Civic Intelligence

Westacres Credit Union

EIN 38-1446508 • 501(c)14 • Orchard Lake, MI

Profile

The westacres credit union's purpose is to provide competitive share deposits and loan products to our membership base according to the michigan credit union act.

3700 Westacres DrOrchard Lake, MI 48324

n/A

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.87x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

28.39x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2024

Net Margin

51st percentile

3.5%

Higher net margin than 51% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

20th percentile

$22,086

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

501(c)14 • $5M-$10M nonprofits • Source year 2024

Asset Growth

30th percentile

-4.8%

Faster asset growth than 30% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

5.7%

Faster revenue growth than 50% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$7,000,036

Down $352,824 (-4.8%) from 2023

Liabilities

Down

$6,067,287

Down $360,242 (-5.6%) from 2023

Net Assets

Up

$932,749

Up $7,418 (+0.8%) from 2023

Revenue

Up

$213,738

Up $11,621 (+5.7%) from 2023

Expenses

Up

$206,320

Up $10,701 (+5.5%) from 2023

Net Income

Up

$7,418

Up $920 (+14%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $7,332,836Liabilities 2010: $6,448,386Net Assets 2010: $884,4502010Assets 2011: $8,035,480Liabilities 2011: $7,141,849Net Assets 2011: $893,6312011Assets 2012: $8,375,406Liabilities 2012: $7,478,834Net Assets 2012: $896,5722012Assets 2013: $8,570,082Liabilities 2013: $7,664,135Net Assets 2013: $905,9472013Assets 2016: $7,321,722Liabilities 2016: $6,439,142Net Assets 2016: $882,5802016Assets 2017: $7,392,079Liabilities 2017: $6,503,083Net Assets 2017: $888,9962017Assets 2021: $7,475,804Liabilities 2021: $6,557,632Net Assets 2021: $918,1722021Assets 2022: $7,868,958Liabilities 2022: $6,950,125Net Assets 2022: $918,8332022Assets 2023: $7,352,860Liabilities 2023: $6,427,529Net Assets 2023: $925,3312023Assets 2024: $7,000,036Liabilities 2024: $6,067,287Net Assets 2024: $932,7492024

Highlighted filing

2024

Assets$7,000,036
Liabilities$6,067,287
Net Assets$932,749

Operations Trend

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

$300K$200K$100K$0Expenses 2010: $225,3632010Expenses 2011: $176,9422011Revenue 2012: $181,122Expenses 2012: $178,181Net Income 2012: $2,9412012Revenue 2013: $171,791Expenses 2013: $162,416Net Income 2013: $9,3752013Revenue 2016: $111,880Expenses 2016: $106,575Net Income 2016: $5,3052016Revenue 2017: $116,415Expenses 2017: $110,002Net Income 2017: $6,4132017Revenue 2021: $111,086Expenses 2021: $108,884Net Income 2021: $2,2022021Revenue 2022: $115,476Expenses 2022: $114,815Net Income 2022: $6612022Revenue 2023: $202,117Expenses 2023: $195,619Net Income 2023: $6,4982023Revenue 2024: $213,738Expenses 2024: $206,320Net Income 2024: $7,4182024

Highlighted filing

2024

Revenue$213,738
Expenses$206,320
Net Income$7,418

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$213,738
Mission and Program Overview

Mission

The westacres credit union's purpose is to provide competitive share deposits and loan products to our membership base according to the michigan credit union act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$5,500,970$4,896,999▼ $603,971
Other Notes and Loans Receivable, Net$1,321,622$1,341,972▲ $20,350
Rtn Earn Endowment Incm Other Fnds$925,331$932,749▲ $7,418
Cash and Non-Interest-Bearing Accounts$468,474$621,310▲ $152,836
Land, Buildings, and Equipment, Net$27,750$26,806▼ $944
Prepaid Expenses and Deferred Charges$9,558$9,985▲ $427
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$7,352,860$7,000,036▼ $352,824
Other Assets Total$24,486$102,964▲ $78,478
Liabilities
Other Liabilities$6,422,974$6,059,320▼ $363,654
Accounts Payable and Accrued Expenses$4,555$7,967▲ $3,412
Total Liabilities$6,427,529$6,067,287▼ $360,242
Net Assets / Fund Balance
Total Net Assets Fund Balance$925,331$932,749▲ $7,418
Total Liabilities and Net Assets / Fund Balance$7,352,860$7,000,036▼ $352,824

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$26,085$67,498$93,583
Equipment$721$19,371$20,092
Other Securities$4,896,999--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Heather MilzManagerPT$22,086$22,086

Board Members and Trustees

NameTitle
Markell SeitzmanChairperson/president
Carl GodellVice Chairperson/vice President
Bob PaulsonDirector
Stephanie OrricoDirector
Teresa JablonskiDirector
Tr FowlerDirector
Michelle PattersonSecretary
Elias EscobedoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$53,343
Investment Income
$160,395
Other Revenue
$0
Change in Net Assets
$7,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$213,738
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$213,738
Total Revenue per Form 990
$213,738
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$164,342
Salaries, Compensation, and Employee Benefits$41,978
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$22,086
Other Salaries and Wages---$16,765
Fees for Services Accounting---$16,500
Fees for Services Other---$12,009
Office Expenses---$9,916
Insurance---$8,036
Payroll Taxes---$3,127
Occupancy---$2,462
Other Expenses---$1,732
All Other Expenses---$1,153
Advertising---$132
Total Functional Expenses$0$0$0$206,320

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$206,320
Total Expenses per Audited Statements$206,320
Total Expenses per Form 990$206,320
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members Share Accounts$5,936,544
Div/int Payable$105,630
Misc$17,146
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
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

Every individual that has an account with our credit union is considered a member.

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

Credit union members elect members of the governing body each year at the annual meeting.

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

Decisions made by the governing body are subject to the approval of members of the credit union.

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

The organization's governing body did not receive a copy of the form 990 before it was filed.

Form 990, Part VI, Section B, Line 15B

The board of directors use the michigan credit union league and the american society of employers salary surveys as guidelines for setting officer compensation.

Form 990, Part VI, Section C, Line 19

The organization makes its financial statements and governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Westacres Credit Union
EIN
38-1446508
Phone
2483634376
Address
3700 WESTACRES DR, ORCHARD LAKE, MI 48324

Signing Officer

Name
Carl Godell
Title
Chairperson/president
Phone
2483634376
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carl Godell
Formed
1936
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
6
Volunteers
16

Preparer

Firm
Doeren Mayhew
Address
8785 SW 165TH AVENUE SUITE 303, MIAMI, FL 33193
Preparer
Aubrey Clegg
Phone
3052328272
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other outside services 12,009.

Form 990, Part IX, Line 24E

Annual meeting 1,180. Provision for loan losses -27.

Form 990, Part XII, Line 2C

There were no changes in the process of the committee that assumes responsibility of the oversight of the audit and selection of the independent auditor.

FORM 990, PART XII, LINE 2B:

Audited financial statements are prepared on a fiscal year basis but tax reporting is required on a calendar year-end.

Financial Statement Notes

PART X, LINE 2:

The credit union is exempt, by statute (irc section 501(c)14), from federal and state income tax.

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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MISC
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt04896999
IRS990ScheduleD/OtherSecuritiesGrp/Desc0SECURITIES AND OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0213738
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS EXEMPT, BY STATUTE (IRC SECTION 501(C)14), FROM FEDERAL AND STATE INCOME TAX.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026806
IRS990ScheduleD/TotalBookValueSecuritiesAmt04896999
IRS990ScheduleD/TotalExpensesPerForm990Amt0206320
IRS990ScheduleD/TotalLiabilityAmt06059320
IRS990ScheduleD/TotalRevenuePerForm990Amt0213738
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0213738
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0206320
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EVERY INDIVIDUAL THAT HAS AN ACCOUNT WITH OUR CREDIT UNION IS CONSIDERED A MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CREDIT UNION MEMBERS ELECT MEMBERS OF THE GOVERNING BODY EACH YEAR AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS MADE BY THE GOVERNING BODY ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING BODY DID NOT RECEIVE A COPY OF THE FORM 990 BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS USE THE MICHIGAN CREDIT UNION LEAGUE AND THE AMERICAN SOCIETY OF EMPLOYERS SALARY SURVEYS AS GUIDELINES FOR SETTING OFFICER COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER OUTSIDE SERVICES 12,009.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ANNUAL MEETING 1,180. PROVISION FOR LOAN LOSSES -27.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9AUDITED FINANCIAL STATEMENTS ARE PREPARED ON A FISCAL YEAR BASIS BUT TAX REPORTING IS REQUIRED ON A CALENDAR YEAR-END.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XII, LINE 2B:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07352860
IRS990/TotalAssetsEOYAmt07000036
IRS990/TotalAssetsGrp/BOYAmt07352860
IRS990/TotalAssetsGrp/EOYAmt07000036
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/TotalAmt0206320
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06427529
IRS990/TotalLiabilitiesEOYAmt06067287
IRS990/TotalLiabilitiesGrp/BOYAmt06427529
IRS990/TotalLiabilitiesGrp/EOYAmt06067287
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0925331
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0932749
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt053343
IRS990/TotalReportableCompFromOrgAmt022086
IRS990/TotalRevenueGrp/ExclusionAmt0160395
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt053343
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0213738
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt016
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07352860
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07000036
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03700 WESTACRES DR
IRS990/USAddress/CityNm0ORCHARD LAKE
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048324
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CARL GODELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02483634376
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WESTACRES CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0381446508
ReturnHeader/Filer/PhoneNum02483634376
ReturnHeader/Filer/USAddress/AddressLine1Txt03700 WESTACRES DR
ReturnHeader/Filer/USAddress/CityNm0ORCHARD LAKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048324
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0994260840
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DOEREN MAYHEW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08785 SW 165TH AVENUE SUITE 303
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIAMI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033193
ReturnHeader/PreparerPersonGrp/PhoneNum03052328272
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AUBREY CLEGG
ReturnHeader/ReturnTs02025-11-10T14:20:32-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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