CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
NOVI, MI 48377 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $87,417,868 | $82,289,960 | $129,161,002 |
| FY2023 | $70,370,228 | $62,710,756 | $122,498,682 |
| FY2022 | $60,191,684 | $48,127,958 | $106,713,220 |
| FY2018 | $21,562,180 | $19,394,235 | $39,021,905 |
| FY2017 | $18,311,971 | $16,760,514 | $347,530,412 |
| FY2016 | $17,735,079 | $14,281,882 | $326,154,935 |
| FY2015 | $16,623,863 | $13,090,279 | $303,780,028 |
| FY2014 | $13,485,117 | $9,622,231 | $278,005,037 |
| FY2013 | $9,920,463 | $8,225,124 | $183,083,391 |
| FY2012 | $9,948,562 | $7,858,943 | $174,457,526 |
| FY2011 | $9,982,216 | $8,840,836 | $164,864,414 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $70,447,528 | 100% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Net assets covered about 18.8 months of expenses at the end of the reporting year.
- Total revenue rose from $9,982,216 in FY2011 to $87,417,868 in FY2024, Revenue increased in 8 and decreased in 2 of 10 year-over-year comparisons.
- Revenue covered expenses in each of the 11 reported years, FY2011 to FY2024.
- Net assets declined from $164,864,414 to $129,161,002 between FY2011 and FY2024.
- The IRS automatically revoked this organization's tax-exempt status on May 15, 2022; it was reinstated on May 15, 2022.
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
PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND
IRS status
| Ruling year | 2023 |
| Subsection | 501(c)(14) |
| Automatic revocation | May 15, 2022 — reinstated May 15, 2022 |
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.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.