2026-08-04T09:55:51-05:00 2025-12-31 383567911 REHMANN ROBSON LLC PO BOX 2025 SAGINAW MI 486052025 990 2025-01-01 381440283 DORT FINANCIAL CREDIT UNION DORT 8107678390 9408 HOLLY RD GRAND BLANC MI 48439 BRIAN WALDRON PRESIDENT/CEO 8107678390 2026-08-03 1 JEFFREY E HERT CPA P00066715 9897999580 2026-07-28 2025 2025-03-06 01:10:19Z FLAGLER CREDIT UNION BRIAN WALDRON 9408 HOLLY RD GRAND BLANC MI 48439 168927254 0 X WWW.DORTONLINE.ORG X 1951 MI PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS. 9 9 433 9 132198 0 0 0 144302390 158629577 12379424 10140365 0 0 156681814 168769942 446427 590059 0 0 35717366 41466258 0 0 0 107650128 114258468 143813921 156314785 12867893 12455157 2316815802 2307876060 2097096896 2071088492 219718906 236787568 OPENING DOORS TO OUR MEMBERS BY PROVIDING QUALITY FINANICAL SERVICES. 0 0 PROVIDE 119,583 MEMBERS WITH REGULAR SHARES, SHARE DRAFT, CERTIFICATES OF DEPOSIT, AND IRA ACCOUNTS TOTALING $2,035,162,204. PROVIDE 96,188 LOANS INCLUDING VEHICLE, CREDIT CARD, HOME EQUITY, BUSINESS, PERSONAL, BOAT, MOTORCYCLE, AND MORTGAGES. OFFICER AUTOMATED TELLER MACHINES, DEBIT CARDS, MONEY ORDERS, CHECK CASHING, TRAVELERS CHECKS, OVERDRAFT PROTECTION/COURTESY PAY, BILL PAY, AND VARIOUS INSURANCE AND INVESTMENT PROGRAMS. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 36409 0 1 433 1 1 1 0 0 0 0 0 1 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JEREMY ZAGER 8107678390 9048 HOLLY RD GRAND BLANC MI 48439 WAYNE NATZKE CHAIRMAN OF THE BOARD 5.00 X X 0 0 0 DANA STODDARD FIRST VICE CHAIR 5.00 X X 0 0 0 DOUGLAS KIDD SECOND VICE CHAIR 5.00 X X 0 0 0 DIANE PIERCY SECRETARY 5.00 X X 0 0 0 JEFF SELLS TREASURER 5.00 X X 0 0 0 BRUCE ALLAN DIRECTOR 5.00 X X 0 0 0 BEVERLY KITTLE DIRECTOR 5.00 X X 0 0 0 RACHEL BALDWIN DIRECTOR 5.00 X X 0 0 0 BRAD WILLETT DIRECTOR 5.00 X X 0 0 0 BRIAN WALDRON PRESIDENT/CEO 50.00 X 1094329 0 55177 JEREMY ZAGER CHIEF FINANCIAL OFFICER 50.00 X 358104 0 52545 EDWARD STERLING EVP, FLORIDA MARKET 50.00 X 370454 0 50401 SHARON LOBO EVP, MEMBER EXPERIENCE 50.00 X 353429 0 49661 DEANA TURCOTT EVP, ADMINISTRATION 50.00 X 344001 0 46123 MICHAEL ANDERSON CHIEF INFORMATION SYSTEMS OFFICER 50.00 X 295106 0 43908 DANIEL GATFIELD CHIEF RETAIL OFFICER 50.00 X 251335 0 30560 ADAM KOISHOR CHIEF STRATEGY OFFICER 50.00 X 243940 0 42136 JOSE CANO VP OF COMMERCIAL LENDING 50.00 X 281348 0 37030 DEREK DRAKE VP OF ENTERPRISE RISK MANAGEMENT 50.00 X 236445 0 34790 DREW GOODRICH INVESTMENT ADVISOR 50.00 X 216636 0 37751 ANNA MORRIS REGIONAL BRANCH OPERATIONS MANAGER 50.00 X 198103 0 33018 KEVIN CARAGAY COMMERCIAL LENDING MANAGER 50.00 X 193286 0 36391 4436516 0 549491 13 0 1 0 NCR VOYIX CORPORATION 864 SPRING STREET ATLANTA GA 30308 TECHNOLOGY 2345603 VISA USA PO BOX 742233 LOS ANGELES CA 90074 DATA PROCESSING 1918879 INFORMA BUSINESS SOLUTIONS 5170 HARTSHORN DRIVE FLUSHING MI 48433 TECHNOLOGY 1785801 FLORIDA ATLANTIC UNIVERSITY 777 GLADES ROAD BOCA RATON FL 33431 MARKETING 1350000 TRACE3 LLC PO BOX 603915 CHARLOTTE NC 28260 SECURITY 1238239 72 MEMBER LOAN INCOME 522100 126313222 126313222 FEE AND OTHER INCOME 524298 32316355 32184157 132198 158629577 10222189 10222189 75488 53352 103960 -53352 -28472 -81824 -81824 168769942 158497379 132198 10140365 560059 30000 3681209 29237389 2383746 3828903 2335011 66246 927318 3310573 5397603 1516667 5073223 1101108 5000 56071046 3199195 516890 LOAN SERVICING 14260151 PROVISION FOR LOAN LOSS 10907971 CARD PROCESSING 8334632 REPAIRS AND MAINTENANCE 3004109 566736 156314785 140980562 73493544 5352866 8174069 10474214 10736070 1761770710 1824826721 9879168 12043276 68533255 26863008 39187547 41670247 96085015 84087022 148887531 152415003 71960412 68674124 32237777 31755984 2316815802 2307876060 22286706 33497009 2508414 3106835 67500000 0 2004801776 2034484648 2097096896 2071088492 X 0 0 0 0 219718906 236787568 219718906 236787568 2316815802 2307876060 X 12455157 4988023 -374518 X X 0 1 X 1 0 0 0 9973669 9973669 30426567 11704796 18721771 324290 324290 0 24272451 14833922 9438529 3536278 3536278 41670247 MORTGAGE BACKED SECURITIES 34533765 F COLLATERALIZED MORTGAGE OBLIGATIONS 80856053 F SMALL BUSINESS ADMINISTRATION SECURITIES 2887143 F REDEEMABLE CORPORATE PREFERRED STOCK 13896564 F CORPORATE BONDS 14090078 F FED HOME LOAN BANK STOCK 4951400 F ALLOYA CAPITAL 1200000 F 152415003 MEMBERS SHARES AND DEPOSITS 1769841648 NONMEMBER CERTIFICATES OF DEPOSIT 264643000 2034484648 X 173411919 4988023 -374518 4613505 168798414 -28472 -28472 168769942 156343257 28472 28472 156314785 0 156314785 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS EVALUATED ITS INCOME TAX FILING POSITIONS FOR THE YEARS 2022 THROUGH 2025, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF DECEMBER 31, 2025. THE CREDIT UNION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE CREDIT UNION'S FINANCIAL STATEMENTS. THE CREDIT UNION 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 CHANGE IN THE NEXT 12 MONTHS. THE CREDIT UNION DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT DECEMBER 31, 2025 AND 2024, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: POST RETIREMENT BENEFIT PLAN -374,518. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS -28,472. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS 28,472. PART IV, LINE 2B CUSTODIAL ACCOUNTS ARE MAINTAINED FOR MORTGAGES. 1 SLOAN MUSEUM 1221 E KEARSLEY STREET FLINT MI 48503 822978635 501(C)(3) 16500 0 DONATION YMCA OF GREATER FLINT 801 SAGINAW STREET FLINT MI 48502 381358056 501(C)(3) 90000 0 DONATION FLINT & GENESEE GROUP 519 S SAGINAW STREET SUITE 200 FLINT MI 48502 203904349 501(C)(6) 7130 0 DONATION WHALEY CHILDRENS CENTER INC 1201 N GRAND TRAVERSE FLINT MI 48503 381358235 501(C)(3) 9700 0 DONATION HURLEY FOUNDATION 1 HURLEY PLAZA FLINT MI 48503 383085047 501(C)(3) 27120 0 DONATION RAINBOW CONNECTION 621 W UNIVERSITY ROCHESTER MI 48307 382608775 501(C)(3) 6000 0 DONATION COMMUNITY FOUNDATION OF GREATER FLINT 500 S SAGINAW STREET SUITE 200 FLINT MI 48502 382190667 501(C)(3) 10000 0 DONATION CITY OF SWARTZ CREEK 8083 CIVIC DRIVE SWARTZ CREEK MI 48473 481000000 GOV 25000 0 DONATION 7 1 SCHOLARSHIPS 15 30000 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED BASED ON AN APPLICATION PROCESS AND SCORED EVALUATION USING A RUBRIC OF ALL COMPLETE APPLICATIONS RECEIVED. WINNERS ARE SELECTED BY A COMMITTEE OF VOLUNTEERS BASED ON RANKED SCORES. X X X 1 1 X X X 0 1 0 BRIAN WALDRON PRESIDENT/CEO 643130 0 451199 0 0 0 35064 0 20113 0 1149506 0 0 0 EDWARD STERLING EVP, FLORIDA MARKET 333569 0 36885 0 0 0 34360 0 16041 0 420855 0 0 0 JEREMY ZAGER CHIEF FINANCIAL OFFICER 328062 0 30042 0 0 0 33727 0 18818 0 410649 0 0 0 SHARON LOBO EVP, MEMBER EXPERIENCE 327200 0 26229 0 0 0 33620 0 16041 0 403090 0 0 0 DEANA TURCOTT EVP, ADMINISTRATION 319364 0 24637 0 0 0 27305 0 18818 0 390124 0 0 0 MICHAEL ANDERSON CHIEF INFORMATION SYSTEMS OFFICER 267212 0 27894 0 0 0 25090 0 18818 0 339014 0 0 0 JOSE CANO VP OF COMMERCIAL LENDING 249445 0 31903 0 0 0 25718 0 11312 0 318378 0 0 0 ADAM KOISHOR CHIEF STRATEGY OFFICER 226778 0 17162 0 0 0 23381 0 18755 0 286076 0 0 0 DANIEL GATFIELD CHIEF RETAIL OFFICER 222743 0 28592 0 0 0 11828 0 18732 0 281895 0 0 0 DEREK DRAKE VP OF ENTERPRISE RISK MANAGEMENT 217740 0 18705 0 0 0 16231 0 18559 0 271235 0 0 0 DREW GOODRICH INVESTMENT ADVISOR 50391 0 166245 0 0 0 20600 0 17151 0 254387 0 0 0 ANNA MORRIS REGIONAL BRANCH OPERATIONS MANAGER 177676 0 20427 0 0 0 18319 0 14699 0 231121 0 0 0 KEVIN CARAGAY COMMERCIAL LENDING MANAGER 174082 0 19204 0 0 0 17948 0 18443 0 229677 0 0 0 PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL IS A BENEFIT FOR VOLUNTEERS AND SELECT MEMBERS OF SENIOR MANAGEMENT. TRAVEL EXPENSES FOR COMPANIONS ARE TREATED AS TAXABLE COMPENSATION. TRAVEL FOR COMPANIONS OF VOLUNTEERS AND SENIOR MANAGEMENT IS TREATED AS TAXABLE COMPENSATION. PART I, LINE 4B BRIAN WALDRON PARTICIPATED IN A SPLIT DOLLAR COLLATERAL INSURANCE SUPPLEMNTAL RETIREMENT PLAN - HIS LOAN RELATED TO THIS PLAN IS SHOWN ON SCHEDULE L. DORT FINANCIAL CREDIT UNION HAS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). IN 2025, BRIAN WALDRON ACCRUED BENEFITS AS A PARTICIPANT IN THE SERP PLAN, BUT DID NOT VEST IN THE PLAN. BRIAN WALDRON PRESIDENT/CEO SPLIT DOLLAR LIFE INSURANCE X 10060262 10736070 0 1 1 10736070 FORM 990, PART VI, SECTION A, LINE 6 ALL ACCOUNT HOLDERS ARE REFERRED TO AS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SPECIFIED IN THE BYLAWS ARE REQUIRED TO BE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND CFO REVIEW AND APPROVE PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE COMPLETED ANNUALLY AND ANSWERS ARE REVIEWED BY HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION USES A 3RD PARTY SOFTWARE (COMPEASE) TO SET SALARIES VIA PAY GRADES FOR ALL POSITIONS IN THE CREDIT UNION. INFORMATION IS PROVIDED INDEPENDENTLY BY A 3RD PARTY, IS UPDATED ANNUALLY IN THE 3RD OR 4TH QUARTER OF EVERY YEAR, AND IS IMPLEMENTED IN APRIL OF THE FOLLOWING YEAR. ALL PAY GRADES ARE REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 CREDIT UNION BYLAWS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE CREDIT UNION'S MAIN OFFICE. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF ALL CREDIT UNION BRANCH LOCATIONS WHICH ARE ACCESSIBLE TO THE GENERAL PUBLIC. THE QUARTERLY FINANCIAL PERFORMANCE REPORTS ARE ALSO AVAILABLE AT WWW.NCUA.GOV. FORM 990, PART XI, LINE 9: CHANGES IN POSTRETIREMENT BENEFIT PLAN -374,518. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM PRIOR YEARS.