2023-05-19T13:05:00-05:00 2022-12-31 383567911 REHMANN ROBSON LLC PO BOX 2025 SAGINAW MI 486052025 990 2022-01-01 381586641 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN NORTH CENTRAL AREA CREDIT UNION CRED 9899105112 2665 S RESERVE RD HOUGHTON LAKE MI 48629 SANDY NAPIERSKI CONTROLLER 9899105112 2023-05-18 1 SANDY NAPIERSKI 999009999 0 JEFFREY E HERT CPA P00066715 9897999580 2023-05-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SANDY NAPIERSKI 2665 S RESERVE RD HOUGHTON LAKE MI 48629 12424637 0 X WWW.NCACU.ORG X CREDIT UNION 1956 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 7 7 70 10 34854 0 0 0 4344940 5025413 760220 1399224 0 0 5105160 6424637 0 0 0 0 2335098 2541182 0 0 0 2789792 2932213 5124890 5473395 -19730 951242 172432183 165934065 161238138 160434269 11194045 5499796 TO PROVIDE AFFORDABLE, HIGH QUALITY, COMPLETE FINANCIAL SERVICES TO OUR MEMBERS AND THEIR FAMILIES AND TO FOSTER CONTINUED GROWTH AND STABILITY OF THE CREDIT UNION. 0 0 PROVIDE 15,392 MEMBERS WITH SAVINGS, CHECKING, CLUB, MONEY MARKET, INDIVIDUAL RETIREMENT AND CERTIFICATE OF DEPOSIT ACCOUNTS TOTALING $159,024,381. PROVIDE APPROX. 7,297 VEHICLE, REAL ESTATE, BUSINESS, CREDIT CARD AND LINE OF CREDIT LOANS. OFFER ATM AND DEBIT CARDS, OVERDRAFT PROTECTION, MONEY ORDERS AND INSURANCE PRODUCTS TO ALL ELIGIBLE MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1850 0 1 70 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X SANDY NAPIERSKI 9899105135 2665 S RESERVE ROAD HOUGHTON LAKE MI 48629 STEPHEN WITT CHAIRPERSON 1.00 X X 0 0 0 MEGAN BARNES VICE CHAIRPERSON 1.00 X X 0 0 0 ERIC HAMP TREASURER 1.00 X X 0 0 0 KOREEN PRAY SECRETARY 1.00 X X 0 0 0 LAURIE JAMISON DIRECTOR 1.00 X 0 0 0 TOM MOREAU DIRECTOR 1.00 X 0 0 0 DAVE DENBOER DIRECTOR 1.00 X 0 0 0 MARK RICHTER CEO 40.00 X 94770 0 0 BRIAN WAWSCZYK CFO - THRU 4/2022 45.00 X 51415 0 0 TAMMY SCHWALM COO 45.00 X 128897 0 27399 275082 0 27399 1 0 1 0 CU ANSWERS 6000 28TH ST SE 100 GRAND RAPIDS MI 49546 CORE PROCESSING SYSTEM 405840 CO-OP 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 DEBIT CARD/ATM PROCESSING 384529 FIS 601 RIVERSIDE AVE JACKSONVILLE FL 32204 CREDIT CARD PROCESSING 254550 SAFETYNET 1771 PARK DR TRAVERSE CITY MI 49686 IT & CYBER SECURITY 133632 4 LOAN INTEREST 522100 2825123 2825123 FEE AND OTHER INCOME 524298 2200290 2165436 34854 5025413 1367572 1367572 6030652 1000 6000000 0 30652 1000 31652 30652 1000 6424637 6388783 34854 1000 207712 1656516 118061 409930 148963 8416 31281 28274 164859 194382 345869 351954 374527 7330 73005 153393 197939 36545 ATM & DEBIT CARD EXPENS 524819 LOAN SERVICING 375439 EXAMINATION FEE/ASSOCIA 27729 PROVISION FOR LOAN LOSS 20776 15676 5473395 1612022 2030469 2107511 44396 60668 62462 54128361 70931014 306367 418094 6493194 2991904 3702936 3501290 109340134 87641639 1174184 1304701 172432183 165934065 1413086 1513591 159825052 158920678 161238138 160434269 X 0 0 0 0 11194045 5499796 11194045 5499796 172432183 165934065 951242 -6645491 0 X X 0 1 X 1 0 315970 315970 5315849 2344934 2970915 861375 646970 214405 3501290 CSCU EQUITY 17320 C XTEND STOCK 19500 C CUSO INVESTMENTS 86000 C INVESTMENT SUSPENSE 128851 C CU COOPERATIVE STOCK 204927 C FHLB STOCK 288760 C NCUSIF 1618869 C ALLOYA CREDIT UNION ACCOUNT 3359315 C CERTIFICATE OF DEPOSITS (> 1 YEAR) 6219000 C AFS INVESTMENTS 75699097 C 87641639 MEMBER SHARES 159024381 SHARED BRANCHING -103703 158920678 0 0 0 TAMMY SCHWALM COO 128897 0 0 0 0 0 10312 0 17087 0 156296 0 0 0 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 BOARD MEMBERS ARE ELECTED AT THE ANNUAL MEETING FOR THREE YEAR STAGGERED TERMS. FORM 990, PART VI, SECTION A, LINE 7B MERGERS AND CERTAIN CHARTER CONVERSIONS REQUIRE A VOTE BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE CEO WILL REVIEW THE FORM 990. AFTER WHICH, THE CEO WILL AUTHORIZE THE E-FILING OF THE 990 AND SIGN THE 990-T. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN A DOCUMENT ACKNOWLEDGING THERE IS NO CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS EVALUATES THE CEO'S SALARY BASED ON PEER CREDIT UNIONS AND OTHER PERFORMANCE FACTORS. FOR OTHER OFFICERS AND KEY EMPLOYEES, THE CEO SETS WAGES BASED ON REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE 990, 990T AND POLICIES ARE AVAILABLE AT THE ADMINISTRATIVE BUILDING AT 2665 S. RESERVE RD. MONTHLY FINANCIAL STATEMENTS ARE DISPLAYED AT EACH CREDIT UNION BRANCH LOBBY. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEARS.