CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (EIN 381627404) - 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

1959

Legal Domicile

Phone

2485493838

Tax Period

2024-01-01 to 2024-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN, founded in 1959, is a mid-sized nonprofit that reported $19.6M in total revenue in fiscal year 2024. Expenses of $18.4M left a modest 6% surplus.

Mission

WE ARE COMMITTED TO THE FINANCIAL WELL-BEING OF OUR MEMBERS EMPLOYEES AND LOCAL COMMUNITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,490,870

Investment Income $4,157,651

Other Revenue $0

TOTAL REVENUE $19,648,521

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,535,351

Fundraising Expenses $0

Program Expenses $0

Other Expenses $11,849,792

TOTAL EXPENSES $18,385,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,648,521	$18,978,004	+0.0%
Expenses	$18,385,143	$17,405,556	+0.1%
Net Income	$1,263,378	$1,572,448	-0.2%

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

$775,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARREN CAMERON	PRESIDENT CEO	40.00	Officer	$260,000	$20,000	$280,000
TOM BARAN	CHIEF LENDING OFFICER	40.00	Officer	$150,000	$15,000	$165,000
DAN MAIORANO	CHIEF FINANCIAL OFFICER	40.00	Officer	$150,000	$15,000	$165,000
BRIAN COOK	DIRECTOR	2.00	Director	$0	$0	$0
TOM CARDELLI	BOARD DIRECTOR	2.00	Director	$0	$0	$0
JOEL DESHANE	BOARD DIRECTOR	2.00	Director	$0	$0	$0
CJ MIFSUD	BOARD DIRECTOR	2.00	Director	$0	$0	$0
JAMES DRESBACH	BOARD DIRECTOR	2.00	Director	$0	$0	$0
JOE KRIPILI	BOARD CHAIRMAN	2.00	Director	$0	$0	$0
ANDRE VYGNANSKI	CHIEF EXPERIENCE OFFICER	40.00	Officer	$150,000	$15,000	$165,000

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	No data	No data	No data	No data
2024	$19,648,521	$18,385,143	$357,711,147	$1,263,378
2023	$18,978,004	$17,405,556	$364,423,514	$1,572,448
2022	$17,406,777	$15,393,378	$386,093,946	$2,013,399
2021	$14,786,724	$13,473,542	$380,292,543	$1,313,182
2020	$13,696,734	$12,248,320	$316,214,192	$1,448,414
2019	$13,945,791	$11,768,196	$269,276,657	$2,177,595
2018	$13,086,080	$11,734,055	$254,704,891	$1,352,025

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN