NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

STERLING HTS, MI

Total revenue

$5.7M

Total expenses

$5.4M

Net assets

$13.9M

Grants received

EIN

381406340

Tax year

2024

Mission

To provide our members with an innovative and quality full service financial system.

Programs

2 programs

Offer automateed teller machines, debit cards, check cashing, bill payments, wire transfers and various insurance programs to our members.

Provide 3,664 loans including vehicle, signature, credit card, mortgage, home equity, overdraft protection and recreational vehicle. Total outstanding loans approximated $45,617,000 as of december 31, 2024

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$4.3M
Investment income$1.3M
Other revenue
Total revenue$5.7M

Expenses

Grants paid
Salaries & benefits$2.0M
Fundraising
Other expenses$3.3M
Total expenses$5.4M
Total assets$102.9M
Net assets$13.9M

People

11 listed

NameRoleCompensation

JOE HALLMAN

PRESIDENTCEO

Board

$214K

40 hrs/wk

ROY MACDONALD

LENDING MANAGER

Board

$96K

40 hrs/wk

H FRANK VOELKER

ACCOUNTING MANAGER

Board

$86K

40 hrs/wk

JOSEPH CUSENZA

CHAIRPERSON

Board

1 hrs/wk

JIMMIE COLE

VICE CHAIRPERSON

Board

1 hrs/wk

NICOLE DIDA

TREASURER

Board

1 hrs/wk

ROBERT GOWATCH

DIRECTOR

Board

1 hrs/wk

JOHN LISS

DIRECTOR

Board

1 hrs/wk

MICHAEL WAGNER

DIRECTOR

Board

1 hrs/wk

DAVID BRYANT

DIRECTOR

Board

1 hrs/wk

SHERRY LAWFIELD

VP RETAIL OPERATIONS

Staff

$110K

40 hrs/wk

Independent contractors

CO-OP FINANCIAL SERVICES INC

ATM AND SHARED BRA

$310K

CORELATION INC

CORE SOFTWARE

$230K

KASASA LTD

CONSULTING SERVICE

$162K

Details

EIN381406340
Subsection14
Ruling date1956-10
Formed1949
Employees27
Volunteers10
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo