2020-05-06T09:01:15-07:00 2019-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2019-01-01 381485730 Parkside Credit Union PARK 7345250700 36525 Plymouth Rd Livonia MI 48150 Janet Thompson CEO / President 2020-05-06 true Robert Draeger P01331632 8005225820 2019 2020-11-06 18:47:13Z 36525 Plymouth Rd Livonia MI 48150 10136995 false X www.parksidecu.org X 1953 MI Provide financial services to member owners with a common bond. 7 7 61 7 262440 -1356 0 7816400 9063474 940072 1073521 294879 0 9051351 10136995 0 0 2884715 3200654 0 0 4973998 5374475 7858713 8575129 1192638 1561866 118377378 125429259 101061009 106113032 17316369 19316227 Provide financial services to member owners with a common bond. false false The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2019 was 14,185. The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2019 was 9,467. false false false false false false false false false true true false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 32279 0 true 61 false true true false false false false false false false X 7 7 false false false false true true true true true false true true false true true true true true true true false X Connie Gladki 7345250700 36525 Plymouth Rd Livonia MI 48150 Janet Thompson CEO / President 40.00 0.00 X 218917 0 17155 Doris Graham Senior VP 40.00 0.00 X 110499 0 6259 Connie Gladki VP Fin & Acct 40.00 0.00 X 94316 0 20557 Janet Hendrie EVP/COO 40.00 0.00 X 94861 0 12406 Heather Colonius VP Marketing 40.00 0.00 X 78704 0 16982 Joy Bobby VP of Lending 40.00 0.00 X 88543 0 3889 Heather Balazy Controller 40.00 0.00 X 74562 0 1979 William Sackett Chairman 2.00 0.00 X 0 0 0 Michael Rawson Treasurer 1.00 0.00 X 0 0 0 Richard Pokerwinski Director 1.00 0.00 X 0 0 0 Clyde Ghee Secretary 1.00 0.00 X 0 0 0 Jerry Miller Director 1.00 0.00 X 0 0 0 Vincent Quinn Director 1.00 0.00 X 0 0 0 Cynthia Grimwade Vice Chair 1.00 0.00 X 0 0 0 760402 79227 2 false true false Redrock Information Security 1101 40th St SE Grand Rapids MI 49508 IT services 187012 Salus Group 38221 Mound Road Bldg G Sterling Heights MI 48310 Office Expense 454863 CUAnswers 6000 28th Street SE Suite 100 Grand Rapids MI 49546 Data Processor 550921 CU Cooperative Systems Inc 9692 Haven Ave Rancho Cucamonga CA 91730 Cooperative Systems 287840 FIS 1101 Gray Fox Ct Howell MI 48843 Card Processing 188519 7 0 Fees & Charges 522100 3003908 3003908 Insurance Reimbursements 46521 46521 Interchange Income 522100 1078765 1078765 Loan Interest Income 522100 4718361 4718361 Non-Member ATM Fees 215919 215919 9063474 1073521 1073521 0 0 0 0 0 0 0 Insurance Reimbursements 524298 Non-Member ATM Fees 525990 0 10136995 9874555 262440 0 0 0 0 834144 0 1770255 75613 315574 205068 0 4133 65456 0 0 0 34939 300974 511995 278217 0 283726 5242 0 61456 243243 0 542096 57023 Provision for Loan Losses 1033176 ATM Expense 795012 Loan and collection expense 758801 Kasasa Exp 128665 270321 8575129 0 0 0 3201146 3194622 12548701 19138658 0 1316290 0 0 65731577 68706608 0 565735 602792 9664439 3409932 6606901 6254507 1551417 731482 26288383 23613405 0 0 1883518 1870895 118377378 125429259 1232024 1319814 99828985 104793218 101061009 106113032 X 17316369 19316227 17316369 19316227 118377378 125429259 1561866 437992 X false false false 263397 263397 6719642 1798850 4920792 205367 205367 241782 215326 26456 2234251 1190389 1043862 6254507 23613405 Member Shares & Deposits 104793217 Rounding 1 104793218 false false false Janet Thompson CEO / President 217597 1320 13533 3622 236072 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Credit Union is composed of members. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Mergers are voted on by entire membership. Form 990, Part VI, Line 11b: Form 990 Review Process Management reviews the tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts No employee, director or any other volunteer, agent or attorney may solicit or receive anything of value or any benefit or business oppotunity in connection with Credit Union business. Affected persons are required annually to list any relationships which may become a conflict of interest.Also, employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Credit union bylaws and conflict of interest policy are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions.