2015-11-13T09:47:24-06:00 2014-12-31 LAKE MICHIGAN CREDIT UNION 4027 LAKE DR SE STE 100 GRAND RAPIDS MI 495468812 990 2014-01-01 381215360 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 48 LAKE MICH CU CRED 6162429790 PO BOX 2848 GRAND RAPIDS MI 49501 TERRY O'ROURKE CFO 6162429790 2015-11-13 2015-11-13 2014 2016-04-25 22:37:26Z X SANDY JELINSKI PO BOX 2848 GRAND RAPIDS MI 49501 401770846 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 1043 2480556 -199305 0 135187221 157247899 38507187 31394754 0 173694408 188642653 0 0 46957237 54927931 0 0 72725770 77306008 119683007 132233939 54011401 56408714 3041411625 3539495204 2711343708 3142670033 330067917 396825171 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 132233939 PROVIDING LOW LOAN RATES AND HIGH DEPOSIT RATES TO OUR MEMBER OWNERS. 132233939 132233939 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 1043 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 TERRY OROURKE 6162346334 4027 LAKE DR SE GRAND RAPIDS MI 49546 LIST AVAILABLE UPON REQUEST BOARD MEMBER X 0 0 0 LIST AVAILABLE UPON REQUEST STRATEGY GRO 40.00 X 4362265 0 192375 LIST AVAILABLE UPON REQUEST HIGHEST EMPL 40.00 X 1871284 0 103514 6233549 295889 2 false true false NEWCO 3400 ROGER B CHAFFE SW GRAND RAPIDS MI 49548 BUILDING 1202397 AT&T PO BOX 5014 CAROL STREAM IL 60197 PHONE 1171074 FIRST AMERICAN TITLE 4362 CASCADE RD GRAND RAPIDS MI 49546 TITLE 1150274 CBC INNOVIS PO BOX 535595 PITTSBURGH PA 15253 CREDIT 892641 LERETA LLC 1123 PARK VIEW DRIVE COVINA CA 91724 TAX 811480 62 INTEREST ON MEMBER LOANS 522291 86618968 86618968 INTERCHANGE AND OTHER 522100 37184763 37184763 FEES AND CHARGES ON ACCOUNTS 522291 18424145 18424145 MORTGAGE SERVICING RIGHTS 525990 12539467 12539467 INSURANCE REVENUE 525990 1585510 1585510 895046 895046 157247899 15960991 15960991 159299646 69262310 153975235 59152958 5324411 10109352 15433763 15433763 188642653 154767343 2480556 31394754 4362265 4362265 41365048 41365048 1394427 1394427 4538169 4538169 3268022 3268022 492815 492815 553460 553460 149086 149086 3060457 3060457 7186781 7186781 2074956 2074956 5108053 5108053 426853 426853 27173750 27173750 5007534 5007534 398753 398753 LOAN SERVICING 14314417 14314417 BANK/ CARD SERVICE CHARGE 7299872 7299872 MISC EXPENSE 4059221 4059221 132233939 132233939 0 0 167042238 199995673 155424 67389 14634018 95600 1787599904 2367140723 53079911 125539275 4228307 5061945 79787043 30002917 51085111 49784126 876170413 689261591 19672652 21159425 353889 3682200 67389758 77707257 3041411625 3539495204 8127205 17155405 7489372 13959824 248000000 403000000 2447727131 2708554804 2711343708 3142670033 X 330067917 396825171 330067917 396825171 3041411625 3539495204 56408714 10297383 51157 X false true X true false false true X 16356182 16356182 33827373 8767225 25060148 531169 443787 87382 18792988 13947599 4845389 10279331 6844306 3435025 49784126 TOTAL DEPOSITS 2708554804 2708554804 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 3420749 878782 62734 192375 4554640 LIST AVAILABLE UPON REQUEST HIGHEST EMPLOYEES 1871284 103514 1974798 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 SENIOR FINANCIAL ANALYST 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 FORM 990, PART XI, LINE 9 OCI 59,832 LIFE SAVINGS 8,675 LAKE MICHIGAN FINANCIAL GROUP LAKE MICHIGAN FINANCIAL GROUP PO BOX 2088 PO BOX 2088 GRAND RAPIDS MI 49501 454172202 FINANCIAL MI LMCU LAKE MICHIGAN CREDIT UNION 1427511 8685175 N/A