Overview
What is Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered in the State of Michigan, specifically Members First Credit Union, is a nonprofit organization based in Midland, Michigan. With a workforce of 286 employees, they have provided approximately 22,000 loans to their members, encompassing consumer, real estate, credit card, and small business loans. Their mission is to encourage a better tomorrow, focusing on delivering excellence through knowledge and exceeding member expectations. Embodying trustworthiness, caring, and enthusiasm, they aim to help members succeed. Members First Credit Union has made a significant impact by offering loans to support various financial needs.
Official website here: www.mfcu.net
Is Credit Unions Chartered In The State Of Michigan legitimate?
Credit Unions Chartered In The State Of Michigan is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions Chartered In The State Of Michigan 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: $1,812,583
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,390,319
For more financial information, click here
Official website here: www.mfcu.net
What is the mission statement of Credit Unions Chartered In The State Of Michigan?
The mission of Credit Unions Chartered in Michigan is to encourage a better tomorrow for its members. This commitment is reflected in their promise to be trustworthy, caring, and enthusiastic in helping members succeed. At the heart of their operations, they strive for excellence through knowledge and are dependable in doing the right thing while exceeding member expectations. The credit union is dedicated to encouragement and the power of positivity, focusing on delivering superior services to its members. They have extended approximately 22,000 loans to members, encompassing various loan types like consumer, real estate, credit card, and small business loans.
Official website here: www.mfcu.net
Who is the CEO of Credit Unions Chartered In The State Of Michigan?
Carrie Iafrate is the CEO of Credit Unions Chartered In The State Of Michigan The CEO's salary of Credit Unions Chartered In The State Of Michigan is $368,331 and their total compensation is $415,871.
Official website here: www.mfcu.net
What is the revenue of Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered In The State Of Michigan's revenue in 2023 was $54,322,500.
Official website here: www.mfcu.net
Who are the executives of Credit Unions Chartered In The State Of Michigan and what are their salaries?
The average compensation at Credit Unions Chartered In The State Of Michigan during 2023 was $54,190. There are 299 employees and 9 volunteers at Credit Unions Chartered In The State Of Michigan.
Here are 21 key members and their salaries (Credit Unions Chartered In The State Of Michigan's CEO's salary is $368,331 and their total compensation is $415,871):
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- Compensation: $368,331
- Related: $0
- Other: $47,540
- Compensation: $309,313
- Related: $0
- Other: $50,679
- Compensation: $204,273
- Related: $0
- Other: $25,272
- Compensation: $202,981
- Related: $0
- Other: $36,287
- Compensation: $169,007
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- Other: $20,371
- Compensation: $162,559
- Related: $0
- Other: $17,457
- Compensation: $159,318
- Related: $0
- Other: $39,195
- Compensation: $149,710
- Related: $0
- Other: $39,384
- Compensation: $138,909
- Related: $0
- Other: $30,298
- Compensation: $130,901
- Related: $0
- Other: $2,486
- Compensation: $117,548
- Related: $0
- Other: $36,086
- Compensation: $116,378
- Related: $0
- Other: $23,265
Official website here: www.mfcu.net
Where can I find the form 990 for Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered In The State Of Michigan's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mfcu.net
Learn more at the official website: www.mfcu.net
Mission Statement of Credit Unions Chartered In The State Of Michigan
Members First Credit Union, a Michigan-chartered organization, is dedicated to fostering a brighter future for its members. With a commitment to trustworthiness, care, and enthusiasm, the credit union pledges to help members succeed. At its core, Members First Credit Union strives for excellence through knowledge, ensuring that it delivers more than expected and maintains a reputation for doing the right thing.
The mission of Members First Credit Union is twofold. First, it seeks to provide financial assistance to its members by offering various loan options, including consumer, real estate, credit card, and small business loans, totaling approximately 22,000 loans. Second, the credit union aims to go beyond just financial support by fostering an environment of positivity and encouragement. By staying true to its core values, Members First Credit Union aspires to be a trusted partner and an invaluable resource for its members as they work towards a better tomorrow.
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Impact
October, 2024
Credit Unions Chartered in the State of Michigan make a significant impact on their communities by providing financial services that empower individuals and promote economic growth. One prominent example is Members First Credit Union, which plays a vital role in improving the financial well-being of its members.
With a mission that focuses on encouraging a better tomorrow, Members First Credit Union has provided approximately 22,000 loans to its members, including consumer, real estate, credit card, and small business loans. This wide range of loan offerings supports not only individual aspirations but also fosters small business growth, which is crucial for local economies.
The credit union's commitment to being trustworthy, caring, and enthusiastic reflects in its service delivery, ensuring that members feel supported in their financial journeys. The emphasis on exceeding member expectations and maintaining a high standard of knowledge and integrity enhances the overall experience for members.
Moreover, the focus on positivity and encouragement can have a ripple effect, inspiring members to pursue their goals and contribute positively to the community. By prioritizing member success and providing accessible financial solutions, Credit Unions Chartered in Michigan significantly influence the economic landscape, helping to create a thriving environment for individuals and businesses alike.
This information is meant to be a general summary of Credit Unions Chartered In The State Of Michigan. 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: $3,922,094
- Program Service Revenue: $48,887,806
- Gross Receipts: $54,322,500
Assets and Liabilities:
- Total Assets: $814,371,674
- Total Liabilities: $757,904,332
- Net Assets: $56,467,342
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$34,353,597
FEES AND OTHER
Revenue
$14,484,799
FINANCE & INSURANCE
Revenue
$49,410
Organization Details
Founding Year
1936
Principal Officer
Carrie Iafrate
Website
www.mfcu.netNTEE Category
Code: W60 - Public benefit
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