2025-04-28T19:06:14-07:00 2024-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2024-01-01 381735283 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN UP STATE CU CRED 9067861146 123 S LINCOLN RD ESCANABA MI 49829 RAYMOND J THEORET CEO 2025-04-28 true true Donald E Lingerfelt P00339004 8005225820 2024 2025-03-06 01:10:19Z RAYMOND J THEORET 123 S LINCOLN RD ESCANABA MI 49829 12179507 false X WWW.UPSCU.COM X 1955 MI U.P. STATE CREDIT UNION IS COMMITTED TO EXCELLANCE IN PROVIDING PROGRESSIVE FINANCIAL SERVICES TO ITS MEMBERSHIP, MEMBER-OWNED, MEMBER-DRIVEN, WE WILL BE TRUSTED AND CHOSEN AS THE PREFERRED FINANCIAL INSTITUTION. 11 11 67 16 51109 0 5578562 8477890 1892747 3053315 624802 7471309 12156007 0 0 2583375 3892673 0 0 2897141 4871997 5480516 8764670 1990793 3391337 134704286 196875590 121313110 173689664 13391176 23185926 U.P. STATE CREDIT UNION IS COMMITTED TO EXCELLANCE IN PROVIDING PROGRESSIVE FINANCIAL SERVICES TO ITS MEMBERSHIP, MEMBER-OWNED, MEMBER-DRIVEN, WE WILL BE TRUSTED AND CHOSEN AS THE PREFERRED FINANCIAL INSTITUTION. false false THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, CERTIFICATES AND OTHER. THE TOTAL NUMBER OF MEMBERS AT 12/31/2024 WAS 15,259. 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 12/31/2024 WAS 9,235. false false false false false false false false false true true 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 4845 0 true 67 true true true false false false false false false false X 11 11 false false false false true true true true true false true true false true true true false true true true false X Raymond Theoret 9067861146 123 S LINCOLN RD ESCANABA MI 49829 RAYMOND J THEORET CEO 40.00 0.00 X 201382 0 54525 DARCY MCLEAN COO 40.00 0.00 X 160051 0 32572 DAN LITZNER Vice President 40.00 0.00 X 119015 0 23251 HOWARD HAULOTTE Chairman 1.00 0.00 X 0 0 0 MICHAEL LILLIQUIST Director 1.00 0.00 X 0 0 0 JOE NOLAN Treasurer 1.00 0.00 X 0 0 0 SUZETTE OLSON Director 1.00 0.00 X 0 0 0 GARY TITUS Director 1.00 0.00 X 0 0 0 JUDY SCHROEDER Director 1.00 0.00 X 0 0 0 TAMIE CUNNINGHAM Director 1.00 0.00 X 0 0 0 CHERYL BOUCHE Secretary 1.00 0.00 X 0 0 0 DONALD CHARLEVOIX Director 1.00 0.00 X 0 0 0 KALI PERRON Director 1.00 0.00 X 0 0 0 JUDITH WALSH Director 1.00 0.00 X 0 0 0 480448 110348 3 false true false FISERV 75 REMITTANCE DR STE 6974 CHICAGO IL 60675 DATA PROCESSING 529013 CUANSWERS 6000 28TH STREET SE GRAND RAPIDS MI 49546 DATA PROCESSING 158296 DS TECH 1431 N 26TH ST 101 ESCANABA MI 49829 IT SERVICES 282612 SALUS GROUP 38233 MOUND ROAD STERLING HEIGHTS MI 48310 HEALTH INSURANCE 446848 4 0 FEES & OTHER INCOME 522100 2100260 2078369 21891 INSURANCE INCOME 524298 20315 20315 INTEREST ON LOANS 522100 6348412 6348412 SHARED BRANCHING 525990 8903 8903 8477890 3076815 3076815 0 0 0 23500 -23500 -23500 -23500 0 0 0 BARGAIN PURCHASE 624802 624802 624802 12156007 12104898 51109 0 0 0 0 590796 0 2545478 218279 302787 235333 0 7457 0 0 0 0 0 214840 1148523 882933 0 225836 72746 0 0 1043487 17202 252011 83128 LOAN SERVICING EXPENSE 767545 MISC 55584 OPERATING FEES 53017 PROF& OUTSIDE SERVICES 31175 16513 8764670 0 0 0 1879796 2995175 18810547 48154338 0 307676 0 0 80158770 109590991 0 177356 191516 6943963 1680142 4119797 5263821 0 26949658 25520630 0 261921 2376030 2346441 2475413 134704286 196875590 1500285 1530593 119812825 172159071 121313110 173689664 X 13391176 23185926 13391176 23185926 134704286 196875590 X 3391337 6403413 X false false false 808180 808180 3520176 475808 3044368 164903 21780 143123 2450704 1182554 1268150 5263821 25520630 SHARES 172159071 172159071 false false false DARCY MCLEAN COO 143104 10575 6372 16005 16567 192623 RAYMOND J THEORET CEO 181126 12256 8000 20138 34387 255907 Form 990, Part VI, Section A, Line 6 SECTION 501(C)(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 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 XI, Line 9 ONE TIME MERGER ADJUSTMENT = $6403413 FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESS MANAGEMENT REVIEWS TAX RETURNS AND FORWARDS US FORM 8879-EO TO TAX PREPARER. BOARD REVIEWS FILED TAX RETURNS AT NEXT SCHEDULED MEETING. FORM 990, PART VI, LINE 12C - MONITORING AND ENFORCEMENT OF CONFLICTS 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, LINE 15B - COMPENSATION REVIEW & APPROVAL PROCESS EXECUTIVE AND EMPLOYEE SALARIES ARE BOARD REVIEWED AND APPROVED. BOARD OF DIRECTORS ARE NOT COMPENSATED. FORM 990, PART VI, LINE 19 - OTHER ORGANIZATION DOCUMENTS AVAILABLE 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 VI, LINE 6 - EXPLANATION OF CLASSES OF MEMBERS SECTION 501C14 CREDIT UNION IS COMPOSED OF MEMBERS. FORM 990, PART VI, LINE 7A - HOW MEMBERS ELECT GOVERNING BODY MEMBERS VOTE ON BYLAW AND CHARTER CHANGES. MEMBERS VOTE AND ELECT BOARD MEMBERS AT ANNUAL MEETING. FORM 990, PART VI, LINE 7B - DECISIONS OF GOVERNING BODY APPROVAL MERGERS ARE VOTED ON BY ENTIRE MEMBERSHIP.