Central Willamette Credit Union

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

EIN: 930496543 ✦ Albany, OR ✦ Designated as a 501(c)(14)

Overview

What is Central Willamette Credit Union?

Central Willamette Credit Union is a local financial institution based in Albany, Oregon, serving a community of over 34,000 members. With a mission to provide financial services and products, they granted 7,714 loans worth $200.45 million during the year to their members, managing a total loan portfolio of $375.97 million. The credit union maintains 66,476 deposit accounts worth $433.39 million and employs 133 individuals. Their diverse offerings aim to meet the financial needs of their members in a professional, efficient, and competitive manner.


Official website here: www.centralwcu.org

Is Central Willamette Credit Union legitimate?

Central Willamette Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Central Willamette 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: $986,395
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,317,677

For more financial information, click here


Official website here: www.centralwcu.org

What is the mission statement of Central Willamette Credit Union?

Central Willamette Credit Union is dedicated to offering financial products and services to its membership. Its mission is to provide responsible and attractive savings and loan programs, ensuring a professional, personal, efficient, and competitive service experience. This commitment is consistent with sound financial and business practices. The credit union serves a diverse community of 34,273 members, granting a total of 7,714 loans worth over $200 million during the year. Its loan portfolio exceeds $375 million, while managing 66,476 deposit accounts worth over $433 million. With a team of 109 individuals, Central Willamette Credit Union ensures its members receive comprehensive financial support.


Official website here: www.centralwcu.org

Who is the CEO of Central Willamette Credit Union?

Stacie Wyss-Schoenborn is the Director of Central Willamette Credit Union. The CEO's salary of Central Willamette Credit Union is $148,710 and their total compensation is $153,229.


Official website here: www.centralwcu.org

What is the revenue of Central Willamette Credit Union?

Central Willamette Credit Union's revenue in 2022 was $25,725,776.


Official website here: www.centralwcu.org

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

The average compensation at Central Willamette Credit Union during 2022 was $54,918. There are 133 employees and 12 volunteers at Central Willamette Credit Union.

Here are 18 key members and their salaries (Central Willamette Credit Union's CEO's salary is $148,710 and their total compensation is $153,229):

    Stacie Wyss-Schoenborn (Ceo)
  • Compensation: $391,357
  • Related: $0
  • Other: $7,475

    • Dewayne Ledbetter (Cfo)
  • Compensation: $214,563
  • Related: $0
  • Other: $7,043

    • Joey Rudisill (Cio)
  • Compensation: $193,290
  • Related: $0
  • Other: $6,916

    • Rachel Wolfe (Coo)
  • Compensation: $187,185
  • Related: $0
  • Other: $7,499

    • Dave Desemple (Cexperienceo)
  • Compensation: $148,710
  • Related: $0
  • Other: $4,519

    • Grady Corr (Information Security Offic)
  • Compensation: $129,771
  • Related: $0
  • Other: $0

    • Veronica Bruner (Hr Manager)
  • Compensation: $124,196
  • Related: $0
  • Other: $3,297

    • Bryan Blair (Senior It Systems Engineer)
  • Compensation: $125,592
  • Related: $0
  • Other: $0

    • Amanda Grolemund (Former Cmo)
  • Compensation: $120,509
  • Related: $0
  • Other: $1,721

    • Jim Healy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Uerlings (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Cutsforth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marty Cahill (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Yaeger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Hamann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolina Valladares (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Helen Higgins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Sharpe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.centralwcu.org

    Where can I find the form 990 for Central Willamette Credit Union?

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


    Official website here: www.centralwcu.org

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

    Mission Statement of Central Willamette Credit Union

    Central Willamette Credit Union, a vital financial institution, is dedicated to offering financial products and services to its extensive membership base. The organization's mission is twofold: providing responsible, alluring savings and loan programs, and other common financial services that enhance the financial wellbeing of its members. Central Willamette Credit Union strives to deliver these services in a professional, personal, efficient, and competitive manner, ensuring sound financial and business practices are upheld.

    With a membership of over 34,000 individuals, Central Willamette Credit Union plays a significant role in serving its community. Last year, the credit union granted a total of 7,714 loans, collectively worth over $200 million, to its members. These loans enabled members to access essential funding for various purposes, contributing to the financial growth and stability of the community. Central Willamette Credit Union's loan portfolio comprises 19,125 loans, worth a substantial $375.9 million.

    The credit union also manages 66,476 deposit accounts, worth a combined $433.39 million. These funds not only serve as a vital resource for the credit union to extend loans but also contribute to the financial security and stability of its members. Central Willamette Credit Union's team of 109 employees works tirelessly to ensure the organization's smooth operations and to provide personalized attention to each member. By delivering a wide range of financial services and maintaining a strong commitment to its members, Central Willamette Credit Union continues to strengthen its position as a trusted financial partner within the community.

    Impact

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




    Thursday, August 15, 2024

    Central Willamette Credit Union has a significant impact on its community by providing diverse financial products and services to over 34,000 members. In the past year, the credit union granted over 7,700 loans totaling $200 million and maintains a loan portfolio of nearly $376 million. Additionally, Central Willamette Credit Union holds over 66,000 deposit accounts totaling $433 million. With a dedicated workforce of 109 individuals, the credit union plays a vital role in promoting financial stability and growth for its members in Albany, Oregon.





    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: $1,769,698
  • Program Service Revenue: $20,953,116
  • Gross Receipts: $25,873,407

    • Assets and Liabilities:
  • Total Assets: $515,430,336
  • Total Liabilities: $478,987,695
  • Net Assets: $36,442,641
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $14,654,846

    SERVICE CHARGES AND GE

    Revenue

    $5,468,686

    OTHER OPERATING INCOME

    Revenue

    $829,584

    Organization Details

    Founding Year

    1955

    Principal Officer

    Stacie Wyss-Schoenborn

    Main Address

    PO BOX 1899, ALBANY, OR, 97321

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Central Willamette 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.