SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
Credit Unions Chartered in the State of Michigan
 
Employer identification number

38-1796409
Return Reference Explanation
Form 990, Part VI, Section A, Line 4 The Credit Union had a Field of Membership change.
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 is elected by members voting at the annual meeting for 3 year terms.
Form 990, Part VI, Section A, Line 7b The Credit Union needs member approval for mergers.
Form 990, Part VI, Section B, Line 11b The 990 is reviewed by the CEO prior to filing and made available to the Board of Directors to review.
Form 990, Part VI, Section B, Line 12c Conflicts of interest policy are reviewed at the annual meeting and monitored by the internal compliance auditor.
Form 990, Part VI, Section B, Line 15 Compensation committee establishes compensation for the CEO using independent consultant and surveys. The compensation is approved by the Board of Directors. Last compensation review for the CEO was in 2014. Vice President of Finance compensation is determined by the CEO with approval from the Board based on CUES and MI Credit Union League surveys and bonus paid by goals being met. Vice President of Finance compensation review was completed in 2014.
Form 990, Part VI, Section C, Line 19 The monthly financial statements are posted in the Credit Union lobby. All other documents and policies are available for review upon request.
Form 990, Part XI, Line 9 Equity Acquired in Merger $73,035
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014

Additional Data


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