2017-05-02T12:28:57-07:00 2016-12-31 FINANCIAL STANDARDS GROUP INC 3615 NEWBURG RD LOUISVILLE KY 40218 990 2016-01-01 381735283 Credit Union Chartered in Michigan Upper Peninsula State Employees CU CRED 9067861146 PO Box 456 2501 1st Ave North Escanaba MI 49829 Raymond J Theoret CEO 2017-05-02 true Thomas Armantrout CPA P02039010 8005225820 2016 2021-01-29 14:40:06Z 4199530 false false X www.upscu.com X 1955 MI Provide financial services and products to members. 9 9 39 17 18200 -12643 0 3160239 3779416 38707 -30879 145514 194389 3344460 3942926 0 0 1274106 1575844 0 0 1713818 1865250 2987924 3441094 356536 501832 64952057 72014713 59553472 66154349 5398585 5860364 Provide financial services and products to members. false false The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2016 was 9,185. The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2016 was 6,340. false false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false true 1740 0 true 39 true true true false false false false false false false false false false X 9 9 false false false false true true true true true false true true false false false false false true true true false X Raymond J Theoret 9067861146 PO Box 456 2501 1st Ave North Escanaba MI 498290456 Howard Haulotte Chairman 1.00 0.00 X 0 0 0 Bruce Andrews Vice Chairman 1.00 0.00 X 0 0 0 Michael Lilliquist Director 1.00 0.00 X 0 0 0 Bob Chapman Treasurer 1.00 0.00 X 0 0 0 John Prokos Director 1.00 0.00 X 0 0 0 Gary Titus Director 1.00 0.00 X 0 0 0 Tamie Cunningham Director 1.00 0.00 X 0 0 0 Cheryl Bouche Secretary 1.00 0.00 X 0 0 0 Donald Charlevoix Director 1.00 0.00 X 0 0 0 Darcy McLean COO 40.00 0.00 X 137931 0 24057 Raymond J Theoret CEO 40.00 0.00 X 125158 0 35964 263089 60021 2 false true false Fiserv 75 Remittance Dr Ste 6974 Chicago IL 60675 Data Processing 278786 1 0 ATM \ Check Card Income 522100 199053 199053 Fees & Charges 522100 220293 220293 Interest on Loans 522100 2924986 2924986 Share Draft Fees 522100 262869 262869 VISA Interchange Income 522100 109565 109565 62650 62650 3779416 36255 36255 0 0 5272 1669 3603 3603 3603 187801 254935 -67134 -67134 -67134 0 0 0 ATM Surcharge Income 525990 10700 10700 GAP Insurance Rebates 524298 51025 51025 Insurance Handling Fees 524298 129061 121561 7500 190786 3942926 3924726 18200 0 0 0 0 323110 0 963092 94845 89472 105325 0 0 0 0 0 0 0 96342 353703 335680 0 136428 37241 0 0 131836 0 106503 48455 Loan Servicing Expenses 268579 Provision for Loan Losses 169395 Postage and Shipping 51728 Other Misc. Operating Expenses 49699 79661 3441094 0 0 0 1862242 1741947 1592479 12706084 0 0 0 0 51146101 52639077 0 144824 118938 3252876 1002532 2230930 2250344 0 6711319 1443198 0 0 1264162 1115125 64952057 72014713 1073831 955849 58479641 65198500 59553472 66154349 X 5398585 5860364 5398585 5860364 64952057 72014713 X 501832 -40053 X false false false 753180 753180 1667436 384042 1283394 118579 86307 32272 713681 532183 181498 2250344 Deposit Accounts 65198499 Rounding 1 65198500 false false false Darcy McLean COO 137931 13793 10264 161988 Raymond J Theoret CEO 125158 12515 23449 161122 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Section 501c(14) Credit Union is composed of members. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Mergers are voted on by entire membership. Form 990, Part VI, Line 11b: Form 990 Review Process Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Credit union bylaws and conflict of interest policy are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions. Other Changes In Net Assets Or Fund Balances - Other Decreases Change in Unrealized Gain/Loss Invest Def Comp = -$40053