2020-10-22T13:40:07-05:00 2019-12-31 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2019-01-01 381395700 UNITED BAY COMMUNITY CREDIT UNION UNIT 9898924597 1309 NORTH LINCOLN AVENUE BAY CITY MI 487086172 DIANE ABBONIZIO CEO 9898924597 2020-10-18 1 KENLEY PENNER P00740260 2695674500 2020-10-18 76.20.156.99 2020-10-18 18:28:24 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 E0F6F03BC3AE684EB3B59DF82EF6777B722E432E 2019 2021-04-22 16:20:28Z DIANE ABBONIZIO 1309 NORTH LINCOLN AVENUE BAY CITY MI 487086172 9759413 0 1359 X WWW.UBCCU.ORG X 1949 MI PROVIDE SERVICE TO OUR MEMBERS 7 7 87 7 20034 -11886 0 0 8296845 8541628 1202153 1156102 0 0 9498998 9697730 0 0 0 0 3680716 3800773 0 0 0 4318239 4451939 7998955 8252712 1500043 1445018 189721310 194547838 174145253 176704566 15576057 17843272 PROVIDING OUR MEMBERS THE RESOURCES TO DEVELOP STRONG FINANCIAL ROOTS. 0 0 SERVED APPROXIMATELY 18,500 MEMBERS BY OFFERING LOANS, DEPOSITS, AND VARIOUS OTHER FINANCIAL SOLUTIONS TO ENSURE FINANCIAL SUCCESS TO OUR MEMBERSHIP. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 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 1424 0 1 87 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X DIANE ABBONIZIO 9898911628 1309 N LINCOLN AVE BAY CITY MI 48708 DON GOULET BOARD CHAIR 1.00 0.00 X X 0 0 0 CHRISTINE HOULE VICE CHAIR 1.00 0.00 X X 0 0 0 DENNIS GENO TREASURER 1.00 0.00 X X 0 0 0 KELLY JOHNSON SECRETARY 1.00 0.00 X X 0 0 0 DAVENE IVEY DIRECTOR 1.00 0.00 X 0 0 0 LOUIS ROTH DIRECTOR 1.00 0.00 X 0 0 0 DAVE VENTORNE DIRECTOR 1.00 0.00 X 0 0 0 ROBERT BRINK DIRECTOR - PART YEAR 1.00 0.00 X 0 0 0 LISA MAHLER CEO/PRESIDENT - PART YEAR 20.00 0.00 X 73884 0 9661 DIANE ABBONIZIO CEO 60.00 0.00 X 172581 0 33493 CRAIG TIDWELL COO 60.00 0.00 X 57831 0 5856 304296 0 49010 1 0 1 0 MEMBER DRIVEN TECHNOLOGIES 30230 ORCHARD LAKE RD FARMINGTON HILLS MI 48334 TECHNOLOGY SUPPORT 581523 NETSOURCE ONE 5454 HAMPTON PLACE SAGINAW MI 48604 TECHNOLOGY/PHONE SYSTEM SUPPORT 125981 2 LOAN INTEREST INCOME 522100 6282714 6282714 FEES AND CHARGES 522100 2215662 2195628 20034 GAIN ON SALE OF MORTGAGES AND LOA 522100 43252 43252 8541628 1161421 1161421 47501 8863 3013 58670 44488 -49807 -5319 -5319 9697730 8521594 20034 1156102 353305 2415917 201300 610592 219659 40131 169389 71674 108013 402419 446279 292634 9189 84240 284 270608 77783 PROVISION FOR LOAN LOSS 696691 CREDIT CARD AND ACCOUNT 590211 MISCELLANEOUS 386785 ATM EXPENSES 229909 575700 8252712 2884142 4367606 3416855 4084827 93759 86163 126120949 129098289 385167 367054 12403328 5285235 7141432 7118093 45949390 45104281 3729616 4321525 189721310 194547838 1276326 1298863 418739 487907 172450188 174917796 174145253 176704566 X 0 0 0 0 15576057 17843272 15576057 17843272 189721310 194547838 1445018 822197 0 X 0 0 0 0 1 X 1183638 1183638 7920023 2376973 5543050 194214 142617 51597 3105453 2765645 339808 7118093 NON-NEGOTIABLE CERTIFICATES OF DEPOSIT 21328000 C CORPORATE BONDS 9729378 F MORTGAGE-BACKED SECURITIES 14046903 F 45104281 MEMBER SHARE ACCOUNTS 174917796 174917796 PART IV, LINE 2B: THE CREDIT UNION HOLDS AMOUNTS IN ESCROW ACCOUNTS FOR REAL ESTATE TAXES AND HOME INSURANCE RELATED TO HOME MORTGAGE LOANS. X X 0 0 0 DIANE ABBONIZIO CEO 172581 0 0 0 0 0 17452 0 16041 0 206074 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 EVERY INDIVIDUAL THAT HAS AN ACCOUNT WITH THE CREDIT UNION IS CONSIDERED A MEMBER OF THE CREDIT UNION FORM 990, PART VI, SECTION A, LINE 7A EVERY MEMBER IS GIVEN ONE VOTE AND IS ABLE TO ELECT BOARD MEMBERS AT THE ANNUAL MEETING FORM 990, PART VI, SECTION A, LINE 7B DAY TO DAY DECISIONS OF THE GOVERNING BODY ARE NOT SUBJECT TO APPROVAL BY MEMBERS, HOWEVER, MAJOR STRATEGIC DECISIONS, SUCH AS MERGERS, ARE SUBJECT TO APPROVAL BY MEMBERS FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY IS PROVIDED WITH THE 990 RETURN ONCE IT IS COMPLETED. IT WILL BE REVIEWED BY MANAGEMENT AND THE GOVERNING BODY BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY BY REVIEWING IT THROUGHOUT THE YEAR AND TAKING APPROPRIATE ACTION. IF A BOARD MEMBER HAS A CONFLICT OF INTEREST, THE MEMBER WILL ABSTAIN FROM VOTING ON THE CONFLICTED ISSUE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS CALCULATED AND REVIEWED ANNUALLY BASED ON PERFORMANCE, SALARY RANGE IN THE POSITION AND CURRENT ECONOMIC CONDITIONS. THIS PROCESS WAS LAST PERFORMED DURING 2019. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST ONLY FORM 990, PART X, LINE 5 AND SCHEDULE L: SCHEDULE L IS NOT REQUIRED FOR LOANS RECEIVABLE BALANCES ON FORM 990, PART X, LINE 5 IF THE LOANS ARE MADE BY THE CREDIT UNION TO THE DIRECTORS, OFFICERS, AND KEY EMPLOYEES ON THE SAME TERMS OFFERED TO OTHER MEMBERS OF THE CREDIT UNION. THEREFORE, THE CREDIT UNION HAS INCLUDED APPROXIMATELY $258,000 AND $206,000 OF RECEIVABLES FROM CURRENT OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES FOR 2019 AND 2018, RESPECTIVELY, WITHIN FORM 990, PART X, LINE 7. FORM 990 - ACCOUNTING PERIOD THE CREDIT UNION REPORTS ON A JUNE 30 FISCAL YEAR FOR FINANCIAL REPORTING PURPOSES AND ON A DECEMBER 31 CALENDAR YEAR FOR TAX PURPOSES.