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Nonprofit · EIN 38-1646635

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

Also known as 702 ISABELLA COMMUNITY CREDIT UNION

Tax-exempt · MT PLEASANT, MI 48858

Financials

$9.7M$9.4M2023$11.5M$10.2M2024
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, 2024990$11,502,709$10,248,087$1,254,622$207,106,676$190,061,301$17,045,375
December 31, 2023990$9,748,236$9,406,867$341,369$191,665,027$176,807,774$14,857,253
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$9,413,421
Investment income
$2,088,837
Net rental income
$451
Other revenue
$451

Expenses

Grants and similar amounts paid
$44,049
Compensation of officers, directors and key employees
$531,382
Other salaries and wages
$2,097,118
Salaries, compensation and benefits (total)
$3,567,752
Professional fundraising fees
$0
Legal fees
$45,474
Accounting fees
$30,947
Occupancy
$202,478
Travel
$5,230
Depreciation
$469,166

Balance sheet and other

Total assets, start of year
$191,665,027
Total assets, end of year
$207,106,676
Total liabilities, end of year
$190,061,301
Net assets, end of year
$17,045,375
Land, buildings and equipment
$3,581,474
Gross unrelated business income
$29,610
Gross receipts
$11,556,033
Employees
62
Volunteers
10
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.

NameTitleHours / weekCompensationOther / benefits
JENNIFER HOYLEPRESIDENT/CEO
Officer
40$197,156$237,320
PATRICK HUNTCHIEF STRATEGY OFFICER
Highest-paid employee
40$101,801$22,357
SUE LILLICHCFO
Officer
40$80,032$16,874
TINA POWELLCHAIRPERSON
Trustee or director
1$0$0
JASON KENNEYVICE CHAIRPERSON
Trustee or director
1$0$0
SARAH OSTAHOWSKISECRETARY
Trustee or director
1$0$0
CHAD SCHAFERTREASURER
Trustee or director
1$0$0
MICHAEL METRODIRECTOR
Trustee or director
1$0$0
AMANDA SCHAFERDIRECTOR
Trustee or director
1$0$0
KEVIN CHAMBERLAINDIRECTOR
Trustee or director
1$0$0
EMMA LATOSKIDIRECTOR
Trustee or director
1$0$0
ROBIN WYBENGADIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
JENNIFER HOYLEPRESIDENT/CEO
Officer
40$191,959$44,744
SUE LILLICHCFO
Officer
40$108,090$22,082
TINA POWELLCHAIRPERSON
Trustee or director
1$0$0
JASON KENNEYVICE CHAIRPERSON
Trustee or director
1$0$0
ROBERT DENSLOWSECRETARY
Trustee or director
1$0$0
CHAD SCHAFERTREASURER
Trustee or director
1$0$0
MICHAEL METRODIRECTOR
Trustee or director
1$0$0
AMANDA SCHAFERDIRECTOR
Trustee or director
1$0$0
KEVIN CHAMBERLAINDIRECTOR
Trustee or director
1$0$0
EMMA LATOSKIDIRECTOR
Trustee or director
1$0$0
ROBIN WYBENGADIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2400 S ISABELLA RD, MT PLEASANT, MI 48858-2035
In care of
% ISABELLA COMMUNITY CREDIT UNION
Principal officer (990 for 2024)
JENNY HOYLE, PO BOX 427, MT PLEASANT, MI 48804
Signed the 990
JENNY HOYLE, PRESIDENT/CEO
Phone
(989) 773-5927
Return prepared by
DOEREN MAYHEW

Mission

BUILDING LIFETIME MEMBER RELATIONSHIPS AS A TRUSTED FINANCIAL PARTNER.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE 13,545 MEMBERS WITH REGULAR SAVINGS, SHARE DRAFTS, CERTIFICATES OF DEPOSIT, IRA, CLUB, HEALTH SAVINGS, AND MONEY MARKET ACCOUNTS WITH AGGREGATE DEPOSIT BALANCES THAT APPROXIMATED $188,717,000 AS OF DECEMBER 31, 2024.
  • PROVIDE 8,713 LOANS INCLUDING MORTGAGES, BUSINESS, HOME EQUITY, CREDIT CARDS, SHARE SECURED, VEHICLE, AND LINE OF CREDIT LOANS WITH AGGREGATE LOAN BALANCES THAT APPROXIMATED $117,234,000 AS OF DECEMBER 31, 2024.
  • OFFER BILL PAYMENT, COURTESY PAYMENT, AUTOMATED TELLER MACHINES, MONEY ORDERS, WIRE TRANSFERS, DEBIT CARDS, REMOTE DEPOSIT CAPTURE, ONLINE MOBILE BANKING AND VARIOUS INSURANCE PROGRAMS.

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-1646635
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)
$207,106,676
Income (IRS master file)
$11,556,033

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$11,502,709$10,248,087$207,106,676XML
990December 2023$9,748,236$9,406,867$191,665,027XML
990December 2022$7,954,227$6,339,928$184,759,950IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 38-1646635).

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 38-1646635.
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 JENNY HOYLE.
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 12 people; 3 received compensation from the organization, the highest $197,156 (JENNIFER HOYLE, PRESIDENT/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 $11,502,709, expenses of $10,248,087 and total assets of $207,106,676 at year end.

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