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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 38-1735283

CREDIT UNIONS CHARTERED IN THE ST OF MICHIGAN DBA UP ST CREDIT UNION

Also known as 446 U P STATE CREDIT UNION

Tax-exempt · ESCANABA, MI 49829

Financials

$7.5M$5.5M2023$12.2M$8.8M2024
Revenue Expenses · by fiscal year end
Financials of CREDIT UNIONS CHARTERED IN THE ST OF MICHIGAN DBA UP ST CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$12,156,007$8,764,670$3,391,337$196,875,590$173,689,664$23,185,926
December 31, 2023990$7,471,309$5,480,516$1,990,793$134,704,286$121,313,110$13,391,176
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$8,477,890
Investment income
$3,053,315
Net gain from sales of assets
-$23,500
Other revenue
$624,802

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$590,796
Other salaries and wages
$2,545,478
Salaries, compensation and benefits (total)
$3,892,673
Professional fundraising fees
$0
Legal fees
$7,457
Occupancy
$225,836
Travel
$72,746
Depreciation
$252,011

Balance sheet and other

Total assets, start of year
$134,704,286
Total assets, end of year
$196,875,590
Total liabilities, end of year
$173,689,664
Net assets, end of year
$23,185,926
Land, buildings and equipment
$5,263,821
Gross unrelated business income
$51,109
Gross receipts
$12,179,507
Employees
67
Volunteers
16
Year formed
1955
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
RAYMOND J THEORETCEO
Officer
40$201,382$54,525
DARCY MCLEANCOO
Officer
40$160,051$32,572
DAN LITZNERVice President
Officer
40$119,015$23,251
HOWARD HAULOTTEChairman
Trustee or director
1$0$0
MICHAEL LILLIQUISTDirector
Trustee or director
1$0$0
JOE NOLANTreasurer
Trustee or director
1$0$0
SUZETTE OLSONDirector
Trustee or director
1$0$0
GARY TITUSDirector
Trustee or director
1$0$0
JUDY SCHROEDERDirector
Trustee or director
1$0$0
TAMIE CUNNINGHAMDirector
Trustee or director
1$0$0
CHERYL BOUCHESecretary
Trustee or director
1$0$0
DONALD CHARLEVOIXDirector
Trustee or director
1$0$0
KALI PERRONDirector
Trustee or director
1$0$0
JUDITH WALSHDirector
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
RAYMOND J THEORETCEO
Officer
40$204,260$49,132
DARCY MCLEANCOO
Officer
40$125,726$25,453
DAN LITZNERVice President
Officer
40$106,716$19,679
HOWARD HAULOTTEChairman
Trustee or director
1$0$0
MICHAEL LILLIQUISTDirector
Trustee or director
1$0$0
BOB CHAPMANTreasurer
Trustee or director
1$0$0
MARY MILLERDirector
Trustee or director
1$0$0
GARY TITUSDirector
Trustee or director
1$0$0
JUDY SCHROEDERDirector
Trustee or director
1$0$0
TAMIE CUNNINGHAMDirector
Trustee or director
1$0$0
CHERYL BOUCHESecretary
Trustee or director
1$0$0
DONALD CHARLEVOIXDirector
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
123 S LINCOLN RD, ESCANABA, MI 49829-1339
Principal officer (990 for 2024)
RAYMOND J THEORET, 123 S LINCOLN RD, ESCANABA, MI 49829
Signed the 990
RAYMOND J THEORET, CEO
Phone
(906) 786-1146
Return prepared by
FINANCIAL STANDARDS GROUP INC

Mission

U.P. STATE CREDIT UNION IS COMMITTED TO EXCELLANCE IN PROVIDING PROGRESSIVE FINANCIAL SERVICES TO ITS MEMBERSHIP, MEMBER-OWNED, MEMBER-DRIVEN, WE WILL BE TRUSTED AND CHOSEN AS THE PREFERRED FINANCIAL INSTITUTION.

990 for the year ended December 31, 2024

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 15,259.
  • 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 9,235.

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
38-1735283
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)
$196,875,590
Income (IRS master file)
$12,179,507

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$12,156,007$8,764,670$196,875,590IRS
990December 2023$7,471,309$5,480,516$134,704,286XML
990December 2022$5,710,994$4,590,742$144,827,843IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 38-1735283).

Questions about CREDIT UNIONS CHARTERED IN THE ST OF MICHIGAN DBA UP ST CREDIT UNION

What is the EIN of CREDIT UNIONS CHARTERED IN THE ST OF MICHIGAN DBA UP ST CREDIT UNION?
The employer identification number (EIN) of CREDIT UNIONS CHARTERED IN THE ST OF MICHIGAN DBA UP ST CREDIT UNION is 38-1735283.
Is CREDIT UNIONS CHARTERED IN THE ST OF MICHIGAN DBA UP ST CREDIT UNION 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 ST OF MICHIGAN DBA UP ST CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CREDIT UNIONS CHARTERED IN THE ST OF MICHIGAN DBA UP ST CREDIT UNION 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 ST OF MICHIGAN DBA UP ST CREDIT UNION 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 ST OF MICHIGAN DBA UP ST CREDIT UNION 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 ST OF MICHIGAN DBA UP ST CREDIT UNION?
The 990 for the year ended December 31, 2024 names RAYMOND J THEORET.
Who are the officers and directors of CREDIT UNIONS CHARTERED IN THE ST OF MICHIGAN DBA UP ST CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 14 people; 3 received compensation from the organization, the highest $201,382 (RAYMOND J THEORET, CEO).
How much revenue does CREDIT UNIONS CHARTERED IN THE ST OF MICHIGAN DBA UP ST CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $12,156,007, expenses of $8,764,670 and total assets of $196,875,590 at year end.

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