Program areas at Credit Unions Chartered in the State of Michigan - 1130 the Local Credit Union
Provide 12,548 members with various savings, share draft, certificate of deposit, ira and money market accounts totaling 16,290
Offer automated teller machines, debit cards, check cashing, bill payments, wire transfers and various insurance programs to our members.
Provide 3,984 loans including vehicle, signature, Credit card, mortgage, home equity, overdraft protection and recreational vehicle.
Personnel at Credit Unions Chartered in the State of Michigan - 1130 the Local Credit Union
| Name | Title | Compensation | Date of data |
|---|
| Joseph Hallman | President and Chief Executive Officer | $205,295 | 2023-08-21 |
| Sherry Lawfield | Vice President Retail Operations | $103,232 | 2022-12-31 |
| H Frank Voelker | Accounting Manager | $78,233 | 2022-12-31 |
| Joe Cusenza | Chairperson | $0 | 2016-12-31 |
| Al Badalamento | Vice Chairperson | $0 | 2016-12-31 |
| ...and 1 more key personnel |
Financials for Credit Unions Chartered in the State of Michigan - 1130 the Local Credit Union
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $3,953,282 | $3,899,245 | 1.4% |
| Investment income and dividends | $945,488 | $828,885 | 14.1% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $-2,639 | $-1,961 | -34.6% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $4,896,131 | $4,726,169 | 3.6% |
Organizations like Credit Unions Chartered in the State of Michigan - 1130 the Local Credit Union
| Organization | Type | Location | Revenue |
|---|
| Credit Unions Chartered in the State of Michigan - 43 Country Heritage Credit Union | 501(c)(14) | Buchanan, MI | $1,733,184 |
| Credit Unions Chartered in the State of Michigan Allegis Credit Union | 501(c)(14) | Kalamazoo, MI | $5,538,378 |
| Credit Unions Chartered in the State of Michigan - 533 Saginaw County Empl Credit Union | 501(c)(14) | Saginaw, MI | $1,539,701 |
| Credit Unions Chartered in the State of Michigan - 741 Meijer Credit Union | 501(c)(14) | Grand Rapids, MI | $5,162,845 |
| Credit Unions Chartered in the State of Michigan - 65 FM Financial Credit Union | 501(c)(14) | Flint, MI | $1,696,380 |
| Upper Michigan Community Credit Union - 366 Upper Michigan Community Credit | 501(c)(14) | Munising, MI | $1,737,462 |
| FEDCom Credit Union | 501(c)(14) | Grand Rapids, MI | $3,582,290 |
| Credit Unions Chartered in the State of Michigan - 118 Adventure Credit Union | 501(c)(14) | Grand Rapids, MI | $22,480,279 |
| Credit Unions Chartered in the State of Michigan - 1055 FinancialEdge Community Cu | 501(c)(14) | Bay City, MI | $5,984,878 |
| Bloom Credit Union | 501(c)(14) | Wyoming, MI | $10,150,900 |
Data update history
September 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 6, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 18, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 2, 2023
Updated personnel
Identified 1 new personnel
May 23, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
- Address
- 39139 Mound Rd
- Sterling Heights, MI 48310
- Metro area
- Detroit-Warren-Dearborn, MI
- County
- Macomb County, MI
- Website URL
- thelocalcreditunion.com/Â
- Phone
- (586) 264-1212
- Facebook page
- TheLocalCreditUnionÂ
- Twitter profile
- @thelocalcuÂ
IRS details
- EIN
- 38-1406340
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1949
- 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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