2011-09-07T09:52:02-05:00 2010-12-31 DOEREN MAYHEW 755 W BIG BEAVER SUITE 2300 TROY MI 48084 990 2010-01-01 380960035 CREDIT UNION CHARTERED IN THE STATE OF COMMUNITY CHOICE CREDIT UNION CRED 8772432528 31155 NORTHWESTERN HIGHWAY FARMINGTON MI 48334 KELLI WISNER CFO 8772432528 2011-08-17 1 2482443000 2010 2016-02-24 21:20:13Z ROBERT BAVA 31155 NORTHWESTERN HWY FARMINGTON MI 48334 103266219 0 1359 X WWW.COMMUNITYCHOICECU.COM X 1935 MI THE CREDIT UNION'S PURPOSE IS TO PROVIDE COMPETITIVE DEPOSIT AND LOAN PRODUCTS TO THEIR MEMBERSHIP BASE ACCORDING TO THE MICHIGAN CREDIT UNION ACT. 8 8 179 0 392588 -6855 0 0 29381540 28606944 343010 1884549 4110768 793064 33835318 31284557 0 0 0 0 7966603 8533621 0 0 0 26030754 21952929 33997357 30486550 -162039 798007 434360190 433074945 400413833 398274515 33946357 34800430 COMMUNITY CHOICE CREDIT UNION IS A MEMBER OWNED, NOT-FOR-PROFIT FINANCIAL COOPERATIVE COMMITTED TO SERVING AS A TRUSTED ADVISOR TO OUR MEMBERS. WE ARE DEDICATED TO IMPROVING THE FINANCIAL LIVES OF OUR MEMBERS AND QUALITY OF LIFE FOR THE COMMUNITIES WE SERVE IN MICHIGAN. 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 1 0 1 0 0 0 0 0 1 1 1 0 1 16906 0 1 179 1 1 1 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X KELLI WISNER 8772432528 31155 NORTHWESTERN HWY FARMINGTON HILLS MI 48334 BOB BIGA 1.50 X 0 0 0 BRIAN WILSON 1.50 X 0 0 0 MARY MIKO 1.50 X 0 0 0 JAMES MATTIES 1.50 X 0 0 0 MARTHA SCHULTZ 1.50 X 0 0 0 GARY KLOTZ 1.50 X 0 0 0 THOMAS COOK 1.50 X 0 0 0 KATHLEEN BONUTTI 1.50 X 0 0 0 ROBERT BAVA 40.00 X 322215 0 21456 PHIL COOPER 40.00 X 187396 0 10139 KELLI WISNER 40.00 X 97151 0 11960 DAN MUNRO 40.00 X 114374 0 12591 KAREN CESARE 40.00 X 129454 0 9157 RAY BLACK 40.00 X 114067 0 12656 ELIZABETH SPADAFORE 40.00 X 121247 0 7989 WANDA HAYES 40.00 X 103006 0 6419 CATHERINE ROBERTS X 182407 0 5922 JUDITH HILLOCK X 0 0 0 1371317 0 98289 9 1 1 0 BLUE CROSS BLUE SHIELD 225 NORTH MICHIGAN AVENUE CHICAGO IL 60601 INSURANCE 778811 DIEBOLD INC PO BOX 643543 PITTSBURGH PA 15264 BANKING EQUIPMENT 203533 DATA MAIL SERVICES 747 E WHITCOMB MADISON HEIGHTS MI 48071 PRINTING AND STATEMENT PROCESSING 199012 HOLZMAN RITTER & CORKERY PLLC 28366 FRANKLIN ROAD SOUTHFIELD MI 48034 LEGAL SERVICES 129957 TEAM FACILITIES PO BOX 484 BLOOMFIELD HILLS MI 49303 BLDG. MAINTENANCE 120147 5 MEMBER LOANS 522100 21699429 21699429 FEE INCOME 522100 6907515 6907515 28606944 504358 504358 70302121 3059732 70068004 1913658 234117 1146074 1380191 1380191 GAIN FROM CUSO 522100 400476 400476 INVESTMENT INCOME 525990 207084 207084 INSURANCE INCOME 524298 123219 123219 62285 62285 793064 31284557 29007420 392588 1884549 650317 6091651 164990 1018133 608530 182486 90846 483925 493685 530060 1588097 56108 1036719 PROVISION FOR LOAN LOSS 8232783 DIVIDEND AND INTEREST E 2845928 DATA PROCESSING 1496083 LOAN SERVICING FEES 1036438 NCUSIF ADJUSTMENT 990396 2889375 30486550 4365847 4589112 14387435 12768924 5158031 4095932 326528137 326124552 995813 902552 29549346 9901368 20337552 19647978 49059147 52224560 13528228 12721335 434360190 433074945 3472234 3245625 396941599 395028890 400413833 398274515 X 0 0 0 0 33946357 34800430 33946357 34800430 434360190 433074945 X 798007 56066 X X 0 1 1 X 0 5170813 5170813 17237126 4462803 12774323 7141407 5438565 1702842 19647978 INVESTMENTS - AVAILABLE FOR SALE 48545377 C INVESTMENT IN CUSO 3679183 C 52224560 MEMBER SHARES 392028890 BORROWED FUNDS 3000000 395028890 31284557 30486550 798007 -349837 405903 56066 854073 30298428 4267 4267 30294161 990396 990396 31284557 29500421 4267 4267 29496154 990396 990396 30486550 PART XI, LINE 8 - OTHER ADJUSTMENTS: CAPITAL ACQUIRED IN MERGER 405,903. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAIN ON SALE OF ASSETS 4,267. PART XII, LINE 4B - OTHER ADJUSTMENTS: NCUSIF ADJUSTMENT 990,396. PART XIII, LINE 2D - OTHER ADJUSTMENTS: GAIN ON SALE OF ASSETS 4,267. PART XIII, LINE 4B - OTHER ADJUSTMENTS: NCUSIF ADJUSTMENT 990,396. X 1 1 X X X X 1 0 0 ROBERT BAVA 322215 0 0 0 0 0 9781 0 11675 0 343671 0 0 0 PHIL COOPER 187396 0 0 0 0 0 5669 0 4470 0 197535 0 0 0 CATHERINE ROBERTS 182407 0 0 0 0 0 5472 0 450 0 188329 0 0 0 PART I, LINE 4A KAREN CESARE RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $31,955. THOMAS COOK CHAIRMEN OF THE BOARD/OWNER OF TEAM FACILITIES 120147 THOMAS OWNS A FACILITIES COMPANY THAT HANDLES ALL OF THE CREDIT UNION FACILITY NEEDS FOR ALL LOCATIONS (LAWN SERVICE, OFFICE CLEANING, HEATING/COOLING, ETC.). 0 FORM 990, PART VI, SECTION A, LINE 6 ANY INDIVIDUAL THAT HAS AN ACCOUNT WITH THE CREDIT UNION IS A MEMBER OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER IS GIVEN ONE VOTE AND IS ABLE TO VOTE FOR THE GOVERNING BODY AT THE ANNUAL MEETING FORM 990, PART VI, SECTION A, LINE 7B MAJOR DECISIONS MADE BY THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS, STOCKHOLDERS, OR OTHER PERSONS; HOWEVER, DAY TO DAY DECISIONS ARE NOT SUBJECT TO APPROVAL. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 WILL NOT BE PROVIDED TO THE ORGANIZATION'S GOVERNING BODY PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH MEMBER OF THE BOARD OF DIRECTORS, MANAGEMENT, AND TEAM MEMBERS MUST BE TRAINED, REVIEW, AND SIGN OFF ON A CONFLICT OF INTEREST STATEMENT LISTING ANY POTENTIAL CONFLICTS. IF A POTENTIAL CONFLICT IS LISTED OR FOUND, EACH IS REVIEWED ON A CASE BY CASE BASIS. ANY CONFLICTS THAT ARE FOUND ARE DEALT WITH IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION USES A THIRD PARTY VENDOR, COMPEASE, THROUGH HRN MANAGEMENT GROUP TO ASSESS AND EVALUATE EVERY POSITION IN THE ORGANIZATION. COMPEASE, DEVELOPED BY KOKER GOODWIN AND ASSOCIATES, IS SALARY ADMINISTRATION SOFTWARE THAT HELPS DEVELOP AND MAINTAIN COMPETITIVE PAY RATES AND IMPROVE EMPLOYEE PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST ONLY. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -349,837. CAPITAL ACQUIRED IN MERGER 405,903. TOTAL TO FORM 990, PART XI, LINE 5: 56,066. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART IV, LINE 28C: ROBERT BAVA IS ON THE BOARD OF DIRECTORS OF THE FOLLOWING CREDIT UNION SERVICE ORGANIZATIONS: COMMERCIAL ALLIANCE MEMBER DRIVEN TECHNOLOGIES SALUS GROUP BENEFITS MEMBER FIRST MORTGAGE COMMUNITY CHOICE FOUNDATION INC 31155 NORTHWESTERN HIGHWAY FARMINGTON HILLS MI 48334 263891535 PUBLIC CHARITY MI 501(C)(3) 7 COMMUNITY CHOICE CREDIT UNION 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 COMMUNITY CHOICE FOUNDATION B 27000 CASH COMMUNITY CHOICE FOUNDATION N 15960 ESTIMATE COMMUNITY CHOICE FOUNDATION O 1326 CASH