Overview
What is Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu?
Credit Unions Chartered in the State of Michigan, specifically 48 Lake Michigan Credit Union, is a local nonprofit organization headquartered in Grand Rapids, Michigan. Founded with the mission to promote thrift and offer affordable financial services, this credit union operates as a mutual and nonprofit entity to benefit its members. Run by Sandy Jelinski, it provides a range of financial services and aims to keep costs low. This inclusive financial cooperative plays a crucial role in serving the community by offering financial assistance and fostering saving habits.
Official website here: www.lmcu.org
Is Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu legitimate?
Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu 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: $6,834,001
Professional Fundraising Fees: $0
Other Salaries and Wages: $122,698,590
For more financial information, click here
What is the mission statement of Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu?
This credit union, based in Michigan, is dedicated to promoting thrift and offering affordable financial services to its members. It operates as a mutual and nonprofit organization, ensuring that its primary focus remains on providing financial benefits to those it serves. By encouraging savings and offering low-cost credit, the credit union aims to improve the financial well-being of its members. Additionally, it provides a range of other financial services to cater to various financial needs. Overall, its mission is to support its members through financial services offered in a cooperative and nonprofit manner.
Official website here: www.lmcu.org
Who is the CEO of Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu?
Sandy Jelinski is the Ceo of Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu. The CEO's salary of Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu is $2,604,713 and their total compensation is $2,671,781.
Official website here: www.lmcu.org
What is the revenue of Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu?
Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu's revenue in 2022 was $520,341,837.
Official website here: www.lmcu.org
Who are the executives of Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu and what are their salaries?
The average compensation at Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu during 2022 was $74,659. There are 1,735 employees at Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu.
Here are 25 key members and their salaries (Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu's CEO's salary is $2,604,713 and their total compensation is $2,671,781):
- Sandy Jelinski (Ceo)
- Matt Adler (Mortgage Lo)
- Zac Ellerbroek (Mortgage Lo)
- Razi Qadri (Svp Cioo)
- Emil Izrailov (Mortgage Lo)
- Corbin Buttleman (Mortgage Sal)
- Eric Burgoon (Svp Mortgage)
- Brent Green (Mortgage Sal)
- Peter Dann (Svp Cfo)
- Nora Swart (Svp Cpo)
- Don Bratt (Svp Cmo)
- Mark Powell (Vp Cro)
- Sara Kemperman (Svp Retail O)
- Alicia Force (Svp Consumer)
- Dave Bardolph (Board Member) [Trustee/Director]
- Tim Gortsema (Board Member) [Trustee/Director]
- Brad Mathis (Board Member) [Trustee/Director]
- Tim Myers (Board Member) [Trustee/Director]
- Jack Newberry (Board Member) [Trustee/Director]
- Juan Olivarez (Board Member) [Trustee/Director]
- Cheri Parker (Board Member) [Trustee/Director]
- Bob Partridge (Board Member) [Trustee/Director]
- Mike Rice (Board Member) [Trustee/Director]
- Gretchen Tellman-Partridge (Board Member) [Trustee/Director]
- Bob White (Board Member) [Trustee/Director]
Official website here: www.lmcu.org
Where can I find the form 990 for Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu?
The Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.lmcu.org
Learn more at the official website: www.lmcu.org
Mission Statement of Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu
Credit Unions Chartered in the State of Michigan, specifically 48 Lake Michigan Credit Union, is a nonprofit organization committed to the promotion of thrift and providing affordable credit and financial services to its members. This mutual entity operates on a principle of putting the needs of its members first, offering financial solutions at lower costs than conventional financial institutions. The organization's mission is to create a sustainable financial ecosystem for its members, allowing them to save and access credit when needed, all while fostering a sense of community and cooperation. By operating as a nonprofit, 48 Lake Michigan Credit Union is able to focus on its members' best interests, setting it apart from for-profit financial institutions. The credit union's dedication to its members extends beyond just financial services, as it strives to create a supportive and inclusive environment where individuals can thrive financially.
Impact
This information is meant to be a general summary of Credit Unions Chartered In The State Of Michigan 48 Lake Mich Cu. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Credit Unions Chartered In The State Of Michigan 48 Lake Mich CU's impact lies in its promotion of thrift and provision of low-cost credit and financial services to its members through a mutual and nonprofit organization. Led by Sandy Jelinski in Grand Rapids, MI, this credit union serves the community by offering essential financial services to its members.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON MEMBER LOANS
Revenue
$323,831,667
INTERCHANGE AND OTHER
Revenue
$74,243,492
FEES AND CHARGES ON ACCOUNTS
Revenue
$38,941,533
MORTGAGE SERVICING RIGHTS
Revenue
$20,768,439
INSURANCE REVENUE
Revenue
$2,182,991
Organization Details
Founding Year
1933
Phone
(616) 242-9790
Principal Officer
Sandy Jelinski
Main Address
PO BOX 2848, GRAND RAPIDS, MI, 495012848
Website
www.lmcu.org
NTEE Category
Code: W60 - Public benefit
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