2017-01-31T19:34:30-06:00 2015-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2015-01-01 480570799 MERITRUST CREDIT UNION MERI 3166831199 8710 EAST 32ND STREET NORTH WICHITA KS 67226 RANDY DOERKSEN CFO 3166831199 2017-01-31 1 DOUGLAS J ORTH P01076394 3052328272 2015 2021-01-29 14:40:06Z X JAMES NASTARS 8710 EAST 32ND STREET NORTH WICHITA KS 67226 62223952 0 X WWW.MERITRUSTCU.ORG X 1936 KS 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 MEMBERS' ASSETS IS OUR MAIN OBJECTIVE AND WE WILL MANAGE OUR BUSINESS IN AN ECONOMICALLY SOUND MANNER. 5 5 384 11 547014 -86996 0 0 51808810 52633436 783136 739495 7204077 8641520 59796023 62014451 0 0 0 0 16283473 18122118 0 0 0 34514200 36645285 50797673 54767403 8998350 7247048 950647018 1109925552 850106727 1002599286 100540291 107326266 X 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 MEMBERS' ASSETS IS OUR MAIN OBJECTIVE AND WE WILL MANAGE OUR BUSINESS IN AN ECONOMICALLY SOUND MANNER. 0 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 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 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 11915 0 1 384 1 1 1 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 1 0 X JAMES NASTARS 3166831199 8710 EAST 32ND STREET NORTH WICHITA KS 67226 MARCI JOHNSON SECRETARY/TREASURER 3.00 X 0 0 0 STEVE DUNN DIRECTOR 3.00 X 2947 0 0 RICK DODDS CHAIRMAN 3.00 X 1822 0 0 KEN GRETEMAN DIRECTOR 3.00 X 0 0 0 DUANE VAN CAMP VICE-CHAIRMAN 3.00 X 0 0 0 JAMES NASTARS PRESIDENT/CEO 40.00 X 362010 0 8905 RANDY DOERKSEN CFO 40.00 X 179754 0 10757 WADE BRUENDL SVP STRATEGY&DEVELOPMENT/CIO 40.00 X 224732 0 12186 BRIAN DAVIDSON SVP LENDING/CLO 40.00 X 212117 0 11549 EVAN WILSON VP CORPORATE ENGAGEMENT 40.00 X 171245 0 10952 JAMIE TAULBEE VP OF MARKETING 40.00 X 152526 0 2504 KAREN CALLAWAY VP OF RISK MANAGEMENT 40.00 X 145397 0 8926 CLIFFORD SHOFF DIRECTOR OF IT 40.00 X 108181 0 4401 KIMBERLY ROWLEY VP RETAIL OPERATIONS 40.00 X 115731 0 8476 1676462 0 78656 14 0 1 0 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 900516606 ONLINE/MOBILE BANKING 1638820 ALEXANDER OPEN SYSTEMS PO BOX 872380 KANSAS CITY MO 64187 NETWORK STORAGE 1492638 ROUTE 66 WARRANTY PO BOX 1075 MOUNTAIN HOME AR 726541075 EXTENDED WARRANTIES 1030712 FISERV PO BOX 99924 GRAPEVINE TX 76099 DNA/SOFTWARE 562660 TECHNICAL PROGRAMMING 5544 S 104TH EAST AVE TULSA OK 74146 POSTAGE 496602 36 INCOME FROM LOANS 522100 43596775 43596775 FEES/CHARGES 522100 8489647 8489647 UNRELATED INVESTMENT INCOME 523000 340722 340722 NON-MEMBER ATM FEE INCOME 900099 117068 117068 UNRELATED WARRANTY INCOME 524298 89224 89224 52633436 856985 856985 2340 0 2340 2340 2340 92011 209501 -117490 -117490 -117490 MISCELLANEOUS INCOME 522100 7749650 7749650 GAIN ON MORTGAGES 522100 889530 889530 8639180 62014451 61467437 547014 0 1026779 1026779 12743246 12743246 131175 131175 3142553 3142553 1078365 1078365 493301 493301 47542 47542 136851 136851 522894 522894 1733279 1733279 2073989 2073989 2930705 2930705 1536899 1536899 337611 337611 8461593 8461593 180804 180804 2873363 2873363 174098 174098 PROVISION FOR LOAN LOSS 9191802 9191802 LOAN SERVICING 2924446 2924446 VISA INTERCHANGE/DPS FE 1840156 1840156 MAINTENANCE 760942 760942 425010 425010 54767403 54767403 0 0 51690193 60626643 1725861 1456142 817762874 968154017 3681897 3689360 52057927 24657679 27797850 27400248 20814569 18172805 2000000 2000000 25173774 28426337 950647018 1109925552 8149355 9877561 45000000 46571000 796957372 946150725 850106727 1002599286 X 0 0 0 0 100540291 107326266 100540291 107326266 950647018 1109925552 X 7247048 -113867 -347206 X 0 1 X 1 0 6397178 6397178 23082847 5871522 17211325 1196699 1017369 179330 21381203 17768788 3612415 27400248 SHARE DRAFTS 133097049 SHARES 149319154 MONEY MARKET ACCOUNTS 188038119 IRA SHARES 58721558 SHARES AND IRA CERTIFICATES 320997361 NON-MEMBER CERTIFICATES 95977484 946150725 X 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 FASB ASC 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. CURRENTLY, THE 2014, 2013, AND 2012 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. X 0 1 X X 0 0 0 JAMES NASTARS PRESIDENT/CEO 329910 0 32100 0 0 0 4761 0 4144 0 370915 0 0 0 RANDY DOERKSEN CFO 175894 0 3860 0 0 0 6960 0 3797 0 190511 0 0 0 WADE BRUENDL SVP STRATEGY&DEVELOPMENT/CIO 199308 0 25424 0 0 0 8250 0 3936 0 236918 0 0 0 BRIAN DAVIDSON SVP LENDING/CLO 191179 0 20938 0 0 0 7676 0 3873 0 223666 0 0 0 EVAN WILSON VP CORPORATE ENGAGEMENT 154289 0 16956 0 0 0 7268 0 3684 0 182197 0 0 0 JAMIE TAULBEE VP OF MARKETING 136380 0 16146 0 0 0 1291 0 1213 0 155030 0 0 0 KAREN CALLAWAY VP OF RISK MANAGEMENT 131395 0 14002 0 0 0 6018 0 2908 0 154323 0 0 0 PART I, LINE 1B THE INFORMAL POLICY IS THE TRAVEL FOR COMPANIONS IS LIMITED TO ONE TRIP PER YEAR AND THE BENEFIT IS TAXABLE. FORM 990, PART VI, SECTION A, LINE 6 THE 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 11 THE CFO IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN. THE RETURN IS REVIEWED BY THE CONTROLLER AND THE BOARD OF DIRECTORS. 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 ACKNOWLEDGMENT AND COMMITMENT 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 OF INTEREST, THEY MUST PROMPTLY AND FULLY DISCLOSE THE POTENTIAL CONFLICT TO THE CHIEF EXECUTIVE OFFICER AND THE CHAIRPERSON OF THE BOARD IN ACCORDANCE WITH POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION USES 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 TO THE PUBLIC ON THE NCUA'S WEBSITE VIA THE 5300 CALL REPORT FILING. 990, PAGE 1, B "AMENDED" AMENDMENTS TO ORIGINAL FORM 990: (1) THE ANSWERS TO QUESTIONS 12A AND 12C IN PART VI, SECTION B WERE CHANGED FROM NO TO YES. THE CORRESPONDING SCHEDULE O NARRATIVE FOR LINE 12C WAS UPDATED AS WELL. (2) THE ANSWER TO LINE 11A WAS CHANGED TO YES AS THE BOARD OF DIRECTORS WAS PRESENTED A COPY OF THE AMENDED FORM 990 PRIOR TO FILING. THE CORRESPONDING SCHEDULE O NARRATIVE WAS UPDATED TO REFLECT THIS PROCESS. FORM 990, PART XI, LINE 9: NET PENSION LOSSES -347,206. CUSTOM FINANCIAL RESOURCE 8710 E 32ND STREET NORTH WICHITA KS 67226 481231931 FINANCIAL KS MERITRUST CREDIT UNION C 119825 436944 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CUSTOM FINANICAL RESOURCES INC N 6000 ESTIMATE CUSTOM FINANICAL RESOURCES INC O 60000 ESTIMATE