Credit Unions Chartered in the State of Michigan
990 • Fiscal year 2011 • EIN 38-1677402
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Balance Sheet
Assets
Flat$21,197,928
Flat from 2011
Net Assets
Flat$2,102,798
Flat from 2011
Liabilities
Flat$19,095,130
Flat from 2011
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Flat$1,059,724
Flat from 2011
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2011 to Dec 31, 2011
- Signed
- Mar 9, 2012
- Return Version
- 2011v1.2
- Gross Receipts
- $1,062,660
Mission and Program Overview
Mission
Provide co-op financial products and services to members.
Major Activities
- Activity 2
- The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2011 was 1,581.
Filing and Contact Details
Filer
- EIN
- 38-1677402
Raw XML AppendixShowing 400 of 408 raw XML fields
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| IRS990/Activity2/Description | 0 | The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2011 was 1,581. |
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| IRS990/Form990PartVIISectionA/NamePerson | 4 | Jean Sweet |
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| IRS990/OtherExpenses/Description | 0 | VISA Expense |
| IRS990/OtherExpenses/Description | 1 | Service Center Expenses |
| IRS990/OtherExpenses/Description | 2 | Provision for Loan Losses |
| IRS990/OtherExpenses/Description | 3 | Prior Year Tax Refund |
| IRS990/OtherExpenses/Description | 4 | NCUSIF Assessment |
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| IRS990/ProgramServiceRevenue/Description | 2 | Other Operating Income |
| IRS990/ProgramServiceRevenue/Description | 3 | Interest on Loans |
| IRS990/ProgramServiceRevenue/Description | 4 | Fees and Charges |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | Documents are posted in lobby for public inspection. Copies are furnished upon request. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | Executive and employee salaries are Board approved. Board of directors are not compensated. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | Employee loans are Management approved. Management loans are Board approved. Loans to Board members are governed by NCUA guidelines. Board members do not vote on related issue. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | Mergers, by-law changes, charter changes and membership changes are voted upon by the entire membership. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | Section 501c(14) Credit Union is composed of members. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 7 | Raymond Smith Board Treasurer and retired CEO is the father of Jason Smith the current CEO. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | Form 990, Part VI, Line 19 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 1 | Form 990, Part VI, Line 15b |
| IRS990ScheduleO/GeneralExplanation/Identifier | 2 | Form 990, Part VI, Line 12c |
| IRS990ScheduleO/GeneralExplanation/Identifier | 3 | Form 990, Part VI, Line 11 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 4 | Form 990, Part VI, Line 7b |
| IRS990ScheduleO/GeneralExplanation/Identifier | 5 | Form 990, Part VI, Line 7a |
| IRS990ScheduleO/GeneralExplanation/Identifier | 6 | Form 990, Part VI, Line 6 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 7 | Form 990, Part VI, Line 2 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | Form 990, Part VI, Line 11: Form 990 Review Process |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 6 | Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 7 | Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et |
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| IRS990/TransfersToExemptNonChrtblOrg | 0 | false |
| IRS990/TravelEntrtnmntPublicOfficials/Total | 0 | 0 |
| IRS990/Travel/Total | 0 | 22500 |
| IRS990/TypeOfOrganizationCorporation | 0 | X |
| IRS990/UnrelatedBusinessIncome | 0 | true |
| IRS990/UponRequest | 0 | X |
| IRS990/WebSite | 0 | www.lpcumi.com |
| IRS990/WhistleblowerPolicy | 0 | false |
| IRS990/WrittenPolicyOrProcedure | 0 | false |
| IRS990/YearFormation | 0 | 1928 |
| ReturnHeader/BuildTS | 0 | 2016-02-24 21:20:13Z |
| ReturnHeader/Filer/EIN | 0 | 381677402 |
| ReturnHeader/Filer/Name/BusinessNameLine1 | 0 | Lansing Postal Community Credit Union |
| ReturnHeader/Filer/NameControl | 0 | LANS |
| ReturnHeader/Filer/Phone | 0 | 5173370401 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | PO Box 22098 |
| ReturnHeader/Filer/USAddress/City | 0 | Lansing |
| ReturnHeader/Filer/USAddress/State | 0 | MI |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 48909 |
| ReturnHeader/Officer/AuthorizeThirdParty | 0 | true |
| ReturnHeader/Officer/DateSigned | 0 | 2012-03-09 |
| ReturnHeader/Officer/Name | 0 | Jason Smith |
| ReturnHeader/Officer/Title | 0 | CEO |
| ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1 | 0 | FINANCIAL STANDARDS GROUP INC |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1 | 0 | 3615 NEWBURG ROAD |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City | 0 | LOUISVILLE |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State | 0 | KY |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $21,197,928
- Liabilities
- $19,095,130
- Net assets
- $2,102,798
- Revenue
- -
- Expenses
- $1,059,724
- Net income
- -