2023-05-15T10:07:21-07:00 2022-12-31 990 2022-01-01 381445060 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN CRED 2483229800 2100 Executive Hills Blvd Auburn Hills MI 48326 Nathan Davidson Chief Financial Officer 2483229800 2023-05-15 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z GENISYS CREDIT UNION Jacqueline Buchanan 2100 Executive Hills Blvd Auburn Hills MI 48326 200651871 0 X www.genisyscu.org X 1953 MI Served 257,736 credit union members by providing financial services including various loan products as well as deposit products such as checking, savings, IRA and certificates. 8 8 1 8 337657 1 0 0 120349170 144503940 11491155 16129763 41057283 40326425 172897608 200960128 0 0 0 0 40242962 40523562 0 0 0 49920543 73778921 90163505 114302483 82734103 86657645 4033381478 4472149817 3429031169 3898910102 604350309 573239715 To promote thrift to 236,924 credit union members by providing financial services including various loan products, deposit accounts, such as checking, savings, IRAs and certificates of deposit; electronic services including mobile banking, online banking, e-statements, ATM and debit cards; and financial education programs and services 0 0 Provided financial services to 236,924 credit union members during 2020. These included various loan products, deposit account products, electronic services, including mobile and online banking, e-statements, ATM, debit and credit cards and financial education programs and services 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 85791 0 1 1 1 1 1 0 0 0 0 0 1 0 X 8 8 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X Nathan Davidson 2483229800 2100 Executive Hills Blvd Auburn Hills MI 48326 Jacqueline Buchanan President CEO 60 X 2431420 0 32922 Nathan Davidson Chief Financial Officer 60 X 369634 0 64712 Donald White Mortgage officer 40 X 371504 0 33936 Allen Mitchell Business Loan 40 X 333704 0 26089 Michelle Mattson SVP Remote Delivery Channels 40 X 248338 0 55173 Lynn Dillon Mortgage Consultant 40 X 272149 0 30430 Andria George VP Human Resources 45 X 277803 0 23626 James Fagan VP Real Estate Lending 45 X 267503 0 23755 Matt Chapman VP of IT 45 X 244126 0 31822 Jessica Buck VP of Lending 45 X 243177 0 22812 Heather Pizzala VP of Marketing 45 X 222649 0 17985 Frank Klimczak Information Security Manager 40 X 201150 0 30438 Brian Dowgiallo VP Risk Management 40 X 181768 0 28172 Jerry McIlrath SVP Sales and Service 40 X 180167 0 23241 Sharon Nichols VP Sales and Service 40 X 169407 0 24922 Brian Zabowski Board Member 7 X 0 0 0 David Stolk Supervisory Committee Member 7 X 0 0 0 Mark Churay Board Secretary 7 X 0 0 0 John Schulte Board Member 7 X 0 0 0 Peter Devita Board Treasurer 7 X 0 0 0 Barbara Pasciolla Supervisory Committee Member 7 X 0 0 0 James Campbell Board Member 7 X 0 0 0 Kim Turner Board Vice Chairperson 7 X 0 0 0 Greg Melega Board Member 7 X 0 0 0 Thomas Healy Board Chairperson 7 X 0 0 0 Jennifer Rogers Supervisory Committee Member 7 X 0 0 0 Kristie Bidlake Supervisory Committee Chairperson 7 X 0 0 0 Lisa Christenson Supervisory Committee Member 7 X 0 0 0 MiVida Burrus Supervisory Committee Member 7 X 0 0 0 6014499 0 470035 39 0 1 0 MICHIGAN BUSINESS CONNECTION 2200 COMMONWEALTH BLVD STE 200 ANN ARBOR MI 48105 Loan services 1051772 MIDWEST LOAN SERVICES PO BOX 188 HOUGHTON MI 49931 Mortgage Loan servicing 765370 COMPLETE BUILDING MAINTENANCE INC 4631 WHITE LAKE COURT CLARKSTON MI 48346 Lawn and ground maintenance 349349 Launch Servicing LLC 402 W Broadway 20th Floor San Diego CA 92101 Loan servicing 647768 Tri Phase Commercial Construction 359 S Old Woodward Birmingham MI 48009 architectural services 317820 17 0 Interest Income on loans 522130 126721922 126721922 0 0 Fee Income 525990 17782018 17624049 157969 0 0 0 0 0 144503940 15765320 15765320 0 0 0 0 0 0 0 0 0 0 0 0 0 56186 -308257 0 308257 56186 364443 364443 0 0 Other Revenue 522130 40326425 40146737 179688 0 0 0 0 0 40326425 200960128 200622471 337657 0 0 4975194 0 27476823 1534263 3848658 2688624 0 162754 65154 0 0 13312 280016 4265330 14549902 1722172 0 3483435 129768 0 122683 20401520 0 2332581 122732 Loan Losses 14510638 Loan Servicing Expense 10890996 State Operating Fee 415999 Miscellaneous Expense 309929 114302483 0 0 0 18263006 18384340 249057920 125439318 0 58581647 54195622 7850000 7850000 0 0 2545340205 3218481038 0 0 2314188 2236559 90730044 40669063 50210939 50060981 1022801226 896147612 12540210 22661931 0 0 2 0 66422135 76692416 4033381478 4472149817 34922602 47682005 0 0 0 170000000 3394108567 3681228097 3429031169 3898910102 X 0 0 0 0 604350309 573239715 604350309 573239715 4033381478 4472149817 X 86657645 -119498211 0 0 0 1729972 X 0 1 X 1 0 0 18198189 18198189 0 48579208 18514038 30065170 0 980623 895955 84668 0 22972024 21259070 1712954 0 0 0 0 50060981 0 Other Liabilities 3681228097 3681228097 X X X 0 0 0 Jacqueline Buchanan President CEO 1248391 0 1150000 0 33029 0 24400 0 8522 0 2464342 0 0 0 Nathan Davidson Chief Financial Officer 275144 0 81577 0 12912 0 47445 0 17267 0 434345 0 0 0 Andria George VP Human Resources 196350 0 57592 0 23861 0 15856 0 7770 0 301429 0 0 0 James Fagan VP Real Estate Lending 201076 0 60000 0 6427 0 15976 0 7779 0 291258 0 0 0 Michelle Mattson SVP Remote Delivery Channels 185808 0 53648 0 8882 0 41064 0 14109 0 303511 0 0 0 Matt Chapman VP of IT 182935 0 52491 0 8700 0 14896 0 16926 0 275948 0 0 0 Jessica Buck VP of Lending 184501 0 54035 0 4641 0 14876 0 7936 0 265989 0 0 0 Heather Pizzala VP of Marketing 172135 0 41843 0 8671 0 13823 0 4162 0 240634 0 0 0 Jerry McIlrath SVP Sales and Service 123919 0 46522 0 9726 0 9601 0 13640 0 203408 0 0 0 Sharon Nichols VP Sales and Service 140768 0 21934 0 6705 0 11507 0 13415 0 194329 0 0 0 Donald White Mortgage officer 22770 0 348134 0 600 0 22212 0 11723 0 405439 0 0 0 Allen Mitchell Business Loan 85387 0 242960 0 5357 0 23184 0 2905 0 359793 0 0 0 Lynn Dillon Mortgage Consultant 21597 0 250552 0 0 0 15863 0 14567 0 302579 0 0 0 Frank Klimczak Information Security Manager 168493 0 24609 0 8048 0 13629 0 16808 0 231587 0 0 0 Brian Dowgiallo VP Risk Management 141974 0 33460 0 6334 0 11590 0 16582 0 209940 0 0 0 Jacqueline Buchanan President - CEO To fund premiums X 7850000 7850000 0 1 1 7850000 Form 990, Part VI, Section A, Line 6 The organization is member owned. Form 990, Part VI, Section A, Line 7a The membership is invited to attend the Annual meeting where they have the ability to vote for who is elected or re-elected to the Board. Form 990, Part VI, Section B, Line 11b The form 990 is reviewed by the CEO, the CFO, and the Accounting Manager. Form 990, Part VI, Section B, Line 12c Should a conflict arise, an internal auditor would oversee the case. Form 990, Part VI, Section B, Line 15 Compease compensation data, which includes survey data from multiple sources, and data from RSG is provided to the personnel policy committee and reported to the Board of Directors. The process was completed for the CEO and other key employees in 2022. The process will be completed again in 2023. Form 990, Part VI, Section C, Line 19 Genisys Credit Union makes its governing documents, conflicts of interest policy and financial statements available at corporate headquarters during normal business hours, upon written request. The Annual report is published on the website. Form 990, Part XI, Line 9 Adjustments for other comprehensive income adjusted after year end and retained earnings from merger Genisys Credit Union Retiree Welfare Plan Trust PO Box 436034 Pontiac MI 483436034 383129811 VEBA MI 501 (c) (9) Genisys Credit Union 1 MEMBERS ASSET PLANNING PO Box 436034 Pontiac MI 48343 382695078 FINANCIAL PLANNING MI GENISYS CREDIT UNION C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 Genisys Credit Union Retiree Welfare Plan Trust q 506810 actual