Overview
What is Federal Employees Of Chippewa County Credit Union?
Federal Employees of Chippewa County Credit Union is a nonprofit financial institution situated in Sault Ste Marie, Michigan. With a dedicated workforce of eight employees, the credit union provides various financial services to its qualified members. These services include member transactions, promotions and education on products and services, account opening and closing, loan processing, and credit card offerings. The accounts available range from share savings and share draft checking to share certificates, money market, club accounts, and various IRA accounts. The credit union's primary mission is to encourage thrift among its members and serve as a legitimate source of credit for provident purposes.
Official website here: www.fecccu.com
Is Federal Employees Of Chippewa County Credit Union legitimate?
Federal Employees Of Chippewa County Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Federal Employees Of Chippewa County 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: $89,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $97,427
For more financial information, click here
Official website here: www.fecccu.com
What is the mission statement of Federal Employees Of Chippewa County Credit Union?
The Federal Employees of Chippewa County Credit Union's mission is to encourage savings among its members and serve as a reliable source of credit for them, offering loans at reasonable interest rates for prudent uses. The credit union provides a variety of financial services to eligible members, including account opening and closing, processing loans, offering credit cards, and promoting their products and services. They provide several types of accounts, such as share savings, share draft checking, share certificates, money market, club accounts, and various IRA accounts. Club accounts help members save for specific expenses, like vacations, education, or Christmas.
Official website here: www.fecccu.com
Who is the CEO of Federal Employees Of Chippewa County Credit Union?
Sabrina Oshelski is the Manager/Ceo of Federal Employees Of Chippewa County Credit Union. The CEO's salary of Federal Employees Of Chippewa County Credit Union is $89,300 and their total compensation is $89,300.
Official website here: www.fecccu.com
What is the revenue of Federal Employees Of Chippewa County Credit Union?
Federal Employees Of Chippewa County Credit Union's revenue in 2022 was $541,573.
Official website here: www.fecccu.com
Who are the executives of Federal Employees Of Chippewa County Credit Union and what are their salaries?
The average compensation at Federal Employees Of Chippewa County Credit Union during 2022 was $23,341. There are 8 employees at Federal Employees Of Chippewa County Credit Union.
Here are 6 key members and their salaries (Federal Employees Of Chippewa County Credit Union's CEO's salary is $89,300 and their total compensation is $89,300):
- Compensation: $89,300
- 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.fecccu.com
Where can I find the form 990 for Federal Employees Of Chippewa County Credit Union?
Federal Employees Of Chippewa County Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fecccu.com
Learn more at the official website: www.fecccu.com
Mission Statement of Federal Employees Of Chippewa County Credit Union
Federal Employees of Chippewa County Credit Union, as a financial institution, is committed to fostering savings among its members and establishing a reliable source of credit for them, offering interest rates that are both legitimate and beneficial for provident purposes. The credit union's mission is to promote thrift among its members, essentially encouraging them to save money, and to provide them with affordable credit options for their various needs. This mission is carried out through a wide range of financial services, including member transactions, promotional and educational initiatives on products and services, account opening and closing, loan processing, and the offering of credit cards. The credit union offers various types of accounts, such as share savings, share draft checking, share certificates, money market, club accounts, and various IRA accounts. Club accounts, in particular, assist members in saving for future expenses like vacations, education, and Christmas.
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Impact
October, 2024
Federal Employees of Chippewa County Credit Union plays a crucial role in enhancing the financial well-being of its members in Sault Ste. Marie, Michigan. By promoting thrift and providing access to credit at legitimate interest rates, it empowers its members to make informed financial decisions for various life events and personal goals.
The credit union offers a diverse range of financial services tailored to the needs of its members. These services include facilitating member transactions, promoting financial literacy around products and services, and managing account operations like opening and closing accounts. Additionally, it processes loans and provides credit cards, ensuring that members have the financial tools they need to thrive.
Furthermore, the credit union supports members’ savings goals through various account options, including share savings, share draft checking, share certificates, and money market accounts. Special club accounts are also available to assist members in saving for specific expenses, such as vacations, education, or Christmas. This comprehensive suite of services not only helps its members manage their finances effectively but also fosters a sense of community and mutual support among those served.
This information is meant to be a general summary of Federal Employees Of Chippewa County 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: $79,526
- Program Service Revenue: $459,317
- Gross Receipts: $541,573
Assets and Liabilities:
- Total Assets: $16,629,347
- Total Liabilities: $15,217,843
- Net Assets: $1,411,504
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$413,816
FEE INCOME
Revenue
$44,378
INSURANCE SALES TO MEMBERS
Revenue
$1,123
Organization Details
Founding Year
1957
Phone
(906) 632-4210Principal Officer
Sabrina Oshelski
Main Address
119 WATER STREET, SAULT STE MARIE, MI, 49783
Website
www.fecccu.comNTEE Category
Code: W60 - Public benefit
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