EIN 38-1627404

Credit Unions Chartered in the State of Michigan - 837 Our Credit Union

Name: Credit Unions Chartered in the State of Michigan - 837 Our Credit Union financials for 2023
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

Royal Oak

State

Michigan

Year formed

1959

Most recent tax filings

2023-12-01

NTEE code, primary

W60: Financial Institutions, Credit Unions

Description

As a member owned financial cooperative, we will uphold the highest standards in our relationships with members, employees, and the community. We will maintain earnings and reserves which promote sound growth and encourage member confidence.

Related structure

Credit Unions Chartered in the State of Michigan - 837 Our Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.

Also known as...

Credit Unions Chartered in the State of Michigan; Credit Unions Chartered in the 837 Our Credit Union; 837 Our Credit Union; Our Credit Union

Total revenues

$18,978,004

2023

Total expenses

$17,405,556

2023

Total assets

$364,423,514

2023

Num. employees

2023

Program areas at Credit Unions Chartered in the State of Michigan - 837 Our Credit Union

Promoted thrift to 22,794 members by offering loans deposits and other related financial products

Personnel at Credit Unions Chartered in the State of Michigan - 837 Our Credit Union

Name	Title	Compensation	Date of data
Darren Cameron	President Chief Executive Officer	$250,000	2023-12-31
Stacy Wilson	Chief Operations Officer	$140,000	2022-12-31
Dan Maiorano	Chief Financial Officer	$145,000	2024-04-23
Daniel Maiorano	Past Chief Financial Officer	$100,000	2021-06-30
Tina Dix	Past President Chief Executive Officer / President and Chief Executive Officer	$210,000	2021-12-31
...and 5 more key personnel

Financials for Credit Unions Chartered in the State of Michigan - 837 Our Credit Union

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$0	$0	-
Program services	$15,841,022	$15,211,209	4.1%
Investment income and dividends	$3,136,982	$2,195,568	42.9%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
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	$18,978,004	$17,406,777	9%

Form 990s for Credit Unions Chartered in the State of Michigan - 837 Our Credit Union

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-04-23	990	View PDF
2022-12	2023-04-25	990	View PDF
2021-12	2022-04-26	990	View PDF
2020-12	2021-06-30	990	View PDF
2019-12	2020-09-30	990	View PDF
...and 11 more Form 990s

Organizations like Credit Unions Chartered in the State of Michigan - 837 Our 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
Credit Unions Chartered in the State of Michigan - 1105 Marshall Community Credit Unio (MCCU)	501(c)(14)	Marshall, MI	$13,400,712
Diversified Members Credit Union (DMCU)	501(c)(14)	Detroit, MI	$22,003,363
Credit Unions Chartered in the State of Sovita Credit Union (FASECU)	501(c)(14)	Flint, MI	$13,885,121
Credit Unions Chartered in the State of Michigan - 225 Michigan Legacy Credit Union	501(c)(14)	Wyandotte, MI	$11,520,985
Credit Unions Chartered in the State of Michigan - 1102 Motor City Co-Op CRDT Un	501(c)(14)	Clinton Township, MI	$6,722,799
Credit Unions Chartered in the State of Michigan - 414 University of Michigan Cu (UMCU)	501(c)(14)	Ann Arbor, MI	$52,711,293
Credit Unions Chartered in the State of Michigan - 806 Family Financial Credit Union	501(c)(14)	Muskegon, MI	$6,550,860
Credit Unions Chartered in the State of Michigan - 826 Lake Huron Credit Union	501(c)(14)	Saginaw, MI	$5,798,313

Data update history

July 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

July 11, 2023

Posted financials

Added Form 990 for fiscal year 2022

July 3, 2023

Updated personnel

Identified 1 new personnel

May 10, 2023

Updated personnel

Identified 1 new personnel

October 16, 2021

Posted financials

Added Form 990 for fiscal year 2020

Nonprofit Types

Credit unionsChapter / child organizations

Issues

No issues found

Characteristics

State / local level

General information

Address: 3070 Normandy Rd; Royal Oak, MI 48073
Metro area: Detroit-Warren-Dearborn, MI
County: Oakland County, MI
Website URL: ourcuonline.org/
Phone: (248) 549-3838
Facebook page: OURCreditUnion
Twitter profile: @ourcreditunion

IRS details

EIN: 38-1627404
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1959
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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Credit Unions Chartered in the State of Michigan - 837 Our Credit Union

Program areas at Credit Unions Chartered in the State of Michigan - 837 Our Credit Union

Personnel at Credit Unions Chartered in the State of Michigan - 837 Our Credit Union

Financials for Credit Unions Chartered in the State of Michigan - 837 Our Credit Union

Form 990s for Credit Unions Chartered in the State of Michigan - 837 Our Credit Union

Organizations like Credit Unions Chartered in the State of Michigan - 837 Our Credit Union

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