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Credit Unions Chartered In The State Of Michigan

770 Soo Co Op Cr Un

Organization summary

Type of Nonprofit

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

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$13.7M (2023)

Expenses
$11M (2023)

Total Assets
$259M (2023)

Total Liabilities
$232M (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

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,688,606
Expenses
$11,044,405
Net Income
$2,644,201
Net Assets
$27,512,979
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,294,219
89.8%
Investment Income $1,394,387
10.2%
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 $319,321
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $3,249,328
29.4%
Assets/Debt
Total Assets $259,141,916
Total Liabilities $231,628,937
Net Assets $27,512,979
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lynda Ellis (President/Ce) $118,183 $0 $11,143
Melissa Mcclendon (Vice Preside) $83,216 $0 $5,363
Joy Hill (Chief Financ) $75,985 $0 $7,417
Steven Rogers (Director & E) $17,655 $0 $359
Edwin Cook (Chairperson) $0 $0 $0
Monica Hoolsema (Director) $0 $0 $0
Lori Langendorf (Treasurer) $0 $0 $0
Jo Anne Lussier (Secretary) $0 $0 $0
Jim Rose (Director) $0 $0 $0
Tom Thoresen (Vice Chairpe) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,817,651
Expenses
$9,544,273
Net Income
$2,273,378
Net Assets
$23,742,504
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,419,195
88.2%
Investment Income $1,398,456
11.8%
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 $307,777
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,080,158
32.3%
Assets/Debt
Total Assets $248,562,285
Total Liabilities $224,819,781
Net Assets $23,742,504
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lynda Ellis (President/Ce) $113,883 $0 $10,484
Melissa Mcclendon (Vice Preside) $75,957 $0 $9,215
Joy Hill (Chief Financ) $73,704 $0 $6,487
Steven Rogers (Director & E) $17,694 $0 $353
Edwin Cook (Chairperson) $0 $0 $0
Lori Langendorf (Treasurer) $0 $0 $0
Jo Anne Lussier (Secretary) $0 $0 $0
Jim Rose (Director) $0 $0 $0
Tom Thoresen (Vice Chairpe) $0 $0 $0
Laura Weston (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,761,200
Expenses
$8,754,124
Net Income
$2,007,076
Net Assets
$28,982,274
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,881,907
91.8%
Investment Income $879,293
8.2%
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 $381,220
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,828,046
32.3%
Assets/Debt
Total Assets $257,417,811
Total Liabilities $228,435,537
Net Assets $28,982,274
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lynda Ellis (President/Chief Executive) $117,794 $0 $38,431
Melissa Mcclendon (Vice President) $81,250 $0 $28,932
Joy Hill (Chief Financial Officer) $80,444 $0 $17,472
Steven Rogers (Director & Employee) $17,854 $0 $2,141
Edwin Cook (Chairperson) $0 $0 $0
Tom Thoresen (Vice Chairperson) $0 $0 $0
Jo Anne Lussier (Secretary) $0 $0 $0
Lori Langendorf (Treasurer) $0 $0 $0
Laura Weston (Director) $0 $0 $0
Jim Rose (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,478,759
Expenses
$8,356,103
Net Income
$2,122,656
Net Assets
$28,385,924
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,694,544
92.5%
Investment Income $784,215
7.5%
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 $365,558
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,620,556
31.4%
Assets/Debt
Total Assets $229,537,741
Total Liabilities $201,151,817
Net Assets $28,385,924
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lynda Ellis (President/Chief Executive) $110,634 $0 $35,627
Joy Hill (Chief Financial Officer) $72,806 $0 $16,013
Melissa Mcclendon (Vice President) $70,609 $0 $35,863
Steven Rogers (Director & Employee) $17,854 $0 $2,141
Tom Thoresen (Chairperson) $0 $0 $0
Edwin Cook (Vice Chairperson) $0 $0 $0
Laura Weston (Secretary) $0 $0 $0
Jim Rose (Treasurer) $0 $0 $0
Jo Anne Lussier (Director) $0 $0 $0
Lori Langendorf (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,968,727
Expenses
$8,567,971
Net Income
$2,400,756
Net Assets
$25,742,197
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,026,374
91.4%
Investment Income $942,353
8.6%
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 $355,748
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,698,597
31.5%
Assets/Debt
Total Assets $183,957,841
Total Liabilities $158,215,644
Net Assets $25,742,197
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lynda Ellis (President/Chief Executive) $108,482 $0 $34,946
Joy Hill (Chief Financial Officer) $70,551 $0 $15,605
Melissa Mcclendon (Vice President) $67,756 $0 $35,933
Steven Rogers (Director & Employee) $17,854 $0 $357
Tom Thoresen (Chairperson) $0 $0 $0
Edwin Cook (Vice Chairperson) $0 $0 $0
Laura Weston (Secretary) $0 $0 $0
Jim Rose (Treasurer) $0 $0 $0
Jo Anne Lussier (Director) $0 $0 $0
Lori Langendorf (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,352,829
Expenses
$8,163,413
Net Income
$2,189,416
Net Assets
$22,742,807
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,548,354
92.2%
Investment Income $802,822
7.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,653
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $340,192
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,403,918
29.4%
Assets/Debt
Total Assets $174,429,795
Total Liabilities $151,686,988
Net Assets $22,742,807
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lynda Ellis (President/Chief Executive Officer) $104,331 $0 $34,113
Joy Hill (Chief Financial Officer) $66,688 $0 $14,629
Melissa Mcclendon (Vice President) $66,408 $0 $33,223
Steven Rogers (Director & Employee) $17,374 $0 $347
Tom Thoresen (Chairperson) $0 $0 $0
Edwin Cook (Vice Chairperson) $0 $0 $0
Laura Weston (Secretary) $0 $0 $0
Jim Rose (Treasurer) $0 $0 $0
Jo Anne Lussier (Director) $0 $0 $0
Lori Langendorf (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,644,809
Expenses
$7,531,579
Net Income
$2,113,230
Net Assets
$20,554,670
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,882,522
92.1%
Investment Income $688,302
7.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $286
0.0%
Net Inventory Sales $0
Other Revenue $73,699
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $332,347
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,159,001
28.7%
Assets/Debt
Total Assets $170,703,682
Total Liabilities $150,149,012
Net Assets $20,554,670
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lynda Ellis (President/Chief Executive Officer) $100,392 $0 $34,451
Joy Hill (Chief Financial Officer) $64,027 $0 $14,906
Melissa Mcclendon (Vice President) $62,737 $0 $33,916
Steven Rogers (Director & Employee) $17,374 $0 $2,085
James Langendorf (Chairperson) $0 $0 $0
Tom Thoresen (Vice Chairperson) $0 $0 $0
Laura Weston (Secretary) $0 $0 $0
Jim Rose (Treasurer) $0 $0 $0
Jo Anne Lussier (Director) $0 $0 $0
Edwin Cook (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,881,456
Expenses
$7,010,505
Net Income
$1,870,951
Net Assets
$18,415,908
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,265,767
93.1%
Investment Income $614,620
6.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,069
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $333,722
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,097,667
29.9%
Assets/Debt
Total Assets $164,420,120
Total Liabilities $146,004,212
Net Assets $18,415,908
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lynda Ellis (President/Chief Executive) $101,396 $0 $49,104
Melissa Mcclendon (Vice President) $59,320 $0 $33,523
Joy Hill (Chief Financial Officer) $56,318 $0 $14,185
Steven Rogers (Director) $17,417 $0 $0
James Langendorf (Chairperson) $0 $0 $0
Tom Thoresen (Vice Chairperson) $0 $0 $0
Laura Weston (Secretary) $0 $0 $0
Jim Rose (Treasurer) $0 $0 $0
Jo Anne Lussier (Director) $0 $0 $0
Edwin Cook (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,197,848
Expenses
$7,681,929
Net Income
$515,919
Net Assets
$16,793,511
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,854,503
95.8%
Investment Income $343,345
4.2%
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 $311,664
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,096,722
27.3%
Assets/Debt
Total Assets $160,407,039
Total Liabilities $143,613,528
Net Assets $16,793,511
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lynda Ellis (President/Chief Executive Officer) $99,591 $0 $37,328
Melissa Mcclendon (Vice President) $57,971 $0 $32,020
Joy Hill (Chief Financial Officer) $54,758 $0 $13,555
Steven Rogers (Director) $13,983 $0 $0
Tom Thoresen (Chairperson) $0 $0 $0
James Langendorf (Vice Chairperson) $0 $0 $0
Laura Weston (Secretary) $0 $0 $0
Jim Rose (Treasurer) $0 $0 $0
Jo Anne Lussier (Director) $0 $0 $0
Edwin Cook (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,424,418
Expenses
$7,964,100
Net Income
$460,318
Net Assets
$16,299,239
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,157,002
96.8%
Investment Income $267,416
3.2%
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 $320,354
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,031,484
25.5%
Assets/Debt
Total Assets $153,742,122
Total Liabilities $137,442,883
Net Assets $16,299,239
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lynda Ellis (President/Chief Executive Officer) $98,873 $0 $49,072
Melissa Mcclendon (Vice President) $58,941 $0 $31,160
Joy Hill (Chief Financial Officer) $55,375 $0 $13,733
Steven Rogers (Director) $13,200 $0 $0
James Langendorf (Chairperson) $0 $0 $0
Tom Thoresen (Vice Chairperson) $0 $0 $0
Laura Weston (Secretary) $0 $0 $0
Jim Rose (Treasurer) $0 $0 $0
Jo Anne Lussier (Director) $0 $0 $0
Edwin Cook (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,580,863
Expenses
$7,797,069
Net Income
$783,794
Net Assets
$15,864,141
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,188,268
95.4%
Investment Income $171,235
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $221,360
2.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $316,246
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,087,553
26.8%
Assets/Debt
Total Assets $147,284,739
Total Liabilities $131,420,598
Net Assets $15,864,141
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lynda Ellis (President/Chief Executive Officer) $93,727 $0 $72,043
Melissa Mcclendon (Vice President) $55,998 $0 $29,064
Joy Hill (Chief Financial Officer) $52,125 $0 $13,289
Steven Rogers (Director) $13,200 $0 $0
James Langendorf (Chairperson) $0 $0 $0
Tom Thoresen (Vice Chairperson) $0 $0 $0
Laura Weston (Secretary) $0 $0 $0
Jim Rose (Treasurer) $0 $0 $0
Jo Anne Lussier (Director) $0 $0 $0
Edwin Cook (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,489,783
Expenses
$7,536,719
Net Income
$953,064
Net Assets
$15,776,919
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,079,031
95.2%
Investment Income $128,041
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $282,711
3.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $210,587
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,045,222
27.1%
Assets/Debt
Total Assets $139,547,789
Total Liabilities $123,770,870
Net Assets $15,776,919

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,603,837
Expenses
$7,676,671
Net Income
$927,166
Net Assets
$14,741,740
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,216,178
95.5%
Investment Income $66,367
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $321,292
3.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $204,080
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,905,648
24.8%
Assets/Debt
Total Assets $129,855,899
Total Liabilities $115,114,159
Net Assets $14,741,740

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 »

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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