2023-10-13T12:54:16-05:00 2022-12-31 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2022-01-01 381438667 CONSUMERS CREDIT UNION CONS 2693457804 7200 ELM VALLEY DRIVE KALAMAZOO MI 49009 STEVE HOWARD CFO 2693457804 2023-09-22 1 STEVE HOWARD 999009999 0 KENLEY PENNER P00740260 2695674500 2023-09-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SCOTT SYLVESTER 7200 ELM VALLEY DRIVE KALAMAZOO MI 49009 106671396 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 7 483 7 382912 0 0 0 105167467 105688277 590171 708436 0 0 105757638 106396713 0 0 0 0 36241999 37320782 0 0 0 41377519 46030653 77619518 83351435 28138120 23045278 1803218783 2031988351 1638240761 1843965051 164978022 188023300 TO PROVIDE QUALITY AND INNOVATIVE FINANCIAL PRODUCTS AND SERVICES THAT CONTRIBUTE TO THE ECONOMIC AND SOCIAL WELL-BEING OF OUR MEMBERSHIP. 0 0 SERVED 132,391 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 61662 0 1 483 1 1 1 0 0 0 0 0 1 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 0 0 1 1 0 0 X STEVE HOWARD 2693457804 7200 ELM VALLEY DRIVE KALAMAZOO MI 49009 KIT SNYDER CEO 50.00 X 1584974 0 34104 STEVE HOWARD CFO 50.00 X 419985 0 220203 SCOTT SYLVESTER COO 50.00 X 578021 0 40422 GREGG TEEGARDIN MORTGAGE LOAN OFFICER 50.00 X 487927 0 25964 DAVID PENDLEY VP OF MORTGAGE 50.00 X 390472 0 42735 HEIDI BISH MORTGAGE LOAN OFFICER 50.00 X 394330 0 23575 STEVE OWENS CLO 50.00 X 341669 0 49307 SHAWN PREMER CHRO 50.00 X 279961 0 52953 JOSHUA SUMMERFIELD MORTGAGE SALES MGR 50.00 X 241639 0 36135 JAMES STEPHENS MORTGAGE LOAN OFFICER 50.00 X 240009 0 37251 RENEE ZISKA MORTGAGE LOAN OFFICER 50.00 X 247262 0 23733 JEFFREY VISSER CSO 50.00 X 233573 0 31048 LYNN JARMAN-JOHNSON CMO 50.00 X 228538 0 29297 GARY FERGUSON VP OF BUSINESS SERVICES 50.00 X 174172 0 30628 ROBERT DUNNING VP OF TECHNOLOGY 50.00 X 175683 0 29065 LINDSAY LAND VP OF OPERATIONS 50.00 X 182507 0 21282 SCOTT ADAMS VP OF RISK MANAGEMENT 50.00 X 172573 0 20233 BRENT BASSETT CHAIRPERSON 4.00 X X 0 0 0 KIM SHOOK VICE-CHAIRPERSON 4.00 X X 0 0 0 PATRICK O'CONNOR SECRETARY 4.00 X X 0 0 0 NICK ZAFER TREASURER 4.00 X X 0 0 0 LISA GUSTAFSON DIRECTOR 4.00 X 0 0 0 JAY PRINCE DIRECTOR 4.00 X 0 0 0 KIM WEISHAAR DIRECTOR 4.00 X 0 0 0 6373295 0 747935 44 0 1 0 COPPERROCK CONSTRUCTION 601 5TH STREET NW GRAND RAPIDS MI 49504 CONSTRUCTION SERVICES 5950713 AVB CONSTRUCTION LLC 4200 WEST CENTRE PORTAGE MI 49024 CONSTRUCTION SERVICES 3106677 GDK CONSTRUCTION 12 WEST 8TH STREET 250 HOLLAND MI 49423 CONSTRUCTION SERVICES 464340 COMPANION SYSTEMS 645 WEST 200 NORTH NORTH SALT LAKE UT 84054 SECURITY SERVICES 407851 HELLMUTH OBATA & KASSABAUM INC 10 SOUTH BROADWAY SUITE 200 ST LOUIS MI 63102 DESIGN SERVICES 299930 9 LOAN INTEREST INCOME 522100 68217208 68217208 0 0 FEES AND OTHER INCOME 522100 33052360 32680261 372099 0 GAINS ON SALES OF LOANS 522100 4407896 4407896 0 0 INSURANCE COMMISSIONS 522100 10813 0 10813 0 105688277 632752 632752 350367 274683 75684 75684 75684 106396713 105305365 382912 708436 5363407 24899828 1748130 3268611 2040806 1060629 58346 2074552 8246154 3741077 3414261 294026 58305 3560380 5182320 74510 INTEREST AND DIVIDENDS 10086712 LOAN SERVICING EXPENSE 6060408 AMORTIZATION OF MORTGAG 1866973 EXAMINATION FEES 252000 83351435 20959462 21102108 81589824 11133835 1409472 1567133935 1840407526 2803278 3529106 131645123 31594441 89730540 100050682 5667925 7367176 35333819 46988446 1803218783 2031988351 15891358 11558575 -2826515 3377900 130000000 210000000 1495175918 1619028576 1638240761 1843965051 X 0 0 0 0 164978022 188023300 164978022 188023300 1803218783 2031988351 23045278 0 X X 0 1 X 1 0 0 1 X 12988760 12988760 69393555 8970249 60423306 1956426 831424 1125002 32637632 21792768 10844864 14668750 14668750 100050682 MEMBER SHARES 1619028576 1619028576 106396713 0 106396713 0 106396713 83351435 0 83351435 0 83351435 PART IV, LINE 2B: THE CREDIT UNION HOLDS AMOUNTS IN ESCROW ACCOUNTS FOR REAL ESTATE TAXES AND HOME INSURANCE RELATED TO HOME MORTGAGE LOANS. X X X 1 1 X X X X 0 1 0 KIT SNYDER CEO 408684 0 576290 0 600000 0 27000 0 7104 0 1619078 0 0 0 STEVE HOWARD CFO 291087 0 128898 0 0 0 206904 0 13299 0 640188 0 0 0 SCOTT SYLVESTER COO 434614 0 135107 0 8300 0 27000 0 13422 0 618443 0 0 0 GREGG TEEGARDIN MORTGAGE LOAN OFFICER 30124 0 3866 0 453937 0 12332 0 13632 0 513891 0 0 0 DAVID PENDLEY VP OF MORTGAGE 145970 0 244502 0 0 0 27000 0 15735 0 433207 0 0 0 HEIDI BISH MORTGAGE LOAN OFFICER 33324 0 3867 0 357139 0 20500 0 3075 0 417905 0 0 0 STEVE OWENS CLO 241026 0 100643 0 0 0 46993 0 2314 0 390976 0 0 0 SHAWN PREMER CHRO 194389 0 85572 0 0 0 39754 0 13199 0 332914 0 0 0 JOSHUA SUMMERFIELD MORTGAGE SALES MGR 92700 0 148939 0 0 0 20500 0 15635 0 277774 0 0 0 JAMES STEPHENS MORTGAGE LOAN OFFICER 30454 0 3902 0 205653 0 24589 0 12662 0 277260 0 0 0 RENEE ZISKA MORTGAGE LOAN OFFICER 36005 0 3934 0 207323 0 20500 0 3233 0 270995 0 0 0 JEFFREY VISSER CSO 162176 0 71397 0 0 0 15304 0 15744 0 264621 0 0 0 LYNN JARMAN-JOHNSON CMO 159270 0 69268 0 0 0 16146 0 13151 0 257835 0 0 0 GARY FERGUSON VP OF BUSINESS SERVICES 144372 0 29800 0 0 0 17988 0 12640 0 204800 0 0 0 ROBERT DUNNING VP OF TECHNOLOGY 147372 0 28311 0 0 0 15930 0 13135 0 204748 0 0 0 LINDSAY LAND VP OF OPERATIONS 152136 0 30371 0 0 0 15643 0 5639 0 203789 0 0 0 SCOTT ADAMS VP OF RISK MANAGEMENT 144163 0 28410 0 0 0 16703 0 3530 0 192806 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. NONE 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 - $180,000 SCOTT SYLVESTER CEO SPLIT DOLLAR LIFE INSURANCE X 1409472 1409472 0 1 1 1409472 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 2022. 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 $2,250,000 AND $670,000 OF RECEIVABLES FROM CURRENT OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES FOR 2022 AND 2021, RESPECTIVELY, WITHIN FORM 990, PART X, LINE 7.