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EIN 38-0855535

Credit Unions Chartered in the State of Michigan - 118 Adventure Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
140
City
Grand Rapids
State
Michigan
Year formed
1936
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Adventure Credit Union: Grand Rapids-based financial institution providing loans, deposits and various other financial products to over 30,000 members.
Related structure
Credit Unions Chartered in the State of Michigan - 118 Adventure Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Adventure Credit Union; Option 1 Credit Union
Total revenues
$25,011,714
2023
Total expenses
$22,514,647
2023
Total assets
$434,891,084
2023
Num. employees
140
2023

Program areas at Credit Unions Chartered in the State of Michigan - 118 Adventure Credit Union

Adventure Credit Union served and continues to serve the financial needs of 31,594 members by offering loans, deposits and various other financial products.

Personnel at Credit Unions Chartered in the State of Michigan - 118 Adventure Credit Union

NameTitleCompensation
Ann Marie NelsonChief Executive Officer and President$284,886
Amanda GarabedianChief Operating Officer$150,719
Jerry MaueChief Financial Officer$144,753
Shanna SchneiderVice President of Operations$103,634
Timothy LoganSenior Vice President of It$105,687
...and 17 more key personnel

Financials for Credit Unions Chartered in the State of Michigan - 118 Adventure Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$22,517,218
Investment income and dividends$2,464,496
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$30,000
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$25,011,714

Form 990s for Credit Unions Chartered in the State of Michigan - 118 Adventure Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-27990View PDF
2022-122023-11-15990View PDF
2021-122022-11-11990View PDF
2020-122021-11-10990View PDF
2018-122020-02-18990View PDF
...and 9 more Form 990s
Data update history
January 9, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 8, 2024
Updated personnel
Identified 6 new personnel
December 27, 2023
Used new vendors
Identified 2 new vendors, including , and
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelCommunity engagement / volunteering
General information
Address
630 32nd St Se
Grand Rapids, MI 49548
Metro area
Grand Rapids-Kentwood, MI
County
Kent County, MI
Website URL
adventurecu.org/ 
Phone
(616) 243-0125
IRS details
EIN
38-0855535
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1936
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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