2024-04-17T13:59:23-07:00 2023-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2023-01-01 381448844 MICHIGAN UNITED CREDIT UNION MICH 2486475958 576 E LINCOLN BIRMINGHAM MI 48009 ANDREW STALEY President & CEO 2024-04-17 true ANDREW STALEY 999009999 true Donald E Lingerfelt P00339004 8005225820 0 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z ANDREW STALEY 576 E LINCOLN BIRMINGHAM MI 48009 14355199 false X HTTPS://MICHIGANUNITEDCU.ORG X 1931 MI WE STRIVE TO IMPROVE THE FINANCIAL LIVES OF OUR MEMBERS THROUGH EDUCATION, TRUST, AND INNOVATIVE PRODUCTS AND SERVICES. 11 11 103 11 88373 0 10161930 11999945 1760479 2355254 0 11922409 14355199 0 0 5229990 5692879 0 0 4825961 7043446 10055951 12736325 1866458 1618874 357324452 367730295 324176449 333174033 33148003 34556262 WE STRIVE TO IMPROVE THE FINANCIAL LIVES OF OUR MEMBERS THROUGH EDUCATION, TRUST, AND INNOVATIVE PRODUCTS AND SERVICES. false false THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, CERTIFICATES AND OTHER. THE TOTAL NUMBER OF ACTIVE MEMBERS AT 12/31/2023 WAS 24,611 THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/2023 WAS 15,048 OFFER AUTOMATED TELLER MACHINES, DEBIT CARDS, CHECK CASHING, WIRE TRANSFERS, MONEY ORDERS, TRAVELER'S CHECKS, COURTESY PAY, FINANCIAL EDUCATION & COUNSELING AND VARIOUS INSURANCE PROGRAMS. false false false false false false false false false true true false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 3050 0 true 103 true true true false false false false false false false X 11 11 false false false false true true true true false false true true false true true true true true true true false X ANDREW STALEY 2486475958 576 E LINCOLN BIRMINGHAM MI 48009 ANDREW STALEY President & CEO 40.00 0.00 X 313960 0 47366 GERRY COYNE Vice President 40.00 0.00 X 152915 0 31632 SAMIR SHABANDER CFO 40.00 0.00 X 132297 0 30473 ALISA WILLIAMS Vice President 40.00 0.00 X 120035 0 28435 ANNETTE SWIDWINSKI Vice President 40.00 0.00 X 124993 0 11266 STACY WILSON Vice President 40.00 0.00 X 39475 0 4449 RICHARD PERRY Chairman 1.00 0.00 X 0 0 0 JAMES STEVENSON Director 1.00 0.00 X 0 0 0 NORMAN JUCHNO Secretary 1.00 0.00 X 0 0 0 ELIZABETH MOREHOUSE Director 1.00 0.00 X 0 0 0 ROBERT KUPFER Director 1.00 0.00 X 0 0 0 LESLIE LOGAN Treasurer 1.00 0.00 X 0 0 0 LARRY JONES Director 1.00 0.00 X 0 0 0 GLEN MITCHELL Director 1.00 0.00 X 0 0 0 MARK BRACKON Director 1.00 0.00 X 0 0 0 DONALD HEYDENS Director 1.00 0.00 X 0 0 0 GEORGE WIEGAND Director 1.00 0.00 X 0 0 0 883675 153621 5 false true false CUANSWERS 6000 28TH ST GRAND RAPIDS MI 49546 DATA PROCESSING 761960 HEALTH ALLIANCE PLAN 2850 W GRAND BLVD DETROIT MI 48202 HEALTH INSURANCE 546057 FIS 11601 ROOSEVELT BLVD ST PETERSBURG FL 337162202 PLASTICS PROCESSOR 598525 Marquis Software Solutions 5208 Tennyson Pkwy Suite 120 PLANO TX 75024 DIGITAL SOLUTIONS 183907 VISA PO Box 8999 SAN FRANCISCO CA 94128 CREDIT CARD PROCESSOR 102671 11 0 FEES AND CHARGES 525990 1422594 1422594 INSURANCE RELATED REVENUE 524298 68476 68476 INTERCHANGE INCOME 525990 1161371 1161371 INTEREST ON LOANS 522100 9327607 9327607 NON MEMBER ATM FEES 525990 17162 17162 2735 2735 11999945 2355254 2355254 0 0 0 0 0 0 0 0 14355199 14266826 88373 0 0 0 0 1037296 0 3547213 210272 545126 352972 0 9108 0 0 0 0 0 398557 1121398 583937 0 687619 14964 0 72430 2338550 13003 581987 91956 LOAN SERVICING EXPENSE 723432 PROVISION FOR LOAN LOSS 153566 MISC 116923 PRO SERVICES 78062 57954 12736325 0 0 0 3079790 3212309 51660194 74183593 0 710862 271956 0 0 185603294 222582772 0 805244 1829182 8388733 2318695 6209541 6070038 49379492 25800502 53221596 23268262 0 1477109 1177896 5177330 9333785 357324452 367730295 10408064 2282126 313768385 330891907 324176449 333174033 X 33148003 34556262 33148003 34556262 357324452 367730295 X 1618874 175964 -386579 X false false false 2321872 2321872 3883040 979417 2903623 522410 284390 238020 356771 259502 97269 1304640 795386 509254 6070038 23268262 OTHER LIABILITIES -5207 SHARES 330897114 330891907 false false false ANDREW STALEY President & CEO 273960 40000 25200 22166 361326 GERRY COYNE Vice President 145415 7500 12233 19399 184547 SAMIR SHABANDER CFO 124797 7500 11144 19329 162770 Form 990, Part VI, Section A, Line 6 THE CREDIT UNION HAS SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE, AND VOTING Form 990, Part VI, Section A, Line 7a THE BOARD OF DIRECTORS ARE ELECTED FOR THREE YEAR TERMS AT THE ANNUAL MEETING IN MARCH OF EACH YEAR ON A ROTATING BASIS. Form 990, Part VI, Section A, Line 7b CREDIT UNION DECISIONS THAT ARE SUBJECT TO MEMBERSHIP APPROVAL ARE MERGERS. Form 990, Part VI, Section B, Line 11b A REVIEW IS CONDUCTED BY THE CEO/PRESIDENT PRIOR TO SUBMISSION TO THE IRS. COPIES ARE MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW. Form 990, Part VI, Section B, Line 12c POLICY IS REVIEWED ANNUALLY, AT WHICH TIME DISCLOSURES, IF ANY, ARE REVIEWED. Form 990, Part VI, Section B, Line 15a THE CEO/PRESIDENT'S COMPENSATION IS REVIEWED ANNUALLY BASED ON PERFORMANCE. THE BOARD OF DIRECTORS UTILIZE SALARY SURVEYS TO APPROVE COMPENSATION. A COMPENSATION SURVEY IS USED AND REVIEWED WITH THE BOARD OF DIRECTORS. THE CEO/PRESIDENT CONDUCTS THE REVIEW OF THE EXECUTIVE VICE PRESIDENT . Form 990, Part VI, Section B, Line 15b THE CEO/PRESIDENT CONDUCTS THE REVIEW OF THE EXECUTIVE VICE PRESIDENTS. Form 990, Part VI, Section C, Line 19 FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY. OTHER DOCUMENTS AND POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST. Form 990, Part XI, Line 9 ONE TIME CECL ADJUSTMENT = -$386579