Overview
What is Credit Unions Chartered In The State Of Utah?
Credit Unions Chartered in the State of Utah, also known as Utah Power Credit Union, is a nonprofit financial cooperative based in Salt Lake City, Utah. With a team of 80 employees, this credit union caters to PacifiCorp, Union Pacific/Southern Pacific Railroad, Utah Railway, Deseret Power, Intermountain Consumer Power Association, Utah Associated Municipal Power Systems, Intermountain Power Agency, Utah Rural Electric Association, and their family members. Members' deposited funds are loaned to other members and invested. The interest earned from these transactions enables the credit union to offer low loan rates and high savings rates to its members. Profits, primarily in the form of dividends, are returned to the members.
Official website here: www.utahpowercu.org
Is Credit Unions Chartered In The State Of Utah legitimate?
Credit Unions Chartered In The State Of Utah is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions Chartered In The State Of Utah 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: $1,157,489
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,645,755
For more financial information, click here
Official website here: www.utahpowercu.org
What is the mission statement of Credit Unions Chartered In The State Of Utah?
Credit Unions Chartered In The State Of Utah operates on a cooperative, not-for-profit basis, providing financial services to its members. A significant portion of the profits earned is redistributed to members in the form of dividends or interest. The credit union caters to PacifiCorp employees, Utah Railway company employees, Deseret Power employees, and their families, along with associated organizations. Members' deposited funds are lent out to other members, and the income generated from loan and investment interest enables the provision of affordable loans and attractive savings rates. The remaining profits are set aside as required reserves.
Official website here: www.utahpowercu.org
Who is the CEO of Credit Unions Chartered In The State Of Utah?
Ryan Pollick is the President/Ceo of Credit Unions Chartered In The State Of Utah. The CEO's salary of Credit Unions Chartered In The State Of Utah is $247,523 and their total compensation is $247,523.
Official website here: www.utahpowercu.org
What is the revenue of Credit Unions Chartered In The State Of Utah?
Credit Unions Chartered In The State Of Utah's revenue in 2022 was $26,619,729.
Official website here: www.utahpowercu.org
Who are the executives of Credit Unions Chartered In The State Of Utah and what are their salaries?
The average compensation at Credit Unions Chartered In The State Of Utah during 2022 was $47,541. There are 80 employees and 16 volunteers at Credit Unions Chartered In The State Of Utah.
Here are 13 key members and their salaries (Credit Unions Chartered In The State Of Utah's CEO's salary is $247,523 and their total compensation is $247,523):
- Ryan Pollick (President/Ceo)
- Chris Brems (Svp Technology & Strategy)
- Russell K Johnson (Board Chairman) [Trustee/Director]
- Stephen A Hastings (Board Vice-Chairman) [Trustee/Director]
- Esther Giezendanner (Board Secretary) [Trustee/Director]
- Jason Beane (Board Member) [Trustee/Director]
- Bruce Larsen (Board Member) [Trustee/Director]
- Chris Spencer (Board Member) [Trustee/Director]
- Jason Moffat (Board Member) [Trustee/Director]
- Larry A Ellertson (Board Member) [Trustee/Director]
- Cindy Nagasawa-Cruz (Board Member) [Trustee/Director]
- Joe Juliano (Alternate Board Member) [Trustee/Director]
- Susan Simkins (Alternate Board Member) [Trustee/Director]
Official website here: www.utahpowercu.org
Where can I find the form 990 for Credit Unions Chartered In The State Of Utah?
The Credit Unions Chartered In The State Of Utah’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.utahpowercu.org
Learn more at the official website: www.utahpowercu.org
Mission Statement of Credit Unions Chartered In The State Of Utah
Credit Unions Chartered In Utah is a not-for-profit financial cooperative dedicated to serving its members. The organization's primary goal is to provide financial services on a cooperative basis, with profits primarily returned to members as dividends or interest.
As a credit union, Credit Unions Chartered In Utah distinguishes itself by putting its members at the forefront of its operations. Members' deposited funds are loaned out to other members, generating income through loan and investment interest. This income enables the credit union to offer competitive loan rates and attractive savings rates to its members. The surplus income is then distributed back to members in the form of dividends, with any remaining profits set aside as required reserves.
In essence, Credit Unions Chartered In Utah functions as a collective financial institution, where members pool their resources to access various financial services and benefit from the collective profits. By focusing on its members' needs and returning a majority of its earnings, the credit union fosters a sense of community and financial empowerment among its members.
Impact
This information is meant to be a general summary of Credit Unions Chartered In The State Of Utah. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Credit Unions Chartered In The State Of Utah impact the community by providing financial services to members on a cooperative basis, returning profits primarily as dividends or interest. They serve specific employee groups and related organizations, facilitating the circulation of money among members through loans and investments. This structure allows for low loan rates and high savings rates for members, ultimately benefitting the community through financial empowerment and stability.
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.
Interest on Loans to Members
Revenue
$14,360,715
Organization Details
Founding Year
1935
Phone
(801) 708-8900
Principal Officer
Ryan Pollick
Main Address
957 East 6600 South, Salt Lake City, UT, 84121
Website
www.utahpowercu.org
NTEE Category
Code: W60 - Public benefit
If you are a representative of Credit Unions Chartered In The State Of Utah 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.