Credit Unions Chartered In the State of Michigan
501(c)(14)
Strong reserves Growing revenue
Credit Unions Chartered In the State of Michigan is a 501(c)(14) organization based in Auburn Hills, Michigan, registered in 1956, with $323,477,408 in FY2024 revenue.
2100 Executive Hills Dr, Auburn Hills, MI, 48326 EIN 38-1445060 Since 1956
Revenue (FY2024)
$323.5M
▲ 26.8% vs prior year
Expenses (FY2024)
$237.2M
Net assets
$774.6M
Employees
674
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 rating39 mo reserves · +27% 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: 39 mo reserves · +27% 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
Served 283,364 credit union members by providing financial services including various loan products as well as deposit products such as checking, savings, ira and certificates.
Contact & location
- Address
- 2100 Executive Hills Dr, Auburn Hills, MI, 48326
- City
- Auburn Hills
- State
- Michigan
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $74.7M (FY2013) to $323.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.5BNet assets $774.6M
Operating margin
26.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$5.3B
Total liabilities
$4.5B
Net assets
$774.6M
Salaries & benefits
$46.8M
20% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $323,477,408▲26.8% | $237,165,517▲36.6% | $774,637,306▲14.7% | $5,307,755,202▲9.4% | 990 |
| 2023 | $255,140,144▲27.0% | $173,568,778▲51.9% | $675,270,694▲17.8% | $4,852,563,944▲8.5% | 990 |
| 2022 | $200,960,128▲16.2% | $114,302,483▲26.8% | $573,239,715▼5.1% | $4,472,149,817▲10.9% | 990 |
| 2021 | $172,897,608▲3.9% | $90,163,505▼19.2% | $604,350,309▲11.9% | $4,033,381,478▲13.3% | 990 |
| 2020 | $166,438,700▲9.3% | $111,605,322▲15.9% | $540,022,328▲13.6% | $3,559,945,081▲24.9% | 990 |
| 2019 | $152,232,387▲17.8% | $96,299,551▲17.3% | $475,241,875▲15.8% | $2,849,302,664▲10.5% | 990 |
| 2018 | $129,267,326▲18.6% | $82,130,686▲19.5% | $410,460,885▲13.1% | $2,578,620,099▲9.7% | 990 |
| 2017 | $108,985,423▲9.3% | $68,730,351▲2.5% | $362,776,853▲12.1% | $2,351,629,474▲6.6% | 990 |
| 2016 | $99,695,215▲8.4% | $67,069,452▲13.6% | $323,575,923▲8.5% | $2,206,874,286▲10.1% | 990 |
| 2015 | $91,967,134▲14.3% | $59,042,711▲10.3% | $298,123,495▲22.9% | $2,004,776,842▲20.7% | 990 |
| 2014 | $80,470,564▲7.7% | $53,526,822▲4.6% | $242,659,248▲15.5% | $1,661,133,743▲7.5% | 990 |
| 2013 | $74,700,509 | $51,177,028▲1.1% | $210,008,932▲5.9% | $1,545,390,243▲4.1% | 990 |
| 2012 | — | $50,616,260▼7.4% | $198,315,400▲12.9% | $1,485,184,501▲7.0% | 990 |
| 2011 | — | $54,651,704▼17.9% | $175,581,797▲12.5% | $1,388,158,152▲3.8% | 990 |
| 2010 | — | $66,528,344 | $156,012,896 | $1,337,900,236 | 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: Jacqueline Buchanan — $3,323,813 (1.40% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jacqueline Buchanan | President Ceo | 60 | $3,323,813 |
| Nathan Davidson | Chief Financial Officer | 60 | $480,720 |
| Allen Mitchell | Business Loan | 40 | $478,226 |
| Donald White | Mortgage Officer | 40 | $410,338 |
| Matt Chapman | Chief Information Officer | 45 | $312,679 |
| Lynn Dillon | Mortgage Consultant | 40 | $312,271 |
| Andria George | Vp Human Resources | 45 | $279,890 |
| Michelle Mattson | Svp Remote Delivery Channels | 45 | $274,994 |
| Jessica Buck | Vp of Lending | 45 | $258,818 |
| Heather Pizzala | Vp of Marketing | 45 | $246,283 |
| Sharon Nichols | Vp Sales and Service | 45 | $234,942 |
| Brian Dowgiallo | Vp Risk Management | 45 | $232,842 |
| Lance Smith | Vp of Real Estate Lending | 45 | $232,270 |
| Frank Klimczak | Information Security Manager | 40 | $217,131 |
| Stacie Petrusha | Mortgage Consultant | 40 | $215,346 |
| Andre Davis | Supervisory Committee Member | 7 | — |
| Barbara Pasciolla | Supervisory Committee Member | 7 | — |
| Brian Zabowski | Board Chairperson | 7 | — |
| David Stolk | Supervisory Committee Member | 7 | — |
| Greg Melega | Board Secretary / Treasurer | 7 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Madison One Lender Services | Business Loan Servicing | $1,531,946 |
| Michigan Business Connection | Loan Services | $1,513,013 |
| Midwest Loan Services | Mortgage Loan Servicing | $847,171 |
| Launch Servicing LLC | Loan Servicing | $498,894 |
| Butler Rowse-oberle Pllc | Attorney | $403,055 |
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 38-1445060, based in Auburn Hills, 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 38-1445060.
- How much revenue does Credit Unions Chartered In the State of Michigan report?
- Credit Unions Chartered In the State of Michigan reported $323,477,408 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- 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 $3,323,813, paid to Jacqueline Buchanan (President Ceo).
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Data for Credit Unions Chartered In the State of Michigan (EIN 38-1445060) 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.