2022-04-27T07:27:36-05:00 2021-12-31 382210508 ADDISON & ADDISON PC 20630 HARPER AVE STE 110 HARPER WOODS MI 48225 990 2021-01-01 380480170 DIVERSIFIED MEMBERS CREDIT UNION DIVE 3135685000 1480 EAST JEFFERSON AVENUE DETROIT MI 48207 KEVIN O'CONNOR CFO 3135685000 2022-04-26 true KEVIN OCONNOR XXX-XX-XXXX JOHN T ADDISON II P01386149 3138814181 2022-04-25 2021 2022-09-23 18:48:47Z KATHIE TREMBATH 1480 EAST JEFFERSON AVENUE 1480 EAST JEFFERSON AVENUE DETROIT MI 48207 18643457 false X WWW.DMCU.COM X CREDIT UNION 1929 MI TO PROVIDE FRIENDLY, PERSONAL, FINANCIAL SERVICES IN A PROFESSIONAL ATMOSPHERE TO ALL MEMBERS. 9 9 128 0 0 9765648 10479691 5044395 4021412 3312110 4142354 18122153 18643457 0 0 6045190 7078511 0 0 10577037 9706572 16622227 16785083 1499926 1858374 460022963 516558136 377928943 430651759 82094020 85906377 X TO PROVIDE FRIENDLY, PERSONAL, FINANCIAL SERVICES IN A PROFESSIONAL ATMOSPHERE TO ALL MEMBERS. false false TO PROVIDE FRIENDLY, PERSONAL, FINANCIAL SERVICES IN A PROFESSIONAL ATMOSPHERE TO ALL MEMBERS. TO PROVIDE FRIENDLY, PERSONAL, FINANCIAL SERVICES IN A PROFESSIONAL ATMOSPHERE TO ALL MEMBERS. false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false true false false false false false false false false false false false false true 6250 0 true 128 true false false false false false false false false X 9 9 false false false false true true true true true false false false true true true true true true true false X KATHIE TREMBATH 3135685000 1480 EAST JEFFERSON AVENUE DETROIT MI 48207 KATHIE TREMBATH CEO 40.00 X 327907 0 0 KEVIN O'CONNOR CFO 40.00 X 197203 0 0 SATI SMITH COO 40.00 X 151671 0 0 JANISSE GREEN DIRECTOR X 0 0 0 DAVID BROOKS III VICE CHAIR X X 0 0 0 CARL JARBOE DIRECTOR X 0 0 0 DARREN JOHNSON DIRECTOR X 0 0 0 ALBERT PATRICK JR DIRECTOR X 0 0 0 ANTHONY LAMERATO DIRECTOR X 0 0 0 JEROME POKORSKI SECRETARY X X 0 0 0 ANDREW POLLOCK TREASURER X X 0 0 0 PAMELA SCALES CHAIRPERSON X X 0 0 0 676781 3 false true false CU COOPERATIVE CU COOPERATIVE 21840 WEST NINE MILE ROAD 21840 WEST NINE MILE ROAD SOUTHFIELD MI 48075 CUSO 791361 CU ANSWERS CU ANSWERS 6000 28TH STREET STE 100 6000 28TH STREET STE 100 GRAND RAPIDS MI 49546 COMP SVC BUREAU 603980 REBUILD GROUP REBUILD GROUP 2921 EAST GRAND BLVD STE 200 2921 EAST GRAND BLVD STE 200 DETROIT MI 48202 MARKETING & ADV 211482 HOLZMAN LAW PLLC HOLZMAN LAW PLLC 28366 FRANKLIN ROAD 28366 FRANKLIN ROAD SOUTHFIELD MI 48034 LEGAL,COLLECT'N 173549 ADDISON & ADDISON PC ADDISON & ADDISON PC 20630 HARPER AVE STE 110 20630 HARPER AVE STE 110 HARPER WOODS MI 48225 ACCOUNTING 110400 5 INTEREST ON LOANS 10479691 10479691 10479691 4021412 4021412 FEES & OTHER 4142354 4142354 4142354 18643457 18643457 676781 4966779 203142 860028 371781 68975 31327 242249 20365 1096767 1075029 426781 511814 190029 2121786 624711 72816 ALL OTHER EXPENSES 1894718 SVC CTR, ATM & SH DRAFTS 1150381 BUSINESS LOAN SERVICING 609522 PROV FOR LOAN LOSSES -430698 16785083 0 0 0 3734790 3887522 18347434 38626339 435372 1250870 209368601 244196926 9077495 7680498 6641761 8705676 16324910 8974305 7782631 7350605 198656092 195900397 503163 503163 5475624 8456140 460022963 516558136 4145637 3995537 373783306 426656222 377928943 430651759 X 82094020 85906377 82094020 85906377 460022963 516558136 X 1858374 1953983 X false true X true false 2126410 2126410 11324777 6380864 4943913 2873723 2593441 280282 7350605 REGULAR SHARES 231287871 SHARE CERTIFICATES 121327025 IRA ACCOUNTS 41183533 DRAFT & CHRISTMAS CLUB ACCOUNTS 29106253 ACCRUED POST-RETIRE EMP BEN 3751540 426656222 X 18643457 18643457 18643457 16785083 16785083 16785083 SCHEDULE D, PAGE 3, PART X INCOME TAXES THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FASB CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY ON EXAMINATION BY TAX AUTHORITIES. STATE CHARTERED CREDIT UNIONS ARE TAX-EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(14)(A). AS SUCH, THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. X false false false KATHIE TREMBATH CEO 327907 327907 KEVIN O'CONNOR CFO 197203 197203 SATI SMITH COO 151671 151671 KATHIE TREMBATH CEO MORTGAGE X 410000 407884 false true true KEVIN O'CONNOR CFO MORTGAGE X 258000 253254 false true true KATHIE TREMBATH CEO MORTGAGE X 250000 249101 false true true JANISSE GREEN DIRECTOR HOME EQUITY X 100000 90960 false true true KATHIE TREMBATH CEO VEHICLE LOAN X 68000 44992 false true true ALBERT PATRICK JR DIRECTOR VEHICLE LOAN X 46868 43025 false true true JANISSE GREEN DIRECTOR MORTGAGE X 86400 41348 false true true KATHIE TREMBATH CEO VEHICLE LOAN X 35900 25369 false true true KATHIE TREMBATH CEO CHARGE CARD X 25000 24618 false true true KATHIE TREMBATH CEO BILL CONSOLIDATION X 49754 22265 false true true KATHIE TREMBATH CEO VEHICLE LOAN X 21500 13502 false true true PAMELA SCALES CHAIR HOME EQUITY X 15000 12778 false true true KATHIE TREMBATH CEO REVOLVING LOC X 10000 9511 false true true KEVIN O'CONNOR CFO CHARGE CARD X 10000 9083 false true true PAMELA SCALES CHAIR CHARGE CARD X 7456 1865 false true true SATI SMITH COO CHARGE CARD X 4000 799 false true true KEVIN O'CONNOR CFO REVOLVING LOC X 5000 516 false true true 1250870 SCHEDULE L, PART II KATHIE TREMBATH FROM 21,500 13,502 VEHICLE LOAN ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT PAMELA SCALES FROM 15,000 12,778 HOME EQUITY ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT KATHIE TREMBATH FROM 10,000 9,511 REVOLVING LOC ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT KEVIN O'CONNOR FROM 10,000 9,083 CHARGE CARD ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT PAMELA SCALES FROM 7,456 1,865 CHARGE CARD ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT SATI SMITH FROM 4,000 799 CHARGE CARD ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT KEVIN O'CONNOR FROM 5,000 516 REVOLVING LOC ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT FORM 990, PAGE 2, PART III, LINE 4D TO PROVIDE FRIENDLY, PERSONAL, FINANCIAL SERVICES IN A PROFESSIONAL ATMOSPHERE TO ALL MEMBERS. FORM 990, PAGE 6, PART VI, LINE 6 A MEMBER MUST HOLD ONE (1) FULLY PAID SHARE (PAR VALUE 5.00) AND MEET THE REQUIREMENTS STATED IN THE CREDIT UNION'S BYLAWS TO RETAIN MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7A THE ORGANIZATION'S MEMBERS (SHAREHOLDERS) ELECT THE ORGANIZATION'S GOVERNING BODY (DIRECTORS) ANNUALLY IN ACCORDANCE WITH THE CREDIT UNION'S BYLAWS. FORM 990, PAGE 6, PART VI, LINE 7B APPROVAL OF THE ORGANIZATION'S MEMBERS IS REQUIRED TO CHANGE THE CREDIT UNION'S BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, DIRECTORS, & COMMITTEE MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION OF THE CEO INCLUDES A REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PAGE 6, PART VI, LINE 15B THE PROCESS FOR DETERMINING COMPENSATION OF OTHER EMPLOYEES INCLUDES A REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PAGE 6, PART VI, LINE 19 THE BYLAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY ON A MONTHLY BASIS. FORM 990, PART XI, LINE 9 CHANGES IN ACCUM OTHER COMP LOSS: 0 DEFINED BENEFIT PLAN: 0 CHANGE IN UNRECOG PRIOR SVC COST 367 CHANGE IN UNRECOG NET ACTUARIAL LOSS (GAIN) 2,144,206 RETIREE MEDICAL BENEFITS PLAN: 0 CHANGE IN UNRECOG PRIOR SVS COST 19,475 CHANGES IN ACCUM OTHER COMP LOSS: 0 RETIREE MEDICAL BENEFITS PLAN: 0 CHANGE IN UNRECOG NET ACTUARIAL LOSS (GAIN) -210,065 TOTAL 1,953,983