Lansing, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CREDIT UNIONS CHARTERED IN THE MI Farm Bureau Family Credit Union, founded in 1933, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $361K, a strong 25% operating margin.
TO PROVIDE LOW COST FINANCIAL SERVICES TO OUR MEMBER OWNERS.
THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, CERTIFICATE AND OTHER. THE TOTAL NUMBER OF MEMBERS AT 12/31/2024 WAS 2,026.
THE CREDIT UNION PROVIDES A VARIETY OF LOAN TYPES TO MEMBERS INCLUDING CONSUMER, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/2024 WAS 1,549.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,455,232 | $1,130,865 | +0.3% |
| Expenses | $1,093,987 | $957,785 | +0.1% |
| Net Income | $361,245 | $173,080 | +1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRANDON L BUSSA | CEO | 40.00 |
Officer
|
$128,089 | $22,913 | $151,002 |
| NICHOLAS LEWIS | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMEY MYERS | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| SAMUEL NIELSEN | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVEN HUMMER | Treasurer | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT PIGGOTT | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| NICHOLAS OTTNEY | Chairman | 1.00 |
Director
|
$0 | $0 | $0 |
| JESSICA FALZON | Secretary | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIE SZUBINSKI | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| JACK LUNA | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,455,232 | $1,093,987 | $23,649,890 | $361,245 |
| 2023 | $1,130,865 | $957,785 | $22,725,001 | $173,080 |
| 2022 | $862,950 | $732,086 | $23,619,308 | $130,864 |
| 2021 | $730,870 | $605,957 | $22,403,417 | $124,913 |
| 2020 | $700,874 | $594,231 | $21,914,538 | $106,643 |
| 2019 | $691,477 | $609,173 | $18,668,241 | $82,304 |
| 2018 | $629,426 | $510,178 | $18,076,981 | $119,248 |
Compare CREDIT UNIONS CHARTERED IN THE MI Farm Bureau Family Credit Union with other nonprofits in Michigan and across the country.