Wanigas Credit Union

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

EIN: 381515480 ✦ Saginaw, MI ✦ Designated as a 501(c)(14)

Overview

What is Wanigas Credit Union?

Wanigas Credit Union is a member-owned financial cooperative based in Saginaw, Michigan, with an address at 1837 Bagley St. The organization serves approximately 24,260 members and offers a selection of financial services, including regular share accounts, vacation and Christmas clubs, cash management, business accounts, IRAs, and certificate of deposits, totaling 50,777. Their mission is to provide their membership with a comprehensive range of quality financial products and services, tailored to their evolving needs. Wanigas Credit Union employs a team of 134 individuals dedicated to serving their members effectively.


Official website here: www.wanigas.com

Is Wanigas Credit Union legitimate?

Wanigas Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Wanigas 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: $569,006
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,755,169

For more financial information, click here


Official website here: www.wanigas.com

What is the mission statement of Wanigas Credit Union?

Wanigas Credit Union is a member-owned financial cooperative committed to offering a comprehensive selection of high-quality financial products and services tailored to the evolving needs of its membership. With a membership base of approximately 24,260 individuals, the credit union provides accounts such as regular share, vacation, Christmas club, cash management, business, IRA, and certificate of deposit accounts, collectively totaling 50,777. Its mission extends beyond just financial services, aiming to maintain a robust and dynamic offering that keeps pace with the diverse requirements of its members.


Official website here: www.wanigas.com

Who is the CEO of Wanigas Credit Union?

Bernard D Williams is the Director of Wanigas Credit Union. The CEO's salary of Wanigas Credit Union is $393,637 and their total compensation is $434,466.


Official website here: www.wanigas.com

What is the revenue of Wanigas Credit Union?

Wanigas Credit Union's revenue in 2021 was $18,275,533.


Official website here: www.wanigas.com

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

The average compensation at Wanigas Credit Union during 2021 was $39,733. There are 134 employees and 11 volunteers at Wanigas Credit Union.

Here are 13 key members and their salaries (Wanigas Credit Union's CEO's salary is $393,637 and their total compensation is $434,466):

    Bernard D Williams (Ceo)
  • Compensation: $393,637
  • Related: $0
  • Other: $40,829

    • Tammy A O'Leary (Director Of Lending)
  • Compensation: $305,866
  • Related: $0
  • Other: $17,434

    • Lisa Shoemaker (Mortgage Operations Manage)
  • Compensation: $163,750
  • Related: $0
  • Other: $28,761

    • Jeanine Milne (Director Of It)
  • Compensation: $140,705
  • Related: $0
  • Other: $23,628

    • Jay Julius Peitsch Sr (Cfo)
  • Compensation: $66,435
  • Related: $0
  • Other: $7,938

    • Sharon Burns (Cfo)
  • Compensation: $57,701
  • Related: $0
  • Other: $2,466

    • Gerald Little (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Balls (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia Mcculley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gus Alexander (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sheldon Matthews (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jalynn Hopkins (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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


  • Official website here: www.wanigas.com

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

    The Wanigas Credit Union’s most recent form 990 was submitted in 2021 and can be accessed here


    Official website here: www.wanigas.com

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

    Mission Statement of Wanigas Credit Union

    Wanigas Credit Union, a member-owned financial cooperative, is committed to providing a comprehensive range of quality financial products and services that cater to the evolving needs of its 24,260 members. This nonprofit organization is dedicated to delivering more than just financial services; it aims to build long-lasting relationships with its members based on trust and mutual cooperation.

    At the heart of Wanigas Credit Union's mission lies its commitment to its members. The credit union offers a diverse suite of financial offerings, including regular share accounts, vacation and Christmas clubs, cash management services, business accounts, IRAs, and certificate of deposit accounts, collectively accumulating to 50,777. This extensive range of services ensures that Wanigas Credit Union is equipped to cater to the varying financial requirements of its diverse membership base.

    The Wanigas Credit Union's team of dedicated professionals is passionate about creating customized financial solutions that help members achieve their financial goals. By providing accessible, affordable, and efficient financial services, the credit union empowers its members to make informed decisions, manage their money effectively, and build a secure financial future. In doing so, Wanigas Credit Union not only meets the current needs of its members but also anticipates and prepares them for future financial challenges.

    Impact

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




    Thursday, August 15, 2024

    Wanigas Credit Union's impact lies in providing essential financial services to its 24,260 member owners in Saginaw, MI. Through offerings such as regular share accounts, vacation savings, Christmas club accounts, cash management services, business accounts, IRAs, and certificates of deposit, Wanigas Credit Union has empowered its members with financial stability and growth opportunities. By acting as a member-owned financial cooperative, Wanigas Credit Union fulfills its mission of delivering a full range of quality financial products and services to meet the evolving needs of its membership. This commitment to serving the community underscores the public benefit provided by Wanigas Credit Union.





    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 2021.

  • Investment Income: $1,592,548
  • Program Service Revenue: $16,450,171
  • Gross Receipts: $18,275,533

    • Assets and Liabilities:
  • Total Assets: $415,190,693
  • Total Liabilities: $360,269,950
  • Net Assets: $54,920,743
  • Programs

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

    LOAN INTEREST INCOME

    Revenue

    $11,096,545

    FEE AND OTHER INCOME

    Revenue

    $5,291,767

    NON-MEMBER ATM FEE INCOME

    Revenue

    $61,859

    Organization Details

    Founding Year

    1952

    Principal Officer

    Bernard D Williams

    Main Address

    1837 BAGLEY ST, SAGINAW, MI, 48601

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Wanigas 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.