Saginaw County Employees Credit Union

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

EIN: 381541806 ✦ Saginaw, MI ✦ Designated as a 501(c)(14)

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Overview

What is Saginaw County Employees Credit Union?

Saginaw County Employees Credit Union is a financial institution based in Saginaw, Michigan, specifically at 1700 Court Street. As a credit union, it primarily caters to its members, offering various deposit account options such as savings, checking, certificates, and more. As of December 31, 2022, the credit union boasts a membership count of 2,829 individuals. The main mission of Saginaw County Employees Credit Union is to offer financial services and products to its members, ensuring they have access to essential financial tools and resources. The credit union is run by a team of 11 dedicated employees, ensuring a personalized and member-centric approach to financial services.


Official website here: www.scecu.net

Is Saginaw County Employees Credit Union legitimate?

Saginaw County Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Saginaw County Employees 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: $113,861
Professional Fundraising Fees: $0
Other Salaries and Wages: $340,910

For more financial information, click here


Official website here: www.scecu.net

What is the mission statement of Saginaw County Employees Credit Union?

The Saginaw County Employees Credit Union's mission is centered around providing financial services and products to its members. This mission is carried out by offering various deposit account options such as savings, checking, certificates, and others. The credit union serves a membership of 2,829 individuals as of December 31, 2022. The primary focus of the credit union is to cater to the financial needs of its members, ensuring they have access to the necessary financial tools and resources.


Official website here: www.scecu.net

Who is the CEO of Saginaw County Employees Credit Union?

Terry L Garrison is the President & Ceo of Saginaw County Employees Credit Union. The CEO's salary of Saginaw County Employees Credit Union is $0 and their total compensation is $0.


Official website here: www.scecu.net

What is the revenue of Saginaw County Employees Credit Union?

Saginaw County Employees Credit Union's revenue in 2022 was $1,539,701.


Official website here: www.scecu.net

Who are the executives of Saginaw County Employees Credit Union and what are their salaries?

The average compensation at Saginaw County Employees Credit Union during 2022 was $41,343. There are 11 employees and 7 volunteers at Saginaw County Employees Credit Union.


Here are 9 key members and their salaries (Saginaw County Employees Credit Union's CEO's salary is $0 and their total compensation is $0):


Terry L Garrison (President & Ceo)
  • Compensation: $88,262
  • Related: $0
  • Other: $25,599
David Cable (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Tesauro (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tobias Webber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Ninemire (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendy Wachowicz (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Boswell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Tubb (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Klass (Former Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.scecu.net

Where can I find the form 990 for Saginaw County Employees Credit Union?

Saginaw County Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.scecu.net

Learn more at the official website: www.scecu.net

Mission Statement of Saginaw County Employees Credit Union

Saginaw County Employees Credit Union, in its mission, focuses on providing financial services and products to its members. This nonprofit organization offers a variety of deposit accounts, including savings, checking, certificates, and other options, catering to the financial needs of its members. As of December 31, 2022, the Credit Union boasted a membership of 2,829 individuals, highlighting its commitment to serving its community. The Credit Union's mission is to ensure that its members have access to reliable and beneficial financial solutions, thereby contributing positively to their financial well-being.

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Impact




October, 2024

Saginaw County Employees Credit Union significantly enhances the financial well-being of its members by offering a variety of financial services and products tailored to meet their needs. With a membership base of 2,829 as of December 31, 2022, the Credit Union serves as a vital resource for the community in Saginaw, Michigan.

By providing several deposit account options such as savings accounts, checking accounts, and certificates, the Credit Union enables members to manage their finances effectively and build their savings. The emphasis on personalized financial products fosters a sense of community and support among members, allowing them to achieve their financial goals.

Moreover, the Credit Union’s mission to provide accessible financial services ensures that members can benefit from competitive rates and terms, which often surpass those offered by traditional banking institutions. This commitment to member welfare contributes to the overall economic health of Saginaw County, reinforcing the Credit Union’s essential role in promoting financial stability and growth within the community.




This information is meant to be a general summary of Saginaw County Employees 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
$1,539,701 (2022)
Expenses
$1,431,124 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $352,133
  • Program Service Revenue: $1,187,568
  • Gross Receipts: $1,539,701

Assets and Liabilities:

  • Total Assets: $45,813,664
  • Total Liabilities: $41,601,982
  • Net Assets: $4,211,682

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Programs

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

ATM Surcharge

Revenue

$8,022

Fees & Charges

Revenue

$179,320

Insurance Income

Revenue

$21,964

Interchange income

Revenue

$163,004

Interest on Loans

Revenue

$815,258

Organization Details

Founding Year

1956

Principal Officer

Terry L Garrison

Main Address

1700 Court Street, Saginaw, MI, 48602

NTEE Category

Code: W60 - Public benefit

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