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Credit Unions Chartered In The State Of Michigan

1055 Financialedge Community Cu

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
$8.41M (2024)

Expenses
$6.88M (2024)

Total Assets
$128M (2024)

Total Liabilities
$112M (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,413,154
Expenses
$6,884,738
Net Income
$1,528,416
Net Assets
$15,995,872
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,642,308
79.0%
Investment Income $1,553,724
18.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $221,347
2.6%
Net Inventory Sales $0
Other Revenue -$4,225
Notable Expenses Percent of Total Expenses
Executive Compensation $620,375
9.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,524,860
22.1%
Assets/Debt
Total Assets $128,431,019
Total Liabilities $112,435,147
Net Assets $15,995,872
Compensation
Key Employees and Officers Compensation Related Other
Jeremy Coberley (Ceo) $262,254 $0 $57,761
Lynne Zanotti (Vice President) $125,391 $0 $27,241
Jim Bierlein (Vice President) $124,157 $0 $23,571
Shawn Ashley (Cto) $108,180 $0 $25,976
William Keipert (Treasurer) $0 $0 $0
Jill Beisel (Director) $0 $0 $0
Norma Felker (Chairman) $0 $0 $0
Judy Skornia (Director) $0 $0 $0
Jon Morse (Director) $0 $0 $0
Jennifer Delorge (Director) $0 $0 $0
Robert Pierce Jr (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,300,435
Expenses
$5,820,502
Net Income
$1,479,933
Net Assets
$14,099,188
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,972,299
81.8%
Investment Income $1,333,559
18.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$5,423
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $723,039
12.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,341,828
23.1%
Assets/Debt
Total Assets $122,192,163
Total Liabilities $108,092,975
Net Assets $14,099,188
Compensation
Key Employees and Officers Compensation Related Other
Jeremy Coberley (Ceo) $238,411 $0 $50,277
Shawn Ashley (Vice President) $119,027 $0 $32,340
Lynne Zanotti (Vice President) $118,619 $0 $27,304
Jim Bierlein (Vice President) $117,942 $0 $19,119
Kay Wagner (Secretary) $0 $0 $0
Jill Beisel (Director) $0 $0 $0
Norma Felker (Chairman) $0 $0 $0
Judy Skornia (Director) $0 $0 $0
Jon Morse (Director) $0 $0 $0
William Keipert (Director) $0 $0 $0
Jennifer Delorge (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,984,878
Expenses
$4,951,544
Net Income
$1,033,334
Net Assets
$12,679,566
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,302,482
88.6%
Investment Income $682,396
11.4%
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 $472,783
9.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,705,373
34.4%
Assets/Debt
Total Assets $124,800,914
Total Liabilities $112,121,348
Net Assets $12,679,566
Compensation
Key Employees and Officers Compensation Related Other
Jeremy Coberley (President/Ceo) $190,751 $0 $0
Jim Bierlein (Clo) $97,573 $0 $0
Shawn Ashley (Cto) $93,698 $0 $0
Lynne Zanotti (Cmo) $90,761 $0 $0
Kay Wagner (Secretary) $0 $0 $0
Jill Beisel (Director) $0 $0 $0
Norma Felker (Chairman) $0 $0 $0
Judy Skornia (Director) $0 $0 $0
Gary Keipert (Director) $0 $0 $0
Jon Morse (Vice Chairman) $0 $0 $0
William Keipert (Director) $0 $0 $0
Michelle Richardson (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,494,085
Expenses
$4,659,142
Net Income
$834,943
Net Assets
$12,395,142
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,232,276
95.2%
Investment Income $239,256
4.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $22,553
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $541,627
11.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,201,787
25.8%
Assets/Debt
Total Assets $128,580,564
Total Liabilities $116,185,422
Net Assets $12,395,142
Compensation
Key Employees and Officers Compensation Related Other
Jeremy Coberley (Ceo) $186,103 $0 $28,542
Shawn Ashley (Vp It) $100,382 $0 $15,247
Jim Bierlein (Vp Lending) $89,774 $0 $17,154
Lynne Zanotti (Vp Member Srv) $89,457 $0 $14,966
Kay Wagner (Secretary/Treas) $0 $0 $0
Jill Beisel (Director) $0 $0 $0
Norma Felker (Chairperson) $0 $0 $0
Judy Skornia (Director) $0 $0 $0
Gary Keipert (Director) $0 $0 $0
Jon Morse (Vice Chair) $0 $0 $0
William Keipert (Director) $0 $0 $0
Michelle Richardson (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,267,118
Expenses
$4,706,489
Net Income
$560,629
Net Assets
$11,704,883
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,014,070
95.2%
Investment Income $258,298
4.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$5,250
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $540,645
11.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,193,763
25.4%
Assets/Debt
Total Assets $113,296,296
Total Liabilities $101,591,413
Net Assets $11,704,883
Compensation
Key Employees and Officers Compensation Related Other
Jeremy Coberley (Ceo) $187,793 $0 $29,914
Shawn Ashley (Vp Mbr Service) $103,090 $0 $14,844
Jim Bierlein (Vp It) $92,102 $0 $16,896
Lynne Zanotti (Vp Of Lending) $91,691 $0 $14,497
Kay Wagner (Secretary/Treas) $0 $0 $0
Jill Beisel (Director) $0 $0 $0
Norma Felker (Chairperson) $0 $0 $0
Judy Skornia (Director) $0 $0 $0
Gary Keipert (Director) $0 $0 $0
Jon Morse (Vice Chair) $0 $0 $0
William Keipert (Director) $0 $0 $0
Michelle Richardson (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,396,101
Expenses
$4,601,905
Net Income
$794,196
Net Assets
$11,099,562
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,016,862
93.0%
Investment Income $404,507
7.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$25,268
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $207,422
4.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,346,057
29.2%
Assets/Debt
Total Assets $95,014,818
Total Liabilities $83,915,256
Net Assets $11,099,562
Compensation
Key Employees and Officers Compensation Related Other
Jeremy Coberley (Ceo) $170,143 $0 $37,279
Kay Wagner (Secretary/Treas) $0 $0 $0
Jill Beisel (Director) $0 $0 $0
Norma Felker (Chairperson) $0 $0 $0
Judy Skornia (Director) $0 $0 $0
Gary Keipert (Director) $0 $0 $0
Jon Morse (Vice Chair) $0 $0 $0
William Keipert (Director) $0 $0 $0
Michelle Richardson (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,305,834
Expenses
$4,615,760
Net Income
$690,074
Net Assets
$10,184,232
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,796,969
90.4%
Investment Income $475,731
9.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $33,134
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $200,582
4.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,329,223
28.8%
Assets/Debt
Total Assets $90,933,155
Total Liabilities $80,748,923
Net Assets $10,184,232
Compensation
Key Employees and Officers Compensation Related Other
Jeremy Coberley (Ceo) $166,300 $0 $34,282
Kay Wagner (Secretary/Treas) $0 $0 $0
Jill Beisel (Director) $0 $0 $0
Norma Felker (Chairperson) $0 $0 $0
Judy Skornia (Director) $0 $0 $0
Gary Keipert (Director) $0 $0 $0
Jon Morse (Vice Chair) $0 $0 $0
William Keipert (Director) $0 $0 $0
Michelle Richardson (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,048,841
Expenses
$4,385,157
Net Income
$663,684
Net Assets
$9,606,229
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,669,159
92.5%
Investment Income $394,877
7.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$15,195
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $183,949
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,341,566
30.6%
Assets/Debt
Total Assets $92,466,467
Total Liabilities $82,860,238
Net Assets $9,606,229
Compensation
Key Employees and Officers Compensation Related Other
Jeremy Coberley (President/Ceo) $149,384 $0 $34,565
Norma Felker (Chairperson) $0 $0 $0
Jon Morse (Vice Chairperson) $0 $0 $0
Kay Wagner (Secretary/Treasurer) $0 $0 $0
Michelle Richardson (Director) $0 $0 $0
Gary Keipert (Director) $0 $0 $0
Jill Biesel (Director) $0 $0 $0
Bill Keipert (Director) $0 $0 $0
Judy Skornia (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,799,588
Expenses
$4,378,229
Net Income
$421,359
Net Assets
$9,006,194
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,461,066
92.9%
Investment Income $334,173
7.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,349
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $163,059
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,358,028
31.0%
Assets/Debt
Total Assets $88,727,949
Total Liabilities $79,721,755
Net Assets $9,006,194
Compensation
Key Employees and Officers Compensation Related Other
Jeremy Coberley (President/Ceo) $133,153 $0 $29,906
Norma Felker (Chairperson) $0 $0 $0
Jon Morse (Vice Chairperson) $0 $0 $0
Kay Wagner (Secretary/Treasurer) $0 $0 $0
Michelle Richardson (Director) $0 $0 $0
Gary Keipert (Director) $0 $0 $0
Jill Biesel (Director) $0 $0 $0
Bill Keipert (Director) $0 $0 $0
Judy Condon (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,627,118
Expenses
$4,526,690
Net Income
$100,428
Net Assets
$8,553,566
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,305,379
93.0%
Investment Income $343,087
7.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$21,348
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $160,582
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,340,067
29.6%
Assets/Debt
Total Assets $86,292,876
Total Liabilities $77,739,310
Net Assets $8,553,566
Compensation
Key Employees and Officers Compensation Related Other
Jeremy Coberley (President/Ceo) $130,984 $0 $29,598
Norma Felker (Chairperson) $0 $0 $0
Jon Morse (Vice Chairperson) $0 $0 $0
Kay Wagner (Secretary/Treasurer) $0 $0 $0
Michelle Richardson (Director) $0 $0 $0
Gary Keipert (Director) $0 $0 $0
Jill Biesel (Director) $0 $0 $0
Ray Rosebush (Director) $0 $0 $0
Bill Keipert (Director) $0 $0 $0
Judy Condon (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,670,284
Expenses
$4,419,613
Net Income
$250,671
Net Assets
$8,531,774
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,331,896
92.8%
Investment Income $303,696
6.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $34,692
0.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $148,002
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,322,915
29.9%
Assets/Debt
Total Assets $81,942,095
Total Liabilities $73,410,321
Net Assets $8,531,774
Compensation
Key Employees and Officers Compensation Related Other
Jeremy Coberley (President /Ceo) $123,328 $0 $24,674
Norma Felker (Chairperson) $0 $0 $0
Jon Morse (Vice Chairperson) $0 $0 $0
Kay Wagner (Secretary/Treasurer) $0 $0 $0
Michelle Richardson (Director) $0 $0 $0
Gary Keipert (Director) $0 $0 $0
Jill Biesel (Director) $0 $0 $0
Ray Rosebush (Director) $0 $0 $0
Bill Keipert (Director) $0 $0 $0
Judy Condon (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,548,362
Expenses
$4,304,498
Net Income
$243,864
Net Assets
$8,228,608
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,346,572
95.6%
Investment Income $269,219
5.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$67,429
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $156,697
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,220,022
28.3%
Assets/Debt
Total Assets $79,191,993
Total Liabilities $70,963,385
Net Assets $8,228,608
Compensation
Key Employees and Officers Compensation Related Other
Jeremy Coberley (President /Ceo) $127,636 $0 $29,061
Norma Felker (Chairperson) $0 $0 $0
Jon Morse (Vice Chairperson) $0 $0 $0
Kay Wagner (Secretary/Treasurer) $0 $0 $0
Michelle Richardson (Director) $0 $0 $0
Gary Keipert (Director) $0 $0 $0
Jill Biesel (Director) $0 $0 $0
Ray Rosebush (Director) $0 $0 $0
Bill Keipert (Director) $0 $0 $0
Judy Condon (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,821,563
Expenses
$4,309,765
Net Income
$511,798
Net Assets
$8,034,010
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,534,262
94.0%
Investment Income $259,943
5.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,313
0.0%
Net Fundraising $0
Sales of Assets $25,045
0.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $147,333
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,180,974
27.4%
Assets/Debt
Total Assets $77,744,912
Total Liabilities $69,710,902
Net Assets $8,034,010

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,775,231
Expenses
$4,478,717
Net Income
$296,514
Net Assets
$7,403,114
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,609,601
96.5%
Investment Income $154,632
3.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $10,998
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $138,280
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,148,331
25.6%
Assets/Debt
Total Assets $76,015,868
Total Liabilities $68,612,754
Net Assets $7,403,114

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

What Is 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 »

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.

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