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Credit Unions Chartered In The State Of Michigan

0680 Freestar Financial Credit Unio
  • Mount Clemens, MI
  • Tax-exempt since Oct. 1956
  • EIN: 38-1582963

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
$14.6M (2022)

Expenses
$13.5M (2022)

Total Assets
$306M (2022)

Total Liabilities
$283M (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
$14,580,200
Expenses
$13,465,711
Net Income
$1,114,489
Net Assets
$22,222,280
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,163,731
90.3%
Investment Income $1,352,391
9.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $34,158
0.2%
Net Inventory Sales $0
Other Revenue $29,920
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $883,568
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $4,231,650
31.4%
Assets/Debt
Total Assets $305,665,605
Total Liabilities $283,443,325
Net Assets $22,222,280
Compensation
Key Employees and Officers Compensation Related Other
Drema Isaac (President/Ceo) $342,030 $0 $174,154
Eric Heinrich (Cfo) $181,323 $0 $25,485
Jennifer Martines (Executive Vice President) $152,415 $0 $8,161
Anne Lester (Vp Branch Operations) $123,167 $0 $12,335
Timothy Strenk (Vp Of Information Technology) $115,067 $0 $25,211
Christopher Clapp (Vp Of Lending) $109,502 $0 $6,249
Victoria Mcinstosh (Vp Of Community Affairs) $100,502 $0 $14,249
Raymond W White Jr (Board Chairperson) $0 $0 $0
Clifford Brown (Board Vice Chairperson) $0 $0 $0
Kristi Le (Board Treasurer) $0 $0 $0
Jeffrey Bruss (Board Secretary) $0 $0 $0
Catherine Patyi (Board Director) $0 $0 $0
Charles Larsen (Board Director) $0 $0 $0
Ashley Ciamillo (Board Director) $0 $0 $0
Marc Alexander (Associate Board Director) $0 $0 $0
John Buseman (Board Director) $0 $0 $0
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Document Links

990
Filed on Aug. 31, 2023

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

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,991,219
Expenses
$11,110,399
Net Income
$1,880,820
Net Assets
$25,986,953
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,932,040
91.8%
Investment Income $793,063
6.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$5,989
Net Inventory Sales $0
Other Revenue $272,105
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $689,429
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,444,046
31.0%
Assets/Debt
Total Assets $281,204,430
Total Liabilities $255,217,477
Net Assets $25,986,953
Compensation
Key Employees and Officers Compensation Related Other
Drema Isaac (President/Ceo) $325,958 $0 $164,531
Eric Heinrich (Cfo) $172,238 $0 $26,702
Jennifer Martines (Executive Vice President) $134,597 $0 $7,342
Anne Lester (Vice President Of Branch) $116,153 $0 $12,297
Timothy Strenk (Vice President Of It) $108,485 $0 $22,589
James D Ellis (Board Member) $0 $0 $0
Edward J Cotter Jr (Board Member) $0 $0 $0
Clifford Brown (Board Vice Chairperson) $0 $0 $0
Jeffrey Bruss (Board Secretary) $0 $0 $0
Raymond W White Jr (Board Chairperson) $0 $0 $0
Catherine Patyi (Board Member) $0 $0 $0
Charles Larsen (Board Member) $0 $0 $0
Kristi Le (Board Treasurer) $0 $0 $0
+ View more people

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990
Filed on Nov. 8, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,870,443
Expenses
$11,839,422
Net Income
$1,031,021
Net Assets
$25,156,615
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,922,665
92.6%
Investment Income $652,346
5.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $295,432
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $541,662
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,356,020
28.3%
Assets/Debt
Total Assets $259,711,613
Total Liabilities $234,554,998
Net Assets $25,156,615
Compensation
Key Employees and Officers Compensation Related Other
Drema Isaac (President/Ceo) $307,155 $0 $37,040
Eric Heinrich (Cfo) $164,727 $0 $32,740
Jennifer Martines (Executive Vice President) $125,626 $0 $1,200
Anne Lester (Vice President Of Branch) $111,187 $0 $5,760
Timothy Strenk (Vice President Of It) $107,603 $0 $5,337
James D Ellis (Board Member) $0 $0 $0
Edward J Cotter Jr (Board Vice Chairperson) $0 $0 $0
Clifford Brown (Board Treasurer) $0 $0 $0
Jeffrey Bruss (Board Secretary) $0 $0 $0
Raymond W White Jr (Board Chairperson) $0 $0 $0
Catherine Patyi (Board Member) $0 $0 $0
Charles Larsen (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Sept. 16, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,306,773
Expenses
$12,537,874
Net Income
$768,899
Net Assets
$23,411,627
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,283,823
92.3%
Investment Income $637,221
4.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,722
0.0%
Net Inventory Sales $0
Other Revenue $381,007
2.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $527,890
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,138,844
25.0%
Assets/Debt
Total Assets $226,526,437
Total Liabilities $203,114,810
Net Assets $23,411,627
Compensation
Key Employees and Officers Compensation Related Other
Drema Isaac (President/Ceo) $297,990 $0 $38,178
Eric Heinrich (Cfo) $157,951 $0 $33,771
Jennifer Martines (Vice President) $118,818 $0 $4,760
Anne Lester (Vice President Of Branch) $108,822 $0 $9,569
Timothy Strenk (Vice President Of It) $102,345 $0 $4,267
James D Ellis (Board Member) $0 $0 $0
Edward J Cotter Jr (Vice Chairperson) $0 $0 $0
Clifford Brown (Treasurer) $0 $0 $0
Jeffrey Bruss (Secretary) $0 $0 $0
Raymond W White Jr (Chairperson) $0 $0 $0
Thomas Churchwell (Board Member) $0 $0 $0
Catherine Patyi (Board Member) $0 $0 $0
Charles Larsen (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 19, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,614,025
Expenses
$11,220,366
Net Income
$1,393,659
Net Assets
$22,726,591
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,178,200
96.5%
Investment Income $443,743
3.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$36,931
Net Inventory Sales $0
Other Revenue $29,013
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $525,892
4.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,927,028
26.1%
Assets/Debt
Total Assets $215,929,887
Total Liabilities $193,203,296
Net Assets $22,726,591
Compensation
Key Employees and Officers Compensation Related Other
Drema Isaac (President/Ceo) $292,789 $0 $41,292
Eric Heinrich (Cfo) $152,704 $0 $39,107
Jennifer Martines (Vice President) $115,109 $0 $1,200
Anne Lester (Vice President) $103,753 $0 $7,507
James D Ellis (Board Member) $0 $0 $0
Edward J Cotter (Vice Chairperson) $0 $0 $0
Clifford Brown (Treasurer) $0 $0 $0
Jeffrey Bruss (Secretary) $0 $0 $0
Raymond W White Jr (Chairperson) $0 $0 $0
Thomas Churchwell (Board Member) $0 $0 $0
Jonel Jakupi (Board Member) $0 $0 $0
Catherine Patyi (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 12, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,758,049
Expenses
$10,140,761
Net Income
$1,617,288
Net Assets
$21,402,540
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,060,202
94.1%
Investment Income $428,617
3.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $269,230
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $448,989
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,723,788
26.9%
Assets/Debt
Total Assets $207,913,005
Total Liabilities $186,510,465
Net Assets $21,402,540
Compensation
Key Employees and Officers Compensation Related Other
Drema Isaac (President/Ceo) $255,330 $0 $44,725
Melinda Redman (Cfo) $113,780 $0 $6,286
Jennifer Martines (Vice President) $109,255 $0 $350
Anne Lester (Vice President) $100,005 $0 $6,323
Eric Heinrich (Cfo) $26,208 $0 $2,660
James D Ellis (Board Member) $0 $0 $0
Edward J Cotter (Vice Chairperson) $0 $0 $0
Clifford Brown (Treasurer) $0 $0 $0
Jeffrey Bruss (Secretary) $0 $0 $0
Raymond W White Jr (Chairperson) $0 $0 $0
Thomas Churchwell (Board Member) $0 $0 $0
Jonel Jakupi (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on July 23, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,064,757
Expenses
$9,133,864
Net Income
$930,893
Net Assets
$19,799,222
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,499,212
94.4%
Investment Income $459,901
4.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$25,300
Net Inventory Sales $0
Other Revenue $130,944
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $410,211
4.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,405,027
26.3%
Assets/Debt
Total Assets $192,604,824
Total Liabilities $172,805,602
Net Assets $19,799,222
Compensation
Key Employees and Officers Compensation Related Other
Drema Isaac (President/Ceo) $223,145 $0 $48,140
Melinda Redman (Cfo) $120,221 $0 $18,705
James D Ellis (Board Member) $0 $0 $0
Edward J Cotter (Vice Chairperson) $0 $0 $0
Clifford Brown (Treasurer) $0 $0 $0
Jeffrey Bruss (Board Member) $0 $0 $0
Raymond W White Jr (Chairperson) $0 $0 $0
Thomas Churchwell (Board Member) $0 $0 $0
Kristi Le (Secretary) $0 $0 $0
+ View more people

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990
Filed on Nov. 13, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,334,498
Expenses
$7,961,085
Net Income
$1,373,413
Net Assets
$18,718,046
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,624,201
92.4%
Investment Income $550,492
5.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $129,840
1.4%
Net Inventory Sales $0
Other Revenue $29,965
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $848,305
10.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,095,164
26.3%
Assets/Debt
Total Assets $180,960,352
Total Liabilities $162,242,306
Net Assets $18,718,046

Document Links

990

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

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,136,318
Expenses
$6,736,878
Net Income
$1,399,440
Net Assets
$17,379,406
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,235,601
88.9%
Investment Income $710,231
8.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $11,281
0.1%
Net Fundraising $0
Sales of Assets $150,955
1.9%
Net Inventory Sales $0
Other Revenue $28,250
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $756,452
11.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,991,568
29.6%
Assets/Debt
Total Assets $175,588,735
Total Liabilities $158,209,329
Net Assets $17,379,406
Compensation
Key Employees and Officers Compensation Related Other
Drema Isaac (President/Ceo) $205,042 $0 $45,784
Melinda Redman (Cfo) $102,853 $0 $6,881
Howard Brown (Vice President) $82,452 $0 $6,514
Paula Rose (Vice President) $78,093 $0 $18,581
Crystal Gracz (Vice President) $74,285 $0 $16,506
Anne Lester (Vice President) $69,900 $0 $9,716
Peter Mancini Left 041514 (Vice President) $32,177 $0 $7,668
James D Ellis (Board Member) $0 $0 $0
Christina J Nuttall (Secretary) $0 $0 $0
Edward J Cotter (Vice Chairperson) $0 $0 $0
Clifford Brown (Treasurer) $0 $0 $0
Jeffrey Bruss (Board Member) $0 $0 $0
Raymond W White Jr (Chairperson) $0 $0 $0
James Miller Resigned 082014 (Board Member) $0 $0 $0
Thomas Churchwell (Board Member) $0 $0 $0
+ View more people

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990
Filed on Nov. 16, 2015

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,309,244
Expenses
$6,759,706
Net Income
$1,549,538
Net Assets
$15,966,327
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,263,749
87.4%
Investment Income $621,025
7.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $197,126
2.4%
Net Inventory Sales $0
Other Revenue $227,344
2.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $606,960
9.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,721,759
25.5%
Assets/Debt
Total Assets $164,498,280
Total Liabilities $148,531,953
Net Assets $15,966,327
Compensation
Key Employees and Officers Compensation Related Other
Drema Isaac (President/Ceo) $211,676 $0 $34,273
Melinda Redman (Vice President) $91,352 $0 $7,275
Crystal Gracz (Vice President) $71,326 $0 $12,813
Paula Rose (Vice President) $66,631 $0 $8,267
Peter Mancini (Vice President) $41,374 $0 $5,272
Joeseph Hallman (Former Vice President) $27,267 $0 $2,708
Howard Brown (Vice President) $26,726 $0 $0
Joseph D Kay (Former Chairperson) $0 $0 $0
James D Ellis (Vice Chairperson) $0 $0 $0
Christina J Nuttall (Secretary) $0 $0 $0
Edward J Cotter (Board Member) $0 $0 $0
Raymond W White Jr (Chairperson) $0 $0 $0
Clifford Brown (Treasurer) $0 $0 $0
Jeffrey Bruss (Board Member) $0 $0 $0
James Miller (Board Member) $0 $0 $0
+ View more people

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990
Filed on Aug. 19, 2014

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,447,188
Expenses
$6,484,835
Net Income
$1,962,353
Net Assets
$14,967,746
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,705,380
91.2%
Investment Income $595,648
7.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$53,528
Net Inventory Sales $0
Other Revenue $199,688
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $472,550
7.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,620,116
25.0%
Assets/Debt
Total Assets $156,093,439
Total Liabilities $141,125,693
Net Assets $14,967,746

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,617,533
Expenses
$7,616,692
Net Income
$1,000,841
Net Assets
$12,577,271
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,126,335
94.3%
Investment Income $520,982
6.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$212,804
Net Inventory Sales $0
Other Revenue $183,020
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $495,032
6.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,316,847
17.3%
Assets/Debt
Total Assets $148,244,695
Total Liabilities $135,667,424
Net Assets $12,577,271

Document Links

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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 »

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 »

Byline

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.

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