Overview

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Est.

1955

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

BEST FINANCIAL CREDIT UNION is a nonprofit credit union dedicated to promoting thrift and savings by providing access to credit at fair and reasonable rates. With an operating budget of $7.4 million and total revenue of $9.5 million for the filing year 2024, the organization is supported by key funders, including the MICHIGAN CREDIT UNION FOUNDATION. The credit union's mission emphasizes the importance of savings and financial stability within the community it serves.

Mission Statement

THE PURPOSE OF THE CREDIT UNION IS TO ENCOURAGE THRIFT AND SAVINGS BY CREATING A SOURCE OF CREDIT AT FAIR AND REASONABLE RATES AND PROMOTE SAVINGS AT A REASONABLE RATE OF INTEREST.
Revenues
$9.5M
Expenses
$9.3M
Net Income:
+$170.5K
Assets
$138.7M
Liabilities
$116M
Net Assets:
+$22.7M
Operating Budget
$7.4M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$7K
Largest grant received
$7K
M
Morgan Rescorla
Board Member
M
Michael Verstraete
Board Member
P
Paul Hoppa
Board Member

Frequently Asked Questions

What is BEST FINANCIAL CREDIT UNION’s budget?
In 2024, BEST FINANCIAL CREDIT UNION reported an annual operating budget of around $7.4 million. More detailed financial information is available to registered users.
What causes does BEST FINANCIAL CREDIT UNION support?
BEST FINANCIAL CREDIT UNION supports work in Credit unions.
Where does BEST FINANCIAL CREDIT UNION operate?
BEST FINANCIAL CREDIT UNION is headquartered in Muskegon, MI.
Who funded BEST FINANCIAL CREDIT UNION recently?
In 2017, BEST FINANCIAL CREDIT UNION received grants from MICHIGAN CREDIT UNION FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant BEST FINANCIAL CREDIT UNION received in 2017?
The largest grant to BEST FINANCIAL CREDIT UNION in 2017 exceeds $7,000.