2024-11-14T16:30:37-06:00 2023-12-31 382492570 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2023-01-01 381686050 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN CRED 2693829845 6400 W MAIN ST KALAMAZOO MI 49009 JEFF FIELDER PRESIDENT & CEO 2693829845 2024-11-09 1 0 JOHN J MURNANE JR P03021572 3052328272 2024-11-09 2023 2024-10-15 13:58:12Z ADVIA CREDIT UNION JEFFREY FIELDER 6400 W MAIN ST KALAMAZOO MI 49009 183817900 0 X WWW.ADVIACU.ORG X 1935 MI TO PROVIDE FINANCIAL ADVANTAGES TO OUR MEMBERS THROUGH THE OFFERING OF A FULL RANGE OF FINANCIAL PRODUCTS AND SERVICES. 8 8 717 8 502569 277815 0 1826265 117964992 146528131 19226458 34790379 0 0 137191450 183144775 313929 411212 0 0 43067204 42434244 0 0 0 62044045 105313676 105425178 148159132 31766272 34985643 2892338087 2987053945 2650318240 2713958533 242019847 273095412 PROVIDE COMPETITIVE DEPOSIT AND LOAN PRODUCTS TO OUR MEMBERSHIP BASE. 0 0 LOW-COST COMPETITIVE LENDING PRODUCTS (INTEREST INCOME) LOW-COST PAYMENT SOLUTIONS (DEBIT/CREDIT INTERCHANGE) COMPETITIVE MEMBERSHIP AND ACCOUNT-RELATED FEES (OVERDRAFT/NSF FEES) 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 67546 0 1 717 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X JEFFREY FIELDER 8442384228 6400 W MAIN ST KALAMAZOO MI 49009 DONNA KALMETA V. CHAIR/BOD 1.00 X 0 0 0 RICHARD SEIM SECRETARY/BOD 1.00 X 0 0 0 MARTIN DOORN DIRECTOR/BOD 1.00 X 0 0 0 NICOLE KALMBACH CHAIR/BOD 1.00 X 0 0 0 JAMES BOUMA DIRECTOR/BOD 1.00 X 0 0 0 MIKE SEGAL TREASURER/BOD 1.00 X 0 0 0 GRACE LUBWAMA DIRECTOR/BOD 1.00 X 0 0 0 RAFAEL CASTANEDA ASSOCIATE DIRECTOR/BOD 1.00 X 0 0 0 JEFFREY FIELDER PRESIDENT/CEO 40.00 X 748057 0 261818 DUSTIN ADAMS CHIEF FINANCIAL OFFICER 40.00 X 303869 0 18896 RAYMOND BLACK CHIEF OPERATING OFFICER 40.00 X 355120 0 104716 TIMOTHY MERWIN CHIEF LENDING OFFICER 40.00 X 359084 0 103758 RENAE SISK CHIEF PEOPLE OFFICER 40.00 X 255350 0 15553 JEFFREY BOLSER CHIEF RETAIL OFFICER 40.00 X 220787 0 28757 LINDEN BUCK VP OF INDIRECT SERVICES 40.00 X 221044 0 24838 ERIC STOLL VP OF COMMERCIAL SERVICES 40.00 X 203072 0 19324 ROBERT MOORE VP OF IT 40.00 X 193109 0 41519 NANCY LOFTIS VP OF MARKETING 40.00 X 196850 0 10484 CHRISTOPHER SCHNEIDER COMMERCIAL LENDING MANAGER 40.00 X 233044 0 23421 3289386 0 653084 47 0 1 0 CO-OP SHARED BRANCHING 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 ATM/CARD SERVICES 1948761 JAMES AND MATTHEW COMPANY 2 SHAKER RD STE D220 SHIRLEY MA 01464 ADVERTISING 1778906 Q2 SOFTWARE INC 10355 PECAN PARK BLVD AUSTIN TX 78729 SOFTWARE 1557032 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 SOFTWARE 1276370 RIVER RUN PRESS 600 SHOPPERS LN PARCHMENT MI 49004 PRINTING 1174700 62 1826265 1826265 INCOME FROM LOANS 522100 110923335 110923335 OTHER INCOME 522100 22449618 22449618 FEES AND CHARGES 522100 12652609 12652609 FINANCE AND INSURANCE 520000 502569 502569 146528131 34043408 34043408 1420096 673125 746971 746971 746971 183144775 146772533 502569 34043408 X 379212 32000 2775765 30406896 2546139 4309072 2396372 612139 53636 145200 106765 613929 2355212 6199963 7239949 4141864 439416 64849254 108668 4968289 368397 UBIT EXPENSE 58356 DEBIT/CREDIT CARD EXPEN 5706240 ATM EXPENSES 4095923 LOAN SERVICING 3954625 -704149 148159132 62536073 56205297 82347249 123226228 5931427 3809255 17458067 14454135 2161311880 2294992913 3227106 4327435 105490553 35819490 71251726 69671063 337035543 283981332 72400369 62124208 30877868 29671602 47960779 44590477 2892338087 2987053945 33213644 34498346 165000000 155000000 2452104596 2524460187 2650318240 2713958533 X 0 0 0 0 242019847 273095412 242019847 273095412 2892338087 2987053945 X 34985643 9026458 -12936536 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11317317 11317317 59670468 13242661 46427807 933756 322289 611467 33569012 22254540 11314472 69671063 SAVINGS AND CLUB 524675994 MONEY MARKET 709718387 SHARE DRAFT 536494339 CERTIFICATES 722831922 IRA CERTIFICATES 30739545 2524460187 X 183144775 0 183144775 0 183144775 148159132 0 148159132 0 148159132 PART X, LINE 2: INCOME TAX IS NOT PROVIDED IN THE STATEMENTS OF INCOME AS THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES EXCEPT FOR UNRELATED BUSINESS INCOME. 1 ADVIA FOUNDATION 6400 W MAIN ST KALAMAZOO MI 49009 472281678 501(C)(3) 15000 0 CHARITABLE CONTRIBUTION BIG BROTHERS BIG SISTERS A COMMUNITY OF CARING 3501 COVINGTON RD KALAMAZOO MI 49001 381720832 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION CITY OF PARCHMENT 650 S RIVERVIEW PARCHMENT MI 49004 386004642 MUNICIPALITY 5500 0 CHARITABLE CONTRIBUTION COMMUNITY HOMEWORKS 810 BRYANT ST KALAMAZOO MI 49008 271037159 501(C)(3) 7500 0 SPONSORSHIP DRIVE FOR LIFE FOUNDATION 4201 STADIUM DRIVE KALAMAZOO MI 49008 823209896 501(C)(3) 6000 0 SPONSORSHIP ECUMENICAL SENIOR CENTER 702 N BURDICK ST KALAMAZOO MI 49007 383021624 C CORPORATION 5500 0 SPONSORSHIP FAMILY HEALTH PARTNERSHIP 401 CONGRESS PKWY CRYSTAL LAKE IL 60014 364277029 501(C)(3) 8000 0 SPONSORSHIP HOME BUILDERS ASSOCIATION OF WESTERN MICHIGAN 5700 W MICHIGAN AVE KALAMAZOO MI 49009 381328661 501(C)(6) 13495 0 SPONSORSHIP KALAMAZOO BASEBALL LLC 251 MILLS ST KALAMAZOO MI 49048 320394932 LLC 41149 0 ATHLETIC SPONSORSHIP PORT HURON PRO HOCKEY LLC 701 MCMORRAN BLVD PORT HURON MI 48060 473987711 LLC 9500 0 SPONSORSHIP STADIUM MANAGEMENT COMPANY 3600 VAN RICK DR KALAMAZOO MI 49001 382048040 C CORPORATION 10000 0 ATHLETIC SPONSORSHIP VAN WAGNER TWELVE HOLDINGS LLC 800 3RD AVE 28TH FLOOR NEW YORK NY 10022 481290227 LLC 30000 0 SPONSORSHIP 5 7 CHERYL DEBOER SOAR HIGHER AWARD 2 10000 VISA GIVEAWAY 3 11000 LOAN GIVEAWAY 1 5000 SUMMER TRAVEL GIVEAWAY 1 3000 HELOC GIVEAWAY 1 3000 PART I, LINE 2: THE AMOUNTS PAID TO THE ORGANIZATIONS ARE CONSIDERED DONATIONS, NOT GRANTS, SO THERE IS NO MONITORING. PART III THE SOAR HIGHER AWARD, INTRODUCED FOR THE FIRST TIME IN 2023, IS DESIGNED SPECIFICALLY FOR WESTERN MICHIGAN UNIVERSITY'S COLLEGE OF AVIATION STUDENTS CURRENTLY ENROLLED OR RECENTLY ACCEPTED INTO THE PROGRAM. REMAINING GIVEAWAYS ARE MARKETING GIVEAWAYS FOR WHICH INDIVIDUALS MUST MEET CERTAIN CRITERIA FOR EACH GIVEAWAY IN ORDER TO ENTER. THE INDIVIDUAL IS SELECTED FROM THOSE ELIGIBLE. X X 1 1 X X X X X 0 1 0 JEFFREY FIELDER PRESIDENT/CEO 635654 0 87540 0 24863 0 227481 0 34337 0 1009875 0 0 0 TIMOTHY MERWIN CHIEF LENDING OFFICER 300353 0 51803 0 6928 0 79998 0 23760 0 462842 0 0 0 RAYMOND BLACK CHIEF OPERATING OFFICER 300569 0 52019 0 2532 0 82708 0 22008 0 459836 0 0 0 DUSTIN ADAMS CHIEF FINANCIAL OFFICER 271626 0 30953 0 1290 0 5084 0 13812 0 322765 0 0 0 RENAE SISK CHIEF PEOPLE OFFICER 224847 0 23421 0 7082 0 11107 0 4446 0 270903 0 0 0 CHRISTOPHER SCHNEIDER COMMERCIAL LENDING MANAGER 115498 0 114074 0 3472 0 6494 0 16927 0 256465 0 0 0 JEFFREY BOLSER CHIEF RETAIL OFFICER 202123 0 17751 0 913 0 10241 0 18516 0 249544 0 0 0 LINDEN BUCK VP OF INDIRECT SERVICES 141236 0 74680 0 5128 0 7807 0 17031 0 245882 0 0 0 ROBERT MOORE VP OF IT 167155 0 23510 0 2444 0 8363 0 33156 0 234628 0 0 0 ERIC STOLL VP OF COMMERCIAL SERVICES 177271 0 23533 0 2268 0 7809 0 11515 0 222396 0 0 0 NANCY LOFTIS VP OF MARKETING 166504 0 22301 0 8045 0 8062 0 2422 0 207334 0 0 0 PART I, LINE 4B THE ORGANIZATION OFFERS A 457(F) NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT TO SELECT EXECUTIVE OFFICERS AT THE CREDIT UNION. DURING 2023, THE CREDIT UNION ACCRUED FOR THE THREE FOLLOWING EMPLOYEES: JEFFREY FIELDER- $204,231 RAYMOND BLACK- $67,290 TIMOTHY MERWIN- $64,645 JEFFREY FIELDER, RAYMOND BLACK AND TIMOTHY MERWIN PARTICIPATED IN A SPLIT DOLLAR COLLATERAL INSURANCE SUPPLEMENTAL RETIREMENT PLAN. THEIR LOANS RELATED TO THIS PLAN ARE REPORTED ON SCHEDULE L. CHERYL DEBOER FORMER PRESIDENT/CEO TO FUND LIFE INSURANCE POLICY X 5400000 5543737 0 1 1 JEFFREY FIELDER PRESIDENT/CEO TO FUND LIFE INSURANCE POLICY X 9200000 6679368 0 1 1 RAYMOND BLACK COO TO FUND LIFE INSURANCE POLICY X 1604663 1513873 0 1 1 TIMOTHY MERWIN CLO TO FUND LIFE INSURANCE POLICY X 716572 717157 0 1 1 14454135 FORM 990, SCH L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." ALTHOUGH THE IRS REQUIRES REPORTING IN PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANTS NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ARE ALLOWED TO ELECT DIRECTORS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BOARD MEMBERS ARE INFORMED OF THE COMPLETION OF THE FORM 990 AND THAT A COPY IS AVAILABLE FOR THEIR REVIEW UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS SIGNED EVERY YEAR AT THE ANNUAL MEETING. AT THE BEGINNING OF EVERY BOARD MEETING, BOARD MEMBERS ARE ASKED IF THERE ARE POTENTIAL OR ACTUAL CONFLICTS WITH ANY OF THE BOARD ITEMS. FORM 990, PART VI, SECTION B, LINE 15 A COMMITTEE OF THE BOARD PREPARES A WRITTEN EVALUATION OF THE CEO AND OBTAINS COMPARABLE SURVEYS. FORM 990, PART VI, SECTION C, LINE 19 RECORDS ARE MADE AVAILABLE IN ACCORDANCE WITH THE MICHIGAN CREDIT UNION ACT AND NCUA RULES AND REGULATIONS. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 613,929. FORM 990, PART IX, LINE 24E OTHER OPERATING EXPENSES 1,562,637. MAINTENANCE 642,531. NCUA PREMIUM ASSESSMENT 480,000. TRAINING/BUSINESS DEVELOPMENT 337,823. PROVISION FOR LOAN LOSSES -3,727,140. FORM 990, PART XI, LINE 9: CHANGE IN POST RETIREMENT BENEFIT 542,375. CUMULATIVE EFFECT FROM CHANGE IN ACCOUNTING PRINCIPLE -13,478,911. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. ADVIA REAL ESTATE HOLDINGS LLC 6400 W MAIN ST KALAMAZOO MI 49009 381686050 HOLDING COMPANY FOR CORPORATE HEADQUARTERS AND LEASABLE SQUARE FOOTAGE MI 0 42111562 ADVIA CREDIT UNION ADVIA FOUNDATION 6400 W MAIN ST KALAMAZOO MI 49009 472281678 COMMUNITY GRANTS MI 501(C)(3) LINE 7 ADVIA CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0