Arsenal Credit Union

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

EIN: 430663009 ✦ Arnold, MO ✦ Designated as a 501(c)(14)

Overview

What is Arsenal Credit Union?

Arsenal Credit Union is a member-driven financial institution based in Arnold, Missouri. With a strong commitment to their community, they serve over 31,000 members by offering savings opportunities and accessible credit. Their mission is rooted in promoting thrift, financial education, and cooperation. The Credit Union aims to create a source of fair credit and provide a platform for members to manage their money effectively. They operate as a non-profit organization, with a team of 117 employees who are dedicated to improving lives and the community through fiscal and financial services.


Official website here: www.arsenalcu.org

Is Arsenal Credit Union legitimate?

Arsenal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Arsenal 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: $1,923,213
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,070,830

For more financial information, click here


Official website here: www.arsenalcu.org

What is the mission statement of Arsenal Credit Union?

Arsenal Credit Union is dedicated to encouraging savings among its members by offering them the chance to accumulate funds. The credit union provides an accessible source of credit with reasonable interest rates, enabling members to manage their money effectively. They operate cooperatively, prioritizing the collective benefit of their members, and offer various fiscal and financial services. Arsenal Credit Union's mission also encompasses educating members on the responsible use of money and credit. Furthermore, they aim to contribute positively to the community in which they serve.


Official website here: www.arsenalcu.org

Who is the CEO of Arsenal Credit Union?

Linda Allen is the President of Arsenal Credit Union.


Official website here: www.arsenalcu.org

What is the revenue of Arsenal Credit Union?

Arsenal Credit Union's revenue in 2022 was $21,467,724.


Official website here: www.arsenalcu.org

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

The average compensation at Arsenal Credit Union during 2022 was $51,231. There are 117 employees and 11 volunteers at Arsenal Credit Union.

Here are 17 key members and their salaries:

    Linda Allen (President)
  • Compensation: $336,882
  • Related: $0
  • Other: $100,866

    • John Gerke (Evp)
  • Compensation: $355,159
  • Related: $0
  • Other: $53,911

    • Lori Crutchley (Evp)
  • Compensation: $217,698
  • Related: $0
  • Other: $38,902

    • Cassandra Hendrixson (Svp Financial Services Delivery)
  • Compensation: $164,306
  • Related: $0
  • Other: $34,603

    • Michael Hudson (Svp Commercial Lending)
  • Compensation: $155,296
  • Related: $0
  • Other: $12,482

    • Greg Clarke (Svp Technology & Risk Management)
  • Compensation: $130,495
  • Related: $0
  • Other: $31,502

    • Jessica Royce (Svp Finance & Collections)
  • Compensation: $133,173
  • Related: $0
  • Other: $14,459

    • Shane Wecker (Svp Consumer Lending)
  • Compensation: $120,176
  • Related: $0
  • Other: $11,556

    • Ken Moser (Vp Marketing)
  • Compensation: $108,710
  • Related: $0
  • Other: $13,973

    • Jean Capriglione (Vp Branch Operations)
  • Compensation: $105,947
  • Related: $0
  • Other: $10,842

    • Gary Dierks (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Killion (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Juanita Novotny (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Keith Emery (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adam Thurau (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dominic Consolino (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn Moore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.arsenalcu.org

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

    The Arsenal Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.arsenalcu.org

    Learn more at the official website: www.arsenalcu.org

    Mission Statement of Arsenal Credit Union

    Arsenal Credit Union is a member-driven financial institution committed to promoting thrift among its members. By offering them the chance to accumulate their savings, this cooperative aims to create a reliable source of credit at reasonable rates. Arsenal Credit Union provides its members with the opportunity to manage their money collectively, fostering a sense of mutual benefit. The organization is dedicated not only to financial education but also to operating in a cooperative spirit.

    Arsenal Credit Union's ultimate goal is to help its members effectively save and make the most of their money. Through its services, the credit union empowers individuals to control their finances and make informed decisions regarding their savings and credit use. Beyond promoting thrift and financial literacy, Arsenal Credit Union aspires to contribute to the betterment of the community it serves. The credit union offers various fiscal and financial services to its members, ensuring they have access to comprehensive financial support.

    In essence, Arsenal Credit Union is more than just a financial institution. It is a cooperative that exists to provide its members with opportunities for savings and credit, while fostering financial education and community improvement. Its mission is to promote thrift, create a source of fair and reasonable credit, and improve the lives of its members.

    Impact

    This information is meant to be a general summary of Arsenal Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Arsenal Credit Union impacts its community by promoting thrift among its members, providing them with opportunities to accumulate savings and access credit at fair rates. Through its services, Arsenal Credit Union helps its 31,853 members manage and control their finances for their mutual benefit. Additionally, the credit union educates members on the prudent use of money and credit, operating in the spirit of cooperation and not for profit. Arsenal Credit Union's focus on improving the community in which it operates extends beyond financial services, making it a vital part of the local economy.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $1,326,070
  • Program Service Revenue: $20,102,980
  • Gross Receipts: $24,186,361

    • Assets and Liabilities:
  • Total Assets: $383,430,662
  • Total Liabilities: $356,124,077
  • Net Assets: $27,306,585
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST ON LOANS

    Revenue

    $14,434,797

    FEES & OTHER INCOME

    Revenue

    $5,645,025

    WARRANTY SALES

    Revenue

    $23,158

    Organization Details

    Founding Year

    1948

    Principal Officer

    Linda Allen

    Main Address

    3780 VOGEL ROAD, ARNOLD, MO, 630103799

    NTEE Category

    Code: W60 - Public benefit

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