2017-04-27T13:12:24-07:00 2016-12-31 FINANCIAL STANDARDS GROUP INC 3615 NEWBURG RD LOUISVILLE KY 40218 990 2016-01-01 386084711 Gratiot Community Credit Union GRAT 9894638321 211 W Center St Alma MI 48801 Brenda L Miller General Manager 2017-04-27 true Robert Draeger P01331632 8005225820 2016 2021-01-29 14:40:06Z 1625409 false false X www.gratiotcu.org X 1955 MI Provide financial services and products to members. 9 9 18 12 16370 1057 0 1304295 1457462 170198 151577 15966 16370 1490459 1625409 0 0 541181 588280 0 0 763007 819784 1304188 1408064 186271 217345 29896291 32469941 27307546 29613419 2588745 2856522 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 5,993. 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 3,064. 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 708 0 true 18 true true true false false false false false false false false false false X 9 9 false false false false true true true true false false true true false true true true false true true true false X Brenda L Miller 9894638321 211 W Center St Alma MI 48801 Mike Morris Chairman 1.00 0.00 X 0 0 0 David Merritt Vice Chairman 1.00 0.00 X 0 0 0 William Heinze Treasurer 1.00 0.00 X 0 0 0 Glenn Rose Secretary 1.00 0.00 X 0 0 0 Patty Allen Director 1.00 0.00 X 0 0 0 Clark Hubbard Director 1.00 0.00 X 0 0 0 William Lafreniere Director 1.00 0.00 X 0 0 0 Alan Schafer Director 1.00 0.00 X 0 0 0 Diane Malek Director 1.00 0.00 X 0 0 0 Brenda L Miller General Manager 40.00 0.00 X 90639 0 6364 90639 6364 0 false false false CUAnswers 6000 28th Street SE Ste 100 Grand Rapids MI 49546 Data Processing 177117 FIS 11601 Roosevelt Blvd St Petersburg FL 33716 103325 2 0 Credit Card Interchange 522100 50974 50974 Fees & Charges 522100 288892 288892 Interest on Loans 522100 919336 919336 Other Operating Income 522100 198260 198260 1457462 151577 151577 0 0 0 0 0 0 0 Insurance Reimbursements 524298 8705 8705 Non-Member ATM Fees 525990 7665 7665 16370 1625409 1609039 16370 0 0 0 0 97003 0 396724 0 52677 41876 0 113 112940 0 0 0 0 16702 226798 0 0 33174 11403 0 0 52407 0 20719 0 Loan Servicing Expense 151486 Debit & ATM Expense 140232 Provision for Loan Losses 46583 Association Dues 3780 3447 1408064 0 0 0 681662 985905 4704892 4554276 0 0 0 0 16188207 18168339 0 32889 54587 1365669 706655 679679 659014 0 7277427 7706586 0 0 331535 341234 29896291 32469941 150908 180226 27156638 29433193 27307546 29613419 X 2588745 2856522 2588745 2856522 29896291 32469941 217345 50432 X false true X true false 254753 254753 582848 582848 153821 153821 374247 706655 -332408 659014 7706586 Member Deposits 29433193 29433193 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 Signing Officer reviews tax returns and forwards signed Form 8879-EO to tax preparer. Board reviews 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 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.