Denver Community Credit Union

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

EIN: 840405947 ✦ Denver, CO ✦ Designated as a 501(c)(14)

Overview

What is Denver Community Credit Union?

Denver Community Credit Union Dba Zing Credit Union is a financial institution located at 1075 Acoma Street in Denver, Colorado (CO 80204). With a mission to promote thrift and provide affordable credit to its members, the credit union offers a diverse range of financial products and services to over 36,000 served. By enabling members to save and accumulate payments on shares, the Credit Union then offers loans from these savings to its members. The credit union's workforce consists of 128 employees dedicated to helping its members thrive financially.


Official website here: www.denvercommunity.coop

Is Denver Community Credit Union legitimate?

Denver Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Denver Community 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: $1,795,165
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.denvercommunity.coop

What is the mission statement of Denver Community Credit Union?

Denver Community Credit Union, doing business as Zing Credit Union, is dedicated to encouraging thrift among its members and offering them affordable credit. By providing the opportunity for members to save and accumulate payments on shares, the credit union can then make loans using these savings. The financial institution offers a range of financial products and services to its members, serving over 36,000 individuals. The mission of Zing Credit Union is to foster savings and extend lower-cost credit to its members.


Official website here: www.denvercommunity.coop

Who is the CEO of Denver Community Credit Union?

Shane Silvernale is the Board Member of Denver Community Credit Union. The CEO's salary of Denver Community Credit Union is $453,532 and their total compensation is $477,709.


Official website here: www.denvercommunity.coop

What is the revenue of Denver Community Credit Union?

Denver Community Credit Union's revenue in 2022 was $20,539,634.


Official website here: www.denvercommunity.coop

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

The average compensation at Denver Community Credit Union during 2022 was $14,025. There are 128 employees and 12 volunteers at Denver Community Credit Union.

Here are 14 key members and their salaries (Denver Community Credit Union's CEO's salary is $453,532 and their total compensation is $477,709):

    Shane Silvernale (Co-Ceo)
  • Compensation: $460,725
  • Related: $0
  • Other: $23,577

    • Teressa Bonfante (Co-Ceo)
  • Compensation: $453,532
  • Related: $0
  • Other: $24,177

    • Joseph Tassano (Vp Of Branches)
  • Compensation: $219,720
  • Related: $0
  • Other: $26,620

    • Barbara Rash (Vp Human Resources)
  • Compensation: $174,443
  • Related: $0
  • Other: $18,410

    • Theresa Sherry (Vp - Finance)
  • Compensation: $173,842
  • Related: $0
  • Other: $17,796

    • Patrick Kelly (Vp - Information Technolog)
  • Compensation: $163,402
  • Related: $0
  • Other: $14,890

    • Helen Gibson (Vp - Strategic Outreach)
  • Compensation: $132,411
  • Related: $0
  • Other: $17,296

    • James Dipaolo (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Toni Shelton (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn Lawson (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janice M Cornell (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Morris E Murray (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andy Blunt (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Helen Gonzales (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.denvercommunity.coop

    Where can I find the form 990 for Denver Community Credit Union?

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


    Official website here: www.denvercommunity.coop

    Learn more at the official website: www.denvercommunity.coop

    Mission Statement of Denver Community Credit Union

    Denver Community Credit Union Dba Zing Credit Union, a financial institution dedicated to its members, works towards the promotion of thrift and the provision of affordable credit. By enabling its members to save and accumulate payments on shares, the credit union creates an opportunity for loans to be made from these savings. In essence, Zing Credit Union empowers its members to save and borrows from their own collective funds, thereby keeping costs low.

    Zing Credit Union's primary objective is to provide an extensive range of financial products and services to its over 36,000 members. By doing so, the credit union not only helps its members manage their finances effectively but also offers them the opportunity to save and invest for their future. The credit union's mission is rooted in the belief that by encouraging thrift and providing affordable credit, its members can improve their financial well-being.

    Moreover, the credit union's approach to financial services is member-centric. It prioritizes the needs and goals of its members, ensuring that they have access to the tools and resources necessary to make informed financial decisions. Through its various offerings, Denver Community Credit Union Dba Zing Credit Union aims to help its members build a solid financial foundation and secure a brighter future.

    Impact

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




    Thursday, August 15, 2024

    Denver Community Credit Union's impact is evident in its mission to promote thrift and provide lower cost credit to its members. By offering a wide variety of financial products and services to over 36,000 members in Denver, Colorado, the credit union plays a vital role in supporting the financial well-being of individuals and families in the community. Through its commitment to promoting thrift and facilitating access to affordable credit, Denver Community Credit Union contributes to the economic empowerment and stability of its members, ultimately fostering a more financially inclusive and resilient community.





    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: $2,091,738
  • Program Service Revenue: $18,407,536
  • Gross Receipts: $27,812,944

    • Assets and Liabilities:
  • Total Assets: $437,413,993
  • Total Liabilities: $392,426,218
  • Net Assets: $44,987,775
  • Programs

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

    INTEREST ON LOANS TO MEMBERS

    Revenue

    $11,298,791

    OTHER INCOME

    Revenue

    $4,367,238

    FEES AND CHARGES

    Revenue

    $2,741,507

    Organization Details

    Founding Year

    1934

    Principal Officer

    Shane Silvernale

    Main Address

    1075 ACOMA STREET, DENVER, CO, 80204

    NTEE Category

    Code: W60 - Public benefit

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