Canvas Credit Union

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

EIN: 846023137 ✦ Lone tree, CO ✦ Designated as a 501(c)(14)

Overview

What is Canvas Credit Union?

Canvas Credit Union is a member-owned financial institution, headquartered at 9990 PARK MEADOWS DRIVE in Lone Tree, Colorado (80124). With approximately 298,000 members, Canvas Credit Union offers a range of financial services, including consumer lending, shared branching, deposit and transactional services, mortgage lending, commercial lending, home banking, bill payment, and more. The credit union is committed to helping individuals and families make informed financial decisions and grow stronger. Their mission revolves around providing simple and relevant products and services at a consistently honest value, enabling members to afford life. Canvas Credit Union employs a team of 971 dedicated professionals.


Official website here: www.canvas.org

Is Canvas Credit Union legitimate?

Canvas Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Canvas 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: $10,724,910
Professional Fundraising Fees: $0
Other Salaries and Wages: $50,585,352

For more financial information, click here


Official website here: www.canvas.org

What is the mission statement of Canvas Credit Union?

Canvas Credit Union is committed to assisting individuals and families in making sound financial decisions and strengthening their financial standing. By providing straightforward and pertinent financial products and services, the credit union ensures consistent value for its members. Canvas Credit Union goes beyond just offering financial services; it strives to help its members afford life. With a membership of approximately 298,000, the credit union offers various financial solutions, including consumer lending, shared branching, deposit and transactional services, mortgage lending, commercial lending, home banking, bill payment, and other financial services.


Official website here: www.canvas.org

Who is the CEO of Canvas Credit Union?

Darryl T Marksberry is the Principal Officer of Canvas Credit Union. The CEO's salary of Canvas Credit Union is $1,190,050 and their total compensation is $1,659,958.


Official website here: www.canvas.org

What is the revenue of Canvas Credit Union?

Canvas Credit Union's revenue in 2022 was $237,343,960.


Official website here: www.canvas.org

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

The average compensation at Canvas Credit Union during 2022 was $63,141. There are 971 employees and 11 volunteers at Canvas Credit Union.

Here are 22 key members and their salaries (Canvas Credit Union's CEO's salary is $1,190,050 and their total compensation is $1,659,958):

    Darryl Marksberry (Ceo)
  • Compensation: $1,190,050
  • Related: $0
  • Other: $469,908

    • Colleen Knoll (Cfo)
  • Compensation: $693,326
  • Related: $0
  • Other: $457,552

    • David Pierce (Svp/Cio)
  • Compensation: $597,222
  • Related: $0
  • Other: $384,225

    • Chad Shane (Chief Lending Off)
  • Compensation: $583,338
  • Related: $0
  • Other: $360,307

    • Stephen Ferrero (Chief Comm Eng Off)
  • Compensation: $514,054
  • Related: $0
  • Other: $343,552

    • Benjamin Greiving (General Counsel)
  • Compensation: $429,643
  • Related: $0
  • Other: $333,224

    • Chris Myklebust (Chief Transformation Offic)
  • Compensation: $400,192
  • Related: $0
  • Other: $314,931

    • Sara Ott (Chief Retail Officer)
  • Compensation: $328,645
  • Related: $0
  • Other: $324,007

    • Steven Kitchen (Sr Comm Re Loan Off)
  • Compensation: $563,056
  • Related: $0
  • Other: $50,339

    • Scott Kline (Bus Serv Off)
  • Compensation: $494,496
  • Related: $0
  • Other: $47,223

    • Carlos Vazquez (Svp Ciso)
  • Compensation: $333,578
  • Related: $0
  • Other: $88,678

    • Ryan Klassen (Svp Consumer Lending)
  • Compensation: $330,791
  • Related: $0
  • Other: $90,043

    • Damian Jakubcyk (Vp Digital Innovation)
  • Compensation: $276,874
  • Related: $0
  • Other: $67,711

    • Tansley Stearns (C P&S Officer)
  • Compensation: $309,353
  • Related: $0
  • Other: $33,593

    • Tom Lash (Chairman) [Trustee/Director]
  • Compensation: $60,000
  • Related: $0
  • Other: $0

    • Rosalynn Feagins (Vice Chair) [Trustee/Director]
  • Compensation: $45,000
  • Related: $0
  • Other: $0

    • Tim Farrell (Director)
  • Compensation: $35,000
  • Related: $0
  • Other: $0

    • Scott Aaronson (Director)
  • Compensation: $35,000
  • Related: $0
  • Other: $0

    • Tim Reed (Director)
  • Compensation: $35,000
  • Related: $0
  • Other: $0

    • Josh Burchfield (Treasurer) [Trustee/Director]
  • Compensation: $35,000
  • Related: $0
  • Other: $0

    • Gary Jones (Director)
  • Compensation: $35,000
  • Related: $0
  • Other: $0

    • Jerome Davis (Secretary) [Trustee/Director]
  • Compensation: $35,000
  • Related: $0
  • Other: $0


  • Official website here: www.canvas.org

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

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


    Official website here: www.canvas.org

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

    Mission Statement of Canvas Credit Union

    Canvas Credit Union, a financial institution owned by approximately 298,000 members, is dedicated to helping individuals and families make informed financial decisions and grow stronger. By providing simple and relevant products and services at a consistently honest value, Canvas Credit Union aims to assist its members in affording life.

    The mission of Canvas Credit Union is multifaceted. It goes beyond just offering financial services; it's about empowering people to make better financial choices and build a stronger future. Canvas Credit Union's team is committed to ensuring that the financial tools and resources they provide are accessible, easy to understand, and truly beneficial to their members.

    The financial services offered by Canvas Credit Union include consumer lending, shared branching services, deposit and transactional services, mortgage lending, commercial lending, home banking, bill payment, and more. These services are designed to cater to the diverse financial needs of its members, enabling them to manage their money effectively and make the most of their resources. Ultimately, Canvas Credit Union's goal is to help its members thrive financially and lead fulfilling lives.

    Impact

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




    Thursday, August 15, 2024

    Canvas Credit Union's impact lies in its dedication to helping individuals and families make better financial decisions and grow stronger financially. By providing simple and relevant products and services at a consistently honest value, Canvas Credit Union serves approximately 298,000 members in Lone Tree, Colorado. The credit union offers a range of financial services including consumer lending, shared branching, deposit services, mortgage lending, commercial lending, home banking, bill payment, and more. Through its mission of empowering its members to afford life, Canvas Credit Union positively influences the financial well-being of its community and contributes to a stronger, more financially secure society.





    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: $9,476,816
  • Program Service Revenue: $224,044,894
  • Gross Receipts: $445,087,434

    • Assets and Liabilities:
  • Total Assets: $4,272,444,159
  • Total Liabilities: $3,863,265,517
  • Net Assets: $409,178,642
  • Programs

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

    INTEREST MEMBER LOANS

    Revenue

    $181,454,935

    PLASTICS INCOME

    Revenue

    $21,978,554

    FEES MEMBER SERVICE

    Revenue

    $15,380,233

    OTHER OPERATING INCOME

    Revenue

    $4,118,989

    SHARED BRANCH INCOME

    Revenue

    $1,112,183

    Organization Details

    Founding Year

    1938

    Principal Officer

    Darryl T Marksberry

    Main Address

    9990 PARK MEADOWS DRIVE, LONE TREE, CO, 80124

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Canvas 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.