Credit Unions Chartered in the State of Michigan Frankenmuth Credit Union
Frankenmuth, MI · EIN 38-1796409 · Rank 5,248 by total revenue
Provide financial services to member owners with a common bond.
Money, Form 990 for tax year 2024
- Total revenue
- $103,161,140
- Total expenses
- $91,173,483
- Total assets
- $1,417,197,837
- Salary base (all salaries and wages)
- $28,448,730
- Salaries, other pay and benefits
- $35,269,765
- Employees
- 621
- Salary base per employee
- $45,811
"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 (12)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Vickie Schmitzer | CEO | Officer | 54 | $928,640 |
| Donna Haubenstricker | VP OF FINANCE | Officer | 45 | $292,914 |
| Timothy Hildner | CHAIRPERSON | Board, Officer | 3.79 | None reported |
| Jill Catterfeld | VICE CHAIRPERSON | Board, Officer | 0.86 | None reported |
| Brian Dixon | TREASURER | Board, Officer | 1.82 | None reported |
| Richard Reif | SECRETARY | Board, Officer | 3.05 | None reported |
| Eric Neumeyer | CEO OF MMIA | Key employee | 40 | $271,076 |
| Michael Fassezee | DIRECTOR | Board | 1.63 | None reported |
| Dan Lemke | DIRECTOR | Board | 1.35 | None reported |
| Scot Putzig | DIRECTOR | Board | 0.95 | None reported |
| Karina Spencer | DIRECTOR | Board | 1.32 | None reported |
| Chris Frank | DIRECTOR | Board | 0.9 | None reported |
Top 10 paid people listed
These 8 people received $2,897,311, which is 10.2% of the $28,448,730 salary base shared by 621 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Vickie Schmitzer | CEO | Officer | 54 | $875,336 | $0 | $53,304 | $928,640 |
| Robert Robinson | INSURANCE SALES | Highly paid employee | 40 | $318,955 | $0 | $51,599 | $370,554 |
| Donna Haubenstricker | VP OF FINANCE | Officer | 45 | $254,649 | $0 | $38,265 | $292,914 |
| Eric Neumeyer | CEO OF MMIA | Key employee | 40 | $224,781 | $0 | $46,295 | $271,076 |
| Daniel Wortman | INSURANCE SALES | Highly paid employee | 40 | $232,683 | $0 | $33,882 | $266,565 |
| Steve Witt | INSURANCE SALES | Highly paid employee | 40 | $219,669 | $0 | $46,056 | $265,725 |
| Brad Gnatkowski | MORTGAGE ORIGINATOR | Highly paid employee | 40 | $235,702 | $0 | $20,263 | $255,965 |
| William Watchorn | MORTGAGE ORIGINATOR | Highly paid employee | 40 | $231,056 | $0 | $14,816 | $245,872 |
Sources
- IRS e-file return 202543109349303724 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 38-1796409
- Organization website (as filed): www.frankenmuthcu.org