Nonprofit · EIN 38-0299643
AAC CREDIT UNION
Tax-exempt · GRAND RAPIDS, MI 49534
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $13,068,328 | $9,966,636 | $3,101,692 | $205,510,375 | $155,740,661 | $49,769,714 |
| December 31, 2024 | 990 (amended) | $11,850,103 | $9,587,223 | $2,262,880 | $194,938,427 | $149,567,838 | $45,370,589 |
| December 31, 2023 | 990 | $10,677,080 | $8,233,081 | $2,443,999 | $184,172,237 | $141,064,528 | $43,107,709 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $10,097,336
- Investment income
- $2,970,992
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $636,689
- Other salaries and wages
- $2,156,896
- Salaries, compensation and benefits (total)
- $3,559,637
- Professional fundraising fees
- $0
- Legal fees
- $68,159
- Occupancy
- $171,741
- Travel
- $63,954
- Depreciation
- $275,597
Balance sheet and other
- Total assets, start of year
- $194,938,427
- Total assets, end of year
- $205,510,375
- Total liabilities, end of year
- $155,740,661
- Net assets, end of year
- $49,769,714
- Land, buildings and equipment
- $4,195,597
- Publicly traded securities
- $43,217,984
- Gross unrelated business income
- $36,917
- Gross receipts
- $13,068,328
- Employees
- 55
- Volunteers
- 7
- Year formed
- 1937
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRIAN TURMELL | President & CEO Officer | 40 | $214,261 | $60,417 |
| TIM KAMPHUIS | CFO Officer | 40 | $158,319 | $39,135 |
| VELVER FULLER | Vice President Officer | 40 | $133,477 | $31,080 |
| THANE BARDEN | Chairman Trustee or director | 1 | $0 | $0 |
| KENNETH HOWE | Director Trustee or director | 1 | $0 | $0 |
| DAVE KREMM | Treasurer Trustee or director | 1 | $0 | $0 |
| DENNIS ZIOMKOWSKY | Secretary Trustee or director | 1 | $0 | $0 |
| GORDON JELTEMA | Director Trustee or director | 1 | $0 | $0 |
| JIM ONDERSMA | Director Trustee or director | 1 | $0 | $0 |
| RUSS HOWER | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRIAN TURMELL | CEO Officer | 40 | $213,792 | $34,840 |
| TIM KAMPHUIS | CFO Officer | 40 | $120,797 | $31,393 |
| VELVER FULLER | Vice President Officer | 40 | $114,412 | $26,387 |
| THANE BARDEN | Chairman Trustee or director | 1 | $0 | $0 |
| KENNETH HOWE | Director Trustee or director | 1 | $0 | $0 |
| DAVE KREMM | Treasurer Trustee or director | 1 | $0 | $0 |
| DENNIS ZIOMKOWSKY | Secretary Trustee or director | 1 | $0 | $0 |
| GORDON JELTEMA | Director Trustee or director | 1 | $0 | $0 |
| JIM ONDERSMA | Director Trustee or director | 1 | $0 | $0 |
| RUSS HOWER | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRIAN TURMELL | CEO Officer | 40 | $211,491 | $35,196 |
| TIM KAMPHUIS | CFO Officer | 40 | $109,694 | $30,944 |
| VELVER FULLER | Vice President Officer | 40 | $109,994 | $26,628 |
| THANE BARDEN | Chairman Trustee or director | 1 | $0 | $0 |
| KENNETH HOWE | Director Trustee or director | 1 | $0 | $0 |
| DAVE KREMM | Treasurer Trustee or director | 1 | $0 | $0 |
| DENNIS ZIOMKOWSKY | Secretary Trustee or director | 1 | $0 | $0 |
| GORDON JELTEMA | Director Trustee or director | 1 | $0 | $0 |
| JIM ONDERSMA | Director Trustee or director | 1 | $0 | $0 |
| RUSS HOWER | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 177 WILSON AVE NW, GRAND RAPIDS, MI 49534-3554
- Principal officer (990 for 2025)
- TIMOTHY KAMPHUIS
- Signed the 990
- TIMOTHY KAMPHUIS, CEO
- Phone
- (616) 459-4429
- Website
- https://www.goaac.com/
- Return prepared by
- FINANCIAL STANDARDS GROUP INC
Mission
PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS
Program accomplishments
- THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, CERTIFICATES AND OTHER. THE TOTAL NUMBER OF MEMBERS AT 12/31/25 WAS 14,960.
- THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/25 WAS 7,714.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-0299643
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1956
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1359: CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
- Assets (IRS master file)
- $205,510,375
- Income (IRS master file)
- $13,068,328
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $13,068,328 | $9,966,636 | $205,510,375 | XML |
| 990 | December 2024 | $11,850,103 | $9,587,223 | $194,938,427 | XML |
| 990 | December 2023 | $10,677,080 | $8,233,081 | $184,172,237 | XML |
| 990 | December 2022 | $9,335,279 | $6,323,874 | $187,919,268 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-0299643).
Questions about AAC CREDIT UNION
- What is the EIN of AAC CREDIT UNION?
- The employer identification number (EIN) of AAC CREDIT UNION is 38-0299643.
- Is AAC CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1956.
- Are donations to AAC CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AAC CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AAC CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AAC CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of AAC CREDIT UNION?
- The 990 for the year ended December 31, 2025 names TIMOTHY KAMPHUIS.
- Who are the officers and directors of AAC CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 10 people; 3 received compensation from the organization, the highest $214,261 (BRIAN TURMELL, President & CEO).
- How much revenue does AAC CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $13,068,328, expenses of $9,966,636 and total assets of $205,510,375 at year end.
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