Nonprofit · EIN 38-1752492
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 1024 THORNAPPLE CREDIT UNION
Tax-exempt · HASTINGS, MI 49058
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,678,956 | $4,786,186 | $892,770 | $72,392,991 | $66,028,510 | $6,364,481 |
| December 31, 2023 | 990 | $4,560,985 | $3,714,205 | $846,780 | $66,366,231 | $60,894,520 | $5,471,711 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,317,425
- Investment income
- $361,531
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $194,903
- Other salaries and wages
- $1,262,794
- Salaries, compensation and benefits (total)
- $1,775,484
- Professional fundraising fees
- $0
- Legal fees
- $34,612
- Occupancy
- $119,807
- Travel
- $14,590
- Depreciation
- $218,127
Balance sheet and other
- Total assets, start of year
- $66,366,231
- Total assets, end of year
- $72,392,991
- Total liabilities, end of year
- $66,028,510
- Net assets, end of year
- $6,364,481
- Land, buildings and equipment
- $2,252,948
- Gross unrelated business income
- $25,352
- Gross receipts
- $5,678,956
- Employees
- 39
- Volunteers
- 7
- Year formed
- 1964
- 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 |
|---|---|---|---|---|
| AMY BYERS | CEO Officer | 40 | $170,840 | $24,063 |
| THOMAS NEIL | Director Trustee or director | 1 | $0 | $0 |
| PATRICK BUCKLAND | Director Trustee or director | 1 | $0 | $0 |
| JEFFREY KEESEN | Chairman Trustee or director | 1 | $0 | $0 |
| CYNTHIA VUJEA | Treasurer Trustee or director | 1 | $0 | $0 |
| DEBRA HATFIELD | Secretary Trustee or director | 1 | $0 | $0 |
| CRAIG STOLSONBURG | Director Trustee or director | 1 | $0 | $0 |
| DARLA DEIBERT | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMY BYERS | CEO Officer | 40 | $119,424 | $21,708 |
| THOMAS NEIL | Director Trustee or director | 1 | $0 | $0 |
| PATRICK BUCKLAND | Director Trustee or director | 1 | $0 | $0 |
| JEFFREY KEESEN | Chairman Trustee or director | 1 | $0 | $0 |
| CYNTHIA VUJEA | Treasurer Trustee or director | 1 | $0 | $0 |
| DEBRA HATFIELD | Secretary Trustee or director | 1 | $0 | $0 |
| CRAIG STOLSONBURG | Director Trustee or director | 1 | $0 | $0 |
| DARLA DEIBERT | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 289, HASTINGS, MI 49058-0289
- Principal officer (990 for 2024)
- AMY BYERS, PO BOX 289, Hastings, MI 49058
- Signed the 990
- AMY BYERS, CEO
- Phone
- (269) 948-8369
- Website
- WWW.THORNAPPLECU.COM
- Return prepared by
- FINANCIAL STANDARDS GROUP INC
Mission
TO FURNISH COOPERATIVE FINANCIAL SERVICES TO MEMBERS.
Program accomplishments
- THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR ITS MEMBERS. AS OF 12/31/2024 THE CREDIT UNION HAD 8,210 MEMBERS.
- THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR ITS MEMBERS. THEY FUNDED 1,483 NEW LOANS TO OUR MEMBERS DURING 2024. AS OF 12/31/2024. THE CU HAD A TOTAL OF 4,788 LOANS TO MEMBERS.
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
- 38-1752492
- 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)
- $72,392,991
- Income (IRS master file)
- $5,678,956
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,678,956 | $4,786,186 | $72,392,991 | XML |
| 990 | December 2023 | $4,560,985 | $3,714,205 | $66,366,231 | XML |
| 990 | December 2022 | $3,716,743 | $3,046,728 | $62,594,344 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 38-1752492).
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 38-1752492.
- 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 AMY BYERS.
- 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 8 people; 1 received compensation from the organization, the highest $170,840 (AMY BYERS, 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 $5,678,956, expenses of $4,786,186 and total assets of $72,392,991 at year end.
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