Overview
What is Consumers Credit Union?
Consumers Credit Union, located in Kalamazoo, Michigan, is a reputable financial institution serving over 132,000 members. They offer various financial products and services, including loans and deposits, aimed at enhancing the economic and social well-being of their membership base. With a team of 483 dedicated employees, the credit union's mission is to deliver quality and innovative financial solutions to contribute positively to their members' lives.
Official website here: www.consumerscu.org
What are the reviews and ratings of this charity?
Consumers Credit Union is not currently rated by Charity Navigator, as it does not fall under their evaluative criteria being a non-501(c)(3) entity. Charity Navigator traditionally relies on metrics such as Accountability & Finance and Impact & Measurement, which are inapplicable in this instance. The absence of a rating does not imply any positive or negative judgment regarding the organization.
As the organization does not file as a 501(c)(3) nonprofit, much of the usual financial transparency data, such as revenue and expenses or key personnel salaries, is not specified. Furthermore, Consumers Credit Union is identified as a subordinate entity within a group ruling, suggesting a complex organizational structure that might influence evaluability.
Despite no specific user reviews from GreatNonprofits to provide qualitative insights, it is essential to note that an evaluation could still be positive, neutral, or negative; the lack of user reviews only implies there's no additional anecdotal evidence to inform public perception at this time.
This AI summary has been generated from information found on Charity Navigator.
Is Consumers Credit Union legitimate?
Consumers Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Consumers 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: $5,363,407
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,899,828
For more financial information, click here
Official website here: www.consumerscu.org
What is the mission statement of Consumers Credit Union?
Consumers Credit Union is dedicated to delivering quality and innovative financial products and services that enhance the economic and social well-being of its membership. This mission statement reflects their commitment to contributing positively to the lives of their members. With over 132,000 members, the credit union offers an array of financial solutions, including loans and deposits, to cater to their diverse needs. The organization's primary goal is to empower its members by providing them with the financial tools they need to thrive. Additionally, Consumers Credit Union offers various financial products, ensuring its members have access to a wide range of options to meet their financial goals. By focusing on delivering high-quality services, the credit union sets itself apart and strengthens its bond with its membership.
Official website here: www.consumerscu.org
Who is the CEO of Consumers Credit Union?
Scott Sylvester is the Coo of Consumers Credit Union. The CEO's salary of Consumers Credit Union is $1,584,974 and their total compensation is $1,619,078.
Official website here: www.consumerscu.org
What is the revenue of Consumers Credit Union?
Consumers Credit Union's revenue in 2022 was $106,396,713.
Official website here: www.consumerscu.org
Who are the executives of Consumers Credit Union and what are their salaries?
The average compensation at Consumers Credit Union during 2022 was $62,657. There are 483 employees and 7 volunteers at Consumers Credit Union.
Here are 24 key members and their salaries (Consumers Credit Union's CEO's salary is $1,584,974 and their total compensation is $1,619,078):
- Compensation: $1,584,974
- Related: $0
- Other: $34,104
- Compensation: $419,985
- Related: $0
- Other: $220,203
- Compensation: $578,021
- Related: $0
- Other: $40,422
- Compensation: $487,927
- Related: $0
- Other: $25,964
- Compensation: $390,472
- Related: $0
- Other: $42,735
- Compensation: $394,330
- Related: $0
- Other: $23,575
- Compensation: $341,669
- Related: $0
- Other: $49,307
- Compensation: $279,961
- Related: $0
- Other: $52,953
- Compensation: $241,639
- Related: $0
- Other: $36,135
- Compensation: $240,009
- Related: $0
- Other: $37,251
- Compensation: $247,262
- Related: $0
- Other: $23,733
- Compensation: $233,573
- Related: $0
- Other: $31,048
- Compensation: $228,538
- Related: $0
- Other: $29,297
- Compensation: $174,172
- Related: $0
- Other: $30,628
- Compensation: $175,683
- Related: $0
- Other: $29,065
- Compensation: $182,507
- Related: $0
- Other: $21,282
- Compensation: $172,573
- Related: $0
- Other: $20,233
- 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.consumerscu.org
Where can I find the form 990 for Consumers Credit Union?
Consumers Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.consumerscu.org
Learn more at the official website: www.consumerscu.org
Mission Statement of Consumers Credit Union
Consumers Credit Union, a leading financial institution, is dedicated to delivering top-tier and innovative financial products and services that significantly contribute to the economic and social welfare of its membership base. The organization's primary objective is to enrich the lives of its members by providing them with access to quality financial solutions.
Serving over 132,000 members, Consumers Credit Union offers a diverse range of financial offerings, including loans and deposits. Its commitment to quality is evident in its continuous pursuit of innovative financial solutions that cater to the evolving needs of its membership. This approach has positioned the credit union as a trusted financial partner, contributing to the economic stability and prosperity of its members.
In essence, Consumers Credit Union is more than just a financial institution; it is a community of individuals united by a shared goal of enhancing their economic well-being and securing a brighter financial future. By offering a comprehensive suite of financial products and services, the credit union fosters an environment of financial empowerment, enabling its members to make informed decisions and achieve their financial goals.
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Impact
October, 2024
Consumers Credit Union plays a significant role in enhancing the economic and social well-being of its community. By offering quality and innovative financial products and services, it has served 132,391 members, providing essential loans, deposits, and various other financial products. Located in Kalamazoo, MI, the credit union is committed to fostering financial stability and growth among its members, contributing positively to the local economy. Its focus on the public benefit ensures that financial services are accessible and tailored to meet the diverse needs of its membership, promoting community engagement and supporting individual financial journeys.
This information is meant to be a general summary of Consumers 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: $708,436
- Program Service Revenue: $105,688,277
- Gross Receipts: $106,671,396
Assets and Liabilities:
- Total Assets: $2,031,988,351
- Total Liabilities: $1,843,965,051
- Net Assets: $188,023,300
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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
$68,217,208
FEES AND OTHER INCOME
Revenue
$33,052,360
GAINS ON SALES OF LOANS
Revenue
$4,407,896
INSURANCE COMMISSIONS
Revenue
$10,813
Organization Details
Founding Year
1951
Phone
(269) 345-7804Principal Officer
Scott Sylvester
Main Address
7200 ELM VALLEY DRIVE, KALAMAZOO, MI, 49009
Website
www.consumerscu.orgNTEE Category
Code: W60 - Public benefit
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