2015-11-12T09:24:19-07:00 2014-12-31 382336859 Cindrich Mahalak & Co 31215 Jefferson Ave St Clair Shores MI 48082 990 2014-01-01 381514946 Security Credit Union SECU 8102352322 3801 West Boulevard Drive Flint MI 48505 Christopher L Bowman VP Accounting 8102352322 2015-11-11 1 Roy Griffor Jr P01415791 5862961155 2015-11-11 2014 2016-02-25 16:41:14Z Christopher Estes 3801 West Boulevard Drive Flint MI 48505 22530922 0 X www.securitycu.org X Credit Union 1955 MI To provide financial services to member owners with a common bond. 14 14 156 14 224068 -552525 0 13723094 13603388 2093981 2229386 3103195 2551663 18920270 18384437 0 0 0 0 6995273 6787378 0 0 0 10184922 10042714 17180195 16830092 1740075 1554345 380950718 382709524 350275460 349432077 30675258 33277447 We are Members' trusted, secure financial cooperative dedicated to providing exceptional value, personalized service, and convenience. 0 0 Provide 48,743 members with Regular Shares, Share Drafts, Money Market, and Certificate accounts totaling 87,509. Provide 23,103 loans, including Vehicle, Business, First Mortgage, Home Equity, Line of Credit, and Unsecured loans. Offer Automated Teller Machines, Wire Transfers, Money Orders and various insurance programs. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 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 6641 0 1 156 1 1 1 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 1 0 1 1 1 0 X Security Credit Union 8102352322 3801 West Boulevard Drive Flint MI 48505 Kennith Scott Chairperson 2 X 0 0 0 John Truchan Vice Chairperson 2 X 0 0 0 Richard Hazel Secretary 2 X 0 0 0 Gerald DeMaria Treasurer 2 X 0 0 0 Vic Carpenter Director 2 X 0 0 0 Tom Crooks Director 2 X 0 0 0 Ron Dodge Director 2 X 0 0 0 Lauren Emmons Director 2 X 0 0 0 Wilda Foy Director 2 X 0 0 0 Donald Henry Director 2 X 0 0 0 Joseph Niedzwiecki Director 2 X 0 0 0 Donald Sorensen Director 2 X 0 0 0 Phil Thick Director 2 X 0 0 0 Jessie Collins Director 2 X 0 0 0 Christopher Estes President/CEO 40 X 305119 0 169473 Chris Bowman VP Accounting 40 X 76555 0 23142 Chad Merrihew SVP/COO 40 X 117030 0 31806 498704 0 224421 2 0 1 0 Fiserv 75 Remittance Dr Suite 6956 Chicago IL 60675 Computer Software/Card Processing 1409612 HealthPlus 6643 Solutions Center Chicago IL 60677 Employee Health Insurance 714963 Diebold PO Box 644399 Pittsburgh PA 15264 Banking Equipment Service/Repair 331297 DataMail 747 E Whitcomb Madison Heights MI 48071 Statement Processing 304188 Gila Group 8325 Tuscany Way Blvd Austin TX 78754 Collections 275090 12 0 Loan Interest 522100 9321761 9321761 0 0 Other Income 522100 4244255 4020187 224068 0 Sale of Mortgages 522100 37372 37372 0 0 0 0 0 0 13603388 2247413 2247413 0 0 0 0 0 0 0 0 0 0 0 0 3181664 946794 3127802 1018683 53862 -71889 -18027 -18027 0 0 Interchange 522100 2248227 2248227 0 0 Insurance Products 524298 303436 303436 0 0 0 0 0 0 2551663 18384437 18160369 224068 0 723125 4512965 145910 921111 484267 42485 31840 45613 543989 1507815 939974 1026289 43754 444805 618632 204519 Loan Servicing 2123323 ATM Costs 1025513 Provision for Loan Loss 906225 Other Operating Expense 511641 26297 16830092 0 0 0 25140370 21052277 12653703 6837200 66817 140704 164721000 182343602 863128 773316 29648900 14752543 14984049 14896357 150044547 150968966 600000 600000 11877104 5097102 380950718 382709524 4420729 3621890 345854731 345810187 350275460 349432077 X 0 0 0 0 30675258 33277447 30675258 33277447 380950718 382709524 1554345 1047844 0 0 0 0 X 0 1 X 1 0 0 4789288 4789288 0 12571482 3809871 8761611 0 1127691 894912 232779 0 11160439 10047760 1112679 0 0 0 0 14896357 Member Shares 345810187 345810187 X 1 1 X X 0 1 0 Christopher Estes President/CEO 257119 0 48000 0 0 0 150831 0 18642 0 474592 0 0 0 Schedule J, Part I, Line 1a Each Board and Committee Member is entitled to have their spouse accompany them to the conferences. Schedule J, Part I, Line 4 Christopher Estes, President & CEO participated in a 457(f) non-qualified plan that has an accrual balance on December 31, 2014 of $317,743. Form 990, Part VI, Section A, Line 6 Every client that has an account with our Credit Union is also a member. Form 990, Part VI, Section A, Line 7a Members elect members of the governing body each year at the annual meeting. Form 990, Part VI, Section A, Line 7b Yes, some of the decisions of the governing body are subject to the approval of the regulatory agencies. Form 990, Part VI, Section A, Line 8b The organization has no committees. Form 990, Part VI, Section B, Line 11b A review is completed by the VP Accounting before filing. Form 990, Part VI, Section B, Line 12c Upon election or appointment, the Board of Directors sign an oath of office that includes a conflict of interest statement. Management signs a conflict of interest policy annually and is reviewed by the CEO. Form 990, Part VI, Section B, Line 15 The Board of Directors reviews the CEO performance and approves CEO compensation. This is documented in the minutes and Credit Union Executive Society (CUES), as well as the National Association of Credit Union Chairmen CEO salary survey. The CEO reviews all executive compensation using the Credit Union Executive Society (CUES) Guide and documentation is retained in their personnel files. Form 990, Part VI, Section C, Line 19 The financial statements are posted in the lobby of each office. Other documents are available upon request. Additional time was needed to gather all the information that is required to complete an accurate return. An automatic extension was filed to extend the due date to 8/17/15. A second extension was filed to extend the due date to 11/16/15.