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Credit Unions Chartered In The State Of Michigan

942 First Area 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
$1.58M (2023)

Expenses
$1.51M (2023)

Total Assets
$41.4M (2023)

Total Liabilities
$39M (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
$1,583,444
Expenses
$1,508,250
Net Income
$75,194
Net Assets
$2,365,626
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,159,686
73.2%
Investment Income $423,758
26.8%
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 $125,846
8.3%
Professional Fundraising Fees $0
Other Salaries and Wages $311,155
20.6%
Assets/Debt
Total Assets $41,370,226
Total Liabilities $39,004,600
Net Assets $2,365,626
Compensation
Key Employees and Officers Compensation Related Other
Lynn Mccoy (Ceo) $107,300 $0 $18,546
Cari Shanks (Secretary) $0 $0 $0
Linda Parson (Director) $0 $0 $0
Beverly Lumsden (Director) $0 $0 $0
James Theisen Jr (Chairman) $0 $0 $0
Matthew Wurtzel (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,424,449
Expenses
$1,267,614
Net Income
$156,835
Net Assets
$1,933,445
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,097,797
77.1%
Investment Income $326,652
22.9%
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 $119,591
9.4%
Professional Fundraising Fees $0
Other Salaries and Wages $289,021
22.8%
Assets/Debt
Total Assets $44,580,717
Total Liabilities $42,647,272
Net Assets $1,933,445
Compensation
Key Employees and Officers Compensation Related Other
Lynn Mc Coy (Ceo) $99,893 $0 $19,698
Cari Shanks (Chairperson) $0 $0 $0
Linda Parson (Vice Chair) $0 $0 $0
Beverly Lumsden (Director) $0 $0 $0
James Theisen Jr (Secretary) $0 $0 $0
Matthew Wurtzel (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,377,061
Expenses
$1,369,209
Net Income
$7,852
Net Assets
$3,383,103
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,198,683
87.0%
Investment Income $205,891
15.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$27,513
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $106,174
7.8%
Professional Fundraising Fees $0
Other Salaries and Wages $302,882
22.1%
Assets/Debt
Total Assets $44,790,042
Total Liabilities $41,406,939
Net Assets $3,383,103
Compensation
Key Employees and Officers Compensation Related Other
Lynn Mc Coy (Ceo) $92,308 $0 $13,866
Cari Shanks (Chairperson) $0 $0 $0
Linda Parson (Vice Chair) $0 $0 $0
Beverly Lumsden (Director) $0 $0 $0
James Theisen Jr (Secretary) $0 $0 $0
Matthew Wurtzel (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,408,913
Expenses
$1,333,451
Net Income
$75,462
Net Assets
$3,838,065
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,241,973
88.2%
Investment Income $166,940
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 $97,578
7.3%
Professional Fundraising Fees $0
Other Salaries and Wages $278,733
20.9%
Assets/Debt
Total Assets $38,389,981
Total Liabilities $34,551,916
Net Assets $3,838,065
Compensation
Key Employees and Officers Compensation Related Other
Lynn Mc Coy (Ceo) $78,963 $0 $18,615
Cari Shanks (Chairperson) $0 $0 $0
Linda Parson (Vice Chair) $0 $0 $0
Beverly Lumsden (Director) $0 $0 $0
James Theisen Jr (Secretary) $0 $0 $0
Matthew Wurtzel (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,530,202
Expenses
$1,435,962
Net Income
$94,240
Net Assets
$3,692,189
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,355,127
88.6%
Investment Income $175,075
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 $91,795
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $272,137
19.0%
Assets/Debt
Total Assets $30,454,906
Total Liabilities $26,762,717
Net Assets $3,692,189
Compensation
Key Employees and Officers Compensation Related Other
Lynn Mc Coy (Ceo) $73,997 $0 $17,798
Cari Shanks (Chairman) $0 $0 $0
Linda Parson (Vice Chairman) $0 $0 $0
Beverly Lumsden (Director) $0 $0 $0
James Theisen Jr (Secretary) $0 $0 $0
Matthew Wurtzel (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,485,590
Expenses
$1,375,981
Net Income
$109,609
Net Assets
$3,385,851
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,324,328
89.1%
Investment Income $174,810
11.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$21,255
Net Inventory Sales $0
Other Revenue $7,707
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $89,470
6.5%
Professional Fundraising Fees $0
Other Salaries and Wages $245,131
17.8%
Assets/Debt
Total Assets $30,180,529
Total Liabilities $26,794,678
Net Assets $3,385,851
Compensation
Key Employees and Officers Compensation Related Other
Lynn Mc Coy (Ceo) $71,997 $0 $17,473
Cari Shanks (Chairman) $0 $0 $0
David Thompson (Vice Chairman) $0 $0 $0
Beverly Lumsden (Director) $0 $0 $0
James Theisen Jr (Secretary) $0 $0 $0
Matthew Wurtzel (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,409,544
Expenses
$1,383,193
Net Income
$26,351
Net Assets
$3,388,973
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,294,023
91.8%
Investment Income $114,753
8.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,310
Net Inventory Sales $0
Other Revenue $2,078
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $86,783
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $223,164
16.1%
Assets/Debt
Total Assets $29,873,172
Total Liabilities $26,484,199
Net Assets $3,388,973
Compensation
Key Employees and Officers Compensation Related Other
Lynn Mc Coy (Ceo) $70,156 $0 $16,627
Cari Shanks (Chairman) $0 $0 $0
David Thompson (Vice Chairman) $0 $0 $0
Beverly Lumsden (Director) $0 $0 $0
Gerald Wieneke (Secretary) $0 $0 $0
Matthew Wurtzel (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,305,473
Expenses
$1,223,397
Net Income
$82,076
Net Assets
$3,358,233
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,235,537
94.6%
Investment Income $93,529
7.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$27,469
Net Inventory Sales $0
Other Revenue $3,876
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $83,937
6.9%
Professional Fundraising Fees $0
Other Salaries and Wages $232,658
19.0%
Assets/Debt
Total Assets $29,716,297
Total Liabilities $26,358,064
Net Assets $3,358,233
Compensation
Key Employees and Officers Compensation Related Other
Lynn Mc Coy (Ceo) $67,090 $0 $16,847
Cari Shanks (Chairman) $0 $0 $0
David Thompson (Vice Chairman) $0 $0 $0
Beverly Lumsden (Director) $0 $0 $0
Gerald Wieneke (Secretary) $0 $0 $0
Matthew Wurtzel (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,219,660
Expenses
$1,139,928
Net Income
$79,732
Net Assets
$3,314,227
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,135,764
93.1%
Investment Income $77,996
6.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,900
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $76,681
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $227,351
19.9%
Assets/Debt
Total Assets $28,633,332
Total Liabilities $25,319,105
Net Assets $3,314,227
Compensation
Key Employees and Officers Compensation Related Other
Lynn Mc Coy (Ceo) $63,759 $0 $12,922
Cari Shanks (Chairman) $0 $0 $0
David Thompson (Vice Chairman) $0 $0 $0
Beverly Lumsden (Director) $0 $0 $0
Gerald Wieneke (Secretary) $0 $0 $0
Matthew Wurtzel (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,171,897
Expenses
$1,055,066
Net Income
$116,831
Net Assets
$3,215,648
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,105,518
94.3%
Investment Income $62,859
5.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,520
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $64,392
6.1%
Professional Fundraising Fees $0
Other Salaries and Wages $216,803
20.5%
Assets/Debt
Total Assets $27,733,904
Total Liabilities $24,518,256
Net Assets $3,215,648
Compensation
Key Employees and Officers Compensation Related Other
Lynn Mc Coy (Ceo) $64,392 $0 $0
Cari Shanks (Chairman) $0 $0 $0
David Thompson (Vice Chairman) $0 $0 $0
Beverly Lumsden (Director) $0 $0 $0
Gerald Wieneke (Secretary) $0 $0 $0
Matthew Wurtzel (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,211,176
Expenses
$1,039,596
Net Income
$171,580
Net Assets
$3,116,132
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,148,482
94.8%
Investment Income $57,818
4.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,876
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $56,881
5.5%
Professional Fundraising Fees $0
Other Salaries and Wages $251,492
24.2%
Assets/Debt
Total Assets $28,075,070
Total Liabilities $24,958,938
Net Assets $3,116,132
Compensation
Key Employees and Officers Compensation Related Other
Lynn Mc Coy (Ceo) $56,881 $0 $0
Matthew Wurtzel (Director) $0 $0 $0
Cari Shanks (Chairman) $0 $0 $0
David Thompson (Vice Chairman) $0 $0 $0
Anthony Czymbor (Treasurer) $0 $0 $0
Gerald Wieneke (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,269,947
Expenses
$1,062,722
Net Income
$207,225
Net Assets
$2,972,973
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,201,925
94.6%
Investment Income $62,274
4.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,748
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $115,991
10.9%
Professional Fundraising Fees $0
Other Salaries and Wages $204,706
19.3%
Assets/Debt
Total Assets $26,508,753
Total Liabilities $23,535,780
Net Assets $2,972,973

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,241,758
Expenses
$1,042,677
Net Income
$199,081
Net Assets
$2,777,534
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,164,808
93.8%
Investment Income $69,292
5.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,658
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $107,332
10.3%
Professional Fundraising Fees $0
Other Salaries and Wages $189,109
18.1%
Assets/Debt
Total Assets $26,201,569
Total Liabilities $23,424,035
Net Assets $2,777,534

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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