Selco Community Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Selco Community Credit Union is a 501(c)(14) organization based in Springfield, Oregon, registered in 1944, with $159,490,682 in FY2024 revenue. CharityIndex grades it A.
Po Box 7487, Springfield, OR, 97475 EIN 93-0163693 Since 1944
Revenue (FY2024)
$159.5M
▲ 14.1% vs prior year
Expenses (FY2024)
$138.6M
Net assets
$278.0M
Employees
536
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Selco Community Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating24 mo reserves · +13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Selco Community Credit Union: 24 mo reserves · +13% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Selco Community Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Selco Community Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Selco strives to provide financial services that improve our members' social and economic condition.
What they do
The credit union disbursed over $496 million in new loans to members. loans include auto, home mortgage, home equity, credit card, and business loans. at december 31, 2024, loans outstanding totaled $1.9 billion.
During 2024, the credit union provided financial planning services to approximately 2,700 members with assets under management of $420 million.
Contact & location
- Address
- Po Box 7487, Springfield, OR, 97475
- City
- Springfield
- State
- Oregon
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $57.7M (FY2013) to $159.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.5BNet assets $278.0M
Operating margin
13.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.8B
Total liabilities
$2.5B
Net assets
$278.0M
Salaries & benefits
$54.1M
39% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $159,490,682▲14.1% | $138,607,145▲13.9% | $278,030,501▲9.4% | $2,772,150,576▲1.6% | 990 |
| 2023 | $139,819,159▲33.5% | $121,694,355▲68.6% | $254,142,554▲12.0% | $2,727,247,560▲6.8% | 990 |
| 2022 | $104,765,666▲15.7% | $72,182,994▲5.5% | $226,902,332▼7.6% | $2,552,976,468▼0.2% | 990 |
| 2021 | $90,564,912▲1.8% | $68,389,797▼3.0% | $245,682,210▲6.2% | $2,557,598,852▲17.1% | 990 |
| 2020 | $88,966,031▲0.3% | $70,468,628▲5.4% | $231,408,784▲10.2% | $2,184,351,982▲23.4% | 990 |
| 2019 | $88,741,355▲16.3% | $66,859,907▲19.5% | $209,948,355▲12.3% | $1,770,844,236▲9.6% | 990 |
| 2018 | $76,309,863▲11.4% | $55,970,594▲3.8% | $186,954,772▲11.3% | $1,616,007,565▲5.7% | 990 |
| 2017 | $68,530,029▲11.7% | $53,922,039▲13.9% | $167,964,939▲10.7% | $1,529,534,336▲7.2% | 990 |
| 2016 | $61,362,097▲7.4% | $47,354,075▲9.8% | $151,782,152▲10.1% | $1,426,271,904▲8.2% | 990 |
| 2015 | $57,147,455▲4.1% | $43,116,697▲3.6% | $137,893,410▲10.6% | $1,317,974,899▲9.2% | 990 |
| 2014 | $54,881,676▼4.9% | $41,613,673▲1.8% | $124,623,343▲13.4% | $1,206,692,937▲5.4% | 990 |
| 2013 | $57,715,304 | $40,870,386▲12.6% | $109,901,612▲16.3% | $1,144,773,594▲10.3% | 990 |
| 2012 | — | $36,300,152▼16.2% | $94,461,201▲26.3% | $1,038,300,425▲13.1% | 990 |
| 2011 | — | $43,297,799▼11.7% | $74,779,427▲10.9% | $917,911,146▲2.4% | 990 |
| 2010 | — | $49,044,573 | $67,414,882 | $896,212,221 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: J Robert Newcomb — $4,559,046 (3.29% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| J Robert Newcomb | Ceo and Secretary | 60 | $4,559,046 |
| Craig Carpenter | Svp Lending & Business Banking | 50 | $929,264 |
| Tiffany Washington | Evp Finance & Operations & Treasurer | 50 | $499,132 |
| Kirk Letourneau | Svp Information Services and Tech | 50 | $391,957 |
| Steven Mcintire | Svp Enterprise Risk & Gen. Counsel | 50 | $384,490 |
| Michael Donaca | Vp Commercial & Business Banking | 45 | $277,503 |
| Michael Sauley | Vp Consumer Lending | 45 | $260,239 |
| Ailene Manion | Vp Member Experience | 45 | $250,768 |
| Carol Beckley | President/chairperson | 3 | $27,500 |
| Tony Saxman | Vice President/vice Chairperson | 2 | $25,732 |
| Curt Heimuller | Director | 2 | $25,695 |
| Jim Antonini | Director | 2 | $22,917 |
| Tammi Miller | Director | 2 | $22,917 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Day Vengley & Associates | Advertising Services | $1,693,708 |
| Jack Henry & Associates | Sofware and Programming Services | $1,153,096 |
| Comfort Flow Heating | Hvac Equipment and Maintenance Services | $1,028,804 |
| Diebold Inc | Atm Equipment and Maintenance Services | $992,567 |
| Engage Fi LLC | Consulting Services | $597,995 |
Grants made · $8,849 in FY2021
1 grant totaling $8,849 in FY2021. All grants made by Selco Community Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Bendlapine School District | Classroom support | $8,849 |
Frequently asked questions
- Is Selco Community Credit Union a legitimate nonprofit?
- Yes. Selco Community Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 93-0163693, based in Springfield, Oregon.
- What is Selco Community Credit Union's EIN?
- Selco Community Credit Union's Employer Identification Number (EIN) is 93-0163693.
- How much revenue does Selco Community Credit Union report?
- Selco Community Credit Union reported $159,490,682 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Selco Community Credit Union have?
- CharityIndex grades Selco Community Credit Union A, based on financial health (reserves and operating margin).
- How much does Selco Community Credit Union's highest-paid employee make?
- The highest reported compensation on Selco Community Credit Union's latest Form 990 is $4,559,046, paid to J Robert Newcomb (Ceo and Secretary).
More nonprofits in Springfield
Explore more
Data for Selco Community Credit Union (EIN 93-0163693) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.