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Filing year 2024

ALPENA ALCONA AREA CREDIT UNION

Alpena, Michigan·EIN 38-1461385·14
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 · Schedule J · 7 reported individuals · Filing year 2024

$851k
$916k
Base
$457k
Bonus
$90k
Other
$2k
Benefits
$29k
Cxo
highest compensated employee
$267k
$287k
Base
$183k
Bonus
$52k
Other
$864
Benefits
$4k
Mortgage Originator
highest compensated employee
$244k
$263k
Base
$47k
Bonus
$154k
Other
$71
Benefits
$19k
Base
$177k
Bonus
$32k
Other
$542
Benefits
$5k
Mortgage Originator
highest compensated employee
$160k
$172k
Base
$48k
Bonus
$89k
Other
$235
Benefits
$7k
Commercial Loan Officer
highest compensated employee
$160k
$172k
Base
$121k
Bonus
$15k
Other
$992
Benefits
$8k
Director of Accounting
director (operational)
$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.

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.
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