2013-04-20T14:14:40-07:00 2012-12-31 FINANCIAL STANDARDS GROUP INC 3615 NEWBURG ROAD LOUISVILLE KY 40218 990 2012-01-01 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 2013-04-20 true Robin Rivers P01574462 5105274065 2012 2016-02-25 16:41:14Z Raymond J Theoret PO Box 456 2501 1st Ave Escanaba MI 498290456 2542778 false false X www.upscu.com X 1955 MI Provide financial services and products to members. 7 7 27 15 30985 -8269 0 2531376 2454153 28665 42902 14846 30985 2574887 2528040 0 0 1054211 1060191 0 0 1318660 1187276 2372871 2247467 202016 280573 41975826 43771112 38343610 39817057 3632216 3954055 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 6,228. 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 3,629. 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 true false false false false false false false false false false false false false false true 5375 0 true 27 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 Edward Smith 1.00 0.00 X 0 0 0 Gary Titus 1.00 0.00 X 0 0 0 John Prokos 1.00 0.00 X 0 0 0 Bob Chapman 1.00 0.00 X 0 0 0 Michael Lilliquist 1.00 0.00 X 0 0 0 Bruce Andrews 1.00 0.00 X 0 0 0 Howard Haulotte 1.00 0.00 X 0 0 0 Raymond J Theoret 40.00 0.00 X 86010 0 0 86010 0 false false false Fiserv 75 Remittance Dr Ste 6974 Chicago IL 60675 Data Processing 169100 1 0 VISA Interchange Income 522100 75463 75463 Other Program Revenue 522100 34059 34059 Interest on Loans 522100 1691572 1691572 Fees & Charges 522100 547390 547390 ATM \ Check Card Income 522100 105669 105669 2454153 42902 42902 0 0 10066 14738 -4672 -4672 -4672 0 0 0 0 Insurance Handling Fees 524298 8747 8747 GAP Insurance Rebates 524298 20366 20366 ATM Surcharge Income 525990 6544 6544 35657 2528040 2497055 30985 0 0 0 0 86010 0 702539 76545 129073 66024 0 0 23074 0 0 0 0 43649 163635 223125 0 73284 0 0 0 136104 0 70322 45629 Provision for Loan Losses 57488 Postage and Shipping 58419 Other Operating Expenses 76889 Loan Servicing Expenses 168875 46783 2247467 0 0 0 791915 796534 8787054 7594317 0 0 0 0 27955320 30637799 0 45513 41399 2326673 689756 1697291 1636917 0 1217000 1721681 0 0 1481733 1342465 41975826 43771112 655038 560211 37688572 39256846 38343610 39817057 X 3632216 3954055 3632216 3954055 41975826 43771112 X 280573 41266 X false true X true false 668180 668180 1044059 245429 798630 115209 63818 51391 499225 380509 118716 1636917 Member Share Accounts 30466931 Member Deposit Accounts 8789915 39256846 NA per 2012 Instructions X false true true 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 15b 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 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.