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Michigan · Nonprofit

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (Michigan) receives grants from 1 organization whose IRS filings report $14,000 to it, the largest being MICHIGAN CREDIT UNION FOUNDATION ($14,000). 0 of them have funded it in more than one year.

Revenue FY2024
$19M
Funders on record
1
Grants received
$14k
Net assets
$23M
0/1 repeat funderspeak grant-dependency 0%
01What it does

What Credit Unions Chartered in the State of Michigan does

Mission

The mission of advantage one credit union is to operate in a safe and sound manner while meeting the financial needs of its membership.

As stated on its FY2024 Form 990.

Programs

  1. Loans - loans grew 4.30% in 2024. Closed end home equity loans had the most dollar growth at $3.9 million or 28%, indirect loans grew $2.2 million, or 4.54%. Credit card loans grew $1.8 million, or 11.97%. Not including wages and benefits, loan servicing expense in 2024 was $1,517,338.

  2. Debit cards - as of 12/31/2024, advantage one cu had 11,620 debit cards representing 64.74% of total members. The associated expense with the program was $819,291, excluding wages and benefits.

  3. Home banking and bill pay - advantage one cu has 12,096 online banking users and 838 bill pay users representing 68% and 5% of total members, respectively. Not including wages and benefits, associated program expenses totalled $399,752 in 2024.

The 3 programs described on its FY2024 Form 990, listed largest first by expense.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

100 = 20172017 Revenue 100 ($8.9M) Expenses 100 ($8.5M) Net assets 100 ($14M)2018 Revenue 109 ($9.7M) Expenses 108 ($9.3M) Net assets 102 ($15M)2019 Revenue 123 ($11M) Expenses 111 ($9.5M) Net assets 114 ($16M)2020 Revenue 124 ($11M) Expenses 114 ($9.7M) Net assets 127 ($18M)2021 Revenue 129 ($11M) Expenses 110 ($9.4M) Net assets 136 ($19M)2022 Revenue 144 ($13M) Expenses 119 ($10M) Net assets 124 ($18M)2023 Revenue 177 ($16M) Expenses 159 ($14M) Net assets 139 ($20M)2024 Revenue 211 ($19M) Expenses 187 ($16M) Net assets 165 ($23M)
'17'18'19'20'21'22'23'24
Revenue (211)Expenses (187)Net assets (165)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $150M to $187M (+25%).

$140M
$143M
$150M
$187M
$212M
$234M
$256M
$253M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.

$354k
’17
$469k
’18
$1.4M
’19
$1.3M
’20
$2.1M
’21
$2.6M
’22
$2.1M
’23
$2.7M
’24
13
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Christopher Corkery

CEO

Board chair

Richard E Lindemann

Chairperson

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed1311111511131213
Joined·+1+1+4+0+4+2+2
No longer listed·3104231
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'22
total
funders
1

From the IRS filings of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN's grant income comes from Michigan funders.

MI

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Organizations like CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Michigan

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Governance

7
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Screen this organization

A dated, signed PDF of the compliance screen for CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (Michigan) receives grants from 1 organization whose IRS filings report $14,000 to it, the largest being MICHIGAN CREDIT UNION FOUNDATION ($14,000). 0 of them have funded it in more than one year.
How many funders does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN have?
IRS filings report 1 organization giving $14,000 in grants to CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN.
Who is the largest funder of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
MICHIGAN CREDIT UNION FOUNDATION is the largest funder on record, with $14,000 in grants. The full list of funders is on this page.
How can an organization like CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Michigan. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Credit Unions Chartered in the State of Michigan →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing