Adventure Credit Union

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

EIN: 380855535 ✦ Grand rapids, MI ✦ Designated as a 501(c)(14)

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Overview

What is Adventure Credit Union?

Adventure Credit Union is a Michigan-based financial institution serving over 32,000 members. Founded primarily to provide various financial services to specific employee groups and individuals in select counties, its membership includes communications industry workers, healthcare professionals, the disabled, and their families or colleagues. Established with a mission to treat members with dignity and respect, act as good stewards of their assets, value employees and volunteers, maintain integrity, and build community relationships, Adventure Credit Union offers loans, deposits, and other financial products to its diverse membership. With a team of 141 dedicated employees, they continue to meet the financial needs of their community.


Official website here: www.adventurecu.org

Is Adventure Credit Union legitimate?

Adventure Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Adventure 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: $807,468
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,140,810

For more financial information, click here


Official website here: www.adventurecu.org

What is the mission statement of Adventure Credit Union?

Adventure Credit Union is dedicated to offering a range of financial services to its members. The institution prioritizes treating members with dignity and respect while acting as responsible stewards of their assets. Valuing employees and volunteers, the credit union maintains integrity in all its dealings and is a leader in community outreach and building relationships. With a membership of over 32,000 individuals, Adventure Credit Union meets the financial needs of its members through various products, including loans and deposits.


Official website here: www.adventurecu.org

Who is the CEO of Adventure Credit Union?

Jerry Maue is the Chief Executive Officer of Adventure Credit Union. The CEO's salary of Adventure Credit Union is $284,886 and their total compensation is $305,421.


Official website here: www.adventurecu.org

What is the revenue of Adventure Credit Union?

Adventure Credit Union's revenue in 2022 was $22,480,279.


Official website here: www.adventurecu.org

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

The average compensation at Adventure Credit Union during 2022 was $49,279. There are 141 employees and 9 volunteers at Adventure Credit Union.


Here are 19 key members and their salaries (Adventure Credit Union's CEO's salary is $284,886 and their total compensation is $305,421):


Ann Marie Nelson (Chief Executive Officer)
  • Compensation: $284,886
  • Related: $0
  • Other: $20,535
James Bird (Aris Financial Manager)
  • Compensation: $191,028
  • Related: $0
  • Other: $10,670
Jerome Maue (Chief Financial Officer)
  • Compensation: $165,251
  • Related: $0
  • Other: $16,536
Amanda Garabedian (Chief Operating Officer)
  • Compensation: $150,719
  • Related: $0
  • Other: $21,317
Lisa Posthumus (Chief Lending Officer)
  • Compensation: $130,782
  • Related: $0
  • Other: $17,444
Timothy Logan (Svp Of It)
  • Compensation: $105,687
  • Related: $0
  • Other: $18,121
Megan Anthony (Svp Of Hr)
  • Compensation: $108,134
  • Related: $0
  • Other: $15,617
Shanna Schneider (Vp Of Operations)
  • Compensation: $103,634
  • Related: $0
  • Other: $6,205
Dave Ferguson (Board Chairman (Jan - Apr))
  • Compensation: $0
  • Related: $0
  • Other: $0
Pete Winninger (Board Chairman (May - Dec))
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Kutas (Board Vice Chairman (May - Dec))
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Kidd (Secretary (Jan - Apr))
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Andrews (Secretary (May - Dec))
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Sheffer (Treasurer - Part Year)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Fry (Treasurer (May - Dec))
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Arizola (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlie Breneman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debra Ginsburg (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shari Waldvogel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.adventurecu.org

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

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


Official website here: www.adventurecu.org

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

Mission Statement of Adventure Credit Union

Adventure Credit Union, with its primary focus on providing a wide range of financial services to its members, is driven by a mission to treat each member with dignity and respect. The organization acts as a responsible steward of its members' assets, valuing its employees and volunteers highly. Maintaining integrity in all its dealings is a top priority, as it seeks to lead in community outreach and building strong relationships.

Serving over 32,000 members, Adventure Credit Union offers loans, deposits, and various other financial products. Its membership base consists of individuals employed in or retired from communications-related organizations, the healthcare industry, disabled or those who work with the disabled, and other select employee groups or those residing in specified Michigan counties. The credit union's dedication to its mission goes beyond financial services, as it strives to create a positive impact on the lives of its members. By offering financial solutions tailored to their unique needs, Adventure Credit Union stands as a trusted partner in their financial journeys.

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Impact




October, 2024

Adventure Credit Union plays a significant role in supporting its members and the broader community by providing a variety of essential financial services. Serving over 32,900 members, the credit union offers loans, deposits, and various financial products tailored to meet the needs of individuals, particularly those employed in or retired from communications-related organizations, the health care industry, and other select employee groups.

Located in Grand Rapids, Michigan, Adventure Credit Union is dedicated to treating its members with dignity and respect, ensuring high levels of integrity in their operations. The organization acts as a good steward of its members' assets while valuing the contributions of its employees and volunteers. Its commitment to community outreach further enhances its impact, fostering strong relationships within its service area, which includes several counties in Michigan. This community-oriented approach not only supports its members financially but also contributes to the overall well-being and development of the regions it serves.




This information is meant to be a general summary of Adventure 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.

Revenue
$22,480,279 (2022)
Expenses
$20,093,597 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $952,167
  • Program Service Revenue: $21,490,956
  • Gross Receipts: $22,480,279

Assets and Liabilities:

  • Total Assets: $437,120,346
  • Total Liabilities: $382,921,688
  • Net Assets: $54,198,658

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Programs

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

LOAN INTEREST INCOME

Revenue

$15,046,095

FEES AND CHARGES

Revenue

$6,346,946

SALE OF MORTGAGES

Revenue

$97,915

Organization Details

Founding Year

1936

Principal Officer

Jerry Maue

Main Address

630 32ND STREET SE, GRAND RAPIDS, MI, 49548

NTEE Category

Code: W60 - Public benefit

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