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EIN 38-0480170

Diversified Members Credit Union (DMCU)

IRS 501(c) type
501(c)(14)
Num. employees
110
City
Detroit
State
Michigan
Year formed
1929
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Diversified Members Credit Union (DMCU) is dedicated to serving the entire state of Michigan with the most up-to-date banking services, the most affordable rates and the highest quality customer service representatives.
Related structure
DMCU 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; Detroit Metropolitan Credit Union
Total revenues
$16,731,816
2023
Total expenses
$25,889,308
2023
Total assets
$480,989,264
2023
Num. employees
110
2023

Program areas at DMCU

To provide friendly, personal, financial services in a professional atmosphere to all Members.
To provide friendly, personal, financial services in a professional atmosphere to all Members.

Personnel at DMCU

NameTitleCompensation
Kathie TrembathChief Executive Officer - Former$351,807
Sati SmithPresident and Chief Executive Officer$252,610
Sheri LaboeChief Operating Officer$91,732
Mark EvensonChief Financial Officer$32,308
Colleen ScottChief Marketing Officer$189,799
...and 10 more key personnel

Financials for DMCU

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$16,156,282
Investment income and dividends$4,269,996
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-9,724,826
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$6,030,364
Total revenues$16,731,816

Form 990s for DMCU

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-15990View PDF
2022-122023-05-08990View PDF
2021-122022-04-27990View PDF
2020-122021-04-22990View PDF
2019-122021-06-07990View PDF
...and 10 more Form 990s
Data update history
August 13, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 7, 2024
Updated personnel
Identified 8 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 15, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
1480 E Jefferson Ave
Detroit, MI 48207
Metro area
Detroit-Warren-Dearborn, MI
County
Wayne County, MI
Website URL
dmcu.com/ 
Phone
(313) 568-5000
Facebook page
DiversifiedMembersCreditUnion 
Twitter profile
@dmcreditunion 
IRS details
EIN
38-0480170
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1929
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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