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Nonprofit · EIN 38-1400730

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

Also known as 50 FARM BUREAU FAMILY CREDIT UN

Tax-exempt · LANSING, MI 48909

Financials

$1.1M$958K2023$1.5M$1.1M2024$1.7M$1.2M2025
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$1,654,037$1,239,763$414,274$24,786,006$21,658,200$3,127,806
December 31, 2024990$1,455,232$1,093,987$361,245$23,649,890$20,936,358$2,713,532
December 31, 2023990$1,130,865$957,785$173,080$22,725,001$20,372,714$2,352,287
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,317,880
Investment income
$336,157
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$165,797
Other salaries and wages
$236,645
Salaries, compensation and benefits (total)
$499,295
Professional fundraising fees
$0
Legal fees
$15,790
Accounting fees
$38,191
Occupancy
$24,180
Travel
$855
Depreciation
$1,767

Balance sheet and other

Total assets, start of year
$23,649,890
Total assets, end of year
$24,786,006
Total liabilities, end of year
$21,658,200
Net assets, end of year
$3,127,806
Land, buildings and equipment
$4,420
Gross receipts
$1,654,037
Employees
6
Volunteers
22
Year formed
1933
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
BRANDON L BUSSACEO
Officer
40$136,308$29,489
NICHOLAS OTTNEYDirector
Trustee or director
1$0$0
JAMEY MYERSDirector
Trustee or director
1$0$0
LAURA FRIESTROMDirector
Trustee or director
1$0$0
PAUL FINKTreasurer
Trustee or director
1$0$0
SCOTT PIGGOTTDirector
Trustee or director
1$0$0
NICHOLAS HOLMBERGChairman
Trustee or director
1$0$0
JESSICA FALZONSecretary
Trustee or director
1$0$0
JULIE SZUBINSKIDirector
Trustee or director
1$0$0
MICHAEL ELCHUKDirector
Trustee or director
1$0$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensationOther / benefits
BRANDON L BUSSACEO
Officer
40$128,089$22,913
NICHOLAS LEWISDirector
Trustee or director
1$0$0
JAMEY MYERSDirector
Trustee or director
1$0$0
SAMUEL NIELSENDirector
Trustee or director
1$0$0
STEVEN HUMMERTreasurer
Trustee or director
1$0$0
SCOTT PIGGOTTDirector
Trustee or director
1$0$0
NICHOLAS OTTNEYChairman
Trustee or director
1$0$0
JESSICA FALZONSecretary
Trustee or director
1$0$0
JULIE SZUBINSKIDirector
Trustee or director
1$0$0
JACK LUNADirector
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
BRANDON L BUSSACEO
Officer
40$122,548$18,710
NICHOLAS LEWISDirector
Trustee or director
1$0$0
JAMEY MYERSDirector
Trustee or director
1$0$0
SAMUEL NIELSENDirector
Trustee or director
1$0$0
STEVEN HUMMERTreasurer
Trustee or director
1$0$0
SCOTT PIGGOTTDirector
Trustee or director
1$0$0
NICHOLAS OTTNEYChairman
Trustee or director
1$0$0
JESSICA FALZONSecretary
Trustee or director
1$0$0
JULIE SZUBINSKIDirector
Trustee or director
1$0$0
JACK LUNADirector
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
PO BOX 30960, LANSING, MI 48909-8460
Principal officer (990 for 2025)
BRANDON BUSSA
Signed the 990
BRANDON BUSSA, CEO
Phone
(517) 679-5270
Return prepared by
FINANCIAL STANDARDS GROUP INC

Mission

TO PROVIDE LOW COST FINANCIAL SERVICES TO OUR MEMBER OWNERS.

990 for the year ended December 31, 2025

Program accomplishments

  • THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, CERTIFICATE AND OTHER. THE TOTAL NUMBER OF MEMBERS AT 12/31/2025 WAS 2,358.
  • THE CREDIT UNION PROVIDES A VARIETY OF LOAN TYPES TO MEMBERS INCLUDING CONSUMER, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/2025 WAS 1,551.

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
38-1400730
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)
$24,786,006
Income (IRS master file)
$1,654,037

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$1,654,037$1,239,763$24,786,006IRS
990December 2024$1,455,232$1,093,987$23,649,890XML
990December 2023$1,130,865$957,785$22,725,001XML
990December 2022$862,950$732,086$23,619,308IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 38-1400730).

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 38-1400730.
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 BRANDON BUSSA.
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 10 people; 1 received compensation from the organization, the highest $136,308 (BRANDON L BUSSA, 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 $1,654,037, expenses of $1,239,763 and total assets of $24,786,006 at year end.

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