Nonprofit · EIN 38-1370948
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 1191 GR CONSUMERS CREDIT UNION
Tax-exempt · WYOMING, MI 49509
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,003,108 | $2,867,184 | $135,924 | $50,589,948 | $42,008,163 | $8,581,785 |
| December 31, 2024 | 990 | $2,567,501 | $2,368,715 | $198,786 | $49,727,935 | $41,284,593 | $8,443,342 |
| December 31, 2023 | 990 | $2,328,980 | $2,050,597 | $278,383 | $47,093,914 | $38,863,603 | $8,230,311 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,006,792
- Investment income
- $996,316
- Net gain from sales of assets
- $361,580
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $128,566
- Other salaries and wages
- $602,083
- Salaries, compensation and benefits (total)
- $905,541
- Professional fundraising fees
- $0
- Legal fees
- $2,383
- Occupancy
- $129,278
- Travel
- $22,194
- Depreciation
- $81,713
Balance sheet and other
- Total assets, start of year
- $49,727,935
- Total assets, end of year
- $50,589,948
- Total liabilities, end of year
- $42,008,163
- Net assets, end of year
- $8,581,785
- Land, buildings and equipment
- $4,205,980
- Gross unrelated business income
- $26,350
- Gross receipts
- $3,166,528
- Employees
- 16
- Volunteers
- 8
- Year formed
- 1941
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIM KINDRED | CEO (FORMER) | 40 | $142,930 | $11,059 |
| AMBER VELTHOUSE | CEO Officer | 40 | $106,290 | $22,276 |
| REX WELBON | Chairman Trustee or director | 1 | $0 | $0 |
| MARCIE VER BEEK | Director Trustee or director | 1 | $0 | $0 |
| DEBRA HINES | Secretary Trustee or director | 1 | $0 | $0 |
| KELLY FALCONER | Treasurer Trustee or director | 1 | $0 | $0 |
| MICHAEL CARDOSA | Director Trustee or director | 1 | $0 | $0 |
| ALFRED VANTVOORT | Director Trustee or director | 1 | $0 | $0 |
| JEFFERY HUVAERE | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIMOTHY KINDRED | CEO Officer | 40 | $166,415 | $31,313 |
| REX WELBON | Chairman Trustee or director | 1 | $0 | $0 |
| MARCIE VER BEEK | Director Trustee or director | 1 | $0 | $0 |
| DEBRA HINES | Secretary Trustee or director | 1 | $0 | $0 |
| KELLY FALCONER | Treasurer Trustee or director | 1 | $0 | $0 |
| MICHAEL CARDOSA | Director Trustee or director | 1 | $0 | $0 |
| ALFRED VANTVOORT | Director Trustee or director | 1 | $0 | $0 |
| JEFFERY HUVAERE | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIMOTHY KINDRED | CEO Officer | 40 | $159,167 | $12,494 |
| REX WELBON | Chairman Trustee or director | 1 | $0 | $0 |
| MARCIE VER BEEK | Treasurer Trustee or director | 1 | $0 | $0 |
| DEBRA HINES | Director Trustee or director | 1 | $0 | $0 |
| KELLY FALCONER | Secretary Trustee or director | 1 | $0 | $0 |
| MICHAEL CARDOSA | Director Trustee or director | 1 | $0 | $0 |
| ALFRED VANTVOORT | Director Trustee or director | 1 | $0 | $0 |
| JEFFERY HUVAERE | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1073 GEZON PKWY SW, WYOMING, MI 49509-9542
- Principal officer (990 for 2025)
- AMBER VELTHOUSE, 1073 GEZON PARKWAY SW, WYOMING, MI 49509
- Signed the 990
- AMBER VELTHOUSE, CEO
- Phone
- (616) 538-3325
- Website
- https://www.grccu.com/
- Return prepared by
- FINANCIAL STANDARDS GROUP INC
Mission
PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS.
Program accomplishments
- THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING CERTIFICATE AND OTHER. THE TOTAL NUMBER OF MEMBERS AT 12/31/2025 WAS 2,842.
- THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF MEMBER LOANS OUTSTANDING AT 12/31/2025 WAS 2,194.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-1370948
- 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
- Group exemption
- 1359: CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
- Assets (IRS master file)
- $50,589,948
- Income (IRS master file)
- $3,166,528
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,003,108 | $2,867,184 | $50,589,948 | XML |
| 990 | December 2024 | $2,567,501 | $2,368,715 | $49,727,935 | XML |
| 990 | December 2023 | $2,328,980 | $2,050,597 | $47,093,914 | XML |
| 990 | December 2022 | $2,073,782 | $1,779,016 | $49,222,600 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 38-1370948).
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 38-1370948.
- 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 2026 (the year ending December 31, 2026) is due May 17, 2027. 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 2025.
- Who is the principal officer of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The 990 for the year ended December 31, 2025 names AMBER VELTHOUSE.
- Who are the officers and directors of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The 990 for the year ended December 31, 2025 lists 9 people; 2 received compensation from the organization, the highest $142,930 (TIM KINDRED, CEO (FORMER)).
- How much revenue does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,003,108, expenses of $2,867,184 and total assets of $50,589,948 at year end.
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