2025-11-14T10:01:42-06:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 381453620 TRUE COMMUNITY CREDIT UNION TRUE 5177847101 1100 CLINTON RD JACKSON MI 49202 LANCE SCHNITKEY CFO 5177847101 2025-11-13 0 AUBREY CLEGG P01076395 3052328272 2025-11-09 2024 2025-03-06 01:10:19Z CHRISTINA SIDERS 1100 CLINTON RD JACKSON MI 49202 81507676 0 X WWW.TRUECCU.COM X 2020 MI TO CULTIVATE LEGACY-DEFINING MOMENTS FOR THE PEOPLE AND PLACES WE SERVE FOR GENERATIONS TO COME. 9 9 284 12 243564 0 0 5000 40615233 64116283 2311013 3450171 0 3539 42926246 67574993 332034 429402 0 0 17668356 23933803 0 0 0 20572458 40031970 38572848 64395175 4353398 3179818 703073726 880536100 634391716 790015237 68682010 90520863 TO CULTIVATE LEGACY-DEFINING MOMENTS FOR THE PEOPLE AND PLACES WE SERVE FOR GENERATIONS TO COME. 0 0 TRUE COMMUNITY CREDIT UNION PROVIDES A SPECTRUM OF DEPOSIT AND LOAN PRODUCTS FOR OUR MEMBERS AND PROVIDES FINANCIAL EDUCATION FOR THE COMMUNITY TO CULTIVATE THE LEGACY-DEFINING MOMENTS FOR THOSE WE SERVE. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 18060 0 1 284 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X LANCE SCHNITKEY 5177847101 1100 CLINTON ROAD JACKSON MI 49202 JOSHUA BURGETT BOARD CHAIRPERSON 1.00 X 2021 0 0 CHELSEA PAGE BOARD VICECHAIRPERSON 1.00 X 1382 0 0 TIMOTHY DENTON BOARD TREASURER 1.00 X 2430 0 0 REGINA PINNEY BOARD DIRECTOR 1.00 X 0 0 0 KAREN RICHARD BOARD DIRECTOR 1.00 X 0 0 0 TOM BUTMAN BOARD DIRECTOR 1.00 X 0 0 0 JACOB INOCENCIO BOARD DIRECTOR 1.00 X 865 0 0 BRITGITTEE FAWAZ-ANOUTI BOARD DIRECTOR 1.00 X 0 0 0 DORIS GRAHAM BOARD DIRECTOR 1.00 X 3692 0 0 MICHAEL RAWSON BOARD DIRECTOR 1.00 X 1174 0 0 WILLIAM SACKETT BOARD DIRECTOR 1.00 X 2631 0 0 RICHARD POKERWINSKI BOARD DIRECTOR/EMERITUS 1.00 X 0 0 0 STU KAIL BOARD DIRECTOR/ASSOCIATE 1.00 X 0 0 0 CHELSEA EISELE BOARD DIRECTOR/ASSOCIATE 1.00 X 0 0 0 YVETTE WILKIE BOARD DIRECTOR/ASSOCIATE 1.00 X 0 0 0 CHRISTINA SIDERS PRESIDENT/CEO 40.00 X 541110 0 31500 LANCE SCHNITKEY CHIEF FINANCIAL OFFICER 40.00 X 246915 0 19158 JANET THOMPSON EVP/CHIEF INTEGRATION OFFICER 40.00 X 311615 0 36633 JASON MATLEY EVP/CHIEF STRATEGY OFFICER 40.00 X 286227 0 20687 VALERIE MOSKAL CHIEF GROWTH & LENDING OFFICER 40.00 X 279553 0 37463 SARAH ERMATINGER CHIEF COMMUNITY IMPACT OFFICER 40.00 X 222601 0 23262 HEATHER HARBACK CHIEF PEOPLE OFFICER 40.00 X 203107 0 31597 BRANDI COLE CHIEF RISK OFFICER 40.00 X 185691 0 32054 TERRY FRENCH INVESTMENT ADVISOR 40.00 X 258297 0 14608 JONATHAN BEARD VP OF DIGITAL TRANSFORMATI 40.00 X 205555 0 28207 CANIS ARBROUET VP OF FACILITIES 40.00 X 196591 0 29963 SHAWN CHRISTIE VP OF WEALTH MANAGEMENT 40.00 X 176097 0 36649 JEANINE MWHITE SPECIAL PROJECT CONSULTANT 40.00 X 172049 0 -36193 3299603 0 305588 36 0 1 0 ALKAMI PO BOX 122223 DALLAS TX 75312 PLATFORM-CONSUMER 1359748 JACK HENRY AND ASSOCIATES PO BOX 609 MONETT MO 65708 SOFTWARE SERVICE 915833 NUSOURCE FINANCIAL 9749 HAMILTON ROAD EDEN PRAIRIE MN 55344 ITMS/ATMS 641235 HARMON MANAGEMENT LLC 417 COPPERSMITH DRIVE MASON MI 48854 NEW PARNALL BRANCH CONSTRUCTION 435949 TRACE3 LLC PO BOX 847467 LOS ANGELES CA 90084 CAMERAS/SECURITY EQUIPMENT & SERVICE 279230 8 5000 5000 LOAN INCOME 522100 42904420 42904420 FEES, CHARGES & OTHER 522100 20968299 20968299 FINANCE AND INSURANCE 520000 243564 243564 64116283 5476150 5476150 4800 1261 3539 3539 3539 11755648 149795 13781781 149641 -2026133 154 -2025979 -2025979 67574993 61850279 243564 5476150 X 419402 10000 2523368 16188119 1636971 2234129 1351216 238015 490970 2007699 1569132 3337358 1393512 159947 509116 7510340 35498 2308068 365800 PLL 9343543 ATM EXPENSE 3879726 LOAN SERVICING 2644865 MISCELLANEOUS 1157902 3080479 64395175 5823260 12148495 20733733 49389311 1768078 11435980 3229034 5266694 571124251 680874042 14721095 18058015 34124842 19869372 10088799 14255470 61847289 68245530 3491551 3261106 178300 4654557 10068336 12946900 703073726 880536100 5539523 10242342 20000000 20000000 608852193 759772895 634391716 790015237 X 0 0 0 0 68682010 90520863 68682010 90520863 703073726 880536100 X 3179818 1347625 17311410 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 2393349 2393349 15697447 7295596 8401851 292807 249164 43643 15741239 12324612 3416627 14255470 CERTIFICATES OF DEPOSIT 110204861 CLUB ACCOUNTS 1242290 IRA ACCOUNTS 17388951 MONEY MARKET ACCOUNTS 104125439 REGULAR SHARES 326686929 SHARE DRAFTS 200124425 759772895 X 67576254 1261 1261 67574993 0 67574993 64396436 0 64396436 -1261 -1261 64395175 PART X, LINE 2: INCOME TAXES THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED NET OF RENTAL REVENUE IN THE STATEMENT OF REVENUE OF FORM 990 BUT REPORTED AS A COMPONENT OF EXPENSES WITHIN THE AUDITED FINANCIALS 1,261. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED NET OF RENTAL REVENUE IN THE STATEMENT OF REVENUE OF FORM 990 BUT REPORTED AS A COMPONENT OF EXPENSES WITHIN THE AUDITED FINANCIALS -1,261. 1 AMERICAN HEART ASSOCIATION PO BOX 4002902 DES MOINES IA 50340 DES MOINES IA 50340 135613797 501 (C)(3) 10000 0 SPONSOR OF ANN ARBOR-JACKSON HEART BALL SUPPORTING THE AMERICAN HEART ASSOCIATION FOUND CHURCH 141 E MICHIGAN AVE JACKSON MI 49201 851433853 501(C)(3) 35000 0 BLACK EXCELLENCE AWARDS SPONSOR $15,000; ISAIAH'S HUB RENOVATION PROJECT $20,000 GROW JACKSON 740 W MICHIGAN AVE JACKSON MI 49201 853704505 501 (C)(3) 10600 0 $10,000 FOR STUDENT SUMMER PROGRAM; $600 TABLE FOR ANNUAL DINNER HENRY FORD JACKSON 100 E MICHIGAN AVE JACKSON MI 49201 382027689 501 (C)(3) 18500 0 $10,000 TO PINK BALL SPONSORSHIP, $1,000 LIGHTS OF LOVE $7,500 FOR HOSPICE DONATION JACKSON COLLEGE MULTICULTURAL AFFAIRS 2111 EMMONS RD JACKSON MI 49201 381795703 501 (C)(3) 20000 0 JUNETEENTH EVENT SPONSOR AND STUDENT SCHOLARSHIPS JACKSON COUNTY CHAMBER 134 W MICHIGAN AVE JACKSON MI 49201 560954664 501 (C)(6) 14550 0 CHAMBER SPONSORSHIPS; MLK BREAKFAST, NIGHT OF DISTINCTION, NATIONAL CIVICS BEE, ANNUAL GOLF OUTING JACKSON SCHOOL OF THE ARTS 135 W CORTLAND AVE JACKSON MI 49201 383581314 501 (C)(3) 33333 0 YEAR 4 OF 4 OF MULTI-YEAR PLEDGE FOR CAPTITAL CAMPAIGN/BUILDING JACKSON SYMPHONY ORCHESTRA 215 W MICHIGAN AVE JACKSON MI 49201 382146767 501 (C)(3) 8000 0 SPONSOR CONCERT AGLOW JACKSON YMCA 127 W WESLEY ST JACKSON MI 49201 JACKSON MI 49201 381381139 501 (C)(3) 26000 0 CHARITABLE CONTRIBUTION MICHIGAN CREDIT UNION LEAGUE & AFFILIATES 110 W MICHIGAN AVE 100 LANSING MI 48933 380826778 501 (C)(6) 15000 0 MCUL 2024 FOUNDATION CONTRIBUTION/ASFM SUPPORT MICHIGAN TRIBE 133 W MICHIGAN AVE JACKSON MI 49201 JACKSON MI 49201 844587940 501 (C)(3) 7500 0 $7,500 MICHIGAN TRIBE MICRO-GRANT SPONSORSHIP SUPPORTING MINORITY OR WOMEN-OWNED SMALL BUSINESSES; NEW MOBILITY SOLUTIONS 3601 WILDWOOD AVE JACKSON MI 49202 200861492 AUTO DEALERSHIP 18123 0 PURCHASED A HANDICAP ACCESSIBLE VAN FOR THE GARRETT FAMILY NUESTRA COMUNIDAD 600 N STATE ST JACKSON MI 49202 923256932 501 (C)(3) 20000 0 PRESENTING SPONSOR FOR NUESTRA COMUNIDAD HISPANIC HERITAGE FESTIVAL. RISE ABOVE 936 FLEMING AVE JACKSON MI 49202 208029145 501 (C)(3) 10000 0 PLEDGE TO SUPPORT A NON-PROFIT ORGANIZATION PARTNERING WITH JACKSON COUNTY SCHOOL DISTRICTS ON RELATIONSHIP RESTORATION AND EDUCATIONAL SERVICES FOR STUDENTS WHO HAVE BEEN REMOVED FROM TRADITIONAL ACADEMIC SETTINGS. SPRING ARBOR UNIVERSITY 106 E MAIN ST SPRING ARBOR MI 49283 381359569 501 (C)(3) 20000 0 $5,000 SAU GOLF OPEN SPONSOR, $15,000 YEAR 5 OF 5 FOR MULTI-YEAR SPONSOR FOR TRADING CENTER THE ENTERPRISE GROUP 100 E MICHIGAN AVE JACKSON MI 49201 382493672 501 (C)(3) 15000 0 CHARITABLE CONTRIBUTION UNITED WAY OF SOUTH CENTRAL MICHIGAN 709 S WESTNEDGE AVE KALAMAZOO MI 49007 381359193 501 (C)(3) 6000 0 ANNUAL DONATION 14 3 SCHOLARSHIPS 10 10000 FORM 990, SCHEDULE I, PART I, LINE 2 (REGARDING PART II) TRUE COMMUNITY CREDIT UNION'S GIVING STRATEGY WILL SUPPORT: CHARITABLE GIVING IS PROVIDED IN THE FORM OF MONETARY DONATIONS, VOLUNTEERISM, IN-KIND DONATIONS AND SERVICES TO NON-PROFITS, CHARITIES OR PROGRAMS THAT MEET THE NEEDS OF OUR COMMUNITY. COMMUNITY ENGAGEMENT CAN INCLUDE MONETARY AND/OR IN-KIND SUPPORT AND SPONSORSHIPS OF NONCHARITABLE ENTITIES SUCH EXPOS, COMMUNITY EVENTS, CONCERTS, FESTIVALS OR COMMUNITY/CIVIC PROJECTS. IN-KIND/RESOURCES GIVING THROUGH FINANCIAL EDUCATION, TANGIBLE GOODS EITHER DONATED OR PURCHASED AND VOLUNTEER TIME. THE COMMUNITY IMPACT PILLAR RECEIVES THE REQUEST(S). THE CHIEF COMMUNITY IMPACT OFFICER AND DIRECTOR OF COMMUNITY PARTNERSHIPS REVIEW THE REQUEST TO DETERMINE IF MORE INFORMATION IS NEEDED, A FOLLOW-UP MEETING IS REQUIRED OR IF THE REQUEST CAN BE DECISIONED ALIGNING WITH THE DECISION MODEL. DONATION REQUESTS MAY ALSO BE BROUGHT FORWARD TO THE PRESIDENT/CEO FOR ADDITIONAL REVIEW, DISCUSSION OR AS AN UPDATE ON THE DECISION TO ENSURE GIVING PRACTICES ALIGN WITH THE MISSION, VISION AND VALUES OF TRUE COMMUNITY CREDIT UNION. ENTITIES THAT RECEIVE SUPPORT ARE REPORTED TO THE BOARD OF DIRECTORS IN EVERY BOARD PACKET. EACH JANUARY, THE CHARITIES THAT WERE SUPPORTED THROUGHOUT THE PREVIOUS YEAR ARE LISTED ON THE WEBSITE. FORM 990, SCHEDULE I, PART I, LINE 2 (REGARDING PART III) IN 2024 WE RECEIVED A RECORD 41 SCHOLARSHIP ESSAYS FROM ALL AROUND MICHIGAN TO COMPETE FOR (10) $1,000 SCHOLARSHIPS FOR COLLEGE OR TRADE SCHOOL. WHO IS ELIGIBLE: STUDENTS AND NON-TRADITIONAL STUDENTS ARE ELIGIBLE TO APPLY. A STUDENT IS DEFINED AS A GRADUATING HIGH SCHOOL SENIOR IN THE 2024 GRADUATING CLASS. NON-TRADITIONAL STUDENTS ARE DEFINED AS ANY STUDENTS OVER THE AGE OF 25 THAT HAVE A HIGH SCHOOL DIPLOMA OR THEIR GED AND ARE NOW SEEKING A DEGREE OR RETURNING TO COMPLETE THEIR DEGREE. ALL APPLICANTS MUST PLAN TO ENTER COLLEGE IN THE NEXT ACADEMIC YEAR (2024-2025). EVIDENCE OF ENROLLMENT IN AN ACCREDITED COLLEGE, TECHNICAL SCHOOL OR UNIVERSITY MUST BE SUBMITTED BEFORE AWARD PAYMENT WILL BE MADE TO THE AWARD RECIPIENT. HOW WINNERS ARE SELECTED: ALL ENTRIES WILL BE REVIEWED ANONYMOUSLY BY A DIVERSE PANEL (THAT'S YOU!). DURING THE JUDGING PROCESS, ALL ENTRIES WILL BEAR NO IDENTIFYING MARKS OR SYMBOLS WHICH SHOW EITHER THE CONTESTANT'S NAME OR THE SCHOOL THEY ATTEND. THE PRINCIPAL DETERMINING FACTOR IN SELECTING SCHOLARSHIP RECIPIENTS IS THE APPLICANT'S RESPONSE TO THE TOPIC. THE FOLLOWING CRITERIA IN JUDGING THE ESSAY RESPONSE WILL BE ORGANIZATION, LANGUAGE USE, ORIGINALITY, CLARITY, SPELLING, PUNCTUATION, SENTENCE STRUCTURE, COMPREHENSION, AND EXPRESSION OF THE TOPIC. SCHOLARSHIP RECIPIENTS: EACH WINNER WILL RECEIVE $1,000. TYPICALLY WE CHOOSE 5 RECIPIENTS, HOWEVER WITH THE AMAZING RESPONSE WE HAD THIS YEAR WE ARE GOING TO AWARD 10 WINNERS @ $1,000. ESSAY GUIDELINES: ALL 41 ESSAYS HAVE BEEN REVIEWED TO ENSURE THEY MET THE GUIDELINES AND THE DEADLINE. ESSAY SHOULD NOT BE MORE THAN 1500 WORDS AND NOT LESS THAN 750 WORDS. (TYPICALLY 2 PAGES). SHOULD ADDRESS THE TOPIC LISTED BELOW. X X 1 1 X X X X X X 1 1 0 CHRISTINA SIDERS PRESIDENT/CEO 479460 0 49380 0 12270 0 12102 0 19398 0 572610 0 0 0 JANET THOMPSON EVP/CHIEF INTEGRATION OFFICER 310361 0 35 0 1219 0 29706 0 6927 0 348248 0 0 0 VALERIE MOSKAL CHIEF GROWTH & LENDING OFFICER 243355 0 29904 0 6294 0 19796 0 17667 0 317016 0 0 0 JASON MATLEY EVP/CHIEF STRATEGY OFFICER 243798 0 30341 0 12088 0 13946 0 6741 0 306914 0 0 0 TERRY FRENCH INVESTMENT ADVISOR 240935 0 13038 0 4324 0 14221 0 387 0 272905 0 0 0 LANCE SCHNITKEY CHIEF FINANCIAL OFFICER 206722 0 23115 0 17078 0 17880 0 1278 0 266073 0 0 0 SARAH ERMATINGER CHIEF COMMUNITY IMPACT OFFICER 190241 0 24883 0 7477 0 21998 0 1264 0 245863 0 0 0 HEATHER HARBACK CHIEF PEOPLE OFFICER 173677 0 20503 0 8927 0 12760 0 18837 0 234704 0 0 0 JONATHAN BEARD VP OF DIGITAL TRANSFORMATI 187405 0 17880 0 270 0 11039 0 17168 0 233762 0 0 0 CANIS ARBROUET VP OF FACILITIES 175658 0 20469 0 464 0 10326 0 19637 0 226554 0 0 0 BRANDI COLE CHIEF RISK OFFICER 156455 0 17460 0 11776 0 14450 0 17604 0 217745 0 0 0 SHAWN CHRISTIE VP OF WEALTH MANAGEMENT 155916 0 18228 0 1953 0 19043 0 17606 0 212746 0 0 0 PART I, LINES 4A-B JEANINE M WHITE: $40,401 THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO THE CEO, CHRISTINA SIDERS, THROUGH AN ARRANGEMENT REFERRED TO AS "COLLATERAL ASSIGNED SPLIT DOLLAR". AT SPECIFIED TIMES, THE PARTICIPANT MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUM PLUS INTEREST, PLUS KEY-PERSON INSURANCE PROCEEDS. CHRISTINA SIDERS CEO COLLATERAL ASSIGNED SPLIT DOLLAR X 3200000 3217778 0 1 1 JANET THOMPSON FORMER EVP/CHIEF INTEGRATION OFFICER COLLATERAL ASSIGNED SPLIT DOLLAR X 2000000 2048916 0 1 1 5266694 FORM 990, SCH L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO THE CEO, CHRISTINA SIDERS, THROUGH AN ARRANGEMENT REFERRED TO AS "COLLATERAL ASSIGNED SPLIT DOLLAR". AT SPECIFIED TIMES, THE PARTICIPANT MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANT. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUM PLUS INTEREST, PLUS KEY-PERSON INSURANCE PROCEEDS. FORM 990, PART VI, SECTION A, LINE 6 ALL ACCOUNT HOLDERS ARE REFERRED TO AS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A CREDIT UNION MEMBERS ELECT THE BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE 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 REVIEW WILL BE PERFORMED BY CEO AND VP OF FINANCE. FORM 990, PART VI, SECTION B, LINE 12C POLICIES ARE REVIEWED ANNUALLY AND ALL VOLUNTEERS COMPLETE CONFLICT OF INTEREST FORMS AFTER THE ANNUAL MEETING EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 PRESIDENT/CEO - THE BOARD OF DIRECTOR'S PERFORMS AN ANNUAL PERFORMANCE EVALUATION OF THE PRESIDENT/CEO. BASED ON THE GOALS ACHIEVED AND RESULTS OF THE REVIEW, A MERIT ADJUSTMENT IS CALCULATED. THE RESULTS OF THE REVIEW AND THE PROPOSED MERIT ADJUSTMENT IS REVIEWED BY THE BOARD OF DIRECTORS. AT THE SAME TIME, THE BOARD ALSO OBTAINS A SALARY STUDY FROM A SALARY CONSULTANT (BALANCED COMP) FOR PRESIDENTS AND CHIEF FINANCIAL OFFICERS IN SIMILAR SIZED INSTITUTIONS. A VARIETY OF SURVEY DATA IS USED BY THE CONSULTANT TO PREPARE THE RECOMMENDED PAY RANGE AND PLACEMENT OF THE PAY FOR THE PRESIDENT/CEO. IN ADDITION, THE COMMITTEE REVIEWS 990 DATA, AND OTHER INDUSTRY RESOURCES FOR INFORMATION TO DETERMINE IF ANY ADDITIONAL ADJUSTMENT IS REQUIRED TO ENSURE THE PRESIDENT/CEO IS BEING PAID APPROPRIATELY. ONCE A FINAL MERIT ADJUSTMENT IS AGREED UPON, THE BOARD OF DIRECTORS TAKES A FORMAL VOTE. THIS ADJUSTMENT INFORMATION IS PRESENTED TO THE PRESIDENT/CEO AND PROVIDED TO HUMAN RESOURCES TO PROCESS THE PROPER ADJUSTMENT TO THE PRESIDENT/CEO'S COMPENSATION. CFO AND OTHER OFFICERS/KEY EMPLOYEES - PAY GRADES FOR THE POSITION ARE ALSO RECOMMENDED BY BALANCED COMP, A SALARY CONSULTANT. THEY USE VARIOUS PROFESSIONAL SURVEY DATA TO DETERMINE APPROPRIATE MINIMUM, MIDPOINT AND MAXIMUM PAY RATES. MERIT INCREASES ARE CALCULATED BASED ON A MATRIX RECOMMENDED THROUGH BALANCED COMP THAT CONSIDERS LONGEVITY, GOAL ACHIEVEMENT AND POSITION WITHIN THE PAY GRADE. THE OVERALL MERIT BUDGET IS APPROVED BY THE BOARD OF DIRECTOR'S IN THE BUDGET APPROVAL PROCESS. NO MERIT ADJUSTMENT IS GIVEN UNTIL BOARD APPROVAL IS OFFICIAL. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA THE QUARTERLY CALL REPORT ON NCUA.GOV. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES 2,007,699. FORM 990, PART IX, LINE 24E VISA EXPENSE 1,055,253. MAINTENANCE/REPAIRS 1,036,526. FRAUD 928,587. COLLECTION EXPENSE 60,113. FORM 990, PART XI, LINE 9: NET CHANGE IN UNREALIZED GAINS/(LOSSES) ON POST-RETIREMENT BENEFIT PLAN 2,738,978. EQUITY ACQUIRED IN MERGER 14,572,432. FORM 990, PART XII, LINE 2B THE FINANCIAL STATEMENTS ARE AUDITED ON A FISCAL YEAR END AND FORM 990 IS REPORTED ON A CALENDAR YEAR END. FORM 990, PART XII, LINE 2C WE HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED. CP FINANCIAL SERVICES 1100 CLINTON RD JACKSON MI 49202 381453620 PERFORM COMPLIANCE AUDITS AND TRAINING FOR OTHER CREDIT UNIONS MI 670 244623 TRUE COMMUNITY CREDIT UNION