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Michigan · Public charity

Michigan Credit Union Foundation

Cooperatively empowering credit unions to increase financial well-being by supporting community enrichment, financial education, and credit union development initiatives

$111k
Granted FY2024(still arriving)
5
Itemized grants FY2024
9
Organizations funded FY2023
22%
First-time grantees FY2023
Read the full brief
Itemized, FY2024
$85k
The rest is grants the schedule does not break out
Median grant, FY2024
$15,000
Largest grant, FY2024
$25,241
Organizations funded a year
4 to 18
FY2017 to FY2023
States reached, FY2024
2
Total assets, FY2024
$1.4M

How open it is to new grantees

In FY2023, 22% of the organizations Michigan Credit Union Foundation funded were first-time grantees, receiving 11% of its grant dollars.

New vs renewed · share of each year

In FY2023, 89% of grant dollars renewed an existing relationship; $14k went to new ones.

50%100%’18’19’20’21’22’23
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’18’19’20’21’22’23
Community ImprovementEducationInternationalOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.
The numbers by year
Fiscal yearOrganizations fundedTo those organizationsFirst-time grantees
FY2024still arriving5$85k20%
FY20239$128k22%
FY202213$147k46%
FY202111$111k18%
FY202018$188k83%
FY201912$119k92%
FY20184$88k100%
FY20176$62kn/a
100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Community Improvement$434kEducation$300kEmployment$56kHuman Services$55kPhilanthropy$25kPublic Safety & Disaster$20kArts & Culture$19kMembership Benefit$18kOther$0

Top grantees

Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.

GranteeTotal grantedYearsShare of their budget
Penguin Random House LLC$113,0164n/a
Michigan Council on Economic Education$94,000522%
Michigan Credit Union League$78,55651%
Richard Myles Johnson Foundation$46,50042%
True Community Credit Union$46,00030%
Diversified Members Credit Union$40,00010%
Credit Union National Association Inc$35,36440%
Elga Credit Union$31,81130%
Credit Unions Chartered in the State of Michigan$30,00030%
Alpena Alcona Area Credit Union$28,50020%
Show all 47 grantees
All grantees of Michigan Credit Union Foundation by total granted
GranteeTotal grantedYearsShare of their budget
Penguin Random House LLC$113,0164n/a
Michigan Council on Economic Education$94,000522%
Michigan Credit Union League$78,55651%
Richard Myles Johnson Foundation$46,50042%
True Community Credit Union$46,00030%
Diversified Members Credit Union$40,00010%
Credit Union National Association Inc$35,36440%
Elga Credit Union$31,81130%
Credit Unions Chartered in the State of Michigan$30,00030%
Alpena Alcona Area Credit Union$28,50020%
National Credit Union Foundation$24,00020%
Team One Credit Union$21,50020%
Credit Union Network for Financial Literacy$20,7001n/a
United Way of Northern New Jersey Inc$20,00010%
Public Service Credit Union$17,50020%
Louisiana Credit Union League$16,75030%
Michigan State University Federal Credit Union$16,6922n/a
Omni Community Credit Union$15,00010%
4front Credit Union$14,47510%
Credit Unions Chartered in the State of Michigan$14,00010%
Catholic Vantage Financial Credit Union$13,0001n/a
Credit Unions Chartered in the State of MI CASE Credit Union$12,93520%
Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union$11,25010%
Northland Area Fcu$10,0001n/a
Honor Credit Union$10,00010%
Mi Tech Employees Fcu$10,0001n/a
Michigan Schools and Government Credit Union$10,00010%
Freestar Financial Credit Union$9,00010%
People Driven Credit Union$8,72510%
4front Foundation Inc$8,0001n/a
Community First Federal Credit Union$8,0001n/a
Sb Community Fcu$7,7751n/a
Sagelink Credit Union$7,50010%
Best Financial Credit Union$7,00010%
Worldwide Foundation for Credit Unions Inc$6,00010%
Case Cu$6,0001n/a
Filer Credit Union$6,00010%
Ignite Credit Union$5,87510%
Louisiana Central Credit Union$5,70011%
Soo Co-Op Credit Union$5,40010%
Cu Solutions Group$5,2501n/a
Limestone Fcu$5,0001n/a
Atl Federal Credit Union$5,0001n/a
Lafcu$5,00010%
Calcite Credit Union$5,00010%
Credit Unions Chartered in the State of Michigan$5,00011%
Lake Huron Credit Union$5,00010%

Where it is load-bearing

Each grantee by its size and the share of its budget Michigan Credit Union Foundation supplied at peak.

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetMichigan Council on Economic Education: $94,000 over 5y, 22% of budgetMichigan Credit Union League: $78,556 over 5y, 0.7% of budgetRichard Myles Johnson Foundation: $46,500 over 4y, 2.4% of budgetTrue Community Credit Union: $46,000 over 3y, 0.1% of budgetDiversified Members Credit Union: $40,000 over 1y, 0.2% of budgetCredit Union National Association Inc: $35,364 over 4y, 0.0% of budgetElga Credit Union: $31,811 over 3y, 0.0% of budgetCredit Unions Chartered in the State of Michigan: $30,000 over 3y, 0.0% of budgetAlpena Alcona Area Credit Union: $28,500 over 2y, 0.1% of budgetNational Credit Union Foundation: $24,000 over 2y, 0.3% of budgetTeam One Credit Union: $21,500 over 2y, 0.0% of budgetUnited Way of Northern New Jersey Inc: $20,000 over 1y, 0.2% of budgetPublic Service Credit Union: $17,500 over 2y, 0.0% of budgetLouisiana Credit Union League: $16,750 over 3y, 0.4% of budgetOmni Community Credit Union: $15,000 over 1y, 0.1% of budget4front Credit Union: $14,475 over 1y, 0.0% of budgetCredit Unions Chartered in the State of Michigan: $14,000 over 1y, 0.1% of budgetCredit Unions Chartered in the State of MI CASE Credit Union: $12,935 over 2y, 0.0% of budgetCredit Unions Chartered in the State of Michigan Frankenmuth Credit Union: $11,250 over 1y, 0.0% of budgetHonor Credit Union: $10,000 over 1y, 0.0% of budgetMichigan Schools and Government Credit Union: $10,000 over 1y, 0.0% of budgetFreestar Financial Credit Union: $9,000 over 1y, 0.1% of budgetPeople Driven Credit Union: $8,725 over 1y, 0.1% of budgetSagelink Credit Union: $7,500 over 1y, 0.1% of budgetBest Financial Credit Union: $7,000 over 1y, 0.1% of budgetWorldwide Foundation for Credit Unions Inc: $6,000 over 1y, 0.1% of budgetFiler Credit Union: $6,000 over 1y, 0.1% of budgetIgnite Credit Union: $5,875 over 1y, 0.1% of budgetLouisiana Central Credit Union: $5,700 over 1y, 0.6% of budgetSoo Co-Op Credit Union: $5,400 over 1y, 0.0% of budgetLafcu: $5,000 over 1y, 0.0% of budgetCalcite Credit Union: $5,000 over 1y, 0.1% of budgetCredit Unions Chartered in the State of Michigan: $5,000 over 1y, 0.8% of budgetLake Huron Credit Union: $5,000 over 1y, 0.1% of budget

Tap a dot to name the grantee.

How this is measured
Share of budget is the funder’s grant in a year over the grantee’s total revenue that year, at its highest across the years we hold; revenue is from all sources. Only grantees confirmed against their own filings, whose grants do not exceed their revenue, are plotted: the largest 34.

Nonprofits that may fit its grantmaking

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a set of overlaps that mostly run through this funder rather than between each other.

Amazonsmile Foundation
Amazonsmile FoundationWA0.5× affinity6 shared granteesties to 0 of 0Hover any node to trace its alignments.Compare side by side →

Open a dossier: Amazonsmile Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

Compare Michigan Credit Union Foundation with peer funders

About Michigan Credit Union Foundation

How much does Michigan Credit Union Foundation give?
Michigan Credit Union Foundation reported 5 itemized grants totaling $85,241, out of $111,165 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 4 and 18 organizations a year over FY2017 to FY2023.
What does Michigan Credit Union Foundation fund?
By grant dollars over FY2017 to FY2024, its largest causes are Community Improvement (46%), Education (32%), Employment (6%).
Who are Michigan Credit Union Foundation's largest grantees?
By total granted over FY2017 to FY2024: Penguin Random House LLC ($113k), Michigan Council on Economic Education ($94k), Michigan Credit Union League ($79k).
Does Michigan Credit Union Foundation fund new organizations?
In FY2023, 22% of the organizations it funded were first-time grantees.
Which funders back the same organizations as Michigan Credit Union Foundation?
Its strongest co-funders, measured against what their size predicts, include Amazonsmile Foundation.
Where is Michigan Credit Union Foundation based?
Michigan Credit Union Foundation is based in MI.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 48 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on Michigan Credit Union’s filings →

More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home