Overview
What is Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered In The State Of Michigan, specifically Astera Credit Union, is a nonprofit organization situated in Lansing, Michigan. Their primary focus is to offer financial services to their member-owners who share a common bond. This includes providing regular shares, share drafts, money market accounts, certificates, and Individual Retirement Accounts (IRA). With a team of 84 dedicated employees, their mission is to cater to their members' financial needs and contribute positively to their financial well-being.
Official website here: www.asteracu.com
Is Credit Unions Chartered In The State Of Michigan legitimate?
Credit Unions Chartered In The State Of Michigan is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions Chartered In The State Of Michigan 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: $594,644
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,811,205
For more financial information, click here
Official website here: www.asteracu.com
What is the mission statement of Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered in the State of Michigan's mission is centered around providing financial services to its member-owners who share a common bond. The primary objective is to offer services such as regular shares, share drafts, money market accounts, certificates, and Individual Retirement Accounts (IRA) to its members. The mission of this organization is to serve its members effectively, fostering financial well-being within its community.
Official website here: www.asteracu.com
Who is the CEO of Credit Unions Chartered In The State Of Michigan?
Martin Carter is the President/Ceo of Credit Unions Chartered In The State Of Michigan. The CEO's salary of Credit Unions Chartered In The State Of Michigan is $200,829 and their total compensation is $234,141.
Official website here: www.asteracu.com
What is the revenue of Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered In The State Of Michigan's revenue in 2022 was $11,400,277.
Official website here: www.asteracu.com
Who are the executives of Credit Unions Chartered In The State Of Michigan and what are their salaries?
The average compensation at Credit Unions Chartered In The State Of Michigan during 2022 was $40,546. There are 84 employees and 9 volunteers at Credit Unions Chartered In The State Of Michigan.
Here are 11 key members and their salaries (Credit Unions Chartered In The State Of Michigan's CEO's salary is $200,829 and their total compensation is $234,141):
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- Other: $0
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- Compensation: $200,829
- Related: $0
- Other: $33,312
- Compensation: $184,629
- Related: $0
- Other: $23,408
- Compensation: $127,798
- Related: $0
- Other: $24,668
Official website here: www.asteracu.com
Where can I find the form 990 for Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered In The State Of Michigan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.asteracu.com
Learn more at the official website: www.asteracu.com
Mission Statement of Credit Unions Chartered In The State Of Michigan
Credit Unions Chartered In Michigan, as the name suggests, is a financial institution committed to serving its member-owners. The organization's mission is to provide a diverse range of financial services, including regular shares, share drafts, money market accounts, certificates, and Individual Retirement Accounts (IRAs). By doing so, Credit Unions Chartered In Michigan aims to cater to the financial needs of its members, who share a common bond. This mission is a testament to the organization's dedication to its member-owners, offering them financial tools and resources to manage their finances effectively.
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Impact
October, 2024
Credit Unions Chartered In The State Of Michigan significantly enhances the financial landscape for its member owners by offering a variety of tailored financial services. By focusing on individuals with a common bond, these credit unions foster a sense of community and shared purpose among their members.
With services such as regular shares, share drafts, money market accounts, certificates, and IRA accounts, they provide essential tools for saving, investing, and planning for the future. This diverse range of offerings not only encourages sound financial habits but also empowers members to take control of their financial well-being.
Moreover, the emphasis on member ownership ensures that profits can be reinvested back into the community and the services provided. This approach contributes to local economic growth, creating a positive ripple effect throughout the community. By promoting access to affordable financial resources, Credit Unions Chartered In The State Of Michigan play a critical role in enhancing financial literacy, stability, and overall economic health for their members and the wider community in Michigan.
This information is meant to be a general summary of Credit Unions Chartered In The State Of Michigan. 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: $1,094,388
- Program Service Revenue: $9,562,069
- Gross Receipts: $11,469,743
Assets and Liabilities:
- Total Assets: $194,990,190
- Total Liabilities: $185,522,727
- Net Assets: $9,467,463
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER LOAN INTEREST INCOME
Revenue
$5,456,722
FEES
Revenue
$4,105,347
Organization Details
Founding Year
1949
Phone
(517) 321-5135Principal Officer
Martin Carter
Main Address
111 S WAVERLY RD, LANSING, MI, 48917
Website
www.asteracu.comNTEE Category
Code: W60 - Public benefit
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