4Front Credit Union
Nonprofit profile at a glance
- EIN
- 381524350
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Traverse City, MI, USA
- Phone
- 800-765-0110
- Rating confidence
- Limited
Reported finances
- Revenue
- $76,251,267
- Expenses
- $76,831,381
- Assets
- $1,028,814,833
- Liabilities
- $943,339,336
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- ANDREW KEMPF (CEO)
Highest reported compensation
- ANDREW KEMPF (CEO): $637,309 total reported compensation
- KARL PAGEL (CFO): $399,756 total reported compensation
- GEOFF STREIT (VP COMMERCIAL LENDING): $395,661 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission isn’t to make money for shareholders at your expense; it’s to do everything we can to ensure the financial needs of our members are met and their expectations exceeded. Wherever you are on your financial journey, we make banking smart and simple. 4Front Credit Union and Old Mission Bank announce that the two organizations have signed a definitive purchase and assumption agreement for 4Front Credit Union to acquire the assets and assume the liabilities of Old Mission Bank, including Old Mission's branches in Sault Ste. Marie and Pickford, Michigan. Credit union expands to give back more - March 3, 2022 Giving back is what we stand for, which is why 4Front Credit Union is pleased to introduce the community to the newly established 4Front Foundation. Founded in 2021, the Foundation aids nonprofits in providing services to the community and supports education through...
What it reported doing in 2024
The credit union provides several deposit account types to members including savings, checking, certificates of deposits and others. The total number of members at 12/31/24 was 105,437.
Operating model
- Revenue model
- Other-operating. 94% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 88
- Accountability: 86
- Sustainability: 43
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -0.8%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 13.39; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.92; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 3.6%; rating input score 29; 29th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 14.5% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 13.3% per year; rating input score 100; 82nd percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 9 board members independent · 6 of 9 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $637K · 19 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5.1M reported
- Consistency: 11 of 11 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- High — Sustainability: Officer compensation ratio scored 29/100.