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EIN 38-1624824

Credit Unions Chartered in the State of Michigan - 406 Michigan One Community Credit U

IRS 501(c) type
501(c)(14)
Num. employees
68
City
Ionia
State
Michigan
Year formed
1954
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Credit Unions Chartered in the State of Michigan - 406 Michigan One Community Credit U offers a range of financial services and products to its members. It provides several deposit account types such as savings, checking, certificate, and others, with a current membership count of 19,098 as of 12/31/2022. Additionally, it provides real estate, credit card, vehicle and other loan types to its members, with a total number of outstanding loans at 12/31/2022 standing at 9,972. The Credit Union is located in Ionia, MI.
Related structure
Credit Unions Chartered in the State of Michigan - 406 Michigan One Community Credit U is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Michigan One Community Credit Union
Total revenues
$11,245,265
2023
Total expenses
$9,967,232
2023
Total assets
$211,875,574
2023
Num. employees
68
2023

Program areas at Credit Unions Chartered in the State of Michigan - 406 Michigan One Community Credit U

The Credit Union provides several deposit account types to members including savings, checking, certificate and other. The total number of current members at 12/31/2023 was 18,798
The Credit Union provides a variety of loan types to members including real estate, Credit card, vehicle and other. The total number of loans outstanding at 12/31/2023 was 9,450.

Personnel at Credit Unions Chartered in the State of Michigan - 406 Michigan One Community Credit U

NameTitleCompensation
Hailie PattersonChief Executive Officer$175,666
Jackie TheboChief Operating Officer$134,398
Alisha VanhornChief Financial Officer$116,714
Dawn KetchumExecutive Director$131,751
Timothy HemenwayFormer Chief Executive Officer$138,055

Financials for Credit Unions Chartered in the State of Michigan - 406 Michigan One Community Credit U

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$10,469,405
Investment income and dividends$775,860
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$11,245,265

Form 990s for Credit Unions Chartered in the State of Michigan - 406 Michigan One Community Credit U

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-17990View PDF
2022-122023-04-17990View PDF
2021-122022-08-30990View PDF
2020-122021-06-30990View PDF
2019-122020-10-13990View PDF
...and 10 more Form 990s
Data update history
July 14, 2024
Used new vendors
Identified 3 new vendors, including , , and
June 21, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 15, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 13, 2023
Updated personnel
Identified 1 new personnel
June 10, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsState / local level
General information
Address
510 S Dexter St
Ionia, MI 48846
Metro area
Grand Rapids-Kentwood, MI
County
Ionia County, MI
Website URL
m1ccu.org/ 
Phone
(616) 527-3900
IRS details
EIN
38-1624824
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1954
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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