2023-05-03T13:10:03-07:00 2022-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2022-01-01 386084711 Gratiot Community Credit Union GRAT 9894638321 211 W Center St Alma MI 48801 Katina Struble CEO Designate 2023-05-03 true Katina Struble 999009999 true Patrick Haughey P01980057 8005225820 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z 211 W Center St Alma MI 48801 4885558 false X www.gratiotcu.org X 1955 MI Provide financial services and products to members. 7 7 31 7 27481 0 1847769 2392397 253600 233161 0 2101369 2625558 0 0 893268 990760 0 0 1101666 1426513 1994934 2417273 106435 208285 53382420 55615153 49497473 51779445 3884947 3835708 Provide financial services and products to members. false false The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2022 was 6,692. The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2022 was 4,404. false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 693 0 true 31 true true true false false false false false false false X 7 7 false false false false true true true true false false true true false true true true false true true true false X Rob Bendele 9894638321 211 W Center St Alma MI 48801 Brenda L Miller CEO 40.00 0.00 X 109254 0 13164 Katina Struble CEO Designate 1.00 0.00 X 66263 0 7694 Robert Bendele Operations Mgr 40.00 0.00 X 59759 0 5973 Clark Hubbard Vice Chair 1.00 0.00 X 0 0 0 Dale Sherman Director 1.00 0.00 X 0 0 0 Glenn Rose Secretary 1.00 0.00 X 0 0 0 Sonia Martinez Director 1.00 0.00 X 0 0 0 Sharol Pominville Director 1.00 0.00 X 0 0 0 Diane Malek Director 1.00 0.00 X 0 0 0 Alan Schafer Director 1.00 0.00 X 0 0 0 235276 26831 1 false false false CUAnswers 6000 28th Street SE Ste 100 Grand Rapids MI 49546 Data Processing 230817 FISERV 255 Fiserv Dr Brookfield WI 53045 Data Processing 116298 2 0 Credit Card Interchange 522100 84280 84280 Fees & Charges 522100 432569 432569 Interest on Loans 522100 1635897 1635897 Non-Member ATM Fees 16224 16224 Other Operating Income 522100 212170 212170 11257 11257 2392397 248866 248866 0 0 0 1749376 494919 1760000 500000 -10624 -5081 -15705 -15705 0 0 0 Insurance Reimbursements 524298 Non-Member ATM Fees 525990 0 2625558 2598077 27481 0 0 0 0 262110 0 603570 0 55976 69104 0 0 166145 0 0 0 27961 22686 171598 111394 0 47360 6346 0 0 75484 0 126457 27347 Loan Servicing Expense 236355 Provision for Loan Losses 187252 Debit & ATM Expense 176489 Postage and Shipping 34032 9607 2417273 0 0 0 1408922 1461208 11748606 3693593 0 10025 15040 0 0 31143062 41087816 0 60715 100527 3597684 782843 2946785 2814841 5354196 5353346 320044 0 0 710959 767888 53382420 55615153 889872 1039734 48607601 50739711 49497473 51779445 X 3884947 3835708 3884947 3835708 53382420 55615153 208285 -257524 X false true X true false 370914 370914 2689317 434152 2255165 537453 348691 188762 2814841 Member Deposits 50739711 50739711 Form 990, Part VI, Section A, Line 6 Section 501c(14) Credit Union is composed of members. Form 990, Part VI, Section A, Line 7a Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting. Form 990, Part VI, Section A, Line 7b Mergers are voted on by entire membership. Form 990, Part VI, Section B, Line 11b Signing Officer reviews tax returns and forwards signed Form 8879-TE to tax preparer. Board reviews tax returns at next scheduled meeting. Form 990, Part VI, Section B, Line 12c Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee. Form 990, Part VI, Section B, Line 15a Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated. Form 990, Part VI, Section C, Line 19 Credit union bylaws and conflict of interest policy are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions.