Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2015 • EIN 38-1231023

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 29, 2016

8385 Edgewood DriveBerrien Springs, MI 49103

(269) 983-6357

Siviq Scores

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

Liabilities / Assets

46th percentile

0.89x

Higher debt load relative to assets than 46% of similar nonprofits.

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

Liabilities / Revenue

29th percentile

16.24x

Higher debt load relative to revenue than 29% of similar nonprofits.

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

Net Margin

71st percentile

18%

Higher net margin than 71% of similar nonprofits.

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

Top Officer Pay

74th percentile

$506,720

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

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

Asset Growth

82nd percentile

11%

Faster asset growth than 82% of similar nonprofits.

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

Revenue Growth

93rd percentile

20%

Faster revenue growth than 93% of similar nonprofits.

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

Assets

Up

$664,782,324

Up $65,790,638 (+11%) from 2014

Net Assets

Up

$71,014,757

Up $6,546,744 (+10%) from 2014

Liabilities

Up

$593,767,567

Up $59,243,894 (+11%) from 2014

Revenue

Up

$36,570,015

Up $6,093,364 (+20%) from 2014

Expenses

Up

$29,868,248

Up $5,248,144 (+21%) from 2014

Net Income

Up

$6,701,767

Up $845,220 (+14%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0B$1.5B$1.0B$500M$0Assets 2011: $321,006,734Liabilities 2011: $282,618,007Net Assets 2011: $38,388,7272011Assets 2012: $432,710,416Liabilities 2012: $385,547,269Net Assets 2012: $47,163,1472012Assets 2013: $472,518,124Liabilities 2013: $422,073,504Net Assets 2013: $50,444,6202013Assets 2014: $598,991,686Liabilities 2014: $534,523,673Net Assets 2014: $64,468,0132014Assets 2015: $664,782,324Liabilities 2015: $593,767,567Net Assets 2015: $71,014,7572015Assets 2016: $712,966,023Liabilities 2016: $636,670,547Net Assets 2016: $76,295,4762016Assets 2017: $852,520,992Liabilities 2017: $757,330,790Net Assets 2017: $95,190,2022017Assets 2018: $934,030,474Liabilities 2018: $828,770,549Net Assets 2018: $105,259,9252018Assets 2019: $1,009,278,982Liabilities 2019: $890,810,067Net Assets 2019: $118,468,9152019Assets 2020: $1,214,960,101Liabilities 2020: $1,079,988,759Net Assets 2020: $134,971,3422020Assets 2021: $1,437,451,566Liabilities 2021: $1,285,589,145Net Assets 2021: $151,862,4212021Assets 2022: $1,585,559,927Liabilities 2022: $1,442,962,820Net Assets 2022: $142,597,1072022Assets 2023: $1,701,973,478Liabilities 2023: $1,537,891,407Net Assets 2023: $164,082,0712023Assets 2024: $1,705,014,823Liabilities 2024: $1,519,352,936Net Assets 2024: $185,661,8872024

Highlighted filing

2015

Assets$664,782,324
Liabilities$593,767,567
Net Assets$71,014,757

Operations Trend

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

$150M$100M$50M$0Expenses 2011: $14,215,2272011Expenses 2012: $18,688,1012012Revenue 2013: $25,258,836Expenses 2013: $20,157,913Net Income 2013: $5,100,9232013Revenue 2014: $30,476,651Expenses 2014: $24,620,104Net Income 2014: $5,856,5472014Revenue 2015: $36,570,015Expenses 2015: $29,868,248Net Income 2015: $6,701,7672015Revenue 2016: $43,216,020Expenses 2016: $37,658,842Net Income 2016: $5,557,1782016Revenue 2017: $49,336,526Expenses 2017: $40,922,549Net Income 2017: $8,413,9772017Revenue 2018: $60,329,871Expenses 2018: $49,616,444Net Income 2018: $10,713,4272018Revenue 2019: $69,079,578Expenses 2019: $57,783,763Net Income 2019: $11,295,8152019Revenue 2020: $75,345,313Expenses 2020: $61,331,077Net Income 2020: $14,014,2362020Revenue 2021: $81,953,482Expenses 2021: $60,781,210Net Income 2021: $21,172,2722021Revenue 2022: $90,533,570Expenses 2022: $71,155,529Net Income 2022: $19,378,0412022Revenue 2023: $113,682,685Expenses 2023: $94,196,589Net Income 2023: $19,486,0962023Revenue 2024: $127,936,925Expenses 2024: $111,515,012Net Income 2024: $16,421,9132024

Highlighted filing

2015

Revenue$36,570,015
Expenses$29,868,248
Net Income$6,701,767
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 29, 2016
Return Version
2015v2.1
Gross Receipts
$74,031,388
Mission and Program Overview

Mission

Providing solutions for financial success.

To provide financial services to residents of the state of michigan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$424,046,425$491,673,220▲ $67,626,795
Investments Other Securities$126,375,597$97,965,990▼ $28,409,607
Rtn Earn Endowment Incm Other Fnds$64,468,013$71,014,757▲ $6,546,744
Savings and Temporary Cash Investments$6,673,082$26,574,700▲ $19,901,618
Land, Buildings, and Equipment, Net$17,445,345$25,266,006▲ $7,820,661
Cash and Non-Interest-Bearing Accounts$8,946,753$8,468,435▼ $478,318
Prepaid Expenses and Deferred Charges$686,989$653,526▼ $33,463
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$598,991,686$664,782,324▲ $65,790,638
Other Assets Total$14,817,495$14,180,447▼ $637,048
Liabilities
Other Liabilities$505,709,867$549,810,258▲ $44,100,391
Mortgage Notes Payable Secured by Investment Property$24,900,000$39,900,000▲ $15,000,000
Accounts Payable and Accrued Expenses$3,064,940$3,212,921▲ $147,981
Escrow Account Liability$848,866$844,388▼ $4,478
Total Liabilities$534,523,673$593,767,567▲ $59,243,894
Net Assets / Fund Balance
Total Net Assets Fund Balance$64,468,013$71,014,757▲ $6,546,744
Total Liabilities and Net Assets / Fund Balance$598,991,686$664,782,324▲ $65,790,638

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,743,989$2,908,135$12,652,124
Other Land Buildings$10,363,306-$10,363,306
Equipment$1,911,230$4,690,869$6,602,099
Land$3,247,481-$3,247,481
Other Securities$3,516,995--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott McfarlandCEOFT$260,543$246,177$506,720
Shari WeberCFOFT$160,725$41,705$202,430
Mary UnruhVice President of Accounting and Operation Effic.FT$149,696$22,697$172,393
Mary UnruhVice President of Accounting and Ope-$127,566$44,827$172,393
Thomas KempfVice President of LendingFT$125,834$40,872$166,706
Ron LaurenPresident, Northern MarketFT$119,311$36,172$155,483
Kip KulichVice President of ItFT$109,946$40,891$150,837
Kathy BurdickVice President of Talent ServicesFT$117,557$17,782$135,339

Board Members and Trustees

NameTitle
Larry OlsonBoard Chairman
Brian BrownBoard Vice-chairman
Gil GuzmanDirector
Richard AtwellDirector
Ronald GriesingerDirector
Dana SlocumDirector (part Year)
Scott CarterDirector (part Year)
Mimi ElwellSecretary
Mark FryTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ec Moore Development LLCConstruction/maintenance117 WEST FERRY STREET, Berrien Springs, MI 49103$7,843,277
Cu AnswersData Processing6000 28TH ST SE 100, Grand Rapids, MI 49546$1,369,887
Salus GroupEmployee Benefits Consulting38221 MOUND RD BLDG G, Sterling Heights, MI 48310$1,121,776
Secant Technologies INCTechnology Services6395 TECHNOLOGY AVE SE A, Kalamazoo, MI 49009$361,396
Cornelius Systems INCCash Handling/accounting Systems3966 ELEVEN MILE RD, Berkley, MI 48072$227,037
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$35,635,605
Investment Income
$891,183
Other Revenue
$43,227
Change in Net Assets
$6,701,767

Audited Revenue Reconciliation

Revenue per Audited Statements
$36,620,784
Revenue Not Reported on Financial Statements
$-50,769
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-50,769
Total Revenue per Audited Statements
$36,620,784
Total Revenue per Form 990
$36,570,015
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,974,211
Other Expenses$14,894,037
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$9,520,067
Other Employee Benefits---$2,902,492
Depreciation Depletion---$1,190,346
Occupancy---$1,187,158
Advertising---$1,074,471
Information Technology---$1,037,629
Office Expenses---$1,032,247
All Other Expenses---$958,190
Other Expenses---$938,633
Payroll Taxes---$931,246
Pension Plan Contributions---$911,256
Current Officers, Directors, Trustees, and Key Employees---$709,150
Interest---$590,423
Conferences and Meetings---$246,839
Fees for Services Other---$200,723
Travel---$140,516
Insurance---$133,660
Fees for Service Investment Mgmnt Fees---$96,371
Fees for Services Legal---$75,270
Fees for Services Accounting---$74,083
Total Functional Expenses$0$0$0$29,868,248

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$29,919,017
Expenses per Audited Statements$29,868,248
Total Expenses per Form 990$29,868,248
Expenses Not Reported on Form 990$50,769
Expenses Not Reported on Financial Statements$0
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
Members' Shares and savings$549,810,258
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, Section A, line 6

The credit union currently has approximately 60,000 members.

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

The members of the credit union are responsible for electing the board of directors.

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

The members of the credit union must approve a merger into another credit union. All other decisions are made by the board of directors.

Form 990, Part VI, Section B, line 11

Before the 990 was filed, an electronic copy of the draft was sent to the board of directors and vp of finance, via email, for their review. All of the board members were given the opportunity to contact the credit union's management with any questions or concerns they had regarding the form 990 return.

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

Audit link is a service we use to monitor all employee and board member accounts. Accounts are monitored weekly by audit link and a report is sent to human resources with the findings, human resources does a review of accounts and investigates if needed. Compliance with the conflict of interest policy is monitored through discussions at the board level. If a conflict arises the affected board member will abstain from voting.

Form 990, Part VI, Section B, line 15

The board of directors has approved the use of comp ease software for assisting with compensation for all employees. Compensation for the ceo, other officers, and key employees is approved by both human resources and the board of directors. The process was last completed during 2015.

Form 990, Part VI, Section C, line 19

Governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Honor Credit Union
EIN
38-1231023
Phone
2699836357
Address
8385 Edgewood Drive, Berrien Springs, MI 49103

Signing Officer

Name
scott mcfarland
Title
CEO
Phone
2699836357
Signed
2016-06-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Mcfarland
Formed
1934
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
308
Volunteers
0

Preparer

Firm
Plante & Moran Pllc
Address
511 RENAISSANCE DRIVE SUITE 120, ST JOSEPH, MI 49085
Preparer
kenley penner cpa
Phone
2699828000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of directors has established the supervisory committee which is responsible for the oversight of the audit review and the selection of an independent auditor. The supervisory committee approves an independent auditor each year and meets to review the independent auditor's report after the audit is complete. The process has not changed from the prior year.

FORM 990, PART X, LINE 5 AND SCHEDULE L:

Schedule l is not required for loans receivable balances on form 990, part x, line 5 if the loans are made by the credit union to the directors, officers, and key employees on the same terms offered to other members of the credit union. Therefore, the credit union has included approximately $2,700,000 and $2,400,000 of receivables from current officers, directors, trustees, key employees, and highest compensated employees for 2015 and 2014, respectively, within form 990, part x, line 7.

Financial Statement Notes

Part IV, Line 2B:

The credit union holds amounts in escrow accounts for real estate taxes and home insurance related to home mortgage loans.

Part X, Line 2:

The credit union is exempt, by statute, from federal and state income taxes. However, the credit union is subject to unrelated business income tax. The net unrelated business income tax is immaterial to the financial statements as a whole. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the credit union and recognize a tax liability if the credit union has taken an uncertain position that more likely than not would not be sustained upon examination by the irs or other applicable taxing authorities. Management has analyzed the tax positions taken by the credit union and has concluded that as of december 31, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The credit union is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2013.

Part XI, Line 2D - Other Adjustments:

BARGAIN PURCHASE GAIN

Part XI, Line 4B - Other Adjustments:

Gain on sale of foreclosed assets 35,300. Loss on sale of foreclosed assets -86,069.

Part XII, Line 2D - Other Adjustments:

Gain on sale of foreclosed assets -35,300. Loss on sale of foreclosed assets 86,069.

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

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt949407
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1032098
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1115669
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1222697
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1312052
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1425259
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IRS990/Form990PartVIISectionAGrp/PersonNm0LARRY OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm1BRIAN BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm2MIMI ELWELL
IRS990/Form990PartVIISectionAGrp/PersonNm3MARK FRY
IRS990/Form990PartVIISectionAGrp/PersonNm4RICHARD ATWELL
IRS990/Form990PartVIISectionAGrp/PersonNm5RONALD GRIESINGER
IRS990/Form990PartVIISectionAGrp/PersonNm6GIL GUZMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7SCOTT CARTER
IRS990/Form990PartVIISectionAGrp/PersonNm8DANA SLOCUM
IRS990/Form990PartVIISectionAGrp/PersonNm9SCOTT MCFARLAND
IRS990/Form990PartVIISectionAGrp/PersonNm10SHARI WEBER
IRS990/Form990PartVIISectionAGrp/PersonNm11THOMAS KEMPF
IRS990/Form990PartVIISectionAGrp/PersonNm12MARY UNRUH
IRS990/Form990PartVIISectionAGrp/PersonNm13RON LAUREN
IRS990/Form990PartVIISectionAGrp/PersonNm14KIP KULICH
IRS990/Form990PartVIISectionAGrp/PersonNm15KATHY BURDICK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9457313
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10170332
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11151037
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12149696
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13143431
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14125578
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15117557
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD VICE-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR (PART YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR (PART YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDENT OF LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDENT OF ACCOUNTING AND OPERATION EFFIC.
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT, NORTHERN MARKET
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDENT OF IT
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE PRESIDENT OF TALENT SERVICES
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01934
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/GainOrLossGrp/SecuritiesAmt021234
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01443481
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt035186761
IRS990/GrossReceiptsAmt074031388
IRS990/GrossRentsGrp/RealAmt043227
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt01037629
IRS990/InsuranceGrp/TotalAmt0133660
IRS990/InterestGrp/TotalAmt0590423
IRS990/InvestmentIncomeGrp/ExclusionAmt01722314
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01722314
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0126375597
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt097965990
IRS990/IRPDocumentCnt014900
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07599004
IRS990/LandBldgEquipBasisNetGrp/BOYAmt017445345
IRS990/LandBldgEquipBasisNetGrp/EOYAmt025266006
IRS990/LandBldgEquipCostOrOtherBssAmt032865010
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt02295846
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt035165527
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDING SOLUTIONS FOR FINANCIAL SUCCESS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt024900000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt039900000
IRS990/NetAssetsOrFundBalancesBOYAmt064468013
IRS990/NetAssetsOrFundBalancesEOYAmt071014757
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-831131
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-831131
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt043227
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt043227
IRS990/NetUnrelatedBusTxblIncmAmt0-31740
IRS990/NetUnrlzdGainsLossesInvstAmt0-155023
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01187158
IRS990/OfficeExpensesGrp/TotalAmt01032247
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt014817495
IRS990/OtherAssetsTotalGrp/EOYAmt014180447
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02902492
IRS990/OtherExpensesGrp/Desc0INTEREST PAID ON MEMBER
IRS990/OtherExpensesGrp/Desc1CREDIT AND DEBIT CARD F
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/TotalAmt02071320
IRS990/OtherExpensesGrp/TotalAmt12039701
IRS990/OtherExpensesGrp/TotalAmt21806457
IRS990/OtherExpensesGrp/TotalAmt3938633
IRS990/OtherLiabilitiesGrp/BOYAmt0505709867
IRS990/OtherLiabilitiesGrp/EOYAmt0549810258
IRS990/OtherSalariesAndWagesGrp/TotalAmt09520067
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0424046425
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0491673220
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0931246
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0911256
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0686989
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0653526
IRS990/PrincipalOfficerNm0SCOTT MCFARLAND
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0Loan Interest Income
IRS990/ProgramServiceRevenueGrp/Desc1Fees and Charges
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt022222943
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt113201262
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt022222943
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt113412662
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0211400
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01667966
IRS990/PYOtherExpensesAmt012721582
IRS990/PYOtherRevenueAmt058320
IRS990/PYProgramServiceRevenueAmt028750365
IRS990/PYRevenuesLessExpensesAmt05856547
IRS990/PYSalariesCompEmpBnftPaidAmt011898522
IRS990/PYTotalExpensesAmt024620104
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt030476651
IRS990/ReconcilationRevenueExpnssAmt06701767
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt043227
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt064468013
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt071014757
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06673082
IRS990/SavingsAndTempCashInvstGrp/EOYAmt026574700
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt09743989
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02908135
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012652124
IRS990ScheduleD/EquipmentGrp/BookValueAmt01911230
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04690869
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06602099
IRS990ScheduleD/ExpensesNotReportedAmt050769
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt029868248
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt03247481
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03247481
IRS990ScheduleD/OtherExpensesIncludedAmt050769
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010363306
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010363306
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0549810258
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Members' Shares and savings
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-50769
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt052091850
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt117763723
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt25852954
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt311928331
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt46812137
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt53516995
IRS990ScheduleD/OtherSecuritiesGrp/Desc0U.S. GOVERNMENT AND FEDERAL AGENCY SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MORTGAGE-BACKED SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc2NEGOTIABLE CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc3STATE AND MUNICIPAL BONDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc4COLLATERALIZED MORTGAGE OBLIGATIONS
IRS990ScheduleD/OtherSecuritiesGrp/Desc5CORPORATE BONDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-50769

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,705$1,519$186$128$112$16.4
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,702$1,538$164$114$94.2$19.5
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,586$1,443$143$90.5$71.2$19.4
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,437$1,286$152$82.0$60.8$21.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,215$1,080$135$75.3$61.3$14.0
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,009$891$118$69.1$57.8$11.3
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$934$829$105$60.3$49.6$10.7
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$853$757$95.2$49.3$40.9$8.41
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$713$637$76.3$43.2$37.7$5.56
2015Detailed filing. Detailed filing data is available for this year.$665$594$71.0$36.6$29.9$6.70
2014Detailed filing. Detailed filing data is available for this year.$599$535$64.5$30.5$24.6$5.86
2013Detailed filing. Detailed filing data is available for this year.$473$422$50.4$25.3$20.2$5.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$433$386$47.2$18.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$321$283$38.4$14.2
Peer Organizations

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