2023-11-09T16:05:13-06:00 2022-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 660616454 990 2022-01-01 480477295 CREDIT UNION OF AMERICA CRED 3162653272 PO BOX 47528 WICHITA KS 67201 SAM GROVE CFO 3162653272 2023-11-09 1 SAM GROVE 999009999 0 GERALD TENBRINK P00638199 9138946214 2023-11-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z FRANK SHOFFNER PO BOX 47528 WICHITA KS 67201 81487338 0 X WWW.CUOFAMERICA.COM X 1935 KS PROVIDE LENDING, SAVINGS, AND FINANCIAL SERVICES FOR MUTUAL PURPOSE, INCLUDING CONSUMER LOANS, REAL ESTATE LOANS, CREDIT CARDS, SAVINGS AND CERTIFICATE ACCOUNTS, INVESTMENT OPTIONS, AND MULTIPLE METHODS FOR MEMBER ACCESS TO THEIR FINANCIAL SERVICES AND RESOURCES. 9 9 361 14 196408 0 0 10000 66910204 71812888 4529878 5682354 955855 1707158 72395937 79212400 61943 67240 0 0 21510944 22203396 0 0 0 29901898 36622115 51474785 58892751 20921152 20319649 1284661575 1405805782 1124123336 1229425765 160538239 176380017 PROVIDE LENDING, SAVINGS, AND FINANCIAL SERVICES FOR MUTUAL PURPOSE, INCLUDING CONSUMER LOANS, REAL ESTATE LOANS, CREDIT CARDS, SAVINGS AND CERTIFICATE ACCOUNTS, INVESTMENT OPTIONS, AND MULTIPLE METHODS FOR MEMBER ACCESS TO THEIR FINANCIAL SERVICES AND RESOURCES. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 91,208 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2022, MEMBER LOANS OUTSTANDING TOTALED $1,182,883,601. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $8,049,014 FOR THE YEAR. 0 1 1 0 0 0 0 0 0 1 0 0 0 1 1 1 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 0 1 27500 0 1 361 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X SAM GROVE 3162195159 8200 EAST 32ND ST N WICHITA KS 67226 RICHARD GILSTRAP CHAIRMAN 3.75 X 0 0 0 DEAN LANG SECRETARY 2.00 X 0 0 0 STANLEY LONGHOFER TREASURER 3.00 X 0 0 0 MARY KAY GLASNER DIRECTOR 3.00 X 0 0 0 KEVIN KIENZIE DIRECTOR 3.00 X 0 0 0 MARY SINGLETON DIRECTOR 1.25 X 0 0 0 WARREN BRIGGEMAN DIRECTOR 1.00 X 0 0 0 BRIAN MCGUIRE DIRECTOR 1.50 X 0 0 0 CLINTON KOKER DIRECTOR 1.00 X 0 0 0 FRANK SHOFFNER CEO 50.00 X 887214 0 147036 PAUL MEISSNER CFO (RETIRED) 50.00 X 308089 0 23053 EILEEN PHELPS COO 50.00 X 283671 0 84723 LEE ANN GABBERT CAO 50.00 X 262261 0 71032 DAVID GERMANN CLO 50.00 X 264219 0 71947 GOPI MENON CIO (TERMINATED) 50.00 X 244695 0 74916 SAM GROVE CFO 50.00 X 193055 0 12925 GLENDA BURKETT CORP GIVING/COMMUNICATIONS/MARKETING DIRECTOR 50.00 X 311278 0 25364 PAM HILDEBRAND RE LOAN OFFICER 50.00 X 207597 0 22542 HEATHER BAKER RE LOAN OFFICER 50.00 X 169329 0 16154 JIM JACOBS SVP RISK, ACCOUNTING & FINANCE 50.00 X 162770 0 11930 ERNEST WARREN VP REAL ESTATE LENDING 50.00 X 157305 0 15557 3451483 0 577179 28 0 1 0 COLLECTION PROFESSIONALS LLC PO BOX 48608 WICHITA KS 67201 COLLECTION AGENCY 184024 GIBSON WATSON MARINO LLC 301 N MAIN SUITE 1300 WICHITA KS 67202 ATTORNEY/LEGAL 115698 2 10000 10000 INTEREST ON LOANS 522130 50345815 50345815 VISA INTERCHANGE 522130 9802442 9802442 FEES & OTHER CHARGES 522130 7587159 7587159 INSURANCE SALES 522130 2793566 2708551 85015 RE ORIGINATION 522130 686601 686601 597305 485912 111393 71812888 5495892 5495892 113430 113430 2461400 2274938 186462 186462 186462 OTHER NON-OP INC (VISA CLASS B SH 522130 1216684 1216684 OTHER NON-OP INC (CAPITAL REPAYME 522130 377044 377044 1593728 79212400 79005992 196408 0 67240 2634382 15373417 896727 2182790 1116080 23950 1400797 370635 2333200 2706843 5872085 1904585 117065 557535 1422142 3577789 353782 DIVIDENDS 8049014 LOAN SERVICING 4616923 PROVISION FOR LOAN LOSS 1610964 DEFERRED COMPENSATION 980311 724495 58892751 15516877 18042252 57048412 58477318 1580888 1520254 1047913192 1176883625 5719612 6164301 55922362 24732094 32826884 31190268 62946660 47310747 18463996 26740767 42645054 39476250 1284661575 1405805782 14583929 21040813 765437 665910 41136443 81950000 1067637527 1125769042 1124123336 1229425765 X 0 0 0 0 160538239 176380017 160538239 176380017 1284661575 1405805782 20319649 -4477871 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100 100 100 0 CREDIT UNION PAC OF KANSAS 901 SW TOPEKA BLVD TOPEKA KS 66612 480949548 100 PART I-A, LINE 1: CONTRIBUTION TO THE CREDIT UNION PAC OF KANSAS 4397089 4397089 27193274 7587712 19605562 257728 228879 28849 24074271 16915503 7158768 31190268 MEMBER SHARE DEPOSITS 1123788817 ACCRUED LIABILITY - DEFERRED COMP PLAN 1978520 ACCRUED DIVIDENDS PAYABLE 1705 1125769042 X 79212407 7 7 79212400 0 79212400 58892758 7 7 58892751 0 58892751 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS FOR UNRELATED BUSINESS INCOME ACTIVITIES IT HAS DEEMED TAXABLE. TEH CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2022 AND 2021. THE CREDIT UNION'S TAX YEARS 2019 AND BEYOND ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: ROUNDING PART XII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING 1 TGIF TEACHER CLASSROOM GRANTS 84 39240 SCHOLARSHIPS COLLEGE STUDENTS 12 22000 NURSING STUDENT SCHOLARSHIPS 12 6000 PART I, LINE 2: -MOST TGIF TEACHER CLASSROOM GRANTS ARE PUBLICLY PRESENTED AND ARE AWARDED FOR A SPECIFIC PURPOSE. AWARENESS OF THE GRANT HELPS ENSURE IT IS USED FOR THE INTENDED PURPOSE, BUT THERE IS NO EXPLICIT POST-AWARD MONITORING. -COLLEGE SCHOLARSHIPS ARE DISBURSED DIRECTLY TO THE STUDENT, UPON PROOF OF ENROLLMENT. -AMOUNTS FOR NURSING SCHOLARSHIPS ARE DISTRIBUTED DIRECTLY TO THE NURSING SCHOOL FOR BENEFIT OF THE RECIPIENT. X X X X 0 1 0 FRANK SHOFFNER CEO 462368 0 421838 0 3008 0 142944 0 4092 0 1034250 0 294454 0 EILEEN PHELPS COO 228336 0 52327 0 3008 0 83294 0 1429 0 368394 0 0 0 GLENDA BURKETT CORP GIVING/COMMUNICATIONS/MARKETING 75800 0 234140 0 1338 0 23793 0 1571 0 336642 0 0 0 DAVID GERMANN CLO 215223 0 45988 0 3008 0 68623 0 3324 0 336166 0 0 0 LEE ANN GABBERT CAO 212605 0 48973 0 683 0 67005 0 4027 0 333293 0 0 0 PAUL MEISSNER CFO (RETIRED) 240595 0 64930 0 2564 0 20501 0 2552 0 331142 0 0 0 GOPI MENON CIO (TERMINATED) 222927 0 18760 0 3008 0 72130 0 2786 0 319611 0 0 0 PAM HILDEBRAND RE LOAN OFFICER 204491 0 2800 0 306 0 16559 0 5983 0 230139 0 0 0 SAM GROVE CFO 163321 0 29289 0 445 0 10563 0 2362 0 205980 0 0 0 HEATHER BAKER RE LOAN OFFICER 165830 0 3450 0 49 0 12054 0 4100 0 185483 0 0 0 JIM JACOBS SVP RISK, ACCOUNTING & FINANCE 137029 0 24010 0 1731 0 10980 0 950 0 174700 0 0 0 ERNEST WARREN VP REAL ESTATE LENDING 116986 0 40319 0 0 0 9495 0 6062 0 172862 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT TO PERFORM AN ANNUAL COMPENSATION SURVEY. THE EXECUTIVE COMMITTEE OF THE BOARD APPROVES CEO COMPENSATION ANNUALLY BASED ON THE COMPENSATION SURVEY BY THE CONSULTANT, WITHIN THE TERMS OF A WRITTEN CONTRACT AND BASED ON PRE-ESTABLISHED PERFORMANCE TARGETS. PART I, LINE 4B THE FOLLOWING OFFICERS PARTICIPATED IN A LONG-TERM INCENTIVE PLAN: FRANK SHOFFNER - $118,919 ACCRUAL; $294,454 PAYOUT. EILEEN PHELPS - $64,579 ACCRUAL; $0 PAYOUT. LEA ANN GABBERT - $59,667 ACCRUAL; $0 PAYOUT. DAVID GERMANN - $51,152 ACCRUAL; $0 PAYOUT. GOPI MENON - $59,063 ACCRUAL; $0 PAYOUT. IN ADDITION, GLENDA BURKETT RECEIVED A $225,000 PAYOUT FROM HER 457(F) DEFERRED COMPENSATION PLAN. WHEN THEY OCCUR, THE AMOUNTS OF LONG-TERM INCENTIVE PLAN AND DEFERRED COMPENSATION PAYOUTS FOR PARTICIPANTS ARE REPORTED AS TAXABLE INCOME ON THE EXECUTIVE'S FORM W-2. FORM 990, PART VI, SECTION A, LINE 6 AS A STATE CHARTERED CREDIT UNION, WE HAVE MEMBERS BECAUSE A CREDIT UNION IS A MEMBER BASED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP ELECTS ALL DIRECTORS TO THE BOARD OF DIRECTORS WITH STAGGERED 3 YEAR TERMS AS PART OF OUR ANNUAL ELECTION PROCESS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP HAS RIGHTS AS SPECIFIED IN BYLAWS AND APPLICABLE STATE LAWS, TO REVIEW AND APPROVE CERTAIN TYPES OF BOARD ACTIONS OR PROPOSALS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS DISTRIBUTED TO THE BOARD VIA AN ONLINE DIRECTORS DOCUMENT SYSTEM WHEN THE RETURN IS COMPLETED, AND IS SCHEDULED FOR FURTHER REVIEW AT THE DECEMBER 2023 BOARD MEETING. THE FORM 990 IS PREPARED BY OUR CFO AND IS REVIEWED AND SUBMITTED TO A CPA FIRM AT THE TIME OF THE RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS COMPLETE AND SIGN A DUE DILIGENCE QUESTIONNAIRE ANNUALLY, WHICH INCLUDES DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST. ALL EMPLOYEES, INCLUDING THE CEO AND OFFICERS, COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE, AS WELL AS DISCLOSURE OF ANY OFFERS OF GIFTS OR OTHER FINANCIAL INTEREST TO SEEK INAPPROPRIATE INFLUENCE. THERE IS A FOLLOW-UP REVIEW BY OUR INTERNAL AUDITOR TO ENSURE ALL EMPLOYEES SUBMIT A COMPLETED DISCLOSURE. FAMILY MEMBER ACCOUNTS ARE ALSO DOCUMENTED IN THIS PROCESS, AND ENTERED INTO THE CORE DATA SYSTEM TO PREVENT ACCESS TO RELATED ACCOUNTS. FORM 990, PART VI, SECTION B, LINE 15A AN EXTERNAL COMPENSATION CONSULTANT PROVIDES UPDATED COMPARATIVE COMPENSATION INFORMATION ANNUALLY. THIS DATA IS USED TO UPDATE MIDPOINT COMPENSATION FOR ALL JOB GRADES. THE CONSULTANT'S INFORMATION IS PROVIDED TO THE EXECUTIVE COMMITTEE OF THE BOARD, WHICH SETS CEO COMPENSATION IN FORMAL MEETINGS FOR WHICH MINUTES ARE KEPT. THE BOARD APPROVES CHANGES IN THE PERCENT CHANGES FOR MIDPOINT MIDPOINT COMPENSATION FOR ALL OTHER POSITIONS. THE CEO OPERATES WITHIN THE APPROVED GRADE AND MIDPOINT STRUCTURE AND BOARD-APPROVED BUDGET IN APPROVING COMPENSATION FOR OTHER OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND POLICIES, INCLUDING CONFLICT OF INTEREST POLICY, ARE AVAILABLE FOR INSPECTION AT OUR CORPORATE OFFICE. CERTAIN DOCUMENTS WITH PROPRIETARY INFORMATION OR CONTAINING PERSONAL INFORMATION OF MEMBERS ARE NOT MADE AVAILABLE. FINANCIAL STATEMENTS ARE POSTED IN OUR OFFICE LOBBIES, AND ANNUAL FINANCIAL STATEMENTS ARE DISTRIBUTED IN THE ANNUAL MEMBERSHIP MEETING PROCESS. IN ADDITION, THE NCUA WEBSITE POSTS DETAILED FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORT PROCESS.