2022-11-07T09:12:49-06:00 2021-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2021-01-01 381418180 CHRISTIAN FINANCIAL CREDIT UNION CHRI 5867726330 35100 VAN DYKE AVENUE STERLING HEIGHTS MI 48312 VALLORIE MCBRIDE CFO 5867726330 2022-11-04 1 VALLORIE MCBRIDE 999009999 JOHN J MURNANE JR P03021572 2482443000 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z PATRICIA CAMPBELL 35100 VAN DYKE AVENUE STERLING HEIGHTS MI 48312 33648146 0 1359 X WWW.CHRISTIANFINANCIALCU.COM X 1950 MI AT CHRISTIAN FINANCIAL CREDIT UNION, OUR MISSION IS TO PROVIDE AN ENVIRONMENT THAT DELIVERS HIGH-QUALITY PRODUCTS AND SERVICES THAT PROMOTE CONVENIENCE, TRUST, AND PERSONAL SERVICE TO ASSIST OUR MEMBERS IN ACHIEVING THEIR FINANCIAL SUCCESS. 11 11 224 11 1422190 0 0 0 27227511 29170790 1592272 2190068 3231614 2056861 32051397 33417719 0 0 0 0 11928034 12503512 0 0 0 17076769 15746991 29004803 28250503 3046594 5167216 723216284 826475315 651724436 750551502 71491848 75923813 X CHRISTIAN FINANCIAL SERVICES OVER 59,000 MEMBERS IN METROPOLITAN DETROIT. CHARTERED IN 1950 THE CREDIT UNION'S MISSION IS TO PROVIDE MEMBERS CUSTOMIZED SOLUTIONS TO ENHANCE THEIR FINANCIAL WELL-BEING THROUGH A TRUSTED PARTNERSHIP WITH A DEDICATED TEAM OF PROFESSIONALS FOCUSED ON EXCEEDING THEIR EXPECTATIONS. 0 0 THE CREDIT UNION ORIGINATED $196.6 MILLION IN LOANS TO MEMBERS DURING 2021. LOANS ARE GENERALLY ORIGINATED AT BELOW MARKET INTEREST RATES HIGHLIGHTING MEMBER LOYALTY. THE CREDIT UNION COMPLETED A SYSTEM CONVERSION IN 2015 . THE SYSTEM CONTINUES TO IMPROVE THE MEMBER EXPERIENCE THROUGH THE OFFERING OF PRODUCTS SUCH AS LENDING AND ACCOUNT ORIGINATIONS ONLINE AND MOBILE BANKING. THE CREDIT UNION OFFERS CONVENIENT DELIVERY CHANNELS FOR MEMBERS WHERE WE FULLY ABSORB THE COST OF THE ABILITY TO USE 30,000 ATMS, ACCESS TO THE SHARED BRANCHING NETWORK WITH OVER 5,600 OUTLETS NATIONWIDE, FREE ACCESS TO ONLINE BANKING AND BILL PAYMENT FOR ALL CONSUMERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18106 0 1 224 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X VALLORIE MCBRIDE CPA 5864981592 35100 VAN DYKE AVENUE STERLING HEIGHTS MI 48312 PAUL AVERY BOARD SECRETARY 1.00 X 0 0 0 JAMES BANASZAK BOARD CHAIRMAN 1.00 X 0 0 0 JOHN AMRHEIN BOARD DIRECTOR 1.00 X 0 0 0 FRED ANDARY BOARD TREASURER 1.00 X 0 0 0 JEFF MALACKO BOARD DIRECTOR 1.00 X 0 0 0 MARK TUTTLE BOARD VICE CHAIRPERSON 1.00 X 0 0 0 KIM REGENER BOARD DIRECTOR 1.00 X 0 0 0 LEE CASTIGLIONI BOARD DIRECTOR 1.00 X 0 0 0 TAMIKA ANDERSON BOARD DIRECTOR 1.00 X 0 0 0 MICHAEL DOMZALSKI BOARD DIRECTOR 1.00 X 0 0 0 TONY SHEREDA BOARD DIRECTOR 1.00 X 0 0 0 PATRICIA CAMPBELL PRESIDENT & CEO 40.00 X 455601 0 24977 VALLORIE MCBRIDE CFO 40.00 X 132248 0 19792 STEVEN ANDREWS CHIEF ADMINISTRATION OFFIC 40.00 X 164782 0 27052 JAMES SPESHOCK COO 40.00 X 134546 0 21665 LAUREN FOGARTY CHIEF DIGITAL STRATEGIES OFFICER 40.00 X 112907 0 18842 DAVID MAURER MANAGER OF NETWORK SECURIT 40.00 X 122470 0 9494 DENNIS BANKER COMMERCIAL LOAN OFFICER 40.00 X 155397 0 17625 1277951 0 139447 10 0 1 0 FISERV INC PO BOX 934057 ATLANTA GA 31193 CORE DATA PROCESSOR/IT SERVICES 1390519 CO-OP FINANCIAL SERVICES 9692 HAVEN AVE RANCHO CUCAMONGA CA 97130 FINANCIAL SERVICES 805453 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSOR 589951 THINK STACK 1300 THAMES STREET SUITE 20 BALTIMORE MD 21231 NETWORK SECURITY 378139 DIEBOLD INC PO BOX 643543 PITSSBURGH PA 15264 ATM TERMINAL MAINTENANCE 190551 12 INCOME FROM MEMBER LOANS 522100 17258411 17258411 FEES, CHARGES, & OTHER 522100 10490189 10490189 FINANCE AND INSURANCE 522000 1422190 1422190 29170790 2171687 2171687 248808 230427 18381 18381 18381 EQUITY IN EARNINGS OF CUSO 522100 2056861 2056861 2056861 33417719 29823842 1422190 2171687 X 632618 9399136 632195 1106214 733349 177006 146300 232684 120275 289110 1317008 2129012 1175223 30059 96621 3207695 72715 1286773 155839 DEBIT/CREDIT CARD EXPEN 2285377 LOAN SERVICING 1130501 MAINTENANCE 832952 ATM EXPENSES 438071 623770 28250503 5662527 6878632 218302119 136441469 3790018 6257066 378623899 446109837 1033043 1234211 36964691 7221342 30843778 29743349 70473387 167079069 5087432 10128211 2000840 1894311 7399241 20709160 723216284 826475315 2765584 2817686 8669025 7306772 640289827 740427044 651724436 750551502 X 0 0 0 0 71491848 75923813 71491848 75923813 723216284 826475315 5167216 -735251 0 X X 0 1 X 1 0 9864771 9864771 20893881 3976610 16917271 6206039 3244732 2961307 29743349 MEMBER SHARES 739942059 POSTRETIREMENT BENEFIT LIABILITY 484985 740427044 X 33417719 0 33417719 0 33417719 28250503 0 28250503 0 28250503 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. X X X X X 0 0 0 PATRICIA CAMPBELL PRESIDENT & CEO 377049 0 60931 0 17621 0 20300 0 4677 0 480578 0 0 0 STEVEN ANDREWS CHIEF ADMINISTRATION OFFIC 156072 0 7750 0 960 0 11775 0 15277 0 191834 0 0 0 DENNIS BANKER COMMERCIAL LOAN OFFICER 72022 0 300 0 83075 0 7122 0 10503 0 173022 0 0 0 JAMES SPESHOCK COO 125467 0 7000 0 2079 0 9464 0 12201 0 156211 0 0 0 VALLORIE MCBRIDE CFO 123329 0 7800 0 1119 0 9061 0 10731 0 152040 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ANY INDIVIDUAL THAT HAS AN ACCOUNT WITH THE CREDIT UNION IS CONSIDERED A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER IS GIVEN ONE VOTE TO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR AND AS REQUIRED BY THE MICHIGAN CREDIT UNION ACT AND THE BY-LAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED AT A REGULAR BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL EMPLOYEES, MANAGEMENT AND BOARD MEMBERS ARE PROVIDED WITH COPIES OF THE POLICIES AND MUST SIGN FOR ACKNOWLEDGMENT. FORM 990, PART VI, SECTION B, LINE 15 PRESIDENT/CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS; COMPENSATION SURVEY DATA IS USED. SENIOR MANAGEMENT COMPENSATION IS APPROVED BY PRESIDENT/CEO; COMPENSATION SURVEY DATA IS USED. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENT ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND ARE POSTED IN ALL CREDIT UNION BRANCH LOCATIONS. FORM 990, PART IX, LINE 24E MISCELLANEOUS 419,376. PROVISION FOR LOAN LOSS 150,000. EDUCATION 54,394. FORM 990, PART XII, LINE 2C: WE HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. OUR PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.