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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 38-1599932

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

Also known as 770 SOO CO-OP CR UN

Tax-exempt · SAULT S MARIE, MI 49783

Financials

$13.7M$11M2023$16.7M$13.4M2024
Revenue Expenses · by fiscal year end
Financials of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$16,668,733$13,354,706$3,314,027$290,614,498$258,723,919$31,890,579
December 31, 2023990$13,688,606$11,044,405$2,644,201$259,141,916$231,628,937$27,512,979
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$14,135,100
Investment income
$2,533,633
Net gain from sales of assets
$1,050
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$338,775
Other salaries and wages
$3,663,279
Salaries, compensation and benefits (total)
$5,171,876
Professional fundraising fees
$0
Legal fees
$18,910
Accounting fees
$42,652
Occupancy
$356,682
Travel
$20,219
Depreciation
$208,739

Balance sheet and other

Total assets, start of year
$259,141,916
Total assets, end of year
$290,614,498
Total liabilities, end of year
$258,723,919
Net assets, end of year
$31,890,579
Land, buildings and equipment
$4,559,799
Publicly traded securities
$59,197,754
Gross unrelated business income
$381,321
Gross receipts
$16,668,733
Employees
110
Volunteers
7
Year formed
1958
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.

NameTitleHours / weekCompensationOther / benefits
LYNDA ELLISPRESIDENT/CE
Officer
40$124,294$11,202
MELISSA MCCLENDONVICE PRESIDE
Officer
40$89,672$5,608
JOY HILLCHIEF FINANC
Officer
40$82,187$8,118
STEVEN ROGERSDIRECTOR & E
Trustee or director
8$17,341$353
EDWIN COOKCHAIRPERSON
Trustee or director, Officer
1$0$0
MONICA HOOLSEMADIRECTOR
Trustee or director
1$0$0
LORI LANGENDORFTREASURER
Trustee or director, Officer
1$0$0
JO ANNE LUSSIERSECRETARY
Trustee or director, Officer
1$0$0
TYLER MARTINDIRECTOR
Trustee or director
1$0$0
JIM ROSEDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
LYNDA ELLISPRESIDENT/CE
Officer
40$118,183$11,143
MELISSA MCCLENDONVICE PRESIDE
Officer
40$83,216$5,363
JOY HILLCHIEF FINANC
Officer
40$75,985$7,417
STEVEN ROGERSDIRECTOR & E
Trustee or director
8$17,655$359
EDWIN COOKCHAIRPERSON
Trustee or director, Officer
1$0$0
MONICA HOOLSEMADIRECTOR
Trustee or director
1$0$0
LORI LANGENDORFTREASURER
Trustee or director, Officer
1$0$0
JO ANNE LUSSIERSECRETARY
Trustee or director, Officer
1$0$0
JIM ROSEDIRECTOR
Trustee or director
1$0$0
TOM THORESENVICE CHAIRPE
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
4489 I 75 BUSINESS SPUR, SAULT S MARIE, MI 49783-3622
Mailing address (990-N for 2008)
2727 riverside dr, sault sainte marie MI 49783
Principal officer (990 for 2024)
LYNDA ELLIS, 4489 I-75 BUSINESS SPUR, SAULT STE MARIE, MI 49783
Principal officer (990-N for 2008)
michael whitney, 2727 riverside dr, sault sainte marie MI 49783
Signed the 990
LYNDA ELLIS, PRESIDENT/CEO
Phone
(906) 632-5300
Return prepared by
ANDREWS HOOPER PAVLIK PLC

Mission

TO BECOME THE MEMBERS' PRIMARY FINANCIAL INSTITUTION BY PROVIDING RELIABLE, COMPREHENSIVE, COURTEOUS, AND PROMPT SERVICES THAT ARE COMPETITIVE WITH THE MARKET AND IN TUNE WITH MEMBERS' NEEDS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION PROVIDES MANY SERVICES TO ITS MEMBERS INCLUDING SAVINGS PLANS, SHARE DRAFT PRIVILEGES, LOANS FOR REAL ESTATE, CARS, BOATS, VACATIONS, EMERGENCIES, AND BUSINESS. THE ORGANIZATION ALSO PROVIDES INVESTMENT SERVICES THROUGH A FULLY LICENSED BROKER AND INSURANCE PRODUCTS THROUGH THIRD PARTY RELATIONSHIPS.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-1599932
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
Assets (IRS master file)
$290,614,498
Income (IRS master file)
$16,668,733

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$16,668,733$13,354,706$290,614,498XML
990December 2023$13,688,606$11,044,405$259,141,916XML
990December 2022$11,817,651$9,544,273$248,562,285IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS
990-N for 2008
Officer: michael whitney
December 31, 2008≤ $50,000 receipts––e-Postcard

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 38-1599932).

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 38-1599932.
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 LYNDA ELLIS.
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 10 people; 4 received compensation from the organization, the highest $124,294 (LYNDA ELLIS, PRESIDENT/CE).
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 $16,668,733, expenses of $13,354,706 and total assets of $290,614,498 at year end.

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