Overview
What is Detour Drummond Community Credit Un?
Detour Drummond Community Credit Union is a nonprofit organization located in Drummond Island, Michigan. Established with a mission to promote thrift and offer affordable credit to its members, this credit union operates on a mutual and nonprofit basis. With a small team of 12 dedicated individuals, Detour Drummond Community Credit Union serves its community by providing financial services that cater to the needs of its members.
Official website here: www.ddccu.com
Is Detour Drummond Community Credit Un legitimate?
Detour Drummond Community Credit Un is a legitimate nonprofit organization registered as a 501(c)(14) entity. Detour Drummond Community Credit Un 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: $61,729
Professional Fundraising Fees: $0
Other Salaries and Wages: $345,842
For more financial information, click here
Official website here: www.ddccu.com
What is the mission statement of Detour Drummond Community Credit Un?
Detour Drummond Community Credit Union is committed to promoting thrift and providing affordable credit to its members. They achieve this goal through mutual and non-profit operations. This organization operates with the aim of offering its members financial assistance at reasonable costs, thereby encouraging savings. The credit union's operations are based on a shared ownership model, ensuring that its members are not just customers but active participants in its growth and success.
Official website here: www.ddccu.com
Who is the CEO of Detour Drummond Community Credit Un?
Hilary Fountain is the Manager / Ce of Detour Drummond Community Credit Un.
Official website here: www.ddccu.com
What is the revenue of Detour Drummond Community Credit Un?
Detour Drummond Community Credit Un's revenue in 2022 was $1,424,838.
Official website here: www.ddccu.com
Who are the executives of Detour Drummond Community Credit Un and what are their salaries?
The average compensation at Detour Drummond Community Credit Un during 2022 was $33,964. There are 12 employees at Detour Drummond Community Credit Un.
Here are 7 key members and their salaries:
- Compensation: $61,729
- Related: $0
- Other: $11,266
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ddccu.com
Where can I find the form 990 for Detour Drummond Community Credit Un?
Detour Drummond Community Credit Un's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ddccu.com
Learn more at the official website: www.ddccu.com
Mission Statement of Detour Drummond Community Credit Un
Detour Drummond Community Credit Union is committed to fostering thrift and making affordable credit accessible to its members through mutual and nonprofit operations. This organization operates under the belief that by promoting thrift and providing low-cost credit, it can positively impact the lives of its members. This mission is carried out through the operation of the credit union on a nonprofit basis, ensuring that profits are reinvested into the organization to benefit its members rather than external shareholders.
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Impact
October, 2024
Detour Drummond Community Credit Union significantly impacts its community by promoting thrift and providing low-cost credit options for its members. Located in Drummond Island, MI, the credit union empowers individuals by facilitating access to affordable financial services, which fosters savings and responsible borrowing. This approach not only enhances the financial well-being of its members but also strengthens the overall economic health of the local community. By emphasizing mutual operations, the credit union encourages a sense of collaboration and shared benefit among its members, ultimately contributing to a more resilient and engaged community.
This information is meant to be a general summary of Detour Drummond Community Credit Un. 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: $467,303
- Program Service Revenue: $957,535
- Gross Receipts: $1,424,838
Assets and Liabilities:
- Total Assets: $43,137,692
- Total Liabilities: $38,464,656
- Net Assets: $4,673,036
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST
Revenue
$812,123
INTERCHANGE FEE
Revenue
$73,378
FEE INCOME
Revenue
$72,034
Organization Details
Founding Year
1960
Phone
(906) 493-5263Principal Officer
Hilary Fountain
Main Address
34857 S TOWNLINE RD, DRUMMOND ISLAND, MI, 49726
Website
www.ddccu.comNTEE Category
Code: W60 - Public benefit
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