2023-10-30T09:56:35-05:00 2022-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 660616454 990 2022-01-01 440623480 RIVER REGION CREDIT UNION RIVE 5736354185 3124 WEST EDGEWOOD DRIVE JEFFERSON CITY MO 651096865 RICHARD NICHOLS PRESIDENT/CEO 5736354185 2023-10-30 1 RICHARD NICHOLS 999009999 0 GERALD TENBRINK P00638199 9138946214 2023-10-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICHARD NICHOLS 3124 WEST EDGEWOOD DRIVE JEFFERSON CITY MO 651096865 21397090 0 X WWW.RRCU.ORG X 1954 MO TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION. 11 11 106 16 76973 0 0 0 18276620 20567893 565890 789600 32670 39597 18875180 21397090 22000 26000 0 0 5986225 6981538 0 0 0 7024816 8499819 13033041 15507357 5842139 5889733 392060751 454310727 357765579 415181220 34295172 39129507 TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 28,780 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2022, THERE WERE 23,366 LOANS OUTSTANDING TOTALING $363,546,058. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $2,159,690 FOR THE YEAR. 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 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 8784 0 1 106 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 0 1 1 1 1 1 X GALEN WILHOIT 5736354185 3124 WEST EDGEWOOD DRIVE JEFFERSON CITY MO 651096865 KEVIN ROBINSON CHAIRMAN 1.00 X 0 0 0 ALLEN FLOYD VICE CHAIRMAN 1.00 X 0 0 0 JERRY FERGUSON SECRETARY 1.00 X 0 0 0 DAVE WILLIAMS TREASURER 1.00 X 0 0 0 CHRIS LEUCKEL BOARD MEMBER 1.00 X 0 0 0 WILLIAM BORENGASSER BOARD MEMBER 1.00 X 0 0 0 RICHARD COFFEY BOARD MEMBER 1.00 X 0 0 0 DIANNA SILVESTER BOARD MEMBER 1.00 X 0 0 0 JIM BUSCH BOARD MEMBER 1.00 X 0 0 0 MARTHA NEWMAN BOARD MEMBER 1.00 X 0 0 0 SCOTT THIERET BOARD MEMBER 1.00 X 0 0 0 RICHARD NICHOLS PRESIDENT/CEO 40.00 X 527963 0 202452 GALEN WILHOIT EVP/CHIEF FINANCIAL OFFICER 40.00 X 230562 0 31380 LOUIE DELK CHIEF MEMBER EXPERIENCE OFFICER 40.00 X 191371 0 41607 ANGE DAIPRAI VICE PRESIDENT-OPERATIONS 40.00 X 99247 0 22301 DANA ALDERMAN VICE PRESIDENT-BUSINESS DEVELOPMENT 40.00 X 83748 0 17578 DONNA TOEBBEN VICE PRESIDENT-HUMAN RESOURCES 40.00 X 91146 0 29219 DAVE MILLER VICE PRESIDENT-RESIDENTIAL LENDING 40.00 X 102758 0 15568 RANDY BURHANS VICE PRESIDENT-INFORMATION TECHNOLOGY (TERM) 40.00 X 42113 0 15855 LISA WOLKEN VICE PRESIDENT-REAL ESTATE LOAN ORIGINATION 40.00 X 117445 0 17130 JD MOORE VICE PRESIDENT-INFORMATION TECHNOLOGY 40.00 X 71022 0 10105 CRAIG DUNN VICE PRESIDENT-REAL ESTATE LENDING 40.00 X 28040 0 306 WILL LEMEN DEALER SERVICES MANAGER 40.00 X 143458 0 27544 1728873 0 431045 6 0 1 0 0 INTEREST ON LOANS 522100 15248807 15248807 FEES & OTHER INCOME 522100 5274411 5242113 32298 WARRANTY & OTHER INSURANCE 524298 44675 44675 20567893 789600 789600 39597 39597 21397090 21320117 76973 0 26000 1988916 3800729 268284 548438 375171 216451 64019 4300 577954 1024380 1032972 604052 371695 119307 100599 765682 92251 MEMBER DIVIDENDS 2159690 LOAN SERVICING 702233 PROVISION FOR LOAN LOSS 186746 ASSOCIATION DUES 76903 400585 15507357 5224102 5894712 29406133 22394019 3952199 4054931 298986216 361431480 460145 605651 21266918 3991693 15947235 17275225 29189057 32782231 8895664 9872478 392060751 454310727 3645970 4193015 141110 175284 1800000 4575000 352178499 406237921 357765579 415181220 X 0 0 0 0 34295172 39129507 34295172 39129507 392060751 454310727 X 5889733 -1066771 11373 X 0 0 0 0 1 X 3711777 3711777 13778924 1888340 11890584 3776217 2103353 1672864 17275225 FHLB MEMBERSHIP STOCK 2970200 C CREDIT UNION SERVICE ORGANIZATIONS 1784855 C AFS-FEDERAL AGENCY SEC 7972316 F AFS-CORPORATE BONDS 1080238 F HTM-CERTIFICATES 18974622 C 32782231 SHARES & DEPOSITS 406237921 406237921 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS FOR INSURANCE AND PROPERTY TAXES RELATED TO MEMBER REAL ESTATE LOANS. 1 $2,000 SCHOLARSHIPS WERE AWARDED TO 13 STUDENTS 13 26000 PART I, LINE 2: THE RIVER REGION EDUCATION SCHOLARSHIP PROGRAM AWARDS $2,000 SCHOLARSHIPS TO COLLEGE BOUND STUDENTS. TO BE ELIGIBLE, AN APPLICANT (OR PARENT) MUST BE A MEMBER OF RIVER REGION CREDIT UNION. THE BOARD-APPOINTED EDUCATION COMMITTEE REVIEWS APPLICATIONS AND SELECTS WINNERS. FUNDS ARE PAID DIRECTLY TO THE WINNERS UPON PROOF OF ENROLLMENT. X X X 0 1 0 RICHARD NICHOLS PRESIDENT/CEO 382867 0 142171 0 2925 0 188572 0 13880 0 730415 0 0 0 GALEN WILHOIT EVP/CHIEF FINANCIAL OFFICER 192106 0 38456 0 0 0 23306 0 8074 0 261942 0 0 0 LOUIE DELK CHIEF MEMBER EXPERIENCE OFFICER 156906 0 34465 0 0 0 20904 0 20703 0 232978 0 0 0 WILL LEMEN DEALER SERVICES MANAGER 142140 0 1318 0 0 0 15231 0 12313 0 171002 0 0 0 PART I, LINE 3 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT/CEO'S PERFORMANCE AND DETERMINES COMPENSATION USING VARIOUS INFORMATION, INCLUDING SALARY SURVEYS. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. PART I, LINE 4B RICHARD NICHOLS, PRESIDENT/CEO IS A PARTICIPANT IN A 457(F) DEFERRED COMPENSATION PLAN. IN 2022, THE CREDIT UNION RECORDED $160,572 EXPENSE RELATED TO THIS PLAN AN NO AMOUNTS WERE PAID OUT. IN ADDITION, THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH COLLATERAL ASSIGNMENT SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENTS FOR THE FOLLOWING OFFICERS: - RICHARD NICHOLS, PRESIDENT/CEO - GALEN WILHOIT, CHIEF FINANCIAL OFFICER - LOUIE DELK, CHIEF MEMBER EXPERIENCE OFFICER SEE SCHEDULE L FOR THE RELATED LOANS OUTSTANDING AT DECEMBER 31, 2022. RICHARD NICHOLS PRESIDENT/CEO NONRECOURSE SPLIT-DOLLAR PLAN X 1447850 1829212 0 1 1 GALEN WILHOIT EVP/CHIEF FINANCIAL OFFICER NONRECOURSE SPLIT-DOLLAR PLAN X 1159174 1369026 0 1 1 LOUIE DELK CHIEF MEMBER EXPERIENCE OFFICER NONRECOURSE SPLIT-DOLLAR PLAN X 760000 856693 0 1 1 4054931 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 PRESIDENT/CEO REVIEWS THE FORM 990 WITH CREDIT UNION MANAGEMENT AND THE ACCOUNTING FIRM PREPARING THE RETURN BEFORE PRESENTING IT TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, ALL 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 COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT/CEO'S PERFORMANCE AND DETERMINES COMPENSATION USING VARIOUS INFORMATION, INCLUDING SALARY SURVEYS. ALL OTHER MANAGEMENT COMPENSATION IS DETERMINED BY THE PRESIDENT/CEO, ALSO USING SALARY SURVEYS, AND IS PRESENTED AS PART OF THE BUDGET PACKAGE TO THE BOARD OF DIRECTORS FOR APPROVAL. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PRESENTED AT THE ANNUAL MEETING 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 REQUEST. FORM 990, PART XI, LINE 9: ADJUSTMENT FOR CREDIT RECEIVED 11,373. H5 STRATEGIES LLC 627 W MCCARTY ST STE 303 JEFFERSON CITY MO 65101 843959308 CREDIT UNION SERVICE ORGANIZATION PROVIDING MARKETING SERVICES MO UNRELATED 22541 436549 0 0 0.75000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 H5 STRATEGIES LLC R 485906 ACTUAL PAYMENT FOR SERVICES