2023-06-07T15:26:15-05:00 2022-12-31 382492570 DOEREN MAYHEW 305 W BIG BEAVER ROAD TROY MI 48084 990 2022-01-01 381598795 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN CRED 6163363490 1619 PLAINFIELD NE GRAND RAPIDS MI 49505 KRISTEN PLICHTA PRESIDENT/CEO 6163363490 2023-06-06 1 KRISTEN PLICHTA 999009999 0 BRANDON M WILSON P02447970 2482443000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z INTANDEM CREDIT UNION KRISTEN PLICHTA 1619 PLAINFIELD NE GRAND RAPIDS MI 49505 3505118 0 X WWW.INTANDEMCU.COM X 1956 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 7 7 29 7 32063 0 0 0 2780039 3025281 434099 479837 0 0 3214138 3505118 915 1675 402551 0 939176 1537753 0 0 0 1256057 1404801 2598699 2944229 615439 560889 70844245 72689468 64156978 65441312 6687267 7248156 X TO EXCEED EXPECTATIONS IN EVERY INTERACTION AND INSPIRE OUR NEIGHBORS TO ACHIEVE FINANCIAL STABILITY AND SUCCESS. 1 0 PROVIDE 5,092 MEMBERS WITH SAVINGS, SHARE DRAFT, HIGH YIELD SHARES, VACATION AND CHRISTMAS CLUB, BUSINESS AND FIDUCIARY ACCOUNTS, CERTIFICATES OF DEPOSIT, IRAS AND MONEY MARKET ACCOUNTS TOTALING 12,325. PROVIDE 3,120 LOANS INCLUDING HOME EQUITY, SHARE SECURED, FIRST MORTGAGE, CREDIT CARD, UNSECURED, NEW AND USED VEHICLE, RECREATIONAL VEHICLES, AND LINE OF CREDIT. OFFER ATM AND DEBIT CARDS, SHARED BRANCHING, MONEY ORDERS, BILL PAY, CHECK CASHING, WIRE TRANSFERS, BILINGUAL SERVICES AND INSURANCE PRODUCTS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 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 1175 0 1 29 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X INTANDEM CREDIT UNION 6163363490 1619 PLAINFIELD NE GRAND RAPIDS MI 49505 JON DENHOF CHAIRPERSON 1.00 X 0 0 0 ELIZABETH WINNINGER VICE CHAIRPERSON 1.00 X 0 0 0 VICKI SEIDL TREASURER 1.00 X 0 0 0 DANIEL KENT DIRECTOR 1.00 X 0 0 0 KRISTIAN DANIEL SECRETARY 1.00 X 0 0 0 DANIEL KENT DIRECTOR 1.00 X 0 0 0 DANIEL KENDALL DIRECTOR 1.00 X 0 0 0 AL JANO DIRECTOR 1.00 X 0 0 0 BARBARA PAGE PRESIDENT/CEO (RETIRED 6/30/22) 45.00 X 144593 0 24940 KRISTEN PLICHTA PRESIDENT/CEO (EFFECTIVE 7/1/22) 60.00 X 120646 0 14904 TRACY ELMORABETI VP OF ACCOUNTING 45.00 X 82058 0 15409 347297 0 55253 2 0 1 0 MCGRAW CONSRUCTION INC 1111 GODFREY SW SUITE N200 GRAND RAPIDS MI 49503 CONSTRUCTION SERVICES 2203484 CUANSWERS 6000 28TH STREET SE SUITE 100 GRAND RAPIDS MI 49546 DATA PROCESSING 223632 CU COOPERATIVE SYSTEMS INC 9692 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 ATM/DEBIT NETWORK PROCESSING 175536 ADT COMMERCIAL PO BOX 382109 PITYSBURGH PA 15251 SECURITY SYSTEM 104410 4 LOAN INTEREST INCOME 522100 1906505 1906505 FEE AND OTHER INCOME 522100 1086713 1086713 520000 32063 32063 3025281 479837 479837 3505118 2993218 32063 479837 X 1675 402550 805309 69789 165719 94386 24072 63252 15153 38309 442935 167714 117928 20817 84020 98863 22551 LOAN SERVICING 209492 PROVISION FOR LOAN LOSS 60909 MISCELLANEOUS EXPENSE 18935 EXAMINATION FEES 13266 6585 2944229 549149 475715 2480000 3619000 6291 270 38233828 42233197 21210 75854 4463181 374617 1744901 4088564 18248704 19128154 8763601 2181952 796561 886762 70844245 72689468 638283 674516 63518695 64766796 64156978 65441312 X 0 0 0 0 6687267 7248156 6687267 7248156 70844245 72689468 560889 0 X 0 0 0 342209 342209 3448176 141014 3307162 42110 2864 39246 630686 230739 399947 4088564 HTM CERTIFICATES OF DEPOSIT 15236000 C CO-OP INVESTMENTS 113369 C CU*ANSWERS INVESTMENTS 104000 C XTEND CUSO STOCK 5000 C CARD SERVICES FOR CREDIT UNION 15005 C BOLI INVESTMENT 1262936 C AFS INVESTMENTS 2391844 C 19128154 MEMBER SHARES AND DEPOSITS 64766796 64766796 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. X X X X 0 1 0 BARBARA PAGE PRESIDENT/CEO (RETIRED 6/30/22) 144593 0 0 0 0 0 13257 0 11683 0 169533 0 0 0 PART I, LINE 4B BARBARA PAGE PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN. THE CREDIT UNION ACCRUED AN EXPENSE OF $68,319 DURING 2022 TOWARD HER BENEFIT. FORM 990, PART III, LINE 2 INTANDEM CREDIT UNION BEGAN OFFERING BUSINESS AND FIDUCIARY ACCOUNTS DURING 2022. FORM 990, PART VI, SECTION A, LINE 4 DURING 2022, THE CREDIT UNION'S BYLAWS WERE AMENDED EXPANDING THE FIELD OF MEMBERSHIP TO INCLUDE ALL 12 SURROUNDING COUNTIES. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE AND VOTING. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS ARE ELECTED AT THE ANNUAL MEETING FOR A 3 YEAR TERM. FORM 990, PART VI, SECTION A, LINE 7B BY-LAW CHANGES AND CHARTER CHANGES ARE APPROVED BY THE BOARD BUT ARE RATIFIED BY THE MEMBERSHIP AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT/CEO REVIEWS THE 990 PRIOR TO SUBMISSION TO THE IRS. SUBSEQUENT TO FILING, THE BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF THE 990 RETURN SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C THE PERSONNEL POLICY ADDRESSES CONFLICTS OF INTEREST FOR EMPLOYEES. THE BOARD OF DIRECTORS/OFFICIAL RESPONSIBILITY AND CODE OF CONDUCT PACKET ADDRESSES CONFLICTS OF INTEREST FOR THE BOARD OF DIRECTORS. ALL STAFF AND BOARD MEMBERS ARE REQUIRED TO SIGN THAT THEY HAVE RECEIVED A COPY, READ AND UNDERSTAND THE POLICY. THEY ARE ALSO REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION UTILIZES A SALARY ADMINISTRATION SOFTWARE THROUGH THE MCUL THAT WAS CUSTOMIZED SPECIFICALLY FOR OUR CREDIT UNION. FROM THE DATA SOFTWARE AN HOURLY WAGE AND SALARY CLASSIFICATION MATRIX IS COMPILED AND APPROVED BY THE BOARD OF DIRECTORS. THE CEO'S EVALUATION IS PERFORMED BY THE PRESIDENT/CEO SALARY REVIEW COMMITTEE WHICH UTILIZES THE MATRIX AS A BASELINE. EMPLOYEE COMPENSATION IS SET BY MANAGEMENT WITHIN THE BUDGET AND THE MATRIX APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE DISPLAYED IN THE CREDIT UNION LOBBY. ALL OTHER GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART IX, LINE 24E ASSOCIATION DUES 6,585.