Overview
What is Credit Unions Chartered In The State Of Michigan North Central Area Credit Union?
Credit Unions Chartered In The State Of Michigan North Central Area Credit Union is a nonprofit financial institution, specifically a credit union, located at 2665 S Reserve Rd, Houghton Lake, MI 48629. With a membership of 15,392 individuals, it offers various financial services such as savings, checking, club, money market, individual retirement, and certificate of deposit accounts, totaling $159,024,381. The primary mission of this credit union is to provide affordable and high-quality financial services to its member-owners and their families, fostering continued growth and stability within the organization. The credit union employs around 70 individuals to achieve its mission.
Official website here: www.ncacu.org
Is Credit Unions Chartered In The State Of Michigan North Central Area Credit Union legitimate?
Credit Unions Chartered In The State Of Michigan North Central Area Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions Chartered In The State Of Michigan North Central 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: $1,014,525
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,381,125
For more financial information, click here
Official website here: www.ncacu.org
What is the mission statement of Credit Unions Chartered In The State Of Michigan North Central Area Credit Union?
The mission of Credit Unions Chartered In The State Of Michigan North Central Area Credit Union is to offer affordable and high-quality financial services to its member-owners and their families. Their objective is to promote the growth and stability of the credit union. They cater to a membership of 15,392 individuals, providing them with various financial accounts such as savings, checking, club, money market, individual retirement, and certificate of deposit accounts, amounting to a total of $159,024,381.
Official website here: www.ncacu.org
Who is the CEO of Credit Unions Chartered In The State Of Michigan North Central Area Credit Union?
Mark Richter is the CEO of Credit Unions Chartered In The State Of Michigan North Central Area Credit Union The CEO's salary of Credit Unions Chartered In The State Of Michigan North Central Area Credit Union is $292,955 and their total compensation is $337,562.
Official website here: www.ncacu.org
What is the revenue of Credit Unions Chartered In The State Of Michigan North Central Area Credit Union?
Credit Unions Chartered In The State Of Michigan North Central Area Credit Union's revenue in 2024 was $16,685,370.
Official website here: www.ncacu.org
Who are the executives of Credit Unions Chartered In The State Of Michigan North Central Area Credit Union and what are their salaries?
The average compensation at Credit Unions Chartered In The State Of Michigan North Central Area Credit Union during 2024 was $53,605. There are 82 employees and 12 volunteers at Credit Unions Chartered In The State Of Michigan North Central Area Credit Union.
Here are 17 key members and their salaries (Credit Unions Chartered In The State Of Michigan North Central Area Credit Union's CEO's salary is $292,955 and their total compensation is $337,562):
- Compensation: $292,955
- Related: $0
- Other: $44,607
- Compensation: $158,889
- Related: $0
- Other: $33,778
- Compensation: $141,538
- Related: $0
- Other: $29,629
- Compensation: $142,079
- Related: $0
- Other: $25,829
- Compensation: $114,578
- Related: $0
- Other: $30,643
- 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
- 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.ncacu.org
Where can I find the form 990 for Credit Unions Chartered In The State Of Michigan North Central Area Credit Union?
Credit Unions Chartered In The State Of Michigan North Central Area Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ncacu.org
Learn more at the official website: www.ncacu.org
Mission Statement of Credit Unions Chartered In The State Of Michigan North Central Area Credit Union
Credit Unions Chartered In The State Of Michigan North Central Area Credit Union is dedicated to providing affordable, high-quality, and comprehensive financial services to its member-owners who share a common bond. The credit union's mission is to ensure the continued growth and stability of the organization while catering to the financial needs of its members and their families. By offering savings, checking, club, money market, individual retirement, and certificate of deposit accounts, the credit union amasses a total of $159,024,381 for its 15,392 members. This financial institution's mission reflects its commitment to fostering financial well-being for its members, thereby contributing to their overall prosperity and stability.
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Impact
October, 2024
Credit Unions Chartered In The State Of Michigan North Central Area Credit Union plays a significant role in enhancing the financial well-being of its community. Serving 15,392 members, it offers a range of financial services that include savings, checking, club accounts, money market accounts, individual retirement accounts, and certificates of deposit, with total assets amounting to $159,024,381.
By providing affordable and high-quality financial services, the credit union fosters financial stability and growth for its members and their families. Its mission emphasizes accessibility to essential financial tools, promoting a sense of community among members united by a common bond. The credit union's presence in Houghton Lake, Michigan, contributes to the local economy by empowering individuals to manage their finances effectively, save for the future, and invest in their communities.
This information is meant to be a general summary of Credit Unions Chartered In The State Of Michigan North Central 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 2024.
- Investment Income: $1,918,688
- Program Service Revenue: $14,880,674
- Gross Receipts: $16,685,370
Assets and Liabilities:
- Total Assets: $165,934,065
- Total Liabilities: $160,434,269
- Net Assets: $5,499,796
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAR WARRANTY INCOME
Revenue
$260,786
FEE AND OTHER INCOME
Revenue
$3,703,144
FINANCIAL SERVICES - CUSO
Revenue
$31,821
INSURANCE SALES
Revenue
$44,044
LOAN INTEREST
Revenue
$10,830,885
Organization Details
Founding Year
1956
Principal Officer
Mark Richter
Website
www.ncacu.orgNTEE Category
Code: W60 - Public benefit
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