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

View the entire original 990 at ProPublica ↗

Organization: CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (EIN 38-1439120)
Tax period: 2015-01-01 to 2015-12-31
Filed: 2016-05-04
IRS object ID: 201631259349301363
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
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-05-04T12:29:45-05:00	ReturnTs
Tax Period End	2015-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	383635706	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	REHMANN ROBSON LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	224 E LARKIN ST STE 100	AddressLine1Txt
City	MIDLAND	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48640	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2015-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	381439120	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FINANCIAL PLUS CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FINA	BusinessNameControlTxt
Phone	8102442200	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 7006	AddressLine1Txt
City	FLINT	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48507	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	NATHAN E DAVIDSON	PersonNm
Person Title	VICE PRESIDENT - FINANCE	PersonTitleTxt
Phone	8102442927	PhoneNum
Signature	2016-04-26	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
PTIN	P00066715	PTIN
Phone	9896313131	PhoneNum
Preparation	2016-04-26	PreparationDt

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2016-09-27 15:27:22Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	NATHAN E DAVIDSON	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	G-3381 VAN SLYKE ROAD	AddressLine1Txt
City	FLINT	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48507	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$30,074,826	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.FINANCIALPLUSFCU.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1952	FormationYr
Legal Domicile State	MI	LegalDomicileStateCd
Activity Or Mission	COMMITMENT TO ENHANCING THE FINANCIAL WELL-BEING OF OUR MEMBERS! PASSION FOR SERVICE! DEDICATION TO ENRICHING THE COMMUNITIES WE SERVE!	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	203	TotalEmployeeCnt
Total Volunteers	13	TotalVolunteersCnt
Total Gross UBI	$120,867	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	-$47,919	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$23,830,433	PYProgramServiceRevenueAmt
CY Program Service Revenue	$24,182,364	CYProgramServiceRevenueAmt
PY Investment Income	$1,304,444	PYInvestmentIncomeAmt
CY Investment Income	$1,373,794	CYInvestmentIncomeAmt
PY Other Revenue	$784,797	PYOtherRevenueAmt
CY Other Revenue	-$16,535	CYOtherRevenueAmt
PY Total Revenue	$25,919,674	PYTotalRevenueAmt
CY Total Revenue	$25,539,623	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$8,968,247	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$9,463,972	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$13,240,911	PYOtherExpensesAmt
CY Other Expenses	$12,824,289	CYOtherExpensesAmt
PY Total Expenses	$22,209,158	PYTotalExpensesAmt
CY Total Expenses	$22,288,261	CYTotalExpensesAmt
PY Revenues Less Expenses	$3,710,516	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$3,251,362	CYRevenuesLessExpensesAmt
Total Assets BOY	$425,714,720	TotalAssetsBOYAmt
Total Assets EOY	$458,808,831	TotalAssetsEOYAmt
Total Liabilities BOY	$363,385,606	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$393,047,173	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$62,329,114	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$65,761,658	NetAssetsOrFundBalancesEOYAmt
Mission	COMMITMENT TO ENHANCING THE FINANCIAL WELL-BEING OF OUR MEMBERS! PASSION FOR SERVICE! DEDICATION TO ENRICHING THE COMMUNITIES WE SERVE!	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$22,288,261	ExpenseAmt
Desc	PROVIDE MEMBERS WITH REGULAR SHARES, SHARE DRAFTS, MONEY MARKET, CERTIFICATES AND IRA ACCOUNTS.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	PROVIDE LOANS INCLUDING CREDIT CARDS, REAL ESTATE, NEW AND USED MOTOR VEHICLE, AND UNSECURED.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Desc	OFFER ATM/DEBIT CARDS, CHECK CASHING, WIRE TRANSFERS, MONEY ORDERS, FINANCIAL COUNSELING AND EDUCATION, OVERDRAFT/COURTESY PAY SERVICES.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$22,288,261	TotalProgramServiceExpensesAmt
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
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	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	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
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	13	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	203	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
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	7	GoverningBodyVotingMembersCnt
Independent Voting Member	7	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	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
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	Yes (1)	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

Field	Value	IRS element (for citing)
Person	NATHAN DAVIDSON	PersonNm
Phone	8102442927	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1354 ROLLINS ST	AddressLine1Txt
City	GRAND BLANC	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48439	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
RON JANNSON
CHAIRMAN	1.00	Yes (X)	$0	$0	$0
BARNEY HENNESSY
VICE CHAIRMAN	1.00	Yes (X)	$0	$0	$0
HARVEY STEVENS
TREASURER	1.00	Yes (X)	$0	$0	$0
RUDY ARMSTRONG
SECRETARY	1.00	Yes (X)	$0	$0	$0
KIM JONES
DIRECTOR	1.00	Yes (X)	$0	$0	$0
DICK STARR
DIRECTOR	1.00	Yes (X)	$0	$0	$0
DIANA WEBB
DIRECTOR	1.00	Yes (X)	$0	$0	$0
BYRON MCCARTHY
AUDIT CHAIRMAN	1.00	Yes (X)	$0	$0	$0
CHARLIE KIRK
AUDIT COMMITTEE	1.00	Yes (X)	$0	$0	$0
EDWARD WHITE
AUDIT COMMITTEE	1.00	Yes (X)	$0	$0	$0
STEVEN SCHLICT
AUDIT COMMITTEE	1.00	Yes (X)	$0	$0	$0
CHARLES COTTERMAN
AUDIT COMMITTEE	1.00	Yes (X)	$0	$0	$0
JILL RENO
PRESIDENT & CEO	45.00		$254,425	$0	$37,781	Yes (X)
OLGA LONG
SENIOR VICE PRESIDENT	45.00		$119,816	$0	$26,036	Yes (X)
DEANNA WALLACE
VP OF HR & RETAIL OPERATIO	45.00		$115,199	$0	$23,730	Yes (X)
SUSAN HANKINS
VP OF IT & OPERATIONS	45.00		$102,632	$0	$22,484	Yes (X)
NATHAN DAVIDSON
VP OF FINANCE & ACCOUNTING	45.00		$99,226	$0	$24,011	Yes (X)
MICHAEL FURST
VP OF LENDING & COLLECTIONS	45.00		$77,315	$0	$4,362	Yes (X)
NATHAN ORANGE
COMMERCIAL LENDING MANAGER	45.00		$107,741	$0	$24,703		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$876,354	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$163,107	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
MEMBER DRIVEN TECHNOLOGIES
100 GALLERIA OFFICENTRE	SOUTHFIELD	MI	48034	CORE SYSTEM SERVICE PROVIDER	$986,354
CU COOPERATIVE SYSTEMS
9692 HAVEN AVENUE	RANCHO CUCAMONGA	CA	91730	CREDIT, DEBIT & ATM SERVICES	$692,754
HOLLIS MARKETING
2130 BRENNER	SAGINAW	MI	48602	MARKETING SERVICES	$309,653
INTELLIGENT DOCUMENT SOLUTIONS
747 E WHITCOMB AVE	MADISON HEIGHTS	MI	48071	PRINT SERVICE PROVIDER	$283,369
CDW DIRECT
1000 TOWN CENTER SUITE 1800	SOUTHFIELD	MI	48075	IT SERVICE PROVIDER	$135,557

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	5	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
LOAN INTEREST	522100	$15,072,589	$15,072,589
FEES & OPERATING INCOME	522100	$9,109,775	$8,988,908	$120,867

Field	Value	IRS element (for citing)
Total Program Service Revenue	$24,182,364	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,360,738	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,360,738	RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$3,895,161	SecuritiesAmt
Other	$163,265	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$3,890,000	SecuritiesAmt
Other	$155,370	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$5,161	SecuritiesAmt
Other	$7,895	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$13,056	TotalRevenueColumnAmt
Related Or Exempt Func Income	$13,056	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$464,743	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$489,833	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$25,090	TotalRevenueColumnAmt
Related Or Exempt Func Income	-$25,090	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	MISC. REVENUE	Desc
Business	900099	BusinessCd
Total Revenue Column	$8,555	TotalRevenueColumnAmt
Related Or Exempt Func Income	$8,555	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$8,555	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$25,539,623	TotalRevenueColumnAmt
Related Or Exempt Func Income	$25,418,756	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$120,867	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,039,463	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$5,937,136	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$577,437	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,288,341	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$621,595	TotalAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$107,743	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$38,715	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$80,266	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$6,405	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$208,275	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$1,270,632	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,496,714	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,194,127	TotalAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$388,053	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$68,445	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$54,289	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,021,398	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,090,312	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
LOAN SERVICING	$1,781,947
PROVISION FOR LOAN LOSS	$1,392,837
CREDIT CARD EXPENSES	$805,625
REPAIRS & MAINTENANCE	$629,057

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$189,449	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$22,288,261	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$12,065,252	BOYAmt
EOY	$15,580,286	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$554,672	BOYAmt
EOY	$168,993	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$280,019,481	BOYAmt
EOY	$299,138,774	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$176,021	BOYAmt
EOY	$219,584	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$601,547	BOYAmt
EOY	$676,154	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$24,563,815	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$11,966,345	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$12,057,438	BOYAmt
EOY	$12,597,470	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$99,208,714	BOYAmt
EOY	$112,851,203	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$14,287,058	BOYAmt
EOY	$10,687,471	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$6,744,537	BOYAmt
EOY	$6,888,896	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$425,714,720	BOYAmt
EOY	$458,808,831	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,005,918	BOYAmt
EOY	$1,099,450	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$3,000,000	BOYAmt
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$359,379,688	BOYAmt
EOY	$391,947,723	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$363,385,606	BOYAmt
EOY	$393,047,173	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

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	$62,329,114	BOYAmt
EOY	$65,761,658	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$62,329,114	BOYAmt
EOY	$65,761,658	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$425,714,720	BOYAmt
EOY	$458,808,831	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$3,251,362	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$181,914	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$732	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	0	FSAuditedInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,656,242	OtherCostOrOtherBasisAmt
Book Value	$3,656,242	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$13,798,854	OtherCostOrOtherBasisAmt
Depreciation	$6,189,715	DepreciationAmt
Book Value	$7,609,139	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,108,719	OtherCostOrOtherBasisAmt
Depreciation	$5,776,630	DepreciationAmt
Book Value	$1,332,089	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$12,597,470	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
ACCRUED PAYROLL LIABILITIES	$1,056,573
MEMBERS' ACCOUNTS	$389,702,255
OTHER LIABILITIES	$1,188,895

Field	Value	IRS element (for citing)
Total Liability	$391,947,723	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$25,551,657	TotalRevEtcAuditedFinclStmtAmt
Other Revenue	$12,034	OtherRevenueAmt
Revenue Not Reported	$12,034	RevenueNotReportedAmt
Revenue Subtotal	$25,539,623	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$25,539,623	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$22,300,295	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$12,034	OtherExpensesIncludedAmt
Expenses Not Reported	$12,034	ExpensesNotReportedAmt
Expenses Subtotal	$22,288,261	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$22,288,261	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART X, LINE 2:	THE CREDIT UNION HAS EVALUATED ITS INCOME TAX FILING POSITIONS FOR THE YEARS 2012 THROUGH 2015, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF DECEMBER 31, 2015. THE CREDIT UNION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE CREDIT UNION'S FINANCIAL STATEMENTS. THE CREDIT UNION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G., TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE CREDIT UNION DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT DECEMBER 31, 2015 AND 2014, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	LOSS ON SALE OF ASSETS/INVENTORY 12,034.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	LOSS ON SALE OF ASSETS/INVENTORY 12,034.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	ROUNDING ADJUSTMENT

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
Independent Consultant	Yes (X)	IndependentConsultantInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	JILL RENO	PersonNm
Title	PRESIDENT & CEO	TitleTxt
Base Compensation Filing Org	$252,700	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$1,725	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$0	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$37,781	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$292,206	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 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	MEMBERS VOTE ON BYLAWS AND CHARTER CHANGES. MEMBERS ELECT AND VOTE ON BOARD MEMBERS AT ANNUAL MEETING. MERGERS ARE VOTED ON BY THE ENTIRE MEMBERSHIP.
FORM 990, PART VI, SECTION A, LINE 7B	MEMBERS VOTE ON BYLAWS AND CHARTER CHANGES. MEMBERS ELECT AND VOTE ON BOARD MEMBERS AT ANNUAL MEETING. MERGERS ARE VOTED ON BY THE ENTIRE MEMBERSHIP.
FORM 990, PART VI, SECTION B, LINE 11	THE CHAIRMAN, CEO AND VICE PRESIDENT OF FINANCE WILL REVIEW THE FORM 990 PRIOR TO SUBMISSION.
FORM 990, PART VI, SECTION B, LINE 12C	CONFLICTS OF INTEREST ARE REQUIRED TO BE DISCLOSED BY MEMBERS. RELATED PARTIES ARE REVIEWED ON A QUARTERLY BASIS.
FORM 990, PART VI, SECTION B, LINE 15	PROCESS FOR DETERMINING COMPENSATION FOR CEO, OFFICERS, TOP MANAGEMENT OFFICIALS AND KEY EMPLOYEES IS HANDLED BY A THIRD PARTY PROVIDER.
FORM 990, PART VI, SECTION C, LINE 19	GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. THE CONDENSED FINANCIAL STATEMENT IS POSTED AT EACH OF THE BRANCHES MONTHLY.
FORM 990, PART XI, LINE 9:	LIABILITY ADJ. ON POST-RETIREMENT HEALTH CARE 4,429. RECLASSIFICATION ADJUSTMENT -5,161.

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

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990 IRS990

US Address USAddress

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Books In Care Of Detail BooksInCareOfDetail

US Address USAddress

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

Contractor Compensation ContractorCompensationGrp (5 entries)

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

Investment Income InvestmentIncomeGrp

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Gain Or Loss GainOrLossGrp

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Net Income Or Loss NetIncomeOrLossGrp

Other Revenue Misc OtherRevenueMiscGrp

Total Revenue TotalRevenueGrp

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Other Salaries And Wages OtherSalariesAndWagesGrp

Pension Plan Contributions PensionPlanContributionsGrp

Other Employee Benefits OtherEmployeeBenefitsGrp

Payroll Taxes PayrollTaxesGrp

Fees For Services Management FeesForServicesManagementGrp

Fees For Services Legal FeesForServicesLegalGrp

Fees For Services Accounting FeesForServicesAccountingGrp

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Fees For Services Other FeesForServicesOtherGrp

Advertising AdvertisingGrp

Office Expenses OfficeExpensesGrp

Information Technology InformationTechnologyGrp

Royalties RoyaltiesGrp

Travel TravelGrp

Conferences Meetings ConferencesMeetingsGrp

Interest InterestGrp

Depreciation Depletion DepreciationDepletionGrp

Other Expenses OtherExpensesGrp (4 entries)

All Other Expenses AllOtherExpensesGrp

Total Functional Expenses TotalFunctionalExpensesGrp

Cash Non Interest Bearing CashNonInterestBearingGrp

Accounts Receivable AccountsReceivableGrp

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Investments Other Securities InvestmentsOtherSecuritiesGrp

Other Assets Total OtherAssetsTotalGrp

Total Assets TotalAssetsGrp

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Other Liabilities OtherLiabilitiesGrp

Total Liabilities TotalLiabilitiesGrp

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Schedule D IRS990ScheduleD

Land LandGrp

Buildings BuildingsGrp

Equipment EquipmentGrp

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Schedule J IRS990ScheduleJ

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

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