Credit Union One

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

EIN: 380536242 ✦ Ferndale, MI ✦ Designated as a 501(c)(14)

Overview

What is Credit Union One?

Credit Union One, a Michigan-based state-chartered credit union, serves its members residing in the state with financial services. In 2022, they provided credit at fair rates, competitive deposit products, and opportunities for economic improvement. With an employee count of 393, the credit union catered to 119,523 members, granting a total of 18,168 loans worth $572,535,595. The organization remains dedicated to delivering outstanding products and services, prioritizing the needs of its members anytime and anywhere.


Official website here: www.cuone.org

Is Credit Union One legitimate?

Credit Union One is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Union One 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $2,514,156
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,369,660

For more financial information, click here


Official website here: www.cuone.org

What is the mission statement of Credit Union One?

Credit Union One prioritizes delivering exceptional value to its members by offering superior products and services anytime and anywhere. The commitment to exceptional value is demonstrated through the provision of fair and reasonable interest rates on credit, competitive share deposit products, and opportunities for members to improve their economic condition. In 2022, the credit union served a membership base of 119,523 individuals and granted a total of 18,168 loans, amounting to $572,535,595. Despite a shrinkage in deposits by $51,279,734, the credit union continued to uphold its mission and provide essential financial services to its members.


Official website here: www.cuone.org

Who is the CEO of Credit Union One?

Gary Moody is the Chairperson of Credit Union One. The CEO's salary of Credit Union One is $532,264 and their total compensation is $569,879.


Official website here: www.cuone.org

What is the revenue of Credit Union One?

Credit Union One's revenue in 2022 was $70,267,649.


Official website here: www.cuone.org

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

The average compensation at Credit Union One during 2022 was $60,773. There are 393 employees and 11 volunteers at Credit Union One.

Here are 25 key members and their salaries (Credit Union One's CEO's salary is $532,264 and their total compensation is $569,879):

    John Kozich (Vp Business Development/Community Relations)
  • Compensation: $567,612
  • Related: $0
  • Other: $19,238

    • Gary Moody (Ceo)
  • Compensation: $532,264
  • Related: $0
  • Other: $37,615

    • Christina Tracy (President, Coo)
  • Compensation: $313,828
  • Related: $0
  • Other: $28,667

    • Julie Mills (Svp Chief Information Security Officer)
  • Compensation: $256,156
  • Related: $0
  • Other: $32,633

    • David Breuer (Svp/Chief Information Officer)
  • Compensation: $244,771
  • Related: $0
  • Other: $14,690

    • Renee Muccioli (Svp Chief Member Engagement/Sales)
  • Compensation: $221,252
  • Related: $0
  • Other: $18,094

    • Swaminathan Seetharaman (Svp Chief Marketing Officer)
  • Compensation: $205,702
  • Related: $0
  • Other: $23,473

    • Mark Ouimet (Evp Chief Lending Officer)
  • Compensation: $218,416
  • Related: $0
  • Other: $5,139

    • Murail Shesham (Svp Chief Tech Data Officer)
  • Compensation: $211,889
  • Related: $0
  • Other: $5,988

    • Lance Krajacic (Svp Commercial Lending)
  • Compensation: $210,349
  • Related: $0
  • Other: $5,927

    • Mark Macfarlane (Svp Coo, Hantz)
  • Compensation: $181,150
  • Related: $0
  • Other: $27,444

    • Ayren Hurst (Svp Chief Employee Experience Officer)
  • Compensation: $170,583
  • Related: $0
  • Other: $26,290

    • Donna Reid (Svp Chief Member Experience Transformation Officer)
  • Compensation: $172,474
  • Related: $0
  • Other: $23,473

    • Richard Hester (Interim Cfo)
  • Compensation: $162,884
  • Related: $0
  • Other: $11,447

    • Guadalupe G Lara (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul W Stuart (Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jan Gillespie (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rudolph R Montano Jr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David C Prybys (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raymond F Redmond (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Juanita M Reid (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dino Deponio (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nickolas Nickolopoulos (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christine Dowhan-Bailey (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ed Durbin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.cuone.org

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

    The Credit Union One’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.cuone.org

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

    Mission Statement of Credit Union One

    Credit Union One, a dedicated financial institution, is committed to delivering exceptional value to its members by offering outstanding products and services anytime and anywhere. This mission drives the organization to provide a wide range of financial services that cater to the needs of its members, ensuring they receive fair and reasonable interest rates on credits and competitive share deposit products. By doing so, Credit Union One empowers its members to improve their economic condition.

    In 2022, Credit Union One served 119,523 members, granting a total of 18,168 loans amounting to $572,535,595. Despite a decrease in deposits by $51,279,734, the credit union remained committed to its mission and continued to provide exceptional financial services to its members. With a strong focus on member satisfaction, Credit Union One has earned a reputation for going above and beyond in delivering value, thereby fostering a loyal and thriving community of members. The organization's unwavering dedication to its mission ensures that members receive the financial support and resources they need to achieve their financial goals and build a secure future.

    Impact

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




    Thursday, August 15, 2024

    Credit Union One's impact is felt through its commitment to providing exceptional value to its members. By delivering outstanding products and services anytime, anywhere, Credit Union One aims to improve the economic condition of its members in Michigan. In 2022, the credit union served over 119,000 members and granted 18,168 loans totaling $572,535,595. Through its provision of credit at fair and reasonable rates of interest, competitive share deposit products, and opportunities for economic improvement, Credit Union One plays a significant role in supporting the financial well-being of its community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $6,929,004
  • Program Service Revenue: $63,338,645
  • Gross Receipts: $70,801,357

    • Assets and Liabilities:
  • Total Assets: $1,758,444,493
  • Total Liabilities: $1,631,979,532
  • Net Assets: $126,464,961
  • Programs

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

    LOANS TO MEMBERS

    Revenue

    $45,949,196

    FEE INCOME

    Revenue

    $17,012,179

    FINANCE AND INSURANCE

    Revenue

    $377,270

    Organization Details

    Founding Year

    1938

    Principal Officer

    Gary Moody

    Main Address

    400 E NINE MILE, FERNDALE, MI, 48220

    NTEE Category

    Code: W60 - Public benefit

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