NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

SAGINAW, MI

Total revenue

$26.1M

Total expenses

$24.6M

Net assets

$41.4M

Grants received

EIN

381544100

Tax year

2024

Mission

State chartered credit union providing a variety of financial services to its members, and provide an opportunity for its members to use and control their own money on a democratic basis in order to improve their economic and social condition.

Programs

2 programs

Provided no/low cost financial products and services included automated teller machine access, debit cards, wire transfers, online bill pay, remote deposit capture, mobile banking and various insurance programs to all eligible members.

Provided 27,139 members with regular shares, money market, share draft, ira and certificates of deposit.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$18.8M
Investment income$7.2M
Other revenue
Total revenue$26.1M

Expenses

Grants paid
Salaries & benefits$7.6M
Fundraising
Other expenses$17.0M
Total expenses$24.6M
Total assets$464.8M
Net assets$41.4M

People

6 listed

NameRoleCompensation

ALAN WATSON

PRESIDENT/CE

Board

$225K

40 hrs/wk

ANN RECHSTEINER

CFO

Board

$125K

40 hrs/wk

JERD CLAYTON

VICE CHAIR

Board

1 hrs/wk

MARTHA KINSMAN

SECRETARY

Board

1 hrs/wk

ROBERT LOOBY

CHAIRMAN

Board

1 hrs/wk

MATTHEW STARKE

TREASURER

Board

1 hrs/wk

Details

EIN381544100
Subsection14
Ruling date1956-10
Formed1956
Employees137
Volunteers11
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo