Slo Credit Union

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

EIN: 956062634 ✦ San luis obispo, CA ✦ Designated as a 501(c)(14)

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Overview

What is Slo Credit Union?

Slo Credit Union, based in San Luis Obispo, California, is a non-profit financial institution, chartered by the state, serving a community of 1,611 members. Their primary mission is to offer competitive financial services, including deposit and loan accounts, serving as a cost-effective source of credit and financial services to their members. The credit union also provides a platform for members to meet their savings and checking account needs. With a team of five dedicated individuals, Slo Credit Union is committed to providing its members with reliable and competitive financial solutions.


Official website here: www.slocu.com

Is Slo Credit Union legitimate?

Slo Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Slo 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: $177,823
Professional Fundraising Fees: $0
Other Salaries and Wages: $233,863

For more financial information, click here


Official website here: www.slocu.com

What is the mission statement of Slo Credit Union?

Slo Credit Union, as a non-profit and state-chartered credit union, is dedicated to serving its members by offering competitive financial services. Its mission is to provide a low-cost source of credit and financial services, catering to the savings and checking account needs of its 1,611 members. The primary aim of the credit union is to offer its members affordable financial solutions, thereby enhancing their financial well-being.


Official website here: www.slocu.com

Who is the CEO of Slo Credit Union?

Donna Severs is the Ceo of Slo Credit Union. The CEO's salary of Slo Credit Union is $99,500 and their total compensation is $99,500.


Official website here: www.slocu.com

What is the revenue of Slo Credit Union?

Slo Credit Union's revenue in 2022 was $990,671.


Official website here: www.slocu.com

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

The average compensation at Slo Credit Union during 2022 was $82,337. There are 5 employees and 9 volunteers at Slo Credit Union.


Here are 11 key members and their salaries (Slo Credit Union's CEO's salary is $99,500 and their total compensation is $99,500):


Donna Severs (Ceo)
  • Compensation: $99,500
  • Related: $0
  • Other: $0
Dane Smith (Cfo)
  • Compensation: $78,323
  • Related: $0
  • Other: $0
Ora Sue Fellows (Vice-Chairperso)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caryn Maddalena (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Hall (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Gater (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Senet (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Nelson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Finney (Sc Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Duane Leib (Sc Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vince Morici (Sc Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.slocu.com

Where can I find the form 990 for Slo Credit Union?

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


Official website here: www.slocu.com

Learn more at the official website: www.slocu.com

Mission Statement of Slo Credit Union

Slo Credit Union, as a non-profit, state-chartered organization, is dedicated to serving its members competitively in the financial sector. Its mission is centered around providing affordable financial services, such as deposit and loan accounts, to its 1,611 members. This credit union acts as a reliable source of credit and financial services, enabling its members to meet their savings and checking account needs at a low cost. In essence, Slo Credit Union plays a significant role in empowering its members financially, ensuring they have access to crucial financial tools to manage their finances effectively.

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Impact




October, 2024

SLO Credit Union plays a vital role in the San Luis Obispo community by delivering competitive financial services tailored to the needs of its members. With a focus on supporting local individuals and families, the credit union provided deposit and loan accounts to 1,611 members, ensuring access to essential financial resources.

By offering a low-cost source of credit and financial services, SLO Credit Union enhances the financial well-being of its members, promoting savings and providing options for checking accounts. Its mission underscores a commitment to fostering economic stability and growth within the community, making financial services accessible and affordable for everyone it serves.




This information is meant to be a general summary of Slo 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
$990,671 (2022)
Expenses
$865,350 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $326,721
  • Program Service Revenue: $617,128
  • Gross Receipts: $990,671

Assets and Liabilities:

  • Total Assets: $37,323,013
  • Total Liabilities: $33,519,664
  • Net Assets: $3,803,349

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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

$617,128

Organization Details

Founding Year

1953

Principal Officer

Donna Severs

Main Address

1220 Osos Street, San Luis Obispo, CA, 93401

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