NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

FARMINGTON, MI

Total revenue

$22.2M

Total expenses

$18.4M

Net assets

$37.1M

Grants received

EIN

380549595

Tax year

2024

Mission

To provide financial services to member owners

Programs

2 programs

Provide 14,142 loans including vehicle, mortgages, home equity, commercial/business, unsecured, and credit cards totaling $254,807,097.

Offer debit cards, digital banking, automated teller machines, wire transfers, various insurance products, and wealth management.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$17.5M
Investment income$4.8M
Other revenue
Total revenue$22.2M

Expenses

Grants paid
Salaries & benefits$7.8M
Fundraising
Other expenses$10.6M
Total expenses$18.4M
Total assets$445.9M
Net assets$37.1M

People

21 listed

NameRoleCompensation

STEPHEN P GRECH

PRESIDENT/CEO

Board

$302K

40 hrs/wk

JONATHON ELLIOTT

SENIOR EVP

Board

$224K

40 hrs/wk

KARI CIARAMITARO

EVP FINANCE

Board

$187K

40 hrs/wk

NATALIE CLEMONS

DIRECTOR

Board

1 hrs/wk

MICHAEL LASLEY

CHAIRPERSON

Board

1 hrs/wk

PAUL WYDENDORF

DIRECTOR

Board

1 hrs/wk

PATRICK MONTI

DIRECTOR

Board

1 hrs/wk

PAUL J RENKO JR

V. CHAIRPERSON

Board

1 hrs/wk

PAUL HAIN

SECRETARY

Board

1 hrs/wk

DALE COUNTEGAN

TREASURER

Board

1 hrs/wk

ANNE SCHROEDER

DIRECTOR

Board

1 hrs/wk

BETTY RICHARDS

DIRECTOR

Board

1 hrs/wk

DAVID DRAKE

DIRECTOR

Board

1 hrs/wk

DOMENIC LAURIA

DIRECTOR

Board

1 hrs/wk

MICHAEL CONNOLLY

DIRECTOR

Board

1 hrs/wk

CHRISTENA KOESTER

EVP OPERATIONS AND TECHNOLOGY

Staff

$187K

40 hrs/wk

WILLIAM COOK

VP OF REAL ESTATE LENDING

Staff

$166K

40 hrs/wk

DARIN BENTLEY

VP & CHIEF INFORMATION OFFICER

Staff

$165K

40 hrs/wk

MARC BUCHANAN

VP & CHIEF MARKETING/DIGITAL BANKING OFFICER

Staff

$152K

40 hrs/wk

KIMBERLY HAGSTROM

VP & CHIEF FINANCIAL OFFICER

Staff

$144K

40 hrs/wk

JOHN SCOTT

VP & CHIEF LENDING OFFICER

Staff

$118K

40 hrs/wk

Independent contractors

MDT

DATA PROCESSING

$756K

VELERACO-OP

CARD PROCESSING

$650K

ALKAMI

DIGITAL BANKING

$418K

DIGMED LLC DBA WHITE64

MARKETING/LOAN & NEW ACCOUNT SOFTWARE

$357K

XFER COMMUNICATIONS

IT & NETWORK

$169K

Details

EIN380549595
Subsection14
Ruling date1956-10
Formed1935
Employees125
Volunteers13
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo