First United Credit Union

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

EIN: 381370951 ✦ Grandville, MI ✦ Designated as a 501(c)(14)

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Overview

What is First United Credit Union?

First United Credit Union, situated in Grandville, Michigan, serves as a financial partner for its members. With a mission to provide personal, community, and innovative services, the credit union offers various deposit account options such as savings, checking, certificates, and others. As of June 30, 2023, the credit union has a membership count of 4971 individuals. The credit union's activities are geared towards serving its community, ensuring financial security and growth for its members. With a staff of 23 employees, First United Credit Union is committed to maintaining a strong presence and delivering high-quality financial services.


Official website here: www.firstunitedcu.org

Is First United Credit Union legitimate?

First United Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First United 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: $174,568
Professional Fundraising Fees: $0
Other Salaries and Wages: $329,515

For more financial information, click here


Official website here: www.firstunitedcu.org

What is the mission statement of First United Credit Union?

First United Credit Union serves as a financial partner, offering personal, community, and innovative services to its members. Their mission is centered around providing various deposit account options such as savings, checking, certificates, and others. Their commitment extends beyond financial services, aiming to contribute positively to their community as well. As of June 30, 2023, they had a membership base of 4971 individuals.


Official website here: www.firstunitedcu.org

Who is the CEO of First United Credit Union?

Mark A Richter is the Ceo of First United Credit Union. The CEO's salary of First United Credit Union is $98,919 and their total compensation is $108,572.


Official website here: www.firstunitedcu.org

What is the revenue of First United Credit Union?

First United Credit Union's revenue in 2023 was $2,473,769.


Official website here: www.firstunitedcu.org

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

The average compensation at First United Credit Union during 2023 was $21,917. There are 23 employees and 9 volunteers at First United Credit Union.


Here are 8 key members and their salaries (First United Credit Union's CEO's salary is $98,919 and their total compensation is $108,572):


Mark A Richter (Ceo)
  • Compensation: $98,919
  • Related: $0
  • Other: $9,653
Michelle Ross (Cfo)
  • Compensation: $65,568
  • Related: $0
  • Other: $428
Randall M Baker (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Derylo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Russo (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Helder (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurie Hull (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Wietzke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.firstunitedcu.org

Where can I find the form 990 for First United Credit Union?

First United Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.firstunitedcu.org

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

Mission Statement of First United Credit Union

First United Credit Union, serving as a financial partner, is committed to providing personal, community, and innovative services. Their mission, in simple terms, is to cater to their members' financial needs with a variety of deposit account types, including savings, checking, certificates, and others. At the end of June 2023, they had a member base of 4,971 individuals, demonstrating their commitment to their community. Their services aim to cater to the diverse financial needs of their members, ensuring they can manage their finances effectively.

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Impact




October, 2024

First United Credit Union significantly impacts the Grandville community and its members by offering a range of financial services designed to meet diverse needs. With a membership of nearly 5,000 individuals as of mid-2023, the credit union fosters a sense of community and partnership. By providing various deposit account types, including savings, checking, and certificates, First United empowers its members to manage their finances effectively and build wealth. Their commitment to personal, community, and innovative service ensures that members receive tailored financial solutions and support. This focus on public benefit enhances the financial well-being of individuals while contributing to the overall economic health of the region.




This information is meant to be a general summary of First United 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
$2,473,769 (2023)
Expenses
$1,982,297 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $218,962
  • Program Service Revenue: $2,238,075
  • Gross Receipts: $2,473,769

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

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

FEES AND CHARGES

Revenue

$471,183

INSURANCE REIMBURSEMENTS

Revenue

$86,974

INTERCHANGE INCOME

Revenue

$103,833

INTEREST ON LOANS

Revenue

$1,570,607

WARRANTY INCOME

Revenue

$5,478

Organization Details

Founding Year

1937

Principal Officer

Mark A Richter

Main Address

3140 Ivanrest Ave SW, Grandville, MI, 49418

NTEE Category

Code: W60 - Public benefit

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