2022-11-08T17:05:19-06:00 2021-12-31 382492570 DOEREN MAYHEW 305 W BIG BEAVER ROAD TROY MI 48084 990 2021-01-01 381464920 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN-UNIVERSITY OF MICHIGAN CU CRED 7346628200 340 E HURON ANN ARBOR MI 48104 TOMAS KUSLIKIS VP OF ACCOUNTING AND FINANCE 7346628200 2022-11-08 1 TOMAS KUSLIKIS 999009999 JOSEPH A ZITO CPA P00648440 2482443000 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z TIFFANY FORD 340 E HURON ANN ARBOR MI 48104 50830621 0 X WWW.UMCU.ORG X 1954 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 9 9 176 11 66411 0 0 0 45017198 45891492 1312139 1410537 724518 3528592 47053855 50830621 0 0 0 0 16127162 17021427 0 0 0 25770806 23545407 41897968 40566834 5155887 10263787 1187983058 1323805807 1089485006 1218197122 98498052 105608685 FINANCIAL SERVICES. THE UNIVERSITY OF MICHIGAN CREDIT UNION IS A FINANCIAL INSTITUTION CHARTERED IN THE STATE OF MICHIGAN. THE CREDIT UNION PROVIDES A WIDE RANGE OF FINANCIAL SERVICES TO THE MEMBER/OWNERS AT A REASONABLE COST. 0 0 PROVIDE 110,561 MEMBERS WITH REGULAR SHARES, SHARE DRAFTS, CERTIFICATES OF DEPOSIT, IRA, CLUB, AND BUSINESS ACCOUNTS TOTALING 223,186. PROVIDE 57,333 LOANS INCLUDING VEHICLE, CREDIT CARD, UNSECURED, STUDENT, INDIRECT, RECREATIONAL VEHICLE, MORTGAGE, BUSINESS, OVERDRAFT LINES OF CREDIT, AND CREDIT BUILDER. OFFER AUTOMATED TELLER MACHINES, DEBIT CARDS, CHECK CASHING, BILL PAY, OVERDRAFT PROTECTION/COURTESY PAY, VARIOUS INSURANCE AND INVESTMENT PRODUCTS TO ALL ELIGIBLE MEMBERS. 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12114 0 1 176 1 1 1 0 0 0 0 0 1 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X UNIVERSITY OF MICHIGAN CREDIT UNION 7346628200 340 E HURON ANN ARBOR MI 48104 PAUL KIRSCH TREASURER 3.00 X 0 0 0 LUKELAND GENTLES DIRECTOR 3.00 X 0 0 0 FRANK CIANCIOLA DIRECTOR 3.00 X 0 0 0 JAMES MIDDLEMAS DIRECTOR 3.00 X 0 0 0 MARY KRASNY DIRECTOR 3.00 X 0 0 0 VICTORIA BENNETT VICE CHAIRPERSON 3.00 X 0 0 0 KAREN PARKER CHAIRPERSON 3.00 X 0 0 0 EARL BELL SECRETARY 3.00 X 0 0 0 TIFFANY FORD PRESIDENT/CEO 40.00 X 1084376 0 19000 TOMAS KUSLIKIS SR VP OF ACCOUNTING AND FINANCE 40.00 X 197681 0 26439 PATRICIA KEENE VP OF TALENT DEVELOPMENT 40.00 X 213090 0 19703 DEANNE RAMOS VP OF BRANCH OPERATIONS 40.00 X 192881 0 22975 JULIE WIGLEY VP OF BRAND & TALENT DEVELOPMENT 40.00 X 211497 0 23099 TINA HAMILTON VP OF LENDING 40.00 X 196472 0 21679 XIANG WU VP OF INFORMATION TECHNOLOGY 40.00 X 162150 0 20236 MARCUS ENGLISH VP OF EBRANCH 40.00 X 159596 0 20021 OZGUN ULUPINAR PROGRAMMING MANAGER 40.00 X 117373 0 20765 JOSEPH LOUIS-FERDINAND IT MANAGER 40.00 X 119686 0 24510 AMY STARKEY LENDING MANAGER 40.00 X 107146 0 10183 2761948 0 228610 11 0 1 0 JS VIG CONSTRUCTION COMPANY 15040 CLEAT STREET PLYMOUTH MI 48170 BUILDING CONSTRUCTION 3830512 DLI PROPERTIES LLC SUITE 200 2000 BUSH STREET DETROIT MI 48226 BRANDING AGREEMENT 808200 VISA USA INC PO BOX 742233 LOS ANGELES CA 900742233 ATM/CREDIT CARD/DEBIT CARD CONTRACTS 700620 LEARFIELD COMMUNICATIONS LLC PO BOX 843038 KANSAS CITY MO 641843038 SPONSORSHIP 595024 DIEBOLD INCORPORATED PO BOX 643543 PITTSBURGH IL 152643543 ATM MAINTENANCE/CONTRACTS 583975 33 LOAN INTEREST 522100 33168041 33168041 FEE AND OTHER INCOME 522100 12723451 12723451 45891492 1410537 1410537 30864 0 30864 30864 30864 NON-OPERATING INCOME 522100 3431317 3431317 FINANCE AND INSURANCE 520000 66411 66411 3497728 50830621 49353673 66411 1410537 2590895 10585632 2925194 919706 43295 87489 567694 1822249 1144699 668828 1552717 35526 69237 2792230 2663351 225786 VISA EXPENSE 4236795 PROVISION FOR LOAN LOSS 2029172 LOAN SERVICING 1947595 MAINTENANCE 1751143 1907601 40566834 8467477 7217286 150099432 62906791 9135478 9166044 830604388 905465167 1278069 2027457 72511784 19836237 45166445 52675547 125761382 264017087 3749552 3771738 47413 6773 13673422 16551917 1187983058 1323805807 11893702 14964849 62806824 62806824 1014784480 1140425449 1089485006 1218197122 X 0 0 0 0 98498052 105608685 98498052 105608685 1187983058 1323805807 X 10263787 -3132076 -21078 X X 0 1 X 1 0 19993005 19993005 26630970 4130176 22500794 3353224 2157319 1195905 13622048 11184866 2437182 8912537 2363876 6548661 52675547 MEMBER SHARES 1140425449 1140425449 X 50830621 0 50830621 0 50830621 40566834 0 40566834 0 40566834 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. HOWEVER, THE CREDIT UNION IS SUBJECT TO URELATED BUSINESS INCOME TAX. THE NET UNRELATED BUSINESS INCOME TAX IS IMMATERIAL TO THE FINANCIAL STATEMENTS AS A WHOLE. X X 0 0 0 TIFFANY FORD PRESIDENT/CEO 570645 0 498180 0 15551 0 19000 0 0 0 1103376 0 0 0 JULIE WIGLEY VP OF BRAND & TALENT DEVELOPMENT 184794 0 25000 0 1703 0 17887 0 5212 0 234596 0 0 0 PATRICIA KEENE VP OF TALENT DEVELOPMENT 186382 0 25000 0 1708 0 15156 0 4547 0 232793 0 0 0 TOMAS KUSLIKIS SR VP OF ACCOUNTING AND FINANCE 172337 0 25000 0 344 0 18477 0 7962 0 224120 0 0 0 TINA HAMILTON VP OF LENDING 171125 0 25000 0 347 0 16467 0 5212 0 218151 0 0 0 DEANNE RAMOS VP OF BRANCH OPERATIONS 167352 0 25000 0 529 0 17763 0 5212 0 215856 0 0 0 XIANG WU VP OF INFORMATION TECHNOLOGY 136729 0 25000 0 421 0 15024 0 5212 0 182386 0 0 0 MARCUS ENGLISH VP OF EBRANCH 134376 0 25000 0 220 0 14809 0 5212 0 179617 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE AND VOTING. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEETING FOR A THREE YEAR TERM. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN CREDIT UNION DECISIONS ARE SUBJECT TO MEMBER APPROVAL SUCH AS CHARTER CONVERSIONS AND MERGERS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE VP OF ACCOUNTING AND FINANCE PRIOR TO SUBMISSION TO THE IRS. THE RETURNS ARE MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C A REVIEW OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS CONDUCTED ANNUALLY BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 AN OUTSIDE FIRM SPECIALIZING IN COMPENSATION BENCHMARKS IS USED TO SET GUIDELINES FOR SALARY RANGE LEVELS BASED ON COMPETITION AND MARKET RATES. THE SALARY STRUCTURE IS REVIEWED PERIODICALLY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PUBLISHED MONTHLY. ALL OTHER DOCUMENTS AND POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART XI, LINE 9: OCI ADJUSTMENT-POST-RETIREMENT HEALTH CARE PLAN -23,841. AMORTIZATION OF NET LOSS ON POST-RETIREMENT HEALTH CARE PLAN 2,763. 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.