2025-07-24T16:43:35-05:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 386060726 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN CRED 2699689251 PO BOX 140 BATTLE CREEK MI 490160140 TRACY MILLER CEO 2699689251 2025-07-24 1 0 AUBREY CLEGG P01076395 3052328272 2025-07-24 2024 2025-03-06 01:10:19Z KELLOGG COMMUNITY CREDIT UNION TRACY MILLER PO BOX 140 BATTLE CREEK MI 490160140 57242014 0 X WWW.KELLOGGCCU.ORG X 1941 MI KCCU IS A FULL-SERVICE FINANCIAL INSTITUTION SERVING FAMILIES FOR DECADES. YOUR CREDIT UNION PROVIDES MORE OPPORTUNITY THAN OTHER FINANCIAL INSTITUTIONS BECAUSE IT IS OWNED AND GOVERNED BY THE PEOPLE WHO UTILIZE ITS PRODUCTS AND SERVICES. EVERY MEMBER OWNS A SHARE OF THE CREDIT UNION AND THE CREDIT UNION OPERATES TO PROMOTE THE FINANCIAL WELL-BEING OF ALL ITS MEMBERS. 9 9 213 12 164624 0 0 0 41663660 46669894 5311552 10224083 174323 72941 47149535 56966918 16000 45225 0 0 11532407 12829768 0 0 0 22933994 29976908 34482401 42851901 12667134 14115017 857416206 907537397 731239097 766026096 126177109 141511301 X KCCU IS A FULL-SERVICE FINANCIAL INSTITUTION SERVING FAMILIES FOR DECADES. YOUR CREDIT UNION PROVIDES MORE OPPORTUNITY THAN OTHER FINANCIAL INSTITUTIONS BECAUSE IT IS OWNED AND GOVERNED BY THE PEOPLE WHO UTILIZE ITS PRODUCTS AND SERVICES. EVERY MEMBER OWNS A SHARE OF THE CREDIT UNION, AND THE CREDIT UNION OPERATES TO PROMOTE THE FINANCIAL WELL-BEING OF ALL ITS MEMBERS. 0 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 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 0 0 0 0 1 15599 0 1 213 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 0 0 1 1 1 0 X TRACY MILLER 8008545421 PO BOX 140 BATTLE CREEK MI 490160140 HENRY PAT ROLFE CHAIRPERSON 1.00 X 0 0 0 MARIE SMITH VICE CHAIRPESON 1.00 X 0 0 0 MELISSA MILLER SECRETARY 1.00 X 0 0 0 ROGER E PITZER TREASURER 1.00 X 0 0 0 CHIRSTOPHER DEMAREST DIRECTOR 1.00 X 0 0 0 CAROL CASEY DIRECTOR 1.00 X 0 0 0 E PAUL CHAMBERS DIRECTOR 1.00 X 0 0 0 SEPH DABROWSKI DIRECTOR 1.00 X 0 0 0 TREY JUNKINS DIRECTOR 1.00 X 0 0 0 TRACY MILLER CEO 38.00 X 452792 0 55327 ANTHONY JERRY WRIGHT CFO 38.00 X 204052 0 32771 KATE PRATLEY CHIEF RISK OFFICER 38.00 X 152155 0 29323 AMBER MALLERNEE CCO 38.00 X 180421 0 31672 LINDSEY R LAW CLO 38.00 X 212046 0 18109 JASON CAIN CHIEF TECHNOLOGY OFFICER 38.00 X 56842 0 1938 JERALD PAWLOWICZ FINANCIAL ADVISOR 37.50 X 197229 0 32018 TARA STEELE BUSINESS LENDING MANAGER 37.50 X 129875 0 16629 JESSICA BISSENDEN VP OF HR 37.50 X 118023 0 9168 KELSEY MCALLASTER VP OF RETAIL 37.50 X 118001 0 17373 ELEYAN DABABNEH BUSINESS DEVELOPMENT OFFICER 37.50 X 110504 0 26991 1931940 0 271319 14 0 1 0 CU ANSWERS 6000 28TH ST SE GRAND RAPIDS MI 49546 CORE PROCESSOR 1192546 FISERV SOLUTIONS INC PO BOX 934057 ATLANTA GA 311934057 CARD PROCESSOR 1061018 VISA USA INC PO BOX 742233 LOS ANGELES CA 90074 DEBIT/CREDIT CARD PROCESSOR 842447 CORNELIUS SYSTEMS 1302 ANDERSON RD CLAWSON MI 48017 CASH RECYCLER EQUIPMENT PROVIDER 300081 TRACE3 PO BOX 603915 CHARLOTTE NC 28260 IT 288726 25 INCOME ON LOANS 522100 35589469 35589469 FEES/CHARGES/OTHER 522100 11080425 11080425 46669894 7751611 7751611 32275 123958 -91683 -91683 -91683 2623610 151138 2472472 2472472 2472472 FINANCE & INSURANCE 520000 164624 164624 164624 56966918 56802294 164624 0 X 29225 16000 1427448 8694714 645274 1318444 743888 8827 215500 131911 108157 1201628 2156898 62040 946943 54301 63648 15316872 71649 1264872 165562 ATM EXPENSES 2566915 PROVISION FOR LOAN LOSS 2338691 LOAN SERVICING 1802221 MAINTENANCE 1117705 382568 42851901 5714672 7473797 71514552 99123526 599232 225895 750000 750000 640897301 672060143 1177133 969927 25639125 12817104 12455292 12822021 97245159 88121267 10663900 8663900 16398965 17326921 857416206 907537397 12515328 9436825 718723769 756589271 731239097 766026096 X 0 0 0 0 126177109 141511301 126177109 141511301 857416206 907537397 X 14115017 1052169 167006 X X 0 1 X 1 0 2141838 2141838 11243423 4562723 6680700 3097901 1897771 1200130 9155963 6356610 2799353 12822021 MEMBER SHARES 756589271 756589271 X 57090876 123958 123958 56966918 0 56966918 42975859 123958 123958 42851901 0 42851901 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE (IRC SECTION 501(C)(14)), FROM FEDERAL AND STATE INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE REPORTED AS A REDUCTION OF REVENUE WITHIN FORM 990 BUT INCLUDED IN EXPENSES WITHIN THE AUDITED FINANCIAL STATEMENTS 123,958. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE REPORTED AS A REDUCTION OF REVENUE WITHIN FORM 990 BUT INCLUDED IN EXPENSES WITHIN THE AUDITED FINANCIAL STATEMENTS 123,958. 1 GENEVIEVE AND DONALD S GILMORE FOUNDATION 6865 WEST HICKORY ROAD HICKORY CORNERS MI 49060 386154163 501(C)(3) 5500 0 SPONSORSHIP TO BENEFIT THE GILMORE CAR MUSEUM WHICH IS DEDICATED TO PRESERVING TRANSPORTATION HISTORY. 1 1 SCHOLARSHIP 10 10000 TEACHER GRANTS 15 6000 FORM 990, SCHEDULE I, PART III KCCU AWARDS A ONE-TIME $1,000 SCHOLARSHIP TO 10 KCCU MEMBERS. ALL KCCU MEMBERS WHO ARE PLANNING TO ATTEND OR CURRENTLY ATTEND AN ACCREDITED MICHIGAN COLLEGE OR UNIVERSITY OR ARE WORKING TOWARDS A CERTIFICATION OR DEGREE PROGRAM IN THE TRADES AT STATE SUPPORTED COMMUNITY COLLEGES ARE ELIGIBLE FOR THE SCHOLARSHIP. KCCU TEACHER GRANT PROGRAM IS A $400 AWARD GIVEN TO 15 TEACHERS TO BE USED FOR EQUIPMENT, EDUCATIONAL SOFTWARE, BOOKS, SPECIAL MATERIALS, OR ANY OTHER TOOLS TO HELP WITH THE EDUCATION OF OUR FUTURE GENERATION OF LEADERS! ALL APPLICANTS MUST BE PROFESSIONALLY CERTIFIED EDUCATORS TEACHING PRE-K THROUGH 12TH GRADE, AND PLAN TO CONTINUE TEACHING IN THE PROCEEDING SCHOOL YEAR. ONE APPLICATION IS ALLOWED PER TEACHER, PER SCHOOL YEAR. TEACHERS ARE THE ONLY INDIVIDUALS THAT CAN APPLY/NOMINATE THEMSELVES. STUDENTS, PARENTS, COMMUNITY MEMBERS, ADMINISTRATORS, ETC. CANNOT NOMINATE THEIR FAVORITE EDUCATORS. TEACHERS MUST BE AN EDUCATOR AT A SCHOOL THAT IS WITHIN KCCU'S FIELD OF MEMBERSHIP. APPLICANTS DO NOT NEED TO BE A MEMBER OF KCCU TO APPLY AND KCCU EMPLOYEES, IMMEDIATE FAMILY MEMBERS OF KCCU EMPLOYEES, DIRECTORS, OR OFFICERS ARE NOT ELIGIBLE. X 1 1 X X X 0 1 0 TRACY MILLER CEO 393679 0 59113 0 0 0 31933 0 23394 0 508119 0 0 0 ANTHONY JERRY WRIGHT CFO 177542 0 26510 0 0 0 16344 0 16427 0 236823 0 0 0 LINDSEY R LAW CLO 184769 0 27277 0 0 0 17263 0 846 0 230155 0 0 0 JERALD PAWLOWICZ FINANCIAL ADVISOR 33280 0 163949 0 0 0 14271 0 17747 0 229247 0 0 0 AMBER MALLERNEE CCO 157279 0 23142 0 0 0 13668 0 18004 0 212093 0 0 0 KATE PRATLEY CHIEF RISK OFFICER 145857 0 6298 0 0 0 11319 0 18004 0 181478 0 0 0 PART I, LINE 4B TRACY MILLER PARTICIPATES IN A SPLIT DOLLAR COLLATERAL INSURANCE SUPPLEMENTAL RETIREMENT PLAN. THE LOAN RELATED THIS PLAN IS REPAID TO THE CREDIT UNION THROUGH THE RECOVERY OF ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. AT SPECIFIED TIMES, THE PARTICIPANT RECEIVES BENEFIT PAYOUTS 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. TRACY MILLER CEO SPLIT DOLLAR COLLATERAL ASSIGNMENT - RETIREMENT X 750000 750000 0 1 1 750000 FORM 990, SCH L, PART II TRACY MILLER PARTICIPATES IN A SPLIT DOLLAR COLLATERAL INSURANCE SUPPLEMENTAL RETIREMENT PLAN. THE LOAN RELATED THIS PLAN IS REPAID TO THE CREDIT UNION THROUGH THE RECOVERY OF ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. AT SPECIFIED TIMES, THE PARTICIPANT RECEIVES BENEFIT PAYOUTS 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 BOARD MEMBERS ARE ELECTED BY CREDIT UNION MEMBERSHIP IF ELECTION IS NEEDED. 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 CFO AND FINANCIAL OPERATIONS MANAGER ARE RESPONSIBLE FOR OVERSEEING THE COMPLETION AND REVIEW OF THE FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12 IF CONFLICTS OF INTEREST ARISE AT THE BOARD OR EMPLOYEE LEVEL, THE IMPLICATED INDIVIDUAL WILL REMOVE HIM/HERSELF FROM THE DECISION MAKING PROCESS. IF APPROVED, THE INDIVIDUAL WILL NOT BE ABLE TO MANAGE THE RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15 THE APPLICABLE INDIVIDUALS ARE SUBJECT TO AN ANNUAL PERFORMANCE REVIEW AND GIVEN THE RESULTS, WILL BE COMPARED WITH PEER DATA TO ENSURE A COMPETITIVE AND COMMENSURATE PACKAGE IS PROVIDED. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE CREDIT UNION'S CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 108,157. FORM 990, PART IX, LINE 24E MISCELLANEOUS 316,792. VISA EXPENSES 65,776. FORM 990, PART XI, LINE 9: NET CHANGE IN UNREALIZED GAINS/(LOSSES) ON POST RETIREMENT BENEFIT PLAN 167,006. FORM 990, PART XII, LINE 2C WE HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. OUR PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.