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Filing year 2024

EXTRA CREDIT UNION

Warren, Michigan·EIN 38-1536749·501(c)(14)
Total revenue
$26.1M
Total assets
$317.8M
Total expenses
$21.9M
Reported officers
15
Mission

TO ENHANCE THE FINANCIAL WELL-BEING OF MEMBERS AND POTENTIAL MEMBERS BY PROVIDING QUALITY, VALUE, AND CONVENIENCE IN OUR PRODUCTS AND SERVICES WHICH PROMOTES MEMBER CONFIDENCE AND LOYALTY WHILE MAINTAINING FINANCIAL STABILITY.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CEO
Above 90th percentile
$625k
$660k
Base
$400k
Bonus
$167k
Other
$15k
Benefits
$37k
VP of Finance
Vice President
Above 90th percentile
$317k
$335k
Base
$215k
Bonus
$72k
Other
$2k
Benefits
$24k
VP of Member Services
Board Vice President
75th to 90th percentile
$262k
$277k
Base
$171k
Bonus
$61k
Other
$6k
Benefits
$25k
AVP Finance
Highest Compensated Employee
Median to 75th percentile
$200k
$211k
Base
$138k
Bonus
$32k
Other
$4k
Benefits
$23k
VP of Marketing
Board Vice President
Median to 75th percentile
$165k
$174k
Base
$120k
Bonus
$25k
Other
$491
Benefits
$17k
AVP of Risk
Highest Compensated Employee
25th percentile to median
$156k
$164k
Base
$100k
Bonus
$26k
Other
$7k
Benefits
$20k
IT Manager
Median to 75th percentile
$155k
$163k
Base
$124k
Bonus
$21k
Other
$91
Benefits
$8k
Aavp Member Relatioship
Highest Compensated Employee
25th percentile to median
$152k
$160k
Base
$110k
Bonus
$17k
Other
$1k
Benefits
$22k

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 7 unpaid individuals.

Up 5%
from 2023

From $594k in 2023 to $625k in 2024.

$594k
2023
$625k
2024
In today's dollarsEst.
Up 2% in real terms$646k to $660k

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 5% from 2023 to 2024, while revenue rose 8%.

$594k in 2023 to $625k in 2024.
  • Vice President pay rose 5% from 2023 to 2024.
  • Board Vice President pay rose 4% 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

EXTRA CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$24.2M
$19.2M
2023
$26.1M
$21.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about EXTRA CREDIT UNION

What does the Chief Executive Officer of EXTRA CREDIT UNION earn?

In 2024, the Chief Executive Officer of EXTRA CREDIT UNION received $625,060 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 EXTRA CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at EXTRA CREDIT UNION falls in the top 10%.

What are EXTRA CREDIT UNION's revenue and expenses?

In 2024, EXTRA CREDIT UNION reported $26.1M in total revenue and $21.9M in total expenses on its IRS Form 990.

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