Credit Union Chartered In The State Of Community Choice Credit Union

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

EIN: 380960035 ✦ Farmington hills, MI ✦ Designated as a 501(c)(14)

Overview

What is Credit Union Chartered In The State Of Community Choice Credit Union?

Community Choice Credit Union, chartered in the state of Michigan, is a member-owned, not-for-profit financial cooperative. Established with a commitment to serving as trusted advisors to its members, the credit union aims to enhance their financial lives and contribute to the well-being of the communities in Michigan. With a strong dedication to its core values of commitment, charitability, credibility, and unity, the credit union provides various loan services to its members in need. These loans include mortgages and home equity loans worth $97.1 million, business loans totaling $79.6 million, and auto loans amounting to $295.3 million. By offering these financial solutions, Community Choice Credit Union helps its neighbors achieve their desired lifestyles. The organization employs 469 individuals and is headquartered at 31155 Northwestern Highway, Farmington Hills, MI, 48334.


Official website here: www.communitychoicecu.com

Is Credit Union Chartered In The State Of Community Choice Credit Union legitimate?

Credit Union Chartered In The State Of Community Choice Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Union Chartered In The State Of Community 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $4,494,141
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,784,867

For more financial information, click here


Official website here: www.communitychoicecu.com

What is the mission statement of Credit Union Chartered In The State Of Community Choice Credit Union?

Community Choice Credit Union is a member-owned, not-for-profit financial cooperative. Their mission is to serve as a trusted advisor to their members and improve their financial lives. Committed to delivering a high quality of life in the communities they serve, the credit union holds four core values: committed, charitable, credible, and united. In the belief that everyone deserves to achieve the life they desire, they have provided loans totaling $97.1 million for mortgages and home equity, $79.6 million for businesses, and $295.3 million for auto loans.


Official website here: www.communitychoicecu.com

Who is the CEO of Credit Union Chartered In The State Of Community Choice Credit Union?

Robert Bava is the Ceo of Credit Union Chartered In The State Of Community Choice Credit Union. The CEO's salary of Credit Union Chartered In The State Of Community Choice Credit Union is $881,109 and their total compensation is $948,167.


Official website here: www.communitychoicecu.com

What is the revenue of Credit Union Chartered In The State Of Community Choice Credit Union?

Credit Union Chartered In The State Of Community Choice Credit Union's revenue in 2022 was $84,137,393.


Official website here: www.communitychoicecu.com

Who are the executives of Credit Union Chartered In The State Of Community Choice Credit Union and what are their salaries?

The average compensation at Credit Union Chartered In The State Of Community Choice Credit Union during 2022 was $60,296. There are 469 employees and 9 volunteers at Credit Union Chartered In The State Of Community Choice Credit Union.

Here are 26 key members and their salaries (Credit Union Chartered In The State Of Community Choice Credit Union's CEO's salary is $881,109 and their total compensation is $948,167):

    Robert Bava (Ceo)
  • Compensation: $881,109
  • Related: $0
  • Other: $67,058

    • Daniel Munro (Coo/Evp)
  • Compensation: $468,809
  • Related: $0
  • Other: $58,116

    • Kelli Wisner-Frank (Cfo)
  • Compensation: $373,362
  • Related: $0
  • Other: $48,051

    • Teresa Mayer (Clo)
  • Compensation: $336,070
  • Related: $0
  • Other: $35,728

    • Donna Bashi (Vp Business Development)
  • Compensation: $340,672
  • Related: $0
  • Other: $20,871

    • Donna Siejutt (Chro)
  • Compensation: $293,491
  • Related: $0
  • Other: $45,345

    • Susan Setera (Avp Business Systems)
  • Compensation: $305,102
  • Related: $0
  • Other: $24,300

    • Elizabeth Anne Spadafore (Sr Business Relationship Mgr)
  • Compensation: $282,267
  • Related: $0
  • Other: $13,944

    • Brent Lowell (Business Relationship Manager)
  • Compensation: $249,989
  • Related: $0
  • Other: $33,930

    • Jennifer Lynn Hurren (Vp E-Commerce)
  • Compensation: $257,541
  • Related: $0
  • Other: $22,349

    • Carlington Bucknor (Vp Of Technology)
  • Compensation: $224,451
  • Related: $0
  • Other: $37,664

    • Jeffrey Dubey (Vp Risk Management)
  • Compensation: $234,296
  • Related: $0
  • Other: $24,327

    • Wendi Diacono (Wealth Advisor)
  • Compensation: $224,940
  • Related: $0
  • Other: $32,172

    • Brian Wilson (Vp Of Retail Delivery)
  • Compensation: $211,875
  • Related: $0
  • Other: $41,790

    • Jenny Ludwigsen (Vp Marketing)
  • Compensation: $224,174
  • Related: $0
  • Other: $22,113

    • Barbara Babington (Vp Of Lending)
  • Compensation: $191,892
  • Related: $0
  • Other: $32,987

    • Jeremy Maurer (Avp Project Management)
  • Compensation: $156,099
  • Related: $0
  • Other: $21,625

    • Brian Wilson (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Miko (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Cook (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathleen Bonutti (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Timothy Crosson (Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cheryl Marks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Victor Marshall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Oneata Bailey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Timothy Welcer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.communitychoicecu.com

    Where can I find the form 990 for Credit Union Chartered In The State Of Community Choice Credit Union?

    The Credit Union Chartered In The State Of Community Choice Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.communitychoicecu.com

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

    Mission Statement of Credit Union Chartered In The State Of Community Choice Credit Union

    Community Choice Credit Union, a member-owned and not-for-profit financial cooperative, is dedicated to serving as a trusted advisor to its members in Michigan. This credit union is deeply committed to improving the financial lives of its members and enhancing the quality of life within the communities it serves. The organization embodies four core values: commitment, charitability, credibility, and unity, which it strives to deliver with every interaction.

    Community Choice Credit Union believes in helping its neighbors achieve the life they desire. This mission is brought to life through various lending initiatives. The credit union has extended over $97.1 million in mortgages and home equity loans, enabling members to secure their dream homes. Small business members have also received support, with the credit union providing $79.6 million in business loans. Furthermore, the organization has offered financial assistance to members looking to purchase new vehicles, lending a total of $295.3 million in auto loans. These lending efforts reflect the credit union's dedication to empowering its members to achieve their financial goals.

    Impact

    This information is meant to be a general summary of Credit Union Chartered In The State Of Community Choice Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Community Choice Credit Union has a significant impact on the financial well-being of its members and the communities it serves in Michigan. By providing various lending services such as mortgages, home equity loans, business loans, and auto loans, the credit union has helped its members achieve their financial goals and improve their quality of life.

    Through its commitment to being a trusted advisor and upholding core values of being committed, charitable, credible, and united, Community Choice Credit Union continues to make a positive difference in the lives of individuals and the community at large. Its mission to help neighbors achieve the life they desire reflects its dedication to improving the financial health and overall well-being of its members.

    Overall, as a credit union chartered in the state of Michigan, Community Choice Credit Union's impact is felt through its support of members in achieving their financial aspirations and contributing to the economic growth and prosperity of the communities it serves.





    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: $4,664,965
  • Program Service Revenue: $76,733,478
  • Gross Receipts: $85,568,972

    • Assets and Liabilities:
  • Total Assets: $1,750,069,029
  • Total Liabilities: $1,612,556,801
  • Net Assets: $137,512,228
  • Programs

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

    MEMBER LOANS

    Revenue

    $51,819,587

    FEES, CHARGES, AND OTHER

    Revenue

    $24,913,891

    Organization Details

    Founding Year

    1935

    Principal Officer

    Robert Bava

    Main Address

    31155 NORTHWESTERN HIGHWAY, FARMINGTON HILLS, MI, 48334

    NTEE Category

    Code: W60 - Public benefit

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