Overview
What is Spokane Teachers Credit Union?
Spokane Teachers Credit Union (STCU) is a financial institution based in Liberty Lake, Washington, with a significant presence in the state. As of December 31, 2022, STCU manages an impressive $4.6 billion in loans – spread across 188,697 individual accounts – offering various financial products like credit cards, auto loans, and mortgage services. Dedicated to cost-effective financial solutions, STCU adheres to cooperative principles and applicable legislation. They proudly serve a membership base of 266,333 individuals. STCU's mission is to maximize the worth of each financial relationship through affordable financial services, ensuring a strong commitment to its members.
Official website here: www.stcu.org
What do the Facebook reviews say about Spokane Teachers Credit Union?
74% of 306 reviewers on Facebook would recommend Spokane Teachers Credit Union. Here is a summary of their reviews:
There are significant concerns among users regarding the reliability and customer service of Spokane Teachers Credit Union. Many have expressed dissatisfaction, citing issues such as lost deposits and lack of support during the loan application process. One notable complaint involved a member losing a $120 deposit that the institution could not recover after two months of investigation. Additionally, loan denials even for well-prepared applicants have left users feeling frustrated and disillusioned.
While some may find value in the services offered, the recurring negative experiences shared suggest a need for improvement in both accountability and member support. Overall sentiment leans towards disappointment, with users urging the nonprofit to enhance its service delivery and address these persistent issues.
This AI summary has been generated from reviews found on Facebook.
Is Spokane Teachers Credit Union legitimate?
Spokane Teachers Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Spokane Teachers 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: $5,542,160
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,703,759
For more financial information, click here
Official website here: www.stcu.org
What is the mission statement of Spokane Teachers Credit Union?
The Spokane Teachers Credit Union (STCU) is dedicated to optimizing every financial relationship by providing cost-effective services that align with cooperative principles, applicable legislation, and sound management. As of December 31, 2022, STCU caters to over 266,000 members. Maximizing value for its clients is a top priority for the credit union, as evidenced by its extensive loan portfolio of over $4.6 billion, which encompasses 188,000 individual loans. STCU's product offerings include credit cards, auto, RV, and boat loans, 1st mortgage real estate loans, other real estate loans and lines of credit, and commercial loans. The credit union's revenues stem from interest income and fees derived from loan origination and servicing.
Official website here: www.stcu.org
Who is the CEO of Spokane Teachers Credit Union?
Lindsey Myhre is the President And Ceo of Spokane Teachers Credit Union. The CEO's salary of Spokane Teachers Credit Union is $1,129,836 and their total compensation is $1,356,736.
Official website here: www.stcu.org
What is the revenue of Spokane Teachers Credit Union?
Spokane Teachers Credit Union's revenue in 2022 was $238,014,215.
Official website here: www.stcu.org
Who are the executives of Spokane Teachers Credit Union and what are their salaries?
The average compensation at Spokane Teachers Credit Union during 2022 was $53,647. There are 1123 employees and 5 volunteers at Spokane Teachers Credit Union.
Here are 30 key members and their salaries (Spokane Teachers Credit Union's CEO's salary is $1,129,836 and their total compensation is $1,356,736):
- Compensation: $1,129,836
- Related: $0
- Other: $226,900
- Compensation: $519,196
- Related: $0
- Other: $101,244
- Compensation: $360,491
- Related: $0
- Other: $84,052
- Compensation: $356,216
- Related: $0
- Other: $80,982
- Compensation: $294,178
- Related: $0
- Other: $88,847
- Compensation: $300,588
- Related: $0
- Other: $72,946
- Compensation: $284,665
- Related: $0
- Other: $77,248
- Compensation: $256,051
- Related: $0
- Other: $83,275
- Compensation: $270,233
- Related: $0
- Other: $64,548
- Compensation: $255,455
- Related: $0
- Other: $63,499
- Compensation: $252,346
- Related: $0
- Other: $61,432
- Compensation: $229,977
- Related: $0
- Other: $73,607
- Compensation: $236,607
- Related: $0
- Other: $59,289
- Compensation: $248,979
- Related: $0
- Other: $45,103
- Compensation: $231,553
- Related: $0
- Other: $52,091
- Compensation: $223,718
- Related: $0
- Other: $50,684
- Compensation: $224,379
- Related: $0
- Other: $46,092
- Compensation: $24,525
- Related: $0
- Other: $0
- Compensation: $16,351
- Related: $0
- Other: $0
- Compensation: $16,351
- Related: $0
- Other: $0
- Compensation: $16,351
- Related: $0
- Other: $0
- Compensation: $16,351
- Related: $0
- Other: $0
- Compensation: $16,351
- Related: $0
- Other: $0
- Compensation: $16,351
- Related: $0
- Other: $0
- Compensation: $16,351
- Related: $0
- Other: $0
- Compensation: $16,351
- Related: $0
- Other: $0
- Compensation: $15,441
- Related: $0
- Other: $0
- Compensation: $14,644
- Related: $0
- Other: $0
- Compensation: $9,763
- Related: $0
- Other: $0
- Compensation: $9,763
- Related: $0
- Other: $0
Official website here: www.stcu.org
Where can I find the form 990 for Spokane Teachers Credit Union?
Spokane Teachers Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stcu.org
Learn more at the official website: www.stcu.org
Mission Statement of Spokane Teachers Credit Union
Spokane Teachers Credit Union (STCU), a thriving financial institution, is dedicated to delivering optimal value to every financial relationship. This commitment is rooted in cost-effective financial services that align with cooperative principles, applicable legislation, and prudent management. With a membership base of over 266,000 individuals as of December 31, 2022, STCU has made substantial impacts in the financial lives of its members.
At the heart of STCU's mission is a promise to create value through financial services. This value proposition is underpinned by cooperative principles, which prioritize the needs of the members above all else. In addition, STCU adheres to applicable legislation and practicing prudent management to ensure the sustainability of its services.
STCU's financial offerings encompass a diverse range of products. These include credit cards, loans for automobiles, recreational vehicles, and boats, first and other real estate mortgages, lines of credit, and commercial loans. Revenues for the credit union are derived from interest earned on these loans and the fees associated with loan origination and servicing.
In summary, Spokane Teachers Credit Union is a values-driven financial institution that prioritizes its members' interests. By offering cost-effective financial services that comply with cooperative principles, legislation, and prudent management, STCU builds strong, enduring relationships with its members. Through an extensive range of loan products and consistent revenue streams, the credit union maximizes value for its members and continues to grow its membership base.
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Impact
October, 2024
Spokane Teachers Credit Union (STCU) significantly impacts the financial well-being of its members and the community by providing a wide range of cost-effective financial services. Serving over 266,000 members, STCU facilitates access to various loan products, including credit cards, auto loans, mortgage loans, and commercial loans. As of December 31, 2022, STCU had outstanding loans amounting to over $4.6 billion, representing nearly 189,000 individual loans.
By prioritizing cooperative principles and prudent management, STCU maximizes the value of every financial relationship. The interest income derived from loan activities, along with origination and servicing fees, supports its operations while enabling the credit union to offer competitive rates and services. This approach not only enhances members’ financial health but also contributes to the overall economic stability and growth of the region.
This information is meant to be a general summary of Spokane Teachers 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: $15,560,623
- Program Service Revenue: $222,074,185
- Gross Receipts: $1,137,211,933
Assets and Liabilities:
- Total Assets: $5,625,825,339
- Total Liabilities: $5,183,529,011
- Net Assets: $442,296,328
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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
$180,599,401
Fees and Service Charges
Revenue
$37,931,757
Loan Svc and Origination
Revenue
$3,543,027
Organization Details
Founding Year
1934
Phone
(509) 326-1954Principal Officer
Lindsey Myhre
Main Address
1620 N Signal Drive, Liberty Lake, WA, 99019
Website
www.stcu.orgNTEE Category
Code: W60 - Public benefit
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