NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

KALAMAZOO, MI

Total revenue

$19.1M

Total expenses

$17.9M

Net assets

$23.5M

Grants received

EIN

381543701

Tax year

2024

Mission

Provide membership with savings, checking, club, money market, health savings, iras, certificates of deposit and a broad array of loans to satisfy our members' financial wellness.

Programs

2 programs

Provide members with credit card, vehicle, real estate, unsecured, business and line of credit loans with aggregate loan balances that approximated $197,833,000 as of december 31, 2024.

Offer atm & debit card, check cashing, wire transfer, courtesy pay, money orders, cashier checks, electronic banking, financial counseling, investment and insurance programs to all eligible members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$17.5M
Investment income$1.2M
Other revenue$345K
Total revenue$19.1M

Expenses

Grants paid
Salaries & benefits$6.4M
Fundraising
Other expenses$11.4M
Total expenses$17.9M
Total assets$277.5M
Net assets$23.5M

People

14 listed

NameRoleCompensation

MATTHEW LAHMAN

CEO

Board

$270K

40 hrs/wk

SHELDON FAWORSKI

COO

Board

$156K

40 hrs/wk

STEVEN SHUNKWILER

CFO

Board

$127K

40 hrs/wk

RUDY CALLEN

BOARD TREASURER

Board

2 hrs/wk

MICHELLE SHINEVARE

BOARD SECRETARY

Board

2 hrs/wk

DAVID STUUT

BOARD CHAIR

Board

2 hrs/wk

RODNEY MASON

DIRECTOR

Board

2 hrs/wk

ERIK NORD

ASSOCIATE DIRECTOR

Board

2 hrs/wk

JOSEPH MARTIN

VICE CHAIRMAN

Board

2 hrs/wk

JODI K MILKS

BOARD MEMBER

Board

2 hrs/wk

BRIAN SACKETT

DIRECTOR

Board

2 hrs/wk

BEN DANIELSON

DIRECTOR

Board

2 hrs/wk

RICHARD BAKER

VP OF LENDING

Staff

$141K

40 hrs/wk

CARRIE BOISONAULT

VP MARKETING & BUSINESS DE

Staff

$119K

40 hrs/wk

Independent contractors

PSCU

ATM/DEBIT/CREDIT PROCESSING

$663K

CU ANSWERS

CORE DATA PROCESSOR

$652K

AUNALYTICS

IT INFASTRUCTURE

$462K

VISA INTERNATIONAL

CREDIT/DEBIT CARD BRANDING

$234K

CORNELIUS

IT INFASTRUCTURE

$189K

Details

EIN381543701
Subsection14
Ruling date1956-10
Formed1954
Employees123
Volunteers8
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo