2021-11-10T12:28:48-06:00 2020-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2020-01-01 381480245 BLUEOX CREDIT UNION BLUE 8006488035 115 RIVERSIDE DR BATTLE CREEK MI 49015 JOHN ROOD VP ACCOUNTING/FINANCE 2699657281 2021-11-09 1 JOHN ROOD 999009999 DOUGLAS J ORTH P01076394 3052328272 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z STEVEN J COBB 115 RIVERSIDE DR BATTLE CREEK MI 49015 34713042 0 1359 X WWW.BLUEOXCU.ORG X 1936 MI BLUEOX CREDIT UNION'S MISSION IS TO PROVIDE QUALITY FINANCIAL SERVICES THAT WILL IMPROVE AND MAKE A DIFFERENCE IN THE LIVES OF OUR MEMBERS. 11 11 121 12 57975 15806 0 0 9631942 10731752 1130856 1100729 0 39733 10762798 11872214 0 0 0 0 4519968 5668710 0 0 0 6438570 6078325 10958538 11747035 -195740 125179 179407752 215814531 162482346 198313463 16925406 17501068 X BLUEOX CREDIT UNION WAS FOUNDED UPON THE SEVEN COOPERATIVE PRINCIPLES BASED IN THE PHILOSOPHY OF COOPERATION AND THE CENTRAL VALUES OF EQUALITY, EQUITY AND MUTUAL SELF-HELP. BLUEOX CREDIT UNION'S MISSION STATEMENT ILLUSTRATES THE BROTHERHOOD OF MAN THROUGH PEOPLE WORKING TOGETHER TO ACHIEVE A BETTER LIFE FOR THEMSELVES AND THEIR COMMUNITY. 0 0 INCOME FROM CREDIT UNION'S MEMBERSHIP AND FROM INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. EFFECTIVE JANUARY 1, 2020, 100 PERCENT OF THE ASSETS AND LIABILITIES OF BI-COUNTY PTC FEDERAL CREDIT UNION (BCFCU) WERE MERGED WITH THE CREDIT UNION. THE BUSINESS COMBINATION WAS A MUTUAL AGREEMENT BETWEEN THE CREDIT UNION AND BCFCU IN ORDER TO IMPROVE THE AVAILABILITY AND QUALITY OF SERVICES FOR BOTH FIELDS OF MEMBERSHIP. 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 4296 0 1 121 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X KIMBERLY TSCHABRUN 2699657281 115 RIVERSIDE DR BATTLE CREEK MI 49015 D HICKS DIRECTOR 1.00 X 0 0 0 D DITTMER DIRECTOR/TREASURER 1.00 X 0 0 0 J KIRKPATRICK DIRECTOR/SECRETARY 1.00 X 0 0 0 A MUMFORD DIRECTOR/VICE CHAIRPERSON 1.00 X 0 0 0 D VOSHELL DIRECTOR 1.00 X 0 0 0 J STANTON DIRECTOR/CHAIRPERSON 1.00 X 0 0 0 J RATTI DIRECTOR 1.00 X 0 0 0 M WALLACE DIRECTOR 1.00 X 0 0 0 M DUTCHER DIRECTOR 1.00 X 0 0 0 J MASS DIRECTOR 1.00 X 0 0 0 F HETHERWICK DIRECTOR 1.00 X 0 0 0 T JOHNSOM ASSOCIATE DIRECTOR 1.00 X 0 0 0 F GODFREY CEO 60.00 X 175924 0 123900 S COBB PRESIDENT 60.00 X 181445 0 37314 J ROOD VP ACCOUNTING/FINANCE 40.00 X 23601 0 3378 ASHLEY SLATER CONTACT CENTER MANAGER 40.00 X 125063 0 6208 506033 0 170800 3 0 1 0 CUANSWERS 6000 28TH STREET SUITE 100 GRAND RAPIDS MI 49546 CORE PROCESSOR 740381 FIS 601 RIVERSIDE AVE JACKSONVILLE FL 32202 DEBIT/CREDIT PROCESSOR 538293 VANTIV-WORLDPAY-FIS 601 RIVERSIDE AVE JACKSONVILLE FL 32204 CREDIT CARD PROCESSING 102207 3 INCOME ON LOANS 522100 7239462 7239462 FEES/CHARGES/OTHER INCOME 522100 3434315 3434315 FINANCE & INSURANCE 520000 57975 57975 10731752 649854 649854 55677 15944 39733 39733 39733 23275759 22824884 450875 450875 450875 11872214 11814239 57975 0 X 545562 3767483 387745 656330 311590 151349 27617 338762 318290 548959 391126 224527 37705 95466 685102 25876 307356 48438 ATM/BANK SERVICE CHARGE 1026023 PROVISION FOR LOAN LOSS 721050 LOAN SERVICING 612128 REPAIRS MAINTENANCE 265511 253040 11747035 2471835 3403842 25384357 12231049 65445 308904 114319827 169121876 225140 313424 9480537 3777585 5196521 5702952 15867843 11307086 9633689 4808026 376651 444942 5866444 8172430 179407752 215814531 1253799 2241766 161228547 196071697 162482346 198313463 X 0 0 0 0 16925406 17501068 16925406 17501068 179407752 215814531 X 125179 29716 420767 X X 0 1 X 1 0 966499 966499 5776778 1650388 4126390 6581 6581 0 2398672 1866052 532620 332007 254564 77443 5702952 SHARE DRAFTS 34408421 SHARES 90425103 MONEY MARKET 46609583 IRA SHARES 2822376 CERTIFICATES 21806214 196071697 X 11888158 15944 15944 11872214 0 11872214 11762979 15944 15944 11747035 0 11747035 PART X, LINE 2: INCOME TAXES THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED NET OF REVENUE IN FORM 990 BUT AS EXPENSES WITHIN THE AUDITED FINANCIAL STATEMENTS PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED NET OF REVENUE IN FORM 990 BUT AS EXPENSES WITHIN THE AUDITED FINANCIAL STATEMENTS X 1 1 X X X 0 1 0 F GODFREY CEO 175924 0 0 0 0 0 100919 0 22981 0 299824 0 0 0 S COBB PRESIDENT 181445 0 0 0 0 0 13970 0 23344 0 218759 0 0 0 PART I, LINE 4B CERTAIN KEY EXECUTIVES PARTICIPATE IN A 457(F) DEFERRED COMPENSATION PLAN. THE CREDIT UNION ACCRUED BENEFITS FOR F. GODFREY (CEO) IN THE AMOUNT OF $92,307 AND FOR S. COBB (PRESIDENT) IN THE AMOUNT OF $5,384 TOWARD EACH EXECUTIVE'S FUTURE BENEFIT. F. GODFREY'S BENEFIT IS SCHEDULED TO BE PAID OUT DURING 2021 WHILE S. COBB'S BENEFIT IS SCHEDULED TO BE PAID OUT IN 2032. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. 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 UPON RECEIPT OF THE COMPLETED FORM 990, MANAGEMENT REVIEWS THE DOCUMENT FOR ACCURACY AND REASONABLENESS. ONCE THIS REVIEW IS COMPLETED, THE GOVERNING BODY IS INFOMED THAT THE FORM HAS BEEN FILED WITH THE IRS AND A COPY IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C A LIST OF RELATED PARTIES IS COMPILED. EMPLOYEES WHO ARE AUTHORIZED TO TRANSACT WHERE A CONFLICT MIGHT OCCUR ARE RESTRICTED. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE NCUA'S WEBSITE VIA THE 5300 CALL REPORT FILING. FORM 990, PART IX, LINE 24E OTHER EXPENSES 171,469. ATM/DEBIT FRAUD 81,571. FORM 990, PART XI, LINE 9: EQUITY ACQUIRED THROUGH BUSINESS COMBINATION 420,767. FORM 990, PART XII, LINE 2C WITH THE CHANGE IN THE MICHIGAN CREDIT UNION ACT, WE WERE ABLE TO ELIMINATE THE EXTERNAL SUPERVISORY COMMITTEE. THE SUPERVISORY COMMITTEE IS NOW COMPRISED OF MEMBERS OF BLUEOX CREDIT UNION'S BOARD OF DIRECTORS.