2015-08-14T07:22:45-07:00 2014-12-31 FINANCIAL STANDARDS GROUP INC 3615 NEWBURG ROAD LOUISVILLE KY 40218 990 2014-01-01 381735283 Credit Union Chartered in Michigan Upper Peninsula State Employees CU CRED 9067861146 PO Box 456 2501 1st Ave North Escanaba MI 49829 Raymond J Theoret CEO 2015-08-14 true Robin Rivers P01574462 8005225820 2014 2016-03-07 17:11:31Z Raymond J Theoret PO Box 456 2501 1st Ave Escanaba MI 498290456 2718869 false false X www.upscu.com X 1955 MI Provide financial services and products to members. 7 7 33 15 5568 -2227 0 2492499 2569230 36436 25210 109057 113951 2637992 2708391 0 0 1177463 1096465 0 0 1457732 1363485 2635195 2459950 2797 248441 45065263 50254569 41092453 46015253 3972810 4239316 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 12/31/2014 was 6,485. 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 12/31/2014 was 4,660. false false false false false false false false false false true false 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 1448 0 true 33 true true true false false false false false false false false false false X 7 7 false false false false true true true true true false true true false false false false false true true true false X Raymond J Theoret 9067861146 PO Box 456 2501 1st Ave North Escanaba MI 498290456 Howard Haulotte President 1.00 0.00 X 0 0 0 Bruce Andrews Vice President 1.00 0.00 X 0 0 0 Michael Lilliquist Director 1.00 0.00 X 0 0 0 Bob Chapman Treasurer 1.00 0.00 X 0 0 0 John Prokos Director 1.00 0.00 X 0 0 0 Gary Titus Secretary 1.00 0.00 X 0 0 0 Edward Smith Director 1.00 0.00 X 0 0 0 Raymond J Theoret CEO 40.00 0.00 X 92066 0 9206 Darcy McLean COO 40.00 0.00 X 65003 0 6500 157069 15706 0 false false false Fiserv 75 Remittance Dr Ste 6974 Chicago IL 60675 Data Processing 187724 1 0 ATM \ Check Card Income 522100 135090 135090 Fees & Charges 522100 155100 155100 Interest on Loans 522100 1924944 1924944 Share Draft Fees 522100 205082 205082 VISA Interchange Income 522100 90803 90803 58211 58211 2569230 25210 25210 0 0 3785 10478 -6693 -6693 -6693 0 0 0 0 ATM Surcharge Income 525990 5568 5568 GAP Insurance Rebates 524298 34800 34800 Insurance Handling Fees 524298 80276 80276 120644 2708391 2702823 5568 0 0 0 0 163569 0 706619 69416 84100 72761 0 0 0 0 0 0 0 62054 243461 251884 0 85179 28945 0 0 144190 0 60767 46282 Loan Servicing Expenses 195734 Provision for Loan Losses 81312 Loss on Disposal of F/A 65299 Other Misc. Operating Expenses 64867 33511 2459950 0 0 0 1114698 1129681 4175805 4756458 0 0 0 0 35306363 39271060 0 54361 66450 2431066 818356 1588967 1612710 0 1661187 2412737 0 0 1163882 1005473 45065263 50254569 528138 798795 40564315 45216458 41092453 46015253 X 3972810 4239316 3972810 4239316 45065263 50254569 248441 18065 X false true X true false 668180 668180 1044059 292998 751061 115209 74575 40634 603618 450783 152835 1612710 Member Deposit Accounts 11203672 Member Share Accounts 34012786 45216458 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 Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed 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 15b: Compensation Review and Approval Process for Officers and Key Employees 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.