Compass Community Credit Union

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

EIN: 941265580 ✦ Eureka, CA ✦ Designated as a 501(c)(14)

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Overview

What is Compass Community Credit Union?

Compass Community Credit Union is a non-profit, state-chartered financial institution located in Eureka, California. With a mission to serve its members, Compass provides competitively priced deposit and loan services. As a credit union, it operates on a not-for-profit basis, aiming to benefit its members by offering financially viable options. The organization employs approximately 31 individuals, demonstrating its commitment to its members and community.


Official website here: www.compassccu.org

Is Compass Community Credit Union legitimate?

Compass Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Compass Community 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: $839,858
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,001,673

For more financial information, click here


Official website here: www.compassccu.org

What is the mission statement of Compass Community Credit Union?

Compass Community Credit Union, as a non-profit state-chartered credit union, is committed to offering competitively priced financial services to its members. Its mission can be summed up as providing affordable banking solutions to its members, prioritizing their financial well-being. The credit union's activities include offering deposit and loan accounts, aiming to cater to the financial needs of its members effectively. The organization operates with a focus on serving its members, ensuring they have access to quality financial services at reasonable prices.


Official website here: www.compassccu.org

Who is the CEO of Compass Community Credit Union?

Ray Litchfield is the Ceo of Compass Community Credit Union. The CEO's salary of Compass Community Credit Union is $340,047 and their total compensation is $340,047.


Official website here: www.compassccu.org

What is the revenue of Compass Community Credit Union?

Compass Community Credit Union's revenue in 2022 was $5,014,828.


Official website here: www.compassccu.org

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

The average compensation at Compass Community Credit Union during 2022 was $59,404. There are 31 employees and 9 volunteers at Compass Community Credit Union.


Here are 9 key members and their salaries (Compass Community Credit Union's CEO's salary is $340,047 and their total compensation is $340,047):


Ray Litchfield (Ceo)
  • Compensation: $340,047
  • Related: $0
  • Other: $0
Pamela Turner (Evp)
  • Compensation: $237,762
  • Related: $0
  • Other: $0
Bruce Lund (Vp)
  • Compensation: $155,181
  • Related: $0
  • Other: $0
Megan Binschus (Avp-Retail Lending)
  • Compensation: $106,868
  • Related: $0
  • Other: $0
Wyatt Kneaper (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Tyson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Sundberg (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dax Williamson (Acting Board Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annalise Von Borstel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.compassccu.org

Where can I find the form 990 for Compass Community Credit Union?

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


Official website here: www.compassccu.org

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

Mission Statement of Compass Community Credit Union

Compass Community Credit Union, as a non-profit State Chartered Natural Person credit union, is dedicated to serving its members by offering competitively priced financial services. Its mission is centered around providing access to a variety of deposit and loan accounts, ensuring that its members receive fair and affordable financial solutions. By operating as a non-profit, Compass Community Credit Union prioritizes the best interests of its members, striving to offer financial services that are both competitive and beneficial.

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Impact




October, 2024

Compass Community Credit Union plays a vital role in enhancing the financial well-being of its members in Eureka, CA. By offering competitively priced deposit and loan account services, it ensures that individuals have access to affordable financial options that can help them achieve their personal and financial goals. The credit union's focus on member service fosters a sense of community and trust, ultimately contributing to the economic stability of the region. Through its commitment to providing quality financial services, Compass Community Credit Union positively impacts the lives of its members and promotes public benefit.




This information is meant to be a general summary of Compass Community 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
$5,014,828 (2022)
Expenses
$4,772,039 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $544,505
  • Program Service Revenue: $4,069,571
  • Gross Receipts: $5,014,828

Assets and Liabilities:

  • Total Assets: $175,987,436
  • Total Liabilities: $158,373,166
  • Net Assets: $17,614,270

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Programs

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

Consumer Lending

Revenue

$4,069,571

Organization Details

Founding Year

1951

Principal Officer

Ray Litchfield

Main Address

PO Box 1268, EUREKA, CA, 955021268

NTEE Category

Code: W60 - Public benefit

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