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← CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

Form 990 for tax year 2023

Filed by CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN.

Totals

Total revenue
$5,021,107
Total expenses
$3,883,344
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,096,487
Investment income
$924,620
Other revenue
$0
Total assets, end of year
$121,319,921
Total liabilities, end of year
$908,432
Net assets or fund balances, end of year
$120,411,489
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

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

  • Ben Neal

    President CEO

    Total calculated
    $164,574
    From this org
    $164,574
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,574
    Bonus
    $10,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $164,574

  • Eileen Loveland

    Credit Committee Member

    Total calculated
    $122,400
    From this org
    $122,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $116,400
    Bonus
    $6,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $122,400

  • Linda Benschoter

    Credit Committee Member

    Total calculated
    $121,995
    From this org
    $121,995
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,995
    Bonus
    $6,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $121,995

  • Robert Wright

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sam Ewing

    Board Chairman

    Total calculated
    $0
    Hours/week
    1

  • Keith Dersham

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Deanna Hartley

    Board Secretary

    Total calculated
    $0
    Hours/week
    1

  • Cindy Prue

    Board Treasurer

    Total calculated
    $0
    Hours/week
    1

  • David Chambers

    Credit Committee Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Crafts

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Wayland Echelbarger

    Credit Committee Member

    Total calculated
    $0
    Hours/week
    1

  • William Blackerby

    Board Member

    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
2023
Filed
26 April 2024
IRS schema version
2023v5.0
Source object
202421209349300027

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