Credit Union Of America

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

EIN: 480477295 ✦ Wichita, KS ✦ Designated as a 501(c)(14)

Overview

What is Credit Union Of America?

Credit Union of America is a nonprofit organization based in Wichita, Kansas. With a membership base of over 91,000 individuals, it offers various financial and related services. The organization provides lending, savings, and financial solutions, encompassing consumer loans, real estate loans, credit cards, savings and certificate accounts, investment options, and multiple methods for members to access their financial services. The mission of Credit Union of America is to offer these financial services for mutual benefit. It employs a team of 361 individuals to help members manage their finances effectively.


Official website here: www.cuofamerica.com

Is Credit Union Of America legitimate?

Credit Union Of America is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Union Of America 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: $2,634,382
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,373,417

For more financial information, click here


Official website here: www.cuofamerica.com

What is the mission statement of Credit Union Of America?

Credit Union of America focuses on providing lending, savings, and financial services for its members. Their offerings include consumer loans, real estate loans, credit cards, savings and certificate accounts, and investment options. Members have multiple methods to access their financial services and resources. The mission of Credit Union of America is to offer these financial services cooperatively, with a membership-driven purpose. They serve a community of 91,208 individuals.


Official website here: www.cuofamerica.com

Who is the CEO of Credit Union Of America?

Frank Shoffner is the Ceo of Credit Union Of America. The CEO's salary of Credit Union Of America is $887,214 and their total compensation is $1,034,250.


Official website here: www.cuofamerica.com

What is the revenue of Credit Union Of America?

Credit Union Of America's revenue in 2022 was $79,212,400.


Official website here: www.cuofamerica.com

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

The average compensation at Credit Union Of America during 2022 was $49,883. There are 361 employees and 14 volunteers at Credit Union Of America.

Here are 21 key members and their salaries (Credit Union Of America's CEO's salary is $887,214 and their total compensation is $1,034,250):

    Frank Shoffner (Ceo)
  • Compensation: $887,214
  • Related: $0
  • Other: $147,036

    • Eileen Phelps (Coo)
  • Compensation: $283,671
  • Related: $0
  • Other: $84,723

    • Glenda Burkett (Corp Giving/Communications/Marketing Director)
  • Compensation: $311,278
  • Related: $0
  • Other: $25,364

    • David Germann (Clo)
  • Compensation: $264,219
  • Related: $0
  • Other: $71,947

    • Lee Ann Gabbert (Cao)
  • Compensation: $262,261
  • Related: $0
  • Other: $71,032

    • Paul Meissner (Cfo (Retired))
  • Compensation: $308,089
  • Related: $0
  • Other: $23,053

    • Gopi Menon (Cio (Terminated))
  • Compensation: $244,695
  • Related: $0
  • Other: $74,916

    • Pam Hildebrand (Re Loan Officer)
  • Compensation: $207,597
  • Related: $0
  • Other: $22,542

    • Sam Grove (Cfo)
  • Compensation: $193,055
  • Related: $0
  • Other: $12,925

    • Heather Baker (Re Loan Officer)
  • Compensation: $169,329
  • Related: $0
  • Other: $16,154

    • Jim Jacobs (Svp Risk, Accounting & Finance)
  • Compensation: $162,770
  • Related: $0
  • Other: $11,930

    • Ernest Warren (Vp Real Estate Lending)
  • Compensation: $157,305
  • Related: $0
  • Other: $15,557

    • Richard Gilstrap (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dean Lang (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stanley Longhofer (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Kay Glasner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Kienzie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Singleton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Warren Briggeman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Mcguire (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clinton Koker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.cuofamerica.com

    Where can I find the form 990 for Credit Union Of America?

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


    Official website here: www.cuofamerica.com

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

    Mission Statement of Credit Union Of America

    Credit Union of America, a leading financial institution, is dedicated to providing lending, savings, and financial services for the mutual benefit of its members. With a mission to empower its members, this organization offers a wide range of financial products and resources.

    Among the services Credit Union of America provides are consumer loans and real estate loans, allowing members to borrow funds for various personal and property-related needs. The organization also offers credit cards and savings and certificate accounts, enabling members to save for the future and manage their daily expenses. Additionally, members have access to investment options through the credit union, helping them grow their wealth.

    Credit Union of America goes above and beyond by offering multiple methods for members to access their financial services. Members can easily manage their accounts through various channels, ensuring convenience and flexibility. By prioritizing its members' needs, Credit Union of America has built a strong community of over 91,208 individuals who trust and rely on the organization for their financial well-being.

    Impact

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




    Thursday, August 15, 2024

    Credit Union Of America's impact is significant as it provides lending, savings, and financial services for mutual benefit to over 91,208 members. By offering consumer loans, real estate loans, credit cards, savings and certificate accounts, investment options, and various methods for member access to financial services and resources, Credit Union Of America plays a crucial role in supporting the financial well-being of its members in Wichita, KS.





    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: $5,682,354
  • Program Service Revenue: $71,812,888
  • Gross Receipts: $81,487,338

    • Assets and Liabilities:
  • Total Assets: $1,405,805,782
  • Total Liabilities: $1,229,425,765
  • Net Assets: $176,380,017
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $50,345,815

    VISA INTERCHANGE

    Revenue

    $9,802,442

    FEES & OTHER CHARGES

    Revenue

    $7,587,159

    INSURANCE SALES

    Revenue

    $2,793,566

    RE ORIGINATION

    Revenue

    $686,601

    Organization Details

    Founding Year

    1935

    Principal Officer

    Frank Shoffner

    Main Address

    PO BOX 47528, WICHITA, KS, 67201

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Credit Union Of America 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.