2023-11-07T09:50:41-06:00 2022-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 660616454 990 2022-01-01 430496315 NEIGHBORS CREDIT UNION NEIG 3148925400 6300 S LINDBERGH BLVD ST LOUIS MO 631237804 JANICE BENNETT VICE PRESIDENT-FINANCE 3148925400 2023-11-07 1 JANICE BENNETT 999009999 0 GERALD TENBRINK P00638199 9138946214 2023-10-27 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JASON HEATH 6300 S LINDBERGH BLVD ST LOUIS MO 631237804 29965968 0 X WWW.NEIGHBORSCU.ORG X 1928 MO PROVIDING AWESOME MEMBER EXPERIENCES THROUGH INNOVATIVE PRODUCTS, SUPERIOR SERVICE AND TRUSTED ADVICE, WHILE STRENGTHENING OUR COMMUNITY WITH FINANCIAL EDUCATION. WE ARE DEDICATED TO THE SUCCESS OF OUR MEMBERS AND EMPLOYEES TO ENSURE WE ARE THE FINANCIAL INSTITUTION OF CHOICE. 9 9 196 13 115051 0 3000 0 26653498 28264663 1124594 1546432 91327 105106 27872419 29916201 7500 7500 0 0 11274873 11657622 0 0 0 13862327 16289136 25144700 27954258 2727719 1961943 492514911 513159491 429068851 455366618 63446060 57792873 X PROVIDING AWESOME MEMBER EXPERIENCES THROUGH INNOVATIVE PRODUCTS, SUPERIOR SERVICE AND TRUSTED ADVICE, WHILE STRENGTHENING OUR COMMUNITY WITH FINANCIAL EDUCATION. WE ARE DEDICATED TO THE SUCCESS OF OUR MEMBERS AND EMPLOYEES TO ENSURE WE ARE THE FINANCIAL INSTITUTION OF CHOICE. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 47,290 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2022, LOANS OUTSTANDING TOTALED $388,015,441, INCLUDING LOAN PARTICIPATIONS. PAID DIVIDENDS AND INTEREST ON MEMBER SHARES AND DEPOSITS TOTALING $1,576,441 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 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8389 0 1 196 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 0 1 0 0 X JANICE BENNETT 3148925400 6300 S LINDBERGH BLVD ST LOUIS MO 631237804 ANTHONY HARRIS CHAIRMAN 1.00 X 0 0 0 ALAN HAKER VICE CHAIRMAN 1.00 X 0 0 0 JAMES HOBBS SECRETARY/TREASURER 1.00 X 0 0 0 EUNICE BECKWITH DIRECTOR 1.00 X 0 0 0 KENNETH LEACH DIRECTOR / VICE CHAIRMAN 1.00 X 0 0 0 CHERYL ANTHONY DIRECTOR 1.00 X 0 0 0 ALFREDIA SMITH DIRECTOR 1.00 X 0 0 0 WILLIAM WARREN DIRECTOR 1.00 X 0 0 0 TRAVIST WIGGINS DIRECTOR 1.00 X 0 0 0 SHAWN WADE DIRECTOR 1.00 X 0 0 0 JASON HEATH PRESIDENT/CEO 50.00 X 454687 0 7028 JANICE BENNETT VICE PRESIDENT - FINANCE 50.00 X 171274 0 19682 ROSEANNE GRAMLING CHIEF OPERATIONS OFFICER 50.00 X 279722 0 16186 KENDRA MARTIN CHIEF MEMBER EXPERIENCE OFFICER 50.00 X 156920 0 17351 DAVID WILHELM CHIEF PEOPLE OFFICER 50.00 X 160493 0 16743 MICHAEL ECONOMON SENIOR VICE PRESIDENT-TECHNOLOGY 50.00 X 148406 0 5906 PAULA ANDERSON SENIOR VICE PRESIDENT-MARKETING 50.00 X 104527 0 9717 ERIC TOMISER VICE PRESIDENT-MORTGAGE 50.00 X 165857 0 14544 THOMAS FOX MORTGAGE LOAN OFFICER 50.00 X 151581 0 17247 CARRIE HAWKINS VICE PRESIDENT-BUSINESS INTELLIGENCE 50.00 X 124143 0 9221 LAURA PFEFFER VICE PRESIDENT-OPERATIONS 50.00 X 123222 0 16984 ARIK BURNS MORTGAGE LOAN OFFICER 50.00 X 116023 0 8983 2156855 0 159592 12 0 1 0 ALTMAN CHARTER COMPANY 315 CONSORT DRIVE ST LOUIS MO 63011 GENERAL CONTRACTOR-CONSTRUCTION 340182 MCMAHON BERGER PC 2730 NORTH BALLAS ROAD STE 200 ST LOUIS MO 63131 LEGAL SERVICES 138950 2 INTEREST ON LOANS 522100 15435159 15435159 FEES & OTHER INCOME 522100 12813454 12714453 99001 WARRANTY SALES 524298 16050 16050 28264663 1571348 1571348 105106 105106 24851 49767 -24916 -24916 -24916 29916201 29801150 115051 0 7500 1568642 8362742 243574 767194 715470 93985 234890 295125 344738 884736 2773442 2663619 999357 182605 563717 1388239 213936 PROVISION FOR LOAN LOSS 2152105 MEMBER DIVIDENDS & INTE 1576441 LOAN SERVICING 1346198 ASSOCIATION DUES 109918 466085 27954258 7923855 11214607 37718075 12974599 2836762 14021292 319848870 385454172 531019 661718 32225523 13842813 18830371 18382710 84027597 55161005 20798362 15289388 492514911 513159491 2577532 3088430 448853 610545 14500000 32488184 411542466 419179459 429068851 455366618 X 0 0 0 0 63446060 57792873 63446060 57792873 492514911 513159491 1961943 -7615130 0 X 0 1 X 1 0 0 1 X 6395110 6395110 14449756 4917814 9531942 292837 288028 4809 10311289 8149466 2161823 776531 487505 289026 18382710 FHLB STOCK 1879100 C CREDIT UNION SERVICE ORGANIZATIONS 447608 C AFS-FEDERAL AGENCY SECURITIES 3975179 F AFS-MORTGAGE-BACKED SECURITIES & CMOS 48859118 F 55161005 MEMBER SHARE DEPOSITS 419179459 419179459 X 29916201 0 29916201 0 29916201 27954258 0 27954258 0 27954258 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS FOR PRINCIPLE PAYMENTS, TAXES AND INSURANCE RELATED TO MEMBER MORTGAGE LOANS SOLD WITH SERVICING RETAINED. AS A SERVICE TO MEMBERS, THE BALANCE PROGRAM IS USED FOR CREDIT/DEBT COUNSELING. 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 ON DECEMBER 31, 2022 AND 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 $1,500 SCHOLARSHIPS WERE AWARDED 5 7500 PART I, LINE 2: THE NEIGHBORS CREDIT UNION SCHOLARSHIP CONTEST AWARDED FIVE $1,500 SCHOLARSHIPS IN HONOR OF FIVE PREVIOUS BOARD MEMBERS. ELIGIBLE STUDENTS HAD TO BE A MEMBER OF THE CREDIT UNION'S S.M.A.R.T. PROGRAM, BETWEEN THE AGES OF 17 AND 22 YEARS OF AGE, AND PARTICIPATE IN A POST-SECONDARY EDUCATION PROGRAM. FUNDS WERE PAID DIRECTLY TO THE POST-SECONDARY EDUCATION PROGRAM. X X 0 0 0 JASON HEATH PRESIDENT/CEO 393338 0 54000 0 7349 0 0 0 7028 0 461715 0 0 0 ROSEANNE GRAMLING CHIEF OPERATIONS OFFICER 245924 0 19228 0 14570 0 15575 0 611 0 295908 0 0 0 JANICE BENNETT VICE PRESIDENT - FINANCE 149836 0 12165 0 9273 0 9854 0 9828 0 190956 0 0 0 ERIC TOMISER VICE PRESIDENT-MORTGAGE 105200 0 60578 0 79 0 10031 0 4513 0 180401 0 0 0 DAVID WILHELM CHIEF PEOPLE OFFICER 146031 0 14400 0 62 0 3323 0 13420 0 177236 0 0 0 KENDRA MARTIN CHIEF MEMBER EXPERIENCE OFFICER 142630 0 14150 0 140 0 8812 0 8539 0 174271 0 0 0 THOMAS FOX MORTGAGE LOAN OFFICER 36452 0 115129 0 0 0 9368 0 7879 0 168828 0 0 0 MICHAEL ECONOMON SENIOR VICE PRESIDENT-TECHNOLOGY 127071 0 21000 0 335 0 0 0 5906 0 154312 0 0 0 PART I, LINE 3 ON AN ANNUAL BASIS, THE BOARD OF DIRECTORS REVIEWS THE PERFORMANCE OF THE PRESIDENT/CEO AND DETERMINES COMPENSATION BASED ON A SIGNED EMPLOYMENT CONTRACT. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. 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 VICE PRESIDENT-FINANCE REVIEWS THE FORM 990 RETURN BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, OFFICERS AND DIRECTORS 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 AND ARE REVIEWED BY INTERNAL AUDIT TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15A ON AN ANNUAL BASIS, THE BOARD OF DIRECTORS REVIEWS THE PERFORMANCE OF THE PRESIDENT/CEO AND DETERMINES COMPENSATION BASED ON A SIGNED EMPLOYMENT CONTRACT. ALL OTHER MANAGEMENT COMPENSATION IS DETERMINED BY THE PRESIDENT/CEO AND IS PRESENTED AS PART OF THE BUDGET PACKAGE TO THE BOARD OF DIRECTORS FOR APPROVAL. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW AT THE ANNUAL MEETING. IN ADDITION, THE NCUA WEBSITE POSTS FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS, POLICIES AND PROCEDURES ARE AVAILABLE UPON REQUEST.