Overview
What is Max Credit Union?
Max Credit Union is a community financial institution based in Montgomery, Alabama, serving approximately 119,000 members. Established with a mission to promote thrift among its members, Max Credit Union offers competitive savings products, such as savings, checking, certificate of deposit accounts, and IRA savings accounts. As a cooperative, it provides a source of credit for its members. The credit union houses around 367 employees dedicated to its mission.
Official website here: www.mymax.com
Is Max Credit Union legitimate?
Max Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Max 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: $2,260,572
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,865,610
For more financial information, click here
Official website here: www.mymax.com
What is the mission statement of Max Credit Union?
Max Credit Union is a community financial institution organized to encourage savings among its members and serve as a source of credit. With a mission to serve approximately 119,000 members, this state-chartered credit union offers competitive savings products, including savings, checking, certificate of deposit accounts, and Individual Retirement Account (IRA) savings accounts. By promoting thrift, Max Credit Union aims to empower its members to build financial security.
Official website here: www.mymax.com
Who is the CEO of Max Credit Union?
Martin Head is the Principal Officer of Max Credit Union. The CEO's salary of Max Credit Union is $505,566 and their total compensation is $573,200.
Official website here: www.mymax.com
What is the revenue of Max Credit Union?
Max Credit Union's revenue in 2022 was $81,267,225.
Official website here: www.mymax.com
Who are the executives of Max Credit Union and what are their salaries?
The average compensation at Max Credit Union during 2022 was $60,289. There are 367 employees and 14 volunteers at Max Credit Union.
Here are 22 key members and their salaries (Max Credit Union's CEO's salary is $505,566 and their total compensation is $573,200):
- Compensation: $1,913
- Related: $0
- Other: $0
- Compensation: $1,574
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $505,566
- Related: $0
- Other: $67,634
- Compensation: $279,075
- Related: $0
- Other: $48,457
- Compensation: $273,009
- Related: $0
- Other: $46,877
- Compensation: $249,583
- Related: $0
- Other: $37,686
- Compensation: $213,756
- Related: $0
- Other: $45,171
- Compensation: $204,403
- Related: $0
- Other: $42,946
- Compensation: $213,616
- Related: $0
- Other: $29,306
- Compensation: $209,648
- Related: $0
- Other: $48,367
- Compensation: $218,848
- Related: $0
- Other: $38,358
- Compensation: $203,845
- Related: $0
- Other: $39,355
- Compensation: $197,076
- Related: $0
- Other: $43,372
- Compensation: $176,691
- Related: $0
- Other: $43,888
- Compensation: $292,906
- Related: $0
- Other: $2,181
Official website here: www.mymax.com
Where can I find the form 990 for Max Credit Union?
Max Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mymax.com
Learn more at the official website: www.mymax.com
Mission Statement of Max Credit Union
Max Credit Union, a cooperative community financial institution, was established with the primary goal of encouraging thrift among its members and serving as a credit source for them. The credit union, which serves approximately 119,000 members in various areas of Montgomery, Alabama, offers competitive savings products to help its members save effectively. Max Credit Union's savings offerings include savings, checking, certificate of deposit accounts, and Individual Retirement Account (IRA) savings accounts. By providing these savings products, Max Credit Union fosters a culture of saving and financial responsibility among its members. The credit union's mission goes beyond just savings, as it aims to be a trusted financial partner for its members, offering them access to essential financial services to improve their overall financial well-being. Max Credit Union's commitment to its members extends beyond just savings, as it strives to provide them with the tools and resources they need to build a strong financial foundation.
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Impact
October, 2024
Max Credit Union significantly impacts the local community by fostering financial well-being and promoting savings among its members. With a commitment to enhancing thrift, the credit union offers a variety of competitive savings products, including savings, checking, and certificate of deposit accounts, as well as IRA savings accounts. This array of financial services supports members in building their savings and managing their finances effectively.
Serving around 119,000 members in Montgomery, Alabama, and its surrounding areas, Max Credit Union operates as a cooperative financial institution, prioritizing the needs of its community. By providing accessible credit options and fostering a sense of financial literacy, Max Credit Union directly contributes to the economic stability and growth of its members, promoting overall community welfare and prosperity.
This information is meant to be a general summary of Max 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $12,398,559
- Program Service Revenue: $68,868,666
- Gross Receipts: $86,307,551
Assets and Liabilities:
- Total Assets: $1,964,438,398
- Total Liabilities: $1,824,298,110
- Net Assets: $140,140,288
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$43,209,732
OTHER OPERATING INCOME
Revenue
$15,354,368
FEE INCOME
Revenue
$10,304,566
Organization Details
Founding Year
1955
Phone
(800) 776-6776Principal Officer
Martin Head
Main Address
PO BOX 244040, MONTGOMERY, AL, 361244040
Website
www.mymax.comNTEE Category
Code: W60 - Public benefit
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