Overview
What is Bloom Credit Union?
Bloom Credit Union is a nonprofit financial institution situated in Wyoming, Michigan, specifically at 1414 Burton Street SW. With a membership base of 13,401 individuals as of December 31, 2022, the credit union offers various deposit account options including savings, checking, certificates, and others. The primary mission of Bloom Credit Union is to cater to its members by providing a range of financial services and products. The institution employs 71 individuals to uphold this mission, ensuring the financial wellbeing of its members.
Official website here: www.bloomcu.org/
Is Bloom Credit Union legitimate?
Bloom Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Bloom 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: $621,856
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,979,786
For more financial information, click here
Official website here: www.bloomcu.org/
What is the mission statement of Bloom Credit Union?
Bloom Credit Union's mission, as stated, revolves around delivering financial services and products to its members. The Credit Union is committed to catering to its member base, offering various deposit account options such as savings, checking, and certificates. As of December 31, 2022, the Credit Union had a membership of 13,401 individuals. In essence, Bloom Credit Union serves its members by providing them with financial solutions and products to meet their diverse needs.
Official website here: www.bloomcu.org/
Who is the CEO of Bloom Credit Union?
Robert Draeger is the Ceo of Bloom Credit Union. The CEO's salary of Bloom Credit Union is $171,153 and their total compensation is $187,648.
Official website here: www.bloomcu.org/
What is the revenue of Bloom Credit Union?
Bloom Credit Union's revenue in 2022 was $10,150,900.
Official website here: www.bloomcu.org/
Who are the executives of Bloom Credit Union and what are their salaries?
The average compensation at Bloom Credit Union during 2022 was $36,643. There are 71 employees and 7 volunteers at Bloom Credit Union.
Here are 11 key members and their salaries (Bloom Credit Union's CEO's salary is $171,153 and their total compensation is $187,648):
- Compensation: $171,153
- Related: $0
- Other: $16,495
- Compensation: $118,918
- Related: $0
- Other: $35,800
- Compensation: $126,025
- Related: $0
- Other: $11,422
- Compensation: $122,602
- Related: $0
- Other: $12,397
- Compensation: $6,111
- Related: $0
- Other: $0
- Compensation: $932
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bloomcu.org/
Where can I find the form 990 for Bloom Credit Union?
Bloom Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bloomcu.org/
Learn more at the official website: www.bloomcu.org/
Mission Statement of Bloom Credit Union
Bloom Credit Union, as stated in its mission, is dedicated to serving its members by offering various financial services and products. This nonprofit organization aims to cater to the financial needs of its members, providing them with a range of deposit account options such as savings, checking, certificates, and more. At the end of 2022, Bloom Credit Union boasted a membership of 13,401 individuals, demonstrating its commitment to its community. In essence, Bloom Credit Union's mission is to facilitate financial well-being for its members, providing them with the tools and resources necessary to manage their finances effectively.
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Impact
October, 2024
Bloom Credit Union significantly impacts its community by offering essential financial services and products to its members. With a diverse range of deposit account types, including savings, checking, and certificates, the Credit Union caters to the financial needs of its 13,401 members as of December 31, 2022.
Located in Wyoming, MI, Bloom Credit Union is dedicated to enhancing the financial well-being of its community. Its commitment to providing accessible financial options fosters economic growth and stability among its members, promoting a sense of financial empowerment while extending a public benefit to all.
This information is meant to be a general summary of Bloom 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: $1,202,166
- Program Service Revenue: $8,948,734
- Gross Receipts: $10,150,900
Assets and Liabilities:
- Total Assets: $191,618,992
- Total Liabilities: $177,557,999
- Net Assets: $14,060,993
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fee and Other Income
Revenue
$2,613,092
Insurance Revenue
Revenue
$67,976
Interest on Loans
Revenue
$6,216,595
Non-Member ATM Fees
Revenue
$35,355
Oth Non-Mbr Activity Inc
Revenue
$15,589
Organization Details
Founding Year
1951
Phone
(616) 452-2161Principal Officer
Robert Draeger
Main Address
1414 Burton Street SW, Wyoming, MI, 49509
Website
www.bloomcu.org/NTEE Category
Code: W60 - Public benefit
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