2024-05-14T16:25:32-07:00 2023-12-31 990 2023-01-01 381445060 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN CRED 2483229800 2100 Executive Hills Blvd Auburn Hills MI 48326 Nathan Davidson Chief Financial Officer 2483229800 2024-05-14 Nathan Davidson 999009999 1 1 11 1 AAL2 X 2023 2023-04-26 12:10:37Z GENISYS CREDIT UNION Jacqueline Buchanan 2100 Executive Hills Blvd Auburn Hills MI 48326 255140144 0 X www.genisyscu.org X 1953 MI Served 272,934 credit union members by providing financial services including various loan products as well as deposit products such as checking, savings, IRA and certificates. 8 8 638 8 335604 17374 0 0 144503940 192428821 16129763 20516072 40326425 42195251 200960128 255140144 0 0 0 0 40523562 43069234 0 0 0 73778921 130499544 114302483 173568778 86657645 81571366 4472149817 4852563944 3898910102 4177293250 573239715 675270694 To promote thrift to 272,934 credit union members by providing financial services including various loan products, deposit accounts, such as checking, savings, IRAs and certificates of deposit; electronic services including mobile banking, online banking, e-statements, ATM and debit cards; and financial education programs and services 0 0 Provided financial services to 272,934 credit union members during 2023. These included various loan products, deposit account products, electronic services, including mobile and online banking, e-statements, ATM, debit and credit cards and financial education programs and services 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 100944 0 1 638 1 1 1 0 0 0 0 0 1 0 X 8 8 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X Nathan Davidson 2483229800 2100 Executive Hills Blvd Auburn Hills MI 48326 Jacqueline Buchanan President CEO 60 0 X 2917472 0 34841 Nathan Davidson Chief Financial Officer 60 0 X 424488 0 66451 Allen Mitchell Business Loan 40 0 X 404310 0 28074 Donald White Mortgage officer 40 0 X 297249 0 33498 Michelle Mattson SVP Remote Delivery Channels 40 0 X 264195 0 56160 Andria George VP Human Resources 45 0 X 275493 0 23712 Matt Chapman Chief Information Officer 45 0 X 260350 0 33674 Jessica Buck VP of Lending 45 0 X 245197 0 23572 Heather Pizzala VP of Marketing 45 0 X 235057 0 18908 Lynn Dillon Mortgage Consultant 40 0 X 212465 0 30479 Sharon Nichols VP Sales and Service 40 0 X 209906 0 27602 Frank Klimczak Information Security Manager 40.00 0 X 203905 0 30333 Brian Dowgiallo VP Risk Management 40 0 X 197866 0 29553 Lori Daniels Business Lending Manager 45 0 X 168770 0 24910 Lance Smith VP of Real Estate Lending 40 0 X 174140 0 15647 James Fagan VP Real Estate Lending 45 0 X 164115 0 12710 Brian Zabowski Board Vice Chairperson 7 0 X 0 0 0 David Stolk Supervisory Committee Member 7 0 X 0 0 0 Mark Churay Board Member 7 0 X 0 0 0 John Schulte Board Member 7 0 X 0 0 0 Peter Devita Board Member 7 0 X 0 0 0 Barbara Pasciolla Supervisory Committee Member 7 0 X 0 0 0 James Campbell Board Treasurer 7 0 X 0 0 0 Kim Turner Board Chairperson 7 0 X 0 0 0 Greg Melega Board Secretary 7 0 X 0 0 0 Thomas Healy Board Member 7 0 X 0 0 0 Jennifer Rogers Supervisory Committee Member 7 0 X 0 0 0 Kristie Bidlake Supervisory Committee Chairperson 7 0 X 0 0 0 Lisa Christenson Supervisory Committee Member 7 0 X 0 0 0 MiVida Burrus Supervisory Committee Member 7 0 X 0 0 0 6654978 0 490124 41 1 1 0 MICHIGAN BUSINESS CONNECTION 2200 COMMONWEALTH BLVD STE 200 ANN ARBOR MI 48105 Loan services 1211031 MIDWEST LOAN SERVICES PO BOX 188 HOUGHTON MI 49931 Mortgage Loan servicing 794806 Launch Servicing LLC 402 W Broadway 20th Floor San Diego CA 92101 Loan servicing 886249 Madison One Lender Services 9375 East Shea Blvd Suite 100 Scottsdale AZ 85260 Business loan servicing 932741 Butler Rowse-Oberle PLLC 24525 Harper Ave St Clair Shores MI 48080 Attorney 423336 14 0 Interest Income on loans 522130 172688685 172688685 0 0 Fee income 525990 19740136 19588647 151489 0 0 0 0 0 192428821 20384908 20384908 0 0 0 0 0 0 0 0 0 0 0 0 0 131164 0 0 0 131164 131164 131164 0 0 Other Revenue 522130 42195251 42011136 184115 0 0 0 0 0 42195251 255140144 254804540 335604 0 5709109 0 29117534 1515137 3747731 2979723 170089 70599 15872 312418 4449917 16158278 1510861 3726453 163256 116625 68636360 2083454 166205 Loan losses 17872275 Loan servicing 14696341 State Operating fee 212901 Miscellaneous expenses 23193 114447 173568778 0 0 0 18384340 18372052 125439318 227607982 54195622 46850959 7850000 7850000 0 0 3218481038 3547250832 0 0 2236559 2416429 99658479 42090752 50060981 57567727 896147612 843816764 22661931 15529219 0 0 0 0 76692416 85301980 4472149817 4852563944 47682005 59639520 0 0 0 0 0 0 0 170000000 135000000 3681228097 3982653730 3898910102 4177293250 X 0 0 0 0 573239715 675270694 573239715 675270694 4472149817 4852563944 X 81571366 26298739 0 0 0 -5839126 X 0 1 X 1 0 0 20470394 20470394 0 54256920 19232409 35024511 0 846293 797906 48387 0 24084872 22060437 2024435 0 0 0 0 57567727 Other liabilities 3982653730 3982653730 X X X 0 0 0 Jacqueline Buchanan President CEO 1448303 0 1432500 0 36669 0 26400 0 8441 0 2952313 0 0 0 Nathan Davidson Chief Financial Officer 297772 0 120077 0 6639 0 29248 0 17203 0 470939 0 0 0 Andria George VP Human Resources 200803 0 63349 0 11342 0 16226 0 7486 0 299206 0 0 0 Michelle Mattson SVP Remote Delivery Channels 198775 0 60925 0 4494 0 42028 0 14132 0 320354 0 0 0 Matt Chapman Chief Information Officer 205689 0 50253 0 4408 0 16683 0 16991 0 294024 0 0 0 Jessica Buck VP of Lending 194207 0 50075 0 915 0 15645 0 7927 0 268769 0 0 0 Heather Pizzala VP of Marketing 182771 0 46706 0 5581 0 14668 0 4239 0 253965 0 0 0 Sharon Nichols VP Sales and Service 169216 0 36881 0 3808 0 13690 0 13913 0 237508 0 0 0 Brian Dowgiallo VP Risk Management 154727 0 39705 0 3434 0 12879 0 16674 0 227419 0 0 0 Lance Smith VP of Real Estate Lending 146878 0 17633 0 7629 0 11763 0 3884 0 187787 0 0 0 James Fagan VP Real Estate Lending 110775 0 51268 0 2072 0 8809 0 3901 0 176825 0 0 0 Allen Mitchell Business Loan 85359 0 314492 0 4459 0 25154 0 2919 0 432383 0 0 0 Donald White Mortgage officer 20865 0 275830 0 554 0 21833 0 11666 0 330748 0 0 0 Lynn Dillon Mortgage Consultant 23970 0 188495 0 0 0 15976 0 14503 0 242944 0 0 0 Frank Klimczak Information Security Manager 177788 0 22092 0 4025 0 14330 0 16003 0 234238 0 0 0 Lori Daniels Business Lending Manager 139062 0 23027 0 6681 0 11199 0 13711 0 193680 0 0 0 Jacqueline Buchanan President - CEO To fund premiums X 7850000 7850000 0 1 1 7850000 Form 990, Part VI, Section A, Line 6 The credit union is member owned. Form 990, Part VI, Section A, Line 7a The membership is invited to the annual meeting where they have the ability to vote for who is elected or re-elected to the Board. Form 990, Part VI, Section B, Line 11b The form 990 is reviewed by the CEO, the CFO, and the Accounting Manager Form 990, Part VI, Section B, Line 12c Should a conflict arise, an internal auditor would oversee the case. Form 990, Part VI, Section B, Line 15 Compease compensation date, which includes survey data from multiple sources, and data from RSG is provided to the personnel policy committee and reported to the Board of Directors. The process was completed for the CEO and other key employees in 2023. The process will be completed again in 2024. Form 990, Part VI, Section C, Line 19 Genisys Credit Union makes its governing documents, conflicts of interest policy and financial statements available at corporate headquarters during normal business hours, upon written request. The Annual Report is published on the website. Form 990, Part XI, Line 9 Adjustments for other comprehensive income adjusted after year end and adjustment for CECL adoption Genisys Credit Union Retiree Welfare Plan Trust PO Box 436034 Pontiac MI 483436034 383129811 VEBA MI 501 (c) (9) Genisys Credit Union 1 MEMBERS ASSET PLANNING PO Box 436034 Pontiac MI 48343 382695078 FINANCIAL PLANNING MI GENISYS CREDIT UNION C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 Genisys Credit Union Retiree Welfare Plan Trust q 536166 actual