2022-11-15T17:26:22-06:00 2021-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2021-01-01 730564572 TRUE SKY CREDIT UNION TRUE 4056821990 PO BOX 26406 OKLAHOMA CITY OK 731260406 MIKE WORKMAN CFO 4056821990 2022-11-15 1 MIKE WORKMAN 999009999 JEREMY SMITH P02536780 3052328272 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z SEAN CAHILL 10201 S WESTERN AVENUE OKLAHOMA CITY OK 73139 47281663 0 2407 X WWW.TRUESKYCU.ORG X 1946 OK PROVIDING HIGH QUALITY SERVICE TO EMPOWER OUR MEMBERS AND ENRICH THEIR LIVES. 9 9 205 12 367606 0 0 0 24378004 33905533 2105653 2422835 7721893 10953295 34205550 47281663 0 39400 0 0 12746340 16947829 0 0 0 20227419 26159607 32973759 43146836 1231791 4134827 766194191 831301668 704291754 769628186 61902437 61673482 PROVIDING HIGH QUALITY SERVICE TO EMPOWER OUR MEMBERS AND ENRICH THEIR LIVES. 0 0 AT THE CORE OF TRUE SKY CREDIT UNION, IS THE MEMBERSHIP SHARE PROGRAMS. TRUE SKY CU MEMBERS ENJOY A WIDE VARIETY OF SAVINGS PROGRAMS INCLUDING TRADITIONAL SAVINGS ACCOUNTS, SHARE CERTIFICATES (CD'S)-CONSISTING OF FLEXIBLE TERMS THAT MEET THEIR INDIVIDUAL SAVINGS LIFESTYLE; RANGING FROM 3 TO 60 MONTHS, IRAS (TRADITIONAL, ROTH, SEP) CONSISTS OF CERTIFICATES AS WELL AS INDIVIDUAL SHARES, MONEY MARKET SHARE ACCOUNTS THAT PAY A HIGHER INTEREST RATE FOR HIGHER BALANCES AND A REWARDS CHECKING (OPTIMUM CHECKING ACCOUNT) THAT PAYS A HIGHLY COMPETITIVE RATE ON BALANCES UP TO $40,000 IF CERTAIN REQUIREMENTS ARE MET. EACH MEMBER INVESTS $5 IN TRUE SKY CREDIT UNION WITH THEIR MEMBERSHIP SHARE. THIS $5 MEMBERSHIP SHARE GUARANTEES THAT EACH MEMBER HAS THE SAME VOICE IN THE LEADERSHIP OF THE CREDIT UNION BY ONE MEMBER - ONE VOTE. IN ADDITION TO OFFERING A WIDE VARIETY OF MEMBER SAVING PRODUCTS, TRUE SKY CREDIT UNION HAS DEVELOPED VENDOR RELATIONSHIPS THAT ASSIST US IN THE DAY TO DAY OPERATIONS OF THE CREDIT UNION. THIS SUPPORT IS VITAL TO TRUE SKY CU WHICH ALLOWS US TO OFFER 24 HOUR BANKING (INTERNET AND MOBILE BANKING), CREDIT UNION SHARED SERVICE CENTER ACCESS VIA THE COOP NETWORK PLATFORM AND SWITCH FEES, DEBIT CARD PROCESSING (VISA FEES, TRANSACTION FEES, CARD STOCK, ATM FEES) AND DATA PROCESSING FEES (CORE SYSTEM MAINTENANCE-CONNECTIVITY FEES, INCLUDING APIS, INTERFACES, ETC.), AND VARIOUS OTHER VENDOR FEES. THE EXPERTISE OF THE SERVICES PROVIDED BY THESE VENDORS ALLOW TRUE SKY CREDIT UNION TO CONDUCT OUR MEMBER TRANSACTIONS SEAMLESSLY AND EFFICIENTLY. TRUE SKY CREDIT UNION OFFERS A PLETHORA OF LOAN PRODUCTS THAT ARE DESIGNED TO MEET THE INDIVIDUAL NEEDS OF ITS MEMBERSHIP. WHETHER IT BE THE "DREAM HOME", CLASSIC MUSCLE CAR, STORM SHELTER OR USING A CREDIT CARD TO TAKE THE FAMILY TO DISNEYWORLD, TRUE SKY CREDIT UNION IS THEIR FINANCIAL DREAM PROVIDER. SO THAT TRUE SKY CU CAN FINANCE OUR MEMBER'S DREAMS, THERE ARE COSTS ASSOCIATED WITH THESE LOAN PRODUCTS. TRUE SKY CU IS A PROUD PROVIDER OF VISA PRODUCTS AND WITH THIS RELATIONSHIP THERE ARE FRAUD EXPENSES. COMPROMISED CARDS OCCUR ALMOST DAILY. DATA BREACHES PLAGUE THE NEWS HEADLINES AND UNFORTUNATELY THE INSTITUTIONS BEAR THIS FINANCIAL BURDEN. THERE ARE ALSO FEES ASSOCIATED WITH VISA, AS WELL AS TRANSACTION COST, CARD STOCK AND NETWORK COSTS. TO BE COMPETITIVE, TRUE SKY CREDIT UNION DOES OFFER REWARD CREDIT CARDS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 8383 0 1 205 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MIKE WORKMAN 4056821990 10201 S WESTERN AVENUE OKLAHOMA CITY OK 73139 TANYA R CHILDRESS DIRECTOR 1.00 X 0 0 0 JUDY RICHEY CHAIRPERSON 1.00 X 0 0 0 TERRY DAVIDSON TREASURER 1.00 X 0 0 0 LINDA LINDSEY SECRETARY 1.00 X 0 0 0 KEVIN E CARREL DIRECTOR 1.00 X 0 0 0 GREG HILL DIRECTOR 1.00 X 0 0 0 LANCE MAXWELL VICE CHAIRPERSON 1.00 X 0 0 0 SEAN M CAHILL PRESIDENT/CEO 40.00 X 544611 0 37188 LYLE Y MIYAMURA CHIEF FINANCIAL OFFICER 40.00 X 120215 0 4328 THOMAS A MICHAUD VP OF IT 40.00 X 147601 0 12945 TOBY RAGAINI CHIEF INFORMATION OFFICER 40.00 X 190421 0 26160 JULIE GAMBLIN CHIEF ADMINISTRATION OFFIC 40.00 X 258811 0 28311 MICHAEL SHOCKLEY VP OF CONSUMER LENDING 40.00 X 178642 0 18692 CRAIG PAVLICH CHIEF OPERATIONS OFFICER 40.00 X 152518 0 19165 1592819 0 146789 10 0 1 0 GRAHAM CONSTRUCTION 11100 STRATFORD DRIVE SUITE A500 OKLAHOMA CITY OK 73120 CONSTRUCTIONS PROFESSIONAL SERVICES 3613512 NCR CORPORATION 14181 COLLECTIONS CENTER DR CHICAGO IL 60693 ITM PROVIDER 1139943 AT&T PO BOX 105414 ATLANTA GA 30348 COMMUNICATIONS 701773 VISA USA PO BOX 742233 LOS ANGELES CA 90074 CARD PROVIDER 689540 FISERV INC PO BOX 208457 DALLAS TX 75320 CORE PROCESSOR 660437 19 INCOME ON LOANS 522100 29424018 29424018 FEES/CHARGES/OTHER 522100 4113909 4113909 FINANCE AND INSURANCE 520000 367606 367606 33905533 2422835 2422835 OTHER OPERATING INCOME 522100 10953295 10953295 10953295 47281663 46914057 367606 0 39400 706342 12021814 548014 2585314 1086345 1002917 143416 142515 3706968 1245891 3190841 1153991 514781 4978566 2067066 201569 MISCELLANEOUS EXPENSE 3005294 PROVISION FOR LOAN LOSS 2403919 LOAN SERVICING EXPENSE 2108557 POSTAGE & COURIER 293316 43146836 4090267 4475150 16669188 8494071 3126798 1377779 6370574 9434646 550361398 578722492 1506989 835190 51658154 17566421 20158594 34091733 132466108 166769496 1158100 1161900 30286175 25939211 766194191 831301668 13200135 7484308 3354680 -724322 4000000 687736939 758868200 704291754 769628186 X 0 0 0 0 61902437 61673482 61902437 61673482 766194191 831301668 4134827 -4363781 0 X X 0 1 X 1 0 0 1 X 6168514 6168514 27373985 6515898 20858087 1451048 1130769 320279 16356017 9718833 6637184 308590 200921 107669 34091733 REGULAR SHARES 215185329 SHARE DRAFT 172392205 CERTIFICATES OF DEPOSIT 204695731 MONEY MARKET 101524226 IRA CERTIFICATES 26458315 IRA SHARES 10020509 SUB SHARE ACCOUNTS 20082281 BUSINESS SHARES 8509604 758868200 X 47281663 0 47281663 0 47281663 43146836 0 43146836 0 43146836 PART IV, LINE 2B: THE CREDIT UNION SERVICES MORTGAGE LOANS. THAT IS, FUNDS ARE COLLECTED MONTHLY AND REMITTED ANNUALLY BY THE CREDIT UNION FOR MEMBERS' INSURANCE PREMIUMS AND PROPERTY TAXES. PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE (IRC SECTION 501(C)(14)), FROM FEDERAL INCOME TAXES. 1 TRUE SKY CREDIT UNION FOUNDATION INC PO BOX 26406 OKLAHOMA CITY OK 731266406 850516637 501(C)(3) 39400 0 CHARATIBLE DONATION 1 PART I, LINE 2: TRUE SKY CREDIT UNION SPONSORS TRUE SKY FOUNDATION. DONATIONS TO THE ORGANIZATION ARE DISTRIBUTED AT THE DISCRETION OF THE FOUNDATION'S BOARD WHICH IS COMPRISED OF EMPLOYEES OF THE CREDIT UNION. X 1 1 X X X X 0 1 0 SEAN M CAHILL PRESIDENT/CEO 434942 0 109669 0 0 0 19327 0 17861 0 581799 0 0 0 JULIE GAMBLIN CHIEF ADMINISTRATION OFFIC 205543 0 19370 0 33898 0 10625 0 17686 0 287122 0 0 0 TOBY RAGAINI CHIEF INFORMATION OFFICER 165913 0 15650 0 8858 0 8548 0 17612 0 216581 0 0 0 MICHAEL SHOCKLEY VP OF CONSUMER LENDING 139132 0 13500 0 26010 0 7211 0 11481 0 197334 0 0 0 CRAIG PAVLICH CHIEF OPERATIONS OFFICER 145468 0 7050 0 0 0 7500 0 11665 0 171683 0 0 0 THOMAS A MICHAUD VP OF IT 126964 0 6524 0 14113 0 6387 0 6558 0 160546 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS A 457(B) NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN MEMBERS OF EXECUTIVE MANAGEMENT INCLUDING STEVE RASMUSSEN AND GLEN FIELDS. THE CREDIT UNION DOES NOT CONTRIBUTE TO THIS PLAN. NEITHER OF THESE PARTICIPANTS RECEIVED A PAYOUT DURING 2021. SEAN M. CAHILL, JULIE GAMBLIN, AND TOBY RAGAINI PARTICIPATE IN A SPLIT DOLLAR COLLATERAL INSURANCE SUPPLEMENTAL RETIREMENT PLAN. THE LOANS RELATED TO THIS PLAN ARE REPORTED ON SCHEDULE L. SEAN M CAHILL PRESIDENT/CEO COLLATERAL ASSIGNMENT SPLIT DOLLAR X 6681280 6434646 0 1 1 JULIE GAMBLIN CHIEF ADMINISTRATION OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR X 1500000 1500000 0 1 1 TOBY RAGAINI CHIEF INFORMATION OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR X 1500000 1500000 0 1 1 9434646 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B TRUE SKY CREDIT UNION PROVIDES THEIR FINANCIAL INFORMATION TO DOEREN MAYHEW AND RELIES ON THEIR EXPERTISE TO COMPLETE FORM 990. UPON DOEREN MAYHEW'S COMPLETION OF FORM 990, TRUE SKY CU REVIEWS THE RETURN FOR ACCURACY PRIOR TO FILING THE RETURN. A COPY OF THE FORM 990 WILL BE PROVIDED TO THE MEMBERS OF THE BOARD UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C TRUE SKY CREDIT UNION REQUIRES ALL EMPLOYEES TO SIGN THE ANNUAL CODE OF ETHICS DECLARATION, WHICH REQUIRES EMPLOYEES TO DISCLOSE POSSIBLE CONFLICTS OF INTEREST. ANY POTENTIAL VIOLATIONS ARE PURSUED BY INTERNAL AUDITS AND MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15 TRUE SKY CREDIT UNION USES THE COMPEASE STRUCTURED SYSTEM THROUGH HRN PERFORMANCE SOLUTION. EACH POSITION HAS A PAY RANGE WITH LOW, MEDIAN, AND HIGH POSITIONS WITHIN THE RANGE. THE RANGES ARE ADJUSTED BY HRN PERFORMANCE SOLUTION BASED ON LABOR MARKET SPECIFIC PAY DATA FROM OUR REGION. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PUBLISHED QUARTERLY IN THE CALL REPORT. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE MADE AVAILABLE TO OUR MEMBERSHIP UPON REQUEST, HOWEVER, COPIES ARE NOT TO BE MADE. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. TRUE SKY CREDIT UNION FOUNDATION INC PO BOX 26406 OKLAHOMA CITY OK 731266406 850616637 CHARITABLE FOUNDATION OK 501(C)(3) LINE 10 TRUE SKY CREDIT UNION 1 FIRST RATE AUTO LLC PO BOX 26090 OKLAHOMA CITY OK 73126 271009000 SELLING REPOSESSED AUTOS OK RELATED 1150093 614025 0 0 0.33330 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0