CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (EIN 38-1447620)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-15
- IRS object ID
- 201903199349317530
- Schema version
- 2018v3.1
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-11-15T18:32:46-06:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 350921680 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 West Wacker Drive Suite 2600 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 606061224 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 381447620 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Community Financial Credit Union | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | COMM | BusinessNameControlTxt |
| Phone | 7344531200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8050 | AddressLine1Txt |
| City | PLYMOUTH | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 481708050 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Margaret Pankow | PersonNm |
| Person Title | SENIOR VICE PRESIDENT/CFO | PersonTitleTxt |
| Signature | 2019-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Danielle Tewes | PreparerPersonNm |
| PTIN | P01327423 | PTIN |
| Phone | 3128997000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-03-31 21:24:44Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAM LAWTON | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8050 | AddressLine1Txt |
| City | PLYMOUTH | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 481708050 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $48,432,169 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.CFCU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2012 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or Mission | Community Financial Credit Union is a state chartered, not-for-profit, full-service financial institution owned and governed by its membership. At Community Financial, we are committed to our members and our communities. For over 65 years, we've provided our Michigan members competitively-priced savings & loans products, outstanding service and support to their neighborhoods. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 311 | TotalEmployeeCnt |
| Total Volunteers | 13 | TotalVolunteersCnt |
| Total Gross UBI | $59,880 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $35,643 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $37,062,513 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $41,460,505 | CYProgramServiceRevenueAmt |
| PY Investment Income | $378,100 | PYInvestmentIncomeAmt |
| CY Investment Income | $675,477 | CYInvestmentIncomeAmt |
| PY Other Revenue | $5,873,914 | PYOtherRevenueAmt |
| CY Other Revenue | $6,296,187 | CYOtherRevenueAmt |
| PY Total Revenue | $43,314,527 | PYTotalRevenueAmt |
| CY Total Revenue | $48,432,169 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $21,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $324,814 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $18,608,483 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $20,785,866 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $15,765,259 | PYOtherExpensesAmt |
| CY Other Expenses | $18,671,239 | CYOtherExpensesAmt |
| PY Total Expenses | $34,394,742 | PYTotalExpensesAmt |
| CY Total Expenses | $39,781,919 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $8,919,785 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $8,650,250 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $856,824,004 | TotalAssetsBOYAmt |
| Total Assets EOY | $932,017,676 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $752,589,695 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $819,147,216 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $104,234,309 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $112,870,460 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Community Financial Credit Union is a state chartered, not-for-profit, full-service financial institution owned and governed by its membership. At Community Financial, we are committed to our members and our communities. For over 65 years, we've provided our Michigan members competitively-priced savings & loans products, outstanding service and support to their neighborhoods. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | PROMOTE THRIFT TO 73,059 MEMBERS BY OFFERING COMPETITIVELY-PRICED SAVINGS & LOANS PRODUCTS AS WELL AS OTHER FINANCIAL PRODUCTS. | Desc |
| Total Program Service Expenses | $0 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 15304 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 311 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARGARET PANKOW | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7345828820 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8050 | AddressLine1Txt |
| City | PLYMOUTH | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 481708050 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| DON BAIN | |||||||
| BOARD CHAIR | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| TERESA FOLINO | |||||||
| 1ST VICE CHAIRPERSON | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DEB RONAYNE | |||||||
| 2ND VICE CHAIRPERSON | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DAN HERRIMAN | |||||||
| SECRETARY/TREASURER | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| PAUL BEDICH | |||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| AL BERRIE | |||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| RON METEYER | |||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| Mark RIEGAL | |||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| ADI SATHI | |||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM LAWTON | |||||||
| CEO | 40.0 | Yes (X) | $451,618 | $0 | $110,930 | ||
| MARGARET PANKOW | |||||||
| CFO | 40.0 | Yes (X) | $309,621 | $0 | $55,452 | ||
| RANDY PENNER | |||||||
| CHIEF MARKETING & SALES OFFICER | 40.0 | Yes (X) | $263,941 | $0 | $50,331 | ||
| ART BEARD | |||||||
| CHIEF IT OFFICER | 40.0 | Yes (X) | $247,999 | $0 | $43,254 | ||
| JILL JOHNSON | |||||||
| CHIEF LENDING OFFICER | 40.0 | Yes (X) | $217,094 | $0 | $49,609 | ||
| CATHY MEYERS | |||||||
| CHIEF HUMAN RESOURCES OFFICER | 40.0 | Yes (X) | $215,102 | $0 | $70,570 | ||
| ERIC ESSER | |||||||
| CHIEF MORTGAGE OFFICER | 40.0 | Yes (X) | $191,798 | $0 | $58,040 | ||
| CHRIS CURRY | |||||||
| CHIEF EMERGING RISK OFFICER | 40.0 | Yes (X) | $165,942 | $0 | $58,101 | ||
| WARREN Musson | |||||||
| VP BUSINESS SERVICES | 40.0 | $368,594 | $0 | $30,795 | Yes (X) | ||
| JAMES POTTER | |||||||
| INVESTMENT REPRESENTATIVE | 40.0 | $160,328 | $0 | $12,295 | Yes (X) | ||
| DIANE KENNY | |||||||
| VP SALES | 40.0 | $159,998 | $0 | $13,403 | Yes (X) | ||
| THOMAS VARGO | |||||||
| MANAGER/CORE OPERATIONS | 40.0 | $157,309 | $0 | $15,371 | Yes (X) | ||
| DAVID HEFFNER | |||||||
| VP LENDING | 40.0 | $141,515 | $0 | $18,671 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,050,859 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $586,822 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 21 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line2ContractorAddress/USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|
| CO-OP | ||||||
| 1500 NW 118TH STREET | DES MOINES | IA | 50325 | CARD PROCESSOR | $1,480,453 | |
| THE CASE GROUP | ||||||
| 28175 HAGGERTY ROAD | NOVI | MI | 48377 | CONSTRUCTION | $1,085,965 | |
| MASTERCARD | ||||||
| 2000 PURCHASE STREET | PURCHASE | NY | 10577 | CREDIT CARD BRAND | $787,621 | |
| ADAPT TELEPHONY SERVICES LLC | ||||||
| 600 ENTERPRISE DRIVE | OAKBROOK | IL | 60523 | TELEPHONE SYSTEM | $511,574 | SUITE 204 |
| SHAW CONSTRUCTION AND MANAGEMENT COMPANY | ||||||
| 13980 FARMINGTON RD | LIVONIA | MI | 48154 | CONSTRUCTION AND MAINTENANCE SERVICES | $507,884 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 21 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| MEMBER LOAN INCOME | 522100 | $36,825,813 | $36,825,813 | |
| FEE INCOME | 522100 | $4,634,692 | $4,576,312 | $58,380 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $41,460,505 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $675,477 | TotalRevenueColumnAmt |
| Exclusion | $675,477 | ExclusionAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTERCHANGE INCOME | 900099 | $4,184,194 | $4,184,194 |
| SALE OF LOANS | 900099 | $475,435 | $475,435 |
| INVESTMENT & INSURANCE INCOME | 900099 | $670,409 | $670,409 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $966,149 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $964,649 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,500 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $6,296,187 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $48,432,169 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $47,696,812 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $59,880 | UnrelatedBusinessRevenueAmt |
| Exclusion | $675,477 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $302,014 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,800 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,214,584 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,766,828 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $925,515 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,558,849 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,320,090 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,216 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,468 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,377,002 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,060,705 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,577,888 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $753,431 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,123,265 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $624,542 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $253,151 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Lending | $2,311,149 |
| Provision Expense | $2,231,401 |
| NCUA FEES | $174,392 |
| Loss on Disposal | $48,629 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,781,919 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,136,450 | BOYAmt |
| EOY | $4,365,736 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $3,072,584 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $790,727,361 | BOYAmt |
| EOY | $861,487,694 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $30,171,706 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $12,702,936 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,139,717 | BOYAmt |
| EOY | $17,468,770 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,967,556 | BOYAmt |
| EOY | $38,769,408 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,852,920 | BOYAmt |
| EOY | $6,853,484 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $856,824,004 | BOYAmt |
| EOY | $932,017,676 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,395,869 | BOYAmt |
| EOY | $9,800,009 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,380,721 | BOYAmt |
| EOY | $2,673,506 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $738,813,105 | BOYAmt |
| EOY | $806,673,701 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $752,589,695 | BOYAmt |
| EOY | $819,147,216 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,234,309 | BOYAmt |
| EOY | $112,870,460 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,234,309 | BOYAmt |
| EOY | $112,870,460 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $856,824,004 | BOYAmt |
| EOY | $932,017,676 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $8,650,250 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$33,554 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | $19,455 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | 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 (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,074,618 | OtherCostOrOtherBasisAmt |
| Book Value | $5,074,618 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,304,760 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,938,850 | DepreciationAmt |
| Book Value | $9,365,910 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,191,973 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,764,086 | DepreciationAmt |
| Book Value | $1,427,887 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,600,355 | OtherCostOrOtherBasisAmt |
| Book Value | $1,600,355 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $17,468,770 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| BORROWINGS | $88,000,000 |
| MEMBER SAVINGS | $155,222,442 |
| CHECKING | $178,017,199 |
| OTHER SAVINGS | $37,904,413 |
| MONEY MARKET | $151,352,370 |
| CERTIFICATES | $196,177,277 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $806,673,701 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $48,398,615 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$33,554 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $0 | OtherRevenueAmt |
| Revenue Not Reported | -$33,554 | RevenueNotReportedAmt |
| Revenue Subtotal | $48,432,169 | RevenueSubtotalAmt |
| Other Revenues Not Included | $0 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $48,432,169 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $39,781,919 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $0 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $39,781,919 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $0 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $39,781,919 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part IV, Line 2b Explanation of escrow agreement | THE ORGANIZATION MAINTAINS MEMBERS SHARES ESCROWS AND FHLBI AND FNMA INVESTOR ESCROWS. |
| Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | The Credit Union is exempt, under Internal Revenue Code (IRC) 501(c)(14), from federal and state income taxes. The Credit Union has filed tax returns in the past for activities it has deemed taxable and has a minimal net operating loss carryforward as of the 2018 calendar year. The taxing authorities have the ability to assess taxes, penalties, and interest for any years for which no tax return was filed. In the opinion of management, any liability resulting from taxing authorities imposing income taxes on the net taxable income from activities potentially deemed to be unrelated to the Credit Union's exempt purpose is not expected to have a material effect on the Credit Union's financial position or results of operations. The Credit Union evaluated its tax positions and determined no uncertain tax positions exist as of March 31, 2019. The Credit Union's 2015 through 2018 tax years are open for examination by federal and state taxing authorities. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| Heat and Warmth Fund | |||||||
| 535 Griswold St Ste 200 | Detroit | MI | 48226 | 382646924 | 501(c)(3) | $10,000 | General Support |
| The Salvation Army | |||||||
| 16130 Northland Dr | Southfield | MI | 48075 | 381370971 | 501(c)(3) | $22,500 | General Support |
| Plymouth Community United Way | |||||||
| 960 W Ann Arbor Trl Ste 2 | Plymouth | MI | 48170 | 237327248 | 501(c)(3) | $16,155 | General Support |
| Habitat for Humanity | |||||||
| 14325 Jane St | Detroit | MI | 48205 | 382708025 | 501(c)(3) | $6,000 | General Support |
| Gleaners Community Food Bank | |||||||
| 2131 Beaufait | Detroit | MI | 48207 | 382156255 | 501(c)(3) | $10,000 | General Support |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 5 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 19 | RecipientCnt |
| Cash Grant | $22,800 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. | FormAndLineReferenceDesc |
| Explanation | COMMUNITY FINANCIAL CREDIT UNION WILL MAKE THE SCHOLARSHIP PAYMENTS DIRECTLY TO THE RECEIVING COLLEGE OR UNIVERSITY AS ITS METHOD OF ENSURING THE GRANT FUNDS ARE USED IN ALIGNMENT WITH ITS PURPOSE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WILLIAM LAWTON | ||||||||||||||
| CEO | $364,202 | $0 | $65,280 | $0 | $22,136 | $0 | $91,959 | $0 | $18,971 | $0 | $562,548 | $0 | $0 | $0 |
| MARGARET PANKOW | ||||||||||||||
| CFO | $256,501 | $0 | $42,449 | $0 | $10,671 | $0 | $51,859 | $0 | $3,593 | $0 | $365,073 | $0 | $0 | $0 |
| RANDY PENNER | ||||||||||||||
| CHIEF MARKETING & SALES OFFICER | $221,967 | $0 | $32,607 | $0 | $9,367 | $0 | $44,076 | $0 | $6,255 | $0 | $314,272 | $0 | $0 | $0 |
| ART BEARD | ||||||||||||||
| CHIEF IT OFFICER | $194,255 | $0 | $31,584 | $0 | $22,160 | $0 | $43,254 | $0 | $0 | $0 | $291,253 | $0 | $0 | $0 |
| JILL JOHNSON | ||||||||||||||
| CHIEF LENDING OFFICER | $184,770 | $0 | $25,982 | $0 | $6,342 | $0 | $34,238 | $0 | $15,371 | $0 | $266,703 | $0 | $0 | $0 |
| CATHY MEYERS | ||||||||||||||
| CHIEF HUMAN RESOURCES OFFICER | $175,295 | $0 | $33,465 | $0 | $6,342 | $0 | $55,199 | $0 | $15,371 | $0 | $285,672 | $0 | $0 | $0 |
| ERIC ESSER | ||||||||||||||
| CHIEF MORTGAGE OFFICER | $162,219 | $0 | $23,237 | $0 | $6,342 | $0 | $42,669 | $0 | $15,371 | $0 | $249,838 | $0 | $0 | $0 |
| CHRIS CURRY | ||||||||||||||
| CHIEF EMERGING RISK OFFICER | $133,948 | $0 | $25,652 | $0 | $6,342 | $0 | $38,575 | $0 | $19,526 | $0 | $224,043 | $0 | $0 | $0 |
| WARREN Musson | ||||||||||||||
| VP BUSINESS SERVICES | $124,485 | $0 | $244,109 | $0 | $0 | $0 | $18,500 | $0 | $12,295 | $0 | $399,389 | $0 | $0 | $0 |
| JAMES POTTER | ||||||||||||||
| INVESTMENT REPRESENTATIVE | $160,328 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12,295 | $0 | $172,623 | $0 | $0 | $0 |
| DIANE KENNY | ||||||||||||||
| VP SALES | $142,896 | $0 | $17,102 | $0 | $0 | $0 | $7,178 | $0 | $6,225 | $0 | $173,401 | $0 | $0 | $0 |
| THOMAS VARGO | ||||||||||||||
| MANAGER/CORE OPERATIONS | $157,309 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15,371 | $0 | $172,680 | $0 | $0 | $0 |
| DAVID HEFFNER | ||||||||||||||
| VP LENDING | $141,515 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18,671 | $0 | $160,186 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan | FormAndLineReferenceDesc |
| Explanation | THE FOLLOWING INTERESTED PERSONS RECEIVED DEFERRALS TO THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2018: ART BEARD - $24,754 MARGARET PANKOW - $33,359 RANDY PENNER - $25,576 ERIC ESSER - $18,169 CATHY MEYERS - $26,254 WILLIAM LAWTON - $48,959 JILL JOHNSON - $20,309 CHRIS CURRY - $20,075 THE FOLLOWING INTERESTED PERSONS RECEIVED DISTRIBUTIONS FROM THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2018: ART BEARD - $15,818 MARGARET PANKOW - $4,329 RANDY PENNER - $3,125 WILLIAM LAWTON - $4,772 | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (16 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| ALBERT C BERRIE | |||||||
| Board Member | personal or business loan | Yes (X) | $345,218 | $345,218 | false | Yes (true) | Yes (true) |
| ARTHUR BEARD | |||||||
| CHIEF IT OFFICER | personal or business loan | Yes (X) | $741,978 | $741,978 | false | Yes (true) | Yes (true) |
| CATHY L MEYERS | |||||||
| CHIEF HUMAN RESOURCES OFFICER | personal or business loan | Yes (X) | $102,040 | $102,040 | false | Yes (true) | Yes (true) |
| CHRISTOPHER B CURRY | |||||||
| CHIEF EMERGING RISK OFFICER | personal or business loan | Yes (X) | $747 | $747 | false | Yes (true) | Yes (true) |
| DANIEL A HERRIMAN | |||||||
| Secretary/treasurer | personal or business loan | Yes (X) | $737 | $737 | false | Yes (true) | Yes (true) |
| DEBORAH RONAYNE | |||||||
| 2ND VICE CHAIRPERSON | personal or business loan | Yes (X) | $351,120 | $351,120 | false | Yes (true) | Yes (true) |
| DONALD BAIN | |||||||
| BOARD CHAIR | personal or business loan | Yes (X) | $1,696 | $1,696 | false | Yes (true) | Yes (true) |
| ERIC M ESSER | |||||||
| CHIEF MORTGAGE OFFICER | personal or business loan | Yes (X) | $382,223 | $382,223 | false | Yes (true) | Yes (true) |
| JILL M JOHNSON | |||||||
| CHIEF LENDING OFFICER | personal or business loan | Yes (X) | $284,114 | $284,114 | false | Yes (true) | Yes (true) |
| KYLE J PANKOW | |||||||
| Family member of interested person | personal or business loan | Yes (X) | $12,686 | $12,686 | false | Yes (true) | Yes (true) |
| MARGARET PANKOW | |||||||
| CFO | personal or business loan | Yes (X) | $345,558 | $345,558 | false | Yes (true) | Yes (true) |
| MARK C RIEGAL | |||||||
| Board Member | personal or business loan | Yes (X) | $30,000 | $30,000 | false | Yes (true) | Yes (true) |
| PAUL G BEDICH | |||||||
| Board Member | personal or business loan | Yes (X) | $24,674 | $24,674 | false | Yes (true) | Yes (true) |
| RANDOLPH H PENNER | |||||||
| CHIEF MARKETING & SALES OFFICER | personal or business loan | Yes (X) | $90,093 | $90,093 | false | Yes (true) | Yes (true) |
| THE RONAYNE TEAM INC | |||||||
| Entity more than 35% owned by board member | personal or business loan | Yes (X) | $16,241 | $16,241 | false | Yes (true) | Yes (true) |
| WILLIAM F LAWTON | |||||||
| CEO | personal or business loan | Yes (X) | $343,459 | $343,459 | false | Yes (true) | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $3,072,584 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part IV, Line 12a FINANCIAL STATEMENTS FOR THE TAX YEAR | THE AUDITED FINANCIALS USE A REGULATORY YEAR END OF MARCH 31. AN AUDIT WILL NEXT BE PERFORMED FOR THE MARCH 31, 2018 YEAR END. |
| Form 990, Part VI, Line 15 process for determining compensation | Every other year the credit union engages with D Hilton to have compensation grades repriced and evaluated. The last review was done in 2018. |
| Form 990, Part VI, Line 6 Classes of members or stockholders | Each account holder is a member of the credit union. |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | The members of the credit union vote on board member changes and charter changes. |
| Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders | The members of the credit union vote on board member changes and charter changes. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | The AVP of Electronic & Financial Solutions reviews both Form 990 and 990T prior to filing. |
| Form 990, Part VI, Line 12c Conflict of interest policy | THE ORGANIZATION'S OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST THEY MAY HAVE WITH THE ORGANIZATION. EACH SIGNED POLICY STATEMENT IS REVIEWED TO DETERMINE IF ANY CONFLICTS EXIST AND NEED TO BE BROUGHT TO THE ATTENTION OF THE BOARD. IF A CONFLICT ARISES, THE RESPECTIVE BOARD MEMBER WILL ABSTAIN FROM ANY RELATED DISCUSSION, VOTE, OR SIMILAR ACTION ON THE MATTER. |
| Form 990, Part VI, Line 19 Required documents available to the public | THE FINANCIALS ARE POSTED IN EACH BRANCH OFFICE, UPDATED MONTHLY. THE GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. |
| Form 990, Part VIII, Line 11d Other Miscellaneous Revenue | INC OTHER MISC - Total Revenue: 526323, Related or Exempt Function Revenue: 526323, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; INC MC INCENTIVE - Total Revenue: 144922, Related or Exempt Function Revenue: 144922, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; INC SVC ASSET AMORT FHLB - Total Revenue: -498145, Related or Exempt Function Revenue: -498145, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; INC LN SVC - Total Revenue: 761262, Related or Exempt Function Revenue: 761262, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; INC LRA - Total Revenue: 31787, Related or Exempt Function Revenue: 30287, Unrelated Business Revenue: 1500, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; |
Comments