Overview
What is Seattle Metropolitan Credit Union?
Seattle Metropolitan Credit Union, also known as SMCU, is a cooperative nonprofit organization that has been serving its members in the Seattle metropolitan area since 1933. The credit union has been advocating for its members by offering member-centric financial services and financial literacy education at low or no cost. Its mission is to promote thrift among its members, serve the underserved, and provide financial services with reasonable interest rates for provident, productive, and educational purposes. With a team of 242 employees, SMCU has been a reliable source of credit for its members in Washington state.
Official website here: www.seattlecu.com
Is Seattle Metropolitan Credit Union legitimate?
Seattle Metropolitan Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Seattle Metropolitan 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: $3,193,070
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,997,442
For more financial information, click here
Official website here: www.seattlecu.com
What is the mission statement of Seattle Metropolitan Credit Union?
Seattle Metropolitan Credit Union was established with a mission to encourage savings among its members and serve the underserved in the metropolitan area. The credit union provides financial services and acts as a legitimate source of credit for its members for provident, productive, and educational purposes, all at reasonable interest rates. Since its inception in 1933, SMCU has been an advocate for its members, delivering member-centric financial services and financial literacy education at no extra cost.
Official website here: www.seattlecu.com
Who is the CEO of Seattle Metropolitan Credit Union?
Forest Hayes is the President And Ceo of Seattle Metropolitan Credit Union. The CEO's salary of Seattle Metropolitan Credit Union is $665,858 and their total compensation is $841,678.
Official website here: www.seattlecu.com
What is the revenue of Seattle Metropolitan Credit Union?
Seattle Metropolitan Credit Union's revenue in 2022 was $48,414,512.
Official website here: www.seattlecu.com
Who are the executives of Seattle Metropolitan Credit Union and what are their salaries?
The average compensation at Seattle Metropolitan Credit Union during 2022 was $58,638. There are 242 employees and 10 volunteers at Seattle Metropolitan Credit Union.
Here are 24 key members and their salaries (Seattle Metropolitan Credit Union's CEO's salary is $665,858 and their total compensation is $841,678):
- Richard Romero (President And Ceo)
- Wallace Ho (Svp Commercial Lending)
- Pamela Fuentes (Vp Loan Documentation And Operations Manager)
- Lee Pierce (Chief Lending Officer)
- Mele Miller (Chief Operating Officer)
- Brent Richins (Svp Service Operations (Thru 8/22))
- Dachelle Pand (Vp Senior Credit Officer A)
- Kelly Earnest (Chief People Officer)
- Donna Ransier (Vp Information Technology)
- Francisco Elizondo-Alcala (External Mortgage Loan Officer)
- Khamsay Vongchantha (Vp Of Risk Management)
- David Means (Chief Information Officer)
- Jenefeness Tucker (Vp Community Relations (Thru 10/22))
- Mahlon Mccaleb (Chief Financial Officer)
- Carlos Ruiz (Board Chair) [Trustee/Director]
- Robin Shuler (Vice Chair) [Trustee/Director]
- Rebecca Kerr (Board Secretary) [Trustee/Director]
- Shahzad Qadri (Board Treasurer) [Trustee/Director]
- Deanna Clark (Board Member) [Trustee/Director]
- Jonelle Johnson (Board Member) [Trustee/Director]
- Jordan Grant (Board Member) [Trustee/Director]
- Joe Davila (Board Member) [Trustee/Director]
- Nelson Reyneri (Board Member) [Trustee/Director]
- Robin Harmon (Board Member (Thru 3/22)) [Trustee/Director]
Official website here: www.seattlecu.com
Where can I find the form 990 for Seattle Metropolitan Credit Union?
The Seattle Metropolitan Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.seattlecu.com
Learn more at the official website: www.seattlecu.com
Mission Statement of Seattle Metropolitan Credit Union
Seattle Metropolitan Credit Union (SMCU), established in 1933, is a cooperative with a mission to encourage savings among its members and serve the underserved in the Seattle metropolitan area. By providing financial services and creating a source of credit for its members at reasonable rates, SMCU aims to support their provident, productive, and educational pursuits.
SMCU's commitment to its members extends beyond basic financial services. It has positioned itself as an advocate, offering member-centric financial solutions and financial literacy education at minimal or no cost. For over 89 years, SMCU has been dedicated to promoting thrift and saving amongst its community, fostering a culture of financial responsibility and stability.
In striving to meet the diverse needs of its members, SMCU has considered itself more than just a financial institution. It is a trusted partner, working diligently to ensure its members have access to the financial tools and resources they need to succeed in their personal and professional lives. SMCU's mission is not only about saving and borrowing, but also about empowering individuals to make informed financial decisions and improve their overall financial wellbeing.
Impact
This information is meant to be a general summary of Seattle Metropolitan Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Seattle Metropolitan Credit Union's impact is substantial in promoting thrift and savings among its members in the Seattle metropolitan area. Since 1933, Seattle Metropolitan Credit Union has been a cooperative organization dedicated to providing member-centric financial services and financial literacy education at low or no cost. By serving the underserved in the community and offering legitimate rates of interest for provident, productive, and educational purposes, Seattle Metropolitan Credit Union plays a vital role in supporting the financial well-being of its members and the local community.
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.
LOAN INTEREST INCOME
Revenue
$32,743,494
INTERCHANGE INCOME
Revenue
$4,694,071
FEES AND CHARGES
Revenue
$3,876,490
OTHER REVENUE
Revenue
$1,982,515
NET GAIN ON LOANS
Revenue
$367,038
Organization Details
Founding Year
1933
Phone
(206) 398-5561
Principal Officer
Forest Hayes
Main Address
1521 FIRST AVE SOUTH 500, SEATTLE, WA, 98134
Website
www.seattlecu.com
NTEE Category
Code: W60 - Public benefit
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