Selco Community Credit Union

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

EIN: 930163693 ✦ Springfield, OR ✦ Designated as a 501(c)(14)

Overview

What is Selco Community Credit Union?

Selco Community Credit Union is a financial institution based in Springfield, Oregon, with a PO Box address at 7487. With over 500 employees, they provide a range of deposit services, including savings, checking, money market accounts, and certificates of deposit, totaling $2.27 billion in deposits as of December 31, 2022. The credit union is dedicated to enhancing their members' social and economic conditions through their financial services. Additionally, they paid out over $8.6 million in dividends to their members.


Official website here: www.selco.org

Is Selco Community Credit Union legitimate?

Selco Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Selco Community 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: $4,278,864
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,630,129

For more financial information, click here


Official website here: www.selco.org

What is the mission statement of Selco Community Credit Union?

Selco Community Credit Union is dedicated to enhancing the social and economic conditions of its members. Through the provision of financial services, the credit union strives to make a positive impact on its members' lives. The organization's efforts have resulted in over $8.6 million in dividends paid out to members. Deposit accounts consist of savings, checking, money market accounts, and certificates of deposit. As of December 31, 2022, the deposits totaled $2.27 billion. Selco Community Credit Union's commitment extends beyond financial transactions, as it aims to improve the overall well-being of its members.


Official website here: www.selco.org

Who is the CEO of Selco Community Credit Union?

J Robert Newcomb is the Ceo And Secretary of Selco Community Credit Union. The CEO's salary of Selco Community Credit Union is $3,411,336 and their total compensation is $3,451,707.


Official website here: www.selco.org

What is the revenue of Selco Community Credit Union?

Selco Community Credit Union's revenue in 2022 was $104,765,666.


Official website here: www.selco.org

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

The average compensation at Selco Community Credit Union during 2022 was $61,959. There are 515 employees and 10 volunteers at Selco Community Credit Union.

Here are 13 key members and their salaries (Selco Community Credit Union's CEO's salary is $3,411,336 and their total compensation is $3,451,707):

    J Robert Newcomb (Ceo And Secretary)
  • Compensation: $3,411,336
  • Related: $0
  • Other: $40,371

    • Tiffany Washington (Evp Finance & Operations & Treasurer)
  • Compensation: $421,629
  • Related: $0
  • Other: $23,439

    • Kirk Letourneau (Svp Information Services & Tech)
  • Compensation: $366,217
  • Related: $0
  • Other: $23,439

    • Craig Carpenter (Svp Lending & Business Banking)
  • Compensation: $358,232
  • Related: $0
  • Other: $23,858

    • Steven Mcintire (Svp Enterprise Risk & Gen. Counsel)
  • Compensation: $337,965
  • Related: $0
  • Other: $23,439

    • Michael Donaca (Vp Commercial & Business Banking)
  • Compensation: $233,114
  • Related: $0
  • Other: $20,693

    • Ailene Manion (Vp Member Experience)
  • Compensation: $226,310
  • Related: $0
  • Other: $23,263

    • Michael Sauley (Vp Consumer Lending)
  • Compensation: $216,740
  • Related: $0
  • Other: $20,750

    • Curt Heimuller (President/Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Lindley (Vice President/Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kay Lefrancq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carol Beckley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tony Saxman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.selco.org

    Where can I find the form 990 for Selco Community Credit Union?

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


    Official website here: www.selco.org

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

    Mission Statement of Selco Community Credit Union

    Selco Community Credit Union, with its mission at heart, works tirelessly to enhance the social and economic standing of its members through the provision of financial services. The credit union's primary goal is to make a positive impact on the lives of its members by offering them financial tools and resources that foster growth and improvement.

    In pursuit of this objective, Selco Community Credit Union has paid out an impressive $8.6 million in dividends to its members. The financial institution's range of deposit accounts includes savings, checking, money market accounts, and certificates of deposit, catering to various financial needs and preferences. As of December 31, 2022, Selco Community Credit Union boasts an impressive deposit total of $2.27 billion.

    Selco Community Credit Union's commitment to its members extends beyond just financial services. By providing financial resources, the credit union empowers its members to create better futures for themselves and their families. The credit union's dedication to improving social and economic conditions is a testament to its enduring commitment to the well-being of its members.

    Impact

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




    Thursday, August 15, 2024

    Selco Community Credit Union's impact is significant in providing financial services that improve the social and economic conditions of its members. The credit union has paid over $8.6 million in dividends to its members and offers a range of deposit accounts including savings, checking, money market accounts, and certificates of deposit. With deposits totaling $2.27 billion as of December 31, 2022, Selco plays a crucial role in enabling financial stability and growth for individuals and families in Springfield, Oregon. By emphasizing public benefit and striving to enhance the financial well-being of its members, Selco Community Credit Union contributes positively to the local community and 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: $11,419,515
  • Program Service Revenue: $76,522,788
  • Gross Receipts: $108,164,205

    • Assets and Liabilities:
  • Total Assets: $2,552,976,468
  • Total Liabilities: $2,326,074,136
  • Net Assets: $226,902,332
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $61,867,037

    SERVICE CHARGES & FEES

    Revenue

    $14,655,751

    Organization Details

    Founding Year

    1936

    Principal Officer

    J Robert Newcomb

    Main Address

    PO BOX 7487, SPRINGFIELD, OR, 97475

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Selco Community 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.