MICHIGAN LEGACY CREDIT UNION Charity Report

Public IRS 990 nonprofit record

MICHIGAN LEGACY CREDIT UNION

EIN 38-1295875 · Mutual & Membership Benefit (Y)

What they do

MICHIGAN LEGACY CREDIT UNION is COMMITTED to BUILDING and MAINTAINING RELATIONSHIPS UTILIZING HONESTY, INTEGRITY, and TRUST to BECOME OUR MEMBERS FIRST CHOICE for ALL FINANCIAL NEEDS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders13 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

81.94%of revenue went to mission work83.7% of expenses · Program services

$90.28spent for every $100 of revenueRevenue covered expenses this year.

15.98%of revenue went to management and office costs16.3% of expenses

$18.32in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $461,063 for CARMA PETERS (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$8,005,186

Mission workProgram services$6,559,71181.94% of revenue83.7% of expenses

ManagementOffice and general costs$1,279,15015.98% of revenue16.3% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$166,3252.08% of revenueShown in gray on the chart

Total expenses$7,838,86197.92% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Money in and money out

Revenue$12,669,573

Expenses$11,437,868

Annual surplus $1,231,705 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$6,559,711 · 57.4% of expenses

Management and office costs$1,279,150 · 11.2% of expenses

See all reported dollar amounts

Revenue$12,669,573

Expenses$11,437,868

Assets$209,486,103

Income$12,669,573

Mission work (program services)$6,559,711

Stocks and bonds$17,736,593

Accounting fees$124,475

Investing fees$167,150

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CARMA PETERSCEO · 40 hrs/week $461,063Base $446,923 · Other $14,140

GARY LEACHCOO · 40 hrs/week $444,168Base $430,639 · Other $13,529

CHRISTINA HUDZINSKIVP OF HR AND TRAINING · 40 hrs/week $128,666Base $121,202 · Other $7,464

PAT ESPERVP OF ASSET RECOVERY · 40 hrs/week $118,707Base $111,695 · Other $7,012

CHAD RICHVP OF DATA ANALYTICS · 40 hrs/week $117,204Base $110,191 · Other $7,013

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (13)

CARMA PETERSCEO

GARY LEACHCOO

CHRISTINA HUDZINSKIVP OF HR AND TRAINING

PAT ESPERVP OF ASSET RECOVERY

CHAD RICHVP OF DATA ANALYTICS

BRUCE CROSSMANDIRECTOR

DENNIS DAVIDDIRECTOR

ELLEN SAMYNDIRECTOR

JEANETTE MCCOMBDIRECTOR

JOHN WISTDIRECTOR

JONATHAN BARROSODIRECTOR

KEVIN GOLDENDIRECTOR

RONALD GROBBELDIRECTOR

About this charity

Recognized since: January 1956
Location: 269 OAK ST, WYANDOTTE, MI 48192-5126
County: Wayne
In care of: % MICHIGAN LEGACY CREDIT UNION
Primary officer: CARMA PETERS, CEO

How to reach them

WebsiteVisit the charity’s website Phone(734) 285-0600

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: Mutual & Membership Benefit (Y)
IRS tax category: Mutual & Membership Benefit