2024-04-11T15:26:13-05:00 2023-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 660616454 990 2023-01-01 370661473 MIDWEST MEMBERS CREDIT UNION MIDW 6182540605 PO BOX 619 WOOD RIVER IL 620950619 LOUIS BICANIC III PRESIDENT/CEO 6182540605 2024-04-11 1 LOUIS BICANIC III 999009999 0 GERALD TENBRINK P00638199 9138946214 2024-04-11 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z LOUIS BICANIC III PO BOX 619 WOOD RIVER IL 620950619 10510257 0 X WWW.MIDMEMBERS.ORG X 1935 IL MIDWEST MEMBERS CREDIT UNION WILL BECOME THE AREA'S FULL SERVICE CREDIT UNION OF CHOICE BY PROVIDING CONVENIENT MEMBER ACCESS TO A WIDE RANGE OF FINANCIAL SERVICES. 7 7 66 7 48571 0 0 0 8594680 9498504 454662 989440 22298 22313 9071640 10510257 9500 18495 3205 3237 2576033 2693062 0 0 0 4754954 4954728 7343692 7669522 1727948 2840735 194942200 195240766 178576606 175606878 16365594 19633888 MIDWEST MEMBERS CREDIT UNION WILL BECOME THE AREA'S FULL SERVICE CREDIT UNION OF CHOICE BY PROVIDING CONVENIENT MEMBER ACCESS TO A WIDE RANGE OF FINANCIAL SERVICES. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 19,978 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, LOANS OUTSTANDING TOTALED $151,741,850. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $1,088,396 FOR THE YEAR. 0 0 1 0 0 0 0 0 0 1 0 0 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 2283 0 1 66 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 0 0 0 X SAMANTHA PRITCHETT 6182540605 101 WESLEY DRIVE WOOD RIVER IL 620952296 GERARD JACQUIN CHAIRMAN 3.50 X 0 0 165 RICHARD BARTOSIAK VICE CHAIRMAN 3.50 X 0 0 165 DONALD KLOTZ TREASURER 3.50 X 0 0 165 RANDY DUNCAN SECRETARY 3.50 X 0 0 165 MARK SCHOENLEBER DIRECTOR 3.50 X 0 0 165 BRIAN NOTTROTT DIRECTOR 3.50 X 0 0 165 WILLIAM DUSENBERRY DIRECTOR 3.50 X 0 0 165 LOUIS BICANIC III PRESIDENT/CEO 40.00 X 169046 0 92599 TIMOTHY CARTER COO 40.00 X 102881 0 9661 SAMANTHA PRITCHETT CFO 40.00 X 101270 0 9419 373197 0 112834 3 0 1 0 0 INTEREST ON LOANS 522100 6504261 6504261 FEES & OTHER INCOME 522100 2989995 2945672 44323 WARRANTY SALES 524298 4248 4248 9498504 989440 989440 22313 22313 10510257 10461686 48571 0 X 13995 4500 3237 486031 1709547 97554 240106 159824 26985 100420 996478 126312 440932 302380 267009 71204 212273 61578 MEMBER DIVIDENDS 1088396 LOAN SERVICING 771923 PROVISION FOR LOAN LOSS 420225 ASSOCIATION/CHAPTER EXP 34714 33899 7669522 2846884 2592743 30964762 26572559 146728463 151039420 2967479 3348049 8488924 3804000 4712358 4684924 3246887 3361816 3475367 3641255 194942200 195240766 1751511 2365736 52087 14731 176773008 173226411 178576606 175606878 X 0 0 0 0 16365594 19633888 16365594 19633888 194942200 195240766 X 2840735 115074 312485 X 0 0 0 6000 6000 6000 1 CREDIT UNION POLITICAL ACTION COUNCIL 1807 WEST DIEHL RD PO BOX 3107 NAPERVILLE IL 605667107 363092340 6000 PART I-A, LINE 1: CONTRIBUTIONS TO CREDIT UNION PAC 927246 927246 5612874 2212292 3400582 1748820 1443881 304939 199984 147827 52157 4684924 MEMBER SHARE DEPOSITS 173226411 173226411 X 0 0 0 LOUIS BICANIC III PRESIDENT/CEO 168119 0 0 0 927 0 76012 0 16587 0 261645 0 0 0 PART I, LINE 3 THE COMPEASE SALARY ADMINISTRATION PROGRAM FROM HR PERFORMANCE SOLUTIONS IS USED TO DETERMINE ALL EMPLOYEE COMPENSATION, INCLUDING THE PRESIDENT'S. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS MUTUALLY OWNED BY ITS 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 MEMBERS; HOWEVER NO SUCH CHANGES WERE MADE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT REVIEWS AND APPROVES THE FORM 990 AND MAKES IT AVAILABLE TO BOARD MEMBERS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICIES ARE INCLUDED IN THE CREDIT UNION'S POLICY MANUALS. INITIALLY, ALL EMPLOYEES AND BOARD MEMBERS ARE REQUIRED SIGN AN ACKNOWLEDGMENT OF THE POLICIES. ON AN ANNUAL BASIS, THEY ARE REQUIRED TO REVIEW AND SIGN THE FRAUD POLICY WHICH OUTLINES BEHAVIORS THAT WOULD CORRESPOND WITH CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE COMPEASE SALARY ADMINISTRATION PROGRAM FROM HR PERFORMANCE SOLUTIONS IS USED TO DETERMINE ALL EMPLOYEE COMPENSATION, INCLUDING THE PRESIDENT'S. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION, 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 IX, LINE 11G DEBIT CARD EXPENSE 552,388. CU ONLINE EXPENSE 272,960. ATM EXPENSE 100,115. OTHER PROFESSIONAL & OUTSIDE SERVICES 71,015. FORM 990, PART XI, LINE 9: MINIMUM PENSION LIABILITY ADJUSTMENT 487,761. CECL TRANSITION ADJUSTMENT -175,276.