Credit Unions Chartered in the State of MI CASE Credit Union

EIN: 380745805

Lansing, MI

Total Revenue
$23,816,392
Total Expenses
$23,010,541
Total Assets
$392,281,189
Net Assets
$32,054,707
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
MI
Phone
5173937710
Tax Period
2023-01-01 to 2023-12-31

Credit Unions Chartered in the State of MI CASE Credit Union, founded in 1936, is a mid-sized nonprofit that reported $23.8M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $23.0M left a modest 3% surplus.

Mission

TO ASSIST MEMBERS AND EMPLOYEES TO ACHIEVE FINANCIAL SUCCESS THROUGH SERVICE THAT IS SUPERIOR, CONVENIENT, AND EASY TO USE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $21,468,442
Investment Income $2,347,950
Other Revenue $0
TOTAL REVENUE $23,816,392

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,446,679
Fundraising Expenses $0
Program Expenses $0
Other Expenses $12,010,597
TOTAL EXPENSES $23,010,541

Year-over-Year Comparison

2023 2022 Change
Revenue $23,816,392 $20,419,805 +0.2%
Expenses $23,010,541 $20,258,407 +0.1%
Net Income $805,851 $161,398 +4.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
156
Volunteers
9

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$1,103,070
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A BOARD VICE CHAIR 2.0
Officer Director
$0 $0 $0
N/A BOARD SECRETARY 2.0
Officer Director
$0 $0 $0
N/A BOARD TREASURER 2.0
Officer Director
$0 $0 $0
N/A BOARD CHAIR 2.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMEBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A CFO 50.0
Officer
$116,747 $4,793 $121,540
N/A EVP/CIO 50.0
Officer
$180,135 $7,377 $187,512
N/A CRMO 50.0
Officer
$99,952 $4,000 $103,952
N/A PRESIDENT AND CEO 50.0
Officer
$345,323 $12,540 $357,863
N/A CHRO 50.0
Officer
$138,515 $5,864 $144,379
N/A EVP/COO 50.0
Officer
$181,711 $6,113 $187,824
N/A BUSINESS DEVELOPMENT OFFICER 50.0
Highest
$116,667 $5,089 $121,756
N/A VICE PRESIDENT BUSINESS SERVICES 50.0
Highest
$131,528 $5,351 $136,879
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $23,816,392 $23,010,541 $392,281,189 $805,851
2022 $20,419,805 $20,258,407 $396,816,157 $161,398
2021 $20,620,547 $16,856,432 $383,174,122 $3,764,115
2020 $20,950,922 $15,900,220 $357,531,798 $5,050,702
2019 $20,095,348 $16,949,190 $300,959,636 $3,146,158
2018 $19,542,722 $18,704,187 $285,215,372 $838,535
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