Overview
What is Westacres Credit Union?
Westacres Credit Union is a financial institution based in Orchard Lake, Michigan, specifically located at 3700 WESTACRES DR. With a mission aligned with the Michigan Credit Union Act, this credit union offers a variety of services, including shares and loans such as mortgages, automobiles, and unsecured loans, to its membership base. The organization employs a team of five individuals, dedicated to providing competitive financial products and services to its member community.
Is Westacres Credit Union legitimate?
Westacres Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Westacres 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: $20,741
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,542
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What is the mission statement of Westacres Credit Union?
Westacres Credit Union's mission is centered around providing competitive share deposit and loan services to its membership base, adhering to the guidelines set by the Michigan Credit Union Act. Their primary activities include offering various types of loans, such as mortgages, automobiles, shares, and unsecured loans, to cater to the financial needs of their members.
Who is the CEO of Westacres Credit Union?
Markell Seitzman is the Chairperson/President of Westacres Credit Union.
What is the revenue of Westacres Credit Union?
Westacres Credit Union's revenue in 2022 was $115,476.
Who are the executives of Westacres Credit Union and what are their salaries?
The average compensation at Westacres Credit Union during 2022 was $7,457. There are 5 employees and 16 volunteers at Westacres Credit Union.
Here are 9 key members and their salaries:
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- Compensation: $20,741
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Where can I find the form 990 for Westacres Credit Union?
Westacres Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Westacres Credit Union
Westacres Credit Union is committed to providing its membership base with competitive share deposits and loan products, adhering to the guidelines outlined in the Michigan Credit Union Act. In simpler terms, this financial institution strives to offer its members a variety of savings and borrowing options, ensuring they comply with the regulations set forth by the Michigan Credit Union Act. Westacres Credit Union's mission is to promote financial well-being among its members by offering them a selection of competitive financial products, ensuring they can manage their finances effectively and responsibly.
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Impact
October, 2024
Westacres Credit Union significantly impacts its community by offering competitive share deposits and a variety of loan products tailored to meet the needs of its membership. Located in Orchard Lake, MI, it provides essential financial services, including mortgages, auto loans, share loans, and unsecured loans. By adhering to the Michigan Credit Union Act, Westacres Credit Union ensures that its offerings are designed to benefit members while promoting financial well-being. Its commitment to serving the local community enhances access to affordable banking options and contributes to the overall economic vitality of the area.
This information is meant to be a general summary of Westacres 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: $73,557
- Program Service Revenue: $41,919
- Gross Receipts: $115,476
Assets and Liabilities:
- Total Assets: $7,868,958
- Total Liabilities: $6,950,125
- Net Assets: $918,833
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$41,919
Organization Details
Founding Year
1936
Phone
(248) 363-4376Principal Officer
Markell Seitzman
Main Address
3700 WESTACRES DR, ORCHARD LAKE, MI, 48324
NTEE Category
Code: W61 - Public benefit
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