Why Credit Unions Chartered by the State of Michigan
FY2024 · Form 990Its mission and biggest programs, as filedImproves members' financial lives and community quality of life through trusted financial advice.
- 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…
- 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…
Before you apply
FY2024 · Form 990Independent: from IRS data, not the orgLast advisory board member made
$533,641
Form 990, 2024
Fine: from the org's Form 990.
Pt VII · Sec A
Pays its leaders
$262K–$1.2M
12 officers reported
Fine: from the org's Form 990.
Pt VII · Sec A
Budget
$118.2M
spent in FY2024
Fine: from the org's Form 990.
Pt I · Ln 18
Staff
431
employees
12 volunteers
Fine: from the org's Form 990.
Pt I · Ln 5–6
Surplus or deficit
+5%
of revenue, FY2024
Looks good: revenue was at least expenses in the latest filing.
Pt I · Ln 19
Cash reserves
16 mo
of spending, in cash and securities
Looks good: 15.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file
IRS status
501(c)(14)
tax-exempt since 1956
Looks good: listed by the IRS.
IRS BMF
Looks goodFineWorth a lookConcernTap a box for the reason.
About the role
From the org's own postingThe full description is on the org's own listing.
About Credit Unions Chartered by the State of Michigan
From its Form 990- Budget $124.8M
- Staff 431 · founded 1935
- Pays its leaders $262K–$1.2M (12 reported)
- Open jobs 19 · Jobs at Credit Unions Chartered by the State of Michigan · Full 990 report