FURP.ORG / PUBLIC DATA EXPLORER

CREDIT UNIONS CHARTERED BY THE STATE OF MICHIGAN: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
CREDIT UNIONS CHARTERED BY THE STATE OF MICHIGAN (EIN 38-0960035)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-11-15
IRS object ID
201623209349306647
Schema version
2015v2.1
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

FieldValueIRS element (for citing)
Return2016-11-15T11:55:51-06:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN382492570PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DOEREN MAYHEWBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1305 WEST BIG BEAVER ROADAddressLine1Txt
CityTROYCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48084ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN380960035EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CREDIT UNION CHARTERED IN THE STATE OFBusinessNameLine1Txt
Business Name Line2COMMUNITY CHOICE CREDIT UNIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCREDBusinessNameControlTxt
Phone8772432528PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line131155 NORTHWESTERN HIGHWAYAddressLine1Txt
CityFARMINGTON HILLSCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48334ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT BAVAPersonNm
Person TitleCEOPersonTitleTxt
Phone8772432528PhoneNum
Signature2016-11-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOSEPH ZITO CPAPreparerPersonNm
PTINP00648440PTIN
Phone2482443000PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerROBERT BAVAPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line131155 NORTHWESTERN HWYAddressLine1Txt
CityFARMINGTON HILLSCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48334ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$66,709,717GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Group Exemption1359GroupExemptionNum
Organization501cYes (X)Organization501cInd
Website AddressWWW.COMMUNITYCHOICECU.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1935FormationYr
Legal Domicile StateMILegalDomicileStateCd
Activity Or MissionCOMMUNITY CHOICE CREDIT UNION IS A MEMBER OWNED, NOT-FOR-PROFIT FINANCIAL COOPERATIVE COMMITTED TO SERVING AS A TRUSTED ADVISOR TO OUR MEMBERS. WE ARE DEDICATED TO IMPROVING THE FINANCIAL LIVES OF OUR MEMBERS AND QUALITY OF LIFE FOR THE COMMUNITIES WE SERVE IN MICHIGAN.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee306TotalEmployeeCnt
Total Volunteers7TotalVolunteersCnt
Total Gross UBI$607,777TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$169,715NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$26,999,390PYProgramServiceRevenueAmt
CY Program Service Revenue$31,809,510CYProgramServiceRevenueAmt
PY Investment Income$1,163,095PYInvestmentIncomeAmt
CY Investment Income$1,699,309CYInvestmentIncomeAmt
PY Other Revenue$1,204,693PYOtherRevenueAmt
CY Other Revenue$3,087,562CYOtherRevenueAmt
PY Total Revenue$29,367,178PYTotalRevenueAmt
CY Total Revenue$36,596,381CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$12,606,155PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$16,129,349CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$14,054,442PYOtherExpensesAmt
CY Other Expenses$17,913,569CYOtherExpensesAmt
PY Total Expenses$26,660,597PYTotalExpensesAmt
CY Total Expenses$34,042,918CYTotalExpensesAmt
PY Revenues Less Expenses$2,706,581PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,553,463CYRevenuesLessExpensesAmt
Total Assets BOY$529,870,943TotalAssetsBOYAmt
Total Assets EOY$736,654,004TotalAssetsEOYAmt
Total Liabilities BOY$472,685,432TotalLiabilitiesBOYAmt
Total Liabilities EOY$665,682,670TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$57,185,511NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$70,971,334NetAssetsOrFundBalancesEOYAmt
MissionTO MAXIMIZE STAKEHOLDER VALUE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescLOANSDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescDEPOSIT ACCOUNTSDesc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescDEBIT CARD SERVICESDesc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org MemYes (1)BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer EntYes (1)BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document27519IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee306EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonKELLI WISNER-FRANKPersonNm
Phone8772432528PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line131155 NORTHWESTERN HWYAddressLine1Txt
CityFARMINGTON HILLSCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48334ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
ROBERT BIGA
SECRETARY1.00Yes (X)Yes (X)$0$0$0
BRIAN WILSON
VICE CHAIRPERSON1.00Yes (X)Yes (X)$0$0$0
MARY MIKO
DIRECTOR1.00Yes (X)$0$0$0
MARTHA SCHULTZ
TREASURER1.00Yes (X)Yes (X)$0$0$0
GARY KLOTZ
CHAIRPERSON1.00Yes (X)Yes (X)$0$0$0
THOMAS COOK
DIRECTOR1.00Yes (X)$0$0$0
MARY KATHERINE BONUTTI
DIRECTOR1.00Yes (X)$0$0$0
ROBERT BAVA
CEO40.00Yes (X)$472,678$0$17,345
PHILIP COOPER LEFT 042015
EXECUTIVE VP/COO40.00Yes (X)$290,020$0$5,347
KELLI WISNER-FRANK
CFO40.00Yes (X)$142,050$0$4,768
DANIEL MUNRO
CIO40.00Yes (X)$221,664$0$11,639
ALAN BERGSTROM
CMO40.00Yes (X)$175,621$0$5,154
WENDI DIACONO
FINANCIAL PLANNER40.00$162,090$0$6,444Yes (X)
TERESA MAYER
VP LENDING40.00$144,552$0$5,336Yes (X)
DONNA SIEJUTT
VP HUMAN RESOURCES40.00$134,174$0$4,584Yes (X)
SUSAN SETERA
VP OF OPERATIONS40.00$134,733$0$4,549Yes (X)
TRACY PAOLUCCI-CAMERON
VP OF RETAIL DELIVERY40.00$136,163$0$6,667Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,013,745TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$71,833TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K16IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
SMZ
PO BOX 72552CLEVELANDOH44192MARKETING SERVICES$999,843
DIEBOLD
PO BOX 643543PITTSBURGHPA152643543ATM EQUIPMENT, MAINTENANCE SERVICES$580,503
IDSCOM
747 E WHITCOMBMADISON HEIGHTSMI48071PRINTING & MAILING$269,224
HOLZMAN CORKERY PLLC
28366 FRANKLIN ROADSOUTHFIELDMI480345503LEGAL & RECOVERY SERVICES$253,508
SAA-ARCHITECTS
214 S BROADWAY ST STE 110LAKE ORIONMI48362REMODELING SERVICES$136,291
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K7CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBER LOANS522100$22,661,753$22,661,753
FEE INCOME522100$9,147,757$9,147,757
FieldValueIRS element (for citing)
Total Program Service Revenue$31,809,510TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,736,384TotalRevenueColumnAmt
Exclusion$1,736,384ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$29,651,228SecuritiesAmt
Other$425,033OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$29,650,305SecuritiesAmt
Other$463,031OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$923SecuritiesAmt
Other-$37,998OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$37,075TotalRevenueColumnAmt
Exclusion-$37,075ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
GAIN FROM CUSO522100$1,309,952$1,309,952
GAIN ON BARGAIN PURCHASE ACQUISIT522100$1,169,833$1,169,833
FINANCIAL SERVICES INCOME525990$459,518$459,518

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$148,259TotalRevenueColumnAmt
Unrelated Business Revenue$148,259UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Other Revenue Total$3,087,562OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$36,596,381TotalRevenueColumnAmt
Related Or Exempt Func Income$34,289,295RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$607,777UnrelatedBusinessRevenueAmt
Exclusion$1,699,309ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,346,286TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$11,570,023TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$294,920TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,892,352TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,025,768TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$326,545TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$113,148TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$643,706TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,806,444TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,580,031TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,445,742TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$100,689TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$180,597TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,555,525TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$167,624TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
CREDIT/DEBIT CARD EXPEN$1,992,527
LOAN SERVICING FEES$1,563,947
DATA PROCESSING$1,550,658
PROVISION FOR LOAN LOSS$1,133,188

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,753,198TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$34,042,918TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$7,212,045BOYAmt
EOY$12,549,742EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$20,524,114BOYAmt
EOY$54,182,714EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,661,545BOYAmt
EOY$5,493,534EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$422,926,008BOYAmt
EOY$561,313,085EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$764,623BOYAmt
EOY$1,338,627EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$43,456,042LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$15,692,780LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$19,918,261BOYAmt
EOY$27,763,262EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$31,809,368BOYAmt
EOY$46,287,329EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$22,054,979BOYAmt
EOY$27,725,711EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$529,870,943BOYAmt
EOY$736,654,004EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$4,693,716BOYAmt
EOY$7,448,199EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$5,995,000BOYAmt
EOY$35,413,792EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$461,996,716BOYAmt
EOY$622,820,679EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$472,685,432BOYAmt
EOY$665,682,670EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$57,185,511BOYAmt
EOY$70,971,334EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$57,185,511BOYAmt
EOY$70,971,334EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$529,870,943BOYAmt
EOY$736,654,004EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$2,553,463ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$198,124NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$11,430,484OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,791,942OtherCostOrOtherBasisAmt
Book Value$6,791,942BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$23,120,055OtherCostOrOtherBasisAmt
Depreciation$7,705,778DepreciationAmt
Book Value$15,414,277BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$10,701,913OtherCostOrOtherBasisAmt
Depreciation$7,987,002DepreciationAmt
Book Value$2,714,911BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,842,132OtherCostOrOtherBasisAmt
Book Value$2,842,132BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$27,763,262TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescINVESTMENTS - AVAILABLE FOR SALEDesc
Book Value$46,287,329BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$46,287,329TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMEMBER SHARESDesc
Amt$622,820,679Amt
FieldValueIRS element (for citing)
Total Liability$622,820,679TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$36,634,379TotalRevEtcAuditedFinclStmtAmt
Other Revenue$37,998OtherRevenueAmt
Revenue Not Reported$37,998RevenueNotReportedAmt
Revenue Subtotal$36,596,381RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$36,596,381TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$34,080,916TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$37,998OtherExpensesIncludedAmt
Expenses Not Reported$37,998ExpensesNotReportedAmt
Expenses Subtotal$34,042,918ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$34,042,918TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:INCOME TAXES THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. 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. IN 2007, 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 OPEN AUDIT PERIOD IS FOR THE FIVE YEAR PERIOD ENDED DECEMBER 31, 2015 (2012-2015).
PART XI, LINE 2D - OTHER ADJUSTMENTS:LOSS ON OREO 37,998.
PART XII, LINE 2D - OTHER ADJUSTMENTS:LOSS ON OREO 37,998.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
ROBERT BAVA
CEO$392,394$0$80,284$0$0$0$7,950$0$9,395$0$490,023$0$0$0
PHILIP COOPER LEFT 042015
EXECUTIVE VP/COO$248,707$0$41,313$0$0$0$3,555$0$1,792$0$295,367$0$0$0
DANIEL MUNRO
CIO$189,037$0$32,627$0$0$0$6,264$0$5,375$0$233,303$0$0$0
ALAN BERGSTROM
CMO$165,200$0$10,421$0$0$0$4,194$0$960$0$180,775$0$0$0
WENDI DIACONO
FINANCIAL PLANNER$41,250$0$120,840$0$0$0$4,971$0$1,473$0$168,534$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 4BFormAndLineReferenceDesc
ExplanationOPENED A 457F PLAN FOR ROBERT BAVA IN 2015. THERE WERE NO CONTRIBUTIONS OR DISTRIBUTIONS FOR THE CURRENT YEAR.ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
THOMAS COOK
DIRECTOR/OWNER OF TEAM FACILITIES$166,091THOMAS COOK OWNS A FACILITIES COMPANY THAT HANDLES ALL OF THE CREDIT UNION FACILITY NEEDS FOR ALL LOCATIONS (LAWN SERVICE, OFFICE CLEANING, HEATING/COOLING, ETC.).0
ROBERT BAVA
BOARD MEMBER OF SALUS GROUP BENEFITS$10,221ROBERT BAVA WAS A BOARD MEMBER OF SALUS GROUP BENEFITS WHICH PROVIDES BENEFITS TO EMPLOYEES OF COMMUNITY CHOICE CREDIT UNION.0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6ANY INDIVIDUAL THAT HAS AN ACCOUNT WITH THE CREDIT UNION IS A MEMBER OF THE CREDIT UNION.
FORM 990, PART VI, SECTION A, LINE 7AEACH MEMBER IS GIVEN ONE VOTE AND IS ABLE TO VOTE FOR THE GOVERNING BODY AT THE ANNUAL MEETING.
FORM 990, PART VI, SECTION A, LINE 7BMAJOR DECISIONS MADE BY THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS, STOCKHOLDERS, OR OTHER PERSONS; HOWEVER, DAY TO DAY DECISIONS ARE NOT SUBJECT TO APPROVAL.
FORM 990, PART VI, SECTION B, LINE 11A COPY OF FORM 990 WILL NOT BE PROVIDED TO THE ORGANIZATION'S GOVERNING BODY PRIOR TO IT BEING FILED.
FORM 990, PART VI, SECTION B, LINE 12CANNUALLY, EACH MEMBER OF THE BOARD OF DIRECTORS, MANAGEMENT, AND TEAM MEMBERS MUST BE TRAINED, REVIEW, AND SIGN OFF ON A CONFLICT OF INTEREST STATEMENT LISTING ANY POTENTIAL CONFLICTS. IF A POTENTIAL CONFLICT IS LISTED OR FOUND, EACH IS REVIEWED ON A CASE BY CASE BASIS. ANY CONFLICTS THAT ARE FOUND ARE DEALT WITH IMMEDIATELY.
FORM 990, PART VI, SECTION B, LINE 15THE CREDIT UNION USES A THIRD PARTY VENDOR, COMPEASE, THROUGH HRN MANAGEMENT GROUP TO ASSESS AND EVALUATE EVERY POSITION IN THE ORGANIZATION. COMPEASE, DEVELOPED BY KOKER GOODWIN AND ASSOCIATES, IS SALARY ADMINISTRATION SOFTWARE THAT HELPS DEVELOP AND MAINTAIN COMPETITIVE PAY RATES AND IMPROVE EMPLOYEE PERFORMANCE.
FORM 990, PART VI, SECTION C, LINE 19THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST ONLY.
FORM 990, PART XI, LINE 9:EQUITY ACQUIRED IN BUSINESS COMBINATION 11,641,181. PENSION PLAN AMORTIZATION -210,697.
FORM 990, PART XII, LINE 2C:THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
FORM 990, PART IV, LINE 28C:ROBERT BAVA IS ON THE BOARD OF DIRECTORS OF THE FOLLOWING CREDIT UNION SERVICE ORGANIZATIONS: MEMBER DRIVEN TECHNOLOGIES MEMBER FIRST MORTGAGE SALUS GROUP BENEFITS KELLI WISNER-FRANK IS ON THE BOARD OF DIRECTORS FOR COMMERCIAL ALLIANCE.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1COMMUNITY CHOICE FOUNDATION INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line131155 NORTHWESTERN HIGHWAYAddressLine1Txt
CityFARMINGTON HILLSCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48334ZIPCd
FieldValueIRS element (for citing)
EIN263891535EIN
Primary ActivitiesPUBLIC CHARITYPrimaryActivitiesTxt
Legal Domicile StateMILegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity Status7PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1COMMUNITY CHOICE CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
COMMUNITY CHOICE FOUNDATION
B$85,000CASH
COMMUNITY CHOICE FOUNDATION
O$72,184CASH
COMMUNITY CHOICE FOUNDATION
P$33,771CASH