Overview
What is Blupeak Credit Union?
Blupeak Credit Union, previously known as University & State Employees Credit Union, is a member-owned financial cooperative based in San Diego, California. With a workforce of 215 employees, Blupeak offers a wide range of quality financial services and products to its members. These include checking and savings accounts, IRAs, and high-yield money market and term investment accounts. Unlike banks that distribute profits to shareholders, Blupeak Credit Union returns its earnings to members through higher deposit rates and an array of free and low-cost services. As of December 31, 2022, Blupeak Credit Union boasted 70,814 deposit accounts worth over $1,102 million. The credit union's mission transcends financial services, aiming to make a positive impact on the community. Blupeak Credit Union is committed to bridging socioeconomic gaps by supporting access to clean water. They believe that this initiative can inspire compassion and bring about change in people's lives. This not-for-profit financial cooperative exists to serve its members, enriching lives and building better futures.
Official website here: www.blupeak.com
Is Blupeak Credit Union legitimate?
Blupeak Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Blupeak 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: $2,691,985
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,804,804
For more financial information, click here
Official website here: www.blupeak.com
What is the mission statement of Blupeak Credit Union?
Blupeak Credit Union is committed to making a positive impact on the community by promoting access to essential services and aiding those in need. Their mission goes beyond just being a financial cooperative; they strive to enrich lives and build better futures for their members. As a not-for-profit organization, they put their profits back into the community, offering members higher deposit rates and a wide range of free and low-cost services. With over 70,000 member accounts totaling over $1.1 billion as of December 2022, Blupeak Credit Union provides access to various financial products such as checking and savings accounts, IRAs, money market accounts, and term investments.
Official website here: www.blupeak.com
Who is the CEO of Blupeak Credit Union?
Todd Tharp is the President/Ceo of Blupeak Credit Union. The CEO's salary of Blupeak Credit Union is $585,457 and their total compensation is $633,314.
Official website here: www.blupeak.com
What is the revenue of Blupeak Credit Union?
Blupeak Credit Union's revenue in 2022 was $46,015,710.
Official website here: www.blupeak.com
Who are the executives of Blupeak Credit Union and what are their salaries?
The average compensation at Blupeak Credit Union during 2022 was $72,078. There are 215 employees and 11 volunteers at Blupeak Credit Union.
Here are 22 key members and their salaries (Blupeak Credit Union's CEO's salary is $585,457 and their total compensation is $633,314):
- Compensation: $670,005
- Related: $0
- Other: $54,126
- Compensation: $585,457
- Related: $0
- Other: $47,857
- Compensation: $506,283
- Related: $0
- Other: $57,109
- Compensation: $301,430
- Related: $0
- Other: $27,882
- Compensation: $283,030
- Related: $0
- Other: $33,012
- Compensation: $241,043
- Related: $0
- Other: $23,508
- Compensation: $229,815
- Related: $0
- Other: $28,071
- Compensation: $199,839
- Related: $0
- Other: $36,831
- Compensation: $204,971
- Related: $0
- Other: $0
- Compensation: $182,867
- Related: $0
- Other: $21,879
- Compensation: $179,642
- Related: $0
- Other: $19,466
- Compensation: $182,569
- Related: $0
- Other: $8,899
- Compensation: $165,583
- Related: $0
- Other: $18,433
- Compensation: $157,252
- Related: $0
- Other: $20,757
- 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.blupeak.com
Where can I find the form 990 for Blupeak Credit Union?
Blupeak Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.blupeak.com
Learn more at the official website: www.blupeak.com
Mission Statement of Blupeak Credit Union
Blupeak Credit Union, a member-owned financial cooperative, is dedicated to inspiring compassion and bridging socioeconomic gaps within the community. With a focus on positive change, this not-for-profit organization exists to enrich lives and build better futures.
At the heart of Blupeak Credit Union's mission lies its commitment to providing access to quality financial services and products. By returning profits to members instead of shareholders, Blupeak Credit Union offers higher rates on deposits and a host of free and low-cost services. This approach sets it apart from traditional banks.
As of the end of 2022, Blupeak Credit Union boasted 70,814 deposit accounts, totaling over $1.1 billion in assets. These accounts included free checking, low-balance savings, IRAs, and high-yield money market and term investment accounts. The organization's member-focused philosophy empowers individuals to take control of their finances and secure their financial future. Blupeak Credit Union's dedication to putting its members first has made it a trusted and valuable resource within the community.
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Impact
October, 2024
Blupeak Credit Union plays a vital role in the community by offering financial services that prioritize member welfare over profit. With a focus on building connections and inspiring compassion, it actively supports access to clean water as a means to bridge socioeconomic gaps and assist those in need.
Since rebranding in October 2022, Blupeak Credit Union has provided its members with a wide array of financial products, including free checking, low-balance savings accounts, IRAs, and high-yield investment options. This commitment to community enrichment is reflected in the organization’s impressive membership, which, as of December 31, 2022, included over 70,800 deposit accounts totaling more than $1.1 billion.
By returning profits to its members through higher rates on deposits and a variety of free or low-cost services, Blupeak Credit Union enhances the financial well-being of its members, ensuring they have access to essential banking resources. Ultimately, Blupeak Credit Union’s dedication to serving its community manifests in its efforts to foster financial stability, promote charitable initiatives like clean water access, and support the overall health and prosperity of the San Diego area.
This information is meant to be a general summary of Blupeak 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: $8,300,524
- Program Service Revenue: $38,152,384
- Gross Receipts: $95,955,623
Assets and Liabilities:
- Total Assets: $1,240,251,202
- Total Liabilities: $1,162,663,505
- Net Assets: $77,587,697
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$31,053,264
SERVICE CHARGES AND FEE INCOME
Revenue
$4,039,551
INTERCHANGE INCOME
Revenue
$3,059,569
Organization Details
Founding Year
1936
Phone
(858) 795-6000Principal Officer
Todd Tharp
Main Address
10120 PACIFIC HEIGHTS BLVD 100, SAN DIEGO, CA, 92121
Website
www.blupeak.comNTEE Category
Code: W60 - Public benefit
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