2020-07-14T08:57:49-05:00 2019-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 66061 990 2019-01-01 480625190 AZURA CREDIT UNION AZUR 7852335556 610 SW 10TH AVENUE TOPEKA KS 666121673 GREG WINKLER PRESIDENT/CEO 7852335556 2020-07-14 1 GERALD TENBRINK P00638199 9138946214 2020-07-07 97.87.82.114 2020-07-14 08:57:31 CD P 90B5988E53CBDDD12AFD5F67CACC6EB659604036 90B5988E53CBDDD12AFD5F67CACC6EB659604036 2019 2021-04-22 16:20:28Z GREG WINKLER 610 SW 10TH AVENUE TOPEKA KS 666121673 29772858 0 X WWW.AZURACU.COM X 1974 KS AZURA IS ENHANCING LIVES BY DELIVERING INNOVATIVE FINANCIAL SERVICE, EDUCATION, AND VALUE. 9 9 204 14 168981 0 0 0 23499480 26057430 2443867 2675540 32283 35802 25975630 28768772 11426 15456 0 0 9161735 9897904 0 0 0 12970594 15179804 22143755 25093164 3831875 3675608 481919271 527290156 427332391 468061978 54586880 59228178 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 52,980 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2019, THERE WERE 29,449 LOANS OUTSTANDING TOTALING $370,015,524. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $3,930,409 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 0 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 16440 0 1 204 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 1 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 0 1 1 X DAVID LINDERMAN 7852335556 610 SW 10TH AVENUE TOPEKA KS 666121673 JIM FROWNFELTER CHAIRMAN 2.00 X 0 0 0 BOBB COLLIE 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 BRAD DEITER 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 291755 0 50212 LISA BROWN SVP-ADMINISTRATION/CAO 40.00 X 160684 0 26010 BRENTT MOON SVP-OPERATIONS & INFO SYSTEMS/CIO 40.00 X 149784 0 35084 EVAN BOUNOUS SENIOR NETWORK ENGINEER/ISO 40.00 X 137806 0 31438 JANICE DAVIS VP-LENDING 40.00 X 113065 0 34827 DAVID LINDERMAN VP-FINANCE/ACCOUNTING 40.00 X 101309 0 15945 MARY MUNGER VP-MEMBER SERVICE 40.00 X 100101 0 29404 1054504 0 222920 7 0 1 0 CUSTOM SHEETMETAL & ROOFING INC 828 NW BUCHANAN ST TOPEKA KS 66608 ROOF REPLACEMENT, HVAC UPGRADES, REPAIRS 107071 1 INTEREST ON LOANS 522100 17793069 17793069 FEES & OTHER INCOME 522100 8095380 8095380 NON-MEMBER REVENUE 522100 113656 113656 WARRANTY SALES & OTHER INSURANCE 524298 53206 53206 OTHER 900099 2119 2119 26057430 2674806 2674806 35802 35802 1004820 1004086 734 734 734 28768772 28599791 168981 0 15456 713529 7294395 474059 843535 572386 5308 157680 6180 263882 871578 3113414 1253465 761311 20408 202110 161162 1205708 127586 MEMBER DIVIDENDS 3930409 PROVISION FOR LOAN LOSS 1983081 LOAN SERVICING 987820 ASSOCIATION DUES 64592 64110 25093164 3674434 4380232 10838113 33758385 152604 180296 4050000 4061260 352506443 367982107 613861 877804 15434760 5917137 10035098 9517623 86588737 92149583 13459981 14382866 481919271 527290156 5277246 5744390 10000000 412055145 462317588 427332391 468061978 X 0 0 0 0 54586880 59228178 54586880 59228178 481919271 527290156 X 3675608 482686 483004 X 0 1 X 0 0 2500 2500 2500 1 CREDIT UNION PAC OF KANSAS 901 SW TOPEKA BLVD TOPEKA KS 66612 480288307 2500 PART I-A, LINE 1: CONTRIBUTIONS TO THE CREDIT UNION PAC OF KANSAS 2153879 2153879 9063904 2681234 6382670 524030 515485 8545 3692947 2720418 972529 9517623 HTM-FED AGENCY SEC 9000000 C AFS-MORTGAGE BACKED/CMO 65943007 F AFS-FED AGENCY SEC 3973600 F HTM-MORTGAGE BACKED/CMO 11587416 C HTM-MUNICIPAL BONDS 1000000 C FHLB CLASS A STOCK 481900 C MEMBERS MORT SVCS, LLC 125924 C CROCO CUSO, LLC 1005 C FHLB CLASS B STOCK 17000 C CULEDGER HEARTLAND, LLC 19731 C 92149583 MEMBER SHARE DEPOSITS 462317588 462317588 X 28768772 0 28768772 0 28768772 25093164 0 25093164 0 25093164 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, 2019. 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 AT DECEMBER 31, 2019. 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 SCHOLARSHIPS 2 2000 TEACHER MINI GRANTS 50 13456 PART I, LINE 2: THE CREDIT UNION AWARDS THE "DIANE WRIGHT MEMORIAL SCHOLARSHIP AND THE "ABOVE AND BEYOND" SCHOLARSHIP" TO STUDENTS WHO WILL BE ATTENDING AN ACCREDITED HIGHER EDUCATION INSTITUTE WITHIN THE STATE OF KANSAS, OR WITHIN 25 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 290557 0 946 0 252 0 27497 0 22715 0 341967 0 0 0 LISA BROWN SVP-ADMINISTRATION/CAO 159466 0 966 0 252 0 15986 0 10024 0 186694 0 0 0 BRENTT MOON SVP-OPERATIONS & INFO SYSTEMS/CIO 148566 0 966 0 252 0 15977 0 19107 0 184868 0 0 0 EVAN BOUNOUS SENIOR NETWORK ENGINEER/ISO 136588 0 966 0 252 0 14172 0 17266 0 169244 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, 2019. GREG WINKLER PRESIDENT/CEO PURCHASE OF CASH VALUE LIFE INSURANCE - NONRECOURSE SPLIT DOLLAR LOAN X 2600000 2607293 0 1 1 LISA BROWN SVP-ADMINISTRATION/CAO PURCHASE OF CASH VALUE LIFE INSURANCE - NONRECOURSE SPLIT DOLLAR LOAN X 800000 802144 0 1 1 BRENTT MOON SVP-OPERATIONS & INFORMATION SYSTEMS/CIO PURCHASE OF CASH VALUE LIFE INSURANCE - NONRECOURSE SPLIT DOLLAR LOAN X 650000 651823 0 1 1 4061260 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 DURING THE YEAR, THE CREDIT UNION EXPANDED MEMBER SERVICES TO INCLUDE ONLINE ACCOUNT OPENING OF LOANS AND SHARES. IN ADDITION, THE ORGANIZATION MERGED WITH KANSAS CITY P&G EMPLOYEES CREDIT UNION AS A RESULT OF THE RELATED PLANT CLOSING ANNOUNCEMENT. FORM 990, PART VI, SECTION A, LINE 4 THE FIELD OF MEMBERSHIP WAS EXPANDED TO INCLUDE MEMBERS OF THE KANSAS CITY P&G EMPLOYEES CREDIT UNION PURSUANT TO THE MERGER EFFECTIVE JUNE 1, 2019. 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 PRESIDENT/CEO AND THE VP OF FINANCE REVIEW AND APPROVE THE FORM 990 BEFORE FILING. THE RETURN IS SUBSEQUENTLY 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 15A 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. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS PURSUANT TO MERGER 483,004. CROCO CUSO LLC 610 SW 10TH AVENUE TOPEKA KS 66612 920192646 CREDIT UNION SERVICE ORGANIZATION (DORMANT) KS 1005