1199 Cornerstone Community Financial Credit Union

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

EIN: 381418001 ✦ Auburn hills, MI ✦ Designated as a 501(c)(14)

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Overview

What is 1199 Cornerstone Community Financial Credit Union?

1199 Cornerstone Community Financial Credit Union is a Michigan-based credit union with a strong commitment to its community. Located at 2955 University Drive in Auburn Hills, this credit union holds significant financial power with over $345 million in loans issued to members as of December 31, 2022. Its mission is to revolutionize the member experience and adapt to evolving needs. The credit union's team of 129 employees is dedicated to being a leading community-focused financial institution, empowering members to achieve their financial goals.


Official website here: www.ccfinancial.com

Is 1199 Cornerstone Community Financial Credit Union legitimate?

1199 Cornerstone Community Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 1199 Cornerstone Community Financial 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: $752,519
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,413,193

For more financial information, click here


Official website here: www.ccfinancial.com

What is the mission statement of 1199 Cornerstone Community Financial Credit Union?

The 1199 Cornerstone Community Financial Credit Union is dedicated to being a leading community-focused financial institution that helps members attain their financial objectives. Their mission is to revolutionize the member experience and adapt to the evolving needs of both members and their communities. As of December 31, 2022, the credit union has extended loans totaling over $345 million to its members.


Official website here: www.ccfinancial.com

Who is the CEO of 1199 Cornerstone Community Financial Credit Union?

Heidi Kassab is the Chairperson of 1199 Cornerstone Community Financial Credit Union. The CEO's salary of 1199 Cornerstone Community Financial Credit Union is $421,718 and their total compensation is $470,210.


Official website here: www.ccfinancial.com

What is the revenue of 1199 Cornerstone Community Financial Credit Union?

1199 Cornerstone Community Financial Credit Union's revenue in 2022 was $21,603,999.


Official website here: www.ccfinancial.com

Who are the executives of 1199 Cornerstone Community Financial Credit Union and what are their salaries?

The average compensation at 1199 Cornerstone Community Financial Credit Union during 2022 was $47,796. There are 129 employees and 9 volunteers at 1199 Cornerstone Community Financial Credit Union.


Here are 17 key members and their salaries (1199 Cornerstone Community Financial Credit Union's CEO's salary is $421,718 and their total compensation is $470,210):


Leo Moses (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Baker (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Mcglinchey (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Green (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Else Ii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Woodward (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Beaumont (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Ozdowy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jackie Macon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heidi Kassab (President/Ceo)
  • Compensation: $421,718
  • Related: $0
  • Other: $48,492
Mark Evenson (Cfo)
  • Compensation: $160,255
  • Related: $0
  • Other: $32,401
Beth Wielgat (Cfo (Previous))
  • Compensation: $83,199
  • Related: $0
  • Other: $6,454
Christopher Mangeno (Vp Of Lending And Collecti)
  • Compensation: $172,834
  • Related: $0
  • Other: $33,251
David Shosey (Vp Of It)
  • Compensation: $149,823
  • Related: $0
  • Other: $32,158
Jennifer Dickey (Chief Experience Officer)
  • Compensation: $167,614
  • Related: $0
  • Other: $12,376
Steve Flores (Vp Of Operations)
  • Compensation: $132,562
  • Related: $0
  • Other: $28,426
Jennifer Bleau (Vp Of Marketing)
  • Compensation: $136,645
  • Related: $0
  • Other: $34,316


Official website here: www.ccfinancial.com

Where can I find the form 990 for 1199 Cornerstone Community Financial Credit Union?

1199 Cornerstone Community Financial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ccfinancial.com

Learn more at the official website: www.ccfinancial.com

Mission Statement of 1199 Cornerstone Community Financial Credit Union

1199 Cornerstone Community Financial Credit Union is a leading community-focused credit union, serving as the cornerstone for its members to achieve their financial goals. This mission drives the institution to revolutionize the service experience, adapting to the evolving needs of its members and communities. With over $345 million in loans extended to members as of December 31, 2022, 1199 Cornerstone Community Financial Credit Union has planted deep roots in fulfilling its commitment to financial empowerment. By focusing on the unique requirements of each member and community, the credit union consistently delivers innovative solutions tailored to their financial aspirations.

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Impact




October, 2024

1199 Cornerstone Community Financial Credit Union plays a vital role in enhancing the financial well-being of its members and the surrounding community. By providing access to over $345 million in loans as of December 31, 2022, the credit union empowers individuals to achieve their financial goals, whether for personal development, home ownership, or education.

Located in Auburn Hills, MI, the organization is dedicated to revolutionizing the service experience to meet the evolving needs of its members. This commitment ensures that community members have the necessary resources and support to navigate their financial journeys effectively. The focus on community and member service positions 1199 Cornerstone as a cornerstone institution that not only facilitates financial growth but also fosters a strong sense of community well-being.




This information is meant to be a general summary of 1199 Cornerstone Community Financial 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
$21,603,999 (2022)
Expenses
$16,880,842 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $617,399
  • Program Service Revenue: $20,973,348
  • Gross Receipts: $21,603,999

Assets and Liabilities:

  • Total Assets: $409,250,365
  • Total Liabilities: $361,318,282
  • Net Assets: $47,932,083

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Programs

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

LOAN INCOME

Revenue

$15,600,739

FEE INCOME

Revenue

$5,372,609

Organization Details

Founding Year

1951

Principal Officer

Heidi Kassab

Main Address

2955 UNIVERSITY DRIVE, AUBURN HILLS, MI, 48326

NTEE Category

Code: W60 - Public benefit

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