Blueox Credit Union

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

EIN: 381480245 ✦ Battle creek, MI ✦ Designated as a 501(c)(14)

Overview

What is Blueox Credit Union?

Blueox Credit Union is a Michigan-based nonprofit financial institution with a mission to enhance the lives of its members by providing top-notch financial services. Founded on the principles of cooperation and mutual self-help, the credit union functions through the income from its membership and the investment of their funds. With a workforce of 126 employees, Blueox Credit Union aims to improve and make a difference in its members' lives, delivering quality financial services based on equality, equity, and mutual self-help.


Official website here: www.blueoxcu.org

Is Blueox Credit Union legitimate?

Blueox Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Blueox 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: $380,917
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,786,322

For more financial information, click here


Official website here: www.blueoxcu.org

What is the mission statement of Blueox Credit Union?

Blue ox Credit Union's mission is centered around providing top-notch financial services that positively impact the lives of its members. The organization's foundation is built on the seven cooperative principles, which emphasize cooperation, equality, and mutual self-help. Blue ox Credit Union's mission statement underscores the notion of unity among people, as they work together to enhance their own lives and that of their community. The credit union's income stemming from its membership and the investment of their funds serves as the base for its operations, allowing it to offer services to its exclusive membership.


Official website here: www.blueoxcu.org

Who is the CEO of Blueox Credit Union?

Steven J Cobb is the Director/Chairperson of Blueox Credit Union. The CEO's salary of Blueox Credit Union is $207,197 and their total compensation is $244,576.


Official website here: www.blueoxcu.org

What is the revenue of Blueox Credit Union?

Blueox Credit Union's revenue in 2022 was $13,169,848.


Official website here: www.blueoxcu.org

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

The average compensation at Blueox Credit Union during 2022 was $33,073. There are 126 employees and 10 volunteers at Blueox Credit Union.

Here are 14 key members and their salaries (Blueox Credit Union's CEO's salary is $207,197 and their total compensation is $244,576):

    S Cobb (Ceo)
  • Compensation: $207,197
  • Related: $0
  • Other: $37,379

    • J Rood (Svp Accounting/Finance)
  • Compensation: $108,545
  • Related: $0
  • Other: $27,796

    • W Heppe (Vp Hr)
  • Compensation: $104,367
  • Related: $0
  • Other: $31,845

    • D Slavens (Vp It)
  • Compensation: $117,986
  • Related: $0
  • Other: $9,439

    • A Mumford (Director/Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • D Voshell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • D Hicks (Director/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • M Wallace (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • M Dutcher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • F Hetherwick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • J Kirkpatrick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • J Maes (Director/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • J Ratti (Director/Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • T Johnson (Associate Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.blueoxcu.org

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

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


    Official website here: www.blueoxcu.org

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

    Mission Statement of Blueox Credit Union

    Blueox Credit Union, a mission-driven financial institution, is dedicated to enhancing the lives of its members by delivering top-notch financial services. Based on the cooperative principles, this organization values equality, equity, and mutual self-help, forming a brotherhood among its members. Blueox Credit Union's mission is deeply rooted in this philosophy, aiming to make a difference in the lives of its members and the community at large.

    With a solid foundation derived from the membership fees and the investment of its members' funds, Blueox Credit Union serves its restricted membership base. This financial organization goes beyond the conventional role of a credit union, striving to create a better life for its members, embodying the spirit of collective efforts and collaboration. The seven cooperative principles on which Blueox Credit Union is based foster a sense of unity and shared goals among its members, creating a strong bond that extends beyond financial transactions.

    Impact

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




    Thursday, August 15, 2024

    Blueox Credit Union's impact stems from its mission to provide quality financial services that improve and make a difference in the lives of its members. By adhering to the seven cooperative principles and emphasizing cooperation, equality, equity, and mutual self-help, Blueox Credit Union embodies the spirit of community and empowerment.

    Through its activities, Blueox Credit Union not only offers financial services but also fosters a sense of solidarity and collaboration among its members. The income generated from membership and investments forms the backbone of the organization, enabling it to function effectively and serve its restricted membership.

    In essence, Blueox Credit Union's impact lies in promoting financial inclusion, empowerment, and community development through its cooperative values and dedication to enhancing the well-being of its members and their community in Battle Creek, 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: $434,139
  • Program Service Revenue: $12,722,875
  • Gross Receipts: $13,439,150

    • Assets and Liabilities:
  • Total Assets: $222,746,006
  • Total Liabilities: $204,744,291
  • Net Assets: $18,001,715
  • Programs

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

    INCOME ON LOANS

    Revenue

    $8,255,809

    FEES/CHARGES/OTHER INCOME

    Revenue

    $4,413,288

    FINANCE & INSURANCE

    Revenue

    $53,778

    Organization Details

    Founding Year

    1936

    Principal Officer

    Steven J Cobb

    Main Address

    115 RIVERSIDE DR, BATTLE CREEK, MI, 49015

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Blueox 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.