Overview
What is Arrowhead Central Credit Union?
Arrowhead Central Credit Union is a member-owned cooperative based in Rancho Cucamonga, California, with a presence in certain parts of Nevada and Arizona. As of December 31, 2022, they boasted 188,063 members, 75,005 loans, and 273,152 share accounts. Established to promote thrift and savings among its members, the credit union offers affordable loans and provides an opportunity for members to control their finances democratically. Arrowhead Central Credit Union's mission lies in improving the economic and social conditions of its members through the earnings, savings, benefits, or services of the credit union, which are distributed back to its patrons. The credit union has a team of 556 dedicated employees to help achieve these goals.
Official website here: www.arrowheadcu.org
What are the reviews and ratings of this charity?
Arrowhead Central Credit Union is currently not rated by Charity Navigator. This lack of rating stems from its status as a financial cooperative rather than a 501(c)(3) nonprofit, making it ineligible for evaluation under Charity Navigator’s existing criteria. The absence of a rating does not imply any qualitative assessment but simply reflects the organization’s categorization outside the scope of Charity Navigator's typical review process.
Historically, Arrowhead Central Credit Union would have been assessed through accountability and finance metrics. However, without details on key financial measures such as total revenue, expenses, or key personnel salaries, a historical rating could not be fully representative of its operational transparency or efficiency. The organization's classification as a subordinate within a group ruling may also influence its eligibility for different rating criteria.
With no user reviews available on GreatNonprofits, there's limited public feedback on member experiences or community impact. This absence suggests that interested parties may seek testimonials or reviews from other sources or directly engage with the Credit Union for more personalized insight into its services and community roles.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Arrowhead Central Credit Union?
86% of 70 reviewers on Facebook recommend Arrowhead Central Credit Union. Here’s a summary of their reviews:
Many users express dissatisfaction with the customer service experience, particularly with the call-center’s responsiveness and ability to answer simple inquiries. Instances of long hold times and having to provide excessive information for basic questions have left some customers frustrated. Specific employees at branch locations have been praised for their helpfulness, but there seems to be a disconnect between the support provided over the phone and in person.
Despite some negative experiences, a portion of the reviews reflects a long-standing relationship with the credit union, indicating a level of loyalty among clients. Overall, while there are positive interactions noted, the recurring themes of inadequate phone support might overshadow some of the positive aspects of the service offered.
This AI summary has been generated from reviews found on Facebook.
Is Arrowhead Central Credit Union legitimate?
Arrowhead Central Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Arrowhead Central 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: $5,316,081
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,390,223
For more financial information, click here
Official website here: www.arrowheadcu.org
What is the mission statement of Arrowhead Central Credit Union?
Arrowhead Central Credit Union is a member-owned cooperative, established to encourage savings and thrift among its members. The primary objective is to create a credit source for its members, offering competitive interest rates set by the board of directors. Members have the opportunity to manage their own funds on a democratic basis, aiming to enhance their economic and social conditions. The credit union operates for the mutual benefit and overall welfare of its members, distributing earnings, savings, benefits, or services back to them as patronage.
Official website here: www.arrowheadcu.org
Who is the CEO of Arrowhead Central Credit Union?
Darin Woinarowicz is the President/Ceo of Arrowhead Central Credit Union. The CEO's salary of Arrowhead Central Credit Union is $1,795,464 and their total compensation is $1,990,143.
Official website here: www.arrowheadcu.org
What is the revenue of Arrowhead Central Credit Union?
Arrowhead Central Credit Union's revenue in 2022 was $102,317,660.
Official website here: www.arrowheadcu.org
Who are the executives of Arrowhead Central Credit Union and what are their salaries?
The average compensation at Arrowhead Central Credit Union during 2022 was $57,026. There are 556 employees and 11 volunteers at Arrowhead Central Credit Union.
Here are 25 key members and their salaries (Arrowhead Central Credit Union's CEO's salary is $1,795,464 and their total compensation is $1,990,143):
- Compensation: $921
- 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: $1,095
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,795,464
- Related: $0
- Other: $194,679
- Compensation: $527,116
- Related: $0
- Other: $43,925
- Compensation: $460,456
- Related: $0
- Other: $43,741
- Compensation: $376,916
- Related: $0
- Other: $29,937
- Compensation: $361,910
- Related: $0
- Other: $41,100
- Compensation: $342,524
- Related: $0
- Other: $16,920
- Compensation: $214,095
- Related: $0
- Other: $25,122
- Compensation: $184,178
- Related: $0
- Other: $7,933
- Compensation: $89,970
- Related: $0
- Other: $3,961
- Compensation: $197,786
- Related: $0
- Other: $8,488
- Compensation: $194,842
- Related: $0
- Other: $8,384
- Compensation: $191,811
- Related: $0
- Other: $23,278
- Compensation: $188,956
- Related: $0
- Other: $8,178
- Compensation: $188,041
- Related: $0
- Other: $24,129
Official website here: www.arrowheadcu.org
Where can I find the form 990 for Arrowhead Central Credit Union?
Arrowhead Central Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arrowheadcu.org
Learn more at the official website: www.arrowheadcu.org
Mission Statement of Arrowhead Central Credit Union
Arrowhead Central Credit Union is a cooperative, organized with the primary goal of encouraging thrift and savings among its members. Established with the mission to create a reliable source of credit for its members, this financial institution sets its interest rates based on the discretion of its Board of Directors. The credit union offers its members an opportunity to manage their own money in a democratic fashion, with the ultimate aim of improving their economic and social conditions.
As a cooperative, Arrowhead Central Credit Union operates with the shared benefit and general welfare of its members in mind. The earnings, savings, benefits, or services of the credit union are distributed back to its members as patronage. The organization's purpose goes beyond just offering financial services; it aims to create a thriving community where its members can pool their resources and leverage them for their mutual benefits. This not-for-profit approach sets Arrowhead Central Credit Union apart, making it a valuable asset for its members in their financial journeys.
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Impact
October, 2024
Arrowhead Central Credit Union significantly impacts its members and the communities it serves in Southern California and select areas of Nevada and Arizona. With 188,063 members as of December 31, 2022, the credit union promotes thrift and savings while providing a range of financial services tailored to its members' needs.
By offering 75,005 loans, Arrowhead empowers members to access credit at competitive rates set by a democratically elected board of directors. This fosters financial independence and the ability to achieve personal financial goals. Additionally, the credit union operates 273,152 share accounts, promoting savings that encourage fiscal responsibility and community investment.
The cooperative model ensures that the earnings and benefits generated by Arrowhead are returned to members, enhancing their economic and social conditions. Its mission cultivates a sense of agency among members, allowing them to manage and control their finances in a democratic setting. Overall, Arrowhead Central Credit Union plays a crucial role in improving financial literacy, stability, and community welfare.
This information is meant to be a general summary of Arrowhead Central 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: $12,639,427
- Program Service Revenue: $78,303,906
- Gross Receipts: $102,641,501
Assets and Liabilities:
- Total Assets: $2,418,300,884
- Total Liabilities: $2,228,309,724
- Net Assets: $189,991,160
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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
$39,228,145
OTHER OPERATING INCOME
Revenue
$25,835,122
FEE INCOME
Revenue
$13,240,639
Organization Details
Founding Year
1949
Phone
(909) 379-6897Principal Officer
Darin Woinarowicz
Main Address
8686 HAVEN AVENUE, RANCHO CUCAMONGA, CA, 91730
Website
www.arrowheadcu.orgNTEE Category
Code: W60 - Public benefit
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