2023-05-09T16:43:47-07:00 2022-12-31 990 2022-01-01 430704245 Century Credit Union CENT 3145441818 1540 Lemay Ferry Rd Saint Louis MO 63125 Robert Eike President 3145441818 2023-05-09 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z Century Credit Union 1540 Lemay Ferry St Louis MO 63125 5465248 0 X centurycu.org X Credit Union 1954 MO To encourage our members to save and provide loans at reasonable rates, while offering competitive services. 7 6 35 8 32301 32301 0 0 3040733 3214681 511518 837684 1487847 1412883 5040098 5465248 0 0 395635 562120 1438469 1522334 0 0 0 1792009 1782936 3626113 3867390 1413985 1597858 144271305 147352731 121257001 122798901 23014304 24553830 To encourage our memebers to save; and provide loans at reasonable rates, while offering competitive services. 0 0 AS A FINANCIAL COOPERATIVE WE ARE ABLE TO RETURN PROFITS TO OUR MEMBERS IN THE FORM OF LOWER LOAN RATES WHICH SAVES OUR MEMBERS FROM PAYING HIGH INTEREST COSTS. AS A FINANCIAL COOPERATIVE WE ARE ABLE TO RETURN PROFITS TO OUR MEMBERS IN THE FORM OF HIGHER SAVINGS AND CERTIFICATE RATES WHICH ALLOWS THEM TO EARN MORE INTEREST ON THEIR DEPOSITS. AS A FINANCIAL COOPERATIVE WE ARE ABLE TO RETURN PROFITS TO OUR MEMBERS IN THE FORM OF LOWER FEES ON SERVICES WHICH ALLOWS THEM TO SAVE MORE MONEY THAT THEY CAN THEN DEPOSIT INTO THEIR SAVINGS 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 35 1 1 1 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 1 1 1 0 1 1 0 1 0 1 1 1 1 1 0 MO X X JOSH WALLACE 3145441818 1540 Lemay ferry Rd SAINT LOUIS MO 63125 ROBERT EIKE PRESIDENT 40 0 X 271742 0 0 Mark Falkner Chairman of the Board 0 0 X 0 0 0 WILLIAM SIP VICE-CHAIRMAN 0 0 X 0 0 0 TERRY BANISTER SECRETARY 0 0 X 0 0 0 SUE PAULY BOARD MEMBER 0 0 X 0 0 0 LEO CHIRCO BOARD MEMBER 0 0 X 0 0 0 Tim McBride Board Member 0 0 X 0 0 0 271742 0 0 1 0 1 0 0 0 INCOME FROM MEMBERS LOANS 522130 3214681 0 0 3214681 0 0 0 0 3214681 837684 0 0 837684 0 0 0 0 0 0 0 0 0 0 0 0 FEE INCOME 522130 502956 0 32301 470655 MISC OPERATING INCOME 522130 909927 0 0 909927 0 0 0 0 1412883 5465248 0 32301 5432947 X 562120 271742 0 892521 76805 185412 95854 0 0 0 0 0 0 712081 183436 258691 0 0 141677 14716 0 0 0 509182 21307 36280 PROVISION FOR LOAN LOSS -95239 805 3867390 0 0 0 1121730 1100531 0 0 0 0 238417 249158 0 0 0 0 70958508 76990768 0 0 408334 411275 2345206 827354 1569410 1517852 0 0 0 0 62883988 59949236 7090918 7133911 144271305 147352731 641893 584672 0 0 0 0 0 0 0 0 0 0 0 0 0 0 120615108 122214229 121257001 122798901 X 0 0 0 0 23014304 24553830 23014304 24553830 144271305 147352731 1597858 0 0 0 -58332 0 X 0 1 X 1 0 425000 0 425000 1363456 0 319103 1044353 181289 0 181289 0 375461 0 326962 48499 0 0 0 0 1517852 CERTIFICATES IN BANKS AND CREDIT UNIONS 42825000 F MILLENIUM CORPORATE CREDIT UNION 17124236 F 59949236 TOTAL MEMBERS SHARES 122214229 122214229 X X 0 1 0 ROBERT EIKE PRESIDENT 134844 0 25000 0 0 0 168882 0 0 0 328726 0 0 0 Schedule J, Part I, Line 4 THE PRESIDENT RECEIVED A 457B DISTRIBUTION IN JANUARY 2022 Form 990, Part VI, Section A, Line 6 Customers of the credit union are referred to as members. As a financial cooperative the members own the credit union. Form 990, Part VI, Section A, Line 7a Annually there is an election for our Board of Directors Form 990, Part VI, Section A, Line 7b At the annual meeting there are certain issues in our bylaws that require a vote of our members Form 990, Part VI, Section B, Line 11b The 990 report is prepared by the president and reviewed by the vice president. The Board of Directors do not usually review these reports Form 990, Part VI, Section B, Line 12c The credit union routinely monitors any and all activity that would be considered a conflict of interest among employees, directors and management Form 990, Part VI, Section B, Line 15 All employees are reviewed annually for performance and scored for salary adjustments. A matrix is established based on industry averages and the COLA rate at that time Form 990, Part VI, Section C, Line 18 By notification on the lobby bulletin board we are able to let members know that financial statements are available upon request. We also disclose financial statements at our annual meeting and they are available on the NCUA website for public viewing. Form 990, Part VI, Section C, Line 19 By notification on the lobby bulletin board we are able to let members know that financial statements are available upon request. We also disclose financials at our annual meetingand also on the nCUA website for public viewing. Form 990, Part IX, Line 11g Other consists of $33,162 for association dues, $609,277 for loan servicing expense, and $69,642 of misc expense such as fraud and other losses