2016-05-04T12:29:45-05:00 2015-12-31 383635706 REHMANN ROBSON LLC 224 E LARKIN ST STE 100 MIDLAND MI 48640 990 2015-01-01 381439120 FINANCIAL PLUS CREDIT UNION FINA 8102442200 PO BOX 7006 FLINT MI 48507 NATHAN E DAVIDSON VICE PRESIDENT - FINANCE 8102442927 2016-04-26 1 P00066715 9896313131 2016-04-26 2015 2016-09-27 15:27:22Z NATHAN E DAVIDSON G-3381 VAN SLYKE ROAD FLINT MI 48507 30074826 0 X WWW.FINANCIALPLUSFCU.ORG X 1952 MI COMMITMENT TO ENHANCING THE FINANCIAL WELL-BEING OF OUR MEMBERS! PASSION FOR SERVICE! DEDICATION TO ENRICHING THE COMMUNITIES WE SERVE! 7 7 203 13 120867 -47919 0 0 23830433 24182364 1304444 1373794 784797 -16535 25919674 25539623 0 0 0 0 8968247 9463972 0 0 0 13240911 12824289 22209158 22288261 3710516 3251362 425714720 458808831 363385606 393047173 62329114 65761658 COMMITMENT TO ENHANCING THE FINANCIAL WELL-BEING OF OUR MEMBERS! PASSION FOR SERVICE! DEDICATION TO ENRICHING THE COMMUNITIES WE SERVE! 0 0 22288261 PROVIDE MEMBERS WITH REGULAR SHARES, SHARE DRAFTS, MONEY MARKET, CERTIFICATES AND IRA ACCOUNTS. PROVIDE LOANS INCLUDING CREDIT CARDS, REAL ESTATE, NEW AND USED MOTOR VEHICLE, AND UNSECURED. OFFER ATM/DEBIT CARDS, CHECK CASHING, WIRE TRANSFERS, MONEY ORDERS, FINANCIAL COUNSELING AND EDUCATION, OVERDRAFT/COURTESY PAY SERVICES. 22288261 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 203 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X NATHAN DAVIDSON 8102442927 1354 ROLLINS ST GRAND BLANC MI 48439 RON JANNSON CHAIRMAN 1.00 X 0 0 0 BARNEY HENNESSY VICE CHAIRMAN 1.00 X 0 0 0 HARVEY STEVENS TREASURER 1.00 X 0 0 0 RUDY ARMSTRONG SECRETARY 1.00 X 0 0 0 KIM JONES DIRECTOR 1.00 X 0 0 0 DICK STARR DIRECTOR 1.00 X 0 0 0 DIANA WEBB DIRECTOR 1.00 X 0 0 0 BYRON MCCARTHY AUDIT CHAIRMAN 1.00 X 0 0 0 CHARLIE KIRK AUDIT COMMITTEE 1.00 X 0 0 0 EDWARD WHITE AUDIT COMMITTEE 1.00 X 0 0 0 STEVEN SCHLICT AUDIT COMMITTEE 1.00 X 0 0 0 CHARLES COTTERMAN AUDIT COMMITTEE 1.00 X 0 0 0 JILL RENO PRESIDENT & CEO 45.00 X 254425 0 37781 OLGA LONG SENIOR VICE PRESIDENT 45.00 X 119816 0 26036 DEANNA WALLACE VP OF HR & RETAIL OPERATIO 45.00 X 115199 0 23730 SUSAN HANKINS VP OF IT & OPERATIONS 45.00 X 102632 0 22484 NATHAN DAVIDSON VP OF FINANCE & ACCOUNTING 45.00 X 99226 0 24011 MICHAEL FURST VP OF LENDING & COLLECTIONS 45.00 X 77315 0 4362 NATHAN ORANGE COMMERCIAL LENDING MANAGER 45.00 X 107741 0 24703 876354 0 163107 5 0 1 0 MEMBER DRIVEN TECHNOLOGIES 100 GALLERIA OFFICENTRE SOUTHFIELD MI 48034 CORE SYSTEM SERVICE PROVIDER 986354 CU COOPERATIVE SYSTEMS 9692 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 CREDIT, DEBIT & ATM SERVICES 692754 HOLLIS MARKETING 2130 BRENNER SAGINAW MI 48602 MARKETING SERVICES 309653 INTELLIGENT DOCUMENT SOLUTIONS 747 E WHITCOMB AVE MADISON HEIGHTS MI 48071 PRINT SERVICE PROVIDER 283369 CDW DIRECT 1000 TOWN CENTER SUITE 1800 SOUTHFIELD MI 48075 IT SERVICE PROVIDER 135557 5 LOAN INTEREST 522100 15072589 15072589 FEES & OPERATING INCOME 522100 9109775 8988908 120867 24182364 1360738 1360738 3895161 163265 3890000 155370 5161 7895 13056 13056 464743 489833 -25090 -25090 MISC. REVENUE 900099 8555 8555 8555 25539623 25418756 120867 0 1039463 5937136 577437 1288341 621595 107743 38715 80266 6405 208275 1270632 2496714 1194127 388053 68445 54289 1021398 1090312 LOAN SERVICING 1781947 PROVISION FOR LOAN LOSS 1392837 CREDIT CARD EXPENSES 805625 REPAIRS & MAINTENANCE 629057 189449 22288261 12065252 15580286 554672 168993 280019481 299138774 176021 219584 601547 676154 24563815 11966345 12057438 12597470 99208714 112851203 14287058 10687471 6744537 6888896 425714720 458808831 1005918 1099450 3000000 0 359379688 391947723 363385606 393047173 X 0 0 0 0 62329114 65761658 62329114 65761658 425714720 458808831 X 3251362 181914 -732 X 0 0 0 3656242 3656242 13798854 6189715 7609139 7108719 5776630 1332089 12597470 ACCRUED PAYROLL LIABILITIES 1056573 MEMBERS' ACCOUNTS 389702255 OTHER LIABILITIES 1188895 391947723 X 25551657 12034 12034 25539623 0 25539623 22300295 12034 12034 22288261 0 22288261 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 X 1 1 X X X 0 0 0 JILL RENO PRESIDENT & CEO 252700 0 0 0 1725 0 0 0 37781 0 292206 0 0 0 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.