2017-05-15T10:56:20-05:00 2016-12-31 431887384 STEPHEN LANG & ASSOCIATES LLC 14323 S OUTER 40 STE N205 CHESTERFIELD MO 63017 990 2016-01-01 430739854 VANTAGE CREDIT UNION VANT 3142980055 4020 FEE FEE ROAD BRIDGETON MO 630442708 ERIC V ACREE PRESIDENT & CEO 3142980055 2017-05-15 1 P01203453 3142058601 97.87.82.114 2017-05-15 10:56:03 CD P F833D4313777CB96842A8180D2DBFCFD1CED2197 F833D4313777CB96842A8180D2DBFCFD1CED2197 2016 2021-01-29 14:40:06Z ERIC V ACREE 4020 FEE FEE ROAD BRIDGETON MO 630442708 50322988 0 X WWW.VCU.COM X 1957 MO ENHANCING YOUR LIFE, STRENGTHENING OUR COMMUNITY 7 7 392 10 0 0 0 0 48898347 48481675 629491 1747508 0 0 49527838 50229183 20000 20000 0 0 19848954 20617778 0 0 0 29378432 28633087 49247386 49270865 280452 958318 782378088 827463415 723148344 769546695 59229744 57916720 ENHANCING YOUR LIFE, STRENGTHENING OUR COMMUNITY 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 96,408 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2016, THERE WERE 56,859 LOANS OUTSTANDING TOTALING $505,863,789. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $2,733,117 FOR THE YEAR. 0 0 1 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 17252 0 1 392 1 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 X DOUGLAS E RUCKMAN 3142980055 4020 FEE FEE ROAD BRIDGETON MO 630442708 DR JERRY EICHHOLZ CHAIRMAN 1.00 X 0 0 0 DR WILLIAM SOLOMON VICE CHAIRMAN 1.00 X 1945 0 0 MARK RUDOLPH SECRETARY/TREASURER 1.00 X 940 0 0 DANIEL BOYLE DIRECTOR 1.00 X 0 0 0 TONI MARTIN DIRECTOR 1.00 X 0 0 0 DR PAUL T ZIEGLER DIRECTOR 1.00 X 6228 0 0 WALLY OWEN DIRECTOR 1.00 X 1255 0 0 ERIC V ACREE PRESIDENT & CEO 40.00 X 938981 0 62515 DOUGLAS E RUCKMAN EXECUTIVE VICE PRESIDENT 40.00 X 736191 0 44862 RANDAL T YECK EXECUTIVE VICE PRESIDENT 40.00 X 710637 0 28737 JAMES M COCHRAN EXECUTIVE VICE PRESIDENT 40.00 X 148705 0 25826 TOBY D RAGAINI EXECUTIVE VICE PRESIDENT 40.00 X 142000 0 37024 CINDY A HARBISON PRESIDENT/CEO, MEMBERS RESOURCE 40.00 X 159136 0 25629 JOHN M HOPKINS VICE PRESIDENT, RISK MANAGEMENT 40.00 X 108251 0 36718 KATHLEEN J PALMER VICE PRESIDENT, ECOMMERCE 40.00 X 104361 0 35954 JOHN D OSBORN JR DIRECTOR, DEVELOPMENT/TECHNOVATION 40.00 X 107394 0 35432 HUBERT H HOOSMAN (FORMER) PRESIDENT & CEO 0.00 X 1226632 0 0 4392656 0 332697 10 1 1 0 0 INTEREST ON LOANS 522100 27092036 27092036 FEES & OTHER INCOME 522100 21389639 21389639 48481675 1774540 1774540 66773 93805 -27032 -27032 -27032 50229183 50229183 0 0 20000 1350714 11437137 3577990 3257232 994705 100905 136333 1388682 539546 2927656 2655836 2365619 84532 126690 2701357 517132 PROVISION FOR LOAN LOSS 5719885 LOAN SERVICING 5380741 MEMBER DIVIDENDS 2733117 OTHER LOSSES/CHARGEOFFS 760934 494122 49270865 17907906 20081177 85699580 89787567 571743794 500947281 2065063 1853638 62298087 26370962 34760371 35927125 55922413 157117587 14278961 21749040 782378088 827463415 12322230 16783500 346338 378098 710479776 752385097 723148344 769546695 X 0 0 0 0 59229744 57916720 59229744 57916720 782378088 827463415 X 958318 -686483 -1584859 X 0 1 X 1 0 1810 1810 1810 1 CUPAC OF MISSOURI 2055 CRAIGSHIRE ST LOUIS MO 631464009 431310069 300 CUPAC IL-GEORGE G BURNETT CHAPTER 1807 W DIEHL RD NAPERVILLE IL 605667107 363092340 1510 PART I-A, LINE 1: CONTRIBUTIONS TO VARIOUS CREDIT UNION POLITICAL ACTION COMMITTEES (CUPAC) RELATED TO CUPAC SPONSORED FUNDRAISING EVENTS. 0 1 X 17988758 17988758 22177815 10431869 11745946 2946132 2371487 574645 19185382 13567606 5617776 35927125 TECHATCHERY, LLC 100000 C AFS-US TREASURY NOTES 90265783 F AFS-FEDERAL AGENCY SEC. 14073008 F HTM-FEDERAL AGENCY SEC. 51739996 C FHLB STOCK 938800 C 157117587 MEMBER SHARE DEPOSITS 742760570 PENSION PLAN LIABILITY - SFAS 158 9624527 752385097 X 50251092 22260 22260 50228832 351 351 50229183 49273632 3118 3118 49270514 351 351 49270865 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS FOR INSURANCE AND PROPERTY TAXES RELATED TO MEMBER REAL ESTATE LOANS. IN ADDITION, IN COORDINATION WITH THE "ACCEL" PROGRAM, THE CREDIT UNION PROVIDES MEMBERS WITH FREE FINANCIAL EDUCATION AND COUNSELING. PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL INCOME TAXES EXCEPT FOR CERTAIN PRODUCTS AND SERVICES WHICH HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS) TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE. AS PRESENTED IN TECHNICAL ADVICE MEMORANDUMS, THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES IS SUBJECT TO INCOME TAXES UNDER THE UNRELATED BUSINESS INCOME TAX (UBIT) REGULATIONS. IN MANAGEMENT'S OPINION, THE CREDIT UNION HAS NO UNRELATED BUSINESS INCOME AND NO ACCRUAL HAS BEEN RECORDED. TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, THE ESTIMATED LIABILITY FOR ANY POTENTIAL TAX ASSESSMENT WOULD NOT HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: TECHATCHERY, LLC - TOTAL INCOME 22,260. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY INTEREST INCOME 351. PART XII, LINE 2D - OTHER ADJUSTMENTS: TECHATCHERY, LLC - TOTAL EXPENSES 3,118. PART XII, LINE 4B - OTHER ADJUSTMENTS: INERCOMPANY DIVIDEND EXPENSE 351. 1 $1,000 NON-RENEWABLE SCHOLARSHIPS WERE AWARDED TO TWENTY VCU MEMBERS GRADUATING FROM HIGH SCHOOL 20 20000 PART I, LINE 2: THE "QUEST FOR EDUCATION" SCHOLARSHIP PROGRAM AWARDS TWENTY NON-RENEWABLE $1,000 SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS. TO BE ELIGIBLE, ENTRANTS MUST BE A VANTAGE PRIMARY ACCOUNT HOLDER AND SUBMIT A COMPLETED APPLICATION. APPLICATIONS ARE JUDGED BY A COMMITTEE OF VANTAGE CREDIT UNION VOLUNTEERS, MEMBERS AND EMPLOYEES. FUNDS ARE DISTRIBUTED DIRECTLY TO THE RECIPIENTS' CHOSEN ACCREDITED COLLEGE OR UNIVERSITY AT THE TIME OF FALL REGISTRATION AND CAN BE USED FOR BOOKS AND TUITION. X 1 1 X X X X 0 1 0 ERIC V ACREE PRESIDENT & CEO 340039 0 0 0 598942 0 36985 0 25530 0 1001496 0 0 0 DOUGLAS E RUCKMAN EXECUTIVE VICE PRESIDENT 166262 0 0 0 569929 0 19567 0 25295 0 781053 0 0 0 RANDAL T YECK EXECUTIVE VICE PRESIDENT 159611 0 0 0 551026 0 18698 0 10039 0 739374 0 0 0 JAMES M COCHRAN EXECUTIVE VICE PRESIDENT 145705 0 0 0 3000 0 16181 0 9645 0 174531 0 0 0 TOBY D RAGAINI EXECUTIVE VICE PRESIDENT 142000 0 0 0 0 0 15265 0 21759 0 179024 0 0 0 CINDY A HARBISON PRESIDENT/CEO, MEMBERS RESOURCE 145036 0 7500 0 6600 0 16113 0 9516 0 184765 0 0 0 HUBERT H HOOSMAN (FORMER) PRESIDENT & CEO 0 0 0 0 1226632 0 0 0 0 0 1226632 0 0 0 PART I, LINE 1A THE CREDIT UNION PROVIDED TRAVEL FOR COMPANIONS OF THE FOLLOWING BOARD MEMBERS: DR. JERRY EICHHOLZ, CHAIRMAN - $299 DR. WILLIAM SOLOMON, VICE CHAIRMAN - $1,945 MARK RUDOLPH, SECRETARY/TREASURER - $940 DR. PAUL ZIEGLER, DIRECTOR - $6,228 WALLY OWEN, DIRECTOR - $1,255 APPLICABLE FORMS 1099-MISC WERE FILED WHEN REQUIRED. PART I, LINE 3 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION WITH THE ASSISTANCE OF AN INDEPENDENT CONSULTANT AND PURSUANT TO A SIGNED EMPLOYMENT CONTRACT. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. PART I, LINE 4B IN 2016, THE FOLLOWING EXECUTIVES RECEIVED DISTRIBUTIONS FROM THEIR 457(F) DEFERRED COMPENSATION PLANS. THE EXECUTIVES AND AMOUNTS ARE LISTED BELOW: ERIC V. ACREE, PRESIDENT & CEO - $598,942 DOUGLAS E. RUCKMAN, EXECUTIVE VICE PRESIDENT - $569,929 RANDAL T. YECK, EXECUTIVE VICE PRESIDENT - $551,026 HUBERT H. HOOSMAN, FORMER PRESIDENT & CEO - $1,226,632 ALL AMOUNTS WERE REPORTED AS WAGES ON RESPECTIVE W-2 FORMS. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B SIGNIFICANT CHANGES SUCH AS CHANGES TO BYLAWS ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B AN OUTSIDE ACCOUNTING FIRM PREPARES THE FORM 990 BASED ON DATA PROVIDED BY CREDIT UNION MANAGEMENT. UPON COMPLETION, IT IS REVIEWED BY MEMBERS OF SENIOR MANAGEMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE PRESIDENT AND ALL DIRECTORS, COMMITTEE MEMBERS, AND KEY EMPLOYEES ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY, DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS, AND SUBMIT A SIGNED STATEMENT TO THAT EFFECT. THESE STATEMENTS ARE MAINTAINED ON FILE AT THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION WITH THE ASSISTANCE OF AN INDEPENDENT CONSULTANT AND PURSUANT TO A SIGNED EMPLOYMENT CONTRACT. ALL OTHER MANAGEMENT COMPENSATION IS DETERMINED BY THE PRESIDENT AND IS PRESENTED AS PART OF THE BUDGET PACKAGE TO THE BOARD OF DIRECTORS FOR APPROVAL. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PRESENTED AT THE ANNUAL MEETING AND ARE AVAILABLE UPON REQUEST. IN ADDITION, THE NCUA WEBSITE POSTS FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS, POLICIES, AND PROCEDURES ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: PENSION LIABILITY ADJUSTMENT -1,584,859. MEMBERS RESOURCES LLC 4020 FEE FEE ROAD BRIDGETON MO 63044 274479158 CREDIT UNION SERVICE ORGANIZATION PROVIDING MORTGAGE AND INSURANCE SERVICES MO 1185947 5235842 TECHATCHERY LLC 4020 FEE FEE ROAD BRIDGETON MO 63044 272789465 CREDIT UNION SERVICE ORGANIZATION PROVIDING IT SOFTWARE SERVICES MO C 22260 131343 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0