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Nonprofit · EIN 38-1362849

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

Also known as 1072 HPC CREDIT UNION

Tax-exempt · ALPENA, MI 49707

Financials

$5.4M$5.3M2023$6.8M$5.5M2024$7.5M$6.3M2025
Revenue Expenses · by fiscal year end
Financials of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$7,480,258$6,299,806$1,180,452$158,895,916$136,157,401$22,738,515
December 31, 2024990$6,826,736$5,528,088$1,298,648$153,945,735$132,387,672$21,558,063
December 31, 2023990$5,429,627$5,319,122$110,505$158,016,891$137,757,476$20,259,415
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$5,621,833
Investment income
$1,856,918
Other revenue
$1,507

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$624,710
Other salaries and wages
$1,383,458
Salaries, compensation and benefits (total)
$2,496,931
Professional fundraising fees
$0
Legal fees
$13,981
Occupancy
$178,129
Travel
$106,372
Depreciation
$156,239

Balance sheet and other

Total assets, start of year
$153,945,735
Total assets, end of year
$158,895,916
Total liabilities, end of year
$136,157,401
Net assets, end of year
$22,738,515
Land, buildings and equipment
$3,187,414
Publicly traded securities
$11,054,000
Gross unrelated business income
$29,410
Gross receipts
$7,480,258
Employees
34
Volunteers
9
Year formed
1950
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.

NameTitleHours / weekCompensationOther / benefits
DENNIS WERNERCEO
Officer
50$222,143$23,358
JULIE HANSENCFO
Officer
50$157,552$44,056
THOMAS HENDRICKSVice President
Officer
40$147,372$30,229
CHRISTINE CURLEYCOO40$95,240$26,847
JON BENSONChairman
Trustee or director
1$0$0
ROBERT ILSLEYDirector
Trustee or director
1$0$0
MARY CRITTENDENDirector
Trustee or director
1$0$0
MARK LEEDirector
Trustee or director
1$0$0
WILLIAM MISCHLEYSecretary
Trustee or director
1$0$0
JAMES MALASKITreasurer
Trustee or director
1$0$0
ANDREW LAMPDirector
Trustee or director
1$0$0
990 for the year ended December 31, 2024: 11 people
NameTitleHours / weekCompensationOther / benefits
DENNIS WERNERCEO
Officer
50$205,818$22,689
JULIE HANSENCFO
Officer
50$144,400$40,836
THOMAS HENDRICKSVice President
Officer
40$143,721$28,889
CHRISTINE CURLEYCOO
Officer
40$78,181$19,296
JON BENSONChairman
Trustee or director
1$0$0
ROBERT ILSLEYDirector
Trustee or director
1$0$0
MARY CRITTENDENDirector
Trustee or director
1$0$0
MARK LEEDirector
Trustee or director
1$0$0
WILLIAM MISCHLEYSecretary
Trustee or director
1$0$0
JAMES MALASKITreasurer
Trustee or director
1$0$0
ANDREW LAMPDirector
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
DENNIS WERNERCEO
Officer
50$182,779$20,467
THOMAS HENDRICKSVice President
Officer
40$133,140$26,707
JULIE HANSENCFO
Officer
50$121,469$37,091
JON BENSONChairman
Trustee or director
1$0$0
ROBERT ILSLEYDirector
Trustee or director
1$0$0
JAMES HUBERTDirector
Trustee or director
1$0$0
MARK LEEDirector
Trustee or director
1$0$0
WILLIAM MISCHLEYSecretary
Trustee or director
1$0$0
JAMES MALASKITreasurer
Trustee or director
1$0$0
ANDREW LAMPDirector
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1234 W CHISHOLM ST, ALPENA, MI 49707-1620
Principal officer (990 for 2025)
DENNIS WERNER, 1234 W CHISHOLM ST, ALPENA, MI 497071620
Signed the 990
DENNIS WERNER, CEO
Phone
(989) 354-4698
Return prepared by
FINANCIAL STANDARDS GROUP INC

Mission

TO SERVE AND PROMOTE MEMBERS' PERSONAL FINANCIAL SUCCESS AND TO CONTINUE THE CREDIT UNION PHILOSOPHY OF PEOPLE HELPING PEOPLE.

990 for the year ended December 31, 2025

Program accomplishments

  • THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING CHECKING, SAVINGS, CERTIFICATES AND OTHER. THE TOTAL NUMBER OF MEMBERS AT 12/31/25 WAS 7,582, TOTAL NUMBER OF ACCOUNTS HELD ARE 17,459. THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING ARE 12/31/25 WAS 3,257.

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-1362849
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)
$158,895,916
Income (IRS master file)
$7,480,258

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$7,480,258$6,299,806$158,895,916XML
990December 2024$6,826,736$5,528,088$153,945,735IRS
990December 2023$5,429,627$5,319,122$158,016,891XML
990December 2022$4,415,579$4,313,394$163,735,432IRS
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 38-1362849).

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 38-1362849.
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 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 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 2025.
Who is the principal officer of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
The 990 for the year ended December 31, 2025 names DENNIS WERNER.
Who are the officers and directors of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
The 990 for the year ended December 31, 2025 lists 11 people; 4 received compensation from the organization, the highest $222,143 (DENNIS WERNER, CEO).
How much revenue does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN have?
On its 990 for the year ended December 31, 2025 it reported revenue of $7,480,258, expenses of $6,299,806 and total assets of $158,895,916 at year end.

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