Montcalm Public Employees Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 382118029 ✦ Edmore, MI ✦ Designated as a 501(c)(14)

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Overview

What is Montcalm Public Employees Credit Union?

Montcalm Public Employees Credit Union is a local financial institution situated in Edmore, Michigan. With a strong commitment to its members, it offers various deposit options such as savings, checking, and certificates. At the end of 2022, the credit union had a membership of 1,786 individuals. The Credit Union's mission is to prioritize its members, ensuring they receive dependable, all-encompassing, courteous, and prompt services that cater to their needs, remaining competitive in the market. The organization, with a modest workforce of 5 employees, aims to serve its members as 'People helping People'.


Official website here: www.mpecreditunion.com

Is Montcalm Public Employees Credit Union legitimate?

Montcalm Public Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Montcalm Public Employees 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: $85,616
Professional Fundraising Fees: $0
Other Salaries and Wages: $123,678

For more financial information, click here


Official website here: www.mpecreditunion.com

What is the mission statement of Montcalm Public Employees Credit Union?

The Montcalm Public Employees Credit Union's mission is centered around serving its members effectively. It aims to become their primary financial institution by offering reliable, comprehensive, courteous, and prompt services that are competitive with market standards and cater to members' needs. This mission, often referred to as "People helping People," underscores the Credit Union's commitment to putting its members at the forefront of its operations. The Credit Union provides various deposit account types, including savings, checking, and certificates, to cater to its members' financial needs.


Official website here: www.mpecreditunion.com

Who is the CEO of Montcalm Public Employees Credit Union?

Karen Engel is the Secretary of Montcalm Public Employees Credit Union.


Official website here: www.mpecreditunion.com

What is the revenue of Montcalm Public Employees Credit Union?

Montcalm Public Employees Credit Union's revenue in 2022 was $694,784.


Official website here: www.mpecreditunion.com

Who are the executives of Montcalm Public Employees Credit Union and what are their salaries?

The average compensation at Montcalm Public Employees Credit Union during 2022 was $41,859. There are 5 employees and 7 volunteers at Montcalm Public Employees Credit Union.


Here are 5 key members and their salaries:


Lisa Longnecker (Mngr / Treasure)
  • Compensation: $60,534
  • Related: $0
  • Other: $25,082
William L Moore (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharron Farrell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Engel (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Petersen (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mpecreditunion.com

Where can I find the form 990 for Montcalm Public Employees Credit Union?

Montcalm Public Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mpecreditunion.com

Learn more at the official website: www.mpecreditunion.com

Mission Statement of Montcalm Public Employees Credit Union

Montcalm Public Employees Credit Union is committed to serving its members as their primary financial institution. This mission is driven by the credit union's dedication to providing reliable, comprehensive, courteous, and prompt services that are competitive with the market and tailored to member needs. The guiding principle behind this mission is the belief in 'People helping People,' which underscores the credit union's focus on fostering a supportive and member-centric environment. By adhering to this mission, Montcalm Public Employees Credit Union aims to build strong, long-lasting relationships with its members, ensuring their financial well-being and satisfaction. The credit union offers a variety of deposit account types, including savings, checking, certificates, and others, to cater to its members' diverse financial needs. At the close of 2022, the credit union boasted a membership of 1,786 individuals, demonstrating its success in realizing its mission.

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Impact




October, 2024

Montcalm Public Employees Credit Union significantly impacts its community by prioritizing the financial well-being of its members. With a focus on becoming the primary financial institution for its members, the credit union offers a range of deposit accounts, including savings, checking, and certificates. Serving 1,786 members as of December 31, 2022, Montcalm Public Employees Credit Union emphasizes reliable, comprehensive, and courteous service that adapts to members' needs and remains competitive in the financial market. This approach not only fosters financial stability for individuals and families in Edmore, MI, but also strengthens the local economy through community engagement and support. The credit union embodies the spirit of "People helping People," ensuring that its members receive personalized attention and support in achieving their financial goals.




This information is meant to be a general summary of Montcalm Public Employees 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.

Revenue
$694,784 (2022)
Expenses
$493,891 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $240,551
  • Program Service Revenue: $454,233
  • Gross Receipts: $694,784

Assets and Liabilities:

  • Total Assets: $22,017,509
  • Total Liabilities: $18,482,647
  • Net Assets: $3,534,862

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Fees & Charges

Revenue

$34,672

Insurance Revenue

Revenue

$3,922

Interchange Fees

Revenue

$44,770

Interest on Loans

Revenue

$364,785

Other Income

Revenue

$6,084

Organization Details

Founding Year

1966

Principal Officer

Karen Engel

Main Address

1157 E Main St PO Box 469, Edmore, MI, 48829

NTEE Category

Code: W60 - Public benefit

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