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Nonprofiteer
← ADVIA CREDIT UNION

Form 990 for tax year 2024

Filed by ADVIA CREDIT UNION.

Totals

Total revenue
$216,111,117
Total expenses
$194,591,712
Contributions and grants received
$0
Grants paid
$771,845
Program service revenue
$176,921,058
Investment income
$39,149,608
Other revenue
$40,451
Total assets, end of year
$3,443,898,869
Total liabilities, end of year
$3,146,646,222
Net assets or fund balances, end of year
$297,252,647
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: INCOME FROM LOANS

    total $136,340,594 · related or exempt $136,340,594

  • 2b · Program service revenue: OTHER INCOME

    total $25,937,113 · related or exempt $25,937,113

  • 2c · Program service revenue: FEES AND CHARGES

    total $14,171,404 · related or exempt $14,171,404

  • 2d · Program service revenue: FINANCE AND INSURANCE

    total $471,947 · unrelated business $471,947

  • 3 · Investment income

    total $38,924,416 · excluded $38,924,416

  • 6a · Gross rents

    real property $86,318

  • 6b · Less rental expenses

    real property $45,867

  • 6c · Rental income or loss

    real property $40,451

  • 6d · Net rental income or loss

    total $40,451 · related or exempt $40,451

  • 7a · Gross sales of assets other than inventory

    other assets $571,535

  • 7b · Less cost or other basis and sales expenses

    other assets $346,343

  • 7c · Gain or loss

    other assets $225,192

  • 7d · Net gain or loss

    total $225,192 · related or exempt $225,192

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $730,845

  • 2 · Grants to domestic individuals

    total $41,000

  • 5 · Compensation of officers, directors and key employees

    total $3,505,945

  • 7 · Other salaries and wages

    total $33,435,415

  • 8 · Pension plan contributions

    total $2,015,050

  • 9 · Other employee benefits

    total $4,680,615

  • 10 · Payroll taxes

    total $2,607,899

  • 11a · Fees: management

    total $609,268

  • 11b · Fees: legal

    total $37,415

  • 11c · Fees: accounting

    total $245,938

  • 11f · Fees: investment management

    total $97,291

  • 11g · Fees: other

    total $995,046

  • 12 · Advertising and promotion

    total $2,569,434

  • 13 · Office expenses

    total $6,769,751

  • 14 · Information technology

    total $9,270,484

  • 16 · Occupancy

    total $4,355,483

  • 17 · Travel

    total $483,896

  • 20 · Interest

    total $88,953,977

  • 21 · Payments to affiliates

    total $119,790

  • 22 · Depreciation, depletion and amortization

    total $5,478,685

  • 23 · Insurance

    total $383,849

  • 24a · Other expenses: UBIT EXPENSE

    total $58,341

  • 24b · Other expenses: PROVISION FOR LOAN LOSS

    total $10,343,006

  • 24c · Other expenses: DEBIT/CREDIT CARD EXPEN

    total $6,060,855

  • 24d · Other expenses: ATM EXPENSES

    total $4,340,824

  • 24e · All other expenses

    total $6,401,610

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $56,205,297 · end of year $82,274,058

  • 2 · Savings and temporary cash investments

    beginning of year $123,226,228 · end of year $97,396,655

  • 4 · Accounts receivable

    beginning of year $3,809,255 · end of year $2,537,819

  • 5 · Loans and receivables from officers and key people

    beginning of year $14,454,135 · end of year $14,900,573

  • 7 · Other notes and loans receivable

    beginning of year $2,294,992,913 · end of year $2,684,979,526

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,327,435 · end of year $3,881,889

  • 10a · Land, buildings and equipment: cost or other basis

    $113,494,651

  • 10b · Land, buildings and equipment: accumulated depreciation

    $41,279,479

  • 10c · Land, buildings and equipment, net

    beginning of year $69,671,063 · end of year $72,215,172

  • 11 · Investments: publicly traded securities

    beginning of year $286,541,531 · end of year $305,503,506

  • 12 · Investments: other securities

    beginning of year $59,564,009 · end of year $63,539,718

  • 14 · Intangible assets

    beginning of year $29,671,602 · end of year $49,100,507

  • 15 · Other assets

    beginning of year $44,590,477 · end of year $67,569,446

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,498,346 · end of year $37,002,001

  • 23 · Secured mortgages and notes payable

    beginning of year $155,000,000 · end of year $275,000,000

  • 25 · Other liabilities

    beginning of year $2,524,460,187 · end of year $2,834,644,221

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $273,095,412 · end of year $297,252,647

Mission and programs · 2024

Mission

PROVIDE COMPETITIVE DEPOSIT AND LOAN PRODUCTS TO OUR MEMBERSHIP BASE.

Activities or mission (Part I)

TO PROVIDE FINANCIAL ADVANTAGES TO OUR MEMBERS THROUGH THE OFFERING OF A FULL RANGE OF FINANCIAL PRODUCTS AND SERVICES.

  • LOW-COST COMPETITIVE LENDING PRODUCTS (INTEREST INCOME)

  • LOW-COST PAYMENT SOLUTIONS (DEBIT/CREDIT INTERCHANGE)

  • COMPETITIVE MEMBERSHIP AND ACCOUNT-RELATED FEES (OVERDRAFT/NSF FEES)

As filed on the 2024 return.

Listed in Part VII

  • Donna Kalmeta

    CHAIR/BOD

    Total calculated
    $5,176
    From this org
    $5,176
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Richard Seim

    V. CHAIR/BOD

    Total calculated
    $2,334
    From this org
    $2,334
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Martin Doorn

    DIRECTOR/BOD

    Total calculated
    $5,140
    From this org
    $5,140
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Nicole Kalmbach

    SECRETARY/BOD

    Total calculated
    $6,549
    From this org
    $6,549
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • James Bouma

    DIRECTOR/BOD

    Total calculated
    $6,602
    From this org
    $6,602
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mike Segal

    TREASURER/BOD

    Total calculated
    $1,663
    From this org
    $1,663
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Grace Lubwama

    DIRECTOR/BOD

    Total calculated
    $8,403
    From this org
    $8,403
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Rafael Castaneda

    ASSOCIATE DIRECTOR/BOD

    Total calculated
    $10,019
    From this org
    $10,019
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jeffrey Fielder

    PRESIDENT/CEO

    Total calculated
    $1,299,159
    From this org
    $888,723
    From related orgs
    $0
    Other
    $410,436
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $685,877
    Bonus
    $160,142
    Other
    $42,704
    Deferred
    $374,357
    Nontaxable benefits
    $36,079
    Filer's total
    $1,299,159

  • Dustin Adams

    CHIEF FINANCIAL OFFICER

    Total calculated
    $392,620
    From this org
    $365,120
    From related orgs
    $0
    Other
    $27,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,052
    Bonus
    $54,997
    Other
    $99,071
    Deferred
    $13,986
    Nontaxable benefits
    $13,514
    Filer's total
    $392,620

  • Anthony Wright

    CHIEF FINANCIAL OFFICER

    Total calculated
    $24,811
    From this org
    $21,228
    From related orgs
    $0
    Other
    $3,583
    Hours/week
    40

  • Raymond Black

    CHIEF OPERATING OFFICER

    Total calculated
    $505,665
    From this org
    $380,913
    From related orgs
    $0
    Other
    $124,752
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $316,364
    Bonus
    $61,687
    Other
    $2,862
    Deferred
    $93,285
    Nontaxable benefits
    $31,467
    Filer's total
    $505,665

  • Timothy Merwin

    CHIEF LENDING OFFICER

    Total calculated
    $513,541
    From this org
    $387,454
    From related orgs
    $0
    Other
    $126,087
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $315,367
    Bonus
    $61,544
    Other
    $10,543
    Deferred
    $90,873
    Nontaxable benefits
    $35,214
    Filer's total
    $513,541

  • Renae Sisk

    CHIEF PEOPLE OFFICER

    Total calculated
    $375,186
    From this org
    $323,717
    From related orgs
    $0
    Other
    $51,469
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,410
    Bonus
    $45,889
    Other
    $8,418
    Deferred
    $17,296
    Nontaxable benefits
    $34,173
    Filer's total
    $375,186

  • Jeffrey Bolser

    CHIEF RETAIL OFFICER

    Total calculated
    $349,077
    From this org
    $309,741
    From related orgs
    $0
    Other
    $39,336
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,583
    Bonus
    $42,186
    Other
    $972
    Deferred
    $16,488
    Nontaxable benefits
    $22,848
    Filer's total
    $349,077

  • Linden Buck

    VP OF INDIRECT SERVICES

    Total calculated
    $263,527
    From this org
    $230,705
    From related orgs
    $0
    Other
    $32,822
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,865
    Bonus
    $75,005
    Other
    $8,835
    Deferred
    $9,719
    Nontaxable benefits
    $23,103
    Filer's total
    $263,527

  • Eric Stoll

    VP OF COMMERCIAL SERVICES

    Total calculated
    $232,662
    From this org
    $218,611
    From related orgs
    $0
    Other
    $14,051
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,054
    Bonus
    $26,859
    Other
    $3,698
    Deferred
    $11,283
    Nontaxable benefits
    $2,768
    Filer's total
    $232,662

  • Zackary Haigh

    COMMERCIAL LENDER III

    Total calculated
    $247,701
    From this org
    $207,381
    From related orgs
    $0
    Other
    $40,320
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $101,813
    Bonus
    $104,802
    Other
    $766
    Deferred
    $6,851
    Nontaxable benefits
    $33,469
    Filer's total
    $247,701

  • Nancy Loftis

    VP OF MARKETING/PUBLIC RELATIONS

    Total calculated
    $228,398
    From this org
    $215,477
    From related orgs
    $0
    Other
    $12,921
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,946
    Bonus
    $25,671
    Other
    $11,860
    Deferred
    $10,264
    Nontaxable benefits
    $2,657
    Filer's total
    $228,398

  • Christopher Schneider

    COMMERCIAL LENDING MANAGER

    Total calculated
    $255,637
    From this org
    $222,478
    From related orgs
    $0
    Other
    $33,159
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,348
    Bonus
    $94,127
    Other
    $6,003
    Deferred
    $8,321
    Nontaxable benefits
    $24,838
    Filer's total
    $255,637

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINES 4A-B
DUSTIN ADAMS: $79,707 THE ORGANIZATION OFFERS A 457(F) NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT TO SELECT EXECUTIVE OFFICERS AT THE CREDIT UNION. DURING 2024, THE CREDIT UNION ACCRUED THE FOLLOWING DEFERRED COMPENSATION BENEFITS FOR THE EACH OF THE BELOW-LISTED PARTICIPANTS: JEFFREY FIELDER- $353,657 RAYMOND BLACK- $73,501 TIMOTHY MERWIN- $70,612 JEFFREY FIELDER, RAYMOND BLACK AND TIMOTHY MERWIN PARTICIPATED IN A SPLIT DOLLAR COLLATERAL INSURANCE SUPPLEMENTAL RETIREMENT PLAN. THEIR LOANS RELATED TO THIS PLAN ARE REPORTED ON SCHEDULE L.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • KALAMAZOO COMMUNITY FOUNDATION

    $46,000

    TO TRANSFORM COMMUNITIES AND ADVANCE EQUITY AND EDUCATION IN EVERY SECTOR, AT EVERY LEVEL, FOR EVERYONE IN KALAMAZOO COUNTY.

  • KALAMAZOO BASEBALL LLC

    $42,383

    ATHLETIC SPONSORSHIP

  • YWCA

    $37,537

    DEDICATED TO ELIMINATING RACISM, EMPOWERING WOMEN, AND PROMOTING PEACE, JUSTICE, FREEDOM, AND DIGNITY FOR ALL.

  • VAN WAGNER TWELVE HOLDINGS LLC

    $31,500

    SPONSORSHIP

  • EL CONCILIO HISPANIC AMERICAN COUNCIL

    $20,758

    TO ENABLE AND PROMOTE THE PROSPERITY OF THE LATINX COMMUNITY.

  • BIG BROTHERS BIG SISTERS A COMMUNITY OF CARING

    $20,000

    TO IGNITE POTENTIAL AND BUILD BRIGHTER FUTURES THROUGH MENTORSHIP.

  • ADVIA FOUNDATION

    $15,000

    TO PROVIDE FINANCIAL ADVANTAGES WITHIN OUR COMMUNITIES BY ENHANCING FINANCIAL LITERACY, FURTHERING EDUCATION, AND IMPROVING OVERALL QUALITY OF LIFE.

  • COMMUNITY HOMEWORKS

    $15,000

    COMMITTED TO CONNECTING HOMEOWNERS TO RESOURCES AND OPPORTUNITIES TO MAKE MORE LASTING CHANGE.

  • ECHO INC

    $11,000

    DEDICATED TO MEETING HOUSING, FOOD AND OTHER BASIC HUMAN NEEDS AND ADDRESSING THE BARRIERS TO SELF-SUFFICIENCY.

  • FAMILY HEALTH PARTNERSHIP

    $10,000

    TO PROVIDE HIGH QUALITY HEALTH CARE SERVICES TO THE UNINSURED ADULTS OF MCHENRY COUNTY.

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ADVIA FOUNDATION

    501(C)(3) · COMMUNITY GRANTS · MI · controlled entity

    Directly controlled by ADVIA CREDIT UNION

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ADVIA REAL ESTATE HOLDINGS LLC

    HOLDING COMPANY FOR CORPORATE HEADQUARTERS AND LEASABLE SQUARE FOOTAGE · MI · income $86,318 · assets $41,483,993

    Directly controlled by ADVIA CREDIT UNION

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349325623

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