Overview
What is Credit Union Chartered In The State Of Community Choice Credit Union?
Community Choice Credit Union, chartered in the state of Michigan, is a member-owned, not-for-profit financial cooperative. Established with a commitment to serving as trusted advisors to its members, the credit union aims to enhance their financial lives and contribute to the well-being of the communities in Michigan. With a strong dedication to its core values of commitment, charitability, credibility, and unity, the credit union provides various loan services to its members in need. These loans include mortgages and home equity loans worth $97.1 million, business loans totaling $79.6 million, and auto loans amounting to $295.3 million. By offering these financial solutions, Community Choice Credit Union helps its neighbors achieve their desired lifestyles. The organization employs 469 individuals and is headquartered at 31155 Northwestern Highway, Farmington Hills, MI, 48334.
Official website here: www.communitychoicecu.com
Is Credit Union Chartered In The State Of Community Choice Credit Union legitimate?
Credit Union Chartered In The State Of Community Choice Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Union Chartered In The State Of Community Choice 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: $4,494,141
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,784,867
For more financial information, click here
Official website here: www.communitychoicecu.com
What is the mission statement of Credit Union Chartered In The State Of Community Choice Credit Union?
Community Choice Credit Union is a member-owned, not-for-profit financial cooperative. Their mission is to serve as a trusted advisor to their members and improve their financial lives. Committed to delivering a high quality of life in the communities they serve, the credit union holds four core values: committed, charitable, credible, and united. In the belief that everyone deserves to achieve the life they desire, they have provided loans totaling $97.1 million for mortgages and home equity, $79.6 million for businesses, and $295.3 million for auto loans.
Official website here: www.communitychoicecu.com
Who is the CEO of Credit Union Chartered In The State Of Community Choice Credit Union?
Robert Bava is the Ceo of Credit Union Chartered In The State Of Community Choice Credit Union. The CEO's salary of Credit Union Chartered In The State Of Community Choice Credit Union is $881,109 and their total compensation is $948,167.
Official website here: www.communitychoicecu.com
What is the revenue of Credit Union Chartered In The State Of Community Choice Credit Union?
Credit Union Chartered In The State Of Community Choice Credit Union's revenue in 2022 was $84,137,393.
Official website here: www.communitychoicecu.com
Who are the executives of Credit Union Chartered In The State Of Community Choice Credit Union and what are their salaries?
The average compensation at Credit Union Chartered In The State Of Community Choice Credit Union during 2022 was $60,296. There are 469 employees and 9 volunteers at Credit Union Chartered In The State Of Community Choice Credit Union.
Here are 26 key members and their salaries (Credit Union Chartered In The State Of Community Choice Credit Union's CEO's salary is $881,109 and their total compensation is $948,167):
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- Compensation: $0
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- Compensation: $881,109
- Related: $0
- Other: $67,058
- Compensation: $373,362
- Related: $0
- Other: $48,051
- Compensation: $336,070
- Related: $0
- Other: $35,728
- Compensation: $293,491
- Related: $0
- Other: $45,345
- Compensation: $468,809
- Related: $0
- Other: $58,116
- Compensation: $211,875
- Related: $0
- Other: $41,790
- Compensation: $257,541
- Related: $0
- Other: $22,349
- Compensation: $234,296
- Related: $0
- Other: $24,327
- Compensation: $224,174
- Related: $0
- Other: $22,113
- Compensation: $224,451
- Related: $0
- Other: $37,664
- Compensation: $191,892
- Related: $0
- Other: $32,987
- Compensation: $340,672
- Related: $0
- Other: $20,871
- Compensation: $224,940
- Related: $0
- Other: $32,172
- Compensation: $305,102
- Related: $0
- Other: $24,300
- Compensation: $282,267
- Related: $0
- Other: $13,944
- Compensation: $249,989
- Related: $0
- Other: $33,930
- Compensation: $156,099
- Related: $0
- Other: $21,625
Official website here: www.communitychoicecu.com
Where can I find the form 990 for Credit Union Chartered In The State Of Community Choice Credit Union?
Credit Union Chartered In The State Of Community Choice Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communitychoicecu.com
Learn more at the official website: www.communitychoicecu.com
Mission Statement of Credit Union Chartered In The State Of Community Choice Credit Union
Community Choice Credit Union, a member-owned and not-for-profit financial cooperative, is dedicated to serving as a trusted advisor to its members in Michigan. This credit union is deeply committed to improving the financial lives of its members and enhancing the quality of life within the communities it serves. The organization embodies four core values: commitment, charitability, credibility, and unity, which it strives to deliver with every interaction.
Community Choice Credit Union believes in helping its neighbors achieve the life they desire. This mission is brought to life through various lending initiatives. The credit union has extended over $97.1 million in mortgages and home equity loans, enabling members to secure their dream homes. Small business members have also received support, with the credit union providing $79.6 million in business loans. Furthermore, the organization has offered financial assistance to members looking to purchase new vehicles, lending a total of $295.3 million in auto loans. These lending efforts reflect the credit union's dedication to empowering its members to achieve their financial goals.
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Impact
October, 2024
Community Choice Credit Union significantly impacts its members and the wider communities in Michigan through its commitment to enhancing financial well-being and fostering community development. By providing comprehensive financial services, the credit union plays a crucial role in supporting both individual aspirations and local businesses.
With a robust lending program, it has facilitated significant financial transactions, including $97.1 million in mortgages and home equity loans, allowing members to invest in their homes and improve their living situations. This not only supports individual financial health but also contributes to the stability and growth of neighborhoods.
The institution's dedication to small business support is echoed in the $79.6 million loaned to business members, empowering local enterprises to thrive, create jobs, and stimulate economic growth within the community. Such initiatives are vital for maintaining vibrant local economies.
Additionally, the provision of $295.3 million in auto loans helps members secure reliable transportation, which is essential for commuting, accessing job opportunities, and improving overall quality of life.
Overall, Community Choice Credit Union embodies its mission of helping neighbors achieve the lives they desire, underscoring its core values of being committed, charitable, credible, and united in the service of its members and the surrounding environment. These efforts create a ripple effect, resulting in enhanced financial literacy, increased economic activity, and strengthened community bonds in Michigan.
This information is meant to be a general summary of Credit Union Chartered In The State Of Community Choice 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: $4,664,965
- Program Service Revenue: $76,733,478
- Gross Receipts: $85,568,972
Assets and Liabilities:
- Total Assets: $1,750,069,029
- Total Liabilities: $1,612,556,801
- Net Assets: $137,512,228
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER LOANS
Revenue
$51,819,587
FEES, CHARGES, AND OTHER
Revenue
$24,913,891
Organization Details
Founding Year
1935
Phone
(877) 243-2528Principal Officer
Robert Bava
Main Address
31155 NORTHWESTERN HIGHWAY, FARMINGTON HILLS, MI, 48334
Website
www.communitychoicecu.comNTEE Category
Code: W60 - Public benefit
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