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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
$106,672,065
Total expenses
$106,128,097
Contributions and grants received
$0
Grants paid
$811,740
Program service revenue
$102,292,638
Investment income
$4,379,427
Other revenue
$0
Total assets, end of year
$1,579,342,761
Total liabilities, end of year
$1,429,747,897
Net assets or fund balances, end of year
$149,594,864
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

  • TERI KUEHN

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DAN HERRIMAN

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • HEIDI MUSSER

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • YASIR KHOGALI

    TREASURER & SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • PAUL BEDICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENNIS LAVOY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NED STAEBLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHNNIE TURNAGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANGELA PEAT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TANSLEY STEARNS

    PRESIDENT/CEO

    Total calculated
    $621,885
    From this org
    $583,005
    From related orgs
    $0
    Other
    $38,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $582,375
    Bonus
    $0
    Other
    $630
    Deferred
    $30,740
    Nontaxable benefits
    $8,140
    Filer's total
    $621,885

  • ELRY ARMAZA

    CHIEF OF STAFF

    Total calculated
    $301,353
    From this org
    $297,567
    From related orgs
    $0
    Other
    $3,786
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,203
    Bonus
    $15,734
    Other
    $630
    Deferred
    $0
    Nontaxable benefits
    $3,786
    Filer's total
    $301,353

  • ART BEARD

    CHIEF IT OFFICER

    Total calculated
    $418,176
    From this org
    $354,288
    From related orgs
    $0
    Other
    $63,888
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $339,388
    Bonus
    $13,934
    Other
    $966
    Deferred
    $63,888
    Nontaxable benefits
    $0
    Filer's total
    $418,176

  • SCOTT CAMERON

    CHIEF FINANCIAL OFFICER

    Total calculated
    $372,738
    From this org
    $337,912
    From related orgs
    $0
    Other
    $34,826
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $323,558
    Bonus
    $13,934
    Other
    $420
    Deferred
    $23,000
    Nontaxable benefits
    $11,826
    Filer's total
    $372,738

  • DANIELLE FRAWLEY

    CHIEF GROWTH OFFICER

    Total calculated
    $358,088
    From this org
    $340,300
    From related orgs
    $0
    Other
    $17,788
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $315,020
    Bonus
    $24,873
    Other
    $407
    Deferred
    $15,766
    Nontaxable benefits
    $2,022
    Filer's total
    $358,088

  • JILL JOHNSON

    CHIEF REVENUE AND LENDING (THRU 05.31.24)

    Total calculated
    $522,760
    From this org
    $473,109
    From related orgs
    $0
    Other
    $49,651
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,283
    Bonus
    $6,430
    Other
    $296,396
    Deferred
    $46,308
    Nontaxable benefits
    $3,343
    Filer's total
    $522,760

  • CATHY MEYERS

    CHIEF PEOPLE OFFICER

    Total calculated
    $414,471
    From this org
    $325,377
    From related orgs
    $0
    Other
    $89,094
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $309,637
    Bonus
    $13,934
    Other
    $1,806
    Deferred
    $84,491
    Nontaxable benefits
    $4,603
    Filer's total
    $414,471

  • DANIELLE MILNER

    CHIEF EXPERIENCE OFFICER

    Total calculated
    $332,631
    From this org
    $295,863
    From related orgs
    $0
    Other
    $36,768
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,499
    Bonus
    $15,734
    Other
    $630
    Deferred
    $17,902
    Nontaxable benefits
    $18,866
    Filer's total
    $332,631

  • CHRIS CURRY

    SVP OPERATIONS AND RISK

    Total calculated
    $373,299
    From this org
    $304,837
    From related orgs
    $0
    Other
    $68,462
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $291,787
    Bonus
    $12,420
    Other
    $630
    Deferred
    $48,184
    Nontaxable benefits
    $20,278
    Filer's total
    $373,299

  • MIKE ERFOURTH

    VP BUSINESS EXPERIENCE

    Total calculated
    $217,181
    From this org
    $200,650
    From related orgs
    $0
    Other
    $16,531
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,023
    Bonus
    $5,100
    Other
    $527
    Deferred
    $12,320
    Nontaxable benefits
    $4,211
    Filer's total
    $217,181

  • TOM VARGO

    AVP CORE OPERATIONS

    Total calculated
    $228,277
    From this org
    $194,378
    From related orgs
    $0
    Other
    $33,899
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,190
    Bonus
    $0
    Other
    $1,188
    Deferred
    $25,324
    Nontaxable benefits
    $8,575
    Filer's total
    $228,277

  • JAMES POTTER

    INVESTMENT REPRESENTATIVE

    Total calculated
    $215,004
    From this org
    $199,606
    From related orgs
    $0
    Other
    $15,398
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,296
    Bonus
    $0
    Other
    $310
    Deferred
    $7,827
    Nontaxable benefits
    $7,571
    Filer's total
    $215,004

  • LISA MULLEN

    SENIOR GENERAL COUNSEL

    Total calculated
    $208,767
    From this org
    $179,333
    From related orgs
    $0
    Other
    $29,434
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,019
    Bonus
    $900
    Other
    $414
    Deferred
    $9,280
    Nontaxable benefits
    $20,154
    Filer's total
    $208,767

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

  • 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 INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN IN 2024. ART BEARD SCOTT CAMERON CATHY MEYERS CHRIS CURRY JILL JOHNSON THE FOLLOWING INDIVIDUALS RECEIVED PAYOUTS FROM THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN IN 2024: ART BEARD: $33,388 CATHY MEYERS: $30,991 CHRIS CURRY: $ 25,184 JILL JOHNSON: $32,739

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349316082

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.