Overview
What is Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu?
University of Michigan Credit Union, chartered in Michigan, is a financial institution catering to 115,824 members. They offer various account types, including regular shares, share drafts, certificates of deposit, IRAs, club accounts, and business accounts, totaling 231,899. Their primary mission is to provide financial services to member-owners who share a common bond. The credit union prides itself on delivering these services at a reasonable cost. With a workforce of 238 employees, they remain committed to serving their diverse membership base.
Official website here: www.umcu.org
What are the reviews and ratings of this charity?
The University of Michigan Credit Union is not currently rated by Charity Navigator due to its non-501(c)(3) status. This limitation means that many standard evaluation metrics, including Accountability & Finance and Impact & Measurement, cannot be applied. As such, the absence of a rating does not reflect negatively or positively on the organization; it simply falls outside the typical scope of Charity Navigator's assessment.
While historical ratings exist for similar organizations, they primarily focus on financial accountability and transparency under a different framework. The lack of comprehensive metrics, such as Leadership & Adaptability, and Culture & Community, signifies an incomplete picture of the organization's operational impact. Therefore, potential donors or members might need to consider other avenues for assessing the credit union's contributions and effectiveness.
Without user reviews available from GreatNonprofits, there is limited public insight into member experiences or community perceptions. Individuals seeking feedback may rely on personal experiences or localized reviews that are not captured here.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu?
82% of 323 reviewers on Facebook recommend the University of Michigan Credit Union. Here is a summary of their reviews:
Overall, users express a mix of satisfaction and frustration. While some appreciate the services provided, highlighting the importance of community support and financial accessibility, others report significant issues. A notable concern revolves around customer service, with complaints about unresponsive communication and difficulties accessing account histories prior to 2020.
These challenges seem to detract from the overall experience, causing disappointment among some members. Despite these criticisms, many supporters still advocate for the credit union, indicating that there is potential for improvement in their operations.
This AI summary has been generated from reviews found on Facebook.
Is Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu legitimate?
Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu 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: $2,804,877
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,071,661
For more financial information, click here
Official website here: www.umcu.org
What is the mission statement of Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu?
The University of Michigan Credit Union, chartered in Michigan, is committed to delivering financial services to its member-owners. This financial institution offers a diverse range of services designed to benefit its members at affordable costs. The mission of the University of Michigan Credit Union is to provide financial solutions for its membership base. It caters to over 115,000 members, offering regular shares, share drafts, certificates of deposit, IRAs, club accounts, and business accounts, adding up to a total of 231,899. The credit union's services aim to meet the financial needs of its members effectively.
Official website here: www.umcu.org
Who is the CEO of Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu?
Tiffany Ford is the President/Ceo of Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu. The CEO's salary of Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu is $1,192,068 and their total compensation is $1,211,068.
Official website here: www.umcu.org
What is the revenue of Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu?
Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu's revenue in 2022 was $52,711,293.
Official website here: www.umcu.org
Who are the executives of Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu and what are their salaries?
The average compensation at Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu during 2022 was $58,305. There are 238 employees and 11 volunteers at Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu.
Here are 22 key members and their salaries (Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu's CEO's salary is $1,192,068 and their total compensation is $1,211,068):
- Compensation: $0
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- Other: $0
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- Compensation: $1,192,068
- Related: $0
- Other: $19,000
- Compensation: $232,062
- Related: $0
- Other: $29,804
- Compensation: $232,868
- Related: $0
- Other: $21,268
- Compensation: $216,977
- Related: $0
- Other: $25,414
- Compensation: $154,264
- Related: $0
- Other: $17,404
- Compensation: $211,862
- Related: $0
- Other: $22,263
- Compensation: $190,099
- Related: $0
- Other: $23,761
- Compensation: $192,513
- Related: $0
- Other: $23,250
- Compensation: $117,119
- Related: $0
- Other: $10,997
- Compensation: $127,263
- Related: $0
- Other: $28,180
- Compensation: $112,184
- Related: $0
- Other: $26,197
- Compensation: $114,312
- Related: $0
- Other: $14,373
- Compensation: $109,336
- Related: $0
- Other: $9,692
Official website here: www.umcu.org
Where can I find the form 990 for Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu?
Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.umcu.org
Learn more at the official website: www.umcu.org
Mission Statement of Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu
University of Michigan Credit Union, a Michigan-chartered financial institution, is committed to offering a comprehensive suite of financial services to its member-owners. This credit union, with a mission to provide financial services to those sharing a common bond, boasts a membership base of over 115,800 individuals.
The credit union's offerings encompass various account types such as regular shares, share drafts, certificates of deposit, IRAs, club accounts, and business accounts, collectively totalling 231,899. The institution prides itself on offering these services at a reasonable cost to its member-owners. By doing so, University of Michigan Credit Union ensures that its members have access to the financial tools they need to manage their money effectively and affordably.
In summary, University of Michigan Credit Union is a Michigan-based financial cooperative that caters to the financial needs of its 115,800+ member-owners. Through its diverse range of financial services, the credit union empowers its members to make informed financial decisions and build a strong financial future.
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Impact
October, 2024
Credit Unions Chartered In The State Of Michigan-University Of Michigan CU significantly contributes to the financial well-being of its community by offering a range of essential financial services tailored for its member-owners. Located in Ann Arbor, this credit union serves over 115,824 members, ensuring access to various products such as regular shares, share drafts, certificates of deposit, IRAs, club accounts, and business accounts, which together total $231,899.
By providing these financial services, the University of Michigan Credit Union promotes financial literacy, stability, and growth within the community. Its mission focuses on enhancing the financial health of member-owners while maintaining affordability and accessibility. This commitment fosters a strong sense of community and shared purpose, reinforcing the bonds among members who have a common affiliation with the University of Michigan. Overall, the credit union plays a vital role in supporting the financial needs of its members and contributing to the local economy.
This information is meant to be a general summary of Credit Unions Chartered In The State Of Michigan-University Of Michigan Cu. 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: $1,532,558
- Program Service Revenue: $50,065,951
- Gross Receipts: $52,711,293
Assets and Liabilities:
- Total Assets: $1,361,434,664
- Total Liabilities: $1,258,464,824
- Net Assets: $102,969,840
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$36,228,301
FEE AND OTHER INCOME
Revenue
$13,837,650
Organization Details
Founding Year
1954
Phone
(734) 662-8200Principal Officer
Tiffany Ford
Main Address
340 E HURON, ANN ARBOR, MI, 48104
Website
www.umcu.orgNTEE Category
Code: W60 - Public benefit
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