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Filing year 2024

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN COMMUNITY WEST CREDIT UNION

Kentwood, Michigan·EIN 38-1844068·14
Total revenue
$14.7M
Total assets
$244.7M
Total expenses
$14.7M
Reported officers
14
Mission

AS A STATE CHARTERED CREDIT UNION, WE PROVIDE COMPETITIVE RATES FOR OUR DEPOSITS AND LOANS. WE PROVIDE A FULL RANGE OF AFFORDABLE FINANCIAL SERVICES MEETING MOST PEOPLES' NEEDS. OUR GOAL IS TO BECOME THE PRIMARY FINANCIAL SERVICE PROVIDER FOR THE MAJORITY OF OUR MEMBERSHIP. BY USING OUR CAPITAL EFFECTIVELY, WE WILL PROVIDE APPROPRIATE INCOME LEVELS AND GENERATE A POSITIVE RETURN ON ASSETS.

Executive compensation, broken down

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

Base
$226k
Bonus
$20k
Other
$7k
Benefits
$21k
CFO (1/1/24-11/22/24)
$199k
$214k
Base
$170k
Bonus
$2k
Other
$390
Benefits
$19k
Base
$129k
Bonus
$2k
Other
$1k
Benefits
$15k
CIO
chief information officer
$153k
$165k
Base
$124k
Bonus
$2k
Other
$305
Benefits
$21k
VP of Legal & Loss Prevention
vice president
$115k
$124k

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 8 unpaid individuals.

Up 8%
from 2023

From $263k in 2023 to $283k in 2024.

$263k
2023
$283k
2024
In today's dollarsEst.
Up 5% in real terms$290k to $304k

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 COMMUNITY WEST CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$13.2M
$13.6M
2023
$14.7M
$14.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
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