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EIN 38-1719216

Credit Unions Chartered in the State of Michigan - 942 First Area Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
17
City
Saginaw
State
Michigan
Year formed
1961
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Credit Unions Chartered in the State of Michigan - 942 First Area Credit Union provides personal, community, and innovative services to be your financial partner. The Credit Union offers a variety of loans including real estate, credit card, and vehicle loans, with a total of 1,115 loans outstanding by December 31st, 2022. Several deposit account types are available to members such as savings, checking, and certificates with a total number of 3,476 members by December 31st, 2022.
Related structure
Credit Unions Chartered in the State of Michigan - 942 First Area Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
First Area Credit Union
Total revenues
$1,424,449
2022
Total expenses
$1,267,614
2022
Total assets
$44,580,717
2022
Num. employees
17
2022

Program areas at Credit Unions Chartered in the State of Michigan - 942 First Area 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 3,476.
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 1,115.

Personnel at Credit Unions Chartered in the State of Michigan - 942 First Area Credit Union

NameTitleCompensation
Lynn McCoyChief Executive Officer$99,893
Michael WaltonPresident

Financials for Credit Unions Chartered in the State of Michigan - 942 First Area Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$1,097,797
Investment income and dividends$326,652
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$1,424,449

Form 990s for Credit Unions Chartered in the State of Michigan - 942 First Area Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-09990View PDF
2021-122022-08-30990View PDF
2020-122021-06-30990View PDF
2019-122020-09-01990View PDF
2018-122019-06-19990View PDF
...and 8 more Form 990s
Data update history
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 15, 2021
Posted financials
Added Form 990 for fiscal year 2020
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
October 25, 2020
Updated personnel
Identified 1 new personnel
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
193 Campbell LN
Saginaw, MI 48609
Metro area
Saginaw, MI
County
Saginaw County, MI
Website URL
firstareacu.com/ 
Phone
(989) 781-1430
IRS details
EIN
38-1719216
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1961
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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