Program areas at Credit Unions Chartered in the State of Michigan - 74 Loc Credit Union
Provide 27,518 members with regular savings, checking, money market, certificates of deposit, and ira accounts totaling $398,796,756.
Offer debit cards, digital banking, automated teller machines, wire transfers, various insurance products, and wealth management.
Provide 14,705 loans including vehicle, mortgages, home equity, commercial/business, unsecured, and Credit cards totaling $249,666,774.
Personnel at Credit Unions Chartered in the State of Michigan - 74 Loc Credit Union
| Name | Title | Compensation | Date of data |
|---|
| Stephen P Grech | President and Chief Executive Officer | $126,594 | 2022-12-31 |
| Christena Koester | Executive Vice President Operations and Technology | $145,407 | 2022-12-31 |
| Kari Ciaramitaro | Executive Vice President - Finance and Accounting | $90,431 | 2023-11-06 |
| Jon Elliott | Senior Executive Vice President / President and Chief Executive Officer | $210,654 | 2022-12-31 |
| Terry Boden | Past Treasurer | $0 | 2016-12-31 |
Financials for Credit Unions Chartered in the State of Michigan - 74 Loc Credit Union
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $14,257,350 | $9,052,872 | 57.5% |
| Investment income and dividends | $4,350,746 | $3,090,256 | 40.8% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $168,465 | $-19,442 | 966.5% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $18,776,561 | $12,123,686 | 54.9% |
Organizations like Credit Unions Chartered in the State of Michigan - 74 Loc Credit Union
| Organization | Type | Location | Revenue |
|---|
| Credit Unions Chartered in the State of Michigan - 225 Michigan Legacy Credit Union | 501(c)(14) | Wyandotte, MI | $11,520,985 |
| Credit Unions Chartered in the State of Michigan - 1117 Christian Financial Cu | 501(c)(14) | Sterling Heights, MI | $35,732,823 |
| Credit Unions Chartered in the State of Michigan - 806 Family Financial Credit Union | 501(c)(14) | Muskegon, MI | $6,550,860 |
| CASE Credit Union | 501(c)(14) | Lansing, MI | $20,419,805 |
| Credit Unions Chartered in the State of Michigan - 826 Lake Huron Credit Union | 501(c)(14) | Saginaw, MI | $5,798,313 |
| Credit Unions Chartered in the State of Michigan - 1102 Motor City Co-Op CRDT Un | 501(c)(14) | Clinton Township, MI | $6,722,799 |
| Credit Unions Chartered in the State of Michigan - 276 Parkside Credit Union | 501(c)(14) | Westland, MI | $12,892,569 |
| Credit Unions Chartered in the State of Michigan - 1105 Marshall Community Credit Unio (MCCU) | 501(c)(14) | Marshall, MI | $16,738,081 |
| Credit Unions Chartered in the State of Michigan - 264 Safe Harbor Credit Union | 501(c)(14) | Ludington, MI | $8,484,424 |
| Credit Unions Chartered in the State of Michigan - 414 University of Michigan Cu (UMCU) | 501(c)(14) | Ann Arbor, MI | $52,711,293 |
Data update history
October 22, 2024
Used new vendors
Identified 2 new vendors, including , and
December 31, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 31, 2023
Updated personnel
Identified 9 new personnel
December 25, 2023
Used new vendors
Identified 3 new vendors, including , , and
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
- Address
- 22981 Farmington Rd
- Farmington, MI 48336
- Metro area
- Detroit-Warren-Dearborn, MI
- County
- Oakland County, MI
- Website URL
- loccreditunion.com/Â
- Phone
- (248) 474-2200
IRS details
- EIN
- 38-0549595
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1935
- 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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