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Employer Identification Number 38-0481580

MICHIGAN FIRST CREDIT UNION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:MICHIGAN FIRST CREDIT UNION
Employer identification number (EIN):38-0481580
EIN Issuing AuthorityCincinnati, OH
NAIC Classification:522130
NAIC Description:Credit Unions
401k Pension/Benefits registration MICHIGAN FIRST CREDIT UNION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTO BE THE ONLY FINANCIAL INSTITUTION FOR OUR MEMBERS.
Number of Employees529
Number of Volunteers9
Year Formed1926

Organization Governance

Legal DomicileMI
Voting Members - Governing Body9
Voting Members - Independent9

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 1,033,628
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 68,019,032
Program Service Revenue from current yearUSD $ 74,628,721
Investment Income from prior yearUSD $ 3,041,249
Investment Income from current yearUSD $ 5,785,135
Other Revenue from prior yearUSD $ 32,586,581
Other Revenue from current yearUSD $ 26,208,933
Gross receipts from all sourcesUSD $ 113,886,001
Net assets / fund balances at end of fiscal yearUSD $ 158,810,881
Net assets / fund balances at beginning of fiscal yearUSD $ 171,698,413
Total liabilities at end of fiscal yearUSD $ 1,322,753,368
Total liabilities at beginning of fiscal yearUSD $ 1,311,412,024
Total assets at end of fiscal yearUSD $ 1,481,564,249
Total assets at beginning of fiscal yearUSD $ 1,483,110,437
Revenues less expenses for current yearUSD $ 15,682,915
Revenues less expenses for previous yearUSD $ 22,759,524
Total expenses for current yearUSD $ 92,866,847
Total expenses for previous yearUSD $ 80,887,338
Other expenses in current yearUSD $ 49,182,776
Other expenses in previous yearUSD $ 38,353,696
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 43,604,071
Employee salary and benefits paid in previous yearUSD $ 42,533,642
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 80,000
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 108,549,762
Total revenue in previous fiscal yearUSD $ 103,646,862
Contributions and grants from current yearUSD $ 1,926,973
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 26,166,164
2021-12-31
Total unrelated business incomeUSD $ 1,095,649
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 63,147,062
Program Service Revenue from current yearUSD $ 68,019,032
Investment Income from prior yearUSD $ 3,068,896
Investment Income from current yearUSD $ 3,041,249
Other Revenue from prior yearUSD $ 26,237,037
Other Revenue from current yearUSD $ 32,586,581
Gross receipts from all sourcesUSD $ 115,793,157
Net assets / fund balances at end of fiscal yearUSD $ 171,698,413
Net assets / fund balances at beginning of fiscal yearUSD $ 153,612,039
Total liabilities at end of fiscal yearUSD $ 1,311,412,024
Total liabilities at beginning of fiscal yearUSD $ 1,175,208,315
Total assets at end of fiscal yearUSD $ 1,483,110,437
Total assets at beginning of fiscal yearUSD $ 1,328,820,354
Revenues less expenses for current yearUSD $ 22,759,524
Revenues less expenses for previous yearUSD $ 10,656,132
Total expenses for current yearUSD $ 80,887,338
Total expenses for previous yearUSD $ 81,796,863
Other expenses in current yearUSD $ 38,353,696
Other expenses in previous yearUSD $ 41,344,619
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 42,533,642
Employee salary and benefits paid in previous yearUSD $ 40,452,244
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 103,646,862
Total revenue in previous fiscal yearUSD $ 92,452,995
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 32,543,812
2020-12-31
Total unrelated business incomeUSD $ 1,114,387
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 61,521,074
Program Service Revenue from current yearUSD $ 63,147,062
Investment Income from prior yearUSD $ 4,368,905
Investment Income from current yearUSD $ 3,068,896
Other Revenue from prior yearUSD $ 21,435,243
Other Revenue from current yearUSD $ 26,237,037
Gross receipts from all sourcesUSD $ 93,060,570
Net assets / fund balances at end of fiscal yearUSD $ 153,612,039
Net assets / fund balances at beginning of fiscal yearUSD $ 138,989,805
Total liabilities at end of fiscal yearUSD $ 1,175,208,315
Total liabilities at beginning of fiscal yearUSD $ 845,044,480
Total assets at end of fiscal yearUSD $ 1,328,820,354
Total assets at beginning of fiscal yearUSD $ 984,034,285
Revenues less expenses for current yearUSD $ 10,656,132
Revenues less expenses for previous yearUSD $ 8,163,320
Total expenses for current yearUSD $ 81,796,863
Total expenses for previous yearUSD $ 79,161,902
Other expenses in current yearUSD $ 41,344,619
Other expenses in previous yearUSD $ 45,491,349
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 40,452,244
Employee salary and benefits paid in previous yearUSD $ 33,670,553
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 92,452,995
Total revenue in previous fiscal yearUSD $ 87,325,222
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 26,192,862
2018-12-31
Total unrelated business incomeUSD $ 1,203,432
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 52,195,514
Program Service Revenue from current yearUSD $ 57,350,941
Investment Income from prior yearUSD $ 4,237,141
Investment Income from current yearUSD $ 4,579,149
Other Revenue from prior yearUSD $ 12,080,072
Other Revenue from current yearUSD $ 18,373,887
Gross receipts from all sourcesUSD $ 81,028,069
Net assets / fund balances at end of fiscal yearUSD $ 127,389,516
Net assets / fund balances at beginning of fiscal yearUSD $ 121,462,331
Total liabilities at end of fiscal yearUSD $ 801,528,523
Total liabilities at beginning of fiscal yearUSD $ 745,646,730
Total assets at end of fiscal yearUSD $ 928,918,039
Total assets at beginning of fiscal yearUSD $ 867,109,061
Revenues less expenses for current yearUSD $ 6,998,426
Revenues less expenses for previous yearUSD $ 4,443,724
Total expenses for current yearUSD $ 73,305,551
Total expenses for previous yearUSD $ 64,069,003
Other expenses in current yearUSD $ 41,790,071
Other expenses in previous yearUSD $ 38,124,708
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 31,515,480
Employee salary and benefits paid in previous yearUSD $ 25,944,295
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 80,303,977
Total revenue in previous fiscal yearUSD $ 68,512,727
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 18,306,634
2017-12-31
Total unrelated business incomeUSD $ 546,648
Net unrelated business incomeUSD $ -1,688,626
Program Service Revenue from prior yearUSD $ 49,761,905
Program Service Revenue from current yearUSD $ 52,195,514
Investment Income from prior yearUSD $ 6,030,215
Investment Income from current yearUSD $ 4,237,141
Other Revenue from prior yearUSD $ 11,503,903
Other Revenue from current yearUSD $ 12,080,072
Gross receipts from all sourcesUSD $ 68,512,727
Net assets / fund balances at end of fiscal yearUSD $ 121,462,331
Net assets / fund balances at beginning of fiscal yearUSD $ 114,517,216
Total liabilities at end of fiscal yearUSD $ 745,646,730
Total liabilities at beginning of fiscal yearUSD $ 671,832,045
Total assets at end of fiscal yearUSD $ 867,109,061
Total assets at beginning of fiscal yearUSD $ 786,349,261
Revenues less expenses for current yearUSD $ 4,443,724
Revenues less expenses for previous yearUSD $ 7,530,055
Total expenses for current yearUSD $ 64,069,003
Total expenses for previous yearUSD $ 59,765,968
Other expenses in current yearUSD $ 38,124,708
Other expenses in previous yearUSD $ 36,378,700
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 25,944,295
Employee salary and benefits paid in previous yearUSD $ 23,387,268
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 68,512,727
Total revenue in previous fiscal yearUSD $ 67,296,023
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 11,995,196
2016-12-31
Total unrelated business incomeUSD $ 905,326
Net unrelated business incomeUSD $ -1,357,090
Program Service Revenue from prior yearUSD $ 50,444,993
Program Service Revenue from current yearUSD $ 49,761,905
Investment Income from prior yearUSD $ 6,424,448
Investment Income from current yearUSD $ 6,030,215
Other Revenue from prior yearUSD $ 1,227,295
Other Revenue from current yearUSD $ 11,503,903
Gross receipts from all sourcesUSD $ 99,683,985
Net assets / fund balances at end of fiscal yearUSD $ 114,517,216
Net assets / fund balances at beginning of fiscal yearUSD $ 107,957,148
Total liabilities at end of fiscal yearUSD $ 671,832,045
Total liabilities at beginning of fiscal yearUSD $ 655,832,636
Total assets at end of fiscal yearUSD $ 786,349,261
Total assets at beginning of fiscal yearUSD $ 763,789,784
Revenues less expenses for current yearUSD $ 7,530,055
Revenues less expenses for previous yearUSD $ 4,644,125
Total expenses for current yearUSD $ 59,765,968
Total expenses for previous yearUSD $ 53,452,611
Other expenses in current yearUSD $ 36,378,700
Other expenses in previous yearUSD $ 33,608,030
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 23,387,268
Employee salary and benefits paid in previous yearUSD $ 19,844,581
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 67,296,023
Total revenue in previous fiscal yearUSD $ 58,096,736
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 11,503,903
2015-12-31
Total unrelated business incomeUSD $ 1,045,111
Net unrelated business incomeUSD $ -1,154,818
Program Service Revenue from prior yearUSD $ 45,950,122
Program Service Revenue from current yearUSD $ 50,444,993
Investment Income from prior yearUSD $ 6,173,179
Investment Income from current yearUSD $ 6,424,448
Other Revenue from prior yearUSD $ 503,162
Other Revenue from current yearUSD $ 1,227,295
Gross receipts from all sourcesUSD $ 118,054,606
Net assets / fund balances at end of fiscal yearUSD $ 107,957,148
Net assets / fund balances at beginning of fiscal yearUSD $ 102,255,699
Total liabilities at end of fiscal yearUSD $ 655,832,636
Total liabilities at beginning of fiscal yearUSD $ 594,601,074
Total assets at end of fiscal yearUSD $ 763,789,784
Total assets at beginning of fiscal yearUSD $ 696,856,773
Revenues less expenses for current yearUSD $ 4,644,125
Revenues less expenses for previous yearUSD $ 6,738,600
Total expenses for current yearUSD $ 53,452,611
Total expenses for previous yearUSD $ 45,887,863
Other expenses in current yearUSD $ 33,608,030
Other expenses in previous yearUSD $ 29,366,484
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 19,844,581
Employee salary and benefits paid in previous yearUSD $ 16,521,379
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 58,096,736
Total revenue in previous fiscal yearUSD $ 52,626,463
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,227,295
2014-12-31
Total unrelated business incomeUSD $ 503,162
Net unrelated business incomeUSD $ -1,158,335
Program Service Revenue from prior yearUSD $ 45,394,821
Program Service Revenue from current yearUSD $ 45,950,122
Investment Income from prior yearUSD $ 6,197,711
Investment Income from current yearUSD $ 6,173,179
Other Revenue from prior yearUSD $ 619,829
Other Revenue from current yearUSD $ 503,162
Gross receipts from all sourcesUSD $ 115,141,259
Net assets / fund balances at end of fiscal yearUSD $ 102,255,699
Net assets / fund balances at beginning of fiscal yearUSD $ 86,621,769
Total liabilities at end of fiscal yearUSD $ 594,601,074
Total liabilities at beginning of fiscal yearUSD $ 587,854,761
Total assets at end of fiscal yearUSD $ 696,856,773
Total assets at beginning of fiscal yearUSD $ 674,476,530
Revenues less expenses for current yearUSD $ 6,738,600
Revenues less expenses for previous yearUSD $ 9,387,032
Total expenses for current yearUSD $ 45,887,863
Total expenses for previous yearUSD $ 42,825,329
Other expenses in current yearUSD $ 29,366,484
Other expenses in previous yearUSD $ 26,733,160
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 16,521,379
Employee salary and benefits paid in previous yearUSD $ 16,092,169
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 52,626,463
Total revenue in previous fiscal yearUSD $ 52,212,361
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 503,162

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 380481580

USA Mailing Address
27000 EVERGREEN
LATHRUP VILLAGE
MI
48076
Date first seen: 2007-01-01
Date last seen: 2024-08-31
USA Location Address
27000 EVERGREEN
LATHRUP VILLAGE
MI
48076
Date first seen: 2007-01-01
Date last seen: 2024-08-31
USA Mailing Address
27000 EVERGREEN RD
LATHRUP VILLAGE
MI
480763231
Date first seen: 2018-10-12
Date last seen: 2019-07-16
USA Location Address
27000 EVERGREEN RD
LATHRUP VILLAGE
MI
480763231
Date first seen: 2018-10-12
Date last seen: 2022-07-27

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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