2023-04-26T08:58:20-07:00 2022-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2022-01-01 381907619 Bloom Credit Union BLOO 6164522161 1414 Burton Street SW Wyoming MI 49509 Robert Draeger CFO 2023-04-26 true Robert Draeger 999009999 true Patrick Haughey P01980057 8005225820 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Robert Draeger 1414 Burton Street SW Wyoming MI 49509 10150900 false X https://bloomcu.org/ X 1951 MI Provide financial services and products to members. 7 7 71 7 119047 855 0 8052963 8948734 338601 1202166 0 8391564 10150900 0 0 2841566 3367976 0 0 4298265 5331446 7139831 8699422 1251733 1451478 189326662 191618992 173401784 177557999 15924878 14060993 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 13,401. 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 8,672. 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 true false false false false false false false false false false true false false false true 2592 0 true 71 true true true false false false false false false false X 7 7 true false false false true true true true true false true true false true true true false true true true false X Robert Draeger 6164522161 1414 Burton Street SW Wyoming MI 49509 Joseph Heintskill CEO 40.00 0.00 X 171153 0 16495 Rebecca Baines VP Operations 40.00 0.00 X 118918 0 35800 Bill Seniura VP Lending 40.00 0.00 126025 0 11422 Robert Draeger CFO 40.00 0.00 X 122602 0 12397 Roxanne Speck Chairperson 1.00 0.00 X 6111 0 0 Dennis Brown Treasurer 1.00 0.00 X 932 0 0 Thomas Truszkowski Director 1.00 0.00 X 0 0 0 Daniel Holland Secretary 1.00 0.00 X 0 0 0 Brian Borr Vice Chair 1.00 0.00 X 0 0 0 Todd Reminga Director 1.00 0.00 X 0 0 0 Meghan Katerberg Director 1.00 0.00 X 0 0 0 545741 76114 4 false true false Blue Care Network PO BOX 88049 Chicago IL 60680 Emp Health Insurance 339823 Fiserv PO BOX 934057 Atlanta GA 31193 Core/Software/Card Sup 378009 Coop Network 9692 Haven Avenue Rancho Cucamonga CA 917305891 Card & ATM Services 333145 Full Circle Marketing and Design 600 7th Street NW Suite 200 Grand Rapids MI 49504 Design/Marketing/Advert 248500 NCR PO BOX 740641 Los Angeles CA 90074 Digital Online Support 222123 5 0 Fee and Other Income 522100 2613092 2613092 Insurance Revenue 524298 67976 67976 Interest on Loans 522100 6216595 6216595 Non-Member ATM Fees 525990 35355 35355 Oth Non-Mbr Activity Inc 525990 15589 15589 127 127 8948734 1202166 1202166 0 0 0 0 0 0 0 0 10150900 10031853 119047 0 0 0 0 621856 0 1979786 131318 451065 183951 0 0 12265 0 0 0 100338 400063 1987675 207484 0 245818 100305 0 0 335067 0 312236 63050 Provision for Loan Losses 692383 Loan Servicing 686456 Postage and Shipping 109802 Board Expense 52483 26021 8699422 0 0 0 5875726 2776127 55167608 11935758 0 1043883 191053 0 0 106268149 122021793 0 440854 504267 8695802 4263025 4583616 4432777 13365337 44675737 440200 683000 0 0 2141289 4398480 189326662 191618992 142151 630312 173259633 176927687 173401784 177557999 X 15924878 14060993 15924878 14060993 189326662 191618992 X 1451478 -3223289 -92074 X false false false 1405804 1405804 4896362 2393458 2502904 368877 202366 166511 1318275 977678 340597 706484 689523 16961 4432777 Member Deposits 176927687 176927687 false false false Joseph Heintskill CEO 162653 8500 14097 2398 187648 Rebecca Baines VP Operations 118918 10097 25703 154718 Form 990, Part VI, Section A, Line 2 Board Chair, Roxanne Speck, is the daughter of director Dennis Brown. 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 The board is elected by the membership for three year terms. Form 990, Part VI, Section A, Line 7b Mergers are voted on by entire membership. Form 990, Part VI, Section B, Line 11b Management reviews tax returns and forwards US Form 8879-EO to tax preparer. A copy is made available to the Board of Directors for review. Form 990, Part VI, Section B, Line 15a Compensation for the President/CEO and Key Employees is determined by the Board of Directors using CUNA and MCUL salary surveys to determine ranges and actual pay. The last review process was performed in 2016. Form 990, Part VI, Section C, Line 19 Financial Statements are posted monthly at our primary office located in Wyoming, Michigan. Quarterly call reports are available at the ncua.gov website. All other documents are made available for review upon request. Form 990, Part XI, Line 9 CECL Adjustment = -$92074 Financial Resource Advisors LLC 1414 Burton St SW Wyoming MI 49509 383406282 Insurance and Investment Sales MI -2170 54810 Bloom Credit Union false false false false false false false false false false false false false false false false false false false