2017-11-15T14:07:11-06:00 2016-12-31 420714325 RSM US LLP 4801 MAIN STREET SUITE 400 KANSAS CITY MO 64112 990 2016-01-01 446015072 COMMUNITYAMERICA CREDIT UNION COMM 9139057000 9777 RIDGE DRIVE LENEXA KS 66219 BILL EVANS CONTROLLER 9139057000 2017-11-14 1 STEVE JOHNSON P00092656 8167533000 69.174.87.76 2017-11-14 17:14:18 CS P 43426D2DC3D8343BDE73CC09D9D025F9F6D8D964 A1D08BF507738E2EECD349CA819CB72992590DEC 2016 2017-02-10 21:41:12Z LISA GINTER 9777 RIDGE DRIVE LENEXA KS 66219 157868858 0 1984 X WWW.CACU.COM X 1940 MO COMMUNITYAMERICA CREDIT UNION'S PRIMARY MISSION IS TO PROMOTE THE FINANCIAL WELL BEING OF OUR CREDIT UNION MEMBERS THROUGH FINANCIAL SERVICES AND PRODUCTS. 10 10 653 15 629106 -202156 0 0 120969713 133027202 20522284 24468326 415790 373330 141907787 157868858 45784 0 0 0 59044058 60091004 0 0 0 63231492 75743205 122321334 135834209 19586453 22034649 2176866500 2388440727 1890929300 2081466959 285937200 306973768 COMMUNITYAMERICA CREDIT UNION'S PRIMARY PURPOSE IS TO PROMOTE THE FINANCIAL WELL BEING OF ITS CREDIT UNION MEMBERS THROUGH FINANCIAL SERVICES AND PRODUCTS. 0 0 COMMUNITYAMERICA CREDIT UNION PROVIDES FINANCIAL PRODUCTS AND SERVICES TO 204,956 MEMBERS. THE FINANCIAL PRODUCTS AND SERVICES PROVIDED TO OUR MEMBERS INCLUDED 96,113 LOANS AT COMPETITIVE RATES. THE FINANCIAL PRODUCTS AND SERVICES PROVIDED TO OUR MEMBERS ALSO INCLUDE 420,029 DEPOSIT ACCOUNTS AT COMPETITIVE YIELDS. 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 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 77834 0 1 653 1 1 1 0 0 0 0 0 X 10 10 1 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 1 0 0 X TIMOTHY SARACINI 9139057000 9777 RIDGE DRIVE LENEXA KS 66219 RICHARD MILLER CHAIRMAN 1.00 X X 0 0 0 COLLEEN BROWNE CPO 1.00 X X 284011 0 12768 TRENT SKAGGS DIRECTOR 1.00 X 0 0 0 BRADLEY DOUGLAS THRU JAN 2016 VICE-CHAIRMAN 2.00 X X 0 0 0 TERRI MARTIN DIRECTOR 1.00 X 0 0 0 RICHARD WETZEL DIRECTOR 1.00 X 0 0 0 KERRY DOMKE VICE-CHAIRMAN 1.00 X X 0 0 0 YIJING BRENTANO DIRECTOR 1.00 X 0 0 0 HAL BENTLEY SUPERVISORY COMMITTEE 1.00 X 0 0 0 STEPHANIE FISHER SUPERVISORY COMMITTEE 1.00 X 0 0 0 JOSEPH WILLIAMS SUPERVISORY COMMITTEE CHAIR 1.00 X 0 0 0 AMY MCANARNEY DIRECTOR 1.00 X 0 0 0 DEAN NEWTON SECRETARY/TREASURER 1.00 X 0 0 0 MELANIE COLEMAN SUPERVISORY COMMITTEE 1.00 X 0 0 0 STEPHEN KROPP DIRECTOR 1.00 X 0 0 0 DAVID SHEPARD DIRECTOR 1.00 X 0 0 0 JOSHUA JOHNSON SUPERVISORY COMMITTEE 1.00 X 0 0 0 PAM BERNEKING CHIEF COMMERCIAL OFFICER 40.00 X X 48821 0 2414 LINDA BORING VP, MEMBER OPPS & SUPPORT 40.00 X X 186654 0 30984 AMY DOLL VP, FINANCE & ACCOUNTING SVCS, CONTROLLER 40.00 X X 0 0 0 MATT JOHNSON VP, MARKETING 40.00 X X 0 0 0 JOHN WATTS VP, CORPORATE SERVICES, LEGAL AFFAIRS 40.00 X X 168077 0 31121 LISA GINTER CEO 40.00 X 993015 0 37243 SEREPTHA HELM CAO & GENERAL COUNCIL 40.00 X 269028 0 31830 RICHARD SCHIER SVP - CHIEF MEMBER OFFICER 40.00 X 281976 0 37849 TIMOTHY SARACINI CFO 40.00 X 384383 0 54294 MIKE HAGGERTY CEO - CUSO ONE 40.00 X 0 0 0 ROBERT PERSAUD CHIEF MARKETING OFFICER 40.00 X 649830 0 20925 RANCE CARLSON SR FINANCIAL ADVISOR 40.00 X 0 0 0 JEFF VINEYARD VP FINANCIAL PLANNING 40.00 X 0 0 0 GUY RUSSO CIO 40.00 X 328429 0 36781 CARRIE O'CONNOR SVP - CHIEF CONSUMER LENDING OFFICER 40.00 X 266590 0 30291 AMY GROTHAUS VP, MEMBER EXPERIENCE 40.00 X 160047 0 19483 MICHAEL GARRETT TREASURER 40.00 X 164699 0 37449 BILL EVANS VP CONTROLLER 40.00 X 229048 0 31237 JEAN CLAYTOR VP HR 40.00 X 177075 0 18277 VICTORIA SNEED VP DIGITAL SOLUTIONS 40.00 X 171375 0 27726 DAVID BRESSLER VP CONSUMER LENDING 40.00 X 163900 0 23305 DARREN EPPERSON VP PRODUCT INSIGHTS & INNOVATION 40.00 X 207073 0 17273 JENNIFER BOREN VP EPMO & PROGRAM SERVICES 40.00 X 152373 0 9111 DENNIS PIERCE LEGISLATIVE LIAISON 40.00 X 1311024 0 0 EDWIN RAFFERTY MORTGAGE CONSULTANT 40.00 X 603125 0 37243 JASON KEPLER MORTGAGE CONSULTANT 40.00 X 355614 0 37134 TIMOTHY MCGRATH MORTGAGE CONSULTANT 40.00 X 234118 0 30062 JAMES WELSH DIRECTOR IS 40.00 X 169437 0 15673 7959722 0 630473 63 0 1 0 ISG TECHNOLOGY LLC 7929 BOND ST LENEXA KS 66214 IT SUPPORT 3735907 DIGITAL INSIGHT CORPORATION 1300 SEAPORT BLVD SUITE 300 REDWOOD CITY CA 94063 ONLINE/MOBILE SERVICES 2436304 BAILEY LAUERMAN 1299 FARNAM STREET OMAHA NE 68102 MARKETING/MEDIA 2060935 AL HUBER 10770 EL MONTE OVERLAND PARK KS 66211 GENERAL CONTRACTING 1743749 MICRODYNAMICS GROUP 1400 SHORE ROAD NAPERVILLE IL 60563 PRINTING 758901 58 INTEREST ON LOANS 522200 64041063 64041063 SERVICE FEES 522100 44406867 44406867 OTHER OPERATING INCOME 900099 14840081 14840081 INTEREST ON INVESTMENTS 525990 8129229 8129229 ALL OTHER PROGRAM SERVICE REVENUE 525990 781370 255906 495965 29499 828592 695451 133141 133027202 373330 0 373330 373330 373330 24468326 0 24468326 24468326 24468326 157868858 156836923 629106 402829 5796766 42063235 3077546 5730003 3423454 765649 257206 487048 7345078 4613874 8308274 6011907 5418600 400008 955742 17682396 4033663 446760 PROVISION FOR LOAN LOSS 8850000 MISCELLANEOUS OPERATION 5700143 LOAN SERVICING 3368008 DUES AND SUBSCRIPTIONS 796888 301961 135834209 177257496 111362724 26341758 16528283 7455 3529168 1381671334 1478198085 3581457 34585418 90759307 40409402 41411052 50349905 470265388 594838544 -10000 39850136 459822 76348015 58731187 2176866500 2388440727 11280031 18429545 2649856 4538322 1918455160 108508706 112521619 1766602241 29410779 1890929300 2081466959 X 0 0 0 0 285937200 306973768 285937200 306973768 2176866500 2388440727 X 22034649 1778079 -2776160 X X 0 1 X 1 0 50000 PART I-A, LINE 1: COMMUNITYAMERICA DONATES FUNDS TO VARIOUS POLITICAL ACTION COMMITTEES AND STATE AND LOCAL GOVERNMENT CANDIDATES THAT PROMOTE AND SUPPORT THE ACTIVITIES OF FINANCIAL INSTITUTIONS, AND MISSOURI AND KANSAS BUSINESSES. 0 1 X 10578564 10578564 35268305 15980107 19288198 6819965 4925991 1893974 27577819 19503304 8074515 10514654 10514654 50349905 OTHER LIABILITIES 15652544 SPECIAL DIVIDENDS TO MEMBERS 8100000 DEFERRED COMP LIABILITY 5658235 29410779 X PART IV, LINE 2B: AS PART OF OUR NORMAL FIRST MORTGAGE LOAN SERVICING PROCESSES, PAYMENTS ARE COLLECTED MONTHLY FROM THE BORROWER AND PLACED IN ESCROW TO PAY THEIR REAL ESTATE TAXES AND HOMEOWNER INSURANCE. COMMUNITYAMERICA PAYS THE TAXES AND INSURANCE PREMIUMS WHEN DUE ON BEHALF OF THE BORROWER. PART X, LINE 2: THE CREDIT UNION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC 740, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE CREDIT UNION MAY RECOGNIZE THE TAX BENEFITS FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. THIS STANDARD DID NOT HAVE AN IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS AND THE CREDIT UNION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. X X X 1 1 X 1 1 0 COLLEEN BROWNE CPO 284011 0 0 0 0 0 11678 0 1090 0 296779 0 0 0 LINDA BORING VP, MEMBER OPPS & SUPPORT 186654 0 0 0 0 0 11433 0 19551 0 217638 0 0 0 JOHN WATTS VP, CORPORATE SERVICES, LEGAL AFFAIR 168077 0 0 0 0 0 10577 0 20544 0 199198 0 0 0 LISA GINTER CEO 769354 0 223661 0 0 0 15900 0 21343 0 1030258 0 0 0 SEREPTHA HELM CAO & GENERAL COUNCIL 269028 0 0 0 0 0 9077 0 22753 0 300858 0 0 0 RICHARD SCHIER SVP - CHIEF MEMBER OFFICER 281976 0 0 0 0 0 15900 0 21949 0 319825 0 0 0 TIMOTHY SARACINI CFO 384383 0 0 0 0 0 33900 0 20394 0 438677 0 0 0 ROBERT PERSAUD CHIEF MARKETING OFFICER 415830 0 0 0 234000 0 6729 0 14196 0 670755 0 0 0 GUY RUSSO CIO 328429 0 0 0 0 0 15900 0 20881 0 365210 0 0 0 CARRIE O'CONNOR SVP - CHIEF CONSUMER LENDING OFFICER 266590 0 0 0 0 0 15900 0 14391 0 296881 0 0 0 AMY GROTHAUS VP, MEMBER EXPERIENCE 160047 0 0 0 0 0 1000 0 18483 0 179530 0 0 0 MICHAEL GARRETT TREASURER 164699 0 0 0 0 0 15368 0 22081 0 202148 0 0 0 BILL EVANS VP CONTROLLER 188679 0 0 0 40369 0 9494 0 21743 0 260285 0 0 0 JEAN CLAYTOR VP HR 177075 0 0 0 0 0 11034 0 7243 0 195352 0 0 0 VICTORIA SNEED VP DIGITAL SOLUTIONS 171375 0 0 0 0 0 10629 0 17097 0 199101 0 0 0 DAVID BRESSLER VP CONSUMER LENDING 163900 0 0 0 0 0 344 0 22961 0 187205 0 0 0 DARREN EPPERSON VP PRODUCT INSIGHTS & INNOVATION 161342 0 0 0 45731 0 7217 0 10056 0 224346 0 0 0 JENNIFER BOREN VP EPMO & PROGRAM SERVICES 152373 0 0 0 0 0 9111 0 0 0 161484 0 0 0 DENNIS PIERCE LEGISLATIVE LIAISON 1311024 0 0 0 0 0 0 0 0 0 1311024 0 0 0 EDWIN RAFFERTY MORTGAGE CONSULTANT 603125 0 0 0 0 0 15900 0 21343 0 640368 0 0 0 JASON KEPLER MORTGAGE CONSULTANT 355614 0 0 0 0 0 15900 0 21234 0 392748 0 0 0 TIMOTHY MCGRATH MORTGAGE CONSULTANT 234118 0 0 0 0 0 14470 0 15592 0 264180 0 0 0 JAMES WELSH DIRECTOR IS 169437 0 0 0 0 0 10186 0 5487 0 185110 0 0 0 PART I, LINE 1A COMMUNITYAMERICA PROVIDED TRAVEL FOR COMPANIONS, IF REQUESTED, FOR ALL PERSONS LISTED. THIS BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION TO THE PERSON LISTED, BUT TO THE TRAVELING COMPANION. GROSSED-UP LONG TERM DISABILITY PREMIUMS ARE INCLUDED IN DENNIS PIERCE'S TAXABLE COMPENSATION. THE SENIOR OFFICERS OF COMMUNITYAMERICA ARE REIMBURSED FOR INCOME TAX PREPARATION EXPENSES, IF REQUESTED. THESE REIMBURSEMENTS ARE INCLUDED IN THEIR TAXABLE COMPENSATION. PART I, LINES 4A-B 4A: THE FOLLOWING INDIVIDUALS RECEIVED A SEVERANCE PAYMENT OR A CHANGE OF CONTROL PAYMENT: ROB PERSAUD - $234,000 BILL EVANS - $40,369 DARREN EPPERSON - $45,731 4B: THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: TIM SARACINI - $18,000 MICHAEL GARRETT - $4,876 TRENT SKAGGS BOARD MEMBER PERSONAL X 380000 206084 0 0 1 STEPHEN KROPP BOARD MEMBER PERSONAL X 42628 14814 0 0 1 HAROLD BENTLEY BOARD MEMBER PERSONAL X 0 826 0 0 1 LINDA BORING OFFICER PERSONAL X 280000 134787 0 0 1 COLLEEN BROWNE OFFICER PERSONAL X 0 959 0 0 1 MICHAEL GARRETT KEY EMPLOYEE PERSONAL X 515700 473783 0 0 1 LISA GINTER OFFICER PERSONAL X 508500 491693 0 1 1 AMY GROTHAUS OFFICER PERSONAL X 0 4407 0 1 1 SERRI HELM OFFICER PERSONAL X 370000 235656 0 1 1 CARRIE O'CONNOR KEY EMPLOYEE PERSONAL X 418950 392877 0 1 1 GUY RUSSO KEY EMPLOYEE PERSONAL X 214300 11422 0 1 1 TIM SARACINI OFFICER PERSONAL X 110000 1918 0 1 1 RICK SCHIER OFFICER PERSONAL X 328350 271989 0 1 1 VICKY SNEED KEY EMPLOYEE PERSONAL X 428500 346119 0 1 1 JOHN WATTS OFFICER PERSONAL X 222500 181247 0 1 1 AMY DOLL OFFICER PERSONAL X 354000 355218 0 1 1 MATT JOHNSON OFFICER PERSONAL X 414567 405369 0 1 1 3529168 FORM 990, PART VI, SECTION A, LINE 2 LISA GINTER, CEO OF COMMUNITY AMERICA CREDIT UNION, AND MIKE HAGGERTY, CEO OF CUSO ONE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 AS A COOPERATIVE, COMMUNITYAMERICA IS OWNED BY ITS MEMBERS. TO BE A MEMBER, YOU MUST MEET CERTAIN QUALIFICATIONS. MEMBERSHIP ENTITLES YOU TO CONDUCT BUSINESS WITH THE CREDIT UNION AND VOTE IN MATTERS OF THE CREDIT UNION. EVERY MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A COMMUNITYAMERICA UTILIZES A NOMINATING COMMITTEE TO PROPOSE CANIDATES FOR THE BOARD OF DIRECTORS. NOMINATIONS FOR VACANCIES AND/OR AGENDA ITEMS FOR THE ANNUAL MEETING MAY BE SUBMITTED BY THE GENERAL MEMBERSHIP BY PETITION. BOARD MEMBERS ARE APPROVED AT THE ANNUAL MEETING BY ACCLAMATION. FORM 990, PART VI, SECTION A, LINE 7B AN ACTUAL VOTE BY THE MEMBERSHIP IS REQUIRED TO CHANGE THE CREDIT UNION'S CHARTER OR CERTAIN BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL NOT BE REVIEWED BY MEMBERS OF THE MANAGEMENT TEAM PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND EMPLOYEES ARE REQUIRED TO DISCLOSE ANY PERSON OR ENTITY THAT THEY HAVE A RELATIONSHIP WITH ON AN ANNUAL BASIS. THESE RELATIONSHIPS ARE CODED INTO FINANCIAL SOFTWARE THAT PREVENTS A PERSON FROM PERFORMING TRANSACTIONS ON A RELATED ACCOUNT. FORM 990, PART VI, SECTION B, LINE 15A A COMPENSATION COMMITTEE DETERMINES THE RECOMMENDED COMPENSATION FOR THE CEO. AN INDEPENDENT COMPENSATION CONSULTANT UTILIZES COMPARABILTIY DATA TO DETERMINE THE CEO COMPENSATION PACKAGE. THE COMMITTEE'S RECOMMENDATION IS THEN PRESENTED TO THE BOARD FOR THEIR APPROVAL. THE CEO DETERMINES THE COMPENSATION OF THE TOP MANAGEMENT OFFICIALS. FORM 990, PART VI, SECTION C, LINE 19 COMMUNITYAMERICA WILL CONSIDER MAKING ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FINANCIAL STATEMENTS ARE POSTED MONTHLY AT EACH BRANCH FOR PUBLIC REVIEW. THEY ARE ALSO AVAILABLE AT THE ANNUAL MEETING. FORM 990, PART XI, LINE 9: PASS-THROUGH INCOME FROM PARTNERSHIPS -277,760. ACCUMULATED OTHER COMPREHENSIVE INCOME -5,631,000. NONCONTROLLING INTEREST 990,000. CREDIT UNION MERGER 2,134,865. PRIOR PERIOD ADJUSTMENT 7,735. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. NEITHER THE OVERSIGHT PROCESS NOR THE SELECTION PROCESS CHANGED DURING THE TAX YEAR. COMMUNITYAMERICA CUSO ONE LLC 9777 RIDGE DRIVE LENEXA KS 66219 431925982 HOLDING COMPANY MO 2046373 61271549 COMMUNITYAMERICA CREDIT UNION COMMUNITYAMERICA FINANCIAL SOLUTIONS 9777 RIDGE DRIVE LENEXA KS 66219 460046643 SECURITIES AND ADVISORY SERVICES MO 177010 2814093 COMMUNITYAMERICA CUSO ONE CASE LLC 9777 RIDGE DRIVE LENEXA KS 66219 HOLDING COMPANY MO 0 0 COMMUNITYAMERICA CREDIT UNION TRUHOME SOLUTIONS LLC 9777 RIDGE DRIVE LENEXA KS 66219 760762186 MORTGAGE COMPANY MO CUSO ONE LLC RELATED 1571352 34504022 0 1 0.61650 TRUHOME TITLE SOLUTIONS LLC 9777 RIDGE DRIVE LENEXA KS 66219 204959088 TITLE SERVICES MO CUSO ONE LLC RELATED 240018 468135 0 1 0.68500 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 TRUEHOME SOLUTIONS LLC A 373330 FMV TRUEHOME SOLUTIONS LLC M 832518 FMV TRUEHOME SOLUTIONS LLC O 133144 FMV TRUEHOME SOLUTIONS LLC Q 1247499 FMV TRUEHOME TITLE SOLUTIONS LLC O 13840 FMV TRUEHOME TITLE SOLUTIONS LLC Q 79081 FMV