2013-05-15T13:32:34-05:00 2012-12-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT SUITE 500 AUBURN HILLS MI 48326 990 2012-01-01 381629793 MICHIGAN SCHOOLS & GOVERNMENT CREDIT UNION MICH 5862638800 40400 GARFIELD RD CLINTON TOWNSHIP MI 48038 STEVE BREWER 5862638800 2013-05-14 1 LYNNE HUISMANN P00053811 2483757100 2012 2016-02-24 21:20:13Z PETER GATES 40400 GARFIELD RD CLINTON TOWNSHIP MI 48038 305759705 0 1359 X WWW.MSGCU.ORG X 1954 MI CREDIT UNION OPERATED FOR MUTUAL PURPOSES. 9 9 252 11 0 0 0 0 45968601 45423192 4049231 4706474 0 0 50017832 50129666 88585 81707 0 0 11153136 13349335 0 0 0 33101857 21904293 44343578 35335335 5674254 14794331 1135729081 1235168777 1010712396 1095357761 125016685 139811016 X WE ARE A CARING ORGANIZATION DEDICATED TO PROMOTING FINANCIAL SUCCESS FOR OUR MEMBERS. 0 0 MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION IS A FULL SERVICE FINANCIAL INSTITUTION SERVING APPROXIMATELY 69,959 MEMBERS WITHIN SOUTHEASTERN MICHIGAN. THE CREDIT UNION FOCUSES ON MEETING THE NEEDS OF SCHOOL EMPLOYEES, STUDENTS AND ALUMNI AND GOVERNMENT WORKERS WITHIN AN EIGHT COUNTY AREA. MAJOR PRODUCTS AND SERVICES INCLUDE CONSUMER LENDING, A VARIETY OF SAVINGS AND INVESTMENT PRODUCTS, MORTGAGE LENDING, AND ANCILLARY SERVICES SUCH AS FINANCIAL EDUCATION AND SCHOLARSHIP PROGRAMS. AT THE END OF 2012 OUR LENDING PORTFOLIO TOTALED JUST OVER $667 MILLION. THE CONSUMER LENDING PORTION OF THE PORTFOLIO WAS NEARLY $222 MILLION. THE MORTGAGE PORTFOLIO WAS JUST OVER $407 MILLION AND THE BUSINESS LOAN PORTFOLIO WAS JUST OVER $38 MILLION. THE SAVINGS PORTFOLIO WAS NEARLY $1.089 BILLION. DURING 2012 THE CREDIT UNION SERVED HUNDREDS OF MEMBERS WITH OUR FINANCIAL EDUCATION SEMINARS WITH TOPICS INCLUDING: INVESTING, FINANCIAL AID FOR COLLEGE, WILLS & TRUSTS, SOCIAL SECURITY, IDENTITY THEFT, INSURANCE PLANNING, AND HOME BUYING. THE CREDIT UNION ALSO PROVIDED THREE YOUTH SEMINARS REGARDING CHECKING AND CREDIT TARGETED AT STUDENTS AGE 16 AND 17. ALSO IN 2012, THE CREDIT UNION CONTINUED ITS SCHOLARSHIP PROGRAM PROVIDING $12,000 TO HIGH SCHOOL MEMBERS ENTERING COLLEGE. IN 2012, THE CREDIT UNION ALSO DEDICATED AN ADDITIONAL $30,000 IN SCHOLARSHIPS ISSUED TO SCHOOL DISTRICTS FOR A TOTAL OF $42,000 THAT IS EARMARKED TO HELP HIGH SCHOOL SENIORS ENTERING COLLEGE. IN ADDITION TO THESE SCHOLARSHIPS, MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION ISSUED $6,000 IN SCHOLARSHIPS WITH OUR ADULTS MOVING FORWARD SCHOLARSHIP PROGRAM WHICH HELPS ADULTS OBTAIN RETRAINING THAT MAY BE NECESSARY DUE TO DISPLACEMENT, RETRAINING, OR OTHER ECONOMIC CHALLENGES. IN 2012, THE CREDIT UNION CONTINUED THE EDUCATIONAL SOLUTIONS CLASSROOM GRANT PROGRAM. THE CLASSROOM GRANT PROGRAM PROVIDED FUNDS TO TEACHERS TO BE USED FOR OTHERWISE UNFUNDED CLASSROOM PROJECTS. THERE WERE 52 MINI-GRANTS ISSUED TOTALING OVER $36,000 THAT WERE AWARDED TO EDUCATORS DURING THE 2012/2013 SCHOOL YEAR AND THE PROGRAM WILL LIKELY CONTINUE IN 2013 AND BEYOND. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 20259 0 1 252 1 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X PETER GATES 5862638800 40400 GARFIELD RD CLINTON TOWNSHIP MI 48038 MILO PERREAULT 1.00 X X 0 0 0 WILLIAM CAYEN 1.00 X X 0 0 0 RICHARD MAIERLE 1.00 X X 0 0 0 STEPHEN THOMAS 1.00 X 0 0 0 DOUGLAS SMITH 1.00 X 0 0 0 EDWARD CALLAHAN 1.00 X 0 0 0 JAMES MCCANN 1.00 X X 0 0 0 RICHARD SHOEMAKER 1.00 X 0 0 0 CHARLES THOMAS 1.00 X 0 0 0 TERESA DIMARIA 1.00 X 0 0 0 ELIZABETH ARGIRI 1.00 X 0 0 0 PETER GATES 40.00 X 572611 0 45288 LISA BURROUGHS 40.00 X 306067 0 42508 ROBERT BREWER 40.00 X 230713 0 38398 SCOTT TOWNSEND 40.00 X 204849 0 35630 TODD GUNDERSON 40.00 X 121117 0 50299 SALLY GIBSON 40.00 X 110000 0 0 ROBERT VINCENT 40.00 X 110327 0 26632 1655684 0 238755 7 0 1 0 RONNISCH CONSTRUCTION GROUP 320 MARTIN ST SUITE 30 BIRMINGHAM MI 48009 BRANCH CONSTRUCTION 1485885 DATAMAIL SERVICES 747 E WHITCOMB AVE MADISON HEIGHTS MI 48071 MAIL AND PRINTING SERVICES 772155 FIDELITY NATIONAL INFORMATION SERVICES 11601 ROOSEVELT BLVD ST PETERSBURG FL 33716 PLASTIC CARD SERVICES 728616 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 CORE PROCESSING 657650 DIEBOLD INC PO BOX 643543 PITTSBURGH PA 15264 TECHNOLOGY SERVICES 500564 21 LOAN INCOME 522100 36727940 36727940 FEE INCOME 522100 8695252 8695252 45423192 4607171 4607171 252845597 2883745 253071323 2558716 -225726 325029 99303 99303 50129666 50030363 0 99303 36207 45500 623399 8285395 680496 3022320 737725 132294 1214320 1133796 1324349 918590 1278024 34829 51687 1100902 DIVIDEND AND INTEREST E 6737807 PROVISION FOR LOAN LOSS 3533333 OPERATING EXPENSES 2159776 NCUSIF EXPENSE 981579 1303007 35335335 5496866 4475226 56364035 49619398 645923030 652055285 539750 676819 29146242 9352454 16017658 19793788 372283990 470471237 15162225 15090397 23941527 22986627 1135729081 1235168777 5561848 5904519 1401825 1390907 1003748723 1088062335 1010712396 1095357761 X 0 0 0 0 125016685 139811016 125016685 139811016 1135729081 1235168777 14794331 0 X X 0 1 X 1 0 0 1 X 7050379 7050379 14106162 3801247 10304915 7989701 5551207 2438494 19793788 MEMBERS SHARES 1088062335 1088062335 X PART IV, LINE 2B: ESCROW ACCOUNTS WERE HELD IN RELATION TO MEMBER MORTGAGE LOANS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: MSGCU IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. MSGCU IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. MSGCU'S WHOLLY OWNED SUBSIDIARY, MIA, AS A LIMITED LIABILITIY COMPANY, FLOWS ALL OF ITS INCOME TO MSGCU AND IS EXEMPT FROM PAYMENT OF FEDERAL AND STATE INCOME TAXES. MSGCU'S WHOLLY OWNED SUBSIDIARIES SOCRE AND FOO, HOWEVER, ARE SUBJECT TO FEDERAL AND STATE INCOME TAXES. MANAGEMENT EVALUATED MSGCU'S TAX POSITIONS AND CONCLUDED THAT MSGCU HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. MSGCU FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF MICHIGAN. 1 UTICA COMMUNITY SCHOOLS 11303 GREENDALE STERLING HEIGHTS MI 48312 386002552 115 7200 TO FUND CLASSROOM PROJECTS. 1 0 COLLEGE SCHOLARSHIPS 51 45500 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: AN APPLICATION IS REQUIRED FROM THE TEACHER APPLYING FOR THE GRANT. GRANTS ARE PAYABLE DIRECTLY TO THE SCHOOL AND TEACHERS FILE PAPERWORK WITH THEIR SCHOOL FOR REIMBURSEMENT OF CLASSROOM EXPENSES. WE HAVE A SCHOLARSHIP COMMITTEE REVIEW AND SELECT SUBMISSIONS. X X 1 1 X X X X 0 1 0 PETER GATES 485992 0 72966 0 13653 0 24500 0 20788 0 617899 0 2473 0 LISA BURROUGHS 271972 0 33214 0 881 0 24500 0 18008 0 348575 0 2449 0 ROBERT BREWER 204016 0 25500 0 1197 0 20827 0 17571 0 269111 0 0 0 SCOTT TOWNSEND 181540 0 22759 0 550 0 18245 0 17385 0 240479 0 0 0 TODD GUNDERSON 120790 0 0 0 327 0 8750 0 41549 0 171416 0 0 0 PART I, LINE 1A BOARD MEMBERS ARE ALLOWED TRAVEL FOR COMPANIONS. THE AMOUNTS ARE INCLUDED IN TAXABLE COMPENSATION. ALL EMPLOYEES ARE ELIGIBLE FOR THIS TAXABLE HEALTH AND FITNESS REIMBURSEMENT BENEFIT. PART I, LINE 4B THE CEO PARTICIPATES IN A 457(F) PLAN. HE RECEIVED NO PAYMENTS IN 2012. FORM 990, PART VI, SECTION A, LINE 6 EACH INDIVIDUAL THAT HAS AN ACCOUNT WITH THE CREDIT UNION IS A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11 THE CEO, CFO, AND ACCOUNTING MANAGER REVIEW THE COMPLETED 990 FORM PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD OF DIRECTORS COMPLETES A CONFLICT OF INTEREST DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, CEO COMPENSATION IS RECOMMENDED BY THE PERSONNEL COMMITTEE, A SUBCOMMITTEE OF THE BOARD OF DIRECTORS, AND APPROVED BY THE ENTIRE BOARD OF DIRECTORS. ON AN ANNUAL BASIS, ALL OTHER EMPLOYEE COMPENSATION IS SET BY THE CEO, SENIOR MANAGEMENT, AND HUMAN RESOURCES. WE UTILIZE D. HILTON, A THIRD PARTY COMPENSATION CONSULTANT IN JOB PRICING. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST ONLY. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. SOC REAL ESTATE INC 40400 GARFIELD RD CLINTON TOWNSHIP MI 48038 382658390 REAL ESTATE MI MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION C -321293 4063757 1.00000 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 SOC REAL ESTATE INC J 329316 MARKET LEASE RATES PER SQ FOOT SOC REAL ESTATE INC J 7392 ACTUAL COST SOC REAL ESTATE INC K 120000 ALLOCATION SOC REAL ESTATE INC P 120000 ALLOCATION