CREDIT UNIONS CHARTERED IN THE STATE OF MI DBA FINANCIALEDGE CREDIT UNION

EIN: 381395220

BAY CITY, MI

Total Revenue
$8,735,807
Total Expenses
$7,393,751
Total Assets
$139,894,725
Net Assets
$17,552,413
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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
1950
Legal Domicile
MI
Principal Officer
JEREMY COBERLEY
Phone
9898926088
Tax Period
2025-01-01 to 2025-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF MI DBA FINANCIALEDGE CREDIT UNION, founded in 1950, is a community nonprofit that reported $8.7M in total revenue in fiscal year 2025. The organization ran a surplus of $1.3M, a strong 15% operating margin.

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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,097,637
Investment Income $1,673,454
Other Revenue $-35,284
TOTAL REVENUE $8,735,807

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,742,972
Fundraising Expenses $0
Other Expenses $4,650,779
TOTAL EXPENSES $7,393,751

Year-over-Year Comparison

2025 2024 Change
Revenue $8,735,807 $8,413,154 +0.0%
Expenses $7,393,751 $6,884,738 +0.1%
Net Income $1,342,056 $1,528,416 -0.1%
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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Governance

Voting Members
7
Independent Members
7
Employees
42
Volunteers
11

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
6
$909,482
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEREMY COBERLEY CEO 45.00
Officer
$276,463 $32,815 $309,278
LYNNE ZANOTTI Vice President 45.00
Officer
$131,764 $22,127 $153,891
JIM BIERLEIN Vice President 45.00
Officer
$130,279 $20,842 $151,121
SAREE PUDVAN CFO 45.00
Officer
$105,628 $9,121 $114,749
CODY ARMSTRONG Vice President 45.00
Officer
$86,954 $6,243 $93,197
MEGAN TABERSKI COO 45.00
Officer
$69,291 $17,955 $87,246
WILLIAM KEIPERT Treasurer 1.00
Director
$0 $0 $0
JILL BEISEL Director 1.00
Director
$0 $0 $0
NORMA FELKER Chairman 1.00
Director
$0 $0 $0
JUDY SKORNIA Director 1.00
Director
$0 $0 $0
JON MORSE Director 1.00
Director
$0 $0 $0
JENNIFER DELORGE Director 1.00
Director
$0 $0 $0
ROBERT PIERCE JR Director 1.00
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
2025 $8,735,807 $7,393,751 $139,894,725 $1,342,056
2024 $8,413,154 $6,884,738 $128,431,019 $1,528,416
2024 No data No data No data No data
2024 No data No data No data No data
2023 $7,300,435 $5,820,502 $122,192,163 $1,479,933
2022 $5,984,878 $4,951,544 $124,800,914 $1,033,334
2021 $5,494,085 $4,659,142 $128,580,564 $834,943
2020 $5,267,118 $4,706,489 $113,296,296 $560,629
2019 $5,396,101 $4,601,905 $95,014,818 $794,196
2018 $5,305,834 $4,615,760 $90,933,155 $690,074
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