2022-05-15T14:43:44-07:00 2021-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2021-01-01 381370948 GR Consumers Credit Union GRCO 6165383325 3975 Clay Avenue SW Wyoming MI 49548 Timothy Kindred CEO 2022-05-15 true Timothy Kindred 999009999 Patrick Haughey P01980057 8005225820 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z 3975 Clay Avenue SW Wyoming MI 495483086 2051616 false X www.grccu.com X 1941 MI Provide financial services and products to members. 7 7 18 7 7263 0 1327173 1484019 520880 567597 0 1848053 2051616 0 0 819637 800903 0 0 946910 939221 1766547 1740124 81506 311492 45437721 49394683 38099802 41736574 7337919 7658109 Provide financial services and products to members. false false The Credit Union provides several deposit account types to members including savings, checking certificate and other. The total number of members at 12/31/2021 was 3,210. The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of member loans outstanding at 12/31/2021 was 2,339. false false false false false false false false false true true 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 682 0 true 18 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 Timothy Kindred 6165383325 3975 Clay Avenue SW Wyoming MI 495483086 Timothy Kindred CEO 40.00 0.00 X 130439 0 29172 Rex Welbon Chairperson 1.00 0.00 X 0 0 0 Marci Ver Beek Director 1.00 0.00 X 0 0 0 Debra Hines Director 1.00 0.00 X 0 0 0 Kelly Falconer Secretary 0.00 0.00 X 0 0 0 Beth Maycroft Director 1.00 0.00 X 0 0 0 Michael Cardosa Treasurer 1.00 0.00 X 0 0 0 Jeff Huvaere Vice Chair 1.00 0.00 X 0 0 0 130439 29172 1 false true false CU Answers 6000 28th St SE Grand Rapids MI 49546 Data Processing 119088 PSCU 560 Carilon Parkway St Petersburg FL 33716 Card/Plastics Processor 165304 2 0 ATM Surcharge 945 945 Insurance Premium Income 524298 29541 23223 6318 Interchange Income 522100 286397 286397 Interest on Loans 522100 860550 860550 Other Fees & Charges 522100 306586 306586 1484019 567597 567597 0 0 0 0 0 0 0 ATM Surcharge 522100 Insurance Premium Income 524298 0 2051616 2044353 7263 0 0 0 0 159611 0 470557 59179 62624 48932 0 1435 6263 0 0 0 79252 83149 106498 116718 0 56704 16127 0 0 79345 0 71509 15913 ATM/Credit/Debit Card Expense 204473 Loan and collection expense 44946 Postage and Shipping 17590 Provision for Loan Losses 15400 23899 1740124 0 0 0 359999 326063 10658783 9332457 0 78747 6166 0 0 14888446 17931050 0 53910 68334 1457071 1247713 275732 209358 196820 1026078 18464832 19891000 0 0 460452 604177 45437721 49394683 35536 293071 38064266 41443503 38099802 41736574 X 7337919 7658109 7337919 7658109 45437721 49394683 X 311492 8675 23 X false true X true false 19099 19099 936934 771024 165910 9231 9231 137627 133691 3936 354180 333767 20413 209358 19891000 Member Shares & Deposits 41443503 41443503 false false false Timothy Kindred CEO 124419 6020 29172 159611 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Section 501c(14) credit union is composed of members. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Mergers are voted on by entire membership. Form 990, Part VI, Line 11b: Form 990 Review Process Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Executive and employee salaries are Board reviewed and approved. Board of Directors are not compensated. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available 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. Other Changes In Net Assets Or Fund Balances - Other Increases Reclassifaction of reserves from prior years = $23