Civic Intelligence

Credit Unions Chartered in the State of Michigan

EIN 38-1399600 • 501(c)14 • Lansing, MI

Profile

To provide financial services to member owners with a common bond.

111 S Waverly RdLansing, MI 48917

www.asteracu.com

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Net Margin

17th percentile

-8.7%

Higher net margin than 17% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$255,323

Higher top officer pay than 98% of similar nonprofits.

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

501(c)14 • $10M-$25M nonprofits • Source year 2024

Asset Growth

5th percentile

-100%

Faster asset growth than 5% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

0.4%

Faster revenue growth than 26% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$0

Down $200,883,674 (-100%) from 2023

Liabilities

Down

$0

Down $190,376,481 (-100%) from 2023

Net Assets

Down

$0

Down $10,507,193 (-100%) from 2023

Revenue

Up

$12,673,805

Up $54,099 (+0.4%) from 2023

Expenses

Up

$13,781,078

Up $1,189,940 (+9.5%) from 2023

Net Income

Down

-$1,107,273

Down $1,135,841 (-3976%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2011: $147,900,900Liabilities 2011: $133,852,471Net Assets 2011: $14,048,4292011Assets 2012: $150,279,643Liabilities 2012: $136,129,617Net Assets 2012: $14,150,0262012Assets 2013: $146,403,349Liabilities 2013: $134,004,046Net Assets 2013: $12,399,3032013Assets 2014: $144,612,857Liabilities 2014: $132,044,740Net Assets 2014: $12,568,1172014Assets 2015: $144,417,969Liabilities 2015: $133,221,266Net Assets 2015: $11,196,7032015Assets 2016: $140,827,742Liabilities 2016: $129,356,442Net Assets 2016: $11,471,3002016Assets 2017: $140,193,428Liabilities 2017: $127,592,199Net Assets 2017: $12,601,2292017Assets 2018: $149,432,566Liabilities 2018: $136,135,710Net Assets 2018: $13,296,8562018Assets 2019: $152,100,987Liabilities 2019: $137,345,208Net Assets 2019: $14,755,7792019Assets 2020: $178,613,511Liabilities 2020: $162,345,047Net Assets 2020: $16,268,4642020Assets 2021: $192,913,028Liabilities 2021: $176,620,086Net Assets 2021: $16,292,9422021Assets 2022: $194,990,190Liabilities 2022: $185,522,727Net Assets 2022: $9,467,4632022Assets 2023: $200,883,674Liabilities 2023: $190,376,481Net Assets 2023: $10,507,1932023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $11,573,4522011Expenses 2012: $10,902,4202012Revenue 2013: $11,134,698Expenses 2013: $12,811,909Net Income 2013: -$1,677,2112013Revenue 2014: $11,426,983Expenses 2014: $11,267,370Net Income 2014: $159,6132014Revenue 2015: $10,424,657Expenses 2015: $11,524,730Net Income 2015: -$1,100,0732015Revenue 2016: $9,114,633Expenses 2016: $8,719,887Net Income 2016: $394,7462016Revenue 2017: $8,767,192Expenses 2017: $7,634,664Net Income 2017: $1,132,5282017Revenue 2018: $9,291,562Expenses 2018: $8,434,073Net Income 2018: $857,4892018Revenue 2019: $9,825,263Expenses 2019: $9,136,367Net Income 2019: $688,8962019Revenue 2020: $10,360,687Expenses 2020: $9,360,225Net Income 2020: $1,000,4622020Revenue 2021: $10,615,588Expenses 2021: $9,492,585Net Income 2021: $1,123,0032021Revenue 2022: $11,400,277Expenses 2022: $10,534,738Net Income 2022: $865,5392022Revenue 2023: $12,619,706Expenses 2023: $12,591,138Net Income 2023: $28,5682023Revenue 2024: $12,673,805Expenses 2024: $13,781,078Net Income 2024: -$1,107,2732024

Highlighted filing

2024

Revenue$12,673,805
Expenses$13,781,078
Net Income-$1,107,273

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$12.7$13.8$1.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$201$190$10.5$12.6$12.6$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$195$186$9.47$11.4$10.5$0.87
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$193$177$16.3$10.6$9.49$1.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$179$162$16.3$10.4$9.36$1.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$152$137$14.8$9.83$9.14$0.69
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$149$136$13.3$9.29$8.43$0.86
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$140$128$12.6$8.77$7.63$1.13
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$141$129$11.5$9.11$8.72$0.39
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$144$133$11.2$10.4$11.5$1.10
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$145$132$12.6$11.4$11.3$0.16
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$146$134$12.4$11.1$12.8$1.68
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$150$136$14.2$10.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$148$134$14.0$11.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 11, 2025
Return Version
2024v5.2
Gross Receipts
$12,687,734
Mission and Program Overview

Mission

To provide financial services to member owners with a common bond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$118,617,847$0▼ $118,617,847
Investments in Publicly Traded Securities$51,747,588$0▼ $51,747,588
Rtn Earn Endowment Incm Other Fnds$10,507,193$0▼ $10,507,193
Investments Other Securities$10,295,044$0▼ $10,295,044
Land, Buildings, and Equipment, Net$6,486,291$0▼ $6,486,291
Savings and Temporary Cash Investments$2,832,975$0▼ $2,832,975
Cash and Non-Interest-Bearing Accounts$2,738,383$0▼ $2,738,383
Prepaid Expenses and Deferred Charges$1,367,706$0▼ $1,367,706
Accounts Receivable$554,194$0▼ $554,194
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$200,883,674$0▼ $200,883,674
Other Assets Total$6,243,646$0▼ $6,243,646
Liabilities
Other Liabilities$188,454,624$0▼ $188,454,624
Accounts Payable and Accrued Expenses$1,104,524$0▼ $1,104,524
Deferred Revenue$817,333$0▼ $817,333
Total Liabilities$190,376,481$0▼ $190,376,481
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,507,193$0▼ $10,507,193
Total Liabilities and Net Assets / Fund Balance$200,883,674$0▼ $200,883,674
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Martin CarterPresident/CEOFT$218,845$36,478$255,323
Debra MilesCFOFT$172,734$56,544$229,278
Chris TylerSenior VP OperationsFT$130,752$38,719$169,471
Laura BlandingSVP of Lending-$132,378$10,669$143,047
James PaisleyVP of It-$113,804$25,096$138,900
Jessica HayesAvp of Branch Operations-$100,302$23,713$124,015

Board Members and Trustees

NameTitle
Kevin GoffChairman
Lenoris AllenVice Chairman
Chelsea CarterDirector
Kristian JohnsonMembership Officer
Anthony EdwardsSecretary
Steven OsbornTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$317,302
Program Service Revenue
$10,978,445
Investment Income
$1,378,058
Other Revenue
$0
Change in Net Assets
$-1,107,273
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,877,277
Salaries, Compensation, and Employee Benefits$4,903,801
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,976,687
Interest---$2,661,713
Current Officers, Directors, Trustees, and Key Employees---$1,060,034
Office Expenses---$988,711
Information Technology---$635,610
Occupancy---$535,901
Other Employee Benefits---$430,122
Payroll Taxes---$300,532
Fees for Services Management---$272,248
Depreciation Depletion---$270,878
Fees for Services Other---$181,555
Other Expenses---$167,683
Pension Plan Contributions---$136,426
All Other Expenses---$127,726
Advertising---$87,653
Insurance---$67,098
Fees for Services Accounting---$49,987
Fees for Services Legal---$48,509
Conferences and Meetings---$41,741
Travel---$24,810
Total Functional Expenses$0$0$0$13,781,078
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The credit union is made up of members/shareholders.

Form 990, Part VI, Section A, Line 7A

Credit union member's have the power to elect one or more members of the governing body.

Form 990, Part VI, Section A, Line 7B

A member vote must be obtained for certain key actions of the credit union such as being merged into another credit union.

Form 990, Part VI, Section B, Line 11B

Conflicts of interest are required to be disclosed by the board. A conflict of interest review is completed annually.

Form 990, Part VI, Section B, Line 12C

Conflicts of interest are required to be disclosed by board members annually.

Form 990, Part VI, Section B, Line 15

Board review is performed periodically to assess the reasonable compensation of the president/ceo. As deemed necessary this may entail the use of surveys or consultants to determine the amount. The compensation of other key employees is determined through a general review of market salaries.

Form 990, Part VI, Section C, Line 19

Financial statements are available on the credit union's website.

Filing and Contact Details

Filer

Filer Name
Credit Unions Chartered in the State of
EIN
38-1399600
Phone
5173215135
Address
111 S WAVERLY RD, LANSING, MI 48917
Doing Business As
Astera Credit Union

Signing Officer

Name
Debra Miles
Title
CFO
Phone
5173215135
Signed
2025-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Carter
Formed
1949
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
78
Volunteers
8

Preparer

Firm
Rehmann Robson LLC
Address
PO BOX 2025, SAGINAW, MI 48605-2025
Preparer
Jeffrey E Hert CPA
Phone
9897999580
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Final liquidation of assets and liabilities -9,399,920.

Raw XML AppendixShowing 400 of 555 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/AccountsReceivableGrp/BOYAmt0554194
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND.
IRS990/AdvertisingGrp/TotalAmt087653
IRS990/AllOtherExpensesGrp/TotalAmt0127726
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ASTERA CREDIT UNION
IRS990/BooksInCareOfDetail/PhoneNum05173215135
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0111 S WAVERLY RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0LANSING
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048917
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IRS990/CompensationProcessOtherInd01
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IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractTerminationInd0X
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IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt010978445
IRS990/CYRevenuesLessExpensesAmt0-1107273
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IRS990/CYTotalExpensesAmt013781078
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IRS990/DecisionsSubjectToApprovaInd01
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IRS990/DeferredRevenueGrp/BOYAmt0817333
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0270878
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IRS990/DescribedInSection501c3Ind00
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IRS990/DonorAdvisedFundInd00
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IRS990/EmploymentTaxReturnsFiledInd01
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IRS990/FederalGrantAuditRequiredInd00
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IRS990/FeesForServicesOtherGrp/TotalAmt0181555
IRS990/FinalReturnInd0X
IRS990/ForeignActivitiesInd00
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IRS990/Form990PartVIISectionAGrp/PersonNm3STEVEN OSBORN
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBERSHIP OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt7CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt8SENIOR VP OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt9SVP OF LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP OF IT
IRS990/Form990PartVIISectionAGrp/TitleTxt11AVP OF BRANCH OPERATIONS
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IRS990/GrantsToOrganizationsInd00
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IRS990/InterestGrp/TotalAmt02661713
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc6OTHER ASSETS
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt3ADVENTURE CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt4ADVENTURE CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt5ADVENTURE CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt6ADVENTURE CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02024-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12024-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22024-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt32024-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt42024-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt52024-12-31
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0380855535
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1380855535

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