Truwest Credit Union

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

EIN: 866050959 ✦ Tempe, AZ ✦ Designated as a 501(c)(14)

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Overview

What is Truwest Credit Union?

Truwest Credit Union is a member-owned cooperative based in Tempe, Arizona, with a US address at 1667 N Priest Drive, 85288. They offer their community affordable financial services, including financial planning. The credit union's mission is to provide trusted financial solutions, enabling members to reach their goals. With a team of 319 employees, Truwest Credit Union is dedicated to helping its members achieve financial success.


Official website here: www.truwest.org

Is Truwest Credit Union legitimate?

Truwest Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Truwest 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: $4,098,452
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,071,309

For more financial information, click here


Official website here: www.truwest.org

What is the mission statement of Truwest Credit Union?

Truwest Credit Union is a cooperative dedicated to providing trusted financial solutions for its members. Its mission is to help members achieve their goals through the offering of affordable financial services. The credit union goes beyond just offering financial products, it also provides low-cost financial planning services to its member-owners. By doing so, Truwest Credit Union aims to be a trusted partner in helping its members navigate their financial journey and reach their objectives. The cooperative's primary focus is on ensuring financial well-being and stability for its members, enabling them to reach their full potential.


Official website here: www.truwest.org

Who is the CEO of Truwest Credit Union?

Alan Althouse is the President & Ceo of Truwest Credit Union. The CEO's salary of Truwest Credit Union is $934,746 and their total compensation is $1,114,867.


Official website here: www.truwest.org

What is the revenue of Truwest Credit Union?

Truwest Credit Union's revenue in 2022 was $72,242,165.


Official website here: www.truwest.org

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

The average compensation at Truwest Credit Union during 2022 was $82,037. There are 319 employees and 14 volunteers at Truwest Credit Union.


Here are 22 key members and their salaries (Truwest Credit Union's CEO's salary is $934,746 and their total compensation is $1,114,867):


Rick O'Connor (Chairman)
  • Compensation: $18,742
  • Related: $0
  • Other: $0
Susanna Defranco (Secretary)
  • Compensation: $12,217
  • Related: $0
  • Other: $0
Mike Moulton (Vice Chairman)
  • Compensation: $11,550
  • Related: $0
  • Other: $0
Thomas Cummiskey (Director)
  • Compensation: $12,195
  • Related: $0
  • Other: $0
Scott Johs (Treasurer)
  • Compensation: $13,050
  • Related: $0
  • Other: $0
Tim Niesz (Director)
  • Compensation: $9,600
  • Related: $0
  • Other: $0
Mike Vasko (Director)
  • Compensation: $12,075
  • Related: $0
  • Other: $0
Dave Holody (Director)
  • Compensation: $8,850
  • Related: $0
  • Other: $0
Jeff Homer (Director)
  • Compensation: $11,325
  • Related: $0
  • Other: $0
Gary Bernard (Evp Chief Operations Officer)
  • Compensation: $410,062
  • Related: $0
  • Other: $136,779
Alan Althouse (President & Ceo)
  • Compensation: $934,746
  • Related: $0
  • Other: $180,121
Fred Farbod (Svp Chief Lending Officer)
  • Compensation: $353,115
  • Related: $0
  • Other: $145,982
Chris Kearney (Svp Chief Information Officer)
  • Compensation: $348,255
  • Related: $0
  • Other: $127,704
Nikki Badje (Svp Chief Human Resources Officer)
  • Compensation: $209,242
  • Related: $0
  • Other: $21,565
Michael Ward (Svp Chief Financial Officer)
  • Compensation: $309,699
  • Related: $0
  • Other: $120,035
Alysse Medina (Svp And Chief Legal Officer)
  • Compensation: $254,842
  • Related: $0
  • Other: $109,304
Jennifer Kimmell (Svp Chief Marketing Officer)
  • Compensation: $243,002
  • Related: $0
  • Other: $84,397
Katherine Sciascia (Mortgage Loan Originator)
  • Compensation: $376,618
  • Related: $0
  • Other: $44,307
Brent Cattani (Financial Advisor Ii)
  • Compensation: $464,618
  • Related: $0
  • Other: $21,151
Kathleen Hoffman (Mortgage Loan Originator)
  • Compensation: $493,870
  • Related: $0
  • Other: $32,129
Kelly Argall (Mortgage Loan Officer)
  • Compensation: $484,827
  • Related: $0
  • Other: $35,660
Darren Kennon (Mortgage Loan Officer)
  • Compensation: $266,709
  • Related: $0
  • Other: $46,495


Official website here: www.truwest.org

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

Truwest Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.truwest.org

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

Mission Statement of Truwest Credit Union

Truwest Credit Union, a cooperative dedicated to providing trusted financial solutions, aims to help its member-owners achieve their financial goals. The mission of this financial institution is geared towards offering affordable financial services, including financial planning. In simple terms, Truwest Credit Union is a cooperative that exists to empower its members to reach their financial objectives. By providing a range of low-cost financial services, this credit union enables its members to save money, manage debt, and plan for the future. Through its commitment to financial inclusivity and affordability, Truwest Credit Union stands as a valuable resource for individuals seeking to improve their financial well-being.

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Impact




October, 2024

Truwest Credit Union plays a significant role in its community by empowering members through accessible and affordable financial solutions. By offering low-cost financial services, including financial planning, Truwest supports its member-owners in achieving their personal and financial goals. Located in Tempe, Arizona, the credit union fosters a cooperative model that prioritizes the needs of its members, ensuring they receive trusted guidance and resources to navigate their financial journeys. This commitment to public benefit underscores Truwest's impact, as it contributes to the financial well-being and stability of individuals and families within the community.




This information is meant to be a general summary of Truwest 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
$72,242,165 (2022)
Expenses
$60,300,911 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $9,035,128
  • Program Service Revenue: $61,792,162
  • Gross Receipts: $72,242,165

Assets and Liabilities:

  • Total Assets: $1,514,781,756
  • Total Liabilities: $1,400,355,296
  • Net Assets: $114,426,460

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Programs

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

LOAN INTEREST INCOME

Revenue

$46,980,745

INTERCHANGE INCOME

Revenue

$5,934,682

FEES AND CHARGES

Revenue

$5,564,567

WEALTH MANAGEMENT COMMISSIONS

Revenue

$3,103,080

COLLATERAL PROTECTION INSURANCE

Revenue

$137,090

Organization Details

Founding Year

1952

Principal Officer

Alan Althouse

Main Address

1667 N PRIEST DRIVE, TEMPE, AZ, 85288

NTEE Category

Code: W60 - Public benefit

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