Credit Unions Chartered In The State Of Michigan

Organization Overview

Credit Unions Chartered In The State Of Michigan, operating under the name Advia Credit Union, is located in Kalamazoo, MI. The organization was established in 1956. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Advia Credit Union employed 718 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Advia Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Advia Credit Union generated $117.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $85.4m during the year ending 12/2021. While expenses have increased by 6.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Advia Credit Union has awarded 11 individual grants totaling $162,464. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FINANCIAL ADVANTAGES TO OUR MEMBERS THROUGH THE OFFERING OF A FULL RANGE OF FINANCIAL PRODUCTS AND SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LOW-COST COMPETITIVE LENDING PRODUCTS (INTEREST INCOME)


LOW-COST PAYMENT SOLUTIONS (DEBIT/CREDIT INTERCHANGE)


COMPETITIVE MEMBERSHIP AND ACCOUNT-RELATED FEES (OVERDRAFT/NSF FEES)


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Granger Constructions
General Contractor For Hq
$14,666,898
Cu Cooperative
Financial Services-cards
$2,287,319
Q2 Software Inc
Software Provider
$1,247,321
James And Matthew Company
Marketing
$1,491,255
Trellis Partners Llc
Office Furniture
$1,456,262
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$110,843,985
Investment income $5,983,670
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $387,872
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $117,215,527

Grants Awarded

Over the last fiscal year, Credit Unions Chartered In The State Of Michigan has awarded $64,819 in support to 3 organizations.

Grant RecipientAmount

KALAMAZOO BASEBALL LLC

PURPOSE: ATHLETIC SPONSORSHIP

$27,758

WESTERN MICHIGAN UNIVERISTY

Org PageRecipient Profile

Kalamazoo, MI

PURPOSE: ATHLETIC SPONSORSHIP

$23,800

BC BOMBERS- CEREAL CITY BASEBALL

PURPOSE: ATHLETIC SPONSORSHIP

$13,261
View Grant Profile

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