2023-11-15T16:51:52-06:00 2022-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2022-07-01 263891535 COMMUNITY CHOICE FOUNDATION INC COMM 8772432528 31155 NORTHWESTERN HIGHWAY FARMINGTON HILLS MI 48334 ROBERT BAVA PRESIDENT 8772432528 2023-11-15 1 ROBERT BAVA 999009999 0 JOSEPH ZITO P00648440 2482443000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT BAVA 31155 NORTHWESTERN HWY FARMINGTON HILLS MI 48334 52275 0 X N/A X 2010 MI PROVIDING HIGHER LEARNING SCHOLARSHIPS FOR GRADUATING HIGH SCHOOL, CONTINUING EDUCATION, AND SKILLED TRADES TO MICHIGAN STUDENTS. 6 6 0 6 0 0 240254 52230 0 0 45 45 0 0 240299 52275 102500 101000 0 0 0 0 0 0 0 20 20 102520 101020 137779 -48745 233909 185164 0 0 233909 185164 PROVIDING HIGHER LEARNING SCHOLARSHIPS FOR GRADUATING HIGH SCHOOL, CONTINUING EDUCATION, AND SKILLED TRADES TO MICHIGAN STUDENTS. 0 0 101000 101000 SIXTEEN SCHOLARSHIPS OF $5,000, EIGHT SCHOLARSHIPS OF $2,500, AND ONE SCHOLARSHIP OF $1,000 EACH WERE DISTRIBUTED TO GRADUATING HIGH SCHOOL, CONTINUING EDUCATION AND SKILLED TRADES STUDENTS IN THE STATE OF MICHIGAN. 101000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 MI X KELLI WISNER-FRANK 8772432528 31155 NORTHWESTERN HWY FARMINGTON HILLS MI 48334 KELLI WISNER-FRANK TREASURER 1.00 40.00 X 0 373362 48051 DONNA SIEJUTT TRUSTEE 1.00 40.00 X 0 293491 45345 DAN MUNRO TRUSTEE 1.00 40.00 X 0 468809 58116 TERESA MAYER TRUSTEE 1.00 40.00 X 0 336070 35728 JENNIFER HURREN TRUSTEE 1.00 40.00 X 0 257541 22349 ROBERT BAVA PRESIDENT 1.00 40.00 X 0 881109 67058 0 2610382 276647 0 0 1 0 0 52230 52230 45 45 52275 0 0 45 101000 101000 20 20 101020 101000 20 0 233909 185164 233909 185164 0 0 X 0 0 0 0 233909 185164 233909 185164 233909 185164 -48745 0 X 0 0 0 X 212654 227553 348200 240254 52230 1080891 212654 227553 348200 240254 52230 1080891 699723 381168 22 10 18 45 45 140 1081031 0.35260 0.30400 X PART II, SHORT YEAR EXPLANATION: THE COMMUNITY CHOICE FOUNDATION CHANGED IT'S FISCAL YEAR ENDING JUNE 30 TO DECEMBER 31. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 SCHOLARSHIPS 25 101000 SCH I, PART I, LINE 2 PUBLIC CHARITABLE ORGANIZATIONS TO WHICH THE FOUNDATION MAY DONATE FUNDS ARE DECIDED BASED ON A VOTE CONDUCTED AMONGST THE EMPLOYEES OF THE COMMUNITY CHOICE CREDIT UNION. THERE IS NO FOLLOW UP CONDUCTED BY THE FOUNDATION ONCE THESE FUNDS ARE DISBURSED. HOWEVER, THE SCHOLARSHIP RECIPIENTS ARE MONITORED TO ENSURE THAT EACH STUDENT MAINTAINS AN ADEQUATE GRADE POINT AVERAGE SUBSEQUENT TO THE DISBURSEMENT OF FUNDS. THIS IS MONITORED THROUGH THE REQUEST OF SUBSEQUENT COURSE TRANSCRIPTS. SCH I, PART III, COLUMN B THE FOUNDATION FUNDED 25 SCHOLARSHIPS DURING THE TAX PERIOD ENDED DECEMBER 31, 2022. SCHOLARSHIP FUNDS ARE PAID DIRECTLY TO EACH RECIPIENT'S COLLEGE TO ENSURE THE FUNDS ARE USED FOR THEIR INTENDED PURPOSE. RECIPIENTS MUST COMPLETE THE ACADEMIC YEAR IN WHICH THE SCHOLARSHIP IS APPLIED AND MUST ALSO MAINTAIN A MINIMUM 2.5 GPA DURING THAT ACADEMIC YEAR. THE RECIPIENT MAY NOT TRANSFER TO AN OUT-OF-STATE SCHOOL DURING THE YEAR IN WHICH THE SCHOLARSHIP IS APPLIED. STUDENTS MUST PROVIDE A TRANSCRIPT OF THEIR GRADES FOLLOWING THE TERM(S) IN WHICH THE FUNDS ARE APPLIED TO THE STUDENT'S TUITION. 0 1 0 0 0 0 0 0 0 ROBERT BAVA PRESIDENT 0 638004 0 238771 0 4334 0 47500 0 19558 0 948167 0 0 DAN MUNRO TRUSTEE 0 349696 0 114515 0 4598 0 38500 0 19616 0 526925 0 0 KELLI WISNER-FRANK TREASURER 0 287852 0 76922 0 8588 0 29950 0 18101 0 421413 0 0 TERESA MAYER TRUSTEE 0 251428 0 73054 0 11588 0 30922 0 4806 0 371798 0 0 DONNA SIEJUTT TRUSTEE 0 215840 0 61275 0 16376 0 29162 0 16183 0 338836 0 0 JENNIFER HURREN TRUSTEE 0 199013 0 47840 0 10688 0 20500 0 1849 0 279890 0 0 PART I, LINE 4B DAN MUNRO, COO/EVP PARTICIPATES IN A 457F PLAN SPONSORED BY COMMUNITY CHOICE CREDIT UNION. THE ACCRUED BENEFIT LIABILITY AS OF DECEMBER 31, 2022 APPROXIMATED $173,000. THE BELOW LISTED OFFICERS PARTICIPATE IN A NON-QUALIFIED 457B PLAN SPONSORED BY COMMUNITY CHOICE CREDIT UNION. THE AMOUNTS REPORTED REPRESENT THE BALANCE OF THE BENEFIT PAYABLE TO EACH PARTICIPANT AS OF DECEMBER 31, 2022. ROBERT BAVA, CEO: $161,856 KELLI WISNER-FRANK, CFO: $52,903 DANIEL MUNRO, COO/EVP: $188,973 DONNA SIEJUTT, CHRO: $6,264 TERESA MAYER, CLO: $18,545 COMMUNITY CHOICE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO THE CEO, ROBERT BAVA, THE CHRO, DONNA SIEJUTT, AND THE CFO, KELLI WISNER-FRANK, THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." AT SPECIFIED TIMES, THE PARTICIPANT MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST, PLUS KEY-PERSON INSURANCE PROCEEDS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 WILL NOT BE PROVIDED TO THE ORGANIZATION'S GOVERNING BODY PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. COMMUNITY CHOICE CREDIT UNION 31155 NORTHWESTERN HIGHWAY FARMINGTON HILLS MI 48334 380960035 CREDIT UNION MI 501(C)(14) 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 COMMUNITY CHOICE CREDIT UNION A 45 ACTUAL COMMUNITY CHOICE CREDIT UNION O 98498 ESTIMATE