2022-11-12T08:01:15-06:00 2021-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2021-01-01 381686050 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN CRED 2693829845 6400 W MAIN ST KALAMAZOO MI 49009 JEFF FIELDER PRESIDENT & CEO 2693829845 2022-11-11 1 JEFF FIELDER 999009999 JOHN J MURNANE JR P03021572 3052328272 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X ADVIA CREDIT UNION JEFFREY FIELDER 6400 W MAIN ST KALAMAZOO MI 49009 156970852 0 X WWW.ADVIACU.ORG X 1935 MI TO PROVIDE FINANCIAL ADVANTAGES TO OUR MEMBERS THROUGH THE OFFERING OF A FULL RANGE OF FINANCIAL PRODUCTS AND SERVICES. 6 6 718 6 474405 200892 0 0 113200942 110843985 6238728 6371542 0 0 119439670 117215527 205373 204460 0 0 37654640 37922728 0 0 0 63767443 47257640 101627456 85384828 17812214 31830699 2425158521 2694606066 2206779831 2452064821 218378690 242541245 PROVIDE COMPETITIVE DEPOSIT AND LOAN PRODUCTS TO OUR MEMBERSHIP BASE. 0 0 LOW-COST COMPETITIVE LENDING PRODUCTS (INTEREST INCOME) LOW-COST PAYMENT SOLUTIONS (DEBIT/CREDIT INTERCHANGE) COMPETITIVE MEMBERSHIP AND ACCOUNT-RELATED FEES (OVERDRAFT/NSF FEES) 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 1 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 57610 0 1 718 1 1 1 0 0 0 0 0 1 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X JEFFREY FIELDER 2693829845 6400 W MAIN ST KALAMAZOO MI 49009 MARTY DOORN V. CHAIR/BOD 1.00 X 0 0 0 JAMES BOUMA DIRECTOR/BOD 1.00 X 0 0 0 MATTHEW HIGH DIRECTOR/BOD 1.00 X 0 0 0 NICOLE KALMBACH CHAIR/BOD 1.00 X 0 0 0 MIKE SEGAL TREASURER/BOD 1.00 X 0 0 0 DONNA KALMETA SECRETARY/BOD 1.00 X 0 0 0 RICH SEIM DIRECTOR/BOD 1.00 X 0 0 0 CHERYL KONCSOL PRESIDENT/CEO 40.00 X 1390466 0 189175 JEFFREY FIELDER CHIEF FINANCIAL OFFICER 40.00 X 362011 0 741441 RAYMOND BLACK CHIEF OPERATING OFFICER 40.00 X 323487 0 100632 TIMOTHY MERWIN CHIEF LENDING OFFICER 40.00 X 329131 0 90741 LINDEN BUCK VP OF INDIRECT SERVICES 40.00 X 203469 0 30872 ROBERT MOORE VP OF IT 40.00 X 190745 0 25133 MARION BRENNER VP OF BRANCH SUPPORT 40.00 X 193731 0 39575 RENAE SISK VP OF HUMAN RESOURCES 40.00 X 197277 0 16628 CHRISTOPHER SCHNEIDER COMMERCIAL LENDING MANAGER 40.00 X 179413 0 33433 3369730 0 1267630 41 0 1 0 GRANGER CONSTRUCTIONS 6267 AURELIUS ROAD LANSING MI 48911 GENERAL CONTRACTOR FOR HQ 14666898 CU COOPERATIVE 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 FINANCIAL SERVICES-CARDS 2287319 JAMES AND MATTHEW COMPANY 2 SHAKER RD STE D220 SHIRLEY MA 01464 MARKETING 1491255 TRELLIS PARTNERS LLC 37 OTTAWA AVE NW SUITE 150 GRAND RAPIDS MI 49503 OFFICE FURNITURE 1456262 Q2 SOFTWARE INC PO BOX 205970 DALLAS TX 75320 SOFTWARE PROVIDER 1247321 48 INCOME FROM LOANS 522100 74094153 74094153 OTHER INCOME 522100 25164042 25164042 FEES AND CHARGES 522100 11111385 11111385 FINANCE AND INSURANCE 520000 474405 474405 110843985 5983670 5983670 38296963 1846234 38016169 1739156 280794 107078 387872 387872 117215527 110757452 474405 5983670 X 141482 62978 3527084 26067596 1984620 4215260 2128168 393263 44736 82876 56327 346182 2313391 5295855 5941813 3152988 116260 13117344 104327 3676939 253631 UBIT EXPENSE 20196 DEBIT/CREDIT CARD EXPEN 4636166 LOAN SERVICING 3732853 ATM EXPENSES 3439187 533306 85384828 48433180 43682665 116571638 161727554 2442618 2435583 9598579 9997770 1726155189 1901041704 2837118 2365003 95328937 26052671 53598892 69276266 347713095 385448132 53798464 44103106 33623596 32236941 30386152 42291342 2425158521 2694606066 23115618 27972214 15000000 15000000 2168664213 2409092607 2206779831 2452064821 X 0 0 0 0 218378690 242541245 218378690 242541245 2425158521 2694606066 X 31830699 -7678773 10629 X X 0 1 X 1 0 9243516 9243516 63994742 8645274 55349468 1697530 678351 1019179 20393149 16729046 3664103 69276266 SAVINGS AND CLUB 567441214 MONEY MARKET 996970188 SHARE DRAFT 547104956 CERTIFICATES 261469893 IRA CERTIFICATES 36106356 2409092607 X 117215527 0 117215527 0 117215527 85384828 0 85384828 0 85384828 PART X, LINE 2: INCOME TAX IS NOT PROVIDED IN THE STATEMENTS OF INCOME AS THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES EXCEPT FOR UNRELATED BUSINESS INCOME. 1 KALAMAZOO BASEBALL LLC 251 MILLS ST KALAMAZOO MI 49048 320394932 LLC 27758 0 ATHLETIC SPONSORSHIP WESTERN MICHIGAN UNIVERISTY 1903 W MICHIGAN AVE KALAMAZOO MI 49008 386007327 501(C)(3) 23800 0 ATHLETIC SPONSORSHIP BC BOMBERS- CEREAL CITY BASEBALL 189 BRIDGE STREET BATTLE CREEK MI 49017 205937001 LLC 13261 0 ATHLETIC SPONSORSHIP 1 2 YOUTH SCHOLARSHIPS 29 29000 BLACK FRIDAY 61 10111 1 YEAR IN THE CLEAR MORTGAGE GIVEAWAY 1 15000 PART I, LINE 2: THE AMOUNTS PAID TO THE ORGANIZATIONS ARE CONSIDERED DONATIONS, NOT GRANTS, SO THERE IS NO MONITORING. X X 1 1 X X X X X 0 1 0 CHERYL KONCSOL PRESIDENT/CEO 665874 0 234264 0 490328 0 158714 0 30461 0 1579641 0 0 0 JEFFREY FIELDER CHIEF FINANCIAL OFFICER 281215 0 71741 0 9055 0 91622 0 649819 0 1103452 0 0 0 RAYMOND BLACK CHIEF OPERATING OFFICER 253153 0 63510 0 6824 0 77581 0 23051 0 424119 0 0 0 TIMOTHY MERWIN CHIEF LENDING OFFICER 259666 0 63498 0 5967 0 75058 0 15683 0 419872 0 0 0 LINDEN BUCK VP OF INDIRECT SERVICES 130074 0 69376 0 4019 0 8473 0 22399 0 234341 0 0 0 MARION BRENNER VP OF BRANCH SUPPORT 151990 0 35432 0 6309 0 9879 0 29696 0 233306 0 0 0 ROBERT MOORE VP OF IT 152376 0 34145 0 4224 0 9454 0 15679 0 215878 0 0 0 RENAE SISK VP OF HUMAN RESOURCES 156455 0 34161 0 6661 0 9815 0 6813 0 213905 0 0 0 CHRISTOPHER SCHNEIDER COMMERCIAL LENDING MANAGER 102480 0 73919 0 3014 0 7050 0 26383 0 212846 0 0 0 PART I, LINE 4B THE ORGANIZATION OFFERS A 457(F) NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT TO SELECT EXECUTIVE OFFICERS AT THE CREDIT UNION. DURING 2021, THE CREDIT UNION ACCRUED FOR THE FOUR FOLLOWING EMPLOYEES: CHERYL KONCSOL - $141,314, JEFFREY FIELDER- $74,222, RAYMOND BLACK- $61,509, TIMOTHY MERWIN- $59,091. IN 2021, THE CREDIT UNION PAID $466,326 IN RETIREMENT BENEFITS TO THE PRESIDENT/CEO, WHICH WAS REPORTED ON THE EMPLOYEE'S 2021 W-2. A PORTION OF THIS RETIREMENT BENEFIT PAYMENT WAS ACCRUED FOR IN 2021. CHERYL KONCSOL, JEFFREY FIELDER, RAYMOND BLACK AND TIM MERWIN PARTICIPATED IN A SPLIT DOLLAR COLLATERAL INSURANCE SUPPLEMENTAL RETIREMENT PLAN. THEIR LOANS RELATED TO THIS PLAN ARE REPORTED ON SCHEDULE L. CHERYL DEBOER PRESIDENT & CEO TO FUND LIFE INSURANCE POLICY X 5400000 6143769 0 1 1 JEFF FIELDER EVP OF FINANCE TO FUND LIFE INSURANCE POLICY X 1573035 1674288 0 1 1 RAY BLACK EVP OF SALES AND MARKETING TO FUND LIFE INSURANCE POLICY X 1604663 1481627 0 1 1 TIM MERWIN EVP OF LENDING TO FUND LIFE INSURANCE POLICY X 716572 698086 0 1 1 9997770 FORM 990, SCH L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." ALTHOUGH THE IRS REQUIRES REPORTING IN PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANTS NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ARE ALLOWED TO ELECT DIRECTORS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BOARD MEMBERS ARE INFORMED OF THE COMPLETION OF THE FORM 990 AND THAT A COPY IS AVAILABLE FOR THEIR REVIEW UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS SIGNED EVERY YEAR AT THE ANNUAL MEETING. AT THE BEGINNING OF EVERY BOARD MEETING, BOARD MEMBERS ARE ASKED IF THERE ARE POTENTIAL OR ACTUAL CONFLICTS WITH ANY OF THE BOARD ITEMS. FORM 990, PART VI, SECTION B, LINE 15 A COMMITTEE OF THE BOARD PREPARES A WRITTEN EVALUATION OF THE CEO AND OBTAINS COMPARABLE SURVEYS. FORM 990, PART VI, SECTION C, LINE 19 RECORDS ARE MADE AVAILABLE IN ACCORDANCE WITH THE MICHIGAN CREDIT UNION ACT AND NCUA RULES AND REGULATIONS. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 346,182. FORM 990, PART IX, LINE 24E NCUA PREMIUM ASSESSMENT 480,000. OTHER OPERATING EXPENSES 474,706. MAINTENANCE 277,468. TRAINING/BUSINESS DEVELOPMENT 67,493. PROVISION FOR LOAN LOSSES -766,361. FORM 990, PART XI, LINE 9: CHANGE IN POST RETIREMENT BENEFIT 10,629. 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. ADVIA REAL ESTATE HOLDINGS LLC 6400 W MAIN ST KALAMAZOO MI 49009 381686050 HOLDING COMPANY FOR CORPORATE HEADQUARTERS AND LEASABLE SQUARE FOOTAGE MI 0 43213422 ADVIA CREDIT UNION