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Nonprofiteer
← CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

Form 990 for tax year 2024

Filed by CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN.

Totals

Total revenue
$48,550,081
Total expenses
$43,216,908
Contributions and grants received
$0
Grants paid
$165,490
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • MICHAEL WARD

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • ERIN GORMAN

    BOD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHAD BURKE

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • ROBERT CARLTON

    BOD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINE ROCKEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JOHN KUTAS

    BOD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TERRY GREGORICKA

    TRESURER

    Total calculated
    $0
    Hours/week
    1

  • HOLLY RIDENOUR

    BOD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TAMMY L BENGEL

    CHIEF FINANCIAL OFFICER

    Total calculated
    $250,837
    From this org
    $229,483
    From related orgs
    $0
    Other
    $21,354
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,664
    Bonus
    $8,117
    Other
    $3,702
    Deferred
    $19,697
    Nontaxable benefits
    $1,657
    Filer's total
    $250,837

  • MICHELE MAKLEY

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $381,270
    From this org
    $353,192
    From related orgs
    $0
    Other
    $28,078
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $313,577
    Bonus
    $13,451
    Other
    $26,164
    Deferred
    $26,421
    Nontaxable benefits
    $1,657
    Filer's total
    $381,270

  • THERESA BURGESS

    CHIEF MEMBER EXPERIENCE OFFICER

    Total calculated
    $194,350
    From this org
    $162,619
    From related orgs
    $0
    Other
    $31,731
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,445
    Bonus
    $6,202
    Other
    $2,972
    Deferred
    $15,846
    Nontaxable benefits
    $15,885
    Filer's total
    $194,350

  • LEANNE HIXSON

    CHIEF LENDING OFFICER

    Total calculated
    $214,057
    From this org
    $176,394
    From related orgs
    $0
    Other
    $37,663
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,084
    Bonus
    $6,380
    Other
    $5,930
    Deferred
    $17,377
    Nontaxable benefits
    $20,286
    Filer's total
    $214,057

  • SEAN KREBS

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $179,189
    From this org
    $151,736
    From related orgs
    $0
    Other
    $27,453
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,405
    Bonus
    $5,345
    Other
    $6,986
    Deferred
    $8,780
    Nontaxable benefits
    $18,673
    Filer's total
    $179,189

  • JOSEPH KRIEGER

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $283,235
    From this org
    $240,012
    From related orgs
    $0
    Other
    $43,223
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,872
    Bonus
    $8,483
    Other
    $7,657
    Deferred
    $22,937
    Nontaxable benefits
    $20,286
    Filer's total
    $283,235

  • GURSIMRAN VIRK

    CHIEF RISK OFFICER

    Total calculated
    $188,645
    From this org
    $153,779
    From related orgs
    $0
    Other
    $34,866
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,077
    Bonus
    $5,345
    Other
    $10,357
    Deferred
    $14,627
    Nontaxable benefits
    $20,239
    Filer's total
    $188,645

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 — 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 · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
THE FOLLOWING EMPLOYEES REPORTED IN PART VII PARTICIPATE IN A DEFERRED CASH AGREEMENT WHICH WILL BE FUNDED BY THE CREDIT UNION OWNED LIFE INSURANCE POLICIES IN PLACE FOR EACH OF THE PARTICIPANTS: MICHELE MAKLEY TAMMY BENGEL JOSEPH KRIEGER GURSIMRAN VIRK THERESA BURGESS SEAN KREBS LEANNE HIXSON THE EXECUTIVE VP, JOSEPH KRIEGER, PARTICIPATES IN A SUPPLEMENTAL RETIREMENT BENEFITS ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR" PLAN. AT SPECIFIED TIMES, THE PARTICIPANT MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANT. UPON THE PARTICIPANT'S DEATH, THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST, PLUS KEY-PERSON INSURANCE PROCEEDS.

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

Provenance

Return type
form_990
Tax year
2024
Filed
16 June 2025
IRS schema version
2024v5.1
Source object
202511689349300226

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