Overview
What is Alliance Catholic Credit Union?
Alliance Catholic Credit Union is a nonprofit financial institution located at 28800 Orchard Lake Road in Farmington Hills, Michigan (48334). With a team of 162 employees, they cater to over 32,000 members in the community. Their mission is to offer a range of financial services, including regular shares, Christmas club, checking, money market, certificates of deposit, and IRA accounts, totaling 65,565. Their primary goal is to provide trusted financial services, inspired by Catholic values and traditions, to enhance the financial well-being of their Catholic members and the neighbors they serve.
Official website here: www.allianceccu.com
What are the reviews and ratings of this charity?
The Alliance Catholic Credit Union is currently not rated by Charity Navigator. This absence of rating stems from its non-501(c)(3) status, which limits its qualification for evaluation under specific Charity Navigator methodologies such as Impact & Measurement and Culture & Community. It operates under a different foundation code, and thus, lacks the revenue and expense data typically considered for nonprofit evaluations.
Although Alliance Catholic Credit Union has historical ratings that primarily reflect aspects analogous to today's Accountability and Finance metrics, they do not incorporate newer assessment areas like Leadership & Adaptability due to its non-501(c)(3) classification. This does not imply a negative assessment but indicates that certain evaluation criteria are not applicable.
With no user reviews available on GreatNonprofits, there's limited feedback on public perception and experience. The absence of reviews and financial data suggests that those interested should seek additional information or direct experiences for a comprehensive understanding of the credit union's impact and operations.
This AI summary has been generated from information found on Charity Navigator.
Is Alliance Catholic Credit Union legitimate?
Alliance Catholic Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Alliance Catholic 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: $1,598,545
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,964,339
For more financial information, click here
Official website here: www.allianceccu.com
What is the mission statement of Alliance Catholic Credit Union?
The Alliance Catholic Credit Union is dedicated to offering trusted financial services to its member-owners, who share a common bond. Inspired by Catholic values and traditions, the credit union aims to enhance the financial well-being of the Catholic community and those it serves. Through various account offerings such as regular shares, Christmas club, checking, money market, certificates of deposit, and IRA accounts, the credit union serves a membership of 32,497 individuals, collectively managing assets totaling 65,565.
Official website here: www.allianceccu.com
Who is the CEO of Alliance Catholic Credit Union?
Dan Davidson is the Chairperson of Alliance Catholic Credit Union. The CEO's salary of Alliance Catholic Credit Union is $471,920 and their total compensation is $517,753.
Official website here: www.allianceccu.com
What is the revenue of Alliance Catholic Credit Union?
Alliance Catholic Credit Union's revenue in 2022 was $23,179,127.
Official website here: www.allianceccu.com
Who are the executives of Alliance Catholic Credit Union and what are their salaries?
The average compensation at Alliance Catholic Credit Union during 2022 was $52,857. There are 162 employees and 7 volunteers at Alliance Catholic Credit Union.
Here are 16 key members and their salaries (Alliance Catholic Credit Union's CEO's salary is $471,920 and their total compensation is $517,753):
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $471,920
- Related: $0
- Other: $45,833
- Compensation: $275,693
- Related: $0
- Other: $43,138
- Compensation: $206,576
- Related: $0
- Other: $37,744
- Compensation: $221,665
- Related: $0
- Other: $43,842
- Compensation: $199,406
- Related: $0
- Other: $52,728
- Compensation: $137,278
- Related: $0
- Other: $36,627
- Compensation: $133,913
- Related: $0
- Other: $26,081
- Compensation: $124,873
- Related: $0
- Other: $16,515
- Compensation: $102,797
- Related: $0
- Other: $1,816
Official website here: www.allianceccu.com
Where can I find the form 990 for Alliance Catholic Credit Union?
Alliance Catholic Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.allianceccu.com
Learn more at the official website: www.allianceccu.com
Mission Statement of Alliance Catholic Credit Union
Alliance Catholic Credit Union, a financial institution with a mission to serve, seeks to enhance the financial well-being of its Catholic community and the neighbors it serves. Inspired by Catholic values and traditions, this credit union goes beyond offering trusted financial services; it aspires to make a meaningful difference in the lives of its member-owners.
Alliance Catholic Credit Union provides a range of financial services tailored to its members. With over 32,000 members, the credit union offers various account options, including regular shares, Christmas Club, checking, money market, certificates of deposit, and Individual Retirement Accounts (IRAs). These services, collectively totaling 65,565, aim to cater to the diverse financial needs of the community. Through its commitment to delivering reliable financial solutions, Alliance Catholic Credit Union fosters financial stability and growth among its members.
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Impact
October, 2024
Alliance Catholic Credit Union positively impacts its community by offering a comprehensive range of financial services that cater specifically to its member owners, who share a common bond. With membership encompassing 32,497 individuals, the credit union facilitates access to essential financial products such as regular shares, Christmas clubs, checking accounts, money market accounts, certificates of deposit, and IRA accounts.
Totaling $65,565 in assets, these services enhance the financial well-being of its members, ensuring they have the tools needed for effective money management and savings. Rooted in Catholic values and traditions, the credit union’s mission drives its commitment to providing trusted financial solutions that benefit not just its members but also the broader community it serves. By focusing on community engagement and support, Alliance Catholic Credit Union plays a crucial role in uplifting the financial health of both the Catholic community and its neighbors in Farmington Hills, MI.
This information is meant to be a general summary of Alliance Catholic 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: $3,862,093
- Program Service Revenue: $16,104,519
- Gross Receipts: $29,033,874
Assets and Liabilities:
- Total Assets: $638,619,506
- Total Liabilities: $592,252,763
- Net Assets: $46,366,743
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME FROM LOANS
Revenue
$11,152,888
FEES/CHARGES
Revenue
$4,951,631
Organization Details
Founding Year
1956
Phone
(877) 950-2228Principal Officer
Dan Davidson
Main Address
28800 ORCHARD LAKE ROAD, FARMINGTON HILLS, MI, 48334
Website
www.allianceccu.comNTEE Category
Code: W60 - Public benefit
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