2012-08-14T11:16:15-00:00 2011-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2011-01-01 381480245 UNITED EDUCATIONAL CREDIT UNION UNIT 8006488035 PO BOX 1160 BATTLE CREEK MI 490161160 JAYLEN T JOHNSON 2012-08-14 true DOUGLAS ORTH 3052328272 2012-08-14 2011 2016-02-24 21:20:13Z FRANCES GODFREY 115 RIVERSIDE DRIVE BATTLE CREEK MI 49015 15759069 false 1359 X WWW.UNITEDECU.COM X CREDIT UNION 1936 MI 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. 9 9 35 14 6925 -3077 0 4125889 3985423 988636 1302573 6000 5114525 5293996 0 0 1461392 1578457 0 0 3435427 3200718 4896819 4779175 217706 514821 104333910 110174603 95312341 100259960 9021569 9914643 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. false false 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. false false false false false false false false true true false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 3094 0 true 35 true true true false false false false false X 9 9 false false true false true true false true true false false false true true true false true true true false X FRAN GODFREY 2699657281 115 RIVERSIDE DR BATTLE CREEK MI 49015 F GODFREY 060.00 X 93275 0 26894 D HICKS 001.00 X 0 0 0 D DITTMER 001.00 X 0 0 0 P FREDERICK 001.00 X 0 0 0 R HARVEY 001.00 X 0 0 0 A MUMFORD 001.00 X 0 0 0 D VOSHELL 001.00 X 0 0 0 J JOHNSON 050.00 X 71073 0 24273 J STANTON 001.00 X 0 0 0 R STINSON 001.00 X 0 0 0 V WELLS 001.00 X 0 0 0 164348 51167 1 false false false 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 4 INCOME ON LOANS 522100 2781492 2781492 FEES/CHARGES/OTHER INCOME 522100 1197006 1197006 UNRELATED BUSINESS INCOME 900099 6925 6925 3985423 1124797 1124797 6000 6000 6000 6000 10619780 23069 10415053 50020 204727 -26951 177776 177776 5293996 5287071 6925 0 0 0 0 215515 215515 0 864118 864118 73368 73368 321558 321558 103898 103898 56981 56981 28796 28796 56199 56199 0 0 13376 13376 164004 164004 259339 259339 278878 278878 0 113759 113759 9901 9901 0 51400 51400 827765 827765 16500 16500 154102 154102 53625 53625 ADDITIONAL EXPENSES 1116093 1116093 0 4779175 4779175 1381557 1197537 9559124 14786381 410340 517478 53912333 48195829 61910 69912 4185340 2451435 1771187 1733905 22878042 25855049 13249900 16779706 1109517 1038806 104333910 110174603 525086 415453 94787255 99844507 95312341 100259960 X 9021569 9914643 9021569 9914643 104333910 110174603 X 514821 378253 X false true true X false false 544686 400319 2109426 993048 1116378 1531228 1314020 217208 1733905 FEDERAL HOME LOAN BANK STOCK 283100 C CERTIFICATES OF DEPOSIT - LONG TERM 16496606 C 16779706 SHARE DRAFTS 13415706 SHARES 19089306 MONEY MARKET 35610795 IRA SHARES 1764794 CERTIFICATES 29963906 99844507 5293996 4779175 514821 582926 -204673 378253 893074 5320947 5320947 -26951 -26951 5293996 4806126 26951 26951 4779175 4779175 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. 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.