EIN 38-1608518

Credit Unions Chartered in the State of Michigan - 749 Michigan Coastal Credit Union

Name: Credit Unions Chartered in the State of Michigan - 749 Michigan Coastal Credit Union financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Personnel|Financials|Form 990s|Peers

IRS 501(c) type

501(c)(14)

Num. employees

City

Muskegon

State

Michigan

Year formed

1958

Most recent tax filings

2022-12-01

NTEE code, primary

W60: Financial Institutions, Credit Unions

Description

Michigan Coastal Credit Union prioritizes members with tailored savings and loan programs, fostering community and providing easy access to financial services.

Related structure

Credit Unions Chartered in the State of Michigan - 749 Michigan Coastal Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.

Also known as...

Michigan Coastal Credit Union

Total revenues

$1,722,570

2022

Total expenses

$1,647,583

2022

Total assets

$26,406,478

2022

Num. employees

2022

Program areas at Credit Unions Chartered in the State of Michigan - 749 Michigan Coastal Credit Union

The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/22 was 2,895.

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 12/31/2022 was 1,898.

Personnel at Credit Unions Chartered in the State of Michigan - 749 Michigan Coastal Credit Union

Name	Title	Compensation	Date of data
Rob Viland	Chief Executive Officer	$88,350	2023-07-24
Jackie Moinet	Past Chief Executive Officer		2017-09-01

Financials for Credit Unions Chartered in the State of Michigan - 749 Michigan Coastal Credit Union

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$0	$0	-
Program services	$1,695,770	$1,407,133	20.5%
Investment income and dividends	$26,800	$74,535	-64%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$4,097	-100%
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	$1,722,570	$1,485,765	15.9%

Form 990s for Credit Unions Chartered in the State of Michigan - 749 Michigan Coastal Credit Union

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-07-24	990	View PDF
2021-12	2022-10-17	990	View PDF
2020-12	2021-06-30	990	View PDF
2019-12	2020-09-10	990	View PDF
2018-12	2019-06-19	990	View PDF
...and 10 more Form 990s

Organizations like Credit Unions Chartered in the State of Michigan - 749 Michigan Coastal Credit Union

Organization	Type	Location	Revenue
FEDCom Credit Union	501(c)(14)	Grand Rapids, MI	$3,582,290
Credit Unions Chartered in the State of Michigan - 1099 Wolverine State Credit Union	501(c)(14)	Alpena, MI	$6,150,132
Credit Unions Chartered in the State of Michigan - 43 Country Heritage Credit Union	501(c)(14)	Buchanan, MI	$2,261,922
Credit Unions Chartered in the State of Michigan - 741 Meijer Credit Union	501(c)(14)	Grand Rapids, MI	$6,376,544
Credit Unions Chartered in the State of Michigan - 1150 Credit Union Advantage Cu	501(c)(14)	Southfield, MI	$1,258,102
Credit Unions Chartered in the State of Michigan - 1183 Wexford Community Credit Union	501(c)(14)	Cadillac, MI	$4,646,021
Credit Unions Chartered in the State of Michigan - 310 First General Credit Union (FGCU)	501(c)(14)	Muskegon, MI	$2,834,820
Credit Unions Chartered in the State of Michigan - 1043 COPOCO Community Credit Union	501(c)(14)	Bay City, MI	$4,868,820
Credit Unions Chartered in the State of Michigan - 672 Fed Empl of Chippewa Cred U	501(c)(14)	Sault Sainte Marie, MI	$541,573
Credit Unions Chartered in the State of Michigan - 1102 Motor City Co-Op CRDT Un	501(c)(14)	Clinton Township, MI	$6,722,799

Data update history

August 24, 2023

Posted financials

Added Form 990 for fiscal year 2022

August 19, 2023

Used new vendors

Identified 1 new vendor, including

July 27, 2023

Posted financials

Added Form 990 for fiscal year 2021

November 3, 2022

Used new vendors

Identified 1 new vendor, including

October 15, 2021

Posted financials

Added Form 990 for fiscal year 2020

Nonprofit Types

Credit unionsChapter / child organizations

Issues

No issues found

Characteristics

MembershipsState / local level

General information

Address: 1086 Creston St; Muskegon, MI 49442
Metro area: Muskegon, MI
County: Muskegon County, MI
Website URL: michigancoastal.com/
Phone: (231) 777-3620

IRS details

EIN: 38-1608518
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1958
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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Credit Unions Chartered in the State of Michigan - 749 Michigan Coastal Credit Union

Program areas at Credit Unions Chartered in the State of Michigan - 749 Michigan Coastal Credit Union

Personnel at Credit Unions Chartered in the State of Michigan - 749 Michigan Coastal Credit Union

Financials for Credit Unions Chartered in the State of Michigan - 749 Michigan Coastal Credit Union

Form 990s for Credit Unions Chartered in the State of Michigan - 749 Michigan Coastal Credit Union

Organizations like Credit Unions Chartered in the State of Michigan - 749 Michigan Coastal Credit Union

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