NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

LUDINGTON, MI

Total revenue

$10.9M

Total expenses

$9.0M

Net assets

$15.3M

Grants received

EIN

381502320

Tax year

2024

Mission

Provide financial services and products to members.

Programs

1 program

The credit union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2024 was 5,629.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$10.4M
Investment income$519K
Other revenue
Total revenue$10.9M

Expenses

Grants paid
Salaries & benefits$2.6M
Fundraising
Other expenses$6.4M
Total expenses$9.0M
Total assets$172.3M
Net assets$15.3M

People

8 listed

NameRoleCompensation

ADAM JOHNSON

CEO

Board

$159K

40 hrs/wk

JULEE SARTO

Secretary

Board

1 hrs/wk

TANGEE PETTIS

Director

Board

1 hrs/wk

KATHY COUTURIER

Director

Board

1 hrs/wk

DAVID KASLEY

Chairman

Board

1 hrs/wk

ROBERT THOMPSON

Treasurer

Board

1 hrs/wk

CHRISTOPHER SIMPLER

Director

Board

1 hrs/wk

CHRISTOPHER TOOMAN

Director

Board

1 hrs/wk

Independent contractors

COOP FINANCIAL SERVICES

CARD PROCESSOR

$446K

PRIORITY HEALTH

EMPLOYEE HEALTH INSURANCE

$363K

KASASA LTD

ACCOUNT AND LOAN VENDOR

$282K

CU ANSWERS

CORE PROCESSOR

$256K

REDROCK INFORMATION SECURITY

IT SERVICE

$104K

Details

EIN381502320
Subsection14
Ruling date1956-10
Formed1952
Employees43
Volunteers7
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo