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  4. Credit Unions Chartered in the State of Michigan - 1046 River Valley Credit Union
EIN 38-6119310

Credit Unions Chartered in the State of Michigan - 1046 River Valley Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
33
City
Ada
State
Michigan
Year formed
1965
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Credit Unions Chartered in the State of Michigan - 1046 River Valley Credit Union provides financial services and products to members, including a variety of loans such as real estate, credit card, vehicle and others. As of 12/31/2022, the Credit Union had 5,063 outstanding loans. The Credit Union also offers several deposit account types to members such as savings, checking, certificates and others. At the end of 12/31/2022, the total number of members was 9,814.
Related structure
Credit Unions Chartered in the State of Michigan - 1046 River Valley Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
River Valley Credit Union
Total revenues
$6,576,697
2022
Total expenses
$4,347,821
2022
Total assets
$128,937,343
2022
Num. employees
33
2022

Program areas at Credit Unions Chartered in the State of Michigan - 1046 River Valley Credit Union

The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2022 was 9,814.
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 12/31/2022 was 5,063.

Personnel at Credit Unions Chartered in the State of Michigan - 1046 River Valley Credit Union

NameTitleCompensation
Janelle FrankeChief Executive Officer and Treasurer$166,143
Eric Cutter PhillipsVice President of Marketing and It$0
Krista HuverExecutive Vice President$0
Janelle HiggisonChief Executive Officer and Treasurer

Financials for Credit Unions Chartered in the State of Michigan - 1046 River Valley Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$5,647,708
Investment income and dividends$928,989
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$6,576,697

Form 990s for Credit Unions Chartered in the State of Michigan - 1046 River Valley Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-07-25990View PDF
2021-122022-11-06990View PDF
2020-122021-06-30990View PDF
2019-122020-08-28990View PDF
2018-122019-07-23990View PDF
...and 9 more Form 990s
Data update history
August 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 24, 2023
Updated personnel
Identified 1 new personnel
August 21, 2023
Used new vendors
Identified 1 new vendor, including
July 31, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 4, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
7177 Headley St Se
Ada, MI 49301
Metro area
Grand Rapids-Kentwood, MI
County
Kent County, MI
Website URL
myrivervalleycu.org/ 
Phone
(616) 787-7481
IRS details
EIN
38-6119310
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1965
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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