Civic Intelligence

Case Credit Union

EIN 38-0745805 • 501(c)14 • Lansing, MI

Profile

To assist members and employees to achieve financial success through service that is superior, convenient, and easy to use.

PO Box 22158Lansing, MI 48909

www.casecu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.91x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

13.39x

Higher debt load relative to revenue than 28% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Net Margin

49th percentile

9.2%

Higher net margin than 49% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

46th percentile

$415,395

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

$250M-$1B nonprofits • Source year 2022

Asset Growth

20th percentile

-1.1%

Faster asset growth than 20% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

11%

Faster revenue growth than 34% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Down

$387,984,817

Down $4,296,372 (-1.1%) from 2023

Liabilities

Down

$353,758,606

Down $6,467,876 (-1.8%) from 2023

Net Assets

Up

$34,226,211

Up $2,171,504 (+6.8%) from 2023

Revenue

Up

$26,422,134

Up $2,605,742 (+11%) from 2023

Expenses

Up

$23,995,054

Up $984,513 (+4.3%) from 2023

Net Income

Up

$2,427,080

Up $1,621,229 (+201%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$300M$200M$100M$0Assets 2010: $193,162,751Liabilities 2010: $174,257,839Net Assets 2010: $18,904,9122010Assets 2011: $207,135,501Liabilities 2011: $186,526,287Net Assets 2011: $20,609,2142011Assets 2012: $229,275,770Liabilities 2012: $207,754,345Net Assets 2012: $21,521,4252012Assets 2013: $237,523,597Liabilities 2013: $217,065,633Net Assets 2013: $20,457,9642013Assets 2014: $240,675,063Liabilities 2014: $218,257,466Net Assets 2014: $22,417,5972014Assets 2015: $253,718,743Liabilities 2015: $229,498,847Net Assets 2015: $24,219,8962015Assets 2016: $274,517,380Liabilities 2016: $249,309,904Net Assets 2016: $25,207,4762016Assets 2017: $278,002,102Liabilities 2017: $253,014,447Net Assets 2017: $24,987,6552017Assets 2018: $285,215,372Liabilities 2018: $259,628,716Net Assets 2018: $25,586,6562018Assets 2019: $300,959,636Liabilities 2019: $271,366,865Net Assets 2019: $29,592,7712019Assets 2020: $357,531,798Liabilities 2020: $322,028,664Net Assets 2020: $35,503,1342020Assets 2021: $383,174,122Liabilities 2021: $344,991,493Net Assets 2021: $38,182,6292021Assets 2022: $396,816,157Liabilities 2022: $365,426,170Net Assets 2022: $31,389,9872022Assets 2023: $392,281,189Liabilities 2023: $360,226,482Net Assets 2023: $32,054,7072023Assets 2024: $387,984,817Liabilities 2024: $353,758,606Net Assets 2024: $34,226,2112024

Highlighted filing

2024

Assets$387,984,817
Liabilities$353,758,606
Net Assets$34,226,211

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $10,424,3342010Expenses 2011: $9,891,7672011Revenue 2012: $12,588,858Expenses 2012: $11,694,705Net Income 2012: $894,1532012Revenue 2013: $14,991,163Expenses 2013: $15,291,575Net Income 2013: -$300,4122013Revenue 2014: $16,555,717Expenses 2014: $14,122,555Net Income 2014: $2,433,1622014Revenue 2015: $16,421,339Expenses 2015: $14,378,322Net Income 2015: $2,043,0172015Revenue 2016: $17,981,245Expenses 2016: $16,090,669Net Income 2016: $1,890,5762016Revenue 2017: $18,745,774Expenses 2017: $18,939,182Net Income 2017: -$193,4082017Revenue 2018: $19,542,722Expenses 2018: $18,704,187Net Income 2018: $838,5352018Revenue 2019: $20,095,348Expenses 2019: $16,949,190Net Income 2019: $3,146,1582019Revenue 2020: $20,950,922Expenses 2020: $15,900,220Net Income 2020: $5,050,7022020Revenue 2021: $20,620,547Expenses 2021: $16,856,432Net Income 2021: $3,764,1152021Revenue 2022: $20,419,805Expenses 2022: $20,258,407Net Income 2022: $161,3982022Revenue 2023: $23,816,392Expenses 2023: $23,010,541Net Income 2023: $805,8512023Revenue 2024: $26,422,134Expenses 2024: $23,995,054Net Income 2024: $2,427,0802024

Highlighted filing

2024

Revenue$26,422,134
Expenses$23,995,054
Net Income$2,427,080

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$388$354$34.2$26.4$24.0$2.43
2023Detailed filing. Detailed filing data is available for this year.$392$360$32.1$23.8$23.0$0.81
2022Detailed filing. Detailed filing data is available for this year.$397$365$31.4$20.4$20.3$0.16
2021Detailed filing. Detailed filing data is available for this year.$383$345$38.2$20.6$16.9$3.76
2020Detailed filing. Detailed filing data is available for this year.$358$322$35.5$21.0$15.9$5.05
2019Detailed filing. Detailed filing data is available for this year.$301$271$29.6$20.1$16.9$3.15
2018Detailed filing. Detailed filing data is available for this year.$285$260$25.6$19.5$18.7$0.84
2017Detailed filing. Detailed filing data is available for this year.$278$253$25.0$18.7$18.9$0.19
2016Detailed filing. Detailed filing data is available for this year.$275$249$25.2$18.0$16.1$1.89
2015Detailed filing. Detailed filing data is available for this year.$254$229$24.2$16.4$14.4$2.04
2014Detailed filing. Detailed filing data is available for this year.$241$218$22.4$16.6$14.1$2.43
2013Detailed filing. Detailed filing data is available for this year.$238$217$20.5$15.0$15.3$0.30
2012Summary only. Only limited summary data is available for this year.$229$208$21.5$12.6$11.7$0.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$207$187$20.6$9.89
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$193$174$18.9$10.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.1
Gross Receipts
$26,422,134
Mission and Program Overview

Mission

To assist members and employees to achieve financial success through service that is superior, convenient, and easy to use.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$299,530,235$294,144,227▼ $5,386,008
Investments Other Securities$45,139,583$42,455,625▼ $2,683,958
Rtn Earn Endowment Incm Other Fnds$32,054,707$34,226,211▲ $2,171,504
Savings and Temporary Cash Investments$16,863,382$18,877,901▲ $2,014,519
Land, Buildings, and Equipment, Net$10,292,304$10,127,612▼ $164,692
Receivables From Officers Etc$8,336,626$8,522,782▲ $186,156
Cash and Non-Interest-Bearing Accounts$3,940,805$5,034,126▲ $1,093,321
Accounts Receivable$962,460$1,062,403▲ $99,943
Receivable From Disqualified Prsn$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$392,281,189$387,984,817▼ $4,296,372
Other Assets Total$7,215,794$7,760,141▲ $544,347
Liabilities
Other Liabilities$353,453,513$350,062,785▼ $3,390,728
Accounts Payable and Accrued Expenses$6,549,098$3,497,870▼ $3,051,228
Escrow Account Liability$223,871$197,951▼ $25,920
Total Liabilities$360,226,482$353,758,606▼ $6,467,876
Net Assets / Fund Balance
Total Net Assets Fund Balance$32,054,707$34,226,211▲ $2,171,504
Total Liabilities and Net Assets / Fund Balance$392,281,189$387,984,817▼ $4,296,372

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,739,679$7,696,853$9,436,532
Buildings$4,106,245$5,080,378$9,186,623
Land$4,281,688-$4,281,688
Other Securities$600,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffrey BensonPresident and CEOFT$355,711$43,730$399,441
Chad RolstonEvp/CIOFT$184,336$28,024$212,360
Rachael SingletonEvp/COOFT$185,739$26,088$211,827
Bryanna BenoitCFOFT$155,855$27,121$182,976
Kevin BadgeChroFT$145,445$28,613$174,058
Brett PacekBusiness Development OfficerFT$96,750$71,921$168,671
Daniel J AustinVice President Business ServicesFT$146,318$16,447$162,765
Corrie JamesonChief Risk Management OfficerFT$130,598$25,195$155,793
Danielle WirtVP of Member LendingFT$117,887$18,772$136,659
Bill McLeodMortgage ManagerFT$109,240$19,380$128,620
Derek McKerrVP of ComplianceFT$115,095$3,588$118,683

Board Members and Trustees

NameTitle
William Brewer IiBoard Chair
Craig GodfreyBoard Vice Chair
April ClarkBoard Member
Baldomero GarciaBoard Member
Glory LeduBoard Member
Samuel DuncanBoard Member
Reniero AroazBoard Memeber
Charmaine ShellmanBoard Secretary
Karen SpottsBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$23,547,661
Investment Income
$2,874,473
Other Revenue
$0
Change in Net Assets
$2,427,080

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,422,134
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$26,422,134
Total Revenue per Form 990
$26,422,134
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,448,904
Salaries, Compensation, and Employee Benefits$6,677,660
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,037,918
Benefits to Members---$3,868,490
Information Technology---$2,325,381
Current Officers, Directors, Trustees, and Key Employees---$1,336,454
Interest---$1,016,053
Depreciation Depletion---$903,541
Occupancy---$823,168
Other Employee Benefits---$768,418
Payroll Taxes---$463,514
Advertising---$427,808
Office Expenses---$321,557
Fees for Services Other---$282,811
Other Expenses---$202,658
All Other Expenses---$194,177
Fees for Services Accounting---$137,267
Conferences and Meetings---$96,951
Insurance---$77,593
Pension Plan Contributions---$71,356
Travel---$46,223
Total Functional Expenses$0$0$0$23,995,054

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$23,995,054
Total Expenses per Audited Statements$23,995,054
Total Expenses per Form 990$23,995,054
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$8,336,626$8,522,782▲ $186,156
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$325,062,785
Members' Shares$25,000,000
FHLB Advance-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 Classes of members or stockholders

All members owning a share account are members of the credit union.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

All members of the credit union are owner members. As such, each member has one vote during the annual election of board of director members.

Form 990, Part VI, Line 11B Review of form 990 by governing body

After being prepared by an independent accounting firm, the form 990 is provided electronically to the board of directors, audit committee, and officers of the credit union for review prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

All contracts entered into must be approved by senior management. Gifts are not to be accepted. If gifts are accepted, they are to be reported to senior management or the board of directors. Board members, and all officers and employees annually sign the credit union's code of conduct, which includes the conflict of interest policy. The conflict-of-interest policy is reviewed by the human resources department. If a conflict is present, it is presented to the president/ceo to determine appropriate resolution.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The board of directors has a formal compensation committee who determines the compensation package of the president/ceo on an annual basis. The committee uses comparability data from credit union consultants to determine compensation. This review was last conducted in january 2025.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

Case credit union compares all positions in the credit union to the other credit unions throughout michigan and sets compensation accordingly.

Form 990, Part VI, Line 19 Required documents available to the public

Governing documents and conflict of interest policies are available upon request to the public. Financial statements are posted in the lobbies of each branch, annual reports are available at the annual membership meeting, and the quarterly call report is posted publicly on the ncua's website.

Filing and Contact Details

Filer

Filer Name
Credit Unions Chartered in the State of MI CASE Credit Union
EIN
38-0745805
Phone
5173937710
Address
PO Box 22158, Lansing, MI 48909

Signing Officer

Name
Jeffrey Benson
Title
President/CEO
Phone
5173937710
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
1936
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
111
Volunteers
9

Preparer

Firm
Forvis Mazars LLP
Address
820 Massachusetts Ave Suite 1370, Indianapolis, IN 46204
Preparer
Michael Summers
Phone
3173834000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Membership fees are a charge to become part of the membership of case credit union and are not treated as income. The funds from the membership fee are directly added to equity for every membership account that is opened during the year as ownership within the organization.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

POSTRETIREMENT BENEFIT PLANS - -13535; Total - -13535;

Financial Statement Notes

Schedule D, Part IV, Line 2B Explanation of escrow agreement

Escrow accounts are utilized to collect funds from members for the purpose of paying real estate taxes and insurance on real estate loans.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm1CRAIG GODFREY
IRS990/Form990PartVIISectionAGrp/PersonNm2KAREN SPOTTS
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IRS990/Form990PartVIISectionAGrp/PersonNm13KEVIN BADGE
IRS990/Form990PartVIISectionAGrp/PersonNm14RACHAEL SINGLETON
IRS990/Form990PartVIISectionAGrp/PersonNm15Bill McLeod
IRS990/Form990PartVIISectionAGrp/PersonNm16Brett Pacek
IRS990/Form990PartVIISectionAGrp/PersonNm17DANIEL J AUSTIN
IRS990/Form990PartVIISectionAGrp/PersonNm18Danielle Wirt
IRS990/Form990PartVIISectionAGrp/PersonNm19Derek McKerr
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IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt14EVP/COO
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IRS990/Form990PartVIISectionAGrp/TitleTxt16Business Development Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE PRESIDENT BUSINESS SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP of Member Lending
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IRS990/ProgSrvcAccomActy2Grp/Desc0CASE CREDIT UNION HAS OVER 29,000 MEMBERS. OUR MEMBERS ENJOY A WIDE VARIETY OF SAVINGS OPTIONS TO SUIT THEIR INDIVIDUAL NEEDS. WE OFFER SEVERAL SAVINGS AND CHECKING OPTIONS, MONEY MARKET ACCOUNTS, TERM DEPOSITS, IRA'S AND CHRISTMAS CLUB ACCOUNTS. ALL MEMBERS ARE REQUIRED TO MAINTAIN A $5 SHARE DEPOSIT TO CONTINUE THEIR MEMBERSHIP. OUR RATES AND PRODUCT OFFERINGS ARE COMPETITIVE.
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