2026-07-08T10:42:29+00:00 2025-12-31 331498605 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT SUITE 300 AUBURN HILLS MI 48326 990 2025-01-01 381305916 MICHIGAN EDUCATIONAL CREDIT UNION MICH 7344559200 9200 HAGGERTY RD PLYMOUTH MI 48170 ROBERT G SANDERCOCK CHIEF EXECUTIVE OFFICER 2026-07-08 true DAVID LOWENTHAL CPA P00378651 2483757100 2026-07-07 2025 2025-03-06 01:10:19Z ROBERT G SANDERCOCK 9200 HAGGERTY RD PLYMOUTH MI 48170 135686134 false X WWW.MICHEDCU.ORG X 1942 MI To provide financial services to member owners with a common bond. 9 9 103 9 66129 29110 0 0 28602381 29255776 10390100 13988316 29169 18000 39021650 43262092 0 0 0 0 12439504 13065788 0 0 0 22948335 25541285 35387839 38607073 3633811 4655019 1029181110 1091465928 931738836 974525206 97442274 116940722 To provide members with quality, comprehensive and cost effective financial services. false false PROVIDE 47,814 MEMBERS WITH REGULAR SHARES, SHARE DRAFT, CERTIFICATES OF DEPOSIT, AND IRA ACCOUNTS TOTALING 94,503 ACCOUNTS. PROVIDE 35,997 LOANS INCLUDING VEHICLE, CREDIT CARD, HOME EQUITY, BUSINESS, PERSONAL, BOAT, MOTORCYCLE, MOTOR HOME, AND MORTGAGES. OFFER AUTOMATED TELLER MACHINES, DEBIT CARDS, MONEY ORDERS, CHECK CASHING, TRAVELERS CHECKS, OVERDRAFT PROTECTION/COURTESY PAY, BILL PAY AND VARIOUS INSURANCE AND INVESTMENT PROGRAMS. 0 false false false false false false false false false false true true false false true false false true false false false false false false false false false false false true false false false false false false false false false false false false false false false true true true false false true 71357 0 true 103 true true true false false false false false true false X 9 9 false false false false true true true true true false true true false true true true true true true true false false X KEVIN FINNERAN 7344559200 9200 HAGGERTY ROAD PLYMOUTH MI 48170 ALONZO GLAZE CHAIRPERSON 2.0 0.0 X X 0 0 0 ROBIN J E LONG SECRETARY 2.0 0.0 X X 0 0 0 STEVEN RODRIGUEZ VICE CHAIRPERSON 2.0 0.0 X X 0 0 0 WILLIAM WOOSTER TREASURER 2.0 0.0 X X 0 0 0 AMY MCQUISTON DIRECTOR 2.0 0.0 X 0 0 0 DANE DRESCH DIRECTOR 2.0 0.0 X 0 0 0 DEBORAH ELLISTON DIRECTOR 2.0 0.0 X 0 0 0 GREGORY BARACY DIRECTOR 2.0 0.0 X 0 0 0 SCOTT SZUKAITIS DIRECTOR 2.0 0.0 X 0 0 0 ANDREW SCHMITT VICE PRESIDENT INFORMATION TECHNOLOGY 38.0 0.0 X 244016 0 48860 KEVIN FINNERAN CHIEF FINANCIAL OFFICER 38.0 0.0 X 324344 0 73437 ROBERT SANDERCOCK CHIEF EXECUTIVE OFFICER 38.0 0.0 X 2106680 0 93225 EMILY FRICKS MARKETING SUPERVISOR 38.0 0.0 X 169385 0 42605 HENRY WILLSON EXECUTIVE VICE PRESIDENT 38.0 0.0 X 513401 0 86980 JEFFREY CUSMANO VICE PRESIDENT 38.0 0.0 X 373617 0 68612 LISA KANIA BRANCH MANAGER 38.0 0.0 X 197952 0 54763 ANDREA KLEBBA EXECUTIVE ASSISTANT 38.0 0.0 X 192971 0 54087 ANNALISA DASINE Controller 38.0 0.0 X 142862 0 25460 KELLY BOROWSKI BRANCH MANAGER 38.0 0.0 X 150151 0 45018 KYLE HARRIS DIGITAL SERVICES MANAGER 38.0 0.0 X 172916 0 45820 NICHOLE HATCH BRANCH MANAGER 38.0 0.0 X 141986 0 46079 4730281 0 684946 18 false true false FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 CORE PROCESSING SYSTEM, ETC. 2446069 Lumin Digital Inc 3001 Bishop Dr Suite 110 San Ramon CA 94583 Digital banking platform 857646 CBTS - ALTAFIBER 221 E FOURTH ST CINCINNATI OH 45201 COMMUNICATION & NETWORK LINES 463556 DOXIM 1911 Woodslee Drive Troy MI 48083 Customer communications 406766 Binary Defense Systems Inc 600 Alpha Parkway Stow OH 44224 security services 195078 9 0 LOAN INTEREST 522100 25285777 25285777 FEE/OTHER INCOME 524298 3969999 3903870 66129 0 0 0 0 29255776 13988380 13988380 18000 18000 0 18000 18000 92423978 92424042 -64 0 -64 -64 0 0 0 0 0 0 43262092 43177963 66129 18000 4397877 4300375 1965661 1865811 536064 511263 9405 486000 1417991 4801439 1970654 6190 295635 10483381 530501 180278 LOAN SERVICING 3595776 PROVISION FOR LOAN LOSS 610000 OTHER OPERATING EXPENSE 364207 UBI AND EXCISE TAX 278565 0 38607073 2448595 2497509 110687232 81922219 0 0 0 0 486241293 485657606 1910109 1487202 24549442 17548426 7430560 7001016 382211804 472196357 14444763 15164215 23806754 25539804 1029181110 1091465928 8445430 9583436 0 0 923293406 964941770 931738836 974525206 X 97442274 116940722 97442274 116940722 1029181110 1091465928 X 4655019 14960223 -116794 X X false true true false 2910860 2910860 10022506 7137688 2884818 11616076 10410738 1205338 7001016 118309 C Closely-held equity interests 118309 C Financial derivatives FEDERAL AGENCY SECURITIES 189195402 C CORPORATE BONDS 122544999 C MUNICIPAL BONDS 112101942 C COLLATERALIZED MORTGAGE OBLIGATIONS 45899760 C SMALL BUSINESS ADMINISTRATION SECURITY 335945 C CERTIFICATES OF DEPOSIT 2000000 C 472196357 Federal Income Taxes MEMBER SHARES 964941770 964941770 X true true X X false false false ROBERT SANDERCOCK CHIEF EXECUTIVE OFFICER 1076592 0 85000 0 945088 0 49394 0 43831 0 2199905 0 0 0 KEVIN FINNERAN CHIEF FINANCIAL OFFICER 280812 0 40000 0 3532 0 45517 0 27920 0 397781 0 0 0 ANDREW SCHMITT VICE PRESIDENT INFORMATION TECHNOLOGY 233343 0 10000 0 673 0 16320 0 32540 0 292876 0 0 0 HENRY WILLSON EXECUTIVE VICE PRESIDENT 392413 0 55000 0 65988 0 51244 0 35736 0 600381 0 0 0 JEFFREY CUSMANO VICE PRESIDENT 317699 0 55000 0 918 0 51062 0 17550 0 442229 0 0 0 LISA KANIA BRANCH MANAGER 187524 0 10000 0 428 0 25099 0 29664 0 252715 0 0 0 EMILY FRICKS MARKETING SUPERVISOR 164558 0 4125 0 702 0 20531 0 22074 0 211990 0 0 0 ANDREA KLEBBA EXECUTIVE ASSISTANT 172802 0 20000 0 169 0 24459 0 29628 0 247058 0 0 0 KELLY BOROWSKI BRANCH MANAGER 144042 0 5500 0 609 0 18580 0 26438 0 195169 0 0 0 KYLE HARRIS DIGITAL SERVICES MANAGER 152785 0 20000 0 131 0 17610 0 28210 0 218736 0 0 0 NICHOLE HATCH BRANCH MANAGER 135788 0 6000 0 198 0 17468 0 28611 0 188065 0 0 0 ANNALISA DASINE Controller 130736 0 12000 0 126 0 17400 0 8060 0 168322 0 0 0 Schedule J, Part I, Line 1a Travel for companions Travel for companions is included with executvie travel. The credit union has policies regarding payment or reimbursement for all expenses. Travel for companions is not treated as taxable income. Form 990, Part VI, Line 6 Classes of members or stockholders The credit union has a single class of members with equal rights of ownership, governance, and voting. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The Board of Directors is elected at the annual meeting. Every year three of the nine seats are elected for a three year term. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders Credit union decisions that are subject to membership approval are mergers, field of membership changes, and by-law changes. Form 990, Part VI, Line 11b Review of form 990 by governing body A review is conducted by the CFO prioir to submission to the IRS. The returns are made available to the Board of Directors for review. Form 990, Part VI, Line 12c Conflict of interest policy All employees sign an acknowledgement of the credit union policies upon hire with each revision. Conflict of interest is included. Board members sign a code of ethics agreement which specifically addresses conflict of interest. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Board of Directors performs an evaluation of the CEO. Compensation is determined through salary survey and comparison to select peer group. It is based on an employment contract and increases are approved by the Board of Directors. CFO and key employees are evaluated by the CEO. The CEO determines the salary based on compensation surveys, etc. The last compensation review was during the budget process in 2025. Form 990, Part VI, Line 15b Process to establish compensation of other employees The Board of Directors performs an evaluation of the CEO. Compensation is determined through salary survey and comparison to select peer group. It is based on an employment contract and increases are approved by the Board of Directors. CFO and key employees are evaluated by the CEO. The CEO determines the salary based on compensation surveys, etc. The last compensation review was during the budget process in 2025. Form 990, Part VI, Line 19 Required documents available to the public Financial statements are posted in the credit union lobby. Other documents and policies are available for review upon request. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN POSTRETIREMENT HEALTH BENEFITS - -116794; Total - -116794; Form 990, Part XII, Line 2c Change of oversight process or selection process THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. Form 990, Part X, Line 5 and Schedule L SCHEDULE L IS NOT REQUIRED FOR LOANS RECEIVABLE BALANCES ON FORM 990, PART X, LINE 5 IF THE LOANS ARE MADE BY THE CREDIT UNION TO THE DIRECTORS, OFFICERS, AND KEY EMPLOYEES ON THE SAME TERMS OFFERED TO OTHER MEMBERS OF THE CREDIT UNION. THEREFORE, THE CREDIT UNION HAS INCLUDED $2,156,021 AND $1,951,629 OF RECEIVABLES FROM CURRENT OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES FOR 2025 AND 2024, RESPECTIVELY, WITHIN FORM 990, PART X, LINE 7. INTERCOUNTY FINANCIAL SERVICES INC DBA MICHIGAN EDUCATIONAL FINANCIAL SERVI CES 9200 HAGGERTY ROAD PLYMOUTH MI 48170 383245456 MORTGAGE LOAN WAREHOUSING MI MICHIGAN EDUCATIONAL CREDIT UNION C Corporation 299110 7723419 true true false false false false false false false false false false false false false false false false false false INTERCOUNTY FINANCIAL SERVICES LTD A 235053 CASH PAYMENT