2025-11-17T12:15:47-05:00 2024-12-31 844099652 MiCUSO LLC 204 S Main St Wayland MI 49348 990 2024-01-01 381480245 IGNITE CREDIT UNION IGNI 8006488035 115 RIVERSIDE DR BATTLE CREEK MI 49015 Michael Ogrin Director of Finance 2692744348 2025-11-17 false MICHAEL OGRIN P00061023 2692744348 2025-11-17 2024 2025-03-06 01:10:19Z X KRISTOPHER LEWIS 115 RIVERSIDE DR BATTLE CREEK MI 49015 24876527 false 1359 X X 1936 MI IGNITE CREDIT UNIONS MISSION IS TO PROVIDE QUALITY FINANCIAL SERVICES THAT WILL IMPROVE AND MAKE A DIFFERENCE IN THE LIVES OF OUR MEMBERS. 9 9 168 13 52649 13255 4470374 331642 13150625 19341791 831390 1925648 15044 2900348 18467433 24499429 0 0 0 0 5907803 8356913 0 0 0 9371936 15293483 15279739 23650396 3187694 849033 224315902 364563300 204073087 327812474 20242815 36750826 IGNITE CREDIT UNION WAS FOUNDED UPON THE SEVEN COOPERATIVE PRINCIPLES BASED IN THE PHILOSOPHY OF COOPERATION AND THE CENTRAL VALUES OF EQUALITY EQUITY AND MUTUAL SELF-HELP. IGNITE CREDIT UNIONS MISSION STATEMENT ILLUSTRATES THE BROTHERHOOD OF MAN THROUGH PEOPLE WORKING TOGETHER TO ACHIEVE A BETTER LIFE FOR THEMSELVES AND THEIR COMMUNITY. false false 0 0 0 INCOME FROM CREDIT UNIONS MEMBERSHIP AND FROM INVESTMENT OF MEMBERS FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 0 0 0 0 0 0 0 0 0 0 false true false false false false false false false false true false false false true true true false false false false false false false false false false false false true false true false false false false false false false false false false false false true 8357 0 true 168 true true true false false false false false false false 9 9 false false false false true true true true true false false false true true true true true true true false X JOHN ROOD 2699657281 115 RIVERSIDE DR BATTLE CREEK MI 49015 D HICKS DIRECTOR CHAIRPERSON 1.00 0.00 X 0 0 0 S ELLIS DIRECTOR 1.00 0.00 X 0 0 0 M DUTCHER DIRECTOR 1.00 0.00 X 0 0 0 F HETHERWICK DIRECTOR 1.00 0.00 X 0 0 0 J KIRKPATRICK DIRECTOR SECRETARY 1.00 0.00 X 0 0 0 G GOLEMBIEWSKI DIRECTOR VICE CHAIRPERSON 1.00 0.00 X 0 0 0 J MAES DIRECTOR TREASURER 1.00 0.00 X 0 0 0 M WALLACE DIRECTOR 1.00 0.00 X 0 0 0 J RATTI DIRECTOR 1.00 0.00 X 0 0 0 A HARTMAN TREASURER 1.00 0.00 X 0 0 0 S COBB PRESIDENT 40.00 0.00 X 256498 0 46123 K LEWIS CEO 40.00 0.00 X 203928 0 29934 W HEPPE VP HR - STAFF DEVELOPMENT 40.00 0.00 X 127421 0 39075 D SLAVENS VP IT 40.00 0.00 X 143843 0 11507 J TANGE VP OPERATIONS 40.00 0.00 X 129676 0 21109 J ADDINGTON VP RETAIL 40.00 0.00 X 123610 0 30234 A NASH VP RISK MANAGEMT 40.00 0.00 X 126319 0 10789 J ROOD VP ACCOUNTING FINANCE 40.00 0.00 X 117298 0 34338 1228593 0 223109 8 false true false FIS 601 RIVERSIDE AVE JACKSONVILLE FL 32202 DEBIT/CREDIT PROCESSOR 1164318 CU ANSWERS 6000 28TH STREET SUITE 100 GRAND RAPIDS MI 49546 CORE PROCESSOR 933669 PSCU 560 CARILLION PKWY ST PETERSBURG FL 33716 PAYMENT SERVICES 475458 0 0 0 0 331642 0 0 331642 INCOME ON LOANS 522100 14024515 14024515 0 0 FEES CHARGES OTHER INCOME 522100 5264627 5264627 0 0 FINANCE & INSURANCE 525100 52649 0 52649 0 0 0 0 0 0 0 0 0 0 0 0 0 19341791 1838198 1838198 0 0 0 0 0 0 0 0 0 0 38605 0 39856 0 -1251 0 -1251 0 0 0 0 424692 0 337242 0 87450 87450 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FV MERGER ADJUST ON PROPERTY 2867525 2867525 0 0 MERGER ADJUSTMENT LATVIAN 34074 34074 0 0 0 0 0 0 0 0 0 0 2901599 24499429 24028939 52649 0 0 0 0 0 0 0 0 0 688119 0 0 0 0 0 0 0 5787429 0 0 0 190585 0 0 0 1130327 0 0 0 560453 0 0 0 0 0 0 0 127141 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 504788 0 0 0 530483 0 0 0 1010564 0 0 0 908608 0 0 0 0 0 0 0 719574 0 0 0 130538 0 0 0 0 0 0 0 117459 0 0 0 3134537 0 0 0 0 0 0 0 1393713 0 0 0 52340 0 0 0 CREDIT LOSS EXPENSE 3754105 0 0 0 CARD SERVOCES 1523349 0 0 0 LOAN SERVICING EXPENSE 971008 0 0 0 ARMORED CAR SERVICES 101671 0 0 0 313605 0 0 0 23650396 0 0 0 0 0 0 0 2527893 4294920 17761961 33255022 0 0 467042 26004 1419771 2078529 0 0 175311931 279268588 0 0 357415 220910 17896174 7586517 8093840 10309657 8097180 15317833 3980697 3258274 0 0 72588 5179831 6225584 11353732 224315902 364563300 2256791 3393884 0 0 0 0 0 0 0 0 0 0 0 0 0 0 201816296 324418590 204073087 327812474 X 0 0 0 0 20242815 36750826 20242815 36750826 224315902 364563300 849033 -109801 0 0 0 15768779 X false true X true true true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2141086 2141086 10141533 3818623 6322910 4540836 3218613 1322223 1072718 549280 523438 10309657 SHARES 109023405 SHARE DRAFTS 76508598 MONEY MARKET 74545955 CERTIFICATES 64340632 324418590 X 24459573 0 24459573 39856 39856 24499429 23610532 0 23610532 39864 39864 23650396 Part X, line 2 Income taxes - the credit union is exempt by statute from federal income taxes on income related to the exempt purpose of the credit union. Part XI, line 4b TO ADD BACK THE EXPENSE AS RENTAL EXPENSES REPORTED NET OF REVENUE IN FORM 990 BUT REPORTED AS EXPENSES WITHIN THE AUDITED FINANCIAL STATEMENTS. Part XII, line 4b 39,856 IN RENTAL EXPENSES REPORTED NET OF REVENUE IN FORM 990 BUT REPORTED AS EXPENSES WITHIN THE AUDITED FINANCIAL STATEMENTS . 8 MISC ADJUSTMENT X true true X X X X false true false W HEPPE VP HR - STAFF DEVELOPMENT 188814 0 10314 0 4800 0 16544 0 13390 0 233862 0 0 0 S COBB PRESIDENT 227544 0 16954 0 12000 0 21056 0 25067 0 302621 0 0 0 K LEWIS CEO 107401 0 9898 0 0 0 9311 0 25026 0 151636 0 0 0 D SLAVENS VP IT 116943 0 10477 0 0 0 11066 0 28009 0 166495 0 0 0 J TANGE VP OPERATIONS 133171 0 10673 0 0 0 11507 0 0 0 155351 0 0 0 J ADDINGTON VP RETAIL 129676 0 0 0 0 0 6277 0 14742 0 150695 0 0 0 A NASH VP RISK MANAGEMT 108006 0 9354 0 6250 0 10408 0 19826 0 153844 0 0 0 J ROOD VP ACCOUNTING FINANCE 116648 0 9671 0 0 0 10219 0 569 0 137107 0 0 0 Part I & Part II | PartandLinenumber:,Explanation:| Part I Line 4,THE CREDIT UNION ENTERED INTO COLLATERAL ASSIGNED SPLIT DOLLAR AGREEMENTS WITH S. COBB CEO AND J. ROOD SVP ACCOUNTING FINANCE. THE AGREEMENTS INVOLVE A METHOD OF PAYING FOR INSURANCE COVERAGE BY SPLITTING THE ELEMENTS OF THE LIFE INSURANCE POLICIES. UNDER THESE AGREEMENTS THE EXECUTIVES ARE OWNERS OF THE POLICIES AND MAKE COLLATERAL ASSIGNMENTS TO THE CREDIT UNION IN RETURN FOR LOANS EQUAL TO THE AMOUNT OF PREMIUMS PAID ON BEHALF OF THE EXECUTIVES PLUS ACCRUED INTEREST AT A SPECIFIC RATE. AT THE TIME OF DEATH THE CREDIT UNION WILL BE PAID THE LOAN AMOUNT PLUS ACCRUED INTEREST AND THE BALANCE OF THE INSURANCE BENEFITS WILL BE PAID TO THE EXECUTIVES DESIGNATED BENEFICIARIES.| S COBB PRESIDENT TO FUND SPLIT DOLLAR LOAN X 603407 636116 false true true J ROOD VP FINANCE AND ACCOUNTING TO FUND SPLIT DOLLAR LOAN X 764977 820009 false true true 1456125 Part V | PartandLinenumber:,Explanation:| Part II Line 1,S. COBB THE PRESIDENT OF THE ORGANIZATION GRANTED LOANTO FUND LIFE INSURANCE FROM THE ORIGINAL. THE PRINCIPAL AMOUNT $ 603,407 NOW HAS A BALANCE DUE $ 636,116. THIS LOAN IS NOT IN DEFAULT WAS APPROVED BY BOARD OR COMMITTEE AND THERE IS A WRITTEN AGREEMENT.| Part II Line 2,J ROOD VP OF FINANCE AND ACCOUNTING GRANTED LOANTO FUND LIFE INSURANCE FROM THE ORIGINAL. THE PRINCIPAL AMOUNT $ 764,977 NOW HAS A BALANCE DUE $820,009. THIS LOAN IS NOT IN DEFAULT WAS APPROVED BY BOARD OR COMMITTEE AND THERE IS A WRITTEN AGREEMENT.| Part VI, Line 6 THE CREDIT UNION HAS MEMBERS. Part VI, Line 7a THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. Part VI, Line 7b Members of the credit union have the right to approve the governing bodys election and removal of members of the governing body as well as other items that are subject to the approval of members. Part VI, Line 11b Upon receipt of the completed Form 990 management reviews the document for accuracy and reasonableness. Once this review is completed the governing body is informed that the form has been filed with the IRS and a copy is available upon request. Part VI, Line 12c A list of related parties is compiled. Employees who are authorized to transact where a conflict might occur are restricted. Part VI, Line 15 The Boards personnel committee reviews the performance of the CEO and President. The Board approves recommendations. Ignite Credit Union utilizes Compease for comparability data when determining compensation for all employees. Compease provides competitive market-based salary ranges developed from extensive salary survey data that ensures the reliability of the information. Salary ranges are created to reflect the labor market in which Ignite Credit Union competes for labor. Salary ranges are updated annually. Part VI, Line 19 Governing documents and conflict of interest policies are not made available to the public. Financial statements are made available to the public on the NCUAs website via the 5300 call report filing. In addition financial statements are posted monthly in credit union branch lobbies. Part XI, Line 9 | Description:, Explanation:, Amount:| BlueOx Credit Union combined with Ignite Credit Union, Equity from Merger, $15768779|