Michigan Credit Union League

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

EIN: 380826778 ✦ Plymouth, MI ✦ Designated as a 501(c)(6)

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Overview

What is Michigan Credit Union League?

Michigan Credit Union League is a nonprofit organization situated in Plymouth, Michigan. Its primary mission is to support and advocate for affiliated credit unions, aiming to help them prosper and improve the lives of their members. By providing advocacy on crucial issues, coordinating cooperative initiatives, and offering high-quality solutions, the league strengthens the credit union community and its image. The organization, with a team of 27 employees, plays a significant role in advocating on behalf of credit unions and contributing to their success.


Official website here: www.mcul.org

Is Michigan Credit Union League legitimate?

Michigan Credit Union League is a legitimate nonprofit organization registered as a 501(c)(6) entity. Michigan Credit Union League 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: $714,751
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,151,708

For more financial information, click here


Official website here: www.mcul.org

What is the mission statement of Michigan Credit Union League?

The Michigan Credit Union League aims to strengthen the credit union community and enhance its reputation by advocating for significant issues, facilitating cooperative initiatives, and delivering high-quality solutions. These efforts are designed to help affiliated credit unions thrive and enrich the lives of their members. The organization provides advocacy and support, aiming to bolster the success of the credit union sector.


Official website here: www.mcul.org

Who is the CEO of Michigan Credit Union League?

Wendy Vadnais is the Chair of Michigan Credit Union League. The CEO's salary of Michigan Credit Union League is $417,155 and their total compensation is $451,880.


Official website here: www.mcul.org

What is the revenue of Michigan Credit Union League?

Michigan Credit Union League's revenue in 2022 was $5,384,543.


Official website here: www.mcul.org

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

The average compensation at Michigan Credit Union League during 2022 was $69,128. There are 27 employees and 17 volunteers at Michigan Credit Union League.


Here are 20 key members and their salaries (Michigan Credit Union League's CEO's salary is $417,155 and their total compensation is $451,880):


Heather Luciani (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dean Trudeau (Vice Chair/At Large Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carma Peters (Treasurer/Secretary/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chrissy Siders (Alternate Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Kempf (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Richter (Alternate Director Thru 6/2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Benecke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Mills (Alternate Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Connie Toensing (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Veneskey (Alternate Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Benson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Bergmooser (Alternate Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Drema Isaac (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelli Wisner-Frank (Alternate Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joumana Mcdad (Alternate Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Bamford (Alternate Director Eff 6/2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Johnson (At Large Director Eff 6/2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Corkery (President/Ceo)
  • Compensation: $417,155
  • Related: $0
  • Other: $34,725
Wendy Vadnais (Cfo)
  • Compensation: $251,085
  • Related: $0
  • Other: $11,786
Renee Werth (Evp League Services)
  • Compensation: $196,302
  • Related: $0
  • Other: $11,988


Official website here: www.mcul.org

Where can I find the form 990 for Michigan Credit Union League?

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


Official website here: www.mcul.org

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

Mission Statement of Michigan Credit Union League

Michigan Credit Union League, a notable organization, is dedicated to strengthening the credit union community and enhancing its reputation. They achieve this mission by providing advocacy on significant issues, coordinating cooperative initiatives, and offering high-quality solutions that aid in the success and enrichment of credit unions and their members. By doing so, the league plays a crucial role in helping these financial institutions thrive, ultimately benefiting their members. The league's activities are centered around offering support and advocacy to affiliated credit unions, thereby contributing to their collective growth and prosperity.

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Impact




October, 2024

The Michigan Credit Union League plays a vital role in enhancing the success of credit unions and enriching the lives of their members. By providing advocacy on critical issues, the League ensures that the interests of credit unions are represented effectively. This advocacy strengthens the perception of credit unions within the community and promotes their unique benefits.

In addition to advocacy, the League coordinates cooperative initiatives that enhance collaboration among affiliated credit unions. These initiatives help foster a sense of community, enabling credit unions to share resources, knowledge, and best practices. Furthermore, the League offers high-quality solutions tailored to the needs of credit unions, empowering them to operate more effectively and serve their members better.

Overall, the League's efforts contribute significantly to the growth and stability of the credit union sector in Michigan, ultimately leading to a more supportive financial environment for individuals and businesses alike.




This information is meant to be a general summary of Michigan Credit Union League. 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
$5,384,543 (2022)
Expenses
$5,285,000 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,843,570
  • Program Service Revenue: $2,799,390
  • Gross Receipts: $11,072,044

Assets and Liabilities:

  • Total Assets: $87,201,262
  • Total Liabilities: $2,179,035
  • Net Assets: $85,022,227

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Programs

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

PROGRAM SVC FEES

Revenue

$1,220,526

EDUCATION

Revenue

$1,016,277

MEMBERSHIP DUES

Revenue

$562,587

Organization Details

Founding Year

1941

Principal Officer

Wendy Vadnais

Main Address

PO BOX 8054, PLYMOUTH, MI, 481708054

NTEE Category

Code: W60 - Public benefit

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