2020-09-30T11:37:07-05:00 2019-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2019-01-01 380745805 Credit Unions Chartered in The State of MI 98 CASE Credit Union % JEFFERY BENSON CRED 5173937710 PO BOX 22158 LANSING MI 48909 JEFFREY BENSON PRESIDENT/CEO 5173937710 2020-11-15 true Michael J Summers P00838533 3173834000 2020-11-15 167.68.126.162 43033020202745000038 2020-09-30 P 7AD19FC89F4CD6CFB4E62E78CAEB312599CFC24D E43C2FEF5D838BC286DC3B96AF984EDC8464B4B8 2019 2021-04-22 16:20:28Z CASE CREDIT UNION JEFFREY BENSON PO BOX 22158 LANSING MI 48909 23658495 false X WWW.CASECU.ORG X 1936 MI TO ASSIST MEMBERS AND EMPLOYEES TO ACHIEVE FINANCIAL SUCCESS THROUGH SERVICE THAT IS SUPERIOR, CONVENIENT, AND EASY TO USE. 9 9 181 9 197495 0 0 17556711 17895726 1986011 2199622 0 0 19542722 20095348 0 0 958937 1463239 5798841 5867412 0 0 0 11946409 9618539 18704187 16949190 838535 3146158 285215372 300959636 259628716 271366865 25586656 29592771 TO ASSIST MEMBERS AND EMPLOYEES TO ACHIEVE FINANCIAL SUCCESS THROUGH SERVICE THAT IS SUPERIOR, CONVENIENT, AND EASY TO USE. false false CASE CREDIT UNION OFFERS A WIDE VARIETY OF CONSUMER AND BUSINESS LOAN PRODUCTS TO MEET THE NEEDS OF OUR MEMBERS. THESE LOANS INCLUDE AUTO/RV, PERSONAL, EDUCATIONAL, HOME EQUITY, BUSINESS, 1ST MORTGAGE, AND CREDIT CARDS. OUR LOAN PRODUCTS ARE TAILORED TO FIT THE NEEDS AND WANTS OF OUR MEMBERSHIP AND INCLUDE FEATURES SUCH AS SKIP-A-PAYMENT, COMPETITIVE RATES, AUTOMATIC PAYMENT OPTIONS AND LOAN PROTECTION OPTIONS. LOANS CAN BE APPLIED FOR IN PERSON AT ANY OF OUR SEVEN BRANCHES, BY PHONE, FAX, WEBSITE AND THROUGH DEALER DIRECT LOANS AT MANY AREA DEALERSHIPS. CASE CREDIT UNION HAS OVER 44,000 MEMBERS. OUR MEMBERS ENJOY A WIDE VARIETY OF SAVINGS OPTIONS TO SUIT THEIR INDIVIDUAL NEEDS. WE OFFER SEVERAL SAVINGS AND CHECKING OPTIONS, MONEY MARKET ACCOUNTS, TERM DEPOSITS, IRA'S AND CHRISTMAS CLUB ACCOUNTS. ALL MEMBERS ARE REQUIRED TO MAINTAIN A $5 SHARE DEPOSIT TO CONTINUE THEIR MEMBERSHIP. OUR RATES AND PRODUCT OFFERINGS ARE COMPETITIVE. CASE CREDIT UNION OFFERS A WIDE VARIETY OF ELECTRONIC SERVICES. THE SERVICES ARE FREE FOR MEMBERS. SERVICES INCLUDE BUT ARE NOT LIMITED TO ONLINE BANKING, BILL PAY, MOBILE BANKING, TEXT BANKING, QUICKEN, FINANCE WORKS, TELEPHONE BANKING, CONTACT CENTER, ONLINE LOAN APPLICATIONS, AND POP MONEY (FUNDS TRANSFER). false false false false false false false true false true true false false true false false true false false false false false false false false false false false true false true false false false false false false false false true false false false true 5432 0 true 181 true true true false false false false false false false false false false false X 9 9 false false false false true true false true true false true true true true true true true true true true false MI X JEFFERY BENSON 5173937710 PO BOX 22158 LANSING MI 48909 X JEFFREY BENSON PRESIDENT AND CEO 50.0 0.0 X 345583 0 37670 CHAD ROLSTON VP OF INFORMATION SYSTEMS 50.0 0.0 X 130270 0 7459 BRYANNA BENOIT VICE PRESIDENT OF FINANCE/CFO 50.0 0.0 X 103022 0 10858 APRIL CLARK BOARD MEMBER 2.0 0.0 X 0 0 0 BALDOMERO GARCIA BOARD MEMBER 2.0 0.0 X 0 0 0 CRAIG GODFREY BOARD VICE CHAIR 2.0 0.0 X X 0 0 0 FRED GOERS BOARD MEMBER 2.0 0.0 X 0 0 0 JANE OLNEY BOARD SECRETARY 2.0 0.0 X X 0 0 0 KAREN SPOTTS BOARD TREASURER 2.0 0.0 X X 0 0 0 RENIERO AROAZ BOARD MEMBER 2.0 0.0 X 0 0 0 SAMUEL DUNCAN BOARD MEMBER 2.0 0.0 X 0 0 0 WILLIAM BREWER II BOARD CHAIR 2.0 0.0 X X 0 0 0 578875 0 55987 3 false true false FISERV 75 REMITTANCE DRIVE STE 1649 CHICAGO IL 60675 TECHNOLOGY 958168 CORNELIUS SYSTEMS INC 1302 ANDERSON ROAD CLAWSON MI 48017 TECHNOLOGY (ATM) 100041 FOSTER SWIFT COLLINS SMITH PC 313 S WASHINGTON SQUARE LANSING MI 48933 LEGAL & COLLECTIONS 126799 ALLIED SOLUTIONS 350 VETERANS WAY CARMEL IN 46032 FINANCIAL SERVICES 121065 DIEBOLD NIXDORF INC PO BOX 643543 PITTSBURGH PA 152643543 TECHNOLOGY 103456 5 0 INTEREST ON LOANS 522100 11622056 11622056 FEE INCOME 522100 3307878 3307878 OTHER NON-INTEREST INCOME 522100 2768297 2768297 NON-MEMBER FINANCIAL ADVISORY 522100 170590 170590 NON-MEMBER ATM TRANSACTIONS 522100 26905 26905 17895726 2180614 2180614 0 0 0 0 0 3582155 3563147 19008 19008 19008 0 0 0 0 0 0 0 0 0 0 20095348 17698231 197495 2199622 0 0 0 1463239 497133 0 4299604 124828 509003 436844 0 0 58742 0 0 0 238330 455677 381836 1537878 0 657268 64112 0 54512 326869 0 942195 79223 LOAN LOSS PROVISION 1180000 LOAN SERVICES 1830589 MEMBER STATEMENT DATA MAIL 232063 ATM EXPENSES 307571 1271674 16949190 5221642 4873523 10093450 3013336 0 0 686948 530720 4242215 4359876 0 0 215456871 240617286 0 0 0 0 20268504 9351773 10986369 10916731 0 0 34028913 32179962 0 0 0 0 4498964 4468202 285215372 300959636 4127255 4609573 0 0 0 0 0 0 380235 463952 0 0 0 0 0 0 255121226 266293340 259628716 271366865 X 0 0 0 0 25586656 29592771 25586656 29592771 285215372 300959636 X 3146158 903937 -43980 X false true X true false false true X 4281688 4281688 8495648 3457379 5038269 1028 1028 7218476 5893366 1325110 271664 271664 10916731 MORTGAGE BACKED SECURITIES 20641061 SBA SECURITIES 10191701 FHLB STOCK 747200 MEMBER CAP ACCT IN CORPORATE 600000 32179962 0 MEMBERS' SHARES 251293340 FHLB ADVANCE 15000000 266293340 20095348 20095348 20095348 16949190 16949190 16949190 SCHEDULE D, PART IV, LINE 2B ESCROW ACCOUNT: ESCROW ACCOUNTS ARE UTILIZED TO COLLECT FUNDS FROM MEMBERS FOR THE PURPOSE OF PAYING REAL ESTATE TAXES AND INSURANCE ON REAL ESTATE LOANS. SCHEDULE D, PART X, LINE 2 FIN 48 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. X true true X X X X X false true false JEFFREY BENSON PRESIDENT AND CEO 335583 0 10000 0 0 0 10711 0 26959 0 383253 0 0 0 SCHEDULE J, PART I, LINE 1A BOARD OF DIRECTOR MEMBERS RECEIVE TRAVEL REIMBURSEMENT FOR COMPANIONS WHEN TRAVELING ON CREDIT UNION BUSINESS OR EDUCATION TRIPS. FORM 1099S ARE ISSUED IF THE FAIR MARKET VALUE EXCEEDS FILING THRESHOLDS. SCHEDULE J, PART I, LINE 4B THE ORGANIZATION DEPOSITED FUNDS INTO A LIFE INSURANCE POLICY ON THE PARTICIPANT'S LIFE. DURING LIFE, AND SUBJECT TO THE POLICY GENERATING SUFFICIENT VALUES, THE PARTICIPANT CAN BORROW FROM THE POLICY. AT DEATH, THE ORGANIZATION RECOVERS ITS PREMIUMS PLUS INTEREST PLUS ADDITIONAL KEY-PERSON INSURANCE PROCEEDS. THE PLAN ORIGINATED IN 2016 AND THERE WERE NO CONTRIBUTIONS MADE TO THE PLAN DURING 2019. JEFFREY BENSON PRESIDENT/CEO PURCHASE LIFE INS. X 4000000 4359876 false true true 4359876 FORM 990, PART VI, SECTION A, LINE 6 ALL MEMBERS OWNING A SHARE ACCOUNT ARE MEMBERS OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS OF THE CREDIT UNION ARE OWNER MEMBERS. AS SUCH, EACH MEMBER HAS ONE VOTE DURING THE ANNUAL ELECTION OF BOARD OF DIRECTOR MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B AFTER BEING PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, THE FORM 990 IS PROVIDED ELECTRONICALLY TO THE BOARD OF DIRECTORS, AUDIT COMMITTEE, AND OFFICERS OF THE CREDIT UNION FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL CONTRACTS ENTERED INTO MUST BE APPROVED BY SENIOR MANAGEMENT. GIFTS ARE NOT TO BE ACCEPTED. IF GIFTS ARE ACCEPTED, THEY ARE TO BE REPORTED TO SENIOR MANAGEMENT OR THE BOARD OF DIRECTORS. BOARD MEMBERS, AND ALL OFFICERS AND EMPLOYEES ANNUALLY SIGN THE CREDIT UNION'S CODE OF CONDUCT, WHICH INCLUDES THE CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE HUMAN RESOURCES DEPARTMENT. IF A CONFLICT IS PRESENT, IT IS PRESENTED TO THE PRESIDENT/CEO TO DETERMINE APPROPRIATE RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS HAS A FORMAL COMPENSATION COMMITTEE WHO DETERMINES THE COMPENSATION PACKAGE OF THE PRESIDENT/CEO ON AN ANNUAL BASIS. THE COMMITTEE USES COMPARABILITY DATA FROM CREDIT UNION CONSULTANTS TO DETERMINE COMPENSATION. THIS REVIEW WAS LAST CONDUCTED IN JANUARY 2020. FORM 990, PART VI, SECTION B, LINE 15B CASE CREDIT UNION COMPARES ALL POSITIONS IN THE CREDIT UNION TO THE OTHER CREDIT UNIONS THROUGHOUT MICHIGAN AND SETS COMPENSATION ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST TO THE PUBLIC. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBIES OF EACH BRANCH, ANNUAL REPORTS ARE AVAILABLE AT THE ANNUAL MEMBERSHIP MEETING, AND THE QUARTERLY CALL REPORT IS POSTED PUBLICLY ON THE NCUA'S WEBSITE. FORM 990, PART XI, LINE 9 MEMBERSHIP FEES $ 4,016 POSTRETIREMENT BENEFIT PLANS (47,996) TOTAL $(43,980) FORM 990, PART XI, LINE 9 Membership fees are a charge to become part of the membership of CASE Credit Union and are not treated as income. The funds from the membership fee are directly added to equity for every membership account that is opened during the year as ownership within the organization. EDUCATED SOLUTIONS LLC PO BOX 22158 LANSING MI 48909 383548361 CONSULTING MI 47 47045 NA