2012-09-24T14:22:25-05:00 2011-12-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT SUITE 500 AUBURN HILLS MI 48326 990 2011-01-01 381582963 CREDIT UNIONS CHARTERED IN THE STATE OF CENTRAL MACOMB COMMUNITY CREDIT UNION CRED 5864667800 PO BOX 2800 MT CLEMENS MI 48046 DREMA D ISAAC 5864667800 2012-09-05 1 COLLETTE PRIES P00290509 2483757100 2011 2016-02-24 21:20:13Z DREMA D ISAAC PO BOX 2800 MT CLEMENS MI 48046 9781552 0 1359 X WWW.CMCCU.COM X 1957 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND 7 7 71 7 183020 26670 0 0 9103732 8126335 56702 308178 176992 183020 9337426 8617533 0 0 0 0 2305223 2151867 0 0 0 8295224 5464825 10600447 7616692 -1263021 1000841 153210439 148244695 141517965 135667424 11692474 12577271 TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND 0 0 PROMOTED THRIFT TO 16,305 MEMBERS BY OFFERING LOANS, DEPOSITS, AND OTHER FINANCIAL INSTRUMENTS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 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 4121 0 1 71 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X MELINDA REDMAN 5864667800 PO BOX 2800 MT CLEMENS MI 48046 JOSEPH D KAY 2.00 X X 0 0 0 JAMES D ELLIS 2.00 X X 0 0 0 CHRISTINA J NUTTALL 2.00 X X 0 0 0 EDWARD J COTTER 2.00 X 0 0 0 JOHN KOSTKA 2.00 X 0 0 0 RAYMOND W WHITE JR 2.00 X 0 0 0 ROBERT JACQUES 2.00 X 0 0 0 DREMA ISAAC 40.00 X 186673 0 30297 HEATHER BADE 40.00 X 45512 0 2027 JOSEPH F HALLMAN 40.00 X 119631 0 16243 MELINDA REDMAN 40.00 X 66789 0 11062 418605 0 59629 2 0 1 0 FISERV 255 FISERV DRIVE PO BOX 979 BROOKFIELD WI 530080979 DATA PROCESSING AND CORE SERVICES 540042 1 INTEREST ON LOANS RECE 522100 5798094 5798094 FEES AND CHARGES 522100 2328241 2328241 8126335 520982 520982 951215 1164019 -212804 -212804 -212804 INSURANCE PRODUCT SALE 524298 157996 157996 NON MEMBER ATM FEES 525990 25024 25024 183020 8617533 8647317 183020 -212804 X 495032 1316847 18739 169985 151264 45894 34545 71279 81722 170127 160996 157358 14420 4628 1376574 478555 559 TAX EXPENSE 4306 PROVISION FOR LOAN LOSS 795749 NCUA IMPAIRMENT 405080 LOAN SERVICING EXPENSE 352043 1310990 7616692 14242983 9710739 105728356 93525047 221209 141797 7593609 3391809 4518645 4201800 23462759 36371814 5036487 4293498 153210439 148244695 1076126 1306742 140441839 134360682 141517965 135667424 X 0 0 0 0 11692474 12577271 11692474 12577271 153210439 148244695 X 1000841 -116044 X X 0 1 1 X 0 1294546 1294546 4478419 1969258 2509161 3830 3177 653 1816814 1419374 397440 4201800 CERTIFICATES OF DEPOSIT 20179711 F AVAILABLE FOR SALE SECURITIES 15026403 F CORPORATE CAPITAL 545900 C FHLB STOCK 619800 C 36371814 MEMBER SHARES 134360682 134360682 8617533 7616692 1000841 -115108 -936 -116044 884797 9056783 439250 439250 8617533 0 8617533 8055942 439250 439250 7616692 0 7616692 PART XII, LINE 2D - OTHER ADJUSTMENTS: GAIN LOSS OREO 387,273 GAIN LOSS ON ANNUITY 51,977 PART XIII, LINE 2D - OTHER ADJUSTMENTS: GAIN LOSS OREO 387,273 GAIN LOSS ON ANNUITY 51,977 X 1 1 X X 0 1 0 DREMA ISAAC 166403 0 20037 0 233 0 17031 0 13266 0 216970 0 0 0 PART I, LINE 1A PRESIDENT/CEO - NOT TREATED AS TAXABLE PART I, LINE 4B THE PRESIDENT/CEO, DREMA ISAAC, PARTICIPATES IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN. DREMA ISAAC DID NOT RECEIVE ANY PAYMENTS FROM THE PLAN IN THE CURRENT YEAR. FORM 990, PART VI, SECTION A, LINE 6 ALL ACCOUNT HOLDERS ARE REFERRED TO AS MEMBERS FORM 990, PART VI, SECTION A, LINE 7A ALL OF THE CREDIT UNION MEMBERS (CUSTOMERS) VOTE FOR THE DIRECTORS ON A YEARLY BASIS FORM 990, PART VI, SECTION B, LINE 11 THE AVP OF FINANCE REVIEWS THE FORM 990 AND PRODUCES A MEMO TO THE BOARD OUTLINING THE UBIT TAXES, ALONG WITH PROVIDING THEM A LINK TO THE 990 IF THEY CHOOSE TO VIEW IT FORM 990, PART VI, SECTION B, LINE 12C A REVIEW IS COMPLETED AT VARIOUS TIMES THROUGH THE YEAR. COMPLIANCE WITH THE POLICY IS MONITORED BY THE AVP OF HUMAN RESOURCES. EMPLOYEES MUST DISCLOSE ANY CONFLICTS WHEN HIRED AS THEY ARE NOT ALLOWED TO PROCESS TRANSACTIONS WHEN THERE IS A RELATIONSHIP WITH A MEMBER AND CAN BE TERMINATED FOR FAILURE TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S SALARY IS REVIEWED AND APPROVED BY THE BOARD. THE PROCESS WAS LAST UNDERTAKEN IN SEPTEMBER OF 2009. THE BOARD REVIEWS AND APPROVES ANNUALLY THE SALARY ADMINISTRATION POLICY FOR OFFICERS AND EMPLOYEES. ALL SALARY INCREASES ARE DOCUMENTED IN WRITING. VARIOUS TRADE SALARY AND BENEFIT SURVEYS WERE USED TO ASSIST IN SETTING SALARY OF THE OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALL OTHER FUNCTIONAL EXPENSES FORM 990, PART X, LINE 24E DEBIT/CREDIT CARD EXPENSE: TOTAL EXPENSES 335,637. SERVICE CENTER EXPENSE: TOTAL EXPENSES 281,210. MISCELLANEOUS: TOTAL EXPENSES 273,422. ATM EXPENSE: TOTAL EXPENSES 271,738. REPAIRS AND MAINTENANCE: TOTAL EXPENSES 74,510. MANAGER/STAFF EXPENSE: TOTAL EXPENSES 61,214. DUES AND SUBSCRIPTIONS: TOTAL EXPENSES 13,259. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -115,108. PRIOR PERIOD ADJUSTMENTS: -936. TOTAL TO FORM 990, PART XI, LINE 5: -116,044. FORM 990, PART XII, LINE 2C: WE HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. OUR PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.