Overview
What is Verve Credit Union?
Verve Credit Union is a nonprofit financial cooperative based on member ownership. Its primary function is to offer financial services, including accepting deposits and extending loans, to individuals. As a member-owned institution, it aims to provide essential financial solutions and programs to its community.
Official website here: www.verveacu.com
Is Verve Credit Union legitimate?
Verve Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Verve 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,487,854
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,064,777
For more financial information, click here
Official website here: www.verveacu.com
What is the mission statement of Verve Credit Union?
Verve Credit Union functions as a non-profit member-owned financial institution, dedicated to offering services to individuals. Its core activities revolve around managing deposits and extending loans to members. The credit union is driven by its mission to serve the financial needs of its members. By operating as a thrift institution, Verve Credit Union focuses on providing essential financial services to its community. Its operations are centered around the creation of deposit and loan programs to cater to the financial requirements of its members.
Official website here: www.verveacu.com
Who is the CEO of Verve Credit Union?
Kevin Ralofsky is the President/Ceo of Verve Credit Union. The CEO's salary of Verve Credit Union is $847,443 and their total compensation is $891,437.
Official website here: www.verveacu.com
What is the revenue of Verve Credit Union?
Who are the executives of Verve Credit Union and what are their salaries?
The average compensation at Verve Credit Union during 2022 was $50,439. There are 348 employees and 13 volunteers at Verve Credit Union.
Here are 21 key members and their salaries (Verve Credit Union's CEO's salary is $847,443 and their total compensation is $891,437):
- Kevin Ralofsky (President/Ceo)
- Scott Willmott (Cfo)
- Karrie Drobnick (Cmo/Coo)
- John Hill (Vp Of Business Lending)
- Chris Butler (Regional President)
- Kenneth Buksnes (Chief Credit Officer)
- Todd Slagter (Vp Of Legal & Risk Management)
- Robert Ketter (Vp Of It)
- Renee Maeder (Vp Of Retail)
- Ryan Didreckson (Coo/Vp Of Operations)
- Victoria Beltran (Chair) [Trustee/Director]
- Kevin Bornemann (Director)
- Bill Colclough (Treasurer) [Trustee/Director]
- Michael Pollack (Vice Chair) [Trustee/Director]
- Brian Borchardt (Director)
- Robert Hernke (Director)
- Adrienne Hartman (Director)
- Amy Dahlke (Director)
- Sam Mcclone (Director)
- Jacob Gosz (Director)
- Tony Mayhugh (Director)
Official website here: www.verveacu.com
Where can I find the form 990 for Verve Credit Union?
The Verve Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.verveacu.com
Learn more at the official website: www.verveacu.com
Mission Statement of Verve Credit Union
Verve Credit Union, a nonprofit member-owned institution, is dedicated to serving individuals by offering a range of financial services. At the heart of its operations are the functions of holding deposits and extending loans to its members. Verve Credit Union's mission is geared towards providing essential financial solutions to individuals, making it an integral part of their financial journeys.
As a member-owned thrift institution, Verve Credit Union is committed to putting its members' needs first. In practice, this means offering financial services tailored to the unique circumstances and financial goals of its members. The organization's primary operations revolve around collecting deposits and issuing loans to its members, thereby fostering financial growth and stability within its community.
Through its various programs, Verve Credit Union aims to make a meaningful impact on the lives of its members. By providing accessible financial services, the institution empowers individuals to achieve their financial aspirations, whether it be purchasing a home, starting a business, or saving for the future. In this way, Verve Credit Union plays a vital role in strengthening the financial well-being of its members and contributing to the overall financial health of the community.
Impact
This information is meant to be a general summary of Verve Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Verve Credit Union's impact is reflected in its mission to provide financial services to individuals through its member-owned thrift institution. By holding deposits and offering loans to its members, Verve Credit Union plays a crucial role in facilitating financial access and stability within the community. Through its programs and services, Verve strives to empower individuals to achieve their financial goals and improve their economic well-being. In doing so, Verve Credit Union contributes to the financial health and vitality of its members and the community at large.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$43,066,004
INTERCHANGE
Revenue
$5,906,049
FEE INCOME
Revenue
$5,123,463
INSURANCE INCOME
Revenue
$1,782,237
WEALTH MANAGEMENT INCOME
Revenue
$302,905
Organization Details
Founding Year
1937
Phone
(800) 448-9228
Principal Officer
Kevin Ralofsky
Main Address
2900 UNIVERSAL STREET, OSHKOSH, WI, 549033046
Website
www.verveacu.com
NTEE Category
Code: W60 - Public benefit
If you are a representative of Verve Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.