401k Plan data: MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST plan

MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST 401k Plan overview

Plan Name	MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST
Plan identification number	002

MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

MEMBER ONE FEDERAL CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name: MEMBER ONE FEDERAL CREDIT UNION

Employer identification number (EIN): 540526784

NAIC Classification: 522130
NAIC Description: Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2011-01-01 KIMBERLEY V. BRASWELL KIMBERLEY V. BRASWELL 2012-02-14
002 2010-01-01 KIMBERLEY V. BRASWELL KIMBERLEY V. BRASWELL 2011-10-12
002 2009-01-01 KIMBERLEY BRASWELL

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
002	2011-01-01	KIMBERLEY V. BRASWELL	KIMBERLEY V. BRASWELL	2012-02-14
002	2010-01-01	KIMBERLEY V. BRASWELL	KIMBERLEY V. BRASWELL	2011-10-12
002	2009-01-01	KIMBERLEY BRASWELL

Plan Statistics for MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

401k plan membership statisitcs for MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

Measure Date Value
2011: MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year 2011-01-01 210
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 0
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 0
Total of all active and inactive participants 2011-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 0
Number of participants with account balances 2011-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST 2010 401k membership
Total participants, beginning-of-year 2010-01-01 241
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 165
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 45
Total of all active and inactive participants 2010-01-01 210
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 210
Number of participants with account balances 2010-01-01 180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0
2009: MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year 2009-01-01 232
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 165
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 70
Total of all active and inactive participants 2009-01-01 235
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 235
Number of participants with account balances 2009-01-01 199
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2011: MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year	2011-01-01	210
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	0
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	0
Total of all active and inactive participants	2011-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	0
Number of participants with account balances	2011-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST 2010 401k membership
Total participants, beginning-of-year	2010-01-01	241
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	165
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	45
Total of all active and inactive participants	2010-01-01	210
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	210
Number of participants with account balances	2010-01-01	180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0
2009: MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year	2009-01-01	232
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	165
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	70
Total of all active and inactive participants	2009-01-01	235
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	235
Number of participants with account balances	2009-01-01	199
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

Measure	Date	Value
2011 : MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-04-30	$0
Total transfer of assets from this plan	2011-04-30	$4,243,479
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-04-30	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-04-30	$0
Total income from all sources (including contributions)	2011-04-30	$476,590
Total loss/gain on sale of assets	2011-04-30	$0
Total of all expenses incurred	2011-04-30	$16,423
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-04-30	$16,023
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-04-30	$214,513
Value of total assets at end of year	2011-04-30	$0
Value of total assets at beginning of year	2011-04-30	$3,783,312
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-04-30	$400
Total interest from all sources	2011-04-30	$-1,012
Total dividends received (eg from common stock, registered investment company shares)	2011-04-30	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-04-30	No
Was this plan covered by a fidelity bond	2011-04-30	Yes
Value of fidelity bond cover	2011-04-30	$5,000,000
If this is an individual account plan, was there a blackout period	2011-04-30	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-04-30	$0
Were there any nonexempt tranactions with any party-in-interest	2011-04-30	No
Contributions received from participants	2011-04-30	$120,659
Participant contributions at end of year	2011-04-30	$0
Participant contributions at beginning of year	2011-04-30	$76,425
Income. Received or receivable in cash from other sources (including rollovers)	2011-04-30	$1,096
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-04-30	No
Value of net income/loss	2011-04-30	$460,167
Value of net assets at end of year (total assets less liabilities)	2011-04-30	$0
Value of net assets at beginning of year (total assets less liabilities)	2011-04-30	$3,783,312
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-04-30	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-04-30	No
Were any leases to which the plan was party in default or uncollectible	2011-04-30	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-04-30	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-04-30	$3,477,542
Interest on participant loans	2011-04-30	$1,180
Interest earned on other investments	2011-04-30	$-2,192
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2011-04-30	$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2011-04-30	$229,345
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-04-30	$263,089
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-04-30	No
Was there a failure to transmit to the plan any participant contributions	2011-04-30	No
Has the plan failed to provide any benefit when due under the plan	2011-04-30	No
Contributions received in cash from employer	2011-04-30	$92,758
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-04-30	$16,023
Contract administrator fees	2011-04-30	$400
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2011-04-30	Yes
Did the plan have assets held for investment	2011-04-30	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-04-30	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-04-30	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-04-30	Yes
Opinion of an independent qualified public accountant for this plan	2011-04-30	Disclaimer
Accountancy firm name	2011-04-30	KENNETT & KENNETT, P.C.
Accountancy firm EIN	2011-04-30	541174777
2010 : MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$890,463
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$89,351
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$77,415
Value of total corrective distributions	2010-12-31	$8,861
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$535,221
Value of total assets at end of year	2010-12-31	$3,783,312
Value of total assets at beginning of year	2010-12-31	$2,982,200
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$3,075
Total interest from all sources	2010-12-31	$9,448
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$341,506
Participant contributions at end of year	2010-12-31	$76,425
Participant contributions at beginning of year	2010-12-31	$21,946
Participant contributions at beginning of year	2010-12-31	$64
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$801,112
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$3,783,312
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$2,982,200
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$3,477,542
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$2,742,623
Interest on participant loans	2010-12-31	$2,575
Interest earned on other investments	2010-12-31	$6,873
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2010-12-31	$229,345
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2010-12-31	$217,519
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$345,794
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$193,715
Employer contributions (assets) at beginning of year	2010-12-31	$48
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$77,415
Contract administrator fees	2010-12-31	$3,075
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	KENNETT & KENNETT, P.C.
Accountancy firm EIN	2010-12-31	541174777
2009 : MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

2011: MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	Yes
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2010: MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	Yes
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Insurance	Yes
2010-01-01	Plan benefit arrangement – Insurance	Yes
2009: MEMBER ONE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes

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Company Name:	MEMBER ONE FEDERAL CREDIT UNION
Employer identification number (EIN):	540526784
NAIC Classification:	522130
NAIC Description:	Credit Unions