Overview
What is Keypoint Credit Union?
Keypoint Credit Union is a cooperative financial institution based in San Jose, California, specifically located at 2150 Trade Zone Boulevard, with a mission to promote savings and thrift among its members. Established to create a source of credit and offer competitive interest rates, the credit union has grown its loan portfolio by originating consumer and mortgage loans. With a total of 235 employees, it provides opportunities for members to manage their own money democratically, striving to enhance their economic and social conditions. As a cooperative, Keypoint Credit Union operates for the mutual benefit and general welfare of its members, distributing earnings or services back to them as patronage.
Official website here: www.kpcu.com
What do the Facebook reviews say about Keypoint Credit Union?
94% of the eight reviewers on Facebook recommend Keypoint Credit Union. Here is a summary of their reviews:
The majority of members express a strong sense of loyalty and satisfaction with the service they receive at Keypoint Credit Union. Many appreciate the personalized attention and supportive environment that the institution fosters. Long-term members especially value the reliable and friendly service they have experienced over the years.
However, there is some mention of specific services that may be lacking, such as the absence of Medallion Signature Guarantee, which is a point of concern for at least one reviewer. This suggests that while many are pleased with the overall experience, there may be opportunities for the credit union to expand its offerings to better serve all members. Overall, Keypoint Credit Union is seen favorably by the majority, showcasing their commitment to customer satisfaction.
This AI summary has been generated from reviews found on Facebook.
Is Keypoint Credit Union legitimate?
Keypoint Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Keypoint 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: $5,972,290
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,585,929
For more financial information, click here
Official website here: www.kpcu.com
What is the mission statement of Keypoint Credit Union?
Keypoint Credit Union is a cooperative financial institution established to encourage savings and thrift among its members. Its primary goal is to provide competitive interest rates on loans and offer members the opportunity to manage their own funds in a democratic manner. By doing so, the credit union aims to enhance the economic and social conditions of its members. As a cooperative, Keypoint Credit Union operates for the mutual benefit of its members, with earnings and services being distributed back to them.
Official website here: www.kpcu.com
Who is the CEO of Keypoint Credit Union?
T Bradford Canfield is the President & Ceo of Keypoint Credit Union. The CEO's salary of Keypoint Credit Union is $1,062,742 and their total compensation is $1,100,208.
Official website here: www.kpcu.com
What is the revenue of Keypoint Credit Union?
Keypoint Credit Union's revenue in 2022 was $69,312,506.
Official website here: www.kpcu.com
Who are the executives of Keypoint Credit Union and what are their salaries?
The average compensation at Keypoint Credit Union during 2022 was $95,992. There are 235 employees and 11 volunteers at Keypoint Credit Union.
Here are 30 key members and their salaries (Keypoint Credit Union's CEO's salary is $1,062,742 and their total compensation is $1,100,208):
- Compensation: $1,062,742
- Related: $0
- Other: $37,466
- Compensation: $497,305
- Related: $0
- Other: $62,768
- Compensation: $404,453
- Related: $0
- Other: $75,216
- Compensation: $416,954
- Related: $0
- Other: $51,009
- Compensation: $369,244
- Related: $0
- Other: $43,826
- Compensation: $278,846
- Related: $0
- Other: $65,323
- Compensation: $287,023
- Related: $0
- Other: $28,745
- Compensation: $256,626
- Related: $0
- Other: $41,494
- Compensation: $247,698
- Related: $0
- Other: $44,823
- Compensation: $246,839
- Related: $0
- Other: $42,280
- Compensation: $225,023
- Related: $0
- Other: $44,359
- Compensation: $220,591
- Related: $0
- Other: $45,722
- Compensation: $231,797
- Related: $0
- Other: $34,025
- Compensation: $221,846
- Related: $0
- Other: $36,235
- Compensation: $213,473
- Related: $0
- Other: $28,563
- Compensation: $179,513
- Related: $0
- Other: $55,123
- Compensation: $172,455
- Related: $0
- Other: $48,780
- Compensation: $188,038
- Related: $0
- Other: $31,593
- Compensation: $183,805
- Related: $0
- Other: $27,371
- Compensation: $173,254
- Related: $0
- Other: $28,051
- Compensation: $182,842
- Related: $0
- Other: $15,560
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.kpcu.com
Where can I find the form 990 for Keypoint Credit Union?
Keypoint Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kpcu.com
Learn more at the official website: www.kpcu.com
Mission Statement of Keypoint Credit Union
Keypoint Credit Union, a cooperative organization, is dedicated to fostering a culture of savings and thrift among its members. By pooling their resources together, members can benefit from competitive interest rates on loans and have the opportunity to manage their own money in a democratic manner. This democratic structure allows the credit union to operate for the mutual benefit and general welfare of its members.
Keypoint Credit Union's ultimate goal is to improve the economic and social conditions of its members. By providing a source of credit and promoting savings, the credit union empowers its members to take control of their financial future. As a cooperative, the earnings, savings, benefits, or services of the credit union are distributed back to its members as patronage. This unique business model ensures that the credit union operates with its members' best interests at heart.
In summary, Keypoint Credit Union is more than just a financial institution. It is a cooperative that exists to promote thrift and savings, provide competitive financing options, and give its members a democratic voice in their financial future. Through its member-focused approach, the credit union strives to help its members improve their economic and social conditions.
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Impact
October, 2024
Keypoint Credit Union significantly impacts its members by promoting thrift and savings, fostering financial security within the community. Located in San Jose, California, it excels in offering excellent loan services, including consumer and mortgage loans, which contribute to the growth of a robust loan portfolio.
The credit union is dedicated to creating accessible sources of credit at competitive interest rates, enabling members to manage their finances effectively. By operating on a cooperative model, Keypoint empowers its members to take control of their financial futures while fostering a sense of community. The benefits generated from the credit union's operations are returned to its members, enhancing their overall economic and social well-being. Thus, Keypoint Credit Union plays a vital role in enhancing financial literacy, improving economic conditions, and strengthening the social fabric of its community.
This information is meant to be a general summary of Keypoint 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: $9,059,681
- Program Service Revenue: $60,116,605
- Gross Receipts: $69,624,039
Assets and Liabilities:
- Total Assets: $1,806,959,309
- Total Liabilities: $1,689,747,484
- Net Assets: $117,211,825
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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
$47,908,925
FEE INCOME
Revenue
$3,665,670
INTERCHANGE INCOME
Revenue
$3,029,731
GAIN ON SALE OF LOANS
Revenue
$2,519,579
LOAN SERVICING INCOME
Revenue
$1,335,380
Organization Details
Founding Year
1979
Phone
(408) 731-4100Principal Officer
T Bradford Canfield
Main Address
2150 TRADE ZONE BOULEVARD, SAN JOSE, CA, 95131
Website
www.kpcu.comNTEE Category
Code: W61 - Public benefit
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