Tendto Credit Union

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

EIN: 251086321 ✦ Erie, PA ✦ Designated as a 501(c)(14)

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Overview

What is Tendto Credit Union?

Tendto Credit Union is a nonprofit financial institution located at 1129 State Street, Erie, Pennsylvania. With a focus on member savings and loans, it operates under the usual operations of a credit union. The organization's mission is to deliver exceptional service, aiming to maintain its stability and longevity. In the recent year, they distributed dividends amounting to $339,097 among 23,183 member accounts. The credit union's workforce comprises 43 dedicated employees.


Official website here: www.tendtocu.com

Is Tendto Credit Union legitimate?

Tendto Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Tendto 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $318,712
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,702,710

For more financial information, click here


Official website here: www.tendtocu.com

What is the mission statement of Tendto Credit Union?

Tendto Credit Union's mission is centered around delivering exceptional service while ensuring its longevity as a financially sound credit union. Its primary objectives involve receiving savings from members and lending money for their needs, all while maintaining a strong financial stance. The institution is committed to paying out dividends to its members, as evidenced by the $339,097 distributed to 23,183 accounts.


Official website here: www.tendtocu.com

Who is the CEO of Tendto Credit Union?

Michael W Kalie is the Ceo/President of Tendto Credit Union. The CEO's salary of Tendto Credit Union is $126,390 and their total compensation is $126,390.


Official website here: www.tendtocu.com

What is the revenue of Tendto Credit Union?

Tendto Credit Union's revenue in 2022 was $5,612,057.


Official website here: www.tendtocu.com

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

The average compensation at Tendto Credit Union during 2022 was $47,010. There are 43 employees at Tendto Credit Union.


Here are 13 key members and their salaries (Tendto Credit Union's CEO's salary is $126,390 and their total compensation is $126,390):


Mike Kalie (Ceo/President)
  • Compensation: $126,390
  • Related: $0
  • Other: $0
Brian Palotas (Coo)
  • Compensation: $97,011
  • Related: $0
  • Other: $0
Wade Brink (Cfo)
  • Compensation: $49,077
  • Related: $0
  • Other: $0
Dave Catellier (Vp Of Finance)
  • Compensation: $38,059
  • Related: $0
  • Other: $0
Stacy Buczynski (Secretary)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Ryan Heidt (Chair)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Mark Kloecker (Director)
  • Compensation: $1,200
  • Related: $0
  • Other: $0
Rick Killian (Vice Chair)
  • Compensation: $1,175
  • Related: $0
  • Other: $0
John Flick (Treasurer)
  • Compensation: $1,125
  • Related: $0
  • Other: $0
Jon Bloom (Director)
  • Compensation: $625
  • Related: $0
  • Other: $0
Tim Kaercher (Director)
  • Compensation: $550
  • Related: $0
  • Other: $0
Karolina Zielinski (Director)
  • Compensation: $400
  • Related: $0
  • Other: $0
Catrina Spano (Director)
  • Compensation: $100
  • Related: $0
  • Other: $0


Official website here: www.tendtocu.com

Where can I find the form 990 for Tendto Credit Union?

Tendto Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.tendtocu.com

Learn more at the official website: www.tendtocu.com

Mission Statement of Tendto Credit Union

Tendto Credit Union, as stated in its mission, is committed to delivering exceptional service while ensuring its long-term sustainability. The credit union's primary goal is to serve its members by managing their savings and providing loans for various purposes, all in a provident manner. The organization's mission is not just about conducting financial transactions; it is about building a robust and reliable credit union that can cater to its members' needs for many years to come. Through its operations, Tendto Credit Union pays out dividends to its members, demonstrating its commitment to returning value to those who trust it with their savings. The dividend payments totaled $339,097 and were distributed across 23,183 member accounts, further highlighting the credit union's focus on its members' financial well-being.

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Impact




October, 2024

Tendto Credit Union plays a significant role in its community by managing member savings and providing accessible loans for various needs. In the past year, the credit union has paid out $339,097 in dividends across 23,183 member accounts, directly benefiting individuals and families in the Erie, PA area. By focusing on offering quality service and maintaining financial strength, Tendto Credit Union ensures its members have access to essential financial resources, which contributes to their overall economic well-being and stability. The organization's commitment to public benefit underscores its dedication to supporting its members and fostering a robust community.




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


Financials

This financial information is from Propublica.

Revenue
$5,612,057 (2022)
Expenses
$5,309,840 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $786,857
  • Program Service Revenue: $4,758,041
  • Gross Receipts: $5,612,057

Assets and Liabilities:

  • Total Assets: $142,215,827
  • Total Liabilities: $137,017,915
  • Net Assets: $5,197,912

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Programs

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

Fee Income

Revenue

$879,355

Loan Interest Income

Revenue

$3,258,487

Other Income

Revenue

$620,199

Organization Details

Founding Year

1958

Principal Officer

Michael W Kalie

Main Address

1129 State Street, Erie, PA, 16501

NTEE Category

Code: W60 - Public benefit

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