IGNITE CREDIT UNION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: IGNITE CREDIT UNION (EIN 38-1480245)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-08-14
IRS object ID: 201202279349301480
Schema version: 2011v1.2
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
Form 990
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-08-14T11:16:15-00:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ORTH CHAKLER MURNANE AND CO CPAs	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	12060 SW 129 COURT SUITE 201	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33186	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	381480245	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	UNITED EDUCATIONAL CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	UNIT	NameControl
Phone	8006488035	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1160	AddressLine1
City	BATTLE CREEK	City
State	MI	State
ZIP Code	490161160	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JAYLEN T JOHNSON	Name
Title	VPCFO	Title
Date Signed	2012-08-14	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DOUGLAS ORTH	Name
Phone	3052328272	Phone
Date Prepared	2012-08-14	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	FRANCES GODFREY	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	115 RIVERSIDE DRIVE	AddressLine1
City	BATTLE CREEK	City
State	MI	State
ZIP Code	49015	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	15759069	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Group Exemption Number	1359	GroupExemptionNumber
Organization501c	X	Organization501c
Web Site	WWW.UNITEDECU.COM	WebSite
Type Of Organization Other	X	TypeOfOrganizationOther
Type Of Org Other Description	CREDIT UNION	TypeOfOrgOtherDescription
Year Formation	1936	YearFormation
State Legal Domicile	MI	StateLegalDomicile
Activity Or Mission Description	UNITED EDUCATIONAL CREDIT UNION IS THE BRIDGE THAT GIVES PEOPLE HOPE THAT TOMORROW CAN BE A BETTER DAY. UECU IS MADE UP OF HONEST PEOPLE WHOSE SOLE PURPOSE IS TO TAKE CARE OF THE FINANCIAL NEEDS OF OUR MEMBERS.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	35	TotalNbrEmployees
Total Nbr Volunteers	14	TotalNbrVolunteers
Total Gross UBI	6925	TotalGrossUBI
Net Unrelated Business Txbl Income	-3077	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	4125889	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3985423	ProgramServiceRevenueCY
Investment Income Prior Year	988636	InvestmentIncomePriorYear
Investment Income Current Year	1302573	InvestmentIncomeCurrentYear
Other Revenue Current Year	6000	OtherRevenueCurrentYear
Total Revenue Prior Year	5114525	TotalRevenuePriorYear
Total Revenue Current Year	5293996	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1461392	SalariesEtcPriorYear
Salaries Etc Current Year	1578457	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	3435427	OtherExpensePriorYear
Other Expenses Current Year	3200718	OtherExpensesCurrentYear
Total Expenses Prior Year	4896819	TotalExpensesPriorYear
Total Expenses Current Year	4779175	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	217706	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	514821	RevenuesLessExpensesCY
Total Assets BOY	104333910	TotalAssetsBOY
Total Assets EOY	110174603	TotalAssetsEOY
Total Liabilities BOY	95312341	TotalLiabilitiesBOY
Total Liabilities EOY	100259960	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	9021569	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	9914643	NetAssetsOrFundBalancesEOY
Mission Description	UNITED EDUCATIONAL CREDIT UNION IS THE BRIDGE THAT GIVES PEOPLE HOPE THAT TOMORROW CAN BE A BETTER DAY. UECU IS MADE UP OF HONEST PEOPLE WHOSE SOLE PURPOSE IS TO TAKE CARE OF THE FINANCIAL NEEDS OF OUR MEMBERS. WE EXPANDED OUR ABILITY TO PROVIDE STATE OF THE ART DELIVERY CHANNELS BY CONVERTING OUR CORE DATA PROCESSING SERVICES IN 2008.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	INCOME FROM CREDIT UNIONS MEMBERSHIP AND FROM INVESTMENT OF MEMBERS FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	true	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	3094	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	35	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	9	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	true	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	FRAN GODFREY	NamePerson
Telephone Number	2699657281	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	115 RIVERSIDE DR	AddressLine1
City	BATTLE CREEK	City
State	MI	State
ZIP Code	49015	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (11 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Individual Trustee Or DirectorIndividualTrusteeOrDirector
F GODFREY
PRESIDENT/CEO	060.00	X	93275	0	26894
D HICKS
DIRECTOR	001.00		0	0	0	X
D DITTMER
TREASURER	001.00		0	0	0	X
P FREDERICK
ASSIST TREASURER	001.00		0	0	0	X
R HARVEY
DIRECTOR	001.00		0	0	0	X
A MUMFORD
VICE CHAIRMAN	001.00		0	0	0	X
D VOSHELL
DIRECTOR	001.00		0	0	0	X
J JOHNSON
VICE PRESIDENT	050.00	X	71073	0	24273
J STANTON
CHAIRMAN	001.00		0	0	0	X
R STINSON
SECRETARY	001.00		0	0	0	X
V WELLS
DIRECTOR	001.00		0	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	164348	TotalReportableCompFromOrg
Total Other Compensation	51167	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (4 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
MESSA
1475 KENDALE BLVD PO BOX 2560	EAST LANSING	MI	488262560	HEALTH INSURANCE	317265
CUANSWERS
6000 28TH STREET SUITE 100	GRAND RAPIDS	MI	49546	CORE PROCESSOR	278878
FIS
601 RIVERSIDE AVE	JACKSONVILLE	FL	32204	ATM TRANSACTION PROCESSING	134241
NCUA
1775 DUKE AVE	ALEXANDRIA	VA	22314	CORPORATE CU ASSESSMENT	247315

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	4	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
INCOME ON LOANS	522100	2781492	2781492
FEES/CHARGES/OTHER INCOME	522100	1197006	1197006
UNRELATED BUSINESS INCOME	900099	6925		6925

Field	Value	IRS element (for citing)
Total Program Service Revenue	3985423	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1124797	TotalRevenueColumn
Related Or Exempt Function Income	1124797	RelatedOrExemptFunctionIncome

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	6000	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	6000	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	6000	TotalRevenueColumn
Related Or Exempt Function Income	6000	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	10619780	Securities
Other	23069	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	10415053	Securities
Other	50020	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	204727	Securities
Other	-26951	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	177776	TotalRevenueColumn
Related Or Exempt Function Income	177776	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	5293996	TotalRevenueColumn
Related Or Exempt Function Income	5287071	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	6925	UnrelatedBusinessRevenue

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	215515	Total
Program Services	215515	ProgramServices

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	864118	Total
Program Services	864118	ProgramServices

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	73368	Total
Program Services	73368	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	321558	Total
Program Services	321558	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	103898	Total
Program Services	103898	ProgramServices

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	56981	Total
Program Services	56981	ProgramServices

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	28796	Total
Program Services	28796	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	56199	Total
Program Services	56199	ProgramServices

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Fees For Services Prof Fundraising		FeesForServicesProfFundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	13376	Total
Program Services	13376	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	164004	Total
Program Services	164004	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	259339	Total
Program Services	259339	ProgramServices

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	278878	Total
Program Services	278878	ProgramServices

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	113759	Total
Program Services	113759	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	9901	Total
Program Services	9901	ProgramServices

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	51400	Total
Program Services	51400	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	827765	Total
Program Services	827765	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	16500	Total
Program Services	16500	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	154102	Total
Program Services	154102	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	53625	Total
Program Services	53625	ProgramServices

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	ADDITIONAL EXPENSES	Description
Total	1116093	Total
Program Services	1116093	ProgramServices

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	0	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	4779175	Total
Program Services	4779175	ProgramServices

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1381557	BOY
EOY	1197537	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	9559124	BOY
EOY	14786381	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	410340	BOY
EOY	517478	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	53912333	BOY
EOY	48195829	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	61910	BOY
EOY	69912	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	4185340	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	2451435	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	1771187	BOY
EOY	1733905	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	22878042	BOY
EOY	25855049	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	13249900	BOY
EOY	16779706	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	1109517	BOY
EOY	1038806	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	104333910	BOY
EOY	110174603	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	525086	BOY
EOY	415453	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	94787255	BOY
EOY	99844507	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	95312341	BOY
EOY	100259960	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	9021569	BOY
EOY	9914643	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	9021569	BOY
EOY	9914643	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	104333910	BOY
EOY	110174603	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	514821	ReconcilationRevenueExpenses
Reconcilation Other Changes	378253	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Included On FS	false	IncludedOnFS

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	544686	OtherCostOrOtherBasis
Book Value	400319	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	2109426	OtherCostOrOtherBasis
Depreciation	993048	Depreciation
Book Value	1116378	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1531228	OtherCostOrOtherBasis
Depreciation	1314020	Depreciation
Book Value	217208	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1733905	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (2 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
FEDERAL HOME LOAN BANK STOCK	283100	C
CERTIFICATES OF DEPOSIT - LONG TERM	16496606	C

Field	Value	IRS element (for citing)
Total Of Book Value Securities	16779706	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities (5 entries)

DescriptionDescription	AmountAmount
SHARE DRAFTS	$13,415,706
SHARES	$19,089,306
MONEY MARKET	$35,610,795
IRA SHARES	$1,764,794
CERTIFICATES	$29,963,906

Field	Value	IRS element (for citing)
Total Of Amounts	99844507	TotalOfAmounts
Total Revenue	5293996	TotalRevenue
Total Expenses	4779175	TotalExpenses
Excess Or Deficit For Year	514821	ExcessOrDeficitForYear
Net Unrealized GL On Investments	582926	NetUnrealizedGLOnInvestments
Other	-$204,673	OtherAmount
Total Adjustments	378253	TotalAdjustments
Excess Or Deficit Per FS	893074	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	5320947	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	5320947	RevenueSubtotal
Other Revenues Not Included	-26951	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	-26951	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	5293996	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	4806126	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	26951	OtherExpensesIncluded
Expenses Not Rptd F990	26951	ExpensesNotRptdF990
Expenses Subtotal	4779175	ExpensesSubtotal
Total Expenses Per Form990	4779175	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
X	2	FASB ASC 740-10-25 CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE MORE LIKELY THAN NOT STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. AS A RESULT OF ADOPTING ASC 740-10-25, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND
X	2 continued...	ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2010, 2009, AND 2008 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS.
X	2 continued...	THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS.
XII	4b	LOSS ON SALE OF OTHER REAL ESTATE OWNED REPORTED WITHIN EXPENSES IN AUDITED INCOME STATEMENT BUT REPORTED AS AN OFFSET OF REVENUE IN THE 990.
XIII	2d	LOSS ON SALE OF OTHER REAL ESTATE OWNED REPORTED WITHIN EXPENSES IN AUDITED INCOME STATEMENT BUT REPORTED AS AN OFFSET OF REVENUE IN THE 990.
XI	8	204,673 RECLASSIFICATION ADJUSTMENT FOR GAINS INCLUDED IN NET INCOME.

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Form 990 Part VI	6	THE CREDIT UNION HAS MEMBERS.
Form 990 Part VI	7A	THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS.
Form 990 Part VI	11A	UPON RECEIPT OF THE COMPLETED FORM 990, MANAGEMENT REVIEWS THE DOCUMENT FOR ACCURACY AND REASONABLENESS. ONCE THIS REVIEW IS COMPLETED, THE FORM 990 IS SUBMITTED TO THE BOARD OF DIRECTORS OF UNITED EDUCATIONAL CREDIT UNION PRIOR TO THE DOCUMENT BEING FILED.
Form 990 Part VI	12C	A LIST OF RELATED PARTIES IS COMPILED. EMPLOYEES WHO ARE AUTHORIZED TO TRANSACT WHERE A CONFLICT MIGHT OCCUR ARE RESTRICTED.
Form 990 Part VI	15AB	THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION.
Form 990 Part VI	19	GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE NCUAS WEBSITE VIA THE 5300 CALL REPORT FILING.
Form 990 Part XI	5	UNREALIZED HOLDING GAINS ON AVAILABLE-FOR-SALE INVESTMENTS ARISING DURING THE PERIOD IN THE AMOUNT OF 582,926 LESS 204,673 RECLASSIFICATION ADJUSTMENT FOR GAINS INCLUDED IN NET INCOME EQUALS 378,253.
Form 990 Part VI	4	THE CREDIT UNION RECEIVED A COMMUNITY CHARTER FOR THE FOLLOWING COUNTIES BARRY, BRANCH, CALHOUN, EATON, HILLSDALE, INGHAM, JACKSON, KALAMAZOO, AND ST. JOSEPH ARTICLE III OF THE BYLAWS.
		Form 990 Part VI Section A Line 6 THE CREDIT UNION HAS MEMBERS. Form 990 Part VI Section A Line 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. Form 990 Part VI Section B Line 11A UPON RECEIPT OF THE COMPLETED FORM 990, MANAGEMENT REVIEWS THE DOCUMENT FOR ACCURACY AND REASONABLENESS. ONCE THIS REVIEW IS COMPLETED, THE FORM 990 IS SUBMITTED TO THE BOARD OF DIRECTORS OF UNITED EDUCATIONAL CREDIT UNION PRIOR TO THE DOCUMENT BEING FILED. Form 990 Part VI Section B Line 12C A LIST OF RELATED PARTIES IS COMPILED. EMPLOYEES WHO ARE AUTHORIZED TO TRANSACT WHERE A CONFLICT MIGHT OCCUR ARE RESTRICTED. Form 990 Part VI Section B Line 15AB THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION. Form 990 Part VI Section C Line 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE NCUAS WEBSITE VIA THE 5300 CALL REPORT FILING. Form 990 Part XI Line 5 UNREALIZED HOLDING GAINS ON AVAILABLE-FOR-SALE INVESTMENTS ARISING DURING THE PERIOD IN THE AMOUNT OF 582,926 LESS 204,673 RECLASSIFICATION ADJUSTMENT FOR GAINS INCLUDED IN NET INCOME EQUALS 378,253. Form 990 Part VI Section A Line 4 THE CREDIT UNION RECEIVED A COMMUNITY CHARTER FOR THE FOLLOWING COUNTIES BARRY, BRANCH, CALHOUN, EATON, HILLSDALE, INGHAM, JACKSON, KALAMAZOO, AND ST. JOSEPH ARTICLE III OF THE BYLAWS.