Form 990 for tax year 2025
Filed by CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN.
Totals
- Total revenue
- $62,301,752
- Total expenses
- $48,794,144
- Contributions and grants received
- $0
- Grants paid
- $16,000
- Program service revenue
- $54,524,860
- Investment income
- $7,760,929
- Other revenue
- $15,963
- Total assets, end of year
- $961,622,499
- Total liabilities, end of year
- $803,585,617
- Net assets or fund balances, end of year
- $158,036,882
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $0
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: INCOME ON LOANS
total $42,925,228 · related or exempt $42,925,228
-
2b · Program service revenue: FEES/CHARGES/OTHER
total $4,845,643 · related or exempt $4,845,643
-
2c · Program service revenue: SALES OF MORTGAGES
total $134,069 · related or exempt $134,069
-
2d · Program service revenue: MORTGAGE PRODUCTION FEES
total $127,749 · related or exempt $127,749
-
2f · All other program service revenue
total $6,492,171 · related or exempt $6,492,171 · unrelated business $0 · excluded $0
-
3 · Investment income
total $7,759,156 · related or exempt $7,759,156
-
6a · Gross rents
real property $27,822
-
6b · Less rental expenses
real property $152,022
-
6c · Rental income or loss
real property -$124,200 · personal property $0
-
6d · Net rental income or loss
total -$124,200 · related or exempt -$124,200
-
7a · Gross sales of assets other than inventory
other assets $63,463
-
7b · Less cost or other basis and sales expenses
other assets $61,690
-
7c · Gain or loss
securities $0 · other assets $1,773
-
7d · Net gain or loss
total $1,773 · related or exempt $1,773
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: FINANCE & INSURANCE
total $140,163 · unrelated business $140,163
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$140,163
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $16,000
-
5 · Compensation of officers, directors and key employees
total $1,538,330
-
7 · Other salaries and wages
total $9,742,035
-
8 · Pension plan contributions
total $750,605
-
9 · Other employee benefits
total $1,452,298
-
10 · Payroll taxes
total $824,880
-
11b · Fees: legal
total $4,832
-
11c · Fees: accounting
total $216,000
-
11f · Fees: investment management
total $109,035
-
11g · Fees: other
total $275,535
-
12 · Advertising and promotion
total $1,214,569
-
13 · Office expenses
total $814,517
-
14 · Information technology
total $61,479
-
16 · Occupancy
total $1,072,704
-
17 · Travel
total $60,973
-
19 · Conferences, conventions and meetings
total $65,644
-
20 · Interest
total $17,138,963
-
22 · Depreciation, depletion and amortization
total $1,453,066
-
23 · Insurance
total $176,917
-
24a · Other expenses: LOAN SERVICING
total $2,910,794
-
24b · Other expenses: MAINTENANCE
total $1,150,452
-
24c · Other expenses: ATM EXPENSES
total $2,657,052
-
24d · Other expenses: PROVISION FOR LOAN LOSS
total $2,220,120
-
24e · All other expenses
total $2,867,344
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,473,797 · end of year $8,723,252
-
2 · Savings and temporary cash investments
beginning of year $99,123,526 · end of year $116,545,957
-
4 · Accounts receivable
beginning of year $225,895 · end of year $276,857
-
5 · Loans and receivables from officers and key people
beginning of year $750,000 · end of year $750,000
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $672,060,143 · end of year $707,953,353
-
9 · Prepaid expenses and deferred charges
beginning of year $969,927 · end of year $854,616
-
10a · Land, buildings and equipment: cost or other basis
$26,636,133
-
10b · Land, buildings and equipment: accumulated depreciation
$14,075,574
-
10c · Land, buildings and equipment, net
beginning of year $12,822,021 · end of year $12,560,559
-
11 · Investments: publicly traded securities
beginning of year $88,121,267 · end of year $88,915,385
-
12 · Investments: other securities
beginning of year $8,663,900 · end of year $6,564,258
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $17,326,921 · end of year $18,478,262
-
17 · Accounts payable and accrued expenses
beginning of year $9,436,825 · end of year $10,733,503
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $756,589,271 · end of year $792,852,114
-
29 · Capital stock, trust principal or current funds
beginning of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $141,511,301 · end of year $158,036,882
Mission and programs · 2025
Mission
KCCU IS A FULL-SERVICE FINANCIAL INSTITUTION SERVING FAMILIES FOR DECADES. YOUR CREDIT UNION PROVIDES MORE OPPORTUNITY THAN OTHER FINANCIAL INSTITUTIONS BECAUSE IT IS OWNED AND GOVERNED BY THE PEOPLE WHO UTILIZE ITS PRODUCTS AND SERVICES. EVERY MEMBER OWNS A SHARE OF THE CREDIT UNION, AND THE CREDIT UNION OPERATES TO PROMOTE THE FINANCIAL WELL-BEING OF ALL ITS MEMBERS.
Activities or mission (Part I)
KCCU IS A FULL-SERVICE FINANCIAL INSTITUTION SERVING FAMILIES FOR DECADES. YOUR CREDIT UNION PROVIDES MORE OPPORTUNITY THAN OTHER FINANCIAL INSTITUTIONS BECAUSE IT IS OWNED AND GOVERNED BY THE PEOPLE WHO UTILIZE ITS PRODUCTS AND SERVICES. EVERY MEMBER OWNS A SHARE OF THE CREDIT UNION AND THE CREDIT UNION OPERATES TO PROMOTE THE FINANCIAL WELL-BEING OF ALL ITS MEMBERS.
-
INCOME FROM THE CREDIT UNION MEMBERSHIP AND INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.
As filed on the 2025 return.
Listed in Part VII
-
Carol CaseyCAROL CASEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chirstopher DemarestCHIRSTOPHER DEMAREST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
E Paul ChambersE PAUL CHAMBERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Henry Pat RolfeHENRY PAT ROLFE
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Marie SmithMARIE SMITH
VICE CHAIRPESON
- Total calculated
- $0
- Hours/week
- 1
-
Melissa MillerMELISSA MILLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Roger E PitzerROGER E PITZER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Seph DabrowskiSEPH DABROWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Trey JunkinsTREY JUNKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amber MallerneeAMBER MALLERNEE
CCO
- Total calculated
- $230,265
- From this org
- $194,130
- From related orgs
- $0
- Other
- $36,135
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $166,278
- Bonus
- $27,852
- Other
- $0
- Deferred
- $16,115
- Nontaxable benefits
- $20,020
- Filer's total
- $230,265
-
Chris HarrisCHRIS HARRIS
CFO
- Total calculated
- $181,873
- From this org
- $159,260
- From related orgs
- $0
- Other
- $22,613
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $159,260
- Bonus
- $0
- Other
- $0
- Deferred
- $16,328
- Nontaxable benefits
- $6,285
- Filer's total
- $181,873
-
Jason CainJASON CAIN
CHIEF TECHNOLOGY OFFICER - PART YEAR
- Total calculated
- $93,759
- From this org
- $87,732
- From related orgs
- $0
- Other
- $6,027
- Hours/week
- 38
-
Kate PratleyKATE PRATLEY
CHIEF RISK OFFICER
- Total calculated
- $202,433
- From this org
- $164,843
- From related orgs
- $0
- Other
- $37,590
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $148,593
- Bonus
- $16,250
- Other
- $0
- Deferred
- $17,467
- Nontaxable benefits
- $20,123
- Filer's total
- $202,433
-
Lindsey R LawLINDSEY R LAW
CLO
- Total calculated
- $267,036
- From this org
- $240,877
- From related orgs
- $0
- Other
- $26,159
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $207,807
- Bonus
- $33,070
- Other
- $0
- Deferred
- $23,747
- Nontaxable benefits
- $2,412
- Filer's total
- $267,036
-
Tracy MillerTRACY MILLER
CEO
- Total calculated
- $562,965
- From this org
- $503,350
- From related orgs
- $0
- Other
- $59,615
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $432,446
- Bonus
- $70,904
- Other
- $0
- Deferred
- $37,795
- Nontaxable benefits
- $21,820
- Filer's total
- $562,965
-
Becky SchutzBECKY SCHUTZ
MORTGAGE LOAN ORIGINATOR
- Total calculated
- $194,116
- From this org
- $170,645
- From related orgs
- $0
- Other
- $23,471
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $37,576
- Bonus
- $20,350
- Other
- $112,719
- Deferred
- $17,241
- Nontaxable benefits
- $6,230
- Filer's total
- $194,116
-
Chris KasperCHRIS KASPER
SENIOR INFORMATION TECHNOLOGY MANAGER
- Total calculated
- $155,902
- From this org
- $125,420
- From related orgs
- $0
- Other
- $30,482
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $114,484
- Bonus
- $10,936
- Other
- $0
- Deferred
- $10,526
- Nontaxable benefits
- $19,956
- Filer's total
- $155,902
-
Jerald PawlowiczJERALD PAWLOWICZ
FINANCIAL ADVISOR
- Total calculated
- $227,685
- From this org
- $194,652
- From related orgs
- $0
- Other
- $33,033
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $25,872
- Bonus
- $2,870
- Other
- $165,910
- Deferred
- $13,881
- Nontaxable benefits
- $19,152
- Filer's total
- $227,685
-
Jessica BissendenJESSICA BISSENDEN
VP OF HR
- Total calculated
- $146,960
- From this org
- $133,952
- From related orgs
- $0
- Other
- $13,008
- Hours/week
- 37.5
-
Tara SteeleTARA STEELE
BUSINESS LENDING MANAGER
- Total calculated
- $172,895
- From this org
- $150,642
- From related orgs
- $0
- Other
- $22,253
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $126,080
- Bonus
- $24,562
- Other
- $0
- Deferred
- $14,924
- Nontaxable benefits
- $7,329
- Filer's total
- $172,895
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
- 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)
- SCHEDULE J, PART I, LINE 1A TRAVEL FOR COMPANIONS
- THE ORGANIZATION OCCASIONALLY PROVIDES OPPORTUNITIES FOR SPOUSES AND OTHER FAMILY PARTNERS TO TRAVEL WITH BOARD MEMBERS TO CONFERENCES. THE FAMILY MEMBERS SHARE ACCOMMODATIONS PROVIDED BY THE ORGANIZATION WITH THE BOARD MEMBER. THE BOARD MEMBER IS NOT REIMBURSED FOR ANY ADDITIONAL TRAVEL EXPENSES RELATED TO COMPANION TRAVEL.
- SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
- TRACY MILLER PARTICIPATES IN A SPLIT DOLLAR COLLATERAL INSURANCE SUPPLEMENTAL RETIREMENT PLAN. THE LOAN RELATED TO THIS PLAN IS REPAID TO THE CREDIT UNION THROUGH THE RECOVERY OF ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. AT SPECIFIED TIMES, THE PARTICIPANT RECEIVES BENEFIT PAYOUTS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON.
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
- 2025
- Filed
- 11 September 2026
- IRS schema version
- 2025v4.2
- Source object
- 202642549349301494
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.