Overview
What is Salal Credit Union?
Salal Credit Union is a state-chartered, non-profit cooperative based in Seattle, Washington. With a mission to promote savings and provide credit at fair and reasonable rates, it serves over 57,000 members. The organization, which employs 307 people, aims to eliminate financial barriers for individuals in the Greater Puget Sound community, enabling them to reach their full potential. Salal Credit Union offers a range of financial services to its members, currently catering to 57,052 individuals, while there's potential to serve a much larger population of approximately 6.7 million.
Official website here: www.salalcu.org
What are the reviews and ratings of this charity?
Salal Credit Union is not currently rated by Charity Navigator because it does not classify as a 501(c)(3) nonprofit, which is a prerequisite for evaluation. The lack of a rating does not imply anything positive or negative about the organization; instead, it simply reflects that they have not been subject to the standard evaluation criteria.
Due to its non-501(c)(3) status, Salal Credit Union cannot undergo Charity Navigator's typical assessments, such as Accountability & Finance, Impact & Measurement, Leadership & Adaptability, and Culture & Community. Information on finances and executive salaries is also unavailable because the required IRS filings have not been electronically submitted.
There are no user reviews for Salal Credit Union on GreatNonprofits, leaving a gap in peer-based insights and feedback regarding their services and community impact. Consequently, individuals interested in understanding the experiences of others with this credit union will need to seek information from alternative sources.
This AI summary has been generated from information found on Charity Navigator.
Is Salal Credit Union legitimate?
Salal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Salal 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: $4,223,745
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,420,558
For more financial information, click here
Official website here: www.salalcu.org
What is the mission statement of Salal Credit Union?
Salal Credit Union strives to eliminate financial barriers, enabling everyday visionaries to unlock their full potential. As a non-profit cooperative, it provides its members with various financial services aimed at promoting savings and offering credit at fair and reasonable rates. With a membership base of 57,052, the credit union has the potential to serve approximately 6.7 million individuals within the greater community. In essence, Salal Credit Union empowers its members to overcome financial obstacles, enabling them to reach their financial goals and live up to their fullest potential.
Official website here: www.salalcu.org
Who is the CEO of Salal Credit Union?
Russell E Rosendal is the CEO of Salal Credit Union The CEO's salary of Salal Credit Union is $1,381,803 and their total compensation is $1,423,980.
Official website here: www.salalcu.org
What is the revenue of Salal Credit Union?
Salal Credit Union's revenue in 2023 was $74,965,948.
Official website here: www.salalcu.org
Who are the executives of Salal Credit Union and what are their salaries?
The average compensation at Salal Credit Union during 2023 was $77,017. There are 307 employees and 6 volunteers at Salal Credit Union.
Here are 27 key members and their salaries (Salal Credit Union's CEO's salary is $1,381,803 and their total compensation is $1,423,980):
- 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: $1,381,803
- Related: $0
- Other: $42,177
- Compensation: $288,023
- Related: $0
- Other: $29,448
- Compensation: $282,860
- Related: $0
- Other: $30,080
- Compensation: $286,569
- Related: $0
- Other: $16,967
- Compensation: $270,721
- Related: $0
- Other: $26,602
- Compensation: $210,679
- Related: $0
- Other: $6,606
- Compensation: $187,672
- Related: $0
- Other: $17,419
- Compensation: $172,248
- Related: $0
- Other: $29,286
- Compensation: $189,532
- Related: $0
- Other: $18,922
- Compensation: $157,371
- Related: $0
- Other: $39,096
- Compensation: $154,103
- Related: $0
- Other: $32,337
- Compensation: $159,169
- Related: $0
- Other: $25,064
- Compensation: $152,058
- Related: $0
- Other: $16,931
- Compensation: $202,172
- Related: $0
- Other: $18,759
- Compensation: $150,012
- Related: $0
- Other: $38,649
- Compensation: $162,206
- Related: $0
- Other: $16,326
- Compensation: $158,341
- Related: $0
- Other: $18,349
- Compensation: $147,538
- Related: $0
- Other: $33,668
Official website here: www.salalcu.org
Where can I find the form 990 for Salal Credit Union?
Salal Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.salalcu.org
Learn more at the official website: www.salalcu.org
Mission Statement of Salal Credit Union
Salal Credit Union, a state-chartered non-profit cooperative, strives to eliminate financial barriers for everyday visionaries in their community, enabling them to reach their full potential. The mission of Salal Credit Union is grounded in the belief that financial obstacles should not hinder individuals from achieving their goals.
Through its array of financial services, Salal Credit Union empowers its members to save and access credit at reasonable rates of interest. With a current membership base of 57,052 individuals, the credit union recognizes the vast potential for expansion, serving approximately 6.7 million people within the greater Puget Sound community. By providing these essential financial services, Salal Credit Union contributes to the growth and prosperity of its members, ultimately fostering a stronger, more financially resilient community.
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
Salal Credit Union plays a significant role in empowering individuals and communities by eliminating financial obstacles and fostering financial well-being. By providing a range of services that promote saving and offer credit at fair and reasonable rates, it supports its members in achieving their financial goals and realizing their full potential.
With a membership base of over 57,000 and the capacity to serve approximately 6.7 million potential members in the greater Puget Sound area, Salal Credit Union is strategically positioned to have a widespread impact. Through its cooperative model, it nurtures a community-focused approach that emphasizes accessibility and equitable financial solutions. This commitment not only enhances the financial stability of individual members but also contributes to the overall economic health of the region.
By focusing on member needs and providing tailored financial services, Salal Credit Union cultivates an environment where everyday visionaries are encouraged to thrive. Its mission underscores the importance of financial empowerment, helping to build a stronger, more resilient community in Seattle and beyond.
This information is meant to be a general summary of Salal 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: $5,654,975
- Program Service Revenue: $68,887,854
- Gross Receipts: $76,453,036
Assets and Liabilities:
- Total Assets: $1,278,954,143
- Total Liabilities: $1,200,065,836
- Net Assets: $78,888,307
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 MEMBER LOANS
Revenue
$53,408,146
SERVICE CHARGES & FEE INCOME
Revenue
$14,608,843
NET GAINS ON SALES OF LOANS
Revenue
$494,843
OTHER NON-INTEREST INCOME
Revenue
$376,022
Organization Details
Founding Year
1948
Principal Officer
Russell E Rosendal
Website
www.salalcu.orgNTEE Category
Code: W60 - Public benefit
If you are a representative of Salal 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.