2025-05-13T23:46:48-04:00 2024-12-31 990 2024-01-01 430704245 Century Credit Union % Joshua Wallace CENT 3145441818 1540 Lemay Ferry St Louis MO 63125 Joshua Wallace President 2025-05-14 2024 2025-03-06 01:10:19Z Century Credit Union Joshua Wallace 1540 Lemay Ferry St Louis MO 63125 9131564 false X X Credit Union 1954 MO To promote the financial well-being of our members by encouraging savings providing affordable loans and delivering competitive member-focused services. 7 7 43 7 34789 0 0 0 4014157 5126726 1852132 2262716 1616716 1576456 7483005 8965898 0 0 1480688 2184778 1756927 1861255 0 0 0 2304650 2853937 5542265 6899970 1940740 2065928 146684463 157156821 120189893 128596323 26494570 28560498 To encourage our members to save offer loans at fair rates and deliver competitive financial services that support their needs. false false 0 0 0 As a financial cooperative we return profits to our members through reduced loan rates assisting them in saving on interest expenses. 0 0 0 As a financial cooperative we return profits to our members through increased savings and certificate rates enabling them to earn more on their deposits. 0 0 0 As a financial cooperative we return profits to our members by lowering service fees assisting them in saving more and expanding their savings accounts. 0 0 0 0 false false false false false false false false false false true false true false true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true 0 0 true 43 true true true false false false false false false false 7 7 false false true false true true true true true false true true false true false true true true true true false X JOSH WALLACE 3145441818 1540 Lemay ferry Rd SAINT LOUIS MO 63125 ROBERT EIKE FORMER CEO 0.00 0.00 X 155931 0 0 DARYL FIGGE VP OF FINANCIAL SERVICES 40.00 0.00 X 147964 0 0 JOSHUA WALLACE CEO 40.00 0.00 X 125708 0 0 MARK FALKNER BOARD CHAIRMAN 0.00 0.00 X 0 0 0 WILLIAM SIP VICE CHAIRMAN 0.00 0.00 X 0 0 0 TERRY BANISTER SECRETARY 0.00 0.00 X 0 0 0 ROBERT EIKE TREASURER 0.00 0.00 X 0 0 0 SUE PAULY BOARD MEMBER 0.00 0.00 X 0 0 0 LEO CHIRCO BOARD MEMBER 0.00 0.00 X 0 0 0 TIM MCBRIDE BOARD MEMBER 0.00 0.00 X 0 0 0 429603 0 0 3 true true false 0 0 0 0 0 0 0 0 INCOME FROM MEMBER LOANS 522130 5126726 0 0 5126726 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5126726 2260674 0 0 2260674 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 167708 0 165666 0 2042 2042 0 0 2042 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FEE INCOME 522130 555114 0 34789 520325 MISC OPERATING INCOME 522130 1021342 0 0 1021342 0 0 0 0 0 0 0 0 1576456 8965898 0 34789 8931109 0 0 0 0 0 0 2184778 0 429603 0 0 0 0 0 0 0 1007280 0 0 0 83937 0 0 0 222222 0 0 0 118213 0 0 0 0 0 0 0 5830 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 862501 0 0 0 215838 0 0 0 313713 0 0 0 18607 0 0 0 0 0 0 0 163718 0 0 0 64571 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 674547 0 0 0 39845 0 0 0 37655 0 0 0 PROVISION FOR LOAN LOSS 457036 0 0 0 LOSS ON INVESTMENTS 76 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6899970 0 0 0 0 0 0 0 1175416 993048 0 0 0 0 372031 514899 0 1761791 0 0 81822013 86829443 0 0 565198 310636 2435876 931227 1494914 1504649 0 0 0 0 53698741 57601363 0 0 7556150 7640992 146684463 157156821 725337 758703 0 0 0 0 0 0 0 0 0 0 0 0 0 0 119464556 127837620 120189893 128596323 X 0 0 0 0 26494570 28560498 26494570 28560498 146684463 157156821 2065928 0 0 0 0 0 X false true X true false 425000 0 425000 1363456 0 361716 1001740 181289 0 181289 0 466131 0 388222 77909 0 0 0 0 1504649 Certificates in Banks and Credit Unions 37332000 F Millennium Corporate Credit Union 20269363 F 57601363 Total Member Shares 127837620 127837620 X Part X, line 2 Member shares are reported as other liabilities in Part X because in accordance with generally accepted accounting principles GAAP applicable to credit unions member shares are considered depository obligations rather than equity. These amounts represent funds held on behalf of members and are payable on demand consistent with industry standards and NCUA guidance. X X X false true false ROBERT EIKE FORMER CEO 79199 0 0 0 53984 0 7920 0 14828 0 155931 0 0 0 DARYL FIGGE VP OF FINANCIAL SERVICES 85406 0 5985 0 27000 0 23000 0 6573 0 147964 0 0 0 JOSHUA WALLACE CEO 107104 0 0 0 0 0 0 0 18604 0 125708 0 0 0 Part I Line 4b | Name :, Title:, Item Selected:, Amount:| Daryl Figge, 50000| Part I Line 4b | Name :, Title:, Item Selected:, Amount:| Joshua Wallace, 0| Part I Line 4b | Name :, Title:, Item Selected:, Amount:| Joshua Wallace, 0| Part I & Part II | PartandLinenumber:,Explanation:| Part I Line 4,Daryl Figge and Joshua Wallace participate in 457 plans. Daryl Figge received a payout in 2024. The accured liability is $36,5620 for Daryl Figge and $21,395 for Joshua Wallace.|Part I Line 4,In 2024 the organization entered into a split-dollar life insurance arrangement with Joshua Wallace. This arrangement is structured as a loan regime under Treasury Regulation 1.7872-15 wherein the organization provides a loan to the employee to fund a life insurance policy. The employee owns the policy and is responsible for repaying the loan including accrued interest in accordance with the terms of the agreement. Under IRS guidelines such split-dollar arrangements are considered supplemental nonqualified retirement plans and are reportable on Schedule J. However for the 2024 tax year no economic benefit or compensation has been recognized by the employee as there have been no distributions or insurance payouts. The organization will continue to assess and report any compensation implications in future tax years as applicable.|Part II General,In 2024 the organization entered into a split-dollar life insurance arrangement with Joshua Wallace. This arrangement is structured as a loan regime under Treasury Regulation 1.7872-15 wherein the organization provides a loan to the employee to fund a life insurance policy. The employee owns the policy and is responsible for repaying the loan including accrued interest in accordance with the terms of the agreement. Under IRS guidelines such split-dollar arrangements are considered supplemental nonqualified retirement plans and are reportable on Schedule J. However for the 2024 tax year no economic benefit or compensation has been recognized by the employee as there have been no distributions or insurance payouts. The organization will continue to assess and report any compensation implications in future tax years as applicable.| Joshua Wallace CEO Split-dollar life insurance arrangeement X 1750000 1761791 false true true 1761791 Part V | PartandLinenumber:,Explanation:| Part II Line 1,In 2024 the organization entered into a split-dollar life insurance arrangement with a key employee. This arrangement is structured as a loan regime under Treasury Regulation 1.7872-15 wherein the organization provides a loan to the employee to fund a life insurance policy. The employee owns the policy and is responsible for repaying the loan including accrued interest in accordance with the terms of the agreement. Under IRS guidelines such split-dollar arrangements are considered supplemental nonqualified retirement plans and are reportable on Schedule J. However for the 2024 tax year no economic benefit or compensation has been recognized by the employee as there have been no distributions or insurance payouts. The organization will continue to assess and report any compensation implications in future tax years as applicable.| Part VI, Line 4 The bylaws were updated to refine the Board nomination process and clarify the field of membership ensuring all current eligibility criteria and associated employer groups are accurately reflected. Part VI, Line 6 At a credit union customers are called members. As a financial cooperative members are also the owners. Part VI, Line 7a Each year an election is held for our Board of Directors with members elected to serve three-year terms. Part VI, Line 7b Certain bylaw matters require a member vote at the annual meeting. Part VI, Line 11b The Form 990 is prepared by the President and reviewed by the Vice President of Operations. It is not typically reviewed by the Board of Directors. Part VI, Line 12c The credit union actively monitors all employee director and management activity to identify and address any potential conflicts of interest. Part VI, Line 15 All employees are reviewed annually for performance and scored for salary adjustments. A matrix is established based on industry data and the COLA rate for the new year. Part VI, Line 18 We notify members of the availability of financial statements via the lobby bulletin board. Additionally financial statements are shared at our annual meeting and are accessible for public viewing on the NCUA website. Part VI, Line 19 We notify members of the availability of financial statements via the lobby bulletin board. Additionally financial statements are shared at our annual meeting and are accessible for public viewing on the NCUA website. Part IX, Line 11g Miscellaneous operating expense of $68,168; Loan servicing expense of $770,557; Association dues of $23,776 Part VII General | Explanation:| In 2024 the organization entered into a split-dollar life insurance arrangement with a key employee. This arrangement is structured as a loan regime under Treasury Regulation 1.7872-15 wherein the organization provides a loan to the employee to fund a life insurance policy. The employee owns the policy and is responsible for repaying the loan including accrued interest in accordance with the terms of the agreement. Under IRS guidelines such split-dollar arrangements are considered supplemental nonqualified retirement plans and are reportable on Schedule J. However for the 2024 tax year no economic benefit or compensation has been recognized by the employee as there have been no distributions or insurance payouts. The organization will continue to assess and report any compensation implications in future tax years as applicable. Part X Line 5 | Explanation:| The Employer has paid one or more premiums into a life insurance policy owned by the Employee Joshua Wallace. The premiums are treated for tax purposes as nonrecourse split dollar loans under 26 C.F.R. 1.7872-15. The Employer and Employee represent that a reasonable person would expect that the Employer will be paid all of its premium payments.