CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (EIN 38-1215360)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-05-12
- IRS object ID
- 202301329349302990
- Schema version
- 2022v5.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-12T11:34:31-04:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 381215360 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CREDIT UNIONS CHARTERED IN THE | BusinessNameLine1Txt |
| Business Name Line2 | STATE OF MICHIGAN 48 LAKE MICH CU | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CRED | BusinessNameControlTxt |
| Phone | 6162429790 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2848 | AddressLine1Txt |
| City | GRAND RAPIDS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 495012848 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PETER DANN | PersonNm |
| Person Title | SVP CFO | PersonTitleTxt |
| Phone | 6162346418 | PhoneNum |
| Signature | 2023-05-12 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | PETER | PersonFirstNm |
| Person Last | DANN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAKE MICHIGAN CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SANDY JELINSKI | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2848 | AddressLine1Txt |
| City | GRAND RAPIDS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49501 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $520,341,837 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.LMCU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1933 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or Mission | PROMOTION OF THRIFT AND PROVIDING LOW COST CREDIT AND OTHER FINANCIAL SERVICES FOR ITS MEMBERS THROUGH MUTUAL AND NONPROFIT ORGANIZATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 1735 | TotalEmployeeCnt |
| Total Gross UBI | $2,729,805 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $659,100 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $396,417,075 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $460,514,936 | CYProgramServiceRevenueAmt |
| PY Investment Income | $10,026,683 | PYInvestmentIncomeAmt |
| CY Investment Income | $35,298,506 | CYInvestmentIncomeAmt |
| PY Other Revenue | $83,777,836 | PYOtherRevenueAmt |
| CY Other Revenue | $24,528,395 | CYOtherRevenueAmt |
| PY Total Revenue | $490,221,594 | PYTotalRevenueAmt |
| CY Total Revenue | $520,341,837 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $40,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $150,000 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $145,451,649 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $153,292,359 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $187,726,091 | PYOtherExpensesAmt |
| CY Other Expenses | $197,302,230 | CYOtherExpensesAmt |
| PY Total Expenses | $333,217,740 | PYTotalExpensesAmt |
| CY Total Expenses | $350,744,589 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $157,003,854 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $169,597,248 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $11,670,748,024 | TotalAssetsBOYAmt |
| Total Assets EOY | $11,905,975,667 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $10,480,939,997 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $10,652,120,913 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,189,808,027 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,253,854,754 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | PROMOTION OF THRIFT AND PROVIDING LOW COST CREDIT AND OTHER FINANCIAL SERVICES FOR ITS MEMBERS THROUGH MUTUAL AND NONPROFIT ORGANIZATION. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | SEE ADDITONAL DETAILS | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SEE ADDITIONAL DETAILS | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SEE ADDITIONAL DETAILS | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SEE DETAILS | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| 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 | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | 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 | Yes (true) | 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 | Yes (true) | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 1735 | 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 |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (true) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | 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 | false | 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 | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (true) | WrittenPolicyOrProcedureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAKE MICHIGAN CREDIT UNION | BusinessNameLine1Txt |
| Business Name Line2 | LAKE MICHIGAN CREDIT UNION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6162346830 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5664 PRAIRIE CREEK DR | AddressLine1Txt |
| Address Line2 | 5664 PRAIRIE CREEK DR | AddressLine2Txt |
| City | CALEDONIA | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49316 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| SANDY JELINSKI | |||||||
| CEO | 40.00 | Yes (X) | $2,604,713 | $0 | $67,068 | ||
| MATT ADLER | |||||||
| MORTGAGE LO | 40.00 | $1,388,481 | $0 | $36,902 | Yes (X) | ||
| ZAC ELLERBROEK | |||||||
| MORTGAGE LO | 40.00 | $1,279,301 | $0 | $9,677 | Yes (X) | ||
| RAZI QADRI | |||||||
| SVP CIOO | 40.00 | Yes (X) | $1,140,384 | $0 | $39,327 | ||
| EMIL IZRAILOV | |||||||
| MORTGAGE LO | 40.00 | $844,100 | $0 | $34,752 | Yes (X) | ||
| CORBIN BUTTLEMAN | |||||||
| MORTGAGE SAL | 40.00 | $810,640 | $0 | $45,827 | Yes (X) | ||
| ERIC BURGOON | |||||||
| SVP MORTGAGE | 40.00 | Yes (X) | $785,424 | $0 | $57,909 | ||
| BRENT GREEN | |||||||
| MORTGAGE SAL | 40.00 | $811,830 | $0 | $7,428 | Yes (X) | ||
| PETER DANN | |||||||
| SVP CFO | 40.00 | Yes (X) | $523,263 | $0 | $45,827 | ||
| NORA SWART | |||||||
| SVP CPO | 40.00 | Yes (X) | $505,193 | $0 | $39,758 | ||
| DON BRATT | |||||||
| SVP CMO | 40.00 | Yes (X) | $369,329 | $0 | $56,949 | ||
| MARK POWELL | |||||||
| VP CRO | 40.00 | Yes (X) | $369,243 | $0 | $31,506 | ||
| SARA KEMPERMAN | |||||||
| SVP RETAIL O | 40.00 | Yes (X) | $323,156 | $0 | $32,143 | ||
| ALICIA FORCE | |||||||
| SVP CONSUMER | 40.00 | Yes (X) | $213,298 | $0 | $20,666 | ||
| DAVE BARDOLPH | |||||||
| BOARD MEMBER | $0 | $0 | $0 | Yes (X) | |||
| TIM GORTSEMA | |||||||
| BOARD MEMBER | $0 | $0 | $0 | Yes (X) | |||
| BRAD MATHIS | |||||||
| BOARD MEMBER | $0 | $0 | $0 | Yes (X) | |||
| TIM MYERS | |||||||
| BOARD MEMBER | $0 | $0 | $0 | Yes (X) | |||
| JACK NEWBERRY | |||||||
| BOARD MEMBER | $0 | $0 | $0 | Yes (X) | |||
| JUAN OLIVAREZ | |||||||
| BOARD MEMBER | $0 | $0 | $0 | Yes (X) | |||
| CHERI PARKER | |||||||
| BOARD MEMBER | $0 | $0 | $0 | Yes (X) | |||
| BOB PARTRIDGE | |||||||
| BOARD MEMBER | $0 | $0 | $0 | Yes (X) | |||
| MIKE RICE | |||||||
| BOARD MEMBER | $0 | $0 | $0 | Yes (X) | |||
| GRETCHEN TELLMAN-PARTRIDGE | |||||||
| BOARD MEMBER | $0 | $0 | $0 | Yes (X) | |||
| BOB WHITE | |||||||
| BOARD MEMBER | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $11,968,355 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $525,739 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 211 | 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 |
|---|---|---|---|---|---|
| NEWCO BUILDING | |||||
| 4131 ROGER B CHAFFE | GRAND RAPIDS | MI | 49548 | CONSTRUCTION | $4,423,180 |
| JACK HENRY | |||||
| PO BOX 609 | MONETT | MO | 65708 | SOFTWARE | $3,551,480 |
| AT&T | |||||
| PO BOX 5014 | CAROL STREAM | IL | 60197 | PHONE | $3,040,709 |
| BLACK KNIGHT TECHNOLOGIES | |||||
| PO BOX 809007 | CHICAGO | IL | 60680 | TECHNOLOGY | $2,930,481 |
| VISA | |||||
| 900 METRO CENTER | FOSTER CITY | CA | 94404 | PROCESSING | $2,886,522 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 135 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST ON MEMBER LOANS | 522291 | $323,831,667 | $323,831,667 | |
| INTERCHANGE AND OTHER | 522100 | $74,243,492 | $74,243,492 | |
| FEES AND CHARGES ON ACCOUNTS | 522291 | $38,941,533 | $38,941,533 | |
| MORTGAGE SERVICING RIGHTS | 525990 | $20,768,439 | $20,768,439 | |
| INSURANCE REVENUE | 525990 | $2,182,991 | $2,182,991 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $546,814 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $546,814 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $460,514,936 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $35,298,506 | TotalRevenueColumnAmt |
| Exclusion | $35,298,506 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| GAIN ON SALE OF LOANS | 522100 | $23,983,589 | $23,983,589 |
| GAIN ON SALE OREO AND OTHER | 522100 | $544,806 | $544,806 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $24,528,395 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $520,341,837 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $482,313,526 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $2,729,805 | UnrelatedBusinessRevenueAmt |
| Exclusion | $35,298,506 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,000 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,000 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,834,001 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,698,590 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,299,139 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,989,316 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,471,313 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $543,732 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $799,137 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $272,186 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,088,655 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,184,780 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,916,755 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,356,703 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,268,254 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,735,546 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,840,361 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,087,289 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| LOAN SERVICING | $30,777,960 |
| BANK/ CARD SERVICE CHARGE | $15,343,434 |
| MISC EXPENSE | $12,404,462 |
| PROVISION FOR LOAN LOSS | $7,682,976 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $350,744,589 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,013,904 | BOYAmt |
| EOY | $26,073,398 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,556,937,017 | BOYAmt |
| EOY | $744,846,533 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,262,226 | BOYAmt |
| EOY | $11,657,447 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,659,792 | BOYAmt |
| EOY | $71,509,718 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,575,088,107 | BOYAmt |
| EOY | $9,888,078,133 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $179,154,004 | BOYAmt |
| EOY | $40,938,435 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,735,164 | BOYAmt |
| EOY | $8,091,865 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $175,377,401 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $58,015,547 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $111,783,594 | BOYAmt |
| EOY | $117,361,854 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $806,288,553 | BOYAmt |
| EOY | $647,316,403 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,207,913 | BOYAmt |
| EOY | $25,429,717 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,963,382 | BOYAmt |
| EOY | $100,938,707 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $197,654,368 | BOYAmt |
| EOY | $223,733,457 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,670,748,024 | BOYAmt |
| EOY | $11,905,975,667 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,947,451 | BOYAmt |
| EOY | $85,881,680 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,930,927 | BOYAmt |
| EOY | $63,051,213 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $210,000,000 | BOYAmt |
| EOY | $200,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,136,061,619 | BOYAmt |
| EOY | $10,303,188,020 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,480,939,997 | BOYAmt |
| EOY | $10,652,120,913 | 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 | $1,189,808,027 | BOYAmt |
| EOY | $1,253,854,754 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,189,808,027 | BOYAmt |
| EOY | $1,253,854,754 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,670,748,024 | BOYAmt |
| EOY | $11,905,975,667 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $169,597,248 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$102,355,022 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$3,195,499 | 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| 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 | $43,526,697 | OtherCostOrOtherBasisAmt |
| Book Value | $43,526,697 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $91,937,003 | OtherCostOrOtherBasisAmt |
| Depreciation | $29,513,764 | DepreciationAmt |
| Book Value | $62,423,239 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,117,108 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,595,992 | DepreciationAmt |
| Book Value | $521,116 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $33,652,375 | OtherCostOrOtherBasisAmt |
| Depreciation | $24,505,235 | DepreciationAmt |
| Book Value | $9,147,140 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,144,218 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,400,556 | DepreciationAmt |
| Book Value | $1,743,662 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $117,361,854 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TOTAL DEPOSITS | Desc |
| Amt | $10,303,188,020 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $10,303,188,020 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 2, PART IV, LINE 2B | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION ACTS AS CUSTODIAN FOR RETAIL MORTGAGES | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (3 entries)
| Business Name Line2RecipientBusinessName/BusinessNameLine2Txt | Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|---|
| YMCA OF GREATER GRAND RAPIDS | |||||||||
| YMCA OF GREATER GRAND RAPIDS | 475 LAKE MICHIGAN DR | 475 LAKE MICHIGAN DR NW | GRAND RAPIDS | MI | 49504 | 381358058 | 501C3 | $40,000 | PLAYGROUND EQUIPMENT |
| AMERICAN RED CROSS | |||||||||
| AMERICAN RED CROSS | 3886 BROADMOOR AVE | 3886 BROADMOOR AVE | GRAND RAPIDS | MI | 49512 | 530196605 | 501C3 | $20,000 | HURRICAN IAN RELIEF |
| JUNIOR ACHIEVEMENT OF MICHIGAN | |||||||||
| JUNIOR ACHIEVEMENT OF MICHIGAN | 4090 LAKE DR SE | 4090 LAKE DR SE | GRAND RAPIDS | MI | 49546 | 381557861 | 501C3 | $25,000 | CAPITAL CAMPAIGN |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| HUTT COLLEGE SCHOLARSHIPS | 20 | $40,000 |
| ROOTS IN EDUCATION | 25 | $25,000 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 4, PART IV | FormAndLineReferenceDesc |
| Explanation | HUTT SCHOLARSHIPS ARE AWARDED TO HIGH SCHOOL SENIORS WHO WRITE AN ESSAY AND ARE CHOSEN AS FINALISTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| 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 (14 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| SANDY JELINSKI | ||||||
| CEO | $1,433,007 | $1,171,623 | $83 | $56,650 | $10,418 | $2,671,781 |
| MATT ADLER | ||||||
| MORTGAGE LO | $1,388,327 | $154 | $27,225 | $9,677 | $1,425,383 | |
| ZAC ELLERBROEK | ||||||
| MORTGAGE LO | $1,279,141 | $154 | $6 | $9,677 | $1,288,978 | |
| RAZI QADRI | ||||||
| SVP CIOO | $834,204 | $306,130 | $50 | $29,650 | $9,677 | $1,179,711 |
| EMIL IZRAILOV | ||||||
| MORTGAGE LO | $843,793 | $307 | $25,075 | $9,677 | $878,852 | |
| CORBIN BUTTLEMAN | ||||||
| MORTGAGE SALES MANAG | $810,482 | $154 | $4 | $36,150 | $9,677 | $856,467 |
| ERIC BURGOON | ||||||
| SVP MORTGAGE | $571,930 | $213,444 | $50 | $49,481 | $8,428 | $843,333 |
| BRENT GREEN | ||||||
| MORTGAGE SALES MANAG | $811,523 | $307 | $7,428 | $819,258 | ||
| PETER DANN | ||||||
| SVP CFO | $413,831 | $109,382 | $50 | $36,150 | $9,677 | $569,090 |
| NORA SWART | ||||||
| SVP CPO | $410,840 | $94,279 | $74 | $33,801 | $5,957 | $544,951 |
| DON BRATT | ||||||
| SVP CMO | $307,802 | $61,477 | $50 | $46,531 | $10,418 | $426,278 |
| MARK POWELL | ||||||
| VP CRO | $300,314 | $68,879 | $50 | $27,029 | $4,477 | $400,749 |
| SARA KEMPERMAN | ||||||
| SVP RETAIL OPERATION | $273,012 | $50,094 | $50 | $28,536 | $3,607 | $355,299 |
| ALICIA FORCE | ||||||
| SVP CONSUMER LENDING | $176,142 | $37,115 | $41 | $15,853 | $4,813 | $233,964 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART III | FormAndLineReferenceDesc |
| Explanation | THE EXECUTIVES LISTED IN SCHEDULE L PART II PARTICIPATE IN A COLLATERAL ASSIGNMENT SPLIT DOLLAR PLAN. LIFE INSURANCE PREMIUMS ARE PAID ON BEHALF OF THE EXECUTIVES AND TREATED AS LOANS. THE TOTAL LOAN AMOUNT AS OF 12/31/22 WAS 71,509,717. THE INSURANCE POLICY VALUE PROVIDES SUPPLEMENTAL RETIREMENT INCOME TO THE PLAN PARTICIPANTS. LIFE INSURANCE PREMIUM LOANS ARE ULTIMATELY REPAID FROM THE DEATH BENEFIT OF THE LIFE INSURANCE POLICY. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (10 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| SANDY JELINSKI | |||||||
| OFFICER | SPLIT DOLLAR PREMIUM LOAN | Yes (X) | $27,488,120 | $28,415,428 | false | Yes (true) | Yes (true) |
| NORA SWART | |||||||
| OFFICER | SPLIT DOLLAR PREMIUM LOAN | Yes (X) | $9,100,000 | $9,439,959 | false | Yes (true) | Yes (true) |
| RAZI QADRI | |||||||
| OFFICER | SPLIT DOLLAR PREMIUM LOAN | Yes (X) | $7,188,000 | $7,433,064 | false | Yes (true) | Yes (true) |
| PETER DANN | |||||||
| OFFICER | SPLIT DOLLAR PREMIUM LOAN | Yes (X) | $5,425,000 | $5,584,748 | false | Yes (true) | Yes (true) |
| ERIC BURGOON | |||||||
| OFFICER | SPLIT DOLLAR PREMIUM LOAN | Yes (X) | $5,180,000 | $5,419,789 | false | Yes (true) | Yes (true) |
| SARA KEMPERMAN | |||||||
| OFFICER | SPLIT DOLLAR PREMIUM LOAN | Yes (X) | $4,291,000 | $4,431,564 | false | Yes (true) | Yes (true) |
| JIM MASKELL | |||||||
| SVP COMMERCIAL | SPLIT DOLLAR PREMIUM LOAN | Yes (X) | $3,850,000 | $3,952,167 | false | Yes (true) | Yes (true) |
| DON BRATT | |||||||
| OFFICER | SPLIT DOLLAR PREMIUM LOAN | Yes (X) | $3,200,000 | $3,338,969 | false | Yes (true) | Yes (true) |
| ALICIA FORCE | |||||||
| OFFICER | SPLIT DOLLAR PREMIUM LOAN | Yes (X) | $1,890,000 | $1,940,853 | false | Yes (true) | Yes (true) |
| MARK POWELL | |||||||
| OFFICER | SPLIT DOLLAR PREMIUM LOAN | Yes (X) | $1,512,000 | $1,553,177 | false | Yes (true) | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $71,509,718 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III | LINE 4A-INTEREST INCOME LINE 4B-DEBIT / CREDIT INTERCHANGE LINE 4C-OVERDRAFT / NSF |
| FORM 990, PAGE 2, PART III, LINE 4D | SEE DETAILS |
| FORM 990, PAGE 6, PART VI, LINE 2 | GRETCHEN TELLMAN ROBERT PARTRIDGE BOARD CHAIR BOARD MEMBER SPOUSE |
| FORM 990, PAGE 6, PART VI, LINE 6 | YES, THE CREDIT UNION HAS MEMBERS |
| FORM 990, PAGE 6, PART VI, LINE 7A | MEMBER SHAREHOLDERS ELECT BOARD MEMBERS |
| FORM 990, PAGE 6, PART VI, LINE 7B | MEMBERS APPROVE BOARD MEMBERS WHEN TERMS EXPIRE. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE 990 IS PREPARED BY THE DIRECTOR OF FINANCE AND REVIEWED BY OUR CFO AND CONTROLLER |
| FORM 990, PAGE 6, PART VI, LINE 12C | OFFICERS AND DIRECTORS DISCLOSE INTEREST THAT COULD LEAD TO CONFLICT OF INTEREST ANNUALLY. THESE DOCUMENTS ARE REVIEWED BY INTERNAL AUDIT AND REPORTED TO THE AUDIT COMMITTEE |
| FORM 990, PAGE 6, PART VI, LINE 15A | COMPENSATION REVIEWS OF ALL OFFICER AND KEY EXECUTIVES ARE PERFORMED AT LEAST ANNUALLY BY HUMAN RESOURCES AND REVIEWED BY THE EXECUTIVE COMMITTE MADE UP OF BOARD MEMBERS |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE BOARD OF DIRECTORS APPROVES OTHER OFFICERS AND KEY EMPLOYEES, AND COMPENSATION IS SET BY CEO |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATIONS DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | ADJUSTMENT TO OTHER COMPREHENSIVE INCOME 0 LIFE SAVINGS RESERVE 0 EQUITY ADJ - LEASE ACCOUNTING -1,420,819 OCI -1,774,680 TOTAL -3,195,499 |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAKE MICHIGAN FINANCIAL GROUP | BusinessNameLine1Txt |
| Business Name Line2 | LAKE MICHIGAN FINANCIAL GROUP | BusinessNameLine2Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2088 | AddressLine1Txt |
| Address Line2 | PO BOX 2088 | AddressLine2Txt |
| City | GRAND RAPIDS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49501 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 454172202 | EIN |
| Primary Activities | FINANCIAL | PrimaryActivitiesTxt |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Total Income | $2,023,803 | TotalIncomeAmt |
| End Of Year Assets | $19,688,257 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LMCU | BusinessNameLine1Txt |
| Business Name Line2 | LAKE MICHIGAN CREDIT UNION | BusinessNameLine2Txt |