Ionia, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MICHIGAN ONE CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $14.6M in total revenue in fiscal year 2025. Expenses of $12.6M left a modest 14% surplus.
PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS.
THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, CERTIFICATE AND OTHER. THE TOTAL NUMBER OF CURRENT MEMBERS AT 12/31/2025 WAS 18,606.
THE CREDIT UNION PROVIDES A VARIETY OF LOAN TYPES TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/2025 WAS 9,729.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $14,644,554 | $13,898,983 | +0.1% |
| Expenses | $12,619,439 | $11,858,312 | +0.1% |
| Net Income | $2,025,115 | $2,040,671 | 0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| HAILIE PATTERSON | CEO | 40.00 |
Officer
|
$297,557 | $69,309 | $366,866 |
| ALISHA VANHORN | CFO | 40.00 |
Officer
|
$152,817 | $36,555 | $189,372 |
| JACKIE THEBO | Vice President | 40.00 |
Officer
|
$134,562 | $47,564 | $182,126 |
| DAWN KETCHUM | COO | 40.00 |
Officer
|
$151,106 | $24,018 | $175,124 |
| LON MACLACHLAN | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| ABBY STALKER | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| ROGER VANDERMOLEN | Treasurer | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL WALCZAK | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| MALLORY BOWERMAN | Chairman | 1.00 |
Director
|
$0 | $0 | $0 |
| ROSEMARY REAMS | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| MITCHELL MERCER | Secretary | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $14,644,554 | $12,619,439 | $232,171,556 | $2,025,115 |
| 2024 | $13,898,983 | $11,858,312 | $223,956,482 | $2,040,671 |
| 2023 | $11,245,265 | $9,967,232 | $211,875,574 | $1,278,033 |
| 2022 | $9,672,809 | $7,454,860 | $200,006,546 | $2,217,949 |
| 2021 | $8,784,579 | $6,624,709 | $185,078,724 | $2,159,870 |
| 2020 | $8,171,302 | $6,800,618 | $162,274,250 | $1,370,684 |
| 2019 | $8,336,794 | $7,159,629 | $134,226,165 | $1,177,165 |
| 2018 | $7,540,525 | $6,224,061 | $118,756,456 | $1,316,464 |
Compare MICHIGAN ONE CREDIT UNION with other nonprofits in Michigan and across the country.