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Filing year 2024

Preferred Credit Union

Grand Rapids, Michigan·EIN 38-1878763·14
Total revenue
$18.5M
Total assets
$289.4M
Total expenses
$15.7M
Reported officers
14
Mission

PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS.

Executive compensation, broken down

Form 990 · Schedule J · 7 reported individuals · Filing year 2024

Base
$263k
Bonus
$39k
Other
$5k
Benefits
$6k
Base
$129k
Bonus
$29k
Other
$2k
Benefits
$6k
Base
$124k
Bonus
$22k
Other
$309
Benefits
$18k
Vice President
vice president
$162k
$174k
Base
$106k
Bonus
$24k
Other
$308
Benefits
$18k
Human Resources Director
unclassified
$150k
$162k
Base
$75k
Bonus
$63k
Other
$3k
Benefits
Vice President
vice president
$140k
$151k
Vice President
vice president
$114k
$122k

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 7 unpaid individuals.

Up 3%
from 2023

From $327k in 2023 to $338k in 2024.

$327k
2023
$338k
2024
In today's dollarsEst.
Up 1% in real terms$361k to $364k

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

Preferred Credit Union reported revenue and expenses across 2 filing years.

RevenueExpenses
$15.8M
$13M
2023
$18.5M
$15.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
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