Nonprofit · EIN 38-1796409
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 1038 FRANKENMUTH CREDIT UNION
Tax-exempt · FRANKENMUTH, MI 48734
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $103,161,140 | $91,173,483 | $11,987,657 | $1,417,197,837 | $1,280,272,214 | $136,925,623 |
| December 31, 2023 | 990 | $86,447,275 | $78,645,946 | $7,801,329 | $1,317,110,032 | $1,197,172,066 | $119,937,966 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $96,585,815
- Investment income
- $6,855,136
- Net rental income
- -$240,546
- Net gain from sales of assets
- -$118,803
- Other revenue
- -$279,811
Expenses
- Grants and similar amounts paid
- $613,994
- Compensation of officers, directors and key employees
- $1,492,630
- Other salaries and wages
- $26,956,100
- Salaries, compensation and benefits (total)
- $35,269,765
- Professional fundraising fees
- $0
- Legal fees
- $646,438
- Accounting fees
- $278,616
- Occupancy
- $1,759,444
- Travel
- $269,579
- Depreciation
- $3,730,602
Balance sheet and other
- Total assets, start of year
- $1,317,115,395
- Total assets, end of year
- $1,417,197,837
- Total liabilities, end of year
- $1,280,272,214
- Net assets, end of year
- $136,925,623
- Land, buildings and equipment
- $68,813,180
- Gross unrelated business income
- $785,873
- Gross receipts
- $104,221,954
- Employees
- 621
- Volunteers
- 11
- Year formed
- 1964
- 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 |
|---|---|---|---|---|
| VICKIE SCHMITZER | CEO Officer | 54 | $875,336 | $53,304 |
| ROBERT ROBINSON | INSURANCE SALES Highest-paid employee | 40 | $318,955 | $51,599 |
| DONNA HAUBENSTRICKER | VP OF FINANCE Officer | 45 | $254,649 | $38,265 |
| ERIC NEUMEYER | CEO OF MMIA Key employee | 40 | $224,781 | $46,295 |
| DANIEL WORTMAN | INSURANCE SALES Highest-paid employee | 40 | $232,683 | $33,882 |
| STEVE WITT | INSURANCE SALES Highest-paid employee | 40 | $219,669 | $46,056 |
| BRAD GNATKOWSKI | MORTGAGE ORIGINATOR Highest-paid employee | 40 | $235,702 | $20,263 |
| WILLIAM WATCHORN | MORTGAGE ORIGINATOR Highest-paid employee | 40 | $231,056 | $14,816 |
| TIMOTHY HILDNER | CHAIRPERSON Trustee or director, Officer | 3.79 | $0 | $0 |
| JILL CATTERFELD | VICE CHAIRPERSON Trustee or director, Officer | 0.86 | $0 | $0 |
| BRIAN DIXON | TREASURER Trustee or director, Officer | 1.82 | $0 | $0 |
| RICHARD REIF | SECRETARY Trustee or director, Officer | 3.05 | $0 | $0 |
| MICHAEL FASSEZEE | DIRECTOR Trustee or director | 1.63 | $0 | $0 |
| DAN LEMKE | DIRECTOR Trustee or director | 1.35 | $0 | $0 |
| SCOT PUTZIG | DIRECTOR Trustee or director | 0.95 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARINA SPENCER | DIRECTOR Trustee or director | 1.32 | $0 |
| CHRIS FRANK | DIRECTOR Trustee or director | 0.9 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VICKIE SCHMITZER | CEO Officer | 54 | $727,234 | $48,002 |
| ROBERT ROBINSON | INSURANCE SALES Highest-paid employee | 40 | $312,624 | $47,587 |
| DONNA HAUBENSTRICKER | VP OF FINANCE Officer | 45 | $245,168 | $35,156 |
| WILLIAM WATCHORN | MORTGAGE ORIGINATOR Highest-paid employee | 40 | $260,709 | $15,445 |
| DANIEL WORTMAN | INSURANCE SALES Highest-paid employee | 40 | $239,351 | $30,549 |
| STEVE WITT | INSURANCE SALES Highest-paid employee | 40 | $222,818 | $42,070 |
| ERIC NEUMEYER | CEO OF CUSO Key employee | 40.89 | $217,406 | $41,771 |
| VICTORIA DEGRACE | DIRECTOR OF CREDIT SOLUTIONS & RECOVERY Highest-paid employee | 40 | $210,979 | $17,903 |
| TIMOTHY HILDNER | CHAIRPERSON Trustee or director, Officer | 2.46 | $0 | $0 |
| JILL CATTERFELD | VICE CHAIRPERSON Trustee or director, Officer | 1.35 | $0 | $0 |
| BRIAN DIXON | TREASURER Trustee or director, Officer | 1.35 | $0 | $0 |
| RICHARD REIF | SECRETARY Trustee or director, Officer | 1.35 | $0 | $0 |
| MICHAEL FASSEZEE | DIRECTOR Trustee or director | 2.04 | $0 | $0 |
| DAN LEMKE | DIRECTOR Trustee or director | 1.35 | $0 | $0 |
| SCOT PUTZIG | DIRECTOR Trustee or director | 1.35 | $0 | $0 |
| KARINA SPENCER | DIRECTOR Trustee or director | 1.35 | $0 | $0 |
| CHRIS FRANK | DIRECTOR Trustee or director | 1.35 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 209, FRANKENMUTH, MI 48734-0209
- Principal officer (990 for 2024)
- VICKIE SCHMITZER, PO BOX 209, FRANKENMUTH, MI 48734
- Signed the 990
- VICKIE SCHMITZER, CEO
- Phone
- (989) 497-1600
- Website
- WWW.FRANKENMUTHCU.ORG
- Return prepared by
- REHMANN ROBSON LLC
Mission
PROVIDE SAFE, CONVENIENT, COST EFFECTIVE SERVICES FOR THE FINANCIAL WELL-BEING OF THE CREDIT UNION AND ITS MEMBERS. AND TO GROW TRUSTED RELATIONSHIPS BY PROVIDING PERSONALIZED FINANCIAL SOLUTIONS.
Program accomplishments
- PROVIDE 65,513 MEMBERS WITH SHARES, CHECKING, BUSINESS SAVINGS, BUSINESS CHECKING, MONEY MARKET, VACATION CLUB, CHRISTMAS CLUB, HEALTH SAVINGS, IRA AND CERTIFICATE OF DEPOSIT ACCOUNTS TOTALING $1,069,100,683.
- PROVIDE 52,082 SHARE SECURED, STUDENT, SIGNATURE, BUSINESS, CONSTRUCTION, REAL ESTATE, HOME EQUITY, LINE OF CREDIT, NEW AND USED VEHICLE, RECREATIONAL VEHICLE, LEASE LOANS, HOME IMPROVEMENT AND CREDIT CARD LOANS.
- OFFER AUTOMATED TELLER MACHINES, INTERACTIVE TELLER MACHINES, DEBIT CARDS, CREDIT CARDS, SHARED BRANCHING, MONEY ORDERS, COURTESY PAY, WIRE TRANSFERS, BILL PAY, INVESTMENTS SERVICES AND VARIOUS INSURANCE PROGRAMS 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
- 38-1796409
- 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)
- $1,417,197,837
- Income (IRS master file)
- $104,221,954
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $103,161,140 | $91,173,483 | $1,417,197,837 | IRS |
| 990 | December 2023 | $86,447,275 | $78,645,946 | $1,317,110,032 | XML |
| 990 | December 2022 | $70,580,613 | $56,921,620 | $1,198,115,228 | 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 38-1796409).
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 38-1796409.
- 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 VICKIE SCHMITZER.
- 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; 8 received compensation from the organization, the highest $875,336 (VICKIE SCHMITZER, 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 $103,161,140, expenses of $91,173,483 and total assets of $1,417,197,837 at year end.
Other nonprofits in FRANKENMUTH
- FRANKENMUTH CHAMBER OF COMMERCE EIN 38-1868259 · last filed 990 for 2025
- THE NATIONAL DRY BEAN COUNCIL INCORPORATED EIN 52-1938720 · last filed 990 for 2024
- THE FRANKENMUTH COMMUNITY FOUNDATION INC EIN 38-2140032 · last filed 990 for 2024
- BIG JOHN STEAK AND ONION FOUNDATION EIN 38-3605623 · last filed 990-PF for 2025
- FRANKENMUTH INSURANCE FOUNDATION EIN 82-4383153 · last filed 990-PF for 2024
- WALLACE AND IRENE BRONNER FAMILY CHARITABLE FOUNDATION EIN 38-2834541 · last filed 990-PF for 2024
- FRANKENMUTH HISTORICAL ASSOCIATION EIN 38-6078011 · last filed 990 for 2025
- MICHIGANS OWN INC EIN 38-2127945 · last filed 990 for 2024