Overview
What is T&I Credit Union?
T&I Credit Union is a member-owned cooperative credit union, established in Clawson, Michigan, specifically located at 600 North Main Street. This financial institution is dedicated to providing loan and deposit services to its member-owners, acting as a full-service financial institution with a primary goal of securing their deposits while meeting their personal financial needs. With a team of 22 employees, T&I Credit Union operates as a state-chartered entity, committed to serving its members by offering a range of financial products and services.
Official website here: www.ticreditunion.org
Is T&I Credit Union legitimate?
T&I Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. T&I 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: $148,323
Professional Fundraising Fees: $0
Other Salaries and Wages: $792,801
For more financial information, click here
Official website here: www.ticreditunion.org
What is the mission statement of T&I Credit Union?
T&I Credit Union, as a cooperative financial institution, is committed to safeguarding its members' deposits and catering to their financial requirements. Its mission is to operate as a full-service organization, with the primary goal of benefitting its member-owners by providing them with reliable financial solutions. The credit union offers a range of financial services and products to its members, aiming to meet their diverse financial needs effectively.
Official website here: www.ticreditunion.org
Who is the CEO of T&I Credit Union?
Kathy Karner is the Director / Chief Executive Officer of T&I Credit Union. The CEO's salary of T&I Credit Union is $148,323 and their total compensation is $148,323.
Official website here: www.ticreditunion.org
What is the revenue of T&I Credit Union?
T&I Credit Union's revenue in 2022 was $2,801,864.
Official website here: www.ticreditunion.org
Who are the executives of T&I Credit Union and what are their salaries?
The average compensation at T&I Credit Union during 2022 was $42,778. There are 22 employees and 11 volunteers at T&I Credit Union.
Here are 10 key members and their salaries (T&I Credit Union's CEO's salary is $148,323 and their total compensation is $148,323):
- Compensation: $148,323
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ticreditunion.org
Where can I find the form 990 for T&I Credit Union?
T&I Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ticreditunion.org
Learn more at the official website: www.ticreditunion.org
Mission Statement of T&I Credit Union
T&I Credit Union, as a financial institution cooperative, is dedicated to serving its member-owners by prioritizing the security of their deposits and addressing their various financial needs. Acting as a full-service organization, T&I Credit Union's mission is to benefit its members, ensuring their financial well-being through the provision of a range of loan and deposit services. The cooperative approach of T&I Credit Union allows it to cater uniquely to its member-owners, ensuring that they receive tailored financial solutions to meet their individual requirements.
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Impact
October, 2024
T&I Credit Union plays a significant role in the community by serving as a financial institution cooperative. By providing loan and deposit services tailored to the needs of its member owners, T&I Credit Union fosters financial empowerment and security. The credit union's mission focuses on maintaining the security of members' deposits while addressing their personal financial needs, which underscores its commitment to enhancing the lives of individuals in Clawson, MI, and surrounding areas.
Through its full range of financial services and products, T&I Credit Union supports the economic well-being of its members, facilitating savings, investments, and access to credit. This cooperative model not only promotes responsible financial practices but also strengthens the community by ensuring that profits are reinvested into member services rather than distributed to shareholders. T&I Credit Union’s dedication to member-centric service ultimately contributes to the public benefit and fosters a more equitable financial landscape for its members.
This information is meant to be a general summary of T&I 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: $577,834
- Program Service Revenue: $2,224,030
- Gross Receipts: $2,801,864
Assets and Liabilities:
- Total Assets: $93,501,482
- Total Liabilities: $77,341,772
- Net Assets: $16,159,710
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES TO MEMBERS
Revenue
$421,863
INTEREST ON LOANS
Revenue
$1,802,167
Organization Details
Founding Year
1955
Phone
(248) 588-6688Principal Officer
Kathy Karner
Main Address
600 North Main Street, Clawson, MI, 48017
Website
www.ticreditunion.orgNTEE Category
Code: W60 - Public benefit
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