EIN 38-1907619

Bloom Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
71
Year formed
1951
Most recent tax filings
2022-12-01
Description
To provide members with quality financial services, which as a whole, meet their needs better than any other financial institution while providing long-term growth and stability for both members and the credit union. Providing long term growth and stability for both members and the Credit Union. To provide financial services to member owners with a common bond,. Provide financial services and products to members.
Related structure
Bloom Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
My Personal Credit Union; Credit Unions Chartered in the State of Michigan My Personal Credit Union
Total revenues
$10,150,900
2022
Total expenses
$8,699,422
2022
Total assets
$191,618,992
2022
Num. employees
71
2022

Program areas at Bloom Credit Union

The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2022 was 13,401.
The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2022 was 8,672.

Personnel at Bloom Credit Union

NameTitleCompensation
Joseph HeintskillChief Executive Officer$171,153
Robert DraegerChief Financial Officer$122,602
Rebecca BainesVice President Operations$118,918
Daniel BainesFormer Chief Executive Officer / Former Chief Executive Officer / President and Chief Executive Officer$130,042
Joe HeintskillPast Chief Financial Officer$85,611

Financials for Bloom Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$8,948,734
Investment income and dividends$1,202,166
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$10,150,900

Form 990s for Bloom Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-04-26990View PDF
2021-122022-09-26990View PDF
2020-122021-11-15990View PDF
2019-122021-04-28990OView PDF
2018-122019-06-19990View PDF
...and 10 more Form 990s
Data update history
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2020
July 5, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 29, 2023
Updated personnel
Identified 1 new personnel
May 14, 2023
Updated personnel
Identified 6 new personnel
May 10, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsState / local level
General information
Address
1414 Burton St SW
Wyoming, MI 49509
Metro area
Grand Rapids-Kentwood, MI
County
Kent County, MI
Website URL
bloomcu.org/ 
Phone
(616) 452-2161
IRS details
EIN
38-1907619
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1951
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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