Nonprofit · EIN 38-1599932
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 770 SOO CO-OP CR UN
Tax-exempt · SAULT S MARIE, MI 49783
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $16,668,733 | $13,354,706 | $3,314,027 | $290,614,498 | $258,723,919 | $31,890,579 |
| December 31, 2023 | 990 | $13,688,606 | $11,044,405 | $2,644,201 | $259,141,916 | $231,628,937 | $27,512,979 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $14,135,100
- Investment income
- $2,533,633
- Net gain from sales of assets
- $1,050
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $338,775
- Other salaries and wages
- $3,663,279
- Salaries, compensation and benefits (total)
- $5,171,876
- Professional fundraising fees
- $0
- Legal fees
- $18,910
- Accounting fees
- $42,652
- Occupancy
- $356,682
- Travel
- $20,219
- Depreciation
- $208,739
Balance sheet and other
- Total assets, start of year
- $259,141,916
- Total assets, end of year
- $290,614,498
- Total liabilities, end of year
- $258,723,919
- Net assets, end of year
- $31,890,579
- Land, buildings and equipment
- $4,559,799
- Publicly traded securities
- $59,197,754
- Gross unrelated business income
- $381,321
- Gross receipts
- $16,668,733
- Employees
- 110
- Volunteers
- 7
- Year formed
- 1958
- 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 |
|---|---|---|---|---|
| LYNDA ELLIS | PRESIDENT/CE Officer | 40 | $124,294 | $11,202 |
| MELISSA MCCLENDON | VICE PRESIDE Officer | 40 | $89,672 | $5,608 |
| JOY HILL | CHIEF FINANC Officer | 40 | $82,187 | $8,118 |
| STEVEN ROGERS | DIRECTOR & E Trustee or director | 8 | $17,341 | $353 |
| EDWIN COOK | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| MONICA HOOLSEMA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORI LANGENDORF | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JO ANNE LUSSIER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TYLER MARTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM ROSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LYNDA ELLIS | PRESIDENT/CE Officer | 40 | $118,183 | $11,143 |
| MELISSA MCCLENDON | VICE PRESIDE Officer | 40 | $83,216 | $5,363 |
| JOY HILL | CHIEF FINANC Officer | 40 | $75,985 | $7,417 |
| STEVEN ROGERS | DIRECTOR & E Trustee or director | 8 | $17,655 | $359 |
| EDWIN COOK | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| MONICA HOOLSEMA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORI LANGENDORF | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JO ANNE LUSSIER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JIM ROSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM THORESEN | VICE CHAIRPE Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4489 I 75 BUSINESS SPUR, SAULT S MARIE, MI 49783-3622
- Mailing address (990-N for 2008)
- 2727 riverside dr, sault sainte marie MI 49783
- Principal officer (990 for 2024)
- LYNDA ELLIS, 4489 I-75 BUSINESS SPUR, SAULT STE MARIE, MI 49783
- Principal officer (990-N for 2008)
- michael whitney, 2727 riverside dr, sault sainte marie MI 49783
- Signed the 990
- LYNDA ELLIS, PRESIDENT/CEO
- Phone
- (906) 632-5300
- Website
- WWW.SOOCOOP.COM
- Return prepared by
- ANDREWS HOOPER PAVLIK PLC
Mission
TO BECOME THE MEMBERS' PRIMARY FINANCIAL INSTITUTION BY PROVIDING RELIABLE, COMPREHENSIVE, COURTEOUS, AND PROMPT SERVICES THAT ARE COMPETITIVE WITH THE MARKET AND IN TUNE WITH MEMBERS' NEEDS.
Program accomplishments
- THE ORGANIZATION PROVIDES MANY SERVICES TO ITS MEMBERS INCLUDING SAVINGS PLANS, SHARE DRAFT PRIVILEGES, LOANS FOR REAL ESTATE, CARS, BOATS, VACATIONS, EMERGENCIES, AND BUSINESS. THE ORGANIZATION ALSO PROVIDES INVESTMENT SERVICES THROUGH A FULLY LICENSED BROKER AND INSURANCE PRODUCTS THROUGH THIRD PARTY RELATIONSHIPS.
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
- 38-1599932
- 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)
- $290,614,498
- Income (IRS master file)
- $16,668,733
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $16,668,733 | $13,354,706 | $290,614,498 | XML |
| 990 | December 2023 | $13,688,606 | $11,044,405 | $259,141,916 | XML |
| 990 | December 2022 | $11,817,651 | $9,544,273 | $248,562,285 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2008 Officer: michael whitney | December 31, 2008 | ≤ $50,000 receipts | – | – | e-Postcard |
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 38-1599932).
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 38-1599932.
- 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 LYNDA ELLIS.
- 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 10 people; 4 received compensation from the organization, the highest $124,294 (LYNDA ELLIS, PRESIDENT/CE).
- 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 $16,668,733, expenses of $13,354,706 and total assets of $290,614,498 at year end.
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