Overview
What is O Bee Credit Union?
O Bee Credit Union is a not-for-profit financial institution based in Lacey, Washington, identified by the address 649 WOODLAND SQUARE LOOP SE 100, ZIP code 98503. The cooperative organization, with a team of 164 employees, offers various financial products and services to its members. These offerings include draft and share accounts, share certificates, consumer and commercial loans, and other activities under the Exempt Function. The mission of O Bee Credit Union is to encourage savings among its members, provide affordable credit, and offer members the opportunity to manage their money effectively, ultimately improving their economic and social conditions.
Official website here: www.obee.com
Is O Bee Credit Union legitimate?
O Bee Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. O Bee 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: $927,817
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,580,081
For more financial information, click here
Official website here: www.obee.com
What is the mission statement of O Bee Credit Union?
The O Bee Credit Union functions as a not-for-profit cooperative financial institution. Its primary objective is to promote thrift among its members and provide them with affordable credit. By doing so, the credit union offers its members the opportunity to manage and control their own finances, ultimately improving their economic and social conditions. As a cooperative, the credit union operates with the goal of fostering financial well-being for its members.
Official website here: www.obee.com
Who is the CEO of O Bee Credit Union?
Bruce Cramer is the Ceo/Treasurer of O Bee Credit Union. The CEO's salary of O Bee Credit Union is $318,665 and their total compensation is $345,554.
Official website here: www.obee.com
What is the revenue of O Bee Credit Union?
O Bee Credit Union's revenue in 2022 was $27,675,853.
Official website here: www.obee.com
Who are the executives of O Bee Credit Union and what are their salaries?
The average compensation at O Bee Credit Union during 2022 was $45,780. There are 164 employees and 17 volunteers at O Bee Credit Union.
Here are 20 key members and their salaries (O Bee Credit Union's CEO's salary is $318,665 and their total compensation is $345,554):
- Compensation: $318,665
- Related: $0
- Other: $26,889
- Compensation: $275,349
- Related: $0
- Other: $13,189
- Compensation: $189,761
- Related: $0
- Other: $35,032
- Compensation: $208,550
- Related: $0
- Other: $12,889
- Compensation: $175,319
- Related: $0
- Other: $12,809
- Compensation: $147,804
- Related: $0
- Other: $33,422
- Compensation: $158,020
- Related: $0
- Other: $19,579
- Compensation: $148,038
- Related: $0
- Other: $28,204
- Compensation: $149,603
- Related: $0
- Other: $7,896
- 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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.obee.com
Where can I find the form 990 for O Bee Credit Union?
O Bee Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.obee.com
Learn more at the official website: www.obee.com
Mission Statement of O Bee Credit Union
O Bee Credit Union, a not-for-profit financial institution, operates as a cooperative with a mission to encourage thrift among its members. Based in Washington state, this credit union provides financial products and services to its members with a focus on affordability and fairness. Its primary objective is to create a reliable source of credit and offer members the opportunity to manage their own money, aiming to improve their economic and social conditions. As a cooperative, O Bee Credit Union is dedicated to putting the needs of its members first and operating in a manner that reflects their collective interests.
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Impact
October, 2024
O Bee Credit Union plays a vital role in the financial landscape of Washington State. Based in Lacey, it offers a range of financial products and services designed to empower its members. By providing essential services such as draft and share accounts, share certificates, and various consumer and commercial loans, it encourages financial stability and growth within the community.
The credit union's mission focuses on fostering thrift among its members and ensuring access to affordable credit. This cooperative model allows members to take control of their financial futures, improving their economic conditions and contributing to the overall well-being of the community. Through its commitment to fair interest rates and financial education, O Bee Credit Union enhances the financial literacy and health of its members, ultimately uplifting the social and economic fabric of the region.
This information is meant to be a general summary of O Bee 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: -$110,362
- Program Service Revenue: $27,786,215
- Gross Receipts: $28,605,802
Assets and Liabilities:
- Total Assets: $560,412,089
- Total Liabilities: $521,899,357
- Net Assets: $38,512,732
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$18,679,154
INTERCHANGE INCOME
Revenue
$3,557,905
FEES AND CHARGES
Revenue
$3,053,864
OTHER NON-INTEREST INCOME
Revenue
$2,495,292
Organization Details
Founding Year
1955
Phone
(360) 943-0740Principal Officer
Bruce Cramer
Main Address
649 WOODLAND SQUARE LOOP SE 100, LACEY, WA, 98503
Website
www.obee.comNTEE Category
Code: W60 - Public benefit
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