NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

SPARTA, MI

Total revenue

$6.0M

Total expenses

$5.0M

Net assets

$7.5M

Grants received

EIN

381678297

Tax year

2024

Mission

Provide financial services and products to members

Programs

1 program

The credit union provides loans to members. The total number of loans outstanding at 12 31 24 was 4,675

0

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$4.6M
Investment income$1.4M
Other revenue
Total revenue$6.0M

Expenses

Grants paid
Salaries & benefits$1.6M
Fundraising
Other expenses$3.4M
Total expenses$5.0M
Total assets$96.6M
Net assets$7.5M

People

6 listed

NameRoleCompensation

ERIKA GARRISON

CEO

Board

$197K

40 hrs/wk

MICHAEL MAUER

Director

Board

1 hrs/wk

WILLIAM MONTGOMERY

Chairman

Board

1 hrs/wk

CHARLES MEEK

Secretary

Board

1 hrs/wk

JEFF SOULES

Director

Board

1 hrs/wk

MELANIE EILERS

EVP

Staff

$128K

40 hrs/wk

Independent contractors

CUANSWERS

DATA PROCESSING

$300K

PSCU

CARD PROCESSOR

$274K

MICUSO

ACCOUNTING/CONSULTING

$161K

REDROCK

IT SERVICES

$141K

ROUTE 66

WARRANTY

$125K

Details

EIN381678297
Subsection14
Ruling date1956-10
Formed1956
Employees33
Volunteers4
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo