2025-05-15T14:49:13-07:00 2024-12-31 990 2024-01-01 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 2025-05-15 1 2024 2025-03-06 01:10:19Z GENISYS CREDIT UNION GENISYS CREDIT UNION 2100 EXECUTIVE HILLS BLVD AUBURN HILLS MI 48326 323477408 0 X www.genisyscu.org X 1953 MI Served 283,364 credit union members by providing financial services including various loan products as well as deposit products such as checking, savings, IRA and certificates. 8 8 674 7 342602 1908 0 0 192428821 235964148 20516072 37952326 42195251 49560934 255140144 323477408 0 0 0 0 43069234 46838218 0 0 0 130499544 190327299 173568778 237165517 81571366 86311891 4852563944 5307755202 4177293250 4533117896 675270694 774637306 X To promote thrift to 272,934 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 283,364 credit union members during 2024. 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 111905 0 1 674 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 0 X 3323813 0 36374 Nathan Davidson Chief Financial Officer 60 0 X 480720 0 70377 Allen Mitchell Business Loan 40 0 X 478226 0 29096 Donald White Mortgage officer 40 0 X 410338 0 39588 Lynn Dillon Mortgage Consultant 40 0 X 312271 0 40203 Matt Chapman Chief Information Officer 45 0 X 312679 0 37167 Michelle Mattson SVP Remote Delivery Channels 45 0 X 274994 0 58072 Andria George VP Human Resources 45 0 X 279890 0 24386 Jessica Buck VP of Lending 45 0 X 258818 0 24706 Heather Pizzala VP of Marketing 45 0 X 246283 0 19703 Brian Dowgiallo VP Risk Management 45 0 X 232842 0 31793 Sharon Nichols VP Sales and Service 45 0 X 234942 0 29252 Lance Smith VP of Real Estate Lending 45 0 X 232270 0 18971 Frank Klimczak Information Security Manager 40 0 X 217131 0 31599 Stacie Petrusha Mortgage Consultant 40 0 X 215346 0 31580 Brian Zabowski Board Chairperson 7 0 X 0 0 0 David Stolk Supervisory Committee Member 7 0 X 0 0 0 John Schulte Board Member 7 0 X 0 0 0 Peter Devita Board Member 7 0 X 0 0 0 Barbara Pasciolla Supervisory Committee Member 7 0 X 0 0 0 James Campbell Board Vice Chairperson 7 0 X 0 0 0 Greg Melega Board Secretary / Treasurer 7 0 X 0 0 0 Thomas Healy Board Member 7 0 X 0 0 0 Jennifer Rogers Board Member 7 0 X 0 0 0 Lisa Christenson Supervisory Committee Member 7 0 X 0 0 0 MiVida Burrus Supervisory Committee Chairperson 7 0 X 0 0 0 Andre Davis Supervisory Committee member 7 0 X 0 0 0 7510563 0 522867 50 0 1 0 MICHIGAN BUSINESS CONNECTION 2200 COMMONWEALTH BLVD STE 200 ANN ARBOR MI 48105 Loan services 1513013 MIDWEST LOAN SERVICES PO BOX 188 HOUGHTON MI 49931 Mortgage Loan servicing 847171 Launch Servicing LLC 402 W Broadway 20th Floor San Diego CA 92101 Loan servicing 498894 Madison One Lender Services 9375 East Shea Blvd Suite 100 Scottsdale AZ 85260 Business loan servicing 1531946 Butler Rowse-Oberle PLLC 24525 Harper Ave St Clair Shores MI 48080 Attorney 403055 15 0 Interest income on loans 522130 214699851 214699851 0 0 Fee income 525990 21264297 21110437 153860 0 0 0 0 0 235964148 37962999 37962999 0 0 0 0 0 0 0 0 0 0 0 0 0 -10673 0 0 0 -10673 -10673 -10673 0 0 Other revenue 525990 49560934 49372192 188742 0 0 0 0 0 49560934 323477408 323134806 342602 0 0 0 0 0 6228053 0 31492898 1815372 4233324 3068571 0 111953 71254 0 0 8759 257754 5200039 16687161 1653006 0 3868035 142298 0 121247 106961158 0 2380529 181287 Loan Losses 37361185 Loan Servicing 14651775 State Operating Fee 460893 Miscellaneous Expenses 80471 128495 237165517 0 0 0 18372052 20004943 227607982 349448709 0 46850959 59111601 7850000 7850000 0 0 3547250832 3813599485 0 0 2416429 2646964 104470881 44254169 57567727 60216712 843816764 868787179 15529219 16193000 0 0 0 2 85301980 109896607 4852563944 5307755202 59639520 50535137 0 0 0 0 0 0 0 0 0 0 135000000 85000000 0 3982653730 4397582759 4177293250 4533117896 X 0 0 0 0 675270694 774637306 675270694 774637306 4852563944 5307755202 X 86311891 12592370 0 0 0 462351 X 0 1 X 1 0 0 20442576 20442576 0 54582792 20625074 33957718 0 648405 636312 12093 0 28797108 22992783 5804325 0 0 0 0 60216712 0 Other liabilities 4397582759 4397582759 X X X 0 0 0 Jacqueline Buchanan President CEO 1598068 0 1685000 0 40745 0 27600 0 8773 0 3360186 0 0 0 Nathan Davidson Chief Financial Officer 346681 0 127000 0 7038 0 52555 0 17822 0 551096 0 0 0 Matt Chapman Chief Information Officer 250534 0 57500 0 4644 0 20292 0 16875 0 349845 0 0 0 Andria George VP Human Resources 219169 0 55707 0 5014 0 17152 0 7234 0 304276 0 0 0 Michelle Mattson SVP Remote Delivery Channels 214685 0 55635 0 4674 0 43409 0 14664 0 333067 0 0 0 Jessica Buck VP of Lending 204816 0 54002 0 0 0 16449 0 8258 0 283525 0 0 0 Heather Pizzala VP of Marketing 191220 0 50974 0 4089 0 15255 0 4448 0 265986 0 0 0 Lance Smith VP of Real Estate Lending 183075 0 47907 0 3960 0 14790 0 14462 0 264194 0 0 0 Brian Dowgiallo VP Risk Management 176750 0 53600 0 2492 0 14410 0 17383 0 264635 0 0 0 Lance Smith VP of Real Estate Lending 183159 0 45384 0 3728 0 14596 0 4375 0 251242 0 0 0 Allen Mitchell Business Loan 85006 0 388332 0 4888 0 26108 0 2988 0 507322 0 0 0 Donald White Mortgage officer 24003 0 385781 0 554 0 27600 0 11987 0 449925 0 0 0 Lynn Dillon Mortgage Consultant 24003 0 288268 0 0 0 25256 0 14947 0 352474 0 0 0 Frank Klimczak Information Security Manager 187390 0 25599 0 4142 0 15024 0 16575 0 248730 0 0 0 Stacie Petrusha Mortgage Consultant 24003 0 191343 0 0 0 17420 0 14160 0 246926 0 0 0 Schedule J, Part I, Line 3 Compease data is collected and reviewed by the compensation committee and approved by the Board Jacqueline Buchanan President - CEO to fund premiums X 7850000 7850000 0 1 1 7850000 Form 990, Part III, Line 1 To promote thrift to 283,364 credit union members by providing financial services including various loan products, deposit accounts, such as checking, savings, IRAs and certificates of deposit; electronic services inlcuding mobile banking, online banking e-statements, ATM and debit cards; and financial education programs and services. Form 990, Part VI, Section A, Line 6 The credit union is member owned. Form 990, Part VI, Section A, Line 7a The membership is invited to 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 2024. The process will be completed again in 2025. 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 headqurters 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 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 429271 actual