CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (EIN 381555453) - Form 990 Financial Analysis & Trantor Score

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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

Eric Samon

Phone

5177872220

Tax Period

2025-01-01 to 2025-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN, founded in 1954, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2025. Expenses of $4.4M left a modest 4% surplus.

Mission

We are a credit union owned by 6,802 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 $3,136,332

Investment Income $1,466,680

Other Revenue $0

TOTAL REVENUE $4,603,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,508,096

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,913,358

TOTAL EXPENSES $4,421,454

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,603,012	$4,637,259	0.0%
Expenses	$4,421,454	$4,038,433	+0.1%
Net Income	$181,558	$598,826	-0.7%

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

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

Total Directors

Key Employees

$372,220

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terri Papiersky	CEO - Retired 11/3/2025	40	Key Emp Highest	$196,631	$32,600	$229,231
Eric Samon	CEO as of 11/03/2025	40	Key Emp	$127,289	$15,700	$142,989
Harold White	Vice - Chair	1	Director	$0	$0	$0
Steven Makulski	Board Secretary	1	Director	$0	$0	$0
Donald Ray	Treasurer	1	Director	$0	$0	$0
Judith Landau	Board Chair	1	Director	$0	$0	$0
Carolyn Moser	Board Member	1	Director	$0	$0	$0
Steven Barrons	Director	1	Director	$0	$0	$0

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	$4,603,012	$4,421,454	$84,839,917	$181,558
2024	$4,637,259	$4,038,433	$83,552,389	$598,826
2023	$4,629,262	$4,318,589	$84,205,920	$310,673
2022	$3,388,000	$2,988,378	$94,285,461	$399,622
2021	$3,058,882	$2,731,083	$93,670,562	$327,799
2020	$3,471,245	$3,468,918	$87,987,541	$2,327
2019	$3,993,123	$3,763,128	$77,951,129	$229,995
2018	$3,765,409	$3,496,625	$74,643,649	$268,784

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN