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West Michigan Credit Union

West Michigan Credit Union

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

EIN: 381544138 ✦ Grand rapids, MI ✦ Designated as a 501(c)(14)

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Overview

What is West Michigan Credit Union?

West Michigan Credit Union, a trusted resource based in Grand Rapids, Michigan (49503), is a nonprofit organization dedicated to enhancing the financial lives of its members. They rely on the contributions from their membership and the investment of their funds to operate and deliver essential services. With a team of 105 employees, they work diligently to make a difference in their members' financial journeys.


Official website here: www.westmichigancu.com

Is West Michigan Credit Union legitimate?

West Michigan Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. West Michigan 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: $785,245
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,272,472

For more financial information, click here


Official website here: www.westmichigancu.com

What is the mission statement of West Michigan Credit Union?

West Michigan Credit Union is committed to serving as a trusted resource for its members, working towards improving their financial lives in simple ways. The organization's operations are founded on income from its membership and the investment of members' funds. By fulfilling this role, West Michigan Credit Union is able to provide essential financial services to its membership base. In essence, the credit union's mission is to be a reliable partner in helping members manage their finances effectively. Through various offerings and resources, the credit union strives to make a positive difference in its members' financial journeys.


Official website here: www.westmichigancu.com

Who is the CEO of West Michigan Credit Union?

William Keim is the Ceo of West Michigan Credit Union. The CEO's salary of West Michigan Credit Union is $325,269 and their total compensation is $361,302.


Official website here: www.westmichigancu.com

What is the revenue of West Michigan Credit Union?

West Michigan Credit Union's revenue in 2022 was $12,249,801.


Official website here: www.westmichigancu.com

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

The average compensation at West Michigan Credit Union during 2022 was $29,121. There are 105 employees and 11 volunteers at West Michigan Credit Union.


Here are 13 key members and their salaries (West Michigan Credit Union's CEO's salary is $325,269 and their total compensation is $361,302):


Brent Nevins (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Ropele (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marlin Baker (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Titus (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Couture (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Collins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clare Kwant (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Kenyon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shirlee Harry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Keim (Ceo)
  • Compensation: $325,269
  • Related: $0
  • Other: $36,033
Thomas Kuzdzal (Cfo)
  • Compensation: $148,533
  • Related: $0
  • Other: $17,378
Jeanene Smith (Coo)
  • Compensation: $115,921
  • Related: $0
  • Other: $27,752
Cassie Patterson (Vice President Compliance)
  • Compensation: $106,995
  • Related: $0
  • Other: $7,364


Official website here: www.westmichigancu.com

Where can I find the form 990 for West Michigan Credit Union?

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


Official website here: www.westmichigancu.com

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

Mission Statement of West Michigan Credit Union

West Michigan Credit Union, a trusted financial resource, is dedicated to enhancing the financial lives of its members. With a mission to make a difference, the credit union works tirelessly to provide solutions that help members manage their finances effectively. The organization's resources stem from the credit union membership and the wise investment of member funds.

Capitalizing on this solid foundation, West Michigan Credit Union offers a wide range of financial services designed to meet the diverse needs of its members. By fostering a culture of trust, the credit union builds strong relationships that last a lifetime. The credit union's commitment to its members extends beyond banking services, as it continually seeks ways to improve their financial well-being.

West Michigan Credit Union's team of financial experts is always available to guide members through their financial journeys. With personalized attention and tailored solutions, the credit union ensures that each member receives the care and support they need to achieve their financial goals. The organization's dedication to its members' financial success has earned it a reputation as a trusted financial partner.

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Impact




October, 2024

West Michigan Credit Union plays a vital role in enhancing the financial well-being of its members in Grand Rapids, MI. By focusing on building trust and providing valuable resources, the credit union helps individuals navigate their financial journeys more effectively. The income generated from membership and investments allows the organization to deliver a range of services tailored to meet the unique needs of its members.

Through its commitment to fostering better financial lives, West Michigan Credit Union becomes a significant asset to the community. By offering personalized support and financial education, it empowers members to make informed decisions, ultimately leading to improved financial health and greater community stability. The credit union’s efforts create a positive ripple effect, enhancing the overall economic landscape of the region while ensuring that members feel valued and supported in their financial endeavors.




This information is meant to be a general summary of West Michigan 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
$12,249,801 (2022)
Expenses
$9,180,849 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,886,440
  • Program Service Revenue: $9,283,549
  • Gross Receipts: $12,688,417

Assets and Liabilities:

  • Total Assets: $272,614,211
  • Total Liabilities: $229,270,787
  • Net Assets: $43,343,424

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Programs

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

INCOME FROM LOANS

Revenue

$6,056,772

FEES/CHARGES/OTHER

Revenue

$3,178,953

FINANCE AND INSURANCE

Revenue

$47,824

Organization Details

Founding Year

1956

Principal Officer

William Keim

Main Address

1720 MICHIGAN STREET NE, GRAND RAPIDS, MI, 49503

NTEE Category

Code: W61 - Public benefit

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