2026-05-11T10:46:15-05:00 2025-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVE STE 303 MIAMI FL 33193 990 2025-01-01 381215360 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 48 LAKE MICHIGAN CREDIT UNION CRED 6162429790 PO BOX 2848 GRAND RAPIDS MI 49501 PETER DANN EVP/CFO 6162429790 2026-05-09 1 AUBREY CLEGG P01076395 3052328272 2026-05-08 2025 2025-03-06 01:10:19Z LAKE MICHIGAN CREDIT UNION JULIE LEONARD PO BOX 2848 GRAND RAPIDS MI 49501 918585702 0 X WWW.LMCU.ORG X 1933 MI PROMOTION OF THRIFT AND PROVIDING LOW COST CREDIT AND OTHER FINANCIAL SERVICES FOR ITS MEMBERS THROUGH MUTUAL AND NONPROFIT ORGANIZATION. 11 11 1758 0 8760995 1674512 0 0 744009952 835275373 70562702 66852626 14840788 16094008 829413442 918222007 289000 1346517 0 0 167130528 188841678 0 0 0 512733058 519883197 680152586 710071392 149260856 208150615 14527369395 15952719108 12991316669 14174787786 1536052726 1777931322 PROMOTION OF THRIFT AND PROVIDING LOW COST CREDIT AND OTHER FINANCIAL SERVICES FOR ITS MEMBERS THROUGH MUTUAL AND NONPROFIT ORGANIZATION. 0 0 LAKE MICHIGAN CREDIT UNION OFFERS NUMEROUS LOAN PRODUCTS TO MEET ITS MEMBERS' NEEDS. AS OF DECEMBER 31, 2025, THE CREDIT UNION HAD APPROXIMATELY 290,500 OUTSTANDING LOANS TO MEMBERS THAT AGGREGATED APPROXIMATELY $13,178,913,000. LOAN PRODUCTS INCLUDE AUTOMOBILE, RESIDENTIAL MORTGAGE, COMMERCIAL MORTGAGE, CREDIT CARD AND PERSONAL LOANS. LAKE MICHIGAN CREDIT UNION HAS OVER 1,362,000 DEPOSIT ACCOUNTS THAT AGGREGATED APPROXIMATELY $13,562,854,000 AS OF DECEMBER 31, 2025. DEPOSIT PRODUCTS INCLUDE SAVINGS, CHECKING, MONEY MARKET, INDIVIDUAL RETIREMENT ACCOUNTS AND CERTIFICATES. LAKE MICHIGAN CREDIT UNION OFFERS A WIDE VARIETY OF SERVICES TO ITS MORE THAN 523,000 MEMBERS INCLUDING, BUT NOT LIMITED TO, ONLINE BANKING, MOBILE BANKING, WIRE SERVICES, OVERDRAFT PROTECTION AND DIGITAL WALLET. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 294332 0 1 1758 1 1 1 0 0 0 0 0 1 0 X 11 11 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X LAKE MICHIGAN CREDIT UNION 6162346830 5664 PRAIRIE CREEK DR CALEDONIA MI 49316 BRAD MATHIS DIRECTOR 1.00 X 0 0 0 TIMOTHY MYERS BOARD SECRETARY 1.00 X 0 0 0 JACK NEWBERRY DIRECTOR 1.00 X 927 0 0 JUAN OLIVAREZ BOARD VICE CHAIRPERSON 1.00 X 0 0 0 BOB PARTRIDGE DIRECTOR 1.00 X 0 0 0 MIKE RICE DIRECTOR 1.00 X 0 0 0 GRETCHEN TELLMAN-PARTRIDGE BOARD CHAIRPERSON 1.00 X 0 0 0 BOB WHITE DIRECTOR 1.00 X 927 0 0 DAVE BARDOLPH BOARD TREASURER 1.00 X 0 0 0 TIM GORTSEMA DIRECTOR 1.00 X 0 0 0 CAITLIN TOWNSEND-LAMB DIRECTOR 1.00 X 0 0 0 CHRISTI COWDIN CMO 40.00 X 330328 0 7788 CHRISTOPHER ORTEGA CIO 40.00 X 475324 0 13594 JULIE LEONARD CEO 40.00 X 1876735 0 24763 ERIC BURGOON CHIEF EXPERIENCE 40.00 X 927596 0 25347 SARAH MIKLUSICAK CPO 40.00 X 284973 0 7212 MARTIN PELTIER CGO 40.00 X 394791 0 25644 JAMES MASKELL SVP CCO 40.00 X 509544 0 26917 MARK POWELL SVP CRO 40.00 X 512982 0 15667 SARA KEMPERMAN SVP COO 40.00 X 562495 0 16557 PETER DANN EVP CFO 40.00 X 810170 0 27012 KAYLEE RAFFA CSG 40.00 X 199601 0 13089 MATTHEW ADLER MORTGAGE LOAN ORIGINATOR 40.00 X 1645929 0 23262 ZAC ELLERBROEK MORTGAGE LOAN ORIGINATOR 40.00 X 1365209 0 17838 EMIL IZRAILOV MORTGAGE SALES MANAGER FH 40.00 X 934271 0 18193 LUTHER TROOK MORTGAGE LOAN ORIGINATOR 40.00 X 796311 0 20798 JASON RYBA VP REGIONAL MTG PRODUCTION 40.00 X 691254 0 24763 12319367 0 308444 271 0 1 0 PEOPLE DRIVEN TECHNOLOGY 6300 VENTURE HILLS BYRON CENTER MI 49315 SOFTWARE 3345929 VISA 900 METRO CENTER FOSTER CITY CA 94404 PROCESSING 3286560 AT&T 019 PO BOX 5014 CAROL STREAM IL 60197 COMMUNICATION 3217899 FACTUAL DATA PO BOX 535595 PITTSBURGH PA 15253 CREDIT REPORTS 3113315 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 SOFTWARE 2752117 166 INTEREST ON MEMBER LOA 522100 670255891 670255891 MORTGAGE INCOME 522100 82186587 82186587 INTERCHANGE INCOME 522100 44923302 44923302 FEES AND CHARGES 522100 20591927 20591927 FINANCE AND INSURANCE 520000 8760995 8760995 8556671 8556671 835275373 66762683 66762683 99889 118829 -18940 -18940 -18940 334809 244866 89943 89943 89943 OTHER NON-INTEREST INC 522100 16112948 16112948 16112948 918222007 842698329 8760995 66762683 X 1272517 74000 7089983 150050136 4446387 16574702 10680470 2307784 1429604 311442 3012967 10780406 15620149 24826032 14317543 1141529 461167 330851440 10071457 1683991 PROVISION FOR LOAN LOSS 37423372 LOAN SERVICING 27587680 BANK/CARD SERVICES CHAR 16311225 VISA EXPENSES 14793290 6952119 710071392 27903519 29466752 1343692342 1651947503 22576363 22765171 73769751 79786899 11983303755 13107454981 6317269 10907406 198593203 76240000 127085062 122353203 516921451 465984291 45979942 50483142 97363220 95992913 282456721 315576847 14527369395 15952719108 90858408 94737246 37827521 47196673 510000000 470000000 12352630740 13562853867 12991316669 14174787786 X 0 0 0 0 1536052726 1777931322 1536052726 1777931322 14527369395 15952719108 X 208150615 29709147 4018834 X X 0 1 X 1 0 0 1 X 45494647 45494647 105818664 40704355 65114309 2332593 1641188 691405 40786798 31471751 9315047 4160501 2422706 1737795 122353203 CERTIFICATES OF DEPOSIT 3975991082 IRA ACCOUNTS 120129853 MONEY MARKET 4613559960 REGULAR SHARES 1518543719 SHARE DRAFTS 3334629253 13562853867 X 918340836 118829 118829 918222007 0 918222007 710190221 118829 118829 710071392 0 710071392 PART IV, LINE 2B: THE CREDIT UNION HOLDS ESCROWED FUNDS FOR THE PAYMENT OF PROPERTY TAXES AND HOMEOWNERS' INSURANCE AS A SERVICE TO OUR MEMBERS WHO HAVE MORTGAGES WITH THE CREDIT UNION OR HAVE MORTGAGES SERVICED BY THE CREDIT UNION. PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES. THE CREDIT UNION'S SUBSIDIARY IS A CREDIT UNION SERVICE ORGANIZATION (CUSO) AND ORGANIZED AS AN LLC THAT MAY BE SUBJECT TO APPLICABLE TAXES. THE CREDIT UNION FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION, AND STATE RETURNS ARE FILED FOR THE CUSO AS NECESSARY. THE CREDIT UNION RECOGNIZES INTEREST AND PENALTIES ON INCOME TAXES AS A COMPONENT OF INCOME TAX EXPENSE. WITH FEW EXCEPTIONS, THE CREDIT UNION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED AS A REDUCTION OF REVENUE WITHIN FORM 990 BUT REPORTED WITHIN TOTAL EXPENSES IN THE AUDITED FINANCIAL STATEMENTS 118,829. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED AS A REDUCTION OF REVENUE WITHIN FORM 990 BUT REPORTED WITHIN TOTAL EXPENSES IN THE AUDITED FINANCIAL STATEMENTS 118,829. 0 1000 FAMILIES OF COLOR 2153 WEALTHY ST SE STE 108 GRAND RAPIDS MI 49506 873827021 501(C)(3) 10000 0 HOUSING INITIATIVE SUPPORT AFRICAN RESOURCE CENTER OF WEST MICHIGAN 2450 44TH ST SE GRAND RAPIDS MI 49512 464969773 501(C)(3) 15000 0 EDUCATION INITIATIVE SUPPORT ASCENSION BORGESS FOUNDATION 1521 GULL RD KALAMAZOO MI 49048 237222558 501(C)(3) 7500 0 THERAPY DOG AND MAMMOGRAPHY PROGRAM SUPPORT BE CAF 7267 THORNAPPLE RIVER DR SE ADA MI 49301 832632219 501(C)(3) 25000 0 WORKFORCE DEVELOPMENT AND GENERAL OPERATING SUPPORT BOYS AND GIRLS CLUB OF COLLIER COUNTY 7500 DAVIS BLVD NAPLES FL 34104 650279110 501(C)(3) 10000 0 YOUTH OF THE YEAR PROGRAM UNDERWRITING BOYS AND GIRLS CLUB OF LEE COUNTY PO BOX 62736 FORT MYERS FL 33906 592013870 501(C)(3) 35000 0 CAPITAL CAMPAIGN CONTRIBUTION BRONSON HEALTH FOUNDATION 301 JOHN ST 73 KALAMAZOO MI 49007 382415081 501(C)(3) 19000 0 MULTIPLE GRANTS - EVENT AND HEALTH INITIATIVE SUPPORT COMMUNITIES IN SCHOOLS OF KALAMAZOO 180 E WATER ST STE 2000 KALAMAZOO MI 49007 382873188 501(C)(3) 8500 0 STUDENT PROGRAM AND EVENT SUPPORT COREWELL HEALTH FOUNDATION 100 COREWELL DR NW GRAND RAPIDS MI 49503 382752328 501(C)(3) 18500 0 HEALTH INITIATIVE SUPPORT AND EVENT CREDIT UNION HOUSE LLC 403 C ST NE WASHINGTON DC 20002 522189192 501(C)(3) 50000 0 CAPITAL CAMPAIGN CONTRIBUTION DAVENPORT UNIVERSITY 6191 KRAFT AVE SE GRAND RAPIDS MI 49507 381945965 501(C)(3) 25000 0 URBAN EDUCATION AND CASA LATINA SUPPORT FAIR HOUSING CENTER OF WEST MICHIGAN 20 HALL ST SE GRAND RAPIDS MI 49507 382373591 501(C)(3) 250000 0 SUPPORT OF HOUSING INITIATIVES FOUNDATION FOR LEE COUNTY PUBLIC SCHOOLS 2266 SECOND ST FORT MYERS FL 33901 592637849 501(C)(3) 10000 0 EDUCATION INITIATIVE SUPPORT FULTON STREET FARMERS MARKET 1145 FULTON ST E GRAND RAPIDS MI 49503 462859250 501(C)(3) 7500 0 GLEANER PROGRAM AND SMALL BUSINESS SUPPORT GILDA'S CLUB OF GRAND RAPIDS 1806 BRIDGE ST NW GRAND RAPIDS MI 49504 383367525 501(C)(3) 15000 0 WEST SIDE WALK AND CANCER CARE SUPPORT GIRL SCOUTS OF WEST CENTRAL FLORIDA 4610 EISENHOWER BLVD TAMPA FL 33634 590624454 501(C)(3) 10000 0 EDUCATION INITIATIVE SUPPORT GRAND ACTION FOUNDATION 20 125 OTTAWA AVE NW STE 152 GRAND RAPIDS MI 49503 383147133 501(C)(3) 100000 0 CAPITAL CAMPAIGN CONTRIBUTION GRAND RAPIDS AREA BLACK BUSINESSES PO BOX 7717 GRAND RAPIDS MI 49510 802006650 501(C)(3) 20000 0 CAPITAL SUPPORT FOR NEW BUILDING CONSTRUCTION GRAND RAPIDS CHILDREN'S MUSEUM 11 SHELDON AVE NE GRAND RAPIDS MI 49503 383088234 501(C)(3) 20000 0 STATE OF PLAY UNDERWRITING GRAND RAPIDS COMMUNITY COLLEGE FOUNDATION 143 BOSTWICK AVE NE GRAND RAPIDS MI 49503 386100380 501(C)(3) 10600 0 SCHOLARSHIP PROGRAM SUPPORT GRAND RAPIDS YOUTH COMMONWEALTH 235 STRAIGHT AVE NW GRAND RAPIDS MI 49504 380593958 501(C)(3) 12500 0 YOUTH OF THE YEAR PROGRAM UNDERWRITING GRAND VALLEY STATE UNIVERSITY 1 CAMPUS DR ALLENDALE MI 49401 381684280 501(C)(3) 10000 0 77 IDEAS PROGRAM SUPPORT GREATER GRAND RAPIDS CHAMBER FOUNDATION 250 MONROE AVE NW GRAND RAPIDS MI 49503 237221790 501(C)(3) 10000 0 HOUSING NEXT SUPPORT HOME REPAIR SERVICES 1100 DIVISION AVE S GRAND RAPIDS MI 49507 382263817 501(C)(3) 17000 0 FIX-IT SCHOOL UNDERWRITING ICCF 415 FRANKLIN ST SE SUITE 100 GRAND RAPIDS MI 49507 381903026 501(C)(3) 42000 0 MULTIPLE GRANTS AWARDED - HOUSING CONTRIBUTION/CAPITAL CAMPAIGN JUBILEE MINISTRIES 96 W 15TH ST STE 206 HOLLAND MI 49423 383477214 501(C)(3) 10000 0 HOUSING INITIATIVE SUPPORT JUNIOR ACHIEVEMENT OF MICHIGAN GREAT LAKES 4090 LAKE DR SE GRAND RAPIDS MI 49546 381557861 501(C)(3) 25000 0 BIZTOWN COMMITMENT KENT COUNTY 4920 PLAINFIELD AVE NE STE 19 GRAND RAPIDS MI 49525 382904046 25000 0 WELCOME PLAN SUPPORT KIDS FOOD BASKET 1300 PLYMOUTH AVE NE GRAND RAPIDS MI 49505 043760991 501(C)(3) 6250 0 OPERATIONAL SUPPORT FOOD PROGRAMS LEE HEALTH FOUNDATION 16451 HEALTHPARK COMMONS DR STE 200 FORT MYERS FL 33908 650645343 501(C)(3) 15000 0 HEALTH INITIATIVES AND EVENT SUPPORT LITERACY CENTER OF WEST MICHIGAN 1120 MONROE AVE NW STE 240 GRAND RAPIDS MI 49503 382725232 501(C)(3) 20000 0 LITERACY AND CITZENSHIP PROGRAM SUPPORT MARY FREE BED FOUNDATION 235 WEALTHY ST SE GRAND RAPIDS MI 49503 461164285 501(C)(3) 50000 0 CAPITAL CAMPAIGN CONTRIBUTION MEALS ON WHEELS OF WESTERN MICHIGAN 2900 WILSON AVE SW STE 500 GRANDVILLE MI 49418 382535537 501(C)(3) 25000 0 CAPITAL CAMPAIGN CONTRIBUTION AND EVENT SUPPORT MICHIGAN COUNCIL ON ECONOMIC EDUCATION 12642 BERESFORD DR STERLING HEIGHTS MI 48313 382183524 501(C)(3) 15000 0 VIRTUAL FINANCIAL EDUCATION COURSE UNDERWRITING MICHIGAN STATE UNIVERSITY 535 CHESTNUT RD RM 300 EAST LANSING MI 48824 386005984 501(C)(3) 25000 0 HOUSING INITIATIVE SUPPORT IN DETROIT NATIONAL CREDIT UNION FOUNDATION 4703 MADISON YARDS WAY STE 300 MADISON WI 53705 391383650 501(C)(3) 7500 0 SUPPORT OF FINANCIAL EDUCATION AND EDUCATION INITIATIVES OPPORTUNITY RESOURCE FUND 330 MARSHALL ST LANSING MI 48912 382784136 501(C)(3) 10000 0 SMALL BUSINESS AND HOUSING SUPPORT PINEALLAS COUNTY EDUCATION FOUNDATION 12090 STARKEY RD LARGO FL 33773 592688253 501(C)(3) 10000 0 EDUCATION INITIATIVE SUPPORT REFUGEE EDUCATION CENTER 747 BROAD ST PROVIDENCE RI 02907 061770896 501(C)(3) 7000 0 EDUCATION PROGRAM SUPPORT SAINT MARY'S FOUNDATION 307 JEFFERSON AVE SE GRAND RAPIDS MI 49503 381779602 501(C)(3) 20000 0 HEALTH INITIATIVES SUPPORT SOUTHWEST FLORIDA COMMUNITY FOUNDATION INC 2031 JACKSON ST STE 100 FORT MYERS FL 33901 596580974 501(C)(3) 10000 0 FUTUREMAKERS PROGRAM SUPPORT STOREHOUSE OF COMMUNITY RESOURCES 4411 PLAINFIELD AVE NE GRAND RAPIDS MI 49525 814354698 501(C)(3) 30000 0 EDUCATOR SUPPLIES AND GENERAL OPERATING SUPPORT THE PLAYGROUND GR 233 FULTON ST E STE 226 GRAND RAPIDS MI 49503 882745614 501(C)(3) 8000 0 PROGRAMMING SUPPORT FOR HEALTH INITIATIVES URBAN LEAGUE OF WEST MICHIGAN 745 EASTERN AVE SE GRAND RAPIDS MI 49503 381359259 501(C)(3) 50000 0 CDFI FUND/GENERAL OPERATING SUPPORT VAN ANDEL RESEARCH INSTITUTE 333 BOSTWICK AVE NE GRAND RAPIDS MI 49503 522000823 501(C)(3) 19500 0 RESEARCH AND EVENT SUPPORT WEST MICHIGAN CENTER FOR ARTS & TECHNOLOGY 614 1ST ST NW STE 300 GRAND RAPIDS MI 49504 743120354 501(C)(3) 20000 0 ADULT EDUCATON/WORKFORCE DEVELOPMENT SUPPORT WEST MICHIGAN CONSTRUCTION INSTITUTE 801 CENTURY AVE SW GRAND RAPIDS MI 49503 352679576 501(C)(3) 10000 0 GRADUATION UNDERWRITING/WORKFORCE DEVELOPMENT SUPPORT WEST MICHIGAN HISPANIC CHAMBER OF COMMERCE 2007 DIVISION AVE S GRAND RAPIDS MI 49507 201483629 501(C)(6) 16667 0 CAPITAL CAMPAIGN CONTRIBUTION YMCA OF GREATER GRAND RAPIDS 475 LAKE MICHIGAN DR NW GRAND RAPIDS MI 49504 381358058 501(C)(3) 17000 0 TED RASBERRY YOUTH BASEBALL LEAGUE AND EVENT SUPPORT CASA OF KENT COUNTY 180 OTTAWA AVE NW 5200 GRAND RAPIDS MI 49503 202112557 501(C)(3) 7500 0 EDUCATION PROGRAM SUPPORT 48 2 HUTT COLLEGE SCHOLARSHIP 20 40000 ROOTS IN EDUCATION 25 25000 KENT ISD TEACHER PATHWAY SCHOLARSHIPS 3 9000 FORM 990, SCH I, PART IV HUTT SCHOLARSHIPS ARE AWARDED TO HIGH SCHOOL SENIORS WHO WRITE AN ESSAY AND ARE CHOSEN AS FINALISTS. ROOTS IN EDUCATION GRANTS ARE AWARDED TO 25 EDUCATORS. EDUCATORS ARE NOMINATED BY INDIVIDUALS AND AWARDED BY PANEL OF JUDGES. KENT ISD AWARDED TO THREE HIGH SCHOOL SENIORS FOR HIGHER EDUCATION PURSUIT IN TEACHING. X X X 1 1 X X X X X X 0 1 0 JULIE LEONARD CEO 1121778 0 737000 0 17957 0 15500 0 9263 0 1901498 0 0 0 MATTHEW ADLER MORTGAGE LOAN ORIGINATOR 1644748 0 154 0 1027 0 11750 0 11512 0 1669191 0 0 0 ZAC ELLERBROEK MORTGAGE LOAN ORIGINATOR 1364040 0 154 0 1015 0 6326 0 11512 0 1383047 0 0 0 ERIC BURGOON CHIEF EXPERIENCE 705451 0 205500 0 16645 0 15500 0 9847 0 952943 0 0 0 EMIL IZRAILOV MORTGAGE SALES MANAGER FH 933274 0 307 0 690 0 6991 0 11202 0 952464 0 0 0 PETER DANN EVP CFO 615126 0 180000 0 15044 0 15500 0 11512 0 837182 0 0 0 LUTHER TROOK MORTGAGE LOAN ORIGINATOR 795682 0 154 0 475 0 11750 0 9048 0 817109 0 0 0 JASON RYBA VP REGIONAL MTG PRODUCTION 689852 0 512 0 890 0 15500 0 9263 0 716017 0 0 0 SARA KEMPERMAN SVP COO 445814 0 107500 0 9181 0 11504 0 5053 0 579052 0 0 0 JAMES MASKELL SVP CCO 407529 0 100000 0 2015 0 16754 0 10163 0 536461 0 0 0 MARK POWELL SVP CRO 416305 0 96250 0 427 0 10500 0 5167 0 528649 0 0 0 CHRISTOPHER ORTEGA CIO 431957 0 42000 0 1367 0 8435 0 5159 0 488918 0 0 0 MARTIN PELTIER CGO 322160 0 60000 0 12631 0 15500 0 10144 0 420435 0 0 0 CHRISTI COWDIN CMO 291538 0 37500 0 1290 0 7788 0 0 0 338116 0 0 0 SARAH MIKLUSICAK CPO 251673 0 33000 0 300 0 0 0 7212 0 292185 0 0 0 KAYLEE RAFFA CSG 175252 0 23029 0 1320 0 8947 0 4142 0 212690 0 0 0 PART I, LINE 4B THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO CERTAIN EXECUTIVES THROUGH A LOAN REGIME ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." AS PER THE CONTRACTUAL AGREEMENT, LIFE INSURANCE PREMIUMS ARE PAID ON BEHALF OF THE OFFICERS AND TREATED AS LOANS. THE EXECUTIVE IS THE SOLE OWNER OF THE POLICY AND HAS ASSIGNED THE LIFE INSURANCE POLICIES AS COLLATERAL TO THE CREDIT UNION AS SECURITY FOR THE REPAYMENT OF THE PREMIUMS. SEE SCHEDULE L FOR FURTHER DETAILS. SANDY JELINSKI FORMER CEO TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR POLICY PREMIUM X 27488120 29462123 0 1 1 NORA SWART FORMER CPO TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR POLICY PREMIUM X 9100000 9784913 0 1 1 PETER DANN EVP CFO TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR POLICY PREMIUM X 5425000 5775991 0 1 1 ERIC BURGOON CHIEF EXPERIENCE OFFICER TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR POLICY PREMIUM X 5180000 5605719 0 1 1 SARA KEMPERMAN SVP COO TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR POLICY PREMIUM X 4291000 4595771 0 1 1 JULIE LEONARD CEO TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR POLICY PREMIUM X 4090000 9303793 0 1 1 JIM MASKELL SVP COO TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR POLICY PREMIUM X 3850000 4104170 0 1 1 RAZI QADRI FORMER CIO TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR POLICY PREMIUM X 7188000 4073681 0 1 1 DON BRATT FORMER CMO TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR POLICY PREMIUM X 3200000 3457796 0 1 1 ALICIA FORCE FORMER SVP CONSUMER LENDING TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR POLICY PREMIUM X 1890000 2016935 0 1 1 MARK POWELL SVP CRO TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR POLICY PREMIUM X 1512000 1606007 0 1 1 79786899 FORM 990, SCH L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO CERTAIN EXECUTIVES THROUGH A LOAN REGIME ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR" PLAN. AS PER THE CONTRACTUAL AGREEMENT, THE EXECUTIVES ARE THE SOLE OWNERS OF THE POLICIES AND HAVE ASSIGNED THE POLICIES AS COLLATERAL TO THE CREDIT UNION AS SECURITY FOR THE REPAYMENT OF THE LOAN. THE LOANS ARE NONRECOURSE AND WILL BE REPAID FROM THE PROCEEDS OF THE POLICIES. FORM 990, PART VI, SECTION A, LINE 2 BOARD CHAIR GRETCHEN TELLMAN AND BOARD MEMBER ROBERT PARTRIDGE ARE SPOUSES. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBER SHAREHOLDERS ELECT BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS APPROVE BOARD MEMBERS WHEN TERM EXPIRE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S MANAGEMENT REVIEWS THE FORM 990 IN DETAIL WITH THEIR PAID TAX PREPARERS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS PROVIDE WRITTEN DISCLOSURE OF ANY ISSUES THAT COULD LEAD TO CONFLICTS OF INTEREST ON AN ANNUAL BASIS. THESE POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY INTERNAL AUDIT AND REPORTED TO THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEWS OF ALL OFFICERS AND KEY EXECUTIVES ARE PERFORMED AT LEAST ANNUALLY BY HUMAN RESOURCES AND REVIEWED BY THE EXECUTIVE COMMITTEE MADE UP OF BOARD MEMBERS. THE BOARD OF DIRECTORS APPROVES THE CEO'S COMPENSATION AS WELL AS THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES WHOSE COMPENSATION IS SET BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONAL DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL AND OUTSIDE SERVICES 3,012,967. FORM 990, PART IX, LINE 24E MISC EXPENSES 6,511,026. ASSOCIATION DUES 441,093. FORM 990, PART XI, LINE 9: NET CHANGE IN UNEALIZED GAINS/(LOSSES) ON PENSION BENEFIT PLAN 4,018,834. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. LAKE MICHIGAN FINANCIAL GROUP LLC PO BOX 2088 GRAND RAPIDS MI 49501 454172202 FINANCIAL MI 3456906 26640775 LAKE MICHIGAN CREDIT UNION LMCU TITLE AGENCY LLC 1410 PLAINFIELD AVE NE GRAND RAPIDS MI 495054917 612019898 TITLE SERVICES MI LAKE MICHIGAN FINANCIAL GROUP RELATED 195931 185115 0 1 0.50010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 LMCU TITLE AGENCY LLC S 183000 ACTUAL DISTRIBUTION