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 tax deductible.
Heare 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):
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- Compensation: $532,264
- Related: $0
- Other: $37,615
- Compensation: $162,884
- Related: $0
- Other: $11,447
- Compensation: $313,828
- Related: $0
- Other: $28,667
- Compensation: $256,156
- Related: $0
- Other: $32,633
- Compensation: $244,771
- Related: $0
- Other: $14,690
- Compensation: $211,889
- Related: $0
- Other: $5,988
- Compensation: $181,150
- Related: $0
- Other: $27,444
- Compensation: $218,416
- Related: $0
- Other: $5,139
- Compensation: $205,702
- Related: $0
- Other: $23,473
- Compensation: $172,474
- Related: $0
- Other: $23,473
- Compensation: $221,252
- Related: $0
- Other: $18,094
- Compensation: $210,349
- Related: $0
- Other: $5,927
- Compensation: $170,583
- Related: $0
- Other: $26,290
- Compensation: $567,612
- Related: $0
- Other: $19,238
Official website here: www.cuone.org
Where can I find the form 990 for Credit Union One?
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.
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Impact
October, 2024
Credit Union One has made a significant impact on the financial landscape of Michigan by delivering exceptional products and services tailored to meet the needs of its members. In 2022 alone, it served 119,523 members, providing financial support through 18,168 loans totaling $572,535,595. This commitment to offering credit at fair and reasonable interest rates ensures that members have access to necessary financial resources, which can enhance their economic well-being.
Moreover, Credit Union One emphasizes competitive share deposit products, encouraging savings and financial growth among its members. Despite challenges such as a decrease in deposits by $51,279,734, the credit union's focus remains steadfast on enriching the economic conditions of its members. By operating in Michigan and adhering to its mission of delivering value and quality service anytime and anywhere, Credit Union One plays a vital role in promoting community financial health and stability.
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.
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: $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
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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
Phone
(248) 398-1210Principal Officer
Gary Moody
Main Address
400 E NINE MILE, FERNDALE, MI, 48220
Website
www.cuone.orgNTEE Category
Code: W60 - Public benefit
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