EIN 38-1678297

Compass Community Credit Union / Compass Credit Union

Name: Compass Community Credit Union / Compass Credit Union financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Personnel|Financials|Form 990s|Peers

IRS 501(c) type

501(c)(14)

Num. employees

City

Sparta

State

Michigan

Year formed

1956

Most recent tax filings

2022-12-01

NTEE code, primary

W60: Financial Institutions, Credit Unions

Description

Compass Community Credit Union / Compass Credit Union offers financial services and products to its members. It provides a range of loans, such as real estate, credit card, vehicle, and others, with 4,232 outstanding loans as of 12/31/2021. The credit union also offers different deposit account types, including savings, checking, certificates, and more. Its membership base has grown to 7,439 as of 12/31/2021.

Related structure

Compass Community Credit Union / Compass Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.

Also known as...

Rogue River Community Credit Union; Credit Unions Chartered in the State of Michigan; Compass Credit Union

Total revenues

$4,649,637

2022

Total expenses

$3,858,717

2022

Total assets

$93,588,462

2022

Num. employees

2022

Program areas at Compass Community Credit Union / Compass Credit Union

The Credit Union provides savings products to members. The total number of members at 12/31/22 is 8,192

The Credit Union provides loans to members. The total number of loans outstanding at 12/31/22 was 4,865

Personnel at Compass Community Credit Union / Compass Credit Union

Name	Title	Compensation	Date of data
Erica Bauer	Chief Executive Officer	$159,637	2022-12-31
Chris Harris	Chief Financial Officer	$10,000	2023-11-13
Kevin Pinckney	Treasurer / Secretary / Director	$0	2019-12-31
Connie Shaw-Traxler	Past Chief Executive Officer	$74,567	2015-04-07
Sue Dutkiewicz	Vice President Operations	$49,966	2014-12-31

Financials for Compass Community Credit Union / Compass Credit Union

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$0	$0	-
Program services	$4,186,666	$3,326,241	25.9%
Investment income and dividends	$462,971	$462,869	0%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$79,735	-100%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$4,649,637	$3,868,845	20.2%

Form 990s for Compass Community Credit Union / Compass Credit Union

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-13	990	View PDF
2021-12	2022-11-10	990	View PDF
2020-12	2021-05-12	990	View PDF
2019-12	2020-09-17	990	View PDF
2018-12	2019-08-20	990O	View PDF
...and 9 more Form 990s

Organizations like Compass Community Credit Union / Compass Credit Union

Organization	Type	Location	Revenue
Credit Unions Chartered in the State of Michigan - 110 Michigan Community Credit Union	501(c)(14)	Jackson, MI	$8,683,489
Credit Unions Chartered in the State of Michigan 722 TriPointe Community CU	501(c)(14)	Grand Blanc, MI	$6,904,535
CASE Credit Union	501(c)(14)	Lansing, MI	$20,419,805
Credit Unions Chartered in the State of Michigan - 826 Lake Huron Credit Union	501(c)(14)	Saginaw, MI	$5,798,313
Credit Unions Chartered in the State of Michigan - 74 Loc Credit Union	501(c)(14)	Farmington, MI	$12,123,686
Credit Unions Chartered in the State of Michigan - 1102 Motor City Co-Op CRDT Un	501(c)(14)	Clinton Township, MI	$6,722,799
Diversified Members Credit Union (DMCU)	501(c)(14)	Detroit, MI	$22,003,363
Credit Unions Chartered in the State of Michigan - 276 Parkside Credit Union	501(c)(14)	Westland, MI	$11,368,957
Credit Unions Chartered in the State of Michigan - 1105 Marshall Community Credit Union (MCCU)	501(c)(14)	Marshall, MI	$13,400,712
Credit Unions Chartered in the State of Michigan - 806 Family Financial Credit Union	501(c)(14)	Muskegon, MI	$6,550,860

Data update history

January 21, 2024

Posted financials

Added Form 990 for fiscal year 2022

January 21, 2024

Updated personnel

Identified 1 new personnel

December 31, 2023

Used new vendors

Identified 2 new vendors, including , and

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

July 8, 2023

Updated personnel

Identified 1 new personnel

Nonprofit Types

Credit unionsChapter / child organizations

Issues

No issues found

Characteristics

State / local level

General information

Address: 485 S State St; Sparta, MI 49345
Metro area: Grand Rapids-Kentwood, MI
County: Kent County, MI
Website URL: compasscu.com/
Phone: (616) 887-8262

IRS details

EIN: 38-1678297
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1956
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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Compass Community Credit Union / Compass Credit Union

Program areas at Compass Community Credit Union / Compass Credit Union

Personnel at Compass Community Credit Union / Compass Credit Union

Financials for Compass Community Credit Union / Compass Credit Union

Form 990s for Compass Community Credit Union / Compass Credit Union

Organizations like Compass Community Credit Union / Compass Credit Union

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