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  4. Credit Unions Chartered in the State of Michigan - 1038 Frankenmuth Credit Union
EIN 38-1796409

Credit Unions Chartered in the State of Michigan - 1038 Frankenmuth Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
481
City
Frankenmuth
State
Michigan
Year formed
1964
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Frankenmuth Credit Union provides personalized financial solutions, loans, and services to eligible members in Michigan.
Related structure
Credit Unions Chartered in the State of Michigan - 1038 Frankenmuth 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 Frankenmuth Credit Union; 1038 Frankenmuth Credit Union
Total revenues
$70,580,613
2022
Total expenses
$56,921,620
2022
Total assets
$1,198,115,228
2022
Num. employees
481
2022

Program areas at Credit Unions Chartered in the State of Michigan - 1038 Frankenmuth Credit Union

Provide 65,513 members with shares, checking, business savings, business checking, money market, vacation club, christmas club, health savings, ira and certificate of deposit accounts totaling $1,069,100,683.
Offer automated teller machines, interactive teller machines, debit cards, Credit cards, shared branching, money orders, courtesy pay, wire transfers, bill pay, investments services and various insurance programs to all eligible members.
Provide 52,082 share secured, student, signature, business, construction, real estate, home equity, line of Credit, new and used vehicle, recreational vehicle, lease loans, home improvement and Credit card loans.

Grants made by Credit Unions Chartered in the State of Michigan - 1038 Frankenmuth Credit Union

GranteeGrant descriptionAmount
Lakeville Wrestling Alumni AssociationNew Wrestling Mats for K-12$9,104
Millington Youth Wrestling (MYW)Wrestling Equipment for New Facility$8,500

Who funds Credit Unions Chartered in the State of Michigan - 1038 Frankenmuth Credit Union

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Frankenmuth Community Foundation$36,142
The Frankenmuth Community FoundationSecurity Cameras$30,000
The Frankenmuth Community FoundationGreat Lakes Dream Ce$5,101

Personnel at Credit Unions Chartered in the State of Michigan - 1038 Frankenmuth Credit Union

NameTitleCompensation
Vickie SchmitzerChief Executive Officer$566,409
Donna HaubenstrickerVice President of Finance$258,165
Bridget CookDirector of Mortgages / Mortgages Manager$185,149
Brad GnatkowskiMortgage Originator$227,423
Eric NeumeyerPast Chief Executive Officer of Cuso$215,533
...and 7 more key personnel

Financials for Credit Unions Chartered in the State of Michigan - 1038 Frankenmuth Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$69,382,846
Investment income and dividends$1,050,118
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-177,173
Net gain from sale of non-inventory assets$106,479
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$218,343
Total revenues$70,580,613

Form 990s for Credit Unions Chartered in the State of Michigan - 1038 Frankenmuth Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-23990View PDF
2021-122022-10-27990View PDF
2020-122021-09-15990View PDF
2019-122020-11-10990View PDF
2018-122020-02-10990View PDF
...and 10 more Form 990s
Data update history
December 29, 2023
Received grants
Identified 3 new grant, including a grant for $36,142 from The Frankenmuth Community Foundation
December 1, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 30, 2023
Updated personnel
Identified 2 new personnel
November 27, 2023
Used new vendors
Identified 2 new vendors, including , and
July 30, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsState / local levelProvides scholarships
General information
Address
PO Box 209
Frankenmuth, MI 48734
Metro area
Saginaw, MI
County
Saginaw County, MI
Website URL
frankenmuthcu.org/ 
Phone
(989) 497-1600
IRS details
EIN
38-1796409
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1964
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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