2024-11-15T08:35:33-06:00 2023-12-31 383635706 REHMANN ROBSON LLC 1500 W BIG BEAVER RD 2ND FLR TROY MI 48084 990 2023-01-01 380826778 MICHIGAN CREDIT UNION LEAGUE MICH 7347933420 PO BOX 8054 PLYMOUTH MI 481708054 WENDY VADNAIS CFO 7347933420 2024-11-14 1 1 KATHLEEN M UNDERHILL CPA P00589677 2489525000 2024-11-14 2023 2024-10-15 13:58:12Z WENDY VADNAIS PO BOX 8054 PLYMOUTH MI 481708054 7969760 0 X WWW.MCUL.ORG X 1941 MI PROVIDE ADVOCACY AND SUPPORT TO HELP CREDIT UNIONS SUCCEED AND ENRICH THE LIVES OF THEIR MEMBERS. 15 15 27 18 0 0 689514 0 2799390 3127977 1843570 2042527 52069 0 5384543 5170504 126 0 0 0 2113580 2444805 0 0 0 3171294 2816395 5285000 5261200 99543 -90696 87201262 88158406 2179035 2241060 85022227 85917346 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 0 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 32 0 1 27 1 0 1 CA 0 0 0 0 0 0 X 15 15 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 DEAN TRUDEAU CHAIR/AT LARGE DIRECTOR 0.50 X X 0 0 0 CARMA PETERS VICE CHAIR/DIRECTOR 0.50 X X 0 0 0 DREMA ISAAC TREASURER/SECRETARY/DIRECTOR 0.50 X X 0 0 0 HEATHER LUCIANI DIRECTOR 0.50 X 0 0 0 CHRISSY SIDERS ALTERNATE DIRECTOR 0.50 X 0 0 0 ANDY KEMPF DIRECTOR 0.50 X 0 0 0 JUSTIN BAMFORD ALTERNATE DIRECTOR 0.50 X 0 0 0 DON MILLS DIRECTOR EFF 6/2023 0.50 X 0 0 0 JENNY HOYLE ALTERNATE DIRECTOR EFF 6/2023 0.50 X 0 0 0 CONNIE TOENSING DIRECTOR 0.50 X 0 0 0 JOY HILL ALTERNATE DIRECTOR EFF 11/2023 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 KELLI WISNER-FRANK ALTERNATE DIRECTOR 0.50 X 0 0 0 ADAM JOHNSON AT LARGE DIRECTOR 0.50 X 0 0 0 TOM KUSLIKIS ALTERNATE DIRECTOR EFF 6/23 - 8/23 0.50 X 0 0 0 TIM BENECKE DIRECTOR THRU 6/2023 0.50 X 0 0 0 JIM VENESKEY ALTERNATE DIRECTOR THRU 8/2023 0.50 X 0 0 0 PATRICIA CORKERY PRESIDENT/CEO 45.00 5.00 X 455911 0 35363 WENDY VADNAIS CFO 5.00 45.00 X 264795 0 13350 KIERAN MARION EVP ADVOCACY 50.00 0.50 X 205501 0 28023 RENEE WERTH EVP LEAGUE SERVICES 37.50 12.50 X 212782 0 13158 1138989 0 89894 4 0 1 0 STORYFI 17250 NEWBURGH RD LIVONIA MI 48152 MEDIA AND CREATIVE SERVICES 122199 POWER PLUS SOUND & LIGHTING 2445 GRAND AVENUE VISTA CA 920817806 AUDIO VISUAL SERVICES 111913 2 PROGRAM SVC FEES 900099 1366909 1366909 EDUCATION 900099 1191603 1191603 MEMBERSHIP DUES 900099 569465 569465 3127977 808976 808976 4032807 2799256 1233551 1233551 1233551 5170504 3127977 0 2042527 769419 1261235 62943 217925 133283 15956 40895 14641 470747 58589 82854 11722 11343 219618 740062 5898 95268 11739 CHAPTER EXPENSES 568556 OTHER 342289 SHARED EXPENSES 112418 FLOW THRU LOSSES 13800 5261200 2962277 2189846 306816 307022 14589 158410 256862 262248 259193 225511 51964 33682 67316140 67647680 16292614 17559518 87201262 88158406 1263833 1033551 354372 718217 560830 489292 2179035 2241060 X 85022227 85917346 85022227 85917346 87201262 88158406 X -90696 285815 -2994338 3694338 X X 0 1 X 1 0 1 0 0 259193 225511 33682 33682 CU SOLUTIONS GROUP 49381530 C EQUITY FUNDS 9697773 F CORPORATE BONDS 7027651 F MICHIGAN CREDIT UNION LEAGUE SERVICE CORP 1540726 C 67647680 INTEREST RECEIVABLE 1074628 OTHER INVESTMENTS 2500838 RECEIVABLE FROM AFFILIATES 8664157 LOAN TO AFFILIATE 5150000 NET OPERATING RIGHT OF USE ASSETS 169895 17559518 POSTRETIREMENT BENEFIT OBLIGATION 320822 LEASE OBLIGATION 168470 489292 X PART X, LINE 2: THE ORGANIZATION HAS ANALYZED ITS INCOME TAX POSITIONS FOR 2020 THROUGH 2023, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTION AS OF DECEMBER 31, 2023. 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, 2023 AND 2022, 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 455911 0 0 0 0 0 0 19796 0 15567 455911 35363 0 0 WENDY VADNAIS CFO 264795 0 0 0 0 0 0 12023 0 1327 264795 13350 0 0 KIERAN MARION EVP ADVOCACY 205501 0 0 0 0 0 10109 0 17914 0 233524 0 0 0 RENEE WERTH EVP LEAGUE SERVICES 212782 0 0 0 0 0 0 10109 0 3049 212782 13158 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 LEAGUE POLICYMAKERS ARE REQUIRED TO ANNUALLY SIGN AND COMPLETE THE STATEMENT OF DISCLOSURE OF CONFLICT OF INTEREST RESOLUTION ACKNOWLEDGING RECEIPT OF A COPY OF THE CONFLICT OF INTEREST RESOLUTION AND CERTIFYING AGREEMENT TO MAKE FULL AND COMPLETE DISCLOSURE OF ANY CONFLICT OF INTEREST AND FORWARD IT DIRECTLY TO THE LEAGUE CHAIRMAN C/O THE CHIEF EXECUTIVE OFFICER AT THE LEAGUE. 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 FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EARNINGS IN UNCONSOLIDATED SUBSIDIARIES 3,682,336. NET INCOME FROM FLOWTHROUGH ENTITIES 12,002. 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. FORM 990, PART XI, LINE 8: CERTAIN ERRORS IN ACCOUNTING RESULTING IN AN OVERSTATEMENT OF PREVIOUSLY REPORTED DEFERRED TAX LIABILITIES, INCOME, AND NET ASSETS AND AN UNDERSTATEMENT OF PREVIOUSLY REPORTED DEFERRED REVENUE WERE IDENTIFIED DURING 2023. AS A RESULT, THE 2022 FINANCIAL STATEMENTS WERE RESTATED. LINE 8 OF PART XI REFLECTS THE PRIOR PERIOD ADJUSTMENT OF $2,994,337. 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 -11855 63174 0 -11855 1 0.12120 CU SOLUTIONS GROUP INCORPORATED PO BOX 8054 PLYMOUTH MI 481708054 383548085 CREDIT UNION SERVICES MI MICHIGAN CREDIT UNION LEAGUE C 1937935 62635004 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 492180 2196283 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 631716 ACTUAL COST MICHIGAN CREDIT UNION LEAGUE SERVICE CORP P 298705 ACTUAL COST MICHIGAN CREDIT UNION FOUNDATION B 83525 ACTUAL COST CURE DEFENSE FUND B 89000 ACTUAL COST