Civic Intelligence

Credit Unions Chartered in the State of Michigan Marshall Community Credit Union

990 • Fiscal year 2017 • EIN 38-1444840

Jan 01, 2017 to Dec 31, 2017 • Filed on May 11, 2018

Organization ProfileWWW.MARSHALLCOMMUNITYCU.COM
839 W Green StMarshall, MI 49068

(269) 781-9885

Siviq Scores

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

Liabilities / Assets

12th percentile

0.83x

Higher debt load relative to assets than 12% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

31st percentile

15.43x

Higher debt load relative to revenue than 31% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Net Margin

91st percentile

24%

Higher net margin than 91% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

90th percentile

$343,601

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Asset Growth

61st percentile

4.8%

Faster asset growth than 61% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

58th percentile

7.6%

Faster revenue growth than 58% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$187,966,480

Up $8,528,973 (+4.8%) from 2016

Net Assets

Up

$32,806,755

Up $2,330,588 (+7.6%) from 2016

Liabilities

Up

$155,159,725

Up $6,198,385 (+4.2%) from 2016

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin91st percentile

Revenue

Up

$10,053,314

Up $706,370 (+7.6%) from 2016

Expenses

Up

$7,663,318

Up $872,100 (+13%) from 2016

Net Income

Down

$2,389,996

Down $165,730 (-6.5%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$400M$300M$200M$100M$0Assets 2010: $146,069,621Liabilities 2010: $128,580,261Net Assets 2010: $17,489,3602010Assets 2011: $147,935,734Liabilities 2011: $128,203,022Net Assets 2011: $19,732,7122011Assets 2012: $148,946,192Liabilities 2012: $127,234,329Net Assets 2012: $21,711,8632012Assets 2013: $153,103,426Liabilities 2013: $130,111,103Net Assets 2013: $22,992,3232013Assets 2014: $164,937,885Liabilities 2014: $139,414,438Net Assets 2014: $25,523,4472014Assets 2015: $167,571,843Liabilities 2015: $139,609,178Net Assets 2015: $27,962,6652015Assets 2016: $179,437,507Liabilities 2016: $148,961,340Net Assets 2016: $30,476,1672016Assets 2017: $187,966,480Liabilities 2017: $155,159,725Net Assets 2017: $32,806,7552017Assets 2018: $200,398,796Liabilities 2018: $165,191,686Net Assets 2018: $35,207,1102018Assets 2019: $226,939,106Liabilities 2019: $188,816,747Net Assets 2019: $38,122,3592019Assets 2020: $280,270,362Liabilities 2020: $236,074,754Net Assets 2020: $44,195,6082020Assets 2021: $305,597,773Liabilities 2021: $258,017,412Net Assets 2021: $47,580,3612021Assets 2022: $306,519,256Liabilities 2022: $264,778,530Net Assets 2022: $41,740,7262022Assets 2023: $311,754,958Liabilities 2023: $265,887,060Net Assets 2023: $45,867,8982023Assets 2024: $330,682,386Liabilities 2024: $279,912,598Net Assets 2024: $50,769,7882024

Highlighted filing

2017

Assets$187,966,480
Liabilities$155,159,725
Net Assets$32,806,755
Open 2017 Filing

Operations Trend

Revenue Growth58th percentile

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

$30M$20M$10M$0Expenses 2010: $7,277,3642010Revenue 2011: $7,531,926Expenses 2011: $5,318,058Net Income 2011: $2,213,8682011Expenses 2012: $5,420,8292012Revenue 2013: $6,884,503Expenses 2013: $5,150,697Net Income 2013: $1,733,8062013Revenue 2014: $7,666,715Expenses 2014: $5,110,926Net Income 2014: $2,555,7892014Revenue 2015: $8,443,772Expenses 2015: $5,979,410Net Income 2015: $2,464,3622015Revenue 2016: $9,346,944Expenses 2016: $6,791,218Net Income 2016: $2,555,7262016Revenue 2017: $10,053,314Expenses 2017: $7,663,318Net Income 2017: $2,389,9962017Revenue 2018: $11,350,188Expenses 2018: $8,934,581Net Income 2018: $2,415,6072018Revenue 2019: $13,163,286Expenses 2019: $10,548,719Net Income 2019: $2,614,5672019Revenue 2020: $15,890,998Expenses 2020: $10,715,854Net Income 2020: $5,175,1442020Revenue 2021: $14,980,638Expenses 2021: $10,203,346Net Income 2021: $4,777,2922021Revenue 2022: $13,400,712Expenses 2022: $11,491,605Net Income 2022: $1,909,1072022Revenue 2023: $16,738,081Expenses 2023: $14,198,224Net Income 2023: $2,539,8572023Revenue 2024: $21,600,711Expenses 2024: $17,219,546Net Income 2024: $4,381,1652024

Highlighted filing

2017

Revenue$10,053,314
Expenses$7,663,318
Net Income$2,389,996
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 11, 2018
Return Version
2017v2.2
Gross Receipts
$10,336,297
Mission and Program Overview

Mission

A progressive member owned community financial institution providing outstanding service and quality financial products. We partner with our members to become their primary financial institution, contribute to the success of the communities we serve and securely foster sound growth and sustained earnings.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$138,778,888$147,733,639▲ $8,954,751
Rtn Earn Endowment Incm Other Fnds$30,476,167$32,806,755▲ $2,330,588
Investments Other Securities$22,609,512$22,381,231▼ $228,281
Land, Buildings, and Equipment, Net$5,054,471$5,087,700▲ $33,229
Investments Program Related$5,011,777$4,690,495▼ $321,282
Cash and Non-Interest-Bearing Accounts$2,489,472$2,370,953▼ $118,519
Prepaid Expenses and Deferred Charges$227,517$221,231▼ $6,286
Accounts Receivable$116,019$99,841▼ $16,178
Receivables From Officers Etc$12,204--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$179,437,507$187,966,480▲ $8,528,973
Other Assets Total$5,137,647$5,381,390▲ $243,743
Liabilities
Other Liabilities$145,387,006$150,858,019▲ $5,471,013
Accounts Payable and Accrued Expenses$2,074,334$2,801,706▲ $727,372
Mortgage Notes Payable Secured by Investment Property$1,500,000$1,500,000→ $0
Total Liabilities$148,961,340$155,159,725▲ $6,198,385
Net Assets / Fund Balance
Total Net Assets Fund Balance$30,476,167$32,806,755▲ $2,330,588
Total Liabilities and Net Assets / Fund Balance$179,437,507$187,966,480▲ $8,528,973

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,572,769$1,535,460$5,108,229
Other Land Buildings$502,660$868,187$1,370,847
Land$1,012,271-$1,012,271
Other Securities$1,488,000--
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heather LucianiCEOFT$214,357$129,244$343,601
John MckenzieVP of Information TechnologyFT$103,899$27,526$131,425
Julie ZinkCFOFT$113,825$11,506$125,331

Board Members and Trustees

NameTitle
Jay LarsonChairperson
Michael DarlingVice Chairperson
Ashley IovienoDirector
Douglas JacksonDirector
Kelli ScottDirector
Lisa DamronDirector
William ClaybornDirector
Jerry BaramorSecretary
Mark GaravaliaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,658,747
Investment Income
$397,502
Other Revenue
$-2,935
Change in Net Assets
$2,389,996

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,104,298
Revenue Not Reported on Financial Statements
$-50,984
Revenue Not Reported on Form 990
$-59,410
Other Revenue Adjustments
$-50,984
Total Revenue per Audited Statements
$10,044,888
Total Revenue per Form 990
$10,053,314
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,755,108
Salaries, Compensation, and Employee Benefits$2,901,400
Grants and Similar Amounts Paid$6,810
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,780,341
Fees for Services Other---$1,023,394
Interest---$775,668
Current Officers, Directors, Trustees, and Key Employees---$677,008
Other Expenses---$423,302
Advertising---$243,646
All Other Expenses---$204,603
Other Employee Benefits---$199,441
Depreciation Depletion---$188,790
Payroll Taxes---$183,571
Information Technology---$171,573
Occupancy---$163,213
Office Expenses---$124,770
Conferences and Meetings---$79,615
Fees for Services Legal---$68,371
Pension Plan Contributions---$61,039
Fees for Services Accounting---$54,543
Insurance---$40,287
Grants to Domestic Orgs---$6,810
Total Functional Expenses$0$0$0$7,663,318

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,721,698
Expenses per Audited Statements$7,663,318
Total Expenses per Form 990$7,663,318
Expenses Not Reported on Form 990$58,380
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of MarshallMarshall, MIGovernmentGovernment Programs$6,810
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 Officers, Directors, Trustees, and Key Employees$12,204--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$148,470,019
Non-member Certificates of Deposit$2,388,000
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 2

“Board member william clayborn has a family relationship with cfo julie zink (spouses are siblings).”

Form 990, Part VI, Section A, Line 6

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

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

“The board of directors is elected by the membership and announced at the annual meeting. Each board member is elected for a three year term.”

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

“Credit union decisions that are subject to membership approval are mergers into another credit union and conversions from a credit union to a mutual savings bank, mutual savings association, bank, stock savings bank, or stock savings and loan association.”

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

“A review is conducted by the cfo and then submitted to the ceo and the board of directors for review prior to submission to the irs.”

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

“Employees receive training on policies and are required to submit to management a conflict of interest statement. Board members sign an annual oath of office that includes acknowledging familiarity with the credit union's directorship responsibility and conflict of interest policies, among others.”

Form 990, Part VI, Section B, Line 15

“Performance is reviewed by the board of directors and includes both objective and subjective factors. The personnel committee of the board of directors then meets to establish a recommended salary increase, based on this review and compensation surveys. The board of directors then acts on this recommendation. The ceo is also eligible for an incentive bonus based on meeting pre-defined credit union goals/metrics. Ceo evaluates employee based on goals and soft skill factors. Salary range recommended by the ceo based on compensation surveys and approved by the board. Salary increase percent determined by a matrix that is based upon performance level and position within approved salary range. Cfo, coo, vp of lending, & vp of it are eligible for an incentive bonus based on meeting pre-defined credit union goals/metrics.”

Form 990, Part VI, Section C, Line 19

“Financial statements are posted in the credit union lobby. Other documents and policies are available for review upon request.”

Filing and Contact Details

Filer

Filer Name
Marshall Community Credit Union
EIN
38-1444840
Phone
2697819885
Address
839 W GREEN ST, MARSHALL, MI 49068

Signing Officer

Name
Julie Zink
Title
CFO
Phone
2697819885
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Zink
Formed
1951
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
66
Volunteers
9

Preparer

Firm
Rehmann Robson LLC
Address
224 E LARKIN ST STE 100, MIDLAND, MI 48640
Preparer
Jeffrey E Hert CPA
Phone
9896313131
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“The organization started offering property & casualty and ancillary insurance lines via their 100% owned cuso, mccu insurance agency, llc (beginning in december 2017).”

Form 990, Part IX, Line 11G

“OTHER FEES 1,023,394.”

Form 990, Part IX, Line 24E

“Miscellaneous operating expense 92,226. Examination fees/association dues 59,527. Contributions 52,850.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The credit union has evaluated its income tax filing positions for the years 2014 through 2017, the years which remain subject to examination by major tax jurisdictions as of december 31, 2017. The credit union concluded that there are no significant uncertain tax positions requiring recognition in the credit union's financial statements. The credit union does not expect the total amount of unrecognized tax benefits ("utb") (e.g., tax deductions, exclusions, or credits claimed or expected to be claimed) to significantly change in the next 12 months. The credit union does not have any amounts accrued for interest and penalties related to utbs at december 31, 2017 and 2016, and it is not aware of any claims for such amounts by federal or state income tax authorities.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Sale of foreclosed assets -48,049. Rental expense -2,935.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Sale of foreclosed assets 48,049. Rental expense 2,935. Other expense 7,396.”

Raw XML AppendixShowing 400 of 536 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02074334
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02801706
IRS990/AccountsReceivableGrp/BOYAmt0116019
IRS990/AccountsReceivableGrp/EOYAmt099841
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND.
IRS990/AdvertisingGrp/TotalAmt0243646
IRS990/AllOtherExpensesGrp/TotalAmt0204603
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JULIE ZINK
IRS990/BooksInCareOfDetail/PhoneNum02697819885
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0839 W GREEN ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0MARSHALL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd049068
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt02489472
IRS990/CashNonInterestBearingGrp/EOYAmt02370953
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0677008
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt079615
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt06810
IRS990/CYInvestmentIncomeAmt0397502
IRS990/CYOtherExpensesAmt04755108
IRS990/CYOtherRevenueAmt0-2935
IRS990/CYProgramServiceRevenueAmt09658747
IRS990/CYRevenuesLessExpensesAmt02389996
IRS990/CYSalariesCompEmpBnftPaidAmt02901400
IRS990/CYTotalExpensesAmt07663318
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt010053314
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0188790
IRS990/Desc0PROVIDE 12,095 MEMBERS WITH REGULAR SHARE, CLUB SAVINGS, SHARE DRAFT, HEALTH SAVINGS, MONEY MARKET, IRA AND CERTIFICATE OF DEPOSIT ACCOUNTS TOTALING 13,501.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt066
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt054543
IRS990/FeesForServicesLegalGrp/TotalAmt068371
IRS990/FeesForServicesOtherGrp/TotalAmt01023394
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
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/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
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/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt9100295
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1011506
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1127526
IRS990/Form990PartVIISectionAGrp/PersonNm0JAY LARSON
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHAEL DARLING
IRS990/Form990PartVIISectionAGrp/PersonNm2MARK GARAVALIA
IRS990/Form990PartVIISectionAGrp/PersonNm3JERRY BARAMOR
IRS990/Form990PartVIISectionAGrp/PersonNm4WILLIAM CLAYBORN
IRS990/Form990PartVIISectionAGrp/PersonNm5LISA DAMRON
IRS990/Form990PartVIISectionAGrp/PersonNm6ASHLEY IOVIENO
IRS990/Form990PartVIISectionAGrp/PersonNm7DOUGLAS JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm8KELLI SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm9HEATHER LUCIANI
IRS990/Form990PartVIISectionAGrp/PersonNm10JULIE ZINK
IRS990/Form990PartVIISectionAGrp/PersonNm11JOHN MCKENZIE
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/ReportableCompFromOrgAmt9243306
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10113825
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11103899
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP OF INFORMATION TECHNOLOGY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01951
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-48049
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticOrgsGrp/TotalAmt06810
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0231999
IRS990/GrossReceiptsAmt010336297
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0171573
IRS990/InsuranceGrp/TotalAmt040287
IRS990/InterestGrp/TotalAmt0775668
IRS990/InvestmentIncomeGrp/ExclusionAmt0445551
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0445551
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt022609512
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt022381231
IRS990/InvestmentsProgramRelatedGrp/BOYAmt05011777
IRS990/InvestmentsProgramRelatedGrp/EOYAmt04690495
IRS990/IRPDocumentCnt02584
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02403647
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05054471
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05087700
IRS990/LandBldgEquipCostOrOtherBssAmt07491347
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0280048
IRS990/LessRentalExpensesGrp/RealAmt02935
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PARTNERING WITH MEMBERS FOR FINANCIAL SUCCESS THROUGH SERVICE, SOLUTIONS, AND EDUCATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01500000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01500000
IRS990/NetAssetsOrFundBalancesBOYAmt030476167
IRS990/NetAssetsOrFundBalancesEOYAmt032806755
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-48049
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-48049
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-2935
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-2935
IRS990/NetUnrelatedBusTxblIncmAmt016974
IRS990/NetUnrlzdGainsLossesInvstAmt0-59408
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0163213
IRS990/OfficeExpensesGrp/TotalAmt0124770
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05137647
IRS990/OtherAssetsTotalGrp/EOYAmt05381390
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0199441
IRS990/OtherExpensesGrp/Desc0TAX EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2SERVICE CHARGES AND ACC
IRS990/OtherExpensesGrp/Desc3LOAN SERVICING
IRS990/OtherExpensesGrp/TotalAmt02640
IRS990/OtherExpensesGrp/TotalAmt1665570
IRS990/OtherExpensesGrp/TotalAmt2525123
IRS990/OtherExpensesGrp/TotalAmt3423302
IRS990/OtherLiabilitiesGrp/BOYAmt0145387006
IRS990/OtherLiabilitiesGrp/EOYAmt0150858019
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherSalariesAndWagesGrp/TotalAmt01780341
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0138778888
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0147733639
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt0183571
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt061039
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0227517
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0221231
IRS990/PrincipalOfficerNm0JULIE ZINK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1524298
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06708001
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12910710
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06708001
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12950746
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt040036
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE 6,699 LOANS INCLUDING VEHICLE, OTHER CONSUMER, UNSECURED, MORTGAGE, HOME EQUITY, COMMERCIAL, CREDIT CARD, AND CONSTRUCTION LOANS. SERVICE 998 LOANS SOLD TO FANNIE MAE.
IRS990/ProgSrvcAccomActy3Grp/Desc0OFFER INSURANCE AND FINANCIAL ADVISORY SERVICES. INSURANCE OFFERED INCLUDES AD&D, GAP, AND DEBT PROTECTION. ALSO OFFER PROPERTY & CASUALTY AND ANCILLARY INSURANCE LINES VIA MCCU INSURANCE AGENCY, LLC (SEE ABOVE). FINANCIAL ADVISORY SERVICES OFFERED VIA INDEPENDENT FINANCIAL ADVISORS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0MISCELLANEOUS SERVICES: ATMS, MONEY ORDERS, WIRE TRANSFERS, PREPAID GIFT CARDS, TRAVEL MONEY CARDS, SAFE DEPOSIT BOXES, NOTARY SERVICE, MEDALLION SIGNATURE GUARANTEES, BILL PAY, COIN COUNTERS, CU IN SCHOOL BRANCHES, FINANCIAL COUNSELING VIA GREENPATH DEBT SOLUTIONS. THIS LIST IS NOT ALL-INCLUSIVE.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0359827
IRS990/PYOtherExpensesAmt04122211
IRS990/PYOtherRevenueAmt0-887
IRS990/PYProgramServiceRevenueAmt08988004
IRS990/PYRevenuesLessExpensesAmt02555726
IRS990/PYSalariesCompEmpBnftPaidAmt02669007
IRS990/PYTotalExpensesAmt06791218
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09346944
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt012204
IRS990/ReconcilationRevenueExpnssAmt02389996
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-2935
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt030476167
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt032806755
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03572769
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01535460
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05108229
IRS990ScheduleD/ExpensesNotReportedAmt058380
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07663318
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01012271
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01012271
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-59410
IRS990ScheduleD/OtherExpensesIncludedAmt058380
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0502660
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0868187
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01370847
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0148470019
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12388000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NON-MEMBER CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-50984
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt020106223
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1584641
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2202367
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt31488000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS - AFS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FEDERAL HOME LOAN BANK
IRS990ScheduleD/OtherSecuritiesGrp/Desc2INVESTMENT IN CUSOS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3BANK CDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/RevenueNotReportedAmt0-59410
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-50984
IRS990ScheduleD/RevenueSubtotalAmt010104298
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HAS EVALUATED ITS INCOME TAX FILING POSITIONS FOR THE YEARS 2014 THROUGH 2017, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF DECEMBER 31, 2017. THE CREDIT UNION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE CREDIT UNION'S FINANCIAL STATEMENTS. THE CREDIT UNION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G., TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE CREDIT UNION DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT DECEMBER 31, 2017 AND 2016, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SALE OF FORECLOSED ASSETS -48,049. RENTAL EXPENSE -2,935.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SALE OF FORECLOSED ASSETS 48,049. RENTAL EXPENSE 2,935. OTHER EXPENSE 7,396.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05087700
IRS990ScheduleD/TotalBookValueSecuritiesAmt022381231
IRS990ScheduleD/TotalExpensesPerForm990Amt07663318
IRS990ScheduleD/TotalLiabilityAmt0150858019
IRS990ScheduleD/TotalRevenuePerForm990Amt010053314
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010044888
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07721698
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt06810
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOVERNMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GOVERNMENT PROGRAMS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF MARSHALL
IRS990ScheduleI/RecipientTable/RecipientEIN0386004708
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0323 W MICHIGAN AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MARSHALL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049068
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EACH GRANTEE MUST FILL OUT A FORM STATING THEIR REQUEST AND THE USE OF THE FUNDS. WE DON'T FORMALLY MONITOR THAT THEY ACTUALLY USED THE FUNDS FOR THE STATED PURPOSE; HOWEVER, IF THEY BUY GOODS WITH THE GRANT PROVIDED (WHICH IS MOST OFTEN THE CASE), WE TAKE A PRESS RELEASE PICTURE WITH SAID GOODS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0214357
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount028949
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt097055
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt03240
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0HEATHER LUCIANI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0343601
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION PURCHASED A LIFE INSURANCE POLICY AND SERP FOR HEATHER LUCIANI, CEO IN 2013. A CONTRIBUTION OF $85,510 WAS MADE IN 2017. THE CASH SURRENDER VALUE AS OF DECEMBER 31, 2017 IS $2,424,181.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION STARTED OFFERING PROPERTY & CASUALTY AND ANCILLARY INSURANCE LINES VIA THEIR 100% OWNED CUSO, MCCU INSURANCE AGENCY, LLC (BEGINNING IN DECEMBER 2017).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBER WILLIAM CLAYBORN HAS A FAMILY RELATIONSHIP WITH CFO JULIE ZINK (SPOUSES ARE SIBLINGS).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE, AND VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP AND ANNOUNCED AT THE ANNUAL MEETING. EACH BOARD MEMBER IS ELECTED FOR A THREE YEAR TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CREDIT UNION DECISIONS THAT ARE SUBJECT TO MEMBERSHIP APPROVAL ARE MERGERS INTO ANOTHER CREDIT UNION AND CONVERSIONS FROM A CREDIT UNION TO A MUTUAL SAVINGS BANK, MUTUAL SAVINGS ASSOCIATION, BANK, STOCK SAVINGS BANK, OR STOCK SAVINGS AND LOAN ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A REVIEW IS CONDUCTED BY THE CFO AND THEN SUBMITTED TO THE CEO AND THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EMPLOYEES RECEIVE TRAINING ON POLICIES AND ARE REQUIRED TO SUBMIT TO MANAGEMENT A CONFLICT OF INTEREST STATEMENT. BOARD MEMBERS SIGN AN ANNUAL OATH OF OFFICE THAT INCLUDES ACKNOWLEDGING FAMILIARITY WITH THE CREDIT UNION'S DIRECTORSHIP RESPONSIBILITY AND CONFLICT OF INTEREST POLICIES, AMONG OTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PERFORMANCE IS REVIEWED BY THE BOARD OF DIRECTORS AND INCLUDES BOTH OBJECTIVE AND SUBJECTIVE FACTORS. THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS THEN MEETS TO ESTABLISH A RECOMMENDED SALARY INCREASE, BASED ON THIS REVIEW AND COMPENSATION SURVEYS. THE BOARD OF DIRECTORS THEN ACTS ON THIS RECOMMENDATION. THE CEO IS ALSO ELIGIBLE FOR AN INCENTIVE BONUS BASED ON MEETING PRE-DEFINED CREDIT UNION GOALS/METRICS. CEO EVALUATES EMPLOYEE BASED ON GOALS AND SOFT SKILL FACTORS. SALARY RANGE RECOMMENDED BY THE CEO BASED ON COMPENSATION SURVEYS AND APPROVED BY THE BOARD. SALARY INCREASE PERCENT DETERMINED BY A MATRIX THAT IS BASED UPON PERFORMANCE LEVEL AND POSITION WITHIN APPROVED SALARY RANGE. CFO, COO, VP OF LENDING, & VP OF IT ARE ELIGIBLE FOR AN INCENTIVE BONUS BASED ON MEETING PRE-DEFINED CREDIT UNION GOALS/METRICS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY. OTHER DOCUMENTS AND POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$187,966,480
Liabilities
$155,159,725
Net assets
$32,806,755
Revenue
$10,053,314
Expenses
$7,663,318
Net income
$2,389,996
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$331$280$50.8$21.6$17.2$4.38
2023Detailed filing. Detailed filing data is available for this year.$312$266$45.9$16.7$14.2$2.54
2022Detailed filing. Detailed filing data is available for this year.$307$265$41.7$13.4$11.5$1.91
2021Detailed filing. Detailed filing data is available for this year.$306$258$47.6$15.0$10.2$4.78
2020Detailed filing. Detailed filing data is available for this year.$280$236$44.2$15.9$10.7$5.18
2019Detailed filing. Detailed filing data is available for this year.$227$189$38.1$13.2$10.5$2.61
2018Detailed filing. Detailed filing data is available for this year.$200$165$35.2$11.4$8.93$2.42
2017Detailed filing. Detailed filing data is available for this year.$188$155$32.8$10.1$7.66$2.39
2016Detailed filing. Detailed filing data is available for this year.$179$149$30.5$9.35$6.79$2.56
2015Detailed filing. Detailed filing data is available for this year.$168$140$28.0$8.44$5.98$2.46
2014Detailed filing. Detailed filing data is available for this year.$165$139$25.5$7.67$5.11$2.56
2013Detailed filing. Detailed filing data is available for this year.$153$130$23.0$6.88$5.15$1.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$149$127$21.7$5.42
2011Summary only. Only limited summary data is available for this year.$148$128$19.7$7.53$5.32$2.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$146$129$17.5$7.28
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)14 • $100M-$250M nonprofits