2022-09-26T06:46:13-07:00 2021-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2021-01-01 381907619 Bloom Credit Union BLOO 6164522161 1414 Burton Street SW Wyoming MI 49509 Robert Drager CFO 2022-09-26 true Robert Drager 999009999 Patrick Haughey P01980057 8005225820 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z Robert Drager 8391564 false X https://bloomcu.org/ X 1951 MI Provide financial services and products to members. 7 7 61 7 105462 5962 0 7522402 8052963 437726 338601 0 7960128 8391564 0 0 2622319 2841566 0 0 4498509 4298265 7120828 7139831 839300 1251733 168894673 189326662 153982467 173401784 14912206 15924878 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 12/31/2021 was 14,821. 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 12/31/2021 was 8,426. 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 2114 0 true 61 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 142376 0 14035 Rebecca Baines VP Operations 40.00 0.00 X 117972 0 33685 Daniel Baines Former CEO 40.00 0.00 130042 0 11597 Robert Draeger CFO 40.00 0.00 X 44174 0 4079 Roxanne Speck Chairperson 1.00 0.00 X 4224 0 0 Dennis Brown Treasurer 1.00 0.00 X 414 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 Danna Gomez Director 1.00 0.00 X 0 0 0 439202 63396 3 true true false Blue Care Network 20500 Civic Center Dr Southfield MI 48076 Emp Health Insurance 297373 Fiserv 75 Remittance Drive Suite 1649 Chicago IL 60675 Data Processing 337721 Coop Network 9692 Haven Avenue Rancho Cucamonga CA 917305891 Card Services 343447 Full Circle Marketing and Design 600 7th Street NW Suite 200 Grand Rapids MI 49504 Marketing 279538 NCR 864 Spring St NW Atlanta GA 30309 Payment Solutions 357499 5 0 Fee and Other Income 522100 2318430 2318430 Insurance Revenue 524298 55300 55300 Interest on Loans 522100 5629071 5629071 Non-Member ATM Fees 525990 34900 34900 Oth Non-Mbr Activity Inc 525990 13284 13284 1978 1978 8052963 338601 338601 0 0 0 0 0 0 0 Insurance Revenue 524298 Non-Member ATM Fees 525990 Oth Non-Mbr Activity Inc 525990 0 8391564 8286102 105462 0 0 0 0 502601 0 1664783 126615 388618 158949 0 0 0 0 0 0 89832 413619 1775951 215722 0 325092 85804 0 0 326544 0 295475 64161 Loan Servicing 600587 Postage and Shipping 107406 Miscellaneous Expenses 14326 Cash over and short 11398 -27652 7139831 0 0 0 3906815 5875726 42170528 55167608 0 420056 1043883 0 0 105014023 106268149 0 440854 8829623 4246007 4756591 4583616 9793432 13365337 440200 440200 0 0 2393028 2141289 168894673 189326662 138695 142151 153843772 173259633 153982467 173401784 X 14912206 15924878 14912206 15924878 168894673 189326662 1251733 -239061 X false false false 1405804 1405804 5028072 2404909 2623163 324293 217824 106469 1269868 849499 420369 801586 773775 27811 4583616 Member Deposits 173259633 173259633 false false false Daniel Baines Former CEO 129496 546 11597 141639 Joseph Heintskill CEO 141154 1222 12689 1346 156411 Rebecca Baines VP Operations 116799 1173 10424 23261 151657 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Daniel Baines Former(President/CEO) and Rebecca Baines (VP Operations) are husband and wife.Board Chair, Roxanne Speck, is the daughter of director Dennis Brown. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder The Credit Union has a single class of members with equal rights of ownership, governance, and voting. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body The board is elected by the membership for three year terms. 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. A copy is made available to the Board of Directors for review. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management 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, Line 19: Other Organization Documents Publicly Available 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. Financial Resource Advisors LLC 1414 Burton St SW Wyoming MI 49509 383406282 Insurance and Investment Sales MI -1153 56980 Bloom Credit Union false false false false false false false false false false false false false false false false false false false