Wanigas Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 381515480 ✦ Saginaw, MI ✦ Designated as a 501(c)(14)

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Overview

What is Wanigas Credit Union?

Wanigas Credit Union is a member-owned financial cooperative based in Saginaw, Michigan, with an address at 1837 Bagley St. The organization serves approximately 24,260 members and offers a selection of financial services, including regular share accounts, vacation and Christmas clubs, cash management, business accounts, IRAs, and certificate of deposits, totaling 50,777. Their mission is to provide their membership with a comprehensive range of quality financial products and services, tailored to their evolving needs. Wanigas Credit Union employs a team of 134 individuals dedicated to serving their members effectively.


Official website here: www.wanigas.com

Is Wanigas Credit Union legitimate?

Wanigas Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Wanigas 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: $569,006
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,755,169

For more financial information, click here


Official website here: www.wanigas.com

What is the mission statement of Wanigas Credit Union?

Wanigas Credit Union is a member-owned financial cooperative committed to offering a comprehensive selection of high-quality financial products and services tailored to the evolving needs of its membership. With a membership base of approximately 24,260 individuals, the credit union provides accounts such as regular share, vacation, Christmas club, cash management, business, IRA, and certificate of deposit accounts, collectively totaling 50,777. Its mission extends beyond just financial services, aiming to maintain a robust and dynamic offering that keeps pace with the diverse requirements of its members.


Official website here: www.wanigas.com

Who is the CEO of Wanigas Credit Union?

Bernard D Williams is the Director of Wanigas Credit Union. The CEO's salary of Wanigas Credit Union is $393,637 and their total compensation is $434,466.


Official website here: www.wanigas.com

What is the revenue of Wanigas Credit Union?

Wanigas Credit Union's revenue in 2021 was $18,275,533.


Official website here: www.wanigas.com

Who are the executives of Wanigas Credit Union and what are their salaries?

The average compensation at Wanigas Credit Union during 2021 was $39,733. There are 134 employees and 11 volunteers at Wanigas Credit Union.


Here are 13 key members and their salaries (Wanigas Credit Union's CEO's salary is $393,637 and their total compensation is $434,466):


Gerald Little (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Balls (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Mcculley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gus Alexander (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheldon Matthews (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jalynn Hopkins (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Wilson (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bernard D Williams (Ceo)
  • Compensation: $393,637
  • Related: $0
  • Other: $40,829
Jay Julius Peitsch Sr (Cfo)
  • Compensation: $66,435
  • Related: $0
  • Other: $7,938
Sharon Burns (Cfo)
  • Compensation: $57,701
  • Related: $0
  • Other: $2,466
Tammy A O'Leary (Director Of Lending)
  • Compensation: $305,866
  • Related: $0
  • Other: $17,434
Lisa Shoemaker (Mortgage Operations Manage)
  • Compensation: $163,750
  • Related: $0
  • Other: $28,761
Jeanine Milne (Director Of It)
  • Compensation: $140,705
  • Related: $0
  • Other: $23,628


Official website here: www.wanigas.com

Where can I find the form 990 for Wanigas Credit Union?

Wanigas Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.wanigas.com

Learn more at the official website: www.wanigas.com

Mission Statement of Wanigas Credit Union

Wanigas Credit Union, a member-owned financial cooperative, is committed to providing a comprehensive range of quality financial products and services that cater to the evolving needs of its 24,260 members. This nonprofit organization is dedicated to delivering more than just financial services; it aims to build long-lasting relationships with its members based on trust and mutual cooperation.

At the heart of Wanigas Credit Union's mission lies its commitment to its members. The credit union offers a diverse suite of financial offerings, including regular share accounts, vacation and Christmas clubs, cash management services, business accounts, IRAs, and certificate of deposit accounts, collectively accumulating to 50,777. This extensive range of services ensures that Wanigas Credit Union is equipped to cater to the varying financial requirements of its diverse membership base.

The Wanigas Credit Union's team of dedicated professionals is passionate about creating customized financial solutions that help members achieve their financial goals. By providing accessible, affordable, and efficient financial services, the credit union empowers its members to make informed decisions, manage their money effectively, and build a secure financial future. In doing so, Wanigas Credit Union not only meets the current needs of its members but also anticipates and prepares them for future financial challenges.

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Impact




October, 2024

Wanigas Credit Union significantly impacts its community by offering a diverse range of financial services tailored to the needs of its 24,260 members. Located in Saginaw, MI, it serves as a vital resource for members with a common bond, providing essential accounts such as regular share accounts, vacation funds, Christmas clubs, cash management solutions, business accounts, IRAs, and certificates of deposit.

The credit union's member-owned structure ensures that its services prioritize the financial well-being of its members, fostering a supportive financial environment. With a total of $50,777 in accounts managed, Wanigas Credit Union plays a crucial role in promoting savings, encouraging financial responsibility, and assisting members in achieving their financial goals. Its commitment to delivering quality financial products and responsive services enhances the economic health of the community it serves, making it a key player in Saginaw's financial landscape.




This information is meant to be a general summary of Wanigas 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.

Revenue
$18,275,533 (2021)
Expenses
$14,359,526 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $1,592,548
  • Program Service Revenue: $16,450,171
  • Gross Receipts: $18,275,533

Assets and Liabilities:

  • Total Assets: $415,190,693
  • Total Liabilities: $360,269,950
  • Net Assets: $54,920,743

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTEREST INCOME

Revenue

$11,096,545

FEE AND OTHER INCOME

Revenue

$5,291,767

NON-MEMBER ATM FEE INCOME

Revenue

$61,859

Organization Details

Founding Year

1952

Principal Officer

Bernard D Williams

Main Address

1837 BAGLEY ST, SAGINAW, MI, 48601

NTEE Category

Code: W60 - Public benefit

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