Credit Unions Chartered in the State of
Based in Frankenmuth, Michigan, CREDIT UNIONS CHARTERED IN THE STATE OF is identified in its filing as a Form 990 (a public charity). The credit union’s stated purpose is to provide financial services to its members; its affiliated FCU Foundation for Our Communities makes grants to promote the betterment of local communities.
Key facts about Credit Unions Chartered in the State of
- EIN
- 38-1796409
- Latest 990 filing
- Form 990 filing, 2024
- Total assets
- $1,417,197,837
- Deadline
- May 10, 2026, for the listed grant cycle; this deadline has passed.
Data from IRS Form 990 filing, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990 filing · View filing
Total Assets
$1.4B
+7.6% YoY
Revenue
$103.2M
+19.3% YoY
Net Investment Income
$6.9M
+83.5% YoY
Expenses
$91.2M
+15.9% YoY
Mission & Focus Areas
The credit union’s stated mission is to provide safe, convenient, cost-effective services for the financial well-being of the credit union and its members, and to grow trusted relationships through personalized financial solutions.
The Foundation supports charitable purposes that further the betterment of communities served by Frankenmuth Credit Union. Its funding targets are 30% for youth-related purposes, 40% for community-related purposes and 30% for other purposes. Examples on the Foundation’s website include equipment and facility-related projects, such as fire department equipment, playground equipment, robotics equipment, school resources and park improvements.
Examples of supported organizations include the Frankenmuth Farmers Market, whose stated mission is to connect local growers, producers and consumers and support rural heritage and community; the Frankenmuth Historical Association, which says it promotes knowledge and appreciation of local heritage; and the Saginaw Symphony Association, which says it creates experiences through symphonic music. These are the grantees’ stated missions, not the Foundation’s.
The credit union also awards scholarships. Its 2024 filing describes annual scholarships for graduating high school seniors who are members, with selection based on extracurricular activities and an essay. The 2026 scholarship guide lists awards for college-bound students and skilled-trade students.
Grantmaking
The Foundation reports donating more than $438,300 to over 400 community causes in 2025, and more than $4.6 million since 2014. The credit union’s 2024 filing lists a grant count of zero for 2022, 2023 and 2024; the filing figures and the Foundation’s reported donations are distinct disclosures.
Review Cycle
May 10, 2026, for the listed grant cycle; this deadline has passed.
Open Grants
1 open opportunity from Credit Unions Chartered in the State of
Ready to take the next step with Credit Unions Chartered in the State of?
Geographic Focus
Where this funder awards grants
The Foundation says it serves the credit union’s field of membership, including Bad Axe, Bay City, Birch Run, Bridgeport, Buena Vista, Caro, Cass City, Elkton, Fairgrove, Flint, Frankenmuth, Frankentrost, Freeland, Gagetown, Harbor Beach, Hemlock, Juniata, Kingston, Linwood, Marlette, Mayville, Midland, Millington, Munger, Otisville, Owosso, Pigeon, Reese, Richville, Rockford, Saginaw, Sebewaing, Spaulding, Thomas Township, Tuscola, Vassar and West Branch, Michigan.
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2021 it made 16 grants totaling $309K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 16 grants of 16 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Financial History
Multi-year comparison from IRS filings
The figures below are reported in the credit union’s filings.
| Filing year | Assets | Revenue | Expenses | Grant count |
|---|---|---|---|---|
| 2024 | $1,417,197,837 | $103,161,140 | $91,173,483 | 0 |
| 2023 | $1,317,110,032 | $86,447,275 | $78,645,946 | 0 |
| 2022 | $1,198,115,228 | $70,580,613 | $56,921,620 | 0 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,417,197,837 | $1,317,110,032 | $1,198,115,228 |
| Revenue | $103,161,140 | $86,447,275 | $70,580,613 |
| Expenses | $91,173,483 | $78,645,946 | $56,921,620 |
| Net Investment Income | $6,855,136 | $3,736,529 | $1,156,597 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Timothy Hildner as chairperson; Jill Catterfeld as vice chairperson; Brian Dixon as treasurer; Richard Reif as secretary; Michael Fassezee, Dan Lemke, Scot Putzig, Karina Spencer and Chris Frank as directors; and Vickie Schmitzer as CEO.
Credit Unions Chartered in the State of is led by Eric Neumeyer, CEO of Mmia since 2024 (on filings since 2020); 8 of 17 officers listed in 2024 are compensated.
Officers on the 2024 filing
Eric Neumeyer
CEO of Mmia
CEO of Cuso → CEO of Mmia, 2024
On filings since 2020
40 hrs/week
$203K (2020) → $225K (2024)
Vickie Schmitzer
CEO
On filings since 2020
54 hrs/week
$609K (2020) → $875K (2024)
Timothy Hildner
Chairperson
On filings since 2020
3.8 hrs/week
No compensation reported
Michael Fassezee
Director
On filings since 2020
1.6 hrs/week
No compensation reported
Scot Putzig
Director
On filings since 2020
1 hr/week
No compensation reported
Dan Lemke
Director
On filings since 2021
1.4 hrs/week
No compensation reported
Karina Spencer
Director
On filings since 2021
1.3 hrs/week
No compensation reported
Chris Frank
Director
On filings since 2022
0.9 hrs/week
No compensation reported
Brad Gnatkowski
Mortgage Originator
On filings since 2020
40 hrs/week
$486K (2020) → $236K (2024)
Daniel Wortman
Insurance Sales
On filings since 2020
40 hrs/week
$223K (2020) → $233K (2024)
Donna Haubenstricker
Vice President of Finance
On filings since 2020
45 hrs/week
$256K (2020) → $255K (2024)
Robert Robinson
Insurance Sales
On filings since 2020
40 hrs/week
$302K (2020) → $319K (2024)
Steve Witt
Insurance Sales
On filings since 2020
40 hrs/week
$186K (2020) → $220K (2024)
William Watchorn
Mortgage Originator
On filings since 2020
40 hrs/week
$561K (2020) → $231K (2024)
Brian Dixon
Treasurer
On filings since 2020
1.8 hrs/week
No compensation reported
Jill Catterfeld
Vice Chairperson
On filings since 2020
0.9 hrs/week
No compensation reported
Richard Reif
Secretary
On filings since 2020
3.1 hrs/week
No compensation reported
Former officers (11)
- Former: Victoria Degrace (2020–2023) — Director of Credit Solutions & Recovery
- Former: Amy Zehnder-Grossi (2020–2021) — Director -
- Former: Cheryl Loeffler (2020–2021) — Director -
- Former: Craig Marcoux (2020–2021) — Mortgage Originator
- Former: Lee Ann Peterson (2020–2021) — Insurance Sales
- Former: Tiffany Lobodzinski (2020–2021) — Director
- Former: Bridget Cook (2021) — Director of Mortgages
- Former: Michael Olgaard (2021) — Commercial Loan Officer
- Former: Debra Olmstead (2020) — Mortgage Closing Supervisor
- Former: Hollie Britton (2020) — Director of Project Management
- Former: Peter Bender (2020) — Chairperson -
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $875K, to Vickie Schmitzer (CEO). 8 officers or directors reported compensation on that filing.
Contact
Mailing address: PO Box 209, Frankenmuth, MI 48734
Phone: (989) 497-1600
Website: https://frankenmuthcu.org
Frequently asked questions about Credit Unions Chartered in the State of
How large is Credit Unions Chartered in the State of?
Credit Unions Chartered in the State of reported $1.4B in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $103.2M.
What does Credit Unions Chartered in the State of fund?
The credit union’s stated mission is to provide safe, convenient, cost-effective services for the financial well-being of the credit union and its members, and to grow trusted relationships through personalized financial solutions. See mission & focus areas ↑
How do I apply for a grant from Credit Unions Chartered in the State of?
Credit Unions Chartered in the State of has no public application process in the sources Grantable reviewed. Check frankenmuthcu.org for current guidelines, or contact the foundation directly before submitting a request.
Where does Credit Unions Chartered in the State of make grants?
The Foundation says it serves the credit union’s field of membership, including Bad Axe, Bay City, Birch Run, Bridgeport, Buena Vista, Caro, Cass City, Elkton, Fairgrove, Flint, Frankenmuth, Frankentrost, Freeland, Gagetown, Harbor Beach, Hemlock, Juniata, Kingston, Linwood, Marlette, Mayville, Midland, Millington, Munger, Otisville, Owosso, Pigeon, Reese, Richville, Rockford, Saginaw, Sebewaing, Spaulding, Thomas Township, Tuscola, Vassar and West Branch, Michigan.
What is Credit Unions Chartered in the State of's EIN?
Credit Unions Chartered in the State of's EIN (Employer Identification Number) is 38-1796409. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Here's the math on researching Credit Unions Chartered in the State of by hand.
Explore Open Grants
Browse active grant opportunities in Credit Unions Chartered in the State of's focus areas in our free grants database
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