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Filing year 2024

BLOOM CREDIT UNION

Grand Rapids, Michigan·EIN 38-1907619·14
Total revenue
$13.2M
Total assets
$194M
Total expenses
$12.5M
Reported officers
11
Mission

PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS.

Executive compensation, broken down

Form 990 · Schedule J · 6 reported individuals · Filing year 2024

Base
$204k
Bonus
$1k
Other
$6k
Benefits
$3k
Base
$141k
Bonus
$12k
Other
$6k
Benefits
$3k
Vice President
vice president
$163k
$176k
Base
$143k
Bonus
Other
$6k
Benefits
$1k
Vice President
vice president
$154k
$166k
Base
$112k
Bonus
$10k
Other
Benefits
$22k
Chairman
board chair
$6k
$6k
Treasurer
board treasurer
$1k
$1k

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 5 unpaid individuals.

Down 5%
from 2023

From $245k in 2023 to $233k in 2024.

$245k
2023
$233k
2024
In today's dollarsEst.
Down 7% in real terms$270k to $251k

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

BLOOM CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$12.7M
$10.5M
2023
$13.2M
$12.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
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