2024-11-12T15:56:24-06:00 2023-12-31 383635706 REHMANN ROBSON LLC 1500 W BIG BEAVER RD 2ND FLR TROY MI 48084 990 2023-01-01 386066911 MICHIGAN CREDIT UNION FOUNDATION MICH 7347933420 PO BOX 8054 PLYMOUTH MI 481708054 WENDY VADNAIS CFO 7347933403 2024-11-04 1 1 KATHLEEN M UNDERHILL CPA P00589677 2489525000 2024-11-04 2023 2024-10-15 13:58:12Z BETH TROOST PO BOX 8054 PLYMOUTH MI 481708054 432747 0 X WWW.MCUL.ORG/ABOUT-MCUF X 1954 MI COOPERATIVELY EMPOWERING CREDIT UNIONS TO INCREASE FINANCIAL WELL-BEING BY SUPPORTING COMMUNITY ENRICHMENT, FINANCIAL EDUCATION, AND CREDIT UNION DEVELOPMENT INITIATIVES 11 10 0 10 0 0 331224 379720 0 0 15894 53027 0 0 347118 432747 202569 208269 0 0 0 0 0 0 4237 29947 33279 232516 241548 114602 191199 1096082 1284050 13466 10235 1082616 1273815 COOPERATIVELY EMPOWERING CREDIT UNIONS TO INCREASE FINANCIAL WELL-BEING BY SUPPORTING COMMUNITY ENRICHMENT, FINANCIAL EDUCATION, AND CREDIT UNION DEVELOPMENT INITIATIVES 0 0 225822 208269 PROVIDE AWARDS, GRANTS AND SCHOLARSHIPS TO ORGANIZATIONS AND INDIVIDUALS ON BEHALF OF THE CREDIT UNION MOVEMENT. 225822 1 1 0 0 0 0 0 0 0 0 0 1 0 1 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 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 MI X WENDY VADNAIS 7347933420 PO BOX 8054 PLYMOUTH MI 481708054 KYLE GURZYNSKI PRESIDENT 5.00 X X 0 0 0 DAVE BRANDT VICE PRESIDENT 5.00 X X 0 0 0 CHRISSY SIDERS SECRETARY/TREASURER 5.00 X X 0 0 0 BRIDGET STAFFILENO DIRECTOR 5.00 X 0 0 0 BRENDA LIPPENS DIRECTOR 5.00 X 0 0 0 JENNIFER MARTINES DIRECTOR 5.00 X 0 0 0 TANSLEY STEARNS DIRECTOR 5.00 X 0 0 0 DEBI SOUTHWORTH DIRECTOR 5.00 X 0 0 0 JENNIFER WATSON DIRECTOR 5.00 X 0 0 0 CASEY CLARK DIRECTOR 5.00 X 0 0 0 KIERAN MARION DIRECTOR 5.00 40.00 X 0 205501 28023 BETH TROOST EXECUTIVE DIRECTOR 30.00 40.00 X 0 62442 3029 ANDREA TUCKER FOUNDATION SPECIALIST 30.00 40.00 X 0 55588 16969 0 323531 48021 0 0 1 0 0 29750 349970 379720 53027 53027 432747 0 0 53027 208269 208269 1640 1640 6150 6150 19 19 10286 9257 1029 STAFF SUPPORT 6500 5850 650 MARKETING MATERIALS 6053 605 1211 4237 MISCELLANEOUS 2631 1841 790 241548 225822 11489 4237 520824 692881 500000 500000 75258 91169 1096082 1284050 13466 10235 13466 10235 X 947682 1098043 134934 175772 1082616 1273815 1096082 1284050 191199 0 X X 1 X 0 1 0 X 237916 605464 308442 331224 379720 1862766 237916 605464 308442 331224 379720 1862766 72198 1790568 18314 5884 990 15894 53027 94109 1956875 0.91500 0.90130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 CERTIFICATES OF DEPOSIT 500000 C 500000 CONTRIBUTION RECEIVABLE 91169 91169 X PART X, LINE 2: THE FOUNDATION HAS ANALYZED ITS INCOME TAX POSITIONS FOR 2020 THROUGH 2023, THE YEARS, WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF DECEMBER 31, 2023. THE FOUNDATION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION 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 TWELVE MONTHS. THE FOUNDATION DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT DECEMBER 31, 2023 AND 2022, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. THE FOUNDATION ALSO REPORTS INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES TO THE EXTENT SUCH AMOUNTS ARISE, AS A COMPONENT OF ITS MANAGEMENT AND GENERAL EXPENSES. 1 MICHIGAN COUNCIL ON ECONOMIC EDUCATION 12642 BERESFORD DR STERLING HEIGHTS MI 48313 382183524 501(C)(3) 31500 0 PERSONAL FINANCE CHALLENGE SPONSORSHIP & SMARTPATH SPONSORSHIP PENGUIN RANDOM HOUSE LLC DEPT CH 10410 PALATINE IL 60055 462905685 27720 0 FINANCIAL EDUCATION PROGRAMS & ACTIVITIES METRO WEST CHAPTER OF CREDIT UNIONS PO BOX 8054 PLYMOUTH MI 481708054 380826778 501(C)(6) 25265 0 FUELMI & YP CONFERENCE FREESTAR FINANCIAL CU PO BOX 2800 MT CLEMENS MI 48046 381582963 501(C)(14) 9000 0 COMMUNITY ENRICHMENT GRANTS CREDIT UNION NATIONAL ASSOCIATION PO BOX 78546 MILWAUKEE WI 53278 237065623 501(C)(6) 8435 0 FINANCIAL COUNSELING CERTIFICATION PROGRAM RMJ FOUNDATION 2855 E GUASTI RD SUITE 600 ONTARIO CA 91761 956141173 501(C)(3) 8000 0 LICENSING FEE MICHIGAN STATE UNIVERSITY 3535 FOREST RD LANSING MI 48910 381373106 SCHOOL 6692 0 FINANCIAL HEALTH WORKSHOP LOUISIANA CREDIT UNION LEAGUE 824 ELMWOOD PARK BLVD SUITE 200 HARAHAN LA 70123 720244197 501(C)(6) 6150 0 FINANCIAL COUNSELING PROGRAM SOO CO-OP CREDIT UNION 536 BINGHAM AVE SAULT STE MARIE MI 49783 381599932 501(C)(14) 5400 0 COMMUNITY ENRICHMENT GRANTS 3 6 PART I, LINE 2: GRANTEES PROVIDE WRITTEN REPORTS TO THE FOUNDATION PERIODICALLY, AS WELL AS AT THE CONCLUSION OF THE GRANT FUNDED ACTIVITY, TO DOCUMENT HOW THE FUNDS WERE UTILIZED. 0 0 0 0 0 0 0 0 0 KIERAN MARION DIRECTOR 0 205501 0 0 0 0 0 10109 0 17914 0 233524 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR IS COMPENSATED BY A RELATED ORGANIZATION WITH SALARY DETERMINED BY THE RELATED ORGANIZATION'S POLICY AND REVIEW PROCEDURES. FORM 990, PART VI, SECTION A, LINE 4 CHANGES TO THE BYLAWS WERE MADE EFFECTIVE FEBRUARY 21, 2023. IN OCTOBER 2022, MCUF TRUSTEES AGREED THAT MCUF WOULD LIKE TO EXPAND BOARD INVOLVEMENT OPPORTUNITIES FOR MICHIGAN CREDIT UNION PROFESSIONALS. THESE CHANGES INCLUDE INCREASING THE MAXIMUM BOARD SIZE TO ALLOW UP TO 11 BOARD MEMBERS AND TO ALIGN WITH THE MCUL BOARD STRUCTURE TO SPECIFY ONE BOARD SEAT FOR EACH MCUL DISTRICT AND AT-LARGE BOARD SEATS FOR SMALL AND LARGE CREDIT UNION ASSET SIZES. IN ADDITION, THE MCUF TRUSTEES AGREED THAT MCUF WOULD LIKE TO SPECIFY ONE BOARD SEAT FOR A CREDIT UNION YOUNG PROFESSIONAL. IN PREPARATION FOR THIS ACTION, A FULL REVIEW OF THE MCUF BYLAWS WAS CONDUCTED WITH THE AID OF HOLZMAN LAW. IN ADDITION TO THE CHANGE IN THE BOARD COMPOSITION, OTHER CHANGES WERE RECOMMENDED AND REQUESTED TO ALLOW FOR ELECTRONIC MEETINGS, TO CHANGE THE TERM "TRUSTEE" TO "DIRECTOR" IN THE BYLAWS TO REFLECT THE CURRENT LANGUAGE OF THE MICHIGAN NONPROFIT CORPORATION ACT, AND TO UPDATE THE PROCEDURE FOR FILLING A BOARD VACANCY TO ALIGN WITH THE PROCEDURE FOR ELECTING ALL DIRECTORS BY THE MEMBERS OF THE MICHIGAN CREDIT UNION FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE BOARD OF DIRECTORS OF A RELATED NONPROFIT ORGANIZATION IS A MEMBER OF THE FOUNDATION, BUT ONLY SO LONG AS HE OR SHE SHALL HOLD OFFICE AS A MEMBER OF SAID BOARD OF DIRECTORS. THE FOUNDATION BOARD MEMBERS ARE ELECTED BY MAJORITY VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF THE FOUNDATION (THE BOARD OF DIRECTORS OF THE RELATED NONPROFIT ORGANIZATION) ELECTS THE FOUNDATION BOARD MEMBERS. IN ADDITION, ANY CHANGES TO THE FOUNDATION'S BYLAWS OR ARTICLES OF INCORPORATION MUST BE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR OF THE FOUNDATION AND THE FINANCE DIRECTOR AND THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND BOARD MEMBERS ARE REQUIRED TO ANNUALLY COMPLETE A CONFLICT OF INTEREST STATEMENT. ANY POTENTIAL CONFLICTS OF INTEREST THAT ARISE DURING THE YEAR ARE DISCUSSED AT BOARD MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST. PART VI, SECTION B, LINE 15: NO COMPENSATION POLICY IS IN PLACE SINCE THERE ARE NO COMPENSATED OFFICERS OR KEY EMPLOYEES. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTING AND OVERSEEING THE WORK OF THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. MICHIGAN CREDIT UNION LEAGUE PO BOX 8054 PLYMOUTH MI 48170 380826778 SUPPORT CREDIT UNIONS MI 501(C)(6) N/A 0 MICHIGAN CREDIT UNION LEAGUE SERVICE CORPORATION PO BOX 8054 PLYMOUTH MI 48170 462756779 CREDIT UNION ACTIVITIES MI N/A C 0 CU SOLUTIONS GROUP INCORPORATED PO BOX 8054 PLYMOUTH MI 48170 383548085 CREDIT UNION ACTIVITIES MI N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0