Nonprofit · EIN 38-1350130
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 96 DFCU FINANCIAL
Tax-exempt · DEARBORN, MI 48126
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $270,939,748 | $228,057,335 | $42,882,413 | $6,661,513,708 | $6,168,153,941 | $493,359,767 |
| December 31, 2023 | 990 | $237,737,792 | $188,819,360 | $48,918,432 | $6,261,595,415 | $5,883,557,017 | $378,038,398 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $185,567,424
- Investment income
- $85,372,324
- Net gain from sales of assets
- -$7,082,175
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $291,540
- Compensation of officers, directors and key employees
- $7,314,341
- Other salaries and wages
- $45,437,559
- Salaries, compensation and benefits (total)
- $65,919,120
- Professional fundraising fees
- $0
- Legal fees
- $216,302
- Accounting fees
- $577,597
- Occupancy
- $6,180,369
- Travel
- $350,393
- Depreciation
- $3,786,147
Balance sheet and other
- Total assets, start of year
- $6,261,595,415
- Total assets, end of year
- $6,661,513,708
- Total liabilities, end of year
- $6,168,153,941
- Net assets, end of year
- $493,359,767
- Land, buildings and equipment
- $60,506,264
- Gross unrelated business income
- $196,951
- Gross receipts
- $270,939,748
- Employees
- 762
- Volunteers
- 0
- 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 |
|---|---|---|---|
| Brad Sova | Financial Consultant Highest-paid employee | 40 | $1,558,279 |
| Ryan Goldberg | CEO Officer | 40 | $1,401,942 |
| John Friday | Financial Consultant Highest-paid employee | 40 | $613,388 |
| Jack Barrett | Florida Market & Chief CL Officer Key employee | 40 | $573,223 |
| Keri Boyd | Chief Retail Service Officer Key employee | 40 | $554,895 |
| John Chapel-Pearch | CFO Officer | 40 | $553,697 |
| Vince Pittiglio | CIO Key employee | 40 | $553,381 |
| Patrick Maher | President DFCU Financial Partners Highest-paid employee | 40 | $509,697 |
| Louis Petrucco | Financial Consultant Highest-paid employee | 40 | $500,301 |
| Brian Mell | Financial Consultant Highest-paid employee | 40 | $495,539 |
| Matt Elsey | Board Treasurer Trustee or director | 1 | $0 |
| Keith Moss | Board Member Vice Chair Trustee or director | 1 | $0 |
| Donald Tomford | Board Secretary Trustee or director | 1 | $0 |
| Shirley Ghannam | Board Member Trustee or director | 1 | $0 |
| Margaret Dimond | Board Member Trustee or director | 1 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Annetta May | Board Member Trustee or director | 1 | $0 |
| John Sinelli | Board Member Trustee or director | 1 | $0 |
| Cama Cureton | Board Member Trustee or director | 1 | $0 |
| James Cowper | Board Member Chairperson Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brad Sova | Financial Consultant Highest-paid employee | 40 | $1,410,533 |
| Ryan Goldberg | CEO Officer | 40 | $1,262,524 |
| Jack Barrett | Florida Market & Chief CL Officer Key employee | 40 | $1,145,384 |
| David Mastrorio | EVP & CLO Highest-paid employee | 40 | $700,617 |
| John Friday | Financial Consultant Highest-paid employee | 40 | $612,314 |
| Scott Vermillion | Financial Consultant Highest-paid employee | 40 | $569,591 |
| John Chapel-Pearch | CFO Officer | 40 | $528,660 |
| Vince Pittiglio | CIO Key employee | 40 | $523,922 |
| Keri Boyd | Chief Retail Service Officer Key employee | 40 | $523,203 |
| Doug Cooper | CLO Key employee | 40 | $489,052 |
| Brian Mell | Financial Consultant Highest-paid employee | 40 | $487,261 |
| Matt Elsey | Board Treasurer Trustee or director | 1 | $0 |
| Keith Moss | Board Member Vice Chair Trustee or director | 1 | $0 |
| Donald Tomford | Board Secretary Trustee or director | 1 | $0 |
| Shirley Ghannam | Board Member Trustee or director | 1 | $0 |
| Margaret Dimond | Board Member Trustee or director | 1 | $0 |
| Annetta May | Board Member Trustee or director | 1 | $0 |
| John Sinelli | Board Member Trustee or director | 1 | $0 |
| James Bazner | Board Member Trustee or director | 1 | $0 |
| James Cowper | Board Member Chairperson Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 400 TOWN CENTER DRIVE, DEARBORN, MI 48126-2753
- Principal officer (990 for 2024)
- Ryan Goldberg, 400 Town Center Dr, Dearborn, MI 48126
- Signed the 990
- John Chapel-Pearch, CFO
- Phone
- (313) 322-8279
- Website
- www.dfcufinancial.com
Mission
Highly personalized service, easy to understand, financial expertise offering a full range of financial services and products.
Program accomplishments
- Highly personalized service, easy to understand, financial expertise offering a full range of financial services and products.Expenses $228,057,335 · revenue $270,939,748
- Highly personalized service, easy to understand, financial expertise offering a full range of financial services and 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
- 38-1350130
- 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
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $270,939,748 | $228,057,335 | $6,661,513,708 | XML |
| 990 | December 2023 | $237,737,792 | $188,819,360 | $6,261,595,415 | XML |
| 990 | December 2022 | $179,964,241 | $130,926,227 | $6,001,741,823 | IRS |
| 990 | December 2021 | $181,284,426 | $116,707,976 | $6,455,380,939 | IRS |
| 990 | December 2020 | $179,910,846 | $124,306,089 | $5,816,690,338 | 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 38-1350130).
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 38-1350130.
- 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 Ryan Goldberg.
- 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 19 people; 10 received compensation from the organization, the highest $1,558,279 (Brad Sova, Financial Consultant).
- 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 $270,939,748, expenses of $228,057,335 and total assets of $6,661,513,708 at year end.
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