2019-05-28T14:59:27-05:00 2018-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2018-01-01 386064790 FILER CREDIT UNION FILE 2317233400 PO BOX 375 MANISTEE MI 49660 PATTY PREUSS CEO 2317233400 2019-05-24 1 JOSEPH A ZITO CPA P00648440 2482443000 104.11.88.150 2019-05-23 21:01:07 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7DB26C3BB201601930FCFA0C4651552B54C26A2 2018 2019-02-21 02:37:17Z PATTY PREUSS 1117 28TH STREET MANISTEE MI 49660 5550004 0 1359 X WWW.FILERCU.COM X 1951 MI BUILDING MEMBER-OWNED, LIFE-LONG RELATIONSHIPS, ONE MEMBER AT A TIME. 9 9 37 15 8354 -3508 0 0 3504476 4084964 1148477 1259373 258459 100367 4911412 5444704 0 0 0 0 1170525 1256514 0 0 0 2729806 3058222 3900331 4314736 1011081 1129968 139550076 143233201 123097186 126098721 16452890 17134480 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, 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 1 0 0 1 1 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 6791 0 1 37 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 0 0 1 1 0 0 X KACI KAMALOSKI 2317233400 1117 28TH STREET MANISTEE MI 49660 GREGG KING PRESIDENT 1.00 X 0 0 0 RICHARD TETSWORTH DIRECTOR 1.00 X 0 0 0 THOMAS BATZER DIRECTOR 1.00 X 0 0 0 BONNIE COTE SECRETARY/TREASURER 1.00 X 0 0 0 THOMAS MATERNOWSKI DIRECTOR 1.00 X 0 0 0 JAMES SIBLEY DIRECTOR 1.00 X 0 0 0 ANTHONY GAGLIARDO DIRECTOR 1.00 X 0 0 0 WAYNE BERNIER VICE PRESIDENT 1.00 X 0 0 0 JEAN SOLTES DIRECTOR 1.00 X 0 0 0 CONNIE WATSON DIRECTOR 1.00 X 0 0 0 PATTY PREUSS CEO 40.00 X 95873 0 20090 KACI KAMALOSKI CFO 40.00 X 55931 0 32905 151804 0 52995 0 0 0 0 CU ANSWERS 6000 28TH STE SE100 GRAND RAPIDS MI 49546 CORE PROCESSOR 358442 VANTIV 300 COLONIAL CENTER PARKWAY SUITE ROSWELL GA 30076 CREDIT CARD PROCESSING 297065 2 INCOME ON MEMBER LOANS 522100 3103996 3103996 FEES AND CHARGES 522100 972614 972614 NON-MEMBER ATM FEE INC 900099 8354 8354 4084964 1308231 1308231 56442 105300 -48858 -48858 -48858 OTHER INCOME 522100 100367 100367 100367 5444704 5436350 8354 0 X 204799 204799 726216 726216 57667 57667 197563 197563 70269 70269 78418 78418 89639 89639 273748 273748 249236 249236 82232 82232 8370 8370 916295 916295 12139 12139 97253 97253 PROVISION FOR LOAN LOSS 350244 350244 ATM FEES 306014 306014 LOAN SERVICING EXPENSE 291545 291545 VISA EXPENSES 90761 90761 212328 212328 4314736 4314736 0 0 1510626 1810095 5396990 5463453 73005001 74984384 103764 82141 3170608 1329315 1710886 1841293 37185303 35545531 17721886 20411278 2915620 3095026 139550076 143233201 2741290 2268099 120355896 123830622 123097186 126098721 X 0 0 0 0 16452890 17134480 16452890 17134480 139550076 143233201 1129968 -448378 0 X 0 0 0 144177 144177 2534314 954176 1580138 492117 375139 116978 1841293 ALLOYA PCC 426900 C FHLB STOCK 444100 C OTHER INVESTMENTS 76962 C PASS THRU INVESTMENTS 19463316 C 20411278 MEMBER SHARES 123830622 123830622 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER 26 U.S.C. SECTION 501(C)(1) AND (14). THE CREDIT UNION IS ALSO EXEMPT FROM STATE INCOME TAXES. 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 15A 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 MISCELLANEOUS: PROGRAM SERVICE EXPENSES 90,451. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 90,451. MAINTENANCE AND REPAIRS: PROGRAM SERVICE EXPENSES 76,307. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 76,307. EDUCATION AND PROMOTION: PROGRAM SERVICE EXPENSES 45,570. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,570.