2025-05-15T14:40:44-07:00 2024-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2024-01-01 380299643 CREDIT UNIONS CHARTERED IN MI AAC CREDIT UNION CRED 6164594429 177 WILSON AVENUE NW GRAND RAPIDS MI 49534 BRIAN J TURMELL CEO 2025-05-15 true true Donald E Lingerfelt P00339004 8005225820 2024 2025-03-06 01:10:19Z X BRIAN TURMELL 177 WILSON AVENUE NW GRAND RAPIDS MI 49534 11850103 false X https://www.goaac.com/ X 1937 MI PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS 7 7 55 7 40994 6352 0 9221593 9957373 1455487 1892730 0 10677080 11850103 0 0 3180681 3266689 0 0 5052400 6320534 8233081 9587223 2443999 2262880 184172237 194938427 141064528 149567838 43107709 45370589 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 12/31/24 WAS 14,721. 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 12/31/24 WAS 8,205. 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 false false false false true 4086 0 true 55 true true true false false false false false false false X 7 7 false false false false true true true true true false true true false true true true false true true true false X TIM KAMPHUIS 6164594429 177 WILSON AVENUE NW GRAND RAPIDS MI 49534 BRIAN TURMELL CEO 40.00 0.00 X 213792 0 34840 TIM KAMPHUIS CFO 40.00 0.00 X 120797 0 31393 VELVER FULLER Vice President 40.00 0.00 X 114412 0 26387 THANE BARDEN Chairman 1.00 0.00 X 0 0 0 KENNETH HOWE Director 1.00 0.00 X 0 0 0 DAVE KREMM Treasurer 1.00 0.00 X 0 0 0 DENNIS ZIOMKOWSKY Secretary 1.00 0.00 X 0 0 0 GORDON JELTEMA Director 1.00 0.00 X 0 0 0 JIM ONDERSMA Director 1.00 0.00 X 0 0 0 RUSS HOWER Director 1.00 0.00 X 0 0 0 449001 92620 3 false true false REDROCK 1101 40th St SE GRAND RAPIDS MI 49508 IT SERVICES 193293 PRIORITY HEALTH 1257 E BELTLINE AVE NE GRAND RAPIDS MI 49525 HEALTH INSURANCE 431643 CUANSWERS 6000 28TH ST SE GRAND RAPIDS MI 49546 DATA PROCESSING/ CORE 438255 FIS 601 RIVERSIDE DR JACKSONVILLE FL 32204 CARD PROVIDER 665738 4 0 FEES AND CHARGES 522100 1771698 1771698 INSURANCE REVENUE 524298 29120 29120 INTERCHANGE INCOME 522100 828820 828820 LOAN INTEREST 522100 7315861 7315861 NON-MEMBER ATM FEES 525990 9874 9874 2000 2000 9957373 1892730 1892730 0 0 0 0 0 0 0 0 11850103 11809109 40994 0 0 0 0 541621 0 2032615 88629 416174 187650 0 0 41454 0 0 0 0 223693 1232577 418322 0 166895 70450 0 0 3204566 15330 263313 34120 PRO SERVICE 255003 LOAN SERVICING 230988 OTHER OPERATING 118031 PROV CREDIT LOSSES 45792 0 9587223 0 0 0 779969 821267 27278064 34659597 0 0 0 0 125292990 122035153 0 113400 77706 6917570 2509340 4630503 4408230 21271665 28079345 2361765 2470357 0 0 2443881 2386772 184172237 194938427 1670503 1554088 139394025 148013750 141064528 149567838 X 43107709 45370589 43107709 45370589 184172237 194938427 2262880 X false false false 935545 935545 3538665 1009939 2528726 288941 221439 67502 2154419 1277962 876457 4408230 MEMBER SHARES 147650677 OTHER LIABILITIES 363072 Rounding 1 148013750 X X X false true false BRIAN TURMELL CEO 202641 11151 17538 17302 248632 TIM KAMPHUIS CFO 113956 6841 10066 21327 152190 Part II, Compensation from Unrelated Organizations THE CREDIT UNION HAS PURCHASED A LIFE INSURANCE POLICY CUNA WHERE THE CU IS THE SOLE AND ABSOLUTE OWNER. THE POLICY IS IN EXISTANCE AS A VEHICLE TO PAY FOR CEO 457F BENEFITS AND FOR THE CEO'S FAMILY UPON HIS DEATH. PER CONTRACT, THE CREDIT UNION HAS THE RIGHT TO RECIEVE THE SUM OF ALL PREMIUM PAYMENTS MADE. TOTAL PREMIUMS EQUAL $300,000 AS OF DECEMBER 31, 2022. THE CREDIT UNION INTENDS TO HOLD UNTIL THE DEATH OF THE CEO IN WHICH CU IS ENTITLED TO THE $300,000 PREMIUMS PAID. APPRECIATION OF INCOME OF THE POLICY IS TO BE PAID TO THE CEO IN THE FORM OF A 457F. THE RIGHT OF FORFEITURE PASSES ONCE THE CEO REACHES 62 YEARS OLD. Form 990, Part VI, Section A, Line 6 SECTION 501C14 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 MANAGEMENT REVIEWS TAX RETURNS AND FORWARDS US FORM 8879-TE TO TAX PREPARER. BOARD REVIEWS FILED 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 Board reviews overall credit union performance and peer to peer comparisons. Also use Salary information provided by trade associations. Form 990, Part VI, Section B, Line 15b 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.