EIN 38-1370951

Credit Unions Chartered in the State of Michigan - 1198 First United Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
23
Year formed
1937
Most recent tax filings
2023-06-01
Notice
This nonprofit is terminated or no longer active
Credit Unions Chartered in the State of Michigan - 1198 First United Credit Union may be no longer active or terminated. Either the organization hasn't filed a Form 990 in many years and appears to no longer be active, or they marked in their most recent Form 990 that they have closed down.
Description
Credit Unions Chartered in the State of Michigan - 1198 First United Credit Union serves as your financial partner, providing personal, community, and innovative service. Members can benefit from a variety of loans including real estate, credit card, vehicle and other loans, with 3,541 outstanding as of 12/31/2021. The Credit Union also offers various deposit account types such as savings, checking, certificates and other accounts for their 4,871 members.
Related structure
Credit Unions Chartered in the State of Michigan - 1198 First United Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
First United Credit Union
Total revenues
$4,090,233
2022
Total expenses
$3,128,825
2022
Total assets
$64,482,840
2022
Num. employees
23
2022

Program areas at Credit Unions Chartered in the State of Michigan - 1198 First United Credit Union

The Credit Union provides several deposit account types to members including savings, checking, cerificates, and other. The total number of members at 6/30/23 was 4971
The Credit Union provides a variety of loans to mebers including real estate, Credit card, vehicle, and other. The total number of loans outstanding at 6/30/23 was 3972

Personnel at Credit Unions Chartered in the State of Michigan - 1198 First United Credit Union

NameTitleCompensation
Mark A RichterChief Executive Officer$98,919
Michelle RossChief Financial Officer$65,568

Financials for Credit Unions Chartered in the State of Michigan - 1198 First United Credit Union

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$3,863,521
Investment income and dividends$218,962
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$32,955
Total revenues$4,090,233

Form 990s for Credit Unions Chartered in the State of Michigan - 1198 First United Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-062023-10-16990View PDF
2022-122023-05-05990View PDF
2021-122022-09-26990View PDF
2020-122023-03-13990View PDF
2020-122021-05-14990View PDF
...and 7 more Form 990s
Data update history
November 29, 2023
Posted financials
Added Form 990 for fiscal year 2023
July 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 29, 2023
Used new vendors
Identified 1 new vendor, including
June 12, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 22, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelTerminated
General information
Address
3140 Ivanrest Ave SW
Grandville, MI 49418
Metro area
Grand Rapids-Kentwood, MI
County
Kent County, MI
Website URL
firstunitedcu.org/ 
Phone
(616) 532-9067
IRS details
EIN
38-1370951
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1937
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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