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Filing year 2024

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

Ann Arbor, Michigan·EIN 38-1464920·14
Total revenue
$89.5M
Total assets
$1.4B
Total expenses
$68.1M
Reported officers
21
Mission

FINANCIAL SERVICES. THE UNIVERSITY OF MICHIGAN CREDIT UNION IS A FINANCIAL INSTITUTION CHARTERED IN THE STATE OF MICHIGAN. THE CREDIT UNION PROVIDES A WIDE RANGE OF FINANCIAL SERVICES TO THE MEMBER/OWNERS AT A REASONABLE COST.

Executive compensation, broken down

Form 990 · Schedule J · 12 reported individuals · Filing year 2024

$1.4M
$1.5M
Base
$774k
Bonus
$584k
Other
$47k
Benefits
Chief Marketing Officer
key employee
$378k
$406k
Base
$291k
Bonus
$38k
Other
$1k
Benefits
$17k
Chief Financial Officer
$356k
$383k
Base
$283k
Bonus
$38k
Other
$690
Benefits
$6k
Chief Operations Officer
key employee
$305k
$328k
Base
$236k
Bonus
$38k
Other
$270
Benefits
$6k
Chief Lending Officer
key employee
$286k
$307k
Base
$223k
Bonus
$38k
Other
$450
Benefits
$6k
Chief Human Resources Officer
key employee
$276k
$297k
Base
$215k
Bonus
$38k
Other
$2k
Benefits
$6k
Chief Technology Officer
key employee
$254k
$273k
Base
$188k
Bonus
$38k
Other
$690
Benefits
$7k
Network Admin Manager
highest compensated employee
$183k
$197k
Base
$146k
Bonus
$7k
Other
$2k
Benefits
$13k
Admin Assistant
highest compensated employee
$178k
$191k
Base
$155k
Bonus
$4k
Other
$966
Benefits
$4k
AVP of Human Resources
highest compensated employee
$177k
$191k
Base
$152k
Bonus
$7k
Other
$1k
Benefits
$4k
VP of Branch Operations
vice president
$167k
$179k
Base
$128k
Bonus
$9k
Other
$450
Benefits
$17k
Programming Manager
highest compensated employee
$155k
$167k
Base
$139k
Bonus
$2k
Other
$2k
Benefits

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 9 unpaid individuals.

Up 8%
from 2023

From $1.3M in 2023 to $1.4M in 2024.

$1.3M
2023
$1.4M
2024
In today's dollarsEst.
Up 5% in real terms$1.5M to $1.5M

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

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN reported revenue and expenses across 2 filing years.

RevenueExpenses
$64.5M
$56.4M
2023
$89.5M
$68.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
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