Overview
What is Financialedge Community Credit Union?
Financialedge Community Credit Union is a financial institution situated in Bay City, Michigan, dedicated to serving its member-owners who share a common bond. With a membership of 8,972 individuals and 19,395 member accounts as of December 31, 2022, the credit union offers various deposit options. Additionally, it provides loans to its members, with a total of 5,491 outstanding loans by the same date. The credit union's mission is to offer financial services, ensuring that its member-owners have access to different deposit account types and loans.
Official website here: www.finedgecu.org
Is Financialedge Community Credit Union legitimate?
Financialedge Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Financialedge Community 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: $472,783
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,705,373
For more financial information, click here
Official website here: www.finedgecu.org
What is the mission statement of Financialedge Community Credit Union?
The Financialedge Community Credit Union's mission is centered around providing financial services. It caters to individuals who share a common bond, operating with the objective of serving as many member-owners as possible. The credit union offers various deposit account options and extends loans to its members. As of December 31, 2022, it boasts a membership base of 8,972 and manages 19,395 member accounts. Additionally, the credit union has a substantial number of outstanding loans, totaling 5,491 by the same date.
Official website here: www.finedgecu.org
Who is the CEO of Financialedge Community Credit Union?
Jeremy Coberley is the President/Ceo of Financialedge Community Credit Union. The CEO's salary of Financialedge Community Credit Union is $190,751 and their total compensation is $190,751.
Official website here: www.finedgecu.org
What is the revenue of Financialedge Community Credit Union?
Financialedge Community Credit Union's revenue in 2022 was $5,984,878.
Official website here: www.finedgecu.org
Who are the executives of Financialedge Community Credit Union and what are their salaries?
The average compensation at Financialedge Community Credit Union during 2022 was $53,126. There are 41 employees at Financialedge Community Credit Union.
Here are 12 key members and their salaries (Financialedge Community Credit Union's CEO's salary is $190,751 and their total compensation is $190,751):
- Compensation: $190,751
- Related: $0
- Other: $0
- Compensation: $97,573
- Related: $0
- Other: $0
- Compensation: $93,698
- Related: $0
- Other: $0
- Compensation: $90,761
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.finedgecu.org
Where can I find the form 990 for Financialedge Community Credit Union?
Financialedge Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.finedgecu.org
Learn more at the official website: www.finedgecu.org
Mission Statement of Financialedge Community Credit Union
Financialedge Community Credit Union, a credit union chartered in Michigan, is committed to providing financial services to its member-owners who share a common bond. Its mission is to offer a variety of deposit accounts to its members, catering to their financial needs. As of December 31, 2022, the credit union boasts a membership of 8,972 individuals and manages 19,395 member accounts.
In addition to deposit services, Financialedge Community Credit Union extends loans to its members. By the end of the same year, the credit union had issued 5,491 loans, demonstrating its commitment to helping its members manage their finances effectively. The credit union's mission is to serve its members by offering them financial solutions that meet their unique needs, fostering financial stability and growth within its community of member-owners.
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Impact
October, 2024
FinancialEdge Community Credit Union plays a significant role in the economic well-being of its members in Bay City, Michigan. With a focus on providing tailored financial services, it serves a community of 8,972 members, offering them access to 19,395 account types. This inclusive system empowers members by facilitating saving and investment opportunities.
In addition to deposit accounts, FinancialEdge actively supports its members through various loan options, resulting in a total of 5,491 outstanding loans as of December 31, 2022. This lending service enhances the financial stability and purchasing power of individuals, enabling them to invest in homes, education, and other essential needs.
By creating a supportive financial environment rooted in a shared community bond, FinancialEdge Community Credit Union fosters economic growth and promotes financial literacy, contributing positively to the overall prosperity of Bay City residents.
This information is meant to be a general summary of Financialedge Community 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: $682,396
- Program Service Revenue: $5,302,482
- Gross Receipts: $5,984,878
Assets and Liabilities:
- Total Assets: $124,800,914
- Total Liabilities: $112,121,348
- Net Assets: $12,679,566
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ATM INCOME
Revenue
$11,258
INCOME FROM LOANS
Revenue
$3,501,847
INSURANCE INCOME
Revenue
$13,065
OTHER INCOME
Revenue
$1,776,312
Organization Details
Founding Year
1950
Phone
(989) 892-6088Principal Officer
Jeremy Coberley
Main Address
1199 S EUCLID AVE, BAY CITY, MI, 48706
Website
www.finedgecu.orgNTEE Category
Code: W60 - Public benefit
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