Boulder Dam Credit Union

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

EIN: 880059939 ✦ Boulder city, NV ✦ Designated as a 501(c)(14)

Overview

What is Boulder Dam Credit Union?

Boulder Dam Credit Union is a member-focused financial institution based in Boulder City, Nevada. With two primary objectives, the credit union offers competitive credit services to its members and helps them build their futures. They provide various types of loans, including real estate, auto, boat, RV, signature, and Visa loans. As of December 31, 2022, the credit union had approximately 2,630 loans totaling around $224 million and 2,362 Visa cards with a balance of about $1.943 million. The mission of Boulder Dam Credit Union is to assist its members in achieving their financial goals and realizing their dreams through share and loan accounts and other financial services. The organization comprises a team of 53 dedicated professionals.


Official website here: www.boulderdamcu.org

Is Boulder Dam Credit Union legitimate?

Boulder Dam Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Boulder Dam 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: $914,405
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,595,834

For more financial information, click here


Official website here: www.boulderdamcu.org

What is the mission statement of Boulder Dam Credit Union?

The Boulder Dam Credit Union is dedicated to assisting individuals in building their futures and realizing their dreams. They accomplish this by offering share and loan accounts, as well as various financial services. A primary focus of the credit union is to provide competitive rate credits to its members. This includes loans for real estate, automobiles, boats, RVs, and signature and Visa cards. As of the end of 2022, the credit union had approximately 2,630 loans with a balance of around $224 million and 2,362 Visa cards with a balance of approximately $1.943 million. Through these financial offerings, the credit union plays a crucial role in helping its members achieve their financial goals.


Official website here: www.boulderdamcu.org

Who is the CEO of Boulder Dam Credit Union?

Eric D Estes is the Principal Officer of Boulder Dam Credit Union. The CEO's salary of Boulder Dam Credit Union is $441,504 and their total compensation is $537,212.


Official website here: www.boulderdamcu.org

What is the revenue of Boulder Dam Credit Union?

Boulder Dam Credit Union's revenue in 2022 was $23,391,791.


Official website here: www.boulderdamcu.org

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

The average compensation at Boulder Dam Credit Union during 2022 was $85,099. There are 53 employees and 9 volunteers at Boulder Dam Credit Union.

Here are 15 key members and their salaries (Boulder Dam Credit Union's CEO's salary is $441,504 and their total compensation is $537,212):

    Eric Estes (President / Ceo)
  • Compensation: $441,504
  • Related: $0
  • Other: $95,708

    • Steele Hendrix (Evp)
  • Compensation: $276,500
  • Related: $0
  • Other: $100,693

    • Mary Beth Clift (Teller Supervisor)
  • Compensation: $164,922
  • Related: $0
  • Other: $44,298

    • Teri Simmons (Card Services Coordinator)
  • Compensation: $151,452
  • Related: $0
  • Other: $45,731

    • Barbara Bennett (Loan Supervisor)
  • Compensation: $139,555
  • Related: $0
  • Other: $47,933

    • Kyle Johnson (Risk Management Coordinator)
  • Compensation: $119,944
  • Related: $0
  • Other: $49,516

    • Jaron Singleton (Accounting Coordinator)
  • Compensation: $123,896
  • Related: $0
  • Other: $40,297

    • Cyndy Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Helena Broadbent (Former Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank Disanza (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charmaine Ferrari (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Tina Mullis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Scheppmann (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terry Stevens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.boulderdamcu.org

    Where can I find the form 990 for Boulder Dam Credit Union?

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


    Official website here: www.boulderdamcu.org

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

    Mission Statement of Boulder Dam Credit Union

    Boulder Dam Credit Union, a people-focused financial institution, is dedicated to helping its members build their futures and realize their dreams. The organization's primary mission revolves around extending credit to eligible members at competitive rates. Boulder Dam Credit Union offers various loan options, including real estate, auto, boat, RV, signature, and Visa loans. As of December 31, 2022, the credit union boasted a substantial loan portfolio, with approximately $224 million in loans and $1.943 million in Visa card balances. By providing these financial services, Boulder Dam Credit Union empowers its members to make significant strides towards their goals and aspirations.

    Impact

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




    Thursday, August 15, 2024

    Boulder Dam Credit Union's impact can be seen through its commitment to helping members build their futures and realize their dreams. By providing share and loan accounts as well as other financial services, the credit union plays a vital role in supporting its community. With a focus on offering credit to members at competitive rates, Boulder Dam Credit Union has facilitated numerous real estate, auto, boat, RV, and signature loans, empowering individuals to achieve their financial goals. As of 12/31/2022, the credit union managed 2,630 loans totaling approximately $224 million, along with 2,362 Visa cards with a balance of around $1.943 million. Through its dedication to serving the public benefit, Boulder Dam Credit Union continues to make a positive impact on the lives of its members and the community as a whole.





    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: $10,599,563
  • Program Service Revenue: $12,350,288
  • Gross Receipts: $24,897,762

    • Assets and Liabilities:
  • Total Assets: $835,531,285
  • Total Liabilities: $760,437,757
  • Net Assets: $75,093,528
  • Programs

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

    LOAN INTEREST

    Revenue

    $10,158,390

    SERVICE CHARGES & OTHER FEES

    Revenue

    $1,191,898

    PROVISION FOR LOAN LOSSES

    Revenue

    $1,000,000

    Organization Details

    Founding Year

    1940

    Principal Officer

    Eric D Estes

    Main Address

    PO BOX 61530, BOULDER CITY, NV, 890061530

    NTEE Category

    Code: W60 - Public benefit

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