2023-10-23T11:25:05-05:00 2022-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 660616454 990 2022-01-01 480625190 AZURA CREDIT UNION AZUR 7852335556 610 SW 10TH AVENUE TOPEKA KS 666121673 GREG WINKLER PRESIDENT/CEO 7852335556 2023-10-23 1 GREG WINKLER 999009999 0 GERALD TENBRINK P00638199 9138946214 2023-10-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GREG WINKLER 610 SW 10TH AVENUE TOPEKA KS 666121673 50092624 0 X WWW.AZURACU.COM X 1974 KS AZURA IS ENHANCING LIVES BY DELIVERING INNOVATIVE FINANCIAL SERVICE, EDUCATION, AND VALUE. 9 9 231 14 145722 0 0 0 32723153 36099519 1185704 2122896 49156 54631 33958013 38277046 139370 150310 0 0 10328970 11971535 0 0 0 13793453 18226111 24261793 30347956 9696220 7929090 682703343 740352514 609696819 661869595 73006524 78482919 AZURA IS ENHANCING LIVES BY DELIVERING INNOVATIVE FINANCIAL SERVICE, EDUCATION, AND VALUE THROUGH PERSONAL AND COMMUNITY ENGAGEMENT. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 60,589 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2022, THERE WERE 36,699 LOANS OUTSTANDING TOTALING $554,229,555. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $4,019,121 FOR THE YEAR. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 18460 0 1 231 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 0 1 1 1 1 1 1 1 1 1 X DAVID LINDERMAN 7852335556 610 SW 10TH AVENUE TOPEKA KS 666121673 BRAD DEITER CHAIRMAN 2.00 X 0 0 0 JIM FROWNFELTER VICE CHAIRMAN 2.00 X 0 0 0 SHIRLEY MARTIN TREASURER 2.00 X 0 0 0 MARCIA DECHAND SECRETARY 2.00 X 0 0 0 ROBERT BALSTERS DIRECTOR 2.00 X 0 0 0 TINA FREESE DIRECTOR 2.00 X 0 0 0 STEPHEN MCINTOSH DIRECTOR 2.00 X 0 0 0 RANDY PACHOSA DIRECTOR 2.00 X 0 0 0 BRYAN VARGAS DIRECTOR 2.00 X 0 0 0 GREG WINKLER PRESIDENT/CEO 40.00 X 328204 0 52057 LISA BROWN SVP-ADMINISTRATION/CAO 40.00 X 183643 0 28458 BRENTT MOON SVP-OPERATIONS & SYSTEMS/CIO 40.00 X 179431 0 38060 SHERYL DICK SVP-RETAIL SERVICES/CRO 40.00 X 167732 0 34886 DAVID LINDERMAN SVP-FINANCE & ACCOUNTING 40.00 X 131277 0 19619 JENNIFER KEIM SVP-COMPLIANCE 40.00 X 120540 0 21385 HANNAH ANDERSON SVP-LENDING 40.00 X 120447 0 16377 MARY MUNGER VP-MEMBER EXPERIENCE 40.00 X 126029 0 24663 KURTIS SCOTT VP-DIGITAL SERVICES 40.00 X 115011 0 27607 ALLYSON SHOVE-CHARD VP-MARKETING 40.00 X 117585 0 16156 COURTNEY STILLINGS VP-RISK MANAGEMENT 40.00 X 107383 0 16062 EVAN BOUNOUS VP-INFORMATION SECURITY & TECHNOLOGY 40.00 X 129216 0 28390 1826498 0 323720 12 0 1 0 NCR CORPORATION 864 SPRING ST NW ATLANTA GA 30308 ATM/ITM/INTERNET BANKING PROVIDEER 1826828 DBSI 6950 WEST MORELOS PL SUITE 1 CHANDLER AZ 85226 BUILDING CONTRACTOR 791496 VISA ONE MARKET PLACE SAN FRANCISCO CA 94105 DEBIT/CREDIT CARD PROVIDER 731921 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 CORE SOFTWARE PROVIDER 586219 TPSI 5544 104TH EAST AVE TULSA OK 74146 STATEMENT PROVIDER 443225 13 INTEREST ON LOANS 522100 24666194 24666194 FEES & OTHER INCOME 522100 11375833 11287603 88230 WARRANTY SALES & OTHER INSURANCE 524298 57492 57492 36099519 2246765 2246765 54631 54631 11691709 11815578 -123869 -123869 -123869 38277046 38131324 145722 0 130617 19693 1442116 8431585 473148 914486 710200 23005 186654 6780 471216 1111358 3979622 2224475 857835 25808 238785 335283 868160 137290 MEMBER DIVIDENDS 4019121 PROVISION FOR LOAN LOSS 2237672 LOAN SERVICING 1347743 ASSOCIATION DUES 82308 72996 30347956 4067894 9832287 52530586 20934743 1456906 1503604 4067776 5807934 454466954 550785959 839286 762007 21682124 7126871 11189153 14555253 138110519 120498961 15974269 15671766 682703343 740352514 5999359 8308712 24629083 603697460 628931800 609696819 661869595 X 0 0 0 0 73006524 78482919 73006524 78482919 682703343 740352514 X 7929090 -2453611 916 X 0 1 X 1 0 0 0 4629921 4629921 10631234 3652152 6979082 4912510 3474719 1437791 1508459 1508459 14555253 HTM-FED AGENCY SEC 21500000 C AFS-MORTGAGE BACKED/CMO 55653000 F HTM-MORTGAGE BACKED/CMO 41804493 C FHLB CLASS A STOCK 675000 C MEMBERS MORT SVCS, LLC 192963 C CROCO CUSO, LLC 1005 C FHLB CLASS B STOCK 672500 C 120498961 MEMBER SHARE DEPOSITS 628931800 628931800 X 38277046 0 38277046 0 38277046 30347956 0 30347956 0 30347956 PART IV, LINE 2B: SEVERAL CREDIT UNION EMPLOYEES HAVE PASSED THE CUNA FINANCIAL COUNSELING CERTIFICATION AND MEET WITH MEMBERS AS NEEDED. PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501 OF THE INTERNAL REVENUE CODE (IRC) OF 1954; HOWEVER, THE CREDIT UNION'S UNRELATED BUSINESS INCOME AND SUBSIDIARIES ARE SUBJECT TO FEDERAL INCOME TAXES. THERE WERE NO SIGNIFICANT INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2022 AND DECEMBER 31, 2021. ACCOUNTING PRINCIPLES PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CREDIT UNION HAD NO UNRECOGNIZED TAX POSITIONS AT DECEMBER 31, 2022 AND DECEMBER 31, 2021. IT IS THE CREDIT UNION'S POLICY TO RECORD ANY PENALTIES OR INTEREST ARISING FROM FEDERAL OR STATE TAXES AS A COMPONENT OF NONINTEREST EXPENSE. 1 GREATER TOPEKA PARTNERSHIP FOUNDATION 719 S KANSAS AVE SUITE 100 TOPEKA KS 66603 800077427 501(C)3 20000 0 BETTERMENT OF THE TOPEKA AREA BOYS & GIRLS CLUBS OF TOPEKA 550 SE 27TH STREET TOPEKA KS 66605 480636732 501(C)3 10903 0 YOUTH PROGRAMS HARVESTERS-THE COMMUNITY FOOD NETWORK 215 SE QUINCY TOPEKA KS 66603 431208665 501(C)3 10886 0 FOOD PANTRY MILITARY VETERAN PROJECT INC PO BOX 3926 TOPEKA KS 66604 480877378 501(C)3 20442 0 PREVENTION OF MILITARY SUICIDE THROUGH TREATMENT AND RESEARCH SUPPORTING KIDS FOUNDATION PO BOX 15171 LENEXA KS 66285 272386653 501(C)3 9129 0 FINANCIAL SUPPORT FOR FAMILIES BATTLING CHILDHOOD CANCER TARC INC 2701 SW RANDOLPH AVE TOPEKA KS 66611 486086732 501(C)3 22655 0 SERVICES AND SUPPORT FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TOPEKA RESCUE MISSION PO BOX 8350 TOPEKA KS 66608 480688068 501(C)3 15275 0 HOMELESS SHELTER AND ASSISTANCE ST JUDE CHILDREN'S RESEARCH HOSPITAL INC 501 ST JUDE PLACE MEMPHIS TN 38175 620646012 501(C)3 10000 0 TOPEKA ST JUDE DREAM HOME SPONSOR FOR LOCAL FAMILIES FOCUSING ON CHILDREN WITH CANCER STORMONT-VAIL HEALTHCARE INC 1500 SW 10TH AVENUE TOPEKA KS 66604 450543789 501(C)3 6055 0 IMPROVE HEALTH-CARE OF OUR COMMUNITY SHAWNEE HEIGHTS PUBLIC SCHOOLS 4401 SW SHAWNEE HEIGHTS RD TECUMSEH KS 66542 480723971 5272 0 COMMUNITY STUDENT AND TEACHER EDUCATIONAL SUPPORT 9 SCHOLARSHIPS 2 2000 TEACHER MINI GRANTS 75 17693 PART I, LINE 2: THE CREDIT UNION AWARDS TWO SCHOLARSHIPS TO STUDENTS WHO WILL BE ATTENDING AN ACCREDITED HIGHER EDUCATION INSTITUTE WITHIN THE STATE OF KANSAS, OR WITHIN 80 MILES OF AN AZURA CREDIT UNION. APPLICATIONS ARE REVIEWED BY A SELECTION COMMITTEE AND WINNERS ARE AWARDED $1,000 WITH PROCEEDS PAID DIRECTLY TO THE COLLEGE/UNIVERSITY OR TECHNICAL SCHOOL. IN ADDITION, TEACHERS MAY APPLY FOR MINI-GRANTS OF UP TO $300 TO HELP COVER THE COST OF VARIOUS CLASSROOM PROJECTS. APPLICATIONS ARE REVIEWED BY AZURA'S BUSINESS DEVELOPMENT STAFF AND FUNDS ARE PAID TO THE VENDOR SUPPLIER OR TO THE SCHOOL. X X X X X 0 1 0 GREG WINKLER PRESIDENT/CEO 320412 0 7540 0 252 0 30500 0 21557 0 380261 0 0 0 BRENTT MOON SVP-OPERATIONS & SYSTEMS/CIO 173567 0 5612 0 252 0 18431 0 19629 0 217491 0 0 0 LISA BROWN SVP-ADMINISTRATION/CAO 177915 0 5476 0 252 0 17574 0 10884 0 212101 0 0 0 SHERYL DICK SVP-RETAIL SERVICES/CRO 165084 0 2396 0 252 0 14155 0 20731 0 202618 0 0 0 EVAN BOUNOUS VP-INFORMATION SECURITY & TECHNOLOGY 103958 0 25055 0 203 0 11777 0 16613 0 157606 0 0 0 DAVID LINDERMAN SVP-FINANCE & ACCOUNTING 126369 0 4656 0 252 0 10219 0 9400 0 150896 0 0 0 MARY MUNGER VP-MEMBER EXPERIENCE 120996 0 4781 0 252 0 12514 0 12149 0 150692 0 0 0 PART I, LINE 3 THE PRESIDENT/CEO'S COMPENSATION IS SET BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, APPROVED BY THE FULL BOARD AND IS PURSUANT TO A WRITTEN EMPLOYMENT CONTRACT. MANY EXTERNAL SOURCES FOR COMPARISON ARE REVIEWED, INCLUDING BUT NOT LIMITED TO COMPEASE SALARY SURVEYS, OTHER CREDIT UNION 990S, PEER SALARY DATA WHERE AVAILABLE, AND PREVIOUS YEAR'S COMPENSATION DATA. PART I, LINE 4B THE CREDIT UNION HAS COLLATERAL ASSIGNMENT SPLIT DOLLAR LIFE INSURANCE ARRANGEMENTS WITH THE FOLLOWING OFFICERS: - GREG WINKLER, PRESIDENT/CEO - LISA BROWN, SVP-ADMINISTRATION/CAO - BRENTT MOON, SVP-OPERATIONS & INFORMATION SYSTEMS/CIO - SHERYL DICK, SVP-RETAIL SERVICES/CRO SEE SCHEDULE L FOR FURTHER DETAILS, INCLUDING THE RELATED LOANS OUTSTANDING AT DECEMBER 31, 2022. GREG WINKLER PRESIDENT/CEO PURCHASE OF CASH VALUE LIFE INSURANCE - NONRECOURSE SPLIT DOLLAR LOAN X 2600000 2569976 0 1 1 LISA BROWN SVP-ADMINISTRATION/CAO PURCHASE OF CASH VALUE LIFE INSURANCE - NONRECOURSE SPLIT DOLLAR LOAN X 800000 783288 0 1 1 BRENTT MOON SVP-OPERATIONS & INFORMATION SYSTEMS/CIO PURCHASE OF CASH VALUE LIFE INSURANCE - NONRECOURSE SPLIT DOLLAR LOAN X 650000 654670 0 1 1 SHERYL DICK SVP-RETAIL SERVICES/CRO PURCHASE OF CASH VALUE LIFE INSURANCE - NONRECOURSE SPLIT DOLLAR LOAN X 1800000 1800000 0 1 1 5807934 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT THE IRS REFERS TO AS "COLLATERAL ASSIGNMENT SPLIT DOLLAR" (CASD). WHILE THE IRS REQUIRES REPORTING IN PART II, ABOVE, FOR LOANS TO INTERESTED PERSONS, CASD IS IS NOT AN ACTUAL LOAN. THERE IS NEITHER A TRANSFER OF FUNDS TO THE EXECUTIVE NOR AN OBLIGATION FOR THE EXECUTIVE TO PAY THOSE FUNDS BACK. INSTEAD, THE CREDIT UNION RECOVERS ITS OUTLAYS PLUS INTEREST FROM THE UNDERLYING INSURANCE POLICY.IN CASD, THE CREDIT UNION DEPOSITS DOLLARS DIRECTLY INTO A LIFE INSURANCE POLICY OWNED BY THE EXECUTIVE AND HOLDS A LIEN ON THE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES AND SUBJECT TO VESTING REQUIREMENTS, THE EXECUTIVE MAY BORROW FROM THE CASH VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME (PROVIDED THERE ARE SUFFICIENT POLICY VALUES). BORROWING IS CAREFULLY MONITORED AND LIMITED TO ASSURE THE POLICY WILL REMAIN IN EFFECT UNTIL THE EXECUTIVE'S DEATH AND WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO REPAY THE CREDIT UNION'S OUTLAYS PLUS INTEREST. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE SVP FINANCE AND CONTROLLER PROVIDE DATA TO THE OUTSIDE ACCOUNTING FIRM PREPARING THE TAX RETURNS. THE COMPLETED FORMS ARE REVIEWED AND APPROVED FOR FILING BY THE CEO AND SVP-FINANCE AND ARE THEN PROVIDED TO THE BOARD FOR THEIR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY, DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS, AND SUBMIT A SIGNED STATEMENT TO THAT EFFECT. THESE STATEMENTS ARE MAINTAINED ON FILE AT THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT/CEO'S COMPENSATION IS SET BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, APPROVED BY THE FULL BOARD AND IS PURSUANT TO A WRITTEN EMPLOYMENT CONTRACT. MANY EXTERNAL SOURCES FOR COMPARISON ARE REVIEWED, INCLUDING BUT NOT LIMITED TO COMPEASE SALARY SURVEYS, OTHER CREDIT UNION 990S, PEER SALARY DATA WHERE AVAILABLE, AND PREVIOUS YEAR'S COMPENSATION DATA. FOR OTHER EXECUTIVE POSITIONS, COMPEASE ALLOWS FOR SALARY RANGES, ALONG WITH ASSET SIZES AND REGIONALIZED AREAS. OTHER EMPLOYEE COMPENSATION IS BASED ON COMPEASE PEER DATA AS WELL. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PRESENTED AT THE ANNUAL MEETING, POSTED QUARTERLY ON THE CREDIT UNION'S WEBSITE, AND ARE AVAILABLE UPON REQUEST. IN ADDITION, THE NCUA WEBSITE POSTS FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS, POLICIES AND PROCEDURES ARE AVAILABLE UPON WRITTEN REQUEST OF THE SUPERVISORY COMMITTEE. FORM 990, PART XI, LINE 9: OTHER TRANSFERS 916. CROCO CUSO LLC 610 SW 10TH AVENUE TOPEKA KS 66612 920192646 CREDIT UNION SERVICE ORGANIZATION (DORMANT) KS 0 1005