2018-10-15T15:30:23-05:00 2017-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2017-01-01 386140970 CREDIT UNION CHARTERED IN THE STATE OF M COMMUNITY ALLIANCE CREDIT UNION CRED 8002870046 39500 HIGH POINTE BLVD NO 200 NOVI MI 48375 ANDREA BADICS CFO 8002870046 2018-10-15 1 ROBIN D HOAG CPA P00360662 2482443000 64.95.240.2 2018-10-15 15:11:09 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7DB26C3BB201601930FCFA0C4651552B54C26A2 2017 2018-06-14 16:35:46Z MICHELE WOLLARD 39500 HIGH POINTE BLVD STE 200 NOVI MI 48375 7343984 0 1359 X WWW.COMMUNITYALLIANCECU.ORG X 1966 MI THE PURPOSE OF COMMUNITY ALLIANCE CREDIT UNION IS TO PROVIDE COMPETITIVE DEPOSIT AND LOAN PRODUCTS TO THEIR MEMBERSHIP ACCORDING TO THE MICHIGAN CREDIT UNION ACT. 10 9 47 10 51022 -171099 0 0 7345109 7177925 110298 115037 44276 51022 7499683 7343984 0 0 0 0 2579356 2757110 0 0 0 5173397 4427253 7752753 7184363 -253070 159621 104957517 103974292 96320872 95179370 8636645 8794922 THE PURPOSE OF COMMUNITY ALLIANCE CREDIT UNION IS TO PROVIDE COMPETITIVE DEPOSIT AND LOAN PRODUCTS TO THEIR MEMBERSHIP ACCORDING TO THE MICHIGAN CREDIT UNION ACT. 0 0 MEMBER LOANS OVERDRAFT PROTECTION MEMBER DEPOSITS 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1425 0 1 47 1 1 1 0 0 0 0 0 X 10 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHELE WOLLARD 8002870046 39500 HIGH POINTE BLVD STE 200 NOVI MI 48375 WILLIAM FIELDER DIRECTOR 1.00 X 0 0 0 MARK LABERGE DIRECTOR 1.00 X 0 0 0 RICHARD ZALEWSKI DIRECTOR 1.00 X 0 0 0 JOYCE HASSEN CHAIRPERSON 1.00 X 0 0 0 CHRISTIAN MATTOON VICE CHAIRPERSON 1.00 X 0 0 0 EDWARD BUISON DIRECTOR 1.00 X 0 0 0 KATHY RAYMOR SECRETARY 1.00 X 0 0 0 MARIAN STEFFAN DIRECTOR 1.00 X 0 0 0 MICHELE WOLLARD CEO 48.00 X 158697 0 34412 ANDREA BADICS CFO 48.00 X 111500 0 28685 CHRIS MAYNARD EVP/COO 48.00 X 106062 0 13537 376259 0 76634 3 0 1 0 FIS PO BOX 4535 CAROL STREAM IL 60197 CREDIT CARD PROCESSING 172819 39500 HIGH POINTE LLC 39500 HIGH POINTE SUITE 310 BIRMINGHAM MI 48009 BUILDING RENT 166018 CO-OP FINANCIAL SERVICES 9692 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 ATM AND DEBIT 138709 MEMBER DRIVEN TECHNOLOGIES 30230 ORCHARD LAKE ROAD FARMINGTON HILLS MI 48334 CORE PROCESSING 125467 4 LOANS RECEIVABLE 522100 5692697 5692697 FEE INCOME 522100 1485228 1485228 7177925 115037 115037 NON-MEMBER ATM FEES 525990 51022 51022 51022 7343984 7292962 51022 0 X 333294 1689996 178338 347664 207818 3022 49715 158585 173437 447609 411557 216654 37461 39495 530312 7550 123670 LOAN SERVICING 854589 PROVISION FOR LOAN LOSS 772957 ATM/CREDIT CARD/DEBIT E 505711 MISCELLANEOUS EXPENSE 63776 31153 7184363 339049 326180 6753994 3917396 92172948 94507565 4301517 1268816 3086217 3032701 900035 382200 1705274 1808250 104957517 103974292 946504 1207848 5000000 5000000 90374368 88971522 96320872 95179370 X 0 0 0 0 8636645 8794922 8636645 8794922 104957517 103974292 159621 -1344 0 X X 0 1 X 1 0 1529932 1529932 1593508 373016 1220492 555295 422242 133053 622782 473558 149224 3032701 MEMBERS SHARE ACCOUNTS 88971522 88971522 X 7343984 0 7343984 0 7343984 7184363 0 7184363 0 7184363 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES AND STATE INCOME TAX. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. MANY STATES HAVE SIMILAR LAWS. THE SPECIFIC APPLICATION OF SECTION 512 TO THE VARIOUS ACTIVITIES CONDUCTED BY STATE-CHARTERED CREDIT UNIONS HAS BEEN AN ISSUE FOR MANY YEARS. IN 2007, THE INTERNAL REVENUE SERVICE ("IRS") ISSUED A SERIES OF TECHNICAL ADVICE MEMORANDA ("TAM") TO A NUMBER OF STATE-CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN THESE TAMS, THE IRS RULED CERTAIN PRODUCTS AND SERVICES TO BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN LIGHT OF THE TAMS, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS. THE CREDIT UNION'S OPEN AUDIT PERIODS INCLUDE 2013 - 2016. X X X X 0 0 0 MICHELE WOLLARD CEO 158697 0 0 0 0 0 18626 0 15786 0 193109 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 EVERY INDIVIDUAL THAT HAS AN ACCOUNT WITH THE CREDIT UNION IS CONSIDERED A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A EVERY MEMBER IS ALLOWED TO VOTE FOR THE GOVERNING BODY AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN STRATEGIC DECISIONS DECIDED BY THE BOARD ARE APPROVED BY MEMBERS (MERGER, CHARTER CHANGE, ETC.). DAY TO DAY OPERATIONAL DECISIONS DELEGATED TO MANAGEMENT ARE NOT SUBJECT TO APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE SUPERVISORY COMMITTEE AND CFO WILL REVIEW THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES ARE ASKED ANNUALLY TO UPDATE THEIR ACCOUNTS WHICH THEY HAVE ACCESS TO, TO MAKE SURE THE CORE PROCESSOR HAS THE INFORMATION TO BLOCK THOSE TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION USES A THIRD PARTY SOFTWARE PROGRAM TO COMPARE LOCAL SALARIES AND INCREASES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST ONLY. FORM 990, PART IX, LINE 24E REPAIRS AND MAINTENANCE 31,153. FORM 990, PART XII, LINE 2C THE PROCESS OF WHICH THE ORGANIZATION'S COMMITTEE OVERSEES THE AUDIT OF ITS FINANCIAL STATMENTS HAS NOT CHANGED SINCE THE PRIOR YEAR. FORM 990, PART XII, LINE 2B: AUDITED FINANCIAL STATEMENTS ARE DONE ON A FISCAL YEAR-END AND TAX REPORTING IS REQUIRED ON A CALENDAR YEAR-END.