Overview
What is Michigan United Credit Union?
Michigan United Credit Union is a credit union located in Birmingham, Michigan, with an address at 576 E Lincoln. As a member-owned financial institution, it offers deposit accounts such as savings, checking, certificates, and other types to its 23,876 active members as of December 31, 2022. With a mission to enhance the financial well-being of its members, the credit union provides essential financial services and strives for education, trust, and innovation. The team, consisting of 93 employees, is dedicated to improving the lives of their members.
Official website here: www.michiganunitedcu.org/
Is Michigan United Credit Union legitimate?
Michigan United Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Michigan United 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: $650,857
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,500,477
For more financial information, click here
Official website here: www.michiganunitedcu.org/
What is the mission statement of Michigan United Credit Union?
Michigan United Credit Union is dedicated to enhancing the financial well-being of its members. Through a commitment to education, trust, and innovative financial solutions, the credit union aims to make a positive impact on its members' lives. The credit union offers various deposit account options to its members, including savings, checking, certificates, and other types. With a membership base of over 23,000 active individuals as of December 31, 2022, Michigan United Credit Union continues to expand its reach and provide financial services to a growing community.
Official website here: www.michiganunitedcu.org/
Who is the CEO of Michigan United Credit Union?
Andrew Staley is the Ceo/President of Michigan United Credit Union. The CEO's salary of Michigan United Credit Union is $279,000 and their total compensation is $319,395.
Official website here: www.michiganunitedcu.org/
What is the revenue of Michigan United Credit Union?
Michigan United Credit Union's revenue in 2022 was $11,922,409.
Official website here: www.michiganunitedcu.org/
Who are the executives of Michigan United Credit Union and what are their salaries?
The average compensation at Michigan United Credit Union during 2022 was $44,638. There are 93 employees and 15 volunteers at Michigan United Credit Union.
Here are 15 key members and their salaries (Michigan United Credit Union's CEO's salary is $279,000 and their total compensation is $319,395):
- Compensation: $279,000
- Related: $0
- Other: $40,395
- Compensation: $135,135
- Related: $0
- Other: $33,091
- Compensation: $142,102
- Related: $0
- Other: $21,135
- 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
- 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.michiganunitedcu.org/
Where can I find the form 990 for Michigan United Credit Union?
Michigan United Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.michiganunitedcu.org/
Learn more at the official website: www.michiganunitedcu.org/
Mission Statement of Michigan United Credit Union
Michigan United Credit Union, with its mission to provide financial services to a community of like-minded members, is dedicated to enhancing the financial wellbeing of each individual through education, trust, and innovative offerings. This member-owned institution prioritizes the improvement of its members' financial lives, going beyond the scope of traditional banking services.
At the heart of Michigan United Credit Union's operations is a commitment to fostering financial literacy and empowerment among its members. By offering a range of deposit account types, including savings, checking, certificates, and more, the Credit Union provides its members with the tools they need to effectively manage their funds. This approach not only helps members build financial security but also fosters a sense of trust and confidence in their financial future.
Michigan United Credit Union's dedication to its members extends beyond basic financial services. Through its innovative products and services, the Credit Union aims to cater to the unique financial needs of each member, ensuring they have access to the resources they require to thrive. With a commitment to enhancing the financial lives of its members, Michigan United Credit Union continues to be a trusted partner in the financial journeys of its community.
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Impact
October, 2024
Michigan United Credit Union significantly enhances the financial well-being of its members through a variety of services designed to meet their unique needs. With over 23,876 active members as of December 31, 2022, the credit union fosters a strong community by offering a range of deposit accounts, including savings, checking, and certificates. This tailored approach supports members in achieving their financial goals while promoting financial literacy and trust.
By prioritizing education and innovation, Michigan United Credit Union empowers its members to make informed financial decisions. This commitment results in improved financial lives and stronger ties within the community, as members benefit from the credit union's focus on delivering value-driven products and services. The organization plays a vital role in ensuring its members have access to the resources they need for financial success, enhancing public benefit in the Birmingham, MI area.
This information is meant to be a general summary of Michigan United 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: $1,760,479
- Program Service Revenue: $10,161,930
- Gross Receipts: $12,215,109
Assets and Liabilities:
- Total Assets: $357,324,452
- Total Liabilities: $324,176,449
- Net Assets: $33,148,003
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Charges
Revenue
$2,802,326
Insurance Related Revenue
Revenue
$36,334
Interchange Income
Revenue
$1,195,084
Loan Interest Income
Revenue
$6,110,017
Non-Member ATM Fees
Revenue
$14,433
Organization Details
Founding Year
1931
Phone
(248) 647-5958Principal Officer
Andrew Staley
Main Address
576 E Lincoln, Birmingham, MI, 48009
Website
www.michiganunitedcu.org/NTEE Category
Code: W60 - Public benefit
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