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EIN 38-1678297

Compass Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
33
City
Sparta
State
Michigan
Year formed
1956
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Compass Community Credit Union / Compass Credit Union offers financial services and products to its members. It provides a range of loans, such as real estate, credit card, vehicle, and others, with 4,232 outstanding loans as of 12/31/2021. The credit union also offers different deposit account types, including savings, checking, certificates, and more. Its membership base has grown to 7,439 as of 12/31/2021.
Related structure
Compass Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Rogue River Community Credit Union; Credit Unions Chartered in the State of Michigan
Total revenues
$5,197,802
2023
Total expenses
$5,776,762
2023
Total assets
$93,725,032
2023
Num. employees
33
2023

Program areas at Compass Credit Union

The Credit Union provides savings products to members. The total number of members at 12/31/23 is 8,068.
The Credit Union provides loans to members. The total number of loans outstanding at 12/31/23 was 4,595.

Financials for Compass Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$4,393,147
Investment income and dividends$804,655
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$5,197,802
Data update history
January 7, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 4, 2025
Updated personnel
Identified 1 new personnel
January 3, 2025
Used new vendors
Identified 1 new vendor, including
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 21, 2024
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
485 S State St
Sparta, MI 49345
Metro area
Grand Rapids-Kentwood, MI
County
Kent County, MI
Website URL
compasscu.com/ 
Phone
(616) 887-8262
IRS details
EIN
38-1678297
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1956
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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