NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

ALPENA, MI

Total revenue

$50.0M

Total expenses

$39.3M

Net assets

$98.4M

Grants received

EIN

381461385

Tax year

2024

Mission

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

Programs

2 programs

Provide 32,534 loans including home equity, mortgage, vehicle, line of credit, overdraft protection, signature, credit card and commercial loans with aggregate loan balances that approximated $511,818,000 as of december 31, 2024.

Offer automated teller machines, debit cards, safe deposit boxes, money orders/cashier's checks, overdraft privilege, online/mobile banking services including bill pay and remote deposit, financial counseling, in-school branches and various insurance programs to all eligible members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$35.9M
Investment income$13.9M
Other revenue$189K
Total revenue$50.0M

Expenses

Grants paid$25K
Salaries & benefits$11.3M
Fundraising
Other expenses$28.0M
Total expenses$39.3M
Total assets$861.4M
Net assets$98.4M

People

18 listed

NameRoleCompensation

DONALD J MILLS

PRESIDENT/CEO

Board

$549K

40 hrs/wk

JAMIE QUICK

DIRECTOR OF ACCOUNTING

Board

$114K

40 hrs/wk

MARK DEVERS

ASSOCIATE BOARD MEMBER

Board

2 hrs/wk

JAMES GORMAN

ASSOCIATE BOARD MEMBER

Board

2 hrs/wk

CHARLIE NEGRO

CHAIRPERSON

Board

2 hrs/wk

ANNE WIRGAU

DIRECTOR

Board

2 hrs/wk

SCOTT MCLENNAN

DIRECTOR

Board

2 hrs/wk

SHEILA PANKNIN

VICE CHAIRPERSON

Board

2 hrs/wk

TERRY NELKIE

TREASURER

Board

2 hrs/wk

BRIAN SHUMAKER

SECRETARY

Board

2 hrs/wk

MICHELLE CORNISH

DIRECTOR

Board

2 hrs/wk

ANN MARTIN

DIRECTOR

Board

2 hrs/wk

JAMES MCNEIL

DIRECTOR

Board

2 hrs/wk

BARBARA MILLS

CXO

Staff

$236K

40 hrs/wk

ANGELA SZATKOWSKI

COO

Staff

$209K

40 hrs/wk

ANNAH ORBAN

MORTGAGE ORIGINATOR

Staff

$202K

40 hrs/wk

SHEILA LING

MORTGAGE ORIGINATOR

Staff

$138K

40 hrs/wk

JEROME SCHMIDT

COMMERCIAL LOAN OFFICER

Staff

$137K

40 hrs/wk

Independent contractors

CUANSWERS

DATA PROCESSING

$1.3M

DIEBOLD NIXDORF

ATM SERVICING

$166K

FACTUAL DATA

CREDIT REPORTS

$127K

DELL MARKETING LP

TECH & EQUIPMENT

$127K

NEIGHBORHOOD MORTGAGE SOLUTIONS

MORTGAGE SERVICING

$110K

Details

EIN381461385
Subsection14
Ruling date1956-10
Formed1953
Employees177
Volunteers15
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo