CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (EIN 38-1623775)
Tax period
2013-01-01 to 2013-12-31
Filed
2015-01-23
IRS object ID
201500239349300425
Schema version
2013v4.0
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)
Return2015-01-23T12:17:40-06:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN382706146PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1YEO & YEO PCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 3275AddressLine1
CitySAGINAWCity
StateMIState
ZIP Code48605ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN381623775EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAKE HURON CREDIT UNIONBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlLAKEBusinessNameControlTxt
Phone9897525214PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 5385AddressLine1
CitySAGINAWCity
StateMIState
ZIP Code48603ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBEVERLY LEEPersonNm
Person TitleCEOPersonTitleTxt
Phone9897525214PhoneNum
Signature2014-11-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEVEN P WITTPreparerPersonNm
PTINP00004504PTIN
Phone9897939830PhoneNum
Preparation2015-01-23PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBEVERLY LEEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 5385AddressLine1
CitySAGINAWCity
StateMIState
ZIP Code48603ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$3,275,951GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.LHCU.ORGWebsiteAddressTxt
Type Of Organization OtherYes (X)TypeOfOrganizationOtherInd
Other Organization DscCREDIT UNIONOtherOrganizationDsc
Formation1959FormationYr
Legal Domicile StateMILegalDomicileStateCd
Activity Or MissionIT IS THE MISSION OF LAKE HURON CREDIT UNION TO MAKE MEMBER SATISFACTION OUR GOAL BY PROVIDING PROGRAMS AND SERVICES THAT SUCCESSFULLY MEET THEIR NEEDS.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee30TotalEmployeeCnt
Total Volunteers7TotalVolunteersCnt
Total Gross UBI$16,213TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$1,179NetUnrelatedBusTxblIncmAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$3,406,046PYProgramServiceRevenueAmt
CY Program Service Revenue$3,053,773CYProgramServiceRevenueAmt
PY Investment Income$18,056PYInvestmentIncomeAmt
CY Investment Income-$126,156CYInvestmentIncomeAmt
PY Other Revenue$9,518PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$3,433,620PYTotalRevenueAmt
CY Total Revenue$2,927,617CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,083,215PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,048,158CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,515,718PYOtherExpensesAmt
CY Other Expenses$2,732,757CYOtherExpensesAmt
PY Total Expenses$3,598,933PYTotalExpensesAmt
CY Total Expenses$3,780,915CYTotalExpensesAmt
PY Revenues Less Expenses-$165,313PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$853,298CYRevenuesLessExpensesAmt
Total Assets BOY$48,643,642TotalAssetsBOYAmt
Total Assets EOY$45,919,840TotalAssetsEOYAmt
Total Liabilities BOY$44,407,290TotalLiabilitiesBOYAmt
Total Liabilities EOY$42,536,984TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,236,352NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,382,856NetAssetsOrFundBalancesEOYAmt
MissionIT IS THE MISSION OF LAKE HURON CREDIT UNION TO MAKE MEMBER SATISFACTION OUR GOAL BY PROVIDING PROGRAMS AND SERVICES THAT SUCCESSFULLY MEET THEIR NEEDS.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescTO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH COMMON BONDDesc
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstYes (true)ReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document21IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee30EmployeeCnt
Employment Tax Returns FiledfalseEmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersYes (true)LocalChaptersInd
Policies Reference ChaptersYes (true)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonBEVERLY LEEPersonNm
Phone9896070966PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11540 TITTABAWASSEEAddressLine1
CitySAGINAWCity
StateMIState
ZIP Code48603ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
STEVE WILLETT
CHAIRMAN1.00Yes (X)$0$0$0
DON MOSHER
VICE CHAIRMA1.00Yes (X)$0$0$0
JERRY SCHRANK
TREASURER1.00Yes (X)$0$0$0
HENRY FAHNANSTIEL
DIRECTOR1.00Yes (X)$0$0$0
ROB ROY
DIRECTOR1.00Yes (X)$0$0$0
CAROL KUNITZER
DIRECTOR1.00Yes (X)$0$0$0
RICHARD FAIRLEY
DIRECTOR1.00Yes (X)$0$0$0
BEVERLY LEE
CEO40.00$68,440$0$13,808Yes (X)
DAVE MAINE
FORMER CEO40.00$77,246$0$16,651Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$145,686TotalReportableCompFromOrgAmt
Total Other Compensation$30,459TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

FieldValueIRS element (for citing)
PersonDICKINSON WRIGHTPersonNm

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1215 WASHINGTON SQUAREAddressLine1
CityLANSINGCity
StateMIState
ZIP Code48933ZIPCode
FieldValueIRS element (for citing)
ServicesLEGALServicesDesc
Compensation$175,890CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
LOAN INTEREST522100$2,242,434$2,242,434
OTHER INCOME524298$795,126$795,126
ATM AND SHARE BRANCH INCOME900099$14,266$14,266
SHARE BRANCH INCOME CREDITS900099$1,947$1,947
FieldValueIRS element (for citing)
Total Program Service Revenue$3,053,773TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$50,842TotalRevenueColumnAmt
Related Or Exempt Func Income$50,842RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$84,352SecuritiesAmt
Other$86,984OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$222,000SecuritiesAmt
Other$126,334OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$137,648SecuritiesAmt
Other-$39,350OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$176,998TotalRevenueColumnAmt
Related Or Exempt Func Income-$176,998RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,927,617TotalRevenueColumnAmt
Related Or Exempt Func Income$2,911,404RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$16,213UnrelatedBusinessRevenueAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$68,440TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$717,807TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$38,605TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$143,107TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$80,199TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$239,362TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$23,690TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$37,536TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$31,900TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$236,654TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$220,304TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$139,952TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$7,273TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$28,722TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$310,337TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$168,844TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$40,659TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
PROVISION FOR LOAN LOSSES$905,278
LOAN SERVICING EXPENSES$161,760
MISCELLANEOUS EXPENSE$47,483
BUILDING IMPROVEMENTS$47,255

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$85,748TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,780,915TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$623,416BOYAmt
EOY$757,674EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$12,638BOYAmt
EOY$20,632EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$35,008,566BOYAmt
EOY$32,949,159EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$132,297BOYAmt
EOY$50,133EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,072,879LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,186,961LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,070,620BOYAmt
EOY$1,885,918EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$5,823,735BOYAmt
EOY$3,996,694EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$3,870,161BOYAmt
EOY$5,474,797EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,102,209BOYAmt
EOY$784,833EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$48,643,642BOYAmt
EOY$45,919,840EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$531,474BOYAmt
EOY$453,871EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$43,875,816BOYAmt
EOY$42,083,113EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$44,407,290BOYAmt
EOY$42,536,984EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$4,236,352BOYAmt
EOY$3,382,856EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,236,352BOYAmt
EOY$3,382,856EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$48,643,642BOYAmt
EOY$45,919,840EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$853,298ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$198NetUnrlzdGainsLossesInvstAmt
Method Of Accounting OtherYes (X)MethodOfAccountingOtherInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

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

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$163,722OtherCostOrOtherBasisAmt
Book Value$163,722BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,968,050OtherCostOrOtherBasisAmt
Depreciation$552,871DepreciationAmt
Book Value$1,415,179BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$941,107OtherCostOrOtherBasisAmt
Depreciation$634,090DepreciationAmt
Book Value$307,017BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,885,918TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescINVESTMENTSDesc
Book Value$3,996,694BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$3,996,694TotalBookValueSecuritiesAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescCENTRAL CORPORATE CREDIT UNIONDesc
Book Value$5,474,797BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$5,474,797TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMEMBER SHARESDesc
Amt$42,083,113Amt
FieldValueIRS element (for citing)
Total Liability$42,083,113TotalLiabilityAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonDAVE MAINEPersonNm
TitleFORMER CEOTitleTxt
Base Compensation Filing Org$77,246BaseCompensationFilingOrgAmt
Deferred Compensation Flng Org$1,213DeferredCompensationFlngOrgAmt
Nontaxable Benefits Filing Org$15,438NontaxableBenefitsFilingOrgAmt
Total Compensation Filing Org$93,897TotalCompensationFilingOrgAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990PART IV - LINE 12 - AUDITED FINANCIAL STATEMENTS WERE COMPLETED AS OF SEPTEMBER 30. THE CREDIT UNION'S TAX YEAR ENDS DECEMBER 31, THEREFORE, SCHEDULE D PARTS XI, XII, AND XIII CANNOT BE COMPLETED.
FORM 990, PAGE 6, PART VI, LINE 6THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE, AND VOTING.
FORM 990, PAGE 6, PART VI, LINE 7ABOARD MEMBERS ARE ELECTED BY A MEMBERSHIP VOTE BY BALLOT FOR 3 YEAR TERMS.
FORM 990, PAGE 6, PART VI, LINE 7BMERGERS AND BY-LAW CHANGES REQUIRE MEMBERSHIP APPROVAL.
FORM 990, PAGE 6, PART VI, LINE 11BDIRECTORS REVIEW THE FORM 990 PRIOR TO FILING.
FORM 990, PAGE 6, PART VI, LINE 12CCONFLICTS ARE DISCUSSED AT BOARD MEETINGS
FORM 990, PAGE 6, PART VI, LINE 15ACOMPENSATION COMMITTEE DETERMINES AND 3 BOARD OF DIRECTORS APPROVE THE PRESIDENT/CEO'S COMPENSATION. THE LAST REVIEW WAS OCTOBER 2014.
FORM 990, PAGE 6, PART VI, LINE 19THE MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION'S LOBBY. OTHER GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST OF THE PRESIDENT/CEO.

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