2025-11-11T10:58:48-06:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 381598795 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN INTANDEM CREDIT UNION CRED 6163363490 1619 PLAINFIELD NE GRAND RAPIDS MI 49505 KRISTEN PLICHTA PRESIDENT/CEO 6163363490 2025-11-11 1 0 AUBREY CLEGG P01076395 3052328272 2025-11-09 2024 2025-03-06 01:10:19Z INTANDEM CREDIT UNION KRISTEN PLICHTA 1619 PLAINFIELD NE GRAND RAPIDS MI 49505 4161984 0 X WWW.INTANDEMCU.COM X 1956 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 7 7 31 7 26645 0 0 0 3297814 3598638 530001 563346 0 0 3827815 4161984 1905 1860 0 0 1512366 1434304 0 0 0 1823005 2374092 3337276 3810256 490539 351728 72187777 71470962 64522026 63399530 7665751 8071432 TO EXCEED EXPECTATIONS IN EVERY INTERACTION AND INSPIRE OUR NEIGHBORS TO ACHIEVE FINANCIAL STABILITY AND SUCCESS. 0 0 PROVIDE 5,051 MEMBERS WITH SAVINGS, SHARE DRAFT, HIGH YIELD SHARES, VACATION AND CHRISTMAS CLUB, BUSINESS AND FIDUCIARY ACCOUNTS, CERTIFICATES OF DEPOSIT, IRAS AND MONEY MARKET ACCOUNTS WITH AGGREGATE BALANCES THAT APPROXIMATED $62,700,000 AS OF DECEMBER 31, 2024. PROVIDE 3,141 LOANS INCLUDING HOME EQUITY, SHARE SECURED, FIRST MORTGAGE, CREDIT CARD, UNSECURED, NEW AND USED VEHICLE, RECREATIONAL VEHICLES, AND LINE OF CREDIT. TOTAL LOAN BALANCES APPROXIMATED $43,700,000 AS OF DECEMBER 31, 2024. OFFER ATM AND DEBIT CARDS, SHARED BRANCHING, MONEY ORDERS, BILL PAY, CHECK CASHING, WIRE TRANSFERS, BILINGUAL SERVICES AND INSURANCE PRODUCTS. 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1531 0 1 31 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X INTANDEM CREDIT UNION 6163363490 1619 PLAINFIELD NE GRAND RAPIDS MI 49505 JON DENHOF CHAIRPERSON 1.00 X 0 0 0 ELIZABETH WINNINGER VICE CHAIRPERSON 1.00 X 0 0 0 VICKI SEIDL TREASURER 1.00 X 0 0 0 KRISTIAN DANIEL SECRETARY 1.00 X 0 0 0 DANIEL KENT DIRECTOR 1.00 X 0 0 0 ESTEBAN CAMARGO DIRECTOR 1.00 X 0 0 0 AL JANO DIRECTOR 1.00 X 0 0 0 DANIEL KENDALL DIRECTOR 1.00 X 0 0 0 KRISTEN PLICHTA PRESIDENT/CEO 60.00 X 141597 0 29614 TRACY ELMORABETI VP OF ACCOUNTING 45.00 X 91193 0 22158 232790 0 51772 1 0 1 0 CUANSWERS 6000 28TH STREET SE SUITE 100 GRAND RAPIDS MI 49546 DATA PROCESSING 283472 VELERA COMMUNICATIONS(FKA CU COOPERATIVE 560 CARILLON PARKWAY ST PETERSBURG FL 33716 ATM/DEBIT NETWORK PROCESSING 193028 2 LOAN INTEREST INCOME 522100 2463239 2463239 FEE AND OTHER INCOME 522100 1108754 1108754 FINANCE AND INSURANCE 520000 26645 26645 3598638 563346 563346 4161984 3571993 26645 563346 X 1860 284562 838171 62795 156848 91928 15008 66740 19304 46513 486066 184473 139915 22026 781095 148310 27607 LOAN SERVICING 203456 PROVISION FOR LOAN LOSS 189442 MISCELLANEOUS EXPENSE 22528 EXAMINATION FEES 12982 8627 3810256 442541 679146 4810000 4471000 8887 81484 42603651 43427970 56625 53475 4612313 659904 4091879 3952409 14179269 10872045 4942007 6943219 1052918 990214 72187777 71470962 457853 699800 64064173 62699730 64522026 63399530 X 0 0 0 0 7665751 8071432 7665751 8071432 72187777 71470962 351728 53953 0 X X 0 1 X 1 0 342209 342209 3575770 308263 3267507 47287 7928 39359 647047 343713 303334 3952409 AFS INVESTMENTS 812664 F CU*ANSWERS INVESTMENTS 104000 C XTEND CUSO STOCK 5000 C CARD SERVICES FOR CREDIT UNION 11671 C CO-OP INVESTMENTS 112291 C BOLI INVESTMENT 1333306 F HTM CERTIFICATES OF DEPOSIT 7928000 C FHLB 89736 C CORPORATE BOND 475377 C 10872045 ALLOYA CORPORATE FEDERAL CREDIT UNION 6943219 C 6943219 CLUB ACCOUNTS 6470517 IRA ACCOUNTS 2022742 MONEY MARKET 22813116 REGULAR SHARES 21365045 SHARE DRAFTS 10028310 62699730 X 4161984 0 4161984 0 4161984 3810256 0 3810256 0 3810256 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. X X X X 0 0 0 KRISTEN PLICHTA PRESIDENT/CEO 129097 0 12500 0 0 0 8832 0 20782 0 171211 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE AND VOTING. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS ARE ELECTED AT THE ANNUAL MEETING FOR A 3 YEAR TERM. FORM 990, PART VI, SECTION A, LINE 7B BY-LAW CHANGES AND CHARTER CHANGES ARE APPROVED BY THE BOARD BUT ARE RATIFIED BY THE MEMBERSHIP AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT/CEO REVIEWS THE 990 PRIOR TO SUBMISSION TO THE IRS. SUBSEQUENT TO FILING, THE BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF THE 990 RETURN SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C THE PERSONNEL POLICY ADDRESSES CONFLICTS OF INTEREST FOR EMPLOYEES. THE BOARD OF DIRECTORS/OFFICIAL RESPONSIBILITY AND CODE OF CONDUCT PACKET ADDRESSES CONFLICTS OF INTEREST FOR THE BOARD OF DIRECTORS. ALL STAFF AND BOARD MEMBERS ARE REQUIRED TO SIGN THAT THEY HAVE RECEIVED A COPY, READ AND UNDERSTAND THE POLICY. THEY ARE ALSO REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION UTILIZES A SALARY ADMINISTRATION SOFTWARE THROUGH THE MCUL THAT WAS CUSTOMIZED SPECIFICALLY FOR OUR CREDIT UNION. FROM THE DATA SOFTWARE AN HOURLY WAGE AND SALARY CLASSIFICATION MATRIX IS COMPILED AND APPROVED BY THE BOARD OF DIRECTORS. THE CEO'S EVALUATION IS PERFORMED BY THE PRESIDENT/CEO SALARY REVIEW COMMITTEE WHICH UTILIZES THE MATRIX AS A BASELINE. EMPLOYEE COMPENSATION IS SET BY MANAGEMENT WITHIN THE BUDGET AND THE MATRIX APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE DISPLAYED IN THE CREDIT UNION LOBBY. ALL OTHER GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART IX, LINE 24E ASSOCIATION DUES 8,627. FORM 990, PART XII, LINE 2C THE CREDIT UNION UNDERWENT AN OPINION AUDIT ON THE FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED SEPTEMBER 30, 2024. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE OVERSIGHT OF THE OPINION AUDIT. THIS IS A NEW PROCESS IN THAT THE CREDIT UNION HAD NOT HAD AN OPINION AUDIT PRIOR TO 2024.