Diversified Members Credit Union

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

EIN: 380480170 ✦ Detroit, MI ✦ Designated as a 501(c)(14)

Overview

What is Diversified Members Credit Union?

Diversified Members Credit Union is a Michigan-based financial institution located in Detroit, with the address 1480 East Jefferson Avenue. Their mission is to offer welcoming, personal financial services to all members in a professional setting. The credit union employs a team of 115 individuals dedicated to this cause. They prioritize providing a friendly and approachable atmosphere to help members manage their finances.


Official website here: www.dmcu.com

Is Diversified Members Credit Union legitimate?

Diversified Members Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Diversified Members 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $759,504
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,679,713

For more financial information, click here


Official website here: www.dmcu.com

What is the mission statement of Diversified Members Credit Union?

Diversified Members Credit Union is committed to offering friendly and personal financial services to all its members in a professional setting. Their mission is geared towards ensuring that each member receives the best possible financial assistance. The credit union prioritizes creating a warm and inviting atmosphere, making it an ideal place for individuals to manage their finances with ease. The team at Diversified Members Credit Union is dedicated to delivering quality financial services that cater to the unique needs of each member. They strive to maintain a high level of professionalism while providing personalized attention to every transaction. By providing these services in a friendly and approachable manner, the credit union builds strong relationships with its members and fosters a sense of community.


Official website here: www.dmcu.com

Who is the CEO of Diversified Members Credit Union?

Kathie Trembath is the Ceo of Diversified Members Credit Union. The CEO's salary of Diversified Members Credit Union is $351,807 and their total compensation is $351,807.


Official website here: www.dmcu.com

What is the revenue of Diversified Members Credit Union?

Diversified Members Credit Union's revenue in 2022 was $22,003,363.


Official website here: www.dmcu.com

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

The average compensation at Diversified Members Credit Union during 2022 was $55,993. There are 115 employees at Diversified Members Credit Union.

Here are 12 key members and their salaries (Diversified Members Credit Union's CEO's salary is $351,807 and their total compensation is $351,807):

    Kathie Trembath (Ceo)
  • Compensation: $351,807
  • Related: $0
  • Other: $0

    • Kevin O'Connor (Cfo)
  • Compensation: $222,990
  • Related: $0
  • Other: $0

    • Sati Smith (Coo)
  • Compensation: $184,707
  • Related: $0
  • Other: $0

    • Janisse Green (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Brooks Iii (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carl Jarboe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Darren Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Albert Patrick Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anthony Lamerato (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerome Pokorski (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Pollack (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pamela Scales (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.dmcu.com

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

    The Diversified Members Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.dmcu.com

    Learn more at the official website: www.dmcu.com

    Mission Statement of Diversified Members Credit Union

    Diversified Members Credit Union, a financial institution dedicated to its members, strives to provide friendly, personalized financial services in a professional atmosphere. The organization's mission is to cater to each member's unique financial needs with a personal touch, maintaining a high level of professionalism throughout every interaction. By focusing on both the personal and the professional aspects of financial services, Diversified Members Credit Union aims to create a positive and engaging experience for all its members.

    Impact

    This information is meant to be a general summary of Diversified Members Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Diversified Members Credit Union has a significant impact on the Detroit community by providing friendly, personal, and professional financial services to all its members. This allows individuals and businesses in Detroit to access essential financial services in a user-friendly and supportive environment. Through its mission of serving all members with professionalism and care, Diversified Members Credit Union contributes to the financial well-being and stability of its community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $4,458,285
  • Program Service Revenue: $12,868,862
  • Gross Receipts: $22,003,363

    • Assets and Liabilities:
  • Total Assets: $485,865,565
  • Total Liabilities: $414,205,521
  • Net Assets: $71,660,044
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST ON LOANS

    Revenue

    $12,868,862

    Organization Details

    Founding Year

    1929

    Principal Officer

    Kathie Trembath

    Main Address

    1480 EAST JEFFERSON AVENUE, DETROIT, MI, 48207

    NTEE Category

    Code: W60 - Public benefit

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