2021-11-12T13:52:07-06:00 2020-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2020-01-01 381686050 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN CRED 2693829845 550 S RIVERVIEW DRIVE PARCHMENT MI 49004 JEFF FIELDER EVP OF FINANCE 8442384228 2021-11-12 1 JEFF FIELDER 999009999 DOUGLAS J ORTH P01076394 3052328272 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ADVIA CREDIT UNION CHERYL DEBOER 550 S RIVERVIEW DRIVE PARCHMENT MI 49004 119439670 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. 7 7 701 7 382392 134696 129000 0 107997350 113200942 5639844 6238728 0 0 113766194 119439670 147644 205373 0 0 38686536 37654640 0 0 0 60786733 63767443 99620913 101627456 14145281 17812214 2084525233 2425158521 1891291454 2206779831 193233779 218378690 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 0 0 0 0 1 56965 0 1 701 1 1 1 0 0 0 0 0 1 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X JEFF FIELDER 2693829845 550 S RIVERVIEW DRIVE PARCHMENT MI 49004 MARTY DOORN CHAIRMAN/BOD 1.00 X 0 0 0 JULIE BIRMAN DIRECTOR/BOD 1.00 X 0 0 0 DANIELLE STREED TREASURER/BOD 1.00 X 0 0 0 NICOLE KALMBACH V. CHAIR/BOD 1.00 X 0 0 0 MIKE SEGAL DIRECTOR/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 1353091 0 161865 JEFFREY FIELDER EVP OF FINANCE 40.00 X 349993 0 91311 RAYMOND BLACK EVP OF MEMBER SERVICE & MA 40.00 X 306937 0 93033 TIMOTHY MERWIN EVP OF LENDING 40.00 X 313090 0 78773 LINDEN BUCK VP OF INDIRECT SERVICES 40.00 X 276226 0 28114 THOMAS OEHLER COMMERCIAL CREDIT PORTFOLIO ADMINISTRATOR 40.00 X 212389 0 38439 MARION BRENNER VP OF BRANCH SUPPORT 40.00 X 189938 0 31565 RENAE SISK VP OF HUMAN RESOURCES 40.00 X 191979 0 14998 CHRISTOPHER SCHNEIDER MANAGER OF COMMERICAL SERVICES 40.00 X 175498 0 30064 3369141 0 568162 34 0 1 0 GRANGER CONSTRUCTIONS 6267 AURELIUS ROAD LANSING MI 48911 GENERAL CONTRACTOR FOR HQ 15273364 CU COOPERATIVE 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 FINANCIAL SERVICES-CARDS 1847256 JAMES AND MATTHEW COMPANY 2 SHAKER RD STE D220 SHIRLEY MA 01464 MARKETING 1364632 Q2 SOFTWARE INC PO BOX 205970 DALLAS TX 75320 SOFTWARE PROVIDER 1188880 CDW DIRECT LLC PO BOX 75723 CHICAGO IL 60675 IT SUPPLIES 1177259 43 INCOME FROM LOANS 522100 80511891 80511891 OTHER INCOME 522100 20240868 20240868 FEES AND CHARGES 522100 12065791 12065791 FINANCE AND INSURANCE 520000 382392 382392 113200942 6238728 6238728 119439670 112818550 382392 6238728 X 154757 50616 2748093 26513476 1886034 4349790 2157247 299925 135447 100900 91031 301277 1756358 5733514 5380196 2752237 131984 20522753 109275 3808455 250042 PROVISION FOR LOAN LOSS 10850534 DEBIT/CREDIT CARD EXPEN 3616159 ATM EXPENSES 3258109 LOAN SERVICING 3183081 1486166 101627456 32098884 48433180 75089567 116571638 2698721 2442618 9186921 9598579 1712594466 1726155189 2675943 2837118 76252154 22653262 37849889 53598892 117649304 347713095 38797841 53798464 33064906 33623596 22818791 30386152 2084525233 2425158521 25039096 23115618 60300000 15000000 1805952358 2168664213 1891291454 2206779831 X 0 0 0 0 193233779 218378690 193233779 218378690 2084525233 2425158521 X 17812214 5048697 2284000 X X 0 1 X 1 0 9441016 9441016 46109392 7528722 38580670 1675364 456021 1219343 19026382 14668519 4357863 53598892 SAVINGS AND CLUB 454274877 MONEY MARKET 819779474 SHARE DRAFT 477839844 CERTIFICATES 371303674 IRA CERTIFICATES 45466344 2168664213 X 119439670 0 119439670 0 119439670 101627456 0 101627456 0 101627456 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 26950 ATHLETIC SPONSORSHIP WESTERN MICHIGAN UNIVERISTY 1903 W MICHIGAN AVE KALAMAZOO MI 49008 386007327 501(C)(3) 21420 ATHLETIC SPONSORSHIP STADIUM MANAGEMENT COMPANY 1701 BRYANT STREET SUITE 700 DENVER CO 80204 382048040 C CORP 10675 ATHLETIC SPONSORSHIP 1 2 YOUTH SCHOLARSHIPS 33 33000 HOMETOWN HEROS 20 10000 SUMMER GIVEAWAY 4 4000 SHOP AND BE MERRY GIVEAWAY 5 2500 LAPTOP GIVEAWAY 2 716 FAIR MARKET VALUE LAPTOP SOCIAL MEDIA AWARDS 4 400 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 669132 0 208287 0 475672 0 132824 0 29041 0 1514956 0 0 0 JEFFREY FIELDER EVP OF FINANCE 276868 0 64290 0 8835 0 79128 0 12183 0 441304 0 0 0 RAYMOND BLACK EVP OF MEMBER SERVICE & MA 243015 0 57407 0 6515 0 64730 0 28303 0 399970 0 0 0 TIMOTHY MERWIN EVP OF LENDING 251120 0 56265 0 5705 0 64560 0 14213 0 391863 0 0 0 LINDEN BUCK VP OF INDIRECT SERVICES 130080 0 142251 0 3895 0 8405 0 19709 0 304340 0 0 0 THOMAS OEHLER COMMERCIAL CREDIT PORTFOLIO ADMINIST 171123 0 38701 0 2565 0 9563 0 28876 0 250828 0 0 0 MARION BRENNER VP OF BRANCH SUPPORT 156541 0 30064 0 3333 0 8763 0 22802 0 221503 0 0 0 RENAE SISK VP OF HUMAN RESOURCES 155758 0 29690 0 6531 0 8508 0 6490 0 206977 0 0 0 CHRISTOPHER SCHNEIDER MANAGER OF COMMERICAL SERVICES 100786 0 71813 0 2899 0 6858 0 23206 0 205562 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 2020, THE CREDIT UNION ACCRUED FOR THE FOUR FOLLOWING EMPLOYEES: CHERYL DEBOER - $115,724, JEFF FIELDER- $62,159, RAY BLACK- $51,131, TIMOTHY MERWIN- $49,121. IN 2020, THE CREDIT UNION PAID $523,833 IN RETIREMENT BENEFITS TO THE PRESIDENT/CEO, WHICH WAS REPORTED ON THE EMPLOYEE'S 2020 W-2. A PORTION OF THIS RETIREMENT BENEFIT PAYMENT WAS ACCRUED FOR IN 2020. CHERYL DEBOER, JEFF FIELDER, RAY 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 5789641 0 1 1 JEFF FIELDER EVP OF FINANCE TO FUND LIFE INSURANCE POLICY X 1573035 1593296 0 1 1 RAY BLACK EVP OF SALES AND MARKETING TO FUND LIFE INSURANCE POLICY X 1604663 1510688 0 1 1 TIM MERWIN EVP OF LENDING TO FUND LIFE INSURANCE POLICY X 716572 704954 0 1 1 9598579 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 301,277. FORM 990, PART IX, LINE 24E OTHER OPERATING EXPENSES 765,562. NCUA PREMIUM ASSESSMENT 420,000. MAINTENANCE 235,550. TRAINING/BUSINESS DEVELOPMENT 65,054. FORM 990, PART XI, LINE 9: EQUITY ACQUIRED THROUGH MERGER 2,284,000. 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.