Auto-Owners Associates Credit Union

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

EIN: 386053685 ✦ Lansing, MI ✦ Designated as a 501(c)(14)

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Overview

What is Auto-Owners Associates Credit Union?

Auto-Owners Associates Credit Union is a member-focused financial institution based in Lansing, Michigan. Established to promote thrift and financial wellbeing among its members, the credit union offers a range of deposit services, including Share Drafts, Certificates, Christmas Clubs, and Savings accounts. As of December 31, 2022, the credit union serves approximately 2,820 members, demonstrating its commitment to providing financial services to its community. With a modest workforce of one employee, Auto-Owners Associates Credit Union strives to empower its members to control their finances and improve their economic and social conditions.


Official website here: www.aoacu.com

Is Auto-Owners Associates Credit Union legitimate?

Auto-Owners Associates Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Auto-Owners Associates 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: $209,700

For more financial information, click here


Official website here: www.aoacu.com

What is the mission statement of Auto-Owners Associates Credit Union?

Auto-Owners Associates Credit Union's mission is centered around promoting thrift among its members and offering a range of financial services. The primary objective is to offer its members the chance to manage their own funds democratically, aiming to enhance their economic and social condition. By providing services such as Share Drafts, Certificates, Christmas Clubs, and Savings accounts, the credit union empowers its members to take control of their finances.


Official website here: www.aoacu.com

Who is the CEO of Auto-Owners Associates Credit Union?

Patricia Fox is the Secretary of Auto-Owners Associates Credit Union. The CEO's salary of Auto-Owners Associates Credit Union is $0 and their total compensation is $0.


Official website here: www.aoacu.com

What is the revenue of Auto-Owners Associates Credit Union?

Auto-Owners Associates Credit Union's revenue in 2022 was $1,042,987.


Official website here: www.aoacu.com

Who are the executives of Auto-Owners Associates Credit Union and what are their salaries?

The average compensation at Auto-Owners Associates Credit Union during 2022 was $209,700. There is 1 employee and 7 volunteers at Auto-Owners Associates Credit Union.


Here are 8 key members and their salaries (Auto-Owners Associates Credit Union's CEO's salary is $0 and their total compensation is $0):


Amy Chick (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Gruber (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana Riddle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Leuders (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Ashley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trevor Mahoney (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Torrey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Fox (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.aoacu.com

Where can I find the form 990 for Auto-Owners Associates Credit Union?

Auto-Owners Associates Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.aoacu.com

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

Mission Statement of Auto-Owners Associates Credit Union

Auto-Owners Associates Credit Union is committed to promoting thrift among its members. Its primary objective is to offer a variety of financial services to its members, enabling them to manage their money democratically. The credit union aims to improve its members' economic and social condition by providing them with an opportunity to control their funds. By encouraging thrift and offering financial services, Auto-Owners Associates Credit Union empowers its members to enhance their financial stability and well-being.

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Impact




October, 2024

Auto-Owners Associates Credit Union significantly enhances the financial well-being of its members by promoting thrift and providing access to a diverse range of financial services. As of December 31, 2022, the credit union serves 2,820 members in Lansing, MI, offering deposit accounts such as Share Drafts, Certificates, Christmas Clubs, and Savings accounts.

Its mission focuses on empowering members to manage their finances democratically, which fosters a sense of community and collaboration. By encouraging responsible financial habits, the credit union seeks to improve the economic and social conditions of its members, ultimately contributing to a more financially literate and stable community. This approach not only supports individual growth but also enhances collective resilience, making a meaningful impact on the lives of its members and the broader Lansing area.




This information is meant to be a general summary of Auto-Owners Associates 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
$1,042,987 (2022)
Expenses
$722,154 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $486,281
  • Program Service Revenue: $556,706
  • Gross Receipts: $1,042,987

Assets and Liabilities:

  • Total Assets: $45,463,210
  • Total Liabilities: $39,608,633
  • Net Assets: $5,854,577

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Programs

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

Fee & Other Income

Revenue

$241,216

Interest on Loans

Revenue

$315,490

Organization Details

Founding Year

1948

Principal Officer

Patricia Fox

Main Address

6101 Anacapri Blvd, Lansing, MI, 48917

NTEE Category

Code: W60 - Public benefit

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