Overview
What is Marine Credit Union?
Marine Credit Union is a financial intermediary based in La Crosse, Wisconsin, with over 78,000 members. Each member holds a savings account and 50,000 of them have checking accounts with the credit union. Marine Credit Union offers these services at reduced costs compared to other options. Their mission is to extend their reach to underserved communities by providing a wider array of high-quality products and services. With a workforce of 544 employees, Marine Credit Union aims to increase the number and percentage of customers utilizing their offerings.
Official website here: www.marinecu.com
Is Marine Credit Union legitimate?
Marine Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Marine 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: $3,041,406
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,957,084
For more financial information, click here
Official website here: www.marinecu.com
What is the mission statement of Marine Credit Union?
Marine Credit Union is committed to serving more of the underserved population by providing a wide range of high-quality products and services. With over 78,000 members, the credit union acts as a financial intermediary, ensuring that each member has at least one savings account and over 50,800 checking accounts. Marine Credit Union prides itself on offering these services at lower costs than what is generally available. The organization protects over $755 million in insured funds on behalf of its depositors, demonstrating its dedication to financial security. The credit union aims to increase the number and percentage of customers utilizing its offerings.
Official website here: www.marinecu.com
Who is the CEO of Marine Credit Union?
Darrick Weeks is the President & Ceo of Marine Credit Union. The CEO's salary of Marine Credit Union is $493,041 and their total compensation is $526,179.
Official website here: www.marinecu.com
What is the revenue of Marine Credit Union?
Marine Credit Union's revenue in 2022 was $77,409,562.
Official website here: www.marinecu.com
Who are the executives of Marine Credit Union and what are their salaries?
The average compensation at Marine Credit Union during 2022 was $58,821. There are 544 employees at Marine Credit Union.
Here are 22 key members and their salaries (Marine Credit Union's CEO's salary is $493,041 and their total compensation is $526,179):
- Compensation: $23,500
- Related: $0
- Other: $0
- Compensation: $18,500
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $10,500
- Related: $0
- Other: $0
- Compensation: $7,500
- Related: $0
- Other: $0
- Compensation: $493,041
- Related: $0
- Other: $33,138
- Compensation: $317,726
- Related: $0
- Other: $34,816
- Compensation: $375,907
- Related: $0
- Other: $37,817
- Compensation: $340,079
- Related: $0
- Other: $34,816
- Compensation: $300,307
- Related: $0
- Other: $35,866
- Compensation: $278,082
- Related: $0
- Other: $35,514
- Compensation: $297,056
- Related: $0
- Other: $34,816
- Compensation: $241,097
- Related: $0
- Other: $19,328
- Compensation: $317,502
- Related: $0
- Other: $36,316
- Compensation: $256,962
- Related: $0
- Other: $37,405
- Compensation: $265,183
- Related: $0
- Other: $27,880
- Compensation: $233,341
- Related: $0
- Other: $34,816
- Compensation: $195,431
- Related: $0
- Other: $32,094
- Compensation: $822,000
- Related: $0
- Other: $10,250
Official website here: www.marinecu.com
Where can I find the form 990 for Marine Credit Union?
Marine Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.marinecu.com
Learn more at the official website: www.marinecu.com
Mission Statement of Marine Credit Union
Marine Credit Union, with its mission, is committed to extending a helping hand to a larger segment of the underprivileged population. This financial institution goes beyond the call of duty to provide an array of top-tier products and services, giving back to the community in more ways than one.
Marine Credit Union proudly serves over 78,000 members, each of whom holds a savings account and over 50,000 who use checking accounts with the union. The credit union offers these essential services at competitive prices, ensuring that they are accessible to a broader demographic at a lower cost than usual. Marine Credit Union's responsibility extends to protecting over $755 million in insured funds on behalf of its depositors.
Inherent in Marine Credit Union's mission is the goal to expand its customer base and increase the percentage of individuals engaging with its diverse offerings. The credit union acts as a catalyst for financial growth in the communities it serves, fostering financial stability and enabling its members to improve their financial situation. Marine Credit Union's unwavering dedication to serving the underserved is a cornerstone of its identity.
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Impact
October, 2024
Marine Credit Union significantly impacts the communities it serves by providing essential financial services to over 78,000 members, many of whom are underserved. With a commitment to accessibility, Marine Credit Union acts as a financial intermediary, offering products and services at lower costs compared to traditional financial institutions. Its members benefit from over 50,000 checking accounts and a secure environment for their deposits, with more than $755 million in insured funds protected.
The union emphasizes serving the community by increasing the variety and accessibility of high-quality financial services. This dedication helps empower individuals and families, facilitating greater financial stability and encouraging savings among its members. Through its efforts, Marine Credit Union not only fosters economic inclusion but also promotes a sense of financial security within the community.
This information is meant to be a general summary of Marine 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: $4,318,475
- Program Service Revenue: $72,903,352
- Gross Receipts: $78,576,920
Assets and Liabilities:
- Total Assets: $1,034,078,280
- Total Liabilities: $934,376,514
- Net Assets: $99,701,766
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$53,870,923
FEE INCOME
Revenue
$17,940,854
OTHER OPERATING INCOME
Revenue
$1,091,575
Organization Details
Founding Year
1949
Phone
(262) 389-1758Principal Officer
Darrick Weeks
Main Address
300 2ND ST N STE 400, LA CROSSE, WI, 54601
Website
www.marinecu.comNTEE Category
Code: W60 - Public benefit
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