CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (EIN 38-0703992)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-05
IRS object ID: 202423109349302647
Schema version: 2023v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule I
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-05T15:56:32+00:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	350921680	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CROWE LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	9600 Brownsboro Road Suite 400	AddressLine1Txt
City	Louisville	CityNm
State Abbreviation	KY	StateAbbreviationCd
ZIP	402413902	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	380703992	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Arbor Financial Credit Union	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ARBO	BusinessNameControlTxt
Phone	2693756702	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1551 South 9th Street	AddressLine1Txt
City	Kalamazoo	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	490099327	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	EARLE SHELNER II	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	2695443471	PhoneNum
Signature	2024-11-05	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Kim Scifres	PreparerPersonNm
PTIN	P01316095	PTIN
Phone	5023263996	PhoneNum
Preparation	2024-11-05	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Julie Blitchok	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1551 South 9th Street	AddressLine1Txt
City	Kalamazoo	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	490099327	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$73,368,790	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	www.arborfcu.org	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1935	FormationYr
Legal Domicile State	MI	LegalDomicileStateCd
Activity Or Mission	THE CREDIT UNION'S OPERATIONS INCLUDE HOLDING DEPOSITS FOR AND MAKING LOANS TO INDIVIDUALS WHO WORK OR RESIDE IN THE STATE OF MICHIGAN.	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	287	TotalEmployeeCnt
Total Volunteers	7	TotalVolunteersCnt
Total Gross UBI	$215,572	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$38,701,166	PYProgramServiceRevenueAmt
CY Program Service Revenue	$45,312,594	CYProgramServiceRevenueAmt
PY Investment Income	$2,130,873	PYInvestmentIncomeAmt
CY Investment Income	$3,468,361	CYInvestmentIncomeAmt
PY Other Revenue	$1,767,537	PYOtherRevenueAmt
CY Other Revenue	$1,412,497	CYOtherRevenueAmt
PY Total Revenue	$42,599,576	PYTotalRevenueAmt
CY Total Revenue	$50,193,452	CYTotalRevenueAmt
PY Grants And Similar Paid	$24,000	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$20,000	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$15,731,711	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$15,710,310	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$21,071,794	PYOtherExpensesAmt
CY Other Expenses	$29,476,134	CYOtherExpensesAmt
PY Total Expenses	$36,827,505	PYTotalExpensesAmt
CY Total Expenses	$45,206,444	CYTotalExpensesAmt
PY Revenues Less Expenses	$5,772,071	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$4,987,008	CYRevenuesLessExpensesAmt
Total Assets BOY	$882,512,715	TotalAssetsBOYAmt
Total Assets EOY	$969,394,713	TotalAssetsEOYAmt
Total Liabilities BOY	$826,775,679	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$911,404,946	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$55,737,036	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$57,989,767	NetAssetsOrFundBalancesEOYAmt
Mission	THE CREDIT UNION'S OPERATIONS INCLUDE HOLDING DEPOSITS FOR AND MAKING LOANS TO INDIVIDUALS WHO WORK OR RESIDE IN THE STATE OF MICHIGAN.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	Allowing members access to capital through mortgages, automobile loans, and other consumer loans.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	Allowing members direct access to their checking account at merchants through our debit card program, and access to credit through our credit card program.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Desc	Allowing members access to over 30,000 ATMS throughout the US through our ATM networking program.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$0	TotalProgramServiceExpensesAmt
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	Yes (true)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Loan Outstanding	Yes (true)	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	23481	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	287	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	7	GoverningBodyVotingMembersCnt
Independent Voting Member	7	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (true)	MembersOrStockholdersInd
Election Of Board Members	Yes (true)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (true)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	Yes (true)	LocalChaptersInd
Policies Reference Chapters	Yes (true)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Earle Shelner II	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2695443471	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1551 S 9th Street	AddressLine1Txt
City	Kalamazoo	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	49009	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
Arthur Parker
Treasurer	10.0	Yes (X)	Yes (X)	$0	$0	$0
David Aubry
Chairman	30.0	Yes (X)	Yes (X)	$0	$0	$0
Joni LaPointe
Secretary	10.0	Yes (X)	Yes (X)	$0	$0	$0
Richard Cahow
Vice-Chairman	10.0	Yes (X)	Yes (X)	$0	$0	$0
Jeff Powless
Director	10.0	Yes (X)		$0	$0	$0
Josie Wyne
Director	10.0	Yes (X)		$0	$0	$0
Kimberly Rohr
Director	10.0	Yes (X)		$0	$0	$0
Earle D Shelner II
Chief Financial Officer	50.0		Yes (X)	$242,431	$0	$52,715
Julie A Blitchok
President/CEO	50.0		Yes (X)	$556,667	$0	$125,447
Arlene C Horton
VP of Talent Strategy and Organization	50.0			$280,600	$0	$50,684	Yes (X)
James O Blankenship
VP Information Systems	50.0			$198,141	$0	$41,796	Yes (X)
Susan Weir
VP of Mortgage Lending	50.0			$164,314	$0	$40,484	Yes (X)
Tamara L Phelps
VP Operations	50.0			$186,615	$0	$41,247	Yes (X)
Christine E Ferguson
VP Marketing	50.0			$166,054	$0	$44,506		Yes (X)
Christopher Jacobs
VP of Consumer Lending	50.0			$146,741	$0	$39,160		Yes (X)
Cullen McKinley
VP of Commercial Lending	50.0			$137,505	$0	$39,857		Yes (X)
Karen Demars
Director of Credit & Loan Servicing	40.0			$117,651	$0	$36,311		Yes (X)
Mark Gilbert
Mortgage Loan Originator	40.0			$122,145	$0	$38,321		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$2,318,864	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$550,528	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	15	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt	Address Line2ContractorAddress/USAddress/AddressLine2Txt
PSCU
560 CARILLON PARKWAY	ST PETERSBURG	FL	33716	CREDIT CARD AND DEBIT CARD PROCESSOR	$3,404,837
FISERV
75 REMITTANCE DRIVE DEPT 1649	CHICAGO	IL	60197	CORE SYSTEM PROCESSOR	$2,420,150
QUALITY ACQUISITIONS LLC
700 Mall Drive	Portage	MI	49001	Building Leasing	$209,898	PP Box 2470
SERVICEMASTER OF KALAMAZOO
3344 Ravine Rd	Kalamazoo	MI	49006	Commercial Cleaning Services	$173,081
UPSTART
2950 S DELWARE	SAN MATEO	IL	94403	Indirect Unsecured Loan Origination and Servicing	$172,853

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	14	CntrctRcvdGreaterThan100KCnt
Total Contributions	$0	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
INCOME ON MEMBER LOANS	522100	$33,473,675	$33,473,675
FEES AND CHARGES	522100	$11,838,919	$11,781,886	$57,033

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$45,312,594	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,992,941	TotalRevenueColumnAmt
Exclusion	$2,992,941	ExclusionAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt
Personal	$0	PersonalAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$6,309,070	SecuritiesAmt
Other	$17,341,688	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$6,309,070	SecuritiesAmt
Other	$16,866,268	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$0	SecuritiesAmt
Other	$475,420	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$475,420	TotalRevenueColumnAmt
Exclusion	$475,420	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
Visa Growth & Marketing Agreements	523930	$410,500	$410,500
Life Insurance Income	524298	$337,324	$337,324
Wealth Management Income	523930	$57,075		$57,075

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$607,598	TotalRevenueColumnAmt
Related Or Exempt Func Income	$506,134	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$101,464	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$1,412,497	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$50,193,452	TotalRevenueColumnAmt
Related Or Exempt Func Income	$46,509,519	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$215,572	UnrelatedBusinessRevenueAmt
Exclusion	$3,468,361	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$20,000	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,981,141	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$10,785,622	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$683,855	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,323,609	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$936,083	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$89,747	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$217,080	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$267,670	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$703,608	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,943,973	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$2,739,258	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,224,033	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$23,255	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$233,424	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$12,564,480	TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$46,098	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,103,337	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$538,898	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
VISA AND MASTERCARD EXPENSES	$2,295,947
LOAN SERVICING EXPENSE	$1,606,903
DEBIT EXPENSES	$1,596,108
PROVISION FOR LOAN LOSS	$1,413,109

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$869,206	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$45,206,444	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$4,085,693	BOYAmt
EOY	$4,057,862	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$6,634,518	BOYAmt
EOY	$74,792,117	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$8,096,059	BOYAmt
EOY	$7,994,951	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$711,563,627	BOYAmt
EOY	$737,230,019	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$594,839	BOYAmt
EOY	$1,151,248	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$34,089,224	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$12,445,292	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$22,625,447	BOYAmt
EOY	$21,643,932	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$91,811,994	BOYAmt
EOY	$85,083,410	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$9,062,000	BOYAmt
EOY	$9,062,000	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$28,038,538	BOYAmt
EOY	$28,379,174	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$882,512,715	BOYAmt
EOY	$969,394,713	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$13,847,631	BOYAmt
EOY	$10,309,577	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$3,201,690	BOYAmt
EOY	$2,912,144	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$101,440,180	BOYAmt
EOY	$156,000,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$708,286,178	BOYAmt
EOY	$742,183,225	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$826,775,679	BOYAmt
EOY	$911,404,946	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$55,737,036	BOYAmt
EOY	$57,989,767	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$55,737,036	BOYAmt
EOY	$57,989,767	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$882,512,715	BOYAmt
EOY	$969,394,713	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$4,987,008	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$936,493	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$1,797,784	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	false	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (true)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,781,999	OtherCostOrOtherBasisAmt
Book Value	$5,781,999	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$17,529,577	OtherCostOrOtherBasisAmt
Depreciation	$4,045,382	DepreciationAmt
Book Value	$13,484,195	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$144,758	OtherCostOrOtherBasisAmt
Depreciation	$133,074	DepreciationAmt
Book Value	$11,684	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$8,263,945	OtherCostOrOtherBasisAmt
Depreciation	$7,115,242	DepreciationAmt
Book Value	$1,148,703	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,368,945	OtherCostOrOtherBasisAmt
Depreciation	$1,151,594	DepreciationAmt
Book Value	$1,217,351	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$21,643,932	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBER SHARES AND SAVINGS ACCOUNTS	Desc
Amt	$742,183,225	Amt

Field	Value	IRS element (for citing)
Total Liability	$742,183,225	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$50,193,452	TotalRevEtcAuditedFinclStmtAmt
Other Revenue	$0	OtherRevenueAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$50,193,452	RevenueSubtotalAmt
Other Revenues Not Included	$0	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$50,193,452	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$45,206,444	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$0	OtherExpensesIncludedAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$45,206,444	ExpensesSubtotalAmt
Other Expenses Not Included	$0	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$45,206,444	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Schedule D, Part IV, Line 2b Explanation of escrow agreement

Arbor has an escrow custodial account set up for each of our investors. We are a service-retained organization, which collects the escrow funds, performs escrow analysis, and disburses funds to appropriate tax and/or insurance authorities.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

Income Taxes: The Credit Union is exempt, by statute, from federal taxes on income related to the exempt purpose of the Credit Union. The Credit Union is a state-chartered credit union described in Internal Revenue Code (IRC) Section 501(c)(14). As such, the Credit Union is exempt from federal taxation of income derived from the performance of activities that are in furtherance of its exempt purposes. However, IRC Section 511 imposes a tax on the unrelated business income (as defined in Section 512) derived by state-chartered credit unions. The IRS ruled certain products and services to be subject to taxation as unrelated business income. The Credit Union has assessed its activities and any potential federal or state income tax liability. In the opinion of management, any liability arising from federal or state taxation of activities deemed to be unrelated to its exempt purpose is not expected to have a material effect on the Credit Union's financial condition or results of operations. The Credit Union's income tax filings are subject to audit by various taxing authorities for open tax periods starting in 2020 going forward.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIPS	GrantTypeTxt
Recipient	10	RecipientCnt
Cash Grant	$20,000	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule I, Part III, Column (a) Type of Grant or Assistance	Scholarships are awarded to high school seniors who demonstrate academic achievement, community involvement and financial need.
Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.	THE CREDIT UNION CHOOSES SCHOLARSHIP RECIPIENTS BASED ON CERTAIN CRITERIA AND KEEPS SUPPORTING DOCUMENTS FOR THEIR DECISIONS.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (true)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Julie A Blitchok
President/CEO	$456,115	$0	$77,684	$0	$22,868	$0	$102,133	$0	$23,314	$0	$682,114	$0	$0	$0
Earle D Shelner II
Chief Financial Officer	$216,052	$0	$24,862	$0	$1,517	$0	$25,171	$0	$27,544	$0	$295,146	$0	$0	$0
Arlene C Horton
VP of Talent Strategy and Organization	$162,888	$0	$109,733	$0	$7,979	$0	$28,650	$0	$22,034	$0	$331,284	$0	$0	$0
James O Blankenship
VP Information Systems	$175,516	$0	$20,978	$0	$1,647	$0	$20,103	$0	$21,693	$0	$239,937	$0	$0	$0
Tamara L Phelps
VP Operations	$165,236	$0	$19,624	$0	$1,755	$0	$19,414	$0	$21,833	$0	$227,862	$0	$0	$0
Susan Weir
VP of Mortgage Lending	$145,301	$0	$18,073	$0	$940	$0	$17,317	$0	$23,167	$0	$204,798	$0	$0	$0
Christine E Ferguson
VP Marketing	$147,459	$0	$17,698	$0	$897	$0	$17,273	$0	$27,233	$0	$210,560	$0	$0	$0
Christopher Jacobs
VP of Consumer Lending	$130,439	$0	$16,015	$0	$287	$0	$14,366	$0	$24,794	$0	$185,901	$0	$0	$0
Cullen McKinley
VP of Commercial Lending	$126,120	$0	$10,760	$0	$625	$0	$14,463	$0	$25,394	$0	$177,362	$0	$0	$0
Mark Gilbert
Mortgage Loan Originator	$111,401	$0	$10,407	$0	$337	$0	$12,927	$0	$25,394	$0	$160,466	$0	$0	$0
Karen Demars
Director of Credit & Loan Servicing	$106,306	$0	$9,744	$0	$1,601	$0	$12,128	$0	$24,183	$0	$153,962	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan	FormAndLineReferenceDesc
Explanation	Julie Blitchok, CEO, participates in a split dollar life insurance plan. Premiums paid on behalf of the executive is treated as a loan. See schedule L for more detail on loan. Arbor Financial Credit Union also provides a supplemental nonqualified retirement plan for the CEO. The organization makes annual contributions to the plan. CONTRIBUTIONS TO THE PLAN FOR 2023 ARE AS FOLLOWS: $79,646 There were no distributions made from the plan during 2023.	ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (22 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
Julie Blitchok
CEO	Split Dollar Life Insurance Treated As Loan	Yes (X)	$4,480,403	$5,161,394	false	Yes (true)	Yes (true)
(no name)
EXECUTIVE	MORTGAGE 25 YR	Yes (X)	$464,000	$427,799	false	Yes (true)	Yes (true)
(no name)
EXECUTIVE	NEW AUTO	Yes (X)	$40,000	$23,966	false	Yes (true)	Yes (true)
(no name)
EXECUTIVE	MORTGAGE 20 YEAR	Yes (X)	$375,000	$347,048	false	Yes (true)	Yes (true)
(no name)
EXECUTIVE	NEW AUTO	Yes (X)	$30,000	$19,828	false	Yes (true)	Yes (true)
(no name)
KEY EMPLOYEE	MORTGAGE 20 YEAR	Yes (X)	$125,000	$111,983	false	Yes (true)	Yes (true)
(no name)
KEY EMPLOYEE	MORTGAGE 20 YEAR	Yes (X)	$233,000	$128,971	false	Yes (true)	Yes (true)
(no name)
KEY EMPLOYEE	UNSECURED	Yes (X)	$8,000	$2,665	false	Yes (true)	Yes (true)
(no name)
KEY EMPLOYEE	MORTGAGE 30 YEAR	Yes (X)	$454,000	$436,039	false	Yes (true)	Yes (true)
(no name)
KEY EMPLOYEE	MORTGAGE 30 YEAR	Yes (X)	$110,400	$108,605	false	Yes (true)	Yes (true)
(no name)
EXECUTIVE	USED AUTO	Yes (X)	$27,424	$8,693	false	Yes (true)	Yes (true)
(no name)
EXECUTIVE	MORTGAGE 30 YEAR	Yes (X)	$247,800	$223,964	false	Yes (true)	Yes (true)
(no name)
EXECUTIVE	MORTGAGE 20 YEAR	Yes (X)	$140,800	$130,230	false	Yes (true)	Yes (true)
(no name)
KEY EMPLOYEE	MORTGAGE 7 YEAR	Yes (X)	$79,950	$57,599	false	Yes (true)	Yes (true)
(no name)
Executive	RECREATIONAL VEHICLE	Yes (X)	$18,000	$12,479	false	Yes (true)	Yes (true)
(no name)
EXECUTIVE	UNSECURED	Yes (X)	$5,000	$5,000	false	Yes (true)	Yes (true)
(no name)
EXECUTIVE	NEW AUTO	Yes (X)	$30,000	$22,706	false	Yes (true)	Yes (true)
(no name)
EXECUTIVE	NEW AUTO	Yes (X)	$39,502	$37,705	false	Yes (true)	Yes (true)
(no name)
HIGHEST COMPENSATED	MORTGAGE 30 YEAR	Yes (X)	$392,000	$309,894	false	Yes (true)	Yes (true)
(no name)
HIGHEST COMPENSATED	MORTGAGE 30 YEAR	Yes (X)	$417,500	$400,266	false	Yes (true)	Yes (true)
(no name)
EXECUTIVE	USED AUTO	Yes (X)	$21,423	$6,213	false	Yes (true)	Yes (true)
(no name)
HIGHEST COMPENSATED	USED AUTO	Yes (X)	$18,500	$11,904	false	Yes (true)	Yes (true)

Field	Value	IRS element (for citing)
Total Balance Due	$7,994,951	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (12 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part I, Line 1 Description of Organization Mission:	Work or reside within the State of Michigan.
Form 990, Part VI, Line 1a Delegate broad authority to a committee	The personnel committee is the same as the full board with different leadership & has the authority to act on behalf of the board.
Form 990, Part VI, Line 6 Classes of members or stockholders	EVERY INDIVIDUAL THAT HAS AN ACCOUNT WITH THE CREDIT UNION IS CONSIDERED A MEMBER.
Form 990, Part VI, Line 7a Members or stockholders electing members of governing body	AS A CREDIT UNION, WE HAVE A MEMBERSHIP THAT HAS THE AUTHORITY TO VOTE FOR THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. WE ARE REQUIRED TO HOLD AN ANNUAL MEETING, WHERE THE MEMBERSHIP CAN VOTE FOR THE BOARD OF DIRECTORS UP FOR NOMINATION.
Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders	THE DECISIONS ARE APPROVED AT THE ANNUAL MEETING. THEY ALSO CAN REVIEW THE MONTHLY AND YEAR TO DATE FINANCIAL STATEMENTS THAT ARE REQUIRED TO BE POSTED IN THE LOBBY. AS FOR DAY TO DAY DECISIONS, THEY DO NOT OVERSEE OR APPROVE ACTIONS.
Form 990, Part VI, Line 11b Review of form 990 by governing body	A COPY of the Form 990 was PROVIDED FOR THE BOARD OF DIRECTORS TO REVIEW PRIOR TO FILING WITH THE IRS.
Form 990, Part VI, Line 12c Conflict of interest policy	ALL DIRECTORS AND EMPLOYEES ARE REQUIRED TO SIGN A POLICY STATEMENT ANNUALLY AND TO SUBMIT CHANGES DURING THE YEAR. If there is a conflict of interest with an employee, it is brought up through HR and noted in the file. If there is a conflict of interest with an executive it is noted with both HR and the CEO to be kept in their file, and they would no longer be permitted to sign any contracts.
Form 990, Part VI, Line 15a Process to establish compensation of top management official	WE UTILIZE AN OUTSIDE CONSULTANT, AS WELL AS INDUSTRY PUBLICATIONS TO SET THE RANGES OF ALL INDIVIDUALS PAID AT THE CREDIT UNION. ALL SALARY RANGES FOR ALL EMPLOYEES ARE APPROVED BY THE BOARD OF DIRECTORS AT A REGULARLY SCHEDULED MEETING. This meeting was last performed in December 2023. This process is documented in executive committee minutes.
Form 990, Part VI, Line 15b Process to establish compensation of other employees	WE UTILIZE AN OUTSIDE CONSULTANT, AS WELL AS INDUSTRY PUBLICATIONS TO SET THE RANGES OF ALL INDIVIDUALS PAID AT THE CREDIT UNION. ALL SALARY RANGES FOR ALL EMPLOYEES ARE APPROVED BY THE BOARD OF DIRECTORS AT A REGULARLY SCHEDULED MEETING. This meeting was last performed in December 2023. This process is documented in executive committee minutes.
Form 990, Part VI, Line 19 Required documents available to the public	THE CREDIT UNION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
Form 990, Part VIII, Line 11d Other Miscellaneous Revenue	Loan Warranty Income - Total Revenue: 51625, Related or Exempt Function Revenue: , Unrelated Business Revenue: 51625, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Trust AD&D Life Insurance Income - Total Revenue: 49839, Related or Exempt Function Revenue: , Unrelated Business Revenue: 49839, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Misc Income - Total Revenue: 506134, Related or Exempt Function Revenue: 506134, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
Form 990, Part XI, Line 9 Other changes in net assets or fund balances	CECL ADOPTION - CHANGE IN ACCOUNTING PRINCIPLE - -1797784;