Verity 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: 910219005 ✦ Seattle, WA ✦ Designated as a 501(c)(14)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Verity Credit Union?

Verity Credit Union is a cooperative organization based on promoting savings among its members. They are committed to improving their members' lives by establishing trust and empowering them financially. This nonprofit aims to foster strong and viable communities.


Official website here: www.veritycu.com

What do the Facebook reviews say about Verity Credit Union?

76% of reviewers on Facebook recommend Verity Credit Union. Here is a summary of their reviews:

The feedback highlights the positive interactions users have had with the staff, particularly mentioning their kindness and willingness to assist. One reviewer specifically appreciated the help they received with password issues, emphasizing the patience and support shown by the employees.

Overall, individuals express satisfaction with the customer service at Verity Credit Union, noting a welcoming atmosphere and a sense of understanding from the staff. This indicates that the organization values member support and is responsive to their needs.


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

Is Verity Credit Union legitimate?

Verity Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Verity 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: $1,937,102
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,131,823

For more financial information, click here


Official website here: www.veritycu.com

What is the mission statement of Verity Credit Union?

Verity Credit Union is committed to improving the lives of its members by fostering trust and creating strong relationships. Their mission is to empower members financially and contribute to the development of thriving communities. By focusing on building trusted connections, Verity Credit Union aims to make a positive impact on the lives of its members. They strive to provide financial solutions that meet the unique needs of each individual, enabling them to achieve their financial goals and improve their overall well-being. Additionally, their dedication to promoting strong and viable communities extends beyond their membership base, as they seek to contribute to the social and economic growth of the areas they serve.


Official website here: www.veritycu.com

Who is the CEO of Verity Credit Union?

Brad Tanberg is the Chairperson of Verity Credit Union. The CEO's salary of Verity Credit Union is $551,167 and their total compensation is $572,805.


Official website here: www.veritycu.com

What is the revenue of Verity Credit Union?

Verity Credit Union's revenue in 2022 was $38,343,946.


Official website here: www.veritycu.com

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

The average compensation at Verity Credit Union during 2022 was $58,877. There are 188 employees and 14 volunteers at Verity Credit Union.


Here are 19 key members and their salaries (Verity Credit Union's CEO's salary is $551,167 and their total compensation is $572,805):


Nancy Woodland (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Pham (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas Etscheid (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vikash Chhagan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Grenetz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Klemme (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pelin Muharremoglu (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Webb Tonita (President - Ceo)
  • Compensation: $551,167
  • Related: $0
  • Other: $21,638
Tanberg Brad (Chief Financial Officer)
  • Compensation: $273,440
  • Related: $0
  • Other: $19,331
Martin Justin W (Executive Vice President (Thru 1/22))
  • Compensation: $99,368
  • Related: $0
  • Other: $4,595
Narron Tina (Chief Lending Officer)
  • Compensation: $256,125
  • Related: $0
  • Other: $17,172
Hirl Jason (Chief Technology Officer)
  • Compensation: $231,700
  • Related: $0
  • Other: $16,278
Lowe Angela (Chief Human Resource Officer)
  • Compensation: $222,036
  • Related: $0
  • Other: $15,562
Sidell Josh (Chief Experience Officer)
  • Compensation: $202,513
  • Related: $0
  • Other: $6,178
Benner John (Director Of Small Business)
  • Compensation: $232,752
  • Related: $0
  • Other: $15,327
Butler Ken (Director Of Investment Services)
  • Compensation: $217,664
  • Related: $0
  • Other: $15,881
Vermilion Greg (Director Of It)
  • Compensation: $176,240
  • Related: $0
  • Other: $19,014
Mcjannet Paul (Director Of E-Commerce)
  • Compensation: $157,146
  • Related: $0
  • Other: $21,801
Lee Jae Ho (Director Of Research (Thru 10/22))
  • Compensation: $149,535
  • Related: $0
  • Other: $16,558


Official website here: www.veritycu.com

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

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


Official website here: www.veritycu.com

Learn more at the official website: www.veritycu.com

Mission Statement of Verity Credit Union

Verity Credit Union, a cooperative organization, sets out to promote thrift and savings among its members. In doing so, this financial institution aims to make a positive impact on the lives of its members. It aspires to go beyond mere financial transactions, focusing instead on building trusted relationships. By empowering its members financially, Verity Credit Union believes it can help them navigate the complexities of money management and secure a better financial future.

Moreover, Verity Credit Union is deeply committed to strengthening and enriching the communities it serves. It recognizes the importance of financial well-being in creating strong, vibrant communities. Through its mission to empower financial lives, the credit union contributes to the overall social and economic development of the areas it operates in.

In summary, Verity Credit Union is more than just a financial institution. It is a trusted partner, dedicated to enhancing the lives of its members by fostering strong relationships and providing financial empowerment. By promoting savings and thrift and focusing on the needs of its communities, Verity Credit Union plays a vital role in fostering financial stability and overall well-being.

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

Verity Credit Union plays a significant role in enhancing the financial lives of its members and communities in Seattle, WA. By fostering trusted relationships, the organization empowers individuals to achieve their financial goals through responsible savings and thrift. This cooperative model not only supports individual members but also contributes to the overall vitality of the community, encouraging sustainable financial practices and promoting economic stability.

The impact of Verity Credit Union is evident in its commitment to creating strong, viable neighborhoods. Through its financial services, it helps members navigate their financial journeys, leading to increased confidence and improved economic well-being. The focus on building relationships ensures that members feel supported and understood, allowing for more personalized financial guidance. Overall, Verity Credit Union serves as a catalyst for positive change, ultimately contributing to a healthier and more resilient community.




This information is meant to be a general summary of Verity 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
$38,343,946 (2022)
Expenses
$30,623,047 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,395,970
  • Program Service Revenue: $36,566,319
  • Gross Receipts: $38,358,118

Assets and Liabilities:

  • Total Assets: $865,179,017
  • Total Liabilities: $793,586,208
  • Net Assets: $71,592,809

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 ON LOANS

Revenue

$30,383,464

INTERCHANGE INCOME

Revenue

$3,631,442

FEES AND CHARGES

Revenue

$3,385,770

SUBSIDIARY INCOME

Revenue

-$834,357

Organization Details

Founding Year

1933

Principal Officer

Brad Tanberg

Main Address

11027 MERIDIAN AVENUE NORTH, SEATTLE, WA, 98133

NTEE Category

Code: W60 - Public benefit

If you are a representative of Verity 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.