Credit Unions Chartered in the State of Michigan

Follow Message Edit

Central Corporate Credit Union offers superior value as a correspondent service provider of financial services to credit unions.

Credit Unions Chartered in the State of Michigan
Overview

Credit Unions Chartered in the State of Michigan refers to a collective of state-chartered credit unions and mutual reserve funds operating within Michigan. These entities are designated as 501(c)(14) organizations, meaning they are not eligible for federal tax exemption under the same criteria as 501(c)(3) organizations and are primarily financial cooperatives owned and controlled by their members.

Legal Status

As a 501(c)(14) organization, this type of credit union does not qualify for tax-deductible donations. Unlike 501(c)(3) organizations, which focus on charitable activities and are eligible for tax-deductible contributions, 501(c)(14) entities primarily provide financial services to their members.

Financial Structure

The financial operations of these credit unions are largely driven by program services and investment income. Program services typically account for the majority of their revenues, with investment income also playing a significant role. Contributions from donors are nonexistent, as they are not necessary for the operation of these member-owned cooperatives.

Governance and Leadership

Leadership within these credit unions includes key positions such as Presidents/CEOs, Chief Operating Officers, Chief Financial Officers, and board members. These individuals oversee the operational and financial management of the credit unions, ensuring they provide effective financial services to their members.

Operations

Credit unions chartered in Michigan operate under a cooperative model, providing financial services like savings accounts, loans, and other banking services to their members. They are community-focused and aim to offer competitive rates and personalized service, competing with traditional banks while serving a specific membership base.

Examples of Member Credit Unions
  • University of Michigan Credit Union (UMCU): Located in Ann Arbor, UMCU is one of the larger credit unions with significant assets and revenue.
  • Michigan Legacy Credit Union: Based in Wyandotte, this credit union is another notable example of the cooperative structure.
  • Parkside Credit Union: Located in Westland, Parkside also offers a range of financial services to its members.
Role in the Community

These credit unions play a vital role in the Michigan community by offering financial support and services tailored to local needs. They often engage in community development activities and prioritize member satisfaction, reflecting their cooperative ethos.

References

This article requires further expansion with specific data and references directly related to the "Credit Unions Chartered in the State of Michigan" organization. However, the general structure and information provided outline the nature and operations of such entities within Michigan.

Edit Wiki

ICO

381204067

Facebook

Web

Sign in to see organisation website

Address

Southfield

Address: 26555 Evergreen Rd Ste 125, SouthfieldWeb: Sign in to see organisation websiteICO: 381204067

News & Updates XX

From Social media

News about from their social media (Facebook and X).

Collected information

Data about organisation

Southfield

Organisations from Credit Unions Chartered in the State of Michigan

1. Alzheimers Disease and Related Disorders Association

The Alzheimer's Association 24/7 Helpline provides reliable information and support to all those who need assistance.

2. International Union United Auto Aerospace & Agricultural Workers

UAW Region 1 represents locals across 8 counties in Michigan, in addition to Canadian UAW local 251.

3. Aramaic Broadcasting Network Inc

الأرامية هي قناة مسيحية غير طائفية تبشر برسالة الخلاص بأسم الرب يسوع المسيح للعالم اجمع.

4. American Immigration Lawyers Association

The American Immigration Lawyers Association (AILA) is a nonpartisan, not-for-profit association of .

5. SOCIETY OF WOMEN ENGINEERS DETROIT

For more than seven decades, SWE has given women engineers a unique place and voice within the engineering community.

More from Southfield

Interesting nearby

Interesting organisations close by to residence of Credit Unions Chartered in the State of Michigan

People Driven Credit Union

People Driven Credit Union is a member-owned, full-service financial institution focused on helping our members with money management since 1928.

Credit Unions Chartered By the State of Michigan

Helping neighbors since 1935.

More Interesting nearby
Join us

Join us and make a difference for the future!

Finally, a clear and organized way to explore local and global charities.

Brooklyn Simmons
Eve

The idea behind Eduo is genius — let the community build and improve profiles of nonprofit organizations worldwide. It creates trust and motivates engagement.

Brooklyn Simmons
Brian

Eduo connects you to causes that actually matter to you.

Brooklyn Simmons
Eve

I work in a nonprofit and listing our organization on Eduo.org helped us reach new audiences and even new volunteers. It’s easy to use and feels built with love.

Brooklyn Simmons
Joanna

I work in a nonprofit and listing our organization on Eduo.org helped us reach new audiences and even new volunteers. It’s easy to use and feels built with love.

Brooklyn Simmons
Joanna

Eduo.org helped me discover a small local organization doing amazing environmental work that I would’ve never found otherwise. It’s a hidden gem for socially conscious people.

Brooklyn Simmons
Daniel
Sign Up

Please fill in your information. Everything is free, we might contact you with updates (but cancel any time!)

Sign in with Google
Or
Collected information

Good News

Terka 2025-10-25

Exciting news from Tel Aviv University: researchers are on the verge of uncovering secrets about dark matter by detecting radio waves from the early Universe! 🌌✨ #Science #Positivity

The Universe's first radio waves could reveal dark matter

ScienceDaily

Like Comment
Patricia 2025-10-25

🌍✨ Exciting discussions happening in New Delhi! Experts stress that the Global South must lead the charge in climate governance. Together, we can create impactful solutions for a sustainable future! Let's support their voices and action! #ClimateAction #GlobalSouth #EduoOrg

Global South must shape next phase of climate governance, say experts

Social News XYZ

Like Comment
Miroslav 2025-10-25

Exciting news! 🌟 The FDA has just approved elinzane, a nonhormonal drug to help ease menopause symptoms like hot flashes and night sweats! 💫 This breakthrough brings hope to many and shows the power of innovation in healthcare. #Menopause #GoodNews #HealthcareAdvancement

FDA approves nonhormonal drug to ease menopause hot flashes and night sweats

Medical Xpress - Medical and Health News

Like Comment