Champion Credit Union Inc

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

EIN: 344407085 ✦ Toledo, OH ✦ Designated as a 501(c)(14)

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Overview

What is Champion Credit Union Inc?

Champion Credit Union Inc, located in Toledo, Ohio, is a member-owned financial cooperative with a mission to progressively offer a comprehensive range of services to its members while maintaining financial stability. Established with a goal to serve its members well, the credit union provides various deposit account options, including savings, checking, certificates, and others. As of December 31, 2022, the credit union boasts a membership of 5,822 individuals. With a team of 21 dedicated employees, Champion Credit Union Inc strives to provide superior financial services to its members.


Official website here: www.championcu.org

Is Champion Credit Union Inc legitimate?

Champion Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Champion Credit Union Inc 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: $186,506
Professional Fundraising Fees: $0
Other Salaries and Wages: $603,346

For more financial information, click here


Official website here: www.championcu.org

What is the mission statement of Champion Credit Union Inc?

Champion Credit Union Inc, as a member-owned financial cooperative, is committed to being progressive in offering a comprehensive array of services to its members while ensuring financial stability. The credit union's mission is geared towards providing the best possible financial solutions to its members, prioritizing their needs and interests. The Credit Union offers various deposit accounts such as savings, checking, certificates, and others to cater to its members' financial needs. With a membership of 5,822 at the end of 2022, Champion Credit Union Inc continues to serve its members effectively, maintaining its focus on progress and member satisfaction.


Official website here: www.championcu.org

Who is the CEO of Champion Credit Union Inc?

Steven Grindle is the Ceo/Treasurer of Champion Credit Union Inc. The CEO's salary of Champion Credit Union Inc is $798,201 and their total compensation is $886,506.


Official website here: www.championcu.org

What is the revenue of Champion Credit Union Inc?

Champion Credit Union Inc's revenue in 2022 was $2,929,670.


Official website here: www.championcu.org

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

The average compensation at Champion Credit Union Inc during 2022 was $37,612. There are 21 employees and 14 volunteers at Champion Credit Union Inc.


Here are 9 key members and their salaries (Champion Credit Union Inc's CEO's salary is $798,201 and their total compensation is $886,506):


Steven Grindle (Ceo/Treasurer)
  • Compensation: $798,201
  • Related: $0
  • Other: $88,305
David Bobak (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheryl Birch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosalie Sneider (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Eisenhauer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Siebert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Benton (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Akrum Youssef (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Buck (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.championcu.org

Where can I find the form 990 for Champion Credit Union Inc?

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


Official website here: www.championcu.org

Learn more at the official website: www.championcu.org

Mission Statement of Champion Credit Union Inc

Champion Credit Union Inc, as a member-owned financial cooperative, is dedicated to being forward-thinking in offering an extensive array of financial services to its members, all while ensuring financial stability. The institution's mission is to progressively deliver the best in a comprehensive range of services, catering to the diverse needs of its members. By maintaining financial stability, Champion Credit Union Inc strives to provide its members with reliable and beneficial financial solutions.

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Impact




October, 2024

Champion Credit Union Inc significantly impacts its members and the local community through its commitment to providing a comprehensive range of financial services. As a member-owned financial cooperative, it prioritizes the needs of its 5,822 members, ensuring they have access to diverse deposit accounts, including savings, checking, and certificates. This focus on member services fosters financial stability and growth within the community.

By operating with a progressive approach, Champion Credit Union not only enhances the financial well-being of its members but also contributes to the overall economic development of Toledo, OH. The cooperative model encourages community engagement and empowers individuals, creating a supportive network where members can thrive financially. Through its mission-driven practices, Champion Credit Union plays a crucial role in promoting financial literacy, stability, and access to essential banking services for its members.




This information is meant to be a general summary of Champion Credit Union Inc. 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
$2,929,670 (2022)
Expenses
$2,589,650 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $636,826
  • Program Service Revenue: $2,179,376
  • Gross Receipts: $2,929,670

Assets and Liabilities:

  • Total Assets: $73,629,668
  • Total Liabilities: $66,793,629
  • Net Assets: $6,836,039

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Programs

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

ATM Surcharge

Revenue

$12,567

Employee Retension Credit

Revenue

$440,759

FEES and Charges

Revenue

$473,715

Interchange income

Revenue

$355,916

INTEREST ON LOANS

Revenue

$887,177

Organization Details

Founding Year

1942

Principal Officer

Steven Grindle

Main Address

4140 WEST LASKEY ROAD, TOLEDO, OH, 43623

NTEE Category

Code: W60 - Public benefit

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