2017-11-10T10:51:47-06:00 2016-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2016-01-01 381686050 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN CRED 2693829845 550 S RIVERVIEW DRIVE PARCHMENT MI 49004 JEFF FIELDER EVP OF FINANCE 8442384228 2017-11-10 1 DOUGLAS J ORTH P01076394 3052328272 40.141.134.7 2017-11-10 11:09:10 ES P 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 062293E64DF58CF8D35332F263D6456F83B37FCF 2016 2017-02-10 21:41:12Z ADVIA CREDIT UNION CHERYL DEBOER 550 S RIVERVIEW DRIVE PARCHMENT MI 49004 126827185 0 X WWW.ADVIACU.ORG X 1935 MI PROVIDE COMPETITIVE DEPOSIT AND LOAN PRODUCTS TO OUR MEMBERSHIP BASE. 7 7 590 10 307023 17563 0 0 56617094 66262384 5369448 4690438 3191684 2837259 65178226 73790081 0 0 0 0 21657027 24636361 0 0 0 32538348 37611201 54195375 62247562 10982851 11542519 1184075054 1347691760 1044831277 1197264593 139243777 150427167 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 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 40794 0 1 590 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JEFF FIELDER 2693829845 550 S RIVERVIEW DRIVE PARCHMENT MI 49004 MARTY DOORN CHAIRMAN/BOD 1.00 X 0 0 0 JULIE BIRMAN VICE CHAIR/BOD 1.00 X 0 0 0 DANIELLE STREED TREASURER/BOD 1.00 X 0 0 0 NICOLE KALMBACH SECRETARY/BOD 1.00 X 0 0 0 MIKE SEGAL DIRECTOR 1.00 X 0 0 0 DONNA KALMETA DIRECTOR 1.00 X 0 0 0 RICH SEIMN DORECTOR 1.00 X 0 0 0 CHERYL KONCSOL CEO 40.00 0.00 X 961346 0 38189 JEFFREY FIELDER EVP OF FINANCE 40.00 0.00 X 245682 0 27672 KRISTIN MARSCHNER EVP OF RISK 40.00 0.00 X 210323 0 17813 RAYMOND BLACK EVP OF SALES & MARKETING 40.00 0.00 X 208645 0 17353 LINDEN BUCK INDIRECT RELATIONSHIP MANAGER 40.00 0.00 X 363676 0 13582 1989672 0 114609 15 0 1 0 JAMES AND MATTHEW COMPANY 2 SHAKER RD STE D220 SHIRLEY MA 01464 MARKETING & PRINTING EXP 2189074 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 SOFTWARE PROVIDER 1788345 ARCA 1151 HOLMES RD MEBANE NC 27302 EUIP & SERVICE CONTRACTS 1372028 LENDING SOLUTIONS CONSULTING 2200 POINT BLVD ELGIN IL 60123 LENDING SERVICES 1085035 RIVER RUN PRESS 600 SHOPPERS LN PARCHMENT MI 49004 PRINTING SERVICES 920137 52 INCOME FROM LOANS 522100 45189626 45189626 FEES AND CHARGES 522100 13376983 13376983 INTERCHANGE INCOME 522100 7388752 7388752 UNRELATED BUSINESS INCOME 900099 307023 307023 66262384 4322710 4322710 53076350 328482 52611104 426000 465246 -97518 367728 367728 OTHER INCOME 522100 2224756 2224756 CUSO INVESTMENT 522100 612503 612503 2837259 73790081 73483058 307023 0 1727023 17578003 1575468 2488294 1267573 649095 585279 105825 39220 1872824 11710578 2814967 228269 386478 6478770 679952 241373 PROVISION FOR LOAN LOSS 6675734 ATM/DEBIT EXPENSE 2247124 LOAN SERVICING 2037569 OTHER OPERATING EXPENSE 858144 62247562 15087284 14580570 41750601 20489704 8050000 6850000 794793173 1063240775 1700577 2267322 34302903 11575866 21385994 22727037 230665167 145000317 45336468 39406453 8723463 10396585 16582327 22732997 1184075054 1347691760 13233991 13566094 42000000 60300000 989597286 1123398499 1044831277 1197264593 X 0 0 0 0 139243777 150427167 139243777 150427167 1184075054 1347691760 X 11542519 -492128 132999 X X 0 1 X 1 0 6806428 6806428 15769019 4568036 11200983 170838 165327 5511 11556618 6842503 4714115 22727037 SAVINGS AND CLUB 323350265 MONEY MARKET 351925676 SHARE DRAFT 223479597 CERTIFICATES 193506700 IRA CERTIFICATES 31136261 1123398499 X 73790081 0 73790081 0 73790081 62247562 0 62247562 0 62247562 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED 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 DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2015, 2014, AND 2013 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. 1 X X X X 0 1 0 CHERYL KONCSOL CEO 517114 0 170775 0 273457 0 15900 0 22289 0 999535 0 0 0 JEFFREY FIELDER EVP OF FINANCE 195584 0 46638 0 3460 0 11060 0 16612 0 273354 0 0 0 KRISTIN MARSCHNER EVP OF RISK 171141 0 38222 0 960 0 5239 0 12574 0 228136 0 0 0 RAYMOND BLACK EVP OF SALES & MARKETING 169645 0 38040 0 960 0 10160 0 7193 0 225998 0 0 0 LINDEN BUCK INDIRECT RELATIONSHIP MANAGER 57278 0 305438 0 960 0 3153 0 10429 0 377258 0 0 0 PART I, LINE 4B CERTAIN INDIVIDUALS FROM THE CREDIT UNION'S EXECUTIVE MANAGEMENT TEAM PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). DURING 2016 THE CREDIT UNION PAID OUT $270,070 IN RETIREMENT BENEFITS TO THE CEO. THIS PAYOUT IS INCLUDED IN THE CEO'S 2016 W-2 COMPENSATION. CHERYL DEBOER OFFICER TO FUND LIFE INSURANCE POLICY X 5400000 5400000 0 1 1 JEFF FIELDER OFFICER TO FUND LIFE INSURANCE POLICY X 1450000 1450000 0 1 1 6850000 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 FORM 990 IS PROVIDED TO THE SUPERVISORY COMMITTEE FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C 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 XI, LINE 9: UNREALIZED GAINS ON POST-RETIREMENT BENEFIT PLAN 132,999. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.