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EIN 38-1446160

Credit Unions Chartered in the State of Michigan - 278 Consumers Professional Cu

IRS 501(c) type
501(c)(14)
Num. employees
55
City
Lansing
State
Michigan
Year formed
1953
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Consumers Professional Credit Union commits to building lifelong relationships with members and providing the greatest service experience. The Credit Union offers a variety of loans, such as real estate, credit card, and vehicle loans, with 2,382 outstanding as of 12/31/2022. Additionally, it provides deposit account types like savings, checking, and certificates to its 5,316 members.
Related structure
Credit Unions Chartered in the State of Michigan - 278 Consumers Professional Cu is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Consumers Professional Credit Union; 278 Consumers Professional Cu
Total revenues
$7,314,423
2023
Total expenses
$5,573,176
2023
Total assets
$134,080,796
2023
Num. employees
55
2023

Program areas at Credit Unions Chartered in the State of Michigan - 278 Consumers Professional Cu

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 7,795.
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 3,652.

Personnel at Credit Unions Chartered in the State of Michigan - 278 Consumers Professional Cu

NameTitleCompensation
Terry GarrisonPresident and Chief Executive Officer
Kathy SchroederVice President$122,660

Financials for Credit Unions Chartered in the State of Michigan - 278 Consumers Professional Cu

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$4,496,195
Investment income and dividends$2,525,582
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-135,836
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$428,482
Total revenues$7,314,423

Form 990s for Credit Unions Chartered in the State of Michigan - 278 Consumers Professional Cu

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-21990View PDF
2022-122023-05-03990View PDF
2021-122022-05-12990View PDF
2020-122021-05-11990View PDF
2019-122020-12-14990View PDF
...and 9 more Form 990s
Data update history
December 10, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 27, 2024
Updated personnel
Identified 2 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
525 W Willow St
Lansing, MI 48906
Metro area
Lansing-East Lansing, MI
County
Ingham County, MI
Phone
(517) 372-2400
IRS details
EIN
38-1446160
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1953
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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