Public Charity

CREDIT UNIONS CHARTERED IN THE STATE OF MI 461 TAHQUAMENON AREA CREDIT UNION

CREDIT UNIONS CHARTERED IN THE STATE OF MI 461 TAHQUAMENON AREA CREDIT UNION, of NEWBERRY, MI, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $3.4M in revenue, $3.1M in expenses, $67.5M in total assets.

EIN: 381577465 NEWBERRY, MI Latest filing: 2025
Total Revenue$3.4M
Total Expenses$3.1M
Total Assets$67.5M
Grant Records0
Filing Years2020–2025

Mission

TO ENCOURAGE THRIFT AMONG ITS MEMBERS, PROVIDE A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS, AND TO PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.

Where $100 goes at Credit Unions Chartered in the State of Mi 461 Tahquamenon Area Credit Union

How Credit Unions Chartered in the State of Mi 461 Tahquamenon Area 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

$34
Provided 4,634 members with prime share, share draft, christmas club, ira, money market and share certificates of deposit accounts for a total of 9,873 accounts
34% of program spending · Reported in the filing: 4,634 members
$33
Provided 2,532 loans including vehicle, visa, home equity, mortgage, participation and personal loans
33% of program spending · Reported in the filing: 2,532 loans
$33
Provided money orders, home and mobile banking with remote deposit capture, overdraft protection, atm and debit cards and various insurance programs
33% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Director Anthony Immel
Director Gloria Foley
Chairman Michael Walker
Secretary Pat Edwards
Director Peter Paramski
Director Robert Depew

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $3.4M $3.1M $67.5M
2024 $3.2M $3.1M $70.0M
2023 $2.9M $2.6M $69.5M
2022 $2.5M $2.2M $71.2M
2020 $2.4M $2.2M $70.7M

Between 2020 and 2025, reported annual revenue grew from $2.4M to $3.4M (+37%), with total assets most recently reported at $67.5M.

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

See the full picture for CREDIT UNIONS CHARTERED IN THE STATE OF MI 461 TAHQUAMENON AREA CREDIT UNION

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