2018-05-16T07:15:46-05:00 2017-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2017-01-01 381475121 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN CRED 7346767000 23670 TELEGRAPH ROAD BROWNSTOWN MI 48134 VINCENT NEYLAND CFO 7346767000 2018-05-16 1 JOSEPH A ZITO P00648440 2482443000 104.11.88.150 2018-05-16 07:15:00 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 DE5E4FA3AFAE6B6DF116BB3D1B5E583D800B778D 2017 2018-06-14 16:35:46Z ADVANTAGE ONE CREDIT UNION CHRISTOPHER D CORKERY 23670 TELEGRAPH ROAD BROWNSTOWN MI 48134 12400707 0 X WWW.MYAOCU.COM X 1952 MI THE MISSION OF ADVANTAGE ONE CU IS TO OPERATE IN A SAFE AND SOUND MANNER WHILE MEETING THE FINANCIAL NEEDS OF ITS MEMBERSHIP. 9 9 77 10 157830 -174611 0 0 3797616 8128247 299764 614747 76528 157830 4173908 8900824 0 0 0 0 1506772 3450371 0 0 0 2286522 5096411 3793294 8546782 380614 354042 135759202 139551969 121807832 125327041 13951370 14224928 THE MISSION OF ADVANTAGE ONE CU IS TO OPERATE IN A SAFE AND SOUND MANNER WHILE MEETING THE FINANCIAL NEEDS OF ITS MEMBERSHIP. 0 0 LENDING PROGRAM FROM VARIOUS LOAN PRODUCTS SAW 14.5% GROWTH IN A LOAN PORTFOLIO THAT HAD A GROSS OUTSTANDING PRINCIPAL BALANCE OF $96.5 MILLION FOR THE PERIOD. DIRECT EXPENSES ASSOCIATED WITH THE LOAN PROGRAM (NOT INCLUDING EMPLOYEES' WAGES AND BENEFITS) AMOUNTED TO $727,359 FOR THE PERIOD. DEBIT CARD PROGRAM SAW PORTFOLIO GROWTH OF 7.6% TO 9,138 OPEN DEBIT CARDS. TOTAL DIRECT EXPENSES ASSOCIATED WITH THE ADMINISTRATION OF THIS PROGRAM (NOT INCLUDING EMPLOYEES' WAGES AND BENEFITS) AMOUNTED TO $518,426 FOR THE PERIOD. COURTESY PAY PROGRAM PROVIDES SERVICE TO THOSE MEMBERS WITH INSUFFICIENT FUNDS IN THEIR SAVINGS ACCOUNTS BY PAYING THE ITEM FOR THEM FOR A FEE. THE COST ASSOCIATED WITH THIS PROGRAM FROM LOST FEES OR UNPAID NEGATIVE BALANCES AMOUNTED TO $48,165. 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 3015 0 1 77 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X VINCENT J NEYLAND 7346753757 23670 TELEGRAPH ROAD BROWNSTOWN MI 48134 RICHARD E LINDERMANN CHAIRPERSON 1.00 X 0 0 0 ELMER TROMBELY DIRECTOR 1.00 X 0 0 0 ROBERT J MATTERN TREASURER 1.00 X 0 0 0 ANTHONY PASCARELLA SECRETARY 1.00 X 0 0 0 JERRY UCHTORFF DIRECTOR 1.00 X 0 0 0 RORY RENAUD VICE CHAIRPERSON 1.00 X 0 0 0 MARK RAGSDALE DIRECTOR 1.00 X 0 0 0 MARTIN N BERTERA AUDIT COMMITTEE MEMBERS 1.00 X 0 0 0 SUSAN TRUSSELL AUDIT COMMITTEE MEMBERS 1.00 X 0 0 0 CHRISTOPHER CORKERY CEO 50.00 X 185188 0 18892 VINCENT NEYLAND CFO 60.00 X 128423 0 12292 DWIGHT EMANUEL CLO 50.00 X 113354 0 8668 JESSICA BAREFOOT COO 50.00 X 96500 0 13064 523465 0 52916 3 0 1 0 COOP FINANCIAL SERVICES 9692 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 CARD PROCESSOR 498727 FISERV GALAXY 5600 CROOKS RD STE 101 TROY MI 48098 DATA PROCESSOR 280468 FIS 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204 CARD PROCESSOR 224000 3 INCOME ON LOANS 522100 5344046 5344046 FEES/CHARGES/OTHER 522100 2784201 2784201 8128247 627980 627980 3486650 3499883 -13233 -13233 -13233 NON-MEMBER ATM INCOME 900099 157830 157830 157830 8900824 8115014 157830 627980 576381 2125139 201362 334268 213221 147783 27178 399918 158988 482031 280468 364704 31468 5343 359945 8596 250602 70566 PROVISION FOR LOAN LOSS 1065576 LOAN SERVICING 626421 ATM/DEBIT/CREDIT FEES 498727 TRAINING/DEVELOPMENT/ED 129592 188505 8546782 4271762 4230181 2979000 3097000 744916 479408 83822411 95806141 358188 417722 4513652 0 4320738 4513652 36936634 22568507 433000 6421000 1892553 2018358 135759202 139551969 1303333 817314 120504499 124509727 121807832 125327041 X 0 0 0 0 13951370 14224928 13951370 14224928 135759202 139551969 354042 -80484 0 X X 0 1 X 1 0 1123759 1123759 2840607 2840607 549286 549286 4513652 MEMBER DEPOSITS 124509727 124509727 X 8900824 0 8900824 0 8900824 8546782 0 8546782 0 8546782 PART X, LINE 2: INCOME TAX IS NOT PROVIDED IN THE STATEMENTS OF INCOME AS THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES AND IS NOT REQUIRED TO FILE INCOME TAX RETURNS. X 1 1 X X 0 0 0 CHRISTOPHER CORKERY CEO 164000 0 9000 0 12188 0 13696 0 5196 0 204080 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ORGANIZATION VOTE FOR VOLUNTEERS, OR BOARD OF DIRECTORS, THROUGH AN ELECTION PROCESS CONDUCTED AT AN ANNUAL MEETING. 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 CEO AND CFO OVERSEE THE PREPARATION OF THE FORM 990 AS WELL AS THE REVIEW OF THE FORMS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C POLICIES ARE REVIEWED REGULARLY, REVISED AS NECESSARY AND PRESENTED TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMMITTEE COMPRISED OF THE BOARD OF DIRECTORS APPROVES THE CEO'S COMPENSATION. CEO APPROVES COMPENSATION OF OTHER OFFICERS/KEY EMPLOYEES AND ESTABLISHES TERM CONTRACTUAL AGREEMENTS AFTER NOTIFYING THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE CREDIT UNIONS CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: WE HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. OUR PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.