Cred Thornapple Credit Union

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

EIN: 381752492 ✦ Hastings, MI ✦ Designated as a 501(c)(14)

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Overview

What is Cred Thornapple Credit Union?

Cred Thornapple Credit Union is a financial cooperative based in Hastings, Michigan. With a PO Box 289 address, this credit union serves a membership of 7,580 individuals as of December 31, 2022. The primary mission of Cred Thornapple Credit Union is to provide cooperative financial services to its members, ensuring accessible financial solutions for its community. Offering various deposit accounts, this nonprofit organization operates with a team of 33 employees, working tirelessly to meet the financial needs of its members.


Official website here: www.thornapplecu.com

What do the Facebook reviews say about Cred Thornapple Credit Union?

All 13 reviewers on Facebook strongly recommend Thornapple Credit Union. Here is a summary of their reviews:

The overall sentiment is overwhelmingly positive, with members expressing satisfaction with the exceptional service provided. Long-time members appreciate the growth and expansion of the organization, highlighting its consistent commitment to customer care.

One reviewer, a member since 1981, praises the credit union's progress, indicating a strong sense of trust and loyalty developed over many years. This sentiment reflects a robust relationship between the credit union and its members, who feel valued and supported.


This AI summary has been generated from reviews found on Facebook.

Is Cred Thornapple Credit Union legitimate?

Cred Thornapple Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cred Thornapple 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: $124,095
Professional Fundraising Fees: $0
Other Salaries and Wages: $801,616

For more financial information, click here


Official website here: www.thornapplecu.com

What is the mission statement of Cred Thornapple Credit Union?

Cred Thornapple Credit Union's mission is centered around providing cooperative financial services to its members. This mission is evident in their day-to-day activities, which are geared towards meeting the financial needs of their member base. The Credit Union offers various deposit accounts to its members, as demonstrated by its membership count of 7,580 as of December 31, 2022. The Credit Union's commitment to its members underscores its mission to serve and support them financially.


Official website here: www.thornapplecu.com

Who is the CEO of Cred Thornapple Credit Union?

Amy Byers is the Ceo of Cred Thornapple Credit Union. The CEO's salary of Cred Thornapple Credit Union is $103,838 and their total compensation is $124,095.


Official website here: www.thornapplecu.com

What is the revenue of Cred Thornapple Credit Union?

Cred Thornapple Credit Union's revenue in 2022 was $3,716,743.


Official website here: www.thornapplecu.com

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

The average compensation at Cred Thornapple Credit Union during 2022 was $28,052. There are 33 employees at Cred Thornapple Credit Union.


Here are 8 key members and their salaries (Cred Thornapple Credit Union's CEO's salary is $103,838 and their total compensation is $124,095):


Amy Byers (Ceo)
  • Compensation: $103,838
  • Related: $0
  • Other: $20,257
Linda Bolthouse (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Neil (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Buckland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Keesen (Chair Person)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Vujea (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debra Hatfield (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Stolsonburg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thornapplecu.com

Where can I find the form 990 for Cred Thornapple Credit Union?

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


Official website here: www.thornapplecu.com

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

Mission Statement of Cred Thornapple Credit Union

Cred Thornapple Credit Union, a cooperative financial institution, is dedicated to serving its members by providing various financial services. Its mission, as stated, is to offer cooperative financial services to its members. This implies that the credit union is committed to working collaboratively with its members to meet their financial needs, offering a range of deposit accounts. As of December 31, 2022, the credit union had 7,580 members, indicating a strong member base and a commitment to serving its community. The credit union's mission is centered around fostering a cooperative relationship with its members, prioritizing their financial well-being and needs.

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Impact




October, 2024

Cred Thornapple Credit Union plays a significant role in fostering financial well-being and stability in Hastings, MI, and its surrounding communities. By providing a range of cooperative financial services, including various types of deposit accounts, the Credit Union meets the diverse needs of its 7,580 members.

This community-centric approach not only enhances individual financial health but also contributes to the overall economic development of the region. Through its mission to deliver accessible financial services, Cred Thornapple Credit Union empowers its members, supporting them in achieving their financial goals while promoting community engagement and public benefit.




This information is meant to be a general summary of Cred Thornapple 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
$3,716,743 (2022)
Expenses
$3,046,728 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $108,139
  • Program Service Revenue: $3,608,604
  • Gross Receipts: $3,716,743

Assets and Liabilities:

  • Total Assets: $62,594,344
  • Total Liabilities: $57,858,243
  • Net Assets: $4,736,101

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Programs

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

Credit Card Income

Revenue

$87,285

Fees and Charges

Revenue

$1,186,381

Insurance Income

Revenue

$88,995

Loan Interest Income

Revenue

$2,227,368

Loan Servicing Income

Revenue

$7,453

Organization Details

Founding Year

1960

Principal Officer

Amy Byers

Main Address

PO BOX 289, HASTINGS, MI, 49058

NTEE Category

Code: W60 - Public benefit

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