2023-11-13T13:06:22-06:00 2022-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2022-01-01 381418180 CHRISTIAN FINANCIAL CREDIT UNION CHRI 5867726330 35100 VAN DYKE AVENUE STERLING HEIGHTS MI 48312 PATRICIA CAMPBELL PRESIDENT & CEO 5867726330 2023-11-11 1 PATRICIA CAMPBELL 999009999 0 JOHN J MURNANE JR P03021572 2482443000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PATRICIA CAMPBELL 35100 VAN DYKE AVENUE STERLING HEIGHTS MI 48312 36413622 0 1359 X WWW.CHRISTIANFINANCIALCU.COM X 1950 MI AT CHRISTIAN FINANCIAL CREDIT UNION, OUR MISSION IS TO PROVIDE AN ENVIRONMENT THAT DELIVERS HIGH-QUALITY PRODUCTS AND SERVICES THAT PROMOTE CONVENIENCE, TRUST, AND PERSONAL SERVICE TO ASSIST OUR MEMBERS IN ACHIEVING THEIR FINANCIAL SUCCESS. 11 11 202 11 1309770 0 0 0 29170790 31492325 2190068 4057827 2056861 182671 33417719 35732823 0 167502 0 0 12503512 13384144 0 0 0 15746991 16038996 28250503 29590642 5167216 6142181 826475315 819959969 750551502 742673125 75923813 77286844 X CHRISTIAN FINANCIAL SERVICES NEARLY 59,000 MEMBERS IN METROPOLITAN DETROIT. CHARTERED IN 1950 THE CREDIT UNION'S MISSION IS TO PROVIDE MEMBERS CUSTOMIZED SOLUTIONS TO ENHANCE THEIR FINANCIAL WELL-BEING THROUGH A TRUSTED PARTNERSHIP WITH A DEDICATED TEAM OF PROFESSIONALS FOCUSED ON EXCEEDING THEIR EXPECTATIONS. 0 0 THE CREDIT UNION ORIGINATED $168.1 MILLION IN LOANS TO MEMBERS DURING 2022. LOANS ARE GENERALLY ORIGINATED AT OR BELOW MARKET INTEREST RATES HIGHLIGHTING MEMBER LOYALTY. THE CREDIT UNION COMPLETED AN ONLINE BANKING SYSTEM CONVERSION IN 2022. THE SYSTEM CONTINUES TO IMPROVE THE MEMBER EXPERIENCE THROUGH THE OFFERING OF PRODUCTS SUCH AS LENDING AND ACCOUNT ORIGINATIONS ONLINE AND MOBILE BANKING. THE CREDIT UNION OFFERS CONVENIENT DELIVERY CHANNELS FOR MEMBERS WHERE WE FULLY ABSORB THE COST OF THE ABILITY TO USE 30,000 ATMS, ACCESS TO THE SHARED BRANCHING NETWORK WITH OVER 5,600 OUTLETS NATIONWIDE, FREE ACCESS TO ONLINE BANKING AND BILL PAYMENT FOR ALL CONSUMERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 16699 0 1 202 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X KEVIN MANKOWSKI CPA 5864982853 35100 VAN DYKE AVENUE STERLING HEIGHTS MI 48312 JAMES BANASZAK BOARD CHAIRMAN 1.00 X 0 0 0 MARK TUTTLE BOARD VICE CHAIRPERSON 1.00 X 0 0 0 PAUL AVERY BOARD SECRETARY 1.00 X 0 0 0 FRED ANDARY BOARD TREASURER 1.00 X 0 0 0 JEFF MALACKO BOARD DIRECTOR 1.00 X 0 0 0 JOHN AMRHEIN BOARD DIRECTOR 1.00 X 0 0 0 KIM REGENER BOARD DIRECTOR 1.00 X 0 0 0 LEE CASTIGLIONI BOARD DIRECTOR 1.00 X 0 0 0 MICHAEL DOMZALSKI BOARD DIRECTOR 1.00 X 0 0 0 TAMIKA ANDERSON BOARD DIRECTOR 1.00 X 0 0 0 TONY SHEREDA BOARD DIRECTOR 1.00 X 0 0 0 PATRICIA CAMPBELL PRESIDENT & CEO 40.00 X 499536 0 27691 VALLORIE MCBRIDE CFO 40.00 X 144961 0 20399 STEVEN ANDREWS CHIEF ADMINISTRATION OFFIC 40.00 X 169563 0 26431 LAUREN FOGARTY CHIEF DIGITAL STRATEGIES O 40.00 X 151996 0 20011 JAMES SPESHOCK COO 40.00 X 145815 0 22235 REBEKAH MONROE CHIEF MARKETING AND GROWTH OFFICER 40.00 X 126813 0 31703 DENNIS BANKER COMMERCIAL LOAN OFFICER 40.00 X 124843 0 15899 1363527 0 164369 13 0 1 0 CO-OP FINANCIAL SERVICES 9692 HAVEN AVE RANCHO CUCAMONGA CA 97130 FINANCIAL SERVICES 961091 FISERV INC PO BOX 934057 ATLANTA GA 31193 CORE DATA PROCESSOR/IT SERVICES 956747 NCR CORPORATION 864 SPRING STREET NW ATLANTA GA 30308 DIGITAL BANKING 512477 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSOR 497554 THINK STACK 1300 THAMES STREET SUITE 20 BALTIMORE MD 21231 NETWORK SECURITY 464118 20 INCOME FROM MEMBER LOANS 522100 19689350 19689350 FEES, CHARGES, & OTHER 522100 10493205 10493205 FINANCE AND INSURANCE 520000 1309770 1309770 31492325 4054642 4054642 683984 680799 3185 3185 3185 EQUITY IN EARNINGS OF CUSO 522100 182671 182671 182671 35732823 30368411 1309770 4054642 X 167502 692587 10142839 664907 1075432 808379 172788 158650 297380 136919 309595 1267695 2313334 1096214 83201 113367 2870705 78379 1150229 170062 DEBIT/CREDIT CARD EXPEN 2488152 LOAN SERVICING 1226424 MAINTENANCE 896298 MISCELLANEOUS 436329 773275 29590642 6878632 5548281 136441469 37086976 6257066 6520421 446109837 515821645 1234211 1296190 34560088 6552800 29743349 28007288 167079069 198215015 10128211 4146829 1894311 1581776 20709160 21735548 826475315 819959969 2817686 3358576 7306772 5000000 740427044 734314549 750551502 742673125 X 0 0 0 0 75923813 77286844 75923813 77286844 826475315 819959969 6142181 -4779150 0 X X 0 1 X 1 0 9174444 9174444 18757987 2902401 15855586 6627657 3650399 2977258 28007288 MEMBER SHARES 733979722 POSTRETIREMENT BENEFIT LIABILITY 334827 734314549 X 35732823 0 35732823 0 35732823 29590642 0 29590642 0 29590642 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. 1 SACRED HEART MAJOR SEMINARY 2701 CHICAGO BLVD DETROIT MI 48206 381358214 501(C)(3) 30000 0 CHARITABLE CONTRIBUTION MCREST 215 S MAIN ST MT CLEMENS MI 48043 382842494 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION MOTOWN SOUP 45160 VAN DYKE AVE UTICA MI 48317 460704287 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION ST VICENT DE PAUL DETROIT 3000 GRATIOT AVE DETROIT MI 48207 381359592 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION KIDS ON THE GO 23500 PARE ST SUITE 10 ST CLAIR SHORES MI 48080 455450033 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION 5 5 PART I, LINE 2: DONATIONS TO ORGANIZATIONS ARE CONSIDERED CHARITABLE CONTRIBUTIONS, NOT GRANTS. THEREFORE, THERE IS NO MONITORING BY CHRISTIAN FINANCIAL CREDIT UNION SUBSEQUENT TO DISBURSEMENT. X X X X X 0 0 0 PATRICIA CAMPBELL PRESIDENT & CEO 403450 0 80836 0 15250 0 23900 0 3791 0 527227 0 0 0 STEVEN ANDREWS CHIEF ADMINISTRATION OFFIC 157383 0 12000 0 180 0 11928 0 14503 0 195994 0 0 0 LAUREN FOGARTY CHIEF DIGITAL STRATEGIES O 124196 0 26900 0 900 0 8771 0 11240 0 172007 0 0 0 JAMES SPESHOCK COO 128323 0 15400 0 2092 0 9985 0 12250 0 168050 0 0 0 VALLORIE MCBRIDE CFO 129985 0 14100 0 876 0 9739 0 10660 0 165360 0 0 0 REBEKAH MONROE CHIEF MARKETING AND GROWTH OFFICER 103605 0 23100 0 108 0 8592 0 23111 0 158516 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ANY INDIVIDUAL THAT HAS AN ACCOUNT WITH THE CREDIT UNION IS CONSIDERED A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER IS GIVEN ONE VOTE TO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR AND AS REQUIRED BY THE MICHIGAN CREDIT UNION ACT AND THE BY-LAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED AT A REGULAR BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL EMPLOYEES, MANAGEMENT AND BOARD MEMBERS ARE PROVIDED WITH COPIES OF THE POLICIES AND MUST SIGN FOR ACKNOWLEDGMENT. FORM 990, PART VI, SECTION B, LINE 15 PRESIDENT/CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS; COMPENSATION SURVEY DATA IS USED. SENIOR MANAGEMENT COMPENSATION IS APPROVED BY PRESIDENT/CEO; COMPENSATION SURVEY DATA IS USED. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENT ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND ARE POSTED IN ALL CREDIT UNION BRANCH LOCATIONS. FORM 990, PART IX, LINE 24E ATM EXPENSES 402,449. PROVISION FOR LOAN LOSS 270,000. EDUCATION 100,826. FORM 990, PART XII, LINE 2C: WE HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. OUR PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CHRISTIAN FINANCIAL OUTREACH AND IMPACT FOUNDATION INC 35100 VAN DYKE AVE STERLING HEIGHTS MI 48312 510178917 RECEIVE AND ADMINISTER FUNDS AND AWARD FUNDS TO CHARITABLE ORGANIZATIONS MI CHRISTIAN FINANCIAL CREDIT UNION C 60000 60000 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CHRISTIAN FINANCIAL OUTREACH AND IMPACT FOUNDATION INC B 100000 ACTUAL