2016-11-11T08:56:10-06:00 2015-12-31 LAKE MICHIGAN CREDIT UNION 4027 LAKE DR SE STE 100 GRAND RAPIDS MI 495468812 990 2015-01-01 381215360 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 48 LAKE MICH CU CRED 6162429790 PO BOX 2848 GRAND RAPIDS MI 495012848 PETER DANN CFO 6162346418 2016-11-11 2016-11-11 2015 2017-02-10 21:41:12Z SANDY JELINSKI PO BOX 2848 GRAND RAPIDS MI 49501 367895474 false X WWW.LMCU.ORG X NON PROFIT 1933 MI PROMOTION OF THRIFT AND PROVIDING LOW COST CREDIT AND OTHER FINANCIAL SERVICES FOR ITS MEMBERS THROUGH MUTUAL AND NONPROFIT ORGANIZATION. 11 11 1152 1683555 243331 0 157247899 197241907 31394754 32539294 0 188642653 229781201 0 0 54927931 65276448 0 0 77306008 91624340 132233939 156900788 56408714 72880413 3539495204 4088223054 3142670033 3619335683 396825171 468887371 X PROMOTION OF THRIFT AND PROVIDING LOW COST CREDIT AND OTHER FINANCIAL SERVICES FOR ITS MEMBERS THROUGH MUTUAL AND NONPROFIT ORGANIZATION. false false INTEREST INCOME DEBIT / CREDIT INTERCHANGE OVERDRAFT / NSF 153015879 PROVIDING LOW LOAN RATES AND HIGH DEPOSIT RATES TO OUR MEMBER OWNERS. 153015879 153015879 false false false false false false false true false true false false false true false false true false false false false false false false false false false false true false false false false false false false false false false true false false false true 0 0 true 1152 true true true false false false false false X 11 11 true false false false true true true true true false true true false true true true true true true true true true X LAKE MICHIGAN CREDIT UNION 6162346830 5540 GLENWOOD HILLS PKWY SE GRAND RAPIDS MI 49512 LIST AVAILABLE UPON REQUEST BOARD MEMBER X 0 0 0 LIST AVAILABLE UPON REQUEST STRATEGY GRO 40.00 X 3932638 0 279109 SANDY JELINSKI CEO 40.00 X 0 0 0 PETER DANN CFO 40.00 X 0 0 0 LIST AVAILABLE UPON REQUEST HIGHEST EMPL 40.00 X 2512945 0 114615 6445583 393724 2 false true false FIRST AMERICAN TITLE 4362 CASCADE RD GRAND RAPIDS MI 49546 TITLE 5964537 NEWCO 3400 ROGER B CHAFFE SW GRAND RAPIDS MI 49548 BUILDING 3225300 AT&T PO BOX 5014 CAROL STREAM IL 60197 PHONE 2104354 TRANSNATION TITLE 921 N DIVISION AVE GRAND RAPIDS MI 49503 TAX 2075304 CBC INNOVIS PO BOX 535595 PITTSBURGH PA 15253 CREDIT 1211046 79 INTEREST ON MEMBER LOANS 522291 112671279 112671279 INTERCHANGE AND OTHER 522100 42133684 42133684 MORTGAGE SERVICING RIGHTS 522291 20509195 20509195 FEES AND CHARGES ON ACCOUNTS 525990 20244194 20244194 INSURANCE REVENUE 525990 1257145 1257145 426410 426410 197241907 9871434 9871434 61538163 99243970 61110976 77003297 427187 22240673 22667860 22667860 229781201 195558352 1683555 32539294 3884909 3884909 51020813 51020813 1737651 1737651 4892432 4892432 3740643 3740643 772553 772553 649740 649740 140858 140858 3481312 3481312 5151439 5151439 4778278 4778278 4912506 4912506 558539 558539 32610076 32610076 4757672 4757672 439825 439825 LOAN SERVICING 18718131 18718131 BANK/ CARD SERVICE CHARGE 8675409 8675409 MISC EXPENSE 5978002 5978002 156900788 153015879 3884909 0 199995673 312717860 67389 195025 95600 222092 2367140723 3055039600 125539275 79668372 5061945 5842385 90210810 31575612 49784126 58635198 689261591 457505326 21159425 21780254 3682200 3606559 77707257 93010383 3539495204 4088223054 17155405 19231863 13959824 12828241 403000000 453000000 2708554804 3134275579 3142670033 3619335683 X 396825171 468887371 396825171 468887371 3539495204 4088223054 72880413 403802 -1222015 X false true X true false false true X 18529777 18529777 42004543 9842465 32162078 643544 227483 416061 20020252 15060466 4959786 9012694 6445198 2567496 58635198 TOTAL DEPOSITS 3134275579 3134275579 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE CREDIT UNION ACTS AS CUSTODIAN FOR RETAIL MORTGAGES X true true X X X X X false false false LIST AVAILABLE UPON REQUEST STRATEGY GROUP 2843102 1041807 47729 279109 4211747 LIST AVAILABLE UPON REQUEST HIGHEST EMPLOYEES 353650 2106735 52560 114615 2627560 FORM 990, PAGE 2, PART III, LINE 4D PROVIDING LOW LOAN RATES AND HIGH DEPOSIT RATES TO OUR MEMBER OWNERS. FORM 990, PAGE 6, PART VI, LINE 2 GRETCHEN TELLMAN ROBERT PARTRIDGE BOARD CHAIR BOARD MEMBER SPOUSE FORM 990, PAGE 6, PART VI, LINE 6 YES, THE CREDIT UNION HAS MEMBERS FORM 990, PAGE 6, PART VI, LINE 7A MEMBER SHAREHOLDERS ELECT BOARD MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS APPROVE BOARD MEMBERS WHEN TERMS EXPIRE. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS PREPARED BY THE DIRECTOR OF FINANCE AND REVIEWED BY OUR CFO FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS AND DIRECTORS DISCLOSE INTEREST THAT COULD LEAD TO CONFLICT OF INTEREST ANNUALLY. THESE DOCUMENTS ARE REVIEWED BY INTERNAL AUDIT AND REPORTED TO THE AUDIT COMMITTEE FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION REVIEWS OF ALL OFFICER AND KEY EXECUTIVES ARE PERFORMED AT LEAST ANNUALLY BY HUMAN RESOURCES AND REVIEWED BY THE EXECUTIVE COMMITTE MADE UP OF BOARD MEMBERS FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTORS APPROVES OTHER OFFICERS AND KEY EMPLOYEES, AND COMPENSATION IS SET BY CEO FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATIONS DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 ADJUSTMENT TO OTHER COMPREHENSIVE INCOME 0 LIFE SAVINGS RESERVE 0 OCI 0 LIFE SAVINGS -2,000 OCI -1,220,015 TOTAL -1,222,015 LAKE MICHIGAN FINANCIAL GROUP LAKE MICHIGAN FINANCIAL GROUP PO BOX 2088 PO BOX 2088 GRAND RAPIDS MI 49501 454172202 FINANCIAL MI 1062210 9449506 LMCU LAKE MICHIGAN CREDIT UNION