Civic Intelligence

Gr Consumers Credit Union

EIN 38-1370948 • 501(c)14 • Wyoming, MI

Profile

Provide financial services and products to members.

3975 Clay Avenue SWWyoming, MI 49548

www.grccu.com

Siviq Scores

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

Liabilities / Assets

25th percentile

0.83x

Higher debt load relative to assets than 25% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

16.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Net Margin

41st percentile

7.7%

Higher net margin than 41% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$197,728

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Asset Growth

80th percentile

5.6%

Faster asset growth than 80% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

10%

Faster revenue growth than 54% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets25th percentile

Using 2023 Form 990 data because the latest 2024 filing does not report standard financial totals.

Assets

Down

$47,093,914

Down $2,128,686 (-4.3%) from 2022

Liabilities

Down

$38,863,603

Down $2,423,973 (-5.9%) from 2022

Net Assets

Up

$8,230,311

Up $295,287 (+3.7%) from 2022

Operations
Liabilities / Revenue51st percentileNet Margin41st percentile

Revenue

Up

$2,328,980

Up $255,198 (+12%) from 2022

Expenses

Up

$2,050,597

Up $271,581 (+15%) from 2022

Net Income

Down

$278,383

Down $16,383 (-5.6%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth80th percentile

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

$60M$40M$20M$0Assets 2010: $36,993,789Liabilities 2010: $31,300,476Net Assets 2010: $5,693,3132010Assets 2011: $37,962,326Liabilities 2011: $32,028,214Net Assets 2011: $5,934,1122011Assets 2012: $39,592,792Liabilities 2012: $33,461,960Net Assets 2012: $6,130,8322012Assets 2013: $40,490,150Liabilities 2013: $34,433,017Net Assets 2013: $6,057,1332013Assets 2014: $39,088,358Liabilities 2014: $32,994,065Net Assets 2014: $6,094,2932014Assets 2015: $40,195,745Liabilities 2015: $33,938,269Net Assets 2015: $6,257,4762015Assets 2016: $40,780,222Liabilities 2016: $34,332,411Net Assets 2016: $6,447,8112016Assets 2017: $41,081,594Liabilities 2017: $34,362,434Net Assets 2017: $6,719,1602017Assets 2018: $39,110,029Liabilities 2018: $38,856,426Net Assets 2018: $253,6032018Assets 2019: $41,177,104Liabilities 2019: $33,929,364Net Assets 2019: $7,247,7402019Assets 2020: $45,437,721Liabilities 2020: $38,099,802Net Assets 2020: $7,337,9192020Assets 2021: $49,394,683Liabilities 2021: $41,736,574Net Assets 2021: $7,658,1092021Assets 2022: $49,222,600Liabilities 2022: $41,287,576Net Assets 2022: $7,935,0242022Assets 2023: $47,093,914Liabilities 2023: $38,863,603Net Assets 2023: $8,230,3112023

Latest loaded filing

2023

Assets$47,093,914
Liabilities$38,863,603
Net Assets$8,230,311
Open 2023 Filing

Operations Trend

Revenue Growth54th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,672,2462010Revenue 2011: $1,756,106Expenses 2011: $1,515,307Net Income 2011: $240,7992011Revenue 2012: $1,612,856Expenses 2012: $1,416,136Net Income 2012: $196,7202012Revenue 2013: $1,530,398Expenses 2013: $1,604,097Net Income 2013: -$73,6992013Revenue 2014: $1,546,810Expenses 2014: $1,509,650Net Income 2014: $37,1602014Revenue 2015: $1,568,129Expenses 2015: $1,404,946Net Income 2015: $163,1832015Revenue 2016: $1,592,163Expenses 2016: $1,401,828Net Income 2016: $190,3352016Revenue 2017: $1,727,774Expenses 2017: $1,456,425Net Income 2017: $271,3492017Revenue 2018: $1,913,526Expenses 2018: $1,659,923Net Income 2018: $253,6032018Revenue 2019: $2,021,367Expenses 2019: $1,751,543Net Income 2019: $269,8242019Revenue 2020: $1,848,053Expenses 2020: $1,766,547Net Income 2020: $81,5062020Revenue 2021: $2,051,616Expenses 2021: $1,740,124Net Income 2021: $311,4922021Revenue 2022: $2,073,782Expenses 2022: $1,779,016Net Income 2022: $294,7662022Revenue 2023: $2,328,980Expenses 2023: $2,050,597Net Income 2023: $278,3832023

Latest loaded filing

2023

Revenue$2,328,980
Expenses$2,050,597
Net Income$278,383
Open 2023 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
-
Liabilities
-
Net assets
-
Revenue
-
Expenses
-
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.1$38.9$8.23$2.33$2.05$0.28
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.2$41.3$7.94$2.07$1.78$0.29
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.4$41.7$7.66$2.05$1.74$0.31
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.4$38.1$7.34$1.85$1.77$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.2$33.9$7.25$2.02$1.75$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.1$38.9$0.25$1.91$1.66$0.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.1$34.4$6.72$1.73$1.46$0.27
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.8$34.3$6.45$1.59$1.40$0.19
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.2$33.9$6.26$1.57$1.40$0.16
2014Detailed filing. Detailed filing data is available for this year.$39.1$33.0$6.09$1.55$1.51$0.04
2013Detailed filing. Detailed filing data is available for this year.$40.5$34.4$6.06$1.53$1.60$0.07
2012Summary only. Only limited summary data is available for this year.$39.6$33.5$6.13$1.61$1.42$0.20
2011Summary only. Only limited summary data is available for this year.$38.0$32.0$5.93$1.76$1.52$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.0$31.3$5.69$1.67
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 22, 2020
Return Version
2019v5.0
Gross Receipts
$2,021,367
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$15,510,296$17,851,884▲ $2,341,588
Other Notes and Loans Receivable, Net$14,408,351$14,510,486▲ $102,135
Savings and Temporary Cash Investments$8,028,990$7,363,162▼ $665,828
Rtn Earn Endowment Incm Other Fnds$253,603$7,247,740▲ $6,994,137
Cash and Non-Interest-Bearing Accounts$282,452$366,065▲ $83,613
Land, Buildings, and Equipment, Net$325,241$325,334▲ $93
Investments in Publicly Traded Securities$9,100$193,783▲ $184,683
Accounts Receivable$75,146$73,380▼ $1,766
Prepaid Expenses and Deferred Charges$52,996$55,526▲ $2,530
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$39,110,029$41,177,104▲ $2,067,075
Other Assets Total$417,457$437,484▲ $20,027
Liabilities
Other Liabilities$38,599,216$33,826,480▼ $4,772,736
Accounts Payable and Accrued Expenses$257,210$102,884▼ $154,326
Total Liabilities$38,856,426$33,929,364▼ $4,927,062
Net Assets / Fund Balance
Total Net Assets Fund Balance$253,603$7,247,740▲ $6,994,137
Total Liabilities and Net Assets / Fund Balance$39,110,029$41,177,104▲ $2,067,075

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$218,087$718,847$936,934
Other Land Buildings$54,133$306,057$360,190
Equipment$30,407$120,881$151,288
Land$19,099-$19,099
Leasehold Improvements$3,608$4,473$8,081
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy KindredCEOFT$145,090$25,592$170,682

Board Members and Trustees

NameTitle
Rex WelbonChairperson
Debra HinesVice Chair
Beth MaycroftDirector
Marcie Ver BeekDirector
Michael CardosaDirector
Kelly FalconerSecretary
Jeff HuvaereTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
CU AnswersData Processing6000 28th St SE, Grand Rapids, MI 49546-
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,414,920
Investment Income
$606,447
Other Revenue
$0
Change in Net Assets
$269,824
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$999,372
Salaries, Compensation, and Employee Benefits$752,171
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$418,376
Current Officers, Directors, Trustees, and Key Employees---$170,682
Office Expenses---$136,187
Information Technology---$115,192
Interest---$96,995
Advertising---$90,497
Other Employee Benefits---$70,542
Depreciation Depletion---$69,106
Occupancy---$60,829
Payroll Taxes---$52,024
Pension Plan Contributions---$40,547
Fees for Services Accounting---$30,786
Travel---$25,077
Fees for Services Other---$19,510
Other Expenses---$17,379
Insurance---$14,177
All Other Expenses---$12,997
Total Functional Expenses$0$0$0$1,751,543
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
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 & Deposits$33,826,480
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 35% controlled entity
No
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 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
GR Consumers Credit Union
EIN
38-1370948
Phone
6165383325
Address
3975 Clay Avenue SW, Wyoming, MI 49548

Signing Officer

Name
Timothy Kindred
Title
CEO
Signed
2020-04-22
Discuss with paid preparer
Yes

Organization Details

Formed
1941
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
17
Volunteers
7

Preparer

Firm
Financial Standards Group Inc
Address
6447 W HIGHWAY 146, CRESTWOOD, KY 40014
Preparer
Robert Draeger
Phone
8005225820
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Reclassifaction of reserves from prior year return = $6717761”

Raw XML AppendixShowing 400 of 419 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/BOYAmt0257210
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0102884
IRS990/AccountsReceivableGrp/BOYAmt075146
IRS990/AccountsReceivableGrp/EOYAmt073380
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Provide financial services and products to members.
IRS990/AdvertisingGrp/TotalAmt090497
IRS990/AllOtherExpensesGrp/TotalAmt012997
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Timothy Kindred
IRS990/BooksInCareOfDetail/PhoneNum06165383325
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03975 Clay Avenue SW
IRS990/BooksInCareOfDetail/USAddress/CityNm0Wyoming
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0495483086
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0282452
IRS990/CashNonInterestBearingGrp/EOYAmt0366065
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0170682
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt06000 28th St SE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Grand Rapids
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd049546
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0CU Answers
IRS990/ContractorCompensationGrp/ServicesDesc0Data Processing
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0606447
IRS990/CYOtherExpensesAmt0999372
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01414920
IRS990/CYRevenuesLessExpensesAmt0269824
IRS990/CYSalariesCompEmpBnftPaidAmt0752171
IRS990/CYTotalExpensesAmt01751543
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02021367
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt069106
IRS990/Desc0The Credit Union provides several deposit account types to members including savings, checking certificate and other. The total number of members at 12/31/2019 was 3,305.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt017
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt030786
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt019510
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/AverageHoursPerWeekRt040.00
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/AverageHoursPerWeekRt71.00
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/OtherCompensationAmt025592
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0Timothy Kindred
IRS990/Form990PartVIISectionAGrp/PersonNm1Rex Welbon
IRS990/Form990PartVIISectionAGrp/PersonNm2Marcie Ver Beek
IRS990/Form990PartVIISectionAGrp/PersonNm3Kelly Falconer
IRS990/Form990PartVIISectionAGrp/PersonNm4Debra Hines
IRS990/Form990PartVIISectionAGrp/PersonNm5Beth Maycroft
IRS990/Form990PartVIISectionAGrp/PersonNm6Michael Cardosa
IRS990/Form990PartVIISectionAGrp/PersonNm7Jeff Huvaere
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0145090
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
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/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01941
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/GrossReceiptsAmt02021367
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0115192
IRS990/InsuranceGrp/TotalAmt014177
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt096995
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0606447
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0606447
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt015510296
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt017851884
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt09100
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0193783
IRS990/IRPDocumentCnt0677
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01150258
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0325241
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0325334
IRS990/LandBldgEquipCostOrOtherBssAmt01475592
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide financial services and products to members.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0253603
IRS990/NetAssetsOrFundBalancesEOYAmt07247740
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt06552
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt060829
IRS990/OfficeExpensesGrp/TotalAmt0136187
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0417457
IRS990/OtherAssetsTotalGrp/EOYAmt0437484
IRS990/OtherChangesInNetAssetsAmt06717761
IRS990/OtherEmployeeBenefitsGrp/TotalAmt070542
IRS990/OtherExpensesGrp/Desc0ATM/Debit Card Exp
IRS990/OtherExpensesGrp/Desc1Loan and collection expense
IRS990/OtherExpensesGrp/Desc2Provision for Loan Losses
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/TotalAmt0129935
IRS990/OtherExpensesGrp/TotalAmt1116505
IRS990/OtherExpensesGrp/TotalAmt264200
IRS990/OtherExpensesGrp/TotalAmt317379
IRS990/OtherLiabilitiesGrp/BOYAmt038599216
IRS990/OtherLiabilitiesGrp/EOYAmt033826480
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1524298
IRS990/OtherRevenueMiscGrp/Desc0ATM Surcharge
IRS990/OtherRevenueMiscGrp/Desc1Insurance Premium Income
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0418376
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt014408351
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt014510486
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt052024
IRS990/PensionPlanContributionsGrp/TotalAmt040547
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt052996
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt055526
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/BusinessCd4522100
IRS990/ProgramServiceRevenueGrp/Desc0Debit Card Income
IRS990/ProgramServiceRevenueGrp/Desc1Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc2NSF Charges
IRS990/ProgramServiceRevenueGrp/Desc3Other Fees & Charges
IRS990/ProgramServiceRevenueGrp/Desc4VISA Interchange Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0183180
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1810176
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt246871
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3280776
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt462778
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0183180
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1810176
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt246871
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3280776
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt462778
IRS990/ProgSrvcAccomActy2Grp/Desc0The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of member loans outstanding at 12/31/2019 was 2,370.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0523675
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0945567
IRS990/PYOtherRevenueAmt037096
IRS990/PYProgramServiceRevenueAmt01352755
IRS990/PYRevenuesLessExpensesAmt0253603
IRS990/PYSalariesCompEmpBnftPaidAmt0714356
IRS990/PYTotalExpensesAmt01659923
IRS990/PYTotalRevenueAmt01913526
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0269824
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0253603
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07247740
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08028990
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07363162
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0218087
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0718847
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0936934
IRS990ScheduleD/EquipmentGrp/BookValueAmt030407
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0120881
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0151288
IRS990ScheduleD/LandGrp/BookValueAmt019099
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt019099
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03608
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04473
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08081
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt054133
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0306057
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0360190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt033826480
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares & Deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0325334
IRS990ScheduleD/TotalBookValueSecuritiesAmt017851884
IRS990ScheduleD/TotalLiabilityAmt033826480
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0145090
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt025592
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Timothy Kindred
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0170682
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
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 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/ExplanationTxt7Reclassifaction of reserves from prior year return = $6717761
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt039110029
IRS990/TotalAssetsEOYAmt041177104
IRS990/TotalAssetsGrp/BOYAmt039110029
IRS990/TotalAssetsGrp/EOYAmt041177104
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01751543
IRS990/TotalGrossUBIAmt010400
IRS990/TotalLiabilitiesBOYAmt038856426
IRS990/TotalLiabilitiesEOYAmt033929364
IRS990/TotalLiabilitiesGrp/BOYAmt038856426
IRS990/TotalLiabilitiesGrp/EOYAmt033929364
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0253603
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07247740
IRS990/TotalOtherCompensationAmt025592
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt020739
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt031139
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt010400
IRS990/TotalProgramServiceRevenueAmt01414920
IRS990/TotalReportableCompFromOrgAmt0145090
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02010967
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02021367
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt010400
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt039110029
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt041177104
IRS990/TravelGrp/TotalAmt025077
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03975 Clay Avenue SW
IRS990/USAddress/CityNm0Wyoming
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd0495483086
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.grccu.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Timothy Kindred
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GR Consumers Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0GRCO

Document Assets

No mirrored PDF or thumbnail assets are attached yet.