Overview
What is Salal Credit Union?
Salal Credit Union is a state-chartered, non-profit cooperative based in Seattle, Washington. With a mission to promote savings and provide credit at fair and reasonable rates, it serves over 57,000 members. The organization, which employs 307 people, aims to eliminate financial barriers for individuals in the Greater Puget Sound community, enabling them to reach their full potential. Salal Credit Union offers a range of financial services to its members, currently catering to 57,052 individuals, while there's potential to serve a much larger population of approximately 6.7 million.
Official website here: www.salalcu.org
Is Salal Credit Union legitimate?
Salal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Salal 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: $5,563,513
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,406,499
For more financial information, click here
Official website here: www.salalcu.org
What is the mission statement of Salal Credit Union?
Salal Credit Union strives to eliminate financial barriers, enabling everyday visionaries to unlock their full potential. As a non-profit cooperative, it provides its members with various financial services aimed at promoting savings and offering credit at fair and reasonable rates. With a membership base of 57,052, the credit union has the potential to serve approximately 6.7 million individuals within the greater community. In essence, Salal Credit Union empowers its members to overcome financial obstacles, enabling them to reach their financial goals and live up to their fullest potential.
Official website here: www.salalcu.org
Who is the CEO of Salal Credit Union?
Russell E Rosendal is the Board Chair of Salal Credit Union. The CEO's salary of Salal Credit Union is $1,014,128 and their total compensation is $1,618,079.
Official website here: www.salalcu.org
What is the revenue of Salal Credit Union?
Who are the executives of Salal Credit Union and what are their salaries?
The average compensation at Salal Credit Union during 2022 was $74,821. There are 307 employees and 18 volunteers at Salal Credit Union.
Here are 33 key members and their salaries (Salal Credit Union's CEO's salary is $1,014,128 and their total compensation is $1,618,079):
- Russell E Rosendal (President/Ceo)
- Robert W Schweigert (Svp - Chief Lending Office)
- Randy William Cloes (Svp - Cfo)
- James A Millsap (Dealer Direct Account Manager)
- Troy-Skott Pope (Svp - Chief Digital & Strategy Officer)
- Juliette Andoh (Vp - Risk & Compliance (Thru 11/22))
- Judy Loveless-Morris (Svp - Chief Diversity & People)
- Megan Desilva (Dealer Direct Sales Manager)
- Brett Ballman (Vp - Director Of Business Banking)
- Vincent N Punteney (Vp - Consumer Lending)
- Kari Stenslie (Vp - Controller)
- Christian Grunert (Vp - Information Technology)
- Samantha Harbert (Vp - Home Lending & Retail Banking)
- Kevin Knowles (Vp - Credit Administration)
- Matthew W Vance (Vp - Marketing & Prod. Development)
- Michael C Bishop (Vp - Retail)
- Keith Price (Senior Business Intelligence Manager)
- Andrew Scott Haeg (Vp - Operations)
- Sylvia Pope (Vp - Program Management)
- Matthew Heitland (It Strategy & Innovation Sm)
- Eileen Magnusson (Vp - Director Human Resources)
- Angela Raham (Senior Manager Of Business Banking)
- Brian Luong (Board Chair) [Trustee/Director]
- Alan Lederman (Vice Chair) [Trustee/Director]
- Joe Lepla (Secretary) [Trustee/Director]
- Ali Seals (Board Member) [Trustee/Director]
- Dick Woo (Board Member) [Trustee/Director]
- Catherine Bailey (Board Member) [Trustee/Director]
- Sophie Brougham (Board Member) [Trustee/Director]
- Nishat Akhter (Board Member) [Trustee/Director]
- John Zielonka (Board Member) [Trustee/Director]
- Quynh Nguyen (Board Member) [Trustee/Director]
- Annette Murphy (Board Member (Thru 03/22)) [Trustee/Director]
Official website here: www.salalcu.org
Where can I find the form 990 for Salal Credit Union?
The Salal Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.salalcu.org
Learn more at the official website: www.salalcu.org
Mission Statement of Salal Credit Union
Salal Credit Union, a state-chartered non-profit cooperative, strives to eliminate financial barriers for everyday visionaries in their community, enabling them to reach their full potential. The mission of Salal Credit Union is grounded in the belief that financial obstacles should not hinder individuals from achieving their goals.
Through its array of financial services, Salal Credit Union empowers its members to save and access credit at reasonable rates of interest. With a current membership base of 57,052 individuals, the credit union recognizes the vast potential for expansion, serving approximately 6.7 million people within the greater Puget Sound community. By providing these essential financial services, Salal Credit Union contributes to the growth and prosperity of its members, ultimately fostering a stronger, more financially resilient community.
Impact
This information is meant to be a general summary of Salal Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Salal Credit Union plays a significant role in eliminating financial obstacles for everyday visionaries, enabling them to realize their full potential. Through its state-chartered nonprofit cooperative structure, Salal Credit Union offers a range of financial services aimed at promoting saving and providing credit at fair and reasonable interest rates. Currently serving over 57,000 members, Salal Credit Union has the potential to reach approximately 6.7 million individuals in the greater Puget Sound community. By living out its mission to eliminate financial barriers, Salal Credit Union is making a tangible impact on the lives of its members, empowering them to achieve their financial goals and aspirations.
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 MEMBER LOANS
Revenue
$39,935,146
SERVICE CHARGES & FEE INCOME
Revenue
$14,166,789
NET GAINS ON SALES OF LOANS
Revenue
$3,470,991
OTHER NON-INTEREST INCOME
Revenue
$547,732
Organization Details
Founding Year
1948
Phone
(206) 298-9394
Principal Officer
Russell E Rosendal
Main Address
9706 4TH AVENUE NE 400, SEATTLE, WA, 98115
Website
www.salalcu.org
NTEE Category
Code: W60 - Public benefit
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