Civic Intelligence

Credit Union Chr in the State of MI

EIN 38-1400730 • 501(c)14 • Lansing, MI

Profile

To provide low cost banking to its member owners.

7373 West Saginaw HighwayLansing, MI 48917

www.farmbureaufamilycu.org

Siviq Scores

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

Liabilities / Assets

68th percentile

0.89x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

42nd percentile

14.39x

Higher debt load relative to revenue than 42% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Net Margin

86th percentile

25%

Higher net margin than 86% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$151,002

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Asset Growth

76th percentile

4.1%

Faster asset growth than 76% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

29%

Faster revenue growth than 96% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets68th percentile

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

Assets

Down

$22,725,001

Down $894,307 (-3.8%) from 2022

Liabilities

Down

$20,372,714

Down $971,387 (-4.6%) from 2022

Net Assets

Up

$2,352,287

Up $77,080 (+3.4%) from 2022

Operations
Liabilities / Revenue42nd percentileNet Margin86th percentile

Revenue

Up

$1,130,865

Up $267,915 (+31%) from 2022

Expenses

Up

$957,785

Up $225,699 (+31%) from 2022

Net Income

Up

$173,080

Up $42,216 (+32%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth76th percentile

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

$30M$20M$10M$0Assets 2010: $14,261,068Liabilities 2010: $9,044Net Assets 2010: $14,252,0242010Assets 2011: $14,827,925Liabilities 2011: $32,532Net Assets 2011: $14,795,3932011Assets 2012: $15,510,991Liabilities 2012: $32,807Net Assets 2012: $15,478,1842012Assets 2013: $15,623,133Liabilities 2013: $17,080Net Assets 2013: $15,606,0532013Assets 2014: $16,896,060Liabilities 2014: $17,153Net Assets 2014: $16,878,9072014Assets 2015: $17,704,203Liabilities 2015: $21,562Net Assets 2015: $17,682,6412015Assets 2016: $18,334,002Liabilities 2016: $60,623Net Assets 2016: $18,273,3792016Assets 2017: $18,443,399Liabilities 2017: $152,575Net Assets 2017: $18,290,8242017Assets 2018: $18,076,981Liabilities 2018: $41,994Net Assets 2018: $18,034,9872018Assets 2019: $18,668,241Liabilities 2019: $46,452Net Assets 2019: $18,621,7892019Assets 2020: $21,914,538Liabilities 2020: $275,666Net Assets 2020: $21,638,8722020Assets 2021: $22,403,417Liabilities 2021: $20,259,074Net Assets 2021: $2,144,3432021Assets 2022: $23,619,308Liabilities 2022: $21,344,101Net Assets 2022: $2,275,2072022Assets 2023: $22,725,001Liabilities 2023: $20,372,714Net Assets 2023: $2,352,2872023

Latest loaded filing

2023

Assets$22,725,001
Liabilities$20,372,714
Net Assets$2,352,287
Open 2023 Filing

Operations Trend

Revenue Growth96th percentile

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

$1.5M$1.0M$500K$0Expenses 2010: $608,3912010Expenses 2011: $564,5132011Expenses 2012: $553,6302012Revenue 2013: $540,980Expenses 2013: $508,355Net Income 2013: $32,6252013Revenue 2014: $533,315Expenses 2014: $471,097Net Income 2014: $62,2182014Revenue 2015: $509,678Expenses 2015: $447,241Net Income 2015: $62,4372015Revenue 2016: $552,739Expenses 2016: $455,302Net Income 2016: $97,4372016Revenue 2017: $564,273Expenses 2017: $508,659Net Income 2017: $55,6142017Revenue 2018: $629,426Expenses 2018: $510,178Net Income 2018: $119,2482018Revenue 2019: $691,477Expenses 2019: $609,173Net Income 2019: $82,3042019Revenue 2020: $700,874Expenses 2020: $594,231Net Income 2020: $106,6432020Revenue 2021: $730,870Expenses 2021: $605,957Net Income 2021: $124,9132021Revenue 2022: $862,950Expenses 2022: $732,086Net Income 2022: $130,8642022Revenue 2023: $1,130,865Expenses 2023: $957,785Net Income 2023: $173,0802023

Latest loaded filing

2023

Revenue$1,130,865
Expenses$957,785
Net Income$173,080
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.$22.7$20.4$2.35$1.13$0.96$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.6$21.3$2.28$0.86$0.73$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.4$20.3$2.14$0.73$0.61$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.9$0.28$21.6$0.70$0.59$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.7$0.05$18.6$0.69$0.61$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.1$0.04$18.0$0.63$0.51$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.4$0.15$18.3$0.56$0.51$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.3$0.06$18.3$0.55$0.46$0.10
2015Detailed filing. Detailed filing data is available for this year.$17.7$0.02$17.7$0.51$0.45$0.06
2014Detailed filing. Detailed filing data is available for this year.$16.9$0.02$16.9$0.53$0.47$0.06
2013Detailed filing. Detailed filing data is available for this year.$15.6$0.02$15.6$0.54$0.51$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.5$0.03$15.5$0.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$0.03$14.8$0.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$0.01$14.3$0.61
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 26, 2023
Return Version
2022v5.0
Gross Receipts
$862,950
Mission and Program Overview

Mission

To provide low cost banking to it's member owners.

To provide low cost financial services to our member owners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$13,004,371$14,289,389▲ $1,285,018
Investments Other Securities$6,599,707$5,073,707▼ $1,526,000
Savings and Temporary Cash Investments$1,736,000$3,886,016▲ $2,150,016
Rtn Earn Endowment Incm Other Fnds$2,144,343$2,275,207▲ $130,864
Cash and Non-Interest-Bearing Accounts$818,041$117,859▼ $700,182
Prepaid Expenses and Deferred Charges$27,105$25,945▼ $1,160
Land, Buildings, and Equipment, Net$222$0▼ $222
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$22,403,417$23,619,308▲ $1,215,891
Other Assets Total$217,971$226,392▲ $8,421
Liabilities
Other Liabilities$20,195,838$21,177,878▲ $982,040
Accounts Payable and Accrued Expenses$63,236$166,223▲ $102,987
Total Liabilities$20,259,074$21,344,101▲ $1,085,027
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,144,343$2,275,207▲ $130,864
Total Liabilities and Net Assets / Fund Balance$22,403,417$23,619,308▲ $1,215,891

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$185,187$185,187
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brandon L BussaManager / CEOFT$116,922$17,574$134,496

Board Members and Trustees

NameTitle
Nicholas OttneyChairperson
Jamey MyersVice Chair
Nancy SchultzDirector
Nicholas LewisDirector
Samuel NielsenDirector
Scott PiggottDirector
Susan DecDirector
Gail KendallSecretary
Steven HummerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$733,077
Investment Income
$129,873
Other Revenue
$0
Change in Net Assets
$130,864
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$382,870
Salaries, Compensation, and Employee Benefits$349,216
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$159,896
Current Officers, Directors, Trustees, and Key Employees---$134,496
Information Technology---$87,712
Interest---$55,282
Fees for Services Other---$42,889
Office Expenses---$32,034
Payroll Taxes---$21,768
Pension Plan Contributions---$16,924
Other Employee Benefits---$16,132
Fees for Services Accounting---$12,368
Fees for Services Legal---$10,408
Advertising---$9,923
Insurance---$8,089
All Other Expenses---$6,494
Other Expenses---$5,883
Depreciation Depletion---$223
Total Functional Expenses$0$0$0$732,086
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
Total Shares and Share Certificates$21,177,878
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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 has a single class of members with equal rights of ownership, governance, and voting.”

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

“Credit Union members elect members of the governing body each year at the Annual Meeting.”

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

“Mergers are voted on by entire membership.”

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

“No review was or will be conducted.”

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

“The Board of Directors completes a performance appraisal of the CEO. They are responsible for determining the compensation of the CEO and key employees.”

Form 990, Part VI, Section C, Line 19

“Financial Statements are posted monthly in the office. Quarterly call reports are available at the ncua.gov website. All other documents are made available for review upon request.”

Filing and Contact Details

Filer

Filer Name
Credit Union Chr in the State of Mi
EIN
38-1400730
Phone
5176795274
Address
7373 WEST SAGINAW HIGHWAY, LANSING, MI 48917

Signing Officer

Name
Brandon L Bussa
Title
CEO
Signed
2023-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brandon L Bussa
Formed
1933
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
6

Preparer

Firm
Financial Standards Group Inc
Address
6447 W HIGHWAY 146, CRESTWOOD, KY 40014
Preparer
Patrick Haughey
Phone
8005225820
Raw XML Appendix382 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/BOYAmt063236
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0166223
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To provide low cost financial services to our member owners.
IRS990/AdvertisingGrp/TotalAmt09923
IRS990/AllOtherExpensesGrp/TotalAmt06494
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0BRANDON L BUSSA
IRS990/BooksInCareOfDetail/PhoneNum05176795274
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07373 WEST SAGINAW HIGHWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0LANSING
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048917
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0818041
IRS990/CashNonInterestBearingGrp/EOYAmt0117859
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0134496
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0129873
IRS990/CYOtherExpensesAmt0382870
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0733077
IRS990/CYRevenuesLessExpensesAmt0130864
IRS990/CYSalariesCompEmpBnftPaidAmt0349216
IRS990/CYTotalExpensesAmt0732086
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0862950
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0223
IRS990/Desc0The Credit Union provides several deposit account types to members including savings, checking, certificate and other. The total number of members at 12/31/2022 was 1,707.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt012368
IRS990/FeesForServicesLegalGrp/TotalAmt010408
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt042889
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
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/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt017574
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0BRANDON L BUSSA
IRS990/Form990PartVIISectionAGrp/PersonNm1Susan Dec
IRS990/Form990PartVIISectionAGrp/PersonNm2GAIL KENDALL
IRS990/Form990PartVIISectionAGrp/PersonNm3NICHOLAS LEWIS
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMEY MYERS
IRS990/Form990PartVIISectionAGrp/PersonNm5SAMUEL NIELSEN
IRS990/Form990PartVIISectionAGrp/PersonNm6STEVEN HUMMER
IRS990/Form990PartVIISectionAGrp/PersonNm7SCOTT PIGGOTT
IRS990/Form990PartVIISectionAGrp/PersonNm8NICHOLAS OTTNEY
IRS990/Form990PartVIISectionAGrp/PersonNm9NANCY SCHULTZ
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0116922
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0MANAGER / CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01933
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0862950
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt087712
IRS990/InsuranceGrp/TotalAmt08089
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt055282
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0129873
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0129873
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt06599707
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05073707
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt0257
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0185187
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0222
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt0185187
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To provide low cost financial services to our member owners.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02144343
IRS990/NetAssetsOrFundBalancesEOYAmt02275207
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt032034
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0217971
IRS990/OtherAssetsTotalGrp/EOYAmt0226392
IRS990/OtherEmployeeBenefitsGrp/TotalAmt016132
IRS990/OtherExpensesGrp/Desc0ATM/SVC Center/Co-Op
IRS990/OtherExpensesGrp/Desc1Loan Servicing Expenses
IRS990/OtherExpensesGrp/Desc2Provision for Loan Losses
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
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IRS990/OtherExpensesGrp/TotalAmt140109
IRS990/OtherExpensesGrp/TotalAmt212000
IRS990/OtherExpensesGrp/TotalAmt35883
IRS990/OtherLiabilitiesGrp/BOYAmt020195838
IRS990/OtherLiabilitiesGrp/EOYAmt021177878
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0159896
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt013004371
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt014289389
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt021768
IRS990/PensionPlanContributionsGrp/TotalAmt016924
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt025945
IRS990/PrincipalOfficerNm0BRANDON L BUSSA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LOAN INTEREST INCOME
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1631374
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0101703
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1631374
IRS990/ProgSrvcAccomActy2Grp/Desc0the Credit Union provides a variety of loan types to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2022 was 1,369.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0151011
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0269507
IRS990/PYProgramServiceRevenueAmt0579859
IRS990/PYRevenuesLessExpensesAmt0124913
IRS990/PYSalariesCompEmpBnftPaidAmt0336450
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IRS990/ReconcilationRevenueExpnssAmt0130864
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IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02275207
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01736000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03886016
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0185187
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0185187
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021177878
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TOTAL SHARES AND SHARE CERTIFICATES
IRS990ScheduleD/TotalBookValueSecuritiesAmt05073707
IRS990ScheduleD/TotalLiabilityAmt021177878
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Credit Union has a single class of members with equal rights of ownership, governance, and voting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Credit Union members elect members of the governing body each year at the Annual Meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Mergers are voted on by entire membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Directors completes a performance appraisal of the CEO. They are responsible for determining the compensation of the CEO and key employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Financial Statements are posted monthly in the office. Quarterly call reports are available at the ncua.gov website. All other documents are made available for review upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt023619308
IRS990/TotalAssetsGrp/BOYAmt022403417
IRS990/TotalAssetsGrp/EOYAmt023619308
IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0732086
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020259074
IRS990/TotalLiabilitiesEOYAmt021344101
IRS990/TotalLiabilitiesGrp/BOYAmt020259074
IRS990/TotalLiabilitiesGrp/EOYAmt021344101
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02144343
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02275207
IRS990/TotalOtherCompensationAmt017574
IRS990/TotalProgramServiceRevenueAmt0733077
IRS990/TotalReportableCompFromOrgAmt0116922
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0862950
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0862950
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt022403417
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt023619308
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07373 WEST SAGINAW HIGHWAY
IRS990/USAddress/CityNm0LANSING
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048917
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.farmbureaufamilycu.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRANDON L BUSSA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CREDIT UNION CHR IN THE STATE OF MI
ReturnHeader/Filer/BusinessNameControlTxt0CRED
ReturnHeader/Filer/EIN0381400730
ReturnHeader/Filer/PhoneNum05176795274
ReturnHeader/Filer/USAddress/AddressLine1Txt07373 WEST SAGINAW HIGHWAY
ReturnHeader/Filer/USAddress/CityNm0LANSING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048917
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650152722
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FINANCIAL STANDARDS GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06447 W HIGHWAY 146
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CRESTWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040014
ReturnHeader/PreparerPersonGrp/PhoneNum08005225820
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Patrick Haughey
ReturnHeader/ReturnTs02023-04-26T12:06:58-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRANDON L
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BUSSA
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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