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  4. Credit Unions Chartered in the State of Michigan - 1046 River Valley Credit Union
EIN 38-6119310

Credit Unions Chartered in the State of Michigan - 1046 River Valley Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
37
City
Ada
State
Michigan
Year formed
1965
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Credit Unions Chartered in the State of Michigan - 1046 River Valley Credit Union provides financial services and products to members, including a variety of loans such as real estate, credit card, vehicle and others. As of 12/31/2022, the Credit Union had 5,063 outstanding loans. The Credit Union also offers several deposit account types to members such as savings, checking, certificates and others. At the end of 12/31/2022, the total number of members was 9,814.
Related structure
Credit Unions Chartered in the State of Michigan - 1046 River Valley Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
River Valley Credit Union
Total revenues
$6,251,594
2023
Total expenses
$4,907,186
2023
Total assets
$120,399,657
2023
Num. employees
37
2023

Program areas at Credit Unions Chartered in the State of Michigan - 1046 River Valley 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 9,699
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 5,301

Personnel at Credit Unions Chartered in the State of Michigan - 1046 River Valley Credit Union

NameTitleCompensation
Janelle FrankeChief Executive Officer$181,572
Teresa CummingsChief Operating Officer$101,608
Eric Cutter PhillipsVice President$108,273
Janelle HiggisonChief Executive Officer and Treasurer

Financials for Credit Unions Chartered in the State of Michigan - 1046 River Valley Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$5,257,154
Investment income and dividends$994,440
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$6,251,594

Form 990s for Credit Unions Chartered in the State of Michigan - 1046 River Valley Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-03990View PDF
2022-122023-07-25990View PDF
2021-122022-11-06990View PDF
2020-122021-06-30990View PDF
2019-122020-08-28990View PDF
...and 10 more Form 990s
Data update history
August 4, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 24, 2023
Updated personnel
Identified 1 new personnel
August 21, 2023
Used new vendors
Identified 1 new vendor, including
July 31, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsState / local level
General information
Address
7177 Headley St Se
Ada, MI 49301
Metro area
Grand Rapids-Kentwood, MI
County
Kent County, MI
Website URL
myrivervalleycu.org/ 
Phone
(616) 787-7481
IRS details
EIN
38-6119310
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1965
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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