Overview
What is Parkside Credit Union?
Parkside Credit Union is a financial institution situated in Westland, Michigan, specifically at 13654 residents on 1747 S Newburgh Rd. This credit union serves its members by offering various deposit accounts such as savings, checking, certificates, and other options. As of December 31, 2022, the credit union has a membership base of 13,654 individuals. Its primary purpose is to provide financial services for its member-owners, who share a common bond. The credit union's mission is to ensure financial well-being for its members, offering them reliable and accessible financial solutions. It employs a team of 65 dedicated professionals to achieve this goal.
Official website here: www.parksidecu.org
Is Parkside Credit Union legitimate?
Parkside Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Parkside 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: $1,013,669
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,476,193
For more financial information, click here
Official website here: www.parksidecu.org
What is the mission statement of Parkside Credit Union?
Parkside Credit Union's mission is centered around offering financial services to a specific group of individuals who share a common bond. This non-profit organization aims to cater to the financial needs of its member-owners, providing them with various deposit account options such as savings, checking, certificates, and others. As of December 31, 2022, Parkside Credit Union boasts a membership of 13,654 individuals.
Official website here: www.parksidecu.org
Who is the CEO of Parkside Credit Union?
Janet Thompson is the CEO of Parkside Credit Union The CEO's salary of Parkside Credit Union is $308,765 and their total compensation is $333,074.
Official website here: www.parksidecu.org
What is the revenue of Parkside Credit Union?
Parkside Credit Union's revenue in 2023 was $12,892,569.
Official website here: www.parksidecu.org
Who are the executives of Parkside Credit Union and what are their salaries?
The average compensation at Parkside Credit Union during 2023 was $57,211. There are 61 employees and 6 volunteers at Parkside Credit Union.
Here are 12 key members and their salaries (Parkside Credit Union's CEO's salary is $308,765 and their total compensation is $333,074):
- Compensation: $308,765
- Related: $0
- Other: $24,309
- Compensation: $121,837
- Related: $0
- Other: $24,716
- Compensation: $121,252
- Related: $0
- Other: $22,898
- Compensation: $113,877
- Related: $0
- Other: $21,935
- Compensation: $119,855
- Related: $0
- Other: $8,589
- Compensation: $119,091
- Related: $0
- Other: $6,545
- 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.parksidecu.org
Where can I find the form 990 for Parkside Credit Union?
Parkside Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.parksidecu.org
Learn more at the official website: www.parksidecu.org
Mission Statement of Parkside Credit Union
Parkside Credit Union, as a mission-driven organization, is dedicated to serving its member-owners with a shared bond. Their primary objective is to offer a variety of financial services, encompassing deposit accounts such as savings, checking, certificates, and other types. By doing so, they aim to cater to the financial needs of their members effectively. As of December 31, 2022, the Credit Union boasted a membership base of 13,654 individuals, demonstrating its commitment to its community.
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Impact
October, 2024
Parkside Credit Union plays a significant role in the Westland, Michigan community by providing essential financial services to its 13,654 member owners. With a focus on fostering a sense of community among individuals who share a common bond, Parkside offers a variety of deposit account types, including savings accounts, checking accounts, and certificates. This commitment to serving its members not only enhances financial stability for individuals and families but also contributes to the overall economic health of the community. By prioritizing the needs of its members, Parkside Credit Union creates a supportive environment that encourages financial literacy and empowers individuals to achieve their financial goals.
This information is meant to be a general summary of Parkside 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 2023.
- Investment Income: $1,427,836
- Program Service Revenue: $11,638,086
- Gross Receipts: $15,919,805
Assets and Liabilities:
- Total Assets: $159,358,913
- Total Liabilities: $144,209,186
- Net Assets: $15,149,727
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES AND OTHER INCOME
Revenue
$5,180,891
INSURANCE REIMBURSEMENTS
Revenue
$42,619
LOAN INTEREST INCOME
Revenue
$6,414,576
Organization Details
Founding Year
1953
Principal Officer
Janet Thompson
Website
www.parksidecu.orgNTEE Category
Code: W60 - Public benefit
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