Canvas Credit Union

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

EIN: 846023137 ✦ Lone tree, CO ✦ Designated as a 501(c)(14)

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Overview

What is Canvas Credit Union?

Canvas Credit Union is a member-owned financial institution, headquartered at 9990 PARK MEADOWS DRIVE in Lone Tree, Colorado (80124). With approximately 298,000 members, Canvas Credit Union offers a range of financial services, including consumer lending, shared branching, deposit and transactional services, mortgage lending, commercial lending, home banking, bill payment, and more. The credit union is committed to helping individuals and families make informed financial decisions and grow stronger. Their mission revolves around providing simple and relevant products and services at a consistently honest value, enabling members to afford life. Canvas Credit Union employs a team of 971 dedicated professionals.


Official website here: www.canvas.org

Is Canvas Credit Union legitimate?

Canvas Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Canvas 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: $12,480,849
Professional Fundraising Fees: $0
Other Salaries and Wages: $57,963,585

For more financial information, click here


Official website here: www.canvas.org

What is the mission statement of Canvas Credit Union?

Canvas Credit Union is committed to assisting individuals and families in making sound financial decisions and strengthening their financial standing. By providing straightforward and pertinent financial products and services, the credit union ensures consistent value for its members. Canvas Credit Union goes beyond just offering financial services; it strives to help its members afford life. With a membership of approximately 298,000, the credit union offers various financial solutions, including consumer lending, shared branching, deposit and transactional services, mortgage lending, commercial lending, home banking, bill payment, and other financial services.


Official website here: www.canvas.org

Who is the CEO of Canvas Credit Union?

Darryl Marksberry is the CEO of Canvas Credit Union The CEO's salary of Canvas Credit Union is $1,706,181 and their total compensation is $2,737,006.


Official website here: www.canvas.org

What is the revenue of Canvas Credit Union?

Canvas Credit Union's revenue in 2023 was $307,994,247.


Official website here: www.canvas.org

Who are the executives of Canvas Credit Union and what are their salaries?

The average compensation at Canvas Credit Union during 2023 was $72,623. There are 970 employees and 15 volunteers at Canvas Credit Union.

Here are 21 key members and their salaries (Canvas Credit Union's CEO's salary is $1,706,181 and their total compensation is $2,737,006):


Tim Farrell (Director)
  • Compensation: $35,000
  • Related: $0
  • Other: $0
Tom Lash (Chairman)
  • Compensation: $60,000
  • Related: $0
  • Other: $0
Scott Aaronson (Director)
  • Compensation: $35,000
  • Related: $0
  • Other: $0
Rosalynn Feagins (Vice Chair)
  • Compensation: $45,000
  • Related: $0
  • Other: $0
Tim Reed (Director)
  • Compensation: $35,000
  • Related: $0
  • Other: $0
Josh Burchfield (Treasurer)
  • Compensation: $35,000
  • Related: $0
  • Other: $0
Gary Jones (Director)
  • Compensation: $35,000
  • Related: $0
  • Other: $0
Jerome Davis (Secretary)
  • Compensation: $35,000
  • Related: $0
  • Other: $0
David Pierce (Svp/Cio)
  • Compensation: $570,301
  • Related: $0
  • Other: $428,232
Stephen Ferrero (Chief Comm Eng Off)
  • Compensation: $544,376
  • Related: $0
  • Other: $407,460
Colleen Knoll (Cfo)
  • Compensation: $653,647
  • Related: $0
  • Other: $481,435
Darryl Marksberry (Ceo)
  • Compensation: $1,706,181
  • Related: $0
  • Other: $1,030,825
Chad Shane (Chief Lending Off)
  • Compensation: $597,649
  • Related: $0
  • Other: $451,444
Benjamin Greiving (General Counsel)
  • Compensation: $455,298
  • Related: $0
  • Other: $364,339
Chris Myklebust (Chief Transformation Offic)
  • Compensation: $447,685
  • Related: $0
  • Other: $356,274
Sara Ott (Chief Retail Officer)
  • Compensation: $460,406
  • Related: $0
  • Other: $198,885
Carlos Vazquez (Svp Ciso)
  • Compensation: $364,595
  • Related: $0
  • Other: $192,565
Ryan Klassen (Svp Consumer Lending)
  • Compensation: $353,936
  • Related: $0
  • Other: $190,816
Andrew Watson (Svp Mortgage Lending)
  • Compensation: $1,116,253
  • Related: $0
  • Other: $18,064
Shelby Parkhill (Mortgage Loan Orig 1)
  • Compensation: $379,052
  • Related: $0
  • Other: $21,782
Mark Macnicholas (Vp - Controller)
  • Compensation: $345,402
  • Related: $0
  • Other: $28,949


Official website here: www.canvas.org

Where can I find the form 990 for Canvas Credit Union?

Canvas Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.canvas.org

Learn more at the official website: www.canvas.org

Mission Statement of Canvas Credit Union

Canvas Credit Union, a financial institution owned by approximately 298,000 members, is dedicated to helping individuals and families make informed financial decisions and grow stronger. By providing simple and relevant products and services at a consistently honest value, Canvas Credit Union aims to assist its members in affording life.

The mission of Canvas Credit Union is multifaceted. It goes beyond just offering financial services; it's about empowering people to make better financial choices and build a stronger future. Canvas Credit Union's team is committed to ensuring that the financial tools and resources they provide are accessible, easy to understand, and truly beneficial to their members.

The financial services offered by Canvas Credit Union include consumer lending, shared branching services, deposit and transactional services, mortgage lending, commercial lending, home banking, bill payment, and more. These services are designed to cater to the diverse financial needs of its members, enabling them to manage their money effectively and make the most of their resources. Ultimately, Canvas Credit Union's goal is to help its members thrive financially and lead fulfilling lives.

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Impact




October, 2024

Canvas Credit Union has a significant impact on its community by empowering individuals and families to enhance their financial well-being. The organization focuses on providing straightforward and relevant financial products and services, ensuring that members have access to the resources they need to make informed decisions.

With a membership base of approximately 298,000, Canvas Credit Union offers a variety of financial services, including consumer and mortgage lending, shared branching, and deposit and transactional services. This extensive array of offerings supports members in various aspects of their financial lives, from everyday banking needs to larger financial goals.

By fostering financial literacy and providing services at an honest value, Canvas Credit Union helps its members afford life and navigate financial challenges more effectively. The credit union's dedication to its mission enhances the financial stability and growth of its members, ultimately creating a more prosperous community in Lone Tree, Colorado, and beyond.




This information is meant to be a general summary of Canvas 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
$307,994,247 (2023)
Expenses
$276,485,261 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $9,161,292
  • Program Service Revenue: $290,931,325
  • Gross Receipts: $614,066,146

Assets and Liabilities:

  • Total Assets: $4,272,444,159
  • Total Liabilities: $3,863,265,517
  • Net Assets: $409,178,642

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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

$244,344,368

PLASTICS INCOME

Revenue

$21,997,236

FEES MEMBER SERVICE

Revenue

$18,207,366

OTHER OPERATING INCOME

Revenue

$5,158,372

SHARED BRANCH INCOME

Revenue

$1,223,983

Organization Details

Founding Year

1938

Principal Officer

Darryl T Marksberry

NTEE Category

Code: W60 - Public benefit

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