2016-08-15T08:57:01-05:00 2015-12-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT SUITE 500 AUBURN HILLS MI 48326 990 2015-01-01 381447620 COMMUNITY FINANCIAL CREDIT UNION COMM 7344531200 PO BOX 8050 PLYMOUTH MI 481708050 MARGARET PANKOW SENIOR VICE PRESIDENT/CFO 7344531200 2016-08-11 1 LYNNE M HUISMANN P00053811 2483757100 2015 2016-09-27 15:27:22Z WILLIAM LAWTON PO BOX 8050 PLYMOUTH MI 481708050 35367180 0 X WWW.CFCU.ORG X 2012 MI COMMUNITY FINANCIAL EXISTS SO CONSUMERS AND BUSINESSES IN OUR FIELD OF MEMBERSHIP CAN ENJOY SOUND FINANCIAL HEALTH, AND OUR COMMUNITIES ARE ENRICHED. 9 9 241 14 55346 18865 0 0 26702408 29979813 213212 176604 4403847 5210763 31319467 35367180 15000 17000 0 0 13597360 15122572 0 0 0 10366522 12113734 23978882 27253306 7340585 8113874 604957148 701971073 525316252 614222945 79640896 87748128 X COMMUNITY FINANCIAL CREDIT UNON IS A STATE CHARTERED, NOT-FOR-PROFIT, FULL-SERVICE FINANCIAL INSTITUTION OWNED AND GOVERNED BY ITS MEMBERSHIP. AT COMMUNITY FINANACIAL, WE ARE COMMITTED TO OUR MEMBERS AND OUR COMMUNITIES. FOR OVER 60 YEARS, WE'VE PROVIDED OUR MICHIGAN MEMBERS COMPETITIVELY-PRICED SAVINGS AND LOANS PRODUCTS, OUTSTANDING SERVICE AND SUPPORT TO THEIR NEIGHBORHOODS. 0 0 PROMOTE THRIFT TO 61,887 MEMBERS BY OFFERING LOANS, DEPOSITS, AND OTHER FINANCIAL PRODUCTS. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12559 0 1 241 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 0 0 1 0 0 0 0 X MARGARET PANKOW 7345828820 PO BOX 8050 PLYMOUTH MI 481708050 DON BAIN SECRETARY/TREASURER 1.00 X 0 0 0 AL BERRIE BOARD MEMBER 1.00 X 0 0 0 TERESA FOLINO CHAIRPERSON 1.00 X 0 0 0 DOUG FOPMA BOARD MEMBER 1.00 X 0 0 0 DAN HERRIMAN 1ST VICE CHAIRPERSON 1.00 X 0 0 0 MARK RIEGAL BOARD MEMBER 1.00 X 0 0 0 DEBBIE RONAYNE 2ND VICE CHAIRPERSON 1.00 X 0 0 0 KATHY ROBERT BOARD MEMBER 1.00 X 0 0 0 ADI SATHI BOARD MEMBER 1.00 X 0 0 0 STEVE ROWLEY SUPERVISORY COMMITTEE MEMBER 1.00 X 0 0 0 TERRY JOLLY SUPERVISORY COMMITTEE CHAIRPERSON 1.00 X 0 0 0 CAROL LEROUE SUPERVISORY COMMITTEE MEMBER 1.00 X 0 0 0 PAUL BEDICH SUPERVISORY COMMITTEE MEMBER 1.00 X 0 0 0 JENNIFER LANGAN SUPERVISORY COMMITTEE MEMBER 1.00 X 0 0 0 WILLIAM LAWTON CEO 40.00 X 345509 0 38210 MARGARET PANKOW CFO 40.00 X 233336 0 21978 RANDY PENNER CHIEF MARKETING & SALES OFFICER 40.00 X 200636 0 18860 CATHY MEYERS CHIEF HUMAN RESOURCES OFFICER 40.00 X 168420 0 31789 ERIC ESSER CHIEF MORTGAGE OFFICER 40.00 X 191030 0 21997 JILL JOHNSON CHIEF LENDING OFFICER 40.00 X 221225 0 6129 ART BEARD CHIEF IT OFFICER 40.00 X 160529 0 13370 DIANE KENNY VP SALES 40.00 X 202329 0 7337 1723014 0 159670 8 0 1 0 FIS 601 RIVERSIDE AVE JACKSONVILLE FL 32204 CARD PROCESSOR 1157101 SHAW CONSTRUCTION AND MANAGEMENT COMPANY 13980 FARMINGTON RD LIVONIA MI 48154 CONSTRUCTION AND MAINTENANCE SERVICES 522837 JACK HENRY & ASSOCIATION 663 W HWY 60 MONETT MO 65708 DATA PROCESSOR 345244 IDS 747 E WHITCOMB AVE MADISON HEIGHTS MI 48071 STATEMENT PROCESSING 259286 SUNNY MEDIA GROUP INC 39209 SIX MILE ROAD SUITE 165 LIVONIA MI 48152 MARKETING AGENCY 224255 14 MEMBER LOAN INCOME 522100 25853439 25853439 FEE INCOME 522100 4126374 4077344 49030 29979813 176604 176604 INTERCHANGE INCOME 900099 3133805 3133805 SALE OF LOANS 900099 1049547 1049547 INVESTMENT & INSURANCE INCOME 900099 769884 763568 6316 257527 257527 5210763 35367180 35311834 55346 0 17000 1882684 9033367 597255 2674082 935184 46048 72144 436607 1511486 2866427 1307270 377218 1742513 20428 LENDING 2308318 PROVISION EXPENSE 1105850 NCUA FEES 126662 192763 27253306 4296835 4306004 565990020 643626063 21959667 9930533 10814338 12029134 15482321 35953327 8373634 6056545 604957148 701971073 7489776 10650587 1561091 1879103 516265385 601693255 525316252 614222945 X 0 0 0 0 79640896 87748128 79640896 87748128 604957148 701971073 8113874 -6643 0 X 0 0 0 0 1 X 2902759 2902759 12280927 4436497 7844430 6775981 5494036 1281945 12029134 FEDERAL RESERVE 21712496 C CENCORP HI YIELD 3681128 C COMM BANK CDS 250000 C CMO'S 151699 C FHLBI STOCK 3189000 C CLF STOCK 1316131 C CUSO INVESTMENT 130300 C DMRIF CUSO INVSTMT 385936 C NCUA SHARE INS 5006637 C EXCESS SHARE DEP 130000 C 35953327 BORROWINGS 60000000 MEMBER SAVINGS 107462615 CHECKING 140586793 OTHER SAVINGS 30118425 MONEY MARKET 158947565 CERTIFICATES 104577857 601693255 PART IV, LINE 2B: THE ORGANIZATION MAINTAINS MEMBERS SHARES ESCROWS AND FHLBI INVESTOR ESCROWS. 1 SCHOLARSHIPS 17 17000 PART I, LINE 2: THE CREDIT UNION'S PROCEDURES FOR INSURING THE GRANT FUNDS ARE USED CONSISTENTLY WITH THE PURPOSE INCLUDE MAKING SCHOLARSHIP PAYMENTS DIRECTLY TO THE COLLEGE OR UNIVERSITY. X X 0 1 0 WILLIAM LAWTON CEO 284077 0 43205 0 18227 0 36000 0 2210 0 383719 0 0 0 MARGARET PANKOW CFO 193290 0 33815 0 6231 0 18000 0 3978 0 255314 0 0 0 RANDY PENNER CHIEF MARKETING & SALES OFFICER 165408 0 28997 0 6231 0 16541 0 2319 0 219496 0 0 0 CATHY MEYERS CHIEF HUMAN RESOURCES OFFICER 138524 0 23665 0 6231 0 26570 0 5219 0 200209 0 0 0 ERIC ESSER CHIEF MORTGAGE OFFICER 116860 0 67939 0 6231 0 17790 0 4207 0 213027 0 0 0 JILL JOHNSON CHIEF LENDING OFFICER 136523 0 23184 0 61518 0 910 0 5219 0 227354 0 0 0 ART BEARD CHIEF IT OFFICER 133702 0 20596 0 6231 0 13370 0 0 0 173899 0 0 0 DIANE KENNY VP SALES 100354 0 101975 0 0 0 5018 0 2319 0 209666 0 0 0 PART I, LINE 4B WILLIAM LAWTON CATHY MEYERS MARGARET PANKOW JILL JOHNSON RANDOLPH PENNER ERIC ESSER ART BEARD FORM 990, PART IV, LINE 11F: THE AUDITED FINANCIALS USE A REGULATORY YEAR END OF MARCH 31. AN AUDIT WILL NEXT BE PERFORMED FOR THE MARCH 31, 2016 YEAR END. FORM 990, PART VI, SECTION A, LINE 6 EACH ACCOUNT HOLDER IS A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS VOTE ON CHARTER CHANGES. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE ELECTRONIC AND FINANCIAL SOLUTIONS MANAGER REVIEWS THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIALS ARE POSTED IN EACH BRANCH OFFICE, UPDATED MONTHLY. THE GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC.