Overview
What is Blueox Credit Union?
Blueox Credit Union is a Michigan-based nonprofit financial institution with a mission to enhance the lives of its members by providing top-notch financial services. Founded on the principles of cooperation and mutual self-help, the credit union functions through the income from its membership and the investment of their funds. With a workforce of 126 employees, Blueox Credit Union aims to improve and make a difference in its members' lives, delivering quality financial services based on equality, equity, and mutual self-help.
Official website here: www.blueoxcu.org
Is Blueox Credit Union legitimate?
Blueox Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Blueox 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: $380,917
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,786,322
For more financial information, click here
Official website here: www.blueoxcu.org
What is the mission statement of Blueox Credit Union?
Blue ox Credit Union's mission is centered around providing top-notch financial services that positively impact the lives of its members. The organization's foundation is built on the seven cooperative principles, which emphasize cooperation, equality, and mutual self-help. Blue ox Credit Union's mission statement underscores the notion of unity among people, as they work together to enhance their own lives and that of their community. The credit union's income stemming from its membership and the investment of their funds serves as the base for its operations, allowing it to offer services to its exclusive membership.
Official website here: www.blueoxcu.org
Who is the CEO of Blueox Credit Union?
Steven J Cobb is the Director/Chairperson of Blueox Credit Union. The CEO's salary of Blueox Credit Union is $207,197 and their total compensation is $244,576.
Official website here: www.blueoxcu.org
What is the revenue of Blueox Credit Union?
Blueox Credit Union's revenue in 2022 was $13,169,848.
Official website here: www.blueoxcu.org
Who are the executives of Blueox Credit Union and what are their salaries?
The average compensation at Blueox Credit Union during 2022 was $33,073. There are 126 employees and 10 volunteers at Blueox Credit Union.
Here are 14 key members and their salaries (Blueox Credit Union's CEO's salary is $207,197 and their total compensation is $244,576):
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- Compensation: $207,197
- Related: $0
- Other: $37,379
- Compensation: $108,545
- Related: $0
- Other: $27,796
- Compensation: $104,367
- Related: $0
- Other: $31,845
- Compensation: $117,986
- Related: $0
- Other: $9,439
Official website here: www.blueoxcu.org
Where can I find the form 990 for Blueox Credit Union?
Blueox Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.blueoxcu.org
Learn more at the official website: www.blueoxcu.org
Mission Statement of Blueox Credit Union
Blueox Credit Union, a mission-driven financial institution, is dedicated to enhancing the lives of its members by delivering top-notch financial services. Based on the cooperative principles, this organization values equality, equity, and mutual self-help, forming a brotherhood among its members. Blueox Credit Union's mission is deeply rooted in this philosophy, aiming to make a difference in the lives of its members and the community at large.
With a solid foundation derived from the membership fees and the investment of its members' funds, Blueox Credit Union serves its restricted membership base. This financial organization goes beyond the conventional role of a credit union, striving to create a better life for its members, embodying the spirit of collective efforts and collaboration. The seven cooperative principles on which Blueox Credit Union is based foster a sense of unity and shared goals among its members, creating a strong bond that extends beyond financial transactions.
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Impact
October, 2024
Blueox Credit Union plays a pivotal role in enhancing the financial well-being of its members in Battle Creek, MI, by delivering quality financial services aimed at making a tangible difference in their lives. The organization is rooted in the philosophy of cooperation, founded on the Seven Cooperative Principles that emphasize equality, equity, and mutual self-help.
By generating income through membership contributions and the prudent investment of members' funds, Blueox Credit Union sustains its operations and broadens its service offerings. This financial model allows it to prioritize the needs of its restricted membership, ensuring that services are tailored to improve individual and community well-being.
Blueox Credit Union embodies the spirit of cooperation, fostering a sense of community by helping its members achieve better lives through collective support and shared resources. Through its mission, it not only provides essential financial services but also nurtures a supportive environment that encourages members to work together for mutual benefit and community advancement.
This information is meant to be a general summary of Blueox 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: $434,139
- Program Service Revenue: $12,722,875
- Gross Receipts: $13,439,150
Assets and Liabilities:
- Total Assets: $222,746,006
- Total Liabilities: $204,744,291
- Net Assets: $18,001,715
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME ON LOANS
Revenue
$8,255,809
FEES/CHARGES/OTHER INCOME
Revenue
$4,413,288
FINANCE & INSURANCE
Revenue
$53,778
Organization Details
Founding Year
1936
Phone
(800) 648-8035Principal Officer
Steven J Cobb
Main Address
115 RIVERSIDE DR, BATTLE CREEK, MI, 49015
Website
www.blueoxcu.orgNTEE Category
Code: W60 - Public benefit
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