Overview
What is Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union?
Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union is a nonprofit institution based in Newberry, Michigan. With a focus on member-centric services, it offers various financial products such as prime shares, share drafts, Christmas club accounts, IRAs, money market, and share certificates of deposit. The credit union aims to provide these offerings in a secure and reliable manner, adhering to its mission of promoting thrift among its members while offering diverse financial services. As of the provided data, the credit union serves 5,406 members, managing a total of 10,175 accounts. With a team of 31 employees, this credit union is dedicated to improving its members' economic and social conditions by providing them with an opportunity to manage their own funds democratically.
Official website here: www.tacumi.com
Is Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union legitimate?
Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions Chartered In Michigan - 461 Tahquamenon Area 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: $205,196
Professional Fundraising Fees: $0
Other Salaries and Wages: $639,803
For more financial information, click here
Official website here: www.tacumi.com
What is the mission statement of Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union?
The mission of this credit union, as stated, is to encourage savings among its members and offer a range of financial services to meet their needs. It aims to provide a democratic opportunity for members to manage their own money, with the goal of improving their economic and social condition. The credit union offers various accounts such as prime share, share draft, Christmas club, IRA, money market, and share certificates of deposit to its 5,406 members, serving a total of 10,175 accounts in a safe and sound manner.
Official website here: www.tacumi.com
Who is the CEO of Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union?
Ruben C Ison is the Chairperson of Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union. The CEO's salary of Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union is $127,457 and their total compensation is $136,677.
Official website here: www.tacumi.com
What is the revenue of Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union?
Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union's revenue in 2022 was $2,474,748.
Official website here: www.tacumi.com
Who are the executives of Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union and what are their salaries?
The average compensation at Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union during 2022 was $27,258. There are 31 employees and 10 volunteers at Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union.
Here are 10 key members and their salaries (Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union's CEO's salary is $127,457 and their total compensation is $136,677):
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- Compensation: $127,457
- Related: $0
- Other: $9,220
- Compensation: $60,918
- Related: $0
- Other: $4,725
Official website here: www.tacumi.com
Where can I find the form 990 for Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union?
Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tacumi.com
Learn more at the official website: www.tacumi.com
Mission Statement of Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union
Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union is committed to serving its members by offering them safe and reliable financial products and services. The organization's mission, in essence, is to encourage savings among its members and provide them with various financial services. This is done with the aim of providing members with an opportunity to manage their own funds in a democratic manner, aiming to improve their economic and social conditions.
In practice, this mission is translated into actions such as providing members with a range of accounts, including prime share, share draft, Christmas club, IRA, money market, and share certificates of deposit accounts. These accounts, in total, served 5,406 members, resulting in 10,175 accounts being opened. By offering these services, Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union helps its members to manage their finances effectively, ultimately contributing to their economic and social well-being.
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Impact
October, 2024
Credit Unions Chartered In Michigan - 461 Tahquamenon Area Credit Union plays a significant role in enhancing the financial well-being of the community in Newberry, Michigan. By offering a diverse range of financial products and services—such as prime share accounts, share drafts, Christmas club accounts, IRAs, money market accounts, and share certificates of deposit—the credit union serves 5,406 members, managing a total of 10,175 accounts.
The credit union’s mission encourages thrift among its members and empowers them to take charge of their finances in a safe and democratic manner. This not only fosters individual economic growth but also contributes to the overall social and economic improvement of the community. By providing reliable and accessible financial services, the credit union helps members achieve greater financial stability and security, which can lead to a more robust local economy.
This information is meant to be a general summary of Credit Unions Chartered In Michigan - 461 Tahquamenon Area 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $841,901
- Program Service Revenue: $1,634,059
- Gross Receipts: $7,493,670
Assets and Liabilities:
- Total Assets: $71,225,529
- Total Liabilities: $68,287,987
- Net Assets: $2,937,542
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$1,050,978
FEES AND CHARGES
Revenue
$583,081
Organization Details
Founding Year
1955
Phone
(906) 293-5117Principal Officer
Ruben C Ison
Main Address
PO BOX 485, NEWBERRY, MI, 498680485
Website
www.tacumi.comNTEE Category
Code: W60 - Public benefit
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