Overview
What is Credit Unions Chartered In The State Of Michigan?
Kellogg Community Credit Union, a credit union chartered in Michigan, is a member-owned financial institution serving families for decades. The organization, with a workforce of 205 employees, is unique as it is governed and owned by its members who utilize its products and services. This structure sets it apart from other financial institutions, providing more opportunities for its members. The credit union's foundation comes from income generated through membership and the investment of members' funds. It operates with the mission to promote the financial well-being of all its members.
Official website here: www.kelloggccu.org
Is Credit Unions Chartered In The State Of Michigan legitimate?
Credit Unions Chartered In The State Of Michigan is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions Chartered In The State Of Michigan 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: $1,315,467
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,939,808
For more financial information, click here
Official website here: www.kelloggccu.org
What is the mission statement of Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered in the State of Michigan, also known as KCCU, is a full-service financial institution that has been serving families for decades. This credit union stands out from other financial institutions due to its unique structure. It is owned and governed by the very people who utilize its products and services. Each member holds a share in the credit union, contributing to its cooperative nature. The mission of KCCU is to promote the financial well-being of all its members. It operates with the goal of providing more opportunities than other institutions by being a member-owned and member-governed entity.
Official website here: www.kelloggccu.org
Who is the CEO of Credit Unions Chartered In The State Of Michigan?
Tracy Miller is the CEO of Credit Unions Chartered In The State Of Michigan The CEO's salary of Credit Unions Chartered In The State Of Michigan is $444,918 and their total compensation is $496,878.
Official website here: www.kelloggccu.org
What is the revenue of Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered In The State Of Michigan's revenue in 2023 was $47,149,535.
Official website here: www.kelloggccu.org
Who are the executives of Credit Unions Chartered In The State Of Michigan and what are their salaries?
The average compensation at Credit Unions Chartered In The State Of Michigan during 2023 was $59,711. There are 155 employees and 12 volunteers at Credit Unions Chartered In The State Of Michigan.
Here are 20 key members and their salaries (Credit Unions Chartered In The State Of Michigan's CEO's salary is $444,918 and their total compensation is $496,878):
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- Compensation: $444,918
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- Other: $51,960
- Compensation: $203,973
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- Other: $30,956
- Compensation: $95,423
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- Other: $16,743
- Compensation: $191,357
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- Compensation: $224,305
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- Other: $21,700
- Compensation: $176,388
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- Other: $28,796
- Compensation: $123,925
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- Other: $21,306
- Compensation: $119,742
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- Other: $16,145
- Compensation: $117,357
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- Other: $8,853
- Compensation: $108,093
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- Other: $29,481
Official website here: www.kelloggccu.org
Where can I find the form 990 for Credit Unions Chartered In The State Of Michigan?
Credit Unions Chartered In The State Of Michigan's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kelloggccu.org
Learn more at the official website: www.kelloggccu.org
Mission Statement of Credit Unions Chartered In The State Of Michigan
KCCU, a Michigan-chartered credit union, has been dedicated to serving families for decades. Different from other financial institutions, KCCU is unique as it is owned and governed by its members who utilize its products and services. Each member holds a share in the credit union, and it operates with the primary objective of promoting the financial well-being of all its members.
KCCU's mission lies in offering more opportunities than other financial institutions due to its member-owned structure. The credit union's governance ensures that it caters to the financial needs and interests of its members, fostering a sense of community and collaboration. Members' collective ownership translates into a financial institution that prioritizes their financial health, setting it apart from traditional financial institutions.
In essence, KCCU functions as a cooperative, where every member has a stake and a voice in its operations. By promoting the financial well-being of its members, the credit union aims to create a positive impact on their lives. The member-owned structure not only allows for greater control and involvement but also cultivates a sense of unity and shared goals among its members.
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Impact
October, 2024
Credit Unions Chartered in the State of Michigan, such as KCCU, significantly enhance the financial landscape for families in the region by offering a wide range of services tailored to the needs of their members. As institutions governed by their members, credit unions like KCCU emphasize community-oriented financial engagement, empowering individuals to take control of their financial futures.
KCCU provides opportunities through personalized financial products and services that are often more advantageous than those available at traditional banks. This member-centric approach not only fosters a sense of ownership among its members but also ensures that decisions about services and policies are made with their best interests in mind.
The income generated from membership and members' investments creates a solid foundation for sustainable operations, allowing KCCU to continually invest in services that promote financial literacy and well-being. This commitment to the financial health of its members strengthens the local economy and builds a supportive community network.
In a region where access to affordable financial services is crucial, the impact of credit unions like KCCU extends beyond individual financial benefits. They contribute to overall economic stability and growth by helping families build assets, improve credit scores, and achieve long-term financial goals. Through their dedication to community service and support, these institutions play a vital role in enhancing the quality of life for their members and the communities they serve.
This information is meant to be a general summary of Credit Unions Chartered In The State Of Michigan. 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 2023.
- Investment Income: $5,070,796
- Program Service Revenue: $41,663,660
- Gross Receipts: $47,356,706
Assets and Liabilities:
- Total Assets: $830,760,566
- Total Liabilities: $716,268,496
- Net Assets: $114,492,070
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME ON LOANS
Revenue
$30,680,034
FEES/CHARGES/OTHER
Revenue
$10,983,626
Organization Details
Founding Year
1941
Principal Officer
Tracy Miller
Website
www.kelloggccu.orgNTEE Category
Code: W60 - Public benefit
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