Overview
What is Credit Union Chartered In Michigan Aac Credit Union?
Credit Union Chartered In Michigan Aac Credit Union is a nonprofit financial institution, specifically a credit union, situated in Grand Rapids, Michigan. With a membership of 15,163 individuals as of December 31, 2022, the credit union offers various deposit account options, such as savings, checking, certificates, and others. Its primary mission is to provide financial services and products to its members, aiming to support their financial well-being. The credit union operates with a staff of 62 employees, ensuring member needs are met effectively.
Official website here: www.aaccreditunion.org
Is Credit Union Chartered In Michigan Aac Credit Union legitimate?
Credit Union Chartered In Michigan Aac Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Union Chartered In Michigan Aac 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: $492,896
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,860,605
For more financial information, click here
Official website here: www.aaccreditunion.org
What is the mission statement of Credit Union Chartered In Michigan Aac Credit Union?
The Credit Union Chartered In Michigan AAC Credit Union's mission is centered around providing financial services and products to its members. This mission is encapsulated in the day-to-day activities of the credit union, which involve offering various deposit account options such as savings, checking, certificates, and others. As of December 31, 2022, the credit union served a membership base of 15,163 individuals. The credit union's primary focus remains on catering to the financial needs of its members, ensuring they have access to a range of services to manage their finances effectively.
Official website here: www.aaccreditunion.org
Who is the CEO of Credit Union Chartered In Michigan Aac Credit Union?
Brian Turmell is the Ceo of Credit Union Chartered In Michigan Aac Credit Union. The CEO's salary of Credit Union Chartered In Michigan Aac Credit Union is $195,405 and their total compensation is $231,681.
Official website here: www.aaccreditunion.org
What is the revenue of Credit Union Chartered In Michigan Aac Credit Union?
Credit Union Chartered In Michigan Aac Credit Union's revenue in 2022 was $9,335,279.
Official website here: www.aaccreditunion.org
Who are the executives of Credit Union Chartered In Michigan Aac Credit Union and what are their salaries?
The average compensation at Credit Union Chartered In Michigan Aac Credit Union during 2022 was $37,960. There are 62 employees and 7 volunteers at Credit Union Chartered In Michigan Aac Credit Union.
Here are 10 key members and their salaries (Credit Union Chartered In Michigan Aac Credit Union's CEO's salary is $195,405 and their total compensation is $231,681):
- Compensation: $195,405
- Related: $0
- Other: $36,276
- Compensation: $106,183
- Related: $0
- Other: $29,160
- Compensation: $101,824
- Related: $0
- Other: $24,048
- 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
Official website here: www.aaccreditunion.org
Where can I find the form 990 for Credit Union Chartered In Michigan Aac Credit Union?
Credit Union Chartered In Michigan Aac Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aaccreditunion.org
Learn more at the official website: www.aaccreditunion.org
Mission Statement of Credit Union Chartered In Michigan Aac Credit Union
Credit Union Chartered In Michigan AAC Credit Union, in its mission, is dedicated to serving its members by providing a range of financial services and products. This credit union, with a membership count of 15,163 as of December 31, 2022, offers various deposit account options, including savings, checking, and certificates, among others. The primary focus of this credit union is to cater to the financial needs of its members, ensuring they have access to essential banking services.
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Impact
October, 2024
Credit Union Chartered In Michigan Aac Credit Union plays a significant role in the financial well-being of its members in Grand Rapids, MI. By offering a variety of financial services and products, including savings accounts, checking accounts, and certificates, the credit union supports its 15,163 members in managing their finances effectively.
The credit union's focus on providing accessible financial solutions fosters a sense of community and encourages financial literacy among its members. By prioritizing the needs of its members, the credit union helps individuals and families achieve their financial goals, whether it’s saving for a major purchase, managing day-to-day expenses, or planning for the future.
Moreover, the credit union contributes to the local economy by promoting responsible financial practices and encouraging savings. This commitment not only benefits its members but also enhances the overall economic vitality of the Grand Rapids area. In this way, Credit Union Chartered In Michigan Aac Credit Union illustrates the positive impact that cooperative financial institutions can have on their communities.
This information is meant to be a general summary of Credit Union Chartered In Michigan Aac 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: $1,209,582
- Program Service Revenue: $8,125,697
- Gross Receipts: $9,335,279
Assets and Liabilities:
- Total Assets: $187,919,268
- Total Liabilities: $146,635,430
- Net Assets: $41,283,838
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Debit & VISA Interchange
Revenue
$829,187
Fees and Charges
Revenue
$1,804,889
Insurance Revenue
Revenue
$39,158
Interest on Loans
Revenue
$5,439,737
Non-Member ATM Fees
Revenue
$9,326
Organization Details
Founding Year
1937
Phone
(616) 459-4429Principal Officer
Brian Turmell
Main Address
177 Wilson Avenue NW, Grand Rapids, MI, 49534
Website
www.aaccreditunion.orgNTEE Category
Code: W60 - Public benefit
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