Unity Credit Union

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

EIN: 381456286 ✦ Warren, MI ✦ Designated as a 501(c)(14)

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Overview

What is Unity Credit Union?

Unity Credit Union is a members-centric financial institution situated at 7240 East Twelve Mile Road, Warren, MI 48092. With a membership of 3,598 individuals as of December 31, 2020, the credit union offers a variety of deposit options, including savings, checking, certificates, and others. Its primary mission, as stated, is to deliver financial services and products to its members, ensuring they have access to necessary financial tools. As of the provided data, the credit union employs a team of 12 individuals to facilitate these services.


Official website here: www.unitycu.com

Is Unity Credit Union legitimate?

Unity Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Unity 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: $106,105
Professional Fundraising Fees: $0
Other Salaries and Wages: $405,374

For more financial information, click here


Official website here: www.unitycu.com

What is the mission statement of Unity Credit Union?

Unity Credit Union's mission, as stated, is centered around providing financial services and products to its members. This mission is executed through various deposit account offerings, such as savings, checking, and certificates, among others. The credit union serves a membership base of 3,598 individuals as of December 31, 2020. In essence, Unity Credit Union seeks to cater to its members' financial needs, offering a range of products to support their financial well-being.


Official website here: www.unitycu.com

Who is the CEO of Unity Credit Union?

Victoria Mcintosh is the Secretary of Unity Credit Union. The CEO's salary of Unity Credit Union is $74,301 and their total compensation is $80,801.


Official website here: www.unitycu.com

What is the revenue of Unity Credit Union?

Unity Credit Union's revenue in 2020 was $1,352,829.


Official website here: www.unitycu.com

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

The average compensation at Unity Credit Union during 2020 was $42,623. There are 12 employees and 5 volunteers at Unity Credit Union.


Here are 5 key members and their salaries (Unity Credit Union's CEO's salary is $74,301 and their total compensation is $80,801):


Dennis Moriarity (Treasurer & Ceo)
  • Compensation: $74,301
  • Related: $0
  • Other: $6,500
Lou Winters (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Redmond (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Connie Mitchell (Vicechairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victoria Mcintosh (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.unitycu.com

Where can I find the form 990 for Unity Credit Union?

Unity Credit Union's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.unitycu.com

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

Mission Statement of Unity Credit Union

Unity Credit Union, as the information suggests, is a financial institution dedicated to serving its members effectively. Its primary mission, as stated, is to provide a variety of financial services and products to its member base. This encompasses several types of deposit accounts, such as savings, checking, and certificates, among others. At the end of 2020, Unity Credit Union boasted a membership of 3,598 individuals. By offering these financial services, the credit union aims to cater to the financial needs of its members, thereby enhancing their overall financial well-being.

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Impact




October, 2024

Unity Credit Union plays a significant role in the financial landscape of Warren, MI, by offering a range of financial services and products tailored to meet the needs of its members. With over 3,598 members as of December 31, 2020, the Credit Union fosters a sense of community and support among its clientele.

By providing accessible options such as savings accounts, checking accounts, and certificates, Unity Credit Union helps individuals manage their finances effectively. This inclusivity not only promotes financial literacy but also encourages saving and prudent financial practices among its members. The emphasis on member-focused services contributes to economic empowerment, enabling members to improve their financial well-being and achieve their personal goals.

Through its commitment to serving the local community, Unity Credit Union embodies the principles of cooperative finance, ensuring that financial services are responsive to the specific needs of its members. Its focus on public benefit solidifies its impact, enhancing the overall quality of life for those it serves in Warren and neighboring areas.




This information is meant to be a general summary of Unity 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
$1,352,829 (2020)
Expenses
$1,152,261 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $681,403
  • Program Service Revenue: $671,426
  • Gross Receipts: $1,352,829

Assets and Liabilities:

  • Total Assets: $54,388,323
  • Total Liabilities: $45,757,027
  • Net Assets: $8,631,296

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Programs

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

Fees and Charges

Revenue

$85,119

Insurance Administration

Revenue

$10,702

Interchange Revenue

Revenue

$52,737

Loan Interest Income

Revenue

$514,118

Other Program Revenue

Revenue

$8,750

Organization Details

Founding Year

1954

Principal Officer

Victoria Mcintosh

Main Address

7240 East Twelve Mile Road, Warren, MI, 48092

NTEE Category

Code: W60 - Public benefit

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