2025-09-02T18:54:33-05:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 386064790 FILER CREDIT UNION FILE 2317233400 PO BOX 375 MANISTEE MI 49660 KYLE GURZYNSKI CEO 2317233400 2025-08-28 1 0 AUBREY CLEGG P01076395 3052328272 2025-08-25 2024 2025-03-06 01:10:19Z KYLE GURZYNSKI 1117 28TH STREET MANISTEE MI 49660 12009346 0 1359 X WWW.FILERCU.COM X 1951 MI BUILDING MEMBER-OWNED, LIFE-LONG RELATIONSHIPS, ONE MEMBER AT A TIME. 8 8 52 14 21235 0 0 0 6984560 8533154 2193830 2437515 841103 1038677 10019493 12009346 40125 36000 0 0 2514965 2917453 0 0 0 5673502 7174266 8228592 10127719 1790901 1881627 232607925 236137876 213461800 214083484 19146125 22054392 BUILDING MEMBER-OWNED, LIFE-LONG RELATIONSHIPS, ONE MEMBER AT A TIME. 0 0 THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, CERTIFICATES, AND OTHER. THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, VEHICLE, BUSINESS, AND OTHER. THE CREDIT UNION PROVIDES A VARIETY OF ONLINE SERVICES FOR MEMBERS TO USE IN MANAGING THEIR FINANCES INCLUDING ONLINE BANKING, BILL PAY, P2P, BUDGETING, ETC. 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 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15377 0 1 52 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 0 1 1 0 0 1 1 1 0 X KACI KAMALOSKI 2317942508 1117 28TH STREET MANISTEE MI 49660 RICHARD TETSWORTH BOARD PRESIDENT 1.00 X 0 0 0 CYNTHIA WANGBICHLER BOARD VICE PRESIDENT 1.00 X 0 0 0 CONSTANCE WATSON BOARD SECRETARY/TREASURER 1.00 X 0 0 0 THOMAS BATZER BOARD MEMBER 1.00 X 0 0 0 JAMES SIBLEY BOARD MEMBER 1.00 X 0 0 0 JEAN SOLTES BOARD MEMBER 1.00 X 0 0 0 ZACHARY BIALIK BOARD MEMBER 1.00 X 0 0 0 BRIAN KRUS BOARD MEMBER 1.00 X 0 0 0 RANDY ZAKRAJSEK ASSOCIATE BOARD MEMBER 1.00 X 0 0 0 MARI MANKE ASSOCIATE BOARD MEMBER 1.00 X 0 0 0 CHRIS TRESNEK ASSOCIATE BOARD MEMBER 1.00 X 0 0 0 MITCH FOSTER ASSOCIATE BOARD MEMBER 1.00 X 0 0 0 BONNIE COTE BOARD EMERITUS 1.00 X 0 0 0 THOMAS MATERNOWSKI BOARD EMERITUS 1.00 X 0 0 0 KYLE GURZYNSKI CEO 40.00 X 171323 0 35495 KACI KAMALOSKI CFO 40.00 X 117055 0 34053 288378 0 69548 2 0 1 0 FIS PO BOX 4535 CAROL STREAM IL 60197 CARD PROCESSING 597383 CU ANSWERS 6000 28TH STE SE100 GRAND RAPIDS MI 49546 CORE PROCESSOR 560509 INFORMA BUSINESS SYSTEMS 5170 HARTSHORN DR FLUSHING MI 48433 EQUIPMENT PURCHASE/SERVICING 175299 3 INCOME ON MEMBER LOANS 522100 7536083 7536083 FEES AND CHARGES 522100 975836 975836 NON-MEMBER ATM FEE INCOME 520000 21235 21235 8533154 2437515 2437515 OTHER OPERATING INCOME 522100 1038677 1038677 1038677 12009346 11988111 21235 0 X 36000 357926 1826473 145708 418930 168416 133851 153095 450761 466905 151179 25443 2940408 12083 224196 PROVISION FOR LOAN LOSS 858652 ATM FEES 742935 LOAN SERVICING EXPENSE 327910 VISA EXPENSES 300743 386105 10127719 2562622 4479502 10904310 11399359 136662523 139525256 180149 125125 6993970 2019947 2600784 4974023 73025230 70454395 1973962 1224962 4698345 3955254 232607925 236137876 2063443 1960846 211398357 212122638 213461800 214083484 X 0 0 0 0 19146125 22054392 19146125 22054392 232607925 236137876 1881627 1026640 0 X X 0 1 X 1 0 660601 660601 5068750 1378312 3690438 1264619 641635 622984 4974023 MEMBER SHARES 212122638 212122638 X 12009346 0 12009346 0 12009346 10127719 0 10127719 0 10127719 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION. 1 SCHOLARSHIPS 24 36000 PART I, LINE 2: SCHOLARSHIPS: ALL SCHOLARSHIP APPLICATIONS ARE REVIEWED BY A COMMITTEE OF 5 AND SCORED BASED ON THEIR COMMUNITY ACTIVITIES, EXTRACURRICULAR ACTIVITIES/JOBS, FUTURE PLANS, AND GOALS. APPLICANTS MUST BE ENROLLED FULL TIME IN A COLLEGE OR UNIVERSITY AND HAVE AT LEAST A 2.0 GRADE POINT AVERAGE. ALL PERSONAL INFORMATION WITHIN THE APPLICATION IS CONCEALED ENSURING AN UNBIASED SELECTION PROCESS. THE TOP RANKED APPLICANTS RECEIVE THE SCHOLARSHIP. THE CREDIT UNION CONFIRMS THAT THE RECIPIENTS ARE ENROLLED IN A COLLEGE OR UNIVERSITY AND THAT EACH RECIPIENT'S GRADE POINT AVERAGE IS SUCH THAT THEY REMAIN ELIGIBLE. THE CREDIT UNION ALSO MONITORS THE RECIPIENTS TO ENSURE THEY ARE NOT ON ANY TYPE OF ACADEMIC PROBATION BEFORE FUNDS ARE DISTRIBUTED TO THE STUDENT. X X 0 0 0 KYLE GURZYNSKI CEO 166823 0 4500 0 0 0 13862 0 21633 0 206818 0 0 0 KACI KAMALOSKI CFO 112055 0 5000 0 0 0 10400 0 23653 0 151108 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 EACH INDIVIDUAL WHO HAS AN ACCOUNT WITH THE CREDIT UNION IS A MEMBER OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A 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, 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 CREDIT UNION HIRES A THIRD PARTY CPA FIRM TO PREPARE FORM 990. THE CFO REVIEWS THE COMPLETED FORM 990 PRIOR TO FILING. THE ORGANIZATION DOES NOT PROVIDE A COPY OF FORM 990 TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. HOWEVER, FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS SUBSEQUENT TO FILING. FORM 990, PART VI, SECTION B, LINE 15 THE MICHIGAN CREDIT UNION LEAGUE SALARY SURVEY IS USED IN THE DETERMINATION OF OFFICERS' SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY, THE QUARTERLY CALL REPORT, WHICH INCLUDES YEAR TO DATE FINANCIAL STATEMENTS, IS AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV. THE CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 24E MAINTENANCE AND REPAIRS 173,475. MISCELLANEOUS 130,737. EDUCATION AND PROMOTION 76,041. NON-OPERATING EXPENSES 5,852. FORM 990, PART XII, LINE 2B THE CREDIT UNION OBTAINED AN INDEPENDENT OPINION AUDIT OF THE CREDIT UNION'S FINANCIAL STATEMENTS AS OF JUNE 30, 2024. FORM 990, PART XII, LINE 2C THE CREDIT UNION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.