Kalsee Credit Union

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

EIN: 381543701 ✦ Kalamazoo, MI ✦ Designated as a 501(c)(14)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Kalsee Credit Union?

Kalsee Credit Union is a financial institution based in Kalamazoo, Michigan, serving a membership of approximately 23,000 individuals. The credit union offers various financial products and services, including savings, checking, clubs, money market, health savings, IRA, and certificate of deposit accounts. Additionally, they provide a broad array of loans to support their members' financial wellbeing. The mission of Kalsee Credit Union is to build relationships and cultivate financial wellness, allowing members to focus on what truly matters in their lives. The organization employs a team of 109 dedicated professionals to ensure the success of its operations.


Official website here: www.kalsee.com

What are the reviews and ratings of this charity?

Kalsee Credit Union is not currently rated by Charity Navigator. This absence of a rating should not be interpreted as either positive or negative. Charity Navigator primarily evaluates 501(c)(3) organizations, and Kalsee Credit Union does not meet this classification, which explains the lack of a rating. Additionally, specific financial data and salaries of key personnel are unavailable for this organization.

The organization's lack of a Charity Navigator rating may reflect the challenges faced by entities that are part of group rulings rather than independent 501(c)(3) nonprofits. Thus, traditional metrics of nonprofit evaluation, including Accountability & Finance and Impact & Measurement, do not apply here.

Without a formal rating or user reviews on GreatNonprofits, there is limited public insight available into the operational strengths or community impact of Kalsee Credit Union. This organization appears to operate outside the typical nonprofit evaluation framework, necessitating alternative methods for community reputation assessment.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Kalsee Credit Union?

72% of 80 reviewers on Facebook recommend Kalsee Credit Union. Here is a summary of their reviews:

Experiences with Kalsee Credit Union generally reflect a positive sentiment, particularly regarding customer service. One user highlighted their joy in visiting the institution, noting the warm and welcoming atmosphere provided by the staff during payment transactions. The cheerful demeanor of the tellers seems to contribute significantly to the satisfaction of their members.

While there are mixed opinions among the reviews, those who appreciate the service often cite the friendly interactions and helpful staff as standout features. Overall, there appears to be a solid base of satisfied customers who value the positive experiences they have had with this credit union.


This AI summary has been generated from reviews found on Facebook.

Is Kalsee Credit Union legitimate?

Kalsee Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Kalsee 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: $434,878
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,663,698

For more financial information, click here


Official website here: www.kalsee.com

What is the mission statement of Kalsee Credit Union?

Kalsee Credit Union is dedicated to fostering strong relationships and promoting financial wellness among its members. Through a comprehensive range of financial services, including savings, checking, clubs, money market, Health Savings, IRA, and Certificates of Deposit accounts, the credit union empowers individuals to focus on what truly matters in their lives. The mission of Kalsee Credit Union is to build connections and help its 23,000 members achieve financial stability and prosperity.


Official website here: www.kalsee.com

Who is the CEO of Kalsee Credit Union?

Matt Lahman is the Principal Officer of Kalsee Credit Union. The CEO's salary of Kalsee Credit Union is $235,231 and their total compensation is $269,982.


Official website here: www.kalsee.com

What is the revenue of Kalsee Credit Union?

Kalsee Credit Union's revenue in 2022 was $14,420,939.


Official website here: www.kalsee.com

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

The average compensation at Kalsee Credit Union during 2022 was $37,602. There are 109 employees and 9 volunteers at Kalsee Credit Union.


Here are 14 key members and their salaries (Kalsee Credit Union's CEO's salary is $235,231 and their total compensation is $269,982):


David Stuut (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Martin (Board Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jodi K Milks (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Sackett (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Danielson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rudy Callen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Shinevare (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erik Nord (Associate Board Member No)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rod Mason (Associate Board Member No)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amber Stevens (Cfo)
  • Compensation: $139,646
  • Related: $0
  • Other: $25,250
Matthew Lahman (Ceo)
  • Compensation: $235,231
  • Related: $0
  • Other: $34,751
Sheldon Faworski (Coo)
  • Compensation: $139,123
  • Related: $0
  • Other: $28,931
Richard Baker (Vp Of Lending)
  • Compensation: $127,282
  • Related: $0
  • Other: $11,596
Carrie Boisonault (Vp Marketing & Business Development)
  • Compensation: $105,135
  • Related: $0
  • Other: $11,853


Official website here: www.kalsee.com

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

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


Official website here: www.kalsee.com

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

Mission Statement of Kalsee Credit Union

Kalsee Credit Union, a financial institution dedicated to building relationships and cultivating financial wellness, empowers its members to focus on what truly matters in life. With a mission to provide an extensive range of savings, checking, club, money market, health savings, IRA, and certificate of deposit accounts, Kalsee Credit Union caters to the financial needs of over 23,000 members.

By offering these diverse financial services, Kalsee Credit Union enables its members to save for the future, manage their daily expenses, and plan for their long-term financial goals. The credit union's commitment to empowering people extends beyond traditional banking services, as it focuses on fostering strong connections and aiding its members in their financial journeys.

Through their offerings, Kalsee Credit Union aims to create a sense of trust and security, allowing its members to have peace of mind knowing they have the necessary financial tools and resources at their disposal. The institution's member-centric approach ensures that each individual can tailor their financial experience to suit their unique needs and aspirations.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Kalsee Credit Union plays a vital role in enhancing the financial wellness of its community in Kalamazoo, MI. By providing a wide range of financial products—including savings accounts, checking accounts, money market accounts, health savings accounts, IRAs, and certificates of deposit—Kalsee serves 23,000 members, helping them manage their finances more effectively.

The credit union’s mission emphasizes building relationships and cultivating financial wellness, empowering individuals to focus on what matters most in their lives. Through its diverse array of loans and financial services, Kalsee not only supports its members’ personal finance goals but also contributes to the overall economic health of the community. By fostering these relationships and providing necessary financial tools, Kalsee Credit Union creates a positive impact that extends well beyond traditional banking functions.




This information is meant to be a general summary of Kalsee 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
$14,420,939 (2022)
Expenses
$12,816,575 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $870,047
  • Program Service Revenue: $13,303,845
  • Gross Receipts: $16,712,154

Assets and Liabilities:

  • Total Assets: $264,926,490
  • Total Liabilities: $245,475,651
  • Net Assets: $19,450,839

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

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

LOAN INTEREST

Revenue

$8,262,476

FEES/CHARGES

Revenue

$5,041,369

Organization Details

Founding Year

1954

Principal Officer

Matt Lahman

Main Address

2501 MILLCORK, KALAMAZOO, MI, 49001

NTEE Category

Code: W60 - Public benefit

If you are a representative of Kalsee Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.