Overview
What is Michigan Coastal Credit Union?
Michigan Coastal Credit Union is a member-focused financial cooperative situated at 1086 Creston Street, Muskegon, MI 49442. Established with a mission to provide co-op financial services and products, this nonprofit serves a membership of 2,895 individuals as of December 31, 2022. The Credit Union offers various deposit account options, such as savings, checking, certificates, and others, catering to its members' financial needs. With a team of 12 dedicated employees, Michigan Coastal Credit Union continues to uphold its commitment to members, ensuring they have access to essential financial services.
Official website here: www.michigancoastal.com
Is Michigan Coastal Credit Union legitimate?
Michigan Coastal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Michigan Coastal 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: $88,650
Professional Fundraising Fees: $0
Other Salaries and Wages: $371,397
For more financial information, click here
Official website here: www.michigancoastal.com
What is the mission statement of Michigan Coastal Credit Union?
Michigan Coastal Credit Union's mission, as outlined, is centered around providing cooperative financial services and products to its members. The credit union offers various deposit account options, including savings, checking, certificates, and others. By focusing on its members' financial needs, Michigan Coastal Credit Union aims to contribute positively to their financial well-being. As of December 31, 2022, the credit union boasted a membership of 2,895 individuals.
Official website here: www.michigancoastal.com
Who is the CEO of Michigan Coastal Credit Union?
Rob Viland is the Ceo of Michigan Coastal Credit Union. The CEO's salary of Michigan Coastal Credit Union is $0 and their total compensation is $0.
Official website here: www.michigancoastal.com
What is the revenue of Michigan Coastal Credit Union?
Michigan Coastal Credit Union's revenue in 2022 was $1,722,570.
Official website here: www.michigancoastal.com
Who are the executives of Michigan Coastal Credit Union and what are their salaries?
The average compensation at Michigan Coastal Credit Union during 2022 was $38,337. There are 12 employees and 5 volunteers at Michigan Coastal Credit Union.
Here are 7 key members and their salaries (Michigan Coastal Credit Union's CEO's salary is $0 and their total compensation is $0):
- Compensation: $88,350
- 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.michigancoastal.com
Where can I find the form 990 for Michigan Coastal Credit Union?
Michigan Coastal Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.michigancoastal.com
Learn more at the official website: www.michigancoastal.com
Mission Statement of Michigan Coastal Credit Union
Michigan Coastal Credit Union, as a cooperative financial institution, is dedicated to providing a variety of financial services and products to its members. Its mission, in simple terms, is to cater to the financial needs of its members effectively. The credit union offers a range of deposit accounts, including savings and checking accounts, as well as certificates, ensuring that its members have diverse financial options at their disposal. As of December 31, 2022, the credit union boasts a membership of 2,895 individuals, demonstrating its commitment to serving its community.
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Impact
October, 2024
Michigan Coastal Credit Union significantly impacts its community by offering cooperative financial services and products tailored to the needs of its members. With a membership base of 2,895 as of December 31, 2022, the credit union fosters financial inclusivity and empowerment through various deposit account options, such as savings accounts, checking accounts, and certificates.
Located in Muskegon, Michigan, the credit union not only provides essential banking services but also plays a vital role in enhancing the financial well-being of its members. By prioritizing the needs of the community, Michigan Coastal Credit Union contributes to promoting economic stability and growth within the region, ensuring that individuals and families have access to the financial resources necessary for their personal and collective success.
This information is meant to be a general summary of Michigan Coastal 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: $26,800
- Program Service Revenue: $1,695,770
- Gross Receipts: $1,722,570
Assets and Liabilities:
- Total Assets: $26,406,478
- Total Liabilities: $24,160,162
- Net Assets: $2,246,316
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Charges
Revenue
$409,683
Insurance UBIT
Revenue
$6,989
Interchange Income
Revenue
$144,774
Interest on Loans
Revenue
$1,129,053
Non-Member ATM Fees
Revenue
$5,271
Organization Details
Founding Year
1958
Phone
(231) 777-3620Principal Officer
Rob Viland
Main Address
1086 Creston Street, Muskegon, MI, 49442
Website
www.michigancoastal.comNTEE Category
Code: W60 - Public benefit
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