Overview
What is Central Willamette Credit Union?
Central Willamette Credit Union is a local financial institution based in Albany, Oregon, serving a community of over 34,000 members. With a mission to provide financial services and products, they granted 7,714 loans worth $200.45 million during the year to their members, managing a total loan portfolio of $375.97 million. The credit union maintains 66,476 deposit accounts worth $433.39 million and employs 133 individuals. Their diverse offerings aim to meet the financial needs of their members in a professional, efficient, and competitive manner.
Official website here: www.centralwcu.org
What do the Facebook reviews say about Central Willamette Credit Union?
78% of 47 reviewers on Facebook would recommend Central Willamette Credit Union. Here is a summary of their reviews:
Many participants found the first-time home buyers seminar valuable, highlighting the quality of information provided and the friendly demeanor of the staff. Attendees expressed gratitude for the insights gained, which helped them set expectations for their future home purchase journey.
Overall, feedback indicates that Central Willamette Credit Union offers beneficial resources and support, particularly for individuals looking to navigate the complexities of buying a home.
This AI summary has been generated from reviews found on Facebook.
Is Central Willamette Credit Union legitimate?
Central Willamette Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Central Willamette 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: $986,395
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,317,677
For more financial information, click here
Official website here: www.centralwcu.org
What is the mission statement of Central Willamette Credit Union?
Central Willamette Credit Union is dedicated to offering financial products and services to its membership. Its mission is to provide responsible and attractive savings and loan programs, ensuring a professional, personal, efficient, and competitive service experience. This commitment is consistent with sound financial and business practices. The credit union serves a diverse community of 34,273 members, granting a total of 7,714 loans worth over $200 million during the year. Its loan portfolio exceeds $375 million, while managing 66,476 deposit accounts worth over $433 million. With a team of 109 individuals, Central Willamette Credit Union ensures its members receive comprehensive financial support.
Official website here: www.centralwcu.org
Who is the CEO of Central Willamette Credit Union?
Stacie Wyss-Schoenborn is the Director of Central Willamette Credit Union. The CEO's salary of Central Willamette Credit Union is $148,710 and their total compensation is $153,229.
Official website here: www.centralwcu.org
What is the revenue of Central Willamette Credit Union?
Central Willamette Credit Union's revenue in 2022 was $25,725,776.
Official website here: www.centralwcu.org
Who are the executives of Central Willamette Credit Union and what are their salaries?
The average compensation at Central Willamette Credit Union during 2022 was $54,918. There are 133 employees and 12 volunteers at Central Willamette Credit Union.
Here are 18 key members and their salaries (Central Willamette Credit Union's CEO's salary is $148,710 and their total compensation is $153,229):
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- Compensation: $391,357
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- Other: $7,475
- Compensation: $214,563
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- Other: $7,043
- Compensation: $187,185
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- Other: $7,499
- Compensation: $193,290
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- Other: $6,916
- Compensation: $120,509
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- Other: $1,721
- Compensation: $129,771
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- Compensation: $148,710
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- Other: $4,519
- Compensation: $125,592
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- Compensation: $124,196
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- Other: $3,297
Official website here: www.centralwcu.org
Where can I find the form 990 for Central Willamette Credit Union?
Central Willamette Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centralwcu.org
Learn more at the official website: www.centralwcu.org
Mission Statement of Central Willamette Credit Union
Central Willamette Credit Union, a vital financial institution, is dedicated to offering financial products and services to its extensive membership base. The organization's mission is twofold: providing responsible, alluring savings and loan programs, and other common financial services that enhance the financial wellbeing of its members. Central Willamette Credit Union strives to deliver these services in a professional, personal, efficient, and competitive manner, ensuring sound financial and business practices are upheld.
With a membership of over 34,000 individuals, Central Willamette Credit Union plays a significant role in serving its community. Last year, the credit union granted a total of 7,714 loans, collectively worth over $200 million, to its members. These loans enabled members to access essential funding for various purposes, contributing to the financial growth and stability of the community. Central Willamette Credit Union's loan portfolio comprises 19,125 loans, worth a substantial $375.9 million.
The credit union also manages 66,476 deposit accounts, worth a combined $433.39 million. These funds not only serve as a vital resource for the credit union to extend loans but also contribute to the financial security and stability of its members. Central Willamette Credit Union's team of 109 employees works tirelessly to ensure the organization's smooth operations and to provide personalized attention to each member. By delivering a wide range of financial services and maintaining a strong commitment to its members, Central Willamette Credit Union continues to strengthen its position as a trusted financial partner within the community.
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Impact
October, 2024
Central Willamette Credit Union plays a significant role in enhancing the financial well-being of its community in Albany, Oregon. Serving 34,273 members, it offers a range of diverse financial products and services tailored to meet the needs of individuals and families.
In the past year, the credit union granted 7,714 loans totaling nearly $200.5 million, supporting members in achieving their financial goals, whether that's purchasing a home, financing education, or starting a business. With a total loan portfolio of 19,125 loans valued at approximately $376 million, Central Willamette demonstrates its commitment to making loans accessible to its members.
Additionally, the credit union manages over 66,000 deposit accounts, which collectively hold more than $433 million. This underscores trust in the institution and reflects its ability to foster savings and financial stability within the community.
Employing 109 individuals from the area, Central Willamette not only contributes to local employment but also aims to provide responsible and attractive savings and loan programs. With a mission focused on delivering efficient, professional, and competitive services, Central Willamette Credit Union significantly impacts the financial welfare of its members and the broader community.
This information is meant to be a general summary of Central Willamette 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: $1,769,698
- Program Service Revenue: $20,953,116
- Gross Receipts: $25,873,407
Assets and Liabilities:
- Total Assets: $515,430,336
- Total Liabilities: $478,987,695
- Net Assets: $36,442,641
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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
$14,654,846
SERVICE CHARGES AND GE
Revenue
$5,468,686
OTHER OPERATING INCOME
Revenue
$829,584
Organization Details
Founding Year
1955
Phone
(541) 917-6801Principal Officer
Stacie Wyss-Schoenborn
Main Address
PO BOX 1899, ALBANY, OR, 97321
Website
www.centralwcu.orgNTEE Category
Code: W60 - Public benefit
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