2025-10-01T12:28:51-05:00 2024-12-31 331498605 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2024-01-01 381438667 CONSUMERS CREDIT UNION CONS 2693457804 7200 ELM VALLEY DRIVE KALAMAZOO MI 49009 STEVE HOWARD CFO 2693457804 2025-09-30 1 0 JOSHUA NITZ CPA P01946955 2695674500 2025-09-30 2024 2025-03-06 01:10:19Z SCOTT SYLVESTER 7200 ELM VALLEY DRIVE KALAMAZOO MI 49009 160623332 0 1359 X WWW.CONSUMERSCU.ORG X 1951 MI TO PROVIDE QUALITY AND INNOVATIVE FINANCIAL PRODUCTS AND SERVICES THAT CONTRIBUTE TO THE ECONOMIC AND SOCIAL WELL-BEING OF OUR MEMBERSHIP. 7 7 509 7 400983 0 0 0 129515946 155947593 2569939 4646336 0 18994 132085885 160612923 0 0 0 0 38310353 42792793 0 0 0 72642713 95941505 110953066 138734298 21132819 21878625 2206395595 2421874191 2003843255 2197443226 202552340 224430965 TO PROVIDE QUALITY AND INNOVATIVE FINANCIAL PRODUCTS AND SERVICES THAT CONTRIBUTE TO THE ECONOMIC AND SOCIAL WELL-BEING OF OUR MEMBERSHIP. 0 0 SERVED 144,166 MEMBERS BY OFFERING LOANS, DEPOSITS, AND VARIOUS OTHER FINANCIAL PRODUCTS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 60087 0 1 509 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 0 1 1 1 0 0 X STEVE HOWARD 2693457804 7200 ELM VALLEY DRIVE KALAMAZOO MI 49009 KIM SHOOK CHAIRPERSON 4.00 0.00 X X 0 0 0 NICK ZAFER VICE-CHAIRPERSON 4.00 0.00 X X 0 0 0 LISA GUSTAFSON TREASURER 4.00 0.00 X X 0 0 0 JAY PRINCE SECRETARY 4.00 0.00 X X 0 0 0 MEGYN FOREST DIRECTOR 4.00 0.00 X 0 0 0 CATHERINE RISHE DIRECTOR 4.00 0.00 X 0 0 0 KIM WEISHAAR DIRECTOR 4.00 0.00 X 0 0 0 SCOTT SYLVESTER CEO 50.00 0.00 X 852280 0 43797 STEVE HOWARD CFO 50.00 0.00 X 461364 0 355797 SCOTT ADAMS CRO 50.00 0.00 X 232555 0 64154 ROBERT DUNNING CIO 50.00 0.00 X 246614 0 78730 LYNN JARMAN-JOHNSON CMO 50.00 0.00 X 248182 0 92362 LINDSAY MCCALL COO 50.00 0.00 X 260356 0 68271 STEVE OWENS CLO 50.00 0.00 X 376586 0 63796 SHAWN PREMER CHRO 50.00 0.00 X 438085 0 50465 JEFFREY VISSER CSO 50.00 0.00 X 261890 0 82752 GARY FERGUSON VP OF BUSINESS SERVICES 50.00 0.00 X 189844 0 27311 TIMOTHY KOSAK VP OF CONSUMER LENDING & DATA ANALYSTICS 50.00 0.00 X 183349 0 48884 JOSHUA SUMMERFIELD VP OF MORTGAGE 50.00 0.00 X 282994 0 37797 HEIDI BISH MORTGAGE LOAN OFFICER 50.00 0.00 X 363751 0 23628 JAMES STEPHENS MORTGAGE LOAN OFFICER 50.00 0.00 X 160111 0 29578 GLEN KELLAM INVESTMENT SERVICES PROGRAM MANAGER 50.00 0.00 X 209697 0 19630 GREGG TEEGARDIN MORTGAGE LOAN OFFICER 50.00 0.00 X 401752 0 36472 RENEE ZISKA MORTGAGE SALES MGR 50.00 0.00 X 336110 0 21634 5505520 0 1145058 62 0 1 0 AVB CONSTRUCTION LLC 4200 WEST CENTRE PORTAGE MI 49024 CONSTRUCTION SERVICES 9581935 WIELAND 4162 ENGLISH OAK DRIVE LANSING MI 48911 CONSTRUCTION SERVICES 3665327 GDK CONSTRUCTION 12 WEST 8TH ST 250 HOLLAND MI 49423 CONSTRUCTION SERVICES 1293449 QSI INC 107 SCHULER DR BARDSTOWN KY 40004 ARMORED SERVICES 1172975 MPX 2301 CONGRESS ST PORTLAND ME 04102 ARMORED SERVICES 1155186 50 LOAN INTEREST INCOME 522100 115799106 115799106 0 0 FEES AND OTHER INCOME 522100 36829948 36430768 399180 0 GAINS ON SALES OF LOANS 522100 3316736 3316736 0 0 INSURANCE COMMISSIONS 522100 1803 0 1803 0 155947593 4427142 4427142 29403 10409 18994 18994 18994 219194 0 219194 219194 219194 160612923 155546610 400983 4665330 4278038 29660228 2223180 4180337 2451010 1083585 236250 1619613 9295029 4831323 3884629 339943 234999 7160474 5165985 78703 INTEREST AND DIVIDENDS 46684535 LOAN SERVICING EXPENSE 9665681 PROVISION FOR LOAN LOSS 3087151 AMORTIZATION OF MORTGAG 2345605 228000 138734298 20508834 39973934 53852010 62159223 3203800 9053739 1955800354 2118609994 2740953 3349447 155079874 37320206 103258180 117759668 11479383 9680448 55552081 61287738 2206395595 2421874191 16481337 16977452 3038577 3448441 210000000 235000000 1774323341 1942017333 2003843255 2197443226 X 0 0 0 0 202552340 224430965 202552340 224430965 2206395595 2421874191 21878625 0 X X 0 1 X 1 0 0 1 X 23253047 23253047 85888862 13521459 72367403 1996391 1118235 878156 30240836 22680512 7560324 13700738 13700738 117759668 MEMBER SHARES 1942017333 1942017333 160623332 10409 10409 160612923 0 160612923 138744707 10409 10409 138734298 0 138734298 PART IV, LINE 2B: THE CREDIT UNION HOLDS AMOUNTS IN ESCROW ACCOUNTS FOR REAL ESTATE TAXES AND HOME INSURANCE RELATED TO HOME MORTGAGE LOANS. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSE RELATED TO RENTAL ACTIVITY 10,409. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSE RELATED TO RENTAL ACTIVITY 10,409. X X X 1 1 X X X X 0 1 0 SCOTT SYLVESTER CEO 596000 0 243000 0 13280 0 30500 0 13297 0 896077 0 0 0 STEVE HOWARD CFO 315671 0 129128 0 16565 0 342500 0 13297 0 817161 0 0 0 SHAWN PREMER CHRO 224529 0 89776 0 123780 0 37168 0 13297 0 488550 0 120000 0 STEVE OWENS CLO 265335 0 107471 0 3780 0 50499 0 13297 0 440382 0 0 0 GREGG TEEGARDIN MORTGAGE LOAN OFFICER 29785 0 1570 0 370397 0 23030 0 13442 0 438224 0 0 0 HEIDI BISH MORTGAGE LOAN OFFICER 32950 0 1590 0 329211 0 23000 0 628 0 387379 0 0 0 RENEE ZISKA MORTGAGE SALES MGR 50000 0 0 0 286110 0 20992 0 642 0 357744 0 0 0 JEFFREY VISSER CSO 183243 0 74867 0 3780 0 67857 0 14895 0 344642 0 0 0 LYNN JARMAN-JOHNSON CMO 170907 0 73495 0 3780 0 82049 0 10313 0 340544 0 0 0 LINDSAY MCCALL COO 182008 0 72068 0 6280 0 66522 0 1749 0 328627 0 0 0 ROBERT DUNNING CIO 175661 0 70953 0 0 0 65470 0 13260 0 325344 0 0 0 JOSHUA SUMMERFIELD VP OF MORTGAGE 116905 0 21692 0 144397 0 23000 0 14797 0 320791 0 0 0 SCOTT ADAMS CRO 162648 0 64787 0 5120 0 61780 0 2374 0 296709 0 0 0 TIMOTHY KOSAK VP OF CONSUMER LENDING & DATA ANALYS 149675 0 33124 0 550 0 38605 0 10279 0 232233 0 0 0 GLEN KELLAM INVESTMENT SERVICES PROGRAM MANAGER 70362 0 29328 0 110007 0 19156 0 474 0 229327 0 0 0 GARY FERGUSON VP OF BUSINESS SERVICES 154526 0 34782 0 536 0 15459 0 11852 0 217155 0 0 0 JAMES STEPHENS MORTGAGE LOAN OFFICER 29786 0 1593 0 128732 0 16633 0 12945 0 189689 0 0 0 PART I, LINE 1A WELLNESS RELATED BENEFITS ARE OFFERED TO ALL EMPLOYEES. LIMITED COMPANION TRAVEL BENEFIT WAS EXTENDED TO ALL EXECUTIVE MANAGEMENT, AND THE BOARD OF DIRECTORS. ALL OF THE BENEFITS ARE TREATED AS TAXABLE. PART I, LINE 4B DURING THE YEAR, THE FOLLOWING AMOUNTS WERE CONTRIBUTED TO THE PLAN BY THE CREDIT UNION. THE ORGANIZATION OFFERS A 457(F) NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT TO SELECTED EXECUTIVE OFFICERS AT THE CREDIT UNION: STEVE HOWARD - $312,000 LYNNE JARMAN JOHNSON - $60,000 THE ORGANIZATION ALSO OFFERS A LONG TERM INCENTIVE PLANS (LTIPS), NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT TO SELECTED EXECUTIVE OFFICERS AT THE CREDIT UNION: JEFFERY VISSER - $44,857 LINDSAY MCCALL - $43,524 ROBERT DUNNING - $42,470 SCOTT ADAMS - $38,780 TIMOTHY KOSAK - $19,982 SCOTT SYLVESTER CEO SPLIT DOLLAR LIFE INSURANCE X 5268000 6788922 0 1 1 STEVE OWENS CLO SPLIT DOLLAR LIFE INSURANCE X 1084000 1116344 0 1 1 SHAWN PREMER CHRO SPLIT DOLLAR LIFE INSURANCE X 1116000 1148473 0 1 1 9053739 FORM 990, PART VI, SECTION A, LINE 6 EACH INDIVIDUAL THAT HAS AN ACCOUNT WITH THE CREDIT UNION IS A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER IS ALLOWED TO VOTE FOR THE GOVERNING BODY AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW PRIOR TO FILING. MEMBERS OF MANAGEMENT WILL REVIEW THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION USES INDEPENDENT COMPENSATION CONSULTANTS AND COMPENSATION SURVEYS TO DETERMINE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL. CEO COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS AND THE COMPENSATION COMMITTEE. ALL DISCUSSIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. THE MOST RECENT YEAR THIS PROCESS WAS UNDERTAKEN WAS 2024. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS THAT ARE OPEN TO PUBLIC INSPECTION ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: AUDIT OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART X, LINE 5 AND SCHEDULE L: SCHEDULE L IS NOT REQUIRED FOR LOANS RECEIVABLE BALANCES ON FORM 990, PART X, LINE 5 IF THE LOANS ARE MADE BY THE CREDIT UNION TO THE DIRECTORS, OFFICERS, AND KEY EMPLOYEES ON THE SAME TERMS OFFERED TO OTHER MEMBERS OF THE CREDIT UNION. THEREFORE, THE CREDIT UNION HAS INCLUDED APPROXIMATELY $12,575,000 AND $6,250,000 OF RECEIVABLES FROM CURRENT OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES FOR 2024 AND 2023, RESPECTIVELY, WITHIN FORM 990, PART X, LINE 7.