Credit Unions Chartered In The State Of Michigan

Organization Overview

Credit Unions Chartered In The State Of Michigan is located in Marquette, MI. The organization was established in 1956. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Credit Unions Chartered In The State Of Michigan employed 152 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Credit Unions Chartered In The State Of Michigan is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2023, Credit Unions Chartered In The State Of Michigan generated $25.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $22.6m during the year ending 12/2023. While expenses have increased by 22.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, CERTIFICATES AND OTHER. THE TOTAL NUMBER OF MEMBERS AT 12/31/2023 WAS 31,581


THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/2023 WAS 27,960


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Board, Officers & Key Employees

Name (title)Compensation
Thomas Blake
CEO
$335,563
Brenda Lippens
President
$238,018
Matt Nord
Vice President
$195,264
David Black
COO
$190,224
Justin Store
Vice President
$180,800
Jennifer Stempki
CFO
$141,646

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cross General Contracting
General Contracting
$1,339,953
Small Business Assc Of Mi
Group Health Insurance
$830,520
Jha Casr Processing Solutions
Plastic Card Processor
$893,128
Member Driven Technologies
Data Processing
$862,148
Mastercard
Plastic Card Network
$771,405
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$23,249,754
Investment income $2,083,044
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $25,332,798

Peer Organizations

Organization NameAssets
Beacon Credit Union
Wabash, IN
$52,771,406
Indiana University Credit Union
Bloomington, IN
$56,693,244
Credit Unions Chartered In The State Of Michigan
Midland, MI
$44,711,143
Financial Center First Credit Union
Indianapolis, IN
$42,966,700
Credit Unions Chartered In The State Of Michigan
Sterling Heights, MI
$43,516,428
Credit Unions Chartered In The State Of Michigan
Kalamazoo, MI
$42,599,576
Credit Unions Chartered In The State Of Michigan
Jackson, MI
$45,719,796
1307 Day Air Credit Union Inc
Kettering, OH
$45,000,531
Hoosier Hills Credit Union
Bedford, IN
$38,853,089
Credit Unions Chartered In The State Of Michigan
Saginaw, MI
$30,548,902
Credit Unions Chartered In The State Of Michigan
Holly, MI
$35,342,586
Credit Unions Chartered In The State Of Michigan
Plymouth, MI
$34,646,685
Credit Unions Chartered In The State Of Michigan
Livonia, MI
$44,218,975
Credit Unions Chartered In The State Of Michigan
Battle Creek, MI
$37,118,137
Credit Unions Chartered In The State Of Michigan
Romulus, MI
$30,634,389
Tech Credit Union
Crown Point, IN
$33,400,748
1244 Pathways Financial Cui
Columbus, OH
$30,849,752
0197 Universal 1 Credit Union Inc
Dayton, OH
$26,354,343
People Driven Credit Union
Southfield, MI
$29,393,305
Credit Unions Chartered In The State Of Michigan
Lansing, MI
$23,816,392
Credit Unions Chartered In The State Of Michigan
Marquette, MI
$25,332,798
Credit Unions Chartered In The State Of Michigan
Grand Rapids, MI
$25,011,714
Credit Unions Chartered In The State Of Michigan
Farmington Hills, MI
$23,179,127
Oucu Financial Credit Union Inc
Athens, OH
$22,921,961
Credit Unions Chartered In The State Of Michigan
Detroit, MI
$22,003,363

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