2025-11-17T11:04:56-06:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 381435020 COPOCO COMMUNITY CREDIT UNION COPO 9896841873 PO BOX 1520 BAY CITY MI 487060520 DAVID BRANDT CEO 9896841873 2025-11-14 0 AUBREY CLEGG P01076395 3052328272 2025-11-14 2024 2025-03-06 01:10:19Z DAVID BRANDT PO BOX 1520 BAY CITY MI 487060520 5953892 0 X WWW.COPOCO.ORG X 1951 MI IT IS THE MISSION OF THE BOARD OF DIRECTORS AND STAFF OF COPOCO COMMUNITY CREDIT UNION TO PROVIDE EXCELLENCE IN SERVICE, HELPING EACH MEMBER REALIZE THEIR FINANCIAL GOALS AND DREAMS. 7 6 41 9 17261 0 0 0 3649994 4853518 888278 1080574 22350 11007 4560622 5945099 0 0 0 0 1701228 1797970 0 0 0 4702086 3579994 6403314 5377964 -1842692 567135 107996151 101556631 104234234 94981143 3761917 6575488 IT IS THE MISSION OF THE BOARD OF DIRECTORS AND STAFF OF COPOCO COMMUNITY CREDIT UNION TO PROVIDE EXCELLENCE IN SERVICE, HELPING EACH MEMBER REALIZE THEIR FINANCIAL GOALS AND DREAMS. 0 0 THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, AND CERTIFICATES. THE TOTAL NUMBER OF MEMBERS AS OF DECEMBER 31, 2024 WAS 14,694. THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, AND VEHICLE. THE TOTAL NUMBER OF LOANS OUTSTANDING AS OF DECEMBER 31, 2024 WAS 5,335. THE CREDIT UNION OFFERS ATM SERVICES, CHECK CASHING, WIRE TRANSFERS, INSURANCE/INVESTMENT SALES, BILL PAY, OVERDRAFT/COURTSEY PAY, FINANCIAL EDUCATION, GIFT CARDS, MONEY ORDERS, AND ELECTRONIC FUND TRANSFERS TO ALL ELIGIBLE MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 988 0 1 41 1 1 1 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X KENDRA CHRISTENSEN 9896841873 PO BOX 1520 BAY CITY MI 487060520 DOREEN SMITH CEO (THROUGH 10/31/24) 40.00 X X 103481 0 29185 MERI SUE ENGERS BOD CHAIRPERSON 1.00 X 0 0 0 CHRISTOPHER HENNESSY BOD MEMBER 1.00 X 0 0 0 JOSEPH WESPISER BOD MEMBER 1.00 X 0 0 0 ALAN SHURKEY BOD CHAIRPERSON 1.00 X 0 0 0 JOHN TIPPMAN BOD VICE CHAIRPERSON 1.00 X 0 0 0 SEAN KELLY BOD SECRETARY 1.00 X 0 0 0 TREVOR KEYES BOD TREASURER 1.00 X 0 0 0 HAROLD MILLER BOD MEMBER 1.00 X 0 0 0 RONALD O'CONNOR SUPERVISORY COMMITTEE CHAIR 1.00 X 0 0 0 KENDRA CHRISTENSEN COO 40.00 X 82481 0 8513 185962 0 37698 1 0 0 0 FISERV PO BOX 934057 ATLANTA GA 31193 CORE PROCESSING 448787 YEO & YEO TECHNOLOGY 5300 BAY ROAD SUITE 200 SAGINAW MI 48706 MANAGED TECHNOLOGY SERVICES 111982 2 LOAN INTEREST INCOME 522100 2661087 2661087 NONRECURRING MEMBER FRAUD REIMBUR 522100 1148062 1148062 FEE & OTHER INCOME 522100 1027108 1027108 FINANCE AND INSURANCE 520000 17261 17261 4853518 1080574 1080574 19800 8793 11007 11007 11007 5945099 4847264 17261 1080574 X 223660 816398 363386 317446 77080 41875 118322 13749 499154 67521 252632 402808 194417 19943 721337 13889 147793 40607 LOAN SERVICING EXPENSE 371446 PROVSION FOR LOAN LOSSE 364879 ATM EXPENSE 209430 MAINTENANCE AGREEMENTS 81721 18471 5377964 1756384 2205403 377788 11481008 331178 55108515 45569324 5824200 2482907 3432257 3341293 42498688 33926864 2876602 2490000 1614739 2542739 107996151 101556631 1258760 749255 102975474 94231888 104234234 94981143 X 0 0 0 0 3761917 6575488 3761917 6575488 107996151 101556631 X 567135 1415709 830727 X X 0 1 X 1 0 520404 520404 5131217 2472899 2658318 165779 4530 161249 6800 5478 1322 3341293 SHARES 61522108 SHARE DRAFTS 17365171 IRAS 2393073 SHARE AND IRA CERTIFICATES 12951536 94231888 X 5953892 0 5953892 -8793 -8793 5945099 5386757 8793 8793 5377964 0 5377964 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED NET OF RENTAL REVENUE IN THE STATEMENT OF REVENUE OF FORM 990 BUT REPORTED AS A COMPONENT OF EXPENSES WITHIN THE AUDITED FINANCIALS -8,793. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED NET OF RENTAL REVENUE IN THE STATEMENT OF REVENUE OF FORM 990 BUT REPORTED AS A COMPONENT OF EXPENSES WITHIN THE AUDITED FINANCIALS 8,793. FORM 990, PART VI, SECTION A, LINE 6 SECTION 501(C)(14) CREDIT UNION IS COMPOSED OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE ON BYLAW AND CHARTER CHANGES. MEMBERS VOTE AND ELECT BOARD MEMBERS AT ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B BOARD OF DIRECTOR DECISIONS THAT ARE SUBJECT TO MEMBERSHIP APPROVAL ARE MERGERS, CHARTER CHANGES, BYLAW CHANGES AND FIELD OF MEMBERSHIP CHANGES. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT AND THE BOARD REVIEWS FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEE LOANS ARE MANAGEMENT APPROVED. MANAGEMENT LOANS ARE BOARD APPROVED. LOANS TO BOARD MEMBERS ARE APPROVED BY THE CREDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE AND EMPLOYEE SALARIES ARE BOARD REVIEWED AND APPROVED. BOARD OF DIRECTORS ARE NOT COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 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. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES 499,154. FORM 990, PART XI, LINE 9: NET CHANGE IN DEFINED BENEFIT PENSION PLAN 677,334. AMORTIZATION EXPENSE RECLASSIFIED INTO EARNINGS (DEFINED BENEFIT PLAN) 70,893. EXPENSE FROM PARTIAL DEFINED BENEFIT PLAN SETTLEMENT RECLASSIFIED INTO EARNINGS (DEFINED BENEFIT PLAN) 88,422. NET CHANGE IN POSTRETIREMENT HEALTHCARE PLAN OBLIGATIONS -5,922. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.