CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (EIN 38-1215360)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2022-05-02
IRS object ID: 202231229349301308
Schema version: 2020v4.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule I
Schedule J
Schedule L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-05-02T11:42:26-05:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	381215360	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CREDIT UNIONS CHARTERED IN THE	BusinessNameLine1Txt
Business Name Line2	STATE OF MICHIGAN 48 LAKE MICH CU	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	CRED	BusinessNameControlTxt
Phone	6162429790	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 2848	AddressLine1Txt
City	GRAND RAPIDS	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	495012848	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PETER DANN	PersonNm
Person Title	SVP CFO	PersonTitleTxt
Phone	6162346418	PhoneNum
Signature	2022-05-02	SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	PETER	PersonFirstNm
Person Last	DANN	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	LAKE MICHIGAN CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Principal Officer	SANDY JELINSKI	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 2848	AddressLine1Txt
City	GRAND RAPIDS	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	49501	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$495,848,275	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.LMCU.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1933	FormationYr
Legal Domicile State	MI	LegalDomicileStateCd
Activity Or Mission	PROMOTION OF THRIFT AND PROVIDING LOW COST CREDIT AND OTHER FINANCIAL SERVICES FOR ITS MEMBERS THROUGH MUTUAL AND NONPROFIT ORGANIZATION.	ActivityOrMissionDesc
Voting Members Governing Body	11	VotingMembersGoverningBodyCnt
Voting Members Independent	11	VotingMembersIndependentCnt
Total Employee	1630	TotalEmployeeCnt
Total Gross UBI	$2,997,697	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$524,533	NetUnrelatedBusTxblIncmAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$358,494,162	PYProgramServiceRevenueAmt
CY Program Service Revenue	$377,359,470	CYProgramServiceRevenueAmt
PY Investment Income	$20,678,422	PYInvestmentIncomeAmt
CY Investment Income	$10,047,620	CYInvestmentIncomeAmt
PY Other Revenue	$47,565,887	PYOtherRevenueAmt
CY Other Revenue	$108,441,185	CYOtherRevenueAmt
PY Total Revenue	$426,738,471	PYTotalRevenueAmt
CY Total Revenue	$495,848,275	CYTotalRevenueAmt
PY Grants And Similar Paid	$33,000	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$28,000	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$114,294,690	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$141,085,486	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$166,737,043	PYOtherExpensesAmt
CY Other Expenses	$190,215,920	CYOtherExpensesAmt
PY Total Expenses	$281,064,733	PYTotalExpensesAmt
CY Total Expenses	$331,329,406	CYTotalExpensesAmt
PY Revenues Less Expenses	$145,673,738	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$164,518,869	CYRevenuesLessExpensesAmt
Total Assets BOY	$6,861,784,826	TotalAssetsBOYAmt
Total Assets EOY	$9,236,003,182	TotalAssetsEOYAmt
Total Liabilities BOY	$5,984,557,662	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$8,190,361,653	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$877,227,164	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$1,045,641,529	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	PROMOTION OF THRIFT AND PROVIDING LOW COST CREDIT AND OTHER FINANCIAL SERVICES FOR ITS MEMBERS THROUGH MUTUAL AND NONPROFIT ORGANIZATION.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	SEE ADDITONAL DETAILS	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	SEE ADDITIONAL DETAILS	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Desc	SEE ADDITIONAL DETAILS	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Desc	SEE DETAILS	Desc

Field	Value	IRS element (for citing)
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	Yes (true)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (true)	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Loan Outstanding	Yes (true)	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	Yes (true)	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	0	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	1630	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind	false	Form8899Filedind
Form1098 C Filed	false	Form1098CFiledInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	Yes (true)	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	11	GoverningBodyVotingMembersCnt
Independent Voting Member	11	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (true)	MembersOrStockholdersInd
Election Of Board Members	Yes (true)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (true)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	Yes (true)	LocalChaptersInd
Policies Reference Chapters	Yes (true)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	Yes (true)	InvestmentInJointVentureInd
Written Policy Or Procedure	Yes (true)	WrittenPolicyOrProcedureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LAKE MICHIGAN CREDIT UNION	BusinessNameLine1Txt
Business Name Line2	LAKE MICHIGAN CREDIT UNION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Phone	6162346830	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5540 GLENWOOD HILLS PKWY SE	AddressLine1Txt
Address Line2	5540 GLENWOOD HILLS PKWY SE	AddressLine2Txt
City	GRAND RAPIDS	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	49512	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Average Hours Per WeekAverageHoursPerWeekRt	OfficerOfficerInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
BILL VAN PORT FLEET
BOARD MEMBER	Yes (X)	$0	$0	$0
BOB PARTRIDGE
BOARD MEMBER	Yes (X)	$0	$0	$0
BOB WHITE
BOARD MEMBER	Yes (X)	$0	$0	$0
CHERI PARKER
BOARD MEMBER	Yes (X)	$0	$0	$0
GRETCHEN TELLMAN-PARTRIDGE
BOARD MEMBER	Yes (X)	$0	$0	$0
DAVE BARDOLPH
BOARD MEMBER	Yes (X)	$0	$0	$0
JACK NEWBERRY
BOARD MEMBER	Yes (X)	$0	$0	$0
TIM GORTSEMA
BOARD MEMBER	Yes (X)	$0	$0	$0
MIKE RICE
BOARD MEMBER	Yes (X)	$0	$0	$0
TOM THEORET
BOARD MEMBER	Yes (X)	$0	$0	$0
JUAN OLIVAREZ
BOARD MEMBER	Yes (X)	$0	$0	$0
SANDY JELINSKI
CEO		$2,329,598	$0	$64,937	40.00	Yes (X)
PETER DANN
SVP CFO		$367,190	$0	$37,341	40.00	Yes (X)
ERIC BURGOON
SVP MORTGAGE		$612,031	$0	$58,538	40.00	Yes (X)
RAZI QADRI
SVP CIOO		$940,714	$0	$38,202	40.00	Yes (X)
DON BRATT
SVP CMO		$309,195	$0	$41,857	40.00	Yes (X)
MARK POWELL
VP CRO		$309,634	$0	$20,109	40.00	Yes (X)
SARA KEMPERMAN
SVP RETAIL O		$271,140	$0	$28,074	40.00	Yes (X)
NORA SWART
SVP CPO		$423,572	$0	$36,421	40.00	Yes (X)
MATT ADLER
MORTGAGE LO		$1,641,448	$0	$38,028	40.00		Yes (X)
ZAC ELLERBROEK
MORTGAGE LO		$1,060,156	$0	$10,077	40.00		Yes (X)
CORBIN BUTTLEMAN
VP RETAIL MO		$1,165,079	$0	$37,571	40.00		Yes (X)
JAMES PAQUETTE
MORTGAGE SAL		$1,046,909	$0	$35,767	40.00		Yes (X)
BRENT GREEN
MORTGAGE SAL		$949,040	$0	$40,416	40.00		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$11,425,706	TotalReportableCompFromOrgAmt
Total Other Compensation	$487,338	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	258	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
FACTUAL DATA
PO BOX 535595	PITTSBURGH	PA	15253	CREDIT REPORTS	$3,121,772
NEWCO BUILDING
4131 ROGER B CHAFFE	GRAND RAPIDS	MI	49548	CONSTRUCTION	$3,042,984
AT&T
PO BOX 5014	CAROL STREAM	IL	60197	PHONE	$2,736,642
LERETA
901 CORPORATE CENTER	POMONA	CA	91768	TAX	$1,910,464
JACK HENRY
PO BOX 609	MONETT	MO	65708	SOFTWARE	$1,724,118

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	114	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
INTEREST ON MEMBER LOANS	522291	$236,850,248	$236,850,248
INTERCHANGE AND OTHER	522100	$80,698,782	$80,698,782
FEES AND CHARGES ON ACCOUNTS	522291	$28,771,755	$28,771,755
MORTGAGE SERVICING RIGHTS	525990	$28,040,988	$28,040,988
INSURANCE REVENUE	525990	$2,483,171		$2,483,171

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$514,526	TotalRevenueColumnAmt
Unrelated Business Revenue	$514,526	UnrelatedBusinessRevenueAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$377,359,470	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$10,047,620	TotalRevenueColumnAmt
Exclusion	$10,047,620	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
GAIN ON SALE OF MORTGAGE	522100	$108,183,388	$108,183,388
GAIN ON SALE OREO AND OTHER	522100	$257,797	$257,797

Field	Value	IRS element (for citing)
Other Revenue Total	$108,441,185	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$495,848,275	TotalRevenueColumnAmt
Related Or Exempt Func Income	$482,802,958	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$2,997,697	UnrelatedBusinessRevenueAmt
Exclusion	$10,047,620	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$28,000	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$5,563,073	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$114,487,854	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$4,334,392	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$9,412,306	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$7,287,861	TotalAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$745,683	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$1,185,438	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$187,006	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$5,588,178	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$8,961,998	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$11,865,264	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$7,620,081	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$307,776	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$76,598,134	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$7,781,464	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$736,215	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
LOAN SERVICING	$42,076,610
BANK/ CARD SERVICE CHARGE	$11,410,657
MISC EXPENSE	$7,899,820
PROVISION FOR LOAN LOSS	$7,251,596

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$331,329,406	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$22,456,888	BOYAmt
EOY	$22,326,292	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$949,337,592	BOYAmt
EOY	$1,848,089,620	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$5,984,305	BOYAmt
EOY	$8,775,060	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$13,242,859	BOYAmt
EOY	$55,281,147	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$5,120,944,250	BOYAmt
EOY	$6,374,492,025	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$226,905,555	BOYAmt
EOY	$140,196,027	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$4,402,753	BOYAmt
EOY	$5,776,804	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$146,010,977	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$48,866,258	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$86,597,581	BOYAmt
EOY	$97,144,719	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$207,156,082	BOYAmt
EOY	$447,565,021	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$26,389,200	BOYAmt
EOY	$27,122,400	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$50,082,863	BOYAmt
EOY	$49,275,409	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$148,284,898	BOYAmt
EOY	$159,958,658	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$6,861,784,826	BOYAmt
EOY	$9,236,003,182	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$54,034,142	BOYAmt
EOY	$75,832,077	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$18,908,804	BOYAmt
EOY	$34,432,235	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$344,000,000	BOYAmt
EOY	$270,000,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$5,567,614,716	BOYAmt
EOY	$7,810,097,341	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$5,984,557,662	BOYAmt
EOY	$8,190,361,653	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$877,227,164	BOYAmt
EOY	$1,045,641,529	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$877,227,164	BOYAmt
EOY	$1,045,641,529	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$6,861,784,826	BOYAmt
EOY	$9,236,003,182	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$164,518,869	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$3,382,493	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$513,003	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	false	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (true)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$33,972,383	OtherCostOrOtherBasisAmt
Book Value	$33,972,383	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$76,474,200	OtherCostOrOtherBasisAmt
Depreciation	$22,903,564	DepreciationAmt
Book Value	$53,570,636	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,694,140	OtherCostOrOtherBasisAmt
Depreciation	$1,190,706	DepreciationAmt
Book Value	$503,434	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$29,537,948	OtherCostOrOtherBasisAmt
Depreciation	$22,027,498	DepreciationAmt
Book Value	$7,510,450	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,332,306	OtherCostOrOtherBasisAmt
Depreciation	$2,744,490	DepreciationAmt
Book Value	$1,587,816	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$97,144,719	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	TOTAL DEPOSITS	Desc
Amt	$7,810,097,341	Amt

Field	Value	IRS element (for citing)
Total Liability	$7,810,097,341	TotalLiabilityAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE D, PAGE 2, PART IV, LINE 2B	FormAndLineReferenceDesc
Explanation	THE CREDIT UNION ACTS AS CUSTODIAN FOR RETAIL MORTGAGES	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	false	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	HUTT COLLEGE SCHOLARSHIPS	GrantTypeTxt
Recipient	14	RecipientCnt
Cash Grant	$28,000	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE I, PAGE 4, PART IV	FormAndLineReferenceDesc
Explanation	HUTT SCHOLARSHIPS ARE AWARDED TO HIGH SCHOOL SENIORS WHO WRITE AN ESSAY AND ARE CHOSEN AS FINALISTS.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	Yes (X)	FirstClassOrCharterTravelInd
Travel For Companions	Yes (X)	TravelForCompanionsInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (true)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt
SANDY JELINSKI
CEO	$1,347,063	$982,452	$83	$54,050	$10,887	$2,394,535
PETER DANN
SVP CFO	$303,840	$63,300	$50	$27,189	$10,152	$404,531
ERIC BURGOON
SVP MORTGAGE	$515,181	$96,800	$50	$49,679	$8,859	$670,569
RAZI QADRI
SVP CIOO	$698,658	$242,000	$56	$28,050	$10,152	$978,916
DON BRATT
SVP CMO	$260,241	$48,898	$56	$33,108	$8,749	$351,052
MARK POWELL
VP CRO	$252,659	$56,925	$50	$15,603	$4,506	$329,743
SARA KEMPERMAN
SVP RETAIL OPERATION	$229,690	$41,400	$50	$24,398	$3,676	$299,214
NORA SWART
SVP CPO	$345,647	$77,875	$50	$29,289	$7,132	$459,993
MATT ADLER
MORTGAGE LO	$1,641,294	$154		$25,400	$12,628	$1,679,476
ZAC ELLERBROEK
MORTGAGE LO	$1,060,002	$154			$10,077	$1,070,233
CORBIN BUTTLEMAN
VP RETAIL MORTGAGE S	$1,164,925	$154		$27,494	$10,077	$1,202,650
JAMES PAQUETTE
MORTGAGE SALES MANAG	$1,046,602	$307		$27,908	$7,859	$1,082,676
BRENT GREEN
MORTGAGE SALES MANAG	$948,733	$307		$30,264	$10,152	$989,456

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE J, PART III	FormAndLineReferenceDesc
Explanation	THE EXECUTIVES LISTED IN SCHEDULE L PART II PARTICIPATE IN A COLLATERAL ASSIGNMENT SPLIT DOLLAR PLAN. LIFE INSURANCE PREMIUMS ARE PAID ON BEHALF OF THE EXECUTIVES AND TREATED AS LOANS. THE TOTAL LOAN AMOUNT AS OF 12/31/20 WAS 55,281,146. THE INSURANCE POLICY VALUE PROVIDES SUPPLEMENTAL RETIREMENT INCOME TO THE PLAN PARTICIPANTS. LIFE INSURANCE PREMIUM LOANS ARE ULTIMATELY REPAID FROM THE DEATH BENEFIT OF THE LIFE INSURANCE POLICY.	ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (10 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
SANDY JELINSKI
OFFICER	SPLIT DOLLAR PREMIUM LOAN	Yes (X)	$19,467,105	$19,735,459	false	Yes (true)	Yes (true)
NORA SWART
OFFICER	SPLIT DOLLAR PREMIUM LOAN	Yes (X)	$9,100,000	$9,217,403	false	Yes (true)	Yes (true)
PETER DANN
OFFICER	SPLIT DOLLAR PREMIUM LOAN	Yes (X)	$5,425,000	$5,460,925	false	Yes (true)	Yes (true)
ERIC BURGOON
OFFICER	SPLIT DOLLAR PREMIUM LOAN	Yes (X)	$5,180,000	$5,299,823	false	Yes (true)	Yes (true)
SARA KEMPERMAN
OFFICER	SPLIT DOLLAR PREMIUM LOAN	Yes (X)	$4,291,000	$4,325,411	false	Yes (true)	Yes (true)
JIM MASKELL
SVP COMMERCIAL	SPLIT DOLLAR PREMIUM LOAN	Yes (X)	$3,850,000	$3,853,990	false	Yes (true)	Yes (true)
RAZI QADRI
OFFICER	SPLIT DOLLAR PREMIUM LOAN	Yes (X)	$2,244,000	$2,313,515	false	Yes (true)	Yes (true)
ALICIA FORCE
VP CONSUMER	SPLIT DOLLAR PREMIUM LOAN	Yes (X)	$1,890,000	$1,891,733	false	Yes (true)	Yes (true)
DON BRATT
OFFICER	SPLIT DOLLAR PREMIUM LOAN	Yes (X)	$1,600,000	$1,663,956	false	Yes (true)	Yes (true)
MARK POWELL
OFFICER	SPLIT DOLLAR PREMIUM LOAN	Yes (X)	$1,512,000	$1,518,932	false	Yes (true)	Yes (true)

Field	Value	IRS element (for citing)
Total Balance Due	$55,281,147	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (12 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART III	LINE 4A-INTEREST INCOME LINE 4B-DEBIT / CREDIT INTERCHANGE LINE 4C-OVERDRAFT / NSF
FORM 990, PAGE 2, PART III, LINE 4D	SEE DETAILS
FORM 990, PAGE 6, PART VI, LINE 2	GRETCHEN TELLMAN ROBERT PARTRIDGE BOARD CHAIR BOARD MEMBER SPOUSE
FORM 990, PAGE 6, PART VI, LINE 6	YES, THE CREDIT UNION HAS MEMBERS
FORM 990, PAGE 6, PART VI, LINE 7A	MEMBER SHAREHOLDERS ELECT BOARD MEMBERS
FORM 990, PAGE 6, PART VI, LINE 7B	MEMBERS APPROVE BOARD MEMBERS WHEN TERMS EXPIRE.
FORM 990, PAGE 6, PART VI, LINE 11B	THE 990 IS PREPARED BY THE DIRECTOR OF FINANCE AND REVIEWED BY OUR CFO AND CONTROLLER
FORM 990, PAGE 6, PART VI, LINE 12C	OFFICERS AND DIRECTORS DISCLOSE INTEREST THAT COULD LEAD TO CONFLICT OF INTEREST ANNUALLY. THESE DOCUMENTS ARE REVIEWED BY INTERNAL AUDIT AND REPORTED TO THE AUDIT COMMITTEE
FORM 990, PAGE 6, PART VI, LINE 15A	COMPENSATION REVIEWS OF ALL OFFICER AND KEY EXECUTIVES ARE PERFORMED AT LEAST ANNUALLY BY HUMAN RESOURCES AND REVIEWED BY THE EXECUTIVE COMMITTE MADE UP OF BOARD MEMBERS
FORM 990, PAGE 6, PART VI, LINE 15B	THE BOARD OF DIRECTORS APPROVES OTHER OFFICERS AND KEY EMPLOYEES, AND COMPENSATION IS SET BY CEO
FORM 990, PAGE 6, PART VI, LINE 19	THE ORGANIZATIONS DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9	ADJUSTMENT TO OTHER COMPREHENSIVE INCOME 0 LIFE SAVINGS RESERVE 0 OCI 513,003 TOTAL 513,003

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	LAKE MICHIGAN FINANCIAL GROUP	BusinessNameLine1Txt
Business Name Line2	LAKE MICHIGAN FINANCIAL GROUP	BusinessNameLine2Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 2088	AddressLine1Txt
Address Line2	PO BOX 2088	AddressLine2Txt
City	GRAND RAPIDS	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	49501	ZIPCd

Field	Value	IRS element (for citing)
EIN	454172202	EIN
Primary Activities	FINANCIAL	PrimaryActivitiesTxt
Legal Domicile State	MI	LegalDomicileStateCd
Total Income	$1,989,853	TotalIncomeAmt
End Of Year Assets	$13,720,110	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	LMCU	BusinessNameLine1Txt
Business Name Line2	LAKE MICHIGAN CREDIT UNION	BusinessNameLine2Txt