Kalsee Credit Union

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

EIN: 381543701 ✦ Kalamazoo, MI ✦ Designated as a 501(c)(14)

Overview

What is Kalsee Credit Union?

Kalsee Credit Union is a financial institution based in Kalamazoo, Michigan, serving a membership of approximately 23,000 individuals. The credit union offers various financial products and services, including savings, checking, clubs, money market, health savings, IRA, and certificate of deposit accounts. Additionally, they provide a broad array of loans to support their members' financial wellbeing. The mission of Kalsee Credit Union is to build relationships and cultivate financial wellness, allowing members to focus on what truly matters in their lives. The organization employs a team of 109 dedicated professionals to ensure the success of its operations.


Official website here: www.kalsee.com

Is Kalsee Credit Union legitimate?

Kalsee Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Kalsee 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: $434,878
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,663,698

For more financial information, click here


Official website here: www.kalsee.com

What is the mission statement of Kalsee Credit Union?

Kalsee Credit Union is dedicated to fostering strong relationships and promoting financial wellness among its members. Through a comprehensive range of financial services, including savings, checking, clubs, money market, Health Savings, IRA, and Certificates of Deposit accounts, the credit union empowers individuals to focus on what truly matters in their lives. The mission of Kalsee Credit Union is to build connections and help its 23,000 members achieve financial stability and prosperity.


Official website here: www.kalsee.com

Who is the CEO of Kalsee Credit Union?

Matt Lahman is the Principal Officer of Kalsee Credit Union. The CEO's salary of Kalsee Credit Union is $235,231 and their total compensation is $269,982.


Official website here: www.kalsee.com

What is the revenue of Kalsee Credit Union?

Kalsee Credit Union's revenue in 2022 was $14,420,939.


Official website here: www.kalsee.com

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

The average compensation at Kalsee Credit Union during 2022 was $37,602. There are 109 employees and 9 volunteers at Kalsee Credit Union.

Here are 14 key members and their salaries (Kalsee Credit Union's CEO's salary is $235,231 and their total compensation is $269,982):

    Matthew Lahman (Ceo)
  • Compensation: $235,231
  • Related: $0
  • Other: $34,751

    • Sheldon Faworski (Coo)
  • Compensation: $139,123
  • Related: $0
  • Other: $28,931

    • Amber Stevens (Cfo)
  • Compensation: $139,646
  • Related: $0
  • Other: $25,250

    • Richard Baker (Vp Of Lending)
  • Compensation: $127,282
  • Related: $0
  • Other: $11,596

    • Carrie Boisonault (Vp Marketing & Business Development)
  • Compensation: $105,135
  • Related: $0
  • Other: $11,853

    • David Stuut (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Martin (Board Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jodi K Milks (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Sackett (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ben Danielson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rudy Callen (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle Shinevare (Board Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Erik Nord (Associate Board Member No) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rod Mason (Associate Board Member No) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.kalsee.com

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

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


    Official website here: www.kalsee.com

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

    Mission Statement of Kalsee Credit Union

    Kalsee Credit Union, a financial institution dedicated to building relationships and cultivating financial wellness, empowers its members to focus on what truly matters in life. With a mission to provide an extensive range of savings, checking, club, money market, health savings, IRA, and certificate of deposit accounts, Kalsee Credit Union caters to the financial needs of over 23,000 members.

    By offering these diverse financial services, Kalsee Credit Union enables its members to save for the future, manage their daily expenses, and plan for their long-term financial goals. The credit union's commitment to empowering people extends beyond traditional banking services, as it focuses on fostering strong connections and aiding its members in their financial journeys.

    Through their offerings, Kalsee Credit Union aims to create a sense of trust and security, allowing its members to have peace of mind knowing they have the necessary financial tools and resources at their disposal. The institution's member-centric approach ensures that each individual can tailor their financial experience to suit their unique needs and aspirations.

    Impact

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




    Thursday, August 15, 2024

    Kalsee Credit Union impacts its community by providing financial services to its 23,000 members in Kalamazoo, MI. By offering various accounts like savings, checking, money market, and loans, Kalsee Credit Union helps empower individuals to focus on their financial wellness. Through its mission to build relationships and cultivate financial wellness, Kalsee Credit Union plays a significant role in supporting the local community and its members' financial stability.





    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: $870,047
  • Program Service Revenue: $13,303,845
  • Gross Receipts: $16,712,154

    • Assets and Liabilities:
  • Total Assets: $264,926,490
  • Total Liabilities: $245,475,651
  • Net Assets: $19,450,839
  • Programs

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

    LOAN INTEREST

    Revenue

    $8,262,476

    FEES/CHARGES

    Revenue

    $5,041,369

    Organization Details

    Founding Year

    1954

    Principal Officer

    Matt Lahman

    Main Address

    2501 MILLCORK, KALAMAZOO, MI, 49001

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Kalsee 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.