2025-10-27T13:02:06-05:00 2024-12-31 331498605 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2024-01-01 381395700 UNITED BAY COMMUNITY CREDIT UNION UNIT 9898924597 1309 NORTH LINCOLN AVENUE BAY CITY MI 487086172 DIANE ABBONIZIO CEO 9898924597 2025-10-22 1 1 JOSHUA NITZ CPA P01946955 2695674500 2025-10-22 2024 2025-03-06 01:10:19Z DIANE ABBONIZIO 1309 NORTH LINCOLN AVENUE BAY CITY MI 487086172 15865955 0 1359 X WWW.UBCCU.ORG X 1949 MI PROVIDE SERVICE TO OUR MEMBERS 7 7 105 10 16113 0 0 0 13210431 14654463 615298 1126725 0 0 13825729 15781188 0 0 0 0 6304084 6723832 0 0 0 7560435 8860379 13864519 15584211 -38790 196977 274268607 284134582 254481177 263962885 19787430 20171697 PROVIDING OUR MEMBERS THE RESOURCES TO DEVELOP STRONG FINANCIAL ROOTS. 0 0 SERVED APPROXIMATELY 18,700 MEMBERS BY OFFERING LOANS, DEPOSITS, AND VARIOUS OTHER FINANCIAL SOLUTIONS TO ENSURE FINANCIAL SUCCESS TO OUR MEMBERSHIP. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 2368 0 1 105 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X DIANE ABBONIZIO 9898911628 1309 N LINCOLN AVE BAY CITY MI 48708 DONALD GOULET VICE CHAIR 1.00 0.00 X X 0 0 0 CHRISTINE HOULE BOARD CHAIR 1.00 0.00 X X 0 0 0 DENNIS GENO TREASURER 1.00 0.00 X X 0 0 0 KELLY JOHNSON SECRETARY 1.00 0.00 X X 0 0 0 DAVENE IVEY BOARD MEMBER 1.00 0.00 X 0 0 0 LOUIE ROTH BOARD MEMBER 1.00 0.00 X 0 0 0 RENAY SCHMIDT BOARD MEMBER 1.00 0.00 X 0 0 0 LIZABETH HOWARD ASSOCIATE BOARD MEMBER 1.00 0.00 X 0 0 0 MARY BOSCO ASSOCIATE BOARD MEMBER 1.00 0.00 X 0 0 0 NICKIE ROSS ASSOCIATE BOARD MEMBER 1.00 0.00 X 0 0 0 DIANE ABBONIZIO CEO 60.00 0.00 X 278424 0 54397 DOUG KELLEY CFO 60.00 0.00 X 174967 0 49162 453391 0 103559 2 0 1 0 MEMBER DRIVEN TECHNOLOGY 30230 ORCHARD LAKE RD FARMINGTON HILLS MI 48334 TECHNOLOGY SUPPORT 838788 CO-OP SOLUTIONS 9692 HAVEN AVE STE 300 RANCHO CUCAMONGA CA 91730 CARD SERVICES 763333 NUSOURCE FINANCIAL 9479 HAMILTON ROAD EDEN PRAIRIE MN 55344 ATM MANAGEMENT 232760 SERENUS JOHNSON 5178 KASEMEYER ROAD BAY CITY MI 48706 BUILDING REMODEL 105525 YEO & YEO 5300 BAY ROAD SUITE 200 SAGINAW MI 48605 TECHNOLOGY SUPPORT 103609 7 LOAN INTEREST INCOME 522100 11789825 11789825 FEES AND CHARGES 522100 2860224 2844111 16113 GAIN ON SALE OF MORTGAGES AND LOA 522100 4414 4414 14654463 1135396 1135396 76096 84767 -8671 -8671 -8671 15781188 14638350 16113 1126725 556950 4311381 385681 1087651 382169 86835 212592 100411 140104 568495 580290 350081 24935 281950 611918 104840 DIVIDENDS PAID ON MEMBE 2621257 CREDIT CARD AND ACCOUNT 953445 PROVISION FOR LOAN LOSS 810894 OVER & SHORT ATM COLLEC 518148 894184 15584211 3650518 2830476 9639981 16038810 88817 70317 1367249 4504762 226957432 229310133 602242 660350 16386916 7591517 8973050 8795399 13245108 15132492 9744210 6791843 274268607 284134582 1168212 2330481 473719 557806 252839246 261074598 254481177 263962885 X 0 0 0 0 19787430 20171697 19787430 20171697 274268607 284134582 196977 187290 0 X 0 0 0 0 1 X 1212023 1212023 9962721 3373642 6589079 194214 190571 3643 5017958 4027304 990654 8795399 NON-NEGOTIABLE CERTIFICATES OF DEPOSIT 250000 C CORPORATE BONDS -407994 F MORTGAGE-BACKED SECURITIES 1791440 F US AND STATE INVESTMENTS 13499046 F 15132492 MEMBER SHARE ACCOUNTS 261074598 261074598 PART IV, LINE 2B: THE CREDIT UNION HOLDS AMOUNTS IN ESCROW ACCOUNTS FOR REAL ESTATE TAXES AND HOME INSURANCE RELATED TO HOME MORTGAGE LOANS. X X 0 0 0 DIANE ABBONIZIO CEO 265924 0 12500 0 0 0 25786 0 28611 0 332821 0 0 0 DOUG KELLEY CFO 169967 0 5000 0 0 0 15675 0 33487 0 224129 0 0 0 DIANE ABBONIZIO CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE INSURANCE X 4200000 4504762 0 1 1 4504762 FORM 990, PART VI, SECTION A, LINE 6 EVERY INDIVIDUAL THAT HAS AN ACCOUNT WITH THE CREDIT UNION IS CONSIDERED A MEMBER OF THE CREDIT UNION FORM 990, PART VI, SECTION A, LINE 7A EVERY MEMBER IS GIVEN ONE VOTE AND IS ABLE TO ELECT BOARD MEMBERS AT THE ANNUAL MEETING FORM 990, PART VI, SECTION A, LINE 7B DAY TO DAY DECISIONS OF THE GOVERNING BODY ARE NOT SUBJECT TO APPROVAL BY MEMBERS, HOWEVER, MAJOR STRATEGIC DECISIONS, SUCH AS MERGERS, ARE SUBJECT TO APPROVAL BY MEMBERS FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY IS PROVIDED WITH THE 990 RETURN ONCE IT IS COMPLETED. IT WILL BE REVIEWED BY MANAGEMENT AND THE GOVERNING BODY BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY BY REVIEWING IT THROUGHOUT THE YEAR AND TAKING APPROPRIATE ACTION. IF A BOARD MEMBER HAS A CONFLICT OF INTEREST, THE MEMBER WILL ABSTAIN FROM VOTING ON THE CONFLICTED ISSUE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS CALCULATED AND REVIEWED ANNUALLY BASED ON PERFORMANCE, SALARY RANGE IN THE POSITION AND CURRENT ECONOMIC CONDITIONS. THIS PROCESS WAS LAST PERFORMED DURING 2024. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST ONLY FORM 990, PART X, LINE 5 AND SCHEDULE L: SCHEDULE L IS NOT REQUIRED FOR LOANS RECEIVABLE BALANCES ON FORM 990, PART X, LINE 5 IF THE LOANS ARE MADE BY THE CREDIT UNION TO THE DIRECTORS, OFFICERS, AND KEY EMPLOYEES ON THE SAME TERMS OFFERED TO OTHER MEMBERS OF THE CREDIT UNION. THEREFORE, THE CREDIT UNION HAS INCLUDED APPROXIMATELY $190,000 AND $434,000 OF RECEIVABLES FROM CURRENT OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES FOR 2024 AND 2023 RESPECTIVELY, WITHIN FORM 990, PART X, LINE 7. FORM 990 - ACCOUNTING PERIOD THE CREDIT UNION REPORTS ON A JUNE 30 FISCAL YEAR FOR FINANCIAL REPORTING PURPOSES AND ON A DECEMBER 31 CALENDAR YEAR FOR TAX PURPOSES.