Overview
What is Allegan Credit Union?
Allegan Credit Union is a member-focused financial institution based in Allegan, Michigan, with an address at 755 Grand Street, ZIP code 49010. Established with a mission to prioritize people over profit, relationships over revenue, and community over credit scores, Allegan Credit Union strives to serve its members effectively. The credit union offers various deposit account options, including savings, checking, certificates, and others. As of December 31, 2022, it boasts a membership base of 8,837 individuals. With a workforce of 40 employees, Allegan Credit Union is committed to sharing a prosperous future for its members and contributing positively to the local community.
Official website here: www.allegancu.com/
Is Allegan Credit Union legitimate?
Allegan Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Allegan 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: $201,703
Professional Fundraising Fees: $0
Other Salaries and Wages: $805,947
For more financial information, click here
Official website here: www.allegancu.com/
What is the mission statement of Allegan Credit Union?
Allegan Credit Union prioritizes its members' needs above financial gains, focusing on relationships and community involvement. The credit union is committed to serving its members, viewing this as its primary purpose. Allegan Credit Union emphasizes people over profit, putting a strong emphasis on fostering relationships with its members rather than solely focusing on revenue generation. Furthermore, the credit union values the community it serves, considering the well-being of its members as a crucial factor in its operations.
Official website here: www.allegancu.com/
Who is the CEO of Allegan Credit Union?
Kristopher Lewis is the Ceo of Allegan Credit Union. The CEO's salary of Allegan Credit Union is $148,822 and their total compensation is $160,760.
Official website here: www.allegancu.com/
What is the revenue of Allegan Credit Union?
Allegan Credit Union's revenue in 2022 was $3,340,217.
Official website here: www.allegancu.com/
Who are the executives of Allegan Credit Union and what are their salaries?
The average compensation at Allegan Credit Union during 2022 was $25,191. There are 40 employees and 12 volunteers at Allegan Credit Union.
Here are 9 key members and their salaries (Allegan Credit Union's CEO's salary is $148,822 and their total compensation is $160,760):
- Compensation: $148,822
- Related: $0
- Other: $11,938
- Compensation: $40,943
- 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.allegancu.com/
Where can I find the form 990 for Allegan Credit Union?
Allegan Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.allegancu.com/
Learn more at the official website: www.allegancu.com/
Mission Statement of Allegan Credit Union
Allegan Credit Union is committed to prioritizing people over profit, fostering relationships over revenue, and focusing on the community rather than credit scores. This mission statement underscores their dedication to serving their members, with the belief that this is the primary reason for their existence. They strive to share the future of the credit union for the benefit of its members, emphasizing the importance of relationships and community involvement. This mission is reflected in their various deposit account offerings, which cater to the needs of their members. At the end of 2022, they had a membership count of 8,837 individuals.
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Impact
October, 2024
Allegan Credit Union has a significant impact on its community by prioritizing people over profit and fostering strong relationships with its members. With a membership of 8,837 as of December 31, 2022, the credit union offers a variety of deposit account types, including savings, checking, and certificates, tailored to meet the diverse financial needs of its members.
By focusing on community needs rather than credit scores, Allegan Credit Union cultivates an inclusive environment that supports financial growth and stability for all. Its mission emphasizes the importance of servicing members and contributing to the community's overall wellbeing, reflecting a commitment to the principles of social responsibility. This dedication enhances the financial landscape of Allegan, ensuring that the interests of the members and the community are at the forefront of its operations.
This information is meant to be a general summary of Allegan 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: $268,965
- Program Service Revenue: $3,071,252
- Gross Receipts: $3,340,217
Assets and Liabilities:
- Total Assets: $84,441,604
- Total Liabilities: $76,750,772
- Net Assets: $7,690,832
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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
$552,466
Insurance Income
Revenue
$92,951
Interchange Income
Revenue
$424,770
Loan Interest Income
Revenue
$1,884,178
Warranty Income
Revenue
$116,887
Organization Details
Founding Year
2022
Phone
(269) 673-5465Principal Officer
Kristopher Lewis
Main Address
755 Grand Street, Allegan, MI, 49010
Website
www.allegancu.com/NTEE Category
Code: W60 - Public benefit
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