Nonprofit · EIN 38-1453620
TRUE COMMUNITY CREDIT UNION
Tax-exempt · JACKSON, MI 49202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $67,574,993 | $64,395,175 | $3,179,818 | $880,536,100 | $790,015,237 | $90,520,863 |
| December 31, 2023 | 990 | $42,926,246 | $38,572,848 | $4,353,398 | $703,073,726 | $634,391,716 | $68,682,010 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,000
- Program service revenue
- $64,116,283
- Investment income
- $3,450,171
- Net rental income
- $3,539
- Net gain from sales of assets
- -$2,025,979
- Other revenue
- $3,539
Expenses
- Grants and similar amounts paid
- $429,402
- Compensation of officers, directors and key employees
- $2,523,368
- Other salaries and wages
- $16,188,119
- Salaries, compensation and benefits (total)
- $23,933,803
- Professional fundraising fees
- $0
- Legal fees
- $238,015
- Accounting fees
- $490,970
- Occupancy
- $1,393,512
- Travel
- $159,947
- Depreciation
- $2,308,068
Balance sheet and other
- Total assets, start of year
- $703,073,726
- Total assets, end of year
- $880,536,100
- Total liabilities, end of year
- $790,015,237
- Net assets, end of year
- $90,520,863
- Land, buildings and equipment
- $14,255,470
- Publicly traded securities
- $68,245,530
- Gross unrelated business income
- $243,564
- Gross receipts
- $81,507,676
- Employees
- 284
- Volunteers
- 12
- Year formed
- 2020
- 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 |
|---|---|---|---|---|
| CHRISTINA SIDERS | PRESIDENT/CEO Officer | 40 | $541,110 | $31,500 |
| JANET THOMPSON | EVP/CHIEF INTEGRATION OFFICER Key employee | 40 | $311,615 | $36,633 |
| VALERIE MOSKAL | CHIEF GROWTH & LENDING OFFICER Key employee | 40 | $279,553 | $37,463 |
| JASON MATLEY | EVP/CHIEF STRATEGY OFFICER Key employee | 40 | $286,227 | $20,687 |
| TERRY FRENCH | INVESTMENT ADVISOR Highest-paid employee | 40 | $258,297 | $14,608 |
| LANCE SCHNITKEY | CHIEF FINANCIAL OFFICER Officer | 40 | $246,915 | $19,158 |
| SARAH ERMATINGER | CHIEF COMMUNITY IMPACT OFFICER Key employee | 40 | $222,601 | $23,262 |
| HEATHER HARBACK | CHIEF PEOPLE OFFICER Key employee | 40 | $203,107 | $31,597 |
| JONATHAN BEARD | VP OF DIGITAL TRANSFORMATI Highest-paid employee | 40 | $205,555 | $28,207 |
| CANIS ARBROUET | VP OF FACILITIES Highest-paid employee | 40 | $196,591 | $29,963 |
| BRANDI COLE | CHIEF RISK OFFICER Key employee | 40 | $185,691 | $32,054 |
| SHAWN CHRISTIE | VP OF WEALTH MANAGEMENT Highest-paid employee | 40 | $176,097 | $36,649 |
| JEANINE MWHITE | SPECIAL PROJECT CONSULTANT Highest-paid employee | 40 | $172,049 | -$36,193 |
| DORIS GRAHAM | BOARD DIRECTOR Trustee or director | 1 | $3,692 | $0 |
| WILLIAM SACKETT | BOARD DIRECTOR Trustee or director | 1 | $2,631 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY DENTON | BOARD TREASURER Trustee or director | 1 | $2,430 |
| JOSHUA BURGETT | BOARD CHAIRPERSON Trustee or director | 1 | $2,021 |
| CHELSEA PAGE | BOARD VICECHAIRPERSON Trustee or director | 1 | $1,382 |
| MICHAEL RAWSON | BOARD DIRECTOR Trustee or director | 1 | $1,174 |
| JACOB INOCENCIO | BOARD DIRECTOR Trustee or director | 1 | $865 |
| REGINA PINNEY | BOARD DIRECTOR Trustee or director | 1 | $0 |
| KAREN RICHARD | BOARD DIRECTOR Trustee or director | 1 | $0 |
| TOM BUTMAN | BOARD DIRECTOR Trustee or director | 1 | $0 |
| BRITGITTEE FAWAZ-ANOUTI | BOARD DIRECTOR Trustee or director | 1 | $0 |
| RICHARD POKERWINSKI | BOARD DIRECTOR/EMERITUS Trustee or director | 1 | $0 |
| STU KAIL | BOARD DIRECTOR/ASSOCIATE Trustee or director | 1 | $0 |
| CHELSEA EISELE | BOARD DIRECTOR/ASSOCIATE Trustee or director | 1 | $0 |
| YVETTE WILKIE | BOARD DIRECTOR/ASSOCIATE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTINA SIDERS | PRESIDENT/CEO Officer | 40 | $356,270 | $17,858 |
| VALERIE MOSKAL | CHIEF GROWTH & LENDING OFFICER Key employee | 40 | $231,813 | $22,890 |
| JASON MATLEY | EVP/CHIEF STRATEGY OFFICER Key employee | 40 | $239,242 | $15,224 |
| TERRY FRENCH | INVESTMENT ADVISOR Highest-paid employee | 40 | $200,733 | $6,796 |
| CANIS ARBROUET | VP OF IT AND BRANCH INFRASTRUCTURE Key employee | 40 | $167,061 | $27,120 |
| SARAH ERMATINGER | CHIEF MEMBER EXPERIENCE OFFICER Key employee | 40 | $183,907 | $1,289 |
| HEATHER HARBACK | CHIEF PEOPLE OFFICER Key employee | 40 | $159,674 | $23,369 |
| LANCE SCHNITKEY | CHIEF FINANCIAL OFFICER Officer | 40 | $177,447 | $3,392 |
| JONATHAN BEARD | VP OF DIGITAL TRANSFORMATION Highest-paid employee | 40 | $146,989 | $24,949 |
| SHAWN CHRISTIE | VP OF WEALTH MANAGEMENT Highest-paid employee | 40 | $147,684 | $6,657 |
| BRANDI COLE | CHIEF RISK OFFICER Highest-paid employee | 40 | $130,630 | $13,548 |
| REBECCA BILLINGSLEY | SENIOR DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 40 | $151,886 | -$12,458 |
| QUENTIN GUINN | BOARD CHAIRPERSON UNTIL APRIL Trustee or director | 1 | $0 | $0 |
| JOSH BURGETT | BOARD CHAIRPERSON EFFECTIVE APRIL Trustee or director | 1 | $0 | $0 |
| TIMOTHY DENTON | BOARD TREASURER Trustee or director | 1 | $0 | $0 |
| JO ANN RAND | BOARD SECRETARY Trustee or director | 1 | $0 | $0 |
| NEIL FERNANDES | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN RICHARD | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| REGINA PINNEY | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHELSEA PAGE | BOARD VICECHAIRPERSON EFFECTIVE APRIL Trustee or director | 1 | $0 | $0 |
| TOM BUTMAN | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN HOSTETLER | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACOB INOCENCIO | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1100 CLINTON RD, JACKSON, MI 49202-2060
- Principal officer (990 for 2024)
- CHRISTINA SIDERS, 1100 CLINTON RD, JACKSON, MI 49202
- Signed the 990
- LANCE SCHNITKEY, CFO
- Phone
- (517) 784-7101
- Website
- WWW.TRUECCU.COM
- Return prepared by
- DOEREN MAYHEW
Mission
TO CULTIVATE LEGACY-DEFINING MOMENTS FOR THE PEOPLE AND PLACES WE SERVE FOR GENERATIONS TO COME.
Program accomplishments
- TRUE COMMUNITY CREDIT UNION PROVIDES A SPECTRUM OF DEPOSIT AND LOAN PRODUCTS FOR OUR MEMBERS AND PROVIDES FINANCIAL EDUCATION FOR THE COMMUNITY TO CULTIVATE THE LEGACY-DEFINING MOMENTS FOR THOSE WE SERVE.
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
- 38-1453620
- 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)
- $880,536,100
- Income (IRS master file)
- $81,507,676
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $67,574,993 | $64,395,175 | $880,536,100 | XML |
| 990 | December 2023 | $42,926,246 | $38,572,848 | $703,073,726 | XML |
| 990 | December 2022 | $35,270,035 | $31,553,892 | $683,496,777 | IRS |
| 990 | December 2021 | $30,339,343 | $26,190,043 | $691,048,479 | 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 38-1453620).
Questions about TRUE COMMUNITY CREDIT UNION
- What is the EIN of TRUE COMMUNITY CREDIT UNION?
- The employer identification number (EIN) of TRUE COMMUNITY CREDIT UNION is 38-1453620.
- Is TRUE COMMUNITY CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1956.
- Are donations to TRUE COMMUNITY CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TRUE COMMUNITY CREDIT UNION 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 TRUE COMMUNITY CREDIT UNION 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 TRUE COMMUNITY CREDIT UNION 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 TRUE COMMUNITY CREDIT UNION?
- The 990 for the year ended December 31, 2024 names CHRISTINA SIDERS.
- Who are the officers and directors of TRUE COMMUNITY CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 28 people; 20 received compensation from the organization, the highest $541,110 (CHRISTINA SIDERS, PRESIDENT/CEO).
- How much revenue does TRUE COMMUNITY CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $67,574,993, expenses of $64,395,175 and total assets of $880,536,100 at year end.
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