NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

HOLLY, MI

Total revenue

$40.2M

Total expenses

$36.9M

Net assets

$50.5M

Grants received

EIN

381514946

Tax year

2024

Mission

We are our members' trusted, secured financial cooperative dedicated to providing exceptional value, personalized service, and convenience.

Programs

2 programs

Provide loans including vehicle, business, first mortgage, home equity, line of credit, and unsecured loans.

Offer automated teller machines, wire transfers, money orders, home banking, mobile banking, and various insurance programs.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$38.0M
Investment income$2.2M
Other revenue
Total revenue$40.2M

Expenses

Grants paid$150K
Salaries & benefits$12.7M
Fundraising
Other expenses$24.0M
Total expenses$36.9M
Total assets$637.8M
Net assets$50.5M

People

14 listed

NameRoleCompensation

CHRISTOPHER ESTES

PRESIDENT AND CEO THRU 7/30/24

Board

$862K

40 hrs/wk

JAY YAX

PRESIDENT AND CEO AS OF 7/31/24

Board

$352K

40 hrs/wk

HEIDI SCHWARZ

SENIOR VP/CFO

Board

$211K

40 hrs/wk

JOHN TRUCHAN

CHAIRMAN

Board

$2K

2 hrs/wk

PHIL THICK

TREASURER

Board

$1K

2 hrs/wk

DONALD HENRY

2ND VICE CHAIRMAN

Board

$788

2 hrs/wk

DON SORENSEN

SECRETARY

Board

$381

2 hrs/wk

JESSIE COLLINS

DIRECTOR

Board

2 hrs/wk

JOSEPH NIEDZWIECKI

1ST VICE CHAIRMAN

Board

2 hrs/wk

JOSEPH REGAN

VP OF IT

Staff

$207K

40 hrs/wk

SCOTT KNOPF

VP OF LENDING/LOSS PREVENT

Staff

$181K

40 hrs/wk

AMANDA SHERWOOD

VP HR

Staff

$175K

40 hrs/wk

CATHERINE KRANE

VP SALES & SERVICE

Staff

$153K

40 hrs/wk

WILLIAM HERRON

VP OF OPERATIONS

Staff

$148K

40 hrs/wk

Independent contractors

HARMON MANAGEMENT LLC

CONSULTING

$4.0M

JACK HENRY

ELECTRONIC PROCESSING SERVICES

$2.1M

INFORMA BUSINESS SYSTEMS

ATM PROCESSING AND MAINTENANCE

$1.7M

US SIGNAL CO LLC

TELEPHONE SERVICE PROVIDER

$407K

LOOMIS

CASH HANDLING COMPANY

$345K

Details

EIN381514946
Subsection14
Ruling date1956-10
Formed1955
Employees201
Volunteers6
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo