EIN 38-6066911

Michigan Credit Union Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1954
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The Michigan Credit Union Foundation empowers credit unions to increase financial well-being by supporting community enrichment, financial education, and credit union development initiatives. The foundation provides awards, grants, and scholarships to organizations and individuals on behalf of the Credit Union movement.
Related structure
Michigan Credit Union Foundation is a subordinate organization under Michigan Credit Union League.
Total revenues
$347,118
2022
Total expenses
$232,516
2022
Total assets
$1,096,082
2022
Num. employees
0
2022

Program areas at Michigan Credit Union Foundation

Provide awards, grants and scholarships to organizations and individuals on behalf of the Credit Union movement.

Grants made by Michigan Credit Union Foundation

GranteeGrant descriptionAmount
Michigan Council on Economic EducationFinancial Education Programs & Activities$24,000
National Credit Union FoundationExploring Why Workshop$18,000
Credit Unions Chartered in the State of Michigan - 1202 Advantage One Credit UnionCommunity Enrichment Grants$14,000
...and 8 more grants made

Who funds Michigan Credit Union Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Community Financial Credit Union (CFCU)General Support$260,000
Credit UNIONS CHARTERED IN THE STATE OF Michigan - 126 Members First Credit Union (MFCU)Charitable Contribution$10,000
Michigan First FoundationCommunity Support$1,000
...and 1 more grant received

Personnel at Michigan Credit Union Foundation

NameTitleCompensation
Beth TroostExecutive Director$0
Dave BrandtVice President$0
Kyle GurzynskiPresident$0
Chrissy SidersSecretary and Treasurer$0
Carma PetersPresident$0
...and 1 more key personnel

Financials for Michigan Credit Union Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$331,224
Program services$0
Investment income and dividends$15,894
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$347,118

Form 990s for Michigan Credit Union Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-24990View PDF
2021-122022-04-14990View PDF
2020-122021-11-12990View PDF
2019-122021-02-26990View PDF
2018-122020-01-31990View PDF
...and 9 more Form 990s
Data update history
October 23, 2023
Received grants
Identified 1 new grant, including a grant for $1,000 from Michigan First Foundation
October 8, 2023
Updated personnel
Identified 2 new personnel
October 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 7, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Grantmaking organizationsCredit unionsChapter / child organizationsCharities
Issues
Education
Characteristics
Provides grantsState / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 8054
Plymouth, MI 48170
Metro area
Detroit-Warren-Dearborn, MI
County
Wayne County, MI
Website URL
mcul.org/about-mcuf 
Phone
(734) 793-3420
IRS details
EIN
38-6066911
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1954
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T30: Public Foundations
NAICS code, primary
522130: Credit Unions
Parent/child status
Subordinate organization
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