Nonprofit · EIN 38-1400730
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 50 FARM BUREAU FAMILY CREDIT UN
Tax-exempt · LANSING, MI 48909
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,654,037 | $1,239,763 | $414,274 | $24,786,006 | $21,658,200 | $3,127,806 |
| December 31, 2024 | 990 | $1,455,232 | $1,093,987 | $361,245 | $23,649,890 | $20,936,358 | $2,713,532 |
| December 31, 2023 | 990 | $1,130,865 | $957,785 | $173,080 | $22,725,001 | $20,372,714 | $2,352,287 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,317,880
- Investment income
- $336,157
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $165,797
- Other salaries and wages
- $236,645
- Salaries, compensation and benefits (total)
- $499,295
- Professional fundraising fees
- $0
- Legal fees
- $15,790
- Accounting fees
- $38,191
- Occupancy
- $24,180
- Travel
- $855
- Depreciation
- $1,767
Balance sheet and other
- Total assets, start of year
- $23,649,890
- Total assets, end of year
- $24,786,006
- Total liabilities, end of year
- $21,658,200
- Net assets, end of year
- $3,127,806
- Land, buildings and equipment
- $4,420
- Gross receipts
- $1,654,037
- Employees
- 6
- Volunteers
- 22
- Year formed
- 1933
- 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 |
|---|---|---|---|---|
| BRANDON L BUSSA | CEO Officer | 40 | $136,308 | $29,489 |
| NICHOLAS OTTNEY | Director Trustee or director | 1 | $0 | $0 |
| JAMEY MYERS | Director Trustee or director | 1 | $0 | $0 |
| LAURA FRIESTROM | Director Trustee or director | 1 | $0 | $0 |
| PAUL FINK | Treasurer Trustee or director | 1 | $0 | $0 |
| SCOTT PIGGOTT | Director Trustee or director | 1 | $0 | $0 |
| NICHOLAS HOLMBERG | Chairman Trustee or director | 1 | $0 | $0 |
| JESSICA FALZON | Secretary Trustee or director | 1 | $0 | $0 |
| JULIE SZUBINSKI | Director Trustee or director | 1 | $0 | $0 |
| MICHAEL ELCHUK | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRANDON L BUSSA | CEO Officer | 40 | $128,089 | $22,913 |
| NICHOLAS LEWIS | Director Trustee or director | 1 | $0 | $0 |
| JAMEY MYERS | Director Trustee or director | 1 | $0 | $0 |
| SAMUEL NIELSEN | Director Trustee or director | 1 | $0 | $0 |
| STEVEN HUMMER | Treasurer Trustee or director | 1 | $0 | $0 |
| SCOTT PIGGOTT | Director Trustee or director | 1 | $0 | $0 |
| NICHOLAS OTTNEY | Chairman Trustee or director | 1 | $0 | $0 |
| JESSICA FALZON | Secretary Trustee or director | 1 | $0 | $0 |
| JULIE SZUBINSKI | Director Trustee or director | 1 | $0 | $0 |
| JACK LUNA | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRANDON L BUSSA | CEO Officer | 40 | $122,548 | $18,710 |
| NICHOLAS LEWIS | Director Trustee or director | 1 | $0 | $0 |
| JAMEY MYERS | Director Trustee or director | 1 | $0 | $0 |
| SAMUEL NIELSEN | Director Trustee or director | 1 | $0 | $0 |
| STEVEN HUMMER | Treasurer Trustee or director | 1 | $0 | $0 |
| SCOTT PIGGOTT | Director Trustee or director | 1 | $0 | $0 |
| NICHOLAS OTTNEY | Chairman Trustee or director | 1 | $0 | $0 |
| JESSICA FALZON | Secretary Trustee or director | 1 | $0 | $0 |
| JULIE SZUBINSKI | Director Trustee or director | 1 | $0 | $0 |
| JACK LUNA | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 30960, LANSING, MI 48909-8460
- Principal officer (990 for 2025)
- BRANDON BUSSA
- Signed the 990
- BRANDON BUSSA, CEO
- Phone
- (517) 679-5270
- Return prepared by
- FINANCIAL STANDARDS GROUP INC
Mission
TO PROVIDE LOW COST FINANCIAL SERVICES TO OUR MEMBER OWNERS.
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 2,358.
- THE CREDIT UNION PROVIDES A VARIETY OF LOAN TYPES TO MEMBERS INCLUDING CONSUMER, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/2025 WAS 1,551.
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
- 38-1400730
- 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)
- $24,786,006
- Income (IRS master file)
- $1,654,037
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,654,037 | $1,239,763 | $24,786,006 | IRS |
| 990 | December 2024 | $1,455,232 | $1,093,987 | $23,649,890 | XML |
| 990 | December 2023 | $1,130,865 | $957,785 | $22,725,001 | XML |
| 990 | December 2022 | $862,950 | $732,086 | $23,619,308 | 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 38-1400730).
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 38-1400730.
- 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 BRANDON BUSSA.
- 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 10 people; 1 received compensation from the organization, the highest $136,308 (BRANDON L BUSSA, CEO).
- 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 $1,654,037, expenses of $1,239,763 and total assets of $24,786,006 at year end.
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