2018-10-26T21:39:21-05:00 2017-12-31 382492570 DOEREN MAYHEW 305 W BIG BEAVER ROAD TROY MI 48084 990 2017-01-01 381395220 FINANCIALEDGE COMMUNITY CREDIT UNION FINA 9898926088 1199 S EUCLID AVE BAY CITY MI 48706 JEREMY COBERLEY PRESIDENT/CEO 9898926088 2018-10-25 1 JACK TRACY P01974742 2482443000 40.141.134.7 2018-10-25 13:01:52 ED P 5C10503600C6A44598C4573B9F16AA1A88D12859 EEF4FE8CDEF09A7814C765BD24A2772B28E60280 2017 2018-06-14 16:35:46Z JEREMY COBERLEY 1199 S EUCLID AVE BAY CITY MI 48706 5207799 0 X WWW.FINEDGECU.ORG X CREDIT UNION 1950 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 8 8 40 8 26789 -11314 0 0 4461066 4669159 338522 379682 0 0 4799588 5048841 0 0 0 0 1916986 1929724 0 0 0 2461243 2455433 4378229 4385157 421359 663684 88727949 92466467 79721755 82860238 9006194 9606229 X FINANCIALEDGE IS COMMITTED TO PROVIDING EXCEPTIONAL SERVICE. WE VALUE MEMBERS' FINANCIAL WELL-BEING AND STRIVE TO HELP THEM ACHIEVE THEIR FINANCIAL GOALS. WE COMBINE PERSONAL SERVICE WITH MODERN TECHNOLOGY; CONTINUOUSLY PROVIDING MEMBERS WITH MORE CONVENIENT WAYS TO HANDLE THEIR FINANCES. 0 0 PROVIDE 8,934 MEMBERS WITH REGULAR SAVINGS, SHARE DRAFTS, CERTIFICATES OF DEPOSIT, IRA AND MONEY MARKET ACCOUNTS TOTALING 18,555. PROVIDE 5,219 LOANS INCLUDING VEHICLE, OVERDRAFT PROTECTION, MORTGAGE, HOME EQUITY, SIGNATURE, CREDIT CARD, PARTICIPATION, AND RECREATIONAL VEHICLE LOANS. OFFER AUTOMATED TELLER MACHINES, DEBIT CARDS, MONEY ORDERS, TRAVELERS CHECKS, BILL PAY, AND VARIOUS INSURANCE PROGRAMS. 0 0 0 0 0 0 0 0 0 1 1 1 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 2386 0 1 40 1 1 1 0 0 0 0 0 X 8 8 1 0 0 0 1 1 0 1 1 0 0 0 1 1 0 0 0 1 0 0 X FINANCIALEDGE COMMUNITY CREDIT UNION 9898926088 1199 S EUCLID AVE BAY CITY MI 48706 NORMA FELKER CHAIRPERSON 2.00 X 0 0 0 JON MORSE VICE CHAIRPERSON 2.00 X 0 0 0 KAY WAGNER SECRETARY/TREASURER 2.00 X 0 0 0 MICHELLE RICHARDSON DIRECTOR 2.00 X 0 0 0 GARY KEIPERT DIRECTOR 2.00 X 0 0 0 JILL BIESEL DIRECTOR 2.00 X 0 0 0 BILL KEIPERT DIRECTOR 2.00 X 0 0 0 JUDY SKORNIA DIRECTOR 2.00 X 0 0 0 JEREMY COBERLEY PRESIDENT/CEO 45.00 X 149384 0 34565 149384 0 34565 1 0 1 0 FISERV 255 FISERV DRIVE BROOKFIELD MI 53045 DEBIT AND CREDIT CARD PROCESSING 189537 SHARE ONE 2650 THOUSAND OAKS BLVD SUITE 112 MEMPHIS TN 38118 DATA PROCESSING 120047 2 LOAN INTEREST INCOME 522100 3143391 3143391 FEE AND OTHER INCOME 522100 1498979 1498979 NON-MEMBER INSURANCE I 524298 15809 15809 NON-MEMBER ATM INCOME 900099 9452 9452 UNRELATED SPRINT INCOM 517000 1528 1528 4669159 394877 394877 143763 158958 -15195 -15195 -15195 5048841 5022052 26789 0 X 183949 1341566 86948 201938 115323 642713 136350 226660 119422 200210 7639 47106 218522 327705 51742 LOAN SERVICING 336888 PROVISION FOR LOAN LOSS 94200 EXAMINATION FEES 22623 MISCELLANEOUS EXPENSES 18150 5503 4385157 992431 999187 70627 81859 57114723 60825100 181245 134762 5347163 1607603 4039156 3739560 16131459 18348046 9004907 7110691 1193401 1227262 88727949 92466467 876290 978282 78845465 81881956 79721755 82860238 X 0 0 0 0 9006194 9606229 9006194 9606229 88727949 92466467 663684 -63649 0 X X 0 1 X 1 0 319039 319039 3579678 894678 2685000 1448446 712925 735521 3739560 CERTIFICATES OF DEPOSIT 7889000 C CERTIFICATES OF DEPOSIT-AFS 9784850 F CORPORATE BONDS-AFS 301646 F FHLB STOCK 261300 C CU SOLUTIONS GROUP STOCK 91250 C CO-OP NETWORK 20000 C 18348046 ALLOYA CORPORATE FEDERAL CREDIT UNION 7110691 C 7110691 MEMBER SHARES AND DEPOSITS 81881956 81881956 X 5048841 0 5048841 0 5048841 4385157 0 4385157 0 4385157 PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL AND STATE INCOME TAXES, BUT STILL MAY BE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UNRELATED BUSINESS INCOME IS INCOME FROM A TRADE OR BUSINESS REGULARLY CARRIED ON BY A TAX EXEMPT ORGANIZATION THAT IS NOT SUBSTANTIALLY RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE. X X 0 0 0 JEREMY COBERLEY PRESIDENT/CEO 134471 0 11213 0 3700 0 18080 0 16485 0 183949 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS BILL AND GARY KEIPERT ARE BROTHERS. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE, AND VOTING. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED AT THE ANNUAL MEETING. EACH BOARD MEMBER IS ELECTED FOR A THREE YEAR TERM. FORM 990, PART VI, SECTION B, LINE 11B A REVIEW IS CONDUCTED BY THE PRESIDENT/CEO AND THE 990 IS MADE AVAILABLE TO THE BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS COMPLETES A PERFORMANCE APPRAISAL OF THE PRESIDENT/CEO, ANNUALLY. THE PRESIDENT/CEO IS UNDER A CONTRACT WHICH IS ALSO BOARD APPROVED. SALARY INCREASES ARE BASED ON PERFORMANCE. SALARIES OF ALL OTHER PERSONNEL ARE BOARD APPROVED AS WELL. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY. OTHER DOCUMENTS AND POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL & OUTSIDE SERVICES 228,978. ATM/DEBIT CARD EXPENSE 413,735. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.