Nonprofit · EIN 38-0855535
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 118 ADVENTURE CREDIT UNION
Tax-exempt · GRAND RAPIDS, MI 49548
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $27,097,467 | $25,444,419 | $1,653,048 | $447,657,099 | $384,901,722 | $62,755,377 |
| December 31, 2023 | 990 | $25,011,714 | $22,514,647 | $2,497,067 | $434,891,084 | $376,195,627 | $58,695,457 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $23,416,001
- Investment income
- $3,681,466
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $834,525
- Other salaries and wages
- $6,457,339
- Salaries, compensation and benefits (total)
- $8,979,189
- Professional fundraising fees
- $0
- Legal fees
- $115,110
- Accounting fees
- $231,135
- Occupancy
- $876,954
- Travel
- $65,419
- Depreciation
- $490,428
Balance sheet and other
- Total assets, start of year
- $434,891,084
- Total assets, end of year
- $447,657,099
- Total liabilities, end of year
- $384,901,722
- Net assets, end of year
- $62,755,377
- Land, buildings and equipment
- $10,529,669
- Publicly traded securities
- $49,763,665
- Gross unrelated business income
- $14,682
- Gross receipts
- $27,097,467
- Employees
- 121
- Volunteers
- 9
- Year formed
- 1936
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMANDA GARABEDIAN | CHIEF EXECUTIVE OFFICER Officer | 40 | $331,920 | $28,226 |
| JEROME MAUE | CHIEF FINANCIAL OFFICER Officer | 40 | $228,408 | $15,629 |
| JAMES BIRD | ARIS FINANCIAL MANAGER Highest-paid employee | 40 | $227,179 | $10,788 |
| LISA POSTHUMUS | CHIEF LENDING OFFICER Officer | 40 | $209,033 | $21,309 |
| TIMOTHY LOGAN | SVP OF IT Highest-paid employee | 40 | $138,295 | $22,697 |
| MEGAN ANTHONY | SVP OF HR Highest-paid employee | 40 | $137,264 | $19,000 |
| SHANNA SCHNEIDER | VP OF OPERATIONS Highest-paid employee | 40 | $138,082 | $7,592 |
| VERONICA HOSFORD | VP OF LENDING Highest-paid employee | 40 | $119,476 | $16,905 |
| PETE WINNINGER | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY ARIZOLA | BOARD VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL KUTAS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SHARI WALDVOGEL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DAVE FERGUSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVE KIDD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA ANDREWS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLIE BRENEMAN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMANDA GARABEDIAN | CHIEF EXECUTIVE OFFICER Officer | 40 | $278,491 | $24,667 |
| JEROME MAUE | CHIEF FINANCIAL OFFICER Officer | 40 | $194,207 | $15,664 |
| JAMES BIRD | ARIS FINANCIAL MANAGER Highest-paid employee | 40 | $173,786 | $10,488 |
| LISA POSTHUMUS | CHIEF LENDING OFFICER Officer | 40 | $158,695 | $22,705 |
| TIMOTHY LOGAN | SVP OF IT Highest-paid employee | 40 | $123,325 | $21,370 |
| MEGAN ANTHONY | SVP OF HR Highest-paid employee | 40 | $127,291 | $17,285 |
| SHANNA SCHNEIDER | VP OF OPERATIONS Highest-paid employee | 40 | $123,758 | $9,649 |
| VEROONICA HOSFORD | VP OF LENDING Highest-paid employee | 40 | $113,181 | $7,317 |
| JULIE HEILKEMA | VP OF MORTGAGES Highest-paid employee | 40 | $109,137 | $10,735 |
| PETE WINNINGER | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY ARIZOLA | BOARD VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL KUTAS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SHARI WALDVOGEL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| PATRICIA ANDREWS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHARLIE BRENEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVE FERGUSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVE KIDD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 630 32ND SE ST, GRAND RAPIDS, MI 49548-0000
- In care of
- % ADVENTURE CREDIT UNION
- Principal officer (990 for 2024)
- JEROME MAUE, 630 32ND STREET SE, GRAND RAPIDS, MI 49548
- Signed the 990
- JERRY MAUE, CFO
- Phone
- (616) 243-0125
- Website
- WWW.ADVENTURECU.ORG
- Return prepared by
- PLANTE & MORAN PLLC
Mission
TO PROVIDE FINANCIAL SERVICES WHILE TREATING MEMBERS WITH DIGNITY AND RESPECT, ACTING AS A GOOD STEWARD OF OUR MEMBERS' ASSETS, VALUING OUR EMPLOYEES AND VOLUNTEERS, MAINTAINING HIGH LEVELS OF INTEGRITY IN EVERYTHING WE DO, AND BEING A LEADER IN COMMUNITY OUTREACH AND BUILDING COMMUNITY RELATIONSHIPS.
Program accomplishments
- ADVENTURE CREDIT UNION SERVED AND CONTINUES TO SERVE THE FINANCIAL NEEDS OF 30,660 MEMBERS BY OFFERING LOANS, DEPOSITS AND VARIOUS OTHER FINANCIAL PRODUCTS.
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 | Not 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
- 38-0855535
- 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)
- $447,657,099
- Income (IRS master file)
- $27,097,467
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $27,097,467 | $25,444,419 | $447,657,099 | XML |
| 990 | December 2023 | $25,011,714 | $22,514,647 | $434,891,084 | XML |
| 990 | December 2022 | $22,480,279 | $20,093,597 | $437,120,346 | 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 38-0855535).
Questions about CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
- What is the EIN of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The employer identification number (EIN) of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN is 38-0855535.
- Is CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1956.
- Are donations to CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 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 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 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 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 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 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The 990 for the year ended December 31, 2024 names JEROME MAUE.
- Who are the officers and directors of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The 990 for the year ended December 31, 2024 lists 16 people; 8 received compensation from the organization, the highest $331,920 (AMANDA GARABEDIAN, CHIEF EXECUTIVE OFFICER).
- How much revenue does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $27,097,467, expenses of $25,444,419 and total assets of $447,657,099 at year end.
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