Overview
What is Kitsap Credit Union?
Kitsap Credit Union is a not-for-profit financial cooperative based primarily in the state of Washington. With a team of 394 employees, they offer various financial services such as checking, savings, and lending programs to members who reside, work, or worship in the area. Their services encompass secured and unsecured loans, including vehicle loans, credit cards, home equity loans, solar loans, and mortgage loans. Kitsap Credit Union goes beyond banking by providing financial literacy programs and actively engaging in community outreach initiatives.
Official website here: www.kitsapcu.org
Is Kitsap Credit Union legitimate?
Kitsap Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Kitsap 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: $3,066,769
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,435,920
For more financial information, click here
Official website here: www.kitsapcu.org
What is the mission statement of Kitsap Credit Union?
Kitsap Credit Union is a not-for-profit financial cooperative that caters to individuals primarily residing, working, or worshiping in the state of Washington. Its mission is to provide members with various financial programs, including checking, savings, and lending services. Furthermore, the credit union offers financial literacy programs and actively participates in community outreach initiatives. In addition to issuing secured and unsecured loans to its members, the types of loans offered comprise vehicle loans, credit cards, home equity loans, solar loans, and mortgage loans, adhering to the exempt purpose of the credit union.
Official website here: www.kitsapcu.org
Who is the CEO of Kitsap Credit Union?
Shawn Gilfedder is the President/Ceo of Kitsap Credit Union. The CEO's salary of Kitsap Credit Union is $984,689 and their total compensation is $1,007,992.
Official website here: www.kitsapcu.org
What is the revenue of Kitsap Credit Union?
Kitsap Credit Union's revenue in 2022 was $104,047,497.
Official website here: www.kitsapcu.org
Who are the executives of Kitsap Credit Union and what are their salaries?
The average compensation at Kitsap Credit Union during 2022 was $57,113. There are 394 employees at Kitsap Credit Union.
Here are 20 key members and their salaries (Kitsap Credit Union's CEO's salary is $984,689 and their total compensation is $1,007,992):
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $984,689
- Related: $0
- Other: $23,303
- Compensation: $444,880
- Related: $0
- Other: $15,403
- Compensation: $402,881
- Related: $0
- Other: $17,384
- Compensation: $337,510
- Related: $0
- Other: $15,384
- Compensation: $320,485
- Related: $0
- Other: $21,024
- Compensation: $296,131
- Related: $0
- Other: $12,192
- Compensation: $190,976
- Related: $0
- Other: $14,276
- Compensation: $194,919
- Related: $0
- Other: $10,092
- Compensation: $180,887
- Related: $0
- Other: $9,031
- Compensation: $173,123
- Related: $0
- Other: $15,705
- Compensation: $175,626
- Related: $0
- Other: $11,043
Official website here: www.kitsapcu.org
Where can I find the form 990 for Kitsap Credit Union?
Kitsap Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kitsapcu.org
Learn more at the official website: www.kitsapcu.org
Mission Statement of Kitsap Credit Union
Kitsap Credit Union, a not-for-profit financial cooperative, aims to provide essential financial services to its members who primarily reside, work, or worship in the state of Washington. The mission of this organization extends beyond basic banking, as it also offers financial literacy programs and actively engages in community outreach initiatives.
Kitsap Credit Union's primary function is to offer members checking, savings, and lending programs tailored to their specific financial needs. Members can benefit from a range of loan options, including direct and indirect vehicle loans, Visas, home equity loans, solar loans, and mortgage loans. By issuing these loans, Kitsap Credit Union supports its members in various aspects of their financial lives, aligning with its mission to provide valuable financial services.
In addition to its financial offerings, Kitsap Credit Union is deeply committed to fostering financial literacy among its members. Through educational programs, the organization empowers individuals to make informed decisions about their money and improve their overall financial well-being. Furthermore, the credit union is actively involved in community outreach programs, demonstrating its dedication to enhancing the lives of its members and contributing to the betterment of the communities it serves.
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Impact
October, 2024
Kitsap Credit Union plays a significant role in enhancing the financial well-being of individuals and families in Washington. By providing a range of checking, savings, and lending programs, it helps members effectively manage their finances and achieve their personal goals. The credit union offers secured and unsecured loans tailored to diverse needs, including vehicle financing, mortgages, and home equity loans, enabling members to make important investments in their lives.
Additionally, Kitsap Credit Union prioritizes financial literacy, equipping members with the knowledge and skills to make informed financial decisions. Its commitment to community outreach fosters stronger local connections and supports various initiatives designed to uplift the community. Ultimately, the impact of Kitsap Credit Union extends beyond individual members to contribute positively to the broader community in which it serves.
This information is meant to be a general summary of Kitsap 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 2022.
- Investment Income: $11,583,487
- Program Service Revenue: $92,464,010
- Gross Receipts: $104,064,944
Assets and Liabilities:
- Total Assets: $2,255,075,377
- Total Liabilities: $2,136,210,327
- Net Assets: $118,865,050
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$68,862,382
INTERCHANGE INCOME
Revenue
$12,330,955
FEE INCOME
Revenue
$9,466,737
OTHER INCOME
Revenue
$1,803,936
Organization Details
Founding Year
1934
Phone
(360) 662-2000Principal Officer
Shawn Gilfedder
Main Address
PO BOX 990, BREMERTON, WA, 98337
Website
www.kitsapcu.orgNTEE Category
Code: W60 - Public benefit
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