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EIN 38-1907619

Bloom Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
59
City
Grand Rapids
State
Michigan
Year formed
1951
Most recent tax filings
2024-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Bloom Credit Union offers financial services and products to its members with a mission to provide quality service. It provides several types of deposit accounts such as savings, checking, certificates, and others, and has a membership base of 13,439 as of December 31st, 2023. Furthermore, it provides various loan options including real estate loans, credit card loans, vehicle loans, and others. As of December 31st, 2023, the Credit Union had 9,083 outstanding loans.
Related structure
Bloom Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Credit Unions Chartered in the State of Michigan My Personal Credit Union; My Personal Credit Union
Total revenues
$13,190,825
2024
Total expenses
$12,452,257
2024
Total assets
$193,974,507
2024
Num. employees
59
2024

Program areas at Bloom Credit Union

The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2024 was 16,346.
The Credit Union provides a variety of loans to members including real estate, Credit card, vehicle and other. The total number of loans outstanding at 12/31/2024 was 8,680.

Personnel at Bloom Credit Union

NameTitleCompensation
Joseph HeintskillChief Executive Officer$211,562
Rebecca BainesChief Operating Officer$130,048
Robert DraegerChief Financial Officer$158,892
Bill SeniuraVice President$148,860

Financials for Bloom Credit Union

RevenuesFYE 12/2024
Total grants, contributions, etc.$0
Program services$11,091,533
Investment income and dividends$2,099,292
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$13,190,825

Form 990s for Bloom Credit Union

Fiscal year endingDate received by IRSFormPDF link
2024-122025-03-06990View PDF
2023-122024-04-26990View PDF
2022-122023-04-26990View PDF
2021-122022-09-26990View PDF
2020-122021-11-15990View PDF
...and 12 more Form 990s
Data update history
April 25, 2025
Posted financials
Added Form 990 for fiscal year 2024
April 21, 2025
Used new vendors
Identified 2 new vendors, including , and
August 7, 2024
Updated personnel
Identified 1 new personnel
July 14, 2024
Used new vendors
Identified 2 new vendors, including , and
July 9, 2024
Posted financials
Added Form 990 for fiscal year 2023
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsState / local levelReceives government funding
General information
Address
401 Hall St SW 288
Grand Rapids, MI 49503
Metro area
Grand Rapids-Kentwood, MI
County
Kent County, MI
Website URL
bloomcu.org/ 
Phone
(616) 452-2161
IRS details
EIN
38-1907619
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1951
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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