CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

EIN: 386060726

BATTLE CREEK, MI

Total Revenue
$56,966,918
Total Expenses
$42,851,901
Total Assets
$907,537,397
Net Assets
$141,511,301
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
MI
Principal Officer
TRACY MILLER
Phone
2699689251
Tax Period
2024-01-01 to 2024-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN, founded in 1941, is a mid-sized nonprofit that reported $57.0M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.1M, a strong 25% operating margin.

Mission

KCCU IS A FULL-SERVICE FINANCIAL INSTITUTION SERVING FAMILIES FOR DECADES. YOUR CREDIT UNION PROVIDES MORE OPPORTUNITY THAN OTHER FINANCIAL INSTITUTIONS BECAUSE IT IS OWNED AND GOVERNED BY THE PEOPLE WHO UTILIZE ITS PRODUCTS AND SERVICES. EVERY MEMBER OWNS A SHARE OF THE CREDIT UNION AND THE CREDIT UNION OPERATES TO PROMOTE THE FINANCIAL WELL-BEING OF ALL ITS 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $46,669,894
Investment Income $10,224,083
Other Revenue $72,941
TOTAL REVENUE $56,966,918

Expense Breakdown

Grants Paid $45,225
Salaries & Benefits $12,829,768
Fundraising Expenses $0
Other Expenses $29,976,908
TOTAL EXPENSES $42,851,901

Year-over-Year Comparison

2024 2023 Change
Revenue $56,966,918 $47,149,535 +0.2%
Expenses $42,851,901 $34,482,401 +0.2%
Net Income $14,115,017 $12,667,134 +0.1%
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
9
Independent Members
9
Employees
213
Volunteers
12

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
6
$1,427,448
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HENRY PAT ROLFE CHAIRPERSON 1.00
Director
$0 $0 $0
MARIE SMITH VICE CHAIRPESON 1.00
Director
$0 $0 $0
MELISSA MILLER SECRETARY 1.00
Director
$0 $0 $0
ROGER E PITZER TREASURER 1.00
Director
$0 $0 $0
CHIRSTOPHER DEMAREST DIRECTOR 1.00
Director
$0 $0 $0
CAROL CASEY DIRECTOR 1.00
Director
$0 $0 $0
E PAUL CHAMBERS DIRECTOR 1.00
Director
$0 $0 $0
SEPH DABROWSKI DIRECTOR 1.00
Director
$0 $0 $0
TREY JUNKINS DIRECTOR 1.00
Director
$0 $0 $0
TRACY MILLER CEO 38.00
Officer
$452,792 $55,327 $508,119
ANTHONY JERRY WRIGHT CFO 38.00
Officer
$204,052 $32,771 $236,823
KATE PRATLEY CHIEF RISK OFFICER 38.00
Officer
$152,155 $29,323 $181,478
AMBER MALLERNEE CCO 38.00
Officer
$180,421 $31,672 $212,093
LINDSEY R LAW CLO 38.00
Officer
$212,046 $18,109 $230,155
JASON CAIN CHIEF TECHNOLOGY OFFICER 38.00
Officer
$56,842 $1,938 $58,780
JERALD PAWLOWICZ FINANCIAL ADVISOR 37.50
Highest
$197,229 $32,018 $229,247
TARA STEELE BUSINESS LENDING MANAGER 37.50
Highest
$129,875 $16,629 $146,504
JESSICA BISSENDEN VP OF HR 37.50
Highest
$118,023 $9,168 $127,191
KELSEY MCALLASTER VP OF RETAIL 37.50
Highest
$118,001 $17,373 $135,374
ELEYAN DABABNEH BUSINESS DEVELOPMENT OFFICER 37.50
Highest
$110,504 $26,991 $137,495
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
2024 $56,966,918 $42,851,901 $907,537,397 $14,115,017
2023 $47,149,535 $34,482,401 $857,416,206 $12,667,134
2022 $40,430,087 $27,503,013 $830,760,566 $12,927,074
2021 $36,696,292 $26,124,231 $818,090,752 $10,572,061
2020 $34,477,684 $26,677,512 $739,548,289 $7,800,172
2019 $32,588,512 $24,954,560 $637,107,774 $7,633,952
2018 $28,629,978 $20,557,731 $531,258,154 $8,072,247
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