Overview
What is First Area Credit Union?
First Area Credit Union, located in Saginaw, Michigan, serves as a financial partner to its members. Established with a mission to provide personal, community, and innovative services, it offers various deposit account options such as savings, checking, certificates, and others. As of December 31, 2022, the credit union boasts a membership of 3,476 individuals. With a team of 17 dedicated employees, First Area Credit Union continues to serve its community, fostering financial growth and stability for its members.
Official website here: www.firstareacu.com
Is First Area Credit Union legitimate?
First Area Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Area 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: $119,591
Professional Fundraising Fees: $0
Other Salaries and Wages: $289,021
For more financial information, click here
Official website here: www.firstareacu.com
What is the mission statement of First Area Credit Union?
First Area Credit Union positions itself as a financial partner, offering personalized service to its community members. Its mission, as stated, is centered around providing community and innovative services. The credit union offers various deposit account options, including savings, checking, certificates, and others, catering to the financial needs of its members. As of December 31, 2022, the credit union boasted a membership of 3,476 individuals. In summary, First Area Credit Union prioritizes its role as a community-focused financial institution, providing a range of deposit services to its members.
Official website here: www.firstareacu.com
Who is the CEO of First Area Credit Union?
Lynn Mccoy is the Ceo of First Area Credit Union. The CEO's salary of First Area Credit Union is $99,893 and their total compensation is $119,591.
Official website here: www.firstareacu.com
What is the revenue of First Area Credit Union?
First Area Credit Union's revenue in 2022 was $1,424,449.
Official website here: www.firstareacu.com
Who are the executives of First Area Credit Union and what are their salaries?
The average compensation at First Area Credit Union during 2022 was $24,036. There are 17 employees and 12 volunteers at First Area Credit Union.
Here are 6 key members and their salaries (First Area Credit Union's CEO's salary is $99,893 and their total compensation is $119,591):
- Compensation: $99,893
- Related: $0
- Other: $19,698
- 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.firstareacu.com
Where can I find the form 990 for First Area Credit Union?
First Area Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.firstareacu.com
Learn more at the official website: www.firstareacu.com
Mission Statement of First Area Credit Union
First Area Credit Union, as a financial partner, is committed to providing personal, community, and innovative services to its members. The mission of this credit union is centered around offering various deposit account options, such as savings, checking, certificates, and others, to its members. With a membership of 3,476 individuals as of December 31, 2022, the credit union focuses on serving its community members in a unique and innovative manner.
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Impact
October, 2024
First Area Credit Union significantly impacts its community by offering personalized financial services that support the needs of its members. With a total of 3,476 members as of December 31, 2022, the credit union provides a variety of deposit account types, including savings, checking, and certificates.
By prioritizing innovative service and community engagement, First Area Credit Union fosters financial stability and empowerment among its members in Saginaw, MI. Their approach not only enhances individual financial wellbeing but also strengthens the overall economic health of the community they serve.
This information is meant to be a general summary of First Area 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: $326,652
- Program Service Revenue: $1,097,797
- Gross Receipts: $1,424,449
Assets and Liabilities:
- Total Assets: $44,580,717
- Total Liabilities: $42,647,272
- Net Assets: $1,933,445
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees and Promotional
Revenue
$144,378
Income From Loans
Revenue
$754,861
Insurance Revenues
Revenue
$4,405
Interchange Income
Revenue
$194,153
Organization Details
Founding Year
1961
Phone
(989) 781-1430Principal Officer
Lynn Mccoy
Main Address
193 Campbell Lane, Saginaw, MI, 48609
Website
www.firstareacu.comNTEE Category
Code: W60 - Public benefit
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