Credit Unions Chartered In The State Of Michigan, 390 Members Credit Union in Traverse City, Michigan (MI)

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Credit Unions Chartered In The State Of Michigan, 390 Members Credit Union
Employer Identification Number (EIN)381524350
Name of OrganizationCredit Unions Chartered In The State Of Michigan
Secondary Name390 Members Credit Union
Address3745 North Us 31 South, Traverse City, MI 49684-4442
ActivitiesLoans or credit reporting, Other services or benefits to members or employees
SubsectionCredit Union
Ruling Date10/1956
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationAssociation
Tax Period12/2012
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$210,458,876
Amount of Income$13,309,971
Form 990 Revenue Amount$12,074,161


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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$12,074,161
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$11,032,308
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$559,413
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$24,158
Gross rents (Real / Personal)$24,158 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$24,158 / $0
Net loss from sales of assets other than inventory$-56,949
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $1,178,861
Less: cost or other basis and sales expenses (Securities / Other)$0 / $1,235,810
Gain or (loss) (Securities / Other)$0 / $-56,949
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$515,231
Statement of Functional Expenses (for 2012)
Total functional expenses$10,777,991
Compensation of current officers, directors, trustees, and key employees$1,014,582
Other salaries and wages$2,257,504
Payroll taxes$282,334
Professional fundraising services$0
Other$7,223,571
Balance Sheet (for 2012)
Total assets$210,458,876
Total liabilities$190,311,653
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$70,484
Unsecured notes and loans payable to unrelated third parties$0
Other$190,241,169
Total net assets or fund balances$20,147,223
Retained earnings, endowment, accumulated income, or other funds$20,147,223
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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20 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
SubordinateCredit Unions Chartered In The State Of Michigan, 82 Communicating Arts Credit UnionPO BOX 32584, Detroit, MI 48232-0584MI1956-10$4,775,090
CentralCredit Unions Chartered In The State Of MichiganPO BOX 30220, Lansing, MI 48909-7720MI1956-10$0
SubordinateCredit Unions Chartered In The State Of Michigan, 151 Dow Chemical Employees Credit UPO BOX 1649, Midland, MI 48641-1649MI1956-10$330,871,968
SubordinateCredit Unions Chartered In The State Of Michigan, 425 Michigan Schools And Govt Cred40400 Garfield Rd, Clinton Twp, MI 48038-4004MI1956-10$291,747,742
SubordinateCredit Unions Chartered In The State Of Michigan, 222 Lake Trust Credit Union501 S Capitol Avenue, Lansing, MI 48933-2320MI1956-10$220,128,044
SubordinateCredit Unions Chartered In The State Of Michigan, 1192 Genisys Credit Union2100 Executive Hills Dr, Auburn Hills, MI 48326-2947MI1956-10$166,427,582
SubordinateCredit Unions Chartered In The State Of Michigan, 161 Wildfire Credit UnionPO BOX 3285, Saginaw, MI 48605-3285MI1956-10$151,071,357
SubordinateCredit Unions Chartered In The State Of Michigan, Grcc Esp Grand Rapids Community College Esp143 Bostwick Ave Ne, Grand Rapids, MI 49503MI1956-10$137,904,513
SubordinateCredit Unions Chartered In The State Of Michigan, 96 Dfcu Financial400 Town Center Drive, Dearborn, MI 48126-2753MI1956-10$125,668,844
SubordinateCredit Unions Chartered In The State Of Michigan, 165 Credit Union One400 E 9 Mile Rd, Ferndale, MI 48220-1774MI1956-10$122,310,898
SubordinateCredit Unions Chartered In The State Of Michigan, 7 Michigan First Credit Union27000 Evergreen Rd, Lathrup Vlg, MI 48076-3231MI1956-10$117,091,623
SubordinateCredit Unions Chartered In The State Of Michigan, Friends Of The Looking Glass River None1314 Sandhill Dr, Dewitt, MI 48820MI1956-10$111,594,592
SubordinateCredit Unions Chartered In The State Of Michigan, 416 Zeal Credit Union29550 Five Mile Rd, Livonia, MI 48154-3710MI1956-10$101,202,122
SubordinateCredit Unions Chartered In The State Of Michigan, 54 Flint Area School Empl Credit U4411 Calkins Rd, Flint, MI 48532-3516MI1956-10$84,880,346
SubordinateCredit Unions Chartered In The State Of Michigan, Pavilion 4-H Club3299 Gull Rd Wing 2 Room 410, Kalamazoo, MI 49048MI1956-10$59,030,333
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SubordinateCredit Unions Chartered In The State Of Michigan, 1096 Omni Community Credit UnionPO BOX 1537, Battle Creek, MI 49016-1537MI1956-10$38,240,487
Number of affiliated organizations
Michigan232
Oklahoma1
Total233

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