2020-10-30T10:20:26-05:00 2019-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2019-01-01 381686050 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN CRED 2693829845 550 S RIVERVIEW DRIVE PARCHMENT MI 49004 JEFF FIELDER EVP OF FINANCE 8442384228 2020-10-21 1 DOUGLAS J ORTH P01076394 3052328272 104.11.88.150 2020-10-21 09:54:46 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B2EFC313AB4EEA4760135470907D022D8B217834 2019 2021-04-22 16:20:28Z ADVIA CREDIT UNION CHERYL DEBOER 550 S RIVERVIEW DRIVE PARCHMENT MI 49004 113766194 0 X WWW.ADVIACU.ORG X 1935 MI TO PROVIDE FINANCIAL ADVANTAGES TO OUR MEMBERS THROUGH THE OFFERING OF A FULL RANGE OF FINANCIAL PRODUCTS AND SERVICES. 7 7 738 7 292324 83328 0 129000 98634642 107997350 4661891 5639844 0 0 103296533 113766194 0 147644 0 0 38898656 38686536 0 0 0 55163909 60786733 94062565 99620913 9233968 14145281 1749022744 2084525233 1572754678 1891291454 176268066 193233779 PROVIDE COMPETITIVE DEPOSIT AND LOAN PRODUCTS TO OUR MEMBERSHIP BASE. 0 0 TO PROVIDE FINANCIAL ADVANTAGES TO OUR MEMBERS THROUGH THE OFFERING OF A FULL RANGE OF FINANCIAL PRODUCTS AND SERVICES. 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 45490 0 1 738 1 1 1 0 0 0 0 0 1 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X JEFF FIELDER 2693829845 550 S RIVERVIEW DRIVE PARCHMENT MI 49004 MARTY DOORN CHAIRMAN/BOD 1.00 X 0 0 0 JULIE BIRMAN DIRECTOR/BOD 1.00 X 0 0 0 DANIELLE STREED TREASURER/BOD 1.00 X 0 0 0 NICOLE KALMBACH V. CHAIR/BOD 1.00 X 2107 0 0 MIKE SEGAL DIRECTOR/BOD 1.00 X 0 0 0 DONNA KALMETA SECRETARY/BOD 1.00 X 0 0 0 RICH SEIM DIRECTOR/BOD 1.00 X 0 0 0 CHERYL DEBOER PRESIDENT/CEO 40.00 X 1220741 0 126046 JEFFREY FIELDER EVP OF FINANCE 40.00 X 311501 0 95007 KRISTIN MARSCHNER EVP OF RISK MANAGEMENT 40.00 X 278783 0 16848 RAYMOND BLACK EVP OF MEMBER SERVICE & MARKETING 40.00 X 279481 0 85514 TIMOTHY MERWIN EVP OF LENDING 40.00 X 276919 0 71479 LINDEN BUCK II VP OF INDIRECT SERVICES 40.00 X 238691 0 15677 THOMAS OEHLER VP OF COMMERCIAL LENDING 40.00 X 248048 0 47095 STEVEN KLITZING REGIONAL VICE PRESIDNET 40.00 X 232235 0 21924 MARION BRENNER VP OF BRANCH EXPERIENCE SUPPORT 40.00 X 180041 0 33274 RENAE SISK VP OF HUMAN RESOURCES 40.00 X 180670 0 13730 3449217 0 526594 32 0 1 0 GRANGER CONSTRUCTIONS 6267 AURELIUS ROAD LANSING MI 48911 CONSTRUCTION 6156486 JAMES AND MATTHEW COMPANY 2 SHAKER RD STE D220 SHIRLEY MA 01464 MARKETING & PRINTING EXP 1359118 BYCE & ASSOCIATES 487 PORTAGE STREET KALAMAZOO MI 49007 CONSTRUCTION MGMT 1280244 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 SOFTWARE PROVIDER 1235449 Q2 E BANKING PO BOX 205970 DALLAS TX 75320 SOFTWARE PROVIDER 1073674 40 129000 129000 INCOME FROM LOANS 522100 79502685 79502685 FEES AND CHARGES 522100 15593078 15593078 OTHER INCOME 522100 12609263 12609263 NON-MEMBER ATM FEE INCOME 900099 292324 292324 107997350 5639844 5639844 113766194 107705026 292324 5639844 X 137644 10000 2764426 27087317 2197127 4365325 2272341 246225 320160 75000 58958 335415 1911840 7542106 4569785 2883172 312107 20148109 91267 3762520 264558 PROVISION FOR LOAN LOSS 7996307 ATM EXPENSES 3307766 DEBIT/CREDIT CARD EXPEN 2861708 LOAN SERVICING 2696153 1403577 99620913 20755157 32098884 90794313 75089567 2932904 2698721 9683317 9186921 1397015845 1712594466 2287721 2675943 57366128 19516239 28955959 37849889 114141751 117649304 42406176 38797841 17339016 33064906 22710585 22818791 1749022744 2084525233 19291076 25039096 60300000 60300000 1493163602 1805952358 1572754678 1891291454 X 0 0 0 0 176268066 193233779 176268066 193233779 1749022744 2084525233 14145281 2820432 0 X X 0 1 X 1 0 6602167 6602167 30693978 6603490 24090488 1675365 234332 1441033 18394618 12678417 5716201 37849889 SAVINGS AND CLUB 303555796 MONEY MARKET 503162627 SHARE DRAFT 367395956 CERTIFICATES 579660622 IRA CERTIFICATES 52177357 1805952358 X 113766194 0 113766194 0 113766194 99620913 0 99620913 0 99620913 PART X, LINE 2: INCOME TAX IS NOT PROVIDED IN THE STATEMENTS OF INCOME AS THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES EXCEPT FOR UNRELATED BUSINESS INCOME. 1 HOME BUILDERS ASSOCIATION 5700 W MICHIGAN AVE KALAMAZOO MI 49009 381328661 501(C)(6) 12000 CHARITABLE CONTRIBUTION BIG BROTHERS BIG SISTERS 3501 COVINGTON RD KALAMAZOO MI 49001 381720832 501(C)(3) 6000 CHARITABLE CONTRIBUTION ELKHORN AREA CHAMBER OF COMMERCE 203 E WALWORTH ST ELHORN WI 53121 391191473 C-CORP 5500 DONATION PORT HURON SCHOOL DISTRICT 2720 RIVERSIDE DR PO BOX 5013 PORT HURON MI 48061 386003498 GOV'T ENTITY 5100 DONATION WESTERN MICHIGAN UNIVERSITY-FUTURE EDUCATORS PROGRAM 2903 W MICHIGAN AVE KALAMAZOO MI 49008 386007327 C-CORP 10000 DONATION 2 3 EPIC WINNERS - DONATIONS 11 10000 PART I, LINE 2: THE AMOUNTS PAID TO THE ORGANIZATIONS ARE CONSIDERED DONATIONS, NOT GRANTS, SO THERE IS NO MONITORING. X X 1 1 X X X X X 1 1 0 CHERYL DEBOER PRESIDENT/CEO 592386 0 201593 0 426762 0 90052 0 35994 0 1346787 0 0 0 JEFFREY FIELDER EVP OF FINANCE 245484 0 59751 0 6266 0 72444 0 22563 0 406508 0 0 0 KRISTIN MARSCHNER EVP OF RISK MANAGEMENT 21354 0 53654 0 203775 0 1401 0 15447 0 295631 0 0 0 RAYMOND BLACK EVP OF MEMBER SERVICE & MARKETING 221141 0 51954 0 6386 0 60323 0 25191 0 364995 0 0 0 TIMOTHY MERWIN EVP OF LENDING 223016 0 48330 0 5573 0 58392 0 13087 0 348398 0 0 0 LINDEN BUCK II VP OF INDIRECT SERVICES 119737 0 115014 0 3940 0 779 0 14898 0 254368 0 0 0 THOMAS OEHLER VP OF COMMERCIAL LENDING 177532 0 63925 0 6591 0 11619 0 35476 0 295143 0 0 0 STEVEN KLITZING REGIONAL VICE PRESIDNET 169887 0 60063 0 2285 0 10197 0 11727 0 254159 0 0 0 MARION BRENNER VP OF BRANCH EXPERIENCE SUPPORT 144044 0 29712 0 6285 0 9078 0 24196 0 213315 0 0 0 RENAE SISK VP OF HUMAN RESOURCES 144911 0 29380 0 6379 0 8180 0 5550 0 194400 0 0 0 PART I, LINES 4A-B KRISTIN MARSCHNER'S SEVERANCE COMPENSATION APPROXIMATED $209,000. THE ORGANIZATION OFFERS A 457(F) NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT TO SELECT EXECUTIVE OFFICERS AT THE CREDIT UNION. DURING 2019, THE CREDIT UNION ACCRUED FOR THE FOUR FOLLOWING EMPLOYEES: CHERYL DEBOER - $75,252, JEFF FIELDER - $56,749, RAY BLACK - $44,485, TIM MERWIN - $44,658. IN 2019, THE CREDIT UNION PAID $416,712 IN RETIREMENT BENEFITS TO THE PRESIDENT/CEO, WHICH WAS REPORTED ON THE EMPLOYEE'S 2019 W-2. A PORTION OF THIS RETIREMENT BENEFIT PAYMENT WAS ACCRUED FOR IN 2019. CHERYL DEBOER, JEFF FIELDER, RAY BLACK AND TIM MERWIN PARTICIPATED IN A SPLIT DOLLAR COLLATERAL INSURANCE SUPPLEMENTAL RETIREMENT PLAN. THEIR LOANS RELATED TO THIS PLAN ARE REPORTED ON SCHEDULE L. CHERYL DEBOER PRESIDENT & CEO TO FUND LIFE INSURANCE POLICY X 5400000 5480681 0 1 1 JEFF FIELDER EVP OF FINANCE TO FUND LIFE INSURANCE POLICY X 1450000 1500981 0 1 1 RAY BLACK EVP OF SALES AND MARKETING TO FUND LIFE INSURANCE POLICY X 1500000 1503597 0 1 1 TIM MERWIN EVP OF LENDING TO FUND LIFE INSURANCE POLICY X 700000 701662 0 1 1 9186921 FORM 990, SCH L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." ALTHOUGH THE IRS REQUIRES REPORTING IN PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANTS NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS 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 THE MEMBERS ARE ALLOWED TO ELECT DIRECTORS OF THE GOVERNING BODY. 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 990 IS PREPARED BY AN INDEPENDENT AND EXPERIENCED CPA FIRM. PRIOR TO FILING, THE FORM 990 IS REVIEWED BY THE CREDIT UNION'S CEO, EVP OF FINANCE, VP OF FINANCE & INTERNAL AUDIT MANAGER. ONCE REVIEWED AND APPROVED, FORM 990 IS FILED WITH THE IRS. MANAGEMENT THEN INFORMS THE CREDIT UNION'S BOARD THAT THE FORM 990 HAS BEEN COMPLETED AND FILED, MAKING IT AVAILABLE TO THEM UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS SIGNED EVERY YEAR AT THE ANNUAL MEETING. AT THE BEGINNING OF EVERY BOARD MEETING, BOARD MEMBERS ARE ASKED IF THERE ARE POTENTIAL OR ACTUAL CONFLICTS WITH ANY OF THE BOARD ITEMS. DIRECTORS ABSTAIN FROM ANY VOTING WHERE A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 A COMMITTEE OF THE BOARD PREPARES A WRITTEN EVALUATION OF THE CEO AND OBTAINS COMPARABLE SURVEYS. FORM 990, PART VI, SECTION C, LINE 19 RECORDS ARE MADE AVAILABLE IN ACCORDANCE WITH THE MICHIGAN CREDIT UNION ACT AND NCUA RULES AND REGULATIONS. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 335,415. FORM 990, PART IX, LINE 24E OTHER OPERATING EXPENSES 699,451. NCUA PREMIUM ASSESSMENT 315,000. MAINTENANCE 264,970. TRAINING/BUSINESS DEVELOPMENT 124,156. 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.