Overview
What is I M Detroit District Credit Union?
I M Detroit District Credit Union is a nonprofit financial institution located at 2101 Gratiot, Detroit, Michigan 48207. Their primary mission is to offer savings deposit accounts to their members. As of December 31, 2022, they boast a membership base of 35 individuals. The credit union is dedicated to providing various financial services and products to its members, aiming to contribute positively to their financial well-being.
Is I M Detroit District Credit Union legitimate?
I M Detroit District Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. I M Detroit District 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: $0
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What is the mission statement of I M Detroit District Credit Union?
I M Detroit District Credit Union's primary mission is centered around serving its members. It accomplishes this by offering various financial services and products. The credit union's objective is to cater to its member base effectively, as evident from its provision of savings deposit accounts. As of December 31, 2022, the credit union boasted a membership of 35 individuals. In essence, I M Detroit District Credit Union is committed to providing its members with financial solutions, thereby fostering financial stability and growth within its member community.
Who is the CEO of I M Detroit District Credit Union?
Kenneth Hollowell is the Secretary of I M Detroit District Credit Union. The CEO's salary of I M Detroit District Credit Union is $0 and their total compensation is $0.
What is the revenue of I M Detroit District Credit Union?
I M Detroit District Credit Union's revenue in 2022 was $36,261.
Who are the executives of I M Detroit District Credit Union and what are their salaries?
There 10 volunteers at I M Detroit District Credit Union.
Here are 7 key members and their salaries (I M Detroit District Credit Union's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for I M Detroit District Credit Union?
I M Detroit District Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of I M Detroit District Credit Union
I M Detroit District Credit Union, as a nonprofit organization, is dedicated to providing financial services and products to its members. With a mission deeply rooted in member-focused care, the credit union offers savings deposit accounts to its member base. As of December 31, 2022, the credit union boasts a membership of 35 individuals. The credit union's primary role is to cater to the financial needs of its members, ensuring they have access to essential banking services.
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Impact
October, 2024
I M Detroit District Credit Union plays a vital role in the financial landscape of its community by providing essential financial services and products to its members. Located in Detroit, Michigan, the credit union serves a growing membership base, offering savings deposit accounts that help individuals secure their financial future. With a membership of 35 as of December 31, 2022, I M Detroit fosters a sense of community and shared purpose, empowering its members with the tools they need to achieve financial stability.
The impact of the credit union extends beyond individual members; it contributes to the broader public benefit by promoting financial literacy and inclusion. By focusing on personalized service and community engagement, I M Detroit District Credit Union supports economic development within the region, encouraging savings and financial responsibility among its members. This, in turn, helps to strengthen the local economy as more individuals gain access to essential financial resources.
This information is meant to be a general summary of I M Detroit District 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: $14,984
- Program Service Revenue: $21,277
- Gross Receipts: $36,261
Assets and Liabilities:
- Total Assets: $1,547,371
- Total Liabilities: $1,198,321
- Net Assets: $349,050
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Charges
Revenue
$20,733
Interest on Loans
Revenue
$544
Other Program Revenue
Organization Details
Founding Year
1957
Phone
(313) 259-5817Principal Officer
Kenneth Hollowell
Main Address
2101 Gratiot, Detroit, MI, 48207
NTEE Category
Code: W60 - Public benefit
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