CREDIT UNIONS CHARTERED BY THE STATE OF MICHIGAN

As filed

Subsection

14

Classification

1000

Street

31155 NORTHWESTERN HWAY

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Group exemption

A subordinate covered by the group exemption of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (EIN 38-6092097). matched by us

The IRS lists each organization's group exemption number; we match a subordinate to its central organization by that number and the affiliation code the IRS assigns.

Mission and programs · 2024

• LENDING: WE PROVIDED OVER $318 MILLION IN LOANS TO OUR CONSUMER MEMBERS AND OVER $130 MILLION IN LOANS TO BUSINESSES. OUR LOAN PORTFOLIO GREW BY $95 MILLION DURING 2024 TO $1.437 BILLION AS OF DECEMBER 31, 2024. WE ADDED A NEW LOAN PRODUCT CALLED RENOFI WHICH PROVIDES A UNIQUE AND CONVENIENT FINANCING OPTION FOR HOME IMPROVEMENT PROJECTS.

• DEPOSITS: OUR MEMBERS DEPOSITED OVER $1.5 BILLION WITH US IN SAVINGS, CHECKING, BUSINESS, AND INVESTMENT ACCOUNTS INCLUDING IRA AND CDS.

• DIGITAL ACCESS: IN SUPPORT OF OUR STRATEGIC FOCUS ON DIGITAL TOGETHER, WE UPGRADED MANY OF OUR ATM MACHINES TO ITM MACHINES. WE UPGRADED COMMUNICATION SYSTEMS TO INCLUDE A MORE ROBUST ONLINE CHAT, VIDEO CALLS, AND CO-BROWSING. WE INCREASED ACCESSIBILITY BY MAKING LOAN PAYMENTS AVAILABLE VIA TEXT FROM ACCOUNTS HELD ANYWHERE; AND WE IMPLEMENTED SAME DAY ELECTRONIC PAYMENTS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $124,802,335

  Expenses

  $118,223,191

  Contributions

  $0

  Grants paid

  $14,948

• 2023

  Revenue

  $102,901,319

  Expenses

  $98,586,856

  Contributions

  $0

  Grants paid

  $79,102

• 2022

  Revenue

  $84,137,393

  Expenses

  $70,833,474

  Contributions

  $0

  Grants paid

  $100,000

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $74,321,132

  Expenses

  $62,193,541

  Assets (EOY)

  $1,628,878,716

• 2020 · 990

  Revenue

  $67,940,068

  Expenses

  $59,380,132

  Assets (EOY)

  $1,397,314,880

• 2019 · 990

  Revenue

  $64,553,439

  Expenses

  $57,129,527

  Assets (EOY)

  $1,163,543,549

• 2018 · 990

  Revenue

  $61,687,432

  Expenses

  $52,574,733

  Assets (EOY)

  $1,076,731,500

• 2017 · 990

  Revenue

  $54,044,021

  Expenses

  $47,538,135

  Assets (EOY)

  $1,024,174,335

• 2016 · 990

  Revenue

  $41,339,443

  Expenses

  $39,252,816

  Assets (EOY)

  $850,069,648

• 2015 · 990

  Revenue

  $36,596,381

  Expenses

  $34,042,918

  Assets (EOY)

  $736,654,004

• 2014 · 990

  Revenue

  $29,367,178

  Expenses

  $26,660,597

  Assets (EOY)

  $529,870,943

• 2013 · 990

  Revenue

  $29,643,135

  Expenses

  $23,404,303

  Assets (EOY)

  $509,950,485

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $22,552,009

  Assets (EOY)

  $465,894,374

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• COMMUNITY CHOICE FOUNDATION INC

  $100,000

  2022 · CHARITABLE CONTRIBUTION

• COMMUNITY CHOICE FOUNDATION INC

  $75,000

  2023 · CHARITABLE CONTRIBUTION

• MICHIGAN CREDIT UNION FOUNDATION

  $7,500

  2024 · TO SUPPORT CREDIT UNION DEVELOPMENT INITIATIVES.

• RAINBOW CONNECTION

  $5,000

  2024 · TO SUPPORT FUNDRAISING RAFFLE

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files