CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (EIN 38-1439781)
Tax period: 2019-01-01 to 2019-12-31
Filed: 2020-11-10
IRS object ID: 202033159349305643
Schema version: 2019v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule I
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-11-10T18:55:20-06:00	ReturnTs
Tax Period End	2019-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	382492570	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	DOEREN MAYHEW	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	305 W BIG BEAVER ROAD	AddressLine1Txt
City	TROY	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48084	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2019-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	381439781	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PUBLIC SERVICE CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	PUBL	BusinessNameControlTxt
Phone	7346418400	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	7665 MERRIMAN ROAD	AddressLine1Txt
City	ROMULUS	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48174	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DEAN J TRUDEAU	PersonNm
Person Title	PRESIDENT/CEO	PersonTitleTxt
Phone	7346418400	PhoneNum
Signature	2020-11-10	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JOHN MILLER	PreparerPersonNm
PTIN	P02041965	PTIN
Phone	2482443000	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	104.11.88.150	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2020-11-10	IPDt
IP Tm	15:49:16	IPTm
IP Timezone	ES	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	DA39A3EE5E6B4B0D3255BFEF95601890AFD80709	AtSubmissionCreationDeviceId
At Submission Filing Device Id	B2EFC313AB4EEA4760135470907D022D8B217834	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2022-01-07 14:23:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	DEAN J TRUDEAU	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	7665 MERRIMAN ROAD	AddressLine1Txt
City	ROMULUS	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48174	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$23,005,942	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.PSCUNOW.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1951	FormationYr
Legal Domicile State	MI	LegalDomicileStateCd
Activity Or Mission	TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND.	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	6	VotingMembersIndependentCnt
Total Employee	226	TotalEmployeeCnt
Total Volunteers	11	TotalVolunteersCnt
Total Gross UBI	$3,208,073	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$18,181,378	PYProgramServiceRevenueAmt
CY Program Service Revenue	$22,988,942	CYProgramServiceRevenueAmt
PY Investment Income	$784,872	PYInvestmentIncomeAmt
CY Investment Income	$3,881	CYInvestmentIncomeAmt
PY Other Revenue	$3,300	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$18,969,550	PYTotalRevenueAmt
CY Total Revenue	$22,992,823	CYTotalRevenueAmt
PY Grants And Similar Paid	$10,000	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$10,000	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$7,755,925	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$9,442,018	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$9,179,939	PYOtherExpensesAmt
CY Other Expenses	$11,509,421	CYOtherExpensesAmt
PY Total Expenses	$16,945,864	PYTotalExpensesAmt
CY Total Expenses	$20,961,439	CYTotalExpensesAmt
PY Revenues Less Expenses	$2,023,686	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$2,031,384	CYRevenuesLessExpensesAmt
Total Assets BOY	$285,973,059	TotalAssetsBOYAmt
Total Assets EOY	$293,173,964	TotalAssetsEOYAmt
Total Liabilities BOY	$254,616,747	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$260,315,511	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$31,356,312	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$32,858,453	NetAssetsOrFundBalancesEOYAmt
Mission	TO HELP OUR MEMBERS REACH THEIR FINANCIAL GOALS. WE ARE COMMITTED TO PROVIDING EXCEPTIONAL SERVICES FROM KNOWLEDGABLE EMPLOYEES. AS A MEMBER OF THE PSCU FAMILY, EVERYONE WILL BE TREATED WITH DIGNITY AND RESPECT.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	PROVIDE MEMBERS WITH REGULAR SHARES, SHARE DRAFT, MONEY MARKET, IRA, CERTIFICATE OF DEPOSIT AND CLUB ACCOUNTS.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	PROVIDE LOANS INCLUDING VEHICLE, MORTGAGE, HOME EQUITY, COMMERCIAL AND PERSONAL LOANS.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Desc	OFFER AUTOMATED TELLER MACHINES, COURTESY PAY, WIRE TRANSFERS, GIFT CARDS, MONEY ORDERS AND VARIOUS INSURANCE PROGRAMS.	Desc

Field	Value	IRS element (for citing)
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	Yes (1)	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	Yes (1)	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	Yes (1)	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	4440	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	226	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	7	GoverningBodyVotingMembersCnt
Independent Voting Member	6	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PUBLIC SERVICE CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7346418400	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	7665 MERRIMAN ROAD	AddressLine1Txt
City	ROMULUS	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48174	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
FREDERICK MORGAN
CHAIRPERSON	2.00	Yes (X)	$0	$0	$0
JEFF KING
VICE CHAIRPERSON	2.00	Yes (X)	$0	$0	$0
EDWARD CAREY
SECRETARY	2.00	Yes (X)	$0	$0	$0
NORA SHARPLEY
DIRECTOR	2.00	Yes (X)	$0	$0	$0
CHARLIE LOWLER
DIRECTOR	2.00	Yes (X)	$0	$0	$0
DALE REAUME
DIRECTOR	2.00	Yes (X)	$0	$0	$0
DEAN J TRUDEAU
PRESIDENT/CEO/TREASURER	40.00	Yes (X)	$315,855	$0	$36,667	Yes (X)
SUSAN WYPUTA
SVP OF FINANCE	40.00		$195,758	$0	$115,341	Yes (X)
DONNA FOLLBAUM
VP OF OPERATIONS	40.00		$168,597	$0	$31,047		Yes (X)
ROBERT MERCIER
VP OF GROWTH & DEVELOPMENT	40.00		$156,647	$0	$44,339			Yes (X)
ANGLEO FANARAS
VP OF INFORMATION SERVICES	40.00		$143,320	$0	$77,099			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$980,177	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$304,493	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	5	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
CO-OP
9692 HAVEN AVENUE	RANCHO CUCAMONGA	CA	91730	CARD PROCESSOR	$1,473,695
EPL INC
22 INVERNESS CTR PKWY	BIRMINGHAM	AL	35242	PROCESSOR	$800,436
MATRIX TRUST
PO BOX 3595	NEW YORK	NY	10008	BUILDING/RENOVATION	$515,083
THE CASE GROUP
28175 HAGGERTY RD	NOVI	MI	48377	BUILDING/RENOVATION	$344,181
WINDSTREAM
PO BOX 9001013	LOUISVILLE	KY	40290	COMMUNICATIONS	$285,544

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	13	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
FEE AND OTHER INCOME	522100	$10,545,613	$10,545,613
LOAN INTEREST INCOME	522100	$9,235,256	$9,235,256
NON-MEMBER SHARED BRANCH INCOME	522100	$2,943,052		$2,943,052
NON-MEMBER ATM FEE INCOME	900099	$265,021		$265,021

Field	Value	IRS element (for citing)
Total Program Service Revenue	$22,988,942	TotalProgramServiceRevenueAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$17,000	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$13,119	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$3,881	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,881	TotalRevenueColumnAmt
Related Or Exempt Func Income	$3,881	RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$22,992,823	TotalRevenueColumnAmt
Related Or Exempt Func Income	$19,784,750	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$3,208,073	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$10,000	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$863,265	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$6,105,979	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$390,711	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,526,329	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$555,734	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$62,678	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$88,766	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$75,035	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$392,106	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,342,331	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$802,913	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,352,286	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$55,746	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$326,687	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$2,102,735	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$469,840	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$70,740	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
LOAN SERVICING	$1,097,883
PROVISION FOR LOAN LOSS	$1,066,600
MISCELLANEOUS EXPENSES	$142,419
EXAM FEES	$60,656

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$20,961,439	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$6,498,272	BOYAmt
EOY	$7,076,503	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$8,478,311	BOYAmt
EOY	$9,279,844	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$443,062	BOYAmt
EOY	$167,084	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$4,796,944	BOYAmt
EOY	$4,936,803	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$199,150,082	BOYAmt
EOY	$190,232,629	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$826,149	BOYAmt
EOY	$803,455	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$13,664,093	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$5,152,667	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$8,018,019	BOYAmt
EOY	$8,511,426	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$40,196,092	BOYAmt
EOY	$51,280,464	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$10,834,249	BOYAmt
EOY	$14,080,687	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$6,731,879	BOYAmt
EOY	$6,805,069	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$285,973,059	BOYAmt
EOY	$293,173,964	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$2,223,834	BOYAmt
EOY	$2,779,833	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$7,000,000	BOYAmt
EOY	$7,000,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$245,392,913	BOYAmt
EOY	$250,535,678	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$254,616,747	BOYAmt
EOY	$260,315,511	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$31,356,312	BOYAmt
EOY	$32,858,453	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$31,356,312	BOYAmt
EOY	$32,858,453	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$285,973,059	BOYAmt
EOY	$293,173,964	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$2,031,384	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$305,751	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$834,994	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,868,230	OtherCostOrOtherBasisAmt
Book Value	$1,868,230	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$6,737,224	OtherCostOrOtherBasisAmt
Depreciation	$1,549,839	DepreciationAmt
Book Value	$5,187,385	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,425,089	OtherCostOrOtherBasisAmt
Depreciation	$821,155	DepreciationAmt
Book Value	$603,934	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,633,550	OtherCostOrOtherBasisAmt
Depreciation	$2,781,673	DepreciationAmt
Book Value	$851,877	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$8,511,426	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (11 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
FEDERAL AGENCY SECURITIES	$17,362,217	F
CERTIFICATES OF DEPOSIT	$2,924,000	C
CO-OP NETWORK STOCK	$300	C
FHLB STOCK	$495,000	C
CU SOLUTIONS GROUP STOCK	$113,150	C
MEMBER FIRST MORTGAGE INVESTMENT	$670,816	C
CORPORATE BONDS	$3,002,783	F
MUNICIPAL BONDS	$450,502	F
CMOS	$8,870,772	F
INSURANCE INVESTMENTS	$17,272,262	C
MERGER INVESTMENTS	$118,662	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$51,280,464	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBER SHARES AND DEPOSITS	Desc
Amt	$250,535,678	Amt

Field	Value	IRS element (for citing)
Total Liability	$250,535,678	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$22,992,823	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$22,992,823	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$22,992,823	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$20,961,439	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$20,961,439	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$20,961,439	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	THE CREDIT UNION IS EXEMPT BY STATUTE (IRC SECTION 501(C)(14)), FROM FEDERAL INCOME TAX.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIPS	GrantTypeTxt
Recipient	10	RecipientCnt
Cash Grant	$10,000	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	SCHOLARSHIP RECIPIENTS COMPLETE APPLICATIONS AND ARE CHOSEN BY COMMITTEE BASED ON CERTAIN CRITERIA. DOCUMENTATION IS MAINTAINED ON THE RECIPIENTS.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DEAN J TRUDEAU
PRESIDENT/CEO/TREASURER	$262,571	$0	$46,311	$0	$6,973	$0	$11,482	$0	$25,185	$0	$352,522	$0	$0	$0
SUSAN WYPUTA
SVP OF FINANCE	$173,875	$0	$20,213	$0	$1,670	$0	$87,847	$0	$27,494	$0	$311,099	$0	$0	$0
DONNA FOLLBAUM
VP OF OPERATIONS	$155,118	$0	$12,000	$0	$1,479	$0	$10,212	$0	$20,835	$0	$199,644	$0	$0	$0
ROBERT MERCIER
VP OF GROWTH & DEVELOPMENT	$136,035	$0	$11,000	$0	$9,612	$0	$33,024	$0	$11,315	$0	$200,986	$0	$0	$0
ANGLEO FANARAS
VP OF INFORMATION SERVICES	$126,124	$0	$16,047	$0	$1,149	$0	$48,544	$0	$28,555	$0	$220,419	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 4B	FormAndLineReferenceDesc
Explanation	THE FOLLOWING EMPLOYEES PARTICIPATE IN A NON-QUALIFIED 457(B) PLAN. DOLLAR AMOUNTS REPRESENT CONTRIBUTIONS MADE BY EACH RESPECTIVE PARTICIPANT DURING 2019: DEAN TRUDEAU $11,482 SUSAN WYPUTA $7,388 ROBERT MERCIER $5,981 ANGELO FANARAS $4,700 ADDITIONALLY, THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO ROBERT MERCIER, DONNA FOLLBAUM, AND ANGELO FANARAS THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASIGNED SPLIT DOLLAR." AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST, PLUS KEY-PERSON INSURANCE PROCEEDS. SUSAN WYPUTA, SVP OF FINANCE/CFO IS COVERED UNDER A SPLIT DOLLAR INSURANCE POLICY OWNED BY THE CREDIT UNION. THE CASH SURRENDER VALUE OF THE POLICY AS OF DECEMBER 31, 2019 WAS $1,536,567.	ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
ANGELO FANARAS
KEY EMPLOYEE	LIFE INSURANCE	Yes (X)	$1,864,000	$1,940,983	0	Yes (1)	Yes (1)
ROB MERCIER
KEY EMPLOYEE	LIFE INSURANCE	Yes (X)	$1,357,000	$1,413,044	0	Yes (1)	Yes (1)
DONNA FOLLBAUM
KEY EMPLOYEE	LIFE INSURANCE	Yes (X)	$1,520,000	$1,582,776	0	Yes (1)	Yes (1)

Field	Value	IRS element (for citing)
Total Balance Due	$4,936,803	TotalBalanceDueAmt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionAmt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
ASHLEY CARR HR MANAGER
CU EMPLOYEE-FAMILY RELATIONSHIP WITH PRESIDENT/CEO, DEAN TRUDEAU	$84,460	COMPENSATION & BENEFITS	0
DONNA GDOWSKI MARKETINGEVENTS COO
CU EMPLOYEE-FAMILY RELATIONSHIP WITH PRESIDENT/CEO, DEAN TRUDEAU	$46,756	COMPENSATION & BENEFITS	0
SAM WYPUTA
CU EMPLOYEE-FAMILY RELATIONSHIP WITH SVP SUSAN WYPUTA	$49,976	COMPENSATION & BENEFITS	0
BAIRD-LOWLER
BOARD MEMBER LOWLER	$132,041	RENOVATION OF GROSSE ILE BRANCH	0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	FORM 990, SCH L, PART II	FormAndLineReferenceDesc
Explanation	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.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE AND VOTING.
FORM 990, PART VI, SECTION A, LINE 7A	THE BOARD OF DIRECTORS IS ELECTED BY A MAIL BALLOT. EACH BOARD MEMBER IS ELECTED FOR A THREE YEAR TERM.
FORM 990, PART VI, SECTION A, LINE 7B	CREDIT UNION DECISIONS THAT ARE SUBJECT TO MEMBERSHIP APPROVAL ARE MERGERS WHERE THE CREDIT UNION IS NOT THE SURVIVING ONE AND BY-LAW CHANGES.
FORM 990, PART VI, SECTION B, LINE 11B	A REVIEW IS CONDUCTED BY THE PRESIDENT/CEO AND SVP OF FINANCE/CFO PRIOR TO SUBMISSION TO THE IRS. SUBSEQUENT TO FILING, THE BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF THE 990 RETURNS SUBMITTED.
FORM 990, PART VI, SECTION B, LINE 12C	CONFLICTS OF INTEREST ARE REVIEWED AND NOTED BY THE RISK MANAGEMENT DEPARTMENT. FOLLOW UP IS ALSO PERFORMED BY THE RISK MANAGEMENT DEPARTMENT.
FORM 990, PART VI, SECTION B, LINE 15	THE BOARD OF DIRECTORS FORM A COMMITTEE TO EVALUATE THE PRESIDENT/CEO. SALARY INCREASES ARE BASED ON PERFORMANCE. THE PRESIDENT/CEO PERFORMS AN ANNUAL REVIEW OF THE SVP OF FINANCE/CFO AND OTHER EXECUTIVE MANAGERS AND USES A COMPENSATION SURVEY. SALARY RECOMMENDATIONS ARE GIVEN TO THE BOARD OF DIRECTORS FOR APPROVAL.
FORM 990, PART VI, SECTION C, LINE 19	FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY. OTHER DOCUMENTS AND POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST.
FORM 990, PART IX, LINE 11G	OTHER PROFESSIONAL SERVICES 75,035.
FORM 990, PART XI, LINE 9:	NET CHANGE IN DEFINED BENEFIT PENSION PLAN -834,994.
FORM 990, PART XII, LINE 2B	AUDITED FINANCIAL STATEMENTS ARE DONE ON A FISCAL YEAR-END AND TAX REPORTING IS REQUIRED ON A CALENDAR YEAR-END.
FORM 990, PART XII, LINE 2C	THE PROCESS OF WHICH THE ORGANIZATION'S COMMITTEE OVERSEES THE AUDIT OF ITS FINANCIAL STATEMENTS HAS NOT CHANGED SINCE THE PRIOR YEAR.