Overview
What is Credit Unions Chartered In The State Of Michigan Frankenmuth Credit Union?
Frankenmuth Credit Union, chartered in Michigan and headquartered in Frankenmuth, serves approximately 65,513 members. This credit union offers a range of financial accounts, including shares, checking, business savings, business checking, money market, vacation club, Christmas club, health savings, IRA, and certificate of deposit accounts. The total assets of the credit union amount to $1,069,100,683. Their mission is to provide secure, convenient, and cost-effective financial services to their member-owners, fostering trusted relationships and offering personalized financial solutions. With a workforce of 481 employees, Frankenmuth Credit Union aims to ensure the financial well-being of its members.
Official website here: www.frankenmuthcu.org
Is Credit Unions Chartered In The State Of Michigan Frankenmuth Credit Union legitimate?
Credit Unions Chartered In The State Of Michigan Frankenmuth Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions Chartered In The State Of Michigan Frankenmuth 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: $2,248,598
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,397,610
For more financial information, click here
Official website here: www.frankenmuthcu.org
What is the mission statement of Credit Unions Chartered In The State Of Michigan Frankenmuth Credit Union?
Frankenmuth Credit Union is dedicated to providing financial services to its member-owners, who share a common bond. The mission of this credit union is to ensure the financial well-being of its members by offering safe, convenient, and cost-effective services. The organization aims to foster trusted relationships by delivering personalized financial solutions. With over 65,000 members and assets totaling over one billion dollars, Frankenmuth Credit Union offers various account types, including shares, checking, business savings, business checking, money market, vacation club, Christmas club, health savings, IRA, and certificate of deposit accounts.
Official website here: www.frankenmuthcu.org
Who is the CEO of Credit Unions Chartered In The State Of Michigan Frankenmuth Credit Union?
Vickie Schmitzer is the Chairperson of Credit Unions Chartered In The State Of Michigan Frankenmuth Credit Union. The CEO's salary of Credit Unions Chartered In The State Of Michigan Frankenmuth Credit Union is $215,533 and their total compensation is $247,159.
Official website here: www.frankenmuthcu.org
What is the revenue of Credit Unions Chartered In The State Of Michigan Frankenmuth Credit Union?
Credit Unions Chartered In The State Of Michigan Frankenmuth Credit Union's revenue in 2022 was $70,580,613.
Official website here: www.frankenmuthcu.org
Who are the executives of Credit Unions Chartered In The State Of Michigan Frankenmuth Credit Union and what are their salaries?
The average compensation at Credit Unions Chartered In The State Of Michigan Frankenmuth Credit Union during 2022 was $51,240. There are 481 employees and 11 volunteers at Credit Unions Chartered In The State Of Michigan Frankenmuth Credit Union.
Here are 17 key members and their salaries (Credit Unions Chartered In The State Of Michigan Frankenmuth Credit Union's CEO's salary is $215,533 and their total compensation is $247,159):
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- Compensation: $566,409
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- Other: $42,237
- Compensation: $258,165
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- Other: $30,295
- Compensation: $215,533
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- Other: $31,626
- Compensation: $308,667
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- Other: $32,355
- Compensation: $227,423
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- Other: $19,166
- Compensation: $247,976
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- Other: $20,404
- Compensation: $230,568
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- Other: $17,771
- Compensation: $219,380
- Related: $0
- Other: $29,845
Official website here: www.frankenmuthcu.org
Where can I find the form 990 for Credit Unions Chartered In The State Of Michigan Frankenmuth Credit Union?
Credit Unions Chartered In The State Of Michigan Frankenmuth Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.frankenmuthcu.org
Learn more at the official website: www.frankenmuthcu.org
Mission Statement of Credit Unions Chartered In The State Of Michigan Frankenmuth Credit Union
Frankenmuth Credit Union, a Michigan-chartered credit union, is committed to delivering financial services to its member-owners who share a common bond. This financial institution prioritizes the safety, convenience, and cost-effectiveness of its services, ensuring the financial well-being of both the credit union and its members. By fostering trusted relationships, Frankenmuth Credit Union provides personalized financial solutions to cater to its members' unique needs.
The mission of Frankenmuth Credit Union extends beyond mere financial transactions. It aims to grow and strengthen relationships with its members by offering a comprehensive range of services. These services include share accounts, checking accounts, business savings, business checking, money market accounts, vacation club, Christmas club, health savings, Individual Retirement Accounts (IRAs), and Certificates of Deposit (CDs), collectively managing assets worth over one billion dollars for its 65,513 members. The credit union's dedication to financial stability and growth for its members is evident through its diverse array of offerings.
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Impact
October, 2024
Frankenmuth Credit Union plays a vital role in the financial landscape of Michigan, serving 65,513 members with a variety of financial services tailored to meet their needs. By offering shares, checking accounts, business savings, business checking, money market accounts, and specialized savings options like vacation and Christmas clubs, the credit union provides a comprehensive suite of financial products. With total assets exceeding $1 billion, it ensures the financial well-being of its members while fostering trusted relationships through personalized solutions.
The credit union's emphasis on safe, convenient, and cost-effective services enhances the financial stability of its members, contributing positively to the local economy. By aligning its mission with the values of its community, Frankenmuth Credit Union strengthens bonds among individuals with a common interest, ultimately promoting economic growth and collaboration within Michigan. The focus on member ownership drives a sense of community and shared purpose, further amplifying its impact in the region.
This information is meant to be a general summary of Credit Unions Chartered In The State Of Michigan Frankenmuth 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: $1,156,597
- Program Service Revenue: $69,382,846
- Gross Receipts: $71,378,433
Assets and Liabilities:
- Total Assets: $1,198,115,228
- Total Liabilities: $1,083,049,555
- Net Assets: $115,065,673
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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
$43,795,636
FEE AND OTHER INCOME
Revenue
$24,991,485
NON-MEMBER ATM INCOME
Revenue
$574,702
NON-MEMBER INSURANCE INCOME
Revenue
$14,073
NON-MEMBER SHARED BRANCH INCOME
Revenue
$6,950
Organization Details
Founding Year
1964
Phone
(989) 497-1600Principal Officer
Vickie Schmitzer
Main Address
PO BOX 209, FRANKENMUTH, MI, 48734
Website
www.frankenmuthcu.orgNTEE Category
Code: W60 - Public benefit
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