Mission
The Michigan Credit Union Foundation (MCUF) cooperatively empowers credit unions to increase financial well-being by supporting community enrichment, financial education, and credit union development initiatives.
Basic Information
Tax-Exempt
Founded in
1954
EIN
38-6066911
Total Assets
$1.096 million
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
Showing 3 of 4 goals
At a Glance
Community Enrichment Grants
Supporting essential community initiatives focused on financial inclusion.
Financial Education Programs
Engaging financial education programs help develop young people's financial literacy.
MCUF Impact Report
A comprehensive report outlining the impact of MCUF's initiatives.
Impact Stats
N/A
Community Enrichment Grants Distributed
Investment in Community Enrichment
Funding community enrichment projects that improve the financial well-being of Michigan families.
N/A
Number of Financial Education Programs Held
Financial Education Initiatives
Provided comprehensive financial education programs for various demographics.
N/A
Assistance Initiatives Launched
Support for Low-Income Communities
Assisted underserved communities through financial wellness and counseling support.
Past Events
Annual Legislative Conference
2023-05-01
Learned about legislative updates affecting credit unions at the MCUL's Annual Legislative Conference.
MCUL Networking Event
2023-07-15
Networking and collaboration event for industry professionals.
Credit Union Growth Forum
2023-09-10
Discussion on financial trends and credit union growth.
Upcoming Events
CUES Holiday Luncheon
2024-12-06
An annual luncheon providing networking opportunities and celebrating the holiday season.
Learn MoreAmerica's Credit Unions GAC
2025-03-02
Government Affairs Conference focused on policy and advocacy.
Learn MoreOur Programs
Financial Reality Fairs
Interactive experiences designed to educate participants on budgeting and financial planning.
Learn MoreImpact Reports
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
56
62
/100
Program Expense Ratio
93.76%
20
/20
Program Revenue Growth
0.00%
2
/20
Leverage Ratio
0.01229
20
/20
Working Capital Ratio
4.656
18
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2022
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 331.2K | 95.42% |
| Program Services | 0 | 0.00% |
| Investment Income | 15.89K | 4.58% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 0 | 0.00% |
| Total Revenue | 347.1K | 100.00% |
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