CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (EIN 38-1569911)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-08-29
- IRS object ID
- 201322419349300322
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-08-29T11:40:24-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 382492570 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DOEREN MAYHEW | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 305 WEST BIG BEAVER ROAD | AddressLine1 |
| City | TROY | City |
| State | MI | State |
| ZIP Code | 48084 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 381569911 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CREDIT UNIONS CHARTERED IN THE STATE OF | BusinessNameLine1 |
| Business Name Line2 | CO-OP SERVICES CREDIT UNION | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CRED | NameControl |
| Phone | 7345223700 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 29550 FIVE MILE RD | AddressLine1 |
| City | LIVONIA | City |
| State | MI | State |
| ZIP Code | 48154 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ANTHONY CARNARVON | Name |
| Title | PRESIDENT/CEO | Title |
| Phone | 7345223700 | Phone |
| Date Signed | 2013-08-20 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| PTIN | P00360662 | PTIN |
| Phone | 2482443000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ANTHONY CARNARVON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 29550 FIVE MILE ROAD | AddressLine1 |
| City | LIVONIA | City |
| State | MI | State |
| ZIP Code | 48154 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 100490628 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Group Exemption Number | 1356 | GroupExemptionNumber |
| Organization501c | X | Organization501c |
| Web Site | WWW.CSCU.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1954 | YearFormation |
| State Legal Domicile | MI | StateLegalDomicile |
| Activity Or Mission Description | FINANCIAL COOPERATIVE ORGANIZED TO PROVIDE MEMBERS WITH AFFORDABLE FINANCIAL SERVICES & PRODUCTS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 10 | NbrIndependentVotingMembers |
| Total Nbr Employees | 175 | TotalNbrEmployees |
| Total Nbr Volunteers | 4 | TotalNbrVolunteers |
| Total Gross UBI | 97313 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -213366 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 20747169 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 21993357 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4365616 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3586332 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 132621 | OtherRevenuePriorYear |
| Other Revenue Current Year | 97313 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 25245406 | TotalRevenuePriorYear |
| Total Revenue Current Year | 25677002 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6607531 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6992790 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 14526915 | OtherExpensePriorYear |
| Other Expenses Current Year | 12763966 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 21134446 | TotalExpensesPriorYear |
| Total Expenses Current Year | 19756756 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 4110960 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5920246 | RevenuesLessExpensesCY |
| Total Assets BOY | 400326323 | TotalAssetsBOY |
| Total Assets EOY | 399150475 | TotalAssetsEOY |
| Total Liabilities BOY | 354733219 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 347874444 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 45593104 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 51276031 | NetAssetsOrFundBalancesEOY |
| Mission Description | FINANCIAL COOPERATIVE ORGANIZED TO PROVIDE MEMBERS WITH AFFORDABLE FINANCIAL SERVICES & PRODUCTS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | MONEY MARKET ACCOUNTS - $99 MILLION | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBER SHARE ACCOUNTS - $89 MILLION | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | FIRST MORTGAGES - $79 MILLION | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 8886 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 175 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 10 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANTHONY CARNARVON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7345223700 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 29550 FIVE MILE RD | AddressLine1 |
| City | LIVONIA | City |
| State | MI | State |
| ZIP Code | 48154 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (18 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| KATHY RICHARDSON | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| BETTY J BOOHER | ||||||||
| TREASURER | 2.00 | X | 0 | 0 | 0 | |||
| JOANN CAIN | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| FRANCIS COUGHLIN LEFT 103112 | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| DAVID L KISIC | ||||||||
| SECRETARY | 2.00 | X | 0 | 0 | 0 | |||
| EMIL MUCCINO | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| MICHAEL A O'HEHIR | ||||||||
| CHAIRPERSON | 2.00 | X | 0 | 0 | 0 | |||
| SAMUEL R PALISE | ||||||||
| V. CHAIRPERSON | 2.00 | X | 0 | 0 | 0 | |||
| GLENN LEE | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| KAREN RAWLS | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| DAVID ADAMS JR | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| ANTHONY CARNARVON | ||||||||
| PRESIDENT/CEO | 45.00 | 249580 | 0 | 36872 | X | |||
| JEFF NOE LEFT 63012 | ||||||||
| EXECUTIVE VICE PRESIDENT | 40.00 | 81879 | 0 | 14100 | X | |||
| MARK WOLFE LEFT 111512 | ||||||||
| CFO | 45.00 | 166869 | 0 | 21426 | X | |||
| MARIE BEARDSLEE | ||||||||
| SENIOR VP - OPERATIONS | 45.00 | 163735 | 0 | 6876 | X | |||
| ANGELA KROGOL | ||||||||
| SEN. VP - MEMBER SERVICES | 45.00 | 111636 | 0 | 21779 | X | |||
| ROBERT KUDLA | ||||||||
| SENIOR VP - LENDING | 45.00 | 109338 | 0 | 21242 | X | |||
| CORRINA DEE DYE | ||||||||
| MORTGAGE DEPT MANAGER | 45.00 | 172709 | 0 | 21992 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1055746 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 144287 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| EDGE CREATIVE GROUP | |||||
| 23452 WOODWARD | FERNDALE | MI | 48220 | MARKETING | 485837 |
| NCR CORPORATION | |||||
| 14181 COLLECTIONS CENTER DR | CHICAGO | IL | 60693 | ATMS | 383000 |
| OPEN SOLUTIONS | |||||
| PO BOX 416564 | BOSTON | MA | 02241 | DATA PROCESSING | 251725 |
| DATAMAIL SERVICES INC | |||||
| 747 EAST WHITCOMB | MADISON HEIGHTS | MI | 48071 | MAILINGS | 238786 |
| RED LEVEL NETWORKS | |||||
| 24371 CATHERINE INDUSTRIAL DR | NOVI | MI | 48375 | COMPUTER SERVICES | 189328 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| LOAN INCOME | 522100 | 12836349 | 12836349 |
| FEE INCOME | 522100 | 9157008 | 9157008 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 21993357 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3444124 | TotalRevenueColumn |
| Exclusion | $3,444,124 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 74383950 | Securities |
| Other | 571884 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 74253500 | Securities |
| Other | 560126 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 130450 | Securities |
| Other | 11758 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 142208 | TotalRevenueColumn |
| Exclusion | $142,208 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|
| ATM INCOME | 525990 | 49385 | 49385 |
| FINANCIAL SERVICE INCOME | 525990 | 47928 | 47928 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 97313 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 25677002 | TotalRevenueColumn |
| Related Or Exempt Function Income | 21993357 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 97313 | UnrelatedBusinessRevenue |
| Exclusion | $3,586,332 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1093838 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4288269 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 242810 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 882683 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 485190 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 128178 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52772 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 89012 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1206864 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 569772 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 811897 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 175067 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 252520 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 748151 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77792 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| LOAN LOSS PROVISION | 3100000 |
| OFFICE OPERATIONS EXPEN | 1608235 |
| INTEREST AND DIVIDEND E | 1558249 |
| SCC EXPENSES | 622601 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1762856 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19756756 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3173789 | BOY |
| EOY | 1661375 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12025988 | BOY |
| EOY | 15627551 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 93046 | BOY |
| EOY | 96144 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 214725838 | BOY |
| EOY | 205094111 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 748357 | BOY |
| EOY | 420261 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 16746871 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 6929758 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9461110 | BOY |
| EOY | 9817113 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 146277211 | BOY |
| EOY | 152020951 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13820984 | BOY |
| EOY | 14412969 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 400326323 | BOY |
| EOY | 399150475 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2588891 | BOY |
| EOY | 3292179 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8750000 | BOY |
| EOY | 10000000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 343394328 | BOY |
| EOY | 334582265 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 354733219 | BOY |
| EOY | 347874444 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45593104 | BOY |
| EOY | 51276031 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45593104 | BOY |
| EOY | 51276031 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 400326323 | BOY |
| EOY | 399150475 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 5920246 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | -241285 | ReconciliationUnrealizedInvest |
| Reconcilation Prior Adjustment | 3966 | ReconcilationPriorAdjustment |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4240405 | OtherCostOrOtherBasis |
| Book Value | 4240405 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8742885 | OtherCostOrOtherBasis |
| Depreciation | 4039947 | Depreciation |
| Book Value | 4702938 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3763581 | OtherCostOrOtherBasis |
| Depreciation | 2889811 | Depreciation |
| Book Value | 873770 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 9817113 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | AVAILABLE FOR SALE | Description |
| Book Value | 152020951 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 152020951 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBER SHARES | Description |
| Amount | $334,582,265 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 334582265 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 25542085 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 23043 | OtherRevenues |
| Revenue Not Rptd F990 | 23043 | RevenueNotRptdF990 |
| Revenue Subtotal | 25519042 | RevenueSubtotal |
| Other Revenues Not Included | 157960 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 157960 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 25677002 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 19621839 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 23043 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 23043 | ExpensesNotRptdF990 |
| Expenses Subtotal | 19598796 | ExpensesSubtotal |
| Other Expenses Not Included | 157960 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 157960 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 19756756 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | DISPOSITION OF OREO INCLUDED IN OPERATING EXPENSE 23,043. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | DMI LOAN INTEREST INCLUDED IN OFFICE OPERATIONS EXPENSE 157,960. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | DISPOSITION OF OREO INCLUDED IN OPERATING EXPENSE 23,043. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | DMI LOAN INTEREST INCLUDED IN OFFICE OPERATIONS EXPENSE 157,960. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANTHONY CARNARVON | ||||||||||||||
| PRESIDENT/CEO | 227077 | 0 | 10001 | 0 | 12502 | 0 | 19757 | 0 | 17115 | 0 | 286452 | 0 | 0 | 0 |
| MARK WOLFE LEFT 111512 | ||||||||||||||
| CFO | 162924 | 0 | 2228 | 0 | 1717 | 0 | 9758 | 0 | 11668 | 0 | 188295 | 0 | 0 | 0 |
| MARIE BEARDSLEE | ||||||||||||||
| SENIOR VP - OPERATIONS | 153879 | 0 | 1468 | 0 | 8388 | 0 | 3879 | 0 | 2997 | 0 | 170611 | 0 | 0 | 0 |
| CORRINA DEE DYE | ||||||||||||||
| MORTGAGE DEPT MANAGER | 54064 | 0 | 118328 | 0 | 317 | 0 | 8359 | 0 | 13633 | 0 | 194701 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 4A | ReturnReference |
| Explanation | MARK WOLFE - SEVERANCE - $4,901 STEVEN DIUBLE - SEVERANCE - $45,167 MARIE BEARDSLEE - SEVERANCE - $107,897 | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | ALL ACCOUNT HOLDERS ARE REFERRED TO AS MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | CREDIT UNION MEMBERS ELECT THE BOARD MEMBERS. |
| 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 12C | IN ADDITION TO REGULAR ADHERENCE TO POLICY GUIDELINES, THE BOARD OF DIRECTORS PERFORMS AN ANNUAL REVIEW OF ALL POLICIES. IN ADDITION TO THE BOARD REVIEW, ANNUALLY THE STATE OF MICHIGAN REGULATORY EXAMINATION REVIEWS ALL POLICIES FOR COMPLIANCE. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPARABLE MARKET DATA IS USED FOR ALL KEY EMPLOYEES. A VOLUNTEER BOARD OF DIRECTORS UTILIZES MARKET DATA TO SET COMPENSATION OF THE CEO. THE CEO, WITHIN PRE-ESTABLISHED RANGES SET BY THE BOARD, ESTABLISHES THE COMPENSATION OF THE REMAINING KEY EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| WE HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. OUR PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |