Credit Unions Chartered in the State of Michigan (1204 Jolt Credit
Saginaw, MI · EIN 38-1544100 · Rank 16,763 by total revenue
State chartered credit union providing a variety of financial services to its members, and provide an opportunity for its members to use and control their own money on a democratic basis in order to improve their economic and social condition.
Money, Form 990 for tax year 2024
- Total revenue
- $26,063,464
- Total expenses
- $24,621,227
- Total assets
- $464,805,506
- Salary base (all salaries and wages)
- $6,126,616
- Salaries, other pay and benefits
- $7,597,818
- Employees
- 137
- Salary base per employee
- $44,720
"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 (6)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Alan Watson | PRESIDENT/CE | Board, Officer | 40 | $279,123 |
| Ann Rechsteiner | CFO | Officer | 40 | $162,731 |
| Jerd Clayton | VICE CHAIR | Board, Officer | 1 | None reported |
| Martha Kinsman | SECRETARY | Board, Officer | 1 | None reported |
| Robert Looby | CHAIRMAN | Board, Officer | 1 | None reported |
| Matthew Starke | TREASURER | Board, Officer | 1 | None reported |
Top 10 paid people listed
These 2 people received $441,854, which is 7.2% of the $6,126,616 salary base shared by 137 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Alan Watson | PRESIDENT/CE | Board, Officer | 40 | $225,228 | $0 | $53,895 | $279,123 |
| Ann Rechsteiner | CFO | Officer | 40 | $124,536 | $0 | $38,195 | $162,731 |
Sources
- IRS e-file return 202523039349300712 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 38-1544100
- Organization website (as filed): www.joltcu.com