FEDERAL EMPLOYEES OF CHIPPEWA COUNTY CREDIT UNION

EIN: 381652510

SAULT STE MARIE, MI

Total Revenue
$777,802
Total Expenses
$441,529
Total Assets
N/A
Net Assets
N/A
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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
1957
Legal Domicile
MI
Principal Officer
BRAD BISDORF
Phone
9066324210
Tax Period
2023-01-01 to 2023-12-31

FEDERAL EMPLOYEES OF CHIPPEWA COUNTY CREDIT UNION, founded in 1957, is a small nonprofit that reported $778K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $336K, a strong 43% operating margin.

Mission

PROMOTE THRIFT AMONG ITS MEMBERS AND TO CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST FOR PROVIDENT PURPOSES.

Program Service Accomplishments

Program 1

THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS. PROVIDE A WIDE RANGE OF MEMBER SERVICES INCLUDING, BUT NOT LIMITED TO: MEMBER TRANSACTIONS, PROMOTION AND EDUCATION ON PRODUCTS AND...

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THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS. PROVIDE A WIDE RANGE OF MEMBER SERVICES INCLUDING, BUT NOT LIMITED TO: MEMBER TRANSACTIONS, PROMOTION AND EDUCATION ON PRODUCTS AND SERVICES, OPENING AND CLOSING OF ACCOUNTS, PROCESSING LOANS AND OFFERING CREDIT CARDS. ACCOUNTS OFFERED ARE SHARE SAVINGS, SHARE DRAFT CHECKING, SHARE CERTIFICATES, MONEY MARKET, CLUB ACCOUNTS AND VARIOUS IRA ACCOUNTS. CLUB ACCOUNTS ASSIST MEMBERS TO SAVE FOR EXPENSES SUCH AS VACATIONS, EDUCATION AND CHRISTMAS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $524,808
Investment Income $235,024
Other Revenue $17,970
TOTAL REVENUE $777,802

Expense Breakdown

Grants Paid $0
Salaries & Benefits $211,411
Fundraising Expenses $0
Other Expenses $230,118
TOTAL EXPENSES $441,529

Year-over-Year Comparison

2023 2022 Change
Revenue $777,802 $541,573 +0.4%
Expenses $441,529 $387,360 +0.1%
Net Income $336,273 $154,213 +1.2%
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

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Governance

Voting Members
5
Independent Members
N/A
Employees
4
Volunteers
N/A

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SABRINA OSHELSKI MANAGER/CEO 40.00
$116,946 $3,943 $120,889
JOLENE DEPLONTY TREASURER N/A
Officer Director
$0 $0 $0
BOBBIE LIVERMORE VICE-CHAIRPE N/A
Officer Director
$0 $0 $0
DESIREE MCCURLEY DIRECTOR N/A
Director
$0 $0 $0
KALI PERRON CHAIRPERSON N/A
Director
$0 $0 $0
SUSAN WILLIAMS SECRETARY N/A
Officer Director
$0 $0 $0
BRAD BISDORF VP OF FINANC 40.00
Officer
$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
2023 $777,802 $441,529 No data $336,273
2022 $541,573 $387,360 $16,629,347 $154,213
2021 $459,371 $406,889 $14,887,076 $52,482
2020 $476,793 $391,867 $14,872,119 $84,926
2019 $502,661 $401,253 $12,019,947 $101,408
2018 $480,666 $434,906 $11,374,502 $45,760
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