Overview
What is Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered in the State of Michigan, specifically referred to as Community West Credit Union, is a state-chartered financial institution based in Kentwood, Michigan. With a strong commitment to its members, the credit union offers a variety of deposit and lending services through six branch locations, numerous ATMs, and digital platforms like telephone, internet, and mobile access. As a state-chartered entity, Community West Credit Union strives to provide competitive interest rates on both deposits and loans, ensuring that its financial offerings cater to the diverse needs of its membership base. Their mission is to become the primary financial service provider for the majority of their members by utilizing their capital effectively, aiming to generate appropriate income levels and a positive return on assets. With a dedicated workforce of 117 employees, Community West Credit Union is committed to offering affordable financial services, playing a significant role in the financial well-being of its members.
Official website here: www.communitywestcu.org
Is Credit Unions Chartered In The State Of Michigan legitimate?
Credit Unions Chartered In The State Of Michigan is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions Chartered In The State Of Michigan 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: $423,437
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,791,605
For more financial information, click here
Official website here: www.communitywestcu.org
What is the mission statement of Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered in the State of Michigan, as a state-chartered credit union, aims to provide a comprehensive range of affordable deposit and lending services to its members. This is achieved through various channels including branch locations, ATMs, telephone access, internet-based services, and mobile applications. The mission of this credit union is to offer competitive interest rates for both deposits and loans, catering to the financial needs of most of its members. Their goal is to become the primary financial service provider for a significant portion of their membership. By utilizing their capital efficiently, they strive to maintain appropriate income levels and generate a positive return on assets.
Official website here: www.communitywestcu.org
Who is the CEO of Credit Unions Chartered In The State Of Michigan?
Heidi Hunt is the CEO of Credit Unions Chartered In The State Of Michigan The CEO's salary of Credit Unions Chartered In The State Of Michigan is $233,829 and their total compensation is $262,921.
Official website here: www.communitywestcu.org
What is the revenue of Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered In The State Of Michigan's revenue in 2023 was $13,205,868.
Official website here: www.communitywestcu.org
Who are the executives of Credit Unions Chartered In The State Of Michigan and what are their salaries?
The average compensation at Credit Unions Chartered In The State Of Michigan during 2023 was $47,360. There are 89 employees and 8 volunteers at Credit Unions Chartered In The State Of Michigan.
Here are 12 key members and their salaries (Credit Unions Chartered In The State Of Michigan's CEO's salary is $233,829 and their total compensation is $262,921):
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- Compensation: $136,111
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- Other: $24,405
- Compensation: $233,829
- Related: $0
- Other: $29,092
- Compensation: $127,470
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- Other: $19,417
- Compensation: $120,495
- Related: $0
- Other: $19,730
Official website here: www.communitywestcu.org
Where can I find the form 990 for Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered In The State Of Michigan's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.communitywestcu.org
Learn more at the official website: www.communitywestcu.org
Mission Statement of Credit Unions Chartered In The State Of Michigan
Credit Unions Chartered In Michigan, as a state-chartered credit union, is committed to providing a comprehensive array of affordable deposit and lending services to its members. They achieve this through multiple access points, including six branch locations, ten ATMs, telephone-based access, internet-based access, and mobile access. As a mission-driven organization, their goal is to become the primary financial service provider for the majority of their membership. They strive to provide competitive rates for deposits and loans, ensuring that their financial services cater to the diverse needs of their members. By effectively utilizing their capital, they aim to generate appropriate income levels and generate a positive return on assets. In essence, Credit Unions Chartered In Michigan is dedicated to offering affordable financial solutions and fostering strong relationships with its members.
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Impact
October, 2024
Credit Unions Chartered In The State Of Michigan has a significant impact on the local economy and community well-being. With six branch locations and ten ATMs, the credit union offers accessible financial services to its members, enhancing financial inclusion.
By providing a full range of affordable depository and lending services, it supports individuals and families in managing their financial needs effectively. Members benefit from competitive interest rates on savings accounts, IRAs, and certificates, which encourages saving and financial stability within the community.
The mission of the credit union focuses on being the primary financial service provider for its members, promoting economic empowerment and offering resources that can help members make sound financial decisions. This commitment not only serves the immediate needs of the members but also fosters a culture of financial literacy and responsibility.
Furthermore, by effectively utilizing its capital, the credit union aims to generate positive returns and enhance its services. This focus on sustainable growth contributes to the overall economic health of Kentwood and the surrounding areas, positioning the credit union as a vital resource in the community's financial landscape.
This information is meant to be a general summary of Credit Unions Chartered In The State Of Michigan. 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 2023.
- Investment Income: $1,580,724
- Program Service Revenue: $11,625,144
- Gross Receipts: $13,205,868
Assets and Liabilities:
- Total Assets: $270,578,061
- Total Liabilities: $257,301,879
- Net Assets: $13,276,182
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$8,068,124
FEES, CHARGES, AND OTHER
Revenue
$3,518,209
FINANCE & INSURANCE
Revenue
$38,811
Organization Details
Founding Year
1967
Principal Officer
Heidi Hunt
Website
www.communitywestcu.orgNTEE Category
Code: W60 - Public benefit
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