2012-11-13T11:00:28-06:00 2011-12-31 383635706 REHMANN ROBSON 5800 GRATIOT PO BOX 2025 SAGINAW MI 486052025 990 2011-01-01 381514946 SECURITY CREDIT UNION SECU 8102352322 3801 WEST BOULEVARD DRIVE FLINT MI 48505 LINDA HRCKA 8102352322 2012-10-30 1 JEFFREY E HERT CPA P00066715 9897999580 2012-10-25 2011 2016-02-24 21:20:13Z CHRISTOPHER ESTES 3801 WEST BOULEVARD DRIVE FLINT MI 48505 19296389 0 X WWW.SECURITYCU.ORG X 1954 MI TO BE OUR MEMBERS' PRIMARY FINANCIAL INSTITUTION. 15 15 146 15 233049 -304041 0 0 17451444 15612544 1912325 1797671 1818579 1886174 21182348 19296389 0 0 0 0 8577655 8633077 0 0 0 15626350 11760629 24204005 20393706 -3021657 -1097317 356887242 355801669 327683982 327695726 29203260 28105943 TO BE OUR MEMBERS' PRIMARY FINANCIAL INSITIUTION, DEDICATED TO QUALITY, THROUGH KNOWLEDGEABLE, CONCERNED PROFESSIONALS, PROUD OF OUR COMMITMENT TO EXCELLENCE AND FINANCIAL SECURITY. 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 9099 0 1 146 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 MI X LINDA HRCKA 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 ART MCGEE 2.00 X 0 0 0 JOE NIEDZWEICKI 2.00 X 0 0 0 RICHARD HAZEL 2.00 X 0 0 0 BEN CORTEZ 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 CHRISTOPHER ESTES 40.00 X 29463 0 7445 JOHN SAYER 40.00 X 150720 0 32528 TERRELL PIERCE 40.00 X 181560 0 36229 361743 0 76202 2 1 1 0 PSCU FINANCIAL SERVICES 560 CARILLION PKWY ST PETERSBURG FL 33716 CREDIT CARD & CHECK CARD SERVICES 678437 GILA GROUP 8325 TUSCANY WAY BLD 4 AUSTIN TX 78754 COLLECTION SERVICES 395224 DIEBOLD GLOBAL FINANCIAL PO BOX 644399 PITTSBURG PA 15264 ATM MAINTENANCE - SERVICE 350318 DATA MAIL SERVICES 747 E WHITCOMB AVE MADISON HEIGHTS MI 48071 STATEMENT PROCESSING 299730 MCKINLEY INC PO BOX 3125 ANN ARBOR MI 48106 BUILDING LEASE 295124 5 INCOME ON MEMBER LOANS 522100 11128957 11128957 FEES AND CHARGES 522100 4461039 4461039 SALE OF MORTGAGES 522100 22548 22548 15612544 1788096 1788096 9575 0 9575 9575 9575 INTERCHANGE INCOME 522100 1653125 1653125 INSURANCE PRODUCTS 524298 117744 117744 NON-MEMBER ATM FEES 525990 115305 115305 1886174 19296389 17265669 233049 1797671 220155 5137285 489856 2345207 440574 100571 37873 41220 423883 1581866 963602 1300219 66540 11470 736478 282866 PROVISION FOR LOAN LOSS 1651000 MEMBERS' SAVINGS DIVIDE 1235897 LOAN SERVICING 1011156 CREDIT CARD EXPENSE 945151 1370837 20393706 31532656 62333521 82373245 24979828 81646 362900 177976982 149928236 431619 455435 26411949 12747994 14831571 13663955 39279902 95046357 4455329 2600000 5924292 6431437 356887242 355801669 3104746 4045893 324579236 323649833 327683982 327695726 X 0 0 0 0 29203260 28105943 29203260 28105943 356887242 355801669 -1097317 0 X X 0 0 0 4220146 4220146 10667145 3323040 7344105 1547734 1147543 400191 9879699 8277411 1602288 97225 97225 13663955 MEMBERS' SHARES AND SAVINGS ACCOUNTS 322396239 ACCRUED DIVIDENDS PAYABLE 107823 ACCRUED PENSION LIABILITIES 1145771 323649833 X 1 1 X X X 0 0 0 JOHN SAYER 150720 0 0 0 0 0 18086 0 14442 0 183248 0 0 0 TERRELL PIERCE 181560 0 0 0 0 0 21787 0 14442 0 217789 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 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. FORM 990, PART XII, LINE 2C THE PROCESS IS CONSISTENT WITH THE PRIOR YEAR.