2011-11-10T09:47:56-06:00 2010-12-31 REHMANN ROBSON 5800 GRATIOT PO BOX 2025 SAGINAW MI 486052025 990 2010-01-01 381514946 SECURITY CREDIT UNION SECU 8102352322 3801 WEST BOULEVARD DRIVE FLINT MI 48505 LINDA HRCKA 8102352322 2011-11-08 1 JEFFREY E HERT CPA 9897999580 2010 2016-02-24 21:20:13Z TERRELL PIERCE 3801 WEST BOULEVARD DRIVE FLINT MI 48505 21182348 0 X WWW.SECURITYCU.ORG X 1954 MI TO BE OUR MEMBERS' PRIMARY FINANCIAL INSTITUTION. 16 16 159 16 313955 -283818 0 0 18500326 17451444 5639579 1912325 1576969 1818579 25716874 21182348 0 0 0 0 8987090 8577655 0 0 0 18644529 15626350 27631619 24204005 -1914745 -3021657 367318354 356887242 335093436 327683982 32224918 29203260 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 1 1 0 1 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 11444 0 1 159 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SUSAN THOMPSON 8102352355 3801 W BOULEVARD DR FLINT MI 48505 KEN SCOTT 2.00 X 0 0 0 JOHN TRUCHAN 2.00 X 0 0 0 DON SORENSEN 2.00 X 0 0 0 BEN CORTEZ 2.00 X 0 0 0 DON HENRY 2.00 X 0 0 0 PHIL THICK 2.00 X 0 0 0 TOM CROOKS 2.00 X 0 0 0 LAUREN EMMONS 2.00 X 0 0 0 VIC CARPENTER 2.00 X 0 0 0 RICHARD WEST 2.00 X 0 0 0 ART MCGEE 2.00 X 0 0 0 JERRY DEMARIA 2.00 X 0 0 0 WILDA FOY 2.00 X 0 0 0 RON DODGE 2.00 X 0 0 0 JOE NIEDZWIECKI 2.00 X 0 0 0 TERRELL PIERCE 40.00 X 211765 0 39473 JOHN SAYER 40.00 X 150755 0 32322 362520 0 71795 2 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PKWY ST PETERSBURG FL 33716 CREDIT CARD & CHECK CARD SERVICES 908792 GILA GROUP 6506 AIRPORT BLVD AUSTIN TX 78752 COLLECTION SERVICES 408163 DIEBOLD GLOBAL FINANCIAL PO BOX 644399 PITTSBURG PA 15264 ATM MAINTENANCE - SERVICE 402924 DATA MAIL SERVICES 747 E WHITCOMB AVE MADISON HEIGHTS MI 48071 MAILING SERVICES 361534 LEMMON TREE 3010 S PRIEST 103 TEMPE AZ 85282 ADVERTISING 194907 5 INCOME ON MEMBER LOANS 522100 13075690 13075690 FEES AND CHARGES 522100 4375754 4375754 17451444 1903405 1903405 8920 8920 8920 8920 INTERCHANGE INCOME 522100 1504624 1504624 NON-MEMBER ATM FEES 525990 187202 187202 INSURANCE PRODUCTS 524298 126753 126753 1818579 21182348 18956068 313955 1912325 434315 5630767 521139 1497138 494296 185323 653260 1056605 1463486 93651 828327 270730 PROVISION FOR LOAN LOSS 3153600 OTHER OFFICE EXPENSE 2695674 MEMBERS' SAVINGS DIVIDE 2441490 DATA PROCESSING 1019725 MEMBERS' SHARE INSURANC 868388 896091 24204005 21801090 31532656 49105726 82373245 93942 81646 199305856 177976982 609615 431619 26272449 11440878 15733799 14831571 63276984 43735231 17391342 5924292 367318354 356887242 1839428 3104746 333254008 324579236 335093436 327683982 X 0 0 0 0 32224918 29203260 32224918 29203260 367318354 356887242 -3021657 0 X X 0 0 0 4220146 4220146 10667143 3030025 7637118 1528170 1035908 492262 9773039 7374945 2398094 83951 83951 14831571 HELD-TO-MATURITY INVESTMENTS 39279902 C CERTIFICATES OF DEPOSIT 4455329 C 43735231 MEMBERS' SHARES AND SAVINGS ACCOUNTS 323222385 ACCRUED DIVIDENDS PAYABLE 227846 ACCRUED PENSION LIABILITIES 1129005 324579236 X 1 1 X X X 0 0 0 TERRELL PIERCE 211765 0 0 0 0 0 25222 0 14251 0 251238 0 0 0 JOHN SAYER 150755 0 0 0 0 0 18071 0 14251 0 183077 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 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS IS CONSISTENT WITH THE PRIOR YEAR.