PFCU
The mission of PFCU is to deliver financial well-being to its members by providing comprehensive and progressive financial services at fair and reasonable rates and terms accompanied by first-rate service.
PFCU at a glance
In short: PFCU gave $57K across 4 grants in 2025 (avg $14K), mostly in Michigan. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $56,550
- -22.4% vs 2024
- Grants made (2025)
- 4
- -20.0% vs 2024
- Average grant
- $14,138
- -3.0% vs 2024
- Median grant
- $12,025
- Total assets
- $834,245,780
- +2.0% vs 2024
- Primary geography
- Michigan (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to PFCU
Open Grants
1 open opportunity from PFCU
Who PFCU funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was PFCU Foundation ($25K). Together the top 4 received $57K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How PFCU gives
- Giving grew 99% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $24K (2021) to $73K (2024). In 2025 it made 4 grants totaling $57K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| PFCU Foundation Portland, MI | Charitable contribution to empower individuals and communities by providing tools and resources that promote financial literacy, health and wellness, and sustainable agriculture | $25,000 |
| Junior Achievement Grand Rapids, MI | Charitable contribution to the organization in support of its mission to inspire and prepare young people for success | $12,050 |
| Ionia Free Fair Association Ionia, MI | Charitable contribution to the organization in support of the annual agricultural fair that is free for all to attend | $12,000 |
| Caledonia Community Schools Caledonia, MI | Charitable contribution to support the schools in being a high-quality early learning experience that supports academic, social, and emotional growth | $7,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $834,245,780 | $51,984,339 | $44,478,353 | $56,550 | 4 | $7,765,227 |
| 2024 | $818,132,214 | $48,550,081 | $43,216,908 | $72,850 | 5 | $7,437,682 |
| 2023 | $807,318,625 | $42,104,836 | $38,372,237 | $29,614 | 4 | $5,162,334 |
| 2022 | $790,319,803 | $35,812,251 | $30,020,235 | $28,380 | 4 | $3,375,768 |
| 2021 | $778,796,004 | $33,015,111 | $26,755,809 | $23,560 | 3 | $2,570,007 |
| 2020 | $691,413,181 | $31,747,235 | $29,215,869 | $47,323 | Total only | $2,647,135 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About PFCU
Based on IRS filings
PFCU is a public charity focused on N/A, based in Portland, MI. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $834.2M in total assets. In 2025, it awarded 4 grants totaling $57K. Net investment income was $7.8M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
PFCU is led by Michele Makley, Chief Executive Officer since 2024 (on filings since 2020); 7 of 15 officers listed in 2025 are compensated.
Officers on the 2025 filing
Michele Makley
Chief Executive Officer
Executive Vice President → CEO, 2023
CEO → Chief Executive Officer, 2024
On filings since 2020
40 hrs/week
$183K (2020) → $392K (2025)
Michael Ward
Chairperson
On filings since 2020
1 hr/week
No compensation reported
Tammy L. Bengel
Chief Financial Officer
CFO → Chief Financial Officer, 2024
On filings since 2020
40 hrs/week
$159K (2020) → $253K (2025)
Sean Krebs
Chief Technology Officer
Senior Vice President It → Chief Technology Officer, 2024
On filings since 2022
40 hrs/week
$122K (2022) → $168K (2025)
Theresa Burgess
Chief Member Experience of
Senior Vice President Member Experience → Chief Member Experience Officer, 2024
Chief Member Experience Officer → Chief Member Experience of, 2025
On filings since 2022
40 hrs/week
$141K (2022) → $189K (2025)
Joseph Krieger
Executive Vice President
On filings since 2023
40 hrs/week
$203K (2023) → $268K (2025)
Leanne Hixson
Chief Lending Officer
Vice President of Lending → Chief Lending Officer, 2024
On filings since 2023
40 hrs/week
$147K (2023) → $201K (2025)
Laura Sorenson
Vice President of Marketing
New on the 2025 filing
40 hrs/week
$169K (2025)
Chad Burke
Vice Chairperson
Bod Member → Vice Chairperson, 2022
On filings since 2020
1 hr/week
No compensation reported
Erin Gorman
Bod Member
On filings since 2020
1 hr/week
No compensation reported
Christine Rockey
Secretary
Bod Member → Secretary, 2023
On filings since 2022
1 hr/week
No compensation reported
John Kutas
Bod Member
On filings since 2022
1 hr/week
No compensation reported
Leo Madarang
Bod Member
On filings since 2022
1 hr/week
No compensation reported
Terry Gregoricka
Tresurer
On filings since 2023
1 hr/week
No compensation reported
Holly Ridenour
Bod Member
On filings since 2024
1 hr/week
No compensation reported
Former officers (15)
- Former: Gursimran Virk (2023–2024) — Chief Risk Officer
- Former: Robert Carlton (2024) — Bod Member
- Former: Frank Mason (2020–2023) — Treasurer
- Former: Harvey Hoskins (2020–2023) — CEO - Former
- Former: Robyn Heron (2021–2023) — Vice President of Marketing
- Former: Joe Krieger (2020–2022) — Senior Vice President Lending
- Former: Dan Schrauben (2022) — Secretary
- Former: Heather Spitzley (2022) — Senior Vice President Hr
- Former: Anna Willson (2020–2021) — Senior Vice President Projects
- Former: Brad McFaul (2020–2021) — Vice Chairperson
- Former: Cicely Vawter (2020–2021) — Senior Vice President Information Technology
- Former: Daniel Schrauben (2020–2021) — Secretary
- Former: Elizabeth Blundy (2020–2021) — Senior Vice President of Human Resources
- Former: Ronald Green (2020–2021) — Bod Member
- Former: Virgil Budd (2020–2021) — Bod Member
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $392K, to Michele Makley (Chief Executive Officer). 7 officers or directors reported compensation on that filing.
Frequently asked questions about PFCU
How much does PFCU give each year?
PFCU gave $57K across 4 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $73K across 5 grants.
What is PFCU's typical grant size?
PFCU's median grant in 2025 was $12,025, and its average grant was $14,138, across 4 grants on its 2025 IRS Form 990.
Where does PFCU give grants?
PFCU gives mostly in Michigan: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there.
Does PFCU give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on PFCU's 2025 IRS Form 990 were described as general or operating support.
How large is PFCU?
PFCU reported $834.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $52.0M.
What is PFCU?
PFCU is a public charity focused on N/A, based in Portland, MI. It holds $834.2M in total assets as of 2025.
What is PFCU's EIN?
PFCU's EIN (Employer Identification Number) is 38-1379433. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS October 4, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in PFCU's focus areas in our free grants database
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