2024-10-09T16:37:42-05:00 2023-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 660616454 990 2023-01-01 486107341 SKYWARD CREDIT UNION SKYW 3164409690 4 CESSNA BLVD WICHITA KS 672151423 GREG PETER CFO 3164409690 2024-10-09 1 0 GERALD TENBRINK P00638199 9138946214 2024-10-09 2023 2024-10-15 13:58:12Z KEVIN WILMOTH 4 CESSNA BLVD WICHITA KS 672151423 22947427 0 X WWW.SKYWARDCU.COM X 1941 KS PROVIDE COOPERATIVE FINANCIAL SERVICES TO MEMBERS 7 7 81 15 92968 0 6000 0 10858789 13787142 4650700 4615948 47262 46649 15562751 18449739 55250 42000 0 0 4703276 4836031 0 0 0 9639130 14345347 14397656 19223378 1165095 -773639 389740137 397676278 371708551 374453367 18031586 23222911 PROVIDE COOPERATIVE FINANCIAL SERVICES TO MEMBERS 0 0 PROVIDE SAVINGS, CHECKING, AND OTHER DEPOSITORY SERVICES TO 20,361 MEMBERS, AND PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $5,343,549 FOR THE YEAR. PROVIDE A SOURCE OF CONSUMER AND MORTGAGE CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, THERE WERE 14,160 LOANS OUTSTANDING TOTALING $197,703,369. PROVIDE FINANCIAL INFORMATION AND EDUCATION TO MEMBERS IN THE AREAS OF SAVINGS, CREDIT, AND RELATED PERSONAL WEALTH PROTECTION AND PRESERVATION. 0 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8234 0 1 81 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 1 1 0 X GREG PETER 3164409690 4 CESSNA BLVD WICHITA KS 672151423 HOLLY DIXON CHAIRPERSON 2.00 X 0 0 0 ROY AYCOCK VICE CHAIRPERSON 2.00 X 0 0 0 KIMBERLY ANDERSON SECRETARY / TREASURER 2.00 X 0 0 0 DARRELL ELKINTON BOARD MEMBER 2.00 X 0 0 0 PHILIP CHRONISTER BOARD MEMBER 2.00 X 0 0 0 CHAD ROCKEY BOARD MEMBER 2.00 X 0 0 0 TYLER VREDEVOOGD BOARD MEMBER 2.00 X 0 0 0 KEVIN WILMOTH PRESIDENT / CEO 45.00 X 240211 0 66644 DEAN GREG PETER CFO 45.00 X 148390 0 50498 388601 0 117142 2 0 1 0 KLENDA AUSTERMAN LLC 1600 EPIC CENTER 301 N MAIN WICHITA KS 672024816 COLLECTIONS ON DELINQUENT LOANS 112410 1 INTEREST ON LOANS 522100 10395599 10395599 FEES & OTHER INCOME 522100 3349443 3298575 50868 WARRANTY SALES 524298 42100 42100 13787142 4570676 4570676 46649 46649 4542960 4497688 45272 45272 45272 18449739 18356771 92968 0 36000 6000 505743 3338950 72874 585937 332527 101347 309361 109643 427686 617231 1650209 320466 20395 81365 1582808 535552 81942 MEMBER DIVIDENDS 5343549 DEBIT/ATM/OTHER CARD EX 1497059 LOAN SERVICING 750483 PROVISION FOR LOAN LOSS 651958 264293 19223378 3901341 3618392 14865433 12482310 189826752 197352638 544520 702145 11091759 4814157 6733040 6277602 167917199 168263774 5951852 8979417 389740137 397676278 2803117 3307614 31608600 46337941 337296834 324807812 371708551 374453367 X 0 0 0 0 18031586 23222911 18031586 23222911 389740137 397676278 X -773639 6333809 -368845 X 0 1 X 1 0 100 100 100 0 CREDIT UNION PAC OF KANSAS 901 SW TOPEKA BLVD TOPEKA KS 66612 480949548 100 PART I-A, LINE 1: CONTRIBUTION TO A CREDIT UNION PAC 857180 857180 6750979 2145525 4605454 972317 674923 297394 1639799 1163733 476066 871484 829976 41508 6277602 AFS-FEDERAL AGENCY SEC 71520642 F AFS-MORTGAGE BACKED SEC 54567050 F AFS-STATE & MUNICIPAL SEC 26099526 F AFS-CMOS 8061521 F AFS-SBA DEBENTURES 3864967 F FHLB STOCK 634900 C CREDIT UNION OWNED LIFE INSURANCE 3515168 C 168263774 MEMBER SHARE DEPOSITS 324807812 324807812 X 18449739 0 18449739 0 18449739 19223378 0 19223378 0 19223378 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, 2023 AND DECEMBER 31, 2022. 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 AS OF DECEMBER 31, 2023 AND DECEMBER 31, 2022. 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 EXPLORATION PLACE INC 300 N MCLEAN BLVD WICHITA KS 67203 481000295 501(C)(3) 6500 0 SCIENCE CENTER PROGRAMS KANSAS AVIATION MUSEUM 3350 S GEORGE WASHINGTON BLVD WICHITA KS 67210 481089259 501(C)(3) 8500 0 AERONAUTICAL SCIENCE AND HISTORY PROGRAMS GUADALUPE HEALTH FOUNDATION 424 N BROADWAY WICHITA KS 67202 201344137 501(C)(3) 7500 0 HEALTH CARE & EDUCATION FOR POOR, DISTRESSED & UNDERPRIVILEGED IN WICHITA DIOCESE 3 $1,000 SCHOLARSHIPS 6 6000 PART I, LINE 2: THE AIM HIGHER SCHOLARSHIP PROGRAM AWARDS $1,000 SCHOLARSHIPS TO RECENT HIGH SCHOOL GRADUATES. TO BE ELIBIBLE, APPLICANTS MUST BE A MEMBER AND PRIMARY ACCOUNT HOLDER IN GOOD STANDING WITH SKYWARD CREDIT UNION, BE UNDER THE AGE OF 24, HAVE A MINIMUM CUMULATIVE GPA OF 2.5, AND SUBMIT A COMPLETED APPLICATION AND REQUIRED DOCUMENTS. APPLICATIONS ARE JUDGED BY A COMMITTEE OF SKYWARD CREDIT UNION STAFF AND VOLUNTEERS. FUNDS ARE DISTRIBUTED UPON PROOF OF ACCEPTANCE AS A FULL-TIME STUDENT AT AN ACCREDITED INSTITUTION: UNIVERSITY, COMMUNITY COLLEGE, TRADE SCHOOL OR VOCATIONAL SCHOOL. X 0 0 0 KEVIN WILMOTH PRESIDENT / CEO 200145 0 37100 0 2966 0 43014 0 23630 0 306855 0 0 0 DEAN GREG PETER CFO 122290 0 24500 0 1600 0 27318 0 23180 0 198888 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE CEO'S COMPENSATION. 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 CFO AND PRESIDENT/CEO REVIEW THE ANNUAL 990 AND 990-T RETURNS BEFORE FILING. AFTER FILING, THE RETURNS ARE REVIEWED AT A BOARD MEETING AND ARE PROVIDED ON A SECURED BOARD PORTAL. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, ALL EMPLOYEES ARE REQUIRED TO REVIEW THE "CODE OF ETHICS AND CONFIDENTIALITY PLEDGE," 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 EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE CEO AND ALL KEY MANAGEMENT OF THE ORGANIZATION. 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 FOR INSPECTION UPON FORMAL REQUEST. FORM 990, PART XI, LINE 9: CECL TRANSITION ADJUSTMENT -368,845.