2013-05-09T14:10:56-05:00 2012-12-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE COURT STE 500 AUBURN HILLS MI 48326 990 2012-01-01 381627404 CREDIT UNIONS CHARTERED IN THE OUR CREDIT UNION CRED 2485493838 3070 NORMANDY ROAD ROYAL OAK MI 48073 DEBORAH THOMPSON 2485493838 2013-05-07 1 LYNNE M HUISMANN P00053811 2483757100 2012 2016-02-25 16:41:14Z TINA DIX 3070 NORMANDY ROAD ROYAL OAK MI 48073 64586973 0 1359 X WWW.OURCUONLINE.ORG X 1959 MI WE ARE COMMITTED TO THE FINANCIAL WELL-BEING OF OUR MEMBERS, EMPLOYEES AND LOCAL COMMUNITIES. INDIVIDUALS, BUSINESSES, AND THE COMMUNITY WILL SEE US AS A PARTNER IN HELPING THEM ACHIEVE THEIR FINANCIAL GOALS AND ASPIRATIONS. OUR EMPLOYEES WILL HAVE PRIDE IN THE WORK THEY DO, AND IN TURN WILL FEEL VALUED, REWARDED AND RECOGNIZED FOR THEIR CONTRIBUTION. 7 7 90 7 319251 -9872 0 0 8394106 7774707 2794319 1413817 0 0 11188425 9188524 0 0 0 0 3439474 3184544 0 0 0 6666652 5308663 10106126 8493207 1082299 695317 204078102 207484441 187899511 189767736 16178591 17716705 AS A MEMBER-OWNED FINANCIAL COOPERATIVE, WE WILL UPHOLD THE HIGHEST STANDARDS IN OUR RELATIONSHIPS WITH MEMBERS, EMPLOYEES, AND THE COMMUNITY. WE WILL MAINTAIN EARNINGS AND RESERVES WHICH PROMOTE SOUND GROWTH AND ENCOURAGE MEMBER CONFIDENCE. 0 0 PROMOTED THRIFT TO 22,124 MEMBERS BY OFFERING LOANS, DEPOSITS, AND OTHER RELATED FINANCIAL PRODUCTS. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4980 0 1 90 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 0 0 1 1 1 1 0 X STACEY WILSON 2485493838 3070 NORMANDY ROAD ROYAL OAK MI 48073 JAMES GILSON 2.00 X 0 0 0 KAREN MASSUCCI 2.00 X 0 0 0 JEREMY WATER 2.00 X 0 0 0 JOEL DESHANE 2.00 X X 0 0 0 JAMES DRESBACH 2.00 X X 0 0 0 KATHLEEN DEYO 2.00 X X 0 0 0 JOSEPH KRIPLI 3.00 X X 0 0 0 THOMAS ZAMBERLAN 40.00 X 75922 0 66688 CHRISTINE DIX 40.00 X 117916 0 4417 STACY WILSON 40.00 X 11997 0 0 THOMAS BARAN 40.00 X 79133 0 3354 JUDITH HUBBEL 40.00 X 52824 0 2830 DEBORAH THOMPSON 40.00 X 137572 0 3667 475364 0 80956 2 0 0 0 FISERV EFT PO BOX 60000 SAN FRANCISCO CA 94111 ATM PROCESSING 407450 FISERV INC 75 REMITTANCE DRIVE SUITE 6942 CHICAGO IL 60675 CORE SYSTEM 196035 ONLINE RESOURCES PO BOX 630139 BALTIMORE MD 212630139 BILL PAYMENT VENDOR 111454 3 INTEREST ON LOANS 522100 4946693 4946693 FEES AND CHARGES 525990 2828014 2508763 319251 7774707 1406534 1406534 55363916 41816 55363732 34717 184 7099 7283 7283 9188524 8861990 319251 7283 556319 2151631 32159 226860 217575 68936 71452 66174 116515 273951 338004 459703 228828 21521 56346 1268942 114376 245594 CREDIT CARD AND BILL EX 589888 PROVISION FOR LOAN LOSS 531559 LOAN SERVICING 310791 ATM FEE 180484 365599 8493207 3883990 3233929 5202362 18380309 95111370 88365996 7078492 2867621 4217924 4210871 10617608 9532968 79527087 78605428 5517761 5154940 204078102 207484441 1595678 1401982 4992 4005 2000000 1000000 184298841 187361749 187899511 189767736 X 3273619 3273619 0 0 12904972 14443086 16178591 17716705 204078102 207484441 695317 842797 0 X 0 1 X 0 0 0 1 X 837512 837512 4322358 1493395 2828963 1918622 1374226 544396 4210871 MORTGAGE BACKED SECURTIES 4417759 F U.S. AGENCY ISSUED COLLATERALIZED MORTGAGE OBLIGATIONS 49909369 F ASSET BACKED AND OTHER AMORTIZING 24278300 F 78605428 MEMBERS SHARE AND SAVINGS 187361749 187361749 9072720 0 9072720 115804 115804 9188524 8377403 0 8377403 115804 115804 8493207 PART IV, LINE 2B: ESCROW ACCOUNT IS HELD FOR TAXES, INSURANCE, AND MORTGAGE INSURANCE FOR SOME MORTGAGE LOANS. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAINS AND LOSSES 7,099 LOAN SERVICING EXPENSE 108,705 PART XII, LINE 4B - OTHER ADJUSTMENTS: GAINS AND LOSSES 7,099 LOAN SERVICING EXPENSE 108,705 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS 22,124 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A CREDIT UNION MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY CEO, EXECUTIVE VICE PRESIDENT AND VICE PRESIDENT OF FINANCE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 15 CEO'S COMPENSATION IS REVIEWED AND ESTABLISHED BY THE COMPENSATION COMMITTEE (3 INDIVIDUAL BOARD MEMBERS). THEY UTILIZE INDUSTRY DATA (CUES & MCUL) FOR REVIEW AND DETERMINATION OF COMPENSATION. THE BOARD OF DIRECTORS HAS APPROVED THE COMPENSATION POLICY. THE BOARD OF DIRECTORS APPROVES PAY GRADES. COMPARIBILITY DATA IS USED FOR ALL OTHER STAFF INCLUDING THE EXECUTIVE MANAGEMENT THROUGH COMPEASE TO DETERMINE SALARY GRADES. DEPARTMENTS SUPERVISORS AND MANAGERS REVIEW AND PREPARE APPRAISAL EVALUATIONS. BASED ON THE APPRAISALS THE HUMAN RESOUCES DEPARTMENT PREPARES THE RECOMMENDED PAY RATE CHANGES. FINAL WRITTEN APPROVAL IS GIVEN BY THE CEO. THE PROCESS IS UNDERTAKEN ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSTING THEM IN THE LOBBY AND UPON REQUEST. THE GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.