2022-11-07T14:45:34-06:00 2021-12-31 382492570 DOEREN MAYHEW 305 W BIG BEAVER ROAD TROY MI 48084 990 2021-01-01 381642684 CREDIT UNIONS CHARTERED IN THE STATE OF MI 510 SUNRISE FAMILY CREDIT UNION CRED 9896841730 404 SOUTH EUCLID AVE BAY CITY MI 487063206 BARBARA WEILER PRESIDENT/CEO 9896841730 2022-11-07 1 BARBARA WEILER 999009999 BRANDON M WILSON P02447970 2482443000 2022-11-07 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z BARBARA WEILER 404 SOUTH EUCLID AVE BAY CITY MI 487063206 4672595 0 X WWW.SUNRISEFAMILYCU.ORG X CREDIT UNION 1956 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 7 7 49 12 119234 0 0 0 3887697 3724191 892312 948404 0 0 4780009 4672595 0 0 0 0 1939102 1923876 0 0 0 2634937 2617030 4574039 4540906 205970 131689 134011246 148912549 121737121 137753149 12274125 11159400 MEMBER OWNED AND MEMBER CONTROLLED FINANCIAL COOPERATIVE DEDICATED TO PROVIDING SOUND COMPREHENSIVE FINANCIAL SERVICES TO ITS FAMILY OF MEMBERS. 0 0 PROVIDE 14,473 MEMBERS WITH REGULAR SAVINGS, SHARE DRAFTS, CERTIFICATE OF DEPOSIT, IRA, MONEY MARKET AND CLUB ACCOUNTS TOTALING 20,830. PROVIDE 5,280 LOANS INCLUDING VEHICLE, PERSONAL, HOME EQUITY, MORTGAGE BUSINESS, OVERDRAFT, SHARE SECURED, INDIRECT AND CREDIT CARD LOANS. OFFER AUTOMATED TELLER MACHINES, DEBIT CARDS, MONEY ORDERS, NO COST BILL PAYER, STUDENT SCHOLARSHIPS, FINANCIAL LITERACY WORKSHOPS IN-SCHOOL, BRANCHES, COURTESY PAY AND VARIOUS INSURANCE PROGRAMS. 0 0 0 0 0 0 0 0 0 1 1 1 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 2150 0 1 49 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X SUNRISE FAMILY CREDIT UNION 9896841730 404 SOUTH EUCLID AVENUE BAY CITY MI 48706 JUDY FLETCHER CHAIRPERSON 1.00 X 0 0 0 DAVID ROYAL VICE CHAIRPERSON 1.00 X 0 0 0 JAMES VOSS SECRETARY 1.00 X 0 0 0 DAVID WOLTHUIS TREASURER 1.00 X 0 0 0 DAVE HUNT DIRECTOR 1.00 X 0 0 0 CJ MONTANA DIRECTOR 1.00 X 0 0 0 LOUIS MEYETTE DIRECTOR 1.00 X 0 0 0 BARBARA WEILER PRESIDENT/CEO 40.00 X 186777 0 69892 REBECCA ARNOLD VP ACCOUNTING 40.00 X 81069 0 25254 267846 0 95146 1 0 1 0 FISERV 75 REMITTANCE DRIVE CHICAGO IL 606751649 DATA PROCESSING/HOME BRANCH 586518 PSCU P O BOX 37603 PHILADELPHIA PA 19101 CREDIT CARDS 209451 EFUNDS 9692 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 DEBIT/ATM CARDS 186086 CO-OP 9692 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 DEBIT/ATM CARDS 181503 4 LOAN INTEREST INCOME 522100 2167090 2167090 FEE AND OTHER INCOME 522100 1437867 1437867 FINANCE AND INSURANCE 520000 119234 119234 3724191 948404 948404 4672595 3604957 119234 948404 X 362992 1100254 163563 186884 110183 2175 39718 830149 132235 374295 327395 255594 2704 29447 149868 75264 52134 LOAN SERVICING 340218 MISCELLANEOUS OPERATING 56220 ASSOCIATION DUES/EXAM F 32790 PROVISION FOR LOAN LOSS -83176 4540906 2688914 1500295 245469 247660 386524 977161 45593583 42312504 210974 156732 6933552 3025320 4045318 3908232 45893910 67758617 33409217 30170515 1537337 1880833 134011246 148912549 319283 339553 121417838 137413596 121737121 137753149 X 0 0 0 0 12274125 11159400 12274125 11159400 134011246 148912549 X 131689 -1246926 512 X X 0 1 X 1 0 737437 737437 4880612 1967439 2913173 1315503 1057881 257622 3908232 CERTIFICATES 17584000 C CO-OP NETWORK STOCK 100 C CU VILLAGE CUSO INVESTMENT 50000 C FEDERAL HOME LOAN BANK STOCK 192600 C FEDERAL AGENCY SECURITIES 49931917 F 67758617 ALLOYA CORPORATE FEDERAL CREDIT UNION 30170515 C 30170515 MEMBER SHARES AND DEPOSITS 137413596 137413596 X 4672595 0 4672595 0 4672595 4540906 0 4540906 0 4540906 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 0 0 0 BARBARA WEILER PRESIDENT/CEO 186777 0 0 0 0 0 15113 0 54779 0 256669 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE AND VOTING. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEETING. EACH BOARD MEMBER IS ELECTED FOR A THREE YEAR TERM. FORM 990, PART VI, SECTION A, LINE 7B CREDIT UNION DECISIONS THAT ARE SUBJECT TO MEMBERSHIP APPROVAL ARE MERGERS. FORM 990, PART VI, SECTION B, LINE 11B A REVIEW IS CONDUCTED BY THE VP ACCOUNTING PRIOR TO SUBMISSION TO THE IRS. SUBSEQUENT TO FILING, THE BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF THE 990 RETURNS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C THE SUPERVISORY COMMITTEE IS RESPONSIBLE FOR MONITORING AND ENFORCING COMPLIANCE. THE COMMITTEE DOES REGULAR AUDITS OF ACCOUNTS AND RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPOINTS A PERSONNEL COMMITTEE THAT DISTRIBUTES EVALUATION FORMS TO THE BOARD OF DIRECTORS. THE PERSONNEL COMMITTEE'S SUMMARY OF INFORMATION IS PRESENTED TO THE BOARD OF DIRECTORS AND THE PRESIDENT/CEO. THE MCUL COMPENSATION SURVEY IS REVIEWED ANNUALLY. SALARY INCREASES ARE BASED ON PERFORMANCE BY THE PRESIDENT/CEO OF THE STANDARDS THAT WERE SET. THE PRESIDENT/CEO PERFORMS AN EVALUATION OF THE VP ACCOUNTING. SALARY INCREASES ARE GIVEN BY THE PRESIDENT/CEO. THE BOARD OF DIRECTORS APPROVES A SALARY RANGE FOR ALL EMPLOYEES EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY. OTHER DOCUMENTS AND POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES 103,999. ATM SERVICES 510,599. PC BANKING 215,551. FORM 990, PART XI, LINE 9: CHANGE IN APPROPRIATED STATUTORY RESERVE 512. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.