2020-11-16T08:39:28-06:00 2019-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 66061 990 2019-01-01 430739854 VANTAGE CREDIT UNION VANT 3142980055 19 RESEARCH PARK COURT ST CHARLES MO 633045616 DOUGLAS E RUCKMAN CHIEF FINANCIAL OFFICER 3142980055 2020-11-16 1 GERALD TENBRINK P00638199 9138946214 2020-11-10 97.87.82.114 2020-11-16 08:39:10 CS P 90B5988E53CBDDD12AFD5F67CACC6EB659604036 90B5988E53CBDDD12AFD5F67CACC6EB659604036 2019 2022-01-07 14:23:13Z ERIC V ACREE 19 RESEARCH PARK COURT ST CHARLES MO 633045616 89292898 0 X WWW.VCU.COM X 1957 MO ENHANCING YOUR LIFE, STRENGTHENING OUR COMMUNITY 7 7 340 10 617345 0 2500 0 46014616 43518771 10266960 8068554 139635 132565 56423711 51719890 10000 9000 0 0 20828795 21785725 0 0 0 29690038 27023587 50528833 48818312 5894878 2901578 849218056 876362450 780666591 808319562 68551465 68042888 X ENHANCING YOUR LIFE, STRENGTHENING OUR COMMUNITY 1 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 78,635 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2019, THERE WERE 43,340 LOANS OUTSTANDING TOTALING $467,004,324. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $5,429,850 FOR THE YEAR. 0 0 1 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 20410 0 1 340 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 0 0 0 X DOUGLAS E RUCKMAN 3142980055 19 RESEARCH PARK COURT ST CHARLES MO 633045616 DR JERRY EICHHOLZ CHAIRMAN 1.00 X 0 0 0 DANIEL ISOM VICE CHAIRMAN 1.00 X 0 0 0 MARK RUDOLPH SECRETARY/TREASURER 1.00 X 0 0 0 DR WILLIAM SOLOMON DIRECTOR 1.00 X 0 0 0 CHITONYA MARTIN DIRECTOR 1.00 X 0 0 0 DR BARBARA EVANS-CUNNINGHAM DIRECTOR 1.00 X 0 0 0 DAN DOLAN DIRECTOR 1.00 X 0 0 0 ERIC V ACREE PRESIDENT & CEO 40.00 X 488212 0 74618 DOUGLAS E RUCKMAN CHIEF FINANCIAL OFFICER 40.00 X 273304 0 46273 JOHN M HOPKINS CHIEF RISK OFFICER 40.00 X 233185 0 51732 JERRY E BECKLEY II CHIEF TECHNOLOGY OFFICER 40.00 X 216247 0 63461 KATHLEEN J PALMER CHIEF MEMBER EXPERIENCE OFFICER 40.00 X 189574 0 46775 MICHAEL WILSON CHIEF LENDING OFFICER 40.00 X 233485 0 29123 MICHAEL R GATRELL PRESIDENT, CUSO OPERATIONS 40.00 X 182508 0 42915 JAMES M COCHRAN VICE PRESIDENT, RETAIL EXPERIENCE 40.00 X 147183 0 26235 CARLOS D GILES DIRECTOR, IT INFRASTRUCTURE 40.00 X 125979 0 35680 MOHAMED SAMI DIRECTOR, DEVELOPMENT 40.00 X 120375 0 41395 MICHAEL JONES DIRECTOR, APPLICATIONS SUPPORT 40.00 X 102260 0 45927 AMANDA BARCLIFF ISG FINANCIAL CONSULTANT 40.00 X 134561 0 20847 MATTHEW KENNON MORTGAGE LOAN ORIGINATOR 40.00 X 120590 0 22659 2567463 0 547640 13 0 1 0 MCKNIGHT INVESTORS LLC 9200 OLIVE BLVD 200 OLIVETTE MO 63132 PROPERTY MGMT - RENT 312037 PROGRESS SOFTWARE CORPORATION PO BOX 5828 BOSTON MA 022845828 SOFTWARE 219596 RIEZMAN BERGER PC 7700 BONHOMME AVE 7TH FLOOR ST LOUIS MO 63105 LEGAL - COLLECTIONS EXPENSE 170572 SUMMERS COMPTON WELLS LLC 8909 LADUE ROAD ST LOUIS MO 63124 LEGAL 112131 DIF SUNSET PLACE LLC 13075 MANCHESTER ROAD SUITE 250 DES PERES MO 631311836 PROPERTY MGMT - RENT 109465 5 INTEREST ON LOANS 522100 24790583 24790583 FEES & OTHER INCOME 522100 18110843 18110843 OTHER INSURANCE & WARRANTIES 524298 380216 380216 NON-MEMBER FEES 522100 235864 235864 OTHER 900099 1265 1265 43518771 7448951 7448951 132565 132565 38045813 146798 37433481 139527 612332 7271 619603 619603 51719890 51102545 617345 0 9000 2344830 12389041 2792876 3231705 1027273 130551 173659 976875 800231 2354074 2559636 2647778 216775 133191 2662312 472692 LOAN SERVICING 5639566 MEMBER DIVIDENDS 5429850 PROVISION FOR LOAN LOSS 1821849 OTHER LOSSES/CHARGE-OFF 674530 330018 48818312 18406712 22958953 78833177 86749444 449370869 463645607 1812702 1556978 72567890 28294414 32461419 44273476 254271614 242322384 14061563 14855608 849218056 876362450 14427461 13493315 394726 496721 765844404 794329526 780666591 808319562 X 0 0 0 0 68551465 68042888 68551465 68042888 849218056 876362450 X 2901578 2346296 -5756451 X 0 1 X 1 0 125 125 125 1 CUPAC IL-GEORGE G BURNETT CHAPTER 1807 W DIEHL RD NAPERVILLE IL 605667107 363092340 125 PART I-A, LINE 1: CONTRIBUTION TO A CREDIT UNION PAC SPONSORED FUNDRAISING EVENT. 0 1 X 18565044 18565044 31375262 12091017 19284245 2960805 1988595 972210 19666779 14214802 5451977 44273476 TECHATCHERY, LLC 100000 C AFS-US TREASURY NOTES 153959690 F AFS-FEDERAL AGENCY SEC. 19307170 F AFS-MORTGAGE BACKED SEC. 1485255 F HTM-MORTGAGE BACKED SEC. 66451269 C FHLB STOCK 1019000 C 242322384 MEMBER SHARE DEPOSITS 780616693 DEFINED BENEFIT PENSION PLAN LIABILITY 13712833 794329526 X 51719890 627 627 51719263 627 627 51719890 48819816 2131 2131 48817685 627 627 48818312 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS FOR INSURANCE AND PROPERTY TAXES RELATED TO MEMBER REAL ESTATE LOANS. IN ADDITION, IN COORDINATION WITH GREENPATH FINANCIAL WELLNESS, THE CREDIT UNION PROVIDES MEMBERS WITH FREE FINANCIAL EDUCATION AND COUNSELING. PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL INCOME TAXES EXCEPT FOR CERTAIN PRODUCTS AND SERVICES WHICH HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS) TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE. AS PRESENTED IN TECHNICAL ADVICE MEMORANDUMS, THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES IS SUBJECT TO INCOME TAXES UNDER THE UNRELATED BUSINESS INCOME TAX (UBIT) REGULATIONS. IN MANAGEMENT'S OPINION, THE CREDIT UNION HAS NO UNRELATED BUSINESS INCOME AND NO ACCRUAL HAS BEEN RECORDED. TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, THE ESTIMATED LIABILITY FOR ANY POTENTIAL TAX ASSESSMENT WOULD NOT HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: TECHATCHERY, LLC - TOTAL INCOME 627. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY INTEREST INCOME 627. PART XII, LINE 2D - OTHER ADJUSTMENTS: TECHATCHERY, LLC - TOTAL EXPENSES 2,131. PART XII, LINE 4B - OTHER ADJUSTMENTS: INERCOMPANY DIVIDEND EXPENSE 627. 1 $1,000 NON-RENEWABLE SCHOLARSHIPS WERE AWARDED TO NINE VCU MEMBERS GRADUATING FROM HIGH SCHOOL 9 9000 PART I, LINE 2: THE "QUEST FOR EDUCATION" SCHOLARSHIP PROGRAM AWARDS $1,000 NON-RENEWABLE SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS. TO BE ELIGIBLE, ENTRANTS MUST BE A VANTAGE PRIMARY ACCOUNT HOLDER AND SUBMIT A COMPLETED APPLICATION. APPLICATIONS ARE JUDGED BY A COMMITTEE OF VANTAGE CREDIT UNION VOLUNTEERS, MEMBERS AND EMPLOYEES. FUNDS ARE DISTRIBUTED DIRECTLY TO THE RECIPIENTS' CHOSEN ACCREDITED COLLEGE OR UNIVERSITY AT THE TIME OF FALL REGISTRATION AND CAN BE USED FOR BOOKS AND TUITION. X X X X 0 0 0 ERIC V ACREE PRESIDENT & CEO 385475 0 95163 0 7574 0 42183 0 32435 0 562830 0 0 0 DOUGLAS E RUCKMAN CHIEF FINANCIAL OFFICER 231954 0 40000 0 1350 0 25604 0 20669 0 319577 0 0 0 JOHN M HOPKINS CHIEF RISK OFFICER 186485 0 40000 0 6700 0 21254 0 30478 0 284917 0 0 0 JERRY E BECKLEY II CHIEF TECHNOLOGY OFFICER 190497 0 25000 0 750 0 31707 0 31754 0 279708 0 0 0 KATHLEEN J PALMER CHIEF MEMBER EXPERIENCE OFFICER 157812 0 25000 0 6762 0 17922 0 28853 0 236349 0 0 0 MICHAEL WILSON CHIEF LENDING OFFICER 200850 0 25000 0 7635 0 29123 0 0 0 262608 0 0 0 MICHAEL R GATRELL PRESIDENT, CUSO OPERATIONS 150930 0 25000 0 6578 0 17086 0 25829 0 225423 0 0 0 JAMES M COCHRAN VICE PRESIDENT, RETAIL EXPERIENCE 129642 0 8500 0 9041 0 14583 0 11652 0 173418 0 0 0 CARLOS D GILES DIRECTOR, IT INFRASTRUCTURE 115979 0 10000 0 0 0 11598 0 24082 0 161659 0 0 0 MOHAMED SAMI DIRECTOR, DEVELOPMENT 106491 0 10000 0 3884 0 12292 0 29103 0 161770 0 0 0 AMANDA BARCLIFF ISG FINANCIAL CONSULTANT 7083 0 127266 0 212 0 1200 0 19647 0 155408 0 0 0 PART I, LINE 3 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION WITH THE ASSISTANCE OF AN INDEPENDENT CONSULTANT AND PURSUANT TO A SIGNED EMPLOYMENT CONTRACT. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. FORM 990, PART III, LINE 2 DURING THE YEAR, PERSONAL TELLER MACHINES WERE ADDED AT MULTIPLE LOCATIONS. 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 CREDIT UNION MANAGEMENT PROVIDES AN OUTSIDE ACCOUNTING FIRM THE DATA NEEDED TO PREPARE THE FORM 990, AND SENIOR MANAGEMENT REVIEWS IT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE PRESIDENT AND ALL DIRECTORS, COMMITTEE MEMBERS, 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 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION WITH THE ASSISTANCE OF AN INDEPENDENT CONSULTANT AND PURSUANT TO A SIGNED EMPLOYMENT CONTRACT. ALL OTHER MANAGEMENT COMPENSATION IS DETERMINED BY THE PRESIDENT AND IS PRESENTED AS PART OF THE BUDGET PACKAGE TO THE BOARD OF DIRECTORS FOR APPROVAL. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PRESENTED AT THE ANNUAL MEETING 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 REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN DEFINED BENEFIT PLAN GAINS AND LOSSES -5,756,451. MEMBERS RESOURCE LLC 19 RESEARCH PARK COURT ST CHARLES MO 633045616 274479158 CREDIT UNION SERVICE ORGANIZATION PROVIDING MORTGAGE AND INSURANCE SERVICES MO 1902516 4436262 TECHATCHERY LLC 19 RESEARCH PARK COURT ST CHARLES MO 633045616 272789465 CREDIT UNION SERVICE ORGANIZATION PROVIDING IT SOFTWARE SERVICES MO C 627 121762 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0