Horizon Credit Union

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

EIN: 910567788 ✦ Spokane valley, WA ✦ Designated as a 501(c)(14)

Overview

What is Horizon Credit Union?

Horizon Credit Union is a nonprofit financial institution based in Spokane Valley, Washington. With approximately 113,000 members, they offer a range of services including loans and savings programs. Operating on a mutual purpose basis and without profit, Horizon Credit Union is dedicated to serving its community. Their efforts are supported by around 410 full-time paid employees and 11 volunteers.


Official website here: www.hzcu.org

Is Horizon Credit Union legitimate?

Horizon Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Horizon 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: $2,604,890
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,505,396

For more financial information, click here


Official website here: www.hzcu.org

What is the mission statement of Horizon Credit Union?

Horizon Credit Union is a not-for-profit financial institution dedicated to serving its approximately 113,000 members. Its mission resonates with the cooperative principle of mutuality, as it exists to provide financial services rather than generate profits. This credit union offers a range of financial products and services, which include loans and savings programs. The organization is staffed by a team of volunteers and full-time employees, numbering around 410, who work together to deliver these services. The commitment of these individuals, both paid and unpaid, ensures that members receive personalized attention and support in managing their finances.


Official website here: www.hzcu.org

Who is the CEO of Horizon Credit Union?

Jeff Adams is the Ceo of Horizon Credit Union. The CEO's salary of Horizon Credit Union is $827,231 and their total compensation is $1,610,133.


Official website here: www.hzcu.org

What is the revenue of Horizon Credit Union?

Horizon Credit Union's revenue in 2022 was $83,502,229.


Official website here: www.hzcu.org

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

The average compensation at Horizon Credit Union during 2022 was $44,920. There are 559 employees and 12 volunteers at Horizon Credit Union.

Here are 16 key members and their salaries (Horizon Credit Union's CEO's salary is $827,231 and their total compensation is $1,610,133):

    Jeff Adams (Ceo)
  • Compensation: $827,231
  • Related: $0
  • Other: $782,902

    • Deborah Parelius (Cfo)
  • Compensation: $446,953
  • Related: $0
  • Other: $51,952

    • Mark Neumann (Coo)
  • Compensation: $452,268
  • Related: $0
  • Other: $43,582

    • Greg Crary (Senior Vp, Information Services)
  • Compensation: $309,666
  • Related: $0
  • Other: $51,773

    • Jodie Olson (Senior Vp, Human Resources)
  • Compensation: $317,108
  • Related: $0
  • Other: $39,600

    • Brian Grytdal (Senior Vp, Marketing)
  • Compensation: $301,025
  • Related: $0
  • Other: $36,591

    • John Cotner (Vp, Lending)
  • Compensation: $196,365
  • Related: $0
  • Other: $34,725

    • Stefanie Robinson (Vp, Marketing)
  • Compensation: $180,910
  • Related: $0
  • Other: $24,171

    • Steve Sharon (Chairman Of Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Butler (1St Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Ripley (1St Vice Chairman (Thru 01/22)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Lodine (2Nd Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pat Fitzgerald (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Darin Burrell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Diluzio (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pat Marler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.hzcu.org

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

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


    Official website here: www.hzcu.org

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

    Mission Statement of Horizon Credit Union

    Horizon Credit Union, a not-for-profit financial institution, is dedicated to delivering essential financial services to approximately 113,000 members, all with a mutual purpose in mind. Established on the principle of putting profits back into the community rather than distributing them among shareholders, this credit union proudly operates without an aim for personal gain.

    Horizon Credit Union's team, consisting of at least 11 committed volunteers and 410 full-time employees, works diligently to provide a range of financial services. These offerings extend beyond the typical loans and savings programs, ensuring that members have diverse options to meet their financial needs. The cooperative spirit of Horizon Credit Union is evident in its unwavering commitment to serving its members with dedication and expertise.

    Impact

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




    Thursday, August 15, 2024

    Horizon Credit Union's impact is significant as it provides financial services to approximately 113,000 members. These services, including loans and savings programs, are crucial in helping individuals and families manage their finances effectively. With a team of at least 11 non-paid volunteers and around 410 full-time paid employees, Horizon Credit Union plays a critical role in supporting the financial well-being of its members in Spokane Valley, WA. By operating without profit for mutual purposes, Horizon Credit Union exemplifies a commitment to the public benefit and the community it serves.





    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: $4,119,502
  • Program Service Revenue: $79,355,427
  • Gross Receipts: $85,732,006

    • Assets and Liabilities:
  • Total Assets: $2,076,980,376
  • Total Liabilities: $1,839,227,205
  • Net Assets: $237,753,171
  • Programs

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

    MEMBER INTEREST

    Revenue

    $65,973,221

    CARD INCOME

    Revenue

    $6,502,337

    FEES INCOME

    Revenue

    $6,121,105

    OTHER INCOME

    Revenue

    $758,764

    Organization Details

    Founding Year

    1947

    Principal Officer

    Jeff Adams

    Main Address

    PO BOX 15128, SPOKANE VALLEY, WA, 99216

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Horizon 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.