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Credit Unions Chartered In The State Of Michigan

118 Adventure Credit Union

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$22.5M (2022)

Expenses
$20.1M (2022)

Total Assets
$437M (2022)

Total Liabilities
$383M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,480,279
Expenses
$20,093,597
Net Income
$2,386,682
Net Assets
$54,198,658
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,490,956
95.6%
Investment Income $861,732
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $90,435
0.4%
Net Inventory Sales $0
Other Revenue $37,156
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $807,468
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $6,140,810
30.6%
Assets/Debt
Total Assets $437,120,346
Total Liabilities $382,921,688
Net Assets $54,198,658
Compensation
Key Employees and Officers Compensation Related Other
Ann Marie Nelson (Chief Executive Officer) $284,886 $0 $20,535
James Bird (Aris Financial Manager) $191,028 $0 $10,670
Jerome Maue (Chief Financial Officer) $165,251 $0 $16,536
Amanda Garabedian (Chief Operating Officer) $150,719 $0 $21,317
Lisa Posthumus (Chief Lending Officer) $130,782 $0 $17,444
Megan Anthony (Svp Of Hr) $108,134 $0 $15,617
Timothy Logan (Svp Of It) $105,687 $0 $18,121
Shanna Schneider (Vp Of Operations) $103,634 $0 $6,205
Dave Ferguson (Board Chairman (Jan Apr)) $0 $0 $0
Pete Winninger (Board Chairman (May Dec)) $0 $0 $0
Michael Kutas (Board Vice Chairman (May Dec)) $0 $0 $0
Dave Kidd (Secretary (Jan Apr)) $0 $0 $0
Patricia Andrews (Secretary (May Dec)) $0 $0 $0
Ryan Sheffer (Treasurer Part Year) $0 $0 $0
Roger Fry (Treasurer (May Dec)) $0 $0 $0
Anthony Arizola (Board Member) $0 $0 $0
Charlie Breneman (Board Member) $0 $0 $0
Debra Ginsburg (Board Member) $0 $0 $0
Shari Waldvogel (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,782,924
Expenses
$17,839,648
Net Income
$2,943,276
Net Assets
$54,428,269
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $20,142,489
96.9%
Investment Income $371,421
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $120,000
0.6%
Net Inventory Sales $0
Other Revenue $149,014
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $750,601
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $5,609,051
31.4%
Assets/Debt
Total Assets $438,784,059
Total Liabilities $384,355,790
Net Assets $54,428,269
Compensation
Key Employees and Officers Compensation Related Other
Ann Marie Nelson (Chief Executive Officer) $293,806 $0 $20,383
James Bird (Aris Financial Manager) $206,127 $0 $9,727
Jerome Maue (Chief Financial Officer) $154,407 $0 $14,906
Amanda Garabedian (Chief Operating Officer) $133,301 $0 $20,222
Lisa Posthumus (Chief Lending Officer) $102,528 $0 $11,047
Dave Ferguson (Board Chairman) $0 $0 $0
Pete Winninger (Board Vice Chairman) $0 $0 $0
Ryan Sheffer (Treasurer) $0 $0 $0
Dave Kidd (Secretary) $0 $0 $0
Patricia Andrews (Board Member) $0 $0 $0
Charlie Breneman (Board Member) $0 $0 $0
Roger Fry (Board Member) $0 $0 $0
Debra Ginsburg (Board Member) $0 $0 $0
Michael Kutas (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,672,643
Expenses
$17,450,796
Net Income
$3,221,847
Net Assets
$52,001,337
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,945,337
96.5%
Investment Income $355,719
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,915
0.0%
Net Inventory Sales $0
Other Revenue $364,672
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $692,248
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $5,276,061
30.2%
Assets/Debt
Total Assets $415,888,601
Total Liabilities $363,887,264
Net Assets $52,001,337
Compensation
Key Employees and Officers Compensation Related Other
Ann Marie Nelson (Chief Executive Officer/President) $231,764 $0 $11,407
Jim Bird (Aris Financial Manager) $179,740 $0 $8,813
Jerry Maue (Chief Financial Officer) $144,753 $0 $13,588
Mic Shupe (Chief Legal Officer) $130,137 $0 $16,923
Amanda Garabedian (Chief Operating Officer) $120,522 $0 $16,914
Brian Mcveigh (Chief Operating Officer/President Part Year) $19,327 $0 $3,278
Dave Ferguson (Board Chairman) $0 $0 $0
Pete Winninger (Board Vice Chairman) $0 $0 $0
Ryan Sheffer (Board Treasurer) $0 $0 $0
Dave Kidd (Board Secretary) $0 $0 $0
Patricia Andrews (Director) $0 $0 $0
Charlie Breneman (Director) $0 $0 $0
Roger Fry (Director) $0 $0 $0
Deborah Ginsburg (Director) $0 $0 $0
Michael Kutas (Director) $0 $0 $0
David Henderson (Director Part Year) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,373,514
Expenses
$17,812,756
Net Income
$2,560,758
Net Assets
$49,255,982
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,250,437
94.5%
Investment Income $968,861
4.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$19,589
Net Inventory Sales $0
Other Revenue $173,805
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $494,309
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $4,793,115
26.9%
Assets/Debt
Total Assets $357,563,327
Total Liabilities $308,307,345
Net Assets $49,255,982
Compensation
Key Employees and Officers Compensation Related Other
Steven Bush (Chief Executive Officer Part Year) $161,344 $0 $11,076
James T Bird (Aris Financial Manager) $153,828 $0 $7,019
Steve Winninger (Interim Ceo Part Year) $110,400 $0 $0
Brian Mcveigh (Chief Executive Officer) $105,483 $0 $6,632
Jerry Maue (Chief Financial Officer) $67,193 $0 $5,287
Clement Coulombe (Chief Financial Officer Part Year) $23,655 $0 $3,239
Charlie Breneman (Director, Board Chairman) $0 $0 $0
David Kidd (Director, Board Secretary) $0 $0 $0
Dave Ferguson (Director, Board Treasurer) $0 $0 $0
Patricia Andrews (Director) $0 $0 $0
Roger Fry (Director) $0 $0 $0
Deborah Ginsberg (Director) $0 $0 $0
David Henderson (Director) $0 $0 $0
Michael Kutas (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,014,989
Expenses
$19,148,402
Net Income
$866,587
Net Assets
$46,367,744
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,075,531
95.3%
Investment Income $644,266
3.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$17,648
Net Inventory Sales $0
Other Revenue $312,840
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $444,269
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,922,466
25.7%
Assets/Debt
Total Assets $373,557,111
Total Liabilities $327,189,367
Net Assets $46,367,744
Compensation
Key Employees and Officers Compensation Related Other
Steven Bush (Chief Executive Officer) $274,159 $0 $25,160
James T Bird (Aris Financial Manager) $182,943 $0 $7,881
Carrie Reno (Senior Vice President) $101,236 $0 $8,445
Debra Wisniewski (Senior Vice President) $100,380 $0 $15,312
Thomas Davis (Chief Financial Officer Part Year) $79,306 $0 $15,308
Clement Coulombe (Chief Financial Officer) $38,456 $0 $11,880
Charlie Breneman (Director, Board Chairman) $0 $0 $0
Brian Pitts (Director, Board Vice Chairman) $0 $0 $0
David Kidd (Director, Board Secretary) $0 $0 $0
Dave Ferguson (Director, Board Treasurer) $0 $0 $0
Michael Kutas (Director) $0 $0 $0
Patricia Andrews (Director) $0 $0 $0
Deborah Ginsberg (Director) $0 $0 $0
C Nancy Ford (Director) $0 $0 $0
Roger Fry (Director) $0 $0 $0
David Henderson (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,341,957
Expenses
$19,127,778
Net Income
$214,179
Net Assets
$45,484,192
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $18,645,045
96.4%
Investment Income $526,520
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $42,945
0.2%
Net Inventory Sales $0
Other Revenue $127,447
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $767,378
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $5,170,165
27.0%
Assets/Debt
Total Assets $385,710,905
Total Liabilities $340,226,713
Net Assets $45,484,192
Compensation
Key Employees and Officers Compensation Related Other
Steven Bush (Chief Executive Officer) $274,322 $0 $9,318
James T Bird (Member Financial Services) $167,921 $0 $5,396
Karen K Wietzke (Executive Vice President) $164,273 $0 $5,322
Thomas S Davis (Chief Financial Officer) $135,599 $0 $5,227
Dave Ferguson (Director, Board Chairman) $0 $0 $0
Charlie Breneman (Director, Vice Chairman) $0 $0 $0
Michael Kutas (Director, Board Secretary) $0 $0 $0
David Kidd (Director, Board Treasurer) $0 $0 $0
Patricia Andrews (Director) $0 $0 $0
Deborah Ginsberg (Director) $0 $0 $0
C Nancy Ford (Director) $0 $0 $0
Roger Fry (Director) $0 $0 $0
David Henderson (Director) $0 $0 $0
Brian Pitts (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,724,359
Expenses
$17,491,105
Net Income
$233,254
Net Assets
$45,414,041
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,786,630
94.7%
Investment Income $661,091
3.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $195,785
1.1%
Net Inventory Sales $0
Other Revenue $80,853
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,014,341
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $5,185,853
29.6%
Assets/Debt
Total Assets $346,278,129
Total Liabilities $300,864,088
Net Assets $45,414,041

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,657,683
Expenses
$13,819,750
Net Income
$1,837,933
Net Assets
$44,865,927
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,224,749
90.8%
Investment Income $1,291,365
8.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $141,569
0.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,421,841
10.3%
Professional Fundraising Fees $0
Other Salaries and Wages $3,607,420
26.1%
Assets/Debt
Total Assets $290,045,949
Total Liabilities $245,180,022
Net Assets $44,865,927
Compensation
Key Employees and Officers Compensation Related Other
Andrew J List (Chief Executive Officer Part Year) $630,920 $0 $6,130
Steven Bush (Chief Executive Officer Part Year) $240,719 $0 $12,187
James T Bird (Member Financial Services Manager) $193,760 $0 $8,214
Thomas S Davis (Chief Financial Officer) $190,808 $0 $14,603
Thomas O Berry (Executive Vice President Lending) $156,476 $0 $5,624
Karen K Wietzke (Executive Vice President Operation) $152,734 $0 $11,641
Marsha Clark (Chief Information Officer) $110,605 $0 $6,197
Dave Ferguson (Director, Board Chairman) $0 $0 $0
Charlie Breneman (Director, Vice Chairman) $0 $0 $0
Michael Kutas (Director, Board Secretary) $0 $0 $0
David Kidd (Director, Board Treasurer) $0 $0 $0
Patricia Andrews (Director) $0 $0 $0
Deborah Ginsberg (Director) $0 $0 $0
C Nancy Ford (Director) $0 $0 $0
Roger Fry (Director) $0 $0 $0
David Henderson (Director) $0 $0 $0
Brian Pitts (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,562,051
Expenses
$13,421,699
Net Income
$2,140,352
Net Assets
$43,730,907
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,039,317
90.2%
Investment Income $1,290,215
8.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $232,519
1.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $629,327
4.7%
Professional Fundraising Fees $0
Other Salaries and Wages $4,181,311
31.2%
Assets/Debt
Total Assets $276,044,059
Total Liabilities $232,313,152
Net Assets $43,730,907
Compensation
Key Employees and Officers Compensation Related Other
Andrew J List (Chief Executive Officer) $294,436 $0 $10,233
Karen K Wietzke (Executive Vice President Operations) $197,243 $0 $5,045
James T Bird (Member Financial Services Manager) $185,660 $0 $7,522
Thomas O Berry (Executive Vice President Lending) $130,247 $0 $5,806
Thomas S Davis (Chief Financial Officer) $117,921 $0 $4,449
Rosemary Cheslock (Vice President Operations) $111,804 $0 $4,071
Marsha Clark (Chief Information Officer) $101,725 $0 $4,929
Dave Ferguson (Director, Board Chairman) $0 $0 $0
Charlie Breneman (Director, Vice Chairman) $0 $0 $0
Michael Kutas (Director, Board Secretary) $0 $0 $0
David Kidd (Director, Board Treasurer) $0 $0 $0
Patricia Andrews (Director) $0 $0 $0
Deborah Ginsberg (Director) $0 $0 $0
C Nancy Ford (Director) $0 $0 $0
Roger Fry (Director) $0 $0 $0
David Henderson (Director) $0 $0 $0
Brian Pitts (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,496,078
Expenses
$13,672,456
Net Income
$1,823,622
Net Assets
$41,141,117
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,216,093
91.7%
Investment Income $1,079,458
7.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $200,527
1.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $426,624
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $4,185,557
30.6%
Assets/Debt
Total Assets $268,937,148
Total Liabilities $227,796,031
Net Assets $41,141,117
Compensation
Key Employees and Officers Compensation Related Other
Andrew J List (Chief Executive Officer) $273,025 $0 $21,901
James T Bird (Member Financial Services Rep) $162,259 $0 $7,625
Karen K Wietzke (Executive Vice President) $144,230 $0 $15,210
Thomas O Berry (Executive Vice President) $126,034 $0 $14,644
Thomas S Davis (Chief Financial Officer) $115,095 $0 $16,603
Rosemary Cheslock (Vice President) $109,664 $0 $13,962
Dave Ferguson (Director, Board Chairman) $0 $0 $0
Charlie Breneman (Director, Vice Chairman) $0 $0 $0
Michael Kutas (Director, Board Secretary) $0 $0 $0
David Kidd (Director, Board Treasurer) $0 $0 $0
Patricia Andrews (Director) $0 $0 $0
Deborah Ginsberg (Director) $0 $0 $0
C Nancy Ford (Director) $0 $0 $0
Roger Fry (Director) $0 $0 $0
David Henderson (Director) $0 $0 $0
Brian Pitts (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,894,727
Expenses
$14,234,605
Net Income
$1,660,122
Net Assets
$39,244,315
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,610,258
91.9%
Investment Income $1,066,848
6.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $217,621
1.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $916,330
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,657,979
25.7%
Assets/Debt
Total Assets $266,470,798
Total Liabilities $227,226,483
Net Assets $39,244,315

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,229,758
Expenses
$14,840,123
Net Income
$1,389,635
Net Assets
$38,084,983
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,642,675
90.2%
Investment Income $1,546,117
9.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $40,966
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $977,249
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,657,462
24.6%
Assets/Debt
Total Assets $266,763,062
Total Liabilities $228,678,079
Net Assets $38,084,983

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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