CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (EIN 38-0703992)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-13
- IRS object ID
- 202543179349306934
- Schema version
- 2024v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-13T17:12:52+00:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 331498605 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Plante & Moran PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 TRADE CENTER WAY SUITE 300 | AddressLine1Txt |
| City | PORTAGE | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49002 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 380703992 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARBOR FINANCIAL CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ARBO | BusinessNameControlTxt |
| Phone | 2693756702 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1551 SOUTH 9TH STREET | AddressLine1Txt |
| City | KALAMAZOO | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 490099327 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JULIE BLITCHOK | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Signature | 2025-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOSHUA T NITZ CPA | PreparerPersonNm |
| PTIN | P01946955 | PTIN |
| Phone | 2695674500 | PhoneNum |
| Preparation | 2025-11-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JULIE BLITCHOK | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1551 SOUTH 9TH STREET | AddressLine1Txt |
| City | KALAMAZOO | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 490099327 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $65,227,971 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.arborfcu.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1935 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or Mission | THE CREDIT UNION'S OPERATIONS INCLUDE HOLDING DEPOSITS FOR AND MAKING LOANS TO INDIVIDUALS WHO WORK OR RESIDE IN THE STATE OF MICHIGAN. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 284 | TotalEmployeeCnt |
| Total Volunteers | 7 | TotalVolunteersCnt |
| Total Gross UBI | $228,054 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $45,312,594 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $49,944,476 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,468,361 | PYInvestmentIncomeAmt |
| CY Investment Income | $5,865,015 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,412,497 | PYOtherRevenueAmt |
| CY Other Revenue | $2,048,906 | CYOtherRevenueAmt |
| PY Total Revenue | $50,193,452 | PYTotalRevenueAmt |
| CY Total Revenue | $57,858,397 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $20,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $20,000 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $15,710,310 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $16,608,884 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $29,476,134 | PYOtherExpensesAmt |
| CY Other Expenses | $34,878,181 | CYOtherExpensesAmt |
| PY Total Expenses | $45,206,444 | PYTotalExpensesAmt |
| CY Total Expenses | $51,507,065 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,987,008 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,351,332 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $969,394,713 | TotalAssetsBOYAmt |
| Total Assets EOY | $903,389,090 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $911,404,946 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $837,826,457 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $57,989,767 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $65,562,633 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE CREDIT UNION'S OPERATIONS INCLUDE HOLDING DEPOSITS FOR AND MAKING LOANS TO INDIVIDUALS WHO WORK OR RESIDE IN THE STATE OF MICHIGAN | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | ALLOWING MEMBERS ACCESS TO CAPITAL THROUGH MORTGAGES, AUTOMOBILE LOANS, AND OTHER CONSUMER LOANS | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ALLOWING MEMBERS DIRECT ACCESS TO THEIR CHECKING ACCOUNT AT MERCHANTS THROUGH OUR DEBIT CARD PROGRAM, AND ACCESS TO CREDIT THROUGH OUR CREDIT CARD PROGRAM. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ALLOWING MEMBERS ACCESS TO OVER 30,000 ATMS THROUGHOUT THE US THROUGH OUR ATM NETWORKING PROGRAM. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $0 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 21331 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 284 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EARLE SHELNER II | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2695443471 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1551 S 9TH STREET | AddressLine1Txt |
| City | KALAMAZOO | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49009 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| ARTHUR PARKER | |||||||||
| TREASURER | 10.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DAVID AUBRY | |||||||||
| CHAIRMAN | 30.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JONI LAPOINTE | |||||||||
| SECRETARY | 10.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| KIMBERLY ROHR | |||||||||
| VICE - CHAIRMAN | 10.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| GEORGE DUDIK | |||||||||
| DIRECTOR | 10.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JEFF POWLESS | |||||||||
| DIRECTOR | 10.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JOSIE WYNE | |||||||||
| DIRECTOR | 10.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| EARLE D SHELNER II | |||||||||
| CHIEF FINANCIAL OFFICER | 50.0 | 0.0 | Yes (X) | $257,394 | $0 | $78,347 | |||
| JULIE A BLITCHOK | |||||||||
| PRESIDENT/CEO | 50.0 | 0.0 | Yes (X) | $603,373 | $0 | $149,565 | |||
| ARLENE C HORTON | |||||||||
| VP OF TALENT STRATEGY AND ORGANIZATION | 50.0 | 0.0 | $288,522 | $0 | $85,478 | Yes (X) | |||
| CHRISTOPHER JACOBS | |||||||||
| VP OF CONSUMER LENDING | 50.0 | 0.0 | $155,624 | $0 | $53,761 | Yes (X) | |||
| JAMES O BLANKENSHIP | |||||||||
| VP INFORMATION SYSTEMS | 50.0 | 0.0 | $211,820 | $0 | $89,007 | Yes (X) | |||
| SUSAN WEIR | |||||||||
| VP OF MORTGAGE LENDING | 50.0 | 0.0 | $176,445 | $0 | $73,776 | Yes (X) | |||
| TAMARA L PHELPS | |||||||||
| VP OF OPERATIONS | 50.0 | 0.0 | $204,977 | $0 | $81,145 | Yes (X) | |||
| CHRISTINE E FERGUSON | |||||||||
| VP MARKETING | 50.0 | 0.0 | $175,309 | $0 | $62,471 | Yes (X) | |||
| CULLEN MCKINLEY | |||||||||
| VP OF COMMERCIAL LENDING | 50.0 | 0.0 | $155,047 | $0 | $58,099 | Yes (X) | |||
| RYAN MANEKE | |||||||||
| MORTGAGE LOAN ORIGINATOR | 45.0 | 0.0 | $114,526 | $0 | $47,036 | Yes (X) | |||
| SCOTT PETERSEN | |||||||||
| COMMERCIAL LOAN OFFICER | 45.0 | 0.0 | $123,053 | $0 | $44,129 | Yes (X) | |||
| TINA MASON | |||||||||
| DIRECTOR OF PROJECT MANAGEMENT | 45.0 | 0.0 | $119,514 | $0 | $52,524 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,585,604 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $875,338 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 12 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| PSCU | |||||
| 560 CARILLON PARKWAY | ST PETERSBURG | FL | 33716 | CREDIT CARD AND DEBIT CARD PROCESSOR | $2,954,421 |
| FISERV | |||||
| 75 REMITTANCE DRIVE DEPT 1649 | CHICAGO | IL | 60197 | CORE SYSTEM PROCESSOR | $2,273,098 |
| Q2 SOFTWARE INC | |||||
| 10355 PECAN PARK BOULEVARD | AUSTIN | TX | 78729 | MOBILE AND ONLINE BANKING | $265,858 |
| SNELLER SNOW & GROUNDS | |||||
| 675 Clyde CT SW | Byron Center | MI | 49315 | Groundskeeping and Snow Removal | $197,429 |
| DARLING CONSULTING GROUP | |||||
| 260 MERRIMAC STREET | NEWBURYPORT | MA | 01950 | ASSET/LIABILITY MANAGEMENT SUPPORT & SERVICES | $171,443 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 16 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INCOME ON MEMBER LOANS | 522100 | $36,724,456 | $36,724,456 | |
| FEES AND CHARGES | 522100 | $12,302,109 | $12,198,882 | $103,227 |
| SALE OF LOANS | 522100 | $917,911 | $917,911 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $49,944,476 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,880,929 | TotalRevenueColumnAmt |
| Exclusion | $5,880,929 | ExclusionAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,353,660 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,353,660 | SecuritiesAmt |
| Other | $15,914 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | -$15,914 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$15,914 | TotalRevenueColumnAmt |
| Exclusion | -$15,914 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| VISA GROWTH & MARKETING AGREEMENTS | 523930 | $289,245 | $289,245 | |
| LIFE INSURANCE INCOME | 524298 | $383,148 | $383,148 | |
| WEALTH MANAGEMENT INCOME | 523930 | $84,755 | $84,755 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,291,758 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,251,686 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $40,072 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,048,906 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $57,858,397 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $51,765,328 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $228,054 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,865,015 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,000 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,381,298 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,182,035 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $245,142 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,831,698 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $968,711 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,861 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $255,942 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $392,970 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $669,717 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,953,433 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,580,228 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,284,368 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,733 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $236,740 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,005,126 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,837 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,362,214 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $570,633 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| DEBIT EXPENSES | $1,731,773 |
| VISA AND MASTERCARD EXPENSES | $2,184,182 |
| LOAN SERVICING EXPENSE | $1,695,834 |
| PROVISION FOR LOAN LOSS | $1,039,179 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $718,411 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,507,065 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,057,862 | BOYAmt |
| EOY | $3,954,444 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,792,117 | BOYAmt |
| EOY | $54,375,238 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,994,951 | BOYAmt |
| EOY | $8,505,497 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $737,230,019 | BOYAmt |
| EOY | $696,765,650 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,151,248 | BOYAmt |
| EOY | $1,271,649 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $33,931,160 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $12,672,177 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,643,932 | BOYAmt |
| EOY | $21,258,983 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,083,410 | BOYAmt |
| EOY | $78,692,165 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,062,000 | BOYAmt |
| EOY | $9,062,000 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,379,174 | BOYAmt |
| EOY | $29,503,464 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $969,394,713 | BOYAmt |
| EOY | $903,389,090 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,309,577 | BOYAmt |
| EOY | $11,198,605 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,912,144 | BOYAmt |
| EOY | $3,201,952 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $156,000,000 | BOYAmt |
| EOY | $76,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $742,183,225 | BOYAmt |
| EOY | $747,425,900 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $911,404,946 | BOYAmt |
| EOY | $837,826,457 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,989,767 | BOYAmt |
| EOY | $65,562,633 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,989,767 | BOYAmt |
| EOY | $65,562,633 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $969,394,713 | BOYAmt |
| EOY | $903,389,090 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $6,351,332 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,221,534 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,781,999 | OtherCostOrOtherBasisAmt |
| Book Value | $5,781,999 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,574,684 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,442,585 | DepreciationAmt |
| Book Value | $13,132,099 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $144,758 | OtherCostOrOtherBasisAmt |
| Depreciation | $134,196 | DepreciationAmt |
| Book Value | $10,562 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,596,542 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,755,038 | DepreciationAmt |
| Book Value | $841,504 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,833,177 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,340,358 | DepreciationAmt |
| Book Value | $1,492,819 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $21,258,983 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Federal Income Taxes | |
| MEMBER SHARES AND SAVINGS ACCOUNTS | $747,425,900 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $747,425,900 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $57,858,397 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $0 | OtherRevenueAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $57,858,397 | RevenueSubtotalAmt |
| Other Revenues Not Included | $0 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $57,858,397 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $51,507,065 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $0 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $51,507,065 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $0 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $51,507,065 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part IV, Line 2b Explanation of escrow agreement | ARBOR HAS AN ESCROW CUSTODIAL ACCOUNT SET UP FOR EACH OF OUR INVESTORS. WE ARE A SERVICE-RETAINED ORGANIZATION, WHICH COLLECTS THE ESCROW FUNDS, PERFORMS ESCROW ANALYSIS, AND DISBURSES FUNDS TO APPROPRIATE TAX AND/OR INSURANCE AUTHORITIES. |
| Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | INCOME TAXES: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED 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 THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. THE IRS RULED CERTAIN PRODUCTS AND SERVICES TO BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS. THE CREDIT UNION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES FOR OPEN TAX PERIODS STARTING IN 2020 GOING FORWARD. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Scholarship | GrantTypeTxt |
| Recipient | 10 | RecipientCnt |
| Cash Grant | $20,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION CHOOSES SCHOLARSHIP RECIPIENTS BASED ON CERTAIN CRITERIA AND KEEPS SUPPORTING DOCUMENTS FOR THEIR DECISIONS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JULIE A BLITCHOK | ||||||||||||||
| PRESIDENT/CEO | $486,104 | $0 | $94,722 | $0 | $22,547 | $0 | $117,017 | $0 | $32,548 | $0 | $752,938 | $0 | $0 | $0 |
| EARLE D SHELNER II | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $224,920 | $0 | $30,870 | $0 | $1,604 | $0 | $42,787 | $0 | $35,560 | $0 | $335,741 | $0 | $0 | $0 |
| CHRISTOPHER JACOBS | ||||||||||||||
| VP OF CONSUMER LENDING | $136,454 | $0 | $18,764 | $0 | $406 | $0 | $23,715 | $0 | $30,046 | $0 | $209,385 | $0 | $0 | $0 |
| ARLENE C HORTON | ||||||||||||||
| VP OF TALENT STRATEGY AND ORGANIZATION | $170,114 | $0 | $113,124 | $0 | $5,284 | $0 | $58,832 | $0 | $26,646 | $0 | $374,000 | $0 | $0 | $0 |
| JAMES O BLANKENSHIP | ||||||||||||||
| VP INFORMATION SYSTEMS | $184,720 | $0 | $25,057 | $0 | $2,043 | $0 | $58,496 | $0 | $30,511 | $0 | $300,827 | $0 | $0 | $0 |
| TAMARA L PHELPS | ||||||||||||||
| VP OF OPERATIONS | $178,512 | $0 | $23,668 | $0 | $2,797 | $0 | $53,164 | $0 | $27,981 | $0 | $286,122 | $0 | $0 | $0 |
| SUSAN WEIR | ||||||||||||||
| VP OF MORTGAGE LENDING | $154,195 | $0 | $21,120 | $0 | $1,130 | $0 | $44,045 | $0 | $29,731 | $0 | $250,221 | $0 | $0 | $0 |
| CHRISTINE E FERGUSON | ||||||||||||||
| VP MARKETING | $152,603 | $0 | $21,117 | $0 | $1,589 | $0 | $30,306 | $0 | $32,165 | $0 | $237,780 | $0 | $0 | $0 |
| CULLEN MCKINLEY | ||||||||||||||
| VP OF COMMERCIAL LENDING | $135,913 | $0 | $18,254 | $0 | $880 | $0 | $26,275 | $0 | $31,824 | $0 | $213,146 | $0 | $0 | $0 |
| TINA MASON | ||||||||||||||
| DIRECTOR OF PROJECT MANAGEMENT | $107,508 | $0 | $11,294 | $0 | $712 | $0 | $23,907 | $0 | $28,617 | $0 | $172,038 | $0 | $0 | $0 |
| SCOTT PETERSEN | ||||||||||||||
| COMMERCIAL LOAN OFFICER | $93,175 | $0 | $29,125 | $0 | $753 | $0 | $17,173 | $0 | $26,956 | $0 | $167,182 | $0 | $0 | $0 |
| RYAN MANEKE | ||||||||||||||
| MORTGAGE LOAN ORIGINATOR | $49,747 | $0 | $64,704 | $0 | $75 | $0 | $19,288 | $0 | $27,748 | $0 | $161,562 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan | FormAndLineReferenceDesc |
| Explanation | JULIE BLITCHOK, CEO, PARTICIPATES IN A SPLIT DOLLAR LIFE INSURANCE PLAN. PREMIUMS PAID ON BEHALF OF THE EXECUTIVE IS TREATED AS A LOAN. SEE SCHEDULE L FOR MORE DETAIL ON LOAN. ARBOR FINANCIAL CREDIT UNION ALSO PROVIDES A SUPPLEMENTAL 457(f) NONQUALIFIED RETIREMENT PLAN FOR THE CEO. THE ORGANIZATION MAKES ANNUAL CONTRIBUTIONS TO THE PLAN. CONTRIBUTIONS TO THE PLAN FOR 2024 ARE AS FOLLOWS: $79,646 THERE WERE NO DISTRIBUTIONS MADE FROM THE PLAN DURING 2024. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (19 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|
| JULIE BLITCHOK | ||||||
| CEO | MORTGAGE 25 YR | Yes (X) | $464,000 | $413,139 | Yes (true) | Yes (true) |
| JULIE BLITCHOK | ||||||
| CEO | MORTGAGE 20 YR | Yes (X) | $375,000 | $330,710 | Yes (true) | Yes (true) |
| JULIE BLITCHOK | ||||||
| CEO | NEW AUTO | Yes (X) | $30,000 | $18,380 | Yes (true) | Yes (true) |
| JULIE BLITCHOK | ||||||
| CEO | SPLIT DOLLAR LIFE INSURANCE | Yes (X) | $4,480,403 | $5,220,435 | Yes (true) | Yes (true) |
| ARLENE HORTON | ||||||
| KEY EMPLOYEE | NEW AUTO | Yes (X) | $39,502 | $32,807 | Yes (true) | Yes (true) |
| ARLENE HORTON | ||||||
| KEY EMPLOYEE | USED AUTO | Yes (X) | $22,199 | $21,585 | Yes (true) | Yes (true) |
| ARLENE HORTON | ||||||
| KEY EMPLOYEE | MORTGAGE 30 YR | Yes (X) | $454,000 | $426,506 | Yes (true) | Yes (true) |
| ARLENE HORTON | ||||||
| KEY EMPLOYEE | MORTGAGE 30 YR | Yes (X) | $110,400 | $107,303 | Yes (true) | Yes (true) |
| ARLENE HORTON | ||||||
| KEY EMPLOYEE | UNSECURED LOAN | Yes (X) | $4,142 | $3,980 | Yes (true) | Yes (true) |
| EARLE SHELNER | ||||||
| EXECUTIVE | MORTGAGE 30 YR | Yes (X) | $247,800 | $217,428 | Yes (true) | Yes (true) |
| EARLE SHELNER | ||||||
| EXECUTIVE | MORTGAGE 20 YR | Yes (X) | $140,800 | $124,257 | Yes (true) | Yes (true) |
| EARLE SHELNER | ||||||
| EXECUTIVE | USED AUTO | Yes (X) | $18,067 | $16,639 | Yes (true) | Yes (true) |
| SUSAN WEIR | ||||||
| KEY EMPLOYEE | MORTGAGE 20 YR | Yes (X) | $233,000 | $76,160 | Yes (true) | Yes (true) |
| CHRISTINE FERGUSON | ||||||
| KEY EMPLOYEE | MORTGAGE 30 YR | Yes (X) | $392,000 | $267,692 | Yes (true) | Yes (true) |
| CULLEN MCKINLEY | ||||||
| HIGHEST COMPENSATED | MORTGAGE 30 YR | Yes (X) | $417,500 | $391,470 | Yes (true) | Yes (true) |
| CHRISTOPHER JACOBS | ||||||
| KEY EMPLOYEE | MORTGAGE 20 YR | Yes (X) | $125,000 | $106,179 | Yes (true) | Yes (true) |
| TINA MASON | ||||||
| HIGHEST COMPENSATED | MORTGAGE 20 YR | Yes (X) | $234,000 | $189,828 | Yes (true) | Yes (true) |
| RYAN MANEKE | ||||||
| HIGHEST COMPENSATED | MORTGAGE 30 YR | Yes (X) | $553,500 | $518,282 | Yes (true) | Yes (true) |
| RYAN MANEKE | ||||||
| HIGHEST COMPENSATED | USED AUTO | Yes (X) | $36,946 | $22,717 | Yes (true) | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $8,505,497 | TotalBalanceDueAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule L, Part II LOANS TO AND FROM INTERESTED PERSONS: | FormAndLineReferenceDesc |
| Explanation | NAME OF PERSON: JULIE BLITCHOK RELATIONSHIP WITH ORGANIZATION: CEO PURPOSE OF LOAN: SPLIT-DOLLAR LIFE INSURANCE | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part I, Line 1 DESCRIPTION OF ORGANIZATION MISSION: | WORK OR RESIDE WITHIN THE STATE OF MICHIGAN. |
| Form 990, Part VI, Line 1a DELEGATE BROAD AUTHORITY TO A COMMITTEE | THE PERSONNEL COMMITTEE IS THE SAME AS THE FULL BOARD WITH DIFFERENT LEADERSHIP & HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. |
| Form 990, Part VI, Line 6 Classes of members or stockholders | EVERY INDIVIDUAL THAT HAS AN ACCOUNT WITH THE CREDIT UNION IS CONSIDERED A MEMBER. |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | AS A CREDIT UNION, WE HAVE A MEMBERSHIP THAT HAS THE AUTHORITY TO VOTE FOR THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. WE ARE REQUIRED TO HOLD AN ANNUAL MEETING, WHERE THE MEMBERSHIP CAN VOTE FOR THE BOARD OF DIRECTORS UP FOR NOMINATION. |
| Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders | THE DECISIONS ARE APPROVED AT THE ANNUAL MEETING. THEY ALSO CAN REVIEW THE MONTHLY AND YEAR TO DATE FINANCIAL STATEMENTS THAT ARE REQUIRED TO BE POSTED IN THE LOBBY. AS FOR DAY TO DAY DECISIONS, THEY DO NOT OVERSEE OR APPROVE ACTIONS. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | A COPY OF THE FORM 990 WAS PROVIDED FOR THE BOARD OF DIRECTORS TO REVIEW PRIOR TO FILING WITH THE IRS. |
| Form 990, Part VI, Line 12c Conflict of interest policy | ALL DIRECTORS AND EMPLOYEES ARE REQUIRED TO SIGN A POLICY STATEMENT ANNUALLY AND TO SUBMIT CHANGES DURING THE YEAR. IF THERE IS A CONFLICT OF INTEREST WITH AN EMPLOYEE, IT IS BROUGHT UP THROUGH HR AND NOTED IN THE FILE. IF THERE IS A CONFLICT OF INTEREST WITH AN EXECUTIVE IT IS NOTED WITH BOTH HR AND THE CEO TO BE KEPT IN THEIR FILE, AND THEY WOULD NO LONGER BE PERMITTED TO SIGN ANY CONTRACTS. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | WE UTILIZE AN OUTSIDE CONSULTANT, AS WELL AS INDUSTRY PUBLICATIONS TO SET THE RANGES OF ALL INDIVIDUALS PAID AT THE CREDIT UNION. ALL SALARY RANGES FOR ALL EMPLOYEES ARE APPROVED BY THE BOARD OF DIRECTORS AT A REGULARLY SCHEDULED MEETING. THIS MEETING WAS LAST PERFORMED IN DECEMBER 2024. THIS PROCESS IS DOCUMENTED IN EXECUTIVE COMMITTEE MINUTES. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | WE UTILIZE AN OUTSIDE CONSULTANT, AS WELL AS INDUSTRY PUBLICATIONS TO SET THE RANGES OF ALL INDIVIDUALS PAID AT THE CREDIT UNION. ALL SALARY RANGES FOR ALL EMPLOYEES ARE APPROVED BY THE BOARD OF DIRECTORS AT A REGULARLY SCHEDULED MEETING. THIS MEETING WAS LAST PERFORMED IN DECEMBER 2024. THIS PROCESS IS DOCUMENTED IN EXECUTIVE COMMITTEE MINUTES. |
| Form 990, Part VI, Line 19 Required documents available to the public | THE CREDIT UNION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| Form 990, Part VIII, Line 11d Other Miscellaneous Revenue | - Total Revenue: 1291758, Related or Exempt Function Revenue: 1251686, Unrelated Business Revenue: 40072, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; |