Security Credit Union

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

EIN: 381514946 ✦ Holly, MI ✦ Designated as a 501(c)(14)

Overview

What is Security Credit Union?

Security Credit Union is a trusted financial cooperative headquartered at 5255 Security Park Blvd, Holly, MI, 48442. With a team of 177 employees, they dedicate themselves to serving approximately 53,524 members by offering regular shares, share drafts, money market, and certificate accounts, totaling 86,718. Their mission is to deliver exceptional value, personalized service, and convenience to their members.


Official website here: www.securitycu.org

Is Security Credit Union legitimate?

Security Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Security 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: $1,875,080
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,903,928

For more financial information, click here


Official website here: www.securitycu.org

What is the mission statement of Security Credit Union?

Security Credit Union serves as a trusted and secure financial cooperative for its members, offering exceptional value, personalized service, and convenience. Dedicated to providing for the financial needs of its 53,524 members, the credit union manages various account types, including regular shares, share drafts, money market, and certificate accounts, totaling 86,718. The primary focus of Security Credit Union is to put its members first, ensuring their financial well-being and satisfaction.


Official website here: www.securitycu.org

Who is the CEO of Security Credit Union?

Christopher Estes is the President And Ceo of Security Credit Union. The CEO's salary of Security Credit Union is $837,825 and their total compensation is $1,054,006.


Official website here: www.securitycu.org

What is the revenue of Security Credit Union?

Security Credit Union's revenue in 2022 was $29,269,007.


Official website here: www.securitycu.org

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

The average compensation at Security Credit Union during 2022 was $43,949. There are 177 employees and 7 volunteers at Security Credit Union.

Here are 15 key members and their salaries (Security Credit Union's CEO's salary is $837,825 and their total compensation is $1,054,006):

    Christopher Estes (President And Ceo)
  • Compensation: $837,825
  • Related: $0
  • Other: $216,181

    • Jay Yax (Svp Operations And Coo)
  • Compensation: $183,785
  • Related: $0
  • Other: $79,987

    • Heidi Schwarz (Vp Of Accounting)
  • Compensation: $155,371
  • Related: $0
  • Other: $51,593

    • Scott Knopf (Vp Of Lending/Loss Prevent)
  • Compensation: $140,133
  • Related: $0
  • Other: $36,185

    • Joseph Regan (Vp Of It)
  • Compensation: $134,823
  • Related: $0
  • Other: $39,196

    • Amanda Sherwood (Vp Hr)
  • Compensation: $121,326
  • Related: $0
  • Other: $39,665

    • William Herron (Employee)
  • Compensation: $111,261
  • Related: $0
  • Other: $32,792

    • Katie Krane (Vp Sales & Service)
  • Compensation: $104,954
  • Related: $0
  • Other: $28,983

    • John Truchan (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Niedzwiecki (1St Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donald Henry (2Nd Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phil Thick (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Hazel (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jessie Collins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Don Sorensen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.securitycu.org

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

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


    Official website here: www.securitycu.org

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

    Mission Statement of Security Credit Union

    Security Credit Union, a trusted and secured financial cooperative, is dedicated to delivering exceptional value, personalized service, and convenience to its members. This member-focused organization prides itself on providing a range of financial services to cater to the diverse needs of over 53,000 individuals. The offerings include regular shares, share drafts, money market, and certificate accounts, totaling 86,718. By putting its members first, Security Credit Union has built a reputation as a reliable and trusted financial partner.

    Impact

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




    Thursday, August 15, 2024

    Security Credit Union's impact is significant in providing trusted, secured financial services to its 53,524 members in Holly, MI. By offering regular shares, share drafts, money market, and certificate accounts totaling $86,718, Security Credit Union plays a vital role in supporting the financial well-being of its community members. Through its mission of providing exceptional value, personalized service, and convenience, Security Credit Union contributes to the financial stability and growth of individuals and families.





    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: $1,903,953
  • Program Service Revenue: $27,365,054
  • Gross Receipts: $31,630,649

    • Assets and Liabilities:
  • Total Assets: $624,480,675
  • Total Liabilities: $583,476,701
  • Net Assets: $41,003,974
  • Programs

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

    LOAN INTEREST INCOME

    Revenue

    $19,896,190

    FEE AND OTHER INCOME

    Revenue

    $7,255,090

    NON-MEMBER INSURANCE INCOME

    Revenue

    $131,530

    NON-MEMBER ATM INCOME

    Revenue

    $82,244

    Organization Details

    Founding Year

    1955

    Principal Officer

    Christopher Estes

    Main Address

    5255 SECURITY PARK BLVD, HOLLY, MI, 48442

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Security 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.