Overview

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Est.

1936

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

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2024
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2023
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2022
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AI Summary

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN is a credit unions organization focused on encouraging a better tomorrow through Members First Credit Union’s mission. In filing year 2024, it reported an operating budget of $59.5M and total revenue of $62.2M, with MICHIGAN CREDIT UNION FOUNDATION listed as a top funder at $30K.

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Mission Statement

THE MISSION OF MEMBERS FIRST CREDIT UNION IS TO ENCOURAGE A BETTER TOMORROW.

Cause Areas

1
Credit unions
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Financials

2024
Revenues
$62.2M
Expenses
$59.8M
Net Income:
+$2.4M
Assets
$850.6M
Liabilities
$784.7M
Net Assets:
+$65.9M

Financial Trends

2024
Operating Budget
$59.5M
Operating Budget by Year

Due Diligence

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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
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Top Funders

Funder
Total Funding
Funding Share
MICHIGAN CREDIT UNION FOUNDATION
Livonia, MI, US
$30K
8%

Grants Received

2024
Total No. of Grants
1
Median grant size
$15K
Largest grant received
$15K

Board & Team

C
Carrie Iafrate
Board Member
T
Tamara McGovern
Board Member
R
Robert Cooper
Board Member
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  • 1 funders
  • 49 board & team members
  • 12 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN’s budget?
In 2024, CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN reported an annual operating budget of around $59.5 million. More detailed financial information is available to registered users.
What causes does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN support?
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN supports work in Credit unions.
Where does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN operate?
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN is headquartered in Midland, MI.
Who funded CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN recently?
In 2024, CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN received grants from MICHIGAN CREDIT UNION FOUNDATION, MICHIGAN CREDIT UNION FOUNDATION, and MICHIGAN CREDIT UNION FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN received in 2024?
The largest grant to CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN in 2024 exceeds $15 thousand.
What is CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN’s reliance on government grants?
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN relied on government grants for less than 5% of their total revenue in 2024.