Overview
What is Provident Credit Union?
Provident Credit Union is a cooperative financial institution based in Redwood City, California, with a mission to encourage savings and thrive on member-owned capital. This credit union offers a Super Rewards Checking Account, which rewards members with high interest rates by fulfilling certain requirements, such as making $400 in monthly purchases using their debit or credit card, having direct deposit or bill pay, and receiving e-statements instead of paper ones. The account's benefits support environmentally friendly behavior by promoting virtual transactions and reducing paper and mailing costs. With a team of 503 employees, Provident Credit Union operates as a democratically-controlled source of credit for its members, distributing earnings, savings, and benefits back to them as patrons.
Official website here: www.providentcu.org
Is Provident Credit Union legitimate?
Provident Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Provident 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: $6,463,319
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,239,807
For more financial information, click here
Official website here: www.providentcu.org
What is the mission statement of Provident Credit Union?
Provident Credit Union is a cooperative with a mission to foster thrift and savings among its members. By doing so, it creates a source of credit for them with interest rates determined by the board of directors. This cooperative structure allows members to have control over their own money, contributing to their economic and social improvement. The earnings, savings, benefits, and services of the credit union are distributed to its members as patronage. Overall, Provident Credit Union operates with the goal of benefiting and enhancing the welfare of its members.
Official website here: www.providentcu.org
Who is the CEO of Provident Credit Union?
James L Ernest is the Principal Officer of Provident Credit Union. The CEO's salary of Provident Credit Union is $1,015,786 and their total compensation is $1,081,706.
Official website here: www.providentcu.org
What is the revenue of Provident Credit Union?
Provident Credit Union's revenue in 2022 was $112,950,041.
Official website here: www.providentcu.org
Who are the executives of Provident Credit Union and what are their salaries?
The average compensation at Provident Credit Union during 2022 was $67,004. There are 503 employees and 13 volunteers at Provident Credit Union.
Here are 31 key members and their salaries (Provident Credit Union's CEO's salary is $1,015,786 and their total compensation is $1,081,706):
- James Ernest (President/Ceo)
- Mohamad A Sangabi (Sr. Mortgage Cons.)
- Jennifer Lee (Cfo)
- Fred Gomes (Svp)
- Heidi Parks (Svp)
- John Paul Reilly (Vp, Bs&O)
- Connie K Finch (Vp, Systems & Tech)
- Robert Bernard Kettmann (Mortgage Production Sales Manager)
- Greg Kent Mccurdy (Vp, Lending)
- John Haggarty (Vp, Marketing)
- Matthew Lawrence Agius (Financial Consultant)
- Shalini Sahdeo Narayan (Vp, Service Quality)
- Ganesh Raghavan (Vp, Network Infrastructure & Security)
- Lan Figueroa (Sr. Mortgage Cons.)
- Paul Shea (Vp, Human Resources)
- Christine M Keane (Vp, Risk Management)
- Fatemeh Asad Sangabi (Sr. Mortgage Cons.)
- James Paul Traceski (Vp, Human Resources)
- David Pelzner (Chairman) [Trustee/Director]
- June Rothe (Vice Chairman) [Trustee/Director]
- Samuel Johnson Jr (Secretary) [Trustee/Director]
- Christine Boland (Treasurer) [Trustee/Director]
- David Buckmaster (Board Member) [Trustee/Director]
- Scott O'Brien (Board Member) [Trustee/Director]
- Bob Lanzone (Board Member) [Trustee/Director]
- George Descalso (Board Member) [Trustee/Director]
- Andrea Kenter (Board Member) [Trustee/Director]
- Scott Mcwhirter (Supv Cmte Chair) [Trustee/Director]
- Rosanne Foust (Supv Cmte Member) [Trustee/Director]
- Kenneth Rubay (Supv Cmte Member) [Trustee/Director]
- Gregory Teshara (Supv Cmte Member) [Trustee/Director]
Official website here: www.providentcu.org
Where can I find the form 990 for Provident Credit Union?
The Provident Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.providentcu.org
Learn more at the official website: www.providentcu.org
Mission Statement of Provident Credit Union
Provident Credit Union, a cooperative organization, is dedicated to encouraging thrift and savings among its members. Its primary mission is to serve as a financial institution that provides affordable credit and allows members to have democratic control over their financial resources. By operating on a mutual basis, the earnings, benefits, and services of the credit union are returned to its members as patronage. In simple terms, Provident Credit Union aims to help its members improve their economic and social conditions by promoting savings, offering favorable lending rates, and enabling members to manage their money collectively.
Impact
This information is meant to be a general summary of Provident Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Provident Credit Union, as a cooperative organized to promote thrift and savings among its members, has a significant impact on its community. By offering innovative products like the Super Rewards Checking Account, Provident encourages financial responsibility and environmentally friendly behavior among its members. This not only benefits individual account holders by providing high rates on their checking accounts but also contributes to a more sustainable future by reducing paper waste and mailing costs.
Furthermore, Provident Credit Union's mission to provide affordable credit and empower members to control their finances on a democratic basis aligns with its commitment to improving economic and social conditions within the community. As a cooperative, Provident ensures that its earnings and benefits are distributed to its members, emphasizing the mutual benefit and general welfare of all participants. This unique approach underscores Provident Credit Union's dedication to serving the public good and fostering financial well-being for its members.
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.
INCOME FROM LOANS
Revenue
$64,708,362
OTHER OPERATING INCOME
Revenue
$21,228,969
FEE INCOME
Revenue
$6,873,960
Organization Details
Founding Year
1950
Phone
(650) 508-0300
Principal Officer
James L Ernest
Main Address
303 TWIN DOLPHIN DRIVE, REDWOOD CITY, CA, 94065
Website
www.providentcu.org
NTEE Category
Code: W60 - Public benefit
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