2011-10-12T14:35:29-05:00 2010-12-31 DOEREN MAYHEW 755 W BIG BEAVER SUITE 2300 TROY MI 48084 990 2010-01-01 380481580 MICHIGAN FIRST CREDIT UNION MICH 8006643828 27000 EVERGREEN ROAD LATHRUP VILLAGE MI 48076 MICHAEL POULOS 8006643828 2011-09-28 1 2482443000 2010 2016-03-07 17:11:31Z MICHAEL POULOS 27000 EVERGREEN LATHRUP VILLAGE MI 48076 45822927 0 1359 X WWW.MICHIGANFIRST.COM X 1926 MI TO BE THE ONLY FINANCIAL INSTITUTION FOR OUR MEMBERS. 9 9 316 0 1727023 -46640 0 0 42077801 39185996 6287874 3823169 3875702 1727023 52241377 44736188 0 0 0 0 12231225 12815546 0 0 0 34973925 29712852 47205150 42528398 5036227 2207790 529891525 567355438 452442391 487503964 77449134 79851474 TO BE THE ONLY FINANCIAL INSTITUTION FOR OUR MEMBERS. 0 0 N/A 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 1 1 0 0 1 14740 0 1 316 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X CLIFF BROWN 2483954178 27000 EVERGREEN ROAD LATHRUP VILLAGE MI 48076 RAYMOND DUDUS 1.00 X 0 0 0 INES DE JESUS 1.00 X 0 0 0 DIANE MANICA 1.00 X 0 0 0 SHEILA ANDERSON 1.00 X 0 0 0 RASHINDERPAL GILL 1.00 X 0 0 0 RICHARD LEMOYNE 1.00 X 0 0 0 DEIRDRE SCOTT 1.00 X 0 0 0 NADINE TIBBS-STALLWORTH 1.00 X 0 0 0 LINDA HEIGHT 1.00 X 0 0 0 MICHAEL POULOS 50.00 X X 285238 0 19472 JANET OSOSKI 50.00 X X 173356 0 20869 BRIAN DORCY RESIGNED 11110 50.00 X X 116116 0 15401 CLIFFORD BROWN 50.00 X X 86616 0 6516 MONICA HORGER 50.00 X 141138 0 19721 CHERYL MALLARD 50.00 X 125087 0 22232 SANDRA TOMLIN 50.00 X 116932 0 18346 GARY CRISTEA 50.00 X 0 0 0 LINDA DOUGLAS 50.00 X 113447 0 21138 1157930 0 143695 7 0 1 0 HOLZMAN CORKERY PLLC 28366 FRANKLIN ROAD SOUTHFIELD MI 48034 LEGAL SERVICES 509297 DATAMAIL 747 E WHITCOMB AVE MADISON HEIGHTS MI 48071 MAILING SERVICE 492974 WINCOR NIXDORF PO BOX 13320 NEWARK NJ 07101 ATM 451455 JACK HENRY & ASSOCIATES INC PO BOX 503328 ST LOUIS MI 53150 DATA PROCESSING 386858 ALIMAR SECURITY 19701 VERNIER STE 220 HARPER WOODS MI 48225 SECURITY 359929 5 MEMBER LOAN INCOME 522100 25412335 25412335 FEE INCOME 522100 13773661 13773661 39185996 4543010 4543010 366898 1086739 -719841 -719841 -719841 INSURANCE INCOME 524298 1546853 1546853 ATM INCOME 525990 78044 78044 MISCELLANEOUS 522100 75968 75968 26158 26158 1727023 44736188 39185996 1727023 3823169 1454353 8564714 295757 1681128 819594 347090 93145 318260 1479641 1343747 1466649 1662294 56885 105876 2042375 1353661 212446 PROVISION FOR LOAN LOSS 8345226 DIVIDENDS EXPENSE 3762303 ATM EXPENSES 1206252 NCUA PREMIUM ASSESSMENT 1090987 LOAN SERVICING EXPENSE 1005402 3820613 42528398 8483237 7866580 52480791 45588146 354356 607489 320643080 325040804 1552539 925475 36970071 10476517 26537473 26493554 110514096 148804598 9325953 12028792 529891525 567355438 3847245 4040790 448595146 483463174 452442391 487503964 X 0 0 0 0 77449134 79851474 77449134 79851474 529891525 567355438 X 2207790 194550 X X 0 1 1 X 0 3207738 3207738 16350357 1604592 14745765 1986856 954055 1032801 3480028 2759190 720838 11945092 5158680 6786412 26493554 INVESTMENTS 146689298 F FHLB STOCK 2115300 C 148804598 CORPORATE BORROWINGS 45000000 MEMBERS SHARE ACCOUNTS 438463174 483463174 44736188 42528398 2207790 208503 -13953 194550 2402340 45456029 719841 719841 44736188 0 44736188 43248239 719841 719841 42528398 0 42528398 PART XI, LINE 8 - OTHER ADJUSTMENTS: NET UNREALIZED GAINS ON POSTRETIREMENT BENEFITS -13,953. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSSES ON DISPOSITION OF OREO 719,841. PART XIII, LINE 2D - OTHER ADJUSTMENTS: LOSSES ON DISPOSITION OF OREO 719,841. 1 X X X 0 0 0 MICHAEL POULOS 238254 0 35191 0 11793 0 5808 0 13664 0 304710 0 0 0 JANET OSOSKI 146423 0 23187 0 3746 0 7531 0 13338 0 194225 0 0 0 MONICA HORGER 129596 0 13250 0 -1708 0 6480 0 13241 0 160859 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ALL ACCOUNT HOLDERS ARE REFERRED TO AS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THERE IS AN ANNUAL ELECTION IN WHICH THE MEMBERSHIP OF THE CREDIT UNION ELECTS THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION DOES NOT PROVIDE A COPY OF FORM 990 TO THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY CONFLICT OF INTEREST IS REPORTED TO THE CEO ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 SALARY RANGE REVIEW IS PERFORMED EVERY 2 YEARS BY AN INDEPENDENT CONTRACTOR (AMERICAN SOCIETY OF EMPLOYERS). FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 208,503. NET UNREALIZED GAINS ON POSTRETIREMENT BENEFITS -13,953. TOTAL TO FORM 990, PART XI, LINE 5: 194,550. FORM 990, PART XII, LINE 2C: A COMMITTEE EXISTS THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE ANNUAL FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MICHIGAN FIRST FOUNDATION INC 27000 EVERGREEN RD LATHRUP VILLAGE MI 48076 272487933 SCHOLARSHIPS & CHARITABLE CONTRIBUTIONS MI 501(C)(3) PF MICHIGAN FIRST CREDIT UNION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0