NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

MUSKEGON, MI

Total revenue

$9.5M

Total expenses

$9.3M

Net assets

$22.7M

Grants received

EIN

381562639

Tax year

2024

Mission

The purpose of the credit union is to encourage thrift and savings by creating a source of credit at fair and reasonable rates and promote savings at a reasonable rate of interest.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$7.0M
Investment income$791K
Other revenue$1.7M
Total revenue$9.5M

Expenses

Grants paid$48K
Salaries & benefits$3.1M
Fundraising
Other expenses$4.3M
Total expenses$9.3M
Total assets$138.7M
Net assets$22.7M

People

10 listed

NameRoleCompensation

MORGAN RESCORLA

PRESIDENT/CEO

Board

$240K

50 hrs/wk

MICHAEL VERSTRAETE

CFO

Board

$132K

50 hrs/wk

RANDI SHEFFER

COO

Board

$123K

50 hrs/wk

JOHN HENDRICKS

BOARD MEMBER

Board

1 hrs/wk

SHONTAYE WITCHER

CHAIRPERSON

Board

1 hrs/wk

TRACEY BANKHEAD

BOARD MEMBER

Board

1 hrs/wk

DAVID MIERAS

VICE-CHAIRPERSON

Board

1 hrs/wk

PAUL HOPPA

SECRETARY

Board

1 hrs/wk

TAYLOR ADAMS

BOARD MEMBER

Board

1 hrs/wk

CHARLES RITTER

AGENCY PRINCIPAL

Staff

$127K

50 hrs/wk

Independent contractors

CO-OP FINANCIAL SERVICES

PROCESSING

$627K

SHARE ONE NEW SOLUTIONS

PROCESSING

$333K

KASASA LTD

REWARDS PROGRAM

$164K

IHEARTMEDIA

RADIO-MARKETING

$163K

REDROCK INFORMATION SECURITY

IT SERVICES

$148K

Details

EIN381562639
Subsection14
Ruling date1956-10
Formed1955
Employees52
Volunteers13
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo