Overview
What is Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered In The State Of Michigan is a member-owned financial institution, located at 958 W Monroe, Jackson, MI 49202. As of December 31, 2019, it boasts a membership of 8,159 individuals. The credit union offers various deposit options such as savings, checking, certificates, and others. Its mission is to provide financial services and products to its members, serving as a cooperative that is collectively owned and managed by its 7,798 members. With a workforce of 21 employees, the credit union is dedicated to serving its community in Michigan.
Official website here: www.southcentralcu.org
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: $241,946
Professional Fundraising Fees: $0
Other Salaries and Wages: $472,374
For more financial information, click here
Official website here: www.southcentralcu.org
What is the mission statement of Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered In The State of Michigan, as a member-owned entity, serves a community of approximately 7,798 individuals. Its primary mission is to offer financial services and products to these members. The credit union provides various deposit options, such as savings, checking, and certificates, among others. At the end of 2019, the membership count reached 8,159 members. The organization's activities are geared towards meeting the financial needs of its members, fostering financial well-being within the community.
Official website here: www.southcentralcu.org
Who is the CEO of Credit Unions Chartered In The State Of Michigan?
Terri Papiersky is the Ceo of Credit Unions Chartered In The State Of Michigan. The CEO's salary of Credit Unions Chartered In The State Of Michigan is $229,759 and their total compensation is $257,157.
Official website here: www.southcentralcu.org
What is the revenue of Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered In The State Of Michigan's revenue in 2022 was $3,388,000.
Official website here: www.southcentralcu.org
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 2022 was $34,015. There are 21 employees and 6 volunteers at Credit Unions Chartered In The State Of Michigan.
Here are 8 key members and their salaries (Credit Unions Chartered In The State Of Michigan's CEO's salary is $229,759 and their total compensation is $257,157):
- Compensation: $229,759
- Related: $0
- Other: $27,398
- Compensation: $95,889
- Related: $0
- Other: $12,596
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.southcentralcu.org
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 2022 and can be accessed here.
Official website here: www.southcentralcu.org
Learn more at the official website: www.southcentralcu.org
Mission Statement of Credit Unions Chartered In The State Of Michigan
Credit Unions Chartered In The State Of Michigan, a credit union owned by over 7,798 members, is dedicated to providing financial services and products to its members. This nonprofit organization offers various deposit options, including savings, checking, certificates, and other types, to cater to the financial needs of its members. At the end of 2019, the Credit Union had a membership of 8,159 individuals, demonstrating its growing impact and reach. The mission of Credit Unions Chartered In The State Of Michigan is to serve its members effectively and efficiently, ensuring they have access to essential financial tools and resources to manage their finances efficiently.
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Impact
October, 2024
Credit Unions Chartered In The State Of Michigan plays a significant role in enhancing the financial wellbeing of its members and the broader community. With a membership base of 7,798, the credit union offers a variety of financial services, including savings accounts, checking accounts, and certificates, tailored to meet the diverse needs of its members.
Located in Jackson, Michigan, the credit union fosters a sense of community and cooperation among members, providing access to affordable financial products. By being member-owned, the focus remains on serving members rather than maximizing profits. This member-centric approach ensures that individuals have access to fair interest rates and lower fees, which can significantly impact their financial health.
The credit union's mission emphasizes its commitment to providing essential financial services, which can help members achieve their financial goals, whether it's saving for a future purchase or managing day-to-day expenses. This focus on community and member welfare contributes to the overall economic stability of the region by promoting responsible financial practices and empowering individuals through education and support.
In summary, Credit Unions Chartered In The State Of Michigan serves as a vital financial resource for its members, fostering economic empowerment and contributing positively to the community as a whole.
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 2022.
- Investment Income: $991,832
- Program Service Revenue: $2,396,168
- Gross Receipts: $3,388,000
Assets and Liabilities:
- Total Assets: $94,285,461
- Total Liabilities: $83,431,105
- Net Assets: $10,854,356
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Income
Revenue
$1,447,768
Fees and Charges
Revenue
$948,400
Organization Details
Founding Year
1954
Phone
(517) 787-2220Principal Officer
Terri Papiersky
Main Address
958 W Monroe, Jackson, MI, 49202
Website
www.southcentralcu.orgNTEE Category
Code: W60 - Public benefit
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