EIN 38-1538668

Credit Unions Chartered in the State of Michigan - 460 Valley State Employees CR Un

IRS 501(c) type
501(c)(14)
Num. employees
8
Year formed
1955
Most recent tax filings
2016-12-01
Notice
This nonprofit is terminated or no longer active
Credit Unions Chartered in the State of Michigan - 460 Valley State Employees CR Un may be no longer active or terminated.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
Provide financial services and products to members. Valley State Credit Union (vscu) was placed into conservatorship by the State of Michigan, department of insurance and financial services on august 17, 2016 due to unsafe and unsound practices. The S...
Related structure
Credit Unions Chartered in the State of Michigan - 460 Valley State Employees CR Un is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Valley State Employees Credit Union; 460 Valley State Employees CR Un
Total revenues
$864,993
2016
Total expenses
$2,927,064
2016
Total assets
$19,817,961
2016
Num. employees
8
2016

Program areas at Credit Unions Chartered in the State of Michigan - 460 Valley State Employees CR Un

The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2016 2,715.
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 12/31/2016 was 1,602.

Personnel at Credit Unions Chartered in the State of Michigan - 460 Valley State Employees CR Un

NameTitleCompensation
Andrew HealyNcua Conservator$0
Stanley D HayesPresident and Chief Executive Officer$48,671

Financials for Credit Unions Chartered in the State of Michigan - 460 Valley State Employees CR Un

RevenuesFYE 12/2016
Total grants, contributions, etc.$0
Program services$850,976
Investment income and dividends$72,984
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-58,967
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$864,993

Form 990s for Credit Unions Chartered in the State of Michigan - 460 Valley State Employees CR Un

Fiscal year endingDate received by IRSFormPDF link
2016-122017-08-07990OView PDF
2015-122016-09-21990OView PDF
2014-122015-06-25990OView PDF
2013-122014-10-15990OView PDF
2012-122013-07-11990OView PDF
...and 2 more Form 990s
Data update history
August 7, 2017
Posted financials
Added Form 990 for fiscal year 2016
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelTerminated
General information
Address
2686 Mcleod Dr
Saginaw, MI 48603
Metro area
Saginaw, MI
County
Saginaw County, MI
Phone
(989) 793-5943
IRS details
EIN
38-1538668
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1955
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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