NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

MARSHALL, MI

Total revenue

$21.6M

Total expenses

$17.2M

Net assets

$50.8M

Grants received

EIN

381444840

Tax year

2024

Mission

To provide financial services to member owners with a common bond.

Programs

3 programs

Provide 8,250 loans including vehicle, other consumer, unsecured, mortgage, home equity, commercial, credit card, youth and construction loans. Service 1,564 loans sold to the secondary market.

Offer insurance and financial advisory services. Insurance offered includes ad&d, gap, credit life & disability, and mechanical breakdown coverage. Also offer property & casualty and ancillary insurance lines via mccu insurance agency, llc . Financial advisory services offered via independent financial advisors.

Miscellaneous services: atms, money orders, wire transfers, safe deposit boxes, notary service, medallion signature guarantees, bill pay, coin counters, cu in school branches, mobile deposit, merchant card processing, land contract servicing, financial counseling. This list is not all-inclusive.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$19.0M
Investment income$2.6M
Other revenue
Total revenue$21.6M

Expenses

Grants paid$71K
Salaries & benefits$5.5M
Fundraising
Other expenses$11.6M
Total expenses$17.2M
Total assets$330.7M
Net assets$50.8M

People

14 listed

NameRoleCompensation

CORRIE ROZELL

CEO

Board

$326K

40 hrs/wk

MELISSA SEAVOLT

COO

Board

$162K

40 hrs/wk

JULIE ZINK

CFO

Board

$152K

40 hrs/wk

JOHN MCKENZIE

VP OF INFORMATION TECHNOLO

Board

$148K

40 hrs/wk

LISA DAMRON

TREASURER

Board

1 hrs/wk

PAUL WATSON

DIRECTOR

Board

1 hrs/wk

FRANK CABRERA

DIRECTOR

Board

1 hrs/wk

MARK GARAVALIA

CHAIRPERSON

Board

1 hrs/wk

WILLIAM CLAYBORN

DIRECTOR

Board

1 hrs/wk

VAUGHN FRENTZ

DIRECTOR - PARTIAL YEAR

Board

1 hrs/wk

LUCY BLAIR HOUGH

DIRECTOR

Board

1 hrs/wk

MICHAEL DARLING

VICE CHAIRPERSON - PARTIAL YEAR

Board

1 hrs/wk

ASHLEY IOVIENO

VICE CHAIRPERSON - DIRECTOR PARTIAL YEAR

Board

1 hrs/wk

JERRY BAREMOR

SECRETARY

Board

1 hrs/wk

Details

EIN381444840
Subsection14
Ruling date1956-10
Formed1951
Employees88
Volunteers9
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo