2024-11-15T15:09:51-06:00 2023-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2023-01-01 381628275 ALLIANCE CATHOLIC CREDIT UNION ALLI 8779502228 28800 ORCHARD LAKE ROAD FARMINGTON HILLS MI 48334 DAN DAVIDSON EVP/COO 8779502228 2024-11-15 1 0 JACK C TRACY P01974742 2482443000 2024-11-15 2023 2024-10-15 13:58:12Z DAN DAVIDSON 28800 ORCHARD LAKE ROAD FARMINGTON HILLS MI 48334 30608113 0 X WWW.ALLIANCECCU.COM X 1956 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 7 7 159 8 26075 0 0 0 16104519 19414139 3862093 7531701 3212515 3662273 23179127 30608113 128787 121172 0 0 9866866 12069721 0 0 0 11632103 17875253 21627756 30066146 1551371 541967 638619506 637845786 592252763 586203437 46366743 51642349 TO PROVIDE TRUSTED FINANCIAL SERVICES, INSPIRED BY CATHOLIC VALUES AND TRADITIONS, TO ENHANCE THE FINANCIAL WELL-BEING OF OUR CATHOLIC COMMUNITY AND THE NEIGHBORS WE SERVE. 0 0 PROVIDE 32,361 MEMBERS WITH REGULAR SHARES, CHRISTMAS CLUB, CHECKING, MONEY MARKET, CERTIFICATES OF DEPOSIT, AND IRAS WITH AGGREGATE DEPOSIT BALANCES THAT APPROXIMATED $570,215,000 AS OF DECEMBER 31, 2023. PROVIDE 28,894 LOANS INCLUDING NEW AND USED VEHICLES, REVOLVING CREDIT, TUITION, OVERDRAFT, COMMERCIAL, MORTGAGES, CREDIT CARDS AND STUDENTS LOANS WITH AGGREGATE LOAN BALANCES THAT APPROXIMATED $287,149,000 AS OF DECEMBER 31, 2023. OFFER ATM/DEBIT CARDS, WIRE TRANSAFERS, MONEY ORDERS, COURTESY PAY, GIFT CARDS, BILL PAY, SAFE DEPOSIT BOX RENTALS, CHECK CASHING, COIN COUNTING, SHARED BRANCHING, MOBILE BANKING AND VARIOUS INSURANCE PRODUCTS TO ALL ELIGIBLE MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 9651 0 1 159 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SHARON BURNS 8779502228 28800 ORCHARD LAKE ROAD FARMINGTON HILLS MI 48334 JOE VALENTIC CHAIRPERSON 1.00 X 0 0 0 KURT GODFREY VICE CHAIRPERSON 1.00 X 0 0 0 RICHARD SAAD SECRETARY 1.00 X 0 0 0 PHILLIP MOREY TREASURER 1.00 X 0 0 0 MARK VALERIUS DIRECTOR 1.00 X 0 0 0 THANE NAMY DIRECTOR 1.00 X 0 0 0 MIKE OPATIK DIRECTOR 1.00 X 0 0 0 VERONICA NORTH ASSOCIATE DIRECTOR 1.00 X 0 0 0 ROBERT GRECH PRESIDENT/CEO 40.00 X 472371 0 321372 DANIEL DAVIDSON EVP/COO 40.00 X 312449 0 201992 MICHAEL BAHORSKI CFO 40.00 X 119385 0 10287 RANDALL RICHMOND CLO 40.00 X 265030 0 124126 CHERYL MALLARD CTO 40.00 X 218894 0 41466 CHERYL ALLMACHER VP DIGITAL TRANSFORMATION 40.00 X 137745 0 25535 KEITH BURKE VP-MARKETING 40.00 X 136103 0 32981 CATHERINE MOREY VP-RISK MANAGEMENT 40.00 X 131793 0 45258 ADAM TONGE VP-RETAIL 40.00 X 134400 0 17489 THOMAS C LEDUC CONSUMER PROTECTION 40.00 X 137063 0 11030 2065233 0 831536 13 0 1 0 MDT 30230 ORCHARD LAKE RD FARMINGTON HILLS MI 48334 TECHNOLOGY SERVICES 848224 DOLPHIN DEBIT ACCESS 1340 RAYFORD PARK RD SPRING TX 77386 ATM MANAGEMENT 540294 AVALON TECHNOLOGIES 39533 WOODWARD AVE STE 125 BLOOMFIELD HILLS MI 48304 TECHNOLOGY EQUIPMENT 402419 ALKAMI TECHNOLOGY PO BOX 122223 DALLAS TX 75312 DIGITAL BANKING 401875 MCQUEEN FINANCIAL ADVISORS PO BOX 87186 CAROL STREAM IL 60188 INVESTMENT/ALM ADVISING 146795 7 INTEREST INCOME ON LOANS 522100 14903427 14903427 FEE INCOME 522100 4484637 4484637 FINANCE AND INSURANCE 520000 26075 26075 19414139 7531701 7531701 72534 0 72534 72534 72534 MISCELLANEOUS INCOME 522100 2344811 2344811 INCOME FROM CUSOS 522100 1244928 1244928 3589739 30608113 22977803 26075 7604235 X 121172 2087372 8373207 338610 588904 681628 392684 10307 73578 1178254 357376 3464746 159355 1030368 15516 5549607 1678536 145854 LOAN SERVICING 2153186 PROVISION FOR LOAN LOSS 998337 STAFF EXPENSES 437680 MISCELLANEOUS EXPENSES 229869 30066146 4019984 4395361 20421151 41751649 2817874 2224057 265935512 285241074 1534142 1543965 29649602 12045834 18026480 17603768 293848058 248211129 32016305 36874783 638619506 637845786 5729387 5988188 10000000 586523376 570215249 592252763 586203437 X 0 0 0 0 46366743 51642349 46366743 51642349 638619506 637845786 X 541967 5363033 -629394 X X 0 1 X 1 0 2921303 2921303 17299893 4717866 12582027 1518552 1160799 357753 5245066 4050347 1194719 2664788 2116822 547966 17603768 AFS INVESTMENTS 227481129 F CERTIFICATES OF DEPOSIT 20130000 F PERPETUAL MEMBER CAPITAL 600000 C 248211129 457B 540212 ACCRUED INTEREST ON INVESTMENTS 993652 ACCRUED INTEREST ON LOANS 821785 CO-OP 487270 CUSO INVESTMENT 16492442 DEFERRED COMPENSATION 5014776 FHLB STOCK 1350000 NCUSIF 5498819 OTHER ASSETS 3292027 RIGHT OF USE ASSETS 2316551 WORK IN PROGRESS 67249 36874783 CERTIFICATES OF DEPOSIT 99727817 IRA SHARES 16938006 MONEY MARKET 98503371 REGULAR SHARES 205856806 SHARE DRAFTS 149189249 570215249 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE (IRC SECTION 501(C)14), FROM FEDERAL AND STATE INCOME TAXES. 1 ALLIANCE CATHOLIC FOUNDATION INC 28800 ORCHARD LAKE RD FARMINGTON HILLS MI 48334 822671837 501(C)(3) 121172 0 SCHOLARSHIP FUND 1 0 PART I, LINE 2: THIS IS A CHARITABLE CONTRIBUTION, NOT A GRANT. HOWEVER, AS THE SPONSOR OF THE FOUNDATION, ALLIANCE CATHOLIC CREDIT UNION MONITORS THE CHARITABLE DONATIONS BY THE FOUNDATION TO ENSURE THEY ALIGN WITH THE FOUNDATION'S EXEMPT PURPOSE AND GIVING INITIATIVE. X X X X 1 1 0 ROBERT GRECH PRESIDENT/CEO 389739 0 81150 0 1482 0 293612 0 27760 0 793743 0 0 0 DANIEL DAVIDSON EVP/COO 274774 0 37020 0 655 0 182265 0 19727 0 514441 0 0 0 RANDALL RICHMOND CLO 232963 0 29271 0 2796 0 101678 0 22448 0 389156 0 0 0 CHERYL MALLARD CTO 185922 0 30090 0 2882 0 18998 0 22468 0 260360 0 0 0 CATHERINE MOREY VP-RISK MANAGEMENT 125575 0 3907 0 2311 0 30000 0 15258 0 177051 0 0 0 KEITH BURKE VP-MARKETING 129383 0 4354 0 2366 0 5383 0 27598 0 169084 0 0 0 CHERYL ALLMACHER VP DIGITAL TRANSFORMATION 130904 0 4436 0 2405 0 15079 0 10456 0 163280 0 0 0 ADAM TONGE VP-RETAIL 130232 0 3818 0 350 0 9468 0 8021 0 151889 0 0 0 PART I, LINES 4A-B MICHAEL BAHORSKI: $61,921 THE CREDIT UNION HAS ESTABLISHED DEFERRED COMPENSATION AGREEMENTS FOR SELECT MEMBERS OF THE CREDIT UNION'S MANAGEMENT TEAM. THE CREDIT UNION INVESTED AN INITIAL AMOUNT OF $4,165,000. IN ACCORDANCE WITH THE AGREEMENT, THE CREDIT UNION HAS ESTABLISHED A LIABILITY FOR THE BENEFITS PAYABLE TO THE PARTICIPANTS WHICH IS EQUAL TO THE AMOUNT OF CUMULATIVE EARNINGS ON THE INITIAL AMOUNT INVESTED BY THE CREDIT UNION FOR EACH OF THE PLAN PARTICIPANTS. EARNINGS RECOGNIZED DURING THE YEAR ENDED DECEMBER 31, 2023 ARE INCLUDED IN EACH OF THE PARTICIPANTS DEFERRED COMPENSATION BENEFITS REPORTED IN PART VII/SCHEDULE J. THE BALANCE OF THE BENEFITS PAYABLE TO EACH PARTICIPANT AS OF DECEMBER 2023 WHERE AS FOLLOWS: ROBERT GRECH: $677,100 DANIEL DAVIDSON: $154,222 RANDALL RICHMOND: $82,093 MICHAEL BAHORSKI: $0 CHERYL MALLARD: $0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE AND VOTING. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY MEMBER VOTE FOR 3 YEAR TERMS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVE 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 FORM 990 IS REVIEWED BY THE CFO PRIOR TO FILING AND IS PRESENTED TO THE BOARD OF DIRECTORS AT THE NEXT SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD DISCLOSES ANNUALLY AT THE ORGANIZATION MEETING AS PART OF THE DIRECTORSHIP POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CEO IS REVIEWED BY A COMPENSATION COMMITTEE WHICH USES HRN, AN INDEPENDENT CONSULTANT, AND COMPLETES A COMPENSATION SURVEY TO DETERMINE A WRITTEN CONTRACT THAT IS APPROVED BY THE BOARD OF DIRECTORS. KEY EMPLOYEES' COMPENSATION IS REVIEWED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY. ALL OTHER GOVERNING DOCUMENTS AND THE CREDIT UNION'S CONFLICT OF INTEREST POLICY ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESIONAL & OUTSIDE SERVICES 1,178,254. FORM 990, PART XI, LINE 9: CUMULATIVE EFFECT FROM CHANGE IN ACCOUNTING PRINCIPLE -629,394. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. MEMBER SECURITY PLUS LLC 28800 ORCHARD LAKE ROAD FARMINGTON HILLS MI 48334 381433540 HOLDING COMPANY MI 0 336715 ALLIANCE CATHOLIC CREDIT UNION ALLIANCE CATHOLIC FOUNDATION INC 28800 ORCHARD LAKE RD FARMINGTON HILLS MI 48334 822671837 PUBLIC CHARITY MI 501(C)(3) LINE 7 ALLIANCE CATHOLIC CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ALLIANCE CATHOLIC FOUNDATION INC B 121172 ACCRUAL BASIS CONTRIBUTION