2012-08-13T07:52:58-05:00 2011-12-31 382492570 DOEREN MAYHEW 755 W BIG BEAVER SUITE 2300 TROY MI 48084 990 2011-01-01 381681122 CREDIT UNIONS CHARTERED IN THE STATE OF EECU A COMMUNITY CREDIT UNION CRED 5177872060 1425 PARNALL RD JACKSON MI 49201 STEVE COBB 5177872060 2012-07-24 1 P00740435 2482443000 2011 2016-02-24 21:20:13Z STEVE COBB 1425 PARNALL ROAD JACKSON MI 49201 7279517 0 1359 X WWW.EECU.US X 1936 MI THE PURPOSE OF EECU A COMMUNITY CREDIT UNION IS TO PROVIDE COMPETITIVE SHARE DEPOSITS AND LOAN PRODUCTS TO THE MEMBERSHIP BASE ACCORDING TO THE MICHIGAN CREDIT UNION ACT. 8 8 56 8 201593 -72595 0 0 6501668 6365052 401047 410610 307552 315526 7210267 7091188 0 0 0 0 2361253 2381767 0 0 0 4362548 3630692 6723801 6012459 486466 1078729 102398071 111187005 92739548 100491732 9658523 10695273 A FULL-SERVICE FINANCIAL INSTITUTION SERVING FAMILIES SINCE 1936, PROVIDING MORE OPPORTUNITIES AND FINANCIAL SOLUTIONS BECAUSE WE ARE OWNED AND GOVERNED BY THE PEOPLE WHO UTILIZE ITS PRODUCTS AND SERVICES. 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 0 1 994 0 1 56 1 1 1 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X JOHN ROOD 5179903723 1425 PARNALL RD JACKSON MI 49201 VICTOR MARSHALL 2.00 X 0 0 0 HOWARD ADAMS 2.00 X 0 0 0 KATHY EGAN 2.00 X 0 0 0 JESSICA BOTKE 2.00 X 0 0 0 BOB STOWE 2.00 X 0 0 0 THOMAS RUNKEL 2.00 X 0 0 0 BOB ARTHUR 2.00 X 0 0 0 TOM MAINO 2.00 X 0 0 0 STEVE COBB 40.00 X 149465 0 27875 CHARLES CANVASSER 40.00 X 89420 0 21260 TINA HAMILTON 40.00 X 66846 0 18520 305731 0 67655 1 0 1 0 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 90051 ONLINE BANKING VENDOR 119649 FISERV 405 SCIENCE DRIVE MOORPARK CA 93021 DATA PROCESSING VENDOR 104032 2 LOAN INCOME 522100 5173290 5173290 FEES AND CHARGES 522100 1191762 1191762 6365052 419292 419292 179647 188329 -8682 -8682 -8682 NON-MEMBER ATM FEES AN 525990 173833 173833 INTERCHARGE INCOME 522100 71356 71356 MISCELLANEOUS INCOME 522100 42577 42577 27760 27760 315526 7091188 6478985 201593 410610 373386 1405508 84192 360892 157789 55565 41325 306759 184327 156496 280746 96335 641293 191923 283530 CREDIT CARD EXPENSE 330832 PROVISION FOR LOAN LOSS 237498 ORIGINATION FEES 149697 FEES 129036 545330 6012459 1023197 995664 13212330 19963261 27887 24849 82623114 85410770 107735 88325 3710228 1887417 1778184 1822811 3625624 2881325 102398071 111187005 1095105 1325407 91644443 99166325 92739548 100491732 X 0 0 0 0 9658523 10695273 9658523 10695273 102398071 111187005 X 1078729 -41979 X 0 0 0 217618 217618 2056490 922795 1133695 58555 36465 22090 650005 394245 255760 727560 533912 193648 1822811 MEMBER SHARES 98945498 PARTICIPATION LOANS 220827 99166325 X X X 0 1 0 STEVE COBB 132590 0 16875 0 0 0 15870 0 12005 0 177340 0 0 0 PART I, LINE 4B STEVEN COBB AND TINA HAMILTON PARTICIPATED IN A SECTION 457(F) PLAN IN 2011 BUT DID NOT RECEIVE ANY BENEFITS IN 2011 FROM THIS PLAN. CHARLES CANVASSER PARTICIPATES IN A 457(B) PLAN BUT DID NOT RECEIVE ANY BENEFITS. 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 B, LINE 11 FORM 990 WILL NOT BE PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE COMMITTEE MEETS WITH THE CEO EVERY MONTH BEFORE THE BOARD MEETING, AS WELL AS MAINTAINS CLOSE COMMUNICATION WITH THE CEO ABOUT VARIOUS ISSUES. FORM 990, PART VI, SECTION B, LINE 15 KEY EMPLOYEES' SALARIES ARE REVIEWED BY THE CEO AND COMPARED TO PUBLISHED INDUSTRY GUIDELINES. THE CEO'S SALARY IS REVIEWED AND DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -41,979.