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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
1,703
City
Grand Rapids
State
Michigan
Year formed
1933
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
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
$692,047,277
2023
Total expenses
$519,826,803
2023
Total assets
$13,371,002,258
2023
Num. employees
1,703
2023

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

See additonal details
See additional details
See additional details
See details

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

GranteeGrant descriptionAmount
Junior Achievement of the Michigan Great Lakes (JAMGL)Capital Campaign$25,000
Boys and Girls Clubs of Lee CountyFaciltiy Upgrades$20,000
Hope Community Housing CorporationProgram Support$15,000
...and 3 more grants made

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 12/2023
Total grants, contributions, etc.$0
Program services$639,865,963
Investment income and dividends$35,730,234
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$16,451,080
Total revenues$692,047,277

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

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-09990View PDF
2022-122023-05-12990View PDF
2021-122022-05-10990View PDF
2020-122022-05-02990View PDF
2019-122022-01-27990OView PDF
...and 10 more Form 990s

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

OrganizationLocationRevenue
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$255,140,144
Safe Credit UnionFolsom, CA$183,102,902
Delta Community Credit UnionAtlanta, GA$346,692,479
Numerica Credit UnionSpokane Valley, WA$175,521,623
Washington State Employees Credit Union (WSECU)Olympia, WA$218,232,879
Star One Credit UnionSunnyvale, CA$255,066,926
Pennsylvania State Employees Credit Union (PSECU)Harrisburg, PA$356,564,660
Patelco Credit UnionDublin, CA$314,717,655
Travis Credit UnionVacaville, CA$193,300,043
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
Grantmaking organizationsCredit 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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