Global Credit Union

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

EIN: 910620799 ✦ Spokane, WA ✦ Designated as a 501(c)(14)

Overview

What is Global Credit Union?

Global Credit Union is a non-profit financial institution based in Spokane, Washington, serving a membership of 46,323 individuals. Established without the intention of generating profit, the organization offers various financial services, including real estate and consumer loans, checking and savings programs, and credit card services. Their mission revolves around mutual aid and cooperation among their members. With a team of 177 employees, Global Credit Union aims to make a difference in the financial lives of its members.


Official website here: www.globalcu.org

Is Global Credit Union legitimate?

Global Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Global 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: $1,633,724
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,019,786

For more financial information, click here


Official website here: www.globalcu.org

What is the mission statement of Global Credit Union?

The Global Credit Union operates as a not-for-profit financial institution, serving the needs of its 46,323 members. Its mission is geared towards providing a range of financial services, encompassing real estate and consumer loans, checking and savings programs, and credit card services. This cooperative venture exists to foster mutual benefits for its members, rather than generating profits for external stakeholders.


Official website here: www.globalcu.org

Who is the CEO of Global Credit Union?

Jack Fallis is the Principal Officer of Global Credit Union. The CEO's salary of Global Credit Union is $809,832 and their total compensation is $842,719.


Official website here: www.globalcu.org

What is the revenue of Global Credit Union?

Global Credit Union's revenue in 2022 was $12,582,433.


Official website here: www.globalcu.org

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

The average compensation at Global Credit Union during 2022 was $37,590. There are 177 employees and 10 volunteers at Global Credit Union.

Here are 14 key members and their salaries (Global Credit Union's CEO's salary is $809,832 and their total compensation is $842,719):

    Jack L Fallis Jr (President/Ceo/Treasurer) [Trustee/Director]
  • Compensation: $809,832
  • Related: $0
  • Other: $32,887

    • Mary Starkey (Evp/Chief Operating Officer)
  • Compensation: $231,595
  • Related: $0
  • Other: $12,694

    • Charles T Cassels (Vp/Chief Financial Officer)
  • Compensation: $200,942
  • Related: $0
  • Other: $11,336

    • Kim Shill (Vp/Chief Lending Officer)
  • Compensation: $167,155
  • Related: $0
  • Other: $10,355

    • David Cummings (Vp/Chief Information Officer)
  • Compensation: $146,830
  • Related: $0
  • Other: $10,101

    • Kay Keyser (Real Estate Lending Manage)
  • Compensation: $143,816
  • Related: $0
  • Other: $11,588

    • Yvonne Holland (Vp Of Branch Operations)
  • Compensation: $124,209
  • Related: $0
  • Other: $9,277

    • Abigail Franklin (Vp/Chief Marketing/Strategy Officer)
  • Compensation: $123,801
  • Related: $0
  • Other: $7,044

    • Thomas A Pauley (Board Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harold Westbrook (Board Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marc Hughes (Board Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jose M Tortorelli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rona Ritchie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Millard Busch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.globalcu.org

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

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


    Official website here: www.globalcu.org

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

    Mission Statement of Global Credit Union

    Global Credit Union, a not-for-profit organization, is dedicated to serving its 46,323 members by providing them with a range of financial services. The credit union operates on the principle of mutuality, with the primary goal of putting its members' needs before profits.

    The financial offerings of Global Credit Union include real estate and various secured and unsecured consumer loans, checking and savings programs, and credit card services. These services cater to the diverse financial needs of its members, enabling them to make informed choices and manage their funds effectively. By offering these financial solutions, Global Credit Union aims to help its members achieve their financial goals and improve their financial well-being.

    By operating under the mission of being a credit union without profit, Global Credit Union fosters a community-driven focus, ensuring that its members come first. This commitment to its members is fundamental to the organization's identity, making it an essential resource for individuals seeking financial assistance and guidance.

    Impact

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




    Thursday, August 15, 2024

    Global Credit Union has a significant impact on the community by providing essential financial services to over 46,000 members in Spokane, WA. These services include real estate and consumer loans, checking and savings programs, as well as credit card services. By offering these services without profit motives, Global Credit Union plays a vital role in supporting the financial well-being of its members and contributing to the local economy.





    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: $-4,893,316
  • Program Service Revenue: $17,482,479
  • Gross Receipts: $50,857,174

    • Assets and Liabilities:
  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0
  • Programs

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

    LOAN INTEREST

    Revenue

    $12,783,447

    VISA/DEBIT CARD INCOME

    Revenue

    $2,173,366

    OTHER INCOME

    Revenue

    $1,344,602

    FEE INCOME

    Revenue

    $1,181,064

    Organization Details

    Founding Year

    1954

    Principal Officer

    Jack Fallis

    Main Address

    1500 W FOURTH AVENUE, SPOKANE, WA, 99201

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Global 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.