Overview
What is Michigan Credit Union Foundation?
The Michigan Credit Union Foundation is a nonprofit organization, situated in Plymouth, Michigan. Its primary mission is to boost financial well-being within the community by collaborating with credit unions. They accomplish this goal by providing financial aid, grants, and scholarships to individuals and organizations associated with the credit union movement. The foundation's activities are geared towards community enrichment, financial education, and the development of credit unions. By doing so, they aim to contribute positively to the community and improve the overall financial well-being of the population they serve.
Official website here: www.mcul.org/about-mcuf
Is Michigan Credit Union Foundation legitimate?
Michigan Credit Union Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Credit Union Foundation 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mcul.org/about-mcuf
What is the mission statement of Michigan Credit Union Foundation?
The Michigan Credit Union Foundation's mission is to collaboratively enhance the financial well-being of credit unions by backing community enrichment, financial education, and development initiatives. They achieve this by providing awards, grants, and scholarships on behalf of the credit union movement, aiming to support organizations and individuals within the sector. The foundation's activities are geared towards promoting financial stability and bettering the lives of individuals associated with credit unions.
Official website here: www.mcul.org/about-mcuf
Who is the CEO of Michigan Credit Union Foundation?
Beth Troost is the President of Michigan Credit Union Foundation.
Official website here: www.mcul.org/about-mcuf
What is the revenue of Michigan Credit Union Foundation?
Michigan Credit Union Foundation's revenue in 2022 was $347,118.
Official website here: www.mcul.org/about-mcuf
Who are the executives of Michigan Credit Union Foundation and what are their salaries?
There 7 volunteers at Michigan Credit Union Foundation.
Here are 9 key members and their salaries:
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- Related: $202,205
- Other: $25,923
- Compensation: $0
- Related: $78,302
- Other: $7,223
Official website here: www.mcul.org/about-mcuf
Where can I find the form 990 for Michigan Credit Union Foundation?
Michigan Credit Union Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcul.org/about-mcuf
Learn more at the official website: www.mcul.org/about-mcuf
Mission Statement of Michigan Credit Union Foundation
The Michigan Credit Union Foundation, a cooperative entity, is dedicated to empowering credit unions by boosting financial well-being. They achieve this goal by supporting community enrichment, financial education, and credit union development initiatives. This nonprofit organization takes a collaborative approach to fulfill its mission, providing awards, grants, and scholarships on behalf of the credit union movement. By doing so, it contributes to the overall growth and betterment of the credit union sector, ultimately promoting financial stability and resilience within the communities they serve.
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Impact
October, 2024
The Michigan Credit Union Foundation plays a crucial role in enhancing financial well-being within communities by empowering credit unions through various initiatives. By providing awards, grants, and scholarships, the foundation supports efforts in community enrichment, financial education, and the development of credit unions. This commitment not only strengthens the credit union movement but also fosters a culture of financial literacy and community support, ultimately leading to a more informed and empowered population. Located in Plymouth, MI, the foundation focuses on cooperative empowerment, ensuring that its activities lead to tangible benefits for individuals and organizations alike.
This information is meant to be a general summary of Michigan Credit Union Foundation. 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: $15,894
- Gross Receipts: $347,118
Assets and Liabilities:
- Total Assets: $1,096,082
- Total Liabilities: $13,466
- Net Assets: $1,082,616
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Organization Details
Founding Year
1954
Phone
(734) 793-3420Principal Officer
Beth Troost
Main Address
PO BOX 8054, PLYMOUTH, MI, 481708054
Website
www.mcul.org/about-mcufNTEE Category
Code: W61 - Public benefit
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