GREAT LAKES CREDIT UNION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: GREAT LAKES CREDIT UNION (EIN 36-1163912)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-05-14
IRS object ID: 202111349349307316
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 C
Schedule D
Schedule I
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-05-14T17:31:38-05:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	350921680	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CROWE LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	9600 Brownsboro Road Suite 400	AddressLine1Txt
City	Louisville	CityNm
State Abbreviation	KY	StateAbbreviationCd
ZIP	402411122	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	361163912	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Great Lakes Credit Union	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	GREA	BusinessNameControlTxt
Phone	8475787000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2111 Waukegan Road	AddressLine1Txt
City	Bannockburn	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60015	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Steven Bugg	PersonNm
Person Title	PRESIDENT/CEO	PersonTitleTxt
Signature	2021-05-14	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Steven	PersonFirstNm
Person Last	Bugg	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Kim Scifres	PreparerPersonNm
PTIN	P01316095	PTIN
Phone	5023263996	PhoneNum

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

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Steven Bugg	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2111 Waukegan Road	AddressLine1Txt
City	Bannockburn	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60015	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$65,429,970	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	www.GCLU.org	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1938	FormationYr
Legal Domicile State	IL	LegalDomicileStateCd
Activity Or Mission	THE PRIMARY EXEMPT PURPOSE OF GREAT LAKES CREDIT UNION (GLCU) IS TO PROVIDE LOANS, SAVINGS ACCOUNTS, AND OTHER FINANCIAL SERVICES THAT PROMOTE THE FINANCIAL PROSPERITY OF OUR 81,456 MEMBERS.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	280	TotalEmployeeCnt
Total Volunteers	9	TotalVolunteersCnt
Total Gross UBI	$119,980	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$21,599	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$61,244	PYContributionsGrantsAmt
CY Contributions Grants	$323,104	CYContributionsGrantsAmt
PY Program Service Revenue	$44,170,734	PYProgramServiceRevenueAmt
CY Program Service Revenue	$44,122,309	CYProgramServiceRevenueAmt
PY Investment Income	$3,611,067	PYInvestmentIncomeAmt
CY Investment Income	$4,643,213	CYInvestmentIncomeAmt
PY Other Revenue	$2,500	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$47,845,545	PYTotalRevenueAmt
CY Total Revenue	$49,088,626	CYTotalRevenueAmt
PY Grants And Similar Paid	$6,000	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$6,000	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$16,148,490	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$17,687,613	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$27,587,702	PYOtherExpensesAmt
CY Other Expenses	$25,484,940	CYOtherExpensesAmt
PY Total Expenses	$43,742,192	PYTotalExpensesAmt
CY Total Expenses	$43,178,553	CYTotalExpensesAmt
PY Revenues Less Expenses	$4,103,353	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$5,910,073	CYRevenuesLessExpensesAmt
Total Assets BOY	$883,772,298	TotalAssetsBOYAmt
Total Assets EOY	$1,027,627,838	TotalAssetsEOYAmt
Total Liabilities BOY	$804,189,731	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$939,159,649	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$79,582,567	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$88,468,189	NetAssetsOrFundBalancesEOYAmt
Mission	THE PRIMARY EXEMPT PURPOSE OF GREAT LAKES CREDIT UNION (GLCU) IS TO PROVIDE LOANS, SAVINGS ACCOUNTS, AND OTHER FINANCIAL SERVICES THAT PROMOTE THE FINANCIAL PROSPERITY OF OUR 81,456 MEMBERS.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	LOANS ARE GRANTED TO INDIVIDUALS WHO ARE MEMBERS IN GOOD STANDING WITH THE CREDIT UNION AND WHO QUALIFY FOR SUCH LOANS. FOR 2020, GLCU PROVIDED THE FOLLOWING LOANS --722 MORTGAGES TOTALING $265,457,745 VEHICLE LOANS TOTALING $56,685,658; CONSUMER LOANS TOTALING $68,127,738.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	ATM/DEBIT CARDS AND CHECK CARDS ARE AVAILABLE TO MEMBERS WHO APPLY FOR ELECTRONIC ACCESS TO THEIR ACCOUNTS FOR DEPOSIT AND WITHDRAWAL OF FUNDS AND ACCOUNT INFORMATION. VARIOUS TYPES OF CHECKING ACCOUNTS ARE OFFERED TO MEMBERS, SOME WITH NO MONTHLY SERVICE FEE.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Desc	VARIOUS INSURANCE PRODUCTS ARE OFFERED TO MEMBERS. TYPES OF PRODUCTS OFFERED INCLUDE CREDIT LIFE, CREDIT DISABILITY, MECHANICAL BREAKDOWN PROTECTION (MBP), AND FINANCIAL GAP PROTECTION.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$0	TotalProgramServiceExpensesAmt
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	Yes (true)	PoliticalCampaignActyInd
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	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	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	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	20512	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	280	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
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	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	Yes (true)	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	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	IL	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	STEVEN BUGG	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8475787000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2111 WAUKEGAN ROAD	AddressLine1Txt
City	BANOCKBURN	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60015	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
BERTINE A NIXON
SECRETARY	5.0	Yes (X)	Yes (X)	$0	$0	$0
JAMES A FABRIE
Treasurer	5.0	Yes (X)	Yes (X)	$0	$0	$0
PATRICE PRICE
Vice Chair	5.0	Yes (X)	Yes (X)	$0	$0	$0
STEPHEN M PARK
Chair	5.0	Yes (X)	Yes (X)	$0	$0	$0
Cathy Corbi
Director	5.0	Yes (X)		$0	$0	$0
David Goles
Director	5.0	Yes (X)		$0	$0	$0
JIM E MARCH
DIRECTOR	5.0	Yes (X)		$0	$0	$0
KEVIN LEMAN
Director	5.0	Yes (X)		$0	$0	$0
R LEE PIEKARZ
Director	5.0	Yes (X)		$0	$0	$0
ERICKA GORMAN
CHIEF OPERATIONS OFFICER	40.0		Yes (X)	$245,815	$0	$33,032
KAMIL SAKICI
EVP - CHIEF FINANCIAL OFFICER	40.0		Yes (X)	$299,962	$0	$39,398
Steven Bugg
President/CEO	40.0		Yes (X)	$445,459	$0	$21,869
Frederick Campobasso
Chief Lending Officer	40.0			$208,017	$0	$10,401	Yes (X)
Michael Hersh
Chief HR and Organizational Development Officer	40.0			$175,848	$0	$25,356	Yes (X)
BONITA FONTENOT
MORTGAGE LOAN OFFICER	40.0			$488,560	$0	$13,750		Yes (X)
Chris Visocnik
Vice President Information Technology	40.0			$175,010	$0	$16,989		Yes (X)
ERIC VESSELE
VP, COMMERCIAL LENDING	40.0			$191,201	$0	$22,708		Yes (X)
Maria Michalak
Loan Operations Senior Manager	40.0			$152,012	$0	$21,051		Yes (X)
Mark Pokora
Senior Manager, Residential Sales	40.0			$304,038	$0	$11,189		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$2,685,922	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$215,743	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	18	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
JACK HENRY & ASSOCIATES INC
PO BOX 609	MONETT	MO	65708	SOFTWARE	$713,751
Doxim
747 E Whitcomb Avenue	Madison Heights	MI	48071	Software	$477,981
Lending Solutions Inc
2220 Point Blvd	Elgin	IL	60123	Loan Services	$344,039
ACCESS SOFTEKINC
727 Allstone Way Suite C	Berkeley	CA	947102229	IT Services	$165,723
Meridian IT Inc
9 Pkwy Suite 500	Deerfield	IL	60015	IT Services	$141,708

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	13	CntrctRcvdGreaterThan100KCnt
Government Grants	$323,104	GovernmentGrantsAmt
Total Contributions	$323,104	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
INTEREST ON LOANS	522100	$30,891,926	$30,891,926
SERVICE FEE INCOME	522100	$4,114,023	$4,111,183	$2,840
ATM/CREDIT CARD SERVICES	522100	$4,122,248	$4,005,106	$117,142
Mortgage Loan Income	522100	$3,018,960	$3,018,960
Fee/Other Misc Income	522100	$1,975,152	$1,975,152

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$44,122,309	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,913,238	TotalRevenueColumnAmt
Unrelated Business Revenue	-$2	UnrelatedBusinessRevenueAmt
Exclusion	$3,913,240	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt
Personal	$0	PersonalAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$16,999,393	SecuritiesAmt
Other	$71,926	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$16,269,418	SecuritiesAmt
Other	$71,926	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$729,975	SecuritiesAmt
Other	$0	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$729,975	TotalRevenueColumnAmt
Exclusion	$729,975	ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$0	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$49,088,626	TotalRevenueColumnAmt
Related Or Exempt Func Income	$44,002,327	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$119,980	UnrelatedBusinessRevenueAmt
Exclusion	$4,643,215	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$6,000	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,075,997	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$13,647,122	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$498,207	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,470,252	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$996,035	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$1,661,455	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$251,500	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$26,400	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$3,306,123	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$636,367	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,460,224	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,308,767	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,229,122	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$50,412	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$6,418,650	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,793,278	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$190,404	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
PROVISION FOR LOAN LOSS	$4,441,618
ATM NETWORK FEES	$317,097
Shared Branching Expenses	$186,237
ATM Machine Rental	$87,499

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,119,787	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$43,178,553	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$63,272,729	BOYAmt
EOY	$57,585,131	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$17,861,510	BOYAmt
EOY	$18,984,138	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$7,360,681	BOYAmt
EOY	$6,987,563	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$654,270,140	BOYAmt
EOY	$708,712,144	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$1,063,994	BOYAmt
EOY	$1,270,244	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$46,471,141	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$25,945,621	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$21,957,737	BOYAmt
EOY	$20,525,520	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$86,185,747	BOYAmt
EOY	$181,457,248	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$7,122,082	BOYAmt
EOY	$8,259,894	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$614,952	BOYAmt
EOY	$415,713	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$24,062,726	BOYAmt
EOY	$23,430,243	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$883,772,298	BOYAmt
EOY	$1,027,627,838	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$4,709,587	BOYAmt
EOY	$7,426,682	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$4,865,406	BOYAmt
EOY	$5,505,197	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$106,954,205	BOYAmt
EOY	$144,748,295	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$687,660,533	BOYAmt
EOY	$781,479,475	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$804,189,731	BOYAmt
EOY	$939,159,649	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	$79,582,567	BOYAmt
EOY	$88,468,189	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$79,582,567	BOYAmt
EOY	$88,468,189	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$883,772,298	BOYAmt
EOY	$1,027,627,838	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$5,910,073	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$3,655,694	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$680,145	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)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

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

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Political Expenditures	$1,000	PoliticalExpendituresAmt
Volunteer Hours	0	VolunteerHoursCnt
Expended527 Activities	$0	Expended527ActivitiesAmt
Internal Funds Contributed	$1,000	InternalFundsContributedAmt
Total Exempt Function Expend	$1,000	TotalExemptFunctionExpendAmt
Form1120 POL Filed	Yes (true)	Form1120POLFiledInd

Section527 Political Org Section527PoliticalOrgGrp

Organization Business Name OrganizationBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CREDIT UNION POLITICAL ACTION COMMITTEE	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1807 W DIEHL ROAD 3107	AddressLine1Txt
City	NAPERVILLE	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60566	ZIPCd

Field	Value	IRS element (for citing)
EIN	363092340	EIN
Paid Internal Funds	$1,000	PaidInternalFundsAmt
Contributions Rcvd Dlvr	$0	ContributionsRcvdDlvrAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule C, Part I-A, Line 1 Description of Political Activities	FormAndLineReferenceDesc
Explanation	THE ORGANIZATION MAKES POLITICAL EXPENDITURES FOR THE PURPOSE OF SUPPORTING THE CREDIT UNION POLITICAL ACTION COMMITTEE.	ExplanationTxt

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	$8,049,259	OtherCostOrOtherBasisAmt
Book Value	$8,049,259	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$20,649,422	OtherCostOrOtherBasisAmt
Depreciation	$10,605,595	DepreciationAmt
Book Value	$10,043,827	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$392,552	OtherCostOrOtherBasisAmt
Depreciation	$143,926	DepreciationAmt
Book Value	$248,626	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$16,362,399	OtherCostOrOtherBasisAmt
Depreciation	$14,792,712	DepreciationAmt
Book Value	$1,569,687	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,017,509	OtherCostOrOtherBasisAmt
Depreciation	$403,388	DepreciationAmt
Book Value	$614,121	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$20,525,520	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBERS' SHARES	Desc
Amt	$781,479,475	Amt

Field	Value	IRS element (for citing)
Total Liability	$781,479,475	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$52,064,175	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$3,655,694	NetUnrealizedGainsInvstAmt
Other Revenue	-$557,013	OtherRevenueAmt
Revenue Not Reported	$3,098,681	RevenueNotReportedAmt
Revenue Subtotal	$48,965,494	RevenueSubtotalAmt
Other Revenues Not Included	$123,132	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$123,132	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$49,088,626	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$43,178,553	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$0	OtherExpensesIncludedAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$43,178,553	ExpensesSubtotalAmt
Other Expenses Not Included	$0	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$43,178,553	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule D, Part IV, Line 2b Explanation of escrow agreement	ESCROW ACCOUNTS ARE HELD TEMPORARILY FOR CURRENT CUSTOMERS ENGAGED IN LOAN ACTIVITY.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote	The Credit Union is exempt, by statute, from federal and state income taxes. The Credit Union did not incur any unrelated business income tax in 2020 or 2019. A TAX POSITION WILL BE RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50 percent LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT EVALUATED THE CREDIT UNION'S TAX POSITIONS AND CONCLUDED THAT THE CREDIT UNION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS.
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990	Reclassification of adj of gains included in net income - -557013
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements	Reclass adj for amort of prior service - 123132

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	COLLEGE SCHOLARSHIPS	GrantTypeTxt
Recipient	6	RecipientCnt
Cash Grant	$6,000	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.	FormAndLineReferenceDesc
Explanation	Scholarship checks are made payable to the University on behalf of the student awarded.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	Yes (X)	FirstClassOrCharterTravelInd
Travel For Companions	Yes (X)	TravelForCompanionsInd
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
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
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 (10 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Steven Bugg
President/CEO	$368,689	$0	$69,250	$0	$7,520	$0	$13,750	$0	$8,119	$0	$467,328	$0	$0	$0
KAMIL SAKICI
EVP - CHIEF FINANCIAL OFFICER	$295,928	$0	$688	$0	$3,346	$0	$27,304	$0	$12,094	$0	$339,360	$0	$0	$0
ERICKA GORMAN
CHIEF OPERATIONS OFFICER	$217,202	$0	$24,818	$0	$3,795	$0	$19,939	$0	$13,093	$0	$278,847	$0	$0	$0
Frederick Campobasso
Chief Lending Officer	$197,150	$0	$10,471	$0	$396	$0	$10,401	$0	$0	$0	$218,418	$0	$0	$0
Michael Hersh
Chief HR and Organizational Development Officer	$167,843	$0	$8,005	$0	$0	$0	$9,029	$0	$16,327	$0	$201,204	$0	$0	$0
BONITA FONTENOT
MORTGAGE LOAN OFFICER	$38,404	$0	$450,156	$0	$0	$0	$13,750	$0	$0	$0	$502,310	$0	$0	$0
Mark Pokora
Senior Manager, Residential Sales	$94,420	$0	$209,618	$0	$0	$0	$8,039	$0	$3,150	$0	$315,227	$0	$0	$0
ERIC VESSELE
VP, COMMERCIAL LENDING	$180,007	$0	$10,809	$0	$385	$0	$9,615	$0	$13,093	$0	$213,909	$0	$0	$0
Chris Visocnik
Vice President Information Technology	$165,358	$0	$9,510	$0	$142	$0	$0	$0	$16,989	$0	$191,999	$0	$0	$0
Maria Michalak
Loan Operations Senior Manager	$140,229	$0	$11,664	$0	$119	$0	$7,958	$0	$13,093	$0	$173,063	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule J, Part I, Line 1a First-class or charter travel	GREAT LAKES CREDIT UNION ALLOWS FIRST CLASS OR CHARTER TRAVEL FOR THE CEO AND DIRECTORS FOR BUSINESS TRAVEL DURING THE YEAR. Travel Expenses are treated as deductible business expenses.
Schedule J, Part I, Line 1a Travel for companions	GREAT LAKES CREDIT UNION ALLOWS A COMPANION TO JOIN EACH DIRECTOR OR EXECUTIVE LEADERSHIP TEAM MEMBER ON ONE BUSINESS TRAVEL A YEAR. THE COMPANIONS ARE EXPECTED TO PARTICIPATE IN THE NETWORKING EVENTS AND REPRESENT GLCU. THE TRAVEL EXPENSES ARE TREATED AS TAXABLE COMPENSATION.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan	CERTAIN EXECUTIVES PARTICIPATE IN A SPLIT-DOLLAR LIFE INSURANCE PLAN. PREMIUMS PAID ON BEHALF OF THE EXECUTIVES ARE TREATED AS LOANS. See Schedule L for more detail on loans.

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (7 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
Kamil Sakici
CFO	SPLIT DOLLAR PLAN PREMIUM	Yes (X)	$2,146,753	$2,431,575	false	Yes (true)	Yes (true)
Steven Bugg
President/CEO	SPLIT DOLLAR PLAN PREMIUM	Yes (X)	$3,800,000	$3,993,515	false	Yes (true)	Yes (true)
Patrice Price
Vice Chair	Personal Loan	Yes (X)	$98,871	$64,284	false	Yes (true)	Yes (true)
Bertine A Nixon
Secretary	Personal Loan	Yes (X)	$7,500	$7,146	false	Yes (true)	Yes (true)
R Lee Piekarz
Director	Personal Loan	Yes (X)	$355,397	$162,352	false	Yes (true)	Yes (true)
Stephan Park
Chair	Personal Loan	Yes (X)	$318,400	$303,347	false	Yes (true)	Yes (true)
Michael Hersh
Chief Human Resercoures Officer	Personal	Yes (X)	$26,604	$25,344	false	Yes (true)	Yes (true)

Field	Value	IRS element (for citing)
Total Balance Due	$6,987,563	TotalBalanceDueAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule L, Part II Personal Loans	FormAndLineReferenceDesc
Explanation	The personal loans reported on Schedule L, Part II include mortgages and consumer loans made to interested persons in the normal course of business of the credit union.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part VI, Line 2 Family/business relationships amongst interested persons	KAMIL SAKICI and Ericka Gorman - Business relationship
Form 990, Part VI, Line 6 Classes of members or stockholders	ALL MEMBERS OF GREAT LAKES CREDIT UNION ARE GIVEN ONE VOTE IN ELECTIONS WITHOUT PREFERENCE TO THE AMOUNT OF FUNDS THEY HAVE ON DEPOSIT WITH THE CREDIT UNION.
Form 990, Part VI, Line 7a Members or stockholders electing members of governing body	GREAT LAKES CREDIT UNION IS A MEMBER OWNED COOPERATIVE BUSINESS ORGANIZATION, GOVERNED BY A TEN MEMBER BOARD OF DIRECTORS. THE BOARD IS COMPRISED OF ACTIVE MEMBERS OF THE CREDIT UNION WHO ARE SELECTED BY THE MEMBERSHIP THROUGH A DEMOCRATIC ELECTION PROCESS.
Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders	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, Line 11b Review of form 990 by governing body	THE ORGANIZATION'S MANAGEMENT REVIEWS THE FORM 990 IN DETAIL WITH THEIR PAID TAX PREPARERS. SUBSEQUENT TO THIS REVIEW, A FULL COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY DURING THE ORGANIZATION'S BOARD MEETING PRIOR TO FILING WITH THE IRS. ANY BOARD MEMBERS NOT PRESENT AT THIS BOARD MEETING ARE SENT A PAPER OR ELECTRONIC COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS.
Form 990, Part VI, Line 12c Conflict of interest policy	THE ORGANIZATION'S OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST THEY MAY HAVE WITH THE ORGANIZATION. THE EVP-CFO REVIEWS EACH POLICY STATEMENT SIGNED BY THESE INDIVIDUALS TO DETERMINE IF ANY CONFLICTS EXIST AND NEED TO BE BROUGHT TO THE ATTENTION OF THE BOARD. IF A CONFLICT ARISES, THE RESPECTIVE BOARD MEMBER WILL ABSTAIN FROM ANY RELATED DISCUSSION, VOTE OR SIMILAR ACTION ON THE MATTER.
Form 990, Part VI, Line 15a Process to establish compensation of top management official	GLCU USED EXTERNAL SALARY DATA FROM CUES, COMPEASE, AND PEER GROUP FORUMS TO PROVIDE TO THE BOARD. THE BOARD REVIEWS PRESIDENT/CEO DATA FOR DETERMINING COMPENSATION AND PRESIDENT/CEO EXECUTIVE SURVEY DATA FOR EXECUTIVE SALARY DETERMINATION. THE PROCESS WAS LAST UNDERGONE IN 2020, AND WAS DOCUMENTED IN BOARD MINUTES.
Form 990, Part VI, Line 15b Process to establish compensation of other employees	TO DETERMINE THE COMPENSATION FOR ORGANIZATIONAL OFFICERS AND OTHER KEY EMPLOYEES, GLCU USES COMPEASE FOR JOB LEVELING AND SALARY SURVEYS FOR COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. IN ADDITION, GLCU REFERENCES SALARY SURVEYS TO VALIDATE INFORMATION FROM COMPEASE. THE BOARD REVIEWS THE DATA FOR SALARY DETERMINATION. THIS PROCESS WAS LAST UNDERGONE IN 2020, AND WAS DOCUMENTED IN BOARD MINUTES.
Form 990, Part VI, Line 19 Required documents available to the public	FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).
Form 990, Part XI, Line 9 Other changes in net assets or fund balances	Reclassification adjustment for amortization of prior service cost and net gain included in net income - -123132; Reclassification adjustment of losses/gains included in net income - -557013;