2013-11-13T12:54:42-06:00 2012-12-31 383635706 REHMANN ROBSON 5800 GRATIOT PO BOX 2025 SAGINAW MI 486052025 990 2012-01-01 381514946 SECURITY CREDIT UNION SECU 8102352322 3801 WEST BOULEVARD DRIVE FLINT MI 48505 LINDA HRCKA 8102352322 2013-11-13 1 JEFFREY E HERT CPA P00066715 9897999580 2013-11-11 2012 2016-03-07 17:11:31Z CHRISTOPHER ESTES 3801 WEST BOULEVARD DRIVE FLINT MI 48505 19147086 0 X WWW.SECURITYCU.ORG X 1954 MI WE ARE OUR MEMBERS' TRUSTED, SECURE FINANCIAL COOPERATIVE. 14 14 129 14 290339 -444474 0 0 15612544 14447787 1797671 1835468 1886174 2375195 19296389 18658450 0 0 0 0 8633077 7056399 0 0 0 11760629 10701545 20393706 17757944 -1097317 900506 355801669 357433050 327695726 328500108 28105943 28932942 WE ARE OUR MEMBERS' TRUSTED, SECURE FINANCIAL COOPERATIVE DEDICATED TO PROVIDING EXCEPTIONAL VALUE, PERSONALIZED SERVICE, AND CONVENIENCE. 0 0 N/A 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 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 7023 0 1 129 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 1 0 MI X ADRIENNE HANSON 8102352322 3801 W BOULEVARD DR FLINT MI 48505 KENNITH SCOTT 2.00 X 0 0 0 JOHN TRUCHAN 2.00 X 0 0 0 DONALD SORENSEN 2.00 X 0 0 0 JOE NIEDZWEICKI 2.00 X 0 0 0 RICHARD HAZEL 2.00 X 0 0 0 GERALD DEMARIA 2.00 X 0 0 0 RONALD DODGE 2.00 X 0 0 0 VIC CARPENTER 2.00 X 0 0 0 LAUREN EMMONS 2.00 X 0 0 0 PHIL THICK 2.00 X 0 0 0 TOM CROOKS 2.00 X 0 0 0 WILDA FOY 2.00 X 0 0 0 DONALD HENRY 2.00 X 0 0 0 JESSIE COLLINS 2.00 X 0 0 0 CHRISTOPHER ESTES 40.00 X 229187 0 45841 JOHN SAYER 40.00 X 152943 0 32656 382130 0 78497 2 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLION PKWY ST PETERSBURG FL 33716 CREDIT CARD & CHECK CARD SERVICES 548121 FISERV 75 REMITTANCE DR SUITE 6956 CHICAGO IL 60675 COMPUTER SOFTWARE 442443 GILA GROUP 8325 TUSCANY WAY BLD 4 AUSTIN TX 78754 COLLECTION SERVICES 370692 DATA MAIL SERVICES 747 E WHITCOMB AVE MADISON HEIGHTS MI 48071 STATEMENT PROCESSING 268085 DIEBOLD PO BOX 644399 PITTSBURGH PA 15264 BANKING EQUIP. SERVICE 265794 5 INCOME ON MEMBER LOANS 522100 9832566 9832566 FEES AND CHARGES 522100 4504646 4504646 SALE OF MORTGAGES 522100 110575 110575 14447787 1815413 1815413 508691 488636 20055 20055 20055 INTERCHANGE INCOME 522100 2084856 2084856 INSURANCE PRODUCTS 524298 185911 185911 NON-MEMBER ATM FEES 525990 104428 104428 2375195 18658450 16532643 290339 1835468 460627 4645380 438018 1087170 425204 15240 30148 42995 366262 1497683 877897 1251844 93519 1170 651967 256000 PROVISION FOR LOAN LOSS 1655000 LOAN SERVICING 1360170 ATM EXPENSE 862666 CREDIT CARD EXPENSE 733381 1005603 17757944 62333521 47518818 24979828 16040035 362900 55881 149928236 156468433 455435 792998 26443789 13696235 13663955 12747554 95046357 116544123 2600000 600000 6431437 6665208 355801669 357433050 4045893 3894271 323649833 324605837 327695726 328500108 X 0 0 0 0 28105943 28932942 28105943 28932942 355801669 357433050 900506 -73507 0 X 0 0 0 4220146 4220146 10515567 3434358 7081209 1573742 1241840 331902 10128913 9020037 1108876 5421 5421 12747554 MEMBERS' SHARES AND SAVINGS ACCOUNTS 323423774 ACCRUED DIVIDENDS PAYABLE 67924 ACCRUED PENSION LIABILITIES 1114139 324605837 X 1 1 X X X 0 1 0 CHRISTOPHER ESTES 229187 0 0 0 0 0 27502 0 18339 0 275028 0 0 0 JOHN SAYER 152943 0 0 0 0 0 18353 0 14303 0 185599 0 0 0 PART I, LINE 1B EACH BOARD AND COMMITTEE MEMBER IS ENTITLED TO HAVE THEIR SPOUSE ACCOMPANY THEM TO THE CONFERENCE. FORM 990, PART VI, SECTION A, LINE 6 EVERY CLIENT THAT HAS AN ACCOUNT WITH OUR CREDIT UNION IS ALSO A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT MEMBERS OF THE GOVERNING BODY EACH YEAR AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B YES, SOME OF THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO THE APPROVAL OF REGULATORY AGENCIES. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11 A REVIEW IS COMPLETED BY THE VP OF FINANCE AND THE CEO BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C UPON ELECTION OR APPOINTMENT, THE BOARD OF DIRECTORS SIGN AN OATH OF OFFICE THAT INCLUDES A CONFLICT OF INTEREST STATEMENT. MANAGEMENT SIGNS A CONFLICT OF INTEREST POLICY ANNUALLY THAT IS REVIEWED BY THE CEO. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS CEO PERFORMANCE AND APPROVES CEO COMPENSATION, DOCUMENTED IN MINUTES AND CREDIT UNION EXECUTIVES SOCIETY ("CUES") AS WELL AS THE NATIONAL ASSOCIATION OF CREDIT UNION CHAIRMEN CEO SALARY SURVEY. THE CEO REVIEWS ALL EXECUTIVE COMPENSATION USING THE CREDIT UNION EXECUTIVES SOCIETY CUES GUIDE AND DOCUMENTATION IS RETAINED IN THEIR PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF EACH OFFICE. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST.