Omni Community Credit Union

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

EIN: 381401260 ✦ Battle creek, MI ✦ Designated as a 501(c)(14)

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Overview

What is Omni Community Credit Union?

Omni Community Credit Union is a nonprofit financial institution located at 3141 Capital Ave SW, Battle Creek, MI, 49015. It serves approximately 45,000 members, offering a range of financial products and services including loans and deposits. The credit union's mission is to encourage savings among its members, provide democratic financial opportunities, and improve their economic and social conditions. With a team of 193 employees, Omni Community Credit Union strives to deliver the best possible financial services at competitive rates while maintaining long-term financial stability.


Official website here: www.omnicommunitycu.org

Is Omni Community Credit Union legitimate?

Omni Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Omni 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: $966,190
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,144,685

For more financial information, click here


Official website here: www.omnicommunitycu.org

What is the mission statement of Omni Community Credit Union?

Omni Community Credit Union is dedicated to encouraging thrift among its members and offering them a range of financial services. The primary goal is to empower members to have control over their money in a democratic setting, aiming to enhance their economic and social condition. The credit union strives to provide the best financial services to its members at competitive rates, ensuring long-term financial stability. With approximately 45,000 members, it serves them by offering loans, deposits, and various other financial products.


Official website here: www.omnicommunitycu.org

Who is the CEO of Omni Community Credit Union?

Theodore Parsons is the Principal Officer of Omni Community Credit Union. The CEO's salary of Omni Community Credit Union is $455,567 and their total compensation is $678,336.


Official website here: www.omnicommunitycu.org

What is the revenue of Omni Community Credit Union?

Omni Community Credit Union's revenue in 2022 was $31,956,998.


Official website here: www.omnicommunitycu.org

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

The average compensation at Omni Community Credit Union during 2022 was $42,025. There are 193 employees and 7 volunteers at Omni Community Credit Union.


Here are 14 key members and their salaries (Omni Community Credit Union's CEO's salary is $455,567 and their total compensation is $678,336):


Roger Davis (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Lambert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Tobias (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Whitlock (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Wood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Woodward (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anna France (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theodore K Parsons (Ceo)
  • Compensation: $455,567
  • Related: $0
  • Other: $222,769
Mark Cramer (Cfo)
  • Compensation: $244,682
  • Related: $0
  • Other: $43,172
Chris Overbeek (Cmo)
  • Compensation: $160,806
  • Related: $0
  • Other: $32,496
Debi Southworth (Coo)
  • Compensation: $178,015
  • Related: $0
  • Other: $27,511
Jason Cain (Cdo)
  • Compensation: $180,072
  • Related: $0
  • Other: $34,968
Joel Pyrad (Cio)
  • Compensation: $149,901
  • Related: $0
  • Other: $9,163
Dominic Tocci (Software Engineer)
  • Compensation: $160,564
  • Related: $0
  • Other: $1,462


Official website here: www.omnicommunitycu.org

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

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


Official website here: www.omnicommunitycu.org

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

Mission Statement of Omni Community Credit Union

Omni Community Credit Union, a thriving financial institution, is dedicated to encouraging savings among its members and providing them with a diverse range of financial services. The credit union's ultimate goal is to offer its members the opportunity to effectively manage their own funds and enhance their economic and social well-being.

The mission of Omni Community Credit Union is twofold. First, it strives to provide top-notch financial services to its approximately 45,000 members at competitive rates. This includes various financial products such as loans and deposits. Second, the credit union aims to maintain its long-term financial stability, ensuring it can continue to serve its members effectively.

By offering competitive rates and a variety of financial products, Omni Community Credit Union empowers its members to take control of their financial futures. From securing loans for important purchases to saving for the future, members benefit from the credit union's commitment to their financial well-being. In doing so, the credit union contributes to its members' overall economic and social improvement.

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Impact




October, 2024

Omni Community Credit Union significantly impacts its members and the broader Battle Creek community by fostering financial empowerment and stability. Serving approximately 45,000 members, the credit union encourages thrift and offers a diverse array of financial services, including loans, deposits, and various other financial products tailored to meet the needs of its members.

By providing these services at competitive rates, Omni Community Credit Union helps improve the economic and social conditions of its members, allowing them to utilize and manage their money democratically. The organization’s commitment to financial stability not only supports its individual members but also contributes positively to the local economy, enhancing the overall quality of life in the community. Through its dedicated efforts, Omni Community Credit Union embodies the principles of member-focused support and financial literacy, making a lasting difference in the lives of those it serves.




This information is meant to be a general summary of Omni 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
$31,956,998 (2022)
Expenses
$24,768,408 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4,316,747
  • Program Service Revenue: $27,317,644
  • Gross Receipts: $32,059,359

Assets and Liabilities:

  • Total Assets: $598,685,081
  • Total Liabilities: $534,889,022
  • Net Assets: $63,796,059

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Programs

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

LOAN INTEREST

Revenue

$16,001,581

FEES & CHARGES

Revenue

$11,316,063

Organization Details

Founding Year

1966

Principal Officer

Theodore Parsons

Main Address

3141 CAPITAL AVE SW, BATTLE CREEK, MI, 490154107

NTEE Category

Code: W60 - Public benefit

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