United Bay Community Credit Union

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

EIN: 381395700 ✦ Bay city, MI ✦ Designated as a 501(c)(14)

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Overview

What is United Bay Community Credit Union?

United Bay Community Credit Union is a nonprofit financial institution located at 1309 North Lincoln Avenue, Bay City, MI 48708. With a team of 90 dedicated employees, they serve approximately 17,500 members. Their primary objective is to provide financial services, including loans and deposits, ensuring the financial success of their membership. Their mission is to empower their members by offering resources that aid in establishing strong financial foundations. The credit union offers various financial solutions to meet the diverse needs of its members.


Official website here: www.ubccu.org

Is United Bay Community Credit Union legitimate?

United Bay Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. United Bay 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: $433,467
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,977,849

For more financial information, click here


Official website here: www.ubccu.org

What is the mission statement of United Bay Community Credit Union?

United Bay Community Credit Union's mission is centered around serving its members. Their primary goal is to provide the necessary financial resources to help members establish robust financial foundations. Through their offerings of loans, deposits, and various financial solutions, the credit union works towards ensuring the financial success of its membership. In essence, United Bay Community Credit Union aims to empower its members to build strong financial roots.


Official website here: www.ubccu.org

Who is the CEO of United Bay Community Credit Union?

Diane Abbonizio is the Board Chair of United Bay Community Credit Union. The CEO's salary of United Bay Community Credit Union is $223,962 and their total compensation is $266,413.


Official website here: www.ubccu.org

What is the revenue of United Bay Community Credit Union?

United Bay Community Credit Union's revenue in 2022 was $11,618,988.


Official website here: www.ubccu.org

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

The average compensation at United Bay Community Credit Union during 2022 was $49,015. There are 90 employees and 10 volunteers at United Bay Community Credit Union.


Here are 12 key members and their salaries (United Bay Community Credit Union's CEO's salary is $223,962 and their total compensation is $266,413):


Donald Goulet (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Houle (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Geno (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Johnson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Davene Ivey (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louie Roth (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Ventorne (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lizabeth Howard (Associate Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renay Schmidt (Associate Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Bosco (Associate Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Abbonizio (Ceo)
  • Compensation: $223,962
  • Related: $0
  • Other: $42,451
Doug Kelley (Cfo)
  • Compensation: $130,913
  • Related: $0
  • Other: $36,141


Official website here: www.ubccu.org

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

United Bay Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ubccu.org

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

Mission Statement of United Bay Community Credit Union

United Bay Community Credit Union's mission is centered around providing its members with the necessary resources to establish solid financial foundations. In essence, the credit union seeks to empower its members by offering a variety of financial solutions, including loans and deposit services. By doing so, United Bay Community Credit Union strives to ensure the financial success of its membership base.

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Impact




October, 2024

United Bay Community Credit Union plays a significant role in enhancing the financial well-being of its members in Bay City, MI. By serving approximately 17,500 members, the credit union offers a variety of financial products, including loans and deposit accounts, tailored to meet the diverse needs of its community. Their mission focuses on equipping members with the necessary resources to establish strong financial foundations, promoting long-term economic stability. Through these services, United Bay Community Credit Union contributes to the overall financial success of its membership, fostering a supportive environment that encourages sound financial practices and informed decision-making.




This information is meant to be a general summary of United Bay 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.

Revenue
$11,618,988 (2022)
Expenses
$11,560,753 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $502,269
  • Program Service Revenue: $11,116,719
  • Gross Receipts: $16,799,537

Assets and Liabilities:

  • Total Assets: $281,526,666
  • Total Liabilities: $261,711,326
  • Net Assets: $19,815,340

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Programs

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

LOAN INTEREST INCOME

Revenue

$8,508,299

FEES AND CHARGES

Revenue

$2,592,820

GAIN ON SALE OF MORTGAGES AND LOA

Revenue

$15,600

Organization Details

Founding Year

1949

Principal Officer

Diane Abbonizio

Main Address

1309 NORTH LINCOLN AVENUE, BAY CITY, MI, 487086172

NTEE Category

Code: W60 - Public benefit

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