Alliance Catholic Credit Union

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

EIN: 381628275 ✦ Farmington hills, MI ✦ Designated as a 501(c)(14)

Overview

What is Alliance Catholic Credit Union?

Alliance Catholic Credit Union is a nonprofit financial institution located at 28800 Orchard Lake Road in Farmington Hills, Michigan (48334). With a team of 162 employees, they cater to over 32,000 members in the community. Their mission is to offer a range of financial services, including regular shares, Christmas club, checking, money market, certificates of deposit, and IRA accounts, totaling 65,565. Their primary goal is to provide trusted financial services, inspired by Catholic values and traditions, to enhance the financial well-being of their Catholic members and the neighbors they serve.


Official website here: www.allianceccu.com

Is Alliance Catholic Credit Union legitimate?

Alliance Catholic Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Alliance Catholic 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: $1,598,545
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,964,339

For more financial information, click here


Official website here: www.allianceccu.com

What is the mission statement of Alliance Catholic Credit Union?

The Alliance Catholic Credit Union is dedicated to offering trusted financial services to its member-owners, who share a common bond. Inspired by Catholic values and traditions, the credit union aims to enhance the financial well-being of the Catholic community and those it serves. Through various account offerings such as regular shares, Christmas club, checking, money market, certificates of deposit, and IRA accounts, the credit union serves a membership of 32,497 individuals, collectively managing assets totaling 65,565.


Official website here: www.allianceccu.com

Who is the CEO of Alliance Catholic Credit Union?

Dan Davidson is the Chairperson of Alliance Catholic Credit Union. The CEO's salary of Alliance Catholic Credit Union is $471,920 and their total compensation is $517,753.


Official website here: www.allianceccu.com

What is the revenue of Alliance Catholic Credit Union?

Alliance Catholic Credit Union's revenue in 2022 was $23,179,127.


Official website here: www.allianceccu.com

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

The average compensation at Alliance Catholic Credit Union during 2022 was $52,857. There are 162 employees and 7 volunteers at Alliance Catholic Credit Union.

Here are 16 key members and their salaries (Alliance Catholic Credit Union's CEO's salary is $471,920 and their total compensation is $517,753):

    Robert Grech (Ceo)
  • Compensation: $471,920
  • Related: $0
  • Other: $45,833

    • Daniel Davidson (Evp/Coo)
  • Compensation: $275,693
  • Related: $0
  • Other: $43,138

    • Randall Richmond (Clo)
  • Compensation: $221,665
  • Related: $0
  • Other: $43,842

    • Cheryl Mallard (Cto)
  • Compensation: $199,406
  • Related: $0
  • Other: $52,728

    • Michael Bahorski (Cfo)
  • Compensation: $206,576
  • Related: $0
  • Other: $37,744

    • Keith Burke (Marketing And Community Re)
  • Compensation: $137,278
  • Related: $0
  • Other: $36,627

    • Cheryl Allmacher (Vp Treasury Management)
  • Compensation: $133,913
  • Related: $0
  • Other: $26,081

    • Adam Tonge (Vp Retail)
  • Compensation: $124,873
  • Related: $0
  • Other: $16,515

    • Sharon Burns (Vp Finance)
  • Compensation: $102,797
  • Related: $0
  • Other: $1,816

    • Joseph Valentic (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Phillip Morey (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Richard Fronczak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Valerius (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thane Namy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.allianceccu.com

    Where can I find the form 990 for Alliance Catholic Credit Union?

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


    Official website here: www.allianceccu.com

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

    Mission Statement of Alliance Catholic Credit Union

    Alliance Catholic Credit Union, a financial institution with a mission to serve, seeks to enhance the financial well-being of its Catholic community and the neighbors it serves. Inspired by Catholic values and traditions, this credit union goes beyond offering trusted financial services; it aspires to make a meaningful difference in the lives of its member-owners.

    Alliance Catholic Credit Union provides a range of financial services tailored to its members. With over 32,000 members, the credit union offers various account options, including regular shares, Christmas Club, checking, money market, certificates of deposit, and Individual Retirement Accounts (IRAs). These services, collectively totaling 65,565, aim to cater to the diverse financial needs of the community. Through its commitment to delivering reliable financial solutions, Alliance Catholic Credit Union fosters financial stability and growth among its members.

    Impact

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




    Thursday, August 15, 2024

    Alliance Catholic Credit Union's impact can be seen in the financial well-being of its 32,497 members who have access to a variety of financial services such as regular shares, Christmas club, checking, money market, certificates of deposit, and IRA accounts totaling 65,565. By providing these services rooted in Catholic values and traditions, Alliance Catholic Credit Union is enhancing the financial well-being of its Catholic community and neighbors in Farmington Hills, 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: $3,862,093
  • Program Service Revenue: $16,104,519
  • Gross Receipts: $29,033,874

    • Assets and Liabilities:
  • Total Assets: $638,619,506
  • Total Liabilities: $592,252,763
  • Net Assets: $46,366,743
  • Programs

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

    INTEREST INCOME FROM LOANS

    Revenue

    $11,152,888

    FEES/CHARGES

    Revenue

    $4,951,631

    Organization Details

    Founding Year

    1956

    Principal Officer

    Dan Davidson

    Main Address

    28800 ORCHARD LAKE ROAD, FARMINGTON HILLS, MI, 48334

    NTEE Category

    Code: W60 - Public benefit

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