EIN 38-6066911

Michigan Credit Union Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1954
Most recent tax filings
2023-12-01
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
$432,747
2023
Total expenses
$241,548
2023
Total assets
$1,284,050
2023
Num. employees
0
2023

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 EducationPersonal Finance Challenge Sponsorship & Smartpath Sponsorship$31,500
Michigan Credit Union LeagueFuelmi & Yp Conference$25,265
Credit Unions Chartered in the State of Michigan - 0680 FreeStar Financial Credit UnioCommunity Enrichment Grants$9,000
...and 4 more grants made

Who funds Michigan Credit Union Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Lake Trust Credit UnionDonation To Cooperative$7,500
Michigan First FoundationCommunity Support$1,000

Personnel at Michigan Credit Union Foundation

NameTitleCompensation
Wendy VadnaisChief Financial Officer
Beth TroostExecutive Director$0
Andrea TuckerSpecialist$0

Financials for Michigan Credit Union Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$379,720
Program services$0
Investment income and dividends$53,027
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$432,747

Form 990s for Michigan Credit Union Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-12990View PDF
2022-122023-08-24990View PDF
2021-122022-04-14990View PDF
2020-122021-11-12990View PDF
2019-122021-02-26990View PDF
...and 10 more Form 990s
Data update history
January 15, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 12, 2025
Received grants
Identified 1 new grant, including a grant for $7,500 from Lake Trust Credit Union
January 11, 2025
Updated personnel
Identified 6 new personnel
August 25, 2024
Received grants
Identified 2 new grant, including a grant for $10,000 from Credit UNIONS CHARTERED IN THE STATE OF Michigan - 126 Members First Credit Union (MFCU)
October 23, 2023
Received grants
Identified 1 new grant, including a grant for $1,000 from Michigan First Foundation
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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