Overview
What is Credit Union Chartered In The State Of M Community Alliance Credit Union?
Community Alliance Credit Union, chartered in Michigan, is a not-for-profit financial institution that caters to its members. Its primary mission, as outlined by the Michigan Credit Union Act, is to offer competitive deposit and loan products. With a team of 28 dedicated employees, the credit union provides financial services to its members until its merger with People Driven Credit Union on December 31, 2022. The institution operated from Livonia, Michigan, providing financial support to its community.
Official website here: www.communityalliancecu.org
Is Credit Union Chartered In The State Of M Community Alliance Credit Union legitimate?
Credit Union Chartered In The State Of M Community Alliance Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Union Chartered In The State Of M Community Alliance 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: $884,995
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,078,279
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Official website here: www.communityalliancecu.org
What is the mission statement of Credit Union Chartered In The State Of M Community Alliance Credit Union?
The Community Alliance Credit Union, as per its mission, is committed to offering competitive deposit and loan products to its membership, in accordance with the Michigan Credit Union Act. This credit union's primary objective is to serve its members effectively, providing them with financial solutions tailored to their needs. The Michigan Credit Union Act sets the guidelines for the credit union's operations, ensuring it operates in the best interests of its members. At the close of business on December 31, 2022, Community Alliance Credit Union merged into People Driven Credit Union.
Official website here: www.communityalliancecu.org
Who is the CEO of Credit Union Chartered In The State Of M Community Alliance Credit Union?
Michele Wollard is the Ceo of Credit Union Chartered In The State Of M Community Alliance Credit Union. The CEO's salary of Credit Union Chartered In The State Of M Community Alliance Credit Union is $218,068 and their total compensation is $509,166.
Official website here: www.communityalliancecu.org
What is the revenue of Credit Union Chartered In The State Of M Community Alliance Credit Union?
Credit Union Chartered In The State Of M Community Alliance Credit Union's revenue in 2022 was $2,507,603.
Official website here: www.communityalliancecu.org
Who are the executives of Credit Union Chartered In The State Of M Community Alliance Credit Union and what are their salaries?
The average compensation at Credit Union Chartered In The State Of M Community Alliance Credit Union during 2022 was $70,117. There are 28 employees and 8 volunteers at Credit Union Chartered In The State Of M Community Alliance Credit Union.
Here are 12 key members and their salaries (Credit Union Chartered In The State Of M Community Alliance Credit Union's CEO's salary is $218,068 and their total compensation is $509,166):
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $218,068
- Related: $0
- Other: $291,098
- Compensation: $153,296
- Related: $0
- Other: $33,367
- Compensation: $168,227
- Related: $0
- Other: $20,939
- Compensation: $106,238
- Related: $0
- Other: $20,037
Official website here: www.communityalliancecu.org
Where can I find the form 990 for Credit Union Chartered In The State Of M Community Alliance Credit Union?
Credit Union Chartered In The State Of M Community Alliance Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communityalliancecu.org
Learn more at the official website: www.communityalliancecu.org
Mission Statement of Credit Union Chartered In The State Of M Community Alliance Credit Union
Credit Union Chartered In M, specifically Community Alliance Credit Union, is dedicated to serving its membership by offering competitive deposit and loan products, in line with the Michigan Credit Union Act. Their mission is to provide financial services that cater to the needs of their members, ensuring they have access to both savings and borrowing options. This credit union operates under the principles of fairness and competitiveness, aiming to meet the financial needs of its members effectively.
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Impact
October, 2024
Credit Union Chartered In The State Of M Community Alliance Credit Union significantly impacted its members by providing accessible and competitive financial services. The credit union focused on delivering a range of deposit and loan products tailored to meet the needs of its membership, thereby promoting financial wellbeing within the community. By adhering to the Michigan Credit Union Act, it ensured responsible lending practices and fair interest rates, which helped members manage their financial goals effectively.
In Livonia, Michigan, Community Alliance Credit Union served as a vital financial resource, enabling individuals and families to save, invest, and borrow with confidence. Its commitment to enhancing the financial health of its members fostered a sense of community and trust. The merger with People Driven Credit Union at the end of 2022 further strengthened the offerings available to members, ensuring continued access to comprehensive financial services and support. Overall, Community Alliance Credit Union played a crucial role in empowering its members economically, contributing to a more financially secure community.
This information is meant to be a general summary of Credit Union Chartered In The State Of M Community Alliance 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: -$2,293,016
- Program Service Revenue: $4,762,724
- Gross Receipts: $42,832,200
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOANS RECEIVABLE
Revenue
$3,210,926
FEE INCOME
Revenue
$1,551,798
Organization Details
Founding Year
1966
Phone
(800) 287-0046Principal Officer
Michele Wollard
Main Address
39209 SIX MILE ROAD 160, LIVONIA, MI, 48152
Website
www.communityalliancecu.orgNTEE Category
Code: W60 - Public benefit
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