Skip to content
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
$6,517,000
Total expenses
$4,791,109
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,530,746
Investment income
$1,986,254
Other revenue
$0
Total assets, end of year
$131,441,158
Total liabilities, end of year
$116,507,876
Net assets or fund balances, end of year
$14,933,282
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

  • LINDA BENSCHOTER

    Vice President

    Total calculated
    $259,195
    From this org
    $240,995
    From related orgs
    $0
    Other
    $18,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,495
    Bonus
    $102,500
    Other
    not reported
    Deferred
    $18,200
    Nontaxable benefits
    not reported
    Filer's total
    $259,195

  • BEN NEAL

    President & CEO

    Total calculated
    $200,793
    From this org
    $175,393
    From related orgs
    $0
    Other
    $25,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,856
    Bonus
    $8,537
    Other
    not reported
    Deferred
    $11,000
    Nontaxable benefits
    $14,400
    Filer's total
    $200,793

  • EILEEN LOVELAND

    VICE PRESIDENT

    Total calculated
    $120,269
    From this org
    $120,269
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $43,269
    Bonus
    $77,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $120,269

  • ROBERT WRIGHT

    Director

    Total calculated
    $0
    Hours/week
    1

  • SAM EWING

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • KEITH DERSHAM

    Director

    Total calculated
    $0
    Hours/week
    1

  • DEANNA HARTLEY

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • CINDY PRUE

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL CRAFTS

    Director

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM BLACKERBY

    Director

    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

  • 3 · Written employment contract
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
13 May 2025
IRS schema version
2024v5.1
Source object
202521339349307442

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.