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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)

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 not tax deductible.

Here 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):

    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

    • Brent Nevins (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Ropele (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marlin Baker (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Titus (Treasurer) [Trustee/Director]
  • 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


  • Official website here: www.westmichigancu.com

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

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    West Michigan Credit Union has a significant impact on the financial lives of its members in Grand Rapids, MI. By working together as a trusted resource, the credit union helps its members achieve better financial outcomes. The income generated from membership fees and the investment of member funds forms the backbone of the organization, allowing it to provide essential services to its community. West Michigan Credit Union's commitment to public benefit shines through its mission of simplifying and improving the financial well-being of its members.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    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
  • 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

    If you are a representative of West Michigan 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.