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Filing year 2024

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

Ann Arbor, Michigan·EIN 38-1464920·501(c)(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 · Part VII & Schedule J · 12 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
$1.4M
$1.5M
Base
$774k
Bonus
$584k
Other
$47k
Benefits
Chief Marketing Officer
Key Employee
75th to 90th percentile
$378k
$406k
Base
$291k
Bonus
$38k
Other
$1k
Benefits
$17k
Chief Financial Officer
Above 90th percentile
$356k
$383k
Base
$283k
Bonus
$38k
Other
$690
Benefits
$6k
Chief Operations Officer
Key Employee
75th to 90th percentile
$305k
$328k
Base
$236k
Bonus
$38k
Other
$270
Benefits
$6k
Chief Lending Officer
Key Employee
75th to 90th percentile
$286k
$307k
Base
$223k
Bonus
$38k
Other
$450
Benefits
$6k
Chief Human Resources Officer
Key Employee
75th to 90th percentile
$276k
$297k
Base
$215k
Bonus
$38k
Other
$2k
Benefits
$6k
Chief Technology Officer
Key Employee
Median to 75th percentile
$254k
$273k
Base
$188k
Bonus
$38k
Other
$690
Benefits
$7k
Network Admin Manager
Highest Compensated Employee
Median to 75th percentile
$183k
$197k
Base
$146k
Bonus
$7k
Other
$2k
Benefits
$13k
Admin Assistant
Highest Compensated Employee
Median to 75th percentile
$178k
$191k
Base
$155k
Bonus
$4k
Other
$966
Benefits
$4k
AVP of Human Resources
Highest Compensated Employee
Median to 75th percentile
$177k
$191k
Base
$152k
Bonus
$7k
Other
$1k
Benefits
$4k
VP of Branch Operations
Board Vice President
Median to 75th percentile
$167k
$179k
Base
$128k
Bonus
$9k
Other
$450
Benefits
$17k
Programming Manager
Highest Compensated Employee
25th percentile to median
$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.

Pay for the position

Chief Executive Officer pay rose 8% from 2023 to 2024, while revenue rose 39%.

$1.3M in 2023 to $1.4M in 2024.
  • Key Employee pay rose 9% from 2023 to 2024.
  • Chief Financial Officer pay rose 15% 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

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.
FAQ

Common questions about CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

What does the Chief Executive Officer of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN earn?

In 2024, the Chief Executive Officer of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN received $1,424,835 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 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN falls in the top 10%.

What are CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN's revenue and expenses?

In 2024, CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN reported $89.5M in total revenue and $68.1M in total expenses on its IRS Form 990.

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