Nonprofit · EIN 38-1502320
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 264 SAFE HARBOR CREDIT UNION
Tax-exempt · LUDINGTON, MI 49431
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,880,980 | $8,990,637 | $1,890,343 | $172,313,288 | $156,964,281 | $15,349,007 |
| December 31, 2023 | 990 | $8,484,424 | $6,772,288 | $1,712,136 | $144,959,154 | $131,917,613 | $13,041,541 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $10,361,975
- Investment income
- $519,005
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $192,449
- Other salaries and wages
- $1,737,701
- Salaries, compensation and benefits (total)
- $2,553,978
- Professional fundraising fees
- $0
- Legal fees
- $12,064
- Accounting fees
- $4,834
- Occupancy
- $200,936
- Travel
- $59,521
- Depreciation
- $200,028
Balance sheet and other
- Total assets, start of year
- $144,959,154
- Total assets, end of year
- $172,313,288
- Total liabilities, end of year
- $156,964,281
- Net assets, end of year
- $15,349,007
- Land, buildings and equipment
- $5,408,963
- Publicly traded securities
- $3,671,077
- Gross receipts
- $10,880,980
- Employees
- 43
- Volunteers
- 7
- Year formed
- 1952
- 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 |
|---|---|---|---|---|
| ADAM JOHNSON | CEO Officer | 40 | $159,210 | $33,239 |
| JULEE SARTO | Secretary Trustee or director | 1 | $0 | $0 |
| TANGEE PETTIS | Director Trustee or director | 1 | $0 | $0 |
| KATHY COUTURIER | Director Trustee or director | 1 | $0 | $0 |
| DAVID KASLEY | Chairman Trustee or director | 1 | $0 | $0 |
| ROBERT THOMPSON | Treasurer Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER SIMPLER | Director Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER TOOMAN | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADAM JOHNSON | CEO Officer | 40 | $139,286 | $28,073 |
| PAUL WILLIAMS | CFO Officer | 40 | $102,053 | $6,465 |
| JULEE SARTO | Secretary Trustee or director | 1 | $0 | $0 |
| TANGEE PETTIS | Director Trustee or director | 1 | $0 | $0 |
| KATHY COUTURIER | Director Trustee or director | 1 | $0 | $0 |
| DAVID KASLEY | Chairman Trustee or director | 1 | $0 | $0 |
| ROBERT THOMPSON | Treasurer Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER SIMPLER | Director Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER TOOMAN | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1200 E TINKHAM AVE, LUDINGTON, MI 49431-2740
- Principal officer (990 for 2024)
- ADAM JOHNSON, 5511 W US HIGHWAY 10, LUDINGTON, MI 49431
- Signed the 990
- ADAM JOHNSON, CEO
- Phone
- (231) 843-2323
- Website
- WWW.SAFEHARBORCU.ORG
- 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, CERTIFICATES AND OTHER. THE TOTAL NUMBER OF MEMBERS AT 12/31/2024 WAS 8,820.
- 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 12/31/2024 WAS 5,629.
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
- 38-1502320
- 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)
- $172,313,288
- Income (IRS master file)
- $10,880,980
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,880,980 | $8,990,637 | $172,313,288 | XML |
| 990 | December 2023 | $8,484,424 | $6,772,288 | $144,959,154 | XML |
| 990 | December 2022 | $6,315,016 | $4,749,542 | $130,837,946 | 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 38-1502320).
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 38-1502320.
- 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 ADAM JOHNSON.
- 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 8 people; 1 received compensation from the organization, the highest $159,210 (ADAM JOHNSON, 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 $10,880,980, expenses of $8,990,637 and total assets of $172,313,288 at year end.
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