Overview
What is Gratiot Community Credit Union?
Gratiot Community Credit Union is a member-focused financial institution located in Alma, Michigan. Established at 211 W Center St, this credit union offers various deposit account options including savings, checking, and certificates. As of December 31, 2022, it boasts a membership base of 6,692 individuals. Its primary mission is to deliver financial services and products to its members, aiming to enhance their financial well-being. The credit union employs a team of 31 professionals to ensure efficient and effective service delivery.
Official website here: www.gratiotcu.org
Is Gratiot Community Credit Union legitimate?
Gratiot Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Gratiot Community 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: $262,110
Professional Fundraising Fees: $0
Other Salaries and Wages: $603,570
For more financial information, click here
Official website here: www.gratiotcu.org
What is the mission statement of Gratiot Community Credit Union?
Gratiot Community Credit Union's primary mission is centered around providing financial services and products to its members. This mission is encapsulated in their activities, as they offer various deposit account options such as savings, checking, and certificates. The credit union serves a membership base of 6,692 individuals as of December 31, 2022. In essence, Gratiot Community Credit Union is committed to supporting its members' financial needs, offering them a range of financial tools to manage their finances effectively.
Official website here: www.gratiotcu.org
Who is the CEO of Gratiot Community Credit Union?
Brenda L Miller is the Ceo of Gratiot Community Credit Union. The CEO's salary of Gratiot Community Credit Union is $66,263 and their total compensation is $73,957.
Official website here: www.gratiotcu.org
What is the revenue of Gratiot Community Credit Union?
Gratiot Community Credit Union's revenue in 2022 was $2,625,558.
Official website here: www.gratiotcu.org
Who are the executives of Gratiot Community Credit Union and what are their salaries?
The average compensation at Gratiot Community Credit Union during 2022 was $27,925. There are 31 employees and 7 volunteers at Gratiot Community Credit Union.
Here are 10 key members and their salaries (Gratiot Community Credit Union's CEO's salary is $66,263 and their total compensation is $73,957):
- Compensation: $109,254
- Related: $0
- Other: $13,164
- Compensation: $66,263
- Related: $0
- Other: $7,694
- Compensation: $59,759
- Related: $0
- Other: $5,973
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.gratiotcu.org
Where can I find the form 990 for Gratiot Community Credit Union?
Gratiot Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gratiotcu.org
Learn more at the official website: www.gratiotcu.org
Mission Statement of Gratiot Community Credit Union
Gratiot Community Credit Union, as outlined in the provided information, is dedicated to serving its members by offering a variety of financial services and products. Its mission can be encapsulated as providing a platform where members can manage their finances effectively. The credit union offers a range of deposit accounts, including savings, checking, certificates, and other types, catering to the diverse financial needs of its members. As of December 31, 2022, the credit union had a membership of 6,692 individuals, underscoring its commitment to serving a substantial community of individuals. In essence, Gratiot Community Credit Union is a financial institution that prioritizes the needs of its members, offering them the tools to manage their finances effectively and responsibly.
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Impact
October, 2024
Gratiot Community Credit Union plays a significant role in enhancing the financial well-being of its members in Alma, MI, by offering a variety of financial services and products. With a membership base of 6,692 as of December 31, 2022, the credit union delivers accessible banking options that include several types of deposit accounts like savings, checking, and certificates.
By providing these services, Gratiot Community Credit Union fosters financial literacy and empowers members to make informed decisions about their finances. This, in turn, contributes to community stability and growth, as members can save, manage their funds, and plan for their futures effectively. The credit union's commitment to its mission reinforces the importance of accessible financial services in promoting economic empowerment and public benefit within the local community.
This information is meant to be a general summary of Gratiot Community 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: $233,161
- Program Service Revenue: $2,392,397
- Gross Receipts: $4,885,558
Assets and Liabilities:
- Total Assets: $55,615,153
- Total Liabilities: $51,779,445
- Net Assets: $3,835,708
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Credit Card Interchange
Revenue
$84,280
Fees & Charges
Revenue
$432,569
Interest on Loans
Revenue
$1,635,897
Non-Member ATM Fees
Revenue
$16,224
Other Operating Income
Revenue
$212,170
Organization Details
Founding Year
1955
Phone
(989) 463-8321Principal Officer
Brenda L Miller
Main Address
211 W Center St, Alma, MI, 48801
Website
www.gratiotcu.orgNTEE Category
Code: W60 - Public benefit
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