Kitsap Credit Union

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

EIN: 910333066 ✦ Bremerton, WA ✦ Designated as a 501(c)(14)

Overview

What is Kitsap Credit Union?

Kitsap Credit Union is a not-for-profit financial cooperative based primarily in the state of Washington. With a team of 394 employees, they offer various financial services such as checking, savings, and lending programs to members who reside, work, or worship in the area. Their services encompass secured and unsecured loans, including vehicle loans, credit cards, home equity loans, solar loans, and mortgage loans. Kitsap Credit Union goes beyond banking by providing financial literacy programs and actively engaging in community outreach initiatives.


Official website here: www.kitsapcu.org

Is Kitsap Credit Union legitimate?

Kitsap Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Kitsap 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: $3,066,769
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,435,920

For more financial information, click here


Official website here: www.kitsapcu.org

What is the mission statement of Kitsap Credit Union?

Kitsap Credit Union is a not-for-profit financial cooperative that caters to individuals primarily residing, working, or worshiping in the state of Washington. Its mission is to provide members with various financial programs, including checking, savings, and lending services. Furthermore, the credit union offers financial literacy programs and actively participates in community outreach initiatives. In addition to issuing secured and unsecured loans to its members, the types of loans offered comprise vehicle loans, credit cards, home equity loans, solar loans, and mortgage loans, adhering to the exempt purpose of the credit union.


Official website here: www.kitsapcu.org

Who is the CEO of Kitsap Credit Union?

Shawn Gilfedder is the President/Ceo of Kitsap Credit Union. The CEO's salary of Kitsap Credit Union is $984,689 and their total compensation is $1,007,992.


Official website here: www.kitsapcu.org

What is the revenue of Kitsap Credit Union?

Kitsap Credit Union's revenue in 2022 was $104,047,497.


Official website here: www.kitsapcu.org

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

The average compensation at Kitsap Credit Union during 2022 was $57,113. There are 394 employees at Kitsap Credit Union.

Here are 20 key members and their salaries (Kitsap Credit Union's CEO's salary is $984,689 and their total compensation is $1,007,992):

    Shawn Gilfedder (President/Ceo)
  • Compensation: $984,689
  • Related: $0
  • Other: $23,303

    • James W Pyron (Svp Cmo)
  • Compensation: $444,880
  • Related: $0
  • Other: $15,403

    • Kellie D Letexier (Svp Coo)
  • Compensation: $402,881
  • Related: $0
  • Other: $17,384

    • Anthony G Bulleri (Svp Clo)
  • Compensation: $337,510
  • Related: $0
  • Other: $15,384

    • Scott Lindley (Svp Cio)
  • Compensation: $320,485
  • Related: $0
  • Other: $21,024

    • Trevor Stuart (Svp Cfo)
  • Compensation: $296,131
  • Related: $0
  • Other: $12,192

    • Mark Gault (Vp Strategic Planning)
  • Compensation: $190,976
  • Related: $0
  • Other: $14,276

    • Laura J Enquist (Vp Member Experience)
  • Compensation: $194,919
  • Related: $0
  • Other: $10,092

    • Jeremy Mandery (Vp Lending & Credit Admin)
  • Compensation: $180,887
  • Related: $0
  • Other: $9,031

    • John P Barry (Vp, Real Estate Lending)
  • Compensation: $173,123
  • Related: $0
  • Other: $15,705

    • Carmina Drummer (Vp, Indirect Lending)
  • Compensation: $175,626
  • Related: $0
  • Other: $11,043

    • Tony Bolander (Chair) [Trustee/Director]
  • Compensation: $20,000
  • Related: $0
  • Other: $0

    • Wendie Johnson (Vice Chair) [Trustee/Director]
  • Compensation: $20,000
  • Related: $0
  • Other: $0

    • Jim Rowson (Treasurer) [Trustee/Director]
  • Compensation: $20,000
  • Related: $0
  • Other: $0

    • Susan Baker (Director)
  • Compensation: $20,000
  • Related: $0
  • Other: $0

    • Susan Siobhan Canty (Director)
  • Compensation: $20,000
  • Related: $0
  • Other: $0

    • Vicki Gambrell (Secretary) [Trustee/Director]
  • Compensation: $15,000
  • Related: $0
  • Other: $0

    • Karen Holmes (Director)
  • Compensation: $15,000
  • Related: $0
  • Other: $0

    • Craig Olson (Director)
  • Compensation: $15,000
  • Related: $0
  • Other: $0

    • Mike Goonewardene (Director)
  • Compensation: $15,000
  • Related: $0
  • Other: $0


  • Official website here: www.kitsapcu.org

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

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


    Official website here: www.kitsapcu.org

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

    Mission Statement of Kitsap Credit Union

    Kitsap Credit Union, a not-for-profit financial cooperative, aims to provide essential financial services to its members who primarily reside, work, or worship in the state of Washington. The mission of this organization extends beyond basic banking, as it also offers financial literacy programs and actively engages in community outreach initiatives.

    Kitsap Credit Union's primary function is to offer members checking, savings, and lending programs tailored to their specific financial needs. Members can benefit from a range of loan options, including direct and indirect vehicle loans, Visas, home equity loans, solar loans, and mortgage loans. By issuing these loans, Kitsap Credit Union supports its members in various aspects of their financial lives, aligning with its mission to provide valuable financial services.

    In addition to its financial offerings, Kitsap Credit Union is deeply committed to fostering financial literacy among its members. Through educational programs, the organization empowers individuals to make informed decisions about their money and improve their overall financial well-being. Furthermore, the credit union is actively involved in community outreach programs, demonstrating its dedication to enhancing the lives of its members and contributing to the betterment of the communities it serves.

    Impact

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




    Thursday, August 15, 2024

    Kitsap Credit Union positively impacts the community by providing essential financial services such as checking, savings, and lending programs to its members in Washington State. Through its financial literacy programs and active involvement in community outreach, Kitsap Credit Union empowers individuals to make informed financial decisions and supports the local community's economic well-being. Additionally, by issuing secured and unsecured loans to its members, including vehicle loans, home equity loans, solar loans, and mortgage loans, Kitsap Credit Union helps individuals achieve their financial goals and contributes to the overall financial stability of the 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: $11,583,487
  • Program Service Revenue: $92,464,010
  • Gross Receipts: $104,064,944

    • Assets and Liabilities:
  • Total Assets: $2,255,075,377
  • Total Liabilities: $2,136,210,327
  • Net Assets: $118,865,050
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $68,862,382

    INTERCHANGE INCOME

    Revenue

    $12,330,955

    FEE INCOME

    Revenue

    $9,466,737

    OTHER INCOME

    Revenue

    $1,803,936

    Organization Details

    Founding Year

    1934

    Principal Officer

    Shawn Gilfedder

    Main Address

    PO BOX 990, BREMERTON, WA, 98337

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Kitsap 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.