2022-05-15T15:09:38-07:00 2021-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2021-01-01 381448844 MICHIGAN UNITED CREDIT UNION MICH 2486475958 576 E Lincoln Birmingham MI 48009 Andrew Staley CEO/President 2022-05-15 true Andrew Staley 999009999 Patrick Haughey P01980057 8005225820 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z X Andrew Staley 576 E Lincoln Birmingham MI 48009 10853353 false X https://michiganunitedcu.org/ X 1931 MI To provide financial services to member owners with a common bond. 15 15 90 15 38080 0 7946507 8473711 1088560 1141642 0 9035067 9615353 0 0 4187526 4530663 0 0 4114695 4075301 8302221 8605964 732846 1009389 257460605 344071075 234990850 312416587 22469755 31654488 We strive to improve the financial lives of our members through education, trust, and innovative products and services. false false The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of active members at 12/31/2021 was 24,044. 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 12/31/2021 was 13,079. Offer Automated Teller Machines, debit cards, check cashing, wire transfers, money orders, Traveler's Checks, Courtesy Pay, financial education & counseling and various insurance programs. 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 1972 0 true 90 true true true false false false false false false false X 15 15 false false false false true true true true true false true true false true true true true true true true false X Andrew Staley 2486475958 576 E Lincoln Birmingham MI 48009 Andrew Staley CEO/President 40.00 0.00 X 255000 0 39536 Gerry Coyne Executive VP 40.00 0.00 X 133435 0 27305 SAMIR SHABANDER EVP FINANCE 40.00 0.00 X 124596 0 17687 Jeff Rabanus Former Executive Vice President 40.00 0.00 83293 0 25269 Pam Klein FORMER Committee Member 40.00 0.00 31780 0 19685 Richard Perry Chairperson 1.00 0.00 X 0 0 0 John Sullivan Director 1.00 0.00 X 0 0 0 Norm Juchno Secretary 1.00 0.00 X 0 0 0 Elizabeth Morehouse Treasurer 1.00 0.00 X 0 0 0 Jim Stevenson Director 1.00 0.00 X 0 0 0 Bob Kupfer Director 1.00 0.00 X 0 0 0 Leslie Logan Director 1.00 0.00 X 0 0 0 Steven Redmond Director 1.00 0.00 X 0 0 0 Larry Jones Director 1.00 0.00 X 0 0 0 Glen Mitchell Director 1.00 0.00 X 0 0 0 MARK BRACKON Director 1.00 0.00 X 0 0 0 DONALD HEYDENS Director 1.00 0.00 X 0 0 0 STEVE TAYLOR VICE CHAIR 1.00 0.00 X 0 0 0 GEORGE WIEGAND Director 1.00 0.00 X 0 0 0 628104 129482 3 true true false CUAnswers 6000 28th St SE 100 Grand Rapids MI 49546 Data processing 509264 HEALTH ALLIANCE PLAN 2850 W GRAND BLVD DETROIT MI 48202 HEALTH INSURANCE PLANS 506032 OMNI SHIELD WORLDPAY 1095 NAUGHTON DRIVE SYMMES TOWNSHOP OH 45249 PAYMENT TECHNOLOGY SOL. 256145 FIS 11601 ROOSEVELT BLVD ST PETERSBURG FL 337162202 PROCESSOR 333468 GARDNER SIGNS 1095 NAUGHTON DRIVE TROY MI 48083 sign manufact/CONSULT. 121335 6 0 Fees & Charges 525990 1015829 1015829 Goodwill From Merger 900099 729443 729443 Insurance Related Revenue 524298 21616 21616 Interchange Income 525990 1007941 1007941 Loan Interest Income 522100 5682418 5682418 16464 16464 8473711 1139738 1139738 0 0 0 1239904 1238000 1904 1904 1904 0 0 0 0 9615353 9577273 38080 0 0 0 0 757586 0 2913362 202975 481461 175279 0 76511 13800 0 0 0 42773 176626 672199 443003 0 482680 7718 0 71993 244335 0 569579 76005 Loan Servicing Expense 580160 ATM/Debit Expenses 515763 Various Member Services 69284 Postage and Shipping 20374 12498 8605964 0 0 0 3243687 2735769 79837346 26365414 0 980767 276197 0 0 138780622 136398944 0 2094625 1459385 7237793 1756662 5144273 5481131 4495282 17670121 19795684 147780832 0 0 3088319 5903282 257460605 344071075 1480824 2233894 233510026 310182693 234990850 312416587 X 22469755 31654488 22469755 31654488 257460605 344071075 X 1009389 -92198 8267542 X false true X true false 1664337 1664337 3901657 796684 3104973 308215 197676 110539 308143 194784 113359 1055441 567518 487923 5481131 147780832 Member Deposits 310182693 310182693 false false false Andrew Staley CEO/President 255000 20400 19136 294536 Gerry Coyne Executive VP 133435 10654 16651 160740 Jeff Rabanus Former Executive Vice President 83293 6663 18606 108562 Pam Klein FORMER Committee Member 31780 2565 17120 51465 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder The Credit Union has single class of members with equal rights of ownership, governance, and voting. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body The Board of Directors are elected for three year terms at the Annual Meeting in March of each year on a rotating basis. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Credit Union decisions that are subject to membership approval are mergers. Form 990, Part VI, Line 11b: Form 990 Review Process A review is conducted by the CEO/President prior to submission to the IRS. Copies are made available to the Board of Directors for review. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Policy is reviewed annually, at which time disclosures, if any, are reviewed. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The CEO/President's compensation is reviewed annually based on performance. The Board of Directors utilize salary surveys to approve compensation. A compensation survey is used and reviewed with the Board of Directors. The CEO/President conducts the review of the Executive Vice President . Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Financial Statements are posted in the Credit Union lobby. Other documents and policies are available for review upon request. Other Changes In Net Assets Or Fund Balances - Other Increases Equity from merger = $8267542