Nonprofit · EIN 38-1438667
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 1027 CONSUMERS CREDIT UNION
Tax-exempt · KALAMAZOO, MI 49009
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $160,612,923 | $138,734,298 | $21,878,625 | $2,421,874,191 | $2,197,443,226 | $224,430,965 |
| December 31, 2023 | 990 (amended) | $132,085,885 | $110,953,066 | $21,132,819 | $2,206,395,595 | $2,003,843,255 | $202,552,340 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $155,947,593
- Investment income
- $4,646,336
- Net rental income
- $18,994
- Net gain from sales of assets
- $219,194
- Other revenue
- $18,994
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $4,278,038
- Other salaries and wages
- $29,660,228
- Salaries, compensation and benefits (total)
- $42,792,793
- Professional fundraising fees
- $0
- Legal fees
- $1,083,585
- Accounting fees
- $236,250
- Occupancy
- $3,884,629
- Travel
- $339,943
- Depreciation
- $5,165,985
Balance sheet and other
- Total assets, start of year
- $2,206,395,595
- Total assets, end of year
- $2,421,874,191
- Total liabilities, end of year
- $2,197,443,226
- Net assets, end of year
- $224,430,965
- Land, buildings and equipment
- $117,759,668
- Gross unrelated business income
- $400,983
- Gross receipts
- $160,623,332
- Employees
- 509
- Volunteers
- 7
- Year formed
- 1951
- 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 |
|---|---|---|---|---|
| SCOTT SYLVESTER | CEO Officer | 50 | $852,280 | $43,797 |
| STEVE HOWARD | CFO Officer | 50 | $461,364 | $355,797 |
| SHAWN PREMER | CHRO Officer | 50 | $438,085 | $50,465 |
| STEVE OWENS | CLO Officer | 50 | $376,586 | $63,796 |
| GREGG TEEGARDIN | MORTGAGE LOAN OFFICER Highest-paid employee | 50 | $401,752 | $36,472 |
| HEIDI BISH | MORTGAGE LOAN OFFICER Highest-paid employee | 50 | $363,751 | $23,628 |
| RENEE ZISKA | MORTGAGE SALES MGR Highest-paid employee | 50 | $336,110 | $21,634 |
| JEFFREY VISSER | CSO Officer | 50 | $261,890 | $82,752 |
| LYNN JARMAN-JOHNSON | CMO Officer | 50 | $248,182 | $92,362 |
| LINDSAY MCCALL | COO Officer | 50 | $260,356 | $68,271 |
| ROBERT DUNNING | CIO Officer | 50 | $246,614 | $78,730 |
| JOSHUA SUMMERFIELD | VP OF MORTGAGE Key employee | 50 | $282,994 | $37,797 |
| SCOTT ADAMS | CRO Officer | 50 | $232,555 | $64,154 |
| TIMOTHY KOSAK | VP OF CONSUMER LENDING & DATA ANALYSTICS Key employee | 50 | $183,349 | $48,884 |
| GLEN KELLAM | INVESTMENT SERVICES PROGRAM MANAGER Highest-paid employee | 50 | $209,697 | $19,630 |
9 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GARY FERGUSON | VP OF BUSINESS SERVICES Key employee | 50 | $189,844 | $27,311 |
| JAMES STEPHENS | MORTGAGE LOAN OFFICER Highest-paid employee | 50 | $160,111 | $29,578 |
| KIM SHOOK | CHAIRPERSON Trustee or director, Officer | 4 | $0 | $0 |
| NICK ZAFER | VICE-CHAIRPERSON Trustee or director, Officer | 4 | $0 | $0 |
| LISA GUSTAFSON | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| JAY PRINCE | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| MEGYN FOREST | DIRECTOR Trustee or director | 4 | $0 | $0 |
| CATHERINE RISHE | DIRECTOR Trustee or director | 4 | $0 | $0 |
| KIM WEISHAAR | DIRECTOR Trustee or director | 4 | $0 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT SYLVESTER | CEO Officer | 50 | $804,172 | $42,694 |
| STEVE HOWARD | CFO Officer | 50 | $469,806 | $277,810 |
| STEVE OWENS | CLO Officer | 50 | $394,430 | $62,505 |
| SHAWN PREMER | CHRO Officer | 50 | $320,353 | $54,681 |
| LYNN JARMAN-JOHNSON | CMO Officer | 50 | $260,992 | $97,144 |
| GREGG TEEGARDIN | MORTGAGE LOAN OFFICER Highest-paid employee | 50 | $318,907 | $35,432 |
| JEFFREY VISSER | CSO Officer | 50 | $266,751 | $71,187 |
| ROBERT DUNNING | CIO Officer | 50 | $242,465 | $70,763 |
| LINDSAY MCCALL | COO Officer | 50 | $246,494 | $64,290 |
| HEIDI BISH | MORTGAGE LOAN OFFICER Highest-paid employee | 50 | $270,546 | $25,400 |
| SCOTT ADAMS | CRO Officer | 50 | $230,702 | $58,509 |
| JOSHUA SUMMERFIELD | VP OF MORTGAGE Key employee | 50 | $218,730 | $36,311 |
| RENEE ZISKA | MORTGAGE SALES MGR Highest-paid employee | 50 | $196,563 | $22,823 |
| GARY FERGUSON | VP OF BUSINESS SERVICES Key employee | 50 | $164,704 | $28,398 |
| GLEN KELLAM | INVESTMENT SERVICES PROGRAM MANAGER Key employee | 50 | $172,601 | $20,481 |
| HEATHER GOULD | INDIRECT SALES MANAGER Highest-paid employee | 50 | $149,793 | $29,087 |
| TIMOTHY KOSAK | VP OF CONSUMER LENDING & DATA ANALYSTICS Key employee | 50 | $158,866 | $17,316 |
| ELLENGRACE HAUENSTEIN | MORTGAGE LOAN OFFICER Highest-paid employee | 50 | $144,480 | $27,031 |
| KIM SHOOK | CHAIRPERSON Trustee or director, Officer | 4 | $0 | $0 |
| NICK ZAFER | VICE-CHAIRPERSON Trustee or director, Officer | 4 | $0 | $0 |
| LISA GUSTAFSON | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| JAY PRINCE | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| BRENT BASSETT | DIRECTOR Trustee or director | 4 | $0 | $0 |
| KIM WEISHAAR | DIRECTOR Trustee or director | 4 | $0 | $0 |
| SANDRA GADDY | DIRECTOR Trustee or director | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7200 ELM VALLEY DR, KALAMAZOO, MI 49009-7444
- Principal officer (990 for 2024)
- SCOTT SYLVESTER, 7200 ELM VALLEY DRIVE, KALAMAZOO, MI 49009
- Signed the 990
- STEVE HOWARD, CFO
- Phone
- (269) 345-7804
- Website
- WWW.CONSUMERSCU.ORG
- Return prepared by
- PLANTE & MORAN PLLC
Mission
TO PROVIDE QUALITY AND INNOVATIVE FINANCIAL PRODUCTS AND SERVICES THAT CONTRIBUTE TO THE ECONOMIC AND SOCIAL WELL-BEING OF OUR MEMBERSHIP.
Program accomplishments
- SERVED 144,166 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
- 38-1438667
- 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)
- $2,421,874,191
- Income (IRS master file)
- $160,623,332
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $160,612,923 | $138,734,298 | $2,421,874,191 | XML |
| 990 | December 2023 | $132,085,885 | $110,953,066 | $2,206,395,595 | XML |
| 990 | December 2022 | $106,396,713 | $83,351,435 | $2,031,988,351 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 38-1438667).
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 38-1438667.
- 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 SCOTT SYLVESTER.
- 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 24 people; 17 received compensation from the organization, the highest $852,280 (SCOTT SYLVESTER, CEO).
- 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 $160,612,923, expenses of $138,734,298 and total assets of $2,421,874,191 at year end.
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