2023-11-14T13:51:13-06:00 2022-12-31 383635706 REHMANN ROBSON LLC 1500 W BIG BEAVER RD 2ND FLR TROY MI 48084 990 2022-01-01 380826778 MICHIGAN CREDIT UNION LEAGUE MICH 7347933420 PO BOX 8054 PLYMOUTH MI 481708054 WENDY VADNAIS CFO 7347933420 2023-11-13 1 WENDY VADNAIS 999009999 0 KATHLEEN M UNDERHILL CPA P00589677 2489525000 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WENDY VADNAIS PO BOX 8054 PLYMOUTH MI 481708054 11072044 0 X WWW.MCUL.ORG X 1941 MI PROVIDE ADVOCACY AND SUPPORT TO HELP CREDIT UNIONS SUCCEED AND ENRICH THE LIVES OF THEIR MEMBERS. 16 16 27 17 52069 0 0 689514 2248997 2799390 1973951 1843570 12761 52069 4235709 5384543 10000 126 0 0 2896581 2113580 0 0 0 1459755 3171294 4366336 5285000 -130627 99543 88338400 87201262 1871882 2179035 86466518 85022227 STRENGTHEN THE CREDIT UNION COMMUNITY AND ITS IMAGE BY PROVIDING ADVOCACY ON IMPORTANT ISSUES, COORDINATING COOPERATIVE INITIATIVES AND BY PROVIDING HIGH-QUALITY SOLUTIONS THAT HELP CREDIT UNIONS SUCCEED AND ENRICH THE LIVES OF THEIR MEMBERS. 0 0 OFFER SUPPORT AND PROVIDE ADVOCACY TO AFFILIATED CREDIT UNIONS. 0 1 0 1 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 37 0 1 27 1 1 1 1 CA 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MI X WENDY VADNAIS 7347933420 PO BOX 8054 PLYMOUTH MI 481708054 HEATHER LUCIANI CHAIR 0.50 X X 0 0 0 DEAN TRUDEAU VICE CHAIR/AT LARGE DIRECTOR 0.50 X X 0 0 0 CARMA PETERS TREASURER/SECRETARY/DIRECTOR 0.50 X X 0 0 0 CHRISSY SIDERS ALTERNATE DIRECTOR 0.50 X 0 0 0 ANDY KEMPF DIRECTOR 0.50 X 0 0 0 MARK RICHTER ALTERNATE DIRECTOR THRU 6/2022 0.50 X 0 0 0 TIM BENECKE DIRECTOR 0.50 X 0 0 0 DON MILLS ALTERNATE DIRECTOR 0.50 X 0 0 0 CONNIE TOENSING DIRECTOR 0.50 X 0 0 0 JIM VENESKEY ALTERNATE DIRECTOR 0.50 X 0 0 0 JEFF BENSON DIRECTOR 0.50 X 0 0 0 BRAD BERGMOOSER ALTERNATE DIRECTOR 0.50 X 0 0 0 DREMA ISAAC DIRECTOR 0.50 X 0 0 0 KELLI WISNER-FRANK ALTERNATE DIRECTOR 0.50 X 0 0 0 JOUMANA MCDAD ALTERNATE DIRECTOR 0.50 X 0 0 0 JUSTIN BAMFORD ALTERNATE DIRECTOR EFF 6/2022 0.50 X 0 0 0 ADAM JOHNSON AT LARGE DIRECTOR EFF 6/2022 0.50 X 0 0 0 PATRICIA CORKERY PRESIDENT/CEO 45.00 5.00 X 417155 0 34725 WENDY VADNAIS CFO 5.00 45.00 X 251085 0 11786 RENEE WERTH EVP LEAGUE SERVICES 37.50 12.50 X 196302 0 11988 864542 0 58499 3 0 1 0 REGROUP 213 W LIBERTY STE 100 ANN ARBOR MI 48104 MEDIA AND CREATIVE SERVICES 232847 CUSG MARKETING SOLUTIONS LLC PO BOX 8054 PLYMOUTH MI 481708054 MEDIA AND CREATIVE SERVICES 113750 POWER PLUS SOUND & LIGHTING 2445 GRAND AVENUE VISTA CA 920817806 AUDIO VISUAL SERVICES 106917 3 X 689514 689514 PROGRAM SVC FEES 900099 1220526 1220526 EDUCATION 900099 1016277 1016277 MEMBERSHIP DUES 900099 562587 562587 2799390 608319 608319 6922752 5687501 1235251 1235251 1235251 FLOW THROUGH INCOME 900099 52069 52069 52069 5384543 2799390 52069 1843570 X 126 714751 1151708 53344 72164 121613 15988 76638 17902 592845 81629 100789 12299 21800 151507 689994 3939 118581 3580 CHAPTER EXPENSES 647691 SHARED EXPENSES 346597 OTHER 288195 FLOW THRU LOSSES 1320 5285000 3980996 2962277 306760 306816 20338 14589 235822 256862 580011 286154 62777 293857 73032873 67316140 10698834 16050721 88338400 87201262 1189658 1263833 242521 354372 439703 560830 1871882 2179035 X 86466518 85022227 86466518 85022227 88338400 87201262 X 99543 -2615056 1071222 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 254206 202242 51964 325805 83912 241893 293857 CU SOLUTIONS GROUP 50830362 C EQUITY FUNDS 10814572 F CORPORATE BONDS 4221120 F MICHIGAN CREDIT UNION LEAGUE SERVICE CORP 1450086 C 67316140 INTEREST RECEIVABLE 714856 OTHER INVESTMENTS 2500838 RECEIVABLE FROM AFFILIATES 7685027 LOAN TO AFFILIATE 5150000 16050721 POSTRETIREMENT BENEFIT OBLIGATION 318937 LEASE OBLIGATION 241893 560830 X PART X, LINE 2: THE ORGANIZATION HAS ANALYZED ITS INCOME TAX POSITIONS FOR 2019 THROUGH 2022, THE YEARS, WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTION AS OF DECEMBER 31, 2022. THE ORGANIZATION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION 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 INCREASE IN THE NEXT 12 MONTHS. THE ORGANIZATION DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT DECEMBER 31, 2022 AND 2021, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. X X X 1 1 X X X 0 0 0 PATRICIA CORKERY PRESIDENT/CEO 417155 0 0 0 0 0 18496 0 16229 0 451880 0 0 0 WENDY VADNAIS CFO 251085 0 0 0 0 0 10353 0 1433 0 262871 0 0 0 RENEE WERTH EVP LEAGUE SERVICES 196302 0 0 0 0 0 9012 0 2976 0 208290 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS ORGANIZED ON A NONSTOCK MEMBERSHIP BASIS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS. ONE MEMBER FROM EACH OF THE TEN MEMBERSHIP DISTRICTS IS ELECTED TO BE ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE TREASURER AND FINANCE DIRECTOR AND IS THEN PRESENTED TO THE BOARD BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND BOARD MEMBERS ARE REQUIRED TO ANNUALLY COMPLETE A CONFLICT OF INTEREST STATEMENT. ANY CONFLICTS OR POTENTIAL CONFLICTS THAT ARISE DURING THE YEAR ARE DISCUSSED AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE AUDIT COMMITTEE AND REVIEW PROCESS COMMITTEE REVIEW THE COMPENSATION OF THE CEO. THE CEO'S COMPENSATION IS BASED ON COMPARABLE DATA OF SIMILAR CREDIT UNION LEAGUES. A RECOMMENDATION IS GIVEN TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART VIII, LINE 1E IN 2022 THE ORGANIZATION RECEIVED $689,514 UNDER THE EMPLOYEE RETENTION CREDIT ("ERC") PORTION OF THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT ("CARES ACT"), WHICH WAS ENACTED INTO LAW ON MARCH 28, 2020. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 592,845. FORM 990, PART XI, LINE 9: EARNINGS IN UNCONSOLIDATED SUBSIDIARIES 1,122,786. NET INCOME FROM FLOWTHROUGH ENTITIES -51,564. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTING AND OVERSEEING THE WORK OF THE INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR. MICHIGAN CREDIT UNION FOUNDATION PO BOX 8054 PLYMOUTH MI 481708054 386066911 SUPPORT CREDIT UNION MOVEMENT MI 501(C)(3) LINE 7 N/A 0 CURE DEFENSE FUND PO BOX 8054 PLYMOUTH MI 481708054 203928822 CREDIT UNION SERVICES MI 501(C)(6) N/A 0 DMIRF INVESTING CUSO LLC PO BOX 8054 PLYMOUTH MI 481708054 472058687 INVESTMENTS MI MICHIGAN CREDIT UNION LEAGUE UNRELATED 52281 66915 0 52222 1 0.12120 CU SOLUTIONS GROUP INCORPORATED PO BOX 8054 PLYMOUTH MI 481708054 383548085 CREDIT UNION SERVICES MI MICHIGAN CREDIT UNION LEAGUE C -717408 58461727 0.64020 1 MICHIGAN CREDIT UNION LEAGUE SERVICE CORPORATION PO BOX 8054 PLYMOUTH MI 481708054 462756779 CREDIT UNION SERVICES MI MICHIGAN CREDIT UNION LEAGUE C -137156 1992484 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 CU SOLUTIONS GROUP INCORPORATED P 690630 ACTUAL COST MICHIGAN CREDIT UNION LEAGUE SERVICE CORP P 192075 ACTUAL COST MICHIGAN CREDIT UNION FOUNDATION B 67600 ACTUAL COST