2025-10-09T14:22:19-05:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 381401260 OMNI COMMUNITY CREDIT UNION OMNI 2694411400 3141 CAPITAL AVE SW BATTLE CREEK MI 490154107 DEBI SOUTHWORTH CHIEF FINANCIAL OFFICER 2694411400 2025-10-09 1 0 AUBREY CLEGG P01076395 3052328272 2025-10-09 2024 2025-03-06 01:10:19Z MARK CRAMER 3141 SW CAPITAL AVE BATTLE CREEK MI 490154107 44287260 0 1359 X WWW.OMNICOMMUNITYCU.ORG X 1966 MI TO ENCOURAGE THRIFT AMONG ITS MEMBERS, PROVIDE A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS, AND PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. 6 6 230 6 112760 0 1500000 2976957 30799362 36514100 4565225 4683443 253550 112760 37118137 44287260 49880 51755 0 0 11290513 12676509 0 0 0 18531539 22740065 29871932 35468329 7246205 8818931 586743175 578424392 514295462 492745632 72447713 85678760 TO PROVIDE THE BEST POSSIBLE FINANCIAL SERVICES TO OUR MEMBERS AT COMPETITIVE RATES AND TO MAINTAIN THE CREDIT UNION'S LONG-TERM FINANCIAL STABILITY. 0 0 SERVED APPROXIMATELY 46,250 MEMBERS BY OFFERING LOANS, DEPOSITS, AND VARIOUS OTHER FINANCIAL PRODUCTS. 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21829 0 1 230 1 1 1 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 0 1 1 0 1 1 1 1 0 X DEBI SOUTHWORTH 2694411400 3141 CAPITAL AVE SW BATTLE CREEK MI 49015 ROBERT LAMBERT CHAIRPERSON 2.00 X 0 0 0 ROGER DAVIS CHAIRPERSON 2.00 X 0 0 0 WILLIAM WOODWARD VICE CHAIRPERSON 2.00 X 0 0 0 ROBIN WHITLOCK SECRETARY/TREASURER 2.00 X 0 0 0 MIKE WOOD DIRECTOR 2.00 X 0 0 0 TINA MCNEIL DIRECTOR 2.00 X 0 0 0 MARK CRAMER CEO 55.00 X 347729 0 88640 DEBI SOUTHWORTH CFO 55.00 X 261349 0 44727 CHRIS OVERBEEK CHIEF GROWTH OFFICER 55.00 X 203958 0 62771 PATRICE NEFF CHIEF HR OFFICER 55.00 X 206251 0 37845 SCOTT JOHNSTON CHIEF TECHNOLOGY OFFICER 55.00 X 300242 0 52023 DOMINIC TOCCI DIRECTOR OF SOFTWARE ENGINEERING 40.00 X 181580 0 13975 NICOLE KASPER CHIEF RETAIL OFFICER 55.00 X 149678 0 10733 1650787 0 310714 14 0 1 0 CO-OP SOLUTIONS 9692 HAVEN AVE SUITE 300 RANCHO CUCAMONGA CA 91730 ATM/DEBIT CARD PROCESSOR 1616787 MEMBER DRIVEN TECHNOLOGY 30230 ORCHARD LAKE RD FARMINGTON HILLS MI 48334 DATA PROCESSING 1613043 MASTERCARD INTERNATIONAL 2200 MASTERCARD BLVD OFALLON MO 63368 CARD PROVIDER 1353140 SIMON ASSOCIATES ADVERTISING 1960 BENEDICT CAYON DR BEVERLY HILLS CA 90210 ADVERTISING 235498 DOXIM IDS LLC 1911 WOODSLEE DR TROY MI 48083 STATEMENT/NOTICES MAILING 204617 20 2976957 2976957 LOAN INTEREST 522100 24180514 24180514 FEES & CHARGES 522100 12333586 12333586 36514100 4683443 4683443 FINANCE AND INSURANCE 520000 112760 112760 112760 44287260 41197543 112760 0 X 34755 17000 742445 9335440 560721 1310485 727418 85000 420363 656919 1452862 1698427 786740 138848 354 5414826 929371 140186 PROVISION FOR LOAN LOSS 4498000 ATM EXPENSES 2585045 LOAN SERVICING 1643437 VISA DEBIT/CREDIT EXPEN 745855 1543832 35468329 6116151 6303498 8626883 28941073 7449 19649 310469172 334688847 1097061 1504100 30442653 14907905 15853065 15534748 215263745 159025716 2450900 1706900 26858749 30699861 586743175 578424392 7664799 5351422 11000000 495630663 487394210 514295462 492745632 X 0 0 0 0 72447713 85678760 72447713 85678760 586743175 578424392 X 8818931 4449670 -37554 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2224552 2224552 19383402 7171321 12212081 120876 120876 0 8713823 7615708 1098115 15534748 ACCRUED INTEREST RECEIVABLE 1813902 CDA 1624919 CUNA PREFUNDING 9932654 INVESTMENT IN CUSO'S 7333380 NCUSIF DEPOSIT 4658996 OTHER ASSETS 5336010 30699861 SHARE ACCOUNTS 171393464 HI-YIELD ACCOUNTS 124492284 INDIVIDUAL RETIREMENT ACCOUNTS 13149196 SHARE DRAFT ACCOUNTS 98712562 CERTIFICATES OF DEPOSIT AND IRA CERTIFICATES 79646704 487394210 X 44287260 0 44287260 0 44287260 35468329 0 35468329 0 35468329 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE AND IRC SECTION 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. 1 KALAMAZOO HUMANE SOCIETY 2272 RIVER ST KALAMAZOO MI 49048 381474932 501(C)(3) 6969 0 CONTRIBUTION TO A SOCIETY FOCUSED ON THE PREVENTION OF PET OVERPOPULATION AND AFFORDABLE ACCESS TO VETERINARY CARE. TALONS OUT HONOR FLIGHT PO BOX 280 PORTAGE MI 49081 462520196 501(C)(3) 6804 0 TO FLY VETERANS AT NO CHARGE TO WASHINGTON DC TO VISIT THE MEMORIALS THAT ARE DEDICATED TO THOSE THAT HONOR THEIR SACRIFICES. CURRENTLY TALONS OUT HONOR FLIGHT IS FLYING WWII, KOREAN, AND TERMINALLY ILL VETERANS FROM OTHER CONFLICTS. SPECIAL OLYMPICS 160 68TH ST SW GRAND RAPIDS MI 49548 381964643 501(C)(3) 8934 0 CONTRIBUTING TO YEAR-ROUND SPORTS TRAINING, ATHLETIC COMPETITION, HEALTH AND SCHOOL PROGRAMS FOR NEARLY 23,000 CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES. THE HAVEN OF REST 11 GREEN ST BATTLE CREEK MI 49014 386122756 501(C)(3) 7089 0 SUPPORT FOR EMERGENCY SHELTER AND MEALS, CASE MANAGEMENT AND LIFE SKILLS TRAINING, RESIDENTIAL SUBSTANCE ABUSE TREATMENT AND TRANSITIONAL HOUSING MINISTRY, AND TRANSITIONAL HOUSING AND LIFE SKILLS TRAINING. 4 0 SCHOLARSHIPS 4 17000 PART I, LINE 2: THE CREDIT UNION HAS A COMMITTEE THAT REVIEWS SUBMISSIONS FOR THE GRANT PROGRAM. THE COMMITTEE REVIEWS REQUIRED DOCUMENTS AND THEN SUBMITS THE WINNERS TO OUR BOARD OF DIRECTORS FOR FINAL APPROVAL. FORM 990, SCH I, PART III OMNI COMMUNITY CREDIT UNION'S SCHOLARSHIP PROGRAM PROVIDES THE OPPORTUNITY TO APPLY FOR SCHOLARSHIPS TO HELP WITH COSTS OF A HIGHER EDUCATION TO THE COLLEGE, UNIVERSITY OR VOCATIONAL SCHOOL OF YOUR CHOICE. THE CREDIT UNION GRANTED $5,000 SCHOLARSHIPS TO THREE HIGH SCHOOL SENIORS AND ONE $2,000 DORORTHY A. THOMAS SCHOLARSHIP TO ONE FEMALE SENIOR WHO HAS A PROVEN TRACK RECORD IN COMMUNITY SERVICES. STUDENTS MUST BE MEMBERS OF THE CREDIT UNION IN ORDER TO BE ELIGIBLE FOR THE SCHOLARSHIP. ALL SCHOLARSHIP WINNERS MUST SUBMIT A SENIOR PICTURE UPON RECEIVING THE NEWS THAT THEY HAVE WON IN ORDER TO RECEIVE THE SCHOLARSHIP MONEY. X 1 1 X X X 0 1 0 MARK CRAMER CEO 300000 0 41933 0 5796 0 62391 0 26249 0 436369 0 0 0 SCOTT JOHNSTON CHIEF TECHNOLOGY OFFICER 255085 0 31325 0 13832 0 29992 0 22031 0 352265 0 0 0 DEBI SOUTHWORTH CFO 230789 0 27950 0 2610 0 43797 0 930 0 306076 0 0 0 CHRIS OVERBEEK CHIEF GROWTH OFFICER 178586 0 23251 0 2121 0 39441 0 23330 0 266729 0 0 0 PATRICE NEFF CHIEF HR OFFICER 186527 0 16536 0 3188 0 37052 0 793 0 244096 0 0 0 DOMINIC TOCCI DIRECTOR OF SOFTWARE ENGINEERING 168967 0 3200 0 9413 0 13517 0 458 0 195555 0 0 0 NICOLE KASPER CHIEF RETAIL OFFICER 127045 0 14734 0 7899 0 10208 0 525 0 160411 0 0 0 PART I, LINE 4B THE CREDIT UNION ESTABLISHED A 457(F) PLAN FOR CERTAIN EXECUTIVES, INCLUDING THE NEWLY NAMED CEO, MARK CRAMER, CMO, CHRIS OVERBEEK, CFO, DEBI SOUTHWORTH, CTO, SCOTT JOHNSTON, AND CHRO, PATRICE NEFF. PER THE PLAN THE PARTICIPANT BECOMES 10% ACCRUED AT THE TIME OF CONTRIBUTION AND ANOTHER 10% ACCRUED IN EACH SUBSEQUENT YEAR, WITH THE PARTICIPANT BEING FULLY ACCRUED IN A CONTRIBUTION AT THE END OF THE 9TH SUBSEQUENT YEAR. AS OF DECEMBER 31, 2024 THE CEO HAD EARNED $132,000 OF THE $245,000 THAT THE CREDIT UNION CONTRIBUTED INTO THE PLAN, THE CMO HAD EARNED $76,000 OF THE $145,000 THAT THE CREDIT UNION CONTRIBUTED INTO THE PLAN, THE CFO HAD EARNED $78,500 OF THE $150,000 THAT THE CREDIT UNION CONTRIBUTED INTO THE PLAN, THE CTO HAD EARNED $10,000 OF THE $50,000 THAT THE CREDIT UNION CONTRIBUTED INTO THE PLAN, AND THE CHRO HAD EARNED $65,500 OF THE $135,000 THAT THE CREDIT UNION CONTRIBUTED INTO THE PLAN. FORM 990, PART VI, SECTION A, LINE 6 ALL ACCOUNT HOLDERS ARE REFERRED TO AS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A WHEN A DIRECTOR'S TERM IS UP, WE HAVE AN ELECTION WHERE OUR MEMBERSHIP VOTES, TO EITHER RE-ELECT A DIRECTOR OR ELECT A NEW DIRECTOR. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE CFO AND CEO REVIEW FORM 990 PRIOR TO FILING. A COPY OF THE COMPLETED FORM 990 IS MADE AVAILABLE TO THE MEMBERS OF THE BOARD TO REVIEW UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES THE CEO'S COMPENSATION. THE CEO APPROVES THE COMPENSATION FOR THE OTHER MEMBERS OF THE MANAGEMENT TEAM THROUGH THE USE OF A SALARY COMPENSATION STUDY. THE MANAGMENT TEAM'S COMPENSATION IS EVALUATED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY, QUARTERLY FINANCIAL STATEMENTS ARE AVAILABLE ONLINE FOR PUBLIC VIEWING VIA NCUA.GOV. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES 420,363. FORM 990, PART IX, LINE 24E MISCELLANEOUS 692,925. MAINTENANCE 656,211. TRAINING AND EDUCATION 194,696. FORM 990, PART XI, LINE 9: NET CHANGE IN UNREALIZED GAINS ON POSTRETIREMENT PLAN OBLIGATIONS -37,554. CUMULATIVE EFFECT FROM CHANGE IN ACCOUNTING PRINCIPLE FORM 990, PART XII, LINE 2C: WE HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPEDENT ACCOUNTANT. OUR PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART IV, LINE 28C: MARK CRAMER, CEO, IS ON THE BOARD OF DIRECTORS FOR MEMBER FIRST MORTGAGE AND COMMERCIAL ALLIANCE. HE DOES NOT RECEIVE ANY COMPENSATION AS A BOARD MEMBER.