EIN 38-1215360

Credit Unions Chartered in the State of Michigan - 48 Lake Michigan Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
1,735
Year formed
1933
Most recent tax filings
2022-12-01
Description
Credit Unions Chartered in the State of Michigan - 48 Lake Michigan Credit Union promotes thrift and provides low cost credit and other financial services for its members through mutual and nonprofit organization. The credit union is run by Sandy Jelinski and is located in Grand Rapids, MI.
Related structure
Credit Unions Chartered in the State of Michigan - 48 Lake Michigan 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 48 Lake Mich Cu; 48 Lake Michigan Credit Union
Total revenues
$520,341,837
2022
Total expenses
$350,744,589
2022
Total assets
$11,905,975,667
2022
Num. employees
1,735
2022

Program areas at Credit Unions Chartered in the State of Michigan - 48 Lake Michigan Credit Union

See additonal details
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Grants made by Credit Unions Chartered in the State of Michigan - 48 Lake Michigan Credit Union

GranteeGrant descriptionAmount
YMCA of Greater Grand RapidsPlayground Equipment$40,000
Junior Achievement of the Michigan Great Lakes (JAMGL)Capital Campaign$25,000
American National Red Cross (ANRC)Hurrican Ian Relief$20,000

Personnel at Credit Unions Chartered in the State of Michigan - 48 Lake Michigan Credit Union

NameTitleCompensation
Sandy JelinskiChief Executive Officer$2,604,713
Corbin ButtlemanMortgage Sal$810,640
Sara KempermanSenior Vice President Retail O$323,156
Peter DannSenior Vice President Chief Financial Officer$523,263
Brent GreenMortgage Sal$811,830
...and 11 more key personnel

Financials for Credit Unions Chartered in the State of Michigan - 48 Lake Michigan Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$460,514,936
Investment income and dividends$35,298,506
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$24,528,395
Total revenues$520,341,837

Form 990s for Credit Unions Chartered in the State of Michigan - 48 Lake Michigan Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-12990View PDF
2021-122022-05-10990View PDF
2020-122022-05-02990View PDF
2019-122022-01-27990OView PDF
2018-122019-08-12990OView PDF
...and 9 more Form 990s

Organizations like Credit Unions Chartered in the State of Michigan - 48 Lake Michigan Credit Union

OrganizationLocationRevenue
Advia Credit Union - 71 Advia Credit UnionKalamazoo, MI$137,191,450
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN - 96 DFCU FinancialDearborn, MI$179,964,241
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN - 1192 Genisys CREDIT UnionAuburn Hills, MI$200,960,128
Credit Union of TexasAllen, TX$136,553,125
Washington State Employees Credit Union (WSECU)Olympia, WA$218,232,879
Safe Credit UnionFolsom, CA$183,102,902
California Credit UnionGlendale, CA$152,708,557
Star One Credit UnionSunnyvale, CA$255,066,926
Gesa Credit UnionRichland, WA$219,180,132
Numerica Credit UnionSpokane Valley, WA$175,521,623
Data update history
July 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 13, 2023
Used new vendors
Identified 9 new vendors, including , , , , , , , , and
July 1, 2023
Updated personnel
Identified 2 new personnel
May 20, 2023
Updated personnel
Identified 21 new personnel
May 12, 2023
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsState / local levelProvides scholarships
General information
Address
PO Box 2848
Grand Rapids, MI 49501
Metro area
Grand Rapids-Kentwood, MI
County
Kent County, MI
Phone
(616) 242-9790
IRS details
EIN
38-1215360
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1933
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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