CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

EIN: 381285928

CASCO, MI

Total Revenue
$609,960
Total Expenses
$546,081
Total Assets
$24,615,443
Net Assets
$24,330,212
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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
1926
Legal Domicile
MI
Principal Officer
Vicki McIntosh
Phone
5867276855
Tax Period
2020-01-01 to 2020-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN, founded in 1926, is a small nonprofit that reported $610K in total revenue in fiscal year 2020. Revenue decreased 17% compared to the prior year. Expenses of $546K left a modest 10% surplus.

Mission

to provide financial services to member owners with a common bond

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $609,960
Investment Income $0
Other Revenue $0
TOTAL REVENUE $609,960

Expense Breakdown

Grants Paid $0
Salaries & Benefits $281,731
Fundraising Expenses $0
Program Expenses $546,081
Other Expenses $264,350
TOTAL EXPENSES $546,081

Year-over-Year Comparison

2020 2019 Change
Revenue $609,960 $733,063 -0.2%
Expenses $546,081 $632,170 -0.1%
Net Income $63,879 $100,893 -0.4%
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
7
Independent Members
7
Employees
11
Volunteers
10

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
1
$102,019
Total Directors
9
$0
Key Employees
1
$102,019
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Vicki McIntosh CEO 40
Officer Key Emp Highest
$97,294 $4,725 $102,019
Ronald Lathrup Chairman 0.5
Director
$0 $0 $0
Gretchen Jagoda Director 0.5
Director
$0 $0 $0
Kay Goike Treasurer 0.5
Director
$0 $0 $0
Colleen Stover Director 0.5
Director
$0 $0 $0
Helga Wisswell Director 0.5
Director
$0 $0 $0
John Buseman Director 0.5
Director
$0 $0 $0
Roy Rivard Supervisory Committee Chairman 0.5
Director
$0 $0 $0
Joseph Berg Supervisory Committee Member 0.5
Director
$0 $0 $0
Kim Gunst Supervisory Committee Member 0.5
Director
$0 $0 $0
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
2020 $609,960 $546,081 $24,615,443 $63,879
2019 $733,063 $632,170 $21,414,810 $100,893
2018 $678,187 $526,475 $21,305,405 $151,712
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