NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

BAY CITY, MI

Total revenue

$5.9M

Total expenses

$5.4M

Net assets

$6.6M

Grants received

EIN

381435020

Tax year

2024

Mission

It is the mission of the board of directors and staff of copoco community credit union to provide excellence in service, helping each member realize their financial goals and dreams.

Programs

2 programs

The credit union provides a variety of loans to members including real estate, credit card, and vehicle. The total number of loans outstanding as of december 31, 2024 was 5,335.

The credit union offers atm services, check cashing, wire transfers, insurance/investment sales, bill pay, overdraft/courtsey pay, financial education, gift cards, money orders, and electronic fund transfers to all eligible members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$4.9M
Investment income$1.1M
Other revenue$11K
Total revenue$5.9M

Expenses

Grants paid
Salaries & benefits$1.8M
Fundraising
Other expenses$3.6M
Total expenses$5.4M
Total assets$101.6M
Net assets$6.6M

People

11 listed

NameRoleCompensation

DOREEN SMITH

CEO (THROUGH 10/31/24)

Board

$103K

40 hrs/wk

KENDRA CHRISTENSEN

COO

Board

$82K

40 hrs/wk

CHRISTOPHER HENNESSY

BOD MEMBER

Board

1 hrs/wk

JOSEPH WESPISER

BOD MEMBER

Board

1 hrs/wk

ALAN SHURKEY

BOD CHAIRPERSON

Board

1 hrs/wk

JOHN TIPPMAN

BOD VICE CHAIRPERSON

Board

1 hrs/wk

SEAN KELLY

BOD SECRETARY

Board

1 hrs/wk

TREVOR KEYES

BOD TREASURER

Board

1 hrs/wk

HAROLD MILLER

BOD MEMBER

Board

1 hrs/wk

RONALD O'CONNOR

SUPERVISORY COMMITTEE CHAIR

Board

1 hrs/wk

MERI SUE ENGERS

BOD CHAIRPERSON

Board

1 hrs/wk

Independent contractors

FISERV

CORE PROCESSING

$449K

YEO & YEO TECHNOLOGY

MANAGED TECHNOLOGY SERVICES

$112K

Details

EIN381435020
Subsection14
Ruling date1956-10
Formed1951
Employees41
Volunteers9