2023-11-13T12:40:55-06:00 2022-12-31 383567911 REHMANN ROBSON LLC PO BOX 2025 SAGINAW MI 486052025 990 2022-01-01 381628275 ALLIANCE CATHOLIC CREDIT UNION ALLI 8779502228 28800 ORCHARD LAKE ROAD FARMINGTON HILLS MI 48334 DAN DAVIDSON EVP/COO 8779502228 2023-11-13 1 DAN DAVIDSON 999009999 0 JEFFREY E HERT CPA P00066715 9897999580 2023-11-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAN DAVIDSON 28800 ORCHARD LAKE ROAD FARMINGTON HILLS MI 48334 29033874 0 1359 X WWW.ALLIANCECCU.COM X 1956 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 7 7 162 7 29176 0 0 0 14346980 16104519 4989771 3862093 4112271 3212515 23449022 23179127 41140 128787 0 0 10360909 9866866 0 0 0 10821270 11632103 21223319 21627756 2225703 1551371 619610585 638619506 550614337 592252763 68996248 46366743 TO PROVIDE TRUSTED FINANCIAL SERVICES, INSPIRED BY CATHOLIC VALUES AND TRADITIONS, TO ENHANCE THE FINANCIAL WELL-BEING OF OUR CATHOLIC COMMUNITY AND THE NEIGHBORS WE SERVE. 0 0 PROVIDE 32,497 MEMBERS WITH REGULAR SHARES, CHRISTMAS CLUB, CHECKING, MONEY MARKET, CERTIFICATES OF DEPOSIT, AND IRA ACCOUNTS TOTALING 65,565. PROVIDE 19,791 LOANS INCLUDING NEW AND USED VECHICLES, REVOLVING CREDIT, TUITION, OVERDRAFT, COMMERCIAL, MORTGAGES, VISA AND STUDENT LOANS. OFFER ATM/DEBIT CARDS, WIRE TRANSFERS, MONEY ORDERS, COURTESY PAY, GIFT CARDS, BILL PAY, SAFE DEPOSIT BOX RENTALS, CHECK CASHING, COIN COUNTING, SHARED BRANCHING, MOBILE BANKING AND VARIOUS INSURANCE PRODUCTS TO ALL ELIGIBLE MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 8243 0 1 162 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SHARON BURNS 8779502228 28800 ORCHARD LAKE ROAD FARMINGTON HILLS MI 48334 JOSEPH VALENTIC CHAIRPERSON 2.00 X X 0 0 0 KURT GODFRYD VICE CHAIRPERSON 2.00 X X 0 0 0 PHILLIP MOREY TREASURER 2.00 X X 0 0 0 RICHARD SAAD SECRETARY 2.00 X X 0 0 0 RICHARD FRONCZAK DIRECTOR 2.00 X 0 0 0 MARK VALERIUS DIRECTOR 2.00 X 0 0 0 THANE NAMY DIRECTOR 2.00 X 0 0 0 ROBERT GRECH CEO 40.00 X 471920 0 45833 DANIEL DAVIDSON EVP/COO 40.00 X 275693 0 43138 MICHAEL BAHORSKI CFO 40.00 X 206576 0 37744 RANDALL RICHMOND CLO 40.00 X 221665 0 43842 CHERYL MALLARD CTO 40.00 X 199406 0 52728 KEITH BURKE MARKETING AND COMMUNITY RE 40.00 X 137278 0 36627 CHERYL ALLMACHER VP TREASURY MANAGEMENT 40.00 X 133913 0 26081 ADAM TONGE VP RETAIL 40.00 X 124873 0 16515 SHARON BURNS VP FINANCE 40.00 X 102797 0 1816 1874121 0 304324 9 0 1 0 LAMACCHIA GROUP 157 N MILWAUKEE ST MILWAUKEE WI 53202 CONTRACTOR 1370197 MDT 30230 ORCHARD LAKE RD FARMINGTON HILLS MI 48334 TECHNOLOGY SERVICES 751223 ALKAMI TECHNOLOGY PO BOX 122223 DALLAS TX 75312 DIGITAL BANKING 347139 DOLPHIN DEBIT ACCESS 1340 RAYFORD PARK ROAD SPRING TX 77386 ATM MANAGEMENT 288349 INFUSION MARKETING GROUP PO BOX 13118 MAUMELLE AR 72113 MARKETING SERVICES 189469 9 INTEREST INCOME FROM LOANS 522100 11152888 11152888 FEES/CHARGES 522100 4951631 4922455 29176 16104519 3794841 3794841 117437 0 117437 117437 117437 5426198 495801 5437706 417041 -11508 78760 67252 67252 INCOME FROM CUSOS 522100 1754767 1754767 MISCELLANEOUS 522100 1250311 1250311 SETTLEMENT 522100 90000 90000 3095078 23179127 19237673 29176 3912278 128787 1598545 6964339 223332 464178 616472 418421 55848 88807 1084543 706992 3353878 137330 1089357 18697 144027 1339683 126850 LOAN SERVICING 1532005 DIVIDENDS 1313138 STAFF EXPENSES 343417 MISCELLANEOUS EXPENSES 109114 -230004 21627756 3699889 4019984 42808878 20421151 4809751 2817874 0 4425309 203988149 261510203 2830138 1534142 28778665 10752185 17710620 18026480 315797412 293848058 27965748 32016305 619610585 638619506 3383751 5729387 547230586 586523376 550614337 592252763 X 0 0 0 0 68996248 46366743 68996248 46366743 619610585 638619506 1551371 -24180876 0 X X 0 1 X 1 0 2921303 2921303 16229663 4180247 12049416 1136406 1015236 121170 2082989 1858800 224189 6408304 3697902 2710402 18026480 DEPOSIT 600000 C INVESTMENTS 293248058 F 293848058 OTHER ASSETS 32016305 32016305 MEMBER SHARES 586523376 586523376 X 23179127 0 23179127 0 23179127 21627756 0 21627756 0 21627756 PART X, LINE 2: THE CREDIT UNION HAS EVALUATED ITS INCOME TAX FILING POSITIONS FOR THE YEARS 2018 THROUGH 2021, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF SEPTEMBER 30, 2022. THE CREDIT UNION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE CREDIT UNION'S FINANCIAL STATEMENTS. THE CREDIT UNION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G., TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE CREDIT UNION DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT SEPTEMBER 30, 2022 AND 2021, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. 990, LINE 2B AUDITED FINANCIAL STATEMENTS ARE PREPARED ON A FISCAL YEAR BASIS AS OF SEPTEMBER 30 BUT TAX REPORTING IS REQUIRED ON A CALENDAR YEAR-END. 1 ALLIANCE CATHOLIC FOUNDATION INC 28800 ORCHARD LAKE RD FARMINGTON HILLS MI 48334 822671837 501(C)(3) 128787 0 SCHOLARSHIP FUND X X X X 0 1 0 ROBERT GRECH CEO 471920 0 0 0 0 0 23117 0 22716 0 517753 0 0 0 DANIEL DAVIDSON EVP/COO 275693 0 0 0 0 0 20803 0 22335 0 318831 0 0 0 RANDALL RICHMOND CLO 221665 0 0 0 0 0 19722 0 24120 0 265507 0 0 0 CHERYL MALLARD CTO 199406 0 0 0 0 0 28588 0 24140 0 252134 0 0 0 MICHAEL BAHORSKI CFO 206576 0 0 0 0 0 7682 0 30062 0 244320 0 0 0 KEITH BURKE MARKETING AND COMMUNITY RE 137278 0 0 0 0 0 6945 0 29682 0 173905 0 0 0 CHERYL ALLMACHER VP TREASURY MANAGEMENT 133913 0 0 0 0 0 14954 0 11127 0 159994 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS ESTABLISHED DEFERRED COMPENSATION AGREEMENTS FOR SELECT MEMBERS OF THE CREDIT UNION'S MANAGEMENT. THE CREDIT UNION HAS INVESTED FUNDS IN A VARIABLE ANNUITY ON BEHALF OF THESE EMPLOYEES IN THE INITIAL AMOUNT OF $4,165,000. THE DEFERRED COMPENSATION AGREEMENTS ENTITLE THE EMPLOYEES TO EARNINGS ON THE INVESTED FUNDS, WHILE THE INITIAL DEPOSIT AMOUNT IS RETAINED BY THE CREDIT UNION. LIABILITIES ARE ACCRUED FOR FUTURE BENEFIT PAYMENTS OF APPROXIMATELY $358,000 AND $1,130,000 AT SEPTEMBER 30, 2022 AND 2021, RESPECTIVELY. SUCH AMOUNTS ARE INCLUDED IN ACCRUED EXPENSES AND OTHER LIABILITIES ON THE ACCOMPANYING CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION. ROBERT GRECH PRESIDENT/CEO SPLIT DOLLAR LIFE INSURANCE X 1802000 2208988 0 1 1 DANIEL DAVIDSON II SVP/COO SPLIT DOLLAR LIFE INSURANCE X 740000 738622 0 1 1 RANDALL RICHMOND CLO SPLIT DOLLAR LIFE INSURANCE X 593000 591896 0 1 1 MICHAEL BAHORSKI CFO SPLIT DOLLAR LIFE INSURANCE X 500000 448693 0 1 1 CHERYL MALLARD CTO SPLIT DOLLAR LIFE INSURANCE X 530000 437110 0 1 1 4425309 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE AND VOTING. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY MEMBER VOTE FOR 3 YEAR TERMS. FORM 990, PART VI, SECTION A, LINE 7B MERGERS MUST BE APPROVED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE CFO PRIOR TO FILING AND IS PRESENTED TO THE BOARD OF DIRECTORS AT THE NEXT SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD DISCLOSES ANNUALLY AT THE ORGANIZATION MEETING AS PART OF THE DIRECTORSHIP POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CEO IS REVIEWED BY A COMPENSATION COMMITTEE WHICH USES HRN, AN INDEPENDENT CONSULTANT, AND COMPLETES A COMPENSATION SURVEY TO DETERMINE A WRITTEN CONTRACT THAT IS APPROVED BY THE BOARD OF DIRECTORS. KEY EMPLOYEES COMPENSATION IS REVIEWED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY. ALL OTHER GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST. 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.