Solarity Credit Union

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

EIN: 916049071 ✦ Yakima, WA ✦ Designated as a 501(c)(14)

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Overview

What is Solarity Credit Union?

Solarity Credit Union is a nonprofit financial institution based in Yakima, Washington, with over 55,000 members. They provide a comprehensive range of financial services, encompassing real estate and secured consumer loans, checking and savings programs, and credit card services. Their mission is dedicated to serving their members' financial needs effectively. With a team of 231 employees, Solarity Credit Union aims to support and empower its members to manage their finances and improve their financial well-being.


Official website here: www.solaritycu.org

Is Solarity Credit Union legitimate?

Solarity Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Solarity 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: $2,703,787
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,135,128

For more financial information, click here


Official website here: www.solaritycu.org

What is the mission statement of Solarity Credit Union?

Solarity Credit Union is dedicated to offering financial services to its members. Their mission encompasses providing various types of loans, such as real estate and consumer loans, both secured and unsecured. In addition to loan services, they offer checking and savings programs, and credit card services. Solidity Credit Union aims to cater to the financial needs of over 55,000 members, ensuring they have access to essential financial products and services.


Official website here: www.solaritycu.org

Who is the CEO of Solarity Credit Union?

Mina Worthington is the Chairman of Solarity Credit Union. The CEO's salary of Solarity Credit Union is $650,611 and their total compensation is $697,194.


Official website here: www.solaritycu.org

What is the revenue of Solarity Credit Union?

Solarity Credit Union's revenue in 2022 was $37,492,619.


Official website here: www.solaritycu.org

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

The average compensation at Solarity Credit Union during 2022 was $51,251. There are 231 employees and 10 volunteers at Solarity Credit Union.


Here are 22 key members and their salaries (Solarity Credit Union's CEO's salary is $650,611 and their total compensation is $697,194):


Terry Morgan (Chairman)
  • Compensation: $20,000
  • Related: $0
  • Other: $0
Merrilou Harrison (Vice Chair)
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Regan Myers (Secretary)
  • Compensation: $16,000
  • Related: $0
  • Other: $0
James Hurley (Director)
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Michael Meyer (Director)
  • Compensation: $16,000
  • Related: $0
  • Other: $0
Doug Nicholson (Director)
  • Compensation: $16,000
  • Related: $0
  • Other: $0
Vicki Larios (Director)
  • Compensation: $16,000
  • Related: $0
  • Other: $0
Angie Von Essen (Director)
  • Compensation: $16,000
  • Related: $0
  • Other: $0
Angela Gonzalez (Director)
  • Compensation: $16,000
  • Related: $0
  • Other: $0
Ryan Smith (Director)
  • Compensation: $16,000
  • Related: $0
  • Other: $0
Mina Worthington (President/Ceo)
  • Compensation: $650,611
  • Related: $0
  • Other: $46,583
Ralph Cumbee (Chief Communications Officer)
  • Compensation: $305,073
  • Related: $0
  • Other: $36,501
Carrie Gabbard (Chief Operating Officer)
  • Compensation: $308,476
  • Related: $0
  • Other: $45,683
Paul Garrigues (Chief Financial Officer (Until 3/22))
  • Compensation: $221,798
  • Related: $0
  • Other: $33,831
David Eldred (Chief Experience Officer)
  • Compensation: $247,625
  • Related: $0
  • Other: $33,926
Steven Brown (Chief Lending Officer)
  • Compensation: $269,542
  • Related: $0
  • Other: $45,446
Steve Shead (Chief Information Officer)
  • Compensation: $269,884
  • Related: $0
  • Other: $20,808
Valentin Villa (Mortgage Loan Officer)
  • Compensation: $246,683
  • Related: $0
  • Other: $24,534
Debbie Ingle (Vp Of Home Loan Production)
  • Compensation: $251,713
  • Related: $0
  • Other: $43,894
Michelle Hatton (Vp Business Services)
  • Compensation: $173,730
  • Related: $0
  • Other: $20,251
Brandon Babin (Business Services Relation Manager)
  • Compensation: $188,147
  • Related: $0
  • Other: $16,406
Lisa Adamiak (Vp Finance And Administration)
  • Compensation: $169,036
  • Related: $0
  • Other: $18,739


Official website here: www.solaritycu.org

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

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


Official website here: www.solaritycu.org

Learn more at the official website: www.solaritycu.org

Mission Statement of Solarity Credit Union

Solarity Credit Union, a financial institution dedicated to its members, aims to deliver a wide range of financial services. With over 55,000 members, the credit union offers more than just banking essentials. It provides secured and unsecured consumer loans, real estate loans, and a variety of checking and savings programs. Additionally, Solarity Credit Union extends credit card services to cater to its membership base. By doing so, the credit union empowers its members to manage their finances effectively and meet their financial needs. The commitment of Solarity Credit Union to its members is reflected in its mission to provide financial services that cater to various aspects of their financial lives.

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Impact




October, 2024

Solarity Credit Union significantly impacts the Yakima community and its members by offering a wide range of financial services tailored to meet individual needs. With over 55,000 members, the credit union provides essential financial products, including real estate loans, secured and unsecured consumer loans, checking and savings programs, and credit card services.

Through these offerings, Solarity Credit Union empowers individuals and families to achieve their financial goals, whether that involves purchasing a home, managing day-to-day expenses, or building savings for the future. By focusing on member-centric services, Solarity not only enhances financial literacy and stability within the community but also fosters economic growth and resilience in the area.




This information is meant to be a general summary of Solarity 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
$37,492,619 (2022)
Expenses
$31,117,103 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,773,426
  • Program Service Revenue: $35,698,880
  • Gross Receipts: $37,601,585

Assets and Liabilities:

  • Total Assets: $821,287,129
  • Total Liabilities: $703,227,328
  • Net Assets: $118,059,801

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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

$25,336,922

FEES AND CHARGES

Revenue

$6,053,612

INTERCHANGE INCOME

Revenue

$4,308,346

Organization Details

Founding Year

1951

Principal Officer

Mina Worthington

Main Address

PO BOX 2922, YAKIMA, WA, 98907

NTEE Category

Code: W60 - Public benefit

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