2018-11-15T13:11:24-06:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2017-01-01 840500890 PREMIER MEMBERS CREDIT UNION PREM 3036577592 5505 ARAPAHOE AVENUE BOULDER CO 80303 MARK WIETE CFO 3036577592 2018-11-14 1 MARY C GREEN P00447183 6022662248 67.137.57.251 2018-11-14 10:02:53 US P FC99DD87B5E9F2B90F32DBB532AB4495C58F9BCB CB7CF8D7F2EFC0B7F06C37225779BA248FFFA305 2017 2018-06-14 16:35:46Z CARLOS PACHECO 5505 ARAPAHOE AVENUE BOULDER CO 80303 80133212 0 X WWW.PMCU.ORG X 1950 CO TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION. 15 15 337 20 29505 -220 0 0 42582211 45630484 2093594 2292492 23233 572762 44699038 48495738 0 0 0 3633344 17139467 17306544 0 0 0 19304326 18927059 36443793 39866947 8255245 8628791 926220199 1017516033 817328909 898822717 108891290 118693316 TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND MAKE LOANS FROM THESE SHARES TO ITS MEMBERS. 0 0 PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OF THE CREDIT UNION. OVER 66,000 MEMBERS SERVED. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 9 0 337 1 1 1 0 0 0 0 0 X 15 15 1 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 0 X MARK WIETE 3036577000 5505 ARAPAHOE AVENUE BOULDER CO 80303 MARK GISI CHAIR PERSON 2.00 X X 0 0 0 WAYNE TURNACLIFF VICE CHAIRPERSON 2.00 X X 0 0 0 HARVEY A KAMIONKA TREASURER 2.00 X X 0 0 0 JIM CLEMMER CO-TREASURER 2.00 X X 0 0 0 MICHAEL MEYERS SECRETARY 2.00 X X 0 0 0 KEN BLACK CO-SECRETARY 2.00 X X 0 0 0 JIM ELLIS DIRECTOR 2.00 X 0 0 0 BRIAN GISI DIRECTOR 2.00 X 0 0 0 ELAINE HUTCHINGS DIRECTOR 2.00 X 0 0 0 PETER JANSKY DIRECTOR 2.00 X 0 0 0 HARVEY E KAMIONKA DIRECTOR 2.00 X 0 0 0 WADE PAYNE DIRECTOR 2.00 X 0 0 0 JOANNE TILLEY DIRECTOR 2.00 X 0 0 0 LYNEL VALLIER DIRECTOR 2.00 X 0 0 0 JANET BEAVER DIRECTOR 2.00 X 0 0 0 RICK ALLEN CEO/PRESIDENT 40.00 X 535087 0 24999 CARLOS PACHECO CEO/PRESIDENT 40.00 X 511045 0 26990 MARK WIETE CHIEF FINANCIAL OFFICER 40.00 X 263434 0 26701 BRIAN RESCH CHIEF ADMINISTRATIVE OFFICER 40.00 X 217016 0 26562 MATT RARDEN CHIEF OPERATING OFFICER 40.00 X 198853 0 13787 LINDSAY SANDHAM CHIEF LENDING OFFICER 40.00 X 194503 0 17872 MARK ROWAN CHIEF INFORMATION OFFICER 40.00 X 173291 0 16922 JASON BAUER CHIEF MARKETING OFFICER 40.00 X 144429 0 23429 CLAIRE LINDLEY VP FINANCE 40.00 X 150316 0 13154 CHAD WILCOX SVP LENDING OPERATIONS 40.00 X 129276 0 11346 JESSICA HOYLE SVP RETAIL DELIVERY 40.00 X 129071 0 12241 JACK KITTEL AVP IT OPERATIONS 40.00 X 125117 0 22818 STEVEN SHRADER VP RETAIL OPERATIONS 40.00 X 123222 0 10902 2894660 0 247723 18 0 1 0 FISERV PO BOX 99924 GRAPEVINE TX 76099 DATA PROCESSING ONLINE BANKING 696669 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 DATA PROCESSING CORE SYSTEM 523866 OUTPUT SERVICES & OSI POSTAGE ACCOUNT 6410 ODELL PL BOULDER CO 80301 MEMBER STATEMENTS AND COMMUNICATION 477858 ALLIED SOLUTIONS 5784 900 E SALT LAKE CITY UT 84121 LOAN SERVICING PRODUCTS 401759 HOLST BOETTCHER & TEHRANI PO BOX 298 LONGMONT CO 80502 LEGAL 383542 26 INTEREST ON LOANS FROM MEMBERS 522100 34840315 34840315 FEES AND CHARGES 522100 4819518 4790013 29505 INTERCHANGE INCOME 522100 4247361 4247361 SERVICING FEES 522100 1163709 1163709 GAIN ON THE SALE OF LOANS 522100 559581 559581 45630484 2378925 2378925 31260513 290528 31414712 222762 -154199 67766 -86433 -86433 572762 572762 572762 48495738 45600979 29505 2865254 3633344 2414920 11448457 744050 1713131 985986 47122 197034 374204 1461383 3411284 1902298 478014 2635957 PROVISION FOR LOAN LOSS 3398552 LOAN AND DEPOSIT SERVIC 1672332 CREDIT AND DEBIT CARD E 887708 ONLINE BANKING EXPENSES 865025 1596146 39866947 4890736 4590813 69641872 109126096 2761858 2258121 681799127 780397901 743433 1119975 21794704 8556972 14243587 13237732 113861600 66867297 7071181 6464580 8994096 7914804 22212709 25538714 926220199 1017516033 14531076 16082656 802797833 882740061 817328909 898822717 X 0 0 0 0 108891290 118693316 108891290 118693316 926220199 1017516033 X 8628791 647702 525533 X 0 1 X 1 0 3138595 3138595 12355217 4203793 8151424 18515 18515 0 6058215 4334664 1723551 224162 224162 13237732 MEMBERS' SHARE AND SAVINGS ACCOUNT 882740061 882740061 X PART X, LINE 2: THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2017 AND 2016. X 0 0 X X X X 0 1 0 RICK ALLEN CEO/PRESIDENT 454057 0 79780 0 1250 0 13704 0 11295 0 560086 0 0 0 CARLOS PACHECO CEO/PRESIDENT 430015 0 79780 0 1250 0 13456 0 13534 0 538035 0 0 0 MARK WIETE CHIEF FINANCIAL OFFICER 226825 0 35359 0 1250 0 11492 0 15209 0 290135 0 0 0 BRIAN RESCH CHIEF ADMINISTRATIVE OFFICER 186384 0 29382 0 1250 0 9552 0 17010 0 243578 0 0 0 MATT RARDEN CHIEF OPERATING OFFICER 171223 0 26380 0 1250 0 8257 0 5530 0 212640 0 0 0 LINDSAY SANDHAM CHIEF LENDING OFFICER 166884 0 26369 0 1250 0 8176 0 9696 0 212375 0 0 0 MARK ROWAN CHIEF INFORMATION OFFICER 148286 0 23830 0 1175 0 7727 0 9195 0 190213 0 0 0 JASON BAUER CHIEF MARKETING OFFICER 123418 0 19761 0 1250 0 6419 0 17010 0 167858 0 0 0 CLAIRE LINDLEY VP FINANCE 133876 0 15540 0 900 0 6724 0 6430 0 163470 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS A 457 F NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CARLOS PACHECO. UNDER THE TERMS OF THE PLANS, THE PARTICIPANT IS ENTITLED TO THE EARNINGS AND APPRECIATION ON THE DEFERRED COMPENSATION PLAN INVESTMENTS. THERE WERE NO CONTRIBUTIONS AND NO DISTRIBTUIONS FOR 2017. CARLOS PACHECO CEO FIRST MORTGAGE X 608000 511879 0 1 1 BRIAN RESCH CAO FIRST MORTGAGE X 308000 224645 0 0 1 JASON BAUER CMO FIRST MORTGAGE X 364000 313896 0 0 1 MARK WIETE CFO FIRST MORTGAGE X 400000 399103 0 0 1 MATT RARDEN COO FIRST MORTGAGE X 286500 263201 0 0 1 LINDSAY SANDHAM CLO FIRST MORTGAGE X 225001 205154 0 0 1 JASON BAUER CMO USED AUTO X 20210 12777 0 0 1 JASON BAUER CMO HELOC X 45500 41853 0 0 1 BRIAN RESCH CAO HELOC X 95000 94401 0 0 1 LINDSAY SANDHAM CLO USED AUTO X 27541 19104 0 0 1 MARK WIETE CFO USED AUTO X 42092 34980 0 0 1 MARK WIETE CFO HELOC X 65000 63328 0 0 1 MARK WIETE CFO CREDIT CARD X 20000 16492 0 0 1 MARK ROWAN CIO NEW AUTO X 28875 9678 0 0 1 MARK ROWAN CIO CREDIT CARD X 12500 1 0 0 1 MATT RARDEN COO USED AUTO X 36000 28173 0 0 1 MATT RARDEN COO CREDIT CARD X 25000 3411 0 0 1 MATT RARDEN COO HELOC X 25000 16045 0 0 1 2258121 FORM 990, PART VI, SECTION A, LINE 2 MARK GISI, CHAIR PERSON OF THE BOARD OF DIRECTORS, AND BRIAN GISI, BOARD OF DIRECTOR-MEMBER, HAVE A FAMILY RELATIONSHIP. HARVEY A. KAMIONKA, TREASURER OF THE BOARD OF DIRECTORS, AND HARVEY E. KAMIONKA, BOARD OF DIRECTOR-MEMBER, ALSO HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 PREMIER MEMBERS CREDIT UNION, FORMERLY DOING BUSINESS AS BOULDER VALLEY CREDIT UNION, IS A MEMBER-OWNED FINANCIAL COOPERATIVE THAT IS OPERATED FOR THE BENEFIT OF THE EMPLOYEES AND RETIREES OF THE BOULDER VALLEY SCHOOL DISTRICT, THE EMPLOYEES AND RETIREES OF THE INTERNATIONAL BUSINESS MACHINES (IBM) CORPORATION, AND CERTAIN RELATED ORGANIZATIONS, WHO WORK IN COLORADO, WYOMING, MONTANA, IDAHO, AND UTAH, TEACHERS AND RETIREES OF THE ADAMS COUNTY SCHOOL DISTRICT, VARIOUS APPROVED SELECT EMPLOYEE GROUPS AND THEIR FAMILIES AND THE INDIVIDUALS WHO JOINED THE CREIDT UNION BY CONTRIBUTING TO SELECT CHARITABLE ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ANNUALLY ELECT THE BOARD OF DIRECTORS TO SERVE MULTIPLE-YEAR TERMS BY MAILING IN BALLOTS OR VOTING AT AN ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B VARIOUS DECISIONS MADE BY THE BOARD OF DIRECTORS FOR A CREDIT UNION ARE SUBJECT TO APPROVAL BY THE MEMBERS OF THE CREDIT UNION AS SET FORTH IN NCUA RULES AND REGULATIONS AND APPLICABLE STATE REGULATIONS. FORM 990, PART VI, SECTION A, LINE 8B NOT APPLICABLE - NO SUCH COMMITEE. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE CEO, AND THE CHIEF FINANCIAL OFFICER PRIOR TO FILING. THE BOARD OF DIRECTORS RECEIVE A COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AT THE TIME OF HIRE AND AT LEAST ONCE EACH YEAR, ALL EMPLOYEES ARE ASKED TO COMPLETE A WRITTEN ACKNOWLEDGMENT TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. CREDIT UNION VOLUNTEERS ARE SIMILARILY REQUESTED TO DISCLOSE ANY SUCH CONFLICTS OF INTEREST UPON TAKING OFFICE. THE BOARD OF DIRECTORS REVIEWS THE CODE OF CONDUCT POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 FOR THE CEO POSIITON, THE BOARD CHAIRPERSON ANNUALLY CONDUCTS RESEARCH ON EXECUTIVE COMPENSATION, UTILIZING INDUSTRY DATA FROM ORGANIZATIONS SUCH AS CUES AND D. HILTON. THE BOARD APPROVES THE RECOMMENDED COMPENSATION STRUCTURE FOR THE CEO POSITION. FOR TOP MANAGEMENT COMPENSATION, THE CREDIT UNION UTILIZED BALANCEDCOMP AS AN INDEPENDENT COMPENSATION CONSULTANT, AND ALSO VALIDATES BALANCEDCOMP'S DATA AGAINST INDUSTRY SURVEYS SUCH AS CUES. THIS IS DOCUMENTED IN THE CEO'S PERSONNEL FILE. AS STATED ABOVE, FOR TOP MANAGEMENT COMPENSATION, THE CREDIT UNION UTILIZED BALANCEDCOMP AS AN INDEPENDENT COMPENSATION CONSULTANT, AND ALSO VALIDATES BALANCEDCOMP'S DATA AGAINST INDUSTRY SURVEYS SUCH AS CUES. THE TOP OFFICIALS OR ANYONE ELSE WHO REPORTS TO THE CEO HAS AN ANNUAL EVALATION PERFORMED BY THE CEO. THIS ALSO DOCUMENTED IN THE EMPLOYEE'S PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE FOR REVIEW UPON REQUEST AT THE CREDIT UNION. MONTHLY FINANCIAL STATEMENTS ARE AVAILABLE AND ARE ON DISPLAY AT THE CREDIT UNION. QUARTERLY FINANCIAL DATA IS ACCESSIBLE TO THE PUBLIC AT WWW.NCUA.GOV. FORM 990, PART XI, LINE 9: DEFERRAL COMPENSATION CHANGE 525,533. FOOTHILLS FINANCIAL SERVICES INC 5505 ARAPAHOE AVENUE BOULDER CO 80303 840571011 INVESTMENT SERVICES CO PREMIER MEMBERS CREDIT UNION C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0