2021-04-22T07:16:19-05:00 2020-12-31 382210508 ADDISON & ADDISON PC 20630 HARPER AVE STE 110 HARPER WOODS MI 48225 990 2020-01-01 380480170 DIVERSIFIED MEMBERS CREDIT UNION DIVE 3135685000 1480 EAST JEFFERSON AVENUE DETROIT MI 48207 KEVIN O'CONNOR CFO 3135685000 2021-04-14 true KEVIN OCONNOR XXX-XX-XXXX JOHN T ADDISON II P01386149 3138814181 2021-04-14 2020 2022-09-23 18:48:47Z KATHIE TREMBATH 1480 EAST JEFFERSON AVENUE 1480 EAST JEFFERSON AVENUE DETROIT MI 48207 18122153 false X WWW.DMCU.COM X CREDIT UNION 1929 MI TO PROVIDE FRIENDLY, PERSONAL, FINANCIAL SERVICES IN A PROFESSIONAL ATMOSPHERE TO ALL MEMBERS. 9 9 110 0 0 8950421 9765648 5828157 5044395 3623682 3312110 18402260 18122153 0 0 6709127 6045190 0 0 10518355 10577037 17227482 16622227 1174778 1499926 398925871 460022963 318409203 377928943 80516668 82094020 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 6214 0 true 110 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 275288 0 0 KEVIN O'CONNOR CFO 40.00 X 180111 0 0 SATI SMITH COO 40.00 X 122932 0 0 FRANK ALLEN DIRECTOR X 0 0 0 JANISSE GREEN DIRECTOR X 0 0 0 DAVID BROOKS III SECRETARY X X 0 0 0 CARL JARBOE CHAIRPERSON X X 0 0 0 ALBERT PATRICK JR DIRECTOR X 0 0 0 ANTHONY LAMERATO DIRECTOR X 0 0 0 JEROME POKORSKI DIRECTOR X 0 0 0 ANDREW POLLOCK TREASURER X X 0 0 0 PAMELA SCALES VICE CHAIR X X 0 0 0 578331 3 false true false CU COOPERATIVE CU COOPERATIVE 21840 WEST NINE MILE ROAD 21840 WEST NINE MILE ROAD SOUTHFIELD MI 48075 CUSO 698034 CU ANSWERS CU ANSWERS 6000 28TH STREET 6000 28TH STREET GRAND RAPIDS MI 49546 COMP SVC BUREAU 591038 REBUILD GROUP REBUILD GROUP 2921 EAST GRAND BLVD 2921 EAST GRAND BLVD DETROIT MI 48202 MARKETING & ADV 402618 HOLZMAN LAW PLLC HOLZMAN LAW PLLC 28366 FRANKLIN ROAD 28366 FRANKLIN ROAD SOUTHFIELD MI 48034 LEGAL,COLLECT'N 193696 4 INTEREST ON LOANS 9765648 9765648 9765648 5044395 5044395 FEES & OTHER 3312110 3312110 3312110 18122153 18122153 578331 4123438 144126 867199 332096 41912 53449 221548 23891 1029417 1180412 404889 461858 140841 2425921 627344 69216 ALL OTHER EXPENSES 1331860 SVC CTR, ATM & SH DRAFTS 1016699 PROV FOR LOAN LOSSES 968700 BUSINESS LOAN SERVICING 579080 16622227 0 0 0 3451126 3734790 23414727 18347434 472668 435372 171062607 209368601 7265449 9077495 3213095 6641761 16132225 8349594 8097081 7782631 176475179 198656092 503163 503163 4970776 5475624 398925871 460022963 3150733 4145637 315258470 373783306 318409203 377928943 X 80516668 82094020 80516668 82094020 398925871 460022963 X 1499926 77426 X false true X true false 2126410 2126410 11293397 5939603 5353794 2712418 2409991 302427 7782631 REGULAR SHARES 214923465 SHARE CERTIFICATES 85611262 IRA ACCOUNTS 43707513 DRAFT & CHRISTMAS CLUB ACCOUNTS 25761349 ACCRUED POST-RETIRE EMP BEN 3459080 UNFUNDED DEFINED BENEFIT OBLIGATION 320637 373783306 X 18122153 18122153 18122153 16622227 16622227 16622227 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 ASC 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 275288 275288 KEVIN O'CONNOR CFO 180111 180111 JANISSE GREEN DIRECTOR HOME EQUITY X 100000 95633 false true true KATHIE TREMBATH CEO REFINANCE X 145000 85848 false true true KATHIE TREMBATH CEO VEHICLE LOAN X 68000 50048 false true true JANISSE GREEN DIRECTOR MORTGAGE X 86400 48154 false true true KATHIE TREMBATH CEO VEHICLE LOAN X 35900 32444 false true true KATHIE TREMBATH CEO BILL CONSOLIDATION X 49754 29420 false true true KATHIE TREMBATH CEO CHARGE CARD X 25000 24730 false true true KATHIE TREMBATH CEO VEHICLE LOAN X 21500 17418 false true true PAMELA SCALES HOME EQUITY X 15000 14052 false true true KATHIE TREMBATH CEO BILL CONSOLIDATION X 48000 7081 false true true KEVIN O'CONNOR CFO CHARGE CARD X 10000 6831 false true true KATHIE TREMBATH CEO REVOLVING LOC X 6000 5398 false true true JANISSE GREEN DIRECTOR BILL CONSOLIDATION X 10000 4159 false true true SATI SMITH COO BILL CONSOLIDATE X 12000 3242 false true true JANISSE GREEN DIRECTOR VEHICLE LOAN X 27640 3210 false true true SATI SMITH COO CHARGE CARD X 4000 2811 false true true PAMELA SCALES VICE CHAIR CHARGE CARD X 7456 2441 false true true KEVIN O'CONNOR CFO REVOLVING LOC X 5000 1743 false true true SATI SMITH COO CHECK PROTECT X 1000 709 false true true 435372 SCHEDULE L, PART II KEVIN O'CONNOR FROM 10,000 6,831 CHARGE CARD ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT KATHIE TREMBATH FROM 6,000 5,398 REVOLVING LOC ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT JANISSE GREEN FROM 10,000 4,159 BILL CONSOLIDATION ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT SATI SMITH FROM 12,000 3,242 BILL CONSOLIDATE ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT JANISSE GREEN FROM 27,640 3,210 VEHICLE LOAN ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT SATI SMITH FROM 4,000 2,811 CHARGE CARD ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT PAMELA SCALES FROM 7,456 2,441 CHARGE CARD ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT KEVIN O'CONNOR FROM 5,000 1,743 REVOLVING LOC ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT SATI SMITH FROM 1,000 709 CHECK PROTECT ( ) 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 RETIREE MEDICAL BENEFITS PLAN: 0 CHANGE IN UNRECOG NET ACTUARIAL LOSS (GAIN) 691,786 CHANGES IN ACCUM OTHER COMP LOSS: 0 RETIREE MEDICAL BENEFITS PLAN: 0 CHANGE IN UNRECOG PRIOR SVC COST -30,647 DEFINED BENEFIT PLAN: 0 CHANGE IN UNRECOG NET ACTUARIAL LOSS (GAIN) -584,080 TOTAL 77,426