NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

ADRIAN, MI

Total revenue

$40.6M

Total expenses

$30.8M

Net assets

$87.6M

Grants received

EIN

381524325

Tax year

2024

Mission

Provide financial services to member owners with a common bond.

Programs

2 programs

Provide 15,775 new and used auto, unsecured, overdraft, commercial, real estate, home equity, student and credit card loans with aggregate loan balances that approximated $371,589,000 as of december 31, 2024.

Offer atm, on-line banking, audio response, ach, safe deposit boxes, overdraft protection, check cashing, travel cards, mobile banking, mobile deposit capture and various insurance programs to all eligible members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$27.8M
Investment income$12.8M
Other revenue$2K
Total revenue$40.6M

Expenses

Grants paid$211K
Salaries & benefits$10.7M
Fundraising
Other expenses$19.9M
Total expenses$30.8M
Total assets$784.2M
Net assets$87.6M

People

15 listed

NameRoleCompensation

JEFF BREHMER

CEO

Board

$349K

40 hrs/wk

JENNIFER FROST

SR VP FINANCE

Board

$128K

40 hrs/wk

RICHARD EGLI

VICE CHAIRPERSON

Board

1 hrs/wk

TROY BEVIER

DIRECTOR

Board

1 hrs/wk

LISA WEDDIE

DIRECTOR

Board

1 hrs/wk

MARK BRUGGEMAN

DIRECTOR

Board

1 hrs/wk

MARK SPOHR

CHAIRPERSON

Board

2 hrs/wk

MEREDITH FRANCIS

SECRETARY

Board

1 hrs/wk

JOE MURPHY

TREASURER

Board

1 hrs/wk

ALYCIA NICHOLS

EVP-OPERATIONS & LENDING

Staff

$184K

40 hrs/wk

PAUL CORAZZOL

SVP INFORMATION SERVICES

Staff

$163K

40 hrs/wk

MICHAEL ZARNECKI

SVP OPERATIONS

Staff

$156K

40 hrs/wk

RANDALL SMITH

FORMER CEO

Staff

$139K

40 hrs/wk

LINDA TOMFORD

VP HUMAN RESOURCES

Staff

$112K

40 hrs/wk

BAILEY DAMON

VP BRANCH OPERATIONS

Staff

$107K

40 hrs/wk

Independent contractors

KRIEGHOFF LENAWEE COMPANY

CONSTRUCTION SERVICES

$2.8M

QSI INC

ATM/ITM BRANCH SOLUTIONS, SECURITY PROVI

$1.6M

JACK HENRY & ASSOCIATES INC

COMPUTER SERVICES

$1.5M

BUSINESS DATA INC

MARKETING & MAILING SERVICES

$448K

INSIGHT

COMPUTER SOFTWARE AND PERIPHERALS

$192K

Details

EIN381524325
Subsection14
Ruling date1956-10
Formed1956
Employees170
Volunteers12
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo