Omni Community Credit Union

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

EIN: 381401260 ✦ Battle creek, MI ✦ Designated as a 501(c)(14)

Overview

What is Omni Community Credit Union?

Omni Community Credit Union is a nonprofit financial institution located at 3141 Capital Ave SW, Battle Creek, MI, 49015. It serves approximately 45,000 members, offering a range of financial products and services including loans and deposits. The credit union's mission is to encourage savings among its members, provide democratic financial opportunities, and improve their economic and social conditions. With a team of 193 employees, Omni Community Credit Union strives to deliver the best possible financial services at competitive rates while maintaining long-term financial stability.


Official website here: www.omnicommunitycu.org

Is Omni Community Credit Union legitimate?

Omni Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Omni Community 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: $966,190
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,144,685

For more financial information, click here


Official website here: www.omnicommunitycu.org

What is the mission statement of Omni Community Credit Union?

Omni Community Credit Union is dedicated to encouraging thrift among its members and offering them a range of financial services. The primary goal is to empower members to have control over their money in a democratic setting, aiming to enhance their economic and social condition. The credit union strives to provide the best financial services to its members at competitive rates, ensuring long-term financial stability. With approximately 45,000 members, it serves them by offering loans, deposits, and various other financial products.


Official website here: www.omnicommunitycu.org

Who is the CEO of Omni Community Credit Union?

Theodore Parsons is the Principal Officer of Omni Community Credit Union. The CEO's salary of Omni Community Credit Union is $455,567 and their total compensation is $678,336.


Official website here: www.omnicommunitycu.org

What is the revenue of Omni Community Credit Union?

Omni Community Credit Union's revenue in 2022 was $31,956,998.


Official website here: www.omnicommunitycu.org

Who are the executives of Omni Community Credit Union and what are their salaries?

The average compensation at Omni Community Credit Union during 2022 was $42,025. There are 193 employees and 7 volunteers at Omni Community Credit Union.

Here are 14 key members and their salaries (Omni Community Credit Union's CEO's salary is $455,567 and their total compensation is $678,336):

    Theodore K Parsons (Ceo)
  • Compensation: $455,567
  • Related: $0
  • Other: $222,769

    • Mark Cramer (Cfo)
  • Compensation: $244,682
  • Related: $0
  • Other: $43,172

    • Jason Cain (Cdo)
  • Compensation: $180,072
  • Related: $0
  • Other: $34,968

    • Debi Southworth (Coo)
  • Compensation: $178,015
  • Related: $0
  • Other: $27,511

    • Chris Overbeek (Cmo)
  • Compensation: $160,806
  • Related: $0
  • Other: $32,496

    • Dominic Tocci (Software Engineer)
  • Compensation: $160,564
  • Related: $0
  • Other: $1,462

    • Joel Pyrad (Cio)
  • Compensation: $149,901
  • Related: $0
  • Other: $9,163

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

    • Robert Lambert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Tobias (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robin Whitlock (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Wood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Woodward (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anna France (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.omnicommunitycu.org

    Where can I find the form 990 for Omni Community Credit Union?

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


    Official website here: www.omnicommunitycu.org

    Learn more at the official website: www.omnicommunitycu.org

    Mission Statement of Omni Community Credit Union

    Omni Community Credit Union, a thriving financial institution, is dedicated to encouraging savings among its members and providing them with a diverse range of financial services. The credit union's ultimate goal is to offer its members the opportunity to effectively manage their own funds and enhance their economic and social well-being.

    The mission of Omni Community Credit Union is twofold. First, it strives to provide top-notch financial services to its approximately 45,000 members at competitive rates. This includes various financial products such as loans and deposits. Second, the credit union aims to maintain its long-term financial stability, ensuring it can continue to serve its members effectively.

    By offering competitive rates and a variety of financial products, Omni Community Credit Union empowers its members to take control of their financial futures. From securing loans for important purchases to saving for the future, members benefit from the credit union's commitment to their financial well-being. In doing so, the credit union contributes to its members' overall economic and social improvement.

    Impact

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




    Thursday, August 15, 2024

    Omni Community Credit Union, based in Battle Creek, MI, has a significant impact by encouraging thrift among its members and providing a variety of financial services. Serving approximately 45,000 members, Omni Community Credit Union offers loans, deposits, and various other financial products to improve the economic and social conditions of its members. By allowing members to use and control their own money on a democratic basis, the credit union empowers individuals to achieve their financial goals. Omni Community Credit Union's mission is to provide the best possible financial services to its members at competitive rates while maintaining the credit union's long-term financial stability. Their commitment to public benefit ensures that their impact is felt positively within the community they serve.





    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: $4,316,747
  • Program Service Revenue: $27,317,644
  • Gross Receipts: $32,059,359

    • Assets and Liabilities:
  • Total Assets: $598,685,081
  • Total Liabilities: $534,889,022
  • Net Assets: $63,796,059
  • Programs

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

    LOAN INTEREST

    Revenue

    $16,001,581

    FEES & CHARGES

    Revenue

    $11,316,063

    Organization Details

    Founding Year

    1966

    Principal Officer

    Theodore Parsons

    Main Address

    3141 CAPITAL AVE SW, BATTLE CREEK, MI, 490154107

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Omni Community Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.