Credit Unions Chartered in the State of Michigan

Address
4353 Maple Street
Dearborn, MI 48126
Contact
Website: http://www.villageccu.org
Phone: +1 (313) 584-5400
Nonprofit
NTEE: W61 - Credit Unions
EIN: 38-1329440

Mission

To provide exceptional financial solutions for each stage of your life.
 20152014201320122011
Basic features of the organization
Year of formation1936
Metropolitan statistical area2162
Form of organization
Other form of orgTrue
Description of other form of orgCredit Union
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$150,238.00$168,358.00$173,941.00$164,924.00$150,196.00
Sum of reportable (W2/1099) compensation$136,796.00$151,669.00$154,455.00$141,308.00$133,881.00
Number of employees1211111315
Number of people compensated >$100k00000
Number of volunteers1315151515
Number of highly compensated contractors000  
Personnel
Daros, Michelle
Title Chairperson (Jan-Jun 2014)Chairperson until May 2014ChairpersonChairperson
Name of key/compensated person Michelle DaRosMichelle DaRosMichelle DaRosMichelle DaRos
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 2222
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Fawaz-Anouti, Brigitte
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personBrigitte Fawaz-AnoutiBrigitte Fawaz-AnoutiBrigitte Fawaz-AnoutiBrigitte Fawaz-AnoutiBrigitte Fawaz-Anouti
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org22222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Graham, Doris
TitleSenior Vice President/CFOSenior Vice President/CFOSenior Vice President/CFOSenior Vice President/CFOSenior Vice President/CFO
Name of key/compensated personDoris GrahamDoris GrahamDoris GrahamDoris GrahamDoris Graham
Position of compensated person
Average hours per week working for org4040404040
Reportable compensation from org$81,818.00$60,531.00$62,504.00$57,199.00$53,954.00
Other comp, non-reportable, from org and related orgs$7,787.00$6,865.00$7,233.00$7,986.00$5,199.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Grimwade, Cynthia
TitleChairpersonVice ChairpersonSecretarySecretarySecretary
Name of key/compensated personCynthia GrimwadeCynthia GrimwadeCynthia GrimwadeCynthia GrimwadeCynthia Grimwade
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org22222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Hamilton-Stokes, Pamela
TitleVice ChairpersonDirectorDirectorDirectorDirector
Name of key/compensated personPamela Hamilton-StokesPamela Hamilton-StokesPamela Hamilton-StokesPamela Hamilton-StokesPamela Hamilton-Stokes
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org22222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Maurus, Edward
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personEdward MaurusEdward MaurusEdward MaurusEdward MaurusEdward Maurus
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org22222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Miller, Jerry
TitleSecreatarySecreataryDirectorDirectorDirector
Name of key/compensated personJerry MillerJerry MillerJerry MillerJerry MillerJerry Miller
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org22222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Quinn, Vincent
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personVincent QuinnVincent QuinnVincent QuinnVincent QuinnVincent Quinn
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org22222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Skarupinski, Eugene
TitleTreasurerTreasurerTreasurerTreasurerTreasurer
Name of key/compensated personEugene SkarupinskiEugene SkarupinskiEugene SkarupinskiEugene SkarupinskiEugene Skarupinski
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org22222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Skomra, Daniel
Title Chairperson (Jun 2014-current)Vice ChairpersonVice ChairpersonVice Chairperson
Name of key/compensated person Daniel SkomraDaniel SkomraDaniel SkomraDaniel Skomra
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 2222
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Thompson, Janet
TitlePresident/CEOPresident/CEOPresident/CEOPresident/CEOPresident/CEO
Name of key/compensated personJanet B ThompsonJanet B ThompsonJanet B ThompsonJanet B ThompsonJanet B Thompson
Position of compensated person
Average hours per week working for org4040404040
Reportable compensation from org$54,978.00$91,138.00$91,951.00$84,109.00$79,927.00
Other comp, non-reportable, from org and related orgs$5,655.00$9,824.00$12,253.00$15,630.00$11,116.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTo provide financial services to member owners with a common bond.To provide financial services to member owners with a common bond.To provide financial services to member owners with a common bond.To provide financial services to member owners with a common bond.To provide financial services to member owners with a common bond.
Program service expenses, total$0.00$0.00$0.00$0.00$0.00
Programs, including revenue & expenses
Offer ATM/Debit Card Program, Check Cashing, Money Orders, No Surcharge ATMs, Bilingual Services, Insurance/Investment Sales, No cost Bill Payer, No cost Tax Preparation Services, Financial Education, Financial Literacy Workshops and First Time Homebuyer Program.
Program expenses   $0.00$0.00
Grants and allocations made   $0.00$0.00
Program revenue   $0.00$0.00
Program descriptionOffer ATM/Debit Card Program, Check Cashing, Money Orders, No Surcharge ATMs, Bilingual Services, Insurance/Investment Sales, No cost Bill Payer, No cost Tax Preparation Services, Financial Education, Financial Literacy Workshops and First Time Homebuyer Program.Offer ATM/Debit Card Program, Check Cashing, Money Orders, No Surcharge ATMs, Bilingual Services, Insurance/Investment Sales, No cost Bill Payer, No cost Tax Preparation Services, Financial Education, Financial Literacy Workshops and First Time Homebuyer Program.Offer ATM/Debit Card Program, Check Cashing, Money Orders, No Surcharge ATMs, Bilingual Services, Insurance/Investment Sales, No cost Bill Payer, No cost Tax Preparation Services, Financial Education, Financial Literacy Workshops and First Time Homebuyer Program.Offer ATM/Debit Card Program, Check Cashing, Money Orders, No Surcharge ATMs, Bilingual Services, Insurance/Investment Sales, No cost Bill Payer, No cost Tax Preparation Services, Financial Education, Financial Literacy Workshops and First Time Homebuyer Program.Offer ATM/Debit Card Program, Check Cashing, Money Orders, No Surcharge ATMs, Bilingual Services, Insurance/Investment Sales, No Cost Bill Payer, No Cost Tax Preparation Services, Financial Education, Financial Literacy Workshops, First Time Homebuyer Program.
Provide 2,261 loans including Vehicle, Overdraft Protection, Home Equity, Signature, Credit Card, Recreational Vehicle and Share Secured loans.
Program expenses  $0.00$0.00$0.00
Grants and allocations made  $0.00$0.00$0.00
Program revenue  $0.00$0.00$0.00
Program descriptionProvide 2,261 loans including Vehicle, Overdraft Protection, Home Equity, Signature, Credit Card, Recreational Vehicle and Share Secured loans.Provide 2,392 loans including Vehicle, Overdraft Protection, Home Equity, Signature, Credit Card, Recreational Vehicle and Share Secured loans.Provide 2,309 loans including Vehicle, Overdraft Protection, Home Equity, Signature, Credit Card, Recreational Vehicle and Share Secured loans.Provide 1,765 loans including Vehicle, Overdraft Protection, Home Equity, Signature, Credit Card, Recreational Vehicle and Share Secured loans.Provide 1,574 loans including Vehicle, Overdraft Protection, Home Equity, Signature, Credit Card, Recreational Vehicle and Share Secured.
Provide 3,269 members with Regular Savings, Share Drafts, Christmas Club, IRA, Money Market and Certificate of Deposit accounts totaling 6,658.
Program expenses  $0.00$0.00$0.00
Grants and allocations made  $0.00$0.00$0.00
Program revenue  $0.00$0.00$0.00
Program descriptionProvide 3,269 members with Regular Savings, Share Drafts, Christmas Club, IRA, Money Market and Certificate of Deposit accounts totaling 6,658.Provide 3,252 members with Regular Savings, Share Drafts, Christmas Club, IRA, Money Market and Certificate of Deposit accounts totaling 6,499.Provide 3,445 members with Regular Savings, Share Drafts, Christmas Club, IRA, Money Market and Certificate of Deposit accounts totaling 6,084.Provide 3,604 members with Regular Savings, Share Drafts, Christmas Club, IRA, Money Market and Certificate of Deposit accounts totaling 5,694.Provide 3,589 members with Regular Savings, Share Drafts, Christmas Club, IRA, Money Market and Certificate of Deposit accounts totaling 5,013.
Financial data
Revenue
Total revenue$1,450,950.00$1,407,812.00$1,346,504.00$1,286,918.00$1,115,079.00
Revenue from contributions (total)$0.00$0.00$0.00$0.00$0.00
Investment income, current yr$86,524.00$92,486.00$80,351.00$109,635.00$135,704.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$17,117.00$19,106.00$20,407.00$19,575.00$16,782.00
Other revenue, current yr$0.00$0.00$0.00$0.00$0.00
Net unrelated business taxable revenue-$10,654.00-$6,783.00-$3,163.00$1,843.00-$817.00
Program service revenue (total)$1,364,426.00$1,315,326.00$1,266,153.00$1,177,283.00$979,375.00
Gross receipts$1,450,950.00$1,407,812.00$1,346,504.00$1,286,918.00$1,115,079.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$0.00$0.00$0.00$0.00$0.00
Income from dividends, interest, and similar investments$86,524.00$92,486.00$80,351.00$109,635.00$135,704.00
Net rental income$0.00$0.00 $0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$1,349,898.00$1,306,797.00$1,233,263.00$1,095,083.00$1,324,773.00
Total functional expenses: program service $0.00$0.00$0.00$0.00$0.00
Total functional expenses: management and general$0.00$0.00$0.00$0.00$0.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)$4,798.00$12.00 $205.00$19,601.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$20,728,259.00$18,480,102.00$18,107,343.00$17,456,056.00$16,807,830.00
Total assets, beginning of year$18,480,102.00$18,107,343.00$17,456,056.00$16,807,830.00$16,766,688.00
Total liabilities$18,410,784.00$16,247,824.00$15,968,188.00$15,385,880.00$14,910,528.00
Total liabilities, beginning of year$16,247,824.00$15,968,188.00$15,385,880.00$14,910,528.00$14,768,581.00
Net assets$2,317,475.00$2,232,278.00$2,139,155.00$2,070,176.00$1,897,302.00
Net assets, beginning of year$2,232,278.00$2,139,155.00$2,070,176.00$1,897,302.00$1,998,107.00
Other liabilities$17,668,759.00$16,029,859.00$15,113,766.00$14,841,003.00$14,728,228.00
Other assets$774,601.00$331,110.00$291,375.00$269,435.00$250,498.00
Investments: other securities$6,307,560.00$4,565,644.00$4,064,964.00$4,654,308.00$5,400,436.00
Cash: non-interest bearing$132,300.00$468,869.00$654,511.00$433,563.00$424,850.00
Cash: non-interest bearing, beginning of year$468,869.00$654,511.00$433,563.00$424,850.00$436,399.00
Investments -- program-related$734,318.00$610,739.00$567,083.00$131,617.00$258,738.00
Other financial variables
Revenue less expenses$101,052.00$101,015.00$113,241.00$191,835.00-$209,694.00
Advertising (total)$16,406.00$24,004.00$16,579.00$13,398.00$11,730.00
Accounts receivable, net$1,875.00$200.00$3,200.00$1,170.00$1,000.00
Prepaid expenses & deferred charges$35,764.00$83,030.00$60,982.00$55,634.00$53,928.00
Accounts payable & accrued expenses$330,980.00$217,965.00$204,422.00$544,877.00$182,300.00
Secured mortgages and notes payable$411,045.00 $650,000.00  
Total net assets or fund balances$2,317,475.00$2,232,278.00$2,139,155.00$2,070,176.00$1,897,302.00
Depreciation, depletion, amortization$51,607.00$50,008.00$49,852.00$41,724.00$39,994.00
Governance and accountability
Number of voting members78999
Number of independent voting members78999
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2015-01-012014-01-012013-01-012012-01-012011-01-01
Tax year end date2015-12-012014-12-012013-12-012012-12-012011-12-01
Has local chaptersTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2016-11-082015-10-082015-02-042013-09-232012-11-16
IRS schema version2015v2.12014v5.02013v4.02012v2.02011v1.2
Filing identifier201622289349304862201532719349300523201500229349300135201322199349300127201232409349300218
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