2018-11-14T14:27:25-05:00 2017-12-31 273731447 WESTON & COMPANY CPAS LLC 180-A COMMERCE PARK DR WESTERVILLE OH 430826067 990 2017-01-01 316023946 MIDUSA CREDIT UNION INC MIDU 5134208640 3600 TOWNE BLVD MIDDLETOWN OH 45005 JAMES MILES CEO 5134208640 2018-11-05 ERIN ALDERSON EA P01231640 6148906620 2018-11-08 66.104.102.140 2018-11-14 13:27:25 CS P D23EF5D91A07FFE5CFCD32D7F8E5BA995150694A D23EF5D91A07FFE5CFCD32D7F8E5BA995150694A 2017 2019-02-21 02:37:17Z JAMES MILES 3600 TOWNE BLVD MIDDLETOWN OH 45005 9964393 false X WWW.MIDUSACU.ORG X 1934 PROVIDE FINANCIAL SERVICES TO MEMBERS. 7 7 48 7 131473 -90899 0 8865936 9179790 543612 784603 63394 0 9472942 9964393 0 790237 3258366 3240633 0 0 5635671 5033805 8894037 9064675 578905 899718 205510472 215080273 184998163 193800890 20512309 21279383 TO ASSIST MEMBER OWNERS IN GAINING PERSONAL FINANCIAL SUCCESS BY PROVIDING AND PROMOTING THE USE OF FINANCIAL SERVICES WHICH FEATURE BENEFITS AND ADVANTAGES OVER THOSE AVAILABLE FROM OTHER COMPETITIVE SOURCES. false false DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 29,180 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 15,394 MEMBERS. DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS. DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNTS ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS. false false false false false false false false false true true false false true true true 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 false 1988 0 true 48 true true true false false false false false X 7 7 false false false false true true true true true false true true true true true true true true true true false X MARK WINTZINGER 5134208640 3600 TOWNE BOULEVARD MIDDLETOWN OH 45005 PETE WOLFINBARGER CHAIRMAN 1.00 X X 0 0 0 ELBERT TANREUTHER VICE CHAIRMA 1.00 X X 0 0 0 JAMES KRAFT ASSISTANT SE 1.00 X X 0 0 0 RICHARD GRISS DIRECTOR X 0 0 0 RICHARD BOEHM DIRECTOR X 0 0 0 ROGER LAWSON DIRECTOR X 0 0 0 LEO KOCH DIRECTOR X 0 0 0 JAMES MILES CEO 40.00 X 276680 0 28679 TIM LEE EXECUTIVE VP 40.00 X 165413 0 27198 MARK WINTZINGER VP FINANCE A 40.00 X 126909 0 31128 569002 87005 3 false true false CU ANSWERS 6000 28TH STREET SE SUITE 100 GRAND RAPIDS MI 49546 DATA PROCESSING 701526 ANTHEM BLUE CROSS BLUE SHIELD P B BOX 105673 ATLANTA GA 30348 HEALTH INS 556009 VANTIV 5050 KINGSLEY DRIVE CINCINNATI OH 45263 ATM/DEBIT CARD 548173 FOUR SEASONS 43 NEW GARVER RD MONROE OH 45050 BUILDING MAINT. 167959 CORNELIUS SYSTEMS 3966 11 MILE ROAD MERKLEY MI 48072 SECURITY CAMERA 129309 5 INTEREST INCOME 522100 6186303 6186303 OTHER OPERATING INCOME 522100 1491298 1491298 FEES & COMMISSIONS 522100 1370716 1370716 NON-MEMBER ATM FEES 900099 131473 131473 9179790 784603 784603 9964393 9048317 131473 784603 790237 656007 1699663 104504 605286 175173 1855 72000 311340 380777 712512 470492 34408 66887 37531 375048 PROVISION FOR LOAN LOSS 1092883 ATM EXPENSES 546981 LOAN SERVICING 366330 CORE DATA PROCESSING 273162 291599 9064675 0 0 0 1223220 2145163 15247193 9432645 143795632 141309737 17196503 10811110 6467613 6385393 26330242 49690506 12446572 6116829 205510472 215080273 864968 11715516 184133195 182085374 184998163 193800890 X 20512309 21279383 20512309 21279383 205510472 215080273 899718 -132644 X false true X true 898900 898900 8150712 3868210 4282502 8146891 6942900 1203991 6385393 INVESTMENTS 43673688 C CERTIFICATES OF DEPOSIT 3980000 C OTHER INVESTMENTS 1136818 C CORP CREDIT UNION INVESTMENTS 900000 C 49690506 MEMBER SHARES 182085374 182085374 X 9964393 9964393 9964393 9064675 9064675 9064675 SCHEDULE D, PAGE 3, PART X THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL AND STATE INCOME TAXES EXCEPT FOR CERTAIN CHARGES SUCH AS NON-MEMBER ATM FEES WHICH HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE, IN TECHNICAL ADVICE MEMORANDUMS RELEASED IN MARCH 2007, TO BE UNRELATED TO THE SPECIFIC ENTITY'S EXEMPT PURPOSE. AS PRESENTED IN THE TECHNICAL ADVICE MEMORANDUMS, THE NET TAXABLE INCOME FROM THESE CHARGES IS SUBJECT TO INCOME TAXES UNDER THE UNRELATED BUSINESS INCOME TAX REGULATIONS. TAX RETURNS WERE TIMELY FILED FOR 2016 AND THIS YEAR'S RETURN (2017) WILL BE FILED BY NOVEMBER 15, 2018. AN ESTIMATED LIABILITY HAS NOT BEEN RECOGNIZED IN THE FINANCIAL STATEMENTS BECAUSE THE TAXES DUE ARE NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS. X X true true false true false JAMES MILES CEO 236751 38700 1229 17073 11606 305359 TIM LEE EXECUTIVE VP 131621 32100 1692 10277 16921 192611 MARK WINTZINGER VP FINANCE AND ACCOU 100651 24500 1758 9035 22093 158037 SCHEDULE J, PART III THERE IS A 457F PLAN IN PLACE FOR JAMES MILES, THE CEO, WHICH CALLED FOR A PAYMENT OF 250,000 AT THE END OF THE 5TH YEAR OF THE PLAN WITH A FINAL PAYOUT IN THE 10TH YEAR OF THE PLAN. THE AMOUNT OF THE PAYOUT WILL BE DETERMINED BASED ON THE EARNINGS OF THE PLAN. FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION HAS APPROXIMATELY 15,394 MEMBER OWNERS FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS. EACH MEMBER HAS ONE VOTE REGARDLESS OF THE BALANCE IN THEIR ACCOUNT. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN TRANSACTIONS AND CHANGES TO THE CODE OF REGULATIONS ARE SUBJECT TO MEMBER APPROVAL. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY BOTH THE CEO AND THE VP OF FINANCE PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE QUESTIONNAIRE AND POLICY ARE REAFFIRMED ANNUALLY. THE QUESTIONNAIRE IS GIVEN TO THE BOARD OF DIRECTORS AND ALL EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 15A THE CEO'S COMPENSATION IS REVIEWED BY THE BOARD OF DIRECTORS ANNUALLY. THE BOARD USES A THIRD PARTY CONSULTANT TO REVIEW COMPARABLE SALARIES. FORM 990, PAGE 6, PART VI, LINE 15B OTHER OFFICERS' COMPENSATION IS REVIEWED AND SET BY THE CEO ANNUALLY WITHIN A BUDGET SET BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC