Calcite Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 381710121 ✦ Rogers city, MI ✦ Designated as a 501(c)(14)

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Overview

What is Calcite Credit Union?

Calcite Credit Union, situated in Rogers City, Michigan, is a member-focused financial institution. With a membership base of 9,544 as of December 31, 2022, the credit union offers various deposit options such as savings, checking, certificates, and other accounts. Its primary mission is to deliver financial services and products to its members, ensuring they have access to financial tools to manage their finances effectively. The credit union houses a team of 28 employees dedicated to serving its members' needs.


Official website here: www.calcitecu.com

Is Calcite Credit Union legitimate?

Calcite Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Calcite 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: $634,733
Professional Fundraising Fees: $0
Other Salaries and Wages: $550,431

For more financial information, click here


Official website here: www.calcitecu.com

What is the mission statement of Calcite Credit Union?

Calcite Credit Union's mission is centered around serving its members by offering various financial services and products. This mission is encapsulated in the provision of deposit account options such as savings, checking, and certificates, among others. As of December 31, 2022, the Credit Union boasted a membership base of 9,544 individuals.


Official website here: www.calcitecu.com

Who is the CEO of Calcite Credit Union?

Barbara Mills is the Ceo of Calcite Credit Union. The CEO's salary of Calcite Credit Union is $446,088 and their total compensation is $486,374.


Official website here: www.calcitecu.com

What is the revenue of Calcite Credit Union?

Calcite Credit Union's revenue in 2022 was $5,018,652.


Official website here: www.calcitecu.com

Who are the executives of Calcite Credit Union and what are their salaries?

The average compensation at Calcite Credit Union during 2022 was $42,327. There are 28 employees and 9 volunteers at Calcite Credit Union.


Here are 9 key members and their salaries (Calcite Credit Union's CEO's salary is $446,088 and their total compensation is $486,374):


Barbara Mills (Ceo)
  • Compensation: $446,088
  • Related: $0
  • Other: $40,286
Gary Altman (Coo)
  • Compensation: $109,687
  • Related: $0
  • Other: $38,672
Anne M Wirgau (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Hefele (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Goodrich (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Karsten (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Lyk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Mclennan (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gloria Adrian (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.calcitecu.com

Where can I find the form 990 for Calcite Credit Union?

Calcite Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.calcitecu.com

Learn more at the official website: www.calcitecu.com

Mission Statement of Calcite Credit Union

Calcite Credit Union, as per its mission, is committed to providing financial services and products to its members. This nonprofit organization offers a variety of deposit accounts, including savings, checking, certificates, and other types, catering to the financial needs of its members. The credit union's primary goal is to serve its members effectively, ensuring they have the necessary financial tools at their disposal. At the end of 2022, Calcite Credit Union boasted a membership of 9,544 individuals, demonstrating its success in fulfilling its mission.

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Impact




October, 2024

Calcite Credit Union plays a significant role in the financial landscape of Rogers City, Michigan, delivering essential financial services and products to its community members. With a membership of 9,544 as of December 31, 2022, the credit union offers a range of deposit account types, including savings, checking, and certificates, which cater to the diverse needs of its members.

By providing access to these financial products, Calcite Credit Union promotes financial health and stability among its members. Its mission revolves around empowering individuals with the resources they need to manage their finances effectively, ultimately fostering a stronger economic environment in the region. Through its services, the credit union not only enhances personal financial management but also contributes to the overall public benefit by supporting community growth and development.




This information is meant to be a general summary of Calcite 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.

Revenue
$5,018,652 (2022)
Expenses
$3,802,751 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $958,869
  • Program Service Revenue: $4,059,783
  • Gross Receipts: $5,018,652

Assets and Liabilities:

  • Total Assets: $126,826,466
  • Total Liabilities: $116,073,085
  • Net Assets: $10,753,381

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Fees and Charges

Revenue

$420,313

Income from Loans

Revenue

$2,854,000

Insurance Income

Revenue

$72,064

Interchange Income

Revenue

$611,593

Share Draft Income

Revenue

$101,813

Organization Details

Founding Year

1961

Principal Officer

Barbara Mills

Main Address

478 North Third Street, Rogers City, MI, 49779

NTEE Category

Code: W60 - Public benefit

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