Credit Unions Chartered In the State of Michigan
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Credit Unions Chartered In the State of Michigan is a 501(c)(14) organization based in Grand Blanc, Michigan, registered in 1956, with $156,681,814 in FY2024 revenue. CharityIndex grades it A.
9048 Holly Rd, Grand Blanc, MI, 48439 EIN 38-1440283 Since 1956
Revenue (FY2024)
$156.7M
▲ 45.6% vs prior year
Expenses (FY2024)
$143.8M
Net assets
$219.7M
Employees
444
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Credit Unions Chartered In the State of Michigan— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating18 mo reserves · +8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Credit Unions Chartered In the State of Michigan: 18 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Credit Unions Chartered In the State of Michigan: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Credit Unions Chartered In the State of Michigan: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provide financial services and products to members.
What they do
Provide 93,625 loans including vehicle, credit card, home equity, business, personal, boat, motorcycle, motor home, and mortgages.
Offer automated teller machines, debit cards, money orders, check cashing, travelers checks, overdraft protection/courtesy pay, bill pay, and various insurance and investment programs.
Contact & location
- Address
- 9048 Holly Rd, Grand Blanc, MI, 48439
- City
- Grand Blanc
- State
- Michigan
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $73.0M (FY2021) to $156.7M (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.1BNet assets $219.7M
Operating margin
8.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.3B
Total liabilities
$2.1B
Net assets
$219.7M
Salaries & benefits
$35.7M
25% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $156,681,814▲45.6% | $143,813,921▲49.4% | $219,718,906▲5.7% | $2,316,815,802▼1.1% | 990 |
| 2023 | $107,618,264▲31.0% | $96,285,983▲54.5% | $207,843,635▲6.7% | $2,342,921,086▲55.7% | 990 |
| 2022 | $82,148,923▲12.6% | $62,306,924▲11.5% | $194,852,070▲1.4% | $1,504,357,827▲8.8% | 990 |
| 2021 | $72,954,813 | $55,882,971 | $192,155,283 | $1,382,283,793 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Brian Waldron — $999,612 (0.70% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brian Waldron | President/ceo | 50 | $999,612 |
| Jeremy Zager | Chief Financial Officer | 50 | $329,012 |
| Edward Sterling | Chief Operating Officer | 50 | $324,145 |
| Sharon Lobo | Chief Lending Officer | 50 | $317,148 |
| Michael Anderson | Chief Information Systems Officer | 50 | $296,521 |
| Deana Turcott | Chief Human Resources Officer | 50 | $269,724 |
| Jose Cano | Director of Commercial Lending | 37.5 | $248,220 |
| Daniel Gatfield | Chief Retail Officer | 50 | $239,021 |
| Adam Koishor | Chief Strategy Officer | 50 | $236,608 |
| Derek Drake | Director of Enterprise Risk Management | 37.5 | $224,628 |
| Kevin Caragay | Commercial Lending Manager | 37.5 | $186,740 |
| Kevin Algeo | Director of Consumer Lending | 37.5 | $180,560 |
| Anna Morris | Regional Branch Ops Manager | 37.5 | $177,736 |
| Beverly Kittle | Director | 5 | — |
| Bruce Allan | Treasurer | 5 | — |
| Dana Stoddard | First Vice Chair | 5 | — |
| Diane Piercy | Secretary | 5 | — |
| Douglas Kidd | Second Vice Chair | 5 | — |
| Jeff Sells | Director | 5 | — |
| Wayne Natzke | Chairman of the Board | 5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Ncr Voyix Corporation | Technology | $2,064,048 |
| Visa USA | Data Processing | $1,796,726 |
| Informa Business Systems | Technology | $1,366,637 |
| Fiserv | Technology | $1,274,980 |
| H&s United Construction | Construction | $798,380 |
Grants made · $53K in FY2024
4 grants totaling $53K in FY2024. All grants made by Credit Unions Chartered In the State of Michigan →
| Recipient | Purpose | Amount |
|---|---|---|
| Young Mens Christian Association of Flint | Community partnership | $19,000 |
| Hopewell Fund | Community partnership | $15,000 |
| Catholic Charities | Community partnership | $11,500 |
| Police Benevolent Association Charity Fund Inc | Community partnership | $7,500 |
Frequently asked questions
- Is Credit Unions Chartered In the State of Michigan a legitimate nonprofit?
- Yes. Credit Unions Chartered In the State of Michigan is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 38-1440283, based in Grand Blanc, Michigan.
- What is Credit Unions Chartered In the State of Michigan's EIN?
- Credit Unions Chartered In the State of Michigan's Employer Identification Number (EIN) is 38-1440283.
- How much revenue does Credit Unions Chartered In the State of Michigan report?
- Credit Unions Chartered In the State of Michigan reported $156,681,814 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Credit Unions Chartered In the State of Michigan have?
- CharityIndex grades Credit Unions Chartered In the State of Michigan A, based on financial health (reserves and operating margin).
- How much does Credit Unions Chartered In the State of Michigan's highest-paid employee make?
- The highest reported compensation on Credit Unions Chartered In the State of Michigan's latest Form 990 is $999,612, paid to Brian Waldron (President/ceo).
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Data for Credit Unions Chartered In the State of Michigan (EIN 38-1440283) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.