Members Choice Credit Union

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 616029190 ✦ Ashland, KY ✦ Designated as a 501(c)(14)

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Overview

What is Members Choice Credit Union?

Members Choice Credit Union is a financial institution committed to serving its credit union members. Based on the provided information, this organization focuses on extending financial services to its members. With the mission to provide financial assistance, Members Choice Credit Union offers various services to cater to its community.


Official website here: www.mccu.net

What are the reviews and ratings of this charity?

Members Choice Credit Union is not currently rated by Charity Navigator. This lack of evaluation does not indicate a positive or negative standing, simply that the organization hasn't been assessed. Charity Navigator primarily evaluates 501(c)(3) nonprofits, and as Members Choice Credit Union is not registered under this designation, it is ineligible for their standard ratings, which limits comprehensive evaluation.

The absence of a Charity Navigator rating leaves the Accountability and Finance aspects generally unspecified for this credit union. Historical ratings from this platform did not account for Leadership & Adaptability or Culture & Community, instead focusing mainly on financial transparency. Thus, the financial health and accountability of Members Choice Credit Union remain unclear under these criteria.

Currently, there are no user reviews available on GreatNonprofits for Members Choice Credit Union, which prevents a display of public perception or user experiences. The lack of reviews suggests either a limited interaction with its public profile in such forums or an absence of submitted feedback, providing no additional insight beyond financial and structural data points.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Members Choice Credit Union?

82% of 502 reviewers on Facebook endorse Members Choice Credit Union. Here is a summary of their reviews:

Many users express a high level of satisfaction with the services provided by the credit union. Customers appreciate the helpfulness and friendliness of the staff, often highlighting their positive experiences in dealing with financial matters. A number of reviewers mention loyalty, noting that they would not consider banking elsewhere due to their positive interactions.

Overall, Members Choice Credit Union appears to deliver on its promises, as clients feel supported and valued. The combination of excellent customer service and reliability contributes to a strong recommendation from the majority of users.


This AI summary has been generated from reviews found on Facebook.

Is Members Choice Credit Union legitimate?

Members Choice Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Members Choice 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,242,014

For more financial information, click here


Official website here: www.mccu.net

What is the mission statement of Members Choice Credit Union?

Members Choice Credit Union is dedicated to offering financial services to its members. Their primary mission is to cater to the financial needs of their credit union members. By providing a range of financial services, the credit union aims to help its members manage their money effectively and achieve their financial goals. The institution is committed to ensuring that its members have access to reliable and convenient financial solutions. Through its various offerings, Members Choice Credit Union empowers its members to make informed financial decisions and build a secure financial future.


Official website here: www.mccu.net

Who is the CEO of Members Choice Credit Union?

Jason Suman is the President of Members Choice Credit Union.


Official website here: www.mccu.net

What is the revenue of Members Choice Credit Union?

Members Choice Credit Union's revenue in 2022 was $16,240,826.


Official website here: www.mccu.net

Who are the executives of Members Choice Credit Union and what are their salaries?

The average compensation at Members Choice Credit Union during 2022 was $38,141. There are 85 employees at Members Choice Credit Union.


Here are 8 key members and their salaries:


Jason Suman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Smith (Secretary-Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Neikirk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Darnell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Townsend (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rod Hieneman (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Q Hewlett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryan Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mccu.net

Where can I find the form 990 for Members Choice Credit Union?

Members Choice Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mccu.net

Learn more at the official website: www.mccu.net

Mission Statement of Members Choice Credit Union

Members Choice Credit Union, with its mission, is dedicated to extending financial services to its member base. This non-profit organization prioritizes offering financial solutions to those who hold membership with great care and commitment. By providing a range of financial services, Members Choice Credit Union aims to cater to the diverse financial needs of its members in an effective and accessible manner.

Members Choice Credit Union operates under the principle of putting its members first. With a strong focus on financial wellbeing, the credit union offers various financial products and services tailored to meet the unique requirements of its members. By providing these services, Members Choice Credit Union fosters a sense of financial empowerment, enabling its members to manage their financial resources effectively.

The credit union's primary objective is to ensure that its members have access to the financial tools they need to achieve their financial goals. Whether it's securing a loan, saving for the future, or managing day-to-day expenses, Members Choice Credit Union is there to support its members every step of the way. The organization's dedication to its mission is unwavering, and its commitment to its members is evident in its wide array of financial offerings.

In summary, Members Choice Credit Union is a non-profit financial institution that is focused on delivering financial services to its credit union members. Through its commitment to offering a diverse range of financial products and services, the organization empowers its members to manage their finances effectively and work towards their financial goals.

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Impact




October, 2024

Members Choice Credit Union significantly impacts the community by providing essential financial services tailored to the needs of its members. Located in Ashland, KY, the credit union focuses on fostering financial well-being and stability for individuals and families. Through its mission, it prioritizes accessible banking options, encouraging responsible financial practices and supporting economic growth within the community. The services offered help members build wealth, manage their finances effectively, and achieve their financial goals, ultimately contributing to the overall prosperity of the region.




This information is meant to be a general summary of Members Choice 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.

Revenue
$16,240,826 (2022)
Expenses
$14,364,309 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,720,886
  • Program Service Revenue: $14,519,940
  • Gross Receipts: $16,240,826

Assets and Liabilities:

  • Total Assets: $358,992,351
  • Total Liabilities: $329,957,241
  • Net Assets: $29,035,110

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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

$10,504,024

MEMBER SERVICE FEES

Revenue

$3,484,613

VISA FEES

Revenue

$347,242

OTHER OPERATING INCOME

Revenue

$184,061

Organization Details

Founding Year

1932

Principal Officer

Jason Suman

Main Address

PO BOX 1468, ASHLAND, KY, 411051468

NTEE Category

Code: W60 - Public benefit

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