Nonprofit · EIN 38-1441242
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 1137 ELGA CREDIT UNION
Tax-exempt · GRAND BLANC, MI 48439
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $123,097,040 | $95,636,518 | $27,460,522 | $1,552,368,811 | $1,335,223,604 | $217,145,207 |
| December 31, 2023 | 990 | $108,697,736 | $81,246,313 | $27,451,423 | $1,497,868,277 | $1,310,039,442 | $187,828,835 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,478,839
- of which government grants
- $2,478,839
- Program service revenue
- $111,674,326
- Investment income
- $8,943,875
- Net gain from sales of assets
- $108,899
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $644,126
- Compensation of officers, directors and key employees
- $2,459,359
- Other salaries and wages
- $17,344,220
- Salaries, compensation and benefits (total)
- $26,365,740
- Professional fundraising fees
- $0
- Legal fees
- $145,259
- Accounting fees
- $156,247
- Occupancy
- $2,231,695
- Travel
- $434,436
- Depreciation
- $1,901,820
Balance sheet and other
- Total assets, start of year
- $1,497,868,277
- Total assets, end of year
- $1,552,368,811
- Total liabilities, end of year
- $1,335,223,604
- Net assets, end of year
- $217,145,207
- Land, buildings and equipment
- $29,924,610
- Publicly traded securities
- $157,470,295
- Gross unrelated business income
- $326,265
- Gross receipts
- $123,261,006
- Employees
- 351
- 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 |
|---|---|---|---|---|
| TERRY KATZUR | CEO Officer | 40 | $1,033,087 | $38,786 |
| DAVID BRANDT | EVP Officer | 40 | $365,771 | $46,286 |
| KATHLEEN SMITH | VP OF BRANCH EXPERIENCE Key employee | 40 | $226,396 | $37,524 |
| ZACHARY EYCHANER | VP OF DIGITAL EXPERIENCE Key employee | 40 | $232,913 | $27,168 |
| MALLORY HAZARD | VP OF CONSUMER LENDING Key employee | 40 | $188,415 | $38,472 |
| BRYAN RANDALL | CIO Officer | 40 | $185,753 | $38,788 |
| CHADD O'BRIEN | CORPORATE COUNSEL Highest-paid employee | 40 | $187,925 | $24,497 |
| ROBERT CLONTZ | BRANCH MANAGER Highest-paid employee | 40 | $150,287 | $34,124 |
| AMY ZIMMER | DIRECTOR OF MORTGAGE LENDING Highest-paid employee | 40 | $167,105 | $12,333 |
| DOUGLAS CHAMPAGNE | CREDIT SOLUTIONS MANAGER Highest-paid employee | 40 | $150,784 | $27,957 |
| REBECCA JONES | DIGITAL EXPERIENCE MANAGER Highest-paid employee | 40 | $148,790 | $13,620 |
| HAROLD MOTT | BOARD CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| JOSEPH BORIS | BOARD VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER GOETZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DIANA CURRIER | BOARD TREASURER Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN KEANE | BOARD MEMBER Trustee or director | 1 | $0 |
| RODERICK SLAUGHTER | BOARD MEMBER Trustee or director | 1 | $0 |
| SHEVEZE ANDERSON | BOARD SECRETARY Trustee or director | 1 | $0 |
| RUTHY QUARLES | SUPERVISORY COMMITTEE CHAIR Trustee or director | 1 | $0 |
| GLENN WILSON | SUPERVISORY COMMITTEE MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERRY KATZUR | CEO Officer | 45 | $1,029,744 | $37,806 |
| DAVID BRANDT | EVP Officer | 45 | $357,579 | $44,259 |
| KATHLEEN SMITH | VP OF BRANCH OPERATIONS Key employee | 45 | $236,226 | $35,191 |
| BRYAN RANDALL | CIO Officer | 45 | $208,437 | $23,988 |
| CHADD O'BRIEN | CORPORATE COUNSEL Highest-paid employee | 45 | $194,675 | $16,231 |
| MALLORY HAZARD | VP OF LENDING Key employee | 45 | $163,202 | $33,004 |
| ROBERT CLONTZ | BRANCH MANAGER Highest-paid employee | 45 | $173,251 | $9,114 |
| AMY ZIMMER | DIRECTOR OF MORTGAGE LENDING Highest-paid employee | 45 | $172,550 | $990 |
| SHELLEY HUFTON | ACCOUNTING MANAGER Highest-paid employee | 45 | $157,015 | $13,918 |
| REBECCA JONES | DIGITAL EXPERIENCE MANAGER Highest-paid employee | 45 | $154,129 | $12,235 |
| HAROLD MOTT | BOARD CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| JOSEPH BORIS | BOARD VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| SHEVEZE ANDERSON | BOARD SECRETARY Trustee or director | 1 | $0 | $0 |
| DIANA CURRIER | BOARD TREASURER Trustee or director | 1 | $0 | $0 |
| RODERICK SLAUGHTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEVIN KEANE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER GOETZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RUTHY QUARLES | SUPERVISORY COMMITTEE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| GLENN WILSON | SUPERVISORY COMMITTEE MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6065 GRAND POINTE BLVD, GRAND BLANC, MI 48439-5500
- In care of
- % TERRY KATZUR
- Principal officer (990 for 2024)
- TERRY KATZUR, 6065 GRAND POINTE BLVD, GRAND BLANC, MI 48439
- Signed the 990
- TERRY KATZUR, CEO
- Phone
- (810) 715-3542
- Website
- WWW.ELGACU.COM
- Return prepared by
- DOEREN MAYHEW
Mission
PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS.
Program accomplishments
- THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, VEHICLE, AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT DECEMBER 31, 2024 WAS 93,022.
- THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, CERTIFICATES, AND OTHER. THE TOTAL NUMBER OF MEMBERS AT DECEMBER 31, 2024 WAS 98,766.
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
- 38-1441242
- 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)
- $1,552,368,811
- Income (IRS master file)
- $123,261,006
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $123,097,040 | $95,636,518 | $1,552,368,811 | XML |
| 990 | December 2023 | $108,697,736 | $81,246,313 | $1,497,868,277 | XML |
| 990 | December 2022 | $86,734,421 | $58,435,103 | $1,416,776,548 | 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 38-1441242).
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 38-1441242.
- 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 TERRY KATZUR.
- 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 $1,033,087 (TERRY KATZUR, 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 $123,097,040, expenses of $95,636,518 and total assets of $1,552,368,811 at year end.
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