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Filing year 2024

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN NORTH CENTRAL AREA CREDIT UNION

Houghton Lake, Michigan·EIN 38-1586641·14
Total revenue
$16.7M
Total assets
$241.7M
Total expenses
$13.7M
Reported officers
16
Mission

TO PROVIDE AFFORDABLE, HIGH QUALITY, COMPLETE FINANCIAL SERVICES TO OUR MEMBERS AND THEIR FAMILIES AND TO FOSTER CONTINUED GROWTH AND STABILITY OF THE CREDIT UNION.

Executive compensation, broken down

Form 990 · Schedule J · 5 reported individuals · Filing year 2024

Base
$255k
Bonus
$38k
Other
Benefits
$21k
Base
$140k
Bonus
$19k
Other
Benefits
$21k
Vice President
vice president
$171k
$184k
Base
$126k
Bonus
$16k
Other
Benefits
$18k
Base
$138k
Bonus
$4k
Other
Benefits
$14k
Vice President
vice president
$145k
$156k

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 117%
from 2023

From $155k in 2023 to $338k in 2024.

$155k
2023
$338k
2024
In today's dollarsEst.
Up 112% in real terms$171k to $363k

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 NORTH CENTRAL AREA CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$14.2M
$11.4M
2023
$16.7M
$13.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
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