2014-11-14T10:32:18-06:00 2013-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2013-01-01 381420780 RIVERS EDGE COMMUNITY CREDIT UNION RIVE 7345223700 29550 FIVE MILE ROAD LIVONIA MI 48154 ANTHONY CARNARVON PRES/CEO OF SUCCESSOR ORG 7345223700 2014-11-13 1 ROBIN D HOAG CPA P00360662 2482443000 2013 2015-11-30 17:44:51Z X X ANTHONY CARNARVON 29550 FIVE MILE ROAD LIVONIA MI 48154 3923313 0 X N/A X 1949 MI THIS IS A FINANCIAL COOPERATIVE TO PROVIDE MEMBERS WITH AFFORDABLE FINANCIAL SERVICES AND PRODUCTS. 7 7 42 7 23545 -39130 0 0 3533754 3294210 583193 592560 0 36492 4116947 3923262 0 0 0 0 1634778 1567043 0 0 0 1744204 4340556 3378982 5907599 737965 -1984337 89330722 0 82095976 0 7234746 0 BUILDING LIFELONG PARTNERSHIPS THROUGH PERSONALIZED BANKING SOLUTIONS. 0 0 PROVIDE 12,804 MEMBERS WITH REGULAR SAVINGS, CHECKING, MONEY MARKET, AND CERTIFICATES OF DEPOSIT ACCOUNTS TOTALING $81,455,845. PROVIDE LOANS INCLUDING VEHICLE, PERSONAL, MORTGAGE, HOME EQUITY, RECREATIONAL VEHICLE, SHARE SECURED AND CREDIT CARD LOANS TOTALING $38,554,080. OFFER AUTOMATED TELLER MACHINES, BILL PAYMENT, WIRE TRANSFERS, MONEY ORDERS AND VARIOUS INSURANCE PROGRAMS. 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 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1023 0 1 42 1 1 1 0 0 0 0 0 X 7 7 0 0 1 0 1 1 1 1 1 0 1 1 0 1 0 0 0 1 1 1 0 X ANTHONY CARNARVON 7345223700 29550 FIVE MILE RD LIVONIA MI 48154 JAMES KRIZAN BOARD CHAIRMAN 2.00 X X 0 0 0 MICHAEL SIMMS VICE CHAIRMAN 2.00 X X 0 0 0 PAUL MESSIMER SECRETARY 2.00 X X 0 0 0 KIP HORVATH TREASURER 2.00 X X 0 0 0 JOHN WEISE DIRECTOR 2.00 X 0 0 0 THOMAS CRETE DIRECTOR 2.00 X 0 0 0 DOUGLAS LEONARD DIRECTOR 2.00 X 0 0 0 THOMAS FISHER CEO 40.00 X 163602 0 43114 SANDRA MCDONOUGH VP LENDING 39.50 X 128158 0 28414 SUZANNE ZAVICAR AVP ACCOUNTING (RETIRED 5/31/13) 40.00 X 132571 0 29279 CINDY WILSON SENIOR SERVICE ASSOCIATE 39.50 X 100320 0 4356 524651 0 105163 4 0 1 0 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 DATA PROCESSING 258748 PSCU FINANCIAL SERVICES 580 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARDS 170123 2 LOAN INCOME 522100 2186581 2186581 FEE INCOME 522100 1107629 1107629 3294210 592611 592611 51 -51 -51 -51 NON-MEMBER ATM FEES 525990 19800 19800 MISCELLANEOUS INCOME 522100 12947 12947 SPRINT REBATE 525990 2774 2774 971 971 36492 3923262 3307157 23545 592560 525138 697344 64484 158830 121247 17113 22051 6575 163587 80604 253737 2793 137839 DATA PROCESSING EXPENSE 2046609 LOAN SERVICING EXPENSE 667921 OTHER OPERATING EXPENSE 278850 ATM EXPENSE 255062 407815 5907599 1803646 0 7820 0 0 495914 0 0 0 41206634 0 0 252985 0 0 0 2800497 0 0 36817684 0 4414725 0 0 1530817 0 89330722 0 1393528 0 80702448 0 82095976 0 X 0 0 0 0 7234746 0 7234746 0 89330722 0 X -1984337 -276611 16616 -4990414 X 0 0 0 X X 1 1 X X 0 0 0 THOMAS FISHER CEO 105273 0 7217 0 51112 0 21993 0 21121 0 206716 0 0 0 SANDRA MCDONOUGH VP LENDING 72413 0 5655 0 50090 0 3024 0 25390 0 156572 0 0 0 SUZANNE ZAVICAR AVP ACCOUNTING (RETIRED 5/31/13) 29834 0 2578 0 100159 0 3889 0 25390 0 161850 0 0 0 ALL ASSETS DISTRIBUTED IN A MERGER. 2013-12-31 5106749 THE ASSETS ARE VALUED AT FAIR VALUE. 381569911 ZEAL CREDIT UNION FKA CO-OP SERVICES CREDIT UNION 29550 FIVE MILE ROAD LIVONIA MI 48154 501(C)(14) 0 0 0 0 1 1 1 1 0 FORM 990, PART VI, SECTION A, LINE 4 RIVERS EDGE COMMUNITY CREDIT UNION MERGED WITH ZEAL CREDIT UNION EFFECTIVE 12/31/13. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE AND VOTING. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED AT THE ANNUAL MEETING. EACH BOARD MEMBER IS ELECTED FOR A THREE YEAR TERM. FORM 990, PART VI, SECTION A, LINE 7B STATE OF MICHIGAN BY-LAWS ARE FOLLOWED WHENEVER A VOTE IS REQUIRED OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD HAS DESIGNATED THE PRESIDENT/CEO AND THE FINANCIAL MANAGEMENT TEAM WITH THE RESPONSIBILITY OF REVIEWING AND APPROVING THE RETURN. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE MARKET DATA IS UTILIZED FOR ALL KEY EMPLOYEES. A VOLUNTEER BOARD OF DIRECTORS UTILIZES MARKET DATA TO SET THE COMPENSATION OF THE CEO. THE CEO, WITHIN PRE-ESTABLISHED RANGES, SET BY THE BOARD OF DIRECTORS, ESTABLISHES THE COMPENSATION OF THE REMAINING KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY. OTHER DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION DURING REGULAR BUSINESS HOURS AT THE PRIMARY OFFICE UPON REQUEST. FORM 990, PART XI, LINE 9: MERGER -5,106,749. POSTRETIREMENT HEALTH 116,335.