2024-06-24T12:41:28-05:00 2023-12-31 382492570 DOEREN MAYHEW 305 W BIG BEAVER ROAD TROY MI 48084 990 2023-01-01 381743355 UNITED CHURCHES CREDIT UNION UNIT 3133826533 20252 ECORSE ROAD TAYLOR MI 48180 MICHELLE WOODHEAD CEO 3133821340 2024-06-14 1 MICHELLE WOODHEAD 999009999 0 JOSEPH A ZITO CPA P00648440 2482443000 2024-06-14 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z MICHELLE WOODHEAD 20252 ECORSE ROAD TAYLOR MI 48180 844347 0 X WWW.UNITEDCHURCHESCU.ORG X CREDIT UNION 1957 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 5 4 8 4 6422 2016 0 0 405669 434114 158340 410233 0 0 564009 844347 0 0 0 0 193883 190326 0 0 0 344322 464647 538205 654973 25804 189374 22689939 21413252 21461438 19799129 1228501 1614123 A FINANCIAL CO-OPERATIVE THAT PROVIDES PERSONAL SERVICE AND AN ARRAY OF REASONABLY PRICED PRODUCTS AND SERVICES FOR ALL AGES. 0 0 PROVIDE 1,247 MEMBERS WITH REGULAR SHARES, SHARE DRAFTS, CERTIFICATES OF DEPOSIT, IRA AND HIGH-YIELD ACCOUNTS TOTALING 2,425. PROVIDE 1,488 LOANS INCLUDING VEHICLE, FIRST MORTGAGE, LINE OF CREDIT AND UNSECURED LOANS. OFFER AUTOMATED TELLER MACHINES, WIRE TRANSFERS, MONEY ORDERS, TRAVELERS CHECKS AND VARIOUS INSURANCE PROGRAMS. 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 192 0 1 8 1 1 1 0 0 0 0 0 0 0 X 5 4 0 0 0 0 1 1 1 1 1 0 0 0 1 1 0 1 1 1 0 0 X MICHELLE WOODHEAD 3133826533 20252 ECORSE ROAD TAYLOR MI 48180 ALAN SRODAWA BOARD CHAIRPERSON 1.00 X 0 0 0 LAWRENCE LEVESQUE BOARD VICE CHAIRPERSON 1.00 X 0 0 0 MARK LUECKE BOARD SECRETARY 1.00 X 0 0 0 DONALD RUDIN BOARD TREASURER 1.00 X 0 0 0 SUSAN SMITH BOARD MEMBER/CEO 1.00 X 30025 0 0 SUSAN SMITH CEO 45.00 X 16000 0 358 MICHELLE WOODHEAD CEO 45.00 X 57933 0 10557 103958 0 10915 0 0 0 0 0 LOAN INTEREST 522100 300959 300959 FEE AND OTHER INCOME 522100 126733 126733 FINANCE AND INSURANCE 520000 6422 6422 434114 410233 410233 844347 837925 6422 0 X 114873 38635 3006 18224 15588 2853 45000 46007 9133 83614 44078 21337 1800 59204 19086 UNRELATED BUSINESS INCO 350 ATM/DEBIT CARD EXPENSE 76723 LOAN SERVICING 37984 OTHER OPERATING EXPENSE 6304 11174 654973 222016 219618 2703802 2581804 12500 6056113 5526579 34726 41021 122175 107619 16533 14556 11797536 10726759 1575177 1989468 284036 300947 22689939 21413252 26459 84480 21434979 19714649 21461438 19799129 X 0 0 0 0 1228501 1614123 1228501 1614123 22689939 21413252 X 189374 208499 -12251 X X 0 1 X 1 0 22063 22063 0 100112 85556 14556 14556 CERTIFICATE INVESTMENTS 3405000 C INVESTMENTS - AFS 7321759 F 10726759 ALLOYA CORPORATE FEDERAL CREDIT UNION 1989468 C 1989468 MEMBER SHARES AND DEPOSITS 19714649 19714649 X 844347 0 844347 0 844347 654973 0 654973 0 654973 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. 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 THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEETING. EACH BOARD MEMBER IS ELECTED FOR A THREE YEAR TERM. FORM 990, PART VI, SECTION A, LINE 7B CREDIT UNION DECISIONS THAT ARE SUBJECT TO MEMBERSHIP APPROVAL ARE MERGERS, IF UNITED CHURCHES CREDIT UNION IS NOT THE CONTINUING CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 11B A REVIEW IS CONDUCTED BY THE CEO PRIOR TO SUBMISSION TO THE IRS. SUBSEQUENT TO FILING, THE BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF THE 990 RETURNS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS PERFORMS AN ANNUAL EVALUATION OF THE CEO. GOALS ARE ESTABLISHED AT THE BEGINNING OF EACH YEAR AND THE EVALUATION IS BASED ON ACHIEVING THOSE GOALS. SALARY INCREASES ARE DETERMINED BY BUDGET AVAILABILITY AND OVERALL PERFORMANCE. THE LAST EVALUATION WAS PERFORMED IN 2023 FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY. OTHER DOCUMENTS AND POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART IX, LINE 24E PROVISION FOR LOAN LOSSES 5,974. EXAMINATION FEES/ASSOCIATION DUES 5,200. FORM 990, PART XI, LINE 9: CUMULATIVE EFFECT FROM CHANGE IN ACCOUNTING PRINCIPLE -12,251. FORM 990, PART XIII, 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.