Civic Intelligence

Fedcom Credit Union

EIN 38-0592915 • 501(c)14 • Grand Rapids, MI

View Organization Page

Profile

To provide competitive deposit and loan products to the membership base according to the Michigan Credit Union act.

150 Ann Street NWGrand Rapids, MI 49505

www.fedcomcu.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.89x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

38th percentile

15.48x

Higher debt load relative to revenue than 38% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2016

Net Margin

32nd percentile

7.2%

Higher net margin than 32% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

80th percentile

5.4%

Faster asset growth than 80% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

22nd percentile

4.1%

Faster revenue growth than 22% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$62,328,465

Up $3,207,690 (+5.4%) from 2015

Liabilities

Up

$55,438,182

Up $2,942,384 (+5.6%) from 2015

Net Assets

Up

$6,890,283

Up $265,306 (+4.0%) from 2015

Operations
Liabilities / Revenue38th percentileNet Margin32nd percentile

Revenue

Up

$3,582,290

Up $142,288 (+4.1%) from 2015

Expenses

Up

$3,322,702

Up $188,354 (+6.0%) from 2015

Net Income

Down

$259,588

Down $46,066 (-15%) from 2015

Trend Graphs

Balance Sheet Trend

Asset Growth80th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $46,899,561Liabilities 2010: $41,943,877Net Assets 2010: $4,955,6842010Assets 2011: $48,825,326Liabilities 2011: $43,642,002Net Assets 2011: $5,183,3242011Assets 2012: $51,477,456Liabilities 2012: $45,886,336Net Assets 2012: $5,591,1202012Assets 2013: $52,600,151Liabilities 2013: $46,576,742Net Assets 2013: $6,023,4092013Assets 2014: $55,316,426Liabilities 2014: $48,997,103Net Assets 2014: $6,319,3232014Assets 2015: $59,120,775Liabilities 2015: $52,495,798Net Assets 2015: $6,624,9772015Assets 2016: $62,328,465Liabilities 2016: $55,438,182Net Assets 2016: $6,890,2832016

Highlighted filing

2016

Assets$62,328,465
Liabilities$55,438,182
Net Assets$6,890,283
Open 2016 Filing

Operations Trend

Revenue Growth22nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $2,687,0982010Expenses 2011: $2,427,6832011Expenses 2012: $2,336,8512012Revenue 2013: $2,928,821Expenses 2013: $2,493,414Net Income 2013: $435,4072013Revenue 2014: $3,038,499Expenses 2014: $2,741,545Net Income 2014: $296,9542014Revenue 2015: $3,440,002Expenses 2015: $3,134,348Net Income 2015: $305,6542015Revenue 2016: $3,582,290Expenses 2016: $3,322,702Net Income 2016: $259,5882016

Highlighted filing

2016

Revenue$3,582,290
Expenses$3,322,702
Net Income$259,588
Open 2016 Filing

Filings

Most recent year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$62,328,465
Liabilities
$55,438,182
Net assets
$6,890,283
Revenue
$3,582,290
Expenses
$3,322,702
Net income
$259,588
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$62.3$55.4$6.89$3.58$3.32$0.26
2015Detailed filing. Detailed filing data is available for this year.$59.1$52.5$6.62$3.44$3.13$0.31
2014Detailed filing. Detailed filing data is available for this year.$55.3$49.0$6.32$3.04$2.74$0.30
2013Detailed filing. Detailed filing data is available for this year.$52.6$46.6$6.02$2.93$2.49$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.5$45.9$5.59$2.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.8$43.6$5.18$2.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.9$41.9$4.96$2.69
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 4, 2017
Return Version
2016v3.0
Gross Receipts
$3,582,290
Mission and Program Overview

Mission

To provide competitive deposit and loan products to the membership base according to the Michigan Credit Union act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$42,513,978$43,535,009▲ $1,021,031
Savings and Temporary Cash Investments$6,063,323$10,239,824▲ $4,176,501
Rtn Earn Endowment Incm Other Fnds$6,624,977$6,890,283▲ $265,306
Investments Other Securities$6,685,112$4,710,577▼ $1,974,535
Land, Buildings, and Equipment, Net$1,466,613$1,648,410▲ $181,797
Cash and Non-Interest-Bearing Accounts$983,876$1,096,400▲ $112,524
Prepaid Expenses and Deferred Charges$614,065$516,883▼ $97,182
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$59,120,775$62,328,465▲ $3,207,690
Other Assets Total$793,808$581,362▼ $212,446
Liabilities
Other Liabilities$52,501,046$54,987,523▲ $2,486,477
Accounts Payable and Accrued Expenses$-5,248$450,659▲ $455,907
Total Liabilities$52,495,798$55,438,182▲ $2,942,384
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,624,977$6,890,283▲ $265,306
Total Liabilities and Net Assets / Fund Balance$59,120,775$62,328,465▲ $3,207,690

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,187,813$1,033,462$2,221,275
Equipment$114,620$501,231$615,851
Land$283,750-$283,750
Leasehold Improvements$62,226$28,767$90,993
Other Land Buildings$1-$1
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Anna Marie ZielinskiPresident & CEOFT$115,861$115,861
Clint HolshoeVP FinanceFT$66,163$66,163

Board Members and Trustees

NameTitle
Robert LancasterChairman
David BrockVice Chairman
Alfred PandlDirector
Bridget EklundDirector
Douglas ToddDirector
Jeanette TaylorDirector
Sara EkloveTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
CU AnswersData Processing600 28th Street SE, Grand Rapids, MI 48456-
Co-Op NetworkElectr Transact Svcs9692 Haven Ave, Ranch Cucamonga, CA 94730-
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,324,275
Investment Income
$233,736
Other Revenue
$24,279
Change in Net Assets
$259,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,959,492
Salaries, Compensation, and Employee Benefits$1,363,210
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$876,992
Office Expenses---$520,478
Interest---$270,310
Occupancy---$262,923
Advertising---$190,863
Other Employee Benefits---$189,567
Current Officers, Directors, Trustees, and Key Employees---$182,024
Payroll Taxes---$78,640
Travel---$38,486
Pension Plan Contributions---$35,987
Other Expenses---$17,977
All Other Expenses---$13,549
Total Functional Expenses$0$0$0$3,322,702
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$54,987,523
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“Section 501c(14) Credit Union is composed of members.”

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 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“Mergers are voted on by the entire membership.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.”

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 approved by the Board minus the lendee.”

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 19: Other Organization Documents Publicly Available

“Credit union bylaws and conflict of interest policy are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions.”

Filing and Contact Details

Filer

Filer Name
FEDCom Credit Union
EIN
38-0592915
Phone
6163647283
Address
150 Ann Street NW, Grand Rapids, MI 49505

Signing Officer

Name
Anna Marie Zielinski
Title
President & CEO
Signed
2017-05-04
Discuss with paid preparer
Yes

Organization Details

Formed
1925
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
32
Volunteers
7

Preparer

Firm
Financial Standards Group Inc
Address
3615 NEWBURG RD, LOUISVILLE, KY 40218
Preparer
Robert Draeger
Phone
8005225820
Raw XML AppendixShowing 400 of 430 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0-5248
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0450659
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To provide competitive deposit and loan products to the membership base according to the Michigan Credit Union act.
IRS990/AdvertisingGrp/TotalAmt0190863
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/TotalAmt013549
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Clint Holshoe
IRS990/BooksInCareOfDetail/PhoneNum06163647283
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0150 Ann Street NW
IRS990/BooksInCareOfDetail/USAddress/CityNm0Grand Rapids
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd049505
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0983876
IRS990/CashNonInterestBearingGrp/EOYAmt01096400
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0182024
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0600 28th Street SE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt19692 Haven Ave
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Grand Rapids
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1Ranch Cucamonga
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd048456
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd194730
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0CU Answers
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1Co-Op Network
IRS990/ContractorCompensationGrp/ServicesDesc0Data Processing
IRS990/ContractorCompensationGrp/ServicesDesc1Electr Transact Svcs
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0233736
IRS990/CYOtherExpensesAmt01959492
IRS990/CYOtherRevenueAmt024279
IRS990/CYProgramServiceRevenueAmt03324275
IRS990/CYRevenuesLessExpensesAmt0259588
IRS990/CYSalariesCompEmpBnftPaidAmt01363210
IRS990/CYTotalExpensesAmt03322702
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03582290
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2016 was 7,628.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt032
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt748.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0Robert Lancaster
IRS990/Form990PartVIISectionAGrp/PersonNm1Alfred Pandl
IRS990/Form990PartVIISectionAGrp/PersonNm2Douglas Todd
IRS990/Form990PartVIISectionAGrp/PersonNm3Jeanette Taylor
IRS990/Form990PartVIISectionAGrp/PersonNm4Sara Eklove
IRS990/Form990PartVIISectionAGrp/PersonNm5Bridget Eklund
IRS990/Form990PartVIISectionAGrp/PersonNm6David Brock
IRS990/Form990PartVIISectionAGrp/PersonNm7Anna Marie Zielinski
IRS990/Form990PartVIISectionAGrp/PersonNm8Clint Holshoe
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7115861
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt866163
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt7President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP Finance
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01925
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt03582290
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt0270310
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0233736
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0233736
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt06685112
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt04710577
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt01012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01563460
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01466613
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01648410
IRS990/LandBldgEquipCostOrOtherBssAmt03211870
IRS990/LegalDomicileStateCd0MI
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To provide competitive deposit and loan products to the membership base according to the Michigan Credit Union act.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt06624977
IRS990/NetAssetsOrFundBalancesEOYAmt06890283
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-9518
IRS990/NetUnrlzdGainsLossesInvstAmt05718
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0262923
IRS990/OfficeExpensesGrp/TotalAmt0520478
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0793808
IRS990/OtherAssetsTotalGrp/EOYAmt0581362
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0189567
IRS990/OtherExpensesGrp/Desc0Loan Servicing Expenses
IRS990/OtherExpensesGrp/Desc1Prof & Outside Services
IRS990/OtherExpensesGrp/Desc2Provision for Loan Losses
IRS990/OtherExpensesGrp/Desc3Operating Fees
IRS990/OtherExpensesGrp/TotalAmt0291283
IRS990/OtherExpensesGrp/TotalAmt1253222
IRS990/OtherExpensesGrp/TotalAmt2100401
IRS990/OtherExpensesGrp/TotalAmt317977
IRS990/OtherLiabilitiesGrp/BOYAmt052501046
IRS990/OtherLiabilitiesGrp/EOYAmt054987523
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/BusinessCd2525990
IRS990/OtherRevenueMiscGrp/Desc0GAP Insurance
IRS990/OtherRevenueMiscGrp/Desc1MRC Sales
IRS990/OtherRevenueMiscGrp/Desc2Non Member ATM Fees
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015960
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1250
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt28069
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt015960
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt1250
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt28069
IRS990/OtherRevenueTotalAmt024279
IRS990/OtherSalariesAndWagesGrp/TotalAmt0876992
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt042513978
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt043535009
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt078640
IRS990/PensionPlanContributionsGrp/TotalAmt035987
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0614065
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0516883
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/BusinessCd4522100
IRS990/ProgramServiceRevenueGrp/Desc0Debit Card Income
IRS990/ProgramServiceRevenueGrp/Desc1Draft/ACH/Debit Card NSF
IRS990/ProgramServiceRevenueGrp/Desc2Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc3Other Fees & Charges
IRS990/ProgramServiceRevenueGrp/Desc4Visa Interchange Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0244335
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1205341
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22356942
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3446737
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt470920
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0244335
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1205341
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22356942
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3446737
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt470920
IRS990/ProgSrvcAccomActy2Grp/Desc0The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2016 was 5,549.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0245040
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01830903
IRS990/PYOtherRevenueAmt024279
IRS990/PYProgramServiceRevenueAmt03170683
IRS990/PYRevenuesLessExpensesAmt0305654
IRS990/PYSalariesCompEmpBnftPaidAmt01303445
IRS990/PYTotalExpensesAmt03134348
IRS990/PYTotalRevenueAmt03440002
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0259588
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06624977
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06890283
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06063323
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010239824
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01187813
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01033462
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02221275
IRS990ScheduleD/EquipmentGrp/BookValueAmt0114620
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0501231
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0615851
IRS990ScheduleD/LandGrp/BookValueAmt0283750
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0283750
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt062226
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt028767
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt090993
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt054987523
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01648410
IRS990ScheduleD/TotalBookValueSecuritiesAmt04710577
IRS990ScheduleD/TotalLiabilityAmt054987523
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Section 501c(14) Credit Union is composed of members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Mergers are voted on by the entire membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Credit union bylaws and conflict of interest policy are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt059120775
IRS990/TotalAssetsEOYAmt062328465
IRS990/TotalAssetsGrp/BOYAmt059120775
IRS990/TotalAssetsGrp/EOYAmt062328465
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt032
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03322702
IRS990/TotalGrossUBIAmt024279
IRS990/TotalLiabilitiesBOYAmt052495798
IRS990/TotalLiabilitiesEOYAmt055438182
IRS990/TotalLiabilitiesGrp/BOYAmt052495798
IRS990/TotalLiabilitiesGrp/EOYAmt055438182
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06624977
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06890283
IRS990/TotalProgramServiceRevenueAmt03324275
IRS990/TotalReportableCompFromOrgAmt0182024
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03558011
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03582290
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt024279
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt059120775
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt062328465
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt038486
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.