2023-11-15T09:42:43-06:00 2022-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2022-01-01 440544335 MAZUMA CREDIT UNION MAZU 8163614194 7260 W 135TH STREET OVERLAND PARK KS 66223 JUSTIN MOUZOUKOS CFO 9135745221 2023-11-14 1 JUSTIN MOUZOUKOS 999009999 0 JOHN J MURNANE JR P03021572 3052328272 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRANDON MICHAELS 7260 W 135TH STREET OVERLAND PARK KS 66223 55384302 0 1984 X WWW.MAZUMA.ORG X 1949 MO A NON-FOR-PROFIT CREDIT UNION SERVING THE COMMUNITIES OF CASS, JACKSON AND CLAY COUNTIES IN MISSOURI AND JOHNSON AND WYANDOTTE COUNTIES IN KANSAS. 9 9 331 15 468927 0 0 0 48189744 52561577 2003562 2822725 0 0 50193306 55384302 25000 168000 0 0 17478987 20304957 0 0 0 18824416 28786082 36328403 49259039 13864903 6125263 896877355 928906481 800846021 833376093 96031334 95530388 MAKING KANSAS CITY A BETTER PLACE TO LIVE, WORK AND BANK BY PROVIDING LENDING, SAVINGS AND FINANCIAL SERVICES TO OUR MEMBERSHIP. 0 0 PROVIDING DEPOSIT SERVICES FOR 72,250 MEMBERS PROVIDING LOAN SERVICES FOR 36,120 MEMBERS PROVIDE CHECKING ACCOUNT AND TRANSACTION SERVICES AND ACCOUNT SERVICES FOR 39,771 MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 11324 0 1 331 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JUSTIN MOUZOUKOS 9135745221 7260 W 135 STREET OVERLAND PARK KS 66223 JEFF WESTMEYER BOD MEMBER 1.00 X 0 0 0 BOB DURBIN BOD MEMBER 1.00 X 0 0 0 CARLA JOHNSON BOD/SECRETARY 1.00 X 0 0 0 IKE NWABUONWU V. CHAIRPERSON 1.00 X 0 0 0 RUSS PETRY CHAIRPERSON 1.00 X 0 0 0 JOHN LATHROP BOD/TREASURER 1.00 X 0 0 0 MATTHEW CATES BOD MEMBER 1.00 X 0 0 0 TINA FRYMER BOD MEMBER 1.00 X 0 0 0 TOM RECK BOD MEMBER 1.00 X 0 0 0 CLIFTON CARNEY BOD MEMBER 1.00 X 0 0 0 SHARON CLEAVER BOD MEMBER 1.00 X 0 0 0 DEONNE CHRISTENSEN CEO 45.00 X 421974 0 36157 JUSTIN MOUZOUKOS CFO 45.00 X 275663 0 28964 DANIEL ENGELHARD CLO 45.00 X 272923 0 36855 BRAD REIN CIO 45.00 X 254326 0 35041 MICHELLE WOOD CHIEF CULTURE & DIVERSITY AND INCLUSION OFFICER 45.00 X 246566 0 38214 JOHN BROWN VP TECHNOLOGY 40.00 X 185398 0 26784 SEREPTHA J HELM CHIEF MEMBER OFFICER 45.00 X 230338 0 37339 LAUREN CLEMENT VP MORTGAGE OPERATIONS 40.00 X 157818 0 32774 SEAN VOTH VP CONSUMER LENDING 40.00 X 156578 0 21372 MICHAEL SCHRECK VP RISK MANAGEMENT 40.00 X 144640 0 34266 BILL SHERMAN WEALTH MANAGEMENT OFFICER 40.00 X 191453 0 26455 CATHY SOLOMON VP BRANCH OPERATIONS 40.00 X 135679 0 17343 MARK THOMPSON VP GROWTH 40.00 X 173796 0 33080 TIMOTHY J SCHEER VP RETAIL OPERATIONS 40.00 X 144159 0 32634 2991311 0 437278 20 0 1 0 L KEELEY CONSTRUCTION 500 S EWING AVE SAINT LOUIS MO 63103 CONSTRUCTION 2140558 MAPLE STREET INC 280 WEKIVA SPRINGS RD 3000 LONGWOOD FL 32779 CONTRACT NEGOTIATION 1114248 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CORE SYSTEM 896256 DIAMOND MERCKENS HOGAN INC 1505 GENESSEE SUITE 300 KANSAS CITY MO 64102 MARKETING 712068 TRUHOME SOLUTIONS 9601 LEGLER RD LENEXA KS 66219 MORTGAGE SUPPORT 463033 28 INCOME ON LOANS 522100 34669243 34669243 SERVICE FEES/OTHER 522100 17423407 17423407 FINANCE & INSURANCE 520000 468927 468927 52561577 2822725 2822725 55384302 54915375 468927 0 X 168000 2495084 13881179 530358 2406674 991662 2107665 456334 151463 776665 1526516 1052008 3120031 698796 19160 264368 4110029 159816 2129959 94343 PROVISION FOR LOAN LOSS 4670181 DEBIT/CREDIT CARD EXPEN 2263707 MISC. EXPENSES 2214211 MAINTENANCE AND REPAIRS 1407798 1563032 49259039 6741712 6786488 85157465 36275636 14048731 14912032 3107796 3282657 639774244 697036600 736000 643890 42179174 14141226 27848703 28037948 89834886 105552188 3714488 4580695 25913330 31798347 896877355 928906481 12718096 19675903 53700000 73700000 734427925 740000190 800846021 833376093 X 0 0 0 0 96031334 95530388 96031334 95530388 896877355 928906481 X 6125263 -9352342 2726133 X X 0 1 X 1 0 7402680 7402680 24926735 7161101 17765634 843476 398477 444999 9006283 6581648 2424635 28037948 SHARE DRAFTS 150183919 REGULAR SHARES 218662953 MONEY MARKET 231653726 IRA SHARES 34282012 CERTIFICATES 104622580 NON MEMBER DEPOSITS 595000 740000190 X 54707064 -677238 -677238 55384302 0 55384302 49259039 0 49259039 0 49259039 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. 1 YMCA OF GREATER KANSAS CITY 3100 BORADWAY SUITE 1020 KANSAS CITY MO 64111 440546002 501(C)(3) 7300 0 CHARITABLE CONTRIBUTION ARTSKC - REGIONAL ARTS COUNCIL 106 SOUTHWEST BLVD KANSAS CITY MO 64108 431840674 501(C)(3) 5100 0 CHARITABLE CONTRIBUTION CENTER FOR DEVELOPMENTALLY DISABLED 9150 E 41ST TERRACE KANSAS CITY MO 64133 431104134 501(C)(3) 5100 0 CHARITABLE CONTRIBUTION COMMUNITY LINC 4012-14 TROOST AVE KANSAS CITY MO 64110 431506591 501(C)(3) 5100 0 CHARITABLE CONTRIBUTION HILLCREST MINISTRIES OF MIDAMERICA PO BOX 901924 KANSAS CITY MO 64190 203093292 501(C)(3) 5100 0 CHARITABLE CONTRIBUTION HOPEKIDS KANSAS CITY CHAPTER PO BOX 11947 KANSAS CITY MO 64138 861042378 501(C)(3) 5100 0 CHARITABLE CONTRIBUTION KANSAS CITY COMMUNITY GARDENS INC 6917 KENSINGTON AVENUE KANSAS CITY MO 64132 431356677 501(C)(3) 5100 0 CHARITABLE CONTRIBUTION LITERACY KANSAS CITY 3036 TROOST AVENUE KANSAS CITY MO 64109 431435729 501(C)(3) 5100 0 CHARITABLE CONTRIBUTION SUMMIT ART INC 210 SW MARKET STREET 154 LEES SUMMIT MO 64063 412147766 501(C)(3) 5100 0 CHARITABLE CONTRIBUTION UNITED INNER CITY SERVICES 2008 E 12TH STREET KANSAS CITY MO 64127 440646347 501(C)(3) 5100 0 CHARITABLE CONTRIBUTION RESTART INC 918 E 9TH STREET KANSAS CITY MO 64106 431349378 501(C)(3) 5100 0 CHARITABLE CONTRIBUTION 11 0 PART I, LINE 2: THESE CONTRIBUTIONS ARE CHARITABLE IN NATURE, NOT GRANTS. THEREFORE, THERE IS NO MONITORING SUBSEQUENT TO DISBURSEMENT. X 1 1 X X X 0 1 0 DEONNE CHRISTENSEN CEO 337884 0 75000 0 9090 0 8469 0 27688 0 458131 0 0 0 DANIEL ENGELHARD CLO 214395 0 58308 0 220 0 9167 0 27688 0 309778 0 0 0 JUSTIN MOUZOUKOS CFO 217197 0 58316 0 150 0 9288 0 19676 0 304627 0 0 0 BRAD REIN CIO 202562 0 51704 0 60 0 8539 0 26502 0 289367 0 0 0 MICHELLE WOOD CHIEF CULTURE & DIVERSITY AND INCLUS 193708 0 52798 0 60 0 10526 0 27688 0 284780 0 0 0 SEREPTHA J HELM CHIEF MEMBER OFFICER 179447 0 50891 0 0 0 9651 0 27688 0 267677 0 0 0 BILL SHERMAN WEALTH MANAGEMENT OFFICER 90720 0 100573 0 160 0 7773 0 18682 0 217908 0 0 0 JOHN BROWN VP TECHNOLOGY 152896 0 32412 0 90 0 7531 0 19253 0 212182 0 0 0 MARK THOMPSON VP GROWTH 144224 0 29482 0 90 0 6640 0 26440 0 206876 0 0 0 LAUREN CLEMENT VP MORTGAGE OPERATIONS 98958 0 58800 0 60 0 6494 0 26280 0 190592 0 0 0 MICHAEL SCHRECK VP RISK MANAGEMENT 117811 0 26739 0 90 0 6633 0 27633 0 178906 0 0 0 SEAN VOTH VP CONSUMER LENDING 133766 0 22742 0 70 0 3537 0 17835 0 177950 0 0 0 TIMOTHY J SCHEER VP RETAIL OPERATIONS 116821 0 27028 0 310 0 6229 0 26405 0 176793 0 0 0 CATHY SOLOMON VP BRANCH OPERATIONS 108986 0 26433 0 260 0 5813 0 11530 0 153022 0 0 0 PART I, LINE 4B THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS ASSIGNED SPLIT DOLLAR." BRANDON MICHAELS FORMER CEO TO FUND SPLIT DOLLAR LIFE INSURANCE X 3000000 3282657 0 1 1 3282657 IKE NWABUONWU BOARD MEMBER 3000000 LINE OF CREDIT TO ALLOW FOR CREDIT CAPACITY FOR FUTURE PROJECTS. $0 BALANCE AS OF DECEMBER 31, 2022 0 FORM 990, SCH L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." ALTHOUGH THE IRS REQUIRES REPORTING IN PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANT NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANT MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. FORM 990, PART VI, SECTION A, LINE 6 EVERY INDIVIDUAL THAT HAS DEPOSIT OF 1.00 IN THE CREDIT UNION HAS OWNERSHIP OF 1 VOTING SHARE OF THE ORGANIZATION AND MY VOTE ON THE ELECTION OF BOARD MEMBERS. NO MEMBER HAS MORE THAN 1 VOTING SHARE, REGARDLESS OF THE TOTAL AMOUNT OF DEPOSITS IN THAT MEMBER'S ACCOUNT. WE HAVE APPROXIMATELY 72,250 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION IS RUN BY A BOARD OF DIRECTORS MADE UP OF ORGANIZATION MEMBERS THAT WERE VOTED IN BY ALL OTHER MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE VP/CFO PROVIDES INPUT INTO THE PREPARATION OF THE 990 AND 990T AND REVIEWS THE RETURNS PRIOR TO FILING. THE CEO ALSO REVIEWS THE 990 AND 990T RETURNS PRIOR TO FILING. THEN, THE CEO REPORTS THE FILING OF THE 990 AND 990T TO THE BOARD AND MAKES THE RETURNS AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE OBTAINED EACH YEAR FROM MANAGEMENT, THE BOARD OF DIRECTORS, AND THE SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 CONSULTANTS WERE HIRED TO ASSIST IN DETERMINING THE CEO'S AND KEY EMPLOYEES' SALARIES. ALL EMPLOYEES ARE REVIEWED ON A BI-ANNUAL BASIS WITH CONSULTANT AND INDUSTRY DATA. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN BRANCH LOBBIES. POLICIES ARE AVAILABLE BASED UPON REQUEST AND FOLLOWING SPECIFIED PROCEDURES. FORM 990, PART IX, LINE 11G PROFESSIONAL & OUTSIDE SERVICES 776,665. FORM 990, PART IX, LINE 24E CHECK/CORP/BANK FEES/CHARGES 494,464. LOAN SERVICING 492,876. ATM FEES/CHARGES 445,769. TRAINING 58,880. SHARED BRANCHING 46,157. OREO SOLD MORTGAGE 24,886. FORM 990, PART XI, LINE 9: ACCUMULATED UNREALIZED NET GAINS (LOSSES) ON INTEREST RATE CASH FLOW HEDGES 2,726,133. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. CU HOLDING CO LLC 16011 COLLEGE BLVD SUITE 208 LENEXA KS 66219 870695887 HOLDING COMPANY MO -996215 8642002 MAZUMA CREDIT UNION