2022-10-26T12:10:59-05:00 2021-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2021-01-01 840500890 PREMIER MEMBERS CREDIT UNION PREM 3036577592 360 INTERLOCKEN BLVD BROOMFIELD CO 80021 CARLOS PACHECO PRESIDENT/CEO 3036577592 2022-10-26 1 CARLOS PACHECO 999009999 JACK C TRACY P01974742 2482443000 2022-10-26 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z CARLOS PACHECO 360 INTERLOCKEN BLVD BROOMFIELD CO 80021 57710247 0 X WWW.PMCU.ORG X 1950 CO TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND MAKE LOANS FROM THESE SHARES TO ITS MEMBERS. 12 12 278 16 46623 29000 0 0 53710421 50497546 3042133 3379113 5815775 3757969 62568329 57634628 0 0 6786147 0 23159768 24358975 0 0 0 25252105 25691137 55198020 50050112 7370309 7584516 1431197414 1586159504 1279960381 1431889715 151237033 154269789 TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND MAKE LOANS FROM THESE SHARES TO ITS MEMBERS. 0 0 PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OF THE CREDIT UNION. OVER 77,000 MEMBERS SERVED. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 34585 0 1 278 1 1 1 0 0 0 0 0 0 0 X 12 12 1 0 1 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X MARK WIETE 3036577000 360 INTERLOCKEN BLVD BROOMFIELD CO 80021 MARK GISI CHAIRPERSON 2.00 X 33500 0 0 HARVEY A KAMIONKA VICE CHAIRPERSON 2.00 X 24500 0 0 BRIAN GISI SECRETARY 2.00 X 24000 0 0 KEN BLACK CO-SECRETARY 2.00 X 24000 0 0 MICHAEL MEYERS TREASURER 2.00 X 24000 0 0 PETER JANSKY CO-TREASURER 2.00 X 24000 0 0 JAMES CLEMMER DIRECTOR 2.00 X 24000 0 0 JAMES ELLIS DIRECTOR 2.00 X 24000 0 0 ELAINE HUTCHINGS DIRECTOR 2.00 X 24000 0 0 HARVEY E KAMIONKA DIRECTOR 2.00 X 24000 0 0 JOANNE TILLEY DIRECTOR 2.00 X 24000 0 0 WAYNE TURNACLIFF DIRECTOR 2.00 X 24000 0 0 LYNEL VALLIER DIRECTOR 2.00 X 24250 0 0 CARLOS PACHECO PRESIDENT/CEO 40.00 X 626726 0 37630 MARK WIETE EVP FINANCE & ADMINISTRATION 40.00 X 764817 0 39524 BRIAN RESCH EVP CONSUMER BANKING 40.00 X 283296 0 52539 DANIELLE DECAMILLIS SVP CONSUMER MORTGAGES 40.00 X 219549 0 25542 JASON L BAUER SVP MARKETING 40.00 X 180742 0 44053 CLAIRE LINDLEY VP FINANCE 40.00 X 168841 0 18152 MOYER JEREMY MORTGAGE SALES MANAGER 40.00 X 435353 0 6964 CASTRO MIRYAM C MORTGAGE LOAN OFFICER 40.00 X 197474 0 29962 CYNOSKI RYAN J MORTGAGE LOAN OFFICER 40.00 X 185136 0 32625 CLARK MICHAEL F MORTGAGE LOAN OFFICER 40.00 X 167588 0 16489 CHEH CAROL MORTGAGE LOAN OFFICER 40.00 X 164687 0 28790 3716459 0 332270 29 0 1 0 EXPLORE COMMUNICATIONS 3213 ZUNI ST DENVER CO 80211 MARKETING 1508309 THE NEENAN COMPANY LLLP 3325 S TIMBERLINE STE 100 FORT COLLINS CO 80525 CONSTRUCTION 1382293 ALKAMI TECHNOLOGY DEPT 2223 PO BOX 122223 DALLAS TX 75312 TECHNOLOGY 1073892 DIEBOLD INCORPORATED PO BOX 643543 PITTSBURGH PA 15264 TECHNOLOGY 855340 AD MILLER SERVICES INC 7006 S ALTON WAY BLDG E-100 CENTENNIAL CO 80112 CONSTRUCTION 800529 33 INTEREST ON LOANS FROM MEMBERS 522100 37657114 37657114 FEES, CHARGES, & OTHERS 522100 12793809 12793809 FINANCE & INSURANCE 520000 46623 46623 50497546 3379113 3379113 175084 75619 99465 99465 99465 GAIN ON LOAN SALES 522100 2446366 2446366 MISCELLANEOUS INCOME 522100 675290 675290 CUOLI GAIN 522100 419880 419880 116968 116968 3658504 57634628 53789012 46623 3798993 X 2783661 16500566 617361 2940059 1517328 63400 254334 775728 2507879 4055780 2837620 24086 270952 4790278 127739 2914646 138829 LOAN SERVICING 1887929 PROVISION FOR LOAN LOSS 1347860 ONLINE BANKING 1074516 CO-OP EXPENSE 1058723 1560838 50050112 6076220 6624074 182582313 94304953 10982772 11115078 971766409 1059130366 1280973 1074545 49881068 13482433 34006947 36398635 162457866 317158708 13648984 10948741 4676930 3597638 43718000 45806766 1431197414 1586159504 16088683 16748776 46000000 72545547 1217871698 1342595392 1279960381 1431889715 X 0 0 0 0 151237033 154269789 151237033 154269789 1431197414 1586159504 X 7584516 -4747001 195241 X X 0 1 X 1 0 11191087 11191087 28459632 6466800 21992832 334770 51989 282781 9895579 6963644 2931935 36398635 MEMBER SHARE AND SAVINGS ACCOUNTS 1342595392 1342595392 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE (IRC SECTION 501(C)(14)), FROM FEDERAL AND STATE INCOME TAXES. X 1 1 X X X X 0 1 0 MARK WIETE EVP FINANCE & ADMINISTRATION 715673 0 49144 0 0 0 14270 0 25254 0 804341 0 0 0 CARLOS PACHECO PRESIDENT/CEO 546277 0 80449 0 0 0 15960 0 21670 0 664356 0 0 0 MOYER JEREMY MORTGAGE SALES MANAGER 70000 0 365353 0 0 0 0 0 6964 0 442317 0 0 0 BRIAN RESCH EVP CONSUMER BANKING 242649 0 40647 0 0 0 26000 0 26539 0 335835 0 0 0 DANIELLE DECAMILLIS SVP CONSUMER MORTGAGES 151700 0 67849 0 0 0 16584 0 8958 0 245091 0 0 0 CASTRO MIRYAM C MORTGAGE LOAN OFFICER 36528 0 160946 0 0 0 13978 0 15984 0 227436 0 0 0 JASON L BAUER SVP MARKETING 161030 0 19712 0 0 0 17514 0 26539 0 224795 0 0 0 CYNOSKI RYAN J MORTGAGE LOAN OFFICER 32603 0 152533 0 0 0 7371 0 25254 0 217761 0 0 0 CHEH CAROL MORTGAGE LOAN OFFICER 34920 0 129767 0 0 0 8222 0 20568 0 193477 0 0 0 CLAIRE LINDLEY VP FINANCE 154499 0 14342 0 0 0 10815 0 7337 0 186993 0 0 0 CLARK MICHAEL F MORTGAGE LOAN OFFICER 34379 0 133209 0 0 0 16489 0 0 0 184077 0 0 0 PART I, LINE 4B THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO THE PRESIDENT/CEO, CARLOS PACHECO, THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." AT SPECIFIED TIMES, THE PARTICIPANT MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANT. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST, PLUS KEY-PERSON INSURANCE PROCEEDS. CARLOS PACHECO PRESIDENT/CEO TO FUND COLATERAL ASSIGNED SPLIT DOLLAR LIFE INSURANCE X 8075517 8249513 0 1 1 RICK ALLEN FORMER CEO TO FUND COLATERAL ASSIGNED SPLIT DOLLAR LIFE INSURANCE X 2822800 2865565 0 1 1 11115078 FORM 990, PART VI, SECTION A, LINE 2 MARK GISI, MEMBER OF THE BOARD OF DIRECTORS, AND BRIAN GISI, MEMBER OF THE BOARD OF DIRECTORS, HAVE A FAMILY RELATIONSHIP. HARVEY A. KAMIONKA, MEMBER OF THE BOARD OF DIRECTORS, AND HARVEY E. KAMIONKA, MEMBER OF THE BOARD OF DIRECTORS, ALSO HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 EFFECTIVE DECEMBER 30, 2021, THE CREDIT UNION'S BYLAWS WERE AMENDED TO ACCOMMODATE THE MERGER OF SHAMBHALA CREDIT UNION INTO PREMIER MEMBERS CREDIT UNION. THE BYLAWS WERE AMENDED TO EXPAND OUR FIELD OF MEMBERSHIP TO INCLUDE MEMBERS OF SHAMBHALA CREDIT UNION EFFECTIVE DECEMBER 30, 2021. FORM 990, PART VI, SECTION A, LINE 6 PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF THOSE WHO LIVE OR WORK IN BOULDER, BROOMFIELD, LARIMER, WELD, JEFFERSON, ADAMS, DENVER, DOUGLAS, ARAPAHOE, EL PASO, PUEBLO, AND ELBERT COUNTIES IN COLORADO; THOSE WHO LIVE OR WORK IN THE TOWN OF ESTES PARK, THE TOWN OF GLEN HAVEN, OR THE TOWN OF DRAKE IN COLORADO; THOSE WHO ARE A MEMBER OF AN APPROVED EMPLOYEE, STUDENT, AND VOLUNTEER GROUPS; THOSE WHO CONTRIBUTE TO SELECT CHARITABLE ORGANIZATIONS; AND THOSE WHO ARE MEMBERS OF AN APPROVED COMMON BOND INTEREST GROUP. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, INDIVIDUALS THAT ARE RELATED BY BLOOD, MARRIAGE, OR ADOPTION TO AN ELIGIBLE PERSON ARE ALSO ELIGIBLE. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ANNUALLY ELECT THE BOARD OF DIRECTORS TO SERVE MULTIPLE-YEAR TERMS BY MAILING IN BALLOTS OR VOTING AT AN ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B VARIOUS DECISIONS MADE BY THE BOARD OF DIRECTORS FOR A CREDIT UNION ARE SUBJECT TO APPROVAL BY THE MEMBERS OF THE CREDIT UNION AS SET FORTH IN NCUA RULES AND REGULATIONS AND APPLICABLE STATE REGULATIONS. FORM 990, PART VI, SECTION A, LINE 8B THE CREDIT UNION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE CEO, CFO, VP OF ACCOUNTING, AND AVP OF COMPLIANCE FOR ACCURACY PRIOR TO FILING. ADDITIONALLY, FORM 990 WILL BE MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C AT THE TIME OF HIRE AND AT LEAST ONCE EACH YEAR, ALL EMPLOYEES ARE ASKED TO COMPLETE A WRITTEN ACKNOWLEDGMENT TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. CREDIT UNION VOLUNTEERS ARE SIMILARILY REQUESTED TO DISCLOSE ANY SUCH CONFLICTS OF INTEREST UPON TAKING OFFICE. THE BOARD OF DIRECTORS REVIEWS THE CODE OF CONDUCT POLICY ANNUALLY. INTERNAL AUDIT AUDITS THESE ANNUALLY TO CONFIRM EVERYONE'S ACKNOWLEDGEMENT. FORM 990, PART VI, SECTION B, LINE 15 FOR THE CEO POSITION, THE BOARD CHAIRPERSON ANNUALLY CONDUCTS RESEARCH ON EXECUTIVE COMPENSATION, UTILIZING INDUSTRY DATA FROM ORGANIZATIONS SUCH AS CUES AND D. HILTON. THE BOARD APPROVES THE RECOMMENDED COMPENSATION STRUCTURE FOR THE CEO POSITION. FOR TOP MANAGEMENT COMPENSATION, THE CREDIT UNION UTILIZED BALANCEDCOMP AS AN INDEPENDENT COMPENSATION CONSULTANT, AND ALSO VALIDATES BALANCEDCOMP'S DATA AGAINST INDUSTRY SURVEYS SUCH AS CUES. THIS IS DOCUMENTED IN EACH EMPLOYEE'S PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE FOR REVIEW UPON REQUEST AT THE CREDIT UNION. MONTHLY FINANCIAL STATEMENTS ARE AVAILABLE AND ARE ON DISPLAY AT THE CREDIT UNION. QUARTERLY FINANCIAL DATA IS ACCESSIBLE TO THE PUBLIC AT WWW.NCUA.GOV. FORM 990, PART IX, LINE 24E VISA EXPENSE 736,548. HUMAN RESOURCES 345,819. SHARED BRANCHING 214,331. MISCELLANEOUS 134,741. DEBIT/CREDIT CARD EXPENSE 122,598. UBIT 6,801. FORM 990, PART XI, LINE 9: ACQUISITION OF SHAMBHALA CU 195,241. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FOOTHILLS FINANCIAL SERVICES INC 5505 ARAPAHOE AVENUE BOULDER CO 80303 840571011 INVESTMENT SERVICES CO PREMIER MEMBERS CREDIT UNION C 11893 9155 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0