TRUE COMMUNITY CREDIT UNION
Pub 78

TRUE COMMUNITY CREDIT UNION
Pub 78

Jackson, MI, US
501(c)
EIN
38-1453620
Regional Funder
Subordinate Organization

TRUE COMMUNITY CREDIT UNION
Pub 78

Jackson, MI, US
501(c)
EIN
38-1453620
Regional Funder
Subordinate Organization

Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$880,536,100

Receivables (Non-Related)
79%
Investments
8%
Cash & Equivalents
7%
Prepaid Expenses
2%
Other Assets
2%
Property, Plant, & Equipment (net)
2%
Related-Party Receivables
<1%
Inventories
0%
Liabilities in 2024 (Year End)

$790,015,237

Other Liabilities
96%
Notes Payable / Debt (Non-Related)
3%
Payables & Accruals
1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$26,556,993
$61,537,806
+132%
Receivables (Non-Related)
$572,892,329
$692,310,022
+21%
Related-Party Receivables
$3,229,034
$5,266,694
+63%
Inventories
-
-
-
Prepaid Expenses
$14,721,095
$18,058,015
+23%
Investments
$65,338,840
$71,506,636
+9%
Property, Plant, & Equipment (net)
$10,088,799
$14,255,470
+41%
Other Assets
$10,246,636
$17,601,457
+72%
Total Assets
$703,073,726
$880,536,100
+25%
Liabilities
2023
2024
Change
Payables & Accruals
$5,539,523
$10,242,342
+85%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$20,000,000
-
-
Notes Payable / Debt (Non-Related)
-
$20,000,000
-
Related-Party Payables
-
-
-
Other Liabilities
$608,852,193
$759,772,895
+25%
Total Liabilities
$634,391,716
$790,015,237
+25%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$68,682,010
+$90,520,863
+32%
Balance Sheet
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