EXTRA CREDIT UNION

EIN: 381536749

WARREN, MI

Total Revenue
$31,576,257
Total Expenses
$23,795,839
Total Assets
$336,287,147
Net Assets
$55,079,334
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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
MI
Principal Officer
DEIDRA M WILLIAMS
Phone
5862763000
Tax Period
2025-01-01 to 2025-12-31

EXTRA CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $31.6M in total revenue in fiscal year 2025. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.8M, a strong 25% operating margin.

Mission

TO ENHANCE THE FINANCIAL WELL-BEING FOR MEMBERS AND POTENTIAL MEMBERS BY PROVIDING QUALITY, VALUE, AND CONVENIENCE IN OUR PRODUCTS AND SERVICES WHICH PROMOTES MEMBER CONFIDENCE AND LOYALTY WHILE MAINTAINING FINANCIAL STABILITY.

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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 $28,042,165
Investment Income $3,534,092
Other Revenue $0
TOTAL REVENUE $31,576,257

Expense Breakdown

Grants Paid $18,000
Salaries & Benefits $9,442,371
Fundraising Expenses $0
Other Expenses $14,335,468
TOTAL EXPENSES $23,795,839

Year-over-Year Comparison

2025 2024 Change
Revenue $31,576,257 $26,104,511 +0.2%
Expenses $23,795,839 $21,905,872 +0.1%
Net Income $7,780,418 $4,198,639 +0.9%
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

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Governance

Voting Members
7
Independent Members
7
Employees
105
Volunteers
8

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
3
$1,062,082
Total Directors
8
$0
Key Employees
2
$456,954
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE COVERT CHAIRPERSON 1.00
Director
$0 $0 $0
DONALD SLAGEL VICE CHAIRPERSON 1.00
Director
$0 $0 $0
JOHN PERMALOFF TREASURER 1.00
Director
$0 $0 $0
CLAUDIA MULLIN SECRETARY 1.00
Director
$0 $0 $0
PHILLIP JANKOWSKI BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL STROUD BOARD MEMBER 1.00
Director
$0 $0 $0
KENNETH MEERSCHAERT BOARD MEMBER 1.00
Director
$0 $0 $0
KURT SUTTON ASSOCIATE BOARD DIRECTOR 1.00
Director
$0 $0 $0
DEIDRA WILLIAMS PRESIDENT/CEO 65.00
Officer
$590,344 $47,719 $638,063
KRISTIN KASINEC VP OF FINANCE 55.00
Officer
$286,044 $31,268 $317,312
JARED CHAUVIN EXECUTIVE VICE PRESIDENT 55.00
Officer
$105,942 $765 $106,707
JAMES MCQUEEN VP OF MEMBER SERVICES 55.00
Key Emp
$242,131 $27,176 $269,307
RUTHANN VAROSI VP OF MARKETING 55.00
Key Emp
$164,930 $22,717 $187,647
STACEY COMISKA AVP FINANCE 50.00
Highest
$180,021 $28,719 $208,740
PAUL SHAMMAS IT MANAGER 50.00
Highest
$150,229 $11,433 $161,662
MARY KAY OSGOOD AVP RISK & COMPLIANCE 50.00
Highest
$135,269 $25,255 $160,524
PERRY SIMMONS AVP MEMBER RELATIONSHIP 50.00
Highest
$142,735 $27,080 $169,815
GINA BELCOURT FRAUD OPERATIONS MANAGER 50.00
Highest
$127,945 $22,616 $150,561
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 $31,576,257 $23,795,839 $336,287,147 $7,780,418
2024 $26,104,511 $21,905,872 $317,846,583 $4,198,639
2023 $24,218,411 $19,212,785 $311,717,527 $5,005,626
2022 $20,868,717 $16,640,278 $314,332,667 $4,228,439
2021 $18,894,161 $13,912,428 $324,083,688 $4,981,733
2020 $19,980,667 $13,847,394 $290,366,632 $6,133,273
2019 $19,034,085 $16,286,151 $236,332,868 $2,747,934
2018 $17,630,120 $15,670,873 $231,278,409 $1,959,247
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