Nonprofit · EIN 38-1628275
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 559 ALLIANCE CATHOLIC CREDIT
Tax-exempt · FARMINGTN HLS, MI 48334
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $43,620,845 | $33,378,835 | $10,242,010 | $627,211,663 | $559,590,618 | $67,621,045 |
| December 31, 2023 | 990 | $30,608,113 | $30,066,146 | $541,967 | $637,845,786 | $586,203,437 | $51,642,349 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $300,000
- of which government grants
- $300,000
- Program service revenue
- $23,983,265
- Investment income
- $6,093,019
- Net rental income
- $31,000
- Net gain from sales of assets
- $24,000
- Other revenue
- $13,244,561
Expenses
- Grants and similar amounts paid
- $169,243
- Compensation of officers, directors and key employees
- $1,868,342
- Other salaries and wages
- $9,994,613
- Salaries, compensation and benefits (total)
- $13,287,533
- Professional fundraising fees
- $0
- Legal fees
- $4,618
- Accounting fees
- $87,504
- Occupancy
- $1,098,626
- Travel
- $62,294
- Depreciation
- $1,619,466
Balance sheet and other
- Total assets, start of year
- $637,845,786
- Total assets, end of year
- $627,211,663
- Total liabilities, end of year
- $559,590,618
- Net assets, end of year
- $67,621,045
- Land, buildings and equipment
- $17,011,619
- Gross unrelated business income
- $117,173
- Gross receipts
- $43,620,845
- Employees
- 165
- Volunteers
- 8
- Year formed
- 1956
- 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 |
|---|---|---|---|---|
| ROBERT GRECH | PRESIDENT/CEO Officer | 40 | $446,760 | $204,506 |
| DANIEL DAVIDSON | EVP/COO Officer | 40 | $373,806 | $132,577 |
| RANDALL RICHMOND | CLO Key employee | 40 | $215,483 | $166,986 |
| CHERYL MALLARD | CTO Key employee | 40 | $206,173 | $122,051 |
| CATHERINE MOREY | VP-RISK MANAGEMENT Highest-paid employee | 40 | $140,497 | $46,359 |
| KEITH BURKE | VP-MARKETING Highest-paid employee | 40 | $142,380 | $33,863 |
| CHERYL ALLMACHER | VP DIGITAL TRANSFORMATION Highest-paid employee | 40 | $143,799 | $28,946 |
| THOMAS C LEDUC | GENERAL COUNCIL Highest-paid employee | 40 | $155,367 | $8,468 |
| ADAM TONGE | VP-RETAIL Highest-paid employee | 40 | $142,071 | $16,565 |
| JOE VALENTIC | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| KURT GODFREY | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| RICHARD SAAD | SECRETARY Trustee or director | 1 | $0 | $0 |
| PHILLIP MOREY | TREASURER Trustee or director | 1 | $0 | $0 |
| MARK VALERIUS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE OPATIK | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VERONICA NORTH | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE LEMIEUX | ASSOCIATE DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT GRECH | PRESIDENT/CEO Officer | 40 | $472,371 | $321,372 |
| DANIEL DAVIDSON | EVP/COO Officer | 40 | $312,449 | $201,992 |
| RANDALL RICHMOND | CLO Key employee | 40 | $265,030 | $124,126 |
| CHERYL MALLARD | CTO Key employee | 40 | $218,894 | $41,466 |
| CATHERINE MOREY | VP-RISK MANAGEMENT Highest-paid employee | 40 | $131,793 | $45,258 |
| KEITH BURKE | VP-MARKETING Highest-paid employee | 40 | $136,103 | $32,981 |
| CHERYL ALLMACHER | VP DIGITAL TRANSFORMATION Highest-paid employee | 40 | $137,745 | $25,535 |
| ADAM TONGE | VP-RETAIL Highest-paid employee | 40 | $134,400 | $17,489 |
| THOMAS C LEDUC | CONSUMER PROTECTION Highest-paid employee | 40 | $137,063 | $11,030 |
| MICHAEL BAHORSKI | CFO Officer | 40 | $119,385 | $10,287 |
| JOE VALENTIC | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| KURT GODFREY | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| RICHARD SAAD | SECRETARY Trustee or director | 1 | $0 | $0 |
| PHILLIP MOREY | TREASURER Trustee or director | 1 | $0 | $0 |
| MARK VALERIUS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THANE NAMY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE OPATIK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VERONICA NORTH | ASSOCIATE DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 28800 ORCHARD LAKE RD, FARMINGTN HLS, MI 48334-2957
- Principal officer (990 for 2024)
- DAN DAVIDSON, 28800 ORCHARD LAKE ROAD, FARMINGTON HILLS, MI 48334
- Signed the 990
- DAN DAVIDSON, EVP/COO
- Phone
- (877) 950-2228
- Website
- WWW.ALLIANCECCU.COM
- Return prepared by
- DOEREN MAYHEW
Mission
TO PROVIDE TRUSTED FINANCIAL SERVICES, INSPIRED BY CATHOLIC VALUES AND TRADITIONS, TO ENHANCE THE FINANCIAL WELL-BEING OF OUR CATHOLIC COMMUNITY AND THE NEIGHBORS WE SERVE.
Program accomplishments
- PROVIDE 32,501 MEMBERS WITH REGULAR SHARES, CHRISTMAS CLUB, CHECKING, MONEY MARKET, CERTIFICATES OF DEPOSIT, AND IRAS WITH AGGREGATE DEPOSIT BALANCES THAT APPROXIMATED $553,147,000 AS OF DECEMBER 31, 2024.
- PROVIDE 15,314 LOANS INCLUDING NEW AND USED VEHICLES, REVOLVING CREDIT, TUITION, OVERDRAFT, COMMERCIAL, MORTGAGES, CREDIT CARDS AND STUDENTS LOANS WITH AGGREGATE LOAN BALANCES THAT APPROXIMATED $328,624,000 AS OF DECEMBER 31, 2024.
- OFFER ATM/DEBIT CARDS, WIRE TRANSAFERS, MONEY ORDERS, COURTESY PAY, GIFT CARDS, BILL PAY, SAFE DEPOSIT BOX RENTALS, CHECK CASHING, COIN COUNTING, SHARED BRANCHING, MOBILE BANKING AND VARIOUS INSURANCE PRODUCTS TO ALL ELIGIBLE MEMBERS.
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
- 38-1628275
- 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)
- $627,211,663
- Income (IRS master file)
- $43,620,845
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $43,620,845 | $33,378,835 | $627,211,663 | XML |
| 990 | December 2023 | $30,608,113 | $30,066,146 | $637,845,786 | XML |
| 990 | December 2022 | $23,179,127 | $21,627,756 | $638,619,506 | 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 38-1628275).
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 38-1628275.
- 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 DAN DAVIDSON.
- 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 17 people; 9 received compensation from the organization, the highest $446,760 (ROBERT GRECH, 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 $43,620,845, expenses of $33,378,835 and total assets of $627,211,663 at year end.
Other nonprofits in FARMINGTN HLS
- AGEWAYS NONPROFIT SENIOR SERVICES EIN 38-2729505 · last filed 990 for 2025
- GREENPATH INC EIN 38-6142925 · last filed 990 for 2024
- JUDSON CENTER INC EIN 38-1359084 · last filed 990 for 2025
- HILLEL DAY SCHOOL OF METROPOLITAN DETROIT EIN 38-1586703 · last filed 990 for 2025
- MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION EIN 38-1956049 · last filed 990 for 2025
- NATIONAL TRUCK EQUIPMENT ASSOCIATION EIN 38-2274542 · last filed 990 for 2025
- HOMEOWNERSHIP PRESERVATION FOUNDATION EIN 52-2403507 · last filed 990 for 2024
- BOSCH COMMUNITY FUND EIN 45-4020765 · last filed 990-PF for 2024