2018-11-09T16:26:46-06:00 2017-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2017-01-01 381686050 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN CRED 2693829845 550 S RIVERVIEW DRIVE PARCHMENT MI 49004 JEFF FIELDER EVP OF FINANCE 8442384228 2018-11-09 1 DOUGLAS J ORTH P01076394 3052328272 64.95.240.2 2018-11-09 15:38:23 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7DB26C3BB201601930FCFA0C4651552B54C26A2 2017 2019-02-21 02:37:17Z ADVIA CREDIT UNION CHERYL DEBOER 550 S RIVERVIEW DRIVE PARCHMENT MI 49004 93303094 0 X WWW.ADVIACU.ORG X 1935 MI PROVIDE COMPETITIVE DEPOSIT AND LOAN PRODUCTS TO OUR MEMBERSHIP BASE. 7 7 667 10 324435 -32865 0 0 66262384 89164382 4690438 3904838 2837259 233874 73790081 93303094 0 0 0 0 24636361 30813215 0 0 0 37611201 49780823 62247562 80594038 11542519 12709056 1347691760 1683958871 1197264593 1515981099 150427167 167977772 PROVIDE COMPETITIVE DEPOSIT AND LOAN PRODUCTS TO OUR MEMBERSHIP BASE. 0 0 TO PROVIDE FINANCIAL ADVANTAGES TO OUR MEMBERS THROUGH THE OFFERING OF A FULL RANGE OF FINANCIAL PRODUCTS AND SERVICES. 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 38903 0 1 667 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JEFF FIELDER 2693829845 550 S RIVERVIEW DRIVE PARCHMENT MI 49004 MARTY DOORN CHAIRMAN/BOD 1.00 X 0 0 0 JULIE BIRMAN DIRECTOR/BOD 1.00 X 0 0 0 DANIELLE STREED TREASURER/BOD 1.00 X 1226 0 0 NICOLE KALMBACH V. CHAIR/BOD 1.00 X 0 0 0 MIKE SEGAL DIRECTOR 1.00 X 0 0 0 DONNA KALMETA SECRETARY/BOD 1.00 X 0 0 0 RICH SEIM DIRECTOR 1.00 X 955 0 0 CHERYL KONCSOL PRESIDENT/CEO 40.00 X 1113902 0 71547 JEFFREY FIELDER EVP OF FINANCE 40.00 X 264479 0 53091 KRISTIN MARSCHNER EVP OF RISK MANAGE 40.00 X 242003 0 22378 RAYMOND BLACK EVP OF MEMBER SERVICE & MARKETING 40.00 X 226402 0 22077 TIMOTHY MERWIN EVP OF LENDING 40.00 X 210178 0 28157 LINDEN BUCK II VP OF INDIRECT RELATIONSHIPS 40.00 X 223922 0 29155 MURALI KRISHNAN VP OF INFORMATION TECHNOLOGY 40.00 X 191995 0 30153 STEPHANIE DAVIS MANAGER OF CARD SERVICES 40.00 X 176791 0 23447 MARION BRENNER VP OF BRANCH EXPERIENCE SUPPORT 40.00 X 162379 0 29035 RENAE SISK VP OF HUMAN RESOURCES 40.00 X 161044 0 21772 2975276 0 330812 10 0 1 0 JAMES AND MATTHEW COMPANY 2 SHAKER RD STE D220 SHIRLEY MA 01464 MARKETING & PRINTING EXP 1757364 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 SOFTWARE PROVIDER 1650421 LENDING SOLUTIONS CONSULTING 2200 POINT BLVD ELGIN IL 60123 LENDING SERVICES 910101 RIVER RUN PRESS 600 SHOPPERS LN PARCHMENT MI 49004 PRINTING SERVICES 882713 CDW PO BOX 75723 CHICAGO IL 60675 IT EQUIPMENT PROVIDER 747035 43 INCOME FROM LOANS 522100 61436799 61436799 FEES AND CHARGES 522100 15759374 15759374 OTHER INCOME 522100 11643774 11643774 UNRELATED BUSINESS INCOME 900099 324435 324435 89164382 3904838 3904838 CUSO INVESTMENT 522100 233874 233874 233874 93303094 92978659 324435 0 X 2256395 21808851 1780550 3191428 1775991 191606 678916 70049 17456 380737 2311158 5282421 3578461 2453906 500283 8794097 79306 4288736 259969 PROVISION FOR LOAN LOSS 9404887 LOAN SERVICING 5648303 ATM EXPENSES 2522884 DEBIT/CREDIT CARD EXPEN 2143797 1173851 80594038 14580570 17056505 20489704 48498949 6850000 8571565 1063240775 1368899779 2267322 2634156 42979796 14136393 22727037 28843403 145000317 105696911 39406453 63013095 10396585 18463102 22732997 22281406 1347691760 1683958871 13566094 16783530 60300000 107096340 1123398499 1392101229 1197264593 1515981099 X 0 0 0 0 150427167 167977772 150427167 167977772 1347691760 1683958871 X 12709056 -158451 5000000 X X 0 1 X 1 0 6880328 6880328 18249766 5147921 13101845 170838 170838 0 17678864 8817634 8861230 28843403 SAVINGS AND CLUB 330908094 MONEY MARKET 412463641 SHARE DRAFT 349812626 CERTIFICATES 265108512 IRA CERTIFICATES 33808356 1392101229 X 93303094 0 93303094 0 93303094 80594038 0 80594038 0 80594038 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED 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 DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2016, 2015, AND 2014 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. X X 1 1 X X X X 0 1 0 CHERYL KONCSOL PRESIDENT/CEO 543139 0 181366 0 389397 0 44600 0 26947 0 1185449 0 0 0 JEFFREY FIELDER EVP OF FINANCE 205864 0 52616 0 5999 0 37500 0 15591 0 317570 0 0 0 KRISTIN MARSCHNER EVP OF RISK MANAGE 192575 0 43778 0 5650 0 1108 0 21270 0 264381 0 0 0 RAYMOND BLACK EVP OF MEMBER SERVICE & MARKETING 182581 0 41813 0 2008 0 11590 0 10487 0 248479 0 0 0 TIMOTHY MERWIN EVP OF LENDING 160598 0 42543 0 7037 0 16314 0 11843 0 238335 0 0 0 LINDEN BUCK II VP OF INDIRECT RELATIONSHIPS 61329 0 160074 0 2519 0 14383 0 14772 0 253077 0 0 0 MURALI KRISHNAN VP OF INFORMATION TECHNOLOGY 158136 0 30273 0 3586 0 19000 0 11153 0 222148 0 0 0 STEPHANIE DAVIS MANAGER OF CARD SERVICES 101424 0 72768 0 2599 0 11728 0 11719 0 200238 0 0 0 MARION BRENNER VP OF BRANCH EXPERIENCE SUPPORT 131683 0 25329 0 5367 0 15683 0 13352 0 191414 0 0 0 RENAE SISK VP OF HUMAN RESOURCES 131118 0 24662 0 5264 0 19700 0 2072 0 182816 0 0 0 PART I, LINE 4B CERTAIN INDIVIDUALS FROM THE CREDIT UNION'S EXECUTIVE MANAGEMENT TEAM PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). DURING 2017, THE CREDIT UNION ACCCRUED FOR SERP BENEFITS FOR CHERYL DEBOER, JEFF FIELDER, AND KRISTIN MARSHNER IN THE AMOUNTS OF $204,603, $47,042 AND $38,594, RESPECTIVELY. ADDITIONALLY, DURING 2017 THE CREDIT UNION PAID OUT $383,664 IN RETIREMENT BENEFITS TO THE PRESIDENT/CEO, A PORTION OF WHICH WAS ACCRUED FOR DURING THE PRIOR YEAR. THIS PAYOUT IS INCLUDED IN THE CEO'S 2017 W-2 COMPENSATION. CHERYL DEBOER PRESIDENT & CEO TO FUND LIFE INSURANCE POLICY X 5400000 5710858 0 1 1 JEFF FIELDER EVP OF FINANCE TO FUND LIFE INSURANCE POLICY X 1450000 1533471 0 1 1 KRISTIN MARSCHNER EVP OF RISK MANAGEMENT TO FUND LIFE INSURANCE POLICY X 1300000 1327236 0 1 1 8571565 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ARE ALLOWED TO ELECT DIRECTORS OF THE GOVERNING BODY. 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 FORM 990 IS PROVIDED TO THE SUPERVISORY COMMITTEE FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS ABSTAIN FROM ANY VOTING WHERE A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 A COMMITTEE OF THE BOARD PREPARES A WRITTEN EVALUATION OF THE CEO AND OBTAINS COMPARABLE SURVEYS. FORM 990, PART VI, SECTION C, LINE 19 RECORDS ARE MADE AVAILABLE IN ACCORDANCE WITH THE MICHIGAN CREDIT UNION ACT AND NCUA RULES AND REGULATIONS. FORM 990, PART IX, LINE 24E MAINTENANCE 593,686. OTHER OPERATING EXPENSES 452,124. TRAINING/BUSINESS DEVELOPMENT 128,041. FORM 990, PART XI, LINE 9: EQUITY ACQUIRED THROUGH MERGER 5,000,000. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.