CREDIT UNIONS CHARTERED IN THE STATE OF MONROE COMMUNITY CREDIT UNION

EIN: 381449622

MONROE, MI

Total Revenue
$17,587,630
Total Expenses
$13,004,407
Total Assets
$339,911,186
Net Assets
$28,721,900
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
MI
Principal Officer
KRISTINE BRENNER
Phone
7342423222
Tax Period
2023-01-01 to 2023-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF MONROE COMMUNITY CREDIT UNION, founded in 1953, is a mid-sized nonprofit that reported $17.6M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 26% operating margin.

Mission

MONROE COMMUNITY CREDIT UNION IS A CRITICAL PART OF THE COMMUNITIES WE SERVE. AS A NOT-FOR-PROFIT FINANCIAL INSTITUTION, OUR DAY JOB IS TO PROVIDE EXCEPTIONAL BANKING SERVICES TO EACH AND EVERY MEMBER OF OUR CREDIT UNION, BUT OUR REAL PASSION IS TO MAKE AN IMPACT IN THE LIVES OF EACH AND EVERY MEMBER OF OUR COMMUNITY. TOGETHER WITH OUR EMPLOYEES, VOLUNTEERS, AND MEMBERS, WE DON'T JUST SERVE THE COMMUNITY, WE ARE THE COMMUNITY.

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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 $14,477,453
Investment Income $3,060,963
Other Revenue $49,214
TOTAL REVENUE $17,587,630

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $5,642,362
Fundraising Expenses $0
Other Expenses $7,357,045
TOTAL EXPENSES $13,004,407

Year-over-Year Comparison

2023 2022 Change
Revenue $17,587,630 $13,744,255 +0.3%
Expenses $13,004,407 $10,866,903 +0.2%
Net Income $4,583,223 $2,877,352 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
92
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
2
$532,285
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY SIEVERT CHAIRPERSON 2.00
Director
$0 $0 $0
JENNIFER POUPARD VICE CHAIRPERSON 2.00
Director
$0 $0 $0
CONNIE OCHS SECRETARY 2.00
Director
$0 $0 $0
KENNETH STRITT JR TREASURER 2.00
Director
$0 $0 $0
MARIA ZAGORSKI DIRECTOR 2.00
Director
$0 $0 $0
DANIEL CARLETON DIRECTOR 2.00
Director
$0 $0 $0
VINCENT RIMANELLI DIRECTOR 2.00
Director
$0 $0 $0
ROBERT DEGRAER DIRECTOR (EMERITUS) 2.00
Director
$0 $0 $0
NICHOLAS OLEXA ASSOCIATE DIRECTOR 2.00
Director
$0 $0 $0
KRISTINE BRENNER PRESIDENT/CEO 45.00
Officer
$271,432 $41,523 $312,955
MARK RADWANSKI SVP/CFO 45.00
Officer
$180,472 $38,858 $219,330
DENISE MILLER VP/CONTROLLER 45.00
Highest
$147,109 $35,080 $182,189
AARON MASON VP/CLO 45.00
Highest
$154,199 $25,617 $179,816
AMY ZANGARA VP/HUMAN RESOURCES 45.00
Highest
$149,625 $26,458 $176,083
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 $17,587,630 $13,004,407 $339,911,186 $4,583,223
2022 $13,744,255 $10,866,903 $328,301,890 $2,877,352
2021 $12,144,673 $9,902,021 $313,354,238 $2,242,652
2020 $11,091,707 $10,058,051 $276,514,623 $1,033,656
2019 $11,912,517 $9,633,479 $221,708,515 $2,279,038
2018 $11,214,388 $9,180,209 $204,472,303 $2,034,179
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