2018-10-12T19:52:29-05:00 2017-12-31 390758449 WIPFLI LLP 101 EAST FRONT STREET 301 MISSOULA MT 59802 990 2017-01-01 810283608 ROCKY MOUNTAIN CREDIT UNION ROCK 4064471102 3400 NORTH MONTANA HELENA MT 59601 EDWARD STOFKO PRESIDENT/CEO 4064471102 2018-09-10 1 PHILIP L YASENAK CPA P01248379 4067281800 2018-09-10 65.158.74.97 2018-09-10 17:43:36 MD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A8CCFEE0E2A316B14E893D1040E4D147629627FA 2017 2018-06-14 16:35:46Z EDWARD STOFKO 3400 N MONTANA AVE HELENA MT 59602 12899255 0 X WWW.RMCU.NET X 1940 MT PARTNERING WITH OUR MEMBERS TO IMPROVE THE QUALITY OF THEIR LIVES BY PROVIDING A SECURE AND SERVICE-FOCUSED CREDIT UNION THAT BUILDS TRUST AND RESPECT. 7 7 103 12 0 0 0 0 11075509 12195034 190049 -753642 155494 428765 11421052 11870157 55938 30645 0 0 4593483 5390136 0 0 0 6138994 6348667 10788415 11769448 632637 100709 220298568 232303312 197780432 209684468 22518136 22618844 PARTNERING WITH OUR MEMBERS TO IMPROVE THE QUALITY OF THEIR LIVES BY PROVIDING A SECURE AND SERVICE-FOCUSED CREDIT UNION THAT BUILDS TRUST AND RESPECT. 0 0 AS A MEMBER OWNED, FINANCIAL COOPERATIVE, THE CREDIT UNION SERVED MORE THAN 20,000 PRIMARILY MONTANA RESIDENTS WITH A WIDE VARIETY OF FINANCIAL SERVICES. ADDITIONAL SERVICES PROVIDED INCLUDED COUNSELING, FINANCIAL EDUCATION, NEWSLETTERS, DEPOSIT AND LOAN INSURANCE PROTECTION, AND CONSUMER INFORMATION. THE CREDIT UNION PROVIDED SETTLEMENT, CORRESPONDENCE, INVESTMENT, LOAN EDUCATION, AND OTHER SERVICES TO ITS MEMBERS. 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 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 6116 0 103 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 0 0 X MATT STOLLE 4064471102 3400 NORTH MONTANA HELENA MT 59601 KRISTIN BOUCHARD CHAIRMAN 2.00 X X 0 0 0 LYLE MANLEY VICE CHAIRMAN 2.00 X X 0 0 0 JOSH KNOEDLER TREASURER 2.00 X X 0 0 0 MARK BAUM DIRECTOR 2.00 X 0 0 0 TIM BOTTENFIELD DIRECTOR 2.00 X 0 0 0 MIKE O'CONNOR DIRECTOR 2.00 X 0 0 0 KATHY SHEA DIRECTOR 2.00 X 0 0 0 JOSH ALLEN DIRECTOR (THRU APRIL) 2.00 X 0 0 0 ED STOFKO PRESIDENT/CEO 40.00 X 223751 0 36023 MATT STOLLE VP-FINANCE/CFO 40.00 X 123080 0 24296 STEVE SENDON EXECUTIVE VP 40.00 X 127145 0 24955 473976 0 85274 3 0 1 0 MOMENTUM INC 2120 MARKET STREET SUITE 100 CAMP HILL PA 17011 MANAGEMENT CONSULTING 2366599 JACK HENRY & ASSOCIATES 663 W HWY 60 MONETT MO 65708 SUPPORT SERVICES 360422 PRIME MARKETING 810 N WALLACE SUITE D BOZEMAN MT 59715 MARKETING 250347 INFORMATION SYSTEMS 1314 HELENA AVE HELENA MT 59601 TECHNOLOGY SERVICES 197845 ALKAMI TECHNOLOGY INC PO BOX 670397 DALLAS TX 75267 SUPPORT SERVICES 172403 8 INTEREST ON LOANS 522100 8477245 8477245 FEES AND CHARGES 522100 3717789 3717789 12195034 275456 275456 1029098 -1029098 -1029098 -1029098 INTEREST ON SERP 522100 411276 411276 17489 17489 428765 11870157 12623799 0 -753642 30645 559250 3691283 307335 499338 332930 94252 60000 2302 857815 409046 547328 410115 128303 28813 85263 544699 61043 PROVISION-LOAN LOSSES 1546265 DIVIDENDS PAID TO MEMBE 527699 LOAN SERVICING FEES 499280 CREDIT CARD & TRANSACTI 409509 136935 11769448 2067264 2593713 13023626 6808379 490685 439371 4500754 4912030 169236672 185373711 953056 982513 19245693 5872976 10248684 13372717 15710623 13776523 4067204 4044355 220298568 232303312 2935737 3452867 3265873 6738232 191578822 199493369 197780432 209684468 X 0 0 0 0 22518136 22618844 22518136 22618844 220298568 232303312 100709 0 X X 0 1 X 1 0 3046535 3046535 12557607 3053239 9504368 70496 69321 1175 2719826 1940079 779747 851229 810337 40892 13372717 PAID IN CAPITAL AT CORP 650623 C DEPOSITS IN COMMERICAL BANKS 10899000 C LOANS TO AND INVESTMENTS IN NATURAL PERSON CREDIT UNIONS 1693000 C ALL OTHER INVESTMENTS 533900 C 13776523 MEMBER DEPOSITS 199493369 199493369 X 12899255 1029098 1029098 11870157 0 11870157 12798547 1029098 1029098 11769449 0 11769449 PART X, LINE 2: THE CREDIT UNION IS STATE CHARTERED AND FEDERALLY TAX-EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(14), EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME TAX IS INSIGNIFICANT AND NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. AN EXEMPT ORGANIZATION RETURN IS FILED ANNUALLY WITH THE APPLICABLE FEDERAL AND STATE TAX JURISDICTIONS. THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2017 OR 2016. INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS ARE RECOGNIZED BY THE CREDIT UNION AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2017 AND 2016, THE CREDIT UNION RECOGNIZED NO INTEREST AND PENALTIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET LOSS ON FORECLOSED AND REPOSSESSED ASSETS 1,029,098. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET LOSS ON FORECLOSED AND REPOSSESSED ASSETS 1,029,098. 1 0 0 PART I, LINE 2: THE ORGANIZATION MONITORS THE RECIPIENTS OF THEIR CHARITABLE GIVING. IN 2017 THERE WERE NO ORGANIZATIONS THAT RECEIVED MORE THAN $5,000. X 1 1 X X 0 1 0 ED STOFKO PRESIDENT/CEO 203835 0 15240 0 4676 0 26213 0 9810 0 259774 0 0 0 STEVE SENDON EXECUTIVE VP 124225 0 2506 0 414 0 15642 0 9313 0 152100 0 0 0 PART I, LINE 3 THE CEO'S COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE BOARD. PART I, LINE 4B NO CONTRIBUTIONS WERE MADE TO ED STOFKO'S SERP IN 2017. HOWEVER, THERE WAS AN INCREASE IN VALUE OF $411,276 IN THE VALUE. EDWARD STOFKO EMPLOYEE SPLIT-DOLLAR LIFE INSURANCE X 4300000 4912030 0 1 1 4912030 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. THERE IS ONLY ONE CLASS OF MEMBERSHIP AND THE REQUIRMENTS FOR MEMBERSHIP IS DESCRIBED IN THE BYLAWS IN REGARD TO GEOGRAPHIC REGION AND THE PRICE OF ONE SHARE. FORM 990, PART VI, SECTION A, LINE 7A AN ANNUAL MEETING OF MEMBERS IS HELD WITHIN 200 DAYS AFTER THE CLOSE OF THE FISCAL YEAR. AT ALL MEETINGS, IRRESPECTIVE OF THE NUMBER OF SHARES HELD BY THE MEMBER, NO MEMBER SHALL HAVE MORE THAN ONE VOTE AND THERE IS NO VOTING BY PROXY. FORM 990, PART VI, SECTION A, LINE 7B DISSOLUTION IS SUBJECT TO THE APPROVAL OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFICT OF INTEREST POLICY AND TAKES ACTION IMMEDIATELY WHEN CONFLICTS ARISE. WHEN A CONFLICT ARISES, IT IS FIRST REPORTED TO THE CHAIRMAN OF THE BOARD. THE DETERMINATION IF A CONFLICT ACTUALLY EXISTS IS DONE BY THE EXECUTIVE COMMITTEE OF THE BOARD. WHEN MATTERS PERTAINING TO THE SPECIFIC PERSONAL INTEREST OF A BOARD MEMBER OR OTHER VOLUNTEER ARE DISCUSSED, THE AFFECTED MEMBER SHALL NOT ENGAGE IN THE DISCUSSION OR PARTICIPATE IN THE VOTE, AND THE MINUTES SHALL SO STATE. IF MORE THAN ONE MEMBER IS INVOLVED IN MATTERS INVOLVING A CONFLICT OF INTEREST AND A VOTE IS CALLED, THE NUMBER VOTING MUST EQUAL OR EXCEED THE QUORUM REQUIREMENTS FOR THE MEETING. FORM 990, PART VI, SECTION B, LINE 15A THREE BOARD MEMBERS ON THE CEO COMPENSATION COMMITTEE DETERMINE THE PRESIDENT/CEO'S PAY. THE BOARD IS VOLUNTEER WITHOUT COMPENSATION. THE PRESIDENT/CEO DETERMINES THE OFFICERS AND EMPLOYEES' PAY. FORM 990, PART VI, SECTION C, LINE 18 THE GENERAL PUBLIC IS ALLOWED TO VIEW THE FORM 990 AND ORGANIZATIONAL DOCUMENTS UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE GENERAL PUBLIC IS ALLOWED TO VIEW THE FORM 990 AND ORGANIZATIONAL DOCUMENTS UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.