Civic Intelligence

Aeroquip Credit Union

EIN 38-2343676 • 501(c)14 • Jackson, MI

View Organization Page

Profile

Provide low cost loans and financial services to members.

901 Plymouth StreetJackson, MI 49201

www.aeroquipcu.com

Siviq Scores

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

Liabilities / Assets

4th percentile

0.01x

Higher debt load relative to assets than 4% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

5th percentile

0.17x

Higher debt load relative to revenue than 5% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Net Margin

34th percentile

7.1%

Higher net margin than 34% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$111,489

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Asset Growth

31st percentile

-0.9%

Faster asset growth than 31% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

18%

Faster revenue growth than 80% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets4th percentile

Assets

Down

$50,502,564

Down $473,469 (-0.9%) from 2023

Liabilities

Down

$442,706

Down $525,338 (-54%) from 2023

Net Assets

Up

$50,059,858

Up $51,869 (+0.1%) from 2023

Operations
Liabilities / Revenue5th percentileNet Margin34th percentile

Revenue

Up

$2,625,721

Up $409,425 (+18%) from 2023

Expenses

Up

$2,440,029

Up $422,091 (+21%) from 2023

Net Income

Down

$185,692

Down $12,666 (-6.4%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth31st percentile

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

$60M$40M$20M$0Assets 2010: $37,740,059Liabilities 2010: $538,611Net Assets 2010: $37,201,4482010Assets 2011: $38,820,169Liabilities 2011: $172,449Net Assets 2011: $38,647,7202011Assets 2012: $39,648,735Liabilities 2012: $314,157Net Assets 2012: $39,334,5782012Assets 2013: $40,792,860Liabilities 2013: $208,734Net Assets 2013: $40,584,1262013Assets 2014: $43,006,621Liabilities 2014: $246,172Net Assets 2014: $42,760,4492014Assets 2015: $44,305,507Liabilities 2015: $167,851Net Assets 2015: $44,137,6562015Assets 2016: $44,314,245Liabilities 2016: $394,933Net Assets 2016: $43,919,3122016Assets 2017: $44,688,434Liabilities 2017: $389,735Net Assets 2017: $44,298,6992017Assets 2018: $44,942,562Liabilities 2018: $304,542Net Assets 2018: $44,638,0202018Assets 2019: $44,576,660Liabilities 2019: $280,529Net Assets 2019: $44,296,1312019Assets 2020: $51,492,013Liabilities 2020: $371,695Net Assets 2020: $51,120,3182020Assets 2021: $55,069,775Liabilities 2021: $457,327Net Assets 2021: $54,612,4482021Assets 2022: $54,121,772Liabilities 2022: $431,136Net Assets 2022: $53,690,6362022Assets 2023: $50,976,033Liabilities 2023: $968,044Net Assets 2023: $50,007,9892023Assets 2024: $50,502,564Liabilities 2024: $442,706Net Assets 2024: $50,059,8582024

Highlighted filing

2024

Assets$50,502,564
Liabilities$442,706
Net Assets$50,059,858
Open 2024 Filing

Operations Trend

Revenue Growth80th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,049,4982010Expenses 2011: $2,000,1272011Expenses 2012: $2,173,2942012Revenue 2013: $1,678,392Expenses 2013: $1,534,881Net Income 2013: $143,5112013Revenue 2014: $1,673,164Expenses 2014: $1,613,497Net Income 2014: $59,6672014Revenue 2015: $1,765,388Expenses 2015: $1,458,262Net Income 2015: $307,1262015Revenue 2016: $1,762,429Expenses 2016: $1,683,053Net Income 2016: $79,3762016Revenue 2017: $1,847,891Expenses 2017: $1,562,034Net Income 2017: $285,8572017Revenue 2018: $1,999,386Expenses 2018: $1,763,556Net Income 2018: $235,8302018Revenue 2019: $2,131,275Expenses 2019: $1,908,751Net Income 2019: $222,5242019Revenue 2020: $2,041,068Expenses 2020: $1,823,113Net Income 2020: $217,9552020Revenue 2021: $1,913,253Expenses 2021: $1,926,306Net Income 2021: -$13,0532021Revenue 2022: $2,006,778Expenses 2022: $2,082,546Net Income 2022: -$75,7682022Revenue 2023: $2,216,296Expenses 2023: $2,017,938Net Income 2023: $198,3582023Revenue 2024: $2,625,721Expenses 2024: $2,440,029Net Income 2024: $185,6922024

Highlighted filing

2024

Revenue$2,625,721
Expenses$2,440,029
Net Income$185,692
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$50,502,564
Liabilities
$442,706
Net assets
$50,059,858
Revenue
$2,625,721
Expenses
$2,440,029
Net income
$185,692
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$50.5$0.44$50.1$2.63$2.44$0.19
2023Detailed filing. Detailed filing data is available for this year.$51.0$0.97$50.0$2.22$2.02$0.20
2022Detailed filing. Detailed filing data is available for this year.$54.1$0.43$53.7$2.01$2.08$0.08
2021Detailed filing. Detailed filing data is available for this year.$55.1$0.46$54.6$1.91$1.93$0.01
2020Detailed filing. Detailed filing data is available for this year.$51.5$0.37$51.1$2.04$1.82$0.22
2019Detailed filing. Detailed filing data is available for this year.$44.6$0.28$44.3$2.13$1.91$0.22
2018Detailed filing. Detailed filing data is available for this year.$44.9$0.30$44.6$2.00$1.76$0.24
2017Detailed filing. Detailed filing data is available for this year.$44.7$0.39$44.3$1.85$1.56$0.29
2016Detailed filing. Detailed filing data is available for this year.$44.3$0.39$43.9$1.76$1.68$0.08
2015Detailed filing. Detailed filing data is available for this year.$44.3$0.17$44.1$1.77$1.46$0.31
2014Detailed filing. Detailed filing data is available for this year.$43.0$0.25$42.8$1.67$1.61$0.06
2013Detailed filing. Detailed filing data is available for this year.$40.8$0.21$40.6$1.68$1.53$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.6$0.31$39.3$2.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.8$0.17$38.6$2.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.7$0.54$37.2$2.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 29, 2025
Return Version
2024v5.0
Gross Receipts
$2,625,721
Mission and Program Overview

Mission

Provide low cost loans and financial services to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$43,348,442$42,814,245▼ $534,197
Other Notes and Loans Receivable, Net$27,252,687$27,572,557▲ $319,870
Investments in Publicly Traded Securities$21,517,321$17,553,361▼ $3,963,960
Rtn Earn Endowment Incm Other Fnds$6,659,547$7,245,613▲ $586,066
Savings and Temporary Cash Investments$88,091$3,102,295▲ $3,014,204
Land, Buildings, and Equipment, Net$833,717$804,289▼ $29,428
Receivables From Officers Etc$812,005$769,722▼ $42,283
Cash and Non-Interest-Bearing Accounts$406,930$439,328▲ $32,398
Total Assets$50,976,033$50,502,564▼ $473,469
Other Assets Total$65,282$261,012▲ $195,730
Liabilities
Accounts Payable and Accrued Expenses$968,044$442,706▼ $525,338
Total Liabilities$968,044$442,706▼ $525,338
Net Assets / Fund Balance
Total Net Assets Fund Balance$50,007,989$50,059,858▲ $51,869
Total Liabilities and Net Assets / Fund Balance$50,976,033$50,502,564▼ $473,469

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$87,811$403,201$491,012
Land$191,830-$191,830
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lisa K RobinsonManager/CEOFT$111,489$111,489

Board Members and Trustees

NameTitle
Linda WayPresident
David SherwoodDirector
Dean SielerDirector
Michael PiersonDirector
Timothy SummerfeltDirector
Gina WestonTreasurer
Adam CruzVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,708,990
Investment Income
$419,821
Other Revenue
$496,910
Change in Net Assets
$185,692
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,444,842
Salaries, Compensation, and Employee Benefits$995,187
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$717,784--$717,784
All Other Expenses$328,973--$328,973
Other Employee Benefits$207,027--$207,027
Other Expenses$158,330--$158,330
Advertising$109,604--$109,604
Office Expenses$107,639--$107,639
Occupancy$94,767--$94,767
Payroll Taxes$52,737--$52,737
Fees for Services Legal$42,496--$42,496
Depreciation Depletion$36,872--$36,872
Insurance$32,872--$32,872
Conferences and Meetings$29,452--$29,452
Pension Plan Contributions$17,639--$17,639
Fees for Services Accounting$12,076--$12,076
Total Functional Expenses$2,440,029$0$0$2,440,029
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 Officers, Directors, Trustees, and Key Employees$812,005$769,722▼ $42,283
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Aeroquip Credit Union
EIN
38-2343676
Phone
5177892890
Address
901 PLYMOUTH STREET, JACKSON, MI 49201

Signing Officer

Name
Lisa K Robinson
Title
Manager/CEO
Phone
5177892890
Signed
2025-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa K Robinson
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
15

Preparer

Firm
Boswell Schultz Sonnenberg & Arnett Plc
Address
415 S JACKSON ST, JACKSON, MI 49201-2399
Preparer
Todd R Sonnenberg CPA
Phone
5177968880
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Provide financial services to members”

Form 990, Part IX, Line 24E

“Processor expense 152,708 0 0 outside services 89,631 0 0 misc. Operating expenses 27,104 0 0 telephone 19,673 0 0 member share dividends 13,754 0 0 association dues 12,358 0 0 state exam fee 9,987 0 0 interest 3,758 0 0 total 328,973 0 0”

Form 990, Part XI, Line 9

“Net change in customer deposits -133,823”

Raw XML Appendix335 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.

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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0403201
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0OFFICERS DIRECTORS
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IRS990ScheduleL/TotalBalanceDueAmt0769722
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDE FINANCIAL SERVICES TO MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROCESSOR EXPENSE 152,708 0 0 OUTSIDE SERVICES 89,631 0 0 MISC. OPERATING EXPENSES 27,104 0 0 TELEPHONE 19,673 0 0 MEMBER SHARE DIVIDENDS 13,754 0 0 ASSOCIATION DUES 12,358 0 0 STATE EXAM FEE 9,987 0 0 INTEREST 3,758 0 0 TOTAL 328,973 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NET CHANGE IN CUSTOMER DEPOSITS -133,823
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/TotalAmt02440029
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0442706
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IRS990/TotalLiabilitiesGrp/EOYAmt0442706
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02625721
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0901 PLYMOUTH STREET
IRS990/USAddress/CityNm0JACKSON
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049201
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IRS990/WebsiteAddressTxt0WWW.AEROQUIPCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LISA K ROBINSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05177892890
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AEROQUIP CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0AERO
ReturnHeader/Filer/EIN0382343676
ReturnHeader/Filer/PhoneNum05177892890
ReturnHeader/Filer/USAddress/AddressLine1Txt0901 PLYMOUTH STREET
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0571225176
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOSWELL SCHULTZ SONNENBERG & ARNETT PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0415 S JACKSON ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0492012399
ReturnHeader/PreparerPersonGrp/PhoneNum05177968880
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TODD R SONNENBERG CPA
ReturnHeader/ReturnTs02025-05-13T09:33:37-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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