Overview
What is Weststar Credit Union?
Weststar Credit Union is a cooperative based in Las Vegas, Nevada, with a postal address at PO Box 94138. Established for the purpose of fostering thrift and savings among its members, this credit union offers various loan products, such as residential mortgages, auto loans, credit cards, and other consumer loans. As a member-owned organization, Weststar Credit Union provides its members with a source of credit at interest rates set by its board of directors and offers them the opportunity to manage and control their own finances for their mutual benefit and general welfare. With a workforce of 91 employees, Weststar Credit Union strives to improve the economic and social conditions of its members.
Official website here: www.weststar.org
Is Weststar Credit Union legitimate?
Weststar Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Weststar 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: $1,417,552
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,369,601
For more financial information, click here
Official website here: www.weststar.org
What is the mission statement of Weststar Credit Union?
Weststar Credit Union, functioning as a cooperative, is established to encourage savings among its members. Its primary objective is to provide a source of affordable credit, setting interest rates according to the board's decisions. The credit union also offers its members the chance to manage and utilize their own funds on a democratic basis, aiming to enhance their economic and social conditions. As a cooperative, Weststar Credit Union operates for the mutual benefit and general welfare of its members, distributing earnings, savings, benefits, or services back to its members as patrons.
Official website here: www.weststar.org
Who is the CEO of Weststar Credit Union?
John Bagents is the CEO of Weststar Credit Union The CEO's salary of Weststar Credit Union is $231,143 and their total compensation is $254,138.
Official website here: www.weststar.org
What is the revenue of Weststar Credit Union?
Weststar Credit Union's revenue in 2023 was $13,305,618.
Official website here: www.weststar.org
Who are the executives of Weststar Credit Union and what are their salaries?
The average compensation at Weststar Credit Union during 2023 was $43,036. There are 88 employees and 9 volunteers at Weststar Credit Union.
Here are 16 key members and their salaries (Weststar Credit Union's CEO's salary is $231,143 and their total compensation is $254,138):
- 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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $231,143
- Related: $0
- Other: $22,995
- Compensation: $524,940
- Related: $0
- Other: $2,459
- Compensation: $204,480
- Related: $0
- Other: $20,203
- Compensation: $125,303
- Related: $0
- Other: $16,802
- Compensation: $114,395
- Related: $0
- Other: $16,488
- Compensation: $111,545
- Related: $0
- Other: $15,367
- Compensation: $105,746
- Related: $0
- Other: $14,324
Official website here: www.weststar.org
Where can I find the form 990 for Weststar Credit Union?
Weststar Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.weststar.org
Learn more at the official website: www.weststar.org
Mission Statement of Weststar Credit Union
Weststar Credit Union, as a cooperative, is established with the primary purpose of fostering thrift and savings among its members. Its mission is multifaceted, aiming to serve its members in various ways. Firstly, Weststar Credit Union functions as a source of credit for its members, offering them loans at interest rates set by its board of directors. This credit facility allows members to manage their financial needs effectively.
Secondly, Weststar Credit Union provides an opportunity for its members to control their own money in a democratic manner. This democratic approach to financial management allows members to make decisions that benefit their economic and social conditions collectively. In essence, Weststar Credit Union empowers its members financially, enabling them to improve their economic status and overall well-being.
Lastly, as a cooperative, Weststar Credit Union operates with the mutual benefit and general welfare of its members in mind. Any earnings, savings, benefits, or services generated by the credit union are distributed back to its members. This patronage system ensures that the success of Weststar Credit Union directly contributes to the prosperity of its members, creating a symbiotic relationship between the credit union and its members.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Weststar Credit Union plays a significant role in enhancing the economic and social conditions of its members in Las Vegas, NV. By promoting thrift and savings, it fosters a culture of financial responsibility and empowerment among its community. Through a variety of loan products, including residential mortgages, auto loans, credit cards, and other consumer loans, the credit union provides essential financial services that help members achieve their personal and financial goals.
The mission of Weststar Credit Union is centered around creating access to credit at favorable interest rates, which enables members to better manage their finances. This cooperative model ensures that decisions are made democratically, allowing members to have a direct say in the direction and operations of the credit union, further enhancing their sense of ownership and investment in their financial health.
In summary, Weststar Credit Union significantly impacts its community by promoting financial literacy, offering affordable loan options, and fostering a collaborative environment where members can thrive financially.
This information is meant to be a general summary of Weststar 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: $3,256,089
- Program Service Revenue: $9,747,537
- Gross Receipts: $13,334,914
Assets and Liabilities:
- Total Assets: $255,839,937
- Total Liabilities: $242,522,071
- Net Assets: $13,317,866
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$5,923,099
FEE INCOME
Revenue
$2,447,881
OTHER OPERATING INCOME
Revenue
$1,376,557
Organization Details
Founding Year
1975
Principal Officer
John Bagents
Website
www.weststar.orgNTEE Category
Code: W60 - Public benefit
If you are a representative of Weststar Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.