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Filing year 2024

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

Auburn Hills, Michigan·EIN 38-1445060·501(c)(14)
Total revenue
$323.5M
Total assets
$5.3B
Total expenses
$237.2M
Reported officers
27
Mission

To promote thrift to 272,934 credit union members by providing financial services including various loan products, deposit accounts, such as checking, savings, IRAs and certificates of deposit; electronic services including mobile banking, online banking, e-statements, ATM and debit cards; and financial education programs and services

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 15 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
$3.4M
$3.5M
Base
$1.6M
Bonus
$1.7M
Other
$41k
Benefits
$9k
Chief Financial Officer
Above 90th percentile
$551k
$582k
Base
$347k
Bonus
$127k
Other
$7k
Benefits
$18k
Business Loan
Highest Compensated Employee
Above 90th percentile
$507k
$536k
Base
$85k
Bonus
$388k
Other
$5k
Benefits
$3k
Mortgage Officer
Highest Compensated Employee
Above 90th percentile
$450k
$475k
Base
$24k
Bonus
$386k
Other
$554
Benefits
$12k
Mortgage Consultant
Highest Compensated Employee
75th to 90th percentile
$352k
$372k
Base
$24k
Bonus
$288k
Other
Benefits
$15k
Chief Information Officer
75th to 90th percentile
$350k
$369k
Base
$251k
Bonus
$58k
Other
$5k
Benefits
$17k
SVP Remote Delivery Channels
Senior Vice President
Median to 75th percentile
$333k
$352k
Base
$215k
Bonus
$56k
Other
$5k
Benefits
$15k
VP Human Resources
Board Vice President
75th to 90th percentile
$304k
$321k
Base
$219k
Bonus
$56k
Other
$5k
Benefits
$7k
VP of Lending
Board Vice President
75th to 90th percentile
$284k
$299k
Base
$205k
Bonus
$54k
Other
Benefits
$8k
VP of Marketing
Board Vice President
75th to 90th percentile
$266k
$281k
Base
$191k
Bonus
$51k
Other
$4k
Benefits
$4k
VP Risk Management
Board Vice President
75th to 90th percentile
$265k
$279k
Base
$177k
Bonus
$54k
Other
$2k
Benefits
$17k
VP Sales and Service
Board Vice President
75th to 90th percentile
$264k
$279k
VP of Real Estate Lending
Board Vice President
75th to 90th percentile
$251k
$265k
Base
$183k
Bonus
$45k
Other
$4k
Benefits
$4k
Information Security Manager
Highest Compensated Employee
75th to 90th percentile
$249k
$263k
Base
$187k
Bonus
$26k
Other
$4k
Benefits
$17k
Mortgage Consultant
Highest Compensated Employee
75th to 90th percentile
$247k
$261k
Base
$24k
Bonus
$191k
Other
Benefits
$14k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 12 unpaid individuals.

Up 14%
from 2023

From $3M in 2023 to $3.4M in 2024.

$3M
2023
$3.4M
2024
In today's dollarsEst.
Up 10% in real terms$3.2M to $3.5M

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 14% from 2023 to 2024, while revenue rose 27%.

$3M in 2023 to $3.4M in 2024.
  • Chief Financial Officer pay rose 12% from 2023 to 2024.
  • Highest Compensated Employee pay rose 17% 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
$255.1M
$173.6M
2023
$323.5M
$237.2M
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 $3,360,187 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 $323.5M in total revenue and $237.2M in total expenses on its IRS Form 990.

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