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Credit Unions Chartered in the State of Michigan

501(c)
DBA: STATE OF MICHIGAN 48 LAKE MICH CU
Other · GRAND RAPIDS, MI · EIN 38-1215360

About

Promotion of thrift and providing low cost credit and other financial services for its members through mutual and nonprofit organization.

DBA State of Michigan 48 LAKE MICH CU

Donations are NOT tax-deductible
Category
Other
Employees
1,703
Volunteers
—

Financial Snapshot

FY ending 2023-12-31
Revenue
$692.0M
Expenses
$519.8M
Assets
$13.4B
Liabilities
$12.0B

Financial history

$692.0M$346.0M$0
1617181920212223
RevenueExpenses
Latest FY2023: $692.0M · Avg: $493.3M
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Your actions

Address

PO BOX 2848
Grand Rapids, MI, 49501-284

Governance

Voting board members11
Independent members11
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsYes
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.