NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

BAY CITY, MI

Total revenue

$6.0M

Total expenses

$5.7M

Net assets

$10.3M

Grants received

EIN

381642684

Tax year

2024

Mission

Member owned and member controlled financial cooperative dedicated to providing sound comprehensive services to its family of members

Programs

2 programs

Provide 4,489 loans including vehicle, personal, home equity, mortgage business, overdraft, share secured, indirect and credit card loans.

Offer automated teller machines, debit cards, money orders, no cost bill payer, student scholarships, financial litercy workshops in-school, branches, courtesy pay and various insurance programs.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$4.0M
Investment income$2.0M
Other revenue
Total revenue$6.0M

Expenses

Grants paid
Salaries & benefits$2.3M
Fundraising
Other expenses$3.4M
Total expenses$5.7M
Total assets$133.8M
Net assets$10.3M

People

10 listed

NameRoleCompensation

JEFF RABANUS

CEO

Board

$184K

40 hrs/wk

MICHELLE HINE

Vice President

Board

$102K

40 hrs/wk

CJ MONTANA

Treasurer

Board

1 hrs/wk

DAVE HUNT

Director

Board

1 hrs/wk

DAVID WOLTHUIS

Director

Board

1 hrs/wk

LOUIS MEYETTE

Chairman

Board

1 hrs/wk

DAVID ROYAL

Director

Board

1 hrs/wk

JAMES VOSS

Secretary

Board

1 hrs/wk

KATHERINE GRANT

Director

Board

1 hrs/wk

REBECCA ARNOLD

Vice President

Board

40 hrs/wk

Independent contractors

CO-OP

DEBIT/ATM PROCESSOR

$398K

PSCU

CREDIT CARD PROCESSOR

$231K

FISERV

DATA PROCESSOR

$140K

YEO & YEO CPAS AND ADVISORS

IT CONSULTING & SERVICES

$121K

Details

EIN381642684
Subsection14
Ruling date1956-10
Formed1956
Employees56
Volunteers9
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo