2019-05-14T10:21:16-05:00 2018-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 66061 990 2018-01-01 480625190 AZURA CREDIT UNION AZUR 7852335556 610 SW 10TH AVENUE TOPEKA KS 666121673 GREG WINKLER PRESIDENT/CEO 7852335556 2019-05-14 1 JERRY TENBRINK P00638199 9138946214 97.87.82.114 2019-05-14 10:21:03 CD P DF81630E7C01E54DA6D3CC5C7C1702BCCB5963A3 DF81630E7C01E54DA6D3CC5C7C1702BCCB5963A3 2018 2019-02-21 02:37:17Z GREG WINKLER 610 SW 10TH AVENUE TOPEKA KS 666121673 32067308 0 X WWW.AZURACU.COM X 1974 KS AZURA IS ENHANCING LIVES BY DELIVERING INNOVATIVE FINANCIAL SERVICE, EDUCATION, AND VALUE. 9 9 204 14 155289 0 0 0 20658554 23499480 2662133 2443867 24066 32283 23344753 25975630 0 11426 0 0 8546653 9161735 0 0 0 11988115 12970594 20534768 22143755 2809985 3831875 477439542 481919271 426450429 427332391 50989113 54586880 AZURA IS ENHANCING LIVES BY DELIVERING INNOVATIVE FINANCIAL SERVICE, EDUCATION, AND VALUE THROUGH PERSONAL AND COMMUNITY ENGAGEMENT. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 50,467 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2018, THERE WERE 28,113 LOANS OUTSTANDING TOTALING $354,549,725. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $2,457,785 FOR THE YEAR. 0 0 0 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 14767 0 1 204 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 0 1 1 1 1 1 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 DONALD FRICK SECRETARY 2.00 X 0 0 0 ROBERT BALSTERS DIRECTOR 2.00 X 0 0 0 MARCIA DECHAND 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 273621 0 55477 RONALD BARON SVP-FINANCE & ACCTNG/CFO (THRU 6/15/18) 40.00 X 80007 0 12109 LISA BROWN SVP-ADMINISTRATION/CAO 40.00 X 150641 0 23005 BRENTT MOON SVP-OPERATIONS & INFO SYSTEMS/CIO 40.00 X 148003 0 27069 EVAN BOUNOUS SENIOR NETWORK ENGINEER 40.00 X 131632 0 37036 JANICE DAVIS VP - LENDING 40.00 X 106936 0 33391 890840 0 188087 5 0 1 0 0 INTEREST ON LOANS 522100 15416132 15416132 FEES & OTHER INCOME 522100 7928059 7928059 NON-MEMBER REVENUE 522100 116196 116196 WARRANTY SALES & OTHER INSURANCE 524298 31328 31328 OTHER 900099 7765 7765 23499480 2466641 2466641 32283 32283 5756003 312901 5750304 341374 5699 -28473 -22774 -22774 25975630 25820341 155289 0 11426 769932 6797298 341331 755862 497312 13105 157598 7180 193021 667040 2807098 750341 781408 19350 180924 91170 1403566 122914 MEMBER DIVIDENDS 2457785 PROVISION FOR LOAN LOSS 2268251 LOAN SERVICING 938203 ASSOCIATION DUES 64509 47131 22143755 4142970 3674434 18729527 10838113 191689 152604 4050000 316777657 352506443 608283 613861 15212652 5177554 9742359 10035098 118086484 86588737 9160573 13459981 477439542 481919271 7514475 5277246 10000000 418935954 412055145 426450429 427332391 X 0 0 0 0 50989113 54586880 50989113 54586880 477439542 481919271 3831875 -234108 0 X 0 1 X 1 0 2153879 2153879 8951512 2322539 6628973 524030 511119 12911 3583231 2343896 1239335 10035098 HTM-FED AGENCY SEC 14000000 C AFS-MORTGAGE BACKED/CMO 53397024 F AFS-FED AGENCY SEC 1992250 F HTM-MORTGAGE BACKED/CMO 13603945 C HTM-MUNICIPAL BONDS 1000000 C FHLB CLASS A STOCK 477300 C AFS-BANK NOTES 1981620 F MEMBERS MORT SVCS, LLC 106362 C CROCO CUSO, LLC 1005 C FHLB CLASS B STOCK 9500 C CULEDGER HEARTLAND, LLC 19731 C 86588737 MEMBER SHARE DEPOSITS 412055145 412055145 X 25975630 0 25975630 0 25975630 22143755 0 22143755 0 22143755 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, 2018. 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, 2018. 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 43 9426 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 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 267614 0 5755 0 252 0 27500 0 27977 0 329098 0 0 0 LISA BROWN SVP-ADMINISTRATION/CAO 146715 0 3674 0 252 0 12692 0 10313 0 173646 0 0 0 BRENTT MOON SVP-OPERATIONS & INFO SYSTEMS/CIO 144203 0 3548 0 252 0 12166 0 14903 0 175072 0 0 0 EVAN BOUNOUS SENIOR NETWORK ENGINEER 127567 0 3813 0 252 0 14327 0 22709 0 168668 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. PART I, LINE 4B IN 2018, THE CREDIT UNION ENTERED INTO 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, 2018. GREG WINKLER PRESIDENT/CEO PURCHASE OF CASH VALUE LIFE INSURANCE - NONRECOURSE SPLIT DOLLAR LOAN X 2600000 2600000 0 1 1 LISA BROWN SVP-ADMINISTRATION/CAO PURCHASE OF CASH VALUE LIFE INSURANCE - NONRECOURSE SPLIT DOLLAR LOAN X 800000 800000 0 1 1 BRENTT MOON SVP-OPERATIONS & INFORMATION SYSTEMS/CIO PURCHASE OF CASH VALUE LIFE INSURANCE - NONRECOURSE SPLIT DOLLAR LOAN X 650000 650000 0 1 1 4050000 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 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 VP-FINANCE & ACCOUNTING PROVIDES DETAILS NEEDED TO COMPLETE THE FORM 990 AND REVIEWS THE RETURN WITH THE PRESIDENT/CEO PRIOR TO BOARD APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C AN INTERNAL AUDIT AND COMPLIANCE STAFF MEMBER MONITORS CONFLICTS OF INTEREST FOR AREAS OF CONCERN. IN ADDITION, THERE IS A 1-800 HOTLINE WHERE CONCERNS CAN BE REPORTED ANONYMOUSLY. FORM 990, PART VI, SECTION B, LINE 15 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. 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 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. CROCO CUSO LLC 610 SW 10TH AVENUE TOPEKA KS 66612 920192646 CREDIT UNION SERVICE ORGANIZATION (DORMANT) KS 0 1005