2023-01-12T13:02:23-06:00 2021-12-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 300 AUBURN HILLS MI 48326 990 2021-01-01 381440283 DORT FINANCIAL CREDIT UNION DORT 8107678390 9048 HOLLY ROAD GRAND BLANC MI 48439 BRIAN WALDRON PRESIDENT/CEO 8107678390 2023-01-12 1 BRIAN WALDRON 999009999 TINA PETERS P00904574 2483757100 2023-01-12 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z BRIAN WALDRON 9048 HOLLY ROAD GRAND BLANC MI 48439 85224517 0 X WWW.DORTONLINE.ORG X 1951 MI PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS. 7 7 348 9 160335 27076 0 0 67775420 70205085 4296031 2749728 0 0 72071451 72954813 61148 72702 0 0 18054557 17563432 0 0 0 43665436 38246837 61781141 55882971 10290310 17071842 1244269209 1382283793 1067436122 1190128510 176833087 192155283 OPENING DOORS TO OUR MEMBERS BY PROVIDING QUALITY FINANCIAL SERVICES. 0 0 PROVIDE 102,077 MEMBERS WITH REGULAR SHARES, SHARE DRAFT, CERTIFICATES OF DEPOSIT, AND IRA ACCOUNTS TOTALING $1,190,128,435. PROVIDE 80,373 LOANS INCLUDING VEHICLE, CREDIT CARD, HOME EQUITY, BUSINESS, PERSONAL, BOAT, MOTORCYCLE, MOTOR HOME, AND MORTGAGES. OFFER AUTOMATED TELLER MACHINES, DEBIT CARDS, MONEY ORDERS, CHECK CASHING, TRAVELERS CHECKS, OVERDRAFT PROTECTION/COURTESY PAY, BILL PAY, AND VARIOUS INSURANCE AND INVESTMENT PROGRAMS. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 28629 0 1 348 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JEREMY ZAGER CFO 8107678390 9048 HOLLY ROAD GRAND BLANC MI 48439 WAYNE NATZKE CHAIRMAN OF THE BOARD 5.00 0.00 X X 0 0 0 DANA STODDARD FIRST VICE CHAIR 5.00 0.00 X X 0 0 0 DOUGLAS KIDD SECOND VICE CHAIR 5.00 0.00 X X 0 0 0 JEFF SELLS SECRETARY 5.00 0.00 X X 0 0 0 BRUCE ALLAN TREASURER 5.00 0.00 X X 0 0 0 DIANE PIERCY DIRECTOR 5.00 0.00 X 0 0 0 BEVERLY KITTLE DIRECTOR 5.00 0.00 X 0 0 0 VICKI HAWKINS PRESIDENT/CEO 50.00 0.00 X 442520 0 54485 JEREMY ZAGER CFO 50.00 0.00 X 257253 0 41497 DANIEL HARP VP LENDING 50.00 0.00 X 240149 0 36053 DEANA TURCOTT VP HUMAN RESOURCES 50.00 0.00 X 199223 0 33354 DANIEL GATFIELD VP OPERATIONS 50.00 0.00 X 194162 0 25743 MICHAEL ANDERSON VP INFORMATION SYSTEMS 50.00 0.00 X 180221 0 33198 LAURA NESTOR DIRECTOR OF MARKETING 50.00 0.00 X 141173 0 26177 CATHERINE HAEFNER REGIONAL BRANCH OPERATIONS MANAGER 50.00 0.00 X 123385 0 17988 TIM SHEPPARD SYSTEM ADMINSITRATOR 50.00 0.00 X 116880 0 22582 BRETT HUSTED NETWORK ADMINISTRATOR 50.00 0.00 X 127426 0 12021 KEVIN CARAGAY COMMERCIAL LENDING MANAGER 50.00 0.00 X 112843 0 23381 2135235 0 326479 14 0 1 0 FIS 601 RIVERSIDE AVE JACKSONVILLE FL 32204 DATA PROCESSING 3697231 NCR 864 SPRING STREET ATLANTA GA 30308 TECHNOLOGY 1663906 FISERV PO BOX 967057 ATLANTA GA 31193 TECHNOLOGY 835784 BUTLER ROWSE-OBERLE PLLC 24525 HARPER AVE ST CLAIR SHORES MI 48080 LEGAL 658264 TRACE3 LLC PO BOX 603915 CHARLOTTE NC 28260 TECHNOLOGY 648873 45 MEMBER LOAN INCOME 522100 48631697 48631697 FEE/OTHER INCOME 524298 21573388 21413053 160335 70205085 2652824 2652824 11896066 470542 11762011 507693 134055 -37151 96904 96904 72954813 72697574 160335 96904 62702 10000 1737856 11861607 940349 2063772 959848 32362 300266 933680 2546342 3514508 3378068 2020107 358676 8198371 2835754 327089 CARD PROCESSING 4683397 PROVISION FOR LOAN LOSS 3700668 LOAN SERVICING 3545261 ATM EXPENSES 1872288 55882971 230894963 194618849 747000 0 2454840 1433511 857006416 938525880 8954101 10151536 45815275 17064082 29846579 28751193 32994522 76079549 67975276 117656836 13395512 15066439 1244269209 1382283793 11002730 12350437 1946214 1783869 30500000 30500000 1023987178 1145494204 1067436122 1190128510 X 7340206 7340206 0 0 169492881 184815077 176833087 192155283 1244269209 1382283793 X 17071842 -2765029 1015383 X X 0 1 X 1 0 0 1 X 4545373 4545373 22615359 4127066 18488293 324290 270729 53561 18210741 12666287 5544454 119512 119512 28751193 MORTGAGE BACKED SECURITIES 40471020 F COLLATERALIZED MORTGAGE OBLIGATIONS 46961346 F SMALL BUSINESS ADMINISTRATION SECURITIES 1243123 F REDEEMABLE CORPORATE PREFERRED STOCK 14876535 F CORPORATE BONDS 11629812 F FEDERAL HOME LOAN BANK STOCK 2475000 F 117656836 MEMBERS' SHARES AND SAVINGS ACCOUNTS 1145494204 1145494204 73016852 0 73016852 -62039 -62039 72954813 55945010 62039 62039 55882971 0 55882971 PART IV, LINE 2B: CUSTODIAL ACCOUNTS ARE MAINTAINED FOR MORTGAGES. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON REPOSESSION OF ASSETS -62,039. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON REPOSESSION OF ASSETS 62,039. 1 HURLEY FOUNDATION 1 HURLEY PLAZA FLINT MI 48503 383085047 501(C)(3) 39600 0 COMMUNITY PARTNERSHIP 1 0 SCHOLARSHIPS 10 10000 PART I, LINE 2: DORT FINANCIAL AWARDS SCHOLARSHIPS TO TEN (10) MEMBERS WHO ARE PURSUING SECONDARY EDUCATION BASED UPON AN APPLICATION AND REVIEW PROCESS. X 1 1 X X X X 0 0 0 VICKI HAWKINS PRESIDENT/CEO 414616 0 9750 0 18154 0 37202 0 17283 0 497005 0 0 0 JEREMY ZAGER CFO 240395 0 5569 0 11289 0 24785 0 16712 0 298750 0 0 0 DANIEL HARP VP LENDING 214461 0 10034 0 15654 0 22111 0 13942 0 276202 0 0 0 DEANA TURCOTT VP HUMAN RESOURCES 168715 0 23099 0 7409 0 17395 0 15959 0 232577 0 0 0 DANIEL GATFIELD VP OPERATIONS 181148 0 4322 0 8692 0 9619 0 16124 0 219905 0 0 0 MICHAEL ANDERSON VP INFORMATION SYSTEMS 167308 0 3990 0 8923 0 17250 0 15948 0 213419 0 0 0 LAURA NESTOR DIRECTOR OF MARKETING 133044 0 3216 0 4913 0 13717 0 12460 0 167350 0 0 0 PART I, LINE 1A TRAVEL FOR VOLUNTEERS AND SENIOR MANAGEMENT IS TREATED AS TAXABLE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 ALL ACCOUNT HOLDERS ARE REFERRED TO AS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SPECIFIED IN THE BYLAWS ARE REQUIRED TO BE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND CFO REVIEW THE COMPLETED FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE COMPLETED ANNUALLY AND ANSWERS ARE REVIEWED BY HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION USES A 3RD PARTY SOFTWARE (COMPEASE) TO SET SALARIES VIA PAY GRADES FOR ALL POSITIONS IN THE CREDIT UNION. INFORMATION IS PROVIDED INDEPENDENTLY BY A 3RD PARTY, IS UPDATED ANNUALLY IN THE 3RD OR 4TH QUARTER OF EVERY YEAR, AND IS IMPLEMENTED IN APRIL OF THE FOLLOWING YEAR. ALL PAY GRADES ARE REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. THIS PROCESS WAS LAST UNDERTAKEN IN 2021. FORM 990, PART VI, SECTION C, LINE 19 CREDIT UNION BYLAWS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE CREDIT UNION'S MAIN OFFICE. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF ALL CREDIT UNION BRANCH LOCATIONS WHICH ARE ACCESSIBLE TO THE GENERAL PUBLIC. THE QUARTERLY FINANCIAL PERFORMANCE REPORTS ARE ALSO AVAILABLE AT WWW.NCUA.GOV. FORM 990, PART XI, LINE 9: POSTRETIREMENT BENEFIT PLAN 1,015,383. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.