2023-05-15T06:15:50-07:00 2022-12-31 363031566 HOMER WILSON & CO LTD 900 RIDGE ROAD SUITE S MUNSTER IN 46321 990 2022-01-01 356032041 MEMBERS ADVANTAGE CREDIT UNION MEMB 2198746943 3064 SOUTH OHIO STREET MICHIGAN CITY IN 46360 ROBERT HAVENS EXECUTIVE VICE PRESIDENT 2198746943 2023-05-10 true ROBERT HAVENS XXX-XX-XXXX true RAY SUORANTA P00129047 2198364930 2023-05-15 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z ROBERT HAVENS 3064 SOUTH OHIO ST MICHIGAN CITY IN 46360 5006380 false X www.macuonline.org X 1962 IN STATE CHARTERED CREDIT UNION MEMBERS ADVANTAGE IS A FULL-SERVICE FINANCIAL INSTITUTION OFFERING A VARIETY OF PRODUCTS AND SERVICES INCLUDING VARIOUS LOANS, INTEREST BEARING CHECKING ACCTS, MONEY 7 6 29 10 0 0 0 2442264 2546274 712063 880809 1509921 1579297 4664248 5006380 0 0 1561731 1582973 0 0 2926964 3092646 4488695 4675619 175553 330761 129281584 126862726 118947576 121132843 10334008 5729883 STATE CHARTERED CREDIT UNION MEMBERS ADVANTAGE IS A FULL-SERVICE FINANCIAL INSTITUTION OFFERING A VARIETY OF PRODUCTS AND SERVICES INCLUDING VARIOUS LOANS, INTEREST BEARING CHECKING ACCTS, MONEY false false TO PROMOTE THRIFT AND PROVIDE LOW COST LOANS AMONG MEMBERS. THIS IS ACCOMPLISHED ON A CO-OPERATIVE BASIS FOR THE MUTUAL BENEFIT OF THOSE WITHIN THE FIELD OF MEMBERSHIP. false false false false false false false false false true false true false true true true false false false false false false false false false false false false false false true false false false false false false false false false false false false true 0 0 true 29 true false false false false false false false false false false X 7 6 false false false false true true false true true true true true false true true true true true true true false X ROBERT HAVENS 2198746943 3064 SOUTH OHIO ST MICHIGAN CITY IN 46360 GEORGE KAZMIERCZAK TREASURER 1.00 X 0 0 0 BEN NEITZEL DIRECTOR 1.00 X 0 0 0 MICHAEL PALMER CHAIRMAN 1.00 X 0 0 0 JACK VAN ETTEN VICE CHAIRMAN 1.00 X 0 0 0 FRAN BRENNAN DIRECTOR 1.00 X 0 0 0 DENNIS FISCHER DIRECTOR 1.00 X 0 0 0 FRANK BEACHNAU PRESIDENT/CEO 40.00 X 129757 0 27981 ROBERT HAVENS DIRECTOR/VICE PRES/CFO 40.00 X X 127813 0 30910 257570 0 58891 2 false false false LOAN INCOME 522100 2546274 0 0 2546274 880809 0 0 FEE INCOME 522100 838109 838109 0 0 MISCELLANEOUS INCOME 522100 629400 629400 0 0 MEMBER INSURANCE INCOME 522100 111788 111788 0 0 1579297 5006380 5006380 0 0 316461 316461 0 0 894672 894672 0 0 25935 25935 0 0 261645 261645 0 0 84260 84260 0 0 3000 3000 0 0 24539 24539 0 0 880056 880056 0 0 202714 202714 0 0 205122 205122 0 0 229284 229284 0 0 25290 25290 0 0 268901 268901 0 0 150979 150979 0 0 47284 47284 0 0 LEAGUE DUES 19979 19979 0 0 PROV FOR LOSSES 35905 35905 0 0 BANK SERVICE CHARGES 170195 170195 0 0 LOAN SERVICING 795026 795026 0 0 34372 34372 0 0 4675619 4675619 0 0 1218606 1420822 3418816 933537 17422101 16111729 445564 41076273 42085172 453747 440556 5989652 2814938 2830027 3174714 30321520 27867379 27293119 30070687 4801811 4758130 129281584 126862726 349642 769609 118597934 120363234 118947576 121132843 X 10334008 5729883 10334008 5729883 129281584 126862726 330761 X X false true X true false 0 1068916 1068916 3447615 1618412 1829203 1473121 1196526 276595 3174714 CERTIFICATES OF DEPOSIT 30083000 C PREM/DISC ON CERTIFICATES 285528 C CERTIFICATES - UNREALIZED -1344764 C MEMBERSHIP SHARES 674880 C FEDERAL HOME LOAN BANK 372043 C 30070687 REGULAR SAVINGS 58948840 MONEY MARKET 16305657 CHECKING ACCOUNTS 20886960 SPECIAL SAVINGS 5292211 CLUB ACCOUNTS 394043 IRA ACCOUNTS 2328908 CERTIFICATES OF DEPOSIT 11293093 HEALTH SAVINGS ACCOUNT 46610 KASASA SAVINGS 4866912 120363234 5006380 5006380 5006380 4675619 4675619 4675619 Other The Credit Union adopted the accounting standard regarding "Accounting for Uncertain Tax Positions". This standard provides detailed guidance for financial statement recognition, measurement, and disclosure of uncertain tax positions recognized in the enterprise's financial statements. It requires an entity to recognize the financial impact of a tax position when it is more likely than not that the position will be sustained upon examination. The adoption of this standard had no material effect on the Credit Union's financial position, results of operations, or cash flow. In accordance with statutory regulations, certain tax years remain subject to examination by the taxing authorities. With few exceptions, the Credit Union is no longer subject to U.S. federal, state, or local tax examinations by authorities for certain prior years. Pt XI, Line 4b None to report. Pt XII, Line 4b None to report. ROBERT HAVENS CFO 1ST MORTGAGE X 71000 25593 false true true ROBERT HAVENS CFO HELOC VISA X 60000 40007 false true true ROBERT HAVENS CFO VISA X 15000 5171 false true true MICHAEL PALMER CHAIRMAN VISA X 9500 7153 false true true BEN NEITZEL DIRECTOR VISA X 5404 578 false true true WILLIAM RICHEY DIRECTOR MORTGAGE X 370000 352553 false true true 431055 Pt VI, Line 6 EACH MEMBER OF THE CREDIT UNION WHO MAINTAINS A MINIMUM BALANCE IS CONSIDERED A SHAREHOLDER Pt VI, Line 7a THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERS OF THE CREDIT UNION AT THEIR ANNUAL MEETING Pt VI, Line 11b MANAGEMENT REVIEWS THE FORM 990 PRIOR TO FILING Pt VI, Line 12c ANNUAL BACKGROUND CHECKS ARE DONE AS WELL AS REVIEW OF CREDIT REPORT Pt VI, Line 15a HR COMMITTEE DOES CEO REVIEW BUT NO MARKET OR COMPARABLE DATA IS USED Pt XII, Line 2c THE SUPERVISORY COMMITTEE OVERSEES THE INDEPENDENT AUDITS Pt VI, Line 15b OTHER EMPLOYEES ARE REVIEWED ON ANNIVERSARY DATE BASED ON PERFORMANCE GOALS & SALARY SOFTWARE IS UTILIZED Form 990, Part VI, Line 9 BEN NEITZEL 207 BOYD CIRCLE MICHIGAN CITY IN 46360 Form 990, Part VI, Line 9 JACK VAN ETTEN 815 CLEVELAND AVE MICHIGAN CITY IN 46360 Form 990, Part VI, Line 9 MICHAEL PALMER 3212 DODY ST, APT 6 MICHIGAN CITY IN 46360 Form 990, Part VI, Line 9 GEORGE KAZMIERCZAK 1315 OHIO STREET MICHIGAN CITY IN 46360 Form 990, Part VI, Line 9 FRAN BRENNAN 6389 W. LEE LEN TRAIL LAPORTE IN 46350 Form 990, Part VI, Line 9 DENNIS FISCHER 2677 S. NOWAK DRIVE LAPORTE IN 46350 Form 990, Part IX, Line 11g PAYROLL SERVICE 4764. 4764. Form 990, Part IX, Line 11g IRA PROCESSING 4400. 4400. Form 990, Part IX, Line 11g MEMBER SERVICES 390193. 390193. Form 990, Part IX, Line 11g OTHER PROFESSIONAL 135145. 135145. Form 990, Part IX, Line 11g MAC STAR CHARGES 345554. 345554.