2013-08-29T11:40:24-05:00 2012-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2012-01-01 381569911 CREDIT UNIONS CHARTERED IN THE STATE OF CO-OP SERVICES CREDIT UNION CRED 7345223700 29550 FIVE MILE RD LIVONIA MI 48154 ANTHONY CARNARVON 7345223700 2013-08-20 1 P00360662 2482443000 2012 2016-02-24 21:20:13Z ANTHONY CARNARVON 29550 FIVE MILE ROAD LIVONIA MI 48154 100490628 0 1356 X WWW.CSCU.ORG X 1954 MI FINANCIAL COOPERATIVE ORGANIZED TO PROVIDE MEMBERS WITH AFFORDABLE FINANCIAL SERVICES & PRODUCTS. 10 10 175 4 97313 -213366 0 0 20747169 21993357 4365616 3586332 132621 97313 25245406 25677002 0 0 0 0 6607531 6992790 0 0 0 14526915 12763966 21134446 19756756 4110960 5920246 400326323 399150475 354733219 347874444 45593104 51276031 FINANCIAL COOPERATIVE ORGANIZED TO PROVIDE MEMBERS WITH AFFORDABLE FINANCIAL SERVICES & PRODUCTS. 0 0 MONEY MARKET ACCOUNTS - $99 MILLION MEMBER SHARE ACCOUNTS - $89 MILLION FIRST MORTGAGES - $79 MILLION 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8886 0 1 175 1 1 1 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X ANTHONY CARNARVON 7345223700 29550 FIVE MILE RD LIVONIA MI 48154 KATHY RICHARDSON 2.00 X 0 0 0 BETTY J BOOHER 2.00 X 0 0 0 JOANN CAIN 2.00 X 0 0 0 FRANCIS COUGHLIN LEFT 103112 2.00 X 0 0 0 DAVID L KISIC 2.00 X 0 0 0 EMIL MUCCINO 2.00 X 0 0 0 MICHAEL A O'HEHIR 2.00 X 0 0 0 SAMUEL R PALISE 2.00 X 0 0 0 GLENN LEE 2.00 X 0 0 0 KAREN RAWLS 2.00 X 0 0 0 DAVID ADAMS JR 2.00 X 0 0 0 ANTHONY CARNARVON 45.00 X 249580 0 36872 JEFF NOE LEFT 63012 40.00 X 81879 0 14100 MARK WOLFE LEFT 111512 45.00 X 166869 0 21426 MARIE BEARDSLEE 45.00 X 163735 0 6876 ANGELA KROGOL 45.00 X 111636 0 21779 ROBERT KUDLA 45.00 X 109338 0 21242 CORRINA DEE DYE 45.00 X 172709 0 21992 1055746 0 144287 6 0 1 0 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 7 LOAN INCOME 522100 12836349 12836349 FEE INCOME 522100 9157008 9157008 21993357 3444124 3444124 74383950 571884 74253500 560126 130450 11758 142208 142208 ATM INCOME 525990 49385 49385 FINANCIAL SERVICE INCOME 525990 47928 47928 97313 25677002 21993357 97313 3586332 1093838 4288269 242810 882683 485190 128178 52772 89012 1206864 569772 811897 175067 252520 748151 77792 LOAN LOSS PROVISION 3100000 OFFICE OPERATIONS EXPEN 1608235 INTEREST AND DIVIDEND E 1558249 SCC EXPENSES 622601 1762856 19756756 3173789 1661375 12025988 15627551 93046 96144 214725838 205094111 748357 420261 16746871 6929758 9461110 9817113 146277211 152020951 13820984 14412969 400326323 399150475 2588891 3292179 8750000 10000000 343394328 334582265 354733219 347874444 X 0 0 0 0 45593104 51276031 45593104 51276031 400326323 399150475 5920246 -241285 3966 0 X X 0 1 X 1 0 4240405 4240405 8742885 4039947 4702938 3763581 2889811 873770 9817113 AVAILABLE FOR SALE 152020951 F 152020951 MEMBER SHARES 334582265 334582265 25542085 23043 23043 25519042 157960 157960 25677002 19621839 23043 23043 19598796 157960 157960 19756756 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. X 1 1 X X 1 0 0 ANTHONY CARNARVON 227077 0 10001 0 12502 0 19757 0 17115 0 286452 0 0 0 MARK WOLFE LEFT 111512 162924 0 2228 0 1717 0 9758 0 11668 0 188295 0 0 0 MARIE BEARDSLEE 153879 0 1468 0 8388 0 3879 0 2997 0 170611 0 0 0 CORRINA DEE DYE 54064 0 118328 0 317 0 8359 0 13633 0 194701 0 0 0 PART I, LINE 4A MARK WOLFE - SEVERANCE - $4,901 STEVEN DIUBLE - SEVERANCE - $45,167 MARIE BEARDSLEE - SEVERANCE - $107,897 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.