Solarity Credit Union

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

EIN: 916049071 ✦ Yakima, WA ✦ Designated as a 501(c)(14)

Overview

What is Solarity Credit Union?

Solarity Credit Union is a nonprofit financial institution based in Yakima, Washington, with over 55,000 members. They provide a comprehensive range of financial services, encompassing real estate and secured consumer loans, checking and savings programs, and credit card services. Their mission is dedicated to serving their members' financial needs effectively. With a team of 231 employees, Solarity Credit Union aims to support and empower its members to manage their finances and improve their financial well-being.


Official website here: www.solaritycu.org

Is Solarity Credit Union legitimate?

Solarity Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Solarity 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: $2,703,787
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,135,128

For more financial information, click here


Official website here: www.solaritycu.org

What is the mission statement of Solarity Credit Union?

Solarity Credit Union is dedicated to offering financial services to its members. Their mission encompasses providing various types of loans, such as real estate and consumer loans, both secured and unsecured. In addition to loan services, they offer checking and savings programs, and credit card services. Solidity Credit Union aims to cater to the financial needs of over 55,000 members, ensuring they have access to essential financial products and services.


Official website here: www.solaritycu.org

Who is the CEO of Solarity Credit Union?

Mina Worthington is the Chairman of Solarity Credit Union. The CEO's salary of Solarity Credit Union is $650,611 and their total compensation is $697,194.


Official website here: www.solaritycu.org

What is the revenue of Solarity Credit Union?

Solarity Credit Union's revenue in 2022 was $37,492,619.


Official website here: www.solaritycu.org

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

The average compensation at Solarity Credit Union during 2022 was $51,251. There are 231 employees and 10 volunteers at Solarity Credit Union.

Here are 22 key members and their salaries (Solarity Credit Union's CEO's salary is $650,611 and their total compensation is $697,194):

    Mina Worthington (President/Ceo)
  • Compensation: $650,611
  • Related: $0
  • Other: $46,583

    • Carrie Gabbard (Chief Operating Officer)
  • Compensation: $308,476
  • Related: $0
  • Other: $45,683

    • Ralph Cumbee (Chief Communications Officer)
  • Compensation: $305,073
  • Related: $0
  • Other: $36,501

    • Steven Brown (Chief Lending Officer)
  • Compensation: $269,542
  • Related: $0
  • Other: $45,446

    • Debbie Ingle (Vp Of Home Loan Production)
  • Compensation: $251,713
  • Related: $0
  • Other: $43,894

    • Steve Shead (Chief Information Officer)
  • Compensation: $269,884
  • Related: $0
  • Other: $20,808

    • David Eldred (Chief Experience Officer)
  • Compensation: $247,625
  • Related: $0
  • Other: $33,926

    • Valentin Villa (Mortgage Loan Officer)
  • Compensation: $246,683
  • Related: $0
  • Other: $24,534

    • Paul Garrigues (Chief Financial Officer (Until 3/22))
  • Compensation: $221,798
  • Related: $0
  • Other: $33,831

    • Brandon Babin (Business Services Relation Manager)
  • Compensation: $188,147
  • Related: $0
  • Other: $16,406

    • Michelle Hatton (Vp Business Services)
  • Compensation: $173,730
  • Related: $0
  • Other: $20,251

    • Lisa Adamiak (Vp Finance And Administration)
  • Compensation: $169,036
  • Related: $0
  • Other: $18,739

    • Terry Morgan (Chairman) [Trustee/Director]
  • Compensation: $20,000
  • Related: $0
  • Other: $0

    • Merrilou Harrison (Vice Chair) [Trustee/Director]
  • Compensation: $18,000
  • Related: $0
  • Other: $0

    • James Hurley (Director)
  • Compensation: $18,000
  • Related: $0
  • Other: $0

    • Regan Myers (Secretary) [Trustee/Director]
  • Compensation: $16,000
  • Related: $0
  • Other: $0

    • Michael Meyer (Director)
  • Compensation: $16,000
  • Related: $0
  • Other: $0

    • Doug Nicholson (Director)
  • Compensation: $16,000
  • Related: $0
  • Other: $0

    • Vicki Larios (Director)
  • Compensation: $16,000
  • Related: $0
  • Other: $0

    • Angie Von Essen (Director)
  • Compensation: $16,000
  • Related: $0
  • Other: $0

    • Angela Gonzalez (Director)
  • Compensation: $16,000
  • Related: $0
  • Other: $0

    • Ryan Smith (Director)
  • Compensation: $16,000
  • Related: $0
  • Other: $0


  • Official website here: www.solaritycu.org

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

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


    Official website here: www.solaritycu.org

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

    Mission Statement of Solarity Credit Union

    Solarity Credit Union, a financial institution dedicated to its members, aims to deliver a wide range of financial services. With over 55,000 members, the credit union offers more than just banking essentials. It provides secured and unsecured consumer loans, real estate loans, and a variety of checking and savings programs. Additionally, Solarity Credit Union extends credit card services to cater to its membership base. By doing so, the credit union empowers its members to manage their finances effectively and meet their financial needs. The commitment of Solarity Credit Union to its members is reflected in its mission to provide financial services that cater to various aspects of their financial lives.

    Impact

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




    Thursday, August 15, 2024

    Solarity Credit Union's impact is significant in providing financial services to over 55,000 members in Yakima, WA. Their services include offering real estate and other secured and unsecured consumer loans, checking and savings programs, and credit card services. By fulfilling their mission to provide these essential financial services, Solarity Credit Union plays a vital role in supporting the financial well-being and stability of individuals and families in 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: $1,773,426
  • Program Service Revenue: $35,698,880
  • Gross Receipts: $37,601,585

    • Assets and Liabilities:
  • Total Assets: $821,287,129
  • Total Liabilities: $703,227,328
  • Net Assets: $118,059,801
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $25,336,922

    FEES AND CHARGES

    Revenue

    $6,053,612

    INTERCHANGE INCOME

    Revenue

    $4,308,346

    Organization Details

    Founding Year

    1951

    Principal Officer

    Mina Worthington

    Main Address

    PO BOX 2922, YAKIMA, WA, 98907

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Solarity 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.