Upper Michigan Community Credit Union

Organization Overview

Upper Michigan Community Credit Union is located in Munising, MI. As of 12/2018, Upper Michigan Community Credit Union employed 17 individuals. Upper Michigan Community Credit Union 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 12/2018, Upper Michigan Community Credit Union generated $1.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.4m during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2018

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HIGH QUALITY FINANCIAL SERVICES TO THE MEMBERS, EDUCATE MEMBERS ABOUT THESE SERVICES, AND PROMOTE THE CREDIT UNION PHILOSOPHY OF "PEOPLE HELPING PEOPLE".

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 12/31/2018 WAS 4,398.


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 12/31/2018 WAS 2,849.


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Board, Officers & Key Employees

Name (title)Compensation
Deane Pokela
Chairperson
$0
Richard Chaltry
Vice Chair
$0
Michael Mikulich
Treasurer
$0
Kathy Salow
Secretary
$0
James Seaberg
Director
$0
Barbara Hase
Vice Chair
$0

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$1,353,790
Investment income $159,325
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 $1,737,462

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