Overview
What is Meriwest Credit Union?
Meriwest Credit Union is a cooperative based in San Jose, California, with the primary goal of encouraging savings among its members. It operates as a financial institution, offering loans and providing opportunities for members to use and control their money. In 2022, the union granted 1,111 real estate base loans amounting to over $700 million. Meriwest Credit Union is a democratic organization, with its earnings, savings, and benefits distributed among its members. It fosters a source of credit for its members at interest rates set by its Board of Directors, working to improve their economic and social conditions.
Official website here: www.meriwest.com
Is Meriwest Credit Union legitimate?
Meriwest Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Meriwest 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: $4,615,011
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,226,641
For more financial information, click here
Official website here: www.meriwest.com
What is the mission statement of Meriwest Credit Union?
Meriwest Credit Union is a member-owned cooperative with a mission to foster savings and thrift among its members. By promoting thrift, the credit union creates a collective source of credit, offering competitive interest rates set by its board of directors. Members have the opportunity to control and use their own money democratically, aiming to enhance their economic and social conditions. As a cooperative, Meriwest Credit Union operates with the goal of benefiting its members collectively, distributing earnings, savings, benefits, or services back to its patron members.
Official website here: www.meriwest.com
Who is the CEO of Meriwest Credit Union?
Julie Kirsch is the Principal Officer of Meriwest Credit Union. The CEO's salary of Meriwest Credit Union is $816,701 and their total compensation is $857,487.
Official website here: www.meriwest.com
What is the revenue of Meriwest Credit Union?
Who are the executives of Meriwest Credit Union and what are their salaries?
The average compensation at Meriwest Credit Union during 2022 was $79,621. There are 312 employees and 16 volunteers at Meriwest Credit Union.
Here are 25 key members and their salaries (Meriwest Credit Union's CEO's salary is $816,701 and their total compensation is $857,487):
- Julie Ann Kirsch (President/Ceo)
- Brian Hennessey (Chief Financial Officer)
- Lisa Marie Pesta (Svp, Chief Operating Offic)
- Jeff Barnes (Svp, Chief Lending Officer)
- Lina Esther Hess (Vp It)
- Jihong Huang (Vp Treasury & Finance)
- Gennady Fichtenholz (Vp Digital Strategy And Engagement)
- Ernesto Segovia (Avp Network Operations)
- Amjad Elias (Vice President Retail Delivery)
- John Kwan (Assistant Controller)
- Keith France (Financial Advisor)
- Thuy-Trang Thi Phan (Senior Consumer Loan Specialist)
- Mary Ellen Snider (Svp, Operational Risk & Compliance)
- Drarthur L Jue (Chairperson) [Trustee/Director]
- Scott Timpe (Vice Chairman) [Trustee/Director]
- Harsha Vyas (Treasurer) [Trustee/Director]
- Lauren Burch (Secretary) [Trustee/Director]
- Udey Chaudhry (Board Member) [Trustee/Director]
- Edwin Mach (Board Member) [Trustee/Director]
- Charlie Munch (Board Member) [Trustee/Director]
- Stan Chapman (Board Member) [Trustee/Director]
- Jim Hicks (Board Member) [Trustee/Director]
- Steve Goveia (Supv Cmte Chairperson) [Trustee/Director]
- Philip Fluegemann (Supv Cmte Member) [Trustee/Director]
- Jason Laker (Supv Cmte Member) [Trustee/Director]
Official website here: www.meriwest.com
Where can I find the form 990 for Meriwest Credit Union?
The Meriwest Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.meriwest.com
Learn more at the official website: www.meriwest.com
Mission Statement of Meriwest Credit Union
Meriwest Credit Union, a cooperative organization, is dedicated to encouraging savings and thrift among its members. By doing so, it creates a reliable source of credit, offering favorable interest rates set by the board of directors. This cooperative structure enables members to have a democratic control over their own funds, enhancing their economic and social conditions. The mission of Meriwest Credit Union extends beyond just financial services. It operates with the mutual benefit and general welfare of its members in mind, distributing earnings, savings, benefits, or services back to them as patronage. As a cooperative, Meriwest Credit Union operates for the sole purpose of improving the financial well-being of its members.
Impact
This information is meant to be a general summary of Meriwest Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Meriwest Credit Union provided members with 1,111 real estate base loans totaling over $700 million in 2022. By promoting thrift and savings among its members, the credit union is creating a source of credit at competitive rates of interest set by the board of directors. Through its cooperative structure, Meriwest Credit Union aims to empower its members to use and control their own money democratically, ultimately improving their economic and social conditions. This approach ensures that the earnings, savings, benefits, or services of the credit union are distributed to its members for their mutual benefit and general welfare.
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.
INTEREST ON LOANS
Revenue
$58,945,053
OTHER OPERATING INCOME
Revenue
$5,509,984
FEE INCOME
Revenue
$4,278,967
Organization Details
Founding Year
1961
Phone
(408) 972-5222
Principal Officer
Julie Kirsch
Main Address
5615 CHESBRO AVENUE, SAN JOSE, CA, 95123
Website
www.meriwest.com
NTEE Category
Code: W60 - Public benefit
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