2018-11-13T18:00:46-06:00 2017-12-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2017-01-01 381524350 Credit Unions Chartered in the State of Michigan 4 Front Credit Union CRED 2319292000 101 North Park Street Traverse City MI 49684 David Leusink CEO 2018-11-13 true NICOLE BENCIK P00756195 3128997000 2017 2019-02-21 02:37:17Z X 4 Front Credit Union Andrew Kempf 101 North Park Street Traverse City MI 49684 67462562 false X www.4frontcu.com X 1954 MI To provide financial services to members with a common bond. 11 11 231 11 68620 22024 0 23109460 26348278 1976455 1725010 155067 163658 25240982 28236946 0 0 8840652 9800821 0 0 12368243 14467375 21208895 24268196 4032087 3968750 458969484 488650887 408738972 434541083 50230512 54109804 To provide financial services to members with a common bond. false false The Credit Union provides several deposit account types to members including savings, checking, certificates of deposits and others. the total number of members at 12/31/17 was 73,284. The credit union provides a variety of loans to members including real estate, credit card, vehicle and others. The total number of loans outstanding at 12/31/17 was 41,035. 0 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 8605 0 true 231 true true true false false false false false X 11 11 false false false false true true true true true false false false true true false false true true true false X Amy E Essex 2315473943 101 North Park Street Traverse City MI 49684 X Larry Fay Director 1.0 X 0 0 0 Walt Coyle Director 1.0 X 0 0 0 John Elzinga Director 1.0 X 0 0 0 Charles Hague Director 1.0 X 0 0 0 Peggy Harold Director 1.0 X 0 0 0 James Hoffman Director 1.0 X 0 0 0 Julie Kosloskey Director 1.0 X 0 0 0 Sandra Lepage Director (Partial Year) 1.0 X 0 0 0 Tom Wolf Director (Partial Year) 1.0 X 0 0 0 Todd Rohrback Chairman 1.0 X 0 0 0 Michael Slater Vice Chairman 1.0 X 0 0 0 Brian Ausdemore Treasurer 1.0 X 0 0 0 Bryan Lindfors Secretary 1.0 X 0 0 0 David Leusink CEO 40.0 X 284524 0 41993 Andrew Kempf President 40.0 X 229364 0 37254 George Streit VP Commercial Lending 40.0 X 138185 0 27918 Timothy Timmer VP Commercial Services 40.0 X 107483 0 12437 Amy Essex VP Finance 40.0 X 105278 0 17847 Shelley DeYoung VP Human Resources 40.0 X 103345 0 7779 Debra Seelye VP Information Technology 40.0 X 101428 0 17584 1069607 0 162812 7 false true false DEI INCORPORATED 1550 KEMPER MEADOW DRIVE CINCINNATI OH 45240 Construction contractors 920000 EDGE ONE 161 BUSINESS PARK CIRCLE STOUGHTON WI 53589 ATM/ITM Maintenance 663601 JACK HENRY AND ASSOCIATES PO BOX 609 MONETT MO 65708 employee/member services 539376 Q2 SOFTWARE PO BOX 205970 DALLAS TX 753205970 ONLINE BANKING 406888 IDSCOM 747 E WHITCOMB AVE MADISON HEIGHTS MI 48071 PRODUCTIONS SERVICES: MEMBER STATEMENTS/E-STATEMENTS 296565 21 0 interest on loans 522100 18710325 18710325 other prog serv revenue 522100 4195888 4195888 fees & charges 522100 3442065 3442065 0 0 0 0 26348278 1548689 1548689 0 0 38557268 844669 38362906 862710 194362 -18041 176321 176321 other 525990 70960 70960 nonmember atm fees 525990 68620 68620 insurance reimbursement 524298 24078 24078 0 0 0 0 163658 28236946 26443316 68620 1725010 593135 7112309 267354 1193305 634718 54219 578355 0 0 0 648450 2123629 177283 842800 35887 99076 1230749 34616 1726031 224277 debit/credit expenses 2216315 loan servicing 1340639 provision for loan loss 1782516 maintenance 809268 543265 0 0 0 24268196 0 0 0 5854196 7732094 -144494 4309534 1458004 2473758 0 5780432 0 336270956 367217182 452907 615998 18406183 0 17430474 18406183 79714655 62255261 2975274 3288076 0 2671712 2337748 12285800 14234621 458969484 488650887 3816912 6104590 0 6562000 6000000 398360060 422436493 408738972 434541083 X 50230512 54109804 50230512 54109804 458969484 488650887 3968750 -89458 0 X false true X true false 4411048 4411048 8958454 8958454 3308270 3308270 1728411 1728411 18406183 REGULAR SHARES 141405816 CHECKING 94297483 MONEY MARKET SHARES 110804359 SHARE CERTIFICATES 39487087 IRA ACCOUNTS 25879028 ALL OTHER SHARES 10562720 422436493 X 28147488 -89458 0 -89458 28236946 0 0 28236946 24268196 0 0 24268196 0 0 24268196 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. MANY STATES HAVE SIMILAR LAWS. THE SPECIFIC APPLICATION OF SECTION 512 TO THE VARIOUS ACTIVITIES CONDUCTED BY STATE-CHARTERED CREDIT UNIONS HAS BEEN AN ISSUE FOR MANY YEARS. THE INTERNAL REVENUE SERVICE ("IRS") ISSUED A SERIES OF TECHNICAL ADVICE MEMORANDA ("TAM") TO A NUMBER OF STATE CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN THESE TAMS, THE IRS RULED CERTAIN PRODUCTS AND SERVICES TO BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN LIGHT OF THE TAMS, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS. THE CREDIT UNION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES AND OPEN TAX PERIODS INCLUDE 2014-2017. X X X X false false false David Leusink CEO 256670 0 25499 0 2355 0 28039 0 13954 0 326517 0 0 0 Andrew Kempf President 208301 0 18558 0 2505 0 24086 0 13168 0 266618 0 0 0 George Streit VP Commercial Lending 81101 0 56944 0 140 0 15876 0 12042 0 166103 0 0 0 David Leusink CEO Split Dollar Plan Premium X 3700000 3852973 false true true Andrew Kempf President Split Dollar Plan Premium X 1850000 1927459 false true true 5780432 Form 990, Part VI, Line 6 Classes of members or stockholders The credit union has a single class of members with equal rights of ownership, governance and voting. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Members vote and elect board members at the annual meeting Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders 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, Line 11b Review of form 990 by governing body Management reviews the tax returns and forwards US Form 8879-EO to the tax preparer. Form 990, Part VI, Line 15a Process to establish compensation of top management official The CEO receives a performance appraisal from the entire board and then the compensation committee makes a recommendation to the board for compensation based on the results of the appraisal. Wage ranges are set based on compensable factors using Compease (a company that looks at national, regional, state and area compensation surveys). This process takes place annually, and is documented in Compensation Committee minutes. Results are reported to the board, but the details are in the Compensation Committee minutes. Form 990, Part VI, Line 15b Process to establish compensation of other employees The President receives a performance appraisal from the entire board and then the compensation committee makes a recommendation to the board for compensation based on the results of the appraisal. Wage ranges are set based on compensable factors using Compease (a company that looks at national, regional, state and area compensation surveys). For other officers and key employees- performance appraisals are conducted by either the President or the CEO with compensation levels also set using Compease. This process takes place annually, and is documented in Compensation Committee minutes. Results are reported to the board, but the details are in the Compensation Committee minutes. Form 990, Part VI, Line 19 Required documents available to the public Monthly financials are available upon request at credit union offices. Other governing documents are available for review upon request at 101 N. Park St., Traverse City, MI. Form 990, Part XII, Line 2c Committee for oversight of audit The credit union's financial statement audit is performed by independent accountants for the twelve-months ended March 31. There are no revenue/expense items that are included in the audited financial that would not be reported in Form 990. 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. Form 990, Part VI, Section B, Line 12a Conflict of Interest Policy For employees - the Conflict of Interest language is included in Employee Handbook which each new employee must read and sign acknowledge that they understand they must comply. The Board of Directors sign a conflict of interest policy when they first become a board member. The policy states that they must report any conflicts of interest.