2024-11-14T15:20:10-06:00 2023-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2023-01-01 263891535 COMMUNITY CHOICE FOUNDATION INC COMM 8772432528 31155 NORTHWESTERN HIGHWAY FARMINGTON HILLS MI 48334 ROBERT BAVA PRESIDENT 8772432528 2024-11-12 1 0 JOSEPH ZITO P00648440 2482443000 2023 2024-10-15 13:58:12Z ROBERT BAVA 31155 NORTHWESTERN HWY FARMINGTON HILLS MI 48334 160670 0 X N/A X 2010 MI PROVIDING HIGHER LEARNING SCHOLARSHIPS FOR GRADUATING HIGH SCHOOL, CONTINUING EDUCATION, AND SKILLED TRADES TO MICHIGAN STUDENTS. 6 6 0 6 0 0 52230 160579 0 0 45 91 0 0 52275 160670 101000 104000 0 0 0 0 0 0 0 20 0 101020 104000 -48745 56670 185164 241834 0 0 185164 241834 PROVIDING HIGHER LEARNING SCHOLARSHIPS FOR GRADUATING HIGH SCHOOL, CONTINUING EDUCATION, AND SKILLED TRADES TO MICHIGAN STUDENTS. 0 0 100000 100000 FIFTEEN SCHOLARSHIPS OF $5,000 AND TEN SCHOLARSHIPS OF $2,500 EACH WERE DISTRIBUTED TO GRADUATING HIGH SCHOOL, CONTINUING EDUCATION AND SKILLED TRADES STUDENTS IN THE STATE OF MICHIGAN. 4000 4000 EIGHT ORGANIZATIONS RECEIVED GRANTS THROUGH PAYROLL DEDUCTIONS BY TEAM MEMBERS. 104000 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 MI X KELLI WISNER-FRANK 8772432528 31155 NORTHWESTERN HWY FARMINGTON HILLS MI 48334 ROBERT BAVA PRESIDENT 1.00 40.00 X 0 1063998 77778 DAN MUNRO VICE PRESIDENT 1.00 40.00 X 0 518261 73534 DONNA SIEJUTT SECRETARY 1.00 40.00 X 0 320121 53241 KELLI WISNER-FRANK TREASURER 1.00 40.00 X 0 403919 55053 JENNIFER HURREN TRUSTEE 1.00 40.00 X 0 320702 24051 TERESA MAYER TRUSTEE 1.00 40.00 X 0 337731 37363 0 2964732 321020 0 0 1 0 0 75000 85579 160579 91 91 160670 0 0 91 4000 4000 100000 100000 104000 104000 0 0 185164 241834 185164 241834 0 0 X 0 0 0 0 185164 241834 185164 241834 185164 241834 56670 0 X 0 0 0 X 227553 348200 240254 52230 160579 1028816 227553 348200 240254 52230 160579 1028816 605110 423706 10 18 45 45 91 209 1029025 0.41180 0.35260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 SCHOLARSHIPS 25 100000 SCH I, PART I, LINE 2 PUBLIC CHARITABLE ORGANIZATIONS TO WHICH THE FOUNDATION MAY DONATE FUNDS ARE DECIDED BASED ON A VOTE CONDUCTED AMONGST THE EMPLOYEES OF THE COMMUNITY CHOICE CREDIT UNION. THERE IS NO FOLLOW UP CONDUCTED BY THE FOUNDATION ONCE THESE FUNDS ARE DISBURSED. HOWEVER, THE SCHOLARSHIP RECIPIENTS ARE MONITORED TO ENSURE THAT EACH STUDENT MAINTAINS AN ADEQUATE GRADE POINT AVERAGE SUBSEQUENT TO THE DISBURSEMENT OF FUNDS. THIS IS MONITORED THROUGH THE REQUEST OF SUBSEQUENT COURSE TRANSCRIPTS. SCH I, PART III, COLUMN B THE FOUNDATION FUNDED 25 SCHOLARSHIPS DURING THE TAX PERIOD ENDED DECEMBER 31, 2023. SCHOLARSHIP FUNDS ARE PAID DIRECTLY TO EACH RECIPIENT'S COLLEGE TO ENSURE THE FUNDS ARE USED FOR THEIR INTENDED PURPOSE. RECIPIENTS MUST COMPLETE THE ACADEMIC YEAR IN WHICH THE SCHOLARSHIP IS APPLIED AND MUST ALSO MAINTAIN A MINIMUM 2.5 GPA DURING THAT ACADEMIC YEAR. THE RECIPIENT MAY NOT TRANSFER TO AN OUT-OF-STATE SCHOOL DURING THE YEAR IN WHICH THE SCHOLARSHIP IS APPLIED. STUDENTS MUST PROVIDE A TRANSCRIPT OF THEIR GRADES FOLLOWING THE TERM(S) IN WHICH THE FUNDS ARE APPLIED TO THE STUDENT'S TUITION. 0 1 0 0 0 0 0 0 0 ROBERT BAVA PRESIDENT 0 765331 0 293535 0 5132 0 52500 0 25278 0 1141776 0 0 DAN MUNRO VICE PRESIDENT 0 386961 0 127750 0 3550 0 52500 0 21034 0 591795 0 0 KELLI WISNER-FRANK TREASURER 0 305279 0 89940 0 8700 0 31401 0 23652 0 458972 0 0 TERESA MAYER TRUSTEE 0 262831 0 63200 0 11700 0 32764 0 4599 0 375094 0 0 DONNA SIEJUTT SECRETARY 0 233364 0 67500 0 19257 0 31339 0 21902 0 373362 0 0 JENNIFER HURREN TRUSTEE 0 244793 0 60000 0 15909 0 22500 0 1551 0 344753 0 0 PART I, LINE 4B THE FOLLOWING PARTICIPANTS PARTICIPATE IN A NON-QUALIFIED RETIREMENT PLAN: DANIEL MUNRO KELLI WISNER-FRANK ROBERT BAVA TERESA MAYER DONNA SIEJUTT DAN MUNRO, COO/EVP PARTICIPATES IN A 457F PLAN. THE ACCRUED BENEFIT LIABILITY AS OF DECEMBER 31, 2023 APPROXIMATED $347,000. COMMUNITY CHOICE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO THE CEO, ROBERT BAVA, THE CHRO, DONNA SIEJUTT, AND THE CFO, KELLI WISNER-FRANK, THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." AT SPECIFIED TIMES, THE PARTICIPANT MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST, PLUS KEY-PERSON INSURANCE PROCEEDS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 WILL NOT BE PROVIDED TO THE ORGANIZATION'S GOVERNING BODY PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. COMMUNITY CHOICE CREDIT UNION 31155 NORTHWESTERN HIGHWAY FARMINGTON HILLS MI 48334 380960035 CREDIT UNION MI 501(C)(14) 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 COMMUNITY CHOICE CREDIT UNION C 75000 ACTUAL COMMUNITY CHOICE CREDIT UNION M 86407 ESTIMATE COMMUNITY CHOICE CREDIT UNION O 111793 ESTIMATE