Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2015 • EIN 38-1093900

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 14, 2016

Organization Profilewww.vibecreditunion.com

View Organization Page

44575 West 12 Mile RoadNovi, MI 48377

(248) 735-9500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.85x

Higher debt load relative to assets than 14% of similar nonprofits.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2015

Liabilities / Revenue

61st percentile

19.39x

Higher debt load relative to revenue than 61% of similar nonprofits.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2015

Net Margin

12th percentile

5.6%

Higher net margin than 12% of similar nonprofits.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2015

Top Officer Pay

65th percentile

$471,397

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2015

Asset Growth

88th percentile

13%

Faster asset growth than 88% of similar nonprofits.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Revenue Growth

32nd percentile

3.2%

Faster revenue growth than 32% of similar nonprofits.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$472,715,230

Up $53,401,369 (+13%) from 2014

Net Assets

Up

$69,529,965

Up $1,218,997 (+1.8%) from 2014

Liabilities

Up

$403,185,265

Up $52,182,372 (+15%) from 2014

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin12th percentile

Revenue

Up

$20,798,604

Up $646,463 (+3.2%) from 2014

Expenses

Up

$19,643,137

Up $2,330,369 (+13%) from 2014

Net Income

Down

$1,155,467

Down $1,683,906 (-59%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2010: $457,135,793Liabilities 2010: $393,633,524Net Assets 2010: $63,502,2692010Assets 2011: $433,388,873Liabilities 2011: $373,146,284Net Assets 2011: $60,242,5892011Assets 2012: $424,489,782Liabilities 2012: $360,746,899Net Assets 2012: $63,742,8832012Assets 2013: $416,105,794Liabilities 2013: $350,468,074Net Assets 2013: $65,637,7202013Assets 2014: $419,313,861Liabilities 2014: $351,002,893Net Assets 2014: $68,310,9682014Assets 2015: $472,715,230Liabilities 2015: $403,185,265Net Assets 2015: $69,529,9652015Assets 2016: $517,323,472Liabilities 2016: $447,451,344Net Assets 2016: $69,872,1282016Assets 2017: $529,146,744Liabilities 2017: $457,302,643Net Assets 2017: $71,844,1012017

Highlighted filing

2015

Assets$472,715,230
Liabilities$403,185,265
Net Assets$69,529,965
Open 2015 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Expenses 2010: $27,359,9742010Expenses 2011: $27,356,1572011Expenses 2012: $19,153,7912012Revenue 2013: $21,064,287Expenses 2013: $19,459,432Net Income 2013: $1,604,8552013Revenue 2014: $20,152,141Expenses 2014: $17,312,768Net Income 2014: $2,839,3732014Revenue 2015: $20,798,604Expenses 2015: $19,643,137Net Income 2015: $1,155,4672015Revenue 2016: $21,958,468Expenses 2016: $21,282,701Net Income 2016: $675,7672016Revenue 2017: $23,738,462Expenses 2017: $22,180,793Net Income 2017: $1,557,6692017

Highlighted filing

2015

Revenue$20,798,604
Expenses$19,643,137
Net Income$1,155,467
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 14, 2016
Return Version
2015v2.1
Gross Receipts
$21,638,204
Mission and Program Overview

Mission

To enhance the financial well-being of our members.

To provide financial services to member owners with a common bond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$263,967,502$297,011,855▲ $33,044,353
Investments Other Securities$117,591,516$136,325,125▲ $18,733,609
Rtn Earn Endowment Incm Other Fnds$68,310,968$69,529,965▲ $1,218,997
Land, Buildings, and Equipment, Net$11,569,682$12,642,581▲ $1,072,899
Investments Program Related$11,630,572$12,529,818▲ $899,246
Cash and Non-Interest-Bearing Accounts$4,213,870$4,015,169▼ $198,701
Accounts Receivable$719,415$795,524▲ $76,109
Prepaid Expenses and Deferred Charges$562,258$562,645▲ $387
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$419,313,861$472,715,230▲ $53,401,369
Other Assets Total$9,059,046$8,832,513▼ $226,533
Liabilities
Other Liabilities$342,628,546$393,398,364▲ $50,769,818
Accounts Payable and Accrued Expenses$8,374,347$9,786,901▲ $1,412,554
Total Liabilities$351,002,893$403,185,265▲ $52,182,372
Net Assets / Fund Balance
Total Net Assets Fund Balance$68,310,968$69,529,965▲ $1,218,997
Total Liabilities and Net Assets / Fund Balance$419,313,861$472,715,230▲ $53,401,369

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,117,625$6,219,884$12,337,509
Equipment$1,510,817$5,289,286$6,800,103
Land$4,557,429-$4,557,429
Leasehold Improvements$456,710$547,228$1,003,938
Other Land Buildings$0$0$0
Other Securities$1,920,100--
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas ReaganPresident/CEOFT$423,378$48,019$471,397
Ronald LangEvp/CFOFT$279,817$48,571$328,388
Paul MazurCIOFT$131,540$28,763$160,303
Craig LarsonCLOFT$127,343$29,283$156,626
Tyler RossCMOFT$119,824$27,505$147,329
Derrick BarberCOOFT$104,470$28,007$132,477

Board Members and Trustees

NameTitle
David CowlesChairman
Stephen WestbrooksVice Chairman
Christa MurphyDirector
Jonathon SerraDirector
Michael IvanicsDirector
Terry McKinleySecretary
John BarrettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$19,021,301
Investment Income
$1,777,303
Other Revenue
$0
Change in Net Assets
$1,155,467

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,798,604
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-7,000
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$20,791,604
Total Revenue per Form 990
$20,798,604
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,764,896
Salaries, Compensation, and Employee Benefits$8,878,241
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$5,189,567
Advertising---$2,087,319
Office Expenses---$2,051,732
Current Officers, Directors, Trustees, and Key Employees---$1,396,520
Interest---$1,344,498
Other Employee Benefits---$1,248,754
Occupancy---$1,173,085
Depreciation Depletion---$1,093,089
Payroll Taxes---$548,205
Pension Plan Contributions---$495,195
Fees for Services Other---$113,628
Insurance---$112,306
Other Expenses---$85,849
Conferences and Meetings---$74,222
Fees for Services Accounting---$29,383
Fees for Services Management---$25,500
Fees for Services Legal---$22,954
All Other Expenses---$7,000
Total Functional Expenses$0$0$0$19,643,137

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$19,643,137
Total Expenses per Form 990$19,643,137
Total Expenses per Audited Statements$19,636,136
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Expenses Not Reported on Form 990$-7,001
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$393,398,364
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The Credit Union has a single class of members with equal rights of ownership, governance, and voting.”

Form 990, Part VI, Section A, Line 7A

“The Board of Directors is elected based on an open ballot for 3 year terms.”

Form 990, Part VI, Section A, Line 7B

“Credit Union decisions that are subject to membership approval are Board of Director elections, merger into another credit union, and charter changes. Field of Membership changes and By-Law changes must be reported to the membership at the annual meeting.”

Form 990, Part VI, Section B, Line 11B

“A review is conducted by the Internal Auditor and EVP/CFO prior to submission to the IRS. The returns are made available to the Board of Directors for review.”

Form 990, Part VI, Section B, Line 12C

“Directors must attest that they have no conflicts of interest on an annual basis.”

Form 990, Part VI, Section B, Line 15

“The Full Board prepares an evaluation of the President/CEO annually. Each Board member completes the evaluation form in writing. The Board Secretary compiles the results and prepares a consolidated evaluation. Salary is based on credit union President/CEO salary surveys and determined by credit union size, complexity and performance. A credit union consulting firm is utilized to obtain this information. The President/CEO prepares and conducts the evaluation process for key employees. The evaluation process is delegated to the EVP/CFO for certain key employees, with final review performed by the President/CEO. Those salaries are based on available salary survey information and are performance based. The last compensation review was completed in 2015.”

Form 990, Part VI, Section C, Line 19

“Financial Statements are posted in the Credit Union lobby. Other documents and policies are available upon request.”

Filing and Contact Details

Filer

Filer Name
Credit Unions Chartered in the State of Michigan
EIN
38-1093900
Phone
2487359500
Address
44575 West 12 Mile Road, Novi, MI 48377

Signing Officer

Name
Ronald W Lang
Title
Evp/CFO
Phone
2487359500
Signed
2016-09-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Reagan
Formed
1936
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
166
Volunteers
7

Preparer

Firm
Cindrich Mahalak & Co
Address
31215 Jefferson Ave, St Clair Shores, MI 48082
Preparer
Denise Luckenbacher
Phone
5862961155
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Change in Other Comprehensive Income 69,147”

Financial Statement Notes

Schedule D, Part XI, Line 2D

“OREO Expenses included in expenses on 990, non-interest income on Financial Statements -7,000”

Schedule D, Part XII, Line 2D

“OREO Expenses included I expenses on 990, non-interest income on Financial Statements -7,000 Rounding -1”

Raw XML AppendixShowing 400 of 576 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt08374347
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt09786901
IRS990/AccountsReceivableGrp/BOYAmt0719415
IRS990/AccountsReceivableGrp/EOYAmt0795524
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To provide financial services to member owners with a common bond.
IRS990/AdvertisingGrp/TotalAmt02087319
IRS990/AllOtherExpensesGrp/TotalAmt07000
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Vibe Credit Union
IRS990/BooksInCareOfDetail/PhoneNum02487359500
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04575 West 12 Mile Rd
IRS990/BooksInCareOfDetail/USAddress/CityNm0Novi
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048377
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt04213870
IRS990/CashNonInterestBearingGrp/EOYAmt04015169
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt01396520
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt074222
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01777303
IRS990/CYOtherExpensesAmt010764896
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt019021301
IRS990/CYRevenuesLessExpensesAmt01155467
IRS990/CYSalariesCompEmpBnftPaidAmt08878241
IRS990/CYTotalExpensesAmt019643137
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt020798604
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt01093089
IRS990/Desc0Provide 32,447 members with Regular Share, Share Draft, Money Management, Business, IRA, Christmas Club and Certificate of Deposit accounts totaling 69,515.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonatedServicesAndUseFcltsAmt00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt0166
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt029383
IRS990/FeesForServicesLegalGrp/TotalAmt022954
IRS990/FeesForServicesManagementGrp/TotalAmt025500
IRS990/FeesForServicesOtherGrp/TotalAmt0113628
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt44
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt54
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt64
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
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/OtherCompensationAmt746987
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt846987
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt928225
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1028303
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1127505
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1228007
IRS990/Form990PartVIISectionAGrp/PersonNm0David Cowles
IRS990/Form990PartVIISectionAGrp/PersonNm1Stephen Westbrooks
IRS990/Form990PartVIISectionAGrp/PersonNm2Terry McKinley
IRS990/Form990PartVIISectionAGrp/PersonNm3John Barrett
IRS990/Form990PartVIISectionAGrp/PersonNm4Michael Ivanics
IRS990/Form990PartVIISectionAGrp/PersonNm5Christa Murphy
IRS990/Form990PartVIISectionAGrp/PersonNm6Jonathon Serra
IRS990/Form990PartVIISectionAGrp/PersonNm7Thomas Reagan
IRS990/Form990PartVIISectionAGrp/PersonNm8Ronald Lang
IRS990/Form990PartVIISectionAGrp/PersonNm9Paul Mazur
IRS990/Form990PartVIISectionAGrp/PersonNm10Craig Larson
IRS990/Form990PartVIISectionAGrp/PersonNm11Tyler Ross
IRS990/Form990PartVIISectionAGrp/PersonNm12Derrick Barber
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7424410
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8281401
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9132078
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10128323
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11119824
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12104470
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/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8EVP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt9CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt10CLO
IRS990/Form990PartVIISectionAGrp/TitleTxt11CMO
IRS990/Form990PartVIISectionAGrp/TitleTxt12COO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt094884
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0934484
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt021638204
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/TotalAmt0112306
IRS990/InterestGrp/TotalAmt01344498
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01682419
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01682419
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0117591516
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0136325125
IRS990/InvestmentsProgramRelatedGrp/BOYAmt011630572
IRS990/InvestmentsProgramRelatedGrp/EOYAmt012529818
IRS990/IRPDocumentCnt011049
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012056398
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011569682
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012642581
IRS990/LandBldgEquipCostOrOtherBssAmt024698979
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0839600
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To enhance the financial well-being of our members.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt068310968
IRS990/NetAssetsOrFundBalancesEOYAmt069529965
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt094884
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt094884
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-5617
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01173085
IRS990/OfficeExpensesGrp/TotalAmt02051732
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09059046
IRS990/OtherAssetsTotalGrp/EOYAmt08832513
IRS990/OtherChangesInNetAssetsAmt069147
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01248754
IRS990/OtherExpensesGrp/Desc0Loan Servicing
IRS990/OtherExpensesGrp/Desc1Miscellaneous Operating Expense
IRS990/OtherExpensesGrp/Desc2Examination Fees/Association Dues
IRS990/OtherExpensesGrp/Desc3Provision for Loan Loss
IRS990/OtherExpensesGrp/TotalAmt02036291
IRS990/OtherExpensesGrp/TotalAmt1395162
IRS990/OtherExpensesGrp/TotalAmt2112878
IRS990/OtherExpensesGrp/TotalAmt385849
IRS990/OtherLiabilitiesGrp/BOYAmt0342628546
IRS990/OtherLiabilitiesGrp/EOYAmt0393398364
IRS990/OtherOrganizationDsc0Credit Union
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt05189567
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0263967502
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0297011855
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0548205
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0495195
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0562258
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0562645
IRS990/PrincipalOfficerNm0Thomas Reagan
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0Loan Interest
IRS990/ProgramServiceRevenueGrp/Desc1Fee/Other Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013161465
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15816269
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013161465
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15859836
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt143567
IRS990/ProgSrvcAccomActy2Grp/Desc0Provide 15,324 loans including Vehicle, Recreational Vehicle, Mobile Home, Line of Credit, Credit Card, Home Equity, Mortgage, Business and Share Secured loans.
IRS990/ProgSrvcAccomActy3Grp/Desc0Offer Automated Teller Machines, Debit Card, Travelers Checks, Bill Payment, Courtesy Pay, Money Orders and various insurance programs.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01976788
IRS990/PYOtherExpensesAmt09010366
IRS990/PYOtherRevenueAmt01150
IRS990/PYProgramServiceRevenueAmt018174203
IRS990/PYRevenuesLessExpensesAmt02839373
IRS990/PYSalariesCompEmpBnftPaidAmt08302402
IRS990/PYTotalExpensesAmt017312768
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt020152141
IRS990/ReconcilationRevenueExpnssAmt01155467
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt068310968
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt069529965
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06117625
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06219884
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012337509
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01510817
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05289286
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06800103
IRS990ScheduleD/ExpensesNotReportedAmt0-7001
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt019643137
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt04557429
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04557429
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0456710
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0547228
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01003938
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt0-7001
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0393398364
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares
IRS990ScheduleD/OtherRevenueAmt0-7000
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt056172001
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1300
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt21
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3100
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt468232623
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt510000000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt61920100
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Investments
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Co-Op Network Stock
IRS990ScheduleD/OtherSecuritiesGrp/Desc2Visa Stock
IRS990ScheduleD/OtherSecuritiesGrp/Desc3CU Partnership
IRS990ScheduleD/OtherSecuritiesGrp/Desc4Federal Agency Securities
IRS990ScheduleD/OtherSecuritiesGrp/Desc5Certificates of Deposit
IRS990ScheduleD/OtherSecuritiesGrp/Desc6FHLB Stock
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6C
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt0-7000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt020798604
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OREO Expenses included in expenses on 990, non-interest income on Financial Statements -7,000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1OREO Expenses included I expenses on 990, non-interest income on Financial Statements -7,000 Rounding -1
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part XII, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012642581
IRS990ScheduleD/TotalBookValueSecuritiesAmt0136325125
IRS990ScheduleD/TotalExpensesPerForm990Amt019643137
IRS990ScheduleD/TotalLiabilityAmt0393398364
IRS990ScheduleD/TotalRevenuePerForm990Amt020798604
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt020791604
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt019636136
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0423378
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1279817
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2131540
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3127343
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$472,715,230
Liabilities
$403,185,265
Net assets
$69,529,965
Revenue
$20,798,604
Expenses
$19,643,137
Net income
$1,155,467
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$529$457$71.8$23.7$22.2$1.56
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$517$447$69.9$22.0$21.3$0.68
2015Detailed filing. Detailed filing data is available for this year.$473$403$69.5$20.8$19.6$1.16
2014Detailed filing. Detailed filing data is available for this year.$419$351$68.3$20.2$17.3$2.84
2013Detailed filing. Detailed filing data is available for this year.$416$350$65.6$21.1$19.5$1.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$424$361$63.7$19.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$433$373$60.2$27.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$457$394$63.5$27.4