Overview
What is Red Rocks Credit Union?
Red Rocks Credit Union is a financial cooperative, owned by approximately 17,000 members, situated in Littleton, Colorado (80120). They offer a wide range of financial services to their members, including consumer lending, shared branching, deposit and transactional services, mortgage lending, home banking, bill payment, and more. Their mission is to empower and support their members' aspirations, enabling them to reach their hopes and dreams to the fullest.
Official website here: www.redrocks.org
What are the reviews and ratings of this charity?
Red Rocks Credit Union is not currently rated by Charity Navigator. This is primarily because the organization is not a 501(c)(3) registered nonprofit, which limits its eligibility for a rating. The absence of a rating does not imply a negative evaluation, but reflects the restrictions of Charity Navigator's evaluation criteria focusing on certain types of nonprofits.
As Red Rocks Credit Union isn't registered under 501(c)(3) and lacks electronically filed Form 990 data, Charity Navigator cannot assess various aspects such as Accountability & Finance or Impact & Measurement. Data gaps exist for key financial metrics and leadership compensation, limiting the insight available from these common assessment areas.
User reviews from GreatNonprofits are not available, leaving public sentiment uncharted in that platform's context. The lack of reviews suggests that insights into personal experiences or customer satisfaction through this venue are not currently documented.
This AI summary has been generated from information found on Charity Navigator.
Is Red Rocks Credit Union legitimate?
Red Rocks Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Red Rocks 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: $1,462,821
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,257,624
For more financial information, click here
Official website here: www.redrocks.org
What is the mission statement of Red Rocks Credit Union?
The Red Rocks Credit Union is committed to encouraging, enabling, and underwriting the hopes, dreams, and aspirations of its members to maximize their impact. With approximately 17,000 members, the credit union offers various financial services to help its members achieve their financial goals. These services include consumer lending, shared branching, deposit and transactional services, mortgage lending, home banking, bill payment, and more. The credit union's mission is geared towards unlocking the full potential of its members by providing them with the necessary financial tools and resources.
Official website here: www.redrocks.org
Who is the CEO of Red Rocks Credit Union?
Darius Wise is the CEO of Red Rocks Credit Union The CEO's salary of Red Rocks Credit Union is $393,532 and their total compensation is $447,520.
Official website here: www.redrocks.org
What is the revenue of Red Rocks Credit Union?
Red Rocks Credit Union's revenue in 2023 was $19,683,622.
Official website here: www.redrocks.org
Who are the executives of Red Rocks Credit Union and what are their salaries?
The average compensation at Red Rocks Credit Union during 2023 was $68,412. There are 69 employees and 12 volunteers at Red Rocks Credit Union.
Here are 15 key members and their salaries (Red Rocks Credit Union's CEO's salary is $393,532 and their total compensation is $447,520):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $393,532
- Related: $0
- Other: $53,988
- Compensation: $257,404
- Related: $0
- Other: $62,026
- Compensation: $94,317
- Related: $0
- Other: $15,897
- Compensation: $201,303
- Related: $0
- Other: $51,041
- Compensation: $150,163
- Related: $0
- Other: $362
- Compensation: $158,196
- Related: $0
- Other: $24,592
- Compensation: $111,349
- Related: $0
- Other: $48,787
- Compensation: $108,824
- Related: $0
- Other: $11,964
Official website here: www.redrocks.org
Where can I find the form 990 for Red Rocks Credit Union?
Red Rocks Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.redrocks.org
Learn more at the official website: www.redrocks.org
Mission Statement of Red Rocks Credit Union
Red Rocks Credit Union, a member-owned financial institution, is dedicated to encouraging, enabling, and underwriting the hopes, dreams, and aspirations of its approximately 17,000 members to maximize their impact. The credit union's mission is geared towards empowering its members with access to a wide range of financial services that cater to their diverse needs.
In practice, Red Rocks Credit Union offers various financial services including consumer lending, shared branching services, deposit and transactional services, mortgage lending, home banking, bill payment, and more. These offerings aim to provide members with the necessary resources to manage their financial lives effectively. By offering these services, the credit union enables its members to make informed financial decisions and ultimately reach their goals.
Red Rocks Credit Union's commitment to its members goes beyond just providing financial services. Its mission is deeply rooted in the belief that every member has the potential to make a difference in their lives and communities. By underwriting the hopes, dreams, and aspirations of its members, the credit union plays a crucial role in helping them achieve their full potential. Through its various offerings, Red Rocks Credit Union strives to be a trusted partner in its members' financial journeys, empowering them to make the most of their resources and build a strong financial foundation for their future.
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Impact
October, 2024
Red Rocks Credit Union has a significant impact on its community by empowering its approximately 17,000 members to achieve their financial goals. By providing a diverse range of financial services such as consumer lending, mortgage lending, and transactional services, the credit union enables individuals to pursue their hopes and dreams. Additionally, with services like shared branching, home banking, and bill payment options, members are equipped with the tools they need to manage their finances effectively.
The credit union's mission focuses on maximizing the impact of its members' aspirations. By fostering financial wellness, Red Rocks Credit Union not only supports individual growth but also contributes to the overall economic health of Littleton, CO, and beyond. Through its commitment to serving the community, the credit union plays an essential role in enhancing the quality of life for its members, ensuring that they can realize their ambitions and fulfill their potential.
This information is meant to be a general summary of Red Rocks 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,673,213
- Program Service Revenue: $18,007,327
- Gross Receipts: $19,694,249
Assets and Liabilities:
- Total Assets: $346,576,542
- Total Liabilities: $316,713,989
- Net Assets: $29,862,553
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST MEMBER LOANS
Revenue
$16,222,727
FEES MEMBER SERVICE
Revenue
$725,759
VISA CHECK CARD INCOME
Revenue
$567,085
OTHER OPERATING INCOME
Revenue
$484,136
INCOME SALE OF MORTGAGES
Revenue
$7,620
Organization Details
Founding Year
1979
Principal Officer
Darius Wise
Website
www.redrocks.orgNTEE Category
Code: W60 - Public benefit
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