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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
$6,596,608
Total expenses
$5,745,860
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,844,387
Investment income
$752,221
Other revenue
$0
Total assets, end of year
$118,861,191
Total liabilities, end of year
$105,182,176
Net assets or fund balances, end of year
$13,679,015
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JANELLE FRANKE

    CEO

    Total calculated
    $268,908
    From this org
    $214,953
    From related orgs
    $0
    Other
    $53,955
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,015
    Bonus
    $29,938
    Other
    not reported
    Deferred
    $33,075
    Nontaxable benefits
    $20,880
    Filer's total
    $268,908

  • KRISTA HUVER

    Vice President

    Total calculated
    $194,906
    From this org
    $149,269
    From related orgs
    $0
    Other
    $45,637
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,131
    Bonus
    $23,138
    Other
    not reported
    Deferred
    $24,757
    Nontaxable benefits
    $20,880
    Filer's total
    $194,906

  • ERIC CUTTER PHILLIPS

    Vice President

    Total calculated
    $156,138
    From this org
    $115,703
    From related orgs
    $0
    Other
    $40,435
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $97,016
    Bonus
    $18,687
    Other
    not reported
    Deferred
    $19,555
    Nontaxable benefits
    $20,880
    Filer's total
    $156,138

  • TERESA CUMMINGS

    COO

    Total calculated
    $149,031
    From this org
    $111,687
    From related orgs
    $0
    Other
    $37,344
    Hours/week
    40

  • TED COURTER

    Director

    Total calculated
    $0
    Hours/week
    1

  • JUDY BEAL

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • DANIELLE CALIENDO

    Director

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY HILE

    Director

    Total calculated
    $0
    Hours/week
    1

  • JAMES DETRICK

    Director

    Total calculated
    $0
    Hours/week
    1

  • SCOTT BOLES

    Director

    Total calculated
    $0
    Hours/week
    1

  • KURT HANSEN

    Chairman

    Total calculated
    $0
    Hours/week
    1

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
10 April 2025
IRS schema version
2024v5.1
Source object
202501009349300715

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