2022-10-04T09:41:25-05:00 2021-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 660616454 990 2021-01-01 480625190 AZURA CREDIT UNION AZUR 7852335556 610 SW 10TH AVENUE TOPEKA KS 666121673 GREG WINKLER PRESIDENT/CEO 7852335556 2022-10-04 1 GREG WINKLER 999009999 GERALD TENBRINK P00638199 9138946214 2022-08-26 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z GREG WINKLER 610 SW 10TH AVENUE TOPEKA KS 666121673 33958013 0 X WWW.AZURACU.COM X 1974 KS AZURA IS ENHANCING LIVES BY DELIVERING INNOVATIVE FINANCIAL SERVICE, EDUCATION, AND VALUE. 9 9 214 15 176600 0 0 0 27503165 32723153 1592516 1185704 52284 49156 29147965 33958013 132063 139370 0 0 9855256 10328970 0 0 0 15413256 13793453 25400575 24261793 3747390 9696220 634094379 682703343 570463918 609696819 63630461 73006524 X AZURA IS ENHANCING LIVES BY DELIVERING INNOVATIVE FINANCIAL SERVICE, EDUCATION, AND VALUE THROUGH PERSONAL AND COMMUNITY ENGAGEMENT. 1 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 58,187 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 32,022 MEMBER LOANS OUTSTANDING TOTALING $455,603,830. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $3,798,506 FOR THE YEAR. 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 1 0 0 0 0 0 0 0 0 1 0 0 0 1 15505 0 1 214 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 X DAVID LINDERMAN 7852335556 610 SW 10TH AVENUE TOPEKA KS 666121673 BRAD DEITER CHAIRMAN 2.00 X 0 0 0 JIM FROWNFELTER VICE CHAIRMAN 2.00 X 0 0 0 SHIRLEY MARTIN TREASURER 2.00 X 0 0 0 MARCIA DECHAND SECRETARY 2.00 X 0 0 0 ROBERT BALSTERS DIRECTOR 2.00 X 0 0 0 JOHN BLOCHER DIRECTOR 2.00 X 0 0 0 TINA FREESE DIRECTOR 2.00 X 0 0 0 RANDY PACHOSA DIRECTOR 2.00 X 0 0 0 BRYAN VARGAS DIRECTOR 2.00 X 0 0 0 GREG WINKLER PRESIDENT/CEO 40.00 X 315497 0 78938 LISA BROWN SVP-ADMINISTRATION/CAO 40.00 X 176098 0 24729 BRENTT MOON SVP-OPERATIONS & SYSTEMS/CIO 40.00 X 172131 0 36747 SHERYL DICK SVP-MEMBER SERVICES/CRO 40.00 X 161665 0 26198 EVAN BOUNOUS VP-INFORMATION SECURITY & TECHNOLOGY 40.00 X 141205 0 33762 JANICE DAVIS VP-LENDING 40.00 X 132366 0 30526 MARY MUNGER VP-MEMBER EXPERIENCE 40.00 X 120649 0 25572 ALLYSON SHOVE-CHARD VP-MARKETING 40.00 X 114679 0 15250 DAVID LINDERMAN VP-FINANCE/ACCOUNTING 40.00 X 114187 0 17874 1448477 0 289596 10 0 1 0 0 INTEREST ON LOANS 522100 20323187 20323187 FEES & OTHER INCOME 522100 12333339 12223366 109973 WARRANTY SALES & OTHER INSURANCE 524298 66627 66627 32723153 1185704 1185704 49156 49156 33958013 33781413 176600 0 124548 14822 992003 7560613 402021 763523 610810 13719 192140 6780 272270 781635 3415304 1730768 807595 34894 145647 5 778986 121663 MEMBER DIVIDENDS 3798506 LOAN SERVICING 1323592 PROVISION FOR LOAN LOSS 219636 ASSOCIATION DUES 66175 84138 24261793 4018549 4067894 74170748 52530586 1579172 1456906 4083540 4067776 410847649 454466954 658415 839286 17595584 6406431 9872888 11189153 105344814 138110519 23518604 15974269 634094379 682703343 7071708 5999359 563392210 603697460 570463918 609696819 X 0 0 0 0 63630461 73006524 63630461 73006524 634094379 682703343 9696220 -320157 0 X 0 1 X 1 0 5000 5000 5000 1 CREDIT UNION PAC OF KANSAS 901 SW TOPEKA BLVD TOPEKA KS 66612 480949548 5000 PART I-A, LINE 1: CONTRIBUTION TO THE CREDIT UNION PAC OF KANSAS 3955377 3955377 9645462 3328627 6316835 3994745 3077804 916941 11189153 HTM-FED AGENCY SEC 18500000 C AFS-MORTGAGE BACKED/CMO 78225966 F HTM-MORTGAGE BACKED/CMO 39700408 C HTM-MUNICIPAL BONDS 1000000 C FHLB CLASS A STOCK 500000 C MEMBERS MORT SVCS, LLC 178840 C CROCO CUSO, LLC 1005 C FHLB CLASS B STOCK 4300 C 138110519 MEMBER SHARE DEPOSITS 603697460 603697460 X 33958013 0 33958013 0 33958013 24261793 0 24261793 0 24261793 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 YEAR ENDED DECEMBER 31, 2021. 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 ON DECEMBER 31, 2021. 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 GREATER TOPEKA PARTNERSHIP FOUNDATION 719 S KANSAS AVE SUITE 100 TOPEKA KS 66603 800077427 501(C)3 8000 0 BETTERMENT OF THE TOPEKA AREA PARKS FOR ALL FOUNDATION 3137 SE 29TH STREET TOPEKA KS 66605 821386772 501(C)3 30000 0 PARK UPGRADES BOYS & GIRLS CLUBS OF TOPEKA 550 SE 27TH STREET TOPEKA KS 66605 480636732 501(C)3 9764 0 YOUTH PROGRAMS HARVESTERS-THE COMMUNITY FOOD NETWORK 215 SE QUINCY TOPEKA KS 66603 431208665 501(C)3 9322 0 FOOD PANTRY MILITARY VETERAN PROJECT INC PO BOX 3926 TOPEKA KS 66604 480877378 501(C)3 17896 0 PREVENTION OF MILITARY SUICIDE THROUGH TREATMENT AND RESEARCH SUPPORTING KIDS FOUNDATION PO BOX 15171 LENEXA KS 66285 272386653 501(C)3 8029 0 FINANCIAL SUPPORT FOR FAMILIES BATTLING CHILDHOOD CANCER TARC INC 2701 SW RANDOLPH AVE TOPEKA KS 66611 486086732 501(C)3 21501 0 SERVICES AND SUPPORT FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TOPEKA RESCUE MISSION INC PO BOX 8350 TOPEKA KS 66608 480688068 501(C)3 14433 0 HOMELESS SHELTER AND ASSISTANCE HEARTLAND CREDIT UNION CHARITABLE FOUNDATION INC 2043 WOODLAND PARKWAY SUITE 200 ST LOUIS MO 63146 431896922 501(C)3 5603 0 PROMOTE CREDIT UNION DEVELOPMENT 9 SCHOLARSHIPS 2 2000 TEACHER MINI GRANTS 48 12822 PART I, LINE 2: THE CREDIT UNION AWARDS TWO SCHOLARSHIPS TO STUDENTS WHO WILL BE ATTENDING AN ACCREDITED HIGHER EDUCATION INSTITUTE WITHIN THE STATE OF KANSAS, OR WITHIN 80 MILES OF AN AZURA CREDIT UNION. APPLICATIONS ARE REVIEWED BY A SELECTION COMMITTEE AND WINNERS ARE AWARDED $1,000 WITH PROCEEDS PAID DIRECTLY TO THE COLLEGE/UNIVERSITY OR TECHNICAL SCHOOL. IN ADDITION, TEACHERS MAY APPLY FOR MINI-GRANTS OF UP TO $300 TO HELP COVER THE COST OF VARIOUS CLASSROOM PROJECTS. APPLICATIONS ARE REVIEWED BY AZURA'S BUSINESS DEVELOPMENT STAFF AND FUNDS ARE PAID TO THE VENDOR SUPPLIER OR TO THE SCHOOL. X X X X X 0 1 0 GREG WINKLER PRESIDENT/CEO 307212 0 2475 0 5810 0 58308 0 20630 0 394435 0 0 0 BRENTT MOON SVP-OPERATIONS & SYSTEMS/CIO 164326 0 5275 0 2530 0 17567 0 19180 0 208878 0 0 0 LISA BROWN SVP-ADMINISTRATION/CAO 169422 0 3275 0 3401 0 13984 0 10745 0 200827 0 0 0 SHERYL DICK SVP-MEMBER SERVICES/CRO 157825 0 3500 0 340 0 10104 0 16094 0 187863 0 0 0 EVAN BOUNOUS VP-INFORMATION SECURITY & TECHNOLOGY 135526 0 2775 0 2904 0 14586 0 19176 0 174967 0 0 0 JANICE DAVIS VP-LENDING 126221 0 3200 0 2945 0 13575 0 16951 0 162892 0 0 0 PART I, LINE 3 THE PRESIDENT/CEO'S COMPENSATION IS SET BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, APPROVED BY THE FULL BOARD AND IS PURSUANT TO A WRITTEN EMPLOYMENT CONTRACT. A COMPENSATION SURVEY AND COMPARISON TO OTHER ORGANIZATIONS IS INCORPORATED IN THE PROCESS. PART I, LINE 4B THE CREDIT UNION HAS COLLATERAL ASSIGNMENT SPLIT DOLLAR LIFE INSURANCE ARRANGEMENTS WITH THE FOLLOWING OFFICERS: - GREG WINKLER, PRESIDENT/CEO - LISA BROWN, SVP-ADMINISTRATION/CAO - BRENTT MOON, SVP-OPERATIONS & INFORMATION SYSTEMS/CIO SEE SCHEDULE L FOR FURTHER DETAILS, INCLUDING THE RELATED LOANS OUTSTANDING AT DECEMBER 31, 2021. GREG WINKLER PRESIDENT/CEO PURCHASE OF CASH VALUE LIFE INSURANCE - NONRECOURSE SPLIT DOLLAR LOAN X 2600000 2608606 0 1 1 LISA BROWN SVP-ADMINISTRATION/CAO PURCHASE OF CASH VALUE LIFE INSURANCE - NONRECOURSE SPLIT DOLLAR LOAN X 800000 796620 0 1 1 BRENTT MOON SVP-OPERATIONS & INFORMATION SYSTEMS/CIO PURCHASE OF CASH VALUE LIFE INSURANCE - NONRECOURSE SPLIT DOLLAR LOAN X 650000 662550 0 1 1 4067776 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT THE IRS REFERS TO AS "COLLATERAL ASSIGNMENT SPLIT DOLLAR" (CASD). WHILE THE IRS REQUIRES REPORTING IN PART II, ABOVE, FOR LOANS TO INTERESTED PERSONS, CASD IS IS NOT AN ACTUAL LOAN. THERE IS NEITHER A TRANSFER OF FUNDS TO THE EXECUTIVE NOR AN OBLIGATION FOR THE EXECUTIVE TO PAY THOSE FUNDS BACK. INSTEAD, THE CREDIT UNION RECOVERS ITS OUTLAYS PLUS INTEREST FROM THE UNDERLYING INSURANCE POLICY.IN CASD, THE CREDIT UNION DEPOSITS DOLLARS DIRECTLY INTO A LIFE INSURANCE POLICY OWNED BY THE EXECUTIVE AND HOLDS A LIEN ON THE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES AND SUBJECT TO VESTING REQUIREMENTS, THE EXECUTIVE MAY BORROW FROM THE CASH VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME (PROVIDED THERE ARE SUFFICIENT POLICY VALUES). BORROWING IS CAREFULLY MONITORED AND LIMITED TO ASSURE THE POLICY WILL REMAIN IN EFFECT UNTIL THE EXECUTIVE'S DEATH AND WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO REPAY THE CREDIT UNION'S OUTLAYS PLUS INTEREST. FORM 990, PART III, LINE 2 AZURA WAS THE FIRST IN THE TOPEKA AREA TO INSTALL INTERACTIVE TELLER MACHINES (ITMS) IN PLACE OF OLD STYLE ATMS. THESE ALLOW MEMBERS 24/7 ACCESS TO DO ALMOST ANYTHING IN SELF-SERVICE MODE (EXCEPT OBTAINING CASHIERS' CHECKS). 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 VP OF FINANCE/ACCOUNTING PROVIDES DATA TO THE OUTSIDE ACCOUNTING FIRM PREPARING THE FORM 990 AND REVIEWS IT UPON COMPLETION. THE 990 IS THEN REVIEWED BY THE CEO AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY, 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 PRESIDENT/CEO'S COMPENSATION IS SET BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, APPROVED BY THE FULL BOARD AND IS PURSUANT TO A WRITTEN EMPLOYMENT CONTRACT. A COMPENSATION SURVEY AND COMPARISON TO OTHER ORGANIZATIONS IS INCORPORATED IN THE PROCESS. COMPENSATION FOR ALL OTHER EMPLOYEES IS BASED ON PERFORMANCE EVALUATIONS AND STANDING WITHIN THE APPLICABLE PAY SCALES. COMPEASE SOFTWARE IS USED IN THIS PROCESS. THIS PROVIDER PERFORMS ANNUAL MARKET RESEARCH TO ASSIST IN GRADING POSITIONS AND ENSURING COMPENSATION LEVELS ARE COMPETITIVE AND REASONABLE, WHILE ALSO HAVING INTERNAL EQUITY AS WELL AS OBJECTIVE AND CONSISTENT PAY PRACTICES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PRESENTED AT THE ANNUAL MEETING, POSTED QUARTERLY ON THE CREDIT UNION'S WEBSITE, 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 WRITTEN REQUEST OF THE SUPERVISORY COMMITTEE. CROCO CUSO LLC 610 SW 10TH AVENUE TOPEKA KS 66612 920192646 CREDIT UNION SERVICE ORGANIZATION (DORMANT) KS 0 1005