United Churches Credit Union

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

EIN: 381743355 ✦ Taylor, MI ✦ Designated as a 501(c)(14)

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Overview

What is United Churches Credit Union?

United Churches Credit Union is a financial cooperative, located at 20252 Ecorse Road, Taylor, MI 48180, serving a community of 1,296 members. The organization's primary mission is to offer financial services to its member-owners, who share a common bond. This includes providing regular shares, share drafts, certificates of deposit, individual retirement accounts (IRAs), and high-yield accounts, totaling 2,464. United Churches Credit Union prides itself on delivering personal service and a wide selection of reasonably priced products and services suitable for individuals of all ages. The credit union is managed by a team of seven dedicated employees.


Official website here: www.unitedchurchescu.org

Is United Churches Credit Union legitimate?

United Churches Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. United Churches 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: $82,696
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,209

For more financial information, click here


Official website here: www.unitedchurchescu.org

What is the mission statement of United Churches Credit Union?

United Churches Credit Union is dedicated to offering financial services to its member-owners who share a common bond. Acting as a financial cooperative, it provides personalized service and a range of reasonably priced products and services catering to various age groups. The credit union serves approximately 1,296 members, offering them regular shares, share drafts, certificates of deposit, IRA, and high-yield accounts, totaling 2,464.


Official website here: www.unitedchurchescu.org

Who is the CEO of United Churches Credit Union?

Michelle Woodhead is the Board Chairperson of United Churches Credit Union. The CEO's salary of United Churches Credit Union is $80,176 and their total compensation is $82,696.


Official website here: www.unitedchurchescu.org

What is the revenue of United Churches Credit Union?

United Churches Credit Union's revenue in 2022 was $564,009.


Official website here: www.unitedchurchescu.org

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

The average compensation at United Churches Credit Union during 2022 was $23,272. There are 7 employees and 4 volunteers at United Churches Credit Union.


Here are 5 key members and their salaries (United Churches Credit Union's CEO's salary is $80,176 and their total compensation is $82,696):


Alan Srodawa (Board Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lawrence Levesque (Board Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Luecke (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Rudin (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Smith (Board Member/Ceo)
  • Compensation: $80,176
  • Related: $0
  • Other: $2,520


Official website here: www.unitedchurchescu.org

Where can I find the form 990 for United Churches Credit Union?

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


Official website here: www.unitedchurchescu.org

Learn more at the official website: www.unitedchurchescu.org

Mission Statement of United Churches Credit Union

United Churches Credit Union, as a financial cooperative, is dedicated to providing personal service and a variety of reasonably priced financial products and services to its member-owners who share a common bond. The mission of this credit union is to cater to the financial needs of its 1,296 members, offering them services such as regular shares, share drafts, certificates of deposit, individual retirement accounts (IRAs), and high-yield accounts, totalling 2,464 units. By doing so, United Churches Credit Union aims to contribute positively to the financial well-being of its members, ensuring they have access to essential financial tools to manage their finances effectively.

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Impact




October, 2024

United Churches Credit Union significantly impacts its community by providing tailored financial services to its 1,296 member-owners who share a common bond. By offering regular shares, share drafts, certificates of deposit, IRA accounts, and high-yield accounts, the credit union fosters financial stability and growth among its members, totaling $2,464 in assets. Located in Taylor, MI, its mission revolves around delivering personal service and a range of reasonably priced financial products catering to individuals of all ages. This commitment enhances financial literacy and empowers members to achieve their financial goals while promoting a cooperative community spirit.




This information is meant to be a general summary of United Churches 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
$564,009 (2022)
Expenses
$538,205 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $158,340
  • Program Service Revenue: $405,669
  • Gross Receipts: $564,009

Assets and Liabilities:

  • Total Assets: $22,689,939
  • Total Liabilities: $21,461,438
  • Net Assets: $1,228,501

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Programs

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

LOAN INTEREST

Revenue

$271,115

FEE AND OTHER INCOME

Revenue

$127,431

FINANCE AND INSURANCE

Revenue

$7,123

Organization Details

Founding Year

1957

Principal Officer

Michelle Woodhead

Main Address

20252 ECORSE ROAD, TAYLOR, MI, 48180

NTEE Category

Code: W60 - Public benefit

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