CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (EIN 38-1215360)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-05-15
IRS object ID: 201211369349303226
Schema version: 2011v1.2
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 L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-05-15T10:41:02-05:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LAKE MICHIGAN CREDIT UNION	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	4027 LAKE DR SE STE 100	AddressLine1
City	GRAND RAPIDS	City
State	MI	State
ZIP Code	495468812	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	381215360	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	CREDIT UNIONS CHARTERED IN THE	BusinessNameLine1
Business Name Line2	STATE OF MICHIGAN 48 LAKE MICH CU	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	CRED	NameControl
Phone	6162429790	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 2848	AddressLine1
City	GRAND RAPIDS	City
State	MI	State
ZIP Code	49501	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MARK POWELL	Name
Title	CFO	Title
Phone	6162429790	Phone
Date Signed	2012-05-15	DateSigned
Authorize Third Party	false	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Date Prepared	2012-05-15	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	SANDY JELINSKI	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 2848	AddressLine1
City	GRAND RAPIDS	City
State	MI	State
ZIP Code	49501	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	327985241	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.LMCU.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
State Legal Domicile	MI	StateLegalDomicile
Activity Or Mission Description	PROMOTION OF THRIFT AND PROVIDING LOW COST CREDIT AND OTHER FINANCIAL SERVICES FOR ITS MEMBERS THROUGH MUTUAL AND NONPROFIT ORGANIZATION.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	11	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	11	NbrIndependentVotingMembers
Total Nbr Employees	597	TotalNbrEmployees
Total Gross UBI	394099	TotalGrossUBI
Net Unrelated Business Txbl Income	-851256	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	121578036	ProgramServiceRevenuePriorYear
Program Service Revenue CY	127686837	ProgramServiceRevenueCY
Investment Income Prior Year	10649131	InvestmentIncomePriorYear
Investment Income Current Year	10217676	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	132227167	TotalRevenuePriorYear
Total Revenue Current Year	137904513	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	24430231	SalariesEtcPriorYear
Salaries Etc Current Year	28019519	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	73624713	OtherExpensePriorYear
Other Expenses Current Year	72985476	OtherExpensesCurrentYear
Total Expenses Prior Year	98054944	TotalExpensesPriorYear
Total Expenses Current Year	101004995	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	34172223	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	36899518	RevenuesLessExpensesCY
Total Assets BOY	2175970597	TotalAssetsBOY
Total Assets EOY	2434626440	TotalAssetsEOY
Total Liabilities BOY	1987235476	TotalLiabilitiesBOY
Total Liabilities EOY	2209081209	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	188735121	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	225545231	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	PROMOTION OF THRIFT AND PROVIDING LOW COST CREDIT AND OTHER FINANCIAL SERVICES FOR ITS MEMBERS THROUGH MUTUAL AND NONPROFIT ORGANIZATION.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	101004995	Expense
Description	TOTAL PROGRAM EXPENSES	Description

Activity Other ActivityOther

Field	Value	IRS element (for citing)
Description	PROVIDING LOW LOAN RATES AND HIGH DEPOSIT RATES TO OUR MEMBER OWNERS.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	101004995	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	true	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	true	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	true	RelatedOrgControlledEntity
Transaction Related Entity	true	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	597	NumberOfEmployees
Employment Tax Returns Filed	false	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	11	NbrVotingGoverningBodyMembers
Number Independent Voting Members	11	NumberIndependentVotingMembers
Family Or Business Relationship	true	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	true	LocalChapters
Policies Reference Chapters	true	PoliciesReferenceChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	true	InvestmentInJointVenture
Written Policy Or Procedure	true	WrittenPolicyOrProcedure
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	LAKE MICHIGAN CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	6162346422	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	4027 LAKE DR SE	AddressLine1
City	GRAND RAPIDS	City
State	MI	State
ZIP Code	49546	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (2 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Key EmployeeKeyEmployee
LIST AVAILABLE UPON REQUEST
BOARD MEMBER	1.00	X	0	0	0
LIST AVAILABLE UPON REQUEST
STRATEGY GRO	40.00		3071328	0	151628	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	3071328	TotalReportableCompFromOrg
Total Other Compensation	151628	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
UNITED HEALTHCARE INSURANCE
22561 NETWORK PLACE	CHICAGO	IL	60673	INSURANCE	2515605
FIRST AMERICAN TITLE
5730 EAGLE DR	GRAND RAPIDS	MI	49512	INSURANCE	1621626
JACK HENRY AND ASSOCIATES
PO BOX 503328	ST LOUIS	MO	63150	CORE SYSTEM	864380
NEWCO DESIGN BUILD
3400 ROGER B CHAFFEE SW	GRAND RAPIDS	MI	49548	BUILDING	808768
CBC INNOVIS
PO BOX 535595	PITTSBURGH	PA	15253	CREDIT	726280

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	5	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Business CodeBusinessCode	Unrelated Business RevenueUnrelatedBusinessRevenue
INTEREST ON MEMBER LOANS	80615820	80615820
FEES AND CHARGES ON ACCOUNTS	37923624	37923624
MORTGAGE SERVICING RIGHTS	8753294	8753294
NON MEMBER ATM FEE INCOME	394099		812900	394099

Field	Value	IRS element (for citing)
Total Program Service Revenue	127686837	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	9476303	TotalRevenueColumn
Related Or Exempt Function Income	9476303	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	134125086	Securities
Other	56697015	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	133426340	Securities
Other	56654388	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	698746	Securities
Other	42627	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	741373	TotalRevenueColumn
Related Or Exempt Function Income	741373	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	137904513	TotalRevenueColumn
Related Or Exempt Function Income	137510414	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	394099	UnrelatedBusinessRevenue

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	3222957	Total
Program Services	3222957	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	19881623	Total
Program Services	19881623	ProgramServices

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	913949	Total
Program Services	913949	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	2198722	Total
Program Services	2198722	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	1802268	Total
Program Services	1802268	ProgramServices

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	109109	Total
Program Services	109109	ProgramServices

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	533272	Total
Program Services	533272	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	106491	Total
Program Services	106491	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	1855402	Total
Program Services	1855402	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	3729748	Total
Program Services	3729748	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	3701762	Total
Program Services	3701762	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	201448	Total
Program Services	201448	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	28396532	Total
Program Services	28396532	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	2947301	Total
Program Services	2947301	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	261243	Total
Program Services	261243	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
MORTGAGE SERVICING	12887607	12887607
MISC EXPENSE	6328412	6328412
PROVISION FOR LOAN LOSS	5495000	5495000
BANK/ CARD SERVICE CHARGE	4941225	4941225

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1490924	Total
Program Services	1490924	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	101004995	Total
Program Services	101004995	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	169356402	BOY
EOY	211783449	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	4016567	BOY
EOY	5656359	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	13877209	BOY
EOY	28934247	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	2278336	BOY
EOY	2936282	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	1604723148	BOY
EOY	1753281825	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	24453389	BOY
EOY	28617641	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	68323164	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	24086087	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	39819849	BOY
EOY	44237077	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	258842568	BOY
EOY	301678789	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	37624784	BOY
EOY	34116932	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
EOY	396784	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	20978345	BOY
EOY	22987055	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	2175970597	BOY
EOY	2434626440	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	30802729	BOY
EOY	35748890	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
EOY	5281949	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
EOY	230813359	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	225041760	BOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1731390987	BOY
EOY	1937237011	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1987235476	BOY
EOY	2209081209	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	188735121	BOY
EOY	225545231	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	188735121	BOY
EOY	225545231	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2175970597	BOY
EOY	2434626440	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	36899518	ReconcilationRevenueExpenses
Reconcilation Other Changes	-89408	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	true	AgentTrusteeEtc
Beginning Balance	4229393	BeginningBalance
Additions During Year	130252394	AdditionsDuringYear
Distributions During Year	129199839	DistributionsDuringYear
Ending Balance	5281949	EndingBalance
Included On FS	true	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	12780967	OtherCostOrOtherBasis
Book Value	12780967	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	28467863	OtherCostOrOtherBasis
Depreciation	6010766	Depreciation
Book Value	22457097	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	856773	OtherCostOrOtherBasis
Depreciation	313288	Depreciation
Book Value	543485	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	18839412	OtherCostOrOtherBasis
Depreciation	13569357	Depreciation
Book Value	5270055	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	7378149	OtherCostOrOtherBasis
Depreciation	4192676	Depreciation
Book Value	3185473	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	44237077	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
MEMBERS SAVINGS ACCOUNT	$1,227,009,075
MEMBER'S SHARE ACCOUNT	$710,227,936

Field	Value	IRS element (for citing)
Total Of Amounts	1937237011	TotalOfAmounts
Total Revenue	137904513	TotalRevenue
Total Expenses	101004995	TotalExpenses
Excess Or Deficit For Year	36899518	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-177609	NetUnrealizedGLOnInvestments
Other	$88,201	OtherAmount
Total Adjustments	-89408	TotalAdjustments
Excess Or Deficit Per FS	36810110	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	137815105	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	-177609	NetUnrealizedGainsInvestments
Other Revenues	88201	OtherRevenues
Revenue Not Rptd F990	-89408	RevenueNotRptdF990
Revenue Subtotal	137904513	RevenueSubtotal
Total Revenue Per Form990	137904513	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	101004995	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	101004995	ExpensesSubtotal
Total Expenses Per Form990	101004995	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
EXPLANATION FOR UNREPORTED CONTRIBUTIONS OR ASSETS	SCHEDULE D, PAGE 2, PART IV, LINE 1B	THE CREDIT UNION ACTS AS CUSTODIAN FOR RETAIL MORTGAGES
ESCROW LIABILITY ARRANGEMENT EXPLANATION	SCHEDULE D, PAGE 2, PART IV, LINE 2B	THE CREDIT UNION ACTS AS CUSTODIAN FOR RETAIL MORTGAGES
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	ADJUSTMENT TO OTHER COMPREHENSIVE INCOME 88,201
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 2D	ADJUSTMENT TO OTHER COMPREHENSIVE INCOME 88,201

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	X	TravelForCompanions
Written Policy Re T And E Expenses	true	WrittenPolicyReTAndEExpenses
Substantiation Required	true	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	LIST AVAILABLE UPON REQUEST	NamePerson
Base Compensation Filing Org	2075224	BaseCompensationFilingOrg
Bonus Filing Org	950154	BonusFilingOrg
Other Compensation Filing Org	45950	OtherCompensationFilingOrg
Deferred Comp Filing Org	144641	DeferredCompFilingOrg
Nontaxable Benefits Filing Org	6987	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	3222956	TotalCompensationFilingOrg
Comp Report Prior990 Filing Org	683304	CompReportPrior990FilingOrg

Schedule L IRS990ScheduleL

Loan Table LoanTable (46 entries)

Purpose Of LoanPurposeOfLoan	Loan From OrganizationLoanFromOrganization	Original PrincipalOriginalPrincipalAmount	Balance DueBalanceDue	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement
MIKE WINKS
MORTGAGE	X	$834,122	772482	false	true	true
JEREMIAH KOSSEN
MORTGAGE	X	$374,900	374900	false	true	true
JULIE BLITCHOK
MORTGAGE	X	$356,250	354900	false	true	true
SCOTT WIGGINS
MORTGAGE	X	$351,000	337260	false	true	true
STEVE BUSH
MORTGAGE	X	$299,000	297709	false	true	true
GRETCHEN TELLMAN
MORTGAGE	X	$180,000	94308	false	true	true
NORA SWART
MORTGAGE	X	$108,500	92511	false	true	true
JEREMIAH KOSSEN
MORTGAGE	X	$75,000	73009	false	true	true
ERIC BURGOON
MORTGAGE	X	$66,244	66244	false	true	true
BILL VANPORTFLEET
MORTGAGE	X	$76,000	61258	false	true	true
NORA SWART
HELOC	X	$70,000	54365	false	true	true
BILL VANPORTFLEET
MORTGAGE	X	$102,250	53446	false	true	true
SCOTT WIGGINS
2ND MORTGAGE	X	$43,500	35156	false	true	true
TOM THEORET
MORTGAGE	X	$72,000	33958	false	true	true
WILLIAM SCHIRMER
HELOC	X	$50,000	28831	false	true	true
JACK NEWBERRY
CAR	X	$29,787	25151	false	true	true
SCOTT WIGGINS
CAR	X	$23,872	21372	false	true	true
KEN LARSEN
HELOC	X	$20,000	15472	false	true	true
JEREMIAH KOSSEN
BOAT LOAN	X	$15,795	15465	false	true	true
JULIE BLITCHOK
CAR	X	$17,846	13989	false	true	true
JULIE BLITHCOK
CAR	X	$19,423	13471	false	true	true
JEREMIAH KOSSEN
CAR LOAN	X	$13,470	11131	false	true	true
SANDRA JELINSKI
CREDIT CARD	X		10070	false	true	true
NORA SWART
CAR	X	$26,576	9618	false	true	true
BILL VANPORTFLEET
CREDIT CARD	X		8347	false	true	true
TOM THEORET
CREDIT CARD	X		6536	false	true	true
JACK NEWBERRY
CREDIT CARD	X		5783	false	true	true
WILLIAM SCHIRMER
CREDIT CARD	X		5540	false	true	true
SCOTT WIGGINS
CAR	X	$14,000	5314	false	true	true
KEN LARSEN
CREDIT CARD	X		5210	false	true	true
MIKE RICE
CREDIT CARD	X		4867	false	true	true
KEN LARSEN
MORTGAGE	X	$65,900	4513	false	true	true
JACK NEWBERRY
MORTGAGE	X	$111,300	4024	false	true	true
JULIE BLITCHOK
LOC	X	$5,000	3983	false	true	true
JEREMIAH KOSSEN
CAR LOAN	X	$4,015	3787	false	true	true
JEREMIAH KOSSEN
CREDIT CARD	X		3539	false	true	true
WALTER RICE
CAR	X	$21,608	2667	false	true	true
CHERYL PARKER
CREDIT CARD	X		1718	false	true	true
NORA SWART
CREDIT CARD	X		1386	false	true	true
TOM THEORET
HELOC	X	$13,483	1212	false	true	true
WALTER RICE
CAR	X	$18,497	1145	false	true	true
GRETCHEN TELLMAN
CREDIT CARD	X		345	false	true	true
SANDY JELINSKI
CREDIT CARD	X		138	false	true	true
KEN LARSEN
CREDIT CARD	X		71	false	true	true
WILLIAM SCHIRMER
CREDIT CARD	X		57	false	true	true
DAVE BARDOLPH
CREDIT CARD	X		24	false	true	true

Field	Value	IRS element (for citing)
Total Balance Due	2936282	TotalBalanceDue

Form990 Schedule L Part V Form990ScheduleLPartV

Field	Value	IRS element (for citing)
Identifier	LOANS TO OR FROM INTERESTED PERSONS	Identifier
Return Reference	SCHEDULE L PART II	ReturnReference
Explanation	BILL VANPORTFLEET FROM 76000 61258 MORTGAGE IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT NORA SWART FROM 70000 54365 HELOC IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT BILL VANPORTFLEET FROM 102250 53446 MORTGAGE IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT SCOTT WIGGINS FROM 43500 35156 2ND MORTGAGE IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT TOM THEORET FROM 72000 33958 MORTGAGE IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT WILLIAM SCHIRMER FROM 50000 28831 HELOC IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT JACK NEWBERRY FROM 29787 25151 CAR IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT SCOTT WIGGINS FROM 23872 21372 CAR IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT KEN LARSEN FROM 20000 15472 HELOC IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT JEREMIAH KOSSEN FROM 15795 15465 BOAT LOAN IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT JULIE BLITCHOK FROM 17846 13989 CAR IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT JULIE BLITHCOK FROM 19423 13471 CAR IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT JEREMIAH KOSSEN FROM 13470 11131 CAR LOAN IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT SANDRA JELINSKI FROM 0 10070 CREDIT CARD IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT NORA SWART FROM 26576 9618 CAR IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT BILL VANPORTFLEET FROM 0 8347 CREDIT CARD IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT TOM THEORET FROM 0 6536 CREDIT CARD IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT JACK NEWBERRY FROM 0 5783 CREDIT CARD IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT WILLIAM SCHIRMER FROM 0 5540 CREDIT CARD IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT SCOTT WIGGINS FROM 14000 5314 CAR IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT KEN LARSEN FROM 0 5210 CREDIT CARD IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT MIKE RICE FROM 0 4867 CREDIT CARD IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT KEN LARSEN FROM 65900 4513 MORTGAGE IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT JACK NEWBERRY FROM 111300 4024 MORTGAGE IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT JULIE BLITCHOK FROM 5000 3983 LOC IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT JEREMIAH KOSSEN FROM 4015 3787 CAR LOAN IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT JEREMIAH KOSSEN FROM 0 3539 CREDIT CARD IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT WALTER RICE FROM 21608 2667 CAR IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT CHERYL PARKER FROM 0 1718 CREDIT CARD IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT NORA SWART FROM 0 1386 CREDIT CARD IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT TOM THEORET FROM 13483 1212 HELOC IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT WALTER RICE FROM 18497 1145 CAR IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT GRETCHEN TELLMAN FROM 0 345 CREDIT CARD IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT SANDY JELINSKI FROM 0 138 CREDIT CARD IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT KEN LARSEN FROM 0 71 CREDIT CARD IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT WILLIAM SCHIRMER FROM 0 57 CREDIT CARD IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT DAVE BARDOLPH FROM 0 24 CREDIT CARD IN DEFAULT X APPROVED BY BOARDCOMMITTEE X WRITTEN AGREEMENT	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (10 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ALL OTHER ACCOMPLISHMENT DESCRIPTION	FORM 990, PAGE 2, PART III, LINE 4D	PROVIDING LOW LOAN RATES AND HIGH DEPOSIT RATES TO OUR MEMBER OWNERS.
RELATED PARTY INFORMATION AMONG OFFICERS	FORM 990, PAGE 6, PART VI, LINE 2	GRETCHEN TELLMAN ROBERT PARTRIDGE BOARD CHAIR BOARD MEMBER SPOUSE
CLASSES OF MEMBERS OR STOCKHOLDERS	FORM 990, PAGE 6, PART VI, LINE 6	YES, THE CREDIT UNION HAS MEMBERS
ELECTION OF MEMBERS AND THEIR RIGHTS	FORM 990, PAGE 6, PART VI, LINE 7A	MEMBER SHAREHOLDERS ELECT BOARD MEMBERS
DECISIONS SUBJECT TO APPROVAL OF MEMBERS	FORM 990, PAGE 6, PART VI, LINE 7B	MEMBERS APPROVE BOARD MEMBERS WHEN TERMS EXPIRE.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	THE 990 IS PREPARED BY THE SENIOR FINANCIAL ANALYST AND REVIEWED BY CFO.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	OFFICERS AND DIRECTORS DISCLOSE INTEREST THAT COULD LEAD TO CONFLICT OF INTEREST ANNUALLY. THESE DOCUMENTS ARE REVIEWED BY INTERNAL AUDIT AND REPORTED TO THE AUDIT COMMITTEE
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	COMPENSATION REVIEWS OF ALL OFFICER AND KEY EXECUTIVES ARE PERFORMED AT LEAST ANNUALLY BY HUMAN RESOURCES AND REVIEWED BY THE EXECUTIVE COMMITTE MADE UP OF BOARD MEMBERS
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	THE BOARD OF DIRECTORS APPROVES OTHER OFFICERS AND KEY EMPLOYEES, AND COMPENSATION IS SET BY CEO
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	THE ORGANIZATIONS DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.

Schedule R IRS990ScheduleR

Form990 Schedule R Part IV Form990ScheduleRPartIV

Name Of Related Org NameOfRelatedOrg

Field	Value	IRS element (for citing)
Business Name Line1	LAKE MICHIGAN FINANCIAL GROUP	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 2088	AddressLine1
City	GRAND RAPIDS	City
State	MI	State
ZIP Code	495012088	ZIPCode

Field	Value	IRS element (for citing)
EIN	383206130	EIN
Primary Activity	FINANCIAL	PrimaryActivity
Legal Domicile State	MI	LegalDomicileState

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	LMCU	BusinessNameLine1
Business Name Line2	LAKE MICHIGAN CREDIT UNION	BusinessNameLine2

Field	Value	IRS element (for citing)
Type Of Entity	C CORP	TypeOfEntity
Share Of Total Income	159562	ShareOfTotalIncome
Share Of EOY Assets	17946654	ShareOfEOYAssets
Percentage Ownership	1.00000	PercentageOwnership

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	true	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	false	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	true	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	true	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	false	SharingOfFacilities
Sharing Of Paid Employees	true	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)

Transaction TypeTransactionType	Amount InvolvedAmountInvolved
LAKE MICHIGAN FINANCIAL GROUP
A	12992124
LAKE MICHIGAN FINANCIAL GROUP
D	8912457
LAKE MICHIGAN FINANCIAL GROUP
I	99809
LAKE MICHIGAN FINANCIAL GROUP
N	20933