2013-04-12T15:21:41-07:00 2012-12-31 FINANCIAL STANDARDS GROUP INC 3615 NEWBURG ROAD LOUISVILLE KY 40218 990 2012-01-01 381878763 Grand Valley Co-Op Credit Union GRAN 6169429630 3767 Sparks Drive SE Grand Rapids MI 49546 John Yeomans 2013-04-12 true Robin Rivers P01574462 5105274065 2012 2016-02-25 16:41:14Z John Yeomans 3767 Sparks Drive SE Grand Rapids MI 49546 5491729 false false X N/A X MI Provide financial services and products to members. 7 7 45 7 61943 19532 0 4851338 5010459 303125 419327 51163 61943 5205626 5491729 0 0 1506751 1575003 0 0 3166838 2723908 4673589 4298911 532037 1192818 79298659 88573528 70380199 78460572 8918460 10112956 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 12/31/2012 was 14,127. 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 12/31/2012 was 9,147. false false false false false false false false false false true true false false true false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 2931 0 true 45 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 true true true false true true true false X John Yeomans 6169429630 3767 Sparks Drive SE Grand Rapids MI 49546 Thomas Powers 1.00 0.00 X 0 0 0 Randy Tindle 1.00 0.00 X 0 0 0 Frederick Bartling 1.00 0.00 X 0 0 0 Gaylen Demarest 1.00 0.00 X 0 0 0 Jack Greiner 1.00 0.00 X 0 0 0 Yvonne Alles 1.00 0.00 X 0 0 0 Russ Herman 1.00 0.00 X 0 0 0 Bev Vander Well 40.00 0.00 X 49896 0 0 John Yeomans 40.00 0.00 X 110100 0 0 159996 1 false false false FIS Global 11601 Roosevelt Boulevard St Petersburg FL 33716 Card Services 194965 CU Answers 6000 28 St SE Ste 100 Grand Rapids MI 49546 Data Processing 282093 2 0 Visa Interchange Income 522210 149743 149743 Other Fees and Charges 522100 947619 947619 Interest on Loans 522100 3310646 3310646 Income from Fines 522100 602451 602451 5010459 419327 419327 0 0 0 0 0 0 0 Non-Member ATM Fees 525990 8154 8154 Insurance Revenue 524298 30311 30311 GAP Insurance Income 524298 23478 23478 61943 5491729 5429786 61943 0 0 0 0 159996 0 1070427 62408 174315 107857 0 0 31843 0 0 0 0 165310 161853 347685 0 243302 22366 0 0 361309 0 106874 47068 Loan Servicing Expense 183186 ATM Expenses 218347 Provision for Loan Losses 270589 Visa Card Expenses 282709 281467 4298911 0 0 0 803020 881948 11220354 11275478 0 0 874653 685154 0 50994663 51827884 0 49787 64871 3018791 1952749 1088507 1066042 0 12293264 20892808 0 0 1974411 1879343 79298659 88573528 943183 1216784 69437016 77243788 70380199 78460572 X 8918460 10112956 8918460 10112956 79298659 88573528 X 1192818 1678 X false true X true false 469685 469685 1323911 843003 480908 364561 336918 27643 860634 772828 87806 1066042 20892808 Member Shares 46099655 Member Deposits 31144133 77243788 NA per 2012 Instructions X false true true Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Other Increases = $1678 Form 990, Part VI, Line 19 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. Form 990, Part VI, Line 15a Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated Form 990, Part VI, Line 12c 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 11b 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 7b 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 7a 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 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Section 501c(14) Credit Union is composed of members.