Overview
What is Options Credit Union?
Options Credit Union, established in 1979, is a member-owned financial institution located in Littleton, Colorado. With approximately 720 members, it offers a variety of financial services including consumer and mortgage lending, checking and savings accounts, certificates, and IRAs. Additionally, the credit union provides access to ATMs, debit and credit cards, and other financial services. Its mission, originating from its founding as Legal Community Credit Union of Colorado, is to offer personalized customer service as an alternative financial solution for the local community.
Official website here: www.coloradolegal.org
Is Options Credit Union legitimate?
Options Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Options 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: $83,142
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,143
For more financial information, click here
Official website here: www.coloradolegal.org
What is the mission statement of Options Credit Union?
Options Credit Union, originally known as Legal Community Credit Union of Colorado, was established in 1979 with the aim of offering an alternative financial service within the community. The credit union's mission is centered around providing personalized customer service. The institution, owned by approximately 720 members, offers a variety of financial services to its members, including consumer and mortgage lending, checking and savings accounts, certificates, and IRAs. Additionally, Options Credit Union provides ATM, debit, and credit card services, ensuring its members have access to a wide range of financial solutions.
Official website here: www.coloradolegal.org
Who is the CEO of Options Credit Union?
Sherry Espinoza is the Chairman of Options Credit Union. The CEO's salary of Options Credit Union is $82,420 and their total compensation is $83,142.
Official website here: www.coloradolegal.org
What is the revenue of Options Credit Union?
Options Credit Union's revenue in 2022 was $317,940.
Official website here: www.coloradolegal.org
Who are the executives of Options Credit Union and what are their salaries?
There 10 volunteers at Options Credit Union.
Here are 7 key members and their salaries (Options Credit Union's CEO's salary is $82,420 and their total compensation is $83,142):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $82,420
- Related: $0
- Other: $722
Official website here: www.coloradolegal.org
Where can I find the form 990 for Options Credit Union?
Options Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coloradolegal.org
Learn more at the official website: www.coloradolegal.org
Mission Statement of Options Credit Union
Options Credit Union, formerly known as Legal Community Credit Union of Colorado, was established in 1979 with a mission to offer an alternative financial service to its community. The credit union is committed to providing personalized customer service, setting it apart from other financial institutions. Its purpose is to cater to the financial needs of its approximately 720 members, offering services such as consumer lending, mortgage lending, checking and savings accounts, certificates, and IRA accounts. Additionally, Options Credit Union provides members with ATM, debit, and credit card services, further expanding its financial offerings. The credit union's focus on personalized customer service and diverse range of financial services make it a valuable resource for its community members.
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Impact
October, 2024
Options Credit Union significantly impacts its community by providing personalized financial services tailored to the needs of its approximately 720 members. Founded in 1979, it serves as an alternative financial resource that prioritizes customer service and accessible financial options. Members benefit from a range of services, including consumer and mortgage lending, checking and savings accounts, as well as certificates and IRAs. Furthermore, Options Credit Union’s commitment to its members fosters financial stability and empowerment, supporting both individual growth and the broader community. Through its offerings, the credit union plays a vital role in enhancing financial literacy and promoting responsible financial practices within Littleton, Colorado.
This information is meant to be a general summary of Options 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 2022.
- Investment Income: $5,817
- Program Service Revenue: $306,847
- Gross Receipts: $317,940
Assets and Liabilities:
- Total Assets: $5,294,854
- Total Liabilities: $4,830,629
- Net Assets: $464,225
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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
$243,195
FEES MEMBER SERVICE
Revenue
$37,580
OTHER OPERATING INCOME
Revenue
$26,072
Organization Details
Founding Year
1979
Phone
(303) 860-1117Principal Officer
Sherry Espinoza
Main Address
5935 S ZANG ST 4, LITTLETON, CO, 80127
Website
www.coloradolegal.orgNTEE Category
Code: W60 - Public benefit
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