Overview
What is Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered in Michigan is a nonprofit organization dedicated to serving its members. Their primary objective is to operate on a mutual basis, without seeking profit, and offer share and loan products to their members. This nonprofit entity is committed to providing financial services in a non-profit manner, thereby fostering financial well-being among its members.
Official website here: www.fourflagsacu.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: $48,397
Professional Fundraising Fees: $0
Other Salaries and Wages: $50,267
For more financial information, click here
Official website here: www.fourflagsacu.com
What is the mission statement of Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered in the State of Michigan operates with a mission to serve its members on a mutual and non-profit basis. Their primary objective is to offer share and loan products to their members without seeking profit. This financial institution is committed to operating for the benefit of its members, ensuring they have access to essential financial services. By operating on a non-profit basis, these credit unions aim to prioritize their members' needs and work towards their collective financial well-being.
Official website here: www.fourflagsacu.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 2020 was $272,524.
Official website here: www.fourflagsacu.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 2020 was $24,666. There are 4 employees and 10 volunteers at Credit Unions Chartered In The State Of Michigan.
Here are 10 key members and their salaries:
- Compensation: $48,397
- Related: $0
- Other: $0
- Compensation: $0
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- 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.fourflagsacu.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 2020 and can be accessed here.
Official website here: www.fourflagsacu.com
Learn more at the official website: www.fourflagsacu.com
Mission Statement of Credit Unions Chartered In The State Of Michigan
Credit Unions Chartered In Michigan, as a non-profit organization, is dedicated to serving its members with a shared mission. This mission involves providing both savings and loan services on a non-profit basis, ensuring that the financial well-being of its members remains at the heart of its operations. The credit union operates on the principle of mutuality, with each member contributing to and benefiting from the collective financial resources. This structure allows Credit Unions Chartered In Michigan to offer its services without the profit motive typical of traditional financial institutions, thereby making financial services more accessible and affordable for its members.
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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 while fostering a sense of community. By offering share and loan products tailored to the needs of its members, the credit union promotes financial literacy and accessibility. Members benefit from lower fees and more favorable loan terms compared to traditional banks, enabling them to save money and invest in their futures.
Located in Niles, Michigan, this credit union emphasizes mutual support among its members, strengthening community ties and encouraging cooperative financial practices. Through its services, the credit union not only addresses the financial needs of individuals but also contributes to the overall economic vitality of the region. The focus on public benefit ensures that the resources generated are reinvested into the community, fostering a cycle of support and growth. Overall, Credit Unions Chartered In The State Of Michigan serves as a vital resource for its members, promoting a collaborative approach to personal finance and community development.
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 2020.
- Investment Income: $20,436
- Program Service Revenue: $246,054
- Gross Receipts: $272,524
Assets and Liabilities:
- Total Assets: $5,200,191
- Total Liabilities: $4,855,660
- Net Assets: $344,531
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loans
Revenue
$139,750
Fees and Charges
Revenue
$79,839
Misc. Operating Income
Revenue
$21,465
Non-operating Income
Revenue
$5,000
Organization Details
Founding Year
2020
Principal Officer
Chandra Ashby
Website
www.fourflagsacu.comNTEE Category
Code: W60 - Public benefit
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