2019-11-15T14:59:22-06:00 2018-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2018-01-01 480570799 MERITRUST CREDIT UNION MERI 3166831199 8710 EAST 32ND STREET NORTH WICHITA KS 67226 RANDY DOERKSEN CFO 3166831199 2019-11-15 1 EMINA O CRESSWELL CPA P01217304 5097472600 2019-11-15 12.129.4.211 2019-11-15 12:50:06 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A8FC3026EDFBBE3D85340D5CD37AF6ADD6894A1B 2018 2020-03-31 21:24:44Z RANDY DOERKSEN 8710 EAST 32ND STREET NORTH WICHITA KS 67226 76122078 0 X WWW.MERITRUSTCU.ORG X 1935 KS MERITRUST CREDIT UNION PROVIDES FINANCIAL SERVICES WHILE MAINTAINING THE HIGHEST ETHICAL STANDARDS. 5 5 413 8 973551 0 0 0 62976855 68508680 3672035 4249836 10343476 2471423 76992366 75229939 0 11883 0 0 22529862 26679924 0 0 0 51867830 44324980 74397692 71016787 2594674 4213152 1264116228 1215121922 1146032422 1092859278 118083806 122262644 MERITRUST CREDIT UNION IS A MEMBER-OWNED NOT-FOR-PROFIT FINANCIAL COOPERATIVE WHICH EXISTS TO PROVIDE FINANCIAL SERVICES WHILE MAINTAINING THE HIGHEST ETHICAL STANDARDS, SAFE MANAGEMENT OF OUR MEMBER'S ASSETS IS OUR MAIN OBJECTIVE AND WE WILL MANAGE OUR BUSINESS. 0 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND INVESTMENT OF MEMBER'S FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 23369 0 1 413 1 1 1 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 0 1 0 1 1 1 1 1 0 X JAMES NASTARS 3166831199 8710 EAST 32ND STREET NORTH WICHITA KS 67226 RICK DODDS BOARD CHAIR 3.00 X X 1473 0 0 MARCI JOHNSON BOARD VICE CHAIR 3.00 X X 0 0 0 BRIAN MIDDLETON BOARD SECRETARY/TREASURER 3.00 X X 1275 0 0 HECTOR CORTEZ BOARD DIRECTOR 3.00 X 0 0 0 STEVE DUNN BOARD DIRECTOR 3.00 X 2806 0 0 JAMES NASTARS PRESIDENT/CEO 40.00 X 447373 0 80264 RANDY DOERKSEN SVP CHIEF FINANCIAL OFFICER 40.00 X 260135 0 58906 WADE BRUENDL SVP CHIEF STRATEGY OFFICER 40.00 X 245877 0 13542 BRIAN DAVIDSON SVP CHIEF BUSINESS OFFICER 40.00 X 393073 0 -103824 EVAN WILSON SVP CHIEF EXPERIENCE OFFICER 40.00 X 343399 0 -83120 KAREN CALLAWAY SVP CHIEF RISK OFFICER 40.00 X 191944 0 42485 JAMIE HARRISON SVP CHIEF RETAIL OFFICER 40.00 X 329751 0 -40711 CLIFF SHOFF VP CHIEF TECHNOLOGY OFFICER 40.00 X 192467 0 42023 JAMES HOMAN FINANCIAL ADVISOR 40.00 X 248067 0 12394 JOHN BECKMAN DIRECTOR OF REAL ESTATE & BUS. LEND. 40.00 X 184001 0 13624 GABE SCHLICKAU VP CHIEF DELIVERY OFFICER 40.00 X 140850 0 36660 HEATHER GATES DIRECTOR OF CONSUMER LENDING 40.00 X 131475 0 9890 DONNELLE STEWART CONTROLLER 40.00 X 119730 0 7089 3233696 0 89222 16 0 1 0 HUTTON CONSTRUCTION 2229 S WEST ST WICHITA KS 67213 CONSTRUCTION 4262448 NCR CORP 14181 COLLECTIONS CENTER DR CHICAGO IL 60693 ONLINE & MOBILE BANKING 3665464 ROUTE 66 WARRANTY PO BOX 1075 MOUNTAIN HOME AR 72654 EXTENDED WARRANTIES 2463442 ALEXANDER OPEN SYSTEMS PO BOX 872380 KANSAS CITY MO 64187 NETWORK STORAGE 993086 FISERV PO BOX 99924 GRAPEVINE TX 76099 DNS/SOFTWARE 912500 36 INCOME FROM LOANS 522100 50402222 50402222 FEES & CHARGES 522100 10104258 10104258 VISA INTERCHANGE & DPS INCOME 522100 7028649 7028649 UNRELATED INVESTMENT INCOME 523000 505882 505882 UNRELATED WARRANTY INCOME 524298 326941 326941 140728 140728 68508680 4284177 4284177 857798 10237 881902 -10237 -24104 -34341 -34341 MEMBER INSURANCE ADMIN INCOME 522100 852750 852750 GAP WAIVER INCOME 522100 814990 814990 MISCELLANEOUS INCOME 522100 803683 803683 2471423 75229939 70006552 973551 4249836 11883 2906059 18009959 731902 3492484 1539520 556606 81382 2083073 4626956 4752142 1619285 51140 273868 13145766 3594756 214130 PROVISION FOR LOAN LOSS 6671014 LOAN SERVICING 3349063 VISA INTERCHANGE & DPS 2041527 MAINTENANCE EXPENSE 830180 434092 71016787 123629296 35968336 0 30139345 1855603 2446293 1044901406 1049299508 3411719 3467408 61771007 24104090 32840854 37666917 12363350 11640741 2000000 2000000 43114000 42493374 1264116228 1215121922 19891697 10634527 0 742533 0 2158985 59000000 73872000 1067140725 1005451233 1146032422 1092859278 X 0 0 0 0 118083806 122262644 118083806 122262644 1264116228 1215121922 X 4213152 2982 -37296 X 0 1 X 1 0 2500 0 0 2500 2500 1 CREDIT UNION POLITICAL ACTION COMMITTEE 6800 COLLEGE BLVD SUITE 300 OVERLAND PARK KS 66211 480949548 2500 0 PART I-A, LINE 1: FUNDS CONTRIBUTED TO THE CREDIT UNION POLITICAL ACTION COMMITTEE (CUPAC) 0 1 X 7403265 7403265 30637876 7152157 23485719 294017 241653 52364 22761279 16710280 6050999 674570 674570 37666917 NON-MEMBER CERTIFICATES 70674944 IRA SHARES 41333718 MONEY MARKET ACCOUNTS 238735077 SHARE DRAFTS 159133176 SHARES 170483769 SHARES AND IRA CERTIFICATES 325090549 1005451233 X PART IV, LINE 2B: MERITRUST CREDIT UNION MAINTAINS FIRST MORTGAGE ESCROWS IN A LIABILITY ACCOUNT ON THE BALANCE SHEET AND MAKES NECESSARY PAYMENTS FROM THIS ACCOUNT. PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. X 0 1 X X 0 1 0 JAMES NASTARS PRESIDENT/CEO 399744 0 47629 0 0 0 74361 0 5903 0 527637 0 0 0 RANDY DOERKSEN SVP CHIEF FINANCIAL OFFICER 227624 0 32511 0 0 0 53179 0 5727 0 319041 0 0 0 WADE BRUENDL SVP CHIEF STRATEGY OFFICER 219848 0 26029 0 0 0 7833 0 5709 0 259419 0 0 0 BRIAN DAVIDSON SVP CHIEF BUSINESS OFFICER 211572 0 21550 0 159951 0 -109511 0 5687 0 289249 0 0 0 EVAN WILSON SVP CHIEF EXPERIENCE OFFICER 184029 0 27090 0 132280 0 -88671 0 5551 0 260279 0 0 0 KAREN CALLAWAY SVP CHIEF RISK OFFICER 165828 0 26116 0 0 0 38249 0 4236 0 234429 0 0 0 JAMIE HARRISON SVP CHIEF RETAIL OFFICER 210832 0 32460 0 86459 0 -44008 0 3297 0 289040 0 0 0 CLIFF SHOFF VP CHIEF TECHNOLOGY OFFICER 166735 0 25732 0 0 0 36610 0 5413 0 234490 0 0 0 JAMES HOMAN FINANCIAL ADVISOR 45603 0 202464 0 0 0 9022 0 3372 0 260461 0 0 0 JOHN BECKMAN DIRECTOR OF REAL ESTATE & BUS. LEND. 110755 0 73246 0 0 0 10006 0 3618 0 197625 0 0 0 GABE SCHLICKAU VP CHIEF DELIVERY OFFICER 140850 0 0 0 0 0 31552 0 5108 0 177510 0 0 0 PART I, LINE 1A A 1099-MISC IS FILED FOR THE VALUE OF ANY TRAVEL FOR COMPANIONS. PART I, LINE 1B THE INFORMAL POLICY REGARDING TRAVEL FOR COMPANIONS IS LIMITED TO ONE TRIP PER YEAR AND THE BENEFIT IS TAXABLE. PART I, LINE 4B: BRIAN DAVIDSON: $38,809 ACCRUAL OF 457(F) SERP. EVAN WILSON: $33,391 ACCRUAL OF 457(F) SERP. JAMIE HARRISON: $36,032 ACCRUAL OF 457(F) SERP. JAMES NASTARS: $65,151 ACCRUAL OF 457(F) SERP. KAREN CALLAWAY: $30,619 ACCRUAL OF 457(F) SERP. RANDY DOERKSEN: $41,238 ACCRUAL OF 457(F) SERP. GABE SCHLICKAU: $23,800 ACCRUAL OF 457(F) SERP. CLIFF SHOFF: $27,384 ACCRUAL OF 457(F) SERP. BRIAN DAVIDSON: $159,951 PAYOUT OF 457(F) SERP. EVAN WILSON: $132,280 PAYOUT OF 457(F) SERP. JAMIE HARRISON: $86,459 PAYOUT OF 457(F) SERP. FORM 990, PART VI, SECTION A, LINE 6 MERITRUST CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO AND THE CONTROLLER, ONCE THE REVIEW AND ANY NECESSARY CORRECTIONS ARE COMPLETED, THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL MERITRUST OFFICIALS REVIEW AND EXECUTE THEIR ACKNOWLEDGEMENT AND COMMITMENTS TO THE CODE OF CONDUCT POLICY, INCLUDING THE CONFLICT OF INTEREST STATEMENT OF DISCLOSURE AT THE BEGINNING OF THEIR TERM IN OFFICE. IF A CREDIT UNION OFFICIAL BELIEVES THEY MAY HAVE A CONFLICT ON INTEREST, THEY MUST PROMPTLY AND FULLY DISCLOSE THE POTENTIAL CONFLICT TO THE CHIEF EXECUTIVE OFFICER AND THE CHAIRPERSON OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION HAS A COMPENSATION SYSTEM CALLED COMPEASE. COMPEASE PURCHASES AND COMPILES DATA FROM A VARIETY OF SOURCES INCLUDING BUT NOT LIMITED TO CUNA COMPLETE STAFF SALARY SURVEY REPORT, ABA COMPENSATION AND BENEFITS SURVEY REPORT, HR PERFORMANCE SOLUTIONS FINANCIAL COMP SALARY SURVEY, AND COMPDATA FINANCIAL INSTITUTIONS SALARY SURVEY. INCLUDED IN THE DATA ARE APPROXIMATELY 100 CREDIT UNIONS AND 500 TOTAL COMPANIES AND FINANCIAL INSTITUTIONS (DATA IS WEIGHTED TO THE CREDIT UNION SIDE). COMPANY SIZE AND GEOGRAPHIC AREA ARE ALSO CONSIDERATIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: NET CHANGE IN BENEFIT PLAN -37,296. MERITRUST TECHNOLOGY SERVICES 8710 E 32ND STREET NORTH WICHITA KS 67226 821607136 TECHNOLOGY SERVICES KS 0 3166185 MERITRUST CREDIT UNION CUSTOM FINANCIAL RESOURCES 8710 E 32ND STREET NORTH WICHITA KS 67226 481231931 FINANCIAL KS MERITRUST CREDIT UNION C 215124 708662 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0