NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

WYANDOTTE, MI

Total revenue

$12.7M

Total expenses

$11.4M

Net assets

$26.2M

Grants received

EIN

381295875

Tax year

2024

Mission

Michigan legacy credit union is a financial institution cooperative organized to provide loan and deposit products and services to its member owners.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$11.9M
Investment income$807K
Other revenue
Total revenue$12.7M

Expenses

Grants paid
Salaries & benefits$4.9M
Fundraising
Other expenses$6.6M
Total expenses$11.4M
Total assets$209.5M
Net assets$26.2M

People

13 listed

NameRoleCompensation

Carma Peters

CEO

Board

$447K

40 hrs/wk

Gary Leach

COO

Board

$431K

40 hrs/wk

Bruce Crossman

Director

Board

1 hrs/wk

John Wist

Director

Board

1 hrs/wk

Jonathan Barroso

Director

Board

1 hrs/wk

Ellen Samyn

Director

Board

1 hrs/wk

Jeanette McComb

Director

Board

1 hrs/wk

Kevin Golden

Director

Board

1 hrs/wk

Ronald Grobbel

Director

Board

1 hrs/wk

Dennis David

Director

Board

1 hrs/wk

Christina Hudzinski

VP of HR and Training

Staff

$121K

40 hrs/wk

Pat Esper

VP of Asset Recovery

Staff

$112K

40 hrs/wk

Chad Rich

VP of Data Analytics

Staff

$110K

40 hrs/wk

Independent contractors

CUANSWERS

DATA PROCESSOR

$522K

CO-OP SOLUTIONS

CARD PROCESSING

$381K

XFER COMMUNICATIONS

IT/NETWORK SOLUTIONS

$300K

VELARA formerly a part of Co-op Solutions

Card Processor / Shared Branching

$132K

FORVIS MAZARS

AUDIT SERVICES

$124K

Details

EIN381295875
Subsection14
Ruling date1956-10
Formed1946
Employees88
Volunteers8
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo