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Filing year 2024

TRUE COMMUNITY CREDIT UNION

Jackson, Michigan·EIN 38-1453620·501(c)(14)
Total revenue
$67.6M
Total assets
$880.5M
Total expenses
$64.4M
Reported officers
28
Mission

TO CULTIVATE LEGACY-DEFINING MOMENTS FOR THE PEOPLE AND PLACES WE SERVE FOR GENERATIONS TO COME.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 20 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
$573k
$616k
Base
$479k
Bonus
$49k
Other
$12k
Benefits
$19k
Evp/chief Integration Officer
Key Employee
75th to 90th percentile
$348k
$375k
Base
$310k
Bonus
$35
Other
$1k
Benefits
$7k
Chief Growth & Lending Officer
Key Employee
75th to 90th percentile
$317k
$341k
Base
$243k
Bonus
$30k
Other
$6k
Benefits
$18k
Evp/chief Strategy Officer
Key Employee
75th to 90th percentile
$307k
$330k
Base
$244k
Bonus
$30k
Other
$12k
Benefits
$7k
Investment Advisor
Highest Compensated Employee
75th to 90th percentile
$273k
$294k
Base
$241k
Bonus
$13k
Other
$4k
Benefits
$387
Chief Financial Officer
75th to 90th percentile
$266k
$286k
Base
$207k
Bonus
$23k
Other
$17k
Benefits
$1k
Chief Community Impact Officer
Key Employee
Median to 75th percentile
$246k
$264k
Base
$190k
Bonus
$25k
Other
$7k
Benefits
$1k
Chief People Officer
Key Employee
Median to 75th percentile
$235k
$252k
Base
$174k
Bonus
$21k
Other
$9k
Benefits
$19k
VP of Digital Transformati
Board Vice President
75th to 90th percentile
$234k
$251k
Base
$187k
Bonus
$18k
Other
$270
Benefits
$17k
VP of Facilities
Board Vice President
75th to 90th percentile
$227k
$244k
Base
$176k
Bonus
$20k
Other
$464
Benefits
$20k
Chief Risk Officer
Key Employee
Median to 75th percentile
$218k
$234k
Base
$156k
Bonus
$17k
Other
$12k
Benefits
$18k
VP of Wealth Management
Board Vice President
Median to 75th percentile
$213k
$229k
Base
$156k
Bonus
$18k
Other
$2k
Benefits
$18k
Special Project Consultant
Highest Compensated Employee
25th percentile to median
$136k
$146k
Board Director
Board Member
10th to 25th percentile
$4k
$4k
Board Director
Board Member
10th to 25th percentile
$3k
$3k
Board Treasurer
25th percentile to median
$2k
$3k
Board Chairperson
Board Chair
10th to 25th percentile
$2k
$2k
Board Vicechairperson
Board Member
10th to 25th percentile
$1k
$1k
Board Director
Board Member
Below 10th percentile
$1k
$1k
Board Director
Board Member
Below 10th percentile
$865
$930

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 53%
from 2023

From $374k in 2023 to $573k in 2024.

$374k
2023
$573k
2024
In today's dollarsEst.
Up 49% in real terms$413k to $616k

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.

Pay for the position

Chief Executive Officer pay rose 53% from 2023 to 2024, while revenue rose 57%.

$374k in 2023 to $573k in 2024.
  • Key Employee pay rose 37% from 2023 to 2024.
  • Highest Compensated Employee pay rose 32% 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

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

RevenueExpenses
$42.9M
$38.6M
2023
$67.6M
$64.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about TRUE COMMUNITY CREDIT UNION

What does the Chief Executive Officer of TRUE COMMUNITY CREDIT UNION earn?

In 2024, the Chief Executive Officer of TRUE COMMUNITY CREDIT UNION received $572,610 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 TRUE COMMUNITY 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 TRUE COMMUNITY CREDIT UNION falls in the top 10%.

What are TRUE COMMUNITY CREDIT UNION's revenue and expenses?

In 2024, TRUE COMMUNITY CREDIT UNION reported $67.6M in total revenue and $64.4M in total expenses on its IRS Form 990.

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