2025-08-04T15:34:48-05:00 2024-10-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 381876197 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 1142 TEAMSTERS CREDIT UNION CRED 3139624666 2825 TRUMBULL ST DETROIT MI 48216 SUE POSTEMSKI CHIEF DATA ANALYTICS OFFICER 3139624666 2025-08-04 0 AUBREY CLEGG P01076395 3052328272 2024 2025-03-06 01:10:19Z X TEAMSTERS CREDIT UNION JENNIFER BOROWY 27000 EVERGREEN ROAD LATHRUP VILLAGE MI 48076 627442 0 X TEAMSTERSCREDITUNION.COM X 1968 MI OUR SOLE MISSION IS TO PROVIDE THE HIGHEST QUALITY MEMBER EXPERIENCE. WE ARE PRIVILEGED TO TRANSFORM LIVES BY PROVIDING UNIQUE AND PERSONALIZED FINANCIAL SOLUTIONS FOR OUR MEMBERS. WE WILL ANTICIPATE NEEDS, EXCEED EXPECTATIONS, AND MAKE A POSITIVE LASTING IMPRESSION WITH EVERY MEMBER, EVERY TIME. X 6 6 2 6 0 0 0 0 616777 505448 155036 121994 0 0 771813 627442 0 0 0 0 336621 48784 0 0 0 756603 1032164 1093224 1080948 -321411 -453506 15894947 0 14441206 0 1453741 0 X WE ARE DESIGNED TO ASSIST OUR COMMUNITY WITH FINANCIAL SOLUTIONS WHILE IMPROVING THE COMMUNITY. 0 1 ORIGINATED $479,000 OF CONSUMER LOANS IN 2024. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 185 0 1 2 1 0 0 0 0 0 0 0 0 X 6 6 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 X JANET BARDEN 2487276715 27000 EVERGEEN ROAD LATHRUP VILLAGE MI 48076 X LARRY FREEMAN CHAIRPERSON 1.00 X 0 0 0 ALEX YOUNG VICE CHAIRPERSON 1.00 X 0 0 0 JOE VALENTI JR BOARD SECRETARY 1.00 X 0 0 0 PAUL KOZICKI BOARD MEMBER 1.00 X 0 0 0 KENNETH KWAPISZ BOARD MEMBER 1.00 X 0 0 0 STEVE HICKS BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 FISERV PO BOX 934057 ATLANTA GA 31193 SOFTWARE 126878 1 INTEREST ON LOANS 522100 316085 316085 FEES, CHARGES, OTHER 522100 189363 189363 505448 121994 121994 627442 627442 0 0 X 24453 1482 12251 10598 23211 4329 132213 394 177140 68171 5959 28156 PROVISION FOR LOAN LOSS 429489 LOAN SERVICING 96654 MISCELLANEOUS 66448 1080948 126864 0 4555406 0 0 0 0 0 4785407 0 0 26545 0 0 113945 0 3500000 0 2547100 0 0 0 239680 0 15894947 0 64964 14376242 0 14441206 0 X 0 0 0 0 1453741 0 1453741 0 15894947 0 X -453506 -1000235 X 0 0 0 CASH AND CASH EQUIVALENTS 2024-10-31 3352308 INDEPENDENT THIRD-PARTY VALUATION 380481580 MICHIGAN FIRST CREDIT UNION 27000 EVERGREEN ROAD LATHRUP VILLAGE MI 48076 501(C)(14) LOANS TO MEMBERS, NET OF ALLOWANCE FOR CREDIT LOSSES 2024-10-31 3764739 INDEPENDENT THIRD-PARTY VALUATION 380481580 MICHIGAN FIRST CREDIT UNION 27000 EVERGREEN ROAD LATHRUP VILLAGE MI 48076 501(C)(14) PROPERTY AND EQUIPMENT 2024-10-31 550000 INDEPENDENT THIRD-PARTY VALUATION 380481580 MICHIGAN FIRST CREDIT UNION 27000 EVERGREEN ROAD LATHRUP VILLAGE MI 48076 501(C)(14) OTHER ASSETS 2024-10-31 683008 INDEPENDENT THIRD-PARTY VALUATION 380481580 MICHIGAN FIRST CREDIT UNION 27000 EVERGREEN ROAD LATHRUP VILLAGE MI 48076 501(C)(14) INVESTMENT SECURITIES 2024-10-31 5527034 INDEPENDENT THIRD-PARTY VALUATION 380481580 MICHIGAN FIRST CREDIT UNION 27000 EVERGREEN ROAD LATHRUP VILLAGE MI 48076 501(C)(14) 1 0 0 0 1 1 1 1 0 PART I, LINE 2E: PERSON(S) INVOLVED: LARRY FREEMAN PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: LARRY FREEMAN WAS THE BOARD CHAIRPERSON OF TEAMSTERS CREDIT UNION AND BECAME A BOARD MEMBER FOR MICHIGAN FIRST CREDIT UNION. FORM 990, PART III, LINE 3 TEAMSTERS CREDIT UNION MERGED ITS ASSETS INTO MICHIGAN FIRST CREDIT UNION EFFECTIVE NOVEMBER 1, 2024. CREDIT UNION DEPOSIT AND LENDING SERVICES FOR THE FORMER MEMBERS WILL CONTINUE UNDER MICHIGAN FIRST CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 4 TEAMSTERS CREDIT UNION MERGED ITS ASSETS INTO MICHIGAN FIRST CREDIT UNION EFFECTIVE NOVEMBER 1, 2024. CREDIT UNION DEPOSIT AND LENDING SERVICES FOR THE FORMER MEMBERS WILL CONTINUE UNDER MICHIGAN FIRST CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 6 ALL ACCOUNT HOLDERS ARE REFERRED TO AS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS CAN ELECT BOARD MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ANY MAJOR DECISION INVOLVING THE CONVERSION OR MERGER MUST BE APPROVED BY THE MEMBERS. DURING 2024, TEAMSTERS CREDIT UNION MEMBERS VOTED ON BECOMING PART OF MICHIGAN FIRST CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 11B THE CFO AND CHIEF DATA ANALYTICS OFFICER OF MICHIGAN FIRST CREDIT UNION ARE RESPONSIBLE FOR THE COMPLETION AND REVIEW OF THE FORM 990 BEFORE FILING WITH THE IRS. THE ORGANIZATION DOES NOT PROVIDE A COPY OF FORM 990 TO THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE AND ADHERE TO A FORMAL CODE OF CONDUCT WHICH INCLUDES CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES 132,213. FORM 990, PART XI, LINE 9: BOOK VALUE OF NET ASSETS (INCLUSIVE OF MEMBER DEPOSITS) TRANSFERRED TO MICHIGAN FIRST CREDIT UNION AS A RESULT OF A MERGER. -1,000,235.