Credit Unions Chartered In The State Of Michigan

58 Honor Credit Union

Berrien Sprgs, MI
Tax-exempt since Oct. 1956
EIN: 38-1231023

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Type of Nonprofit

Designated as a 501(c)(14) State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Revenue

$114M (2023)

Expenses

$94.2M (2023)

Total Assets

$1.7B (2023)

Total Liabilities

$1.54B (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Revenue

$113,682,685

Expenses

$94,196,589

Net Income

$19,486,096

Net Assets

$164,082,071

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$107,479,803	94.5%
Investment Income	$5,642,852	5.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$131,586	0.1%
Net Fundraising	$0
Sales of Assets	-$17,701
Net Inventory Sales	$0
Other Revenue	$446,145	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,138,468	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$23,929,918	25.4%

Assets/Debt
Total Assets	$1,701,973,478
Total Liabilities	$1,537,891,407
Net Assets	$164,082,071

Compensation

Key Employees and Officers	Compensation	Related	Other
Scott Mcfarland (Chief Executive Officer)	$740,398	$0	$59,295
Matthew Nordberg (Mortgage Loan Officer)	$398,326	$0	$44,440
Heather Luciani (Chief Strategy Officer)	$311,083	$0	$27,692
Megan Hendrix (Chief Operations Officer)	$293,915	$0	$43,316
Katherine Berry (Chief People Officer)	$267,743	$0	$29,748
Kent Figy (Chief Lending Officer)	$260,154	$0	$40,641
Tony Mandarino (Vp Of Business Services)	$209,844	$0	$36,576
Lynneise M Gaddie (Vp Of Real Estate)	$198,561	$0	$34,488
Alex Grumbine (Director Of Commercial Relationships)	$193,365	$0	$25,728
Edward Freed (Vp Of Innovation Technology)	$191,219	$0	$32,971
Brian Brown (Chair)	$0	$0	$0
Mimi Elwell (Vice Chair)	$0	$0	$0
Richard Atwell (Secretary)	$0	$0	$0
Ron Griesinger (Treasurer)	$0	$0	$0
Carrie Muessig (Associate Director)	$0	$0	$0
Paige Eagon (Associate Director)	$0	$0	$0
Greg Vaughn (Director)	$0	$0	$0
Randy O'neil (Director)	$0	$0	$0
Stephen Smith (Director)	$0	$0	$0

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990

Filed on Nov. 6, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$90,533,570

Expenses

$71,155,529

Net Income

$19,378,041

Net Assets

$142,597,107

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$86,359,390	95.4%
Investment Income	$5,228,329	5.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$134,372	0.1%
Net Fundraising	$0
Sales of Assets	-$1,463,681
Net Inventory Sales	$0
Other Revenue	$275,160	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$909,504	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$21,358,627	30.0%

Assets/Debt
Total Assets	$1,585,559,927
Total Liabilities	$1,442,962,820
Net Assets	$142,597,107

Compensation

Key Employees and Officers	Compensation	Related	Other
Scott Mcfarland (Chief Executive Officer)	$656,695	$0	$52,870
Matthew Nordberg (Mortgage Loan Officer)	$494,079	$0	$40,624
Austin Weber (Sr. Commercial Loan Officer)	$375,265	$0	$35,969
Amanda Craig (Chief Experience Officer Part Year)	$332,019	$0	$60,726
Nita Rich (Mortgage Loan Officer)	$295,176	$0	$37,677
Kent Figy (Chief Lending Officer)	$251,873	$0	$38,884
Megan Hendrix (Chief Operations Officer)	$249,340	$0	$39,167
Katherine Berry (Chief People Officer)	$249,267	$0	$27,952
Tony Mandarino (Vp Of Business Services)	$205,394	$0	$21,297
Heather Luciani (Chief Strategy Officer)	$196,604	$0	$3,336
Ronald Lauren (President Of Honor Holdings Part Year)	$162,498	$0	$370,286
Brian Brown (Chair)	$0	$0	$0
Mimi Elwell (Vice Chair)	$0	$0	$0
Ron Griesinger (Treasurer)	$0	$0	$0
Richard Atwell (Secretary)	$0	$0	$0
Paige Eagon (Associate Director)	$0	$0	$0
Carrie Muessig (Associate Director)	$0	$0	$0
Larry Olson (Board Member Emeritus)	$0	$0	$0
Randy O'neil (Director)	$0	$0	$0
Stephen Smith (Director)	$0	$0	$0
Greg Vaughn (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$81,953,482

Expenses

$60,781,210

Net Income

$21,172,272

Net Assets

$151,862,421

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$75,750,451	92.4%
Investment Income	$4,146,257	5.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$137,412	0.2%
Net Fundraising	$0
Sales of Assets	$1,899,736	2.3%
Net Inventory Sales	$0
Other Revenue	$19,626	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,369,021	2.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$18,397,874	30.3%

Assets/Debt
Total Assets	$1,437,451,566
Total Liabilities	$1,285,589,145
Net Assets	$151,862,421

Compensation

Key Employees and Officers	Compensation	Related	Other
Shari Weber (Chief Financial Officer Thru Jun 21)	$649,785	$0	$20,483
Scott Mcfarland (Chief Executive Officer)	$648,600	$0	$50,152
Matthew Nordberg (Mortgage Loan Officer)	$546,502	$0	$38,201
Kimberly O'donoghue (Avp Of Real Estate Sales)	$361,078	$0	$17,731
Stacey L Donner (Mortgage Loan Officer)	$336,189	$0	$31,339
Chad Jankoviak (Mortgage Loan Officer)	$315,942	$0	$41,013
Amanda Craig (Chief Experience Officer)	$276,950	$0	$30,825
Kent Figy (Chief Lending Officer)	$246,644	$0	$37,301
Adam T Carpenter (Mortgage Loan Officer)	$241,650	$0	$39,656
Katherine Berry (Chief People Officer)	$234,735	$0	$32,768
Megan Hendrix (Chief Operations Officer)	$209,357	$0	$34,167
Mimi Elwell (Chair)	$0	$0	$0
Larry Olson (Vice Chairman)	$0	$0	$0
Mark Fry (Secretary)	$0	$0	$0
Brian Brown (Treasurer)	$0	$0	$0
Richard Atwell (Director)	$0	$0	$0
Ron Griesinger (Director)	$0	$0	$0
Randy O'neil (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$75,345,313

Expenses

$61,331,077

Net Income

$14,014,236

Net Assets

$134,971,342

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$71,376,912	94.7%
Investment Income	$3,268,683	4.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$139,226	0.2%
Net Fundraising	$0
Sales of Assets	$546,265	0.7%
Net Inventory Sales	$0
Other Revenue	$14,227	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,266,837	2.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$17,000,621	27.7%

Assets/Debt
Total Assets	$1,214,960,101
Total Liabilities	$1,079,988,759
Net Assets	$134,971,342

Compensation

Key Employees and Officers	Compensation	Related	Other
Scott Mcfarland (Chief Executive Officer)	$878,487	$0	$44,755
Matthew Nordberg (Mortgage Loan Officer)	$549,358	$0	$37,509
Adam Carpenter (Mortgage Loan Officer)	$407,771	$0	$39,833
Chad Jankoviak (Mortgage Loan Officer)	$380,161	$0	$12,230
Stacey Donner (Mortgage Loan Officer)	$328,753	$0	$30,109
Shari Weber (Chief Financial Officer)	$305,031	$0	$38,563
Nita Snyder (Mortgage Loan Officer)	$299,801	$0	$32,961
Amanda Craig (Chief Experience Officer)	$268,342	$0	$29,897
Lynneise Gaddie (Vp Of Real Estate Lending)	$251,790	$0	$25,741
Kent Figy (Chief Lending Officer)	$242,152	$0	$36,342
Katherine Berry (Chief People Officer)	$195,268	$0	$28,064
Megan Hendrix (Vp Of Operations)	$176,483	$0	$29,425
Mimi Elwell (Chair)	$0	$0	$0
Larry Olson (Vice Chair)	$0	$0	$0
Brian Brown (Secretary)	$0	$0	$0
Mark Fry (Treasurer)	$0	$0	$0
Richard Atwell (Director)	$0	$0	$0
Ron Griesinger (Director)	$0	$0	$0
Randy O'neil (Director)	$0	$0	$0

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990

Filed on Sept. 30, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$69,079,578

Expenses

$57,783,763

Net Income

$11,295,815

Net Assets

$118,468,915

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$65,538,383	94.9%
Investment Income	$3,380,376	4.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$108,083	0.2%
Net Fundraising	$0
Sales of Assets	-$44,213
Net Inventory Sales	$0
Other Revenue	$96,949	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,508,269	2.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,725,369	27.2%

Assets/Debt
Total Assets	$1,009,278,982
Total Liabilities	$890,810,067
Net Assets	$118,468,915

Compensation

Key Employees and Officers	Compensation	Related	Other
Scott Mcfarland (Chief Executive Officer)	$595,167	$0	$85,410
Shari Weber (Chief Financial Officer)	$303,709	$0	$82,650
Dustin Jankoviak (Mortgage Loan Officer)	$301,260	$0	$59,202
Amanda Craig (Chief Experience Officer)	$250,988	$0	$51,099
Matthew Nordberg (Mortgage Loan Officer)	$244,870	$0	$55,452
Kent Figy (Chief Lending Officer)	$235,211	$0	$51,925
Adam Carpenter (Mortgage Loan Officer)	$184,685	$0	$39,553
Ronald Lauren (President Of Honor Holdings)	$182,399	$0	$32,393
Katherine Berry (Chief People Officer)	$171,169	$0	$37,834
Joshua Vissering (Avp Of Finance)	$163,062	$0	$27,454
Lynneise Gaddie (Vp Of Real Estate Lending)	$163,028	$0	$38,921
Megan Hendrix (Vp Of Operations)	$161,755	$0	$40,077
Mimi Elwell (Chair)	$0	$0	$0
Larry Olson (Vice Chair)	$0	$0	$0
Brian Brown (Secretary)	$0	$0	$0
Mark Fry (Treasurer)	$0	$0	$0
Richard Atwell (Director)	$0	$0	$0
Ron Griesinger (Director)	$0	$0	$0
Randy O'neil (Director)	$0	$0	$0

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990

Filed on Nov. 16, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$60,329,871

Expenses

$49,616,444

Net Income

$10,713,427

Net Assets

$105,259,925

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$57,486,940	95.3%
Investment Income	$2,383,067	4.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$117,938	0.2%
Net Fundraising	$0
Sales of Assets	-$70,101
Net Inventory Sales	$0
Other Revenue	$412,027	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,508,269	3.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,065,557	30.4%

Assets/Debt
Total Assets	$934,030,474
Total Liabilities	$828,770,549
Net Assets	$105,259,925

Compensation

Key Employees and Officers	Compensation	Related	Other
Scott Mcfarland (Ceo)	$548,482	$0	$80,568
Rob Viland (Cro Part Year)	$314,966	$0	$26,491
Shari Weber (Cfo)	$273,995	$0	$68,157
Kent Figy (Clo)	$227,783	$0	$47,930
Amanda Craig (Coo)	$220,709	$0	$40,644
Dustin Jankoviak (Mortgage Loan Officer)	$184,041	$0	$37,780
Mary Unruh (Vp Of Operational Efficiencies)	$169,007	$0	$56,908
Ron Lauren (President Of Honor Holdings)	$163,087	$0	$29,332
Matthew Nordberg (Mortgage Loan Officer)	$152,087	$0	$37,208
Kathy Burdick (Vp Of Organizational Design)	$150,033	$0	$37,150
Mimi Elwell (Board Chairman)	$0	$0	$0
Larry Olson (Board Vice Chairman)	$0	$0	$0
Brian Brown (Secretary)	$0	$0	$0
Mark Fry (Treasurer)	$0	$0	$0
Richard Atwell (Director)	$0	$0	$0
Scott Cleveland (Director)	$0	$0	$0
Ronald Griesinger (Director)	$0	$0	$0
Randy O'neil (Director)	$0	$0	$0
David Rhoutsong (Director)	$0	$0	$0

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990

Filed on Oct. 30, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$49,336,526

Expenses

$40,922,549

Net Income

$8,413,977

Net Assets

$95,190,202

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$46,993,453	95.3%
Investment Income	$2,310,811	4.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$37,512	0.1%
Net Fundraising	$0
Sales of Assets	-$5,250
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$876,254	2.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,318,668	30.1%

Assets/Debt
Total Assets	$852,520,992
Total Liabilities	$757,330,790
Net Assets	$95,190,202

Compensation

Key Employees and Officers	Compensation	Related	Other
Scott Mcfarland (Ceo)	$485,323	$0	$78,411
Shari Weber (Cfo)	$243,985	$0	$68,535
Kent Figy (Clo)	$186,612	$0	$45,635
Amanda Craig (Coo)	$182,532	$0	$39,049
Mary Unruh (Vp Of Acct. & Oper. Effic.)	$166,014	$0	$55,508
Ron Lauren (President, Northern Mkt.)	$154,956	$0	$30,623
Dustin Jankoviak (Mortgage Loan Officer)	$147,373	$0	$25,090
Mimi Elwell (Board Chairman)	$0	$0	$0
Larry Olson (Board Vice Chairman)	$0	$0	$0
Brian Brown (Secretary)	$0	$0	$0
Mark Fry (Treasurer)	$0	$0	$0
Richard Atwell (Director)	$0	$0	$0
Randy O'neil (Director)	$0	$0	$0
Ronald Griesinger (Director)	$0	$0	$0
Scott Cleveland (Director)	$0	$0	$0
David Rhoutsong (Director)	$0	$0	$0
Gil Guzman Part Year (Director)	$0	$0	$0

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990

Filed on Nov. 14, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$43,216,020

Expenses

$37,658,842

Net Income

$5,557,178

Net Assets

$76,295,476

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$41,605,926	96.3%
Investment Income	$1,574,947	3.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$37,537	0.1%
Net Fundraising	$0
Sales of Assets	-$2,390
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$987,173	2.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,142,378	29.6%

Assets/Debt
Total Assets	$712,966,023
Total Liabilities	$636,670,547
Net Assets	$76,295,476

Compensation

Key Employees and Officers	Compensation	Related	Other
Scott Mcfarland (Ceo)	$454,835	$0	$177,798
Shari Weber (Cfo)	$239,741	$0	$114,799
Mary Unruh (Vice President Of Accounting And Operation Effic)	$162,582	$0	$23,164
Ron Lauren (President, Northern Market)	$158,843	$0	$16,383
Thomas Kempf (Vice President Of Lending)	$154,401	$0	$15,746
Kent Figy (Vice President Of Member Service)	$145,750	$0	$24,512
Patrick Swem (Business Development Officer)	$141,427	$0	$25,247
Larry Olson (Board Chairman)	$0	$0	$0
Brian Brown (Board Vice Chairman)	$0	$0	$0
Mimi Elwell (Secretary)	$0	$0	$0
Mark Fry (Treasurer)	$0	$0	$0
Richard Atwell (Director)	$0	$0	$0
Ronald Griesinger (Director)	$0	$0	$0
Gil Guzman (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$36,570,015

Expenses

$29,868,248

Net Income

$6,701,767

Net Assets

$71,014,757

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$35,635,605	97.4%
Investment Income	$1,722,314	4.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$43,227	0.1%
Net Fundraising	$0
Sales of Assets	-$831,131
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$709,150	2.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,520,067	31.9%

Assets/Debt
Total Assets	$664,782,324
Total Liabilities	$593,767,567
Net Assets	$71,014,757

Compensation

Key Employees and Officers	Compensation	Related	Other
Scott Mcfarland (Ceo)	$457,313	$0	$49,407
Shari Weber (Cfo)	$170,332	$0	$32,098
Thomas Kempf (Vice President Of Lending)	$151,037	$0	$15,669
Mary Unruh (Vice President Of Accounting And Operation Effic.)	$149,696	$0	$22,697
Ron Lauren (President, Northern Market)	$143,431	$0	$12,052
Kip Kulich (Vice President Of It)	$125,578	$0	$25,259
Kathy Burdick (Vice President Of Talent Services)	$117,557	$0	$17,782
Larry Olson (Board Chairman)	$0	$0	$0
Brian Brown (Board Vice Chairman)	$0	$0	$0
Mimi Elwell (Secretary)	$0	$0	$0
Mark Fry (Treasurer)	$0	$0	$0
Richard Atwell (Director)	$0	$0	$0
Ronald Griesinger (Director)	$0	$0	$0
Gil Guzman (Director)	$0	$0	$0
Scott Carter (Director (Part Year))	$0	$0	$0
Dana Slocum (Director (Part Year))	$0	$0	$0

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990

Filed on Aug. 10, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$30,476,651

Expenses

$24,620,104

Net Income

$5,856,547

Net Assets

$64,468,013

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$28,750,365	94.3%
Investment Income	$1,790,766	5.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$58,320	0.2%
Net Fundraising	$0
Sales of Assets	-$122,800
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$463,388	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,705,402	31.3%

Assets/Debt
Total Assets	$598,991,686
Total Liabilities	$534,523,673
Net Assets	$64,468,013

Compensation

Key Employees and Officers	Compensation	Related	Other
Scott Mcfarland (Ceo/President)	$262,640	$0	$41,462
Mary Jean Unruh (Vice President Of Finance)	$138,457	$0	$20,829
Thomas Kempf (Vice President Of Lending)	$123,278	$0	$14,163
William Kulich (Vice President Of It)	$117,103	$0	$15,690
Kathy Burdick (Vice President Of Hr)	$105,440	$0	$17,034
Kent Figy (Vice President Of Member Service)	$104,100	$0	$25,361
Shari Weber (Chief Administrative Officer)	$100,860	$0	$18,383
Larry Olson (Board Chairman)	$0	$0	$0
Brian Brown (Board Vice Chairman)	$0	$0	$0
Mimi Elwell (Secretary)	$0	$0	$0
Mark Fry (Treasurer)	$0	$0	$0
Richard Atwell (Director)	$0	$0	$0
Scott Carter (Director)	$0	$0	$0
Ronald Griesinger (Director)	$0	$0	$0
Gil Guzman (Director)	$0	$0	$0
Dana Slocum (Director)	$0	$0	$0
Tim Hoyle (Director (Part Year))	$0	$0	$0

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990

Filed on May 13, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$25,258,836

Expenses

$20,157,913

Net Income

$5,100,923

Net Assets

$50,444,620

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$24,001,866	95.0%
Investment Income	$1,351,525	5.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$41,729	0.2%
Net Fundraising	$0
Sales of Assets	-$136,284
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$457,715	2.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,124,579	30.4%

Assets/Debt
Total Assets	$472,518,124
Total Liabilities	$422,073,504
Net Assets	$50,444,620

Compensation

Key Employees and Officers	Compensation	Related	Other
Scott Mcfarland (Ceo/President)	$260,021	$0	$42,188
Mary Jean Unruh (Vp Of Finance)	$132,103	$0	$23,403
Thomas Kempf (Vice President)	$123,242	$0	$13,377
Marilyn Arend (Vp Of Retail Delivery)	$114,599	$0	$17,265
William Kulich (Vice President)	$109,597	$0	$22,898
Kent Figy (Vice President)	$102,197	$0	$21,175
Kathy Burdick (Vice President)	$100,896	$0	$16,266
Larry Olson (Board Chairman)	$0	$0	$0
Brian Brown (Board Vice Chairman)	$0	$0	$0
Mimi Elwell (Secretary)	$0	$0	$0
Mark Fry (Treasurer)	$0	$0	$0
Richard Atwell (Director)	$0	$0	$0
Scott Carter (Director)	$0	$0	$0
Ronald Griesinger (Director)	$0	$0	$0
Gil Guzman (Director)	$0	$0	$0
Tim Hoyle (Director)	$0	$0	$0
Dana Slocum (Director)	$0	$0	$0
Ron Willging (Director (Part Year))	$0	$0	$0

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990

Filed on May 14, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$25,991,006

Expenses

$18,688,101

Net Income

$7,302,905

Net Assets

$47,163,147

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$24,799,555	95.4%
Investment Income	$1,357,031	5.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$42,903	0.2%
Net Fundraising	$0
Sales of Assets	-$208,483
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$952,118	5.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,674,123	25.0%

Assets/Debt
Total Assets	$432,710,416
Total Liabilities	$385,547,269
Net Assets	$47,163,147

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$17,680,161

Expenses

$14,215,227

Net Income

$3,464,934

Net Assets

$38,388,727

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$16,784,421	94.9%
Investment Income	$895,740	5.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$598,901	4.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,348,520	23.6%

Assets/Debt
Total Assets	$321,006,734
Total Liabilities	$282,618,007
Net Assets	$38,388,727

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 »

Get the Data

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.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
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.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Credit Unions Chartered In The State Of Michigan

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $114M (2023)

Expenses $94.2M (2023)

Total Assets $1.7B (2023)

Total Liabilities $1.54B (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$114M (2023)

Expenses

$94.2M (2023)

Total Assets

$1.7B (2023)

Total Liabilities

$1.54B (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006