Snocope Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 910729043 ✦ Everett, WA ✦ Designated as a 501(c)(14)

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Overview

What is Snocope Credit Union?

Snocope Credit Union is a financial institution based in Everett, Washington, specifically located at 3130 Rockefeller Avenue. As a credit union, it offers depository and lending services to its membership. In the year 2022, the credit union provided 928 loans amounting to $22,814,142 to its members. With a total of 15 employees, Snocope Credit Union is committed to helping its members build lasting financial success, one member at a time. The credit union had a membership of 6,407 individuals at the end of 2022.


Official website here: www.snocope.com

Is Snocope Credit Union legitimate?

Snocope Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Snocope 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: $401,597
Professional Fundraising Fees: $0
Other Salaries and Wages: $554,345

For more financial information, click here


Official website here: www.snocope.com

What is the mission statement of Snocope Credit Union?

The Snocope Credit Union is committed to fostering long-term financial success for each of its members. Their mission statement, echoed in their activities, is to achieve this goal one member at a time. The credit union provides deposit and loan services to its member base. In 2022, they granted a total of 928 loans amounting to $22,814,142 to their members. As of the end of 2022, the credit union boasted a membership of 6,407 individuals.


Official website here: www.snocope.com

Who is the CEO of Snocope Credit Union?

Steven Ellis is the President & Ceo of Snocope Credit Union. The CEO's salary of Snocope Credit Union is $146,592 and their total compensation is $168,743.


Official website here: www.snocope.com

What is the revenue of Snocope Credit Union?

Snocope Credit Union's revenue in 2022 was $3,124,105.


Official website here: www.snocope.com

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

The average compensation at Snocope Credit Union during 2022 was $63,729. There are 15 employees and 12 volunteers at Snocope Credit Union.


Here are 10 key members and their salaries (Snocope Credit Union's CEO's salary is $146,592 and their total compensation is $168,743):


Steven Ellis (President & Ceo)
  • Compensation: $146,592
  • Related: $0
  • Other: $22,151
Chad Seabury (Vp Operations)
  • Compensation: $104,743
  • Related: $0
  • Other: $12,085
Dustin Rhode (Vp Lending)
  • Compensation: $98,004
  • Related: $0
  • Other: $18,022
Steve Torrence (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Noelle Morgenstern (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Bilen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheila Postle (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Rudolf (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Craig (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.snocope.com

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

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


Official website here: www.snocope.com

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

Mission Statement of Snocope Credit Union

Snocope Credit Union, a financial institution, is committed to building lifelong financial success for each of its members individually. This mission statement underscores the credit union's dedication to providing its members with both depository and lending services, aiming to foster financial stability and growth for each person it serves. In the year 2022, Snocope Credit Union granted a total of 928 loans amounting to $22,814,142 to its members, demonstrating its active role in facilitating financial opportunities. With a membership base of 6,407 individuals at the end of 2022, the credit union continues to uphold its mission of financial empowerment, one member at a time.

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Impact




October, 2024

Snocope Credit Union plays a vital role in fostering financial well-being within the community by providing essential depository and lending services tailored to the needs of its members. In 2022, the credit union made a significant impact by granting 928 loans, totaling $22,814,142. This support helps members achieve various financial goals, from purchasing homes to funding personal projects.

With a membership base of 6,407 individuals at the end of 2022, Snocope Credit Union is dedicated to building lifelong financial success, one member at a time. Their focus on personalized service ensures that each member receives the attention and resources needed to thrive financially. By operating in Everett, WA, Snocope Credit Union enhances the local economy and strengthens community ties through its commitment to public benefit initiatives.




This information is meant to be a general summary of Snocope 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
$3,124,105 (2022)
Expenses
$2,882,314 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $421,568
  • Program Service Revenue: $2,569,829
  • Gross Receipts: $3,124,105

Assets and Liabilities:

  • Total Assets: $82,623,983
  • Total Liabilities: $77,234,886
  • Net Assets: $5,389,097

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FEES AND CHARGES

Revenue

$202,517

INTERCHANGE FEES

Revenue

$260,903

LOAN INTEREST

Revenue

$2,106,409

Organization Details

Founding Year

1959

Principal Officer

Steven Ellis

Main Address

3130 ROCKEFELLER AVE, EVERETT, WA, 98201

NTEE Category

Code: W60 - Public benefit

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