2021-11-15T14:13:17-06:00 2020-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2020-01-01 840500890 PREMIER MEMBERS CREDIT UNION PREM 3036577592 360 INTERLOCKEN BLVD BROOMFIELD CO 80021 CARLOS PACHECO PRESIDENT/CEO 3036577592 2021-11-13 1 CARLOS PACHECO 999009999 JACK C TRACY P01974742 2482443000 2021-11-13 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z X CARLOS PACHECO 360 INTERLOCKEN BLVD BROOMFIELD CO 80021 62647280 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. 13 13 368 14 46407 31734 0 0 54013550 53710421 5180573 3042133 1597890 5815775 60792013 62568329 0 0 9209174 6786147 21159131 23159768 0 0 0 20575048 25252105 50943353 55198020 9848660 7370309 1241180693 1431197414 1099294078 1279960381 141886615 151237033 X 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. 1 0 PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS IF 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 40629 0 1 368 1 1 1 0 0 0 0 0 0 0 X 13 13 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 24417 0 0 LYNEL VALLIER VICE CHAIRPERSON 2.00 X 24792 0 0 HARVEY A KAMIONKA TREASURER 2.00 X 24292 0 0 JIM CLEMMER CO-TREASURER 2.00 X 24000 0 0 MICHAEL MYERS SECRETARY 2.00 X 24000 0 0 KEN BLACK CO-SECRETARY 2.00 X 24000 0 0 JIM ELLIS DIRECTOR 2.00 X 24000 0 0 BRIAN GISI DIRECTOR 2.00 X 24000 0 0 ELAINE HUTCHINGS DIRECTOR 2.00 X 24000 0 0 PETER JANSKY DIRECTOR 2.00 X 24000 0 0 HARVEY E KAMIONKA DIRECTOR 2.00 X 24000 0 0 WAYNE TURNACLIFF DIRECTOR 2.00 X 24000 0 0 JOANNE TILLEY DIRECTOR 2.00 X 24000 0 0 JANET BEAVER EMERITUS DIRECTOR 2.00 X 10000 0 0 CARLOS PACHECO PRESIDENT/CEO 40.00 X 717409 0 40892 MARK WIETE CHIEF FINANCIAL OFFICER 40.00 X 731178 0 38319 BRIAN RESCH CHIEF ADMINISTRATION OFFICER 40.00 X 243511 0 50892 MATT RARDEN CHIEF OPERATING OFFICER 40.00 X 166000 0 22211 LINDSAY SANDHAM CHIEF LENDING OFFICER 40.00 X 189381 0 39844 MARK ROWAN CHIEF INFORMATION OFFICER 40.00 X 194224 0 33540 JASON BAUER CHIEF MARKETING OFFICER 40.00 X 170309 0 41754 CLAIRE LINDLEY VP FINANCE 40.00 X 159412 0 17497 JEREMY MOYER MORTGAGE LOAN SALES MANAGER 40.00 X 636038 0 7179 DANIELLE DECAMILLIS VP MORTGAGES 40.00 X 172358 0 18820 MIRYAM CASTRO MORTGAGE LOAN OFFICER 40.00 X 263731 0 25508 RYAN CYNOSKI MORTGAGE LOAN OFFICER 40.00 X 222597 0 26669 MICHAEL CLARK MORTGAGE LOAN OFFICER 40.00 X 234530 0 23376 CAROL CHEH MORTGAGE LOAN OFFICER 40.00 X 193748 0 31059 CHARLES EMANUEL VP ACCOUNTING 40.00 X 137008 0 13442 4754935 0 431002 26 0 1 0 EXPLORE COMMUNICATIONS 3213 ZUNI ST DENVER CO 80211 MARKETING 1482233 CO-OP 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 CARD PROCESSOR 963675 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 SOFTWARE 725409 FISERV PO BOX 208457 DALLAS TX 75320 SOFTWARE 677814 THE NEENAN COMPANY LLLP 3325 S TIMBERLINE 100 FT COLLINS CO 80525 CONSTRUCTION 416758 36 INTEREST ON LOANS FROM MEMBERS 522100 42508689 42508689 FEES, CHARGES, & OTHERS 522100 11155325 11155325 FINANCE & INSURANCE 520000 46407 46407 53710421 3042133 3042133 213010 78951 134059 134059 134059 GAIN ON LOAN SALES 522100 2748333 2748333 MISCELLANEOUS INCOME 522100 2449416 2449416 CUOLI GAIN 522100 376467 376467 107500 107500 5681716 62568329 53798073 46407 8723849 X 6786147 4014269 15178571 -482814 3000352 1449390 81662 216935 440831 2355256 3817362 2578137 23390 138308 681902 124387 2745078 145766 PROVISION FOR LOAN LOSS 7205230 LOAN SERVICING 1294182 ONLINE BANKING 1046044 CO-OP EXPENSE 963675 1393960 55198020 4359899 6076220 122027013 182582313 5654167 10982772 908273547 971766409 827659 1280973 45593183 11586236 31667278 34006947 106070987 162457866 6530885 13648984 5756221 4676930 50013037 43718000 1241180693 1431197414 16629673 16088683 30000000 46000000 1052664405 1217871698 1099294078 1279960381 X 0 0 0 0 141886615 151237033 141886615 151237033 1241180693 1431197414 X 7370309 1339211 640898 X X 0 1 X 1 0 10691443 10691443 26712517 5742691 20969826 334770 10096 324674 7854453 5833449 2021004 34006947 MEMBER SHARE AND SAVINGS ACCOUNTS 1217871698 1217871698 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 1 1 0 MARK WIETE CHIEF FINANCIAL OFFICER 703624 0 27554 0 0 0 13427 0 24892 0 769497 0 0 0 CARLOS PACHECO PRESIDENT/CEO 518209 0 199200 0 0 0 16000 0 24892 0 758301 0 0 0 JEREMY MOYER MORTGAGE LOAN SALES MANAGER 68674 0 567364 0 0 0 0 0 7179 0 643217 0 0 0 BRIAN RESCH CHIEF ADMINISTRATION OFFICER 221134 0 22377 0 0 0 26000 0 24892 0 294403 0 0 0 MIRYAM CASTRO MORTGAGE LOAN OFFICER 29780 0 233951 0 0 0 9753 0 15755 0 289239 0 0 0 MICHAEL CLARK MORTGAGE LOAN OFFICER 32664 0 201866 0 0 0 23376 0 0 0 257906 0 0 0 RYAN CYNOSKI MORTGAGE LOAN OFFICER 20564 0 202033 0 0 0 1777 0 24892 0 249266 0 0 0 LINDSAY SANDHAM CHIEF LENDING OFFICER 169780 0 19601 0 0 0 25000 0 14844 0 229225 0 0 0 MARK ROWAN CHIEF INFORMATION OFFICER 175800 0 18424 0 0 0 17785 0 15755 0 227764 0 0 0 CAROL CHEH MORTGAGE LOAN OFFICER 31751 0 161997 0 0 0 9854 0 21205 0 224807 0 0 0 JASON BAUER CHIEF MARKETING OFFICER 154325 0 15984 0 0 0 16862 0 24892 0 212063 0 0 0 DANIELLE DECAMILLIS VP MORTGAGES 103943 0 68415 0 0 0 10418 0 8402 0 191178 0 0 0 MATT RARDEN CHIEF OPERATING OFFICER 146006 0 19994 0 0 0 15909 0 6302 0 188211 0 0 0 CLAIRE LINDLEY VP FINANCE 146732 0 12680 0 0 0 10318 0 7179 0 176909 0 0 0 CHARLES EMANUEL VP ACCOUNTING 125760 0 11248 0 0 0 6263 0 7179 0 150450 0 0 0 PART I, LINES 4A-B LINDSAY SANDHAM RECIEVED CHECK PAYMENT IN THE AMOUNT OF $22,617 DURING 2020. 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 PARTICIPANTS 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 PARTICIPANTS. 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 8159972 0 1 1 RICK ALLEN FORMER CEO TO FUND COLATERAL ASSIGNED SPLIT DOLLAR LIFE INSURANCE X 2822800 2822800 0 1 1 10982772 FORM 990, PART III, LINE 2 THE CREDIT UNION BEGAN ORIGINATING SBA PAYCHECK PROTECTION LOANS DURING 2020. 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 THE CREDIT UNION BEGAN ORIGINATING SBA PAYCHECK PROTECTION LOANS DURING 2020. 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. 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 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 IX, LINE 11G OTHER 440,831. FORM 990, PART IX, LINE 24E VISA EXPENSE 594,654. SHARED BRANCHING 325,254. MISCELLANEOUS 280,738. HUMAN RESOURCES 142,460. DEBIT/CREDIT CARD EXPENSE 50,854. FORM 990, PART XI, LINE 9: ACQUISITION OF PUEBLO HORIZONS 640,898. 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 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0