2012-05-15T10:41:02-05:00 2011-12-31 LAKE MICHIGAN CREDIT UNION 4027 LAKE DR SE STE 100 GRAND RAPIDS MI 495468812 990 2011-01-01 381215360 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 48 LAKE MICH CU CRED 6162429790 PO BOX 2848 GRAND RAPIDS MI 49501 MARK POWELL 6162429790 2012-05-15 false 2012-05-15 2011 2016-02-24 21:20:13Z SANDY JELINSKI PO BOX 2848 GRAND RAPIDS MI 49501 327985241 false X WWW.LMCU.ORG X MI PROMOTION OF THRIFT AND PROVIDING LOW COST CREDIT AND OTHER FINANCIAL SERVICES FOR ITS MEMBERS THROUGH MUTUAL AND NONPROFIT ORGANIZATION. 11 11 597 394099 -851256 0 121578036 127686837 10649131 10217676 0 132227167 137904513 0 0 24430231 28019519 0 0 73624713 72985476 98054944 101004995 34172223 36899518 2175970597 2434626440 1987235476 2209081209 188735121 225545231 X PROMOTION OF THRIFT AND PROVIDING LOW COST CREDIT AND OTHER FINANCIAL SERVICES FOR ITS MEMBERS THROUGH MUTUAL AND NONPROFIT ORGANIZATION. false false 101004995 TOTAL PROGRAM EXPENSES PROVIDING LOW LOAN RATES AND HIGH DEPOSIT RATES TO OUR MEMBER OWNERS. 101004995 false false false false false false false true false true false false false true false true false false false false false false false false false false false false true false true false false false false false false false false false true true true false true 0 0 true 597 false true true false false false false false X 11 11 true false false false true true true true true false true true true true true true true true true true true true X LAKE MICHIGAN CREDIT UNION 6162346422 4027 LAKE DR SE GRAND RAPIDS MI 49546 X LIST AVAILABLE UPON REQUEST 1.00 X 0 0 0 LIST AVAILABLE UPON REQUEST 40.00 X 3071328 0 151628 3071328 151628 1 false true false 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 5 INTEREST ON MEMBER LOANS 80615820 80615820 FEES AND CHARGES ON ACCOUNTS 37923624 37923624 MORTGAGE SERVICING RIGHTS 8753294 8753294 NON MEMBER ATM FEE INCOME 812900 394099 394099 127686837 9476303 9476303 134125086 56697015 133426340 56654388 698746 42627 741373 741373 137904513 137510414 394099 3222957 3222957 19881623 19881623 913949 913949 2198722 2198722 1802268 1802268 109109 109109 533272 533272 106491 106491 1855402 1855402 3729748 3729748 3701762 3701762 201448 201448 28396532 28396532 2947301 2947301 261243 261243 MORTGAGE SERVICING 12887607 12887607 MISC EXPENSE 6328412 6328412 PROVISION FOR LOAN LOSS 5495000 5495000 BANK/ CARD SERVICE CHARGE 4941225 4941225 1490924 1490924 101004995 101004995 0 0 169356402 211783449 4016567 5656359 13877209 28934247 2278336 2936282 1604723148 1753281825 24453389 28617641 68323164 24086087 39819849 44237077 258842568 301678789 37624784 34116932 396784 20978345 22987055 2175970597 2434626440 30802729 35748890 5281949 230813359 225041760 1731390987 1937237011 1987235476 2209081209 X 188735121 225545231 188735121 225545231 2175970597 2434626440 36899518 -89408 X false true true X true true false false false false false true 4229393 130252394 129199839 5281949 true false false false 12780967 12780967 28467863 6010766 22457097 856773 313288 543485 18839412 13569357 5270055 7378149 4192676 3185473 44237077 MEMBERS SAVINGS ACCOUNT 1227009075 MEMBER'S SHARE ACCOUNT 710227936 1937237011 137904513 101004995 36899518 -177609 88201 -89408 36810110 137815105 -177609 88201 -89408 137904513 137904513 101004995 101004995 101004995 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 X true true X X X X X false false false LIST AVAILABLE UPON REQUEST 2075224 950154 45950 144641 6987 3222956 683304 MIKE WINKS MORTGAGE X 834122 772482 false true true JEREMIAH KOSSEN MORTGAGE X 374900 374900 false true true JULIE BLITCHOK MORTGAGE X 356250 354900 false true true SCOTT WIGGINS MORTGAGE X 351000 337260 false true true STEVE BUSH MORTGAGE X 299000 297709 false true true GRETCHEN TELLMAN MORTGAGE X 180000 94308 false true true NORA SWART MORTGAGE X 108500 92511 false true true JEREMIAH KOSSEN MORTGAGE X 75000 73009 false true true ERIC BURGOON MORTGAGE X 66244 66244 false true true BILL VANPORTFLEET MORTGAGE X 76000 61258 false true true NORA SWART HELOC X 70000 54365 false true true BILL VANPORTFLEET MORTGAGE X 102250 53446 false true true SCOTT WIGGINS 2ND MORTGAGE X 43500 35156 false true true TOM THEORET MORTGAGE X 72000 33958 false true true WILLIAM SCHIRMER HELOC X 50000 28831 false true true JACK NEWBERRY CAR X 29787 25151 false true true SCOTT WIGGINS CAR X 23872 21372 false true true KEN LARSEN HELOC X 20000 15472 false true true JEREMIAH KOSSEN BOAT LOAN X 15795 15465 false true true JULIE BLITCHOK CAR X 17846 13989 false true true JULIE BLITHCOK CAR X 19423 13471 false true true JEREMIAH KOSSEN CAR LOAN X 13470 11131 false true true SANDRA JELINSKI CREDIT CARD X 10070 false true true NORA SWART CAR X 26576 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 14000 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 65900 4513 false true true JACK NEWBERRY MORTGAGE X 111300 4024 false true true JULIE BLITCHOK LOC X 5000 3983 false true true JEREMIAH KOSSEN CAR LOAN X 4015 3787 false true true JEREMIAH KOSSEN CREDIT CARD X 3539 false true true WALTER RICE CAR X 21608 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 13483 1212 false true true WALTER RICE CAR X 18497 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 2936282 LOANS TO OR FROM INTERESTED PERSONS SCHEDULE L PART II 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 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. LAKE MICHIGAN FINANCIAL GROUP PO BOX 2088 GRAND RAPIDS MI 495012088 383206130 FINANCIAL MI LMCU LAKE MICHIGAN CREDIT UNION C CORP 159562 17946654 1.00000 true false false true false false false false true false false false false true false false false false LAKE MICHIGAN FINANCIAL GROUP A 12992124 LAKE MICHIGAN FINANCIAL GROUP D 8912457 LAKE MICHIGAN FINANCIAL GROUP I 99809 LAKE MICHIGAN FINANCIAL GROUP N 20933