2023-11-14T16:35:00-06:00 2022-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2022-01-01 381686050 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN CRED 2693829845 6400 W MAIN ST KALAMAZOO MI 49009 JEFF FIELDER PRESIDENT & CEO 2693829845 2023-11-14 1 JEFF FIELDER 999009999 0 JOHN J MURNANE JR P03021572 3052328272 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ADVIA CREDIT UNION JEFFREY FIELDER 6400 W MAIN ST KALAMAZOO MI 49009 139082759 0 X WWW.ADVIACU.ORG X 1935 MI TO PROVIDE FINANCIAL ADVANTAGES TO OUR MEMBERS THROUGH THE OFFERING OF A FULL RANGE OF FINANCIAL PRODUCTS AND SERVICES. 6 6 729 6 512051 277888 0 0 110843985 117964992 6371542 19226458 0 0 117215527 137191450 204460 313929 0 0 37922728 43067204 0 0 0 47257640 62044045 85384828 105425178 31830699 31766272 2694606066 2892338087 2452064821 2650318240 242541245 242019847 PROVIDE COMPETITIVE DEPOSIT AND LOAN PRODUCTS TO OUR MEMBERSHIP BASE. 0 0 LOW-COST COMPETITIVE LENDING PRODUCTS (INTEREST INCOME) LOW-COST PAYMENT SOLUTIONS (DEBIT/CREDIT INTERCHANGE) COMPETITIVE MEMBERSHIP AND ACCOUNT-RELATED FEES (OVERDRAFT/NSF FEES) 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 1 59026 0 1 729 1 1 1 0 0 0 0 0 1 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X DUSTIN ADAMS 8442384228 6400 W MAIN ST KALAMAZOO MI 49009 DONNA KALMETA SECRETARY/BOD 1.00 X 0 0 0 RICHARD SEIM DIRECTOR/BOD 1.00 X 0 0 0 MARTIN DOORN V. CHAIR/BOD 1.00 X 0 0 0 NICOLE KALMBACH CHAIR/BOD 1.00 X 0 0 0 JAMES BOUMA DIRECTOR/BOD 1.00 X 0 0 0 MIKE SEGAL TREASURER/BOD 1.00 X 0 0 0 CHERYL KONCSOL PRESIDENT/CEO 40.00 X 2436611 0 45969 JEFFREY FIELDER CHIEF FINANCIAL OFFICER 40.00 X 471456 0 31785 RAYMOND BLACK CHIEF OPERATING OFFICER 40.00 X 351826 0 40971 TIMOTHY MERWIN CHIEF LENDING OFFICER 40.00 X 357657 0 33419 LINDEN BUCK VP OF INDIRECT SERVICES 40.00 X 234830 0 17740 RENAE SISK VP OF HUMAN RESOURCES 40.00 X 202384 0 17483 ERIC STOLL VP OF COMMERCIAL SERVICES 40.00 X 198974 0 25422 ROBERT MOORE VP OF IT 40.00 X 198826 0 26314 NANCY LOFTIS VP OF MARKETING 40.00 X 195877 0 11322 4648441 0 250425 50 0 1 0 GRANGER CONSTRUCTIONS 6267 AURELIUS ROAD LANSING MI 48911 GENERAL CONTRACTOR FOR HQ 3810398 CU COOPERATIVE 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 FINANCIAL SERVICES-CARDS 1932838 JAMES AND MATTHEW COMPANY 2 SHAKER RD STE D220 SHIRLEY MA 01464 MARKETING 1718823 Q2 SOFTWARE INC 10355 PECAN PARK BLVD AUSTIN TX 78729 SOFTWARE PROVIDER 1547682 DIEBOLD INC PO BOX 205970 PITTSBURGH PA 152643543 ATM/DRIVE THROUGH PROVIDER 1144790 54 INCOME FROM LOANS 522100 82334938 82334938 OTHER INCOME 522100 22226429 22226429 FEES AND CHARGES 522100 12891574 12891574 FINANCE AND INSURANCE 520000 512051 512051 117964992 19219294 19219294 1898473 1891309 7164 7164 7164 137191450 117460105 512051 19219294 X 252179 61750 3769694 29718245 2832207 4418907 2328151 456043 45479 92755 98574 383340 2467450 6033646 6262766 4087837 338121 26031073 105839 5594240 341988 UBIT EXPENSE 42188 DEBIT/CREDIT CARD EXPEN 4814119 LOAN SERVICING 3787387 ATM EXPENSES 3566650 -2505450 105425178 43682665 62536073 161727554 82347249 2435583 5931427 9997770 17458067 1901041704 2161311880 2365003 3227106 102232417 30980691 69276266 71251726 385448132 337035543 44103106 72400369 32236941 30877868 42291342 47960779 2694606066 2892338087 27972214 33213644 15000000 165000000 2409092607 2452104596 2452064821 2650318240 X 0 0 0 0 242541245 242019847 242541245 242019847 2694606066 2892338087 X 31766272 -32582293 294623 X X 0 1 X 1 0 11571476 11571476 59834023 11151908 48682115 933091 250595 682496 29893827 19578188 10315639 71251726 SAVINGS AND CLUB 571993099 MONEY MARKET 857730064 SHARE DRAFT 573124873 CERTIFICATES 420040981 IRA CERTIFICATES 29215579 2452104596 X 137191450 0 137191450 0 137191450 105425178 0 105425178 0 105425178 PART X, LINE 2: INCOME TAX IS NOT PROVIDED IN THE STATEMENTS OF INCOME AS THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES EXCEPT FOR UNRELATED BUSINESS INCOME. 1 KALAMAZOO BASEBALL LLC 251 MILLS ST KALAMAZOO MI 49048 320394932 LLC 39950 0 ATHLETIC SPONSORSHIP WESTERN MICHIGAN UNIVERSITY 1903 W MICHIGAN AVE KALAMAZOO MI 49008 386007327 501(C)(3) 23800 0 ATHLETIC SPONSORSHIP ADVIA FOUNDATION 6400 W MAIN ST KALAMAZOO MI 49009 472281678 501(C)(3) 15000 0 CHARITABLE CONTRIBUTION BIG BROTHERS BIG SISTERS A COMMUNITY OF CARING 3501 COVINGTON RD KALAMAZOO MI 49001 381720832 501(C)(3) 12466 0 CHARITABLE CONTRIBUTION PORT HURON PRO HOCKEY LLC 701 MCMORRAN BLVD PORT HURON MI 48060 473987711 SINGLE-MEMBER LLC 9500 0 ATHLETIC SPONSORSHIP HOME BUILDERS ASSOCIATION OF WESTERN MICHIGAN 5700 W MICHIGAN AVE KALAMAZOO MI 49009 381328661 501(C)(6) 8975 0 SPONSORSHIP STADIUM MANAGEMENT COMPANY 3600 VAN RICK DR KALAMAZOO MI 49001 382048040 C CORPORATION 8000 0 ATHLETIC SPONSORSHIP 3 4 YOUTH SCHOLARSHIPS 37 37250 DREAM REMODEL GIVEAWAY 1 15000 PART I, LINE 2: THE AMOUNTS PAID TO THE ORGANIZATIONS ARE CONSIDERED DONATIONS, NOT GRANTS, SO THERE IS NO MONITORING. X X 1 1 X X X X X 0 1 0 CHERYL KONCSOL PRESIDENT/CEO 759807 0 261128 0 1415676 0 18300 0 27669 0 2482580 0 0 0 JEFFREY FIELDER CHIEF FINANCIAL OFFICER 385046 0 76608 0 9802 0 18300 0 13485 0 503241 0 0 0 RAYMOND BLACK CHIEF OPERATING OFFICER 274581 0 69972 0 7273 0 17393 0 23578 0 392797 0 0 0 TIMOTHY MERWIN CHIEF LENDING OFFICER 281635 0 69531 0 6491 0 17316 0 16103 0 391076 0 0 0 LINDEN BUCK VP OF INDIRECT SERVICES 135886 0 94752 0 4192 0 8854 0 8886 0 252570 0 0 0 ROBERT MOORE VP OF IT 165217 0 32103 0 1506 0 10046 0 16268 0 225140 0 0 0 ERIC STOLL VP OF COMMERCIAL SERVICES 165924 0 31845 0 1205 0 9861 0 15561 0 224396 0 0 0 RENAE SISK VP OF HUMAN RESOURCES 162631 0 32934 0 6819 0 10205 0 7278 0 219867 0 0 0 NANCY LOFTIS VP OF MARKETING 158227 0 30700 0 6950 0 8944 0 2378 0 207199 0 0 0 PART I, LINE 4B THE ORGANIZATION OFFERS A 457(F) NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT TO SELECT EXECUTIVE OFFICERS AT THE CREDIT UNION. DURING 2022, THE CREDIT UNION ACCRUED FOR THE FOUR FOLLOWING EMPLOYEES: CHERYL KONCSOL - $46,184 JEFFREY FIELDER- $80,931 RAYMOND BLACK- $67,290 TIMOTHY MERWIN- $64,645 IN 2022, THE CREDIT UNION PAID $498,116 IN RETIREMENT BENEFITS TO THE PRESIDENT/CEO, WHICH WAS REPORTED ON THE EMPLOYEE'S 2022 W-2. A PORTION OF THIS RETIREMENT BENEFIT PAYMENT WAS ACCRUED FOR IN 2022. CHERYL KONCSOL, JEFFREY FIELDER, RAYMOND BLACK AND TIM MERWIN PARTICIPATED IN A SPLIT DOLLAR COLLATERAL INSURANCE SUPPLEMENTAL RETIREMENT PLAN. THEIR LOANS RELATED TO THIS PLAN ARE REPORTED ON SCHEDULE L. CHERYL DEBOER PRESIDENT & CEO TO FUND LIFE INSURANCE POLICY X 5400000 5827958 0 1 1 JEFF FIELDER CFO TO FUND LIFE INSURANCE POLICY X 9200000 9373412 0 1 1 RAY BLACK EVP OF SALES AND MARKETING TO FUND LIFE INSURANCE POLICY X 1604663 1532531 0 1 1 TIM MERWIN EVP OF LENDING TO FUND LIFE INSURANCE POLICY X 716572 724166 0 1 1 17458067 FORM 990, SCH L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." ALTHOUGH THE IRS REQUIRES REPORTING IN PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANTS NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ARE ALLOWED TO ELECT DIRECTORS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BOARD MEMBERS ARE INFORMED OF THE COMPLETION OF THE FORM 990 AND THAT A COPY IS AVAILABLE FOR THEIR REVIEW UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS SIGNED EVERY YEAR AT THE ANNUAL MEETING. AT THE BEGINNING OF EVERY BOARD MEETING, BOARD MEMBERS ARE ASKED IF THERE ARE POTENTIAL OR ACTUAL CONFLICTS WITH ANY OF THE BOARD ITEMS. FORM 990, PART VI, SECTION B, LINE 15 A COMMITTEE OF THE BOARD PREPARES A WRITTEN EVALUATION OF THE CEO AND OBTAINS COMPARABLE SURVEYS. FORM 990, PART VI, SECTION C, LINE 19 RECORDS ARE MADE AVAILABLE IN ACCORDANCE WITH THE MICHIGAN CREDIT UNION ACT AND NCUA RULES AND REGULATIONS. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 383,340. FORM 990, PART IX, LINE 24E OTHER OPERATING EXPENSES 964,019. NCUA PREMIUM ASSESSMENT 480,000. TRAINING/BUSINESS DEVELOPMENT 371,048. MAINTENANCE 321,522. PROVISION FOR LOAN LOSSES -4,642,039. FORM 990, PART XI, LINE 9: CHANGE IN POST RETIREMENT BENEFIT 294,623. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. ADVIA REAL ESTATE HOLDINGS LLC 6400 W MAIN ST KALAMAZOO MI 49009 381686050 HOLDING COMPANY FOR CORPORATE HEADQUARTERS AND LEASABLE SQUARE FOOTAGE MI 0 43189401 ADVIA CREDIT UNION ADVIA FOUNDATION 6400 W MAIN ST KALAMAZOO MI 49009 472281678 COMMUNITY GRANTS MI 501(C)(3) LINE 7 ADVIA CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0