Nonprofit · EIN 38-1418001
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 1199 CORNERSTONE COMMUNITY FINANCIA
Tax-exempt · AUBURN HILLS, MI 48326
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $28,282,702 | $25,989,490 | $2,293,212 | $423,738,714 | $373,511,709 | $50,227,005 |
| December 31, 2023 | 990 | $24,864,783 | $22,611,791 | $2,252,992 | $405,800,769 | $357,952,994 | $47,847,775 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $26,481,092
- Investment income
- $1,786,505
- Other revenue
- $15,105
Expenses
- Grants and similar amounts paid
- $10,000
- Compensation of officers, directors and key employees
- $1,781,787
- Other salaries and wages
- $5,228,395
- Salaries, compensation and benefits (total)
- $8,714,839
- Professional fundraising fees
- $0
- Legal fees
- $9,546
- Accounting fees
- $122,351
- Occupancy
- $904,546
- Travel
- $36,728
- Depreciation
- $1,001,046
Balance sheet and other
- Total assets, start of year
- $405,800,769
- Total assets, end of year
- $423,738,714
- Total liabilities, end of year
- $373,511,709
- Net assets, end of year
- $50,227,005
- Land, buildings and equipment
- $13,610,446
- Publicly traded securities
- $5,915,101
- Gross unrelated business income
- $15,105
- Gross receipts
- $28,282,702
- Employees
- 123
- Volunteers
- 9
- Year formed
- 1951
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEIDI KASSAB | PRESIDENT/CEO Officer | 40 | $437,257 | $41,393 |
| CHRISTOPHER MANGENO | CHIEF LENDING OFFICER Officer | 40 | $197,203 | $64,362 |
| JENNIFER DICKEY | CHIEF EXPERIENCE OFFICER Officer | 40 | $213,135 | $40,361 |
| STEVE FLORES | CHIEF INNOVATION OFFICER Officer | 40 | $153,563 | $59,346 |
| SUZANNE MARTIN | VP OF RETAIL SALES Key employee | 40 | $176,183 | $24,081 |
| DAVID SHOSEY | VP OF IT Highest-paid employee | 40 | $139,938 | $55,887 |
| ROBERT STIER | CFO Officer | 40 | $156,837 | $33,566 |
| AUTUMN NANASI | VP OF CULTURE AND TALENT Key employee | 40 | $152,523 | $31,977 |
| HEATHER HERMES | DIRECTOR OF LENDING & COLLECTIONS Highest-paid employee | 40 | $113,564 | $18,491 |
| GABRIELLE CHAMPINE | VP OF BRAND & GROWTH Highest-paid employee | 40 | $122,550 | $4,292 |
| ALEXANDRA WOLF GARSHOTT | DIRECTOR OF RETAIL Highest-paid employee | 40 | $102,997 | $16,155 |
| CHRISTOPHER DEGEN | LENDING MANAGER Highest-paid employee | 40 | $108,824 | $8,381 |
| LEO MOSES | CHAIRPERSON Trustee or director | 10 | $0 | $0 |
| CHRIS BAKER | TREASURER Trustee or director | 5 | $0 | $0 |
| TIMOTHY MCGLINCHEY | VICE CHAIRPERSON Trustee or director | 5 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY GREEN | SECRETARY Trustee or director | 5 | $0 |
| JOHN ELSE II | DIRECTOR Trustee or director | 5 | $0 |
| DAVID WOODWARD | DIRECTOR Trustee or director | 5 | $0 |
| LORI OZDOWY | DIRECTOR Trustee or director | 5 | $0 |
| JACKIE MACON | DIRECTOR Trustee or director | 5 | $0 |
| BRIAN BEAUMONT | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEIDI KASSAB | PRESIDENT/CEO Officer | 40 | $458,728 | $48,363 |
| JENNIFER DICKEY | CHIEF EXPERIENCE OFFICER Officer | 40 | $213,327 | $33,168 |
| CHRISTOPHER MANGENO | CHIEF LENDING OFFICER Officer | 40 | $188,437 | $56,950 |
| MARK EVENSON | CFO Officer | 40 | $163,666 | $45,872 |
| DAVID SHOSEY | VP OF IT Key employee | 40 | $156,979 | $52,322 |
| STEVE FLORES | VP OF OPERATIONS Highest-paid employee | 40 | $145,325 | $47,497 |
| SUZANNE MARTIN | VP OF RETAIL SALES Key employee | 40 | $163,987 | $21,562 |
| AUTUMN NANASI | VP OF CULTURE AND TALENT Highest-paid employee | 40 | $140,134 | $29,804 |
| ANDREA CORNELL | HR BUSINESS PARTNER Highest-paid employee | 40 | $105,151 | $17,622 |
| HEATHER HERMES | LOAN SERVICING MANAGER Highest-paid employee | 40 | $104,732 | $16,957 |
| CHRISTOPHER DEGEN | LENDING MANAGER Highest-paid employee | 40 | $103,662 | $7,643 |
| ROBERT STIER | CFO Officer | 40 | $23,962 | $0 |
| LEO MOSES | CHAIRPERSON Trustee or director | 10 | $0 | $0 |
| CHRIS BAKER | TREASURER Trustee or director | 5 | $0 | $0 |
| TIMOTHY MCGLINCHEY | VICE CHAIRPERSON Trustee or director | 5 | $0 | $0 |
| TIMOTHY GREEN | SECRETARY Trustee or director | 5 | $0 | $0 |
| JOHN ELSE II | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DAVID WOODWARD | DIRECTOR Trustee or director | 5 | $0 | $0 |
| LORI OZDOWY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JACKIE MACON | DIRECTOR Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2955 UNIVERSITY DR, AUBURN HILLS, MI 48326-2547
- Principal officer (990 for 2024)
- HEIDI KASSAB, 2955 UNIVERSITY DR, AUBURN HILLS, MI 48326
- Signed the 990
- HEIDI KASSAB, CEO
- Phone
- (248) 340-9310
- Website
- WWW.CCFINANCIAL.COM
- Return prepared by
- DOEREN MAYHEW
Mission
REVOLUTIONIZE THE SERVICE EXPERIENCE FULFILLING THE CHANGING NEEDS OF MEMBERS AND OUR COMMUNITIES.
Program accomplishments
- SERVICE OVER $367 MILLION IN LOANS TO MEMBERS AS OF DECEMBER 31, 2024.
- PROVIDE DEPOSIT SERVICES TO OVER 25,000 MEMBERS. MEMBERS DEPOSITS APPROXIMATED $323 MILLION AS OF DECEMBER 31, 2024.
- ESTABLISHED 3,100 NEW MEMBERSHIPS IN 2024.
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 | Not 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
- 38-1418001
- 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)
- $423,738,714
- Income (IRS master file)
- $28,282,702
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $28,282,702 | $25,989,490 | $423,738,714 | IRS |
| 990 | December 2023 | $24,864,783 | $22,611,791 | $405,800,769 | XML |
| 990 | December 2022 | $21,603,999 | $16,880,842 | $409,250,365 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 38-1418001).
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 38-1418001.
- 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 HEIDI KASSAB.
- 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 21 people; 12 received compensation from the organization, the highest $437,257 (HEIDI KASSAB, PRESIDENT/CEO).
- 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 $28,282,702, expenses of $25,989,490 and total assets of $423,738,714 at year end.
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