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Nonprofit · EIN 38-0480170

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

Also known as 26 DIVERSIFIED MEMBERS CREDIT UNION

Tax-exempt · DETROIT, MI 48207

Financials

$16.7M$25.9M2023$30.6M$28.9M2024
Revenue Expenses · by fiscal year end
Financials of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$30,579,992$28,905,810$1,674,182$498,079,169$418,037,972$80,041,197
December 31, 2023990$16,731,816$25,889,308-$9,157,492$480,989,264$404,637,256$76,352,008
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$17,180,112
Investment income
$8,333,140
Other revenue
$5,066,740

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$866,893
Other salaries and wages
$6,176,027
Salaries, compensation and benefits (total)
$8,506,251
Professional fundraising fees
$0
Legal fees
$62,851
Accounting fees
$138,519
Occupancy
$890,620
Travel
$610,835
Depreciation
$558,730
Program services (functional)
$28,905,810

Balance sheet and other

Total assets, start of year
$480,989,264
Total assets, end of year
$498,079,169
Total liabilities, end of year
$418,037,972
Net assets, end of year
$80,041,197
Land, buildings and equipment
$5,996,921
Publicly traded securities
$143,658,133
Gross receipts
$30,579,992
Employees
121
Year formed
1929
State of legal domicile
MI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
KATHIE TREMBATHCEO - FORMER
Former
–$386,393
SATI SMITHCEO
Officer
40$352,806
MARK EVENSONCFO
Officer
40$213,693
COLLEEN SCOTTCMO
Officer
40$180,086
JR SMITHCLO - FORMER
Former
40$158,258
SHARI QUINKERTCONSULTANT
Highest-paid employee
40$142,878
GARY SEIFERTVP COMM LEND
Highest-paid employee
40$141,621
JANICE BOJANOWSKICONTROLLER
Highest-paid employee
40$139,431
PATRICE SCHORNAKVP ASSET REC
Highest-paid employee
40$128,350
DANIEL J O'DONNELLIT MGR
Highest-paid employee
40$120,565
SHERI LABOECOO
Officer
40$120,308
JANISSE GREENDIRECTOR
Trustee or director
–$0
DAVID BROOKS IIICHAIRPERSON
Trustee or director, Officer
–$0
CARL JARBOEDIRECTOR
Trustee or director
–$0
DARREN JOHNSONDIRECTOR
Trustee or director
–$0
5 more people on this return
NameTitleHours / weekCompensation
ALBERT PATRICK JRDIRECTOR
Trustee or director
–$0
ANTHONY LAMERATOVICE CHAIR
Trustee or director, Officer
–$0
JEROME POKORSKISECRETARY
Trustee or director, Officer
–$0
ANDREW POLLACKTREASURER
Trustee or director, Officer
–$0
PAMELA SCALESDIRECTOR
Trustee or director
–$0
990 for the year ended December 31, 2023: 21 people
NameTitleHours / weekCompensation
KATHIE TREMBATHCEO - FORMER
Former
40$397,576
SATI SMITHCEO
Officer
40$252,610
COLLEEN SCOTTCMO
Officer
40$189,799
JR SMITHCLO
Officer
40$178,844
KEVIN O'CONNORCFO - FORMER
Former
40$178,256
GARY SEIFERTMBR BUS LOAN
Highest-paid employee
40$148,303
JANICE BOJANOWSKICONTROLLER
Highest-paid employee
40$139,349
PATRICE SCHORNAKVP ASSET REC
Highest-paid employee
40$136,977
SHARI QUINKERTHUMAN RESOUR
Highest-paid employee
40$131,835
DANIEL JAMES O'DONNELLIT MGR
Highest-paid employee
40$127,928
SHERI LABOECOO
Officer
40$91,732
MARK EVENSONCFO
Officer
40$32,308
JANISSE GREENDIRECTOR
Trustee or director
–$0
DAVID BROOKS IIICHAIRPERSON
Trustee or director, Officer
–$0
CARL JARBOEDIRECTOR
Trustee or director
–$0
DARREN JOHNSONDIRECTOR
Trustee or director
–$0
ALBERT PATRICK JRDIRECTOR
Trustee or director
–$0
ANTHONY LAMERATOVICE CHAIR
Trustee or director, Officer
–$0
JEROME POKORSKISECRETARY
Trustee or director, Officer
–$0
ANDREW POLLACKTREASURER
Trustee or director, Officer
–$0
PAMELA SCALESDIRECTOR
Trustee or director
–$0

Address and contacts

Address (IRS master file)
1480 E JEFFERSON AVE, DETROIT, MI 48207-3145
Principal officer (990 for 2024)
SATI SMITH, 1480 EAST JEFFERSON AVENUE, 1480 EAST JEFFERSON AVENUE, DETROIT, MI 48207
Signed the 990
MARK EVENSON, CFO
Phone
(313) 568-5000
Return prepared by
ADDISON & ADDISON PC

Mission

TO PROVIDE FRIENDLY, PERSONAL, FINANCIAL SERVICES IN A PROFESSIONAL ATMOSPHERE TO ALL MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-0480170
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1956
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$498,079,169
Income (IRS master file)
$30,579,992

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$30,579,992$28,905,810$498,079,169IRS
990December 2023$16,731,816$25,889,308$480,989,264XML
990December 2022$22,003,363$20,349,378$485,865,565IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-0480170).

Questions about CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

What is the EIN of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
The employer identification number (EIN) of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN is 38-0480170.
Is CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1956.
Are donations to CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
The 990 for the year ended December 31, 2024 names SATI SMITH.
Who are the officers and directors of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
The 990 for the year ended December 31, 2024 lists 20 people; 11 received compensation from the organization, the highest $386,393 (KATHIE TREMBATH, CEO - FORMER).
How much revenue does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN have?
On its 990 for the year ended December 31, 2024 it reported revenue of $30,579,992, expenses of $28,905,810 and total assets of $498,079,169 at year end.

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