2018-10-30T11:31:42-05:00 2017-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2017-01-01 381628275 ALLIANCE CATHOLIC CREDIT UNION ALLI 8779502228 26913 NORTHWESTERN HWY NO 520 SOUTHFIELD MI 48033 DANIEL DAVIDSON II SVP/CFO 4323335600 2018-10-24 1 JOSEPH ZITO CPA P00648440 2482443000 64.95.240.2 2018-10-24 09:36:37 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7DB26C3BB201601930FCFA0C4651552B54C26A2 2017 2019-02-21 02:37:17Z ROBERT GRECH 26913 NORTHWESTERN HWY SOUTHFIELD MI 48033 34366161 0 1359 X WWW.ALLIANCECCU.COM X 1956 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 7 7 130 7 120673 -50572 0 0 13997576 13900369 3283190 4151891 1746577 1558068 19027343 19610328 11250 32500 0 0 5983043 6482952 0 0 0 7986821 7704589 13981114 14220041 5046229 5390287 442686851 439337055 395697273 386769062 46989578 52567993 TO PROVIDE TRUSTED FINANCIAL SERVICES, INSPIRED BY CATHOLIC VALUES AND TRADITIONS, TO ENHANCE THE FINANCIAL WELL-BEING OF OUR CATHOLIC COMMUNITY AND THE NEIGHBORS WE SERVE. 0 0 PROVIDE 33,940 MEMBERS WITH REGULAR SHARES, CHRISTMAS CLUB, CHECKING, MONEY MARKET, CERTIFICATES OF DEPOSIT, AND IRA ACCOUNTS TOTALING 67,260. PROVIDE 18,737 LOANS INCLUDING NEW AND USED VEHICLES, REVOLVING CREDIT, TUITION, OVERDRAFT, COMMERCIAL, MORTGAGES, VISA AND STUDENT LOANS. OFFER ATM/DEBIT CARDS, WIRE TRANSFERS, MONEY ORDERS, COURTESY PAY, GIFT CARDS, BILL PAY, SAFE DEPOSIT RENTALS, CHECK CASHING, COIN COUNTING, SHARED BRANCHING, MOBILE BANKING AND VARIOUS INSURANCE PRODUCTS TO ALL ELIGIBLE MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7975 0 1 130 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X LESLIE RORIE 8779502228 26913 NORTHWESTERN HWY STE 520 SOUTHFIELD MI 48033 KURT J GODFRYD VICE CHAIRPERSON 2.00 X 0 0 0 JAMES HARTWIG TREASURER 2.00 X 0 0 0 PHILLIP D MOREY CHAIRPERSON 2.00 X 0 0 0 ROSE PAPP DIRECTOR 2.00 X 0 0 0 MARK VALERIUS DIRECTOR 2.00 X 0 0 0 RICHARD FRONCZAK SECRETARY 2.00 X 0 0 0 JOSEPH VALENTIC DIRECTOR 2.00 X 0 0 0 ROBERT GRECH CEO 40.00 X 352977 0 244766 DANIEL DAVIDSON SVP/CFO 40.00 X 206835 0 32469 JULIE KREINBRING EVP 40.00 X 228453 0 46081 KEITH BURKE VP OF INFORMATION & STRATEGIC GROWTH 40.00 X 111568 0 24718 DAVID REDMAN VP OF OPERATIONS 40.00 X 133896 0 32151 RANDALL RICHMOND VP OF LENDING 40.00 X 147587 0 32741 JAMES SCHRAM VP OF COMMERCIAL LENDING 40.00 X 110404 0 24356 KRIS PEGOUSKI MANAGER OF TECH SOLUTIONS 40.00 X 106821 0 27286 1398541 0 464568 11 0 1 0 MDT 30230 ORCHARD LAKE RD FARMINGTON HILLS MI 48334 DATA PROCESSOR 779932 FIS PO BOX 4535 CAROL STREAM IL 601974535 CREDIT CARD PROCESSOR 410240 2 INTEREST INCOME ON LOANS 522100 9375372 9375372 FEES/CHARGES 522100 4524997 4524997 13900369 4129323 4129323 18350 0 18350 18350 18350 14510934 267467 14516530 239303 -5596 28164 22568 22568 INCOME FROM CUSOS 522100 635890 635890 GAIN FROM MERGER ACQUISITION 522100 551361 551361 OTHER NON-OPERATING INCOME 522100 231794 231794 120673 120673 1539718 19610328 15341982 120673 4147673 32500 1111581 3712044 160741 1117563 381023 212974 58967 71504 236928 989746 707133 460346 23992 124202 587550 20300 484445 93244 DEBIT/VISA EXPENSES 1578721 TRAINING/DEVELOPMENT/ED 605582 LOAN SERVICING 567635 OTHER LOSSES 350806 530514 14220041 2690214 3095452 15597328 14534018 3147988 2420700 189934359 195940008 1255023 1530372 13629381 5434608 8397279 8194773 205686501 196191925 15978159 17429807 442686851 439337055 2579035 3337719 393118238 383431343 395697273 386769062 X 0 0 0 0 46989578 52567993 46989578 52567993 442686851 439337055 5390287 188128 0 X X 0 1 X 1 0 2761083 2761083 7256485 2453950 4802535 3611813 2980658 631155 8194773 MEMBER CAPITAL SHARE DEPOSIT 600000 C INVESTMENTS 195591925 F 196191925 MEMBER SHARES 383431343 383431343 X 19610328 0 19610328 0 19610328 14220041 0 14220041 0 14220041 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE NET UNRELATED BUSINESS INCOME TAX IS IMMATERIAL TO THE FINANCIAL STATEMENTS AS A WHOLE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CREDIT UNION AND RECOGNIZE A TAX LIABILITY IF THE CREDIT UNION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CREDIT UNION AND HAS CONCLUDED THAT AS OF SEPTEMBER 30, 2017 AND 2016, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CREDIT UNION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2014. 1 SCHOLARSHIPS TO CATHOLIC SCHOOL FAMILIES AND HIGH SCHOOL SENIORS. 32 32500 PART I, LINE 2: THE CREDIT UNION CHOOSES SCHOLARSHIP RECIPIENTS BASED ON CERTAIN CRITERIA AND KEEPS SUPPORTING DOCUMENTS FOR THEIR DECISIONS. X X X X 0 1 0 ROBERT GRECH CEO 296416 0 56000 0 561 0 206273 0 38493 0 597743 0 0 0 DANIEL DAVIDSON SVP/CFO 182351 0 24450 0 34 0 6823 0 25646 0 239304 0 0 0 JULIE KREINBRING EVP 200742 0 27150 0 561 0 7730 0 38351 0 274534 0 0 0 DAVID REDMAN VP OF OPERATIONS 113176 0 18306 0 2414 0 4579 0 27572 0 166047 0 0 0 RANDALL RICHMOND VP OF LENDING 121155 0 24884 0 1548 0 5032 0 27709 0 180328 0 0 0 PART I, LINE 4B ROBERT GRECH, CEO PARTICIPATES IN A NON-QUALIFIED VARIABLE ANNUITY DEFERRED COMPENSATION ARRANGEMENT. THE CREDIT UNION CONTRIBUTED $194,694 TO THE PLAN DURING 2017. 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 BOARD MEMBERS ARE ELECTED BY MEMBER VOTE FOR 3 YEAR TERMS. FORM 990, PART VI, SECTION A, LINE 7B MERGERS MUST BE APPROVED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE CFO PRIOR TO FILING AND IS PRESENTED TO THE BOARD OF DIRECTORS AT THE NEXT SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD DISCLOSES ANNUALLY AT THE ORGANIZATIONAL MEETING AS PART OF THE DIRECTORSHIP POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CEO IS REVIEWED BY A COMPENSATION COMMITTEE WHICH USES HRN, AN INDEPENDENT CONSULTANT, AND COMPEASE COMPENSATION SURVEY TO DETERMINE A WRITTEN CONTRACT THAT IS APPROVED BY THE BOARD OF DIRECTORS. THIS PROCESS WAS LAST COMPLETED IN 2017. KEY EMPLOYEES WERE REVIEWED BY THE CEO IN 2017. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY. ALL OTHER GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART XI, LINE 2B: AUDITED FINANCIAL STATEMENTS ARE PREPARED ON A FISCAL YEAR BASIS AS OF SEPTEMBER 30 BUT TAX REPORTING IS REQUIRED ON A CALENDAR YEAR-END. FORM 990, PART XI, 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.