CREDIT UNIONS CHARTERED IN THE STA… - Form 990 Financial Data

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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

1954

Legal Domicile

Principal Officer

DEANNE RAMOS

Phone

7346628200

Tax Period

2025-01-01 to 2025-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN, founded in 1954, is a mid-sized nonprofit that reported $85.0M in total revenue in fiscal year 2025. Revenue decreased 5% compared to the prior year. Expenses of $77.3M left a modest 9% surplus.

Mission

FINANCIAL SERVICES. THE UNIVERSITY OF MICHIGAN CREDIT UNION IS A FINANCIAL INSTITUTION CHARTERED IN THE STATE OF MICHIGAN. THE CREDIT UNION PROVIDES A WIDE RANGE OF FINANCIAL SERVICES TO THE MEMBER/OWNERS AT A REASONABLE COST.

Program Service Accomplishments

Program 1

PROVIDE 122,134 MEMBERS WITH REGULAR SHARES, SHARE DRAFTS, CERTIFICATES OF DEPOSIT, IRA, CLUB, AND BUSINESS WITH AN AGGREGATE BALANCE THAT APPROXIMATED $1,089,911,000 AS OF DECEMBER 31, 2025.

Program 2

PROVIDE 81,128 LOANS INCLUDING VEHICLE, CREDIT CARD, UNSECURED, STUDENT, INDIRECT, RECREATIONAL VEHICLE, MORTGAGE, BUSINESS, OVERDRAFT LINES OF CREDIT, AND CREDIT BUILDER WITH BALANCES AGGREGATING...

PROVIDE 81,128 LOANS INCLUDING VEHICLE, CREDIT CARD, UNSECURED, STUDENT, INDIRECT, RECREATIONAL VEHICLE, MORTGAGE, BUSINESS, OVERDRAFT LINES OF CREDIT, AND CREDIT BUILDER WITH BALANCES AGGREGATING APPROXIMATELY $1,117,429,000 AS OF DECEMBER 31, 2025.

Program 3

OFFER AUTOMATED TELLER MACHINES, DEBIT CARDS, CHECK CASHING, BILL PAY, OVERDRAFT PROTECTION/COURTESY PAY, VARIOUS INSURANCE AND INVESTMENT PRODUCTS TO ALL ELIGIBLE MEMBERS.

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $78,499,098

Investment Income $5,652,886

Other Revenue $837,683

TOTAL REVENUE $84,989,667

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $26,604,464

Fundraising Expenses $0

Other Expenses $50,683,055

TOTAL EXPENSES $77,297,519

Year-over-Year Comparison

	2025	2024	Change
Revenue	$84,989,667	$89,479,393	-0.1%
Expenses	$77,297,519	$68,108,376	+0.1%
Net Income	$7,692,148	$21,371,017	-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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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

Governance

Voting Members

Independent Members

Employees

272

Volunteers

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

$1,854,955

Total Directors

Key Employees

$1,679,497

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EARL BELL	CHAIRPERSON	3.00	Director	$0	$0	$0
LUKELAND GENTLES	VICE CHAIRPERSON	3.00	Director	$0	$0	$0
KAREN PARKER	SECRETARY	3.00	Director	$0	$0	$0
VICTORIA BENNETT	TREASURER	3.00	Director	$0	$0	$0
FRANK CIANCIOLA	DIRECTOR	3.00	Director	$0	$0	$0
BENJIE JOHNSON	DIRECTOR	3.00	Director	$0	$0	$0
MARY KRASNY	DIRECTOR	3.00	Director	$0	$0	$0
JAMES MIDDLEMAS	DIRECTOR	3.00	Director	$0	$0	$0
QUINTA VREEDE	DIRECTOR	3.00	Director	$0	$0	$0
TIFFANY FORD	CEO	40.00	Officer	$1,452,971	$19,000	$1,471,971
DEANNE RAMOS	CHIEF FINANCIAL OFFICER	40.00	Officer	$345,467	$37,517	$382,984
DONNA DICKERSON DOLEMAN	CHIEF MARKETING OFFICER	40.00	Key Emp	$344,109	$48,255	$392,364
PATRICIA KEENE	CHIEF HUMAN RESOURCES OFFICER	40.00	Key Emp	$284,848	$21,347	$306,195
XIANG WU	CHIEF TECHNOLOGY OFFICER	40.00	Key Emp	$265,486	$32,570	$298,056
TINA HAMILTON	CHIEF LENDING OFFICER	40.00	Key Emp	$273,127	$24,907	$298,034
MARCUS ENGLISH	CHIEF OPERATIONS OFFICER	40.00	Key Emp	$347,331	$37,517	$384,848
JOSEPH LOUIS-FERDINAND	IT MANAGER	40.00	Highest	$161,550	$29,179	$190,729
MINAL KAMAT	VP OF BRANCH OPERATIONS	40.00	Highest	$196,743	$35,294	$232,037
ERICA BOTKA	VP OF TALENT	40.00	Highest	$203,515	$15,184	$218,699
BRITTANY ZIELINSKI	VP OF BRANCH OPERATIONS	40.00	Highest	$178,298	$19,378	$197,676
RASHMI HURST	AVP OF BRAND AND MARKETING	40.00	Highest	$175,027	$32,020	$207,047

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	$84,989,667	$77,297,519	$1,410,845,896	$7,692,148
2024	$89,479,393	$68,108,376	$1,353,392,856	$21,371,017
2023	$64,479,602	$56,414,136	$1,357,882,173	$8,065,466
2022	$52,711,293	$44,293,607	$1,361,434,664	$8,417,686
2021	$50,830,621	$40,566,834	$1,323,805,807	$10,263,787
2020	$47,053,855	$41,897,968	$1,187,983,058	$5,155,887
2019	$50,417,594	$41,139,734	$953,301,122	$9,277,860
2018	$45,510,697	$35,391,811	$907,339,037	$10,118,886

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN