2024-05-15T08:54:53-07:00 2023-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2023-01-01 381586641 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN NORTH CENTRAL AREA CREDIT UNION CRED 9899105135 2665 S RESERVE ROAD HOUGHTON LAKE MI 48629 MARK RICHTER CEO 2024-05-15 true MARK RICHTER 999009999 true Donald E Lingerfelt P00339004 8005225820 0 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z MARK RICHTER 2665 S RESERVE ROAD HOUGHTON LAKE MI 48629 14223900 false X https://ncacu.org/ X 1956 MI TO PROVIDE AFFORDABLE, HIGH QUALITY, COMPLETE FINANCIAL SERVICES TO OUR MEMBERS AND THEIR FAMILIES AND TO FOSTER CONTINUED GROWTH AND STABILITY OF THE CREDIT UNION. 11 11 75 12 249054 18602 0 5025413 11952351 1399224 1795276 476273 6424637 14223900 0 0 2541182 4135488 0 0 2932213 7275602 5473395 11411090 951242 2812810 165934065 223678189 160434269 206414942 5499796 17263247 TO PROVIDE AFFORDABLE, HIGH QUALITY, COMPLETE FINANCIAL SERVICES TO OUR MEMBERS AND THEIR FAMILIES AND TO FOSTER CONTINUED GROWTH AND STABILITY OF THE CREDIT UNION. false false PROVIDE 19,838 MEMBERS WITH SAVINGS, CHECKING, CLUB, MONEY MARKET, INDIVIDUAL RETIREMENT AND CERTIFICATE OF DEPOSIT ACCOUNTS TOTALING $201.1 MILLION. PROVIDE APPROX. 12,468 VEHICLE, REAL ESTATE, BUSINESS, CREDIT CARD AND LINE OF CREDIT LOANS. OFFER ATM AND DEBIT CARDS, OVERDRAFT PROTECTION, MONEY ORDERS AND INSURANCE PRODUCTS TO ALL ELIGIBLE MEMBERS. false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 5382 0 true 75 true true true false false false false false false false X 11 11 false false true false true true true true true false true true false true true true true true true true false X MICHELLE ROSS 9899105135 2665 S RESERVE ROAD HOUGHTON LAKE MI 48629 TAMMY SCHWALM COO 40.00 0.00 X 128090 0 27144 KELLY MCCARTY-TUBBS Vice President 40.00 0.00 X 84646 0 27972 MARK RICHTER CEO 40.00 0.00 X 80889 0 16167 MICHELLE ROSS CFO 40.00 0.00 X 53346 0 9751 PHILIP JACQUES Vice President 40.00 0.00 X 37169 0 12725 STEPHEN WITT Chairman 1.00 0.00 X 0 0 0 ERIC HAMP Treasurer 1.00 0.00 X 0 0 0 KOREEN PRAY Secretary 1.00 0.00 X 0 0 0 KAREN WIETZKE Director 1.00 0.00 X 0 0 0 MEGAN BARNES Director 1.00 0.00 X 0 0 0 LAURIE HULL Director 1.00 0.00 X 0 0 0 THOMAS MOREAU Director 1.00 0.00 X 0 0 0 DAVE DENBOER Director 1.00 0.00 X 0 0 0 MARK DERYLO Director 1.00 0.00 X 0 0 0 ANTHONY RUSSO Director 1.00 0.00 X 0 0 0 ANGIE ZYLSTRA Director 0.00 0.00 X 0 0 0 384140 93759 1 false true false CUANSWERS 6000 28TH ST SE 100 GRAND RAPIDS MI 49546 DATA PROCESSING 606739 CO-OP 9692 Haven Ave Rancho Cucamonga CA 91730 DEBIT CARD/ATM PROCESSING 519510 FIS 601 Riverside Ave Jacksonville FL 32204 CREDIT CARD PROCESSING 267462 SAFETYNET 1771 PARK AVE TRAVERSE CITY MI 49686 IT SERVICES 156203 4 0 CAR WARRANTY INCOME 525990 224115 224115 FEE AND OTHER INCOME 522100 3668556 3664440 4116 INSURANCE SALES 524298 9703 9703 LOAN INTEREST 522100 8038857 8038857 NON-MEMBER ATM FEES 522100 11120 11120 11952351 1795276 1795276 0 0 0 0 0 0 0 BARGAIN PURCHASE PRICE 900099 430125 430125 MORTGAGE SALES 522299 46148 46148 476273 14223900 13974846 249054 0 0 0 0 477899 0 2618738 158721 637151 242979 0 21425 0 0 0 0 0 343438 1036481 599145 0 591757 251433 0 0 2194413 17033 298210 36793 LOAN SERVICING 960875 PROVISION FOR CREDIT LOSSES 596591 PROF. & OUTSIDE SERVICES 222477 MISC. 68449 37082 11411090 0 0 0 2030469 1480104 44396 28329923 0 62462 82304 0 0 70931014 145190499 0 418094 165702 7936643 3462312 3501290 4474331 37684559 87641639 720001 0 863548 1304701 4687218 165934065 223678189 1513591 2728787 158920678 203686155 160434269 206414942 X 5499796 17263247 5499796 17263247 165934065 223678189 X 2812810 2006659 6943982 X false false false 792970 792970 2924620 1502757 1421863 3007029 1012208 1994821 704540 539475 165065 507484 407872 99612 4474331 BORROWING 2500000 MEMBER SHARES 200406371 NON-MEMBER SHARES 779784 203686155 false false false TAMMY SCHWALM COO 128090 10486 16658 155234 Form 990, Part VI, Section A, Line 4 BYLAWS WERE REVISED DUE TO MERGER PER ATTORNEY RECOMMENDATIONS. 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 BOARD MEMBERS ARE ELECTED AT THE ANNUAL MEETING FOR THREE YEAR STAGGERED TERMS. Form 990, Part VI, Section A, Line 7b MERGERS AND CERTAIN CHARTER CONVERSIONS REQUIRE A VOTE BY THE MEMBERSHIP. Form 990, Part VI, Section B, Line 11b 990 is reviewed by VP of accounting, CFO, and CEO before submitted by PREPARER. Form 990, Part VI, Section B, Line 12c Compliance department ensures policy is reviewed annually for any changes Form 990, Part VI, Section B, Line 15a USE COMPEASE SYSTEM WITH COMPARABLE DATE, ALONG WITH EXECUTIVE COMPENSATION COMMITTEE REVIEW FOR APPROVAL TO THE BOARD. Form 990, Part VI, Section B, Line 15b COMPEASE IS USED TO SCORE OFFICES BY THE VP OF HR, AND THEN GIVEN TO THE CEO FOR REVIEW AND APPROVAL. Form 990, Part VI, Section C, Line 19 THE 990, 990T AND POLICIES ARE AVAILABLE AT THE ADMINISTRATIVE BUILDING AT 2665 S. RESERVE RD. MONTHLY FINANCIAL STATEMENTS ARE DISPLAYED AT EACH CREDIT UNION BRANCH LOBBY. Form 990, Part XI, Line 9 MERGER EQUITY = $8570407 Form 990, Part XI, Line 9 ONE TIME CECL ADJUSTMENT = -$293677 Form 990, Part XI, Line 9 ONE TIME CECL ADJUSTMENT = -$411154 Form 990, Part XI, Line 9 TRANSFER MERGER EQUITY BARGAIN PURCHASE = -$921594