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Filing year 2024

ALPENA ALCONA AREA CREDIT UNION

Alpena, Michigan·EIN 38-1461385·501(c)(14)
Total revenue
$50M
Total assets
$861.4M
Total expenses
$39.3M
Reported officers
18
Mission

TO BE YOUR MOST TRUSTED AND VALUED FINANCIAL PARTNER. MEMBER PROMISE: WE PROMISE TO SIMPLIFY YOUR LIFE, WORK IN YOUR BEST INTEREST, AND BE YOUR ADVOCATE TO HELP ACHIEVE YOUR FINANCIAL NEEDS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/ceo
Above 90th percentile
$851k
$916k
Base
$457k
Bonus
$90k
Other
$2k
Benefits
$29k
Cxo
Highest Compensated Employee
75th to 90th percentile
$267k
$287k
Base
$183k
Bonus
$52k
Other
$864
Benefits
$4k
Mortgage Originator
Highest Compensated Employee
75th to 90th percentile
$244k
$263k
Base
$47k
Bonus
$154k
Other
$71
Benefits
$19k
COO
75th to 90th percentile
$238k
$256k
Base
$177k
Bonus
$32k
Other
$542
Benefits
$5k
Mortgage Originator
Highest Compensated Employee
25th percentile to median
$160k
$172k
Base
$48k
Bonus
$89k
Other
$235
Benefits
$7k
Commercial Loan Officer
Highest Compensated Employee
25th percentile to median
$160k
$172k
Base
$121k
Bonus
$15k
Other
$992
Benefits
$8k
Director of Accounting
Director (Operational)
Median to 75th percentile
$131k
$141k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 11 unpaid individuals.

Up 7%
from 2023

From $797k in 2023 to $851k in 2024.

$797k
2023
$851k
2024
In today's dollarsEst.
Up 4% in real terms$880k to $916k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 7% from 2023 to 2024, while revenue rose 26%.

$797k in 2023 to $851k in 2024.
  • Highest Compensated Employee pay fell 30% from 2023 to 2024.
  • Chief Operating Officer pay rose 11% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

ALPENA ALCONA AREA CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$39.6M
$29.7M
2023
$50M
$39.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about ALPENA ALCONA AREA CREDIT UNION

What does the Chief Executive Officer of ALPENA ALCONA AREA CREDIT UNION earn?

In 2024, the Chief Executive Officer of ALPENA ALCONA AREA CREDIT UNION received $851,336 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at ALPENA ALCONA AREA CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at ALPENA ALCONA AREA CREDIT UNION falls in the top 10%.

What are ALPENA ALCONA AREA CREDIT UNION's revenue and expenses?

In 2024, ALPENA ALCONA AREA CREDIT UNION reported $50M in total revenue and $39.3M in total expenses on its IRS Form 990.

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