Overview
What is Michigan Educational Credit Union?
Michigan Educational Credit Union is a nonprofit financial institution located at 9200 Haggerty Rd, Plymouth, MI, 48170, offering services to a membership base of 50,274 individuals. Their mission is to provide top-notch, comprehensive, and cost-effective financial services to their member-owners. The Credit Union offers various account types, including regular shares, share drafts, certificates of deposit, and IRAs, with a combined total of 95,737. Their primary focus is to cater to the financial needs of their members with a common bond. With a workforce of 102 employees, they deliver quality financial services to their community.
Official website here: www.michedcu.org
Is Michigan Educational Credit Union legitimate?
Michigan Educational Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Michigan Educational 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $3,767,272
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,796,183
For more financial information, click here
What is the mission statement of Michigan Educational Credit Union?
The Michigan Educational Credit Union is dedicated to delivering quality, comprehensive, and cost-effective financial services to its member-owners. This financial institution prides itself on providing a wide range of offerings, including regular shares, share draft accounts, certificates of deposit, and Individual Retirement Accounts. With a membership base of over 50,000 individuals, the credit union serves its community by offering them financial solutions that cater to their diverse needs. The mission of Michigan Educational Credit Union is to enrich the lives of its members by ensuring access to dependable financial services, thereby contributing to their financial well-being.
Official website here: www.michedcu.org
Who is the CEO of Michigan Educational Credit Union?
Robert G Sandercock is the Principal Officer of Michigan Educational Credit Union. The CEO's salary of Michigan Educational Credit Union is $1,853,686 and their total compensation is $1,956,335.
Official website here: www.michedcu.org
What is the revenue of Michigan Educational Credit Union?
Michigan Educational Credit Union's revenue in 2022 was $30,107,433.
Official website here: www.michedcu.org
Who are the executives of Michigan Educational Credit Union and what are their salaries?
The average compensation at Michigan Educational Credit Union during 2022 was $74,152. There are 102 employees at Michigan Educational Credit Union.
Here are 20 key members and their salaries (Michigan Educational Credit Union's CEO's salary is $1,853,686 and their total compensation is $1,956,335):
- Robert Sandercock (Chief Executive Officer)
- Henry Willson (Executive Vice President)
- Jeffrey Cusmano (Vice President)
- Kevin Finneran (Chief Financial Officer)
- Joseph Rassette (Vice President- It)
- Ellen Goers (Vice President- Accounting)
- Lisa Kania (Branch Manager)
- Andrea Klebba (Executive Assistant)
- Emily Fricks (Marketing Supervisor)
- Kelly Borowski (Branch Manager)
- Nichole Hatch (Branch Manager)
- Alonzo Glaze (Chairperson) [Trustee/Director]
- Steven Rodriguez (Vice Chairperson) [Trustee/Director]
- William Wooster (Treasurer) [Trustee/Director]
- Robin J E Long (Secretary) [Trustee/Director]
- Amy Mcquiston (Director)
- Michelle Randall (Director)
- Gregory Baracy (Director)
- Scott Szukaitis (Director)
- Deborah Elliston (Director)
Official website here: www.michedcu.org
Where can I find the form 990 for Michigan Educational Credit Union?
The Michigan Educational Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.michedcu.org
Learn more at the official website: www.michedcu.org
Mission Statement of Michigan Educational Credit Union
Michigan Educational Credit Union, with a mission to provide financial services to member owners sharing a common bond, is dedicated to offering high-quality, comprehensive, and cost-effective financial solutions. The credit union caters to a membership base of 50,274 individuals, providing them with a range of services including regular shares, share draft accounts, certificates of deposit, and Individual Retirement Accounts (IRAs), collectively totaling 95,737. By doing so, Michigan Educational Credit Union aims to help its members manage their finances effectively and efficiently. The credit union's commitment to its members extends beyond basic financial services, as it strives to ensure that each member receives personalized attention and tailored financial advice to meet their unique needs. In essence, Michigan Educational Credit Union serves as a trusted financial partner for its members, empowering them to make informed decisions and build a secure financial future.
Impact
This information is meant to be a general summary of Michigan Educational Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Michigan Educational Credit Union has a significant impact on the community by providing essential financial services to its member owners with a common bond. With over 50,000 members in Plymouth, MI, the credit union offers regular shares, share draft accounts, certificates of deposit, and IRA accounts totaling over $95,000. Through its mission to provide quality, comprehensive, and cost-effective financial services, Michigan Educational Credit Union plays a crucial role in supporting the financial well-being of its members and contributing to the overall economic stability of the community.
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.
LOAN INTEREST
Revenue
$18,105,637
FEE/OTHER INCOME
Revenue
$3,888,537
Organization Details
Founding Year
1942
Phone
(734) 455-9200
Principal Officer
Robert G Sandercock
Main Address
9200 HAGGERTY RD, PLYMOUTH, MI, 48170
Website
www.michedcu.org
NTEE Category
Code: W60 - Public benefit
If you are a representative of Michigan Educational Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.