Ignite Credit Union
Battle Creek, Michigan
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Very Good
How This Organization Compares
Compared to 111 peers in Unclassified with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $18,467,433↑40% | $15,279,739↑22% | $224,315,902↑1% | |
| 2022 | $13,169,848↑2% | $12,477,470↑4% | $222,746,006↓1% | — |
| 2021 | $12,892,279↑9% | $11,999,280↑2% | $224,804,382↑4% | — |
| 2020 | $11,872,214↑10% | $11,747,035↑7% | $215,814,531↑20% | — |
| 2019 | $10,762,798↑2% | $10,958,538↑11% | $179,407,752↑4% | — |
| 2018 | $10,509,831↑62% | $9,885,542↑64% | $173,046,159↑22% | — |
| 2017 | $6,507,194↑17% | $6,023,150↑22% | $141,418,411↓1% | — |
| 2016 | $5,538,876↑16% | $4,940,754↑13% | $143,005,495↑14% | — |
| 2015 | $4,761,554↓1% | $4,369,479↑6% | $125,129,903↑7% | — |
| 2014 | $4,824,417↑6% | $4,139,232↑5% | $117,226,701↑1% | — |
| 2013 | $4,553,366↓11% | $3,957,622↓9% | $116,360,929↑2% | — |
| 2012 | $5,140,927↓3% | $4,369,794↓9% | $113,537,909↑3% | — |
| 2011 | $5,293,996 | $4,779,175 | $110,174,603 | — |
Frequently Asked Questions
What does Ignite Credit Union do?▼
Ignite Credit Union is a unclassified nonprofit organization based in Michigan. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Ignite Credit Union financially healthy?▼
Based on our 9-metric Financial Health Score model, Ignite Credit Union has a score of 76/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Ignite Credit Union generate?▼
Ignite Credit Union reports $24.5M in annual revenue and holds $364.6M in total assets, based on IRS filings.
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