CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
FERNDALE, MI 48220 · IRS data through FY2022
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2022 | $70,267,649 | $59,536,329 | $126,464,961 |
| FY2021 | $62,924,862 | $52,607,342 | $135,835,228 |
| FY2020 | $68,185,799 | $60,665,251 | $130,831,098 |
| FY2019 | $66,716,893 | $57,212,950 | $121,927,053 |
| FY2018 | $59,114,786 | $48,315,101 | $108,824,886 |
| FY2017 | $54,096,826 | $47,974,350 | $99,265,421 |
| FY2016 | $54,769,057 | $51,797,880 | $93,669,961 |
| FY2015 | $50,844,055 | $45,784,739 | $92,198,899 |
| FY2014 | $46,793,924 | $37,927,984 | $81,981,228 |
| FY2013 | $44,089,746 | $33,410,388 | $73,148,448 |
| FY2012 | $42,047,845 | $34,307,942 | $63,381,547 |
| FY2011 | $44,430,839 | $39,315,557 | $55,361,371 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $63,338,645 | 91% |
| Investment income | $6,365,056 | 9% |
What the numbers show
- Program service revenue made up 91% of total revenue in FY2022.
- Net assets covered about 25.5 months of expenses at the end of the reporting year.
- Total revenue rose from $44,430,839 in FY2011 to $70,267,649 in FY2022, Revenue increased in 8 and decreased in 3 of 11 year-over-year comparisons.
- Revenue covered expenses in each of the 12 reported years, FY2011 to FY2022.
- Net assets grew from $55,361,371 to $126,464,961 between FY2011 and FY2022.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
CREDIT UNION ONE IS COMMITTED TO PROVIDING EXCEPTIONAL VALUE TO ITS MEMBERS BY DELIVERING OUTSTANDING PRODUCTS AND SERVICES ANYTIME, ANYWHERE.
IRS status
| Ruling year | 1956 |
| Subsection | 501(c)(14) |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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