Dow Great Western Credit Union

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

EIN: 941417215 ✦ Antioch, CA ✦ Designated as a 501(c)(14)

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Overview

What is Dow Great Western Credit Union?

Dow Great Western Credit Union is a member-owned financial institution, based in Antioch, California, with a total of 8 employees. It primarily focuses on offering savings and borrowing opportunities to its members, serving a membership of 2248 as of December 31, 2022. The credit union's activities include managing 3249 loans worth $27,037,422 and 4216 share deposit accounts amounting to $46,399,289. Members benefit from the credit union's services, as seen in the growth of checking accounts, debit card usage, and transactions at the ATM. Additionally, depositing and check cashing services at the member services counter have also seen an increase. Overall, Dow Great Western Credit Union is committed to providing financial support and services to its members.


Official website here: www.dowcu.org

Is Dow Great Western Credit Union legitimate?

Dow Great Western Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Dow Great Western 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: $229,615
Professional Fundraising Fees: $0
Other Salaries and Wages: $293,370

For more financial information, click here


Official website here: www.dowcu.org

What is the mission statement of Dow Great Western Credit Union?

The Dow Great Western Credit Union is dedicated to serving its member-owned community by offering thrift savings and borrowing opportunities. Acting as a financial cooperative, the credit union provides various financial services, including loans and share deposit accounts. As of December 31, 2022, the credit union boasts over 2200 members and manages over $27 million in loans, as well as $46 million in share deposit accounts. The credit union's mission is to support its members financially, offering them a range of financial services to help them manage their finances effectively.


Official website here: www.dowcu.org

Who is the CEO of Dow Great Western Credit Union?

Paul Kramer is the Ceo of Dow Great Western Credit Union. The CEO's salary of Dow Great Western Credit Union is $229,615 and their total compensation is $276,142.


Official website here: www.dowcu.org

What is the revenue of Dow Great Western Credit Union?

Dow Great Western Credit Union's revenue in 2022 was $2,135,824.


Official website here: www.dowcu.org

Who are the executives of Dow Great Western Credit Union and what are their salaries?

The average compensation at Dow Great Western Credit Union during 2022 was $65,373. There are 8 employees and 7 volunteers at Dow Great Western Credit Union.


Here are 8 key members and their salaries (Dow Great Western Credit Union's CEO's salary is $229,615 and their total compensation is $276,142):


Paul Kramer (Ceo)
  • Compensation: $229,615
  • Related: $0
  • Other: $46,527
Steven Mcadams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Art Solis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Jacobson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Curtis Tong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sally Siemak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Noyer (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Parks (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.dowcu.org

Where can I find the form 990 for Dow Great Western Credit Union?

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


Official website here: www.dowcu.org

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

Mission Statement of Dow Great Western Credit Union

Dow Great Western Credit Union, as a member-owned financial institution, is dedicated to providing its members with thrift savings and borrowing opportunities. Acting as a financial cooperative, the credit union offers various financial services to its members, serving as their one-stop financial solution. With a membership of 2248 individuals as of December 31, 2022, the credit union has extended a total of 3249 loans amounting to $27,037,422. Moreover, the credit union boasts 4216 share deposit accounts, accumulating a substantial $46,399,289. In essence, Dow Great Western Credit Union serves its members by facilitating savings and offering loans, thereby empowering them financially.

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Impact




October, 2024

Dow Great Western Credit Union significantly enhances the financial well-being of its members by offering essential thrift savings and borrowing services. As a member-owned financial institution, it fosters a cooperative environment where 2,248 members can manage their finances effectively. The credit union has issued 3,249 loans, totaling over $27 million, reflecting its commitment to supporting the financial needs of its community.

With a robust deposit base of approximately $46.4 million across 4,216 share deposit accounts, it actively encourages savings among its members. The credit union’s services have seen positive growth, with an increase in checking accounts and the continued rise in debit card usage, alongside increasing transaction volumes at ATMs and member services.

The dividends paid to members, totaling over $115,000 in the previous year, further highlight the credit union's role in providing tangible benefits to its members. Overall, Dow Great Western Credit Union plays a crucial role in empowering its members through accessible financial services and cooperative principles.




This information is meant to be a general summary of Dow Great Western 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
$2,135,824 (2022)
Expenses
$2,150,717 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $237,843
  • Program Service Revenue: $1,758,924
  • Gross Receipts: $2,135,824

Assets and Liabilities:

  • Total Assets: $51,207,764
  • Total Liabilities: $48,069,039
  • Net Assets: $3,138,725

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Programs

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

Member Loan Interest

Revenue

$1,111,919

Organization Details

Founding Year

1938

Principal Officer

Paul Kramer

Main Address

3457 Deer Valley Rd, Antioch, CA, 94531

NTEE Category

Code: W60 - Public benefit

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