NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

FARMINGTN HLS, MI

Total revenue

$43.6M

Total expenses

$33.4M

Net assets

$67.6M

Grants received

EIN

381628275

Tax year

2024

Mission

To provide financial services to member owners with a common bond.

Programs

2 programs

Provide 15,314 loans including new and used vehicles, revolving credit, tuition, overdraft, commercial, mortgages, credit cards and students loans with aggregate loan balances that approximated $328,624,000 as of december 31, 2024.

Offer atm/debit cards, wire transafers, money orders, courtesy pay, gift cards, bill pay, safe deposit box rentals, check cashing, coin counting, shared branching, mobile banking and various insurance products to all eligible members.

Financials

FY 2024

Revenue

Contributions & grants$300K
Program service revenue$24.0M
Investment income$6.1M
Other revenue$13.2M
Total revenue$43.6M

Expenses

Grants paid$169K
Salaries & benefits$13.3M
Fundraising
Other expenses$19.9M
Total expenses$33.4M
Total assets$627.2M
Net assets$67.6M

People

17 listed

NameRoleCompensation

ROBERT GRECH

PRESIDENT/CEO

Board

$447K

40 hrs/wk

DANIEL DAVIDSON

EVP/COO

Board

$374K

40 hrs/wk

VERONICA NORTH

DIRECTOR

Board

1 hrs/wk

MIKE OPATIK

DIRECTOR

Board

1 hrs/wk

MARK VALERIUS

DIRECTOR

Board

1 hrs/wk

PHILLIP MOREY

TREASURER

Board

1 hrs/wk

RICHARD SAAD

SECRETARY

Board

1 hrs/wk

KURT GODFREY

VICE CHAIRPERSON

Board

1 hrs/wk

MICHELLE LEMIEUX

ASSOCIATE DIRECTOR

Board

1 hrs/wk

JOE VALENTIC

CHAIRPERSON

Board

1 hrs/wk

RANDALL RICHMOND

CLO

Staff

$215K

40 hrs/wk

CHERYL MALLARD

CTO

Staff

$206K

40 hrs/wk

THOMAS C LEDUC

GENERAL COUNCIL

Staff

$155K

40 hrs/wk

CHERYL ALLMACHER

VP DIGITAL TRANSFORMATION

Staff

$144K

40 hrs/wk

KEITH BURKE

VP-MARKETING

Staff

$142K

40 hrs/wk

ADAM TONGE

VP-RETAIL

Staff

$142K

40 hrs/wk

CATHERINE MOREY

VP-RISK MANAGEMENT

Staff

$140K

40 hrs/wk

Independent contractors

MDT

TECHNOLOGY SERVICES

$1.1M

DOLPHIN DEBIT ACCESS

ATM MANAGEMENT

$433K

ALKAMI TECHNOLOGY

DIGITAL BANKING

$400K

CORNELIUS SYSTEMS

BANKING EQUIPMENT AND SERVICE

$173K

MCQUEEN FINANCIAL ADVISORS

INVESTMENT/ALM ADVISING

$138K

Details

EIN381628275
Subsection14
Ruling date1956-10
Formed1956
Employees165
Volunteers8
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo