2021-11-15T09:08:58-08:00 2020-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2020-01-01 381907619 Bloom Credit Union BLOO 6164522161 1414 Burton Street SW Wyoming MI 49509 Joseph Heintskill CEO 2021-11-15 true Joseph Heintskill 999009999 Patrick Haughey P01980057 8005225820 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z Joseph Heintskill 1414 Burton Street SW Wyoming MI 49509 7960128 false X http://www.mpcu.org X 1951 MI Provide financial services and products to members. 7 7 53 7 116253 9669 0 7133914 7522402 759987 437726 0 7893901 7960128 0 0 2576076 2622319 0 0 4218755 4498509 6794831 7120828 1099070 839300 143837700 168894673 129924750 153982467 13912950 14912206 Provide financial services and products to members. false false The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2020 was 14,134. 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 12/31/2020 was 8,487. false false false false false false false false false true false 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 true false false false true 2091 0 true 53 true true true false false false false false false false X 7 7 true false false false true true true true true false true true false true true true false true true true false X Joseph Heintskill 6164522161 1414 Burton Street SW Wyoming MI 49509 Daniel Baines CEO 40.00 0.00 X 161104 0 35811 Joseph Heintskill CFO 40.00 0.00 X 126733 0 10783 Rebecca Baines VP Operations 40.00 0.00 X 123971 0 10606 Thomas Truszkowski Director 1.00 0.00 X 0 0 0 Dennis Brown Treasurer 1.00 0.00 X 0 0 0 Daniel Holland Secretary 1.00 0.00 X 0 0 0 Brian Borr Vice Chair 1.00 0.00 X 0 0 0 Todd Reminga Director 1.00 0.00 X 0 0 0 Roxanne Speck Chairperson 1.00 0.00 X 0 0 0 Danna Gomez Director 1.00 0.00 X 0 0 0 411808 57200 3 false true false Blue Care Network 20500 Civic Center Dr Southfield MI 48076 Emp Health Insurance 275569 Fiserv 75 Remittance Drive Suite 1649 Chicago IL 60675 Data Processing 331098 Coop Network 9692 Haven Avenue Rancho Cucamonga CA 917305891 Card Services 253486 Full Circle Marketing and Design 600 7th Street NW Suite 200 Grand Rapids MI 49504 Marketing 306150 4 0 Fee and Other Income 522100 1981773 1981773 Insurance Revenue 524298 58605 58605 Interest on Loans 522100 5424376 5424376 Non-Member ATM Fees 525990 29003 29003 Oth Non-Mbr Activity Inc 525990 26667 26667 1978 1978 7522402 437726 437726 0 0 0 0 0 0 0 Insurance Revenue 524298 Non-Member ATM Fees 525990 Oth Non-Mbr Activity Inc 525990 0 7960128 7843875 116253 0 0 0 0 469009 0 1540060 110088 360603 142559 0 0 0 0 0 0 0 398698 1851305 0 0 315999 40954 0 0 354486 0 277129 63791 Loan Servicing 563450 Provision for Loan Losses 474076 Prof. & Outside Services 125462 Operating Fees 33159 0 7120828 0 0 0 1922756 3906815 26608521 42170528 0 1064888 420056 0 0 95848427 105014023 0 0 8708878 3952287 4715436 4756591 10955960 9793432 440200 440200 0 0 2281512 2393028 143837700 168894673 150878 138695 129773872 153843772 129924750 153982467 X 13912950 14912206 13912950 14912206 143837700 168894673 839300 159956 X false false false 1405805 1405805 4954957 2286161 2668796 324293 192747 131546 1231432 717089 514343 792391 756290 36101 4756591 Member Deposits 153843772 153843772 false false false Daniel Baines CEO 161104 14858 20953 196915 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Daniel Baines Former(President/CEO) and Rebecca Baines (VP Operations) are husband and wife. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder The Credit Union has a 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 is elected by the membership for three year terms. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Mergers are voted on by entire membership. Form 990, Part VI, Line 11b: Form 990 Review Process Management reviews tax returns and forwards US Form 8879-EO to tax preparer. A copy is made available to the Board of Directors for review. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Compensation for the President/CEO and Key Employees is determined by the Board of Directors using CUNA and MCUL salary surveys to determine ranges and actual pay. The last review process was performed in 2016. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Financial Statements are posted monthly at our primary office located in Wyoming, Michigan. Quarterly call reports are available at the ncua.gov website. All other documents are made available for review upon request. Financial Resource Advisors LLC 1414 Burton St SW Wyoming MI 49509 383406282 Insurance and Investment Sales MI 1978 58133 Bloom Credit Union false false false false false false false false false false false false false false false false false false false