Overview

Sign up for

Est.

1933

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 48 LAKE MICHIGAN CREDIT UNION is a nonprofit organization dedicated to promoting thrift and providing low-cost credit and financial services to its members. With an operating budget of $679.9 million and total revenue of $829.4 million for the filing year 2024, it serves the financial needs of its community in Michigan. The organization operates without reliance on a single funder for 50% or more of its revenue, ensuring a diverse financial base. For more information, visit www.lmcu.org.

Mission Statement

PROMOTION OF THRIFT AND PROVIDING LOW COST CREDIT AND OTHER FINANCIAL SERVICES FOR ITS MEMBERS THROUGH MUTUAL AND NONPROFIT ORGANIZATION.
Revenues
$829.4M
Expenses
$680.2M
Net Income:
+$149.3M
Assets
$14.5B
Liabilities
$13B
Net Assets:
+$1.5B
Operating Budget
$679.9M
Operating Budget by Year

Due Diligence

Are you a grantmaker?
Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
plg-image
plg-image
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
S
Sandra Jelinski
Board Member
J
Julie Leonard
Board Member
J
Jack Newberry
Board Member

Frequently Asked Questions

What is CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 48 LAKE MICHIGAN CREDIT UNION’s budget?
In 2024, CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 48 LAKE MICHIGAN CREDIT UNION reported an annual operating budget of around $679.9 million. More detailed financial information is available to registered users.
What causes does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 48 LAKE MICHIGAN CREDIT UNION support?
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 48 LAKE MICHIGAN CREDIT UNION supports work in Credit unions.
Where does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 48 LAKE MICHIGAN CREDIT UNION operate?
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 48 LAKE MICHIGAN CREDIT UNION is headquartered in Grand Rapids, MI.