Boulder Dam Credit Union

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

EIN: 880059939 ✦ Boulder city, NV ✦ Designated as a 501(c)(14)

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Overview

What is Boulder Dam Credit Union?

Boulder Dam Credit Union is a member-focused financial institution based in Boulder City, Nevada. With two primary objectives, the credit union offers competitive credit services to its members and helps them build their futures. They provide various types of loans, including real estate, auto, boat, RV, signature, and Visa loans. As of December 31, 2022, the credit union had approximately 2,630 loans totaling around $224 million and 2,362 Visa cards with a balance of about $1.943 million. The mission of Boulder Dam Credit Union is to assist its members in achieving their financial goals and realizing their dreams through share and loan accounts and other financial services. The organization comprises a team of 53 dedicated professionals.


Official website here: www.boulderdamcu.org

What do the Facebook reviews say about Boulder Dam Credit Union?

100% of 19 reviewers on Facebook recommend Boulder Dam Credit Union. Here is a summary of their reviews:

Many users express appreciation for the personalized customer service they receive, highlighting it as a standout feature that enhances their experience. The warmth and attentiveness of the staff make members feel valued, which is increasingly hard to find in today's financial institutions.

Overall, customers appear highly satisfied with their interactions at Boulder Dam Credit Union, showcasing a strong sense of community and support that sets the organization apart. This positive perception reinforces the effectiveness of their services and their commitment to member satisfaction.


This AI summary has been generated from reviews found on Facebook.

Is Boulder Dam Credit Union legitimate?

Boulder Dam Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Boulder Dam 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: $914,405
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,595,834

For more financial information, click here


Official website here: www.boulderdamcu.org

What is the mission statement of Boulder Dam Credit Union?

The Boulder Dam Credit Union is dedicated to assisting individuals in building their futures and realizing their dreams. They accomplish this by offering share and loan accounts, as well as various financial services. A primary focus of the credit union is to provide competitive rate credits to its members. This includes loans for real estate, automobiles, boats, RVs, and signature and Visa cards. As of the end of 2022, the credit union had approximately 2,630 loans with a balance of around $224 million and 2,362 Visa cards with a balance of approximately $1.943 million. Through these financial offerings, the credit union plays a crucial role in helping its members achieve their financial goals.


Official website here: www.boulderdamcu.org

Who is the CEO of Boulder Dam Credit Union?

Eric D Estes is the Principal Officer of Boulder Dam Credit Union. The CEO's salary of Boulder Dam Credit Union is $441,504 and their total compensation is $537,212.


Official website here: www.boulderdamcu.org

What is the revenue of Boulder Dam Credit Union?

Boulder Dam Credit Union's revenue in 2022 was $23,391,791.


Official website here: www.boulderdamcu.org

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

The average compensation at Boulder Dam Credit Union during 2022 was $85,099. There are 53 employees and 9 volunteers at Boulder Dam Credit Union.


Here are 15 key members and their salaries (Boulder Dam Credit Union's CEO's salary is $441,504 and their total compensation is $537,212):


Cyndy Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Helena Broadbent (Former Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Disanza (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charmaine Ferrari (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Merrell (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tina Mullis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Scheppmann (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Stevens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Estes (President / Ceo)
  • Compensation: $441,504
  • Related: $0
  • Other: $95,708
Steele Hendrix (Evp)
  • Compensation: $276,500
  • Related: $0
  • Other: $100,693
Mary Beth Clift (Teller Supervisor)
  • Compensation: $164,922
  • Related: $0
  • Other: $44,298
Teri Simmons (Card Services Coordinator)
  • Compensation: $151,452
  • Related: $0
  • Other: $45,731
Barbara Bennett (Loan Supervisor)
  • Compensation: $139,555
  • Related: $0
  • Other: $47,933
Kyle Johnson (Risk Management Coordinator)
  • Compensation: $119,944
  • Related: $0
  • Other: $49,516
Jaron Singleton (Accounting Coordinator)
  • Compensation: $123,896
  • Related: $0
  • Other: $40,297


Official website here: www.boulderdamcu.org

Where can I find the form 990 for Boulder Dam Credit Union?

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


Official website here: www.boulderdamcu.org

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

Mission Statement of Boulder Dam Credit Union

Boulder Dam Credit Union, a people-focused financial institution, is dedicated to helping its members build their futures and realize their dreams. The organization's primary mission revolves around extending credit to eligible members at competitive rates. Boulder Dam Credit Union offers various loan options, including real estate, auto, boat, RV, signature, and Visa loans. As of December 31, 2022, the credit union boasted a substantial loan portfolio, with approximately $224 million in loans and $1.943 million in Visa card balances. By providing these financial services, Boulder Dam Credit Union empowers its members to make significant strides towards their goals and aspirations.

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Impact




October, 2024

Boulder Dam Credit Union plays a significant role in the financial well-being of its members and the broader community. By providing a range of financial services, including share and loan accounts, it empowers individuals to achieve their financial goals and fulfill their dreams. One of the primary focuses of the credit union is to offer credit to members at competitive rates, making it an essential resource for those seeking financing for various needs.

With approximately 2,630 loans totaling around $224 million as of December 31, 2022, the credit union supports a diverse array of financial aspirations, from real estate purchases to vehicle financing. Additionally, the provision of 2,362 Visa cards, with a total balance of approximately $1.943 million, further illustrates its commitment to facilitating convenient access to credit.

Through its financial services, Boulder Dam Credit Union fosters a culture of support and collaboration among its members, reinforcing the idea of community development and economic empowerment in Boulder City, NV. The credit union’s mission highlights its dedication to helping people build their futures, positioning it as a vital contributor to the region's growth and overall prosperity.




This information is meant to be a general summary of Boulder Dam 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
$23,391,791 (2022)
Expenses
$15,254,077 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $10,599,563
  • Program Service Revenue: $12,350,288
  • Gross Receipts: $24,897,762

Assets and Liabilities:

  • Total Assets: $835,531,285
  • Total Liabilities: $760,437,757
  • Net Assets: $75,093,528

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Programs

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

LOAN INTEREST

Revenue

$10,158,390

SERVICE CHARGES & OTHER FEES

Revenue

$1,191,898

PROVISION FOR LOAN LOSSES

Revenue

$1,000,000

Organization Details

Founding Year

1940

Principal Officer

Eric D Estes

Main Address

PO BOX 61530, BOULDER CITY, NV, 890061530

NTEE Category

Code: W60 - Public benefit

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