Gr Consumers Credit Union

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

EIN: 381370948 ✦ Wyoming, MI ✦ Designated as a 501(c)(14)

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Overview

What is Gr Consumers Credit Union?

Gr Consumers Credit Union is a member-oriented financial institution located in Wyoming, Michigan. With a membership count of 3,133 as of December 31, 2022, the credit union offers various deposit account options, such as savings, checking, and certificate accounts. Their primary mission is to deliver financial services and products to their members, ensuring they have accessible and reliable financial solutions. The credit union's team comprises 21 dedicated employees, dedicated to serving the financial needs of their members.


Official website here: www.grccu.com

Is Gr Consumers Credit Union legitimate?

Gr Consumers Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Gr Consumers 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: $165,417
Professional Fundraising Fees: $0
Other Salaries and Wages: $444,720

For more financial information, click here


Official website here: www.grccu.com

What is the mission statement of Gr Consumers Credit Union?

Gr Consumers Credit Union's mission is centered around offering financial services and products to its members. The credit union strives to cater to its member base, providing a range of deposit accounts such as savings, checking, and certificate accounts. As of December 31, 2022, the credit union had a membership of 3,133 individuals. The organization's primary focus remains on serving its members financially, ensuring they have access to the necessary financial tools to manage their funds effectively.


Official website here: www.grccu.com

Who is the CEO of Gr Consumers Credit Union?

Timothy Kindred is the Ceo of Gr Consumers Credit Union. The CEO's salary of Gr Consumers Credit Union is $153,016 and their total compensation is $165,417.


Official website here: www.grccu.com

What is the revenue of Gr Consumers Credit Union?

Gr Consumers Credit Union's revenue in 2022 was $2,073,782.


Official website here: www.grccu.com

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

The average compensation at Gr Consumers Credit Union during 2022 was $29,054. There are 21 employees and 7 volunteers at Gr Consumers Credit Union.


Here are 8 key members and their salaries (Gr Consumers Credit Union's CEO's salary is $153,016 and their total compensation is $165,417):


Timothy Kindred (Ceo)
  • Compensation: $153,016
  • Related: $0
  • Other: $12,401
Rex Welbon (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcie Ver Beek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debra Hines (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Falconer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Cardosa (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alfred Vantvoort (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Huvaere (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.grccu.com

Where can I find the form 990 for Gr Consumers Credit Union?

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


Official website here: www.grccu.com

Learn more at the official website: www.grccu.com

Mission Statement of Gr Consumers Credit Union

Gr Consumers Credit Union, as per its mission, is committed to offering financial services and products to its members. This nonprofit organization caters to its members' needs by providing various deposit account options, such as savings, checking, and certificate accounts. At the end of 2022, the Union boasted a membership base of 3,133 individuals.

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Impact




October, 2024

Gr Consumers Credit Union significantly impacts the community by providing essential financial services and products to its members. Located in Wyoming, MI, it offers a variety of deposit account options, including savings, checking, and certificates, which help individuals manage their finances effectively. With a membership base of over 3,100 as of December 31, 2022, the Credit Union fosters financial stability and empowerment within the community. Its mission is centered on serving the needs of its members, ensuring access to reliable financial resources that promote personal and community growth. This commitment to public benefit enhances the overall economic well-being of the area, contributing to a stronger, more financially secure community.




This information is meant to be a general summary of Gr Consumers 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
$2,073,782 (2022)
Expenses
$1,779,016 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $430,109
  • Program Service Revenue: $1,643,673
  • Gross Receipts: $2,073,782

Assets and Liabilities:

  • Total Assets: $49,222,600
  • Total Liabilities: $41,287,576
  • Net Assets: $7,935,024

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Programs

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

ATM Surcharge

Revenue

$672

Insurance Income

Revenue

$39,414

Interchange Income

Revenue

$283,885

Interest on Loans

Revenue

$961,634

Other Fees & Charges

Revenue

$358,068

Organization Details

Founding Year

1941

Principal Officer

Timothy Kindred

Main Address

3975 Clay Avenue SW, Wyoming, MI, 49548

NTEE Category

Code: W60 - Public benefit

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