NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

BROWNSTOWN, MI

Total revenue

$18.7M

Total expenses

$16.0M

Net assets

$23.4M

Grants received

$14K

1 grants

EIN

381475121

Tax year

2024

Mission

The mission of advantage one credit union is to operate in a safe and sound manner while meeting the financial needs of its membership.

Programs

2 programs

Debit cards - as of 12/31/2024, advantage one cu had 11,620 debit cards representing 64.74% of total members. The associated expense with the program was $819,291, excluding wages and benefits.

Home banking and bill pay - advantage one cu has 12,096 online banking users and 838 bill pay users representing 68% and 5% of total members, respectively. Not including wages and benefits, associated program expenses totalled $399,752 in 2024.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$17.2M
Investment income$1.5M
Other revenue$31K
Total revenue$18.7M

Expenses

Grants paid$10K
Salaries & benefits$4.9M
Fundraising
Other expenses$11.1M
Total expenses$16.0M
Total assets$252.9M
Net assets$23.4M

People

13 listed

NameRoleCompensation

CHRISTOPHER CORKERY

CEO

Board

$354K

55 hrs/wk

NICHOLAS SCHMITTER

CLO

Board

$171K

55 hrs/wk

TRACY SCOTT KREINBRING

CFO

Board

$165K

55 hrs/wk

RICHARD E LINDEMANN

CHAIRPERSON

Board

1 hrs/wk

BOBBY WALTERS

DIRECTOR

Board

1 hrs/wk

MARK RAGSDALE

VICE CHAIRPERSON

Board

1 hrs/wk

ANTHONY PASCARELLA

SECRETARY

Board

1 hrs/wk

ROBERT J MATTERN

TREASURER

Board

1 hrs/wk

MARTIN BERTERA

DIRECTOR

Board

1 hrs/wk

SUSAN TRUSSEL

DIRECTOR

Board

1 hrs/wk

ALAN FREY

CIO

Staff

$135K

45 hrs/wk

JESSICA SAWYER

VP OF MEMBER EXPERIENCE

Staff

$112K

45 hrs/wk

SARAH RITCHIE

VP OF HUMAN RESOURCES

Staff

$103K

45 hrs/wk

Independent contractors

LEVEL5 LLC

DESIGN AND BUILD

$1.6M

VELERA

DR AND CR PROCESSING

$1.1M

JHA

CORE DATA SERVICES

$432K

ALKAMI

HOME BANKING/ BILL PAY

$342K

LKCS

STATEMENT MAILER/MARKETING

$166K

Grants received

Showing 1 of 1

FromAmountPurposeYear
$14K
COMMUNITY ENRICHMENT GRANTS
2022

Funded by

$14K from 1 funder · 1 grant · 2022

Michigan Credit Union Foundation

$14K · 1 grant · 2022

Details

EIN381475121
Subsection14
Ruling date1956-10
Formed1952
Employees71
Volunteers7
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo