Consumers Credit Union

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

EIN: 381438667 ✦ Kalamazoo, MI ✦ Designated as a 501(c)(14)

Overview

What is Consumers Credit Union?

Consumers Credit Union, located in Kalamazoo, Michigan, is a reputable financial institution serving over 132,000 members. They offer various financial products and services, including loans and deposits, aimed at enhancing the economic and social well-being of their membership base. With a team of 483 dedicated employees, the credit union's mission is to deliver quality and innovative financial solutions to contribute positively to their members' lives.


Official website here: www.consumerscu.org

Is Consumers Credit Union legitimate?

Consumers Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Consumers 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: $5,363,407
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,899,828

For more financial information, click here


Official website here: www.consumerscu.org

What is the mission statement of Consumers Credit Union?

Consumers Credit Union is dedicated to delivering quality and innovative financial products and services that enhance the economic and social well-being of its membership. This mission statement reflects their commitment to contributing positively to the lives of their members. With over 132,000 members, the credit union offers an array of financial solutions, including loans and deposits, to cater to their diverse needs. The organization's primary goal is to empower its members by providing them with the financial tools they need to thrive. Additionally, Consumers Credit Union offers various financial products, ensuring its members have access to a wide range of options to meet their financial goals. By focusing on delivering high-quality services, the credit union sets itself apart and strengthens its bond with its membership.


Official website here: www.consumerscu.org

Who is the CEO of Consumers Credit Union?

Scott Sylvester is the Coo of Consumers Credit Union. The CEO's salary of Consumers Credit Union is $1,584,974 and their total compensation is $1,619,078.


Official website here: www.consumerscu.org

What is the revenue of Consumers Credit Union?

Consumers Credit Union's revenue in 2022 was $106,396,713.


Official website here: www.consumerscu.org

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

The average compensation at Consumers Credit Union during 2022 was $62,657. There are 483 employees and 7 volunteers at Consumers Credit Union.

Here are 24 key members and their salaries (Consumers Credit Union's CEO's salary is $1,584,974 and their total compensation is $1,619,078):

    Kit Snyder (Ceo)
  • Compensation: $1,584,974
  • Related: $0
  • Other: $34,104

    • Steve Howard (Cfo)
  • Compensation: $419,985
  • Related: $0
  • Other: $220,203

    • Scott Sylvester (Coo)
  • Compensation: $578,021
  • Related: $0
  • Other: $40,422

    • Gregg Teegardin (Mortgage Loan Officer)
  • Compensation: $487,927
  • Related: $0
  • Other: $25,964

    • David Pendley (Vp Of Mortgage)
  • Compensation: $390,472
  • Related: $0
  • Other: $42,735

    • Heidi Bish (Mortgage Loan Officer)
  • Compensation: $394,330
  • Related: $0
  • Other: $23,575

    • Steve Owens (Clo)
  • Compensation: $341,669
  • Related: $0
  • Other: $49,307

    • Shawn Premer (Chro)
  • Compensation: $279,961
  • Related: $0
  • Other: $52,953

    • Joshua Summerfield (Mortgage Sales Mgr)
  • Compensation: $241,639
  • Related: $0
  • Other: $36,135

    • James Stephens (Mortgage Loan Officer)
  • Compensation: $240,009
  • Related: $0
  • Other: $37,251

    • Renee Ziska (Mortgage Loan Officer)
  • Compensation: $247,262
  • Related: $0
  • Other: $23,733

    • Jeffrey Visser (Cso)
  • Compensation: $233,573
  • Related: $0
  • Other: $31,048

    • Lynn Jarman-Johnson (Cmo)
  • Compensation: $228,538
  • Related: $0
  • Other: $29,297

    • Gary Ferguson (Vp Of Business Services)
  • Compensation: $174,172
  • Related: $0
  • Other: $30,628

    • Robert Dunning (Vp Of Technology)
  • Compensation: $175,683
  • Related: $0
  • Other: $29,065

    • Lindsay Land (Vp Of Operations)
  • Compensation: $182,507
  • Related: $0
  • Other: $21,282

    • Scott Adams (Vp Of Risk Management)
  • Compensation: $172,573
  • Related: $0
  • Other: $20,233

    • Brent Bassett (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Shook (Vice-Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patrick O'Connor (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nick Zafer (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Gustafson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jay Prince (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Weishaar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.consumerscu.org

    Where can I find the form 990 for Consumers Credit Union?

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


    Official website here: www.consumerscu.org

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

    Mission Statement of Consumers Credit Union

    Consumers Credit Union, a leading financial institution, is dedicated to delivering top-tier and innovative financial products and services that significantly contribute to the economic and social welfare of its membership base. The organization's primary objective is to enrich the lives of its members by providing them with access to quality financial solutions.

    Serving over 132,000 members, Consumers Credit Union offers a diverse range of financial offerings, including loans and deposits. Its commitment to quality is evident in its continuous pursuit of innovative financial solutions that cater to the evolving needs of its membership. This approach has positioned the credit union as a trusted financial partner, contributing to the economic stability and prosperity of its members.

    In essence, Consumers Credit Union is more than just a financial institution; it is a community of individuals united by a shared goal of enhancing their economic well-being and securing a brighter financial future. By offering a comprehensive suite of financial products and services, the credit union fosters an environment of financial empowerment, enabling its members to make informed decisions and achieve their financial goals.

    Impact

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




    Thursday, August 15, 2024

    Consumers Credit Union has positively impacted its 132,391 members by offering a wide range of financial products and services that contribute to their economic and social well-being. By providing loans, deposits, and various other financial products, Consumers Credit Union plays a key role in empowering its members to achieve their financial goals and improve their overall financial health. Through its commitment to quality and innovation, Consumers Credit Union strengthens its members' financial stability and enhances the economic vitality of the community it serves in Kalamazoo, MI.





    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: $708,436
  • Program Service Revenue: $105,688,277
  • Gross Receipts: $106,671,396

    • Assets and Liabilities:
  • Total Assets: $2,031,988,351
  • Total Liabilities: $1,843,965,051
  • Net Assets: $188,023,300
  • Programs

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

    LOAN INTEREST INCOME

    Revenue

    $68,217,208

    FEES AND OTHER INCOME

    Revenue

    $33,052,360

    GAINS ON SALES OF LOANS

    Revenue

    $4,407,896

    INSURANCE COMMISSIONS

    Revenue

    $10,813

    Organization Details

    Founding Year

    1951

    Principal Officer

    Scott Sylvester

    Main Address

    7200 ELM VALLEY DRIVE, KALAMAZOO, MI, 49009

    NTEE Category

    Code: W60 - Public benefit

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