Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union
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 Michigan Frankenmuth Credit Union
In short: Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union gave $69K across 5 grants in 2024 (avg $14K), mostly in Michigan. Source: 2024 IRS Form 990.
- EIN
- 38-1796409
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $69,375
- Grants made (2024)
- 5
- Average grant
- $13,875
- Median grant
- $10,000
- Total assets
- $1,417,197,837
- Primary geography
- Michigan (100% of itemized 2024 grant dollars)
- Deadline
- May 10, 2026, for the listed grant cycle; this deadline has passed.
Data from IRS Form 990, 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 · View filing
Total Assets
$1.4B
+7.6% YoY
Annual Giving
$69K
-66.8% YoY
Grant Count
5
-61.5% YoY
Avg Grant Size
$14K
-13.8% YoY
How Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union gives
- Giving fell 78% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
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.
Examples of 2021 grants include $34,409 to Saginaw Community Foundation, $20,448 to Frankenmuth Farmers Market, $15,800 to Frankenmuth Historical Association, $15,000 to Huron County Community Foundation and $10,000 to Saginaw Symphony Association.
The Foundation considers organizations meeting IRS guidelines for 501(c)(3) and/or 501(c)(4) status. Requests must serve a need within the credit union’s field of membership and support charitable purposes benefiting its communities. The Foundation gives consideration to entities or members with an established relationship with the credit union. Funds cannot be used for current general operating or maintenance expenses, to support one religion over another, or to support a particular political representative, party or cause. Individuals are not funded except through scholarships.
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 Michigan Frankenmuth Credit Union
Ready to take the next step with Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union?
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
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $46K (2022) to $309K (2021). In 2024 it made 5 grants totaling $69K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Vassar Music Boosters ($26K). Together the top 5 received $69K.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was under $50K: 38 grants of 38 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vassar Music Boosters Vassar, MI | New Band Uniforms | $26,000 |
| Heritage Athletic Association Saginaw, MI | Time Clock | $20,375 |
| Hemlock Community Pep Club Hemlock, MI | 18TH Annual Huskie Ball | $10,000 |
| Ram Products Frankenmuth, MI | Sponsorship for Oktoberfest and Music Fest | $7,000 |
| Marathon TWP Community Park Columbiaville, MI | Community Park Improvements | $6,000 |
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
- Added Form 990 for fiscal year 2019 (received by the IRS August 31, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS September 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 27, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 23, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 6, 2025)
- 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 Michigan Frankenmuth Credit Union is led by Eric Neumeyer, CEO of Mmia since 2024 (on filings since 2019); 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 2019
40 hrs/week
$180K (2019) → $225K (2024)
Vickie Schmitzer
CEO
On filings since 2019
54 hrs/week
$611K (2019) → $875K (2024)
Timothy Hildner
Chairperson
Director → Chairperson, 2020
On filings since 2019
3.8 hrs/week
No compensation reported
Michael Fassezee
Director
On filings since 2019
1.6 hrs/week
No compensation reported
Scot Putzig
Director
On filings since 2019
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 2019
40 hrs/week
$199K (2019) → $236K (2024)
Daniel Wortman
Insurance Sales
Insurance Cuso Management → Insurance Sales, 2020
On filings since 2019
40 hrs/week
$219K (2019) → $233K (2024)
Donna Haubenstricker
Vice President of Finance
On filings since 2019
45 hrs/week
$228K (2019) → $255K (2024)
Robert Robinson
Insurance Sales
Insurance Cuso Management → Insurance Sales, 2020
On filings since 2019
40 hrs/week
$284K (2019) → $319K (2024)
William Watchorn
Mortgage Originator
On filings since 2019
40 hrs/week
$289K (2019) → $231K (2024)
Steve Witt
Insurance Sales
On filings since 2020
40 hrs/week
$186K (2020) → $220K (2024)
Brian Dixon
Treasurer
On filings since 2019
1.8 hrs/week
No compensation reported
Jill Catterfeld
Vice Chairperson
On filings since 2019
0.9 hrs/week
No compensation reported
Richard Reif
Secretary
On filings since 2019
3.1 hrs/week
No compensation reported
Former officers (14)
- Former: Victoria Degrace (2019–2023) — Director of Credit Solutions & Recovery
- Former: Amy Zehnder-Grossi (2019–2021) — Director -
- Former: Bridget Cook (2019–2021) — Director of Mortgages
- Former: Cheryl Loeffler (2019–2021) — Director -
- Former: Craig Marcoux (2019–2021) — Mortgage Originator
- Former: Tiffany Lobodzinski (2019–2021) — Director
- Former: Lee Ann Peterson (2020–2021) — Insurance Sales
- Former: Michael Olgaard (2021) — Commercial Loan Officer
- Former: Hollie Britton (2019–2020) — Director of Project Management
- Former: Peter Bender (2019–2020) — Chairperson -
- Former: Debra Olmstead (2020) — Mortgage Closing Supervisor
- Former: Greg Wischmeyer (2019) — CEO of Cuso
- Former: James Bickel (2019) — Vice President of Business Services
- Former: Steven Masker (2019) — Financial Advisor
Data from IRS Form 990 filings, 2019–2024. "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 Michigan Frankenmuth Credit Union
How much does Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union give each year?
Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union gave $69K across 5 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $209K across 13 grants.
What is Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union's typical grant size?
Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union's median grant in 2024 was $10,000, and its average grant was $13,875, across 5 grants on its 2024 IRS Form 990.
Where does Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union give grants?
Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union gives mostly in Michigan: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there.
Does Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union's 2024 IRS Form 990 were described as general or operating support.
Who are Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union's largest grantees?
Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union's largest 2024 grantees include Vassar Music Boosters ($26,000), Heritage Athletic Association ($20,375) and Hemlock Community Pep Club ($10,000), according to its 2024 IRS Form 990. Together they received 81% of its itemized 2024 grant dollars.
How large is Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union?
Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union reported $1.4B in total assets on its 2024 IRS Form 990. Its revenue that year was $103.2M.
What does Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union 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 Michigan Frankenmuth Credit Union?
Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union 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.
What is Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union's EIN?
Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union's EIN (Employer Identification Number) is 38-1796409. IRS Form 990 filing data is available on this page for 2019–2024.
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 Michigan Frankenmuth Credit Union by hand.
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