CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 453 T & I CREDIT UNION

EIN: 381506104

CLAWSON, MI

Total Revenue
$1,005,107
Total Expenses
$4,041,573
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
MI
Principal Officer
KATHLEEN L KARNER
Phone
2485886688
Tax Period
2025-01-01 to 2025-03-31

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 453 T & I CREDIT UNION, founded in 1955, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2025. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $4.0M exceeded revenue, resulting in a 302% operating deficit.

Mission

T&I CREDIT UNION IS A FINANCIAL INSTITUTION COOPERATIVE ORGANIZED TO PROVIDE LOAN AND DEPOSIT SERVICES FOR ITS MEMBER OWNERS.

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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 $594,916
Investment Income $414,788
Other Revenue $-4,597
TOTAL REVENUE $1,005,107

Expense Breakdown

Grants Paid $0
Salaries & Benefits $263,534
Fundraising Expenses $0
Other Expenses $3,778,039
TOTAL EXPENSES $4,041,573

Year-over-Year Comparison

2025 2024 Change
Revenue $1,005,107 $3,613,111 -0.7%
Expenses $4,041,573 $3,453,319 +0.2%
Net Income $-3,036,466 $159,792 -20.0%
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
8
Independent Members
7
Employees
15
Volunteers
7

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
$89,632
Total Directors
8
$89,632
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE GOTTLIEB CHAIRPERSON 1.00
Director
$0 $0 $0
STEVEN KOEHLER VICE CHAIRPERSON 1.00
Director
$0 $0 $0
PAT CAYMUS TREASURER 1.00
Director
$0 $0 $0
DAVID BANET SECRETARY 1.00
Director
$0 $0 $0
ANN KOCHANSKI DIRECTOR 1.00
Director
$0 $0 $0
BHUVNESH KHOSLA DIRECTOR 1 DIRECTOR 1.00
Director
$0 $0 $0
CHRIS ADAMINI DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN KARNER CEO, DIRECTOR 40.00
Officer Director
$59,141 $30,491 $89,632
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 $1,005,107 $4,041,573 No data $-3,036,466
2024 $3,613,111 $3,453,319 $90,498,970 $159,792
2023 $2,981,673 $2,932,396 $87,369,978 $49,277
2022 $2,801,864 $2,451,016 $93,501,482 $350,848
2021 $2,509,287 $2,470,825 $94,806,440 $38,462
2020 $2,455,741 $2,257,299 $84,844,220 $198,442
2019 $2,492,066 $1,844,000 $74,457,907 $648,066
2018 $2,177,450 $1,679,268 $74,281,358 $498,182
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