CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (EIN 38-0703992)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-10-13
IRS object ID: 202122869349301482
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 D
Schedule I
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-10-13T15:00:29-05:00	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	402413902	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	380703992	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Arbor Financial Credit Union	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ARBO	BusinessNameControlTxt
Phone	2693756702	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1551 South 9th Street	AddressLine1Txt
City	Kalamazoo	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	490099327	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Earle Shelner II	PersonNm
Person Title	CFO	PersonTitleTxt
Signature	2021-10-13	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Earle Shelner	PersonFirstNm
Person Last	II	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	Julie Blitchok	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1551 South 9th Street	AddressLine1Txt
City	Kalamazoo	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	490099327	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$255,947,741	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	www.arborfcu.org	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1935	FormationYr
Legal Domicile State	MI	LegalDomicileStateCd
Activity Or Mission	THE CREDIT UNION'S OPERATIONS INCLUDE HOLDING DEPOSITS FOR AND MAKING LOANS TO INDIVIDUALS WHO WORK OR RESIDE IN THE STATE OF MICHIGAN.	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	259	TotalEmployeeCnt
Total Volunteers	7	TotalVolunteersCnt
Total Gross UBI	$231,895	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$34,613,597	PYProgramServiceRevenueAmt
CY Program Service Revenue	$36,783,809	CYProgramServiceRevenueAmt
PY Investment Income	$5,124,316	PYInvestmentIncomeAmt
CY Investment Income	$5,905,505	CYInvestmentIncomeAmt
PY Other Revenue	$738,259	PYOtherRevenueAmt
CY Other Revenue	$796,020	CYOtherRevenueAmt
PY Total Revenue	$40,476,172	PYTotalRevenueAmt
CY Total Revenue	$43,485,334	CYTotalRevenueAmt
PY Grants And Similar Paid	$24,000	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$24,000	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$13,627,082	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$17,266,948	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$21,076,242	PYOtherExpensesAmt
CY Other Expenses	$21,476,890	CYOtherExpensesAmt
PY Total Expenses	$34,727,324	PYTotalExpensesAmt
CY Total Expenses	$38,767,838	CYTotalExpensesAmt
PY Revenues Less Expenses	$5,748,848	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$4,717,496	CYRevenuesLessExpensesAmt
Total Assets BOY	$655,512,242	TotalAssetsBOYAmt
Total Assets EOY	$813,637,097	TotalAssetsEOYAmt
Total Liabilities BOY	$595,318,353	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$748,514,447	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$60,193,889	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$65,122,650	NetAssetsOrFundBalancesEOYAmt
Mission	THE CREDIT UNION'S OPERATIONS INCLUDE HOLDING DEPOSITS FOR AND MAKING LOANS TO INDIVIDUALS WHO WORK OR RESIDE IN THE STATE OF MICHIGAN.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	Allowing members access to capital through mortgages, automobile loans, and other consumer loans.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	ALLOWING MEMBERS DIRECT ACCESS TO THEIR CHECKING ACCOUNT AT MERCHANTS THROUGH OUR DEBIT CARD PROGRAM, and allowing members access to credit through our credit card program.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Desc	ALLOWING MEMBERS ACCESS TO OVER 37,000 ATMS THROUGHOUT THE US THROUGH OUR ATM NETWORKING PROGRAM.	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	false	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	20717	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	259	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	7	GoverningBodyVotingMembersCnt
Independent Voting Member	7	IndependentVotingMemberCnt
Family Or Business Rln	false	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
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Earle Shelner II	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2695443471	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1551 S 9th Street	AddressLine1Txt
City	Kalamazoo	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	49009	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 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
Arthur Parker
Treasurer	10.0	Yes (X)	Yes (X)	$0	$0	$0
David Aubry
Chairman	30.0	Yes (X)	Yes (X)	$0	$0	$0
Joni LaPointe
Secretary	10.0	Yes (X)	Yes (X)	$0	$0	$0
Richard Cahow
Vice-Chairman	10.0	Yes (X)	Yes (X)	$0	$0	$0
Jeff Powless
Director	10.0	Yes (X)		$0	$0	$0
Josie Wyne
Director	10.0	Yes (X)		$0	$0	$0
Kimberly Rohr
Director	10.0	Yes (X)		$0	$0	$0
Earle D Shelner II
Chief Financial Officer	50.0		Yes (X)	$218,768	$0	$48,765
Julie A Blitchok
President/CEO	50.0		Yes (X)	$503,675	$0	$96,252
Arlene C Horton
VP of Talent Strategy and Organization	50.0			$179,615	$0	$36,985	Yes (X)
James O Blankenship
VP Information Systems	50.0			$190,632	$0	$37,980	Yes (X)
Tamara L Phelps
VP Operations	50.0			$185,336	$0	$36,691	Yes (X)
Holly B Babb
Mortgage Loan Originator	40.0			$240,899	$0	$47,343		Yes (X)
Jeffery Potter
Mortgage Loan Originator	40.0			$348,237	$0	$52,555		Yes (X)
John Hatridge
Mortgage Loan Originator	40.0			$261,243	$0	$48,486		Yes (X)
Laurie Brooks
Mortgage Loan Originator	40.0			$254,978	$0	$49,031		Yes (X)
Ryan A Maneke
Mortgage Loan Originator	40.0			$358,179	$0	$29,923		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$2,741,562	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$484,011	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	26	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
FISERV
75 REMITTANCE DRIVE DEPT 1649	CHICAGO	IL	60197	CORE SYSTEM PROCESSOR	$1,853,724
GLAS ASSOCIATES INC
6339 STADIUM DR	KALAMAZOO	MI	49009	CONSTRUCTION	$1,652,957
PSCU
560 CARILLON PARKWAY	ST PETERSBURG	FL	33716	CREDIT CARD PROCESSOR	$1,018,892
HUMANEX VENTURES
PO BOX 82653	LINCOLN	NE	68501	HUMAN RESOURCES CONSULTING	$296,970
WORLDPAY (VANTIV)
8500 GOVERNORS HILL DRIVE	SYMMES TOWNSHIP	OH	45249	DEBIT CARD PROCESSING	$259,210

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	15	CntrctRcvdGreaterThan100KCnt
Total Contributions	$0	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
INCOME ON MEMBER LOANS	522100	$25,070,182	$25,070,182
FEES AND CHARGES	522100	$11,713,627	$11,648,534	$65,093

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	$36,783,809	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,362,100	TotalRevenueColumnAmt
Exclusion	$1,362,100	ExclusionAmt

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	$45,528,012	SecuritiesAmt
Other	$171,477,800	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$45,465,914	SecuritiesAmt
Other	$166,996,493	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$62,098	SecuritiesAmt
Other	$4,481,307	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,543,405	TotalRevenueColumnAmt
Exclusion	$4,543,405	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
Warranty Income	524298	$77,476	$77,476
Trust AD&D Life Insurance Income	524113	$47,774	$47,774
Wealth Management Income	523930	$41,552	$41,552

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$629,218	TotalRevenueColumnAmt
Related Or Exempt Func Income	$629,218	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$796,020	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$43,485,334	TotalRevenueColumnAmt
Related Or Exempt Func Income	$37,347,934	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$231,895	UnrelatedBusinessRevenueAmt
Exclusion	$5,905,505	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$24,000	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,534,699	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$12,060,260	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$812,787	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,919,474	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$939,728	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$113,347	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$181,736	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$320,134	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$1,078,432	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,703,594	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,822,774	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,289,725	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$19,018	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$280,613	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$5,853,451	TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$63,689	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,480,132	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$115,287	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
PROVISION FOR LOAN LOSS	$2,292,574
Loan Servicing Expense	$1,648,956
Visa and Mastercard Expenses	$1,576,983
ATM EXPENSES	$820,929

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$815,516	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$38,767,838	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$4,685,469	BOYAmt
EOY	$3,930,994	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$32,150,514	BOYAmt
EOY	$53,009,153	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$3,814,250	BOYAmt
EOY	$5,376,514	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	$538,110,228	BOYAmt
EOY	$569,387,978	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$652,511	BOYAmt
EOY	$720,032	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$32,520,485	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$7,743,755	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$22,875,365	BOYAmt
EOY	$24,776,730	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$27,623,520	BOYAmt
EOY	$125,690,988	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$5,093,800	BOYAmt
EOY	$6,443,800	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

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

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$20,506,585	BOYAmt
EOY	$24,300,908	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$655,512,242	BOYAmt
EOY	$813,637,097	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$8,488,782	BOYAmt
EOY	$11,152,919	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$2,634,304	BOYAmt
EOY	$2,675,383	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	$73,750,000	BOYAmt
EOY	$103,000,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$510,445,267	BOYAmt
EOY	$631,686,145	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$595,318,353	BOYAmt
EOY	$748,514,447	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	$60,193,889	BOYAmt
EOY	$65,122,650	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$60,193,889	BOYAmt
EOY	$65,122,650	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$655,512,242	BOYAmt
EOY	$813,637,097	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$4,717,496	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$211,265	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	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 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	$6,127,040	OtherCostOrOtherBasisAmt
Book Value	$6,127,040	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$16,159,141	OtherCostOrOtherBasisAmt
Depreciation	$2,901,840	DepreciationAmt
Book Value	$13,257,301	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$144,758	OtherCostOrOtherBasisAmt
Depreciation	$129,709	DepreciationAmt
Book Value	$15,049	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,615,460	OtherCostOrOtherBasisAmt
Depreciation	$4,712,206	DepreciationAmt
Book Value	$2,903,254	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,474,086	OtherCostOrOtherBasisAmt
Depreciation	$0	DepreciationAmt
Book Value	$2,474,086	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$24,776,730	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBER SHARES AND SAVINGS ACCOUNTS	Desc
Amt	$631,686,145	Amt

Field	Value	IRS element (for citing)
Total Liability	$631,686,145	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$43,485,334	TotalRevEtcAuditedFinclStmtAmt
Other Revenue	$0	OtherRevenueAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$43,485,334	RevenueSubtotalAmt
Other Revenues Not Included	$0	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$43,485,334	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$38,767,838	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$0	OtherExpensesIncludedAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$38,767,838	ExpensesSubtotalAmt
Other Expenses Not Included	$0	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$38,767,838	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Schedule D, Part IV, Line 2b Explanation of escrow agreement

Arbor has an escrow custodial account set up for each of our investors. We are a service-retained organization, which collects the escrow funds, performs escrow analysis, and disburses funds to appropriate tax and/or insurance authorities.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSE. HOWEVER, IRS SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. MANY STATES HAVE SIMILAR LAWS. THE SPECIFIC APPLICATION OF SECTION 512 TO THE VARIOUS ACTIVITIES CONDUCTED BY STATE-CHARTERED CREDIT UNIONS HAS BEEN AN ISSUE FOR MANY YEARS. THE INTERNAL REVENUE SERVICE ("IRS") ISSUED A SERIES OF TECHNICAL ADVISE MEMORANDA ("TAM") TO A NUMBER OF STATE-CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN THESE TAMS, THE IRS RULED CERTAIN PRODUCTS AND SERVICES TO BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN LIGHT OF THE TAMS, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS. THE CREDIT UNION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES AND OPEN TAX PERIODS INCLUDE 2016-2018.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIPS	GrantTypeTxt
Recipient	12	RecipientCnt
Cash Grant	$24,000	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule I, Part III, Column (a) Type of Grant or Assistance	Scholarships are awarded to high school seniors who demonstrate academic achievement, community involvement and financial need.
Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.	THE CREDIT UNION CHOOSES SCHOLARSHIP RECIPIENTS BASED ON CERTAIN CRITERIA AND KEEPS SUPPORTING DOCUMENTS FOR THEIR DECISIONS.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
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
Julie A Blitchok
President/CEO	$388,275	$0	$95,439	$0	$19,961	$0	$73,697	$0	$22,555	$0	$599,927	$0	$0	$0
Earle D Shelner II
Chief Financial Officer	$184,975	$0	$33,160	$0	$633	$0	$22,795	$0	$25,970	$0	$267,533	$0	$0	$0
James O Blankenship
VP Information Systems	$162,879	$0	$27,063	$0	$690	$0	$19,376	$0	$18,604	$0	$228,612	$0	$0	$0
Tamara L Phelps
VP Operations	$157,257	$0	$26,589	$0	$1,490	$0	$18,287	$0	$18,404	$0	$222,027	$0	$0	$0
Arlene C Horton
VP of Talent Strategy and Organization	$148,813	$0	$26,510	$0	$4,292	$0	$16,481	$0	$20,504	$0	$216,600	$0	$0	$0
Jeffery Potter
Mortgage Loan Originator	$68,965	$0	$279,112	$0	$160	$0	$28,500	$0	$24,055	$0	$400,792	$0	$0	$0
Ryan A Maneke
Mortgage Loan Originator	$50,307	$0	$306,243	$0	$1,629	$0	$28,500	$0	$1,423	$0	$388,102	$0	$0	$0
John Hatridge
Mortgage Loan Originator	$47,446	$0	$210,554	$0	$3,243	$0	$23,181	$0	$25,305	$0	$309,729	$0	$0	$0
Laurie Brooks
Mortgage Loan Originator	$46,482	$0	$208,359	$0	$137	$0	$25,873	$0	$23,158	$0	$304,009	$0	$0	$0
Holly B Babb
Mortgage Loan Originator	$46,810	$0	$193,853	$0	$236	$0	$24,440	$0	$22,903	$0	$288,242	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan	FormAndLineReferenceDesc
Explanation	Julie Blitchok, CEO, participates in a split dollar life insurance plan. Premiums paid on behalf of the executive is treated as a loan. See schedule L for more detail on loan. Arbor Financial Credit Union also provides a supplemental nonqualified retirement plan for the CEO. The organization makes annual contributions to the plan. CONTRIBUTIONS TO THE PLAN FOR 2020 ARE AS FOLLOWS: $46,460 There were no distributions made from the plan during 2020.	ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (15 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
Julie Blitchok
CEO	Split Dollar Life Insurance Treated As Loan	Yes (X)	$4,480,403	$3,871,148	false	Yes (true)	Yes (true)
(no name)
Executive	Arbor Fixed Second 30 Year	Yes (X)	$75,000	$73,165	false	Yes (true)	Yes (true)
(no name)
Executive	Conventional 15 Year Fixed	Yes (X)	$375,000	$353,783	false	Yes (true)	Yes (true)
(no name)
Executive	Conventional 30 Year Fixed	Yes (X)	$400,000	$385,863	false	Yes (true)	Yes (true)
(no name)
Highest Compensated Employee	Used Auto	Yes (X)	$42,000	$40,996	false	Yes (true)	Yes (true)
(no name)
Highest Compensated Employee	Used Auto	Yes (X)	$15,475	$15,059	false	Yes (true)	Yes (true)
(no name)
Highest Compensated Employee	Conventional 15 Year Fixed	Yes (X)	$256,000	$247,321	false	Yes (true)	Yes (true)
(no name)
Highest Compensated Employee	Conventional 15 Year Fixed	Yes (X)	$175,000	$130,746	false	Yes (true)	Yes (true)
(no name)
Highest Compensated Employee	Conventional 15 Year Fixed	Yes (X)	$164,000	$156,375	false	Yes (true)	Yes (true)
(no name)
Highest Compensated Employee	Used Auto	Yes (X)	$22,124	$17,038	false	Yes (true)	Yes (true)
(no name)
Highest Compensated Employee	New Auto	Yes (X)	$25,000	$24,815	false	Yes (true)	Yes (true)
(no name)
Executive	Used Auto	Yes (X)	$27,424	$20,786	false	Yes (true)	Yes (true)
(no name)
Executive	Used Auto	Yes (X)	$9,132	$5,259	false	Yes (true)	Yes (true)
(no name)
Key Employee	Used Auto	Yes (X)	$33,862	$21,534	false	Yes (true)	Yes (true)
(no name)
Executive	Closed End Unsecured	Yes (X)	$26,000	$12,626	false	Yes (true)	Yes (true)

Field	Value	IRS element (for citing)
Total Balance Due	$5,376,514	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part I, Line 1 Description of Organization Mission:	Work or reside within the State of Michigan.
Form 990, Part VI, Line 1a Delegate broad authority to a committee	The personnel committee is the same as the full board with different leadership & has the authority to act on behalf of the board.
Form 990, Part VI, Line 6 Classes of members or stockholders	EVERY INDIVIDUAL THAT HAS AN ACCOUNT WITH THE CREDIT UNION IS CONSIDERED A MEMBER.
Form 990, Part VI, Line 7a Members or stockholders electing members of governing body	AS A CREDIT UNION, WE HAVE A MEMBERSHIP THAT HAS THE AUTHORITY TO VOTE FOR THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. WE ARE REQUIRED TO HOLD AN ANNUAL MEETING, WHERE THE MEMBERSHIP CAN VOTE FOR THE BOARD OF DIRECTORS UP FOR NOMINATION.
Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders	THE DECISIONS ARE APPROVED AT THE ANNUAL MEETING. THEY ALSO CAN REVIEW THE MONTHLY AND YEAR TO DATE FINANCIAL STATEMENTS THAT ARE REQUIRED TO BE POSTED IN THE LOBBY. AS FOR DAY TO DAY DECISIONS, THEY DO NOT OVERSEE OR APPROVE ACTIONS.
Form 990, Part VI, Line 11b Review of form 990 by governing body	A COPY of the Form 990 was PROVIDED FOR THE BOARD OF DIRECTORS TO REVIEW PRIOR TO FILING WITH THE IRS.
Form 990, Part VI, Line 12c Conflict of interest policy	ALL DIRECTORS AND EMPLOYEES ARE REQUIRED TO SIGN A POLICY STATEMENT ANNUALLY AND TO SUBMIT CHANGES DURING THE YEAR. If there is a conflict of interest with an employee, it is brought up through HR and noted in the file. If there is a conflict of interest with an executive it is noted with both HR and the CEO to be kept in their file, and they would no longer be permitted to sign any contracts.
Form 990, Part VI, Line 15a Process to establish compensation of top management official	WE UTILIZE AN OUTSIDE CONSULTANT, AS WELL AS INDUSTRY PUBLICATIONS TO SET THE RANGES OF ALL INDIVIDUALS PAID AT THE CREDIT UNION. ALL SALARY RANGES FOR ALL EMPLOYEES ARE APPROVED BY THE BOARD OF DIRECTORS AT A REGULARLY SCHEDULED MEETING. This meeting was last performed in December 2020. This process is documented in executive committee minutes.
Form 990, Part VI, Line 15b Process to establish compensation of other employees	WE UTILIZE AN OUTSIDE CONSULTANT, AS WELL AS INDUSTRY PUBLICATIONS TO SET THE RANGES OF ALL INDIVIDUALS PAID AT THE CREDIT UNION. ALL SALARY RANGES FOR ALL EMPLOYEES ARE APPROVED BY THE BOARD OF DIRECTORS AT A REGULARLY SCHEDULED MEETING. This meeting was last performed in December 2020. This process is documented in executive committee minutes.
Form 990, Part VI, Line 19 Required documents available to the public	THE CREDIT UNIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
Form 990, Part VIII, Line 11d Other Miscellaneous Revenue	Life Insurance Income - Total Revenue: 318316, Related or Exempt Function Revenue: 318316, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Visa Growth & Marketing Agreements - Total Revenue: 110479, Related or Exempt Function Revenue: 110479, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Miscellaneou Income - Total Revenue: 200423, Related or Exempt Function Revenue: 200423, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0;