2024-05-08T11:32:53-07:00 2023-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2023-01-01 381642684 CREDIT UNIONS CHARTERED IN THE STATE OF SUNRISE FAMILY CREDIT UNION CRED 9896841730 404 SOUTH EUCLID AVE BAY CITY MI 48706 JEFF RABANUS CEO 2024-05-08 true JEFF RABANUS 999009999 true Donald E Lingerfelt P00339004 8005225820 0 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z JEFF RABANUS 404 SOUTH EUCLID AVE BAY CITY MI 487063206 5505754 false X https://www.sunrisefamilycu.org/ X 1956 MI MEMBER OWNED AND MEMBER CONTROLLED FINANCIAL COOPERATIVE DEDICATED TO PROVIDING SOUND COMPREHENSIVE SERVICES TO ITS FAMILY OF MEMBERS 7 7 52 9 65183 0 3624840 3785950 1415809 1719804 0 5040649 5505754 0 0 1964991 1976228 0 0 2801796 3169495 4766787 5145723 273862 360031 142996636 138641467 136146297 130406436 6850339 8235031 MEMBER OWNED AND MEMBER CONTROLLED FINANCIAL COOPERATIVE DEDICATED TO PROVIDING SOUND COMPREHENSIVE SERVICES TO ITS FAMILY OF MEMBERS false false PROVIDE 14,265 MEMBERS WITH REGULAR SAVINGS, SHARE DRAFTS, CERTIFICATE OF DEPOSIT, IRA, MONEY MARKET AND CLUB ACCOUNTS TOTALING 20,360. PROVIDE 4,685 LOANS INCLUDING VEHICLE, PERSONAL, HOME EQUITY, MORTGAGE BUSINESS, OVERDRAFT, SHARE SECURED, INDIRECT AND CREDIT CARD LOANS. OFFER AUTOMATED TELLER MACHINES, DEBIT CARDS, MONEY ORDERS, NO COST BILL PAYER, STUDENT SCHOLARSHIPS, FINANCIAL LITERCY WORKSHOPS IN-SCHOOL, BRANCHES, COURTESY PAY AND VARIOUS INSURANCE PROGRAMS. false false false false false false false false false true true false false true false false false 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 true 380 0 true 52 true true true false false false false false false false X 7 7 false false false false true true true false false false true true false true true true false false true true false X WHITNEY SODE 9896841730 404 S EUCLID AVE BAY CITY MI 48706 JEFF RABANUS CEO 40.00 0.00 X 160719 0 26504 BARB WEILER FORMER CEO 0.00 0.00 162848 0 15125 MICHELLE HINE Vice President 40.00 0.00 X 91549 0 17355 WHITNEY SODE Vice President 40.00 0.00 X 67728 0 7797 REBECCA ARNOLD Vice President 40.00 0.00 X 45749 0 11182 CJ MONTANA Treasurer 1.00 0.00 X 0 0 0 DAVE HUNT Director 1.00 0.00 X 0 0 0 DAVID WOLTHUIS Director 1.00 0.00 X 0 0 0 LOUIS MEYETTE Chairman 1.00 0.00 X 0 0 0 DAVID ROYAL Director 1.00 0.00 X 0 0 0 JAMES VOSS Secretary 1.00 0.00 X 0 0 0 KATHERINE GRANT Director 1.00 0.00 X 0 0 0 528593 77963 2 true true false FISERV 75 REMITTANCE DRIVE CHICAGO IL 60675 DATA PROCESSOR 581268 PSCU PO BOX 37603 PHILADELPHIA PA 19101 CREDIT CARD PROCESSOR 237659 CO-OP 9692 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 DEBIT/ATM PROCESSOR 470447 3 0 FEE AND OTHER INCOME 522100 1326742 1326742 INTEREST ON LOANS 522100 2394025 2394025 NON-MEMBER ATM 525990 65183 65183 3785950 1719804 1719804 0 0 0 0 0 0 0 0 5505754 5440571 65183 0 0 0 0 428583 0 1138161 90255 177086 142143 0 4862 0 0 0 0 0 124079 511675 505846 0 348709 4034 0 71855 278504 10103 84596 40335 PRO SERVICES 724832 LOAN SERVICING EXPENSE 362093 PROVISION FOR CREDIT LOSSES 62281 OTHER 35691 0 5145723 0 0 0 1347458 990605 24454229 30497777 0 268991 0 0 44984717 46844130 0 219826 242460 6865613 3144419 3772038 3721194 65878136 44891070 418300 8276936 0 0 1921932 2908304 142996636 138641467 725578 2345219 135420719 128061217 136146297 130406436 X 6850339 8235031 6850339 8235031 142996636 138641467 X 360031 1294344 -91710 X false false false 666222 666222 4727475 2046679 2680796 93273 93273 1378643 1097740 280903 3721194 8276936 MEMBER SHARES 127322846 OTHER LIABILITIES 738371 128061217 false false false BARB WEILER FORMER CEO 162848 9577 5548 177973 JEFF RABANUS CEO 160719 16906 9598 187223 Form 990, Part VI, Section A, Line 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE AND VOTING. Form 990, Part VI, Section A, Line 7a THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEETING. EACH BOARD MEMBER IS ELECTED FOR A THREE YEAR TERM. Form 990, Part VI, Section A, Line 7b CREDIT UNION DECISIONS THAT ARE SUBJECT TO MEMBERSHIP APPROVAL ARE MERGERS. Form 990, Part VI, Section B, Line 11b A REVIEW IS CONDUCTED BY THE VP ACCOUNTING PRIOR TO SUBMISSION TO THE IRS. SUBSEQUENT TO FIING, THE BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF THE 990 RETURNS SUBMITTED. Form 990, Part VI, Section B, Line 12c THE SUPERVISORY COMMITTEE IS RESPONSIBLE FOR MONITORING AND ENFORCING COMPLIANCE. THE COMMITTEE DOES REGULAR AUDITS OF ACCOUNTS AND RLATIONSHIPS. Form 990, Part VI, Section B, Line 15a THE BOARD OF DIRECTORS APPOINTS A PERSONNEL COMMITTEE THAT DISTRIBUTES EVALUATION FORMS TO THE BOARD OF DIRECTORS. THE PERSONNEL COMMITTEE'S SUMMARY OF INFORMATION IS PRESENTED TO THE BOARD OF DIRECTORS AND THE PRESIDENT/CEO. THE MCUL COMPENSATION SURVEY IS REVIEWED ANNUALLY. SALARY INCREASES ARE BASED ON PERFORMANCE BY THE PRESIDENT/CEO OF THE STANDARDS THAT WERE SET. THE PRESIDENT/CEO PERFORMS AN EVALUATION OF THE VP ACCOUNTING. SALARY INCREASES ARE GIVEN BY THE PRESIDENT/CEO. THE BOARD OF DIRECTORS APPROVES A SALARY RANGE FOR ALL EMPLOYEES EACH YEAR. Form 990, Part VI, Section B, Line 15b THE PRESIDENT/CEO PERFORMS AN EVALUATION OF THE VP ACCOUNTING. SALARY INCREASES ARE GIVEN BY THE PRESIDENT/CEO. THE BOARD OF DIRECTORS APPROVES A SALARY RANGE FOR ALL EMPLOYEES EACH YEAR. Form 990, Part VI, Section C, Line 19 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 ONE TIME CECL ADJUSTMENT = -$89160 Form 990, Part XI, Line 9 OTHER ADJUSTMENT = -$2550