2025-03-31T11:56:29-04:00 2024-12-31 990 2024-01-01 381627404 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN % Dan Maiorano CRED 2485493838 3070 NORMANDY RD ROYAL OAK MI 480732226 DAN Maiorano CFO 2025-04-09 2024 2025-03-06 01:10:19Z Dan Maiorano 3070 NORMANDY RD ROYAL OAK MI 48073 19648521 false X www.ourcuonline.org X 1959 MI WE ARE COMMITTED TO THE FINANCIAL WELL-BEING OF OUR MEMBERS EMPLOYEES AND LOCAL COMMUNITY 6 6 84 6 0 273891 0 0 15841022 15490870 3136982 4157651 0 0 18978004 19648521 0 0 0 0 6113012 6535351 0 0 0 11292544 11849792 17405556 18385143 1572448 1263378 364423514 357711147 347491430 339987173 16932084 17723974 AS A MEMBER-OWNED FINANCIAL COOPERATIVE WE WILL UPHOLD THE HIGHEST STANDARDS IN OUR RELATIONSHIPS WITH MEMBERS EMPLOYEES AND THE COMMUNITY. WE WILL MAINTAIN EARNINGS AND RESERVES WHICH PROMOTE SOUND GROWTH AND ENCOURAGE MEMBER CONFIDENCE. false false 0 0 0 PROMOTED THRIFT TO 23,614 MEMBERS BY OFFERING LOANS DEPOSITS AND OTHER RELATED FINANCIAL PRODUCTS 0 0 0 0 0 0 0 0 0 0 false false false false false false false false false false true true false true true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false true 0 0 true 84 true true true false false false false false false 0 false false false false false false false 0 0 false false false 6 6 false false false false false false false true true false false true false true true true false false MI X Dan Maiorano CFO 2485493838 3070 NORMANDY RD ROYAL OAK MI 480732226 DARREN CAMERON PRESIDENT CEO 40.00 0.00 X 260000 0 20000 TOM BARAN CHIEF LENDING OFFICER 40.00 0.00 X 150000 0 15000 DAN MAIORANO CHIEF FINANCIAL OFFICER 40.00 0.00 X 150000 0 15000 BRIAN COOK DIRECTOR 2.00 0.00 X 0 0 0 TOM CARDELLI BOARD DIRECTOR 2.00 0.00 X 0 0 0 JOEL DESHANE BOARD DIRECTOR 2.00 0.00 X 0 0 0 CJ MIFSUD BOARD DIRECTOR 2.00 0.00 X 0 0 0 JAMES DRESBACH BOARD DIRECTOR 2.00 0.00 X 0 0 0 JOE KRIPILI BOARD CHAIRMAN 2.00 0.00 X 0 0 0 ANDRE VYGNANSKI CHIEF EXPERIENCE OFFICER 40.00 0.00 X 150000 0 15000 710000 0 65000 0 false true false 0 0 0 0 0 0 0 0 INTEREST ON LOANS 522100 11238062 11238062 0 0 FEES AND CHARGES 525990 4252808 4252808 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15490870 4157651 4157651 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 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 0 0 0 0 0 0 0 0 0 0 0 19648521 19648521 0 0 0 0 0 0 0 0 0 0 710000 0 710000 0 0 0 0 0 4438887 0 4438887 0 205929 0 205929 0 785343 0 785343 0 395192 0 395192 0 0 0 0 0 29049 0 29049 0 87550 0 87550 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 526332 0 526332 0 1018130 0 1018130 0 811901 0 811901 0 0 0 0 0 625991 0 625991 0 0 0 0 0 0 0 0 0 131503 0 131503 0 3365903 0 3365903 0 0 0 0 0 444841 0 444841 0 77340 0 77340 0 CREDIT CARD, DEBIT CARD, AND BILL PAY 1487919 0 1487919 0 ATM EXPENSE 176474 0 176474 0 LOAN SERVICING 1337129 0 1337129 0 PROVISION FOR LOAN LOSS 1729730 0 1729730 0 0 0 0 0 18385143 0 18385143 0 0 0 0 0 2226290 1860494 31364049 52240627 0 0 0 0 0 0 0 0 217847383 207492076 0 0 0 0 10957924 4581780 6446539 6376144 0 0 95203872 78631769 0 0 0 0 11335381 11110037 364423514 357711147 3047006 1290081 0 0 0 0 0 0 0 0 0 0 0 0 5000000 0 339444424 338697092 347491430 339987173 X 0 0 3273619 3273619 13658465 14450355 16932084 17723974 364423514 357711147 1263378 -471488 0 0 0 0 X false true false false 1384973 1384973 6285904 -2487569 3798335 3287047 -2094211 1192836 6376144 MBS CMO SBA LOAN POOLS BANK CDS CORPORATE BONDS 78631769 F 78631769 Other assets 11110037 11110037 MEMBER SHARES 338697092 338697092 19648521 0 19648521 0 19648521 18385143 0 18385143 0 18385143 false false false DARREN CAMERON PRESIDENT CEO 260000 0 0 0 20000 0 0 0 0 0 280000 0 0 0 Part VI, Line 15 CEOs compensation is reviewed and established by the compensation committee 3 Board Members. They utilize industry data for review and determination of compensation. For all other staff including the executive management they are approved by the CEO. This process is done annually.