Program areas at Selco Community Credit Union
The credit union paid over $39.5 million in dividends to members. Deposit accounts include savings, checking, money market accounts and certificates of deposit. As of December 31, 2023, deposits totaled $2.44 billion.
During 2023, the credit union provided financial planning services to approximately 3,310 members with assets under management of $374 million.
The credit union disbursed $420 million in new loans to members. Loans include auto, home mortgage, home equity, credit card, and business loans. At December 31, 2023, loans outstanding totaled $1.9 billion.
Personnel at Selco Community Credit Union
| Name | Title | Compensation | Date of data |
|---|
| Bob Newcomb | President and Chief Executive Officer | | 2024-09-15 |
| J Robert Newcomb | Chief Executive Officer | $4,025,290 | 2024-10-30 |
| Tiffany Washington | Executive Vice President of Finance and Operations | $474,963 | 2024-09-15 |
| Kirk Letourneau | Senior Vice President of Information Services and Technology | $377,577 | 2024-09-15 |
| Michael Donaca | Vice President Commercial and Business Banking | $259,382 | 2023-12-31 |
| ...and 7 more key personnel |
Financials for Selco Community Credit Union
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $98,582,132 | $76,522,788 | 28.8% |
| Investment income and dividends | $25,999,181 | $11,685,730 | 122.5% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $14,406 | $21,978 | -34.5% |
| Net gain from sale of non-inventory assets | $1,678,579 | $-266,215 | 730.5% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $13,544,861 | $16,801,385 | -19.4% |
| Total revenues | $139,819,159 | $104,765,666 | 33.5% |
Organizations like Selco Community Credit Union
| Organization | Type | Location | Revenue |
|---|
| First Community Credit Union | 501(c)(14) | Coquille, OR | $62,808,074 |
| Unitus Community Credit Union | 501(c)(14) | Portland, OR | $70,835,899 |
| Advantis Credit Union | 501(c)(14) | Oregon City, OR | $98,680,885 |
| Oregon State Credit Union | 501(c)(14) | Corvallis, OR | $114,120,989 |
| Northwest Community Credit Union (NWCU) | 501(c)(14) | Eugene, OR | $74,273,120 |
| OnPoint Community Credit Union | 501(c)(14) | Portland, OR | $440,500,839 |
| Rivermark Community Credit Union | 501(c)(14) | Beaverton, OR | $81,367,198 |
| Oregon Community Credit Union (OCCU) | 501(c)(14) | Eugene, OR | $159,759,563 |
| Maps Credit Union | 501(c)(14) | Salem, OR | $76,028,615 |
| TwinStar Credit Union | 501(c)(14) | Olympia, WA | $119,511,993 |
Data update history
January 11, 2025
Posted financials
Added Form 990 for fiscal year 2023
September 15, 2024
Updated personnel
Identified 5 new personnel
September 13, 2024
Used new vendors
Identified 1 new vendor, including
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 21, 2024
Updated personnel
Identified 3 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
Provides scholarships
General information
- Address
- PO Box 7487
- Springfield, OR 97475
- Metro area
- Eugene-Springfield, OR
- County
- Lane County, OR
- Website URL
- selco.org/Â
- Phone
- (800) 445-4483
- Facebook page
- SELCOCCUÂ
- Twitter profile
- @selcoccuÂ
IRS details
- EIN
- 93-0163693
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1936
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W60: Financial Institutions, Credit Unions
- NAICS code, primary
- 522130: Credit Unions
- Parent/child status
- Child within group exemption
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