Civic Intelligence

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

990 • Fiscal year 2018 • EIN 38-1444840

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 08, 2019

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

0.82x

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

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

14.55x

Higher debt load relative to revenue than 27% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Net Margin

84th percentile

21%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

82nd percentile

$298,361

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Asset Growth

76th percentile

6.6%

Faster asset growth than 76% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

68th percentile

13%

Faster revenue growth than 68% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$200,398,796

Up $12,432,316 (+6.6%) from 2017

Net Assets

Up

$35,207,110

Up $2,400,355 (+7.3%) from 2017

Liabilities

Up

$165,191,686

Up $10,031,961 (+6.5%) from 2017

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin84th percentile

Revenue

Up

$11,350,188

Up $1,296,874 (+13%) from 2017

Expenses

Up

$8,934,581

Up $1,271,263 (+17%) from 2017

Net Income

Up

$2,415,607

Up $25,611 (+1.1%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth76th 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

2018

Assets$200,398,796
Liabilities$165,191,686
Net Assets$35,207,110
Open 2018 Filing

Operations Trend

Revenue Growth68th 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

2018

Revenue$11,350,188
Expenses$8,934,581
Net Income$2,415,607
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 8, 2019
Return Version
2018v3.1
Gross Receipts
$11,752,328
Mission and Program Overview

Mission

Partnering with members for financial success through service, solutions, and education.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$147,733,639$160,060,191▲ $12,326,552
Rtn Earn Endowment Incm Other Fnds$32,806,755$35,207,110▲ $2,400,355
Investments Other Securities$22,381,231$20,325,559▼ $2,055,672
Investments Program Related$4,690,495$7,151,815▲ $2,461,320
Land, Buildings, and Equipment, Net$5,087,700$4,930,385▼ $157,315
Cash and Non-Interest-Bearing Accounts$2,370,953$2,169,395▼ $201,558
Prepaid Expenses and Deferred Charges$221,231$213,338▼ $7,893
Accounts Receivable$99,841$3,432▼ $96,409
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$187,966,480$200,398,796▲ $12,432,316
Other Assets Total$5,381,390$5,544,681▲ $163,291
Liabilities
Other Liabilities$150,858,019$161,512,781▲ $10,654,762
Accounts Payable and Accrued Expenses$2,801,706$2,178,905▼ $622,801
Mortgage Notes Payable Secured by Investment Property$1,500,000$1,500,000→ $0
Total Liabilities$155,159,725$165,191,686▲ $10,031,961
Net Assets / Fund Balance
Total Net Assets Fund Balance$32,806,755$35,207,110▲ $2,400,355
Total Liabilities and Net Assets / Fund Balance$187,966,480$200,398,796▲ $12,432,316

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,434,954$1,679,555$5,114,509
Other Land Buildings$483,160$1,021,040$1,504,200
Land$1,012,271-$1,012,271
Other Securities$3,981,747--
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heather LucianiCEOFT$200,177$98,184$298,361
John MckenzieVP of Information TechnoloFT$108,184$28,594$136,778
Julie ZinkCFOFT$117,249$11,933$129,182
Melissa SeavoltVP of LendingFT$109,500$9,113$118,613

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
$10,919,115
Investment Income
$431,073
Other Revenue
$0
Change in Net Assets
$2,415,607

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,356,882
Revenue Not Reported on Financial Statements
$-6,694
Revenue Not Reported on Form 990
$-15,252
Other Revenue Adjustments
$-6,694
Total Revenue per Audited Statements
$11,341,630
Total Revenue per Form 990
$11,350,188
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,752,817
Salaries, Compensation, and Employee Benefits$3,181,764
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,850,253
Interest---$1,145,359
Fees for Services Other---$1,134,781
Current Officers, Directors, Trustees, and Key Employees---$776,285
Other Expenses---$515,792
Advertising---$251,528
All Other Expenses---$237,765
Other Employee Benefits---$222,726
Payroll Taxes---$198,400
Information Technology---$195,122
Depreciation Depletion---$191,751
Occupancy---$169,646
Pension Plan Contributions---$134,100
Office Expenses---$132,159
Fees for Services Accounting---$76,237
Conferences and Meetings---$64,573
Insurance---$41,959
Fees for Services Legal---$37,429
Total Functional Expenses$0$0$0$8,934,581

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,941,275
Expenses per Audited Statements$8,934,581
Total Expenses per Form 990$8,934,581
Expenses Not Reported on Form 990$6,694
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$159,922,781
Non-member Certificates of Deposit$1,590,000
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
2019-04-08
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
65
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 IX, Line 11G

“OTHER FEES 1,134,781.”

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 2015 through 2018, the years which remain subject to examination by major tax jurisdictions as of december 31, 2018. 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, 2018 and 2017, 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 -6,694.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Sale of foreclosed assets 6,694.”

Raw XML AppendixShowing 400 of 495 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/BOYAmt02801706
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02178905
IRS990/AccountsReceivableGrp/BOYAmt099841
IRS990/AccountsReceivableGrp/EOYAmt03432
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND.
IRS990/AdvertisingGrp/TotalAmt0251528
IRS990/AllOtherExpensesGrp/TotalAmt0237765
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/BOYAmt02370953
IRS990/CashNonInterestBearingGrp/EOYAmt02169395
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0776285
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt064573
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0431073
IRS990/CYOtherExpensesAmt05752817
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt010919115
IRS990/CYRevenuesLessExpensesAmt02415607
IRS990/CYSalariesCompEmpBnftPaidAmt03181764
IRS990/CYTotalExpensesAmt08934581
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt011350188
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0191751
IRS990/Desc0PROVIDE 12,911 MEMBERS WITH REGULAR SHARE, CLUB SAVINGS, SHARE DRAFT, HEALTH SAVINGS, MONEY MARKET, IRA AND CERTIFICATE OF DEPOSIT ACCOUNTS TOTALING 14,389.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt065
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt076237
IRS990/FeesForServicesLegalGrp/TotalAmt037429
IRS990/FeesForServicesOtherGrp/TotalAmt01134781
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/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
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/OtherCompensationAmt945257
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1011933
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1128594
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt129113
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/PersonNm12MELISSA SEAVOLT
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/ReportableCompFromOrgAmt9253104
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10117249
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11108184
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12109500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/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 TECHNOLO
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP OF LENDING
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01951
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-6694
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0395446
IRS990/GrossReceiptsAmt011752328
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0195122
IRS990/InsuranceGrp/TotalAmt041959
IRS990/InterestGrp/TotalAmt01145359
IRS990/InvestmentIncomeGrp/ExclusionAmt0437767
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0437767
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt022381231
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt020325559
IRS990/InvestmentsProgramRelatedGrp/BOYAmt04690495
IRS990/InvestmentsProgramRelatedGrp/EOYAmt07151815
IRS990/IRPDocumentCnt03010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02700595
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05087700
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04930385
IRS990/LandBldgEquipCostOrOtherBssAmt07630980
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0402140
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/NetAssetsOrFundBalancesBOYAmt032806755
IRS990/NetAssetsOrFundBalancesEOYAmt035207110
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-6694
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-6694
IRS990/NetUnrelatedBusTxblIncmAmt06705
IRS990/NetUnrlzdGainsLossesInvstAmt0-15252
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0169646
IRS990/OfficeExpensesGrp/TotalAmt0132159
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05381390
IRS990/OtherAssetsTotalGrp/EOYAmt05544681
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0222726
IRS990/OtherExpensesGrp/Desc0TAX EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2SERVICE CHARGES AND ACC
IRS990/OtherExpensesGrp/Desc3LOAN SERVICING
IRS990/OtherExpensesGrp/TotalAmt03786
IRS990/OtherExpensesGrp/TotalAmt11005539
IRS990/OtherExpensesGrp/TotalAmt2549391
IRS990/OtherExpensesGrp/TotalAmt3515792
IRS990/OtherLiabilitiesGrp/BOYAmt0150858019
IRS990/OtherLiabilitiesGrp/EOYAmt0161512781
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherSalariesAndWagesGrp/TotalAmt01850253
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0147733639
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0160060191
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt0198400
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0134100
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0221231
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0213338
IRS990/PrincipalOfficerNm0JULIE ZINK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1524298
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07708128
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13161277
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07708128
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13210987
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt049710
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE 7,493 LOANS INCLUDING VEHICLE, OTHER CONSUMER, UNSECURED, MORTGAGE, HOME EQUITY, COMMERCIAL, CREDIT CARD, AND CONSTRUCTION LOANS. SERVICE 1,028 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. 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/PYGrantsAndSimilarPaidAmt06810
IRS990/PYInvestmentIncomeAmt0397502
IRS990/PYOtherExpensesAmt04755108
IRS990/PYOtherRevenueAmt0-2935
IRS990/PYProgramServiceRevenueAmt09658747
IRS990/PYRevenuesLessExpensesAmt02389996
IRS990/PYSalariesCompEmpBnftPaidAmt02901400
IRS990/PYTotalExpensesAmt07663318
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010053314
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02415607
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt032806755
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt035207110
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03434954
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01679555
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05114509
IRS990ScheduleD/ExpensesNotReportedAmt06694
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08934581
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01012271
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01012271
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-15252
IRS990ScheduleD/OtherExpensesIncludedAmt06694
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0483160
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01021040
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01504200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0159922781
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11590000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NON-MEMBER CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-6694
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt013945494
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1602847
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2156037
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt31639434
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt43981747
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS - AFS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FEDERAL HOME LOAN BANK
IRS990ScheduleD/OtherSecuritiesGrp/Desc2INVESTMENT IN CUSOS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3BANK CDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc4FEDERAL RESERVE ACCOUNT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/RevenueNotReportedAmt0-15252
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-6694
IRS990ScheduleD/RevenueSubtotalAmt011356882
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HAS EVALUATED ITS INCOME TAX FILING POSITIONS FOR THE YEARS 2015 THROUGH 2018, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF DECEMBER 31, 2018. 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, 2018 AND 2017, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SALE OF FORECLOSED ASSETS -6,694.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SALE OF FORECLOSED ASSETS 6,694.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04930385
IRS990ScheduleD/TotalBookValueSecuritiesAmt020325559
IRS990ScheduleD/TotalExpensesPerForm990Amt08934581
IRS990ScheduleD/TotalLiabilityAmt0161512781
IRS990ScheduleD/TotalRevenuePerForm990Amt011350188
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011341630
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08941275
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0200177
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount052927
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt041994
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt03263
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0HEATHER LUCIANI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0298361
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 $83,178 WAS MADE IN 2018. THE CASH SURRENDER VALUE AS OF DECEMBER 31, 2018 IS $2,457,345.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBER WILLIAM CLAYBORN HAS A FAMILY RELATIONSHIP WITH CFO JULIE ZINK (SPOUSES ARE SIBLINGS).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE, AND VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3CREDIT 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/ExplanationTxt4A 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/ExplanationTxt5EMPLOYEES 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/ExplanationTxt6PERFORMANCE 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/ExplanationTxt7FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY. OTHER DOCUMENTS AND POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OTHER FEES 1,134,781.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$200,398,796
Liabilities
$165,191,686
Net assets
$35,207,110
Revenue
$11,350,188
Expenses
$8,934,581
Net income
$2,415,607
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. 2018 filings • 501(c)14 • $100M-$250M nonprofits