Overview
What is Chippewa County Credit Union?
Chippewa County Credit Union is a Michigan-chartered credit union, operating under the guidelines of Public Act 285. Located at 402 West Spruce Street, Sault Ste Marie, MI 49783, this financial institution provides cooperative services to its members. With a team of 16 dedicated employees, Chippewa County Credit Union offers a range of financial services, fostering financial well-being within its community.
Official website here: www.chippewacountycu.com
Is Chippewa County Credit Union legitimate?
Chippewa County Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 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: $135,133
Professional Fundraising Fees: $0
Other Salaries and Wages: $394,347
For more financial information, click here
Official website here: www.chippewacountycu.com
What is the mission statement of Chippewa County Credit Union?
Chippewa County Credit Union, as a Michigan-chartered institution, is dedicated to providing cooperative financial services to its members in accordance with Public Act 285. The credit union's mission is to serve its members effectively, offering them financial assistance and resources as per the provisions of this act. The credit union's operations are centered around this mission, ensuring that it meets the financial needs of its members in an cooperative manner.
Official website here: www.chippewacountycu.com
Who is the CEO of Chippewa County Credit Union?
Connie Toensing is the Ceo of Chippewa County Credit Union. The CEO's salary of Chippewa County Credit Union is $82,100 and their total compensation is $82,100.
Official website here: www.chippewacountycu.com
What is the revenue of Chippewa County Credit Union?
Chippewa County Credit Union's revenue in 2022 was $1,839,231.
Official website here: www.chippewacountycu.com
Who are the executives of Chippewa County Credit Union and what are their salaries?
The average compensation at Chippewa County Credit Union during 2022 was $33,092. There are 16 employees at Chippewa County Credit Union.
Here are 9 key members and their salaries (Chippewa County Credit Union's CEO's salary is $82,100 and their total compensation is $82,100):
- Compensation: $82,100
- Related: $0
- Other: $0
- Compensation: $53,033
- 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.chippewacountycu.com
Where can I find the form 990 for Chippewa County Credit Union?
Chippewa County Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chippewacountycu.com
Learn more at the official website: www.chippewacountycu.com
Mission Statement of Chippewa County Credit Union
Chippewa County Credit Union, as a Michigan-chartered institution, is committed to providing cooperative financial services to its members, in accordance with Public Act 285. This credit union's mission is to serve its members effectively, offering them the financial assistance they need. The credit union operates under the principle of cooperation, ensuring that its services align with the needs and expectations of its members.
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Impact
October, 2024
Chippewa County Credit Union significantly contributes to the financial well-being of its members by offering cooperative financial services in Sault Ste. Marie, Michigan. By providing a range of financial products tailored to meet the needs of its members, the credit union empowers individuals and families to achieve their financial goals. This includes access to savings accounts, loans, and other financial services that foster economic stability and growth.
The credit union operates under Michigan’s Public Act 285, ensuring that its services align with the state’s charter regulations, which enhances accountability and supports a member-focused mission. Through community engagement and financial education initiatives, Chippewa County Credit Union helps members build financial literacy, leading to informed decisions about their finances. This positive impact extends beyond individual members, as the credit union plays a vital role in promoting economic development in the local community.
This information is meant to be a general summary 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: $206,804
- Program Service Revenue: $1,623,072
- Gross Receipts: $1,839,231
Assets and Liabilities:
- Total Assets: $38,175,294
- Total Liabilities: $34,343,795
- Net Assets: $3,831,499
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$929,419
MEMBER FEES
Revenue
$383,997
MEMBER OTHER INCOME
Revenue
$309,656
Organization Details
Founding Year
1955
Phone
(906) 632-3134Principal Officer
Connie Toensing
Main Address
402 WEST SPRUCE STREET, SAULT STE MARIE, MI, 49783
Website
www.chippewacountycu.comNTEE Category
Code: W60 - Public benefit
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