Overview
What is Members Advantage Credit Union?
Members Advantage Credit Union is a member-owned financial organization situated in Wisconsin Rapids, Wisconsin. With a strong commitment to serving its members, the credit union offers a diverse array of competitively priced financial products and services. As of December 31, 2022, the credit union managed a substantial amount of $46.1 million in mortgages and home equity lines, $48.5 million in consumer loans, and $14.9 million in member business loans. The credit union also manages 2,011 credit card accounts for its members. Its mission is to cater to the evolving needs of its members in a friendly and professional manner, ensuring the credit union's long-term stability. The organization employs 44 dedicated individuals, demonstrating its dedication to providing exceptional financial services to its members.
Official website here: www.membersadvantagecu.com
Is Members Advantage Credit Union legitimate?
Members Advantage Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Members Advantage 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: $732,899
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,396,022
For more financial information, click here
Official website here: www.membersadvantagecu.com
What is the mission statement of Members Advantage Credit Union?
Members Advantage Credit Union is a member-owned financial organization dedicated to serving its members effectively and professionally. Its primary goal is to meet the evolving needs of its members by offering a range of competitively priced financial products and services. The credit union is committed to maintaining its long-term stability, ensuring it remains a reliable financial partner for its members. During 2022, the credit union funded 1,624 loans, demonstrating its commitment to supporting its members' financial needs. As of December 31, 2022, it managed significant amounts in mortgages/home equity lines, consumer loans, and member business loans, indicating its robust financial services portfolio. Additionally, it had 2,011 credit card accounts with its members, further underscoring its diverse financial offerings.
Official website here: www.membersadvantagecu.com
Who is the CEO of Members Advantage Credit Union?
Thomas Bulin is the Ceo of Members Advantage Credit Union. The CEO's salary of Members Advantage Credit Union is $269,903 and their total compensation is $335,223.
Official website here: www.membersadvantagecu.com
What is the revenue of Members Advantage Credit Union?
Members Advantage Credit Union's revenue in 2022 was $6,911,306.
Official website here: www.membersadvantagecu.com
Who are the executives of Members Advantage Credit Union and what are their salaries?
The average compensation at Members Advantage Credit Union during 2022 was $48,385. There are 44 employees and 8 volunteers at Members Advantage Credit Union.
Here are 11 key members and their salaries (Members Advantage Credit Union's CEO's salary is $269,903 and their total compensation is $335,223):
- Compensation: $2,640
- Related: $0
- Other: $0
- Compensation: $1,120
- Related: $0
- Other: $0
- Compensation: $840
- Related: $0
- Other: $0
- Compensation: $1,120
- Related: $0
- Other: $0
- Compensation: $1,120
- Related: $0
- Other: $0
- Compensation: $1,050
- Related: $0
- Other: $0
- Compensation: $1,050
- Related: $0
- Other: $0
- Compensation: $269,903
- Related: $0
- Other: $65,320
- Compensation: $155,181
- Related: $0
- Other: $37,216
- Compensation: $150,368
- Related: $0
- Other: $44,131
- Compensation: $1,840
- Related: $0
- Other: $0
Official website here: www.membersadvantagecu.com
Where can I find the form 990 for Members Advantage Credit Union?
Members Advantage Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.membersadvantagecu.com
Learn more at the official website: www.membersadvantagecu.com
Mission Statement of Members Advantage Credit Union
Members Advantage Credit Union, as a member-owned financial organization, is committed to serving its members effectively and professionally. Its mission encompasses three main objectives: firstly, it strives to meet the evolving needs of its members in a friendly and professional manner. Secondly, it offers a wide range of competitively priced financial products and services to cater to various financial requirements. Lastly, the credit union ensures its long-term stability to maintain its ability to serve its members reliably.
In essence, Members Advantage Credit Union is dedicated to fostering a supportive and member-centric environment while providing a diverse selection of financial solutions. It prioritizes member satisfaction and financial well-being, ensuring that its offerings are both competitive and tailored to meet the changing needs of its members. Furthermore, the credit union's focus on long-term stability underscores its commitment to being a reliable and sustainable financial partner for its members.
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Impact
October, 2024
Members Advantage Credit Union plays a significant role in the financial well-being of its community by offering a variety of competitively priced financial products and services tailored to meet the evolving needs of its members. In 2022 alone, the credit union provided 1,624 loans, highlighting its commitment to supporting individuals and businesses in Wisconsin Rapids, WI.
With substantial contributions to the local economy, the credit union held over $46 million in mortgages and home equity lines, nearly $49 million in consumer loans, and more than $14 million in member business loans by the end of 2022. Additionally, maintaining over 2,000 credit card accounts with members indicates a strong engagement and trust within the community.
Members Advantage Credit Union is dedicated to a friendly and professional service approach, ensuring that members feel valued while benefiting from long-term financial stability. This member-owned organization not only fosters financial empowerment but also strengthens the overall economic landscape in which it operates.
This information is meant to be a general summary of Members Advantage 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: $527,495
- Program Service Revenue: $6,223,094
- Gross Receipts: $6,944,707
Assets and Liabilities:
- Total Assets: $178,612,382
- Total Liabilities: $154,351,459
- Net Assets: $24,260,923
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$4,244,687
MEMBER FEE INCOME
Revenue
$1,978,407
Organization Details
Founding Year
1932
Phone
(715) 421-1610Principal Officer
Thomas Bulin
Main Address
PO BOX 1208, WISCONSIN RAPIDS, WI, 544951208
Website
www.membersadvantagecu.comNTEE Category
Code: W60 - Public benefit
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