Dow Credit Union
Midland, MI · EIN 38-0495567 · Rank 4,700 by total revenue
Dow credit union is a principles-based financial cooperative committed to exceptional service, convenience, value and security operating in accordance with the michigan credit union act.
Money, Form 990 for tax year 2024
- Total revenue
- $117,116,968
- Total expenses
- $110,668,603
- Total assets
- $2,387,960,968
- Salary base (all salaries and wages)
- $15,438,327
- Salaries, other pay and benefits
- $19,255,669
- Employees
- 218
- Salary base per employee
- $70,818
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (13)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Michael Goad | CHIEF EXECUTIVE OFFICER | Officer | 40 | $1,391,543 |
| Mark Gandy | CHIEF INFORMATION OFFICER | Officer | 40 | $465,663 |
| Sanjay Ahluwalia | CHIEF FINANCIAL OFFICER | Officer | 40 | $462,218 |
| Lisa McKenney | BOARD CHAIRMAN | Board, Officer | 4 | None reported |
| Shandell Massey | BOARD VICE CHAIRMAN | Board, Officer | 4 | None reported |
| Perry Holmom | SECRETARY/TREASURER | Board, Officer | 4 | None reported |
| Elton Brooks | VP OF RETAIL AND LENDING | Key employee | 40 | $416,326 |
| Sheila Wright | VP OF HUMAN RESOURCES | Key employee | 40 | $400,935 |
| Mark Bachman | BOARD MEMBER | Board | 4 | None reported |
| Lisa Bryant | BOARD MEMBER | Board | 4 | None reported |
| Jeremy Preston | BOARD MEMBER | Board | 4 | None reported |
| Mike Kapp | BOARD MEMBER | Board | 4 | None reported |
| Gary McGuire | BOARD MEMBER | Board | 4 | None reported |
Top 10 paid people listed
These 10 people received $4,143,904, which is 26.8% of the $15,438,327 salary base shared by 218 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Michael Goad | CHIEF EXECUTIVE OFFICER | Officer | 40 | $734,463 | $0 | $657,080 | $1,391,543 |
| Mark Gandy | CHIEF INFORMATION OFFICER | Officer | 40 | $360,291 | $0 | $105,372 | $465,663 |
| Sanjay Ahluwalia | CHIEF FINANCIAL OFFICER | Officer | 40 | $344,350 | $0 | $117,868 | $462,218 |
| Elton Brooks | VP OF RETAIL AND LENDING | Key employee | 40 | $315,423 | $0 | $100,903 | $416,326 |
| Sheila Wright | VP OF HUMAN RESOURCES | Key employee | 40 | $295,848 | $0 | $105,087 | $400,935 |
| Jeffrey Ehrlich | DIRECTOR OF LENDING | Highly paid employee | 40 | $191,699 | $0 | $22,821 | $214,520 |
| Lisa Gray | DIRECTOR OF SERVICES GOVERNANCE | Highly paid employee | 40 | $180,062 | $0 | $32,386 | $212,448 |
| Alison Taylor | CONTROLLER | Highly paid employee | 40 | $170,307 | $0 | $35,206 | $205,513 |
| Norman M Zureich | DIRECTOR OF IT - PART YEAR | Highly paid employee | 40 | $178,186 | $0 | $14,686 | $192,872 |
| Robert Samborn | IT INFRASTRUCTURE MANAGER | Highly paid employee | 40 | $147,856 | $0 | $34,010 | $181,866 |
Sources
- IRS e-file return 202503049349302395 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 38-0495567
- Organization website (as filed): www.dowcreditunion.org