Nonprofit · EIN 38-1608518
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 749 MICHIGAN COASTAL CREDIT UNION
Tax-exempt · MUSKEGON, MI 49442
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,268,883 | $2,353,911 | -$85,028 | $27,596,764 | $25,434,148 | $2,162,616 |
| December 31, 2023 | 990 | $2,148,340 | $2,097,667 | $50,673 | $28,896,280 | $26,648,636 | $2,247,644 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,211,304
- Investment income
- $71,574
- Other revenue
- -$13,995
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $98,000
- Other salaries and wages
- $389,004
- Salaries, compensation and benefits (total)
- $564,411
- Professional fundraising fees
- $0
- Accounting fees
- $16,997
- Occupancy
- $67,347
- Travel
- $15,695
- Depreciation
- $78,268
Balance sheet and other
- Total assets, start of year
- $28,896,280
- Total assets, end of year
- $27,596,764
- Total liabilities, end of year
- $25,434,148
- Net assets, end of year
- $2,162,616
- Land, buildings and equipment
- $441,433
- Gross unrelated business income
- $33,088
- Gross receipts
- $2,268,883
- Employees
- 9
- Volunteers
- 5
- 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 |
|---|---|---|---|
| ROB VILAND | CEO Officer | 40 | $98,000 |
| WAYNE T FERRIER | Chairman Trustee or director | 1 | $0 |
| MARIO FLORES | Director Trustee or director | 1 | $0 |
| DIANA COLEMAN | Secretary Trustee or director | 1 | $0 |
| ANTONIOS MUOLATSIOTIS | Treasurer Trustee or director | 1 | $0 |
| TONY JOHNSON | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WAYNE T FERRIER | Chairman Trustee or director | 1 | $0 |
| MARIO FLORES | Director Trustee or director | 1 | $0 |
| DIANA COLEMAN | Secretary Trustee or director | 1 | $0 |
| ANTONIOS MUOLATSIOTIS | Treasurer Trustee or director | 1 | $0 |
| TONY JOHNSON | Director Trustee or director | 1 | $0 |
| ROB VILAND | CEO Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 1086 CRESTON ST, MUSKEGON, MI 49442-4178
- Mailing address (990-N for 2013)
- 2005 Lake Ave, Twin Lake MI 49442
- Principal officer (990 for 2024)
- ROB VILAND, 1086 CRESTON STREET, MUSKEGON, MI 49442
- Principal officer (990-N for 2013)
- Larry Joslyn, 2005 Lake Ave, Twin Lake MI 49442
- Signed the 990
- ROB VILAND, CEO
- Phone
- (231) 777-3620
- Return prepared by
- FINANCIAL STANDARDS GROUP INC
Mission
PROVIDE COOPERATIVE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS.
Program accomplishments
- THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, CERTIFICATES AND OTHER. THE TOTAL NUMBER OF MEMBERS AT 12/31/24 WAS 2,572.
- THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/2024 WAS 1,561.
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
- 38-1608518
- 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)
- $27,596,764
- Income (IRS master file)
- $2,268,883
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,268,883 | $2,353,911 | $27,596,764 | XML |
| 990 | December 2023 | $2,148,340 | $2,097,667 | $28,896,280 | XML |
| 990 | December 2022 | $1,722,570 | $1,647,583 | $26,406,478 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Larry Joslyn | December 31, 2013 | ≤ $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 38-1608518).
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 38-1608518.
- 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 ROB VILAND.
- 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 6 people; 1 received compensation from the organization, the highest $98,000 (ROB VILAND, 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 $2,268,883, expenses of $2,353,911 and total assets of $27,596,764 at year end.
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