2011-05-09T16:10:40-07:00 2010-12-31 FINANCIAL STANDARDS GROUP INC 3615 NEWBURG ROAD LOUISVILLE KY 40218 990 2010-01-01 381735283 Credit Union Chartered in Michigan Upper Peninsula State Employees CU CRED 9067861146 PO Box 456 2501 1st Ave North Escanaba MI 49829 Raymond J Theoret 2011-05-09 Brian Kluger 2010 2016-03-07 17:11:31Z Raymond J Theoret PO Box 456 2501 1st Ave Escanaba MI 498290456 2395671 false false X www.upscu.com X 1955 MI Provide co-op financial services and products to members. 7 7 26 13 17277 -5891 0 2485554 2404539 62821 39112 1485 -63648 2549860 2380003 0 0 1017130 1080712 0 0 1540473 1395568 2557603 2476280 -7743 -96277 38511258 37339862 35338113 34244184 3173145 3095678 Provide co-op financial services and products to members. false false The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2010 was 5,699. The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2010 was 3,191. false false false false false false false false false false true false false false 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 false false false false false false false false true 1641 0 true 26 true true true false false false false false false false false false false false false false X 7 7 false false false false true true true true true false true true true true true true false true true true false false X Raymond J Theoret 9067861146 PO Box 456 2501 1st Ave North Escanaba MI 498290456 Raymond J Theoret 40.00 X 81244 0 7794 Michael Lilliquist 1.00 X 0 0 0 John Prokos 1.00 X 0 0 0 Howard Haulotte 1.00 X 0 0 0 Gary Titus 1.00 X 0 0 0 Darcy McLean 40.00 X 56383 0 5323 Cindy Asher 1.00 X 0 0 0 Bruce Andrews 1.00 X 0 0 0 Bob Chapman 1.00 X 0 0 0 137627 13117 0 false false false Fiserv 75 Remittance Dr Ste 6974 Chicago IL 60675 Data Processing 147729 1 0 VISA Interchange Income 522100 57364 57364 Other Program Revenue 522100 29028 29028 Interest on Loans 522100 1768446 1768446 Fees & Charges 522100 470623 470623 ATM \ Check Card Income 522100 79078 79078 2404539 39112 39112 0 0 15514 15668 -154 -154 -154 0 0 0 0 Insurance Handling Fees 524298 7897 7897 ATM Surcharge Income 525990 9534 9534 -80925 -80925 -63494 2380003 2362726 17277 0 0 0 0 150744 0 707153 58796 99786 64233 0 0 23182 0 0 0 0 57716 224193 203707 0 85335 0 0 0 268125 0 73216 57504 Provision for Loan Losses 95000 Other Operating Expenses 46489 NCUA Stabilization Expense 87792 MCSD Write-down 28342 Loan Servicing Expenses 144967 0 2476280 0 0 0 910000 823790 7170490 5778868 0 0 0 0 27444853 28051498 0 86668 64058 2333521 586911 1799340 1746610 0 191870 163528 0 0 908037 711510 38511258 37339862 375711 632062 34962402 33612122 35338113 34244184 X 3173145 3095678 3173145 3095678 38511258 37339862 X -96277 18810 X false false false false false 668180 668180 1044059 196766 847293 113609 48161 65448 507673 341984 165689 1746610 Member Share Accounts 21903613 Member Deposit Accounts 11708509 33612122 Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Documents are posted in lobby for public inspection. Copies are furnished upon request. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Employee loans are Management approved. Management loans are Board approved. Loans to Board members are governed by NCUA guidelines. Board members do not vote on related issues. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process Management reviews tax returns and forwards US Form 88798-EQ to tax preparer. Board reviews filed tax returns at next scheduled meeting. Form 990, Part VI, Line 7a Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting. Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Section 501c(14) Credit Union is composed of members.