Monroe Community Credit Union
Legal name: Credit Unions Chartered in the State of Michigan Monroe Community Credit Union
Nonprofit profile at a glance
- EIN
- 381449622
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Monroe, MI, United States
- Phone
- (734) 242-3222
- Rating confidence
- Limited
Reported finances
- Revenue
- $20,422,600
- Expenses
- $15,859,895
- Assets
- $365,217,624
- Liabilities
- $330,128,027
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- KRISTINE BRENNER (PRESIDENT/CEO)
Highest reported compensation
- KRISTINE BRENNER (PRESIDENT/CEO): $357,837 total reported compensation
- AARON MASON (VP/CLO): $206,421 total reported compensation
- AMY ZANGARA (SVP/CHIEF CULTURE & BRAND): $204,977 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Monroe Community Credit Union is a friendly, community-based, not-for-profit financial institution committed to helping the people who live, work, worship, or attend school in the State of Michigan and Ohio counties of Fulton, Lucas, and Wood. Monroe Community Credit Union is a critical part of the communities we serve. As a not-for-profit financial institution, our day job is to provide exceptional banking services to each and every member of our credit union, but our real passion is to make an impact in the lives of each and every member of our community. Together with our employees, volunteers, and members, we don’t just serve the community, we are the community. Our Story We are a locally owned and operated financial institution. We have protected the finances of residents and employees in Michigan since 1953, and our long history has established us as a trusted financial...
What it reported doing in 2024
Overdraft protection/courtesy pay
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program 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: 71
- Accountability: 95
- Sustainability: 73
- 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; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- 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; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 22.3%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 23.03; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.9; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 7.6%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.8% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 7.5% per year; rating input score 100; 52nd 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: 7 of 7 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $358K · 14 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $2.9M reported
- Consistency: 12 of 12 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.