Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 840512667 ✦ Commerce city, CO ✦ Designated as a 501(c)(14)

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Overview

What is Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union?

Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union is a nonprofit organization based in Commerce City, Colorado. With a mission to promote thrift and provide lower-cost credit to its members, the credit union offers a wide range of financial products and services to over 7,200 members. Located at 6922 East 72nd Avenue, their primary objective is to afford members the opportunity to accumulate payments on shares and make loans from these shares to its members. The credit union, with a dedicated workforce of 29 employees, aims to promote savings and financial well-being among its members.


Official website here: www.yourbetterbankingchoice.com

Is Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union legitimate?

Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $563,744
Professional Fundraising Fees: $0
Other Salaries and Wages: $832,992

For more financial information, click here


Official website here: www.yourbetterbankingchoice.com

What is the mission statement of Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union?

The mission of Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union is centered around promoting thrift among its members and providing them with affordable credit opportunities. This is achieved by offering a chance for members to accumulate savings in the form of shares, which can then be used to grant loans within the credit union. The primary objective is to provide a diverse range of financial products and services to its members, currently serving over 7,200 of them.


Official website here: www.yourbetterbankingchoice.com

Who is the CEO of Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union?

Loretta Thomas is the Chairperson of Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union. The CEO's salary of Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union is $243,373 and their total compensation is $287,079.


Official website here: www.yourbetterbankingchoice.com

What is the revenue of Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union?

Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union's revenue in 2022 was $3,701,255.


Official website here: www.yourbetterbankingchoice.com

Who are the executives of Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union and what are their salaries?

The average compensation at Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union during 2022 was $48,163. There are 29 employees and 14 volunteers at Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union.


Here are 13 key members and their salaries (Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union's CEO's salary is $243,373 and their total compensation is $287,079):


Debra Larsen (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald May (Vice-Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Peters (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karl White (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Holeman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Hagaman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Mingilton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Last (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Miguel Garcia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Craft (Cio)
  • Compensation: $102,561
  • Related: $0
  • Other: $20,827
Rainy Thoen (Ceo)
  • Compensation: $243,373
  • Related: $0
  • Other: $43,706
Loretta Thomas (Cfo)
  • Compensation: $103,601
  • Related: $0
  • Other: $21,052
Keli Ginter (Coo)
  • Compensation: $114,209
  • Related: $0
  • Other: $21,640


Official website here: www.yourbetterbankingchoice.com

Where can I find the form 990 for Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union?

Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.yourbetterbankingchoice.com

Learn more at the official website: www.yourbetterbankingchoice.com

Mission Statement of Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union

Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union is dedicated to encouraging savings among its members and providing them with affordable credit options. This mission is achieved by offering members the opportunity to save money through share payments and subsequently lending out these savings to fellow members. By doing so, the credit union aims to promote thrift among its members and offer them financial assistance at a lower cost. The organization serves over 7,200 members, providing a wide range of financial products and services to meet their financial needs.

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Impact




October, 2024

Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union plays a vital role in promoting financial well-being among its members in Commerce City, Colorado. With a mission focused on promoting thrift and providing lower-cost credit, it empowers over 7,200 members to manage their finances more effectively.

The credit union offers a wide variety of financial products and services that cater to the needs of its members, enabling them to accumulate savings through share accounts and obtain affordable loans. This accessibility to lower-cost credit not only enhances individual financial stability but also supports the community at large by fostering a culture of savings and responsible borrowing.

By facilitating opportunities for its members to thrive financially, Community Choice Credit Union strengthens local economic resilience and encourages a sense of community among its members. Through its commitment to thrift and financial education, the credit union significantly impacts the lives of its constituents by promoting financial literacy and empowering individuals to achieve their financial goals.




This information is meant to be a general summary of Credit Unions Chartered In The State Of Co 240 Community Choice Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,701,255 (2022)
Expenses
$3,394,264 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $547,617
  • Program Service Revenue: $3,091,867
  • Gross Receipts: $3,712,513

Assets and Liabilities:

  • Total Assets: $103,995,358
  • Total Liabilities: $90,497,440
  • Net Assets: $13,497,918

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS TO M

Revenue

$2,002,945

OTHER INCOME

Revenue

$695,880

FEES AND CHARGES

Revenue

$393,042

Organization Details

Founding Year

1952

Principal Officer

Loretta Thomas

Main Address

6921 EAST 72ND AVENUE, COMMERCE CITY, CO, 80022

NTEE Category

Code: W60 - Public benefit

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