Overview
What is Freestar Financial Credit Union?
Freestar Financial Credit Union is a Michigan-based financial cooperative that caters to approximately 22,000 members. Their primary mission is to provide a range of financial services, including loans, deposits, and various financial instruments, to individuals sharing a common bond. By doing so, they aim to positively impact the lives of their members, team members, and the community through meaningful connections and innovative financial solutions. Freestar Financial Credit Union currently employs 113 individuals.
Official website here: www.freestarfinancial.com
Is Freestar Financial Credit Union legitimate?
Freestar Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Freestar Financial 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: $883,568
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,231,650
For more financial information, click here
What is the mission statement of Freestar Financial Credit Union?
Freestar Financial Credit Union is committed to providing financial services to its member-owners, united by a common bond. The mission of the credit union goes beyond just financial transactions; it aims to positively impact the lives of members, team members, and the community. Through meaningful connections and progressive financial solutions, Freestar Financial Credit Union seeks to make a difference in people's lives. The credit union offers loans, deposits, and various financial instruments to promote thrift and savings to approximately 22,000 members. By focusing on connection and progress, Freestar Financial Credit Union strives to create value that extends beyond the realm of finance.
Official website here: www.freestarfinancial.com
Who is the CEO of Freestar Financial Credit Union?
Drema D Isaac is the Principal Officer of Freestar Financial Credit Union. The CEO's salary of Freestar Financial Credit Union is $342,030 and their total compensation is $516,184.
Official website here: www.freestarfinancial.com
What is the revenue of Freestar Financial Credit Union?
Freestar Financial Credit Union's revenue in 2022 was $14,580,200.
Official website here: www.freestarfinancial.com
Who are the executives of Freestar Financial Credit Union and what are their salaries?
The average compensation at Freestar Financial Credit Union during 2022 was $45,267. There are 113 employees and 9 volunteers at Freestar Financial Credit Union.
Here are 16 key members and their salaries (Freestar Financial Credit Union's CEO's salary is $342,030 and their total compensation is $516,184):
- Drema Isaac (President/Ceo)
- Eric Heinrich (Cfo)
- Jennifer Martines (Executive Vice President)
- Timothy Strenk (Vp Of Information Technology)
- Anne Lester (Vp Branch Operations)
- Christopher Clapp (Vp Of Lending)
- Victoria Mcinstosh (Vp Of Community Affairs)
- Raymond W White Jr (Board Chairperson) [Trustee/Director]
- Clifford Brown (Board Vice Chairperson) [Trustee/Director]
- Kristi Le (Board Treasurer) [Trustee/Director]
- Jeffrey Bruss (Board Secretary) [Trustee/Director]
- Catherine Patyi (Board Director)
- Charles Larsen (Board Director)
- Ashley Ciamillo (Board Director)
- Marc Alexander (Associate Board Director)
- John Buseman (Board Director)
Official website here: www.freestarfinancial.com
Where can I find the form 990 for Freestar Financial Credit Union?
The Freestar Financial Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.freestarfinancial.com
Learn more at the official website: www.freestarfinancial.com
Mission Statement of Freestar Financial Credit Union
Freestar Financial Credit Union, with a mission to positively impact the lives of its member-owners, strives to create meaningful connections and deliver progressive financial solutions. The credit union's primary objective is to provide a range of financial services to its approximately 22,000 members, offering loans, deposits, and various financial instruments.
Beyond the basic financial offerings, Freestar Financial Credit Union extends its reach to make a difference in the community. By fostering a strong sense of commitment and engagement, the organization goes above and beyond to enhance the lives of its members, team members, and the surrounding community. The credit union's forward-thinking approach to finance empowers its members to achieve financial stability and prosperity.
In summary, Freestar Financial Credit Union is more than just a financial institution. It's a community-focused organization dedicated to building lasting relationships, offering personalized financial solutions, and contributing to the overall well-being of its members. Through its unwavering commitment to customer service, the credit union sets itself apart as a trusted financial partner for the lives of those it serves.
Impact
This information is meant to be a general summary of Freestar Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Freestar Financial Credit Union's impact can be seen in the way it provides financial services to its member owners with a common bond. By promoting thrift and offering loans, deposits, and other financial instruments, Freestar Financial Credit Union has positively impacted approximately 22,000 members in Mt. Clemens, MI. Its mission to positively impact the lives of its members, team members, and community through meaningful connections and progressive financial solutions demonstrates its commitment to public benefit.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOANS RECEIVABLE
Revenue
$8,688,193
FEES, CHARGES, OTHER
Revenue
$4,475,538
Organization Details
Founding Year
1957
Phone
(586) 466-7800
Principal Officer
Drema D Isaac
Main Address
PO BOX 2800, MT CLEMENS, MI, 48046
Website
www.freestarfinancial.com
NTEE Category
Code: W60 - Public benefit
If you are a representative of Freestar Financial 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.