Public Charity

DIVERSIFIED MEMBERS CREDIT UNION

DIVERSIFIED MEMBERS CREDIT UNION, of DETROIT, MI, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $30.6M in revenue, $28.9M in expenses, $498.1M in total assets. 1 publicly reported grants to this organization, totaling roughly $40K, appear in IRS filings.

EIN: 380480170 DETROIT, MI Latest filing: 2024
Total Revenue$30.6M
Total Expenses$28.9M
Total Assets$498.1M
Grant Records1
Funding Total$40K
Filing Years2020–2024

Mission

TO PROVIDE FRIENDLY, PERSONAL, FINANCIAL SERVICES IN A PROFESSIONAL ATMOSPHERE TO ALL MEMBERS.

Where $100 goes at Diversified Members Credit Union

How Diversified Members Credit Union divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$50
To provide friendly, personal, financial services in a professional atmosphere to all members
50% of program spending
$50
To provide friendly, personal, financial services in a professional atmosphere to all members
50% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2018
REINVESTMENT GRANT TO BE UTILIZED FOR THE PURPOSE OF EXPANDING AND CREATING OPPORTUNITIES FOR SMALL BUSINESSES IN THE LOCAL FOOD INDUSTRY IN SE MICHIGAN
$40,000

Showing up to 5 of 1 total records — full history available with membership.

Officers & Directors

DIRECTOR Albert Patrick Jr
TREASURER Andrew Pollack
VICE CHAIR Anthony Lamerato
DIRECTOR Carl Jarboe
CMO Colleen Scott
IT MGR Daniel J O'donnell

Officer compensation and complete director data available with membership.

Top Grant Purposes

Food Assistance & Nutrition
$40,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $30.6M $28.9M $498.1M
2023 $16.7M $25.9M $481.0M
2022 $22.0M $20.3M $485.9M
2021 $18.6M $16.8M $516.6M
2020 $18.1M $16.6M $460.0M

Between 2020 and 2024, reported annual revenue grew from $18.1M to $30.6M (+69%), with total assets most recently reported at $498.1M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for DIVERSIFIED MEMBERS CREDIT UNION

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