2022-11-11T09:59:32-06:00 2021-12-31 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2021-01-01 420804594 GreenState Credit Union % TODD FANNING GREE 3193391000 2355 Landon Road North Liberty IA 523170800 JEFFERY A DISTERHOFT PRESIDENT & CEO 8003983790 2022-11-15 true JEFFERY A DISTERHOFT 999009999 MICHAEL J SUMMERS P00838533 3173834000 2022-05-15 2021 2022-09-23 18:48:47Z JEFFREY A DISTERHOFT 2355 Landon Road North Liberty IA 523170800 424604791 false X WWW.GREENSTATE.ORG X 1938 IA IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITIES BY PROMOTING THE FINANCIAL WELL-BEING OF OUR RESIDENTS. 11 11 817 12 151720 0 0 0 288886579 336910307 -5956367 4142292 79554498 77700411 362484710 418753010 3662937 4450344 0 0 66135255 75222588 0 0 0 181919583 139972871 251717775 219645803 110766935 199107207 7112600980 9006590517 6442688617 8137394896 669912363 869195621 WE IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITIES BY PROMOTING THE FINANCIAL WELL-BEING OF OUR RESIDENTS. false false PROVIDE LENDING SERVICES TO THE MEMBERSHIP OF THE CREDIT UNION. IN 2021, THE CREDIT UNION ORIGINATED $895,160,068 OF IN-HOUSE CONSUMER, REAL ESTATE, AND COMMERCIAL LOANS, AND ALSO ORIGINATED $1,670,477,577 IN FIRST MORTGAGE LOANS WHICH WERE SOLD ON THE SECONDARY MARKET. PROVIDE SAVINGS AND DEPOSIT SERVICES TO THE MEMBERSHIP OF THE CREDIT UNION: IN 2021, TOTAL DEPOSITS IN THE CREDIT UNION GREW FROM $5,729,017,278 TO $7,474,622,696. PROVIDE TRANSACTION SERVICES TO THE MEMBERSHIP OF THE CREDIT UNION: IN 2021, THE CREDIT UNION PROCESSED 54,132,646 FINANCIAL TRANSACTIONS FOR ITS MEMBERS. false false false false false false false true false true false false false true true false true false false false false false false false false false true false true false true false false false false false false false false true false false false true 105977 0 true 817 true true true false false false false false true false X 11 11 false false false false true true true true true false false true true true true true true true true false X X TODD FANNING 3192485815 2355 LANDON ROAD NORTH LIBERTY IA 53217 JEFFREY A DISTERHOFT PRESIDENT & CEO 50.0 0.0 X 1310141 0 54670 FELISHA A JUNGE MORTGAGE LOAN OFFICER 55.0 0.0 X 1042551 0 6841 PETER D JOHNSON MORTGAGE LOAN OFFICER 50.0 0.0 X 833256 0 28921 MICHAEL R WARD MORTGAGE LOAN OFFICER 50.0 0.0 X 746121 0 26043 SCOTT R LANGENBERG MORTGAGE LOAN OFFICER 50.0 0.0 X 700845 0 8283 MARSHA L WOLFF CHIEF HR & INFORMATION OFFICER 50.0 0.0 X 609289 0 34193 MATTHEW E FRASCHT MORTGAGE LOAN OFFICER 50.0 0.0 X 619757 0 19903 TODD D FANNING EVP & CHIEF FINANCIAL OFFICER 50.0 0.0 X 533966 0 31014 AMY K HENDERSON CHIEF CONSUMER SERVICE OFFICER 50.0 0.0 X 498196 0 36120 KATHERINE B COURTNEY CHIEF OPERATING OFFICER 50.0 0.0 X 467255 0 39068 JAMES F KELLY CHIEF MARKETING OFFICER 50.0 0.0 X 411702 0 33209 SAMANTHA R MCSORLEY CHIEF COMMERCIAL OFFICER 50.0 0.0 X 439859 0 41 RYAN M DOEHRMANN CHIEF MORTGAGE OFFICER 50.0 0.0 X 301116 0 29170 LAUREL DAY SECRETARY 0.53 0.0 X X 0 0 0 DREW DENNING DIRECTOR 1.75 0.0 X 0 0 0 MJ DOLAN GOVERNANCE COMMITTEE CHAIR 1.57 0.0 X 0 0 0 LYNSEY ENGELS NOMINATING SUBCOMMITTEE CHAIR 0.91 0.0 X 0 0 0 FRED MIMS CHAIRPERSON 11.96 0.0 X X 0 0 0 MARC MOEN DIRECTOR 0.56 0.0 X 0 0 0 LORAS NEUROTH AUDIT/RISK COMMITTEE CHAIR 2.02 0.0 X 0 0 0 TIFFANY O'DONNELL DIRECTOR 0.27 0.0 X 0 0 0 ANDRE PERRY CHIEF FINANCIAL OFFICER 0.96 0.0 X X 0 0 0 MARK ROLINGER CREDIT COMMITTEE CHAIR 0.99 0.0 X 0 0 0 DAVE WRIGHT VICE CHAIR 10.04 0.0 X X 0 0 0 BARRY BOYER DIRECTOR 0.27 0.0 X 0 0 0 8514054 0 347476 133 false true false RSM US LLP 5155 PAYSPHERE CIRCLE CHICAGO IL 60674 PROFESSIONAL SERVICE 3780431 MCCOMAS-LACINA CONST 1310 HIGHLAND CT IOWA CITY IA 52240 CONSTRUCTION 2729265 SONNICK PARTNERS 860 BROADWAY 5TH FL NEW YORK NY 10003 CONSULTING 533793 RED BELL REAL ESTATE LLC 7730 S UNION PARK AVE MIDVALE UT 84047 CONSULTING 399208 LANVERA LTD 112 WRANGLER DRIVE SUITE 150 COPPELL TX 75019 PROFESSIONAL SERVICE 1648719 20 0 LOAN INTEREST REVENUE 522100 327050708 327050708 ATM FEE REVENUE 522100 9859599 9859599 151720 336910307 5126891 5126891 0 0 267075 267075 0 267075 267075 4867182 5851781 -984599 -984599 -984599 0 0 0 0 0 0 0 0 0 SERVICE RELEASE PREMIUMS 522100 39764229 39764229 INTERCHANGE REVENUE 522100 19867243 19867243 MISCELLANEOUS REVENUE 522100 6378816 6378816 11423048 11423048 77433336 418753010 414343643 151720 4409367 4450344 0 0 0 4829007 0 36837361 4066686 25534514 3955020 0 420665 771050 0 0 0 251714 3912331 6689113 8525748 0 5296019 191351 0 10428 12592140 0 6498962 496479 INTEREST PAID TO MEMBERS 54568189 PROVISION FOR LOAN LOSS 18931183 MISCELLANEOUS EXPENSE 7583674 PROCESSING FEES 13233825 219645803 298980765 555621296 0 0 0 0 0 0 16413595 16779797 0 0 6264981970 7950733659 0 0 39261837 18072051 178067451 50337619 118919348 127729832 35911300 34232700 0 0 0 0 55431573 106288893 282700592 197132289 7112600980 9006590517 54208055 38023986 0 0 0 0 0 0 16619665 17401922 0 0 630000000 604815156 0 0 5741860897 7477153832 6442688617 8137394896 X 0 0 0 0 669912363 869195621 669912363 869195621 7112600980 9006590517 199107207 176051 X X false true X true false false true X 36875201 36875201 93231615 13256011 79975604 97074 49389 47685 46954346 37032219 9922127 909215 909215 127729832 0 MEMBER CHECKING & SAVINGS ACCOUNTS 4088405943 CD'S & IRA'S 1555094364 NONMEMBER MMA 1831122388 CONTINGENT LIABILITIES 2531137 7477153832 X PART IV, LINE 2B GREENSTATE CREDIT UNION COLLECTS AMOUNTS FROM MEMBERS WITH REAL ESTATE LOANS EACH MONTH VIA THEIR CONTRACTUAL PAYMENT SCHEDULE. THESE FUNDS ARE HELD IN ESCROW UNTIL THEY NEED TO BE DISBURSED IN ACCORDANCE WITH THE ESCROW INSTRUCTIONS FOR EACH MEMBER. AMOUNTS HELD IN ESCROW ARE FOR PROPERTY TAXES AND HOMEOWNER'S INSURANCE. PART X, LINE 2 GREENSTATE CREDIT UNION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(14) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO INCOME TAXES HAVE BEEN PROVIDED FOR IN THE FINANCIAL STATEMENTS. THE CREDIT UNION DOES; HOWEVER, PAY PROPERTY TAXES TO THE COUNTY AND CITY ON ITS BUILDINGS AND COMPUTER EQUIPMENT AND IS ASSESSED OTHER AMOUNTS WHICH HAVE BEEN REFLECTED IN THE CREDIT UNION'S FINANCIAL STATEMENTS. THE CREDIT UNION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC 740, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE CREDIT UNION MAY RECOGNIZE THE TAX BENEFITS FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. THIS STANDARD DID NOT HAVE AN IMPACT ON THE FINANCIAL STATEMENTS AND THE CREDIT UNION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. THE CREDIT UNION RECOGNIZES INTEREST AND PENALTIES ON INCOME TAXES AS A COMPONENT OF INCOME TAX EXPENSE. true 4 The Kidz 425 Oakdale Blvd Coralville IA 52241 841784969 501(C)(3) 25000 Kickoff - Kinnick 5K African American Museum of Iowa 55 12th Avenue SE Cedar Rapids IA 52401 421415305 501(C)(3) 10000 History Makers Gala American Heart Association 1035 N Center Point Rd Suite B Hiawatha IA 52233 135613797 501(C)(3) 12000 American Heart Assoc. American Red Cross 317 7th Ave SE STE 205 Cedar Rapids IA 52401 530196605 501(C)(3) 10000 Heroes Event Amperage Marketing 6711 Chancellor Drive Cedar Falls IA 50613 12784 Dew Tour Astig Planning LLC 437 S Governor St Iowa City IA 52240 10000 Economic Development Athletics For Education and Success 712 3rd street NW Fort Dodge IA 50501 204900722 501(C)(3) 12500 AFES Summer Program Big Brothers Big Sisters of Johnson County 3109 Old Hwy 218 S Iowa City IA 52246 426061606 501(C)(3) 8000 2021 Bowl for Kids Boys & Girls Club of the Corridor 420 6th Street SE Suite 240 Cedar Rapids IA 52401 421434056 501(C)(3) 17500 B&G CLUB EVENTS Boys & Girls Clubs of the Cedar Valley 515 Lime St Waterloo IA 50703 426083723 501(C)(3) 15000 Premier Leader Sponsor Cedar Rapids Community Schools Foundation 2500 Edgewood Rd NW Cedar Rapids IA 52405 421197912 501(C)(3) 30000 SAFE Program Fund Cedar Rapids Freedom Festival 609 1st Ave SW Suite 102 Cedar Rapids IA 52405 421329035 501(C)(3) 25000 Freedom Celebration Cedar Rapids Metro Economic Alliance 501 1st St SE Cedar Rapids IA 52401 420172900 501(C)(3) 25000 Buy Local Presenting Sponsor Cedar Valley United Way 425 Cedar Street Suite 300 Waterloo IA 50701 420801846 501(C)(3) 10000 GENERAL SUPPORT Children's Cancer Connection 5701 Greendale Road Johnston IA 50131 421313167 501(C)(3) 10000 Camping Night Away Community Student Support Solutions (CSSS) 3203 ASHE CREEK DR League City TX 77573 862450222 501(C)(3) 20000 The SEAD Project ConnectCR PO Box 11186 Cedar Rapids IA 52410 823025860 501(C)(3) 20000 Awakening Connections Coralville Community Food Pantry 1002 5th Street PO Box 5523 Corallville IA 52241 473509757 501(C)(3) 16667 Building Campaign Corridor Business Journal 2345 Landon Road North Liberty IA 52317 12500 Diversity Inclusion Davenport Family YMCA 606 West 2nd STreet Davenport IA 52801 420703278 501(C)(3) 8333 Davenport YMCA Deacon Sports and Entertainment US INC & Junior 802 Quarry Rd Corallville IA 52241 420919209 501(C)(3) 20000 Score for Charity JA Des Moines Area Community College - Evelyn K Davi 2006 S Ankeny Boulevard Ankeny IA 50023 420926354 501(C)(3) 41500 Multilingual Educ. Des Moines Arts Festival PO Box 1434 Des Moines IA 50305 421471969 501(C)(3) 10000 Arts Festival Des Moines Refugee Support 1110 South Avenue Norwalk IA 50211 843102842 501(C)(3) 8000 Camp Hantesa Downtown Davenport Partnership 331 W 3rd St STE 100 Davenport IA 52801 273065786 501(C)(3) 15000 Alternating Currents Dubuque Area Chamber of Commerce 300 Main St Suite 200 Dubuque IA 52001 420223700 501(C)(3) 6000 Gold Partnership EDC Inc 230 2nd St SE Suite 212 Cedar Rapids IA 52401 421447565 501(C)(3) 10000 EDC) Vitality Englert Theatre 221 E Washington Street Iowa City IA 52240 421508154 501(C)(3) 12500 Strengthen Evolve Figge Art Museum 225 West Second St Davenport IA 52801 426090398 501(C)(3) 7500 Figge Art Support Fight with Flash Foundation 2920 Diamond Mil Cir Corallville IA 52241 475360520 501(C)(3) 10022 Charity Golf Classic Fort Dodge Community Schools Foundation 104 S 17th St Fort Dodge IA 50501 421271458 501(C)(3) 10000 Leader in Me Fort Dodge United Way and Community FDN 24 North 9th Street Suite B Fort Dodge IA 50501 421439853 501(C)(3) 10000 General Support Four Oaks 2100 First Ave NE Cedar Rapids IA 52402 420998726 501(C)(3) 10000 Workforce Develop Genesis Health Services Foundation 1227 East Rusholme St Davenport IA 52803 421421670 501(C)(3) 20000 Flu-Free QC (2020) Genesis Health Services Foundation 1227 East Rusholme St Davenport IA 52803 421421670 501(C)(3) 20000 Flu Free QC (2021) Great Outdoors Foundation 501 SW 7th Street Suite G Des Moines IA 50309 421441098 501(C)(3) 16667 Iowa Water Trails Greater Poweshiek Community FDNTiger Football 1510 Penrose St Grinnell IA 50112 421298055 501(C)(3) 10000 TT Cranny Fund Grow Cedar Valley 360 Westfield Ave Suite 200 Waterloo IA 50701 421241941 501(C)(6) 5500 Diversity Inclusion Hand-in-Hand 3860 Middle Road Bettendorf IA 52722 421508508 501(C)(3) 12500 Hand in Hand Transp. Heritage Christian School 855 Hackberry St North Liberty IA 52317 421386017 501(C)(3) 6605 Give & Grow Match Holy Family Catholic Schools 2005 Kane Street Dubuque IA 52001 420792429 501(C)(3) 16667 Platform for Excellence Capital Campaign Holy Family Catholic Schools 2005 Kane Street Dubuque IA 52001 420792429 501(C)(3) 7500 CoC Biz Sponsor Housing Trust Fund of Linn County 700 N 16th Street NE Suite 301 Cedar Rapids IA 52402 208890152 501(C)(3) 15000 Housing Humility Homes & Services 519 Fillmore St Davenport IA 52802 010916973 501(C)(3) 20000 General Support ICCSD Foundation 1725 North Dodge St Iowa City IA 52245 421177023 501(C)(3) 25000 Grow Our Own ICCSD Foundation 1725 North Dodge St Iowa City IA 52245 421177023 501(C)(3) 83333 School of the Wild ICCSD Foundation 1725 North Dodge St Iowa City IA 52245 421177023 501(C)(3) 15000 Give & Grow Match Inclusive Cultural University 3775 EP True Pkwy Suite 169 West Des Moines IA 50265 25000 Consciousness - IA City Iowa Center for Economic Success 2210 GRAND AVENUE Des Moines IA 50312 201037604 501(C)(3) 10000 Econ Success Center Iowa Children's Museum 1451 Coral Ridge AVE Corallville IA 52241 421461422 501(C)(3) 30000 Playing to Learn Iowa City Catholic Worker House 1414 Sycamore Street Iowa City IA 52240 421508117 IOWA CITY 10000 Refugee B&B Hospitality Iowa City Downtown District 103 E College St 200 Iowa City IA 52240 421376887 501(C)(6) 8500 Holiday Pop-Up Iowa City Downtown District 103 E College St 200 Iowa City IA 52240 421376887 501(C)(6) 6000 DT Block Party Iowa City Downtown District 103 E College St 200 Iowa City IA 52240 421376887 501(C)(6) 15000 Mural Project Iowa City Parks and Recreation 410 East Washington St Iowa City IA 52240 426004805 IOWA CITY 5750 Music/Taste of MKT Iowa Migrant Movement for Justice 2024 Forest Ave Suite 101 PO Box 41006 Des Moines IA 50311 850869579 501(C)(3) 10000 MMJ Clinic Support Johnson County Housing Trust Fund 26 E Market Street Room 123 Iowa City IA 52245 010764462 501(C)(3) 30000 Afford House PGRM Junior Achievement of Eastern Iowa 324 3rd St SE Suite 300 Cedar Rapids IA 52401 420919209 501(C)(3) 29978 K-12 Literacy Latino Heritage Festival 4217 University AVE Suite 1 Des Moines IA 50311 542074268 501(C)(3) 15000 Heritage Festival LSI Refugee and Immigrant Services 3125 Cottage Grove Des Moines IA 50311 420698267 501(C)(3) 15000 Corporate Sponsor March of Dimes 3315 Williams Pkwy Suite 2 159 Cedar Rapids IA 52404 131846366 501(C)(3) 10000 March of Dimes IA Marion Independent School FDN & Allum Assoc 777 S 15th Street Marion IA 52302 421343360 501(C)(3) 6150 FASTWorks Golf Night Marion Public Library Foundation 1064 7th Ave Marion IA 523023428 421333563 501(C)(3) 12500 New Library Campaign Matthew 25 201 3rd Ave SW Cedar Rapids IA 52404 260467321 501(C)(3) 25000 Healthy Time Check MercyOne Dubuque Foundation 250 Mercy Dr Dubuque IA 52001 262227941 501(C)(3) 16667 Mercy-One Fund Multicultural Development Center of Iowa 136 S Dubuque St Iowa City IA 52240 843464327 501(C)(3) 10000 Incubate & STEM Nahant Marsh Education Center 4220 Wapello Ave Davenport IA 52802 383667579 501(C)(3) 10000 Connect Protect Grow National Balloon Classic 1601 North Jefferson Indianola IA 50125 510137286 501(C)(3) 7000 NATL Balloon Classic No Foot Too Small 405 Galway Dr Iowa City IA 52246 824301632 501(C)(3) 10000 General Support Oakridge Neighborhood Services 1401 Center St Des Moines IA 50314 421311721 501(C)(3) 25000 Basic Financial Educ. Polk County Housing Trust Fund 505 Fifth AVE Suite 1000 Des Moines IA 50309 421510879 501(C)(3) 15000 Stable Steady Strong Refugee and Immigrant Association 1427 WINCHELL DR NE Cedar Rapids IA 52402 810920164 501(C)(3) 8500 Refugee Transp. PGRM Regina Foundation 2140 Rochester Ave Iowa City IA 52240 510158837 501(C)(3) 20000 BLDG Cap. Campaign Regina FDNRegina Catholic Education CTR 2140 Rochester Ave Iowa City IA 52245 510158837 501(C)(3) 13000 Annual Fund Proposal Saint Edmond Catholic Schools 2220 4th Ave N Fort Dodge IA 50501 262935041 501(C)(3) 7500 Give & Grow Match Special Olympics Iowa 551 SE Dovetail Rd PO Box 620 Grimes IA 50111 520889518 501(C)(3) 25000 Special Olympics State University of Iowa Foundation One West Park Rd PO Box 4550 Iowa City IA 522444550 420796760 501(C)(3) 10000 Performing Arts SZN Summer of the Arts Inc 319 E 1st St Iowa City IA 52240 421412706 501(C)(3) 30000 Jazz On The Move Tanager Place 2309 C St SW Cedar Rapids IA 52404 420688079 501(C)(3) 8333 Camp Tanager Expand Tanager Place 2309 C St SW Cedar Rapids IA 52404 420688079 501(C)(3) 30000 Equity Fund Theatre Cedar Rapids 102 3rd St SE Cedar Rapids IA 52401 426018183 501(C)(3) 7500 TCR Out of Doors Think Iowa City 900 1st Avenue Hayden Fry Way Corallville IA 52241 421203842 501(C)(3) 7500 FRYfest Trees Forever 80 W 8th Ave Marion IA 52302 421419181 501(C)(3) 33333 Grow Green Trinity Foundation 802 Kenyon Road Fort Dodge IA 50501 421222381 501(C)(3) 10000 Radiating Hope United Way of Central Iowa 1111 Ninth Street Suite 100 Des Moines IA 50314 420680425 501(C)(3) 30000 General Support United Way of Dubuque Area Tri-States 215 W 6th St Dubuque IA 52001 420761060 501(C)(3) 10000 General Support United Way of East Central Iowa 317 7th Ave Se Ste 401 Cedar Rapids IA 524012007 420861239 501(C)(3) 30000 General Support United Way of Johnson & Washington Counties 1150 5th Street Suite 290 Corallville IA 52241 426062055 501(C)(3) 30000 General Support United Way of the Quad Cities Area 852 Middle Road Suite 401 Bettendorf IA 52722 362725960 501(C)(3) 10000 General Support University of Northern Iowa Foundation 204 Commons Cedar Falls IA 50613 426058591 501(C)(3) 6000 UNI Athletic Assist University of Northern Iowa Foundation 204 Commons Cedar Falls IA 50613 426058591 501(C)(3) 30000 UNI Literacy Fund Variety - the Children's Charity 505 5th Avenue Suite 310 Des Moines IA 50309 426077108 501(C)(3) 30000 Multiple Events Waterloo Schools Foundation PO Box 1896 Waterloo IA 50704 421364293 501(C)(3) 6000 Annual Sponsor PGRM Waukee Schools Foundation 560 SE University Ave Waukee IA 50263 421461516 501(C)(3) 10000 FDN Sponsor - All Waypoint Foundation 318 5th Street SE Cedar Rapids IA 52401 420680307 501(C)(3) 15000 Capital Campaign West Des Moines Parks & Recreation 4200 Mills Civic Parkway West Des Moines IA 50265 426005359 501(C)(3) 30000 MidAmerican RecPlex Willowwind School 950 Dover St Iowa City IA 52245 237411810 501(C)(3) 5750 Give & Grow Match Winefest Des Moines 1011 Locust Street Suite 301 DSM IA 50309 020627578 501(C)(3) 10000 IA Lawn Party Zach Johnson Foundation PO Box 2336 Cedar Rapids IA 52406 272683100 501(C)(3) 15000 ZJ FDN Classic 89 10 PART I, LINE 2: GREENSTATE CREDIT UNION ISSUES ALL GRANT FUNDS DIRECTLY TO THE RECIPIENT ORGANIZATION FOR USE AT THEIR DISCRETION. X true true X X X X false false false JEFFREY A DISTERHOFT PRESIDENT & CEO 845595 452546 12000 45500 0 9170 0 1364811 0 0 0 MARSHA L WOLFF CHIEF HR & INFORMATION OFFICER 433176 176113 0 24750 0 9443 0 643482 0 0 0 TODD D FANNING EVP & CHIEF FINANCIAL OFFICER 370894 163072 0 26000 0 5014 0 564980 0 0 0 AMY K HENDERSON CHIEF CONSUMER SERVICE OFFICER 338188 152808 7200 29220 0 6900 0 534316 0 0 0 KATHERINE B COURTNEY CHIEF OPERATING OFFICER 331702 135553 0 39000 0 68 0 506323 0 0 0 SAMANTHA R MCSORLEY CHIEF COMMERCIAL OFFICER 211949 227910 0 0 0 41 0 439900 0 0 0 JAMES F KELLY CHIEF MARKETING OFFICER 286719 124983 0 26000 0 7209 0 444911 0 0 0 RYAN M DOEHRMANN CHIEF MORTGAGE OFFICER 234616 66500 0 19500 0 9670 0 330286 0 0 0 FELISHA A JUNGE MORTGAGE LOAN OFFICER 52000 990551 0 0 0 6841 0 1049392 0 0 0 PETER D JOHNSON MORTGAGE LOAN OFFICER 52000 781256 0 19500 0 9421 0 862177 0 0 0 MICHAEL R WARD MORTGAGE LOAN OFFICER 52000 694121 0 19500 0 6543 0 772164 0 0 0 SCOTT R LANGENBERG MORTGAGE LOAN OFFICER 52000 648845 0 0 0 8283 0 709128 0 0 0 MATTHEW E FRASCHT MORTGAGE LOAN OFFICER 52000 567757 0 13003 0 6900 0 639660 0 0 0 PART I, LINE 1A IN TAX YEAR 2021, GREENSTATE CREDIT UNION PROVIDED CLUB DUES TO JEFFREY A. DISTERHOFT. THE AMOUNT IS INCLUDED IN REPORTABLE COMPENSATION IN PART VII AND SCHEDULE J. JEFFREY DISTERHOFT OFFICER SPILIT DOLLAR LIFE X 14643612 16779797 false true true 16779797 FORM 990, PART VI, SECTION A, LINE 6: GREENSTATE CREDIT UNION DOES HAVE MEMBERS AS SPECIFIED BY THEIR BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A: THE MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP. MEMBERS MAY VOTE ELECTRONICALLY OR IN PERSON AT THE ANNUAL MEETING EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B: THERE ARE FIVE SITUATIONS FOR STATE CHARTERED CREDIT UNIONS IN IOWA IN WHICH MEMBERSHIP VOTE IS REQUIRED FOR APPROVAL: CHARTER CONVERSION, VOLUNTARY DISSOLUTION, AMENDING OR REVERSING AN ACT OF THE BOARD OF DIRECTORS, MERGERS, AND THE REMOVAL OR REINSTATEMENT OF AN OFFICER, DIRECTOR, OR MEMBER OF THE AUDITING COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B: THE ORGANIZATION'S GOVERNING BODY IS PROVIDED AN ELECTRONIC COPY OF THE FORM 990 PRIOR TO FILING. THE FORM 990 WILL BE REVIEWED BY THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION B, LINE 12C: A DIRECTOR SHALL PROMPTLY DISCLOSE TO THE BOARD ANY KNOWN INTEREST, RELATIONSHIP OR RESPONSIBILITY (FINANCIAL, PROFESSIONAL OR OTHERWISE) HELD BY THE DIRECTOR, ANY MEMBER OF HIS OR HER IMMEDIATE FAMILY, OR ANY OF HIS OR HER BUSINESS ASSOCIATES WITH RESPECT TO ANY POTENTIAL OR ACTUAL TRANSACTION, AGREEMENT OR OTHER MATTER WHICH IS OR MAY BE PRESENTED TO THE BOARD FOR CONSIDERATION, EVEN IF SUCH INTEREST, RELATIONSHIP OR RESPONSIBILITY HAS OTHERWISE GENERALLY BEEN DISCLOSED TO THE BOARD. IN ADDITION, DIRECTORS MUST DISCLOSE INFORMATION REGARDING THEIR FINANCIAL INTERESTS IN ORGANIZATIONS DOING BUSINESS WITH THE CREDIT UNION. THE CONFLICT OF INTEREST STATEMENT IS REQUIRED TO BE COMPLETED ANNUALLY. FOR ANY POTENTIAL CONFLICT, THE BOARD, WITH THE ABSTENTION OF THE INTERESTED DIRECTOR, MAY DECIDE WHETHER SUCH DIRECTOR MAY PARTICIPATE IN ANY REPORTING, DISCUSSION OR VOTE ON THE ISSUE THAT GAVE RISE TO THE POTENTIAL CONFLICT. THE BOARD SHALL WITHHOLD ANY INFORMATION ON SUCH ISSUES FROM THE BOARD MATERIALS DISTRIBUTED TO THE APPLICABLE DIRECTOR AND TAKE ALL SUCH OTHER ACTION NECESSARY TO EFFECTUATE THIS POLICY. IF A MAJORITY OF THE DIRECTORS WHO HAVE NO DIRECT OR INDIRECT INTEREST IN THE TRANSACTION VOTE TO AUTHORIZE, APPROVE, OR RATIFY THE TRANSACTION, A QUORUM IS PRESENT FOR THE PURPOSE OF TAKING SUCH ACTION. ANY DIRECTOR WITH SUCH AN INTEREST, RELATIONSHIP OR RESPONSIBILITY WHICH CONFLICTS OR POTENTIALLY CONFLICTS WITH THE INTEREST OF THE CREDIT UNION, SHALL RECUSE HIMSELF OR HERSELF FROM ANY REPORTING, DISCUSSIONS AND VOTE ON THE ISSUE THAT GAVE RISE TO THE CONFLICT AND, IF NECESSARY, FROM THE BOARD MEETING, OR APPLICABLE PART THEREOF. FORM 990, PART VI, SECTION B, LINE 15: THE COMPENSATION COMMITTEE IS APPOINTED BY GREENSTATE CREDIT UNION'S (GS) BOARD OF DIRECTORS (THE "BOARD") TO DISCHARGE THE BOARD'S RESPONSIBILITIES RELATING TO COMPENSATION OF THE CREDIT UNION'S PRESIDENT/CEO, JEFFREY A. DISTERHOFT. THE COMMITTEE HAS OVERALL RESPONSIBILITY FOR APPROVING AND EVALUATING THE PRESIDENT/CEO COMPENSATION, BENEFIT AND PERQUISITE PLANS, POLICIES AND PROGRAMS OF THE CREDIT UNION. THE COMPENSATION COMMITTEE IS ALSO RESPONSIBLE FOR PRODUCING AN ANNUAL REPORT ON EXECUTIVE COMPENSATION FOR REVIEW BY THE ENTIRE BOARD. THE COMPENSATION COMMITTEE SHALL CONSIST OF THREE TO FOUR MEMBERS OF THE BOARD. THE BOARD WILL DESIGNATE ONE MEMBER OF THE COMPENSATION COMMITTEE AS ITS CHAIRPERSON. THE COMPENSATION COMMITTEE SHALL HAVE THE AUTHORITY TO RETAIN AND TERMINATE ANY COMPENSATION CONSULTANT ASSISTING IN THE COMPENSATION EVALUATION OF THE PRESIDENT/CEO AND SHALL HAVE AUTHORITY TO APPROVE THE CONSULTANT'S FEES AND OTHER RETENTION TERMS. THE COMPENSATION COMMITTEE SHALL ALSO HAVE AUTHORITY TO OBTAIN ADVICE AND ASSISTANCE FROM INTERNAL OR EXTERNAL LEGAL, ACCOUNTING OR OTHER ADVISORS. TOP MANAGEMENT TEAM MEMBERS' COMPENSATION LEVELS ARE DETERMINED BY THE CEO USING THE SAME METHODOLOGY USED BY OTHER SUPERVISORS AT THE CREDIT UNION - TO ENSURE THAT EMPLOYEE REVIEWS ARE PROPERLY CONDUCTED IN A TIMELY MANNER, AND PAY RATES ARE PROPERLY AUTHORIZED BY THE APPROPRIATE MANAGEMENT. PROCEDURES FOR DETERMINING HOURLY PAY ARE REVIEWED AND DETERMINED BY THE HUMAN RESOURCE EXECUTIVE. A SALARY ADMINISTRATION PLAN AND JOB POSITION SCORING SYSTEM IS USED BY THE CREDIT UNION. SUPERVISORS REVIEW AND UPDATE JOB DESCRIPTIONS EVERY TWO YEARS OR MORE FREQUENTLY AS JOB RESPONSIBILITIES CHANGE OR NEW POSITIONS ARE CREATED. POSITIONS ARE SCORED AND ANNUALLY UPDATED TO REFLECT THE LABOR MARKET BOTH GEOGRAPHICALLY AND INDUSTRY WIDE TO ENSURE RANGES ARE INTERNALLY CONSISTENT, EXTERNALLY COMPETITIVE AND RESPONSIVE TO CHANGES IN ECONOMIC CONDITIONS. THE SALARY SCALE FOR EACH POSITION HAS A MINIMUM, MIDPOINT, AND MAXIMUM SALARY. THE CREDIT UNION'S BASE SALARY LEVELS ARE TARGETED AT OR ABOVE MARKET LEVELS, SO THEY CAN BEST ATTRACT AND RETAIN THE HIGHEST QUALITY EMPLOYEES. THE CREDIT UNION ADJUSTS ITS SALARY SCALE YEARLY FOR EACH POSITION SO THAT THE MIDPOINT OF EACH RANGE, WHEN COMBINED WITH INCENTIVE OPPORTUNITIES, APPROXIMATES 75% COMPENSATION FOR THE POSITION. TOP MANAGEMENT OFFICIALS INCLUDE: TODD FANNING, EVP/CFO; AMY HENDERSON, EVP/CHIEF CONSUMER SERVICES; MARSHA WOLFF, EVP/CHIEF HR & IT OFFICER; KATHERINE COURTNEY, EVP/CHIEF OPERATIONS OFFICER; JAMES KELLY, EVP/CHIEF MARKETING OFFICER; SAMANTHA MCSORLEY, EVP/CHIEF COMMERCIAL OFFICER; RYAN DOEHRMANN, EVP/CHIEF MORTGAGE OFFICER; PAT JACOB, SVP/CORPORATE OVERSIGHT/COMPLIANCE & RISK. THE PROCESS TAKES PLACE ANNUALLY AND WAS LAST PERFORMED IN NOVEMBER, 2021. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE (WWW.GREENSTATE.ORG). FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. 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