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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Preferred Credit Union

Preferred Credit Union

Fiscal year ending 2024. Filed on April 3, 2025.

3767 Sparks Drive SE
Grand Rapids, Michigan 49546

Preferred Credit Union (EIN: 38-1878763) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2024 IRS Form 990 filing, Preferred Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 7 out of 90 total employees. Among the employees shown here, the average compensation is $180,565. The highest compensated employee at Preferred Credit Union is John Yeomans with fiscal year 2024 compensation of $338,243.

Revenue, expenses, and employee compensation

Revenue

$18,475,658

Expenses

$15,678,436

Employee compensation

$5,933,400
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

John Yeomans
Chief Executive Officer
$338,243
$306,533 No related comp$31,710
Bev vander Well
Chief Financial Officer
$180,855
$160,018 No related comp$20,837
Bryan Kaylor
Chief Operating Officer
$178,767
$145,707 No related comp$33,060
Christine Pratt
Vice President
$161,907
$129,673 No related comp$32,234
Cynthia McCombs
Human Resources Director
$150,350
$140,691 No related comp$9,659
Dorothy Miller
Vice President
$140,194
$122,816 No related comp$17,378
Rhonda Harrington
Vice President
$113,636
$105,198 No related comp$8,438

Benchmark Employee Compensation

Non-Employee Board Members

Fred Gradisher
Director
Frederick Bartling
Secretary
Gaylen Demarest
Treasurer
Russell Herman
Chair
Thomas Powers
Director
Vicki Brown
Director
Yvonne Alles
Director

Contractors

Cooperative Financial Services
Card
$1,034,784
Cuanswers
Data Processing
$558,530
Blue Care Network
Health Insurance
$456,213
Haberfeld Accelerating Growth
Consulting and Advertising
$268,870
RedRock Information Security
IT
$262,060

Mission Statement

PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS.

Revisions to this organization profile

April 3, 2025:
2024 Preferred Credit Union 990 filed
April 23, 2024:
2023 Preferred Credit Union 990 filed
May 11, 2023:
2022 Preferred Credit Union 990 filed

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