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CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Pub 78
Sign up to claim this org
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Pub 78
Midland, MI, US
•
501(c)
•
EIN
38-1489454
•
WWW.MFCU.NET
•
Regional Funder
•
Subordinate Organization
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Pub 78
Sign up to claim this org
Midland, MI, US
•
501(c)
•
EIN
38-1489454
•
WWW.MFCU.NET
•
Regional Funder
•
Subordinate Organization
Overview
Programs
990s
Income Statement
Balance Sheet
How to Apply
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for more:
People
Board & Team
Financials
Financial Trends
Funding
Funders
Grants Received
Grantmaking
Giving Insights
Grantees
Grants Given
Overlap
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Income Statement
Fiscal Year Start:
Jan 1
Revenues in
2024
$62,164,036
Program Services
91%
Investments
8%
Other
1%
Government Grants
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in
2024
$59,767,012
Salaries & Benefits
35%
Interest
24%
Offices, Occupancy & IT
19%
Other
15%
Depreciation
3%
Fees to Service Providers
2%
Advertising & Promotion
1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$15,000
-
Government Grants
$1,500,000
$300,000
-80%
Fundraising Events
$0
$0
-
Program Services
$48,887,806
$56,504,350
+16%
Membership Dues
$0
$0
-
Investments
$3,922,094
$4,685,278
+19%
Other
$12,600
$659,408
+5133%
Total Revenues
$54,322,500
$62,164,036
+14%
Expenses
2023
2024
Change
Grants
$360,112
$258,294
-28%
Benefits to Members
$0
$0
-
Salaries & Benefits
$20,240,323
$21,192,122
+5%
Fees to Service Providers
$811,404
$1,011,608
+25%
Advertising & Promotion
$900,913
$752,268
-16%
Offices, Occupancy & IT
$10,562,080
$11,492,487
+9%
Interest
$10,905,988
$14,237,416
+31%
Depreciation
$1,440,706
$1,756,464
+22%
Other
$6,617,947
$9,066,353
+37%
Total Expenses
$51,839,473
$59,767,012
+15%
Net income
2023
2024
Change
Net income
+$2,483,027
+$2,397,024
-3%
Functional Expenses
Summary
2023
2024
Change
Program
-
-
-
Admin
-
-
-
Fundraising
-
-
-
Total Expenses
$51,839,473
$59,767,012
+15%
Income Statement