Overview
What is Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered In The State Of Michigan is a nonprofit organization, specifically focusing on financial services. As mentioned, First General Credit Union is one of its representatives, showing their commitment to being a lifelong financial partner for their members. The mission of this nonprofit, as represented by First General Credit Union, is to provide financial assistance and support to its members. Despite the information not providing details about the scope of their services or reach, it is clear that they aim to contribute positively to their members' financial well-being.
Official website here: www.1stgeneral.com
Is Credit Unions Chartered In The State Of Michigan legitimate?
Credit Unions Chartered In The State Of Michigan is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions Chartered In The State Of Michigan 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $187,029
For more financial information, click here
Official website here: www.1stgeneral.com
What is the mission statement of Credit Unions Chartered In The State Of Michigan?
The mission of Credit Unions Chartered In The State Of Michigan, as represented by First General Credit Union, is centered around establishing a long-term financial partnership with its members. In this role, the credit union pledges to provide its services with dedication and commitment, acting as a reliable partner throughout the lives of its members. Unfortunately, due to the information provided, it's unclear if this mission statement applies to all credit unions chartered in Michigan or just First General Credit Union specifically.
Official website here: www.1stgeneral.com
Who is the CEO of Credit Unions Chartered In The State Of Michigan?
Teresa Mayer is the Chairman of Credit Unions Chartered In The State Of Michigan. The CEO's salary of Credit Unions Chartered In The State Of Michigan is $0 and their total compensation is $0.
Official website here: www.1stgeneral.com
What is the revenue of Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered In The State Of Michigan's revenue in 2021 was $1,153,721.
Official website here: www.1stgeneral.com
Who are the executives of Credit Unions Chartered In The State Of Michigan and what are their salaries?
The average compensation at Credit Unions Chartered In The State Of Michigan during 2021 was $11,002. There are 17 employees and 5 volunteers at Credit Unions Chartered In The State Of Michigan.
Here are 6 key members and their salaries (Credit Unions Chartered In The State Of Michigan's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.1stgeneral.com
Where can I find the form 990 for Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered In The State Of Michigan's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.1stgeneral.com
Learn more at the official website: www.1stgeneral.com
Mission Statement of Credit Unions Chartered In The State Of Michigan
Credit Unions Chartered In Michigan, popularly known as First General Credit Union, committed itself to being a lifelong financial partner for its members. In simple terms, the organization aimed to build a strong and lasting relationship with its members, serving as a trusted ally in their financial journeys. This mission was not just a statement but a pledge, indicating the organization's dedication to its members' financial well-being. However, it's important to note that this nonprofit is no longer active or terminated, as per the information provided.
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Impact
October, 2024
Credit Unions Chartered In The State Of Michigan, particularly exemplified by First General Credit Union, plays a significant role in enhancing individual financial well-being and community development. By providing accessible financial services, they focus on fostering long-term relationships with members, aimed at supporting their financial journeys throughout various life stages.
The mission to be a financial partner for life encourages a culture of support and trust, which is instrumental in promoting financial literacy and responsible money management among members. Additionally, these credit unions are known for their commitment to public benefit, often reinvesting profits back into the community through programs, loans, and grants that can help stimulate local economic growth.
In the context of Muskegon, MI, where First General Credit Union operated, the impact is felt through enhanced financial access for residents, particularly those who may be underserved by traditional banking institutions. This support can lead to improved financial stability, increased homeownership rates, and overall community prosperity.
The dedication to serving members with customized financial solutions reflects a broader commitment to uplifting individuals and communities, making credit unions vital components of the financial landscape in Michigan.
This information is meant to be a general summary of Credit Unions Chartered In The State Of Michigan. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $64,430
- Program Service Revenue: $635,028
- Gross Receipts: $1,153,721
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER LOANS
Revenue
$541,703
FEE INCOME
Revenue
$93,325
Organization Details
Founding Year
1953
Phone
(231) 798-4321Principal Officer
Teresa Mayer
Main Address
589 E Ellis Rd, Muskegon, MI, 49441
Website
www.1stgeneral.comNTEE Category
Code: W60 - Public benefit
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