EIN 38-1562639

Credit Unions Chartered in the State of Michigan - 454 Best Financial Credit Union

Name: Credit Unions Chartered in the State of Michigan - 454 Best Financial Credit Union financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Personnel|Financials|Form 990s|Peers

IRS 501(c) type

501(c)(14)

Num. employees

City

Muskegon

State

Michigan

Year formed

1955

Most recent tax filings

2022-12-01

NTEE code, primary

W60: Financial Institutions, Credit Unions

Description

Credit Unions Chartered in the State of Michigan - 454 Best Financial Credit Union encourages thrift and savings by offering financial services to its eligible members, at fair and reasonable rates. Additionally, it promotes savings at a reasonable rate of interest. The credit union is located in Muskegon, MI.

Related structure

Credit Unions Chartered in the State of Michigan - 454 Best Financial Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.

Also known as...

Best Financial Credit Union

Total revenues

$7,151,929

2022

Total expenses

$6,370,309

2022

Total assets

$137,728,390

2022

Num. employees

2022

Program areas at Credit Unions Chartered in the State of Michigan - 454 Best Financial Credit Union

Promote thrift by offering Financial services to the community of members eligible to join the Financial Credit Union. Financial services are economically priced for loans, services, return on deposits.

Personnel at Credit Unions Chartered in the State of Michigan - 454 Best Financial Credit Union

Name	Title	Compensation	Date of data
Morgan Rescorla	President and Chief Executive Officer	$289,629	2023-11-15
Randi Sheffer	Chief Operating Officer	$74,558	2022-12-31
Michael Verstraete	Vice President of Finance	$108,211	2022-12-31
Carol Wagner	President and Chief Executive Officer	$106,536	2016-12-31
Gail Peters	Board Secretary	$0	2014-12-31

Financials for Credit Unions Chartered in the State of Michigan - 454 Best Financial Credit Union

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$0	$0	-
Program services	$6,357,977	$5,997,775	6%
Investment income and dividends	$660,919	$483,794	36.6%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$133,033	$162,896	-18.3%
Total revenues	$7,151,929	$6,644,465	7.6%

Form 990s for Credit Unions Chartered in the State of Michigan - 454 Best Financial Credit Union

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-15	990	View PDF
2021-12	2022-11-15	990	View PDF
2020-12	2021-11-15	990	View PDF
2018-12	2020-01-16	990	View PDF
2017-12	2019-02-21	990	View PDF
...and 7 more Form 990s

Organizations like Credit Unions Chartered in the State of Michigan - 454 Best Financial Credit Union

Organization	Type	Location	Revenue
Credit Unions Chartered in the State of Michigan - 257 Filer Credit Union	501(c)(14)	Manistee, MI	$7,809,519
Credit Unions Chartered in the State of Michigan - 0680 FreeStar Financial Credit Union	501(c)(14)	MT Clemens, MI	$14,580,200
Credit Unions Chartered in the State of Michigan - 561 TLC Community Credit Union	501(c)(14)	Adrian, MI	$27,618,251
Credit Unions Chartered in the State of Michigan - 1202 Advantage One Credit Union	501(c)(14)	Brownstown, MI	$12,777,127
Credit Unions Chartered in the State of Michigan - 384 Extra Credit Union	501(c)(14)	Warren, MI	$20,868,717
Omni Community Credit Union	501(c)(14)	Battle Creek, MI	$31,956,998
Credit Unions Chartered in the State of Michigan - 93 Team One Credit Union	501(c)(14)	Saginaw, MI	$30,548,902
Credit Unions Chartered in the State of Michigan - 1101 Public Service Credit Union	501(c)(14)	Romulus, MI	$20,530,252
Bloom Credit Union	501(c)(14)	Wyoming, MI	$10,150,900
FEDCom Credit Union	501(c)(14)	Grand Rapids, MI	$3,582,290

Data update history

January 8, 2024

Posted financials

Added Form 990 for fiscal year 2022

January 8, 2024

Updated personnel

Identified 1 new personnel

December 27, 2023

Used new vendors

Identified 5 new vendors, including , , , , and

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

July 12, 2023

Posted financials

Added Form 990 for fiscal year 2020

Nonprofit Types

Credit unionsChapter / child organizations

Issues

No issues found

Characteristics

State / local levelProvides scholarships

General information

Address: 1888 E Sherman Blvd; Muskegon, MI 49444
Metro area: Muskegon, MI
County: Muskegon County, MI
Website URL: bestfinancialcu.org/
Phone: (231) 733-1329

IRS details

EIN: 38-1562639
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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Credit Unions Chartered in the State of Michigan - 454 Best Financial Credit Union

Program areas at Credit Unions Chartered in the State of Michigan - 454 Best Financial Credit Union

Personnel at Credit Unions Chartered in the State of Michigan - 454 Best Financial Credit Union

Financials for Credit Unions Chartered in the State of Michigan - 454 Best Financial Credit Union

Form 990s for Credit Unions Chartered in the State of Michigan - 454 Best Financial Credit Union

Organizations like Credit Unions Chartered in the State of Michigan - 454 Best Financial Credit Union

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