Nonprofit · EIN 38-6119310
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 1046 RIVER VALLEY CREDIT UNION
Tax-exempt · ADA, MI 49301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $6,981,375 | $6,057,525 | $923,850 | $119,768,283 | $105,165,418 | $14,602,865 |
| December 31, 2024 | 990 | $6,596,608 | $5,745,860 | $850,748 | $118,861,191 | $105,182,176 | $13,679,015 |
| December 31, 2023 | 990 | $6,251,594 | $4,907,186 | $1,344,408 | $120,399,657 | $107,571,390 | $12,828,267 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,934,455
- Investment income
- $1,046,920
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $682,322
- Other salaries and wages
- $1,191,145
- Salaries, compensation and benefits (total)
- $2,321,549
- Professional fundraising fees
- $0
- Legal fees
- $35,986
- Occupancy
- $166,384
- Travel
- $37,903
- Depreciation
- $107,015
Balance sheet and other
- Total assets, start of year
- $118,861,191
- Total assets, end of year
- $119,768,283
- Total liabilities, end of year
- $105,165,418
- Net assets, end of year
- $14,602,865
- Land, buildings and equipment
- $2,287,323
- Publicly traded securities
- $6,172,000
- Gross unrelated business income
- $19,782
- Gross receipts
- $6,981,375
- Employees
- 36
- Volunteers
- 7
- Year formed
- 1965
- 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 |
|---|---|---|---|---|
| JANELLE FRANKE | CEO Officer | 40 | $217,782 | $37,831 |
| KRISTA HUVER | Vice President Officer | 40 | $152,862 | $32,958 |
| ERIC CUTTER PHILLIPS | Vice President Officer | 40 | $116,682 | $30,403 |
| MARILYN KASPER | Vice President Officer | 40 | $74,844 | $18,960 |
| TERESA CUMMINGS | VICE PRESIDENT | 40 | $37,788 | $6,293 |
| TED COURTER | Director Trustee or director | 1 | $0 | $0 |
| JUDY BEAL | Secretary Trustee or director | 1 | $0 | $0 |
| DANIELLE CALIENDO | Director Trustee or director | 1 | $0 | $0 |
| TIMOTHY HILE | Director Trustee or director | 1 | $0 | $0 |
| JAMES DETRICK | Director Trustee or director | 1 | $0 | $0 |
| SCOTT BOLES | Director Trustee or director | 1 | $0 | $0 |
| KURT HANSEN | Chairman Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JANELLE FRANKE | CEO Officer | 40 | $214,953 | $53,955 |
| KRISTA HUVER | Vice President Officer | 40 | $149,269 | $45,637 |
| ERIC CUTTER PHILLIPS | Vice President Officer | 40 | $115,703 | $40,435 |
| TERESA CUMMINGS | COO Officer | 40 | $111,687 | $37,344 |
| TED COURTER | Director Trustee or director | 1 | $0 | $0 |
| JUDY BEAL | Secretary Trustee or director | 1 | $0 | $0 |
| DANIELLE CALIENDO | Director Trustee or director | 1 | $0 | $0 |
| TIMOTHY HILE | Director Trustee or director | 1 | $0 | $0 |
| JAMES DETRICK | Director Trustee or director | 1 | $0 | $0 |
| SCOTT BOLES | Director Trustee or director | 1 | $0 | $0 |
| KURT HANSEN | Chairman Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JANELLE FRANKE | CEO Officer | 40 | $181,572 | $8,186 |
| KRISTA HUVER | Vice President Officer | 40 | $134,929 | $7,346 |
| ERIC CUTTER PHILLIPS | Vice President Officer | 40 | $108,273 | $6,003 |
| TERESA CUMMINGS | COO Officer | 40 | $101,608 | $6,541 |
| TED COURTER | Director Trustee or director | 1 | $0 | $0 |
| JUDY BEAL | Secretary Trustee or director | 1 | $0 | $0 |
| DANIELLE CALIENDO | Director Trustee or director | 1 | $0 | $0 |
| TIMOTHY HILE | Director Trustee or director | 1 | $0 | $0 |
| JAMES DETRICK | Director Trustee or director | 1 | $0 | $0 |
| SCOTT BOLES | Director Trustee or director | 1 | $0 | $0 |
| KURT HANSEN | Chairman Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 493, ADA, MI 49301-0493
- Principal officer (990 for 2025)
- Janelle Franke
- Signed the 990
- Janelle Franke, CEO
- Phone
- (616) 787-7481
- Website
- https://myrivervalleycu.org/
- Return prepared by
- FINANCIAL STANDARDS GROUP INC
Mission
PROVIDE 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 12/31/2025 WAS 9324.
- 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 12/31/2025 WAS 5,167.
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 | 990 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
- 38-6119310
- 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)
- $119,768,283
- Income (IRS master file)
- $6,981,375
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $6,981,375 | $6,057,525 | $119,768,283 | XML |
| 990 | December 2024 | $6,596,608 | $5,745,860 | $118,861,191 | XML |
| 990 | December 2023 | $6,251,594 | $4,907,186 | $120,399,657 | XML |
| 990 | December 2022 | $6,576,697 | $4,347,821 | $128,937,343 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 38-6119310).
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 38-6119310.
- 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 Janelle Franke.
- 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 12 people; 5 received compensation from the organization, the highest $217,782 (JANELLE FRANKE, 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 $6,981,375, expenses of $6,057,525 and total assets of $119,768,283 at year end.
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