2011-07-11T12:42:17-05:00 2010-12-31 DOEREN MAYHEW 755 W BIG BEAVER SUITE 2300 TROY MI 48084 990 2010-01-01 381681122 CREDIT UNIONS CHARTERED IN THE STATE OF EECU A COMMUNITY CREDIT UNION CRED 5177872060 1425 PARNALL RD JACKSON MI 49201 STEVE COBB 5177872060 2011-06-06 1 2482443000 2010 2016-02-24 21:20:13Z STEVE COBB 1425 PARNALL ROAD JACKSON MI 49201 7865239 0 1359 X WWW.EECU.US X 1936 MI THE PURPOSE OF EECU A COMMUNITY CREDIT UNION IS TO PROVIDE COMPETITIVE SHARE DEPOSITS AND LOAN PRODUCTS TO THE MEMBERSHIP BASE ACCORDING TO THE MICHIGAN CREDIT UNION ACT. 9 9 59 9 195485 -24861 0 0 5988227 6501668 771291 401047 713168 307552 7472686 7210267 0 0 0 0 2522325 2361253 0 0 0 4924669 4362548 7446994 6723801 25692 486466 106135275 102398071 96896151 92739548 9239124 9658523 A FULL-SERVICE FINANCIAL INSTITUTION SERVING FAMILIES SINCE 1936, PROVIDING MORE OPPORTUNITIES AND FINANCIAL SOLUTIONS BECAUSE WE ARE OWNED AND GOVERNED BY THE PEOPLE WHO UTILIZE ITS PRODUCTS AND SERVICES. 0 0 N/A 0 0 0 0 0 0 0 0 1 0 0 0 0 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 10 0 1 59 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JOHN ROOD 5177872060 1425 PARNALL RD JACKSON MI 49201 VICTOR MARSHALL 2.00 X 0 0 0 HOWARD ADAMS 2.00 X 0 0 0 KATHY EGAN 2.00 X 0 0 0 JESSICA BOTKE 2.00 X 0 0 0 BOB STOWE 2.00 X 0 0 0 THOMAS RUNKEL 2.00 X 0 0 0 BOB ARTHUR 2.00 X 0 0 0 TOM MAINO 2.00 X 0 0 0 TONY HORNER 2.00 X 0 0 0 STEVE COBB 40.00 X 144706 0 27153 CHARLES CANVASSER 40.00 X 86217 0 21685 230923 0 48838 1 0 1 0 FISERV 405 SCIENCE DRIVE MOORPARK CA 93021 DATA PROCESSING VENDOR 122181 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 90051 ONLINE BANKING VENDOR 100508 2 LOAN INCOME 522100 5305618 5305618 FEES AND CHARGES 522100 1196050 1196050 6501668 496251 496251 559768 654972 -95204 -95204 -95204 NON-MEMBER ATM FEES 525990 169965 169965 INTERCHARGE INCOME 522100 70017 70017 MISCELLANEOUS INCOME 522100 42050 42050 25520 25520 307552 7210267 6518531 195485 496251 279761 1441376 150728 328011 161377 2509 33401 179513 169884 280830 76307 794976 210755 298356 PROVISION FOR LOAN LOSS 818923 CREDIT CARD EXPENSE 294702 ORIGINATION FEES 236740 DIVIDEND EXPENSE 181569 EQUIPMENT RENTAL AND MA 157285 626798 6723801 1193974 1023197 15615563 13212330 33095 27887 81855430 82623114 72479 107735 5115593 3337409 1904047 1778184 5460687 3625624 106135275 102398071 950511 1095105 95945640 91644443 96896151 92739548 X 0 0 0 0 9239124 9658523 9239124 9658523 106135275 102398071 X 486466 -67067 X 0 0 0 217618 217618 2060247 882146 1178101 65258 10300 54958 1344635 1099510 245125 1427835 1345453 82382 1778184 MEMBER SHARES 91226706 PARTICIPATION LOANS 417737 91644443 X X X 0 1 0 STEVE COBB 130126 0 14580 0 0 0 15875 0 11278 0 171859 0 0 0 PART I, LINE 4A STEVEN COBB PARTICIPATED IN A SECTION 457(F) PLAN IN 2010 BUT DID NOT RECEIVE ANY BENEFIT IN 2010 FROM THIS PLAN. 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, THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO THE APPROVAL OF MEMBERS OR STOCKHOLDERS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WILL NOT BE PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE COMMITTEE MEETS WITH THE CEO EVERY MONTH BEFORE THE BOARD MEETING, AS WELL AS MAINTAINS CLOSE COMMUNICATION WITH THE CEO ABOUT VARIOUS ISSUES. FORM 990, PART VI, SECTION B, LINE 15 CUNA'S SALARY SURVEY IS USED AS A GUIDELINE FOR SALARY RANGES. PERFORMANCE REVIEWS ARE PERFORMED AT SIX MONTHS AND ANNUALLY. INCREASES ARE BASED ON PERFORMANCE AND WHERE THE EMPLOYEE IS WITHIN THEIR GIVEN RANGE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -67,067.