Overview
What is Alpena Alcona Area Credit Union?
Alpena Alcona Area Credit Union is a member-owned financial institution based in Alpena, Michigan. With over 33,000 members, they offer a variety of savings accounts such as regular, preferred, money market, and Christmas club, as well as share drafts, certificates of deposit, health savings, and escrow accounts, totaling 79,005 in assets. Their mission is to provide reliable financial services to their members, pledging to simplify their lives, work in their best interests, and advocate for their financial needs. The credit union employs 117 individuals dedicated to making a difference in the financial lives of their members.
Official website here: www.aaacu.com
Is Alpena Alcona Area Credit Union legitimate?
Alpena Alcona Area Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Alpena Alcona Area 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: $602,620
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,374,997
For more financial information, click here
Official website here: www.aaacu.com
What is the mission statement of Alpena Alcona Area Credit Union?
The Alpena Alcona Area Credit Union is dedicated to serving its member-owners by providing them with essential financial services. With a strong commitment to putting the interests of its members first, the credit union promises to simplify their financial lives, advocate for their financial needs, and work in their best interests. The mission of the Alpena Alcona Area Credit Union is to build trust and value as a reliable financial partner, offering various savings accounts, share drafts, certificates of deposit, health savings accounts, and esrow accounts to cater to the financial needs of its 33,786 members.
Official website here: www.aaacu.com
Who is the CEO of Alpena Alcona Area Credit Union?
Donald J Mills is the Chairperson of Alpena Alcona Area Credit Union. The CEO's salary of Alpena Alcona Area Credit Union is $443,599 and their total compensation is $500,629.
Official website here: www.aaacu.com
What is the revenue of Alpena Alcona Area Credit Union?
Alpena Alcona Area Credit Union's revenue in 2022 was $23,924,797.
Official website here: www.aaacu.com
Who are the executives of Alpena Alcona Area Credit Union and what are their salaries?
The average compensation at Alpena Alcona Area Credit Union during 2022 was $42,544. There are 117 employees and 14 volunteers at Alpena Alcona Area Credit Union.
Here are 15 key members and their salaries (Alpena Alcona Area Credit Union's CEO's salary is $443,599 and their total compensation is $500,629):
- Compensation: $0
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- Compensation: $443,599
- Related: $0
- Other: $57,030
- Compensation: $89,248
- Related: $0
- Other: $12,743
- Compensation: $170,637
- Related: $0
- Other: $22,019
- Compensation: $226,492
- Related: $0
- Other: $35,394
- Compensation: $164,958
- Related: $0
- Other: $22,578
- Compensation: $130,942
- Related: $0
- Other: $19,915
Official website here: www.aaacu.com
Where can I find the form 990 for Alpena Alcona Area Credit Union?
Alpena Alcona Area Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aaacu.com
Learn more at the official website: www.aaacu.com
Mission Statement of Alpena Alcona Area Credit Union
Alpena Alcona Area Credit Union, a trusted financial partner, is dedicated to providing financial services to its member-owners. With a promise to simplify their members' lives, work in their best interests, and act as their advocates, the credit union strives to help individuals achieve their financial needs.
The mission of Alpena Alcona Area Credit Union is twofold. First and foremost, they offer a range of financial accounts tailored to their members' needs. These include regular savings, preferred savings, money market, share drafts, Christmas club, vacation club, IRA, certificates of deposit, health savings, and escrow accounts, totaling 79,005.
Second, Alpena Alcona Area Credit Union is committed to being more than just a financial institution. They prioritize their members and work tirelessly to ensure their financial wellbeing. By simplifying complex financial matters and providing personalized attention, the credit union helps its members navigate the intricacies of managing their money. In doing so, they become an invaluable resource and partner, empowering their members to make informed decisions and reach their financial goals.
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Impact
October, 2024
Alpena Alcona Area Credit Union (AAACU) plays a significant role in its community by providing essential financial services to its 33,786 members. It offers a variety of accounts, including regular savings, preferred savings, money market accounts, and specialized offerings like Christmas and vacation clubs, IRA options, certificates of deposit, health savings, and escrow accounts. In total, these services amount to $79,005, reflecting a strong commitment to the financial well-being of its member-owners.
AAACU's mission is centered around being a trusted and valued financial partner, emphasizing a member promise to simplify financial management, work in the best interests of members, and advocate for their needs. This commitment fosters financial literacy and empowerment within the community, allowing individuals to achieve their financial goals and improve their overall quality of life. By prioritizing the unique needs of its members, AAACU reinforces the foundation of trust and support vital for fostering economic resilience and growth within Alpena and the surrounding areas.
This information is meant to be a general summary of Alpena Alcona Area 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: $3,555,277
- Program Service Revenue: $20,162,032
- Gross Receipts: $24,160,869
Assets and Liabilities:
- Total Assets: $575,272,399
- Total Liabilities: $507,918,697
- Net Assets: $67,353,702
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$14,598,709
FEE AND OTHER INCOME
Revenue
$5,529,755
FINANCE & INSURANCE
Revenue
$33,568
Organization Details
Founding Year
1953
Phone
(989) 356-3577Principal Officer
Donald J Mills
Main Address
PO BOX 515, ALPENA, MI, 49707
Website
www.aaacu.comNTEE Category
Code: W60 - Public benefit
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