2024-05-16T09:00:35-07:00 2023-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2023-01-01 382344084 CREDIT UNION ADVANTAGE CRED 2489966069 22250 PROVIDENCE DR SOUTHFIELD MI 48075 JANICE ZUCHOWICZ CEO 2024-05-16 true JANICE ZUCHOWICZ 999009999 true Donald E Lingerfelt P00339004 8005225820 0 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z JANICE ZUCHOWICZ 22250 PROVIDENCE DR SOUTHFIELD MI 48075 2358102 false X N/A X 1969 MI CREDIT UNION ADVANTAGE IS COMMITTED TO PROVIDING A RANGE OF SAFE, SECURE, CONVENIENT INNOVATED FINANCIAL PRODUCTS AND SERVICES EXCLUSIVELY FOR ITS MEMBERS. 7 7 10 7 18071 0 1057840 968237 333063 289865 0 1390903 1258102 0 0 399714 437596 0 0 900950 1003741 1300664 1441337 90239 -183235 31067431 29135118 29279440 27030473 1787991 2104645 CREDIT UNION ADVANTAGE IS COMMITTED TO PROVIDING A RANGE OF SAFE, SECURE, CONVENIENT INNOVATED FINANCIAL PRODUCTS AND SERVICES EXCLUSIVELY FOR ITS MEMBERS. false false THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, CERTIFICATES AND OTHER. THE TOTAL NUMBER OF CURRENT MEMBERS AT 12/31/2023 WAS 2,228. 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 12/31/2023 WAS 995. 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 277 0 true 10 true true true false false false false false false false X 7 7 true false false false true true true true true false true true false true true true false true true true false X JANICE ZUCHOWICZ 2489966069 22250 PROVIDENCE DR SOUTHFIELD MI 48075 JANICE ZUCHOWICZ CEO 40.00 0.00 X 160167 0 14562 MICHELE CIOKAJLO Chairman 1.00 0.00 X 0 0 0 KATRINA SUMMERSETT Secretary 1.00 0.00 X 0 0 0 SHARON WALLACE Treasurer 1.00 0.00 X 0 0 0 SAUNDIA CATO Director 1.00 0.00 X 0 0 0 CHERYL THRUSHMAN Director 1.00 0.00 X 0 0 0 DEBRA BONAMY Director 1.00 0.00 X 0 0 0 MICHAEL BURKE Director 1.00 0.00 X 0 0 0 160167 14562 1 false true false FiServ Galaxy 5600 Crooks Rd Troy MI 48084 ACCOUNT PROCESSOR 116434 FIS PO BOX 4535 CAROL STREAM IL 60197 CORE PROCESSOR 108158 2 0 FEES AND OTHER INCOME 522100 112375 112375 INSURANCE INCOME 524298 5762 5762 LOAN INTEREST INCOME 522100 487882 487882 MISC INCOME 522100 349909 349909 NON MEMBER ATM FEES 522100 12309 12309 968237 306040 306040 0 0 0 1083825 1100000 -16175 -16175 -16175 0 0 0 0 1258102 1240031 18071 X 0 0 0 0 174729 0 174080 0 52190 36597 0 0 0 0 0 0 0 33882 15394 110793 0 83553 2822 0 0 0 0 13123 21016 ATM MONTHLY 267310-267430 156188 DIVIDENDS 380000-389000 95204 KASASA 264350-265000 88876 INT ON BORROWED FUNDS 341000 85294 297596 1441337 0 0 0 454659 400860 1192805 -32671 0 2638 22677 0 0 8796147 8552962 0 76943 65783 339153 252347 102893 86806 19464912 18768698 593428 649780 0 0 383006 620223 31067431 29135118 399873 135641 28879567 26894832 29279440 27030473 X 1787991 2104645 1787991 2104645 31067431 29135118 X -183235 535571 -35682 X false true X false false 339153 252347 86806 86806 BORROWING 54312 OTHER LIABILITIES 369217 Rounding 2 SHARES AND DEPOSITS 901000-909000 26471301 26894832 false false false JANICE ZUCHOWICZ CEO 160167 14562 174729 Form 990, Part VI, Section A, Line 2 Michele Ciokajlo and Sharon Wallace are business partners. Form 990, Part VI, Section A, Line 6 SECTION 501C(14) CREDIT UNION IS COMPOSED OF MEMBERS. Form 990, Part VI, Section A, Line 7a MEMBERS VOTE ON BYLAW AND CHARTER CHANGES. MEMBERS VOTE AND ELECT BOARD MEMBERS AT ANNUAL MEETING. Form 990, Part VI, Section A, Line 7b MERGERS ARE VOTED ON BY ENTIRE MEMBERSHIP. Form 990, Part VI, Section B, Line 11b MANAGEMENT REVIEWS TAX RETURNS AND FORWARDS US FORM 8879-TE TO TAX PREPARER. BOARD REVIEWS FILED TAX RETURNS AT NEXT SCHEDULED MEETING. Form 990, Part VI, Section B, Line 12c EMPLOYEE LOANS ARE MANAGEMENT APPROVED. MANAGEMENT LOANS ARE BOARD APPROVED. LOANS TO BOARD MEMBERS ARE APPROVED BY THE BOARD MINUS THE LENDEE. Form 990, Part VI, Section B, Line 15a EXECUTIVE AND EMPLOYEE SALARIES ARE BOARD REVIEWED AND APPROVED. BOARD OF DIRECTORS ARE NOT COMPENSATED Form 990, Part VI, Section B, Line 15b EXECUTIVE AND EMPLOYEE SALARIES ARE BOARD REVIEWED AND APPROVED. BOARD OF DIRECTORS ARE NOT COMPENSATED Form 990, Part VI, Section C, Line 19 CREDIT UNION BYLAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE CREDIT UNION'S MAIN OFFICE. QUARTERLY FINANCIAL STATEMENTS ARE DISPLAYED IN THE LOBBY WHICH IS ACCESSIBLE TO THE GENERAL PUBLIC. QUARTERLY FINANCIAL PERFORMANCE (CALL) REPORTS ARE ALSO AVAILABLE AT WWW.NCUA.GOV FOR ALL FEDERALLY INSURED CREDIT UNIONS. Form 990, Part IX, Line 24e ALARM MONITOR 268011: Column (A) - Total = $6871; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e AUDIT FEES 292000: Column (A) - Total = $8850; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e BANK SERVICE CHARGE 269000: Column (A) - Total = $19303; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e BILL PAY 267550: Column (A) - Total = $6022; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e BOARD OF DIRECTORS 232100: Column (A) - Total = $2775; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e COLLECTIONS 282000: Column (A) - Total = $4626; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e CREDIT REPORTS 284000: Column (A) - Total = $5017; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e DRAFT RE-ORDER 268001: Column (A) - Total = $230; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e INT ON SIMPLICD 341100: Column (A) - Total = $3472; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e IRA PROGRAM: Column (A) - Total = $1627; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e KASASA LENDING EXP 284200: Column (A) - Total = $-2256; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e LEAGUE DUES 240010: Column (A) - Total = $3975; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e LEGAL FEES 291110: Column (A) - Total = $33; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e LENDING EXP 284100: Column (A) - Total = $13336; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e LOAN LOSS PROVISION 300000: Column (A) - Total = $13902; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e MAINT FURN AND EQUIP 263000: Column (A) - Total = $33194; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e MILEAGE REIMBUREMENT 268014: Column (A) - Total = $272; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e MISC OP: Column (A) - Total = $1453; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e MORTGAGE PROGRAM 281000: Column (A) - Total = $5164; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e NEC FINANCIAL COMCAST 267601: Column (A) - Total = $3373; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e NEW EMPLOYEE 264210: Column (A) - Total = $3660; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e NON OP GAIN/LOSS 440000: Column (A) - Total = $-1743; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e OVER AND SHORT 330000-331000: Column (A) - Total = $865; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e PHONE/PAGER 267600: Column (A) - Total = $4523; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e POSTAGE 261200-261210: Column (A) - Total = $8735; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e PRINTED FORM 264100: Column (A) - Total = $3308; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e PRO AND OUTSIDE 29000.1: Column (A) - Total = $30849; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e RECORDING FEES: Column (A) - Total = $218; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e SERVICE CENTER 267450: Column (A) - Total = $16725; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e STAFF TRAINING 273000: Column (A) - Total = $1750; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e STATEMENT EXP 261300: Column (A) - Total = $8758; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e SUBSCRIPTIONS 271030: Column (A) - Total = $1390; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e SUPERVISORY FEE 295000: Column (A) - Total = $6264; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e VISA 285000-287000: Column (A) - Total = $81055; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part XI, Line 9 ONE TIME CECL ADJUSTMENT = -$35682