2025-07-21T23:06:51-05:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 381743355 UNITED CHURCHES CREDIT UNION UNIT 3133826533 20252 ECORSE ROAD TAYLOR MI 48180 MICHELLE WOODHEAD CEO 3133826533 2025-07-18 1 0 AUBREY CLEGG P01076395 3052328272 2025-07-16 2024 2025-03-06 01:10:19Z NICHOLAS ALEXANDER 20252 ECORSE ROAD TAYLOR MI 48180 1006057 0 X WWW.UNITEDCHURCHESCU.ORG X CREDIT UNION 1957 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 5 4 5 5 6539 2402 0 0 434114 448890 410233 534432 0 0 844347 983322 0 0 0 0 190326 204746 0 0 0 464647 594204 654973 798950 189374 184372 21413252 21388035 19799129 19458102 1614123 1929933 A FINANCIAL CO-OPERATIVE THAT PROVIDES PERSONAL SERVICE AND AN ARRAY OF REASONABLY PRICED PRODUCTS AND SERVICES FOR ALL AGES. 0 0 PROVIDE 1,235 MEMBERS WITH REGULAR SHARES, SHARE DRAFTS, CERTIFICATES OF DEPOSIT, IRA AND HIGH-YIELD ACCOUNTS WITH AGGREGATE DEPOSIT BALANCES THAT APPROXIMATED $19,379,000 AS OF DECEMBER 31, 2024. PROVIDE 1,084 LOANS INCLUDING VEHICLE, FIRST MORTGAGE, LINE OF CREDIT AND UNSECURED LOANS WITH AGGREGATE LOAN BALANCES THAT APPROXIMATED $5,507,000 AS OF DECEMBER 31, 2024. 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 1345 0 1 5 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 NICHOLAS ALEXANDER 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 10.00 X 37650 0 0 MICHELLE WOODHEAD CEO 45.00 X 49167 0 9693 86817 0 9693 0 0 0 0 0 LOAN INTEREST 522100 326693 326693 FEE AND OTHER INCOME 522100 115658 115658 FINANCE AND INSURANCE 520000 6539 6539 448890 533869 533869 23298 22735 563 563 563 983322 976783 6539 0 X 96510 61826 2367 30850 13193 48000 67021 6767 81594 71438 42472 2400 56848 17751 UNRELATED BUSINESS INCO 423 ATM/DEBIT CARD EXPENSE 73878 LOAN SERVICING 57750 PROVISION FOR LOAN LOSS 49400 18462 798950 219618 186530 2581804 2507657 12500 5526579 5435621 41021 36770 132146 111872 14556 20274 10726759 11281706 1989468 1621207 300947 298270 21413252 21388035 84480 79226 19714649 19378876 19799129 19458102 X 0 0 0 0 1614123 1929933 1614123 1929933 21413252 21388035 184372 131438 0 X X 0 1 X 1 0 22063 22063 0 110083 89809 20274 20274 CERTIFICATE INVESTMENTS 3963000 C NEGOTIABLE CERTIFICATES OF DEPOSIT 3791740 F CORPORATE BONDS 987621 F US TREASURY SECURITIES 1618968 F US GOVERNMENT AGENCIES 447469 F BANK NOTES 72031 F MUNICIPAL BONDS 400877 F 11281706 ALLOYA CORPORATE FEDERAL CREDIT UNION 1621207 C 1621207 MEMBER SHARES AND DEPOSITS 19378876 19378876 X 983322 0 983322 0 983322 798950 0 798950 0 798950 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. 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 OTHER OPERATING EXPENSES 12,462. EXAMINATION FEES/ASSOCIATION DUES 6,000. 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.