2017-05-02T11:19:10-07:00 2016-12-31 FINANCIAL STANDARDS GROUP INC 3615 NEWBURG RD LOUISVILLE KY 40218 990 2016-01-01 381485730 Parkside Credit Union PARK 7345250700 36525 Plymouth Rd Livonia MI 48150 Janet Thompson CEO / President 2017-05-02 true Thomas Armantrout CPA P02039010 8005225820 2016 2021-01-29 14:40:06Z 7389955 false false X www.parksidecu.org X 1953 MI Provide financial services to member owners with a common bond. 9 9 56 9 280275 -70679 0 4428081 6334278 577019 775402 205006 280275 5210106 7389955 0 0 1557373 2544922 0 0 3201855 3960738 4759228 6505660 450878 884295 88419817 110054228 75801533 94659536 12618284 15394692 Provide financial services to member owners with a common bond. 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 15,410. 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 8,754. false false false false false false false false false false true true false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1545 0 false 56 false 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 true true true true true true true false X Connie Gladki 7345250700 36525 Plymouth Rd Livonia MI 48150 Edward Leshinsky Vice Chairman 1.00 0.00 X 0 0 0 William Sackett Chairman 1.00 0.00 X 0 0 0 Michael Rawson Treasurer 1.00 0.00 X 0 0 0 Richard Pokerwinski Secretary 1.00 0.00 X 0 0 0 Clyde Ghee Director 1.00 0.00 X 0 0 0 Richard Savale Director 1.00 0.00 X 0 0 0 Jerry Miller Director 1.00 0.00 X 0 0 0 Vincent Quinn Director 1.00 0.00 X 0 0 0 Cynthia Grimwade Director 1.00 0.00 X 0 0 0 Janet Thompson CEO / President 40.00 0.00 X 133076 0 11200 Connie Gladki VP Fin & Acct 40.00 0.00 X 72272 0 2258 Doris Graham Senior VP 40.00 0.00 X 86068 0 2370 Janet Hendrie EVP/COO 40.00 0.00 X 71424 0 7650 Joy Bobby VP of Lending 40.00 0.00 X 71479 0 1269 Heather Colonius VP Marketing 40.00 0.00 X 54341 0 1690 Debra Vigliarolo VP Sales & Serv 40.00 0.00 X 67102 0 634 555762 27071 1 false false false CUAnswers 6000 28th Street SE Suite 100 Grand Rapids MI 49546 Data Processor 419626 Salus Group 38221 Mound Road Bldg G Sterling Heights MI 48310 Office Expense 391676 CU Cooperative Systems 9692 Haven Ave Rancho Cucamonga CA 91730 Cooperative Systems 273624 FIS 11601 Roosevelt Blvd TA-76 St Petersburg FL 33716 Financial Serv Tech 229428 Harmon Group 621 S State St North Vernon IN 47265 Construction 414221 7 0 Fees & Charges 522100 2494289 2494289 Interchange Income 522100 846491 846491 Loan Interest Income 522100 2993498 2993498 6334278 775402 775402 0 0 0 0 0 0 0 Insurance Reimbursements 524298 49732 49732 Non-Member ATM Fees 525990 230543 230543 Sprint Reimbursement 525990 280275 7389955 7109680 280275 0 0 0 0 582833 0 1401715 47123 335393 177858 0 3388 20148 0 0 0 36686 271367 510088 158359 0 146663 113156 0 0 175992 0 270970 50409 ATM Expense 1040024 Kasasa Expense 378336 Loan Servicing 371043 Provision for Loan Losses 350000 64109 6505660 0 0 0 1643160 2210938 17320437 23799632 0 0 0 0 34269868 48597409 0 315636 495833 5704481 2868809 1531744 2835672 15443390 6208671 16652600 22558730 0 0 1242982 3347343 88419817 110054228 590129 1547821 75211404 93111715 75801533 94659536 X 12618284 15394692 12618284 15394692 88419817 110054228 X 884295 20054 1872059 X false false false 263397 263397 3258141 1488652 1769489 205367 205367 362894 238436 124458 1614682 936354 678328 2835672 22558730 Total Share & Deposit Accounts 93111715 93111715 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder 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 the 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 No employee, director or any other volunteer, agent or attorney may solicit or receive anything of value or any benefit or business oppotunity in connection with Credit Union business. Affected persons are required annually to list any relationships which may become a conflict of interest.Also, 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 15a: Compensation Review & Approval Process - CEO, Top Management 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 Increases 940.01 Merger: Equity = $1872059