EIN 38-1907619

Bloom Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
58
Year formed
1951
Most recent tax filings
2023-12-01
Description
Bloom Credit Union offers financial services and products to its members with a mission to provide quality service. It provides several types of deposit accounts such as savings, checking, certificates, and others, and has a membership base of 13,439 as of December 31st, 2023. Furthermore, it provides various loan options including real estate loans, credit card loans, vehicle loans, and others. As of December 31st, 2023, the Credit Union had 9,083 outstanding loans.
Related structure
Bloom 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 My Personal Credit Union; My Personal Credit Union
Total revenues
$12,667,168
2023
Total expenses
$10,468,944
2023
Total assets
$190,623,038
2023
Num. employees
58
2023

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 12/31/2023 was 13,439
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 12/31/2023 was 9083

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 12/2023
Total grants, contributions, etc.$0
Program services$10,428,538
Investment income and dividends$1,847,482
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$391,148
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$12,667,168

Form 990s for Bloom Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-26990View PDF
2022-122023-04-26990View PDF
2021-122022-09-26990View PDF
2020-122021-11-15990View PDF
2019-122021-04-28990OView PDF
...and 11 more Form 990s
Data update history
July 14, 2024
Used new vendors
Identified 2 new vendors, including , and
July 9, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2020
July 5, 2023
Posted financials
Added Form 990 for fiscal year 2022
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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