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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 38-1627404

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

Also known as 837 OUR CREDIT UNION

Tax-exempt · ROYAL OAK, MI 48073

Financials

$19M$17.4M2023$19.6M$18.4M2024$20.4M$18M2025
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$20,416,132$17,978,118$2,438,014$360,322,983$335,844,155$24,478,828
December 31, 2024990$19,648,521$18,385,143$1,263,378$357,711,147$339,987,173$17,723,974
December 31, 2023990$18,978,004$17,405,556$1,572,448$364,423,514$347,491,430$16,932,084
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$16,576,463
Investment income
$3,839,669
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$750,000
Other salaries and wages
$4,716,668
Salaries, compensation and benefits (total)
$6,909,488
Professional fundraising fees
$0
Legal fees
$20,300
Accounting fees
$101,912
Occupancy
$714,192
Depreciation
$461,635
Management and general (functional)
$17,978,118

Balance sheet and other

Total assets, start of year
$357,711,147
Total assets, end of year
$360,322,983
Total liabilities, end of year
$335,844,155
Net assets, end of year
$24,478,828
Land, buildings and equipment
$5,988,490
Gross receipts
$20,416,132
Employees
84
Volunteers
0
Year formed
1959
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
DARREN CAMERONPRESIDENT CEO
Officer
40$270,000$20,000
TOM BARANCHIEF LENDING OFFICER
Officer
40$160,000$15,000
DAN MAIORANOCHIEF FINANCIAL OFFICER
Officer
40$160,000$15,000
ANDRE VYGNANSKICHIEF EXPERIENCE OFFICER
Officer
40$160,000$15,000
BRIAN COOKDIRECTOR
Trustee or director
2$0$0
TOM CARDELLIBOARD DIRECTOR
Trustee or director
2$0$0
JOEL DESHANEBOARD DIRECTOR
Trustee or director
2$0$0
CJ MIFSUDBOARD DIRECTOR
Trustee or director
2$0$0
JAMES DRESBACHBOARD DIRECTOR
Trustee or director
2$0$0
JOE KRIPILIBOARD CHAIRMAN
Trustee or director
2$0$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensationOther / benefits
DARREN CAMERONPRESIDENT CEO
Officer
40$260,000$20,000
TOM BARANCHIEF LENDING OFFICER
Officer
40$150,000$15,000
DAN MAIORANOCHIEF FINANCIAL OFFICER
Officer
40$150,000$15,000
ANDRE VYGNANSKICHIEF EXPERIENCE OFFICER
Officer
40$150,000$15,000
BRIAN COOKDIRECTOR
Trustee or director
2$0$0
TOM CARDELLIBOARD DIRECTOR
Trustee or director
2$0$0
JOEL DESHANEBOARD DIRECTOR
Trustee or director
2$0$0
CJ MIFSUDBOARD DIRECTOR
Trustee or director
2$0$0
JAMES DRESBACHBOARD DIRECTOR
Trustee or director
2$0$0
JOE KRIPILIBOARD CHAIRMAN
Trustee or director
2$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationOther / benefits
DARREN CAMERONPRESIDENT CEO
Officer
40$250,000$20,000
TOM BARANCHIEF LENDING OFFICER
Officer
40$145,000$15,000
DAN MAIORANOCHIEF FINANCIAL OFFICER
Officer
40$145,000$15,000
BRIAN COOKBOARD CHAIRMAN
Trustee or director
3$0$0
TOM CARDELLIBOARD VICE CHAIRMAN
Trustee or director
2$0$0
JOEL DESHANEBOARD DIRECTOR
Trustee or director
2$0$0
SUSAN ANDERSONBOARD DIRECTOR
Trustee or director
2$0$0
JAMES DRESBACHBOARD DIRECTOR
Trustee or director
2$0$0
JOE KRIPILIBOARD DIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
3070 NORMANDY RD, ROYAL OAK, MI 48073-2226
In care of
% DAN MAIORANO
Mailing address (990-N for 2016)
22460 Hampton Court, Farmington Hills MI 48335
Principal officer (990 for 2025)
Dan Maiorano, 3070 NORMANDY RD, ROYAL OAK, MI 48073
Principal officer (990-N for 2016)
Joanne M Kastle, 22460 Hampton Court, Farmington Hills MI 48335
Signed the 990
Dan Maiorano, CFO
Phone
(248) 549-3838

Mission

AS A MEMBER-OWNED FINANCIAL COOPERATIVE WE WILL UPHOLD THE HIGHEST STANDARDS IN OUR RELATIONSHIPS WITH MEMBERS EMPLOYEES AND THE COMMUNITY. WE WILL MAINTAIN EARNINGS AND RESERVES WHICH PROMOTE SOUND GROWTH AND ENCOURAGE MEMBER CONFIDENCE.

990 for the year ended December 31, 2025

Program accomplishments

  • PROMOTED THRIFT TO 23,626 MEMBERS BY OFFERING LOANS DEPOSITS AND OTHER RELATED FINANCIAL PRODUCTS0

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
38-1627404
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)
$360,322,983
Income (IRS master file)
$20,416,132

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$20,416,132$17,978,118$360,322,983IRS
990December 2024$19,648,521$18,385,143$357,711,147XML
990December 2023$18,978,004$17,405,556$364,423,514XML
990December 2022$17,406,777$15,393,378$386,093,946IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990-N for 2016
Officer: Joanne M Kastle
December 31, 2016≤ $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 38-1627404).

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 38-1627404.
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 Dan Maiorano.
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; 4 received compensation from the organization, the highest $270,000 (DARREN CAMERON, PRESIDENT 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 $20,416,132, expenses of $17,978,118 and total assets of $360,322,983 at year end.

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