Overview
What is Teamsters Credit Union?
Teamsters Credit Union, established in Detroit, Michigan, is a nonprofit financial institution that caters to its members. With a strong presence at 2825 Trumbull, the Credit Union offers a variety of deposit accounts, such as savings, checking, certificates, and others. As of December 31, 2020, the Credit Union boasts a membership of 1,847 individuals. The primary mission of Teamsters Credit Union is to provide financial services and products to its members, aiming to support their financial well-being. With a dedicated workforce of six employees, the Credit Union is committed to meeting the financial needs of its members in Detroit, Michigan.
Official website here: www.teamsterscreditunion.com
Is Teamsters Credit Union legitimate?
Teamsters Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Teamsters 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $227,964
For more financial information, click here
Official website here: www.teamsterscreditunion.com
What is the mission statement of Teamsters Credit Union?
Teamsters Credit Union's mission is centered around providing financial services and products to its membership base. In essence, their mission is to cater to the financial needs of their members, offering a variety of deposit accounts such as savings, checking, certificates, and others. As of December 31, 2020, their membership count stood at 1,847 individuals.
Official website here: www.teamsterscreditunion.com
Who is the CEO of Teamsters Credit Union?
Michael Henmueller is the Chairperson of Teamsters Credit Union. The CEO's salary of Teamsters Credit Union is $0 and their total compensation is $0.
Official website here: www.teamsterscreditunion.com
What is the revenue of Teamsters Credit Union?
Teamsters Credit Union's revenue in 2021 was $642,167.
Official website here: www.teamsterscreditunion.com
Who are the executives of Teamsters Credit Union and what are their salaries?
The average compensation at Teamsters Credit Union during 2021 was $37,994. There are 6 employees and 9 volunteers at Teamsters Credit Union.
Here are 11 key members and their salaries (Teamsters Credit Union's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.teamsterscreditunion.com
Where can I find the form 990 for Teamsters Credit Union?
Teamsters Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.teamsterscreditunion.com
Learn more at the official website: www.teamsterscreditunion.com
Mission Statement of Teamsters Credit Union
Teamsters Credit Union, as mentioned in the provided information, is dedicated to providing financial services and products to its members. This mission is centered around catering to the financial needs of its members, offering a variety of deposit account options such as savings, checking, certificates, and more. The credit union's member base, as of December 31, 2020, was 1,847 strong. This mission statement indicates a commitment to serving its members financially, ensuring they have access to the necessary financial tools to manage their finances effectively.
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Impact
October, 2024
Teamsters Credit Union plays a vital role in enhancing the financial well-being of its members by offering a range of financial services and products. With a membership base of 1,847 as of December 31, 2020, the Credit Union is dedicated to providing accessible banking options tailored to the needs of its community.
Situated in Detroit, MI, Teamsters Credit Union offers various deposit accounts, including savings, checking, and certificates, facilitating effective money management for its members. By prioritizing member-focused service, the Credit Union helps individuals and families achieve their financial goals, fostering economic stability and growth within the community. The positive impact of Teamsters Credit Union extends beyond individual members, contributing to the overall public benefit and strengthening the local economy.
This information is meant to be a general summary of Teamsters 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 2021.
- Investment Income: $76,627
- Program Service Revenue: $539,240
- Gross Receipts: $642,167
Assets and Liabilities:
- Total Assets: $17,698,338
- Total Liabilities: $16,006,019
- Net Assets: $1,692,319
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees and Charges
Revenue
$18,441
Insurance Revenue
Revenue
$6,371
Interchange Income
Revenue
$40,021
Interest on Loans
Revenue
$323,016
Other Misc Income
Revenue
$151,391
Organization Details
Founding Year
1968
Phone
(313) 962-4666Principal Officer
Michael Henmueller
Main Address
2825 Trumbull, Detroit, MI, 48216
Website
www.teamsterscreditunion.comNTEE Category
Code: W60 - Public benefit
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