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Nonprofit · EIN 38-0478780

PEOPLE DRIVEN CREDIT UNION

Also known as 22 PEOPLE DRIVEN CREDIT UNION

Tax-exempt · SOUTHFIELD, MI 48033

Financials

$29.4M$23.1M2023$30.1M$26.6M2024
Revenue Expenses · by fiscal year end
Financials of PEOPLE DRIVEN CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$30,146,660$26,574,821$3,571,839$470,762,151$437,019,037$33,743,114
December 31, 2023990$29,393,305$23,093,842$6,299,463$456,890,223$427,304,480$29,585,743
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$25,699,545
Investment income
$4,083,268
Other revenue
$363,847

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$2,562,932
Other salaries and wages
$6,250,793
Salaries, compensation and benefits (total)
$11,130,680
Professional fundraising fees
$0
Legal fees
$52,261
Accounting fees
$70,364
Occupancy
$1,162,619
Travel
$114,525

Balance sheet and other

Total assets, start of year
$456,890,223
Total assets, end of year
$470,762,151
Total liabilities, end of year
$437,019,037
Net assets, end of year
$33,743,114
Land, buildings and equipment
$12,507,867
Publicly traded securities
$62,862,586
Gross unrelated business income
$363,847
Gross receipts
$30,146,660
Employees
138
Volunteers
9
Year formed
1928
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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
RENEE D DEMARCOPRESIDENT/CEO
Officer
40$536,252$179,458
TOMMY GASSOCLO
Key employee
40$615,403$31,505
BRIAN HOWELLCIO
Key employee
40$227,940$33,588
MARGARET LAMBCRO
Key employee
40$222,023$31,009
EMILY ROBERTSCOO
Key employee
40$195,239$38,165
ANN MARIE NELSONCHRO
Key employee
40$196,311$30,302
ANDREA BADICSCFO
Officer
40$187,847$37,890
JEFFREY DESHANEVP LENDING
Highest-paid employee
40$162,620$31,208
DENNIS CARNELLVP CREDIT RISK
Highest-paid employee
40$134,416$23,270
SCOTT SULLIVANVP MARKETING
Highest-paid employee
40$119,460$21,838
SHELLEY FOSTERVP SOLUTIONS
Highest-paid employee
40$114,922$12,011
MICHELLE MIAZEKVP PROJECTS
Highest-paid employee
40$114,651$7,194
MICHELLE RHODESBOARD VICE CHAIR
Trustee or director
1$0$0
DENNIS W PARADOWSKIBOARD MEMBER
Trustee or director
1$0$0
CAROL DOMINOBOARD SECRETARY
Trustee or director
1$0$0
6 more people on this return
NameTitleHours / weekCompensation
RONNIE WILLIAMSBOARD MEMBER
Trustee or director
1$0
CLAUDIA HUNTERBOARD MEMBER
Trustee or director
1$0
KAREN SANBORNBOARD CHAIR
Trustee or director
1$0
KATHLEEN BIRCHFIELDBOARD MEMBER
Trustee or director
1$0
MARK LABERGEBOARD TREASURER
Trustee or director
1$0
JANE MUSZYNSKIBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 23 people
NameTitleHours / weekCompensationOther / benefits
RENEE D DEMARCOPRESIDENT/CEO
Officer
40$499,596$316,759
MICHELE WOLLARDFORMER CEO- COMMUNITY ALLIANCE CU
Former
0$250,000$40,180
MARGARET LAMBCRO
Key employee
40$206,677$29,672
EMILY ROBERTSCOO
Key employee
40$178,914$36,431
ANDREA BADICSCFO
Officer
40$169,280$37,741
ANN MARIE NELSONCHRO
Key employee
40$177,311$25,041
BRIAN HOWELLCIO
Key employee
40$176,246$26,005
JEFFREY DESHANEVP LENDING
Highest-paid employee
40$149,079$24,077
LISA SCHWARKVP HR
Highest-paid employee
40$131,974$24,898
SCOTT SULLIVANVP MARKETING
Highest-paid employee
40$108,411$26,825
SHELLEY FOSTERVP SOLUTIONS
Highest-paid employee
40$106,910$11,631
MICHELLE MIAZEKVP PROJECTS
Highest-paid employee
40$103,381$10,563
MICHELLE RHODESBOARD VICE CHAIR
Trustee or director
1$0$0
DENNIS W PARADOWSKIBOARD MEMBER
Trustee or director
1$0$0
CAROL DOMINOBOARD SECRETARY
Trustee or director
1$0$0
RONNIE WILLIAMSBOARD MEMBER
Trustee or director
1$0$0
CLAUDIA HUNTERBOARD MEMBER
Trustee or director
1$0$0
KAREN SANBORNBOARD CHAIR
Trustee or director
1$0$0
EDGAR BUISONBOARD MEMBER
Trustee or director
1$0$0
KATHLEEN BIRCHFIELDBOARD MEMBER
Trustee or director
1$0$0
MARK LABERGEBOARD TREASURER
Trustee or director
1$0$0
JANE MUSZYNSKIBOARD MEMBER
Trustee or director
1$0$0
KATHY RAYMORBOARD TREASURER (RESIGNED 08/2023)
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
24333 LAHSER RD, SOUTHFIELD, MI 48033-6041
Principal officer (990 for 2024)
RENEE DEMARCO, 24333 LAHSER ROAD, SOUTHFIELD, MI 48033
Signed the 990
ANDREA BADICS, CFO
Phone
(248) 263-4100
Return prepared by
DOEREN MAYHEW

Mission

THE MISSION OF PEOPLE DRIVEN CREDIT UNION IS TO PROMOTE THE FINANCIAL WELL-BEING OF THE MEMBERSHIP BY FOSTERING THRIFT AND ENCOURAGING THE PRUDENT USE OF CREDIT. THIS IS ACCOMPLISHED BY PROVIDING CONVENIENT, COMPETITIVELY PRICED, QUALITY FINANCIAL SERVICES IN A WORK ENVIRONMENT THAT PROVIDES A CHALLENGING AND REWARDING CAREER FOR EMPLOYEES AND ENCOURAGES VOLUNTEER MEMBER PARTICIPATION.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE 25,677 MEMBERS WITH REGULAR SAVINGS, CHECKING, CERTIFICATES OF DEPOSIT, AND IRA ACCOUNTS WITH AGGREGATE DEPOSIT BALANCES THAT AGGREGATED APPROXIMATELY $404,249,000 AS OF DECEMBER 31, 2024.
  • GRANTED 6,516 LOANS TO MEMBERS INCLUDING VEHICLE, MORTGAGE, HOME EQUITY, OVERDRAFT PROTECTION, CREDIT CARD, SIGNATURE, BUSINESS, AND RECREATIONAL VEHICLE LOANS.
  • PROVIDE ATM, DEBIT CARDS, BILL PAYMENT, MONEY ORDERS, ONLINE BANKING, OVERDRAFT/COURTESY PAY, FINANCIAL COUNSELING AND EDUCATION, AND VARIOUS INSURANCE PROGRAMS.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-0478780
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
Assets (IRS master file)
$470,762,151
Income (IRS master file)
$30,146,660

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$30,146,660$26,574,821$470,762,151XML
990December 2023$29,393,305$23,093,842$456,890,223XML
990December 2022$15,327,663$11,722,935$350,695,772IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 38-0478780).

Questions about PEOPLE DRIVEN CREDIT UNION

What is the EIN of PEOPLE DRIVEN CREDIT UNION?
The employer identification number (EIN) of PEOPLE DRIVEN CREDIT UNION is 38-0478780.
Is PEOPLE DRIVEN CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1956.
Are donations to PEOPLE DRIVEN CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PEOPLE DRIVEN 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 PEOPLE DRIVEN CREDIT UNION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PEOPLE DRIVEN CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PEOPLE DRIVEN CREDIT UNION?
The 990 for the year ended December 31, 2024 names RENEE DEMARCO.
Who are the officers and directors of PEOPLE DRIVEN CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 21 people; 12 received compensation from the organization, the highest $536,252 (RENEE D DEMARCO, PRESIDENT/CEO).
How much revenue does PEOPLE DRIVEN CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $30,146,660, expenses of $26,574,821 and total assets of $470,762,151 at year end.

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