2025-05-14T11:32:35-04:00 2024-12-31 382210508 ADDISON & ADDISON PC 20630 HARPER AVE STE 110 HARPER WOODS MI 48225 990 2024-01-01 380480170 DIVERSIFIED MEMBERS CREDIT UNION DIVE 3135685000 1480 EAST JEFFERSON AVENUE DETROIT MI 48207 MARK EVENSON CFO 3135685000 2025-05-14 true true JOHN T ADDISON II P01386149 3138814181 2025-05-14 2024 2025-03-06 01:10:19Z SATI SMITH 1480 EAST JEFFERSON AVENUE 1480 EAST JEFFERSON AVENUE DETROIT MI 48207 30579992 false X WWW.DMCU.COM X CREDIT UNION 1929 MI TO PROVIDE FRIENDLY, PERSONAL, FINANCIAL SERVICES IN A PROFESSIONAL ATMOSPHERE TO ALL MEMBERS. 9 9 121 0 0 16156282 17180112 -5454830 8333140 6030364 5066740 16731816 30579992 0 0 8483982 8506251 0 0 17405326 20399559 25889308 28905810 -9157492 1674182 480989264 498079169 404637256 418037972 76352008 80041197 X TO PROVIDE FRIENDLY, PERSONAL, FINANCIAL SERVICES IN A PROFESSIONAL ATMOSPHERE TO ALL MEMBERS. false false TO PROVIDE FRIENDLY, PERSONAL, FINANCIAL SERVICES IN A PROFESSIONAL ATMOSPHERE TO ALL MEMBERS. TO PROVIDE FRIENDLY, PERSONAL, FINANCIAL SERVICES IN A PROFESSIONAL ATMOSPHERE TO ALL MEMBERS. false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false true false false false false false false false false false false false false true 5735 0 true 121 true false false false false false false false false X 9 9 false false false false true true true true true false false false true true true true true true true false X MARK EVENSON 3135685000 1480 EAST JEFFERSON AVENUE DETROIT MI 48207 KATHIE TREMBATH CEO - FORMER X 386393 0 0 SATI SMITH CEO 40.00 X 352806 0 0 MARK EVENSON CFO 40.00 X 213693 0 0 COLLEEN SCOTT CMO 40.00 X 180086 0 0 JR SMITH CLO - FORMER 40.00 X 158258 0 0 SHARI QUINKERT CONSULTANT 40.00 X 142878 0 0 GARY SEIFERT VP COMM LEND 40.00 X 141621 0 0 JANICE BOJANOWSKI CONTROLLER 40.00 X 139431 0 0 PATRICE SCHORNAK VP ASSET REC 40.00 X 128350 0 0 DANIEL J O'DONNELL IT MGR 40.00 X 120565 0 0 SHERI LABOE COO 40.00 X 120308 0 0 JANISSE GREEN DIRECTOR X 0 0 0 DAVID BROOKS III CHAIRPERSON X X 0 0 0 CARL JARBOE DIRECTOR X 0 0 0 DARREN JOHNSON DIRECTOR X 0 0 0 ALBERT PATRICK JR DIRECTOR X 0 0 0 ANTHONY LAMERATO VICE CHAIR X X 0 0 0 JEROME POKORSKI SECRETARY X X 0 0 0 ANDREW POLLACK TREASURER X X 0 0 0 PAMELA SCALES DIRECTOR X 0 0 0 2084389 12 true true false CU ANSWERS CU ANSWERS 6000 28TH STREET STE 100 6000 28TH STREET STE 100 GRAND RAPIDS MI 49546 COMP SVC BUREAU 679816 HOLZMAN LAW PLLC HOLZMAN LAW PLLC 28366 FRANKLIN ROAD 28366 FRANKLIN ROAD SOUTHFIELD MI 48034 LEGAL,COLLECT'N 334343 REBUILD GROUP REBUILD GROUP 2921 EAST GRAND BLVD STE 200 2921 EAST GRAND BLVD STE 200 DETROIT MI 48202 MARKETING & ADV 147527 PLANTE MORAN PLLC PLANTE MORAN PLLC 27400 NORTHWESTERN HWY 27400 NORTHWESTERN HWY SOUTHFIELD MI 48034 ACCOUNTING & AU 100543 4 INTEREST ON LOANS 17180112 17180112 17180112 8333140 8333140 FEES & OTHER 5066740 5066740 5066740 30579992 30579992 866893 866893 6176027 6176027 -304354 -304354 1250957 1250957 516728 516728 195071 195071 62851 62851 138519 138519 11713 11713 1322341 1322341 1295041 1295041 497569 497569 890620 890620 610835 610835 8031681 8031681 558730 558730 88704 88704 ALL OTHER EXPENSES 2933329 2933329 PROV FOR CREDIT LOSSES 1820920 1820920 SVC CTR, ATM & SH DRAFTS 1481381 1481381 BUSINESS LOAN SERVICING 460254 460254 28905810 28905810 0 0 3592711 3317084 81294564 55239157 928548 868289 275356148 262748507 3076283 5729219 5112110 4464563 14020915 8023994 6384193 5996921 92098080 143658133 495378 495378 12651249 15561918 480989264 498079169 4837063 4245060 5500000 399800193 408292912 404637256 418037972 X 76352008 80041197 76352008 80041197 480989264 498079169 X 1674182 83854 1931153 X false true X true false 2126410 2126410 11324777 7693574 3631203 569728 330420 239308 5996921 REGULAR SHARES 181657632 SHARE CERTIFICATES 129009436 IRA ACCOUNTS 35861039 DRAFT & CHRISTMAS CLUB ACCOUNTS 33337615 NON-MEMBER SHARE CERTIFICATES 25645943 ACCRUED POST-RETIRE EMP BEN 2781247 408292912 X 30579992 30579992 30579992 28905810 28905810 28905810 SCHEDULE D, PAGE 3, PART X AS A STATE CHARTERED CREDIT UNION, THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE. STATE CHARTERED CREDIT UNIONS ARE TAX-EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(14)(A). AS SUCH, THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT REQUIRE EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. X false false false KATHIE TREMBATH CEO - FORMER 386393 386393 SATI SMITH CEO 352806 352806 MARK EVENSON CFO 213693 213693 COLLEEN SCOTT CMO 180086 180086 JR SMITH CLO - FORMER 158258 158258 ANTHONY LAMERATO VC HOME EQUITY X 288762 259037 false true true ANTHONY LAMERATO VC HOME EQUITY X 150000 144615 false true true JANISSE GREEN DIRECTOR HOME EQUITY X 100000 75290 false true true SATI SMITH CEO VEHICLE LOAN X 93464 70411 false true true COLLEEN SCOTT CMO HOME EQUITY X 67500 61413 false true true SATI SMITH CEO 10/10 YR LOC X 40000 39963 false true true PAMELA SCALES DIR HOME EQUITY X 35000 32987 false true true PAMELA SCALES DIR VEHICLE LOAN X 45799 27637 false true true SATI SMITH CEO CHARGE CARD X 25000 24279 false true true COLLEEN SCOTT CMO CLOSED END LOAN X 30000 21686 false true true JANISSE GREEN DIRECTOR MORTGAGE X 86400 19500 false true true ANTHONY LAMERATO VC BOAT LOAN X 21517 19065 false true true COLLEEN SCOTT CMO CHARGE CARD X 10500 18806 false true true JANISSE GREEN DIR REVOLVING LOC X 20000 18695 false true true SATI SMITH CEO REVOLVING LOC X 16000 14994 false true true JANISSE GREEN DIR VEHICLE LOAN X 22892 12850 false true true DARREN JOHNSON DIR CLOSED END LOAN X 5000 4479 false true true PAMELA SCALES DIR CHARGE CARD X 7456 1847 false true true DAVID BROOKS III CHAIR REVOLVING LOC X 9500 640 false true true AL PATRICK JR DIR CHARGE CARD X 7000 95 false true true 868289 SCHEDULE L, PART II JANISSE GREEN FROM 86,400 19,500 MORTGAGE ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT ANTHONY LAMERATO FROM 21,517 19,065 BOAT LOAN ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT COLLEEN SCOTT FROM 10,500 18,806 CHARGE CARD ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT JANISSE GREEN FROM 20,000 18,695 REVOLVING LOC ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT SATI SMITH FROM 16,000 14,994 REVOLVING LOC ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT JANISSE GREEN FROM 22,892 12,850 VEHICLE LOAN ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT DARREN JOHNSON FROM 5,000 4,479 CLOSED END LOAN ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT PAMELA SCALES FROM 7,456 1,847 CHARGE CARD ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT DAVID BROOKS, III FROM 9,500 640 REVOLVING LOC ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT AL PATRICK, JR FROM 7,000 95 CHARGE CARD ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT FORM 990, PAGE 2, PART III, LINE 4D TO PROVIDE FRIENDLY, PERSONAL, FINANCIAL SERVICES IN A PROFESSIONAL ATMOSPHERE TO ALL MEMBERS. FORM 990, PAGE 6, PART VI, LINE 6 A MEMBER MUST HOLD ONE (1) FULLY PAID SHARE (PAR VALUE 5.00) AND MEET THE REQUIREMENTS STATED IN THE CREDIT UNION'S BYLAWS TO RETAIN MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7A THE ORGANIZATION'S MEMBERS (SHAREHOLDERS) ELECT THE ORGANIZATION'S GOVERNING BODY (DIRECTORS) ANNUALLY IN ACCORDANCE WITH THE CREDIT UNION'S BYLAWS. FORM 990, PAGE 6, PART VI, LINE 7B APPROVAL OF THE ORGANIZATION'S MEMBERS IS REQUIRED TO CHANGE THE CREDIT UNION'S BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, DIRECTORS, & COMMITTEE MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION OF THE CEO INCLUDES A REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PAGE 6, PART VI, LINE 15B THE PROCESS FOR DETERMINING COMPENSATION OF OTHER EMPLOYEES INCLUDES A REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PAGE 6, PART VI, LINE 19 THE BYLAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY ON A MONTHLY BASIS. FORM 990, PART XI, LINE 9 CHANGES IN ACCUM OTHER COMP LOSS: 0 DEFINED BENEFIT PLAN: 0 CHANGE IN UNRECOG PRIOR SVC COST 367 CHANGE IN UNRECOG NET ACTUARIAL LOSS (GAIN) 2,022,693 RETIREE MEDICAL BENEFITS PLAN: 0 CHANGE IN UNRECOG PRIOR SVC COST 42,684 CHANGES IN ACCUM OTHER COMP LOSS: 0 RETIREE MEDICAL BENEFITS PLAN: 0 CHANGE IN UNRECOG NET ACTUARIAL LOSS (GAIN) -134,591 TOTAL 1,931,153