Nonprofit · EIN 38-1629793
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 425 MICHIGAN SCHOOLS AND GOVT CRED
Tax-exempt · CLINTON TWP, MI 48038
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $231,318,640 | $195,685,755 | $35,632,885 | $4,286,069,600 | $3,763,659,634 | $522,409,966 |
| December 31, 2024 | 990 | $201,599,156 | $177,058,948 | $24,540,208 | $3,895,584,180 | $3,431,123,783 | $464,460,397 |
| December 31, 2023 | 990 | $159,278,248 | $139,729,726 | $19,548,522 | $3,633,913,845 | $3,203,075,528 | $430,838,317 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $219,920,561
- Investment income
- $11,398,079
- Net gain from sales of assets
- $697,145
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $187,600
- Compensation of officers, directors and key employees
- $952,255
- Other salaries and wages
- $36,761,150
- Salaries, compensation and benefits (total)
- $51,203,946
- Professional fundraising fees
- $0
- Accounting fees
- $236,848
- Occupancy
- $3,821,486
- Travel
- $131,390
- Depreciation
- $3,545,616
Balance sheet and other
- Total assets, start of year
- $3,895,584,180
- Total assets, end of year
- $4,286,069,600
- Total liabilities, end of year
- $3,763,659,634
- Net assets, end of year
- $522,409,966
- Land, buildings and equipment
- $82,069,408
- Publicly traded securities
- $351,241,517
- Gross unrelated business income
- $147,808
- Gross receipts
- $278,069,684
- Employees
- 557
- Volunteers
- 13
- Year formed
- 1954
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE BREWER | PRESIDENT/CEO Officer | 40 | $873,615 | $66,532 |
| CHARUMATHI HARI | MORTGAGE CONSULTANT Highest-paid employee | 40 | $558,844 | $46,756 |
| PHILIP COOPER | CLO Highest-paid employee | 40 | $441,794 | $60,297 |
| BRYAN WIELGAT | CIO Highest-paid employee | 40 | $419,660 | $63,228 |
| VALLORIE MCBRIDE | CFO Highest-paid employee | 40 | $387,655 | $65,527 |
| RACHEL FRAGNOLI | SVP HR Highest-paid employee | 40 | $314,328 | $55,246 |
| DOUGLAS SMITH | BOARD CHAIRPERSON Trustee or director | 1 | $3,963 | $0 |
| RICHARD MAIERLE | BOARD MEMBER Trustee or director | 1 | $3,553 | $0 |
| TERESA DIMARIA | BOARD MEMBER Trustee or director | 1 | $2,144 | $0 |
| DR EDWARD CALLAGHAN | BOARD MEMBER Trustee or director | 1 | $1,559 | $0 |
| CHARLES THOMAS | BOARD MEMBER Trustee or director | 1 | $889 | $0 |
| DR WILLIAM CAYEN | BOARD VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| ELIZABETH ARGIRI | BOARD TREASURER Trustee or director | 1 | $0 | $0 |
| CHRISTINA AYAR | BOARD SECRETARY Trustee or director | 1 | $0 | $0 |
| JAMES MCCANN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD SHOEMAKER | BOARD MEMBER Trustee or director | 1 | $0 |
| LOLA ARE | BOARD MEMBER Trustee or director | 1 | $0 |
| WANDA COOK-ROBINSON | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVEN GOTTLIEB | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE BREWER | PRESIDENT/CEO Officer | 40 | $791,206 | $62,621 |
| CHARUMATHI HARI | MORTGAGE CONSULTANT Highest-paid employee | 40 | $560,739 | $34,332 |
| DEBORAH FAHRNEY | COO Highest-paid employee | 40 | $433,095 | $59,632 |
| PHILIP COOPER | CLO Highest-paid employee | 40 | $415,111 | $56,343 |
| BRYAN WIELGAT | CIO Highest-paid employee | 40 | $338,563 | $57,089 |
| VALLORIE MCBRIDE | CFO Highest-paid employee | 40 | $289,393 | $40,751 |
| RICHARD MAIERLE | DIRECTOR Trustee or director | 1 | $3,981 | $0 |
| DOUGLAS SMITH | CHAIRPERSON Trustee or director | 1 | $1,076 | $0 |
| EDWARD CALLAGHAN | DIRECTOR Trustee or director | 1 | $864 | $0 |
| TERESA DIMARIA | DIRECTOR Trustee or director | 1 | $649 | $0 |
| WILLIAM CAYEN | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| JAMES MCCANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD SHOEMAKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES THOMAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH ARGIRI | TREASURER Trustee or director | 1 | $0 | $0 |
| CHRISTINA AYAR | SECRETARY Trustee or director | 1 | $0 | $0 |
| WANDA COOK-ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE BREWER | PRESIDENT/CEO Officer | 40 | $711,644 | $59,429 |
| PHILIP COOPER | CLO Highest-paid employee | 40 | $406,547 | $53,468 |
| DEBORAH FAHRNEY | COO Highest-paid employee | 40 | $394,784 | $57,312 |
| BRYAN WIEGLAT | CIO Highest-paid employee | 40 | $306,073 | $54,096 |
| ANN JONES | VP MARKETING/BUSINESS DEVELOPMENT Highest-paid employee | 40 | $264,993 | $48,129 |
| VALLORIE MCBRIDE | CFO Highest-paid employee | 40 | $235,896 | $31,592 |
| RICHARD MAIERLE | DIRECTOR Trustee or director | 1 | $5,609 | $0 |
| ELIZABETH ARGIRI | TREASURER Trustee or director | 1 | $3,383 | $0 |
| DOUGLAS SMITH | VICE CHAIRPERSON Trustee or director | 1 | $1,515 | $0 |
| CHARLES THOMAS | DIRECTOR Trustee or director | 1 | $1,072 | $0 |
| WILLIAM CAYEN | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| JAMES MCCANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TERESA DIMARIA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EDWARD CALLAGHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD SHOEMAKER | SECRETARY Trustee or director | 1 | $0 | $0 |
| CHRISTINA AYAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 40400 GARFIELD RD, CLINTON TWP, MI 48038-4004
- Mailing address (990-N for 2025)
- 22700 California St, Saint Clair Shores MI 48080
- Principal officer (990 for 2025)
- STEVE BREWER, 40400 GARFIELD RD, CLINTON TOWNSHIP, MI 48038
- Principal officer (990-N for 2025)
- Siranda Patchel, 42554 Heydenreich Rd, Clinton Township MI 48038
- Signed the 990
- VALLORIE MCBRIDE, CFO
- Phone
- (586) 263-8800
- Website
- WWW.MSGCU.ORG
- Return prepared by
- DOEREN MAYHEW
Mission
WE ARE A CARING ORGANIZATION DEDICATED TO PROMOTING FINANCIAL SUCCESS FOR OUR MEMBERS.
Program accomplishments
- WITH 24 OFFICES LOCATED THROUGHOUT MACOMB, OAKLAND, WAYNE AND WASHTENAW COUNTIES, PROVIDING FULL ONLINE BANKING AND MOBILE SERVICES, WITH $4.3 BILLION IN ASSETS, $3.7 BILLION IN LOANS, AND A STAFF OF 470 EMPLOYEES, MSGCU IS A VALUED RESOURCE FOR FINANCIAL WELLBEING FOR BOTH CONSUMERS AND BUSINESSES. AT THE END OF 2025, THE CONSUMER LENDING PORTION OF THE PORTFOLIO WAS JUST OVER $1.4 BILLION, THE MORTGAGE PORTFOLIO WAS JUST OVER $1.9 BILLION, AND THE BUSINESS LOAN PORTFOLIO WAS $386 MILLION. MEMBER SHARES TOTALED APPROXIMATELY $3.5 BILLION.
- THE CREDIT UNION MAINTAINED ITS SCHOLARSHIP INITIATIVES BY CONTRIBUTING OVER $135,000 TO MEMBERS OF THE COMMUNITIES IN SOUTHEAST MICHIGAN. MSGCU AWARDED $107,500 THROUGH 43 SCHOLARSHIPS TO HIGH SCHOOL SENIORS HEADING TO COLLEGE, ASPIRING SKILLED TRADESPERSONS SEEKING CERTIFICATION, AND CURRENT TEACHERS AND SCHOOL ADMINISTRATORS PURSUING CONTINUING EDUCATION. ADDITIONALLY, MSGCU DONATED $28,000 TO FIRST RESPONDERS GRADUATING FROM THE FIRE AND POLICE ACADEMIES AT MACOMB COMMUNITY COLLEGE, OAKLAND COMMUNITY COLLEGE, WAYNE COMMUNITY COLLEGE, AND SCHOOLCRAFT COLLEGE.
- THE CREDIT UNION GAVE BACK TO OUR COMMUNITIES, TO LOCAL EDUCATORS AND SCHOOLS AS WELL AS NONPROFITS AND COMMUNITY ORGANIZATIONS. MSGCU'S CLASSROOM CASH GRANT PROGRAM PROVIDES FUNDS TO TEACHERS TO BE USED FOR OTHERWISE UNFUNDED INNOVATIVE CLASSROOM PROJECTS. IN 2025, MSGCU AWARDED 70 GRANTS TOTALING MORE THAN $52,000 TO LOCAL EDUCATORS TO BE USED DURING THE 2025/2026 SCHOOL YEAR.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-1629793
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1956
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Group exemption
- 1359: CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Siranda Patchel | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2025 | $231,318,640 | $195,685,755 | $4,286,069,600 | XML |
| 990-N for 2024 Officer: Michael Fringer | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2024 | $201,599,156 | $177,058,948 | $3,895,584,180 | XML |
| 990 | December 2023 | $159,278,248 | $139,729,726 | $3,633,913,845 | XML |
| 990-N for 2022 Officer: Kaylee DiCicco | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Kristie Nickel | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Kristie Nickel | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Mary Campbell | December 31, 2019 | ≤ $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 38-1629793).
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 38-1629793.
- 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-N (e-Postcard). Gross receipts normally $50,000 or less.
- 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-N for 2025 for the year ended December 31, 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 STEVE BREWER.
- 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 19 people; 11 received compensation from the organization, the highest $873,615 (STEVE BREWER, 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 $231,318,640, expenses of $195,685,755 and total assets of $4,286,069,600 at year end.
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