2017-11-07T13:23:10-06:00 2016-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2016-01-01 840470451 CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO CRED 7195741100 7250 CAMPUS DRIVE COLORADO SPRINGS CO 809206517 MARY COON CFO 7195506760 2017-11-07 1 DOUGLAS J ORTH P01076394 3052328272 50.235.194.18 2017-11-07 13:42:00 ES P 062293E64DF58CF8D35332F263D6456F83B37FCF 062293E64DF58CF8D35332F263D6456F83B37FCF 2016 2021-01-29 14:40:06Z X ENT CREDIT UNION CHAD GRAVES 7250 CAMPUS DRIVE COLORADO SPRINGS CO 809206517 244197775 0 X ENT.COM X 1991 CO THE MISSION OF ENT CREDIT UNION IS TO IMPROVE MEMBERS' QUALITY OF LIFE THROUGH EDUCATION, UNBIASED FINANCIAL ADVICE, AND ACCESS TO THE HIGHEST QUALITY FINANCIAL PRODUCTS AND SERVICES. 9 9 800 16 1261446 -541831 0 150714131 167763824 10404352 10072510 2087406 7878078 163205889 185714412 787883 524525 0 49587224 54908352 0 0 65465199 73871040 115840306 129303917 47365583 56410495 4389713766 4739287724 3853860749 4145306312 535853017 593981412 THE MISSION OF ENT CREDIT UNION IS TO IMPROVE MEMBERS' QUALITY OF LIFE THROUGH EDUCATION, UNBIASED FINANCIAL ADVICE, AND ACCESS TO THE HIGHEST QUALITY FINANCIAL PRODUCTS AND SERVICES. 0 0 ENT CREDIT UNION SERVES FREMONT, PUEBLO, EL PASO, TELLER, DOUGLAS, ARAPAHOE, DENVER AND JEFFERSON COUNTIES. THE CREDIT UNION IMPROVES OUR MEMBER'S QUALITY OF LIFE BY OFFERING A FULL ARRAY OF PRODUCTS AND SERVICES INCLUDING DEPOSITORY AND LOAN PRODUCTS, ATM/DEBIT PROGRAM, FINANCIAL EDUCATION, INSURANCE AND INVESTMENT SALES. WE ENDED THE YEAR WITH 280,861 MEMBERS AND 310,253 SHARE ACCOUNTS. THERE WERE 68,045 LOANS GRANTED TOTALING $1,773,630,844. ENT CREDIT UNION CURRENTLY OFFERS 26 BRANCH LOCATIONS WITH A WIDE ARRAY OF REMOTE OPTIONS THROUGH OUR COOPERATION WITH THE COOP ATM NETWORK, SHARED BRANCH NETWORK AND ONLINE/MOBILE BANKING SOLUTIONS. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 182536 0 1 800 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X MARY COON 7195741100 7250 CAMPUS DRIVE COLORADO SPRINGS CO 809206517 LORI KURTZ BOARD CHAIR 1.00 X 2497 0 0 STEPHEN FUSCHER BOARD VICE CHAIR 1.00 X 4955 0 0 STEVEN DUCOFF BOARD SECRETARY 1.00 X 8219 0 0 RON MARTINEZ BOARD TREASURER 1.00 X 10479 0 0 WILLIAM AYEN BOARD MEMBER 1.00 X 4153 0 0 WALTER GLOVER BOARD MEMBER 1.00 X 9369 0 0 RICHARD KALLETTA BOARD MEMBER 1.00 X 7017 0 0 MEREDITH VAUGHAN BOARD MEMBER 1.00 X 1354 0 0 LUIS VELEZ BOARD MEMBER 1.00 X 4044 0 0 RANDY BERNSTEIN PRESIDENT/CEO 40.00 X 1100982 0 299625 WILLIAM VOGENEY SREVP FIN/LOANS 40.00 X 491165 0 111571 CHAD GRAVES SREVP OPS/TECH 40.00 X 412774 0 150963 MARY COON EVP/CFO 40.00 X 440967 0 106257 MATTHEW GENDRON EVP/OPS 40.00 X 312419 0 29660 BARBARA WINTER EVP/ORG RESOURCES 40.00 X 298266 0 34015 JON PAUKOVICH SVP/CLO 40.00 X 275005 0 80973 CHRIS MARSHALL SVP/CIO 40.00 X 267253 0 39660 STEPHANIE DOMBROWSKI MLO 40.00 X 494424 0 20284 GINA ALLMAN MLO 40.00 X 276661 0 14118 THOMAS BECHTEL MLO 40.00 X 275188 0 19497 KERI GASS MLO 40.00 X 272343 0 21532 CLINTON SCHNEIDER SVP/CHIEF AUDIT/RISK OFFICER 40.00 X 270077 0 28458 5239611 0 956613 85 0 1 0 CU COOPERATIVE SYSTEM INC 9692 HAVEN AVENUE CUCAMONGA CA 91730 DEBIT CARD PROCESSING AND ATM NETWORK SE 2236887 REAL ESTATE APPRAISAL SOLUTIONS LLC 3150 LIVERNOIS SUITE 310 TROY MI 48083 DBA: SYNERGY APPRAISAL SERVICES 1586020 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CORE IT SYSTEMS AND APPLICATIONS 1501803 VISA USA INC PO BOX 8999 SAN FRANCISCO CA 94128 PAYMENT CARD ASSOCIATION BRANDING & CARD 1410082 GRAHAM OLESON 525 COMMUNICATION CIRCLE COLORDADO SPRINGS CO 809051736 MARKETING MEDIA BUYING AND PLACEMENT AGE 1296649 85 INTEREST ON LOANS 522100 126349569 126349569 FEES/CHARGE/OTHER 522100 40152809 40152809 NON-MEMBERSHIP ATM 900099 726390 726390 AUTO WARRANTY SALES 900099 197775 197775 SHARED BRANCHING 900099 181681 181681 155600 155600 167763824 9741364 9741364 156633 0 156633 156633 156633 58814509 58483363 331146 331146 331146 GAIN ON SALE OF LOANS 522100 5499830 5499830 NON-OPERATING INCOME 522100 2221615 2221615 7721445 185714412 184452966 1261446 0 524525 4503642 36993740 2130703 8085577 3194690 86150 172200 2802921 3645664 6507367 3006999 2724162 561029 23022644 383478 4341223 500456 DERIVATIVES 6340600 DEBT CARD EXPENSE 6122746 PROVISION FOR LOAN LOSS 4634446 LOAN SERVICING EXPENSE 4501912 4517043 129303917 26827143 27232714 277664749 292678827 3476443 3560248 3171530514 3586895741 2286482 2339487 84991069 42285075 40787402 42705994 599816198 431530710 7582200 4618200 10000000 259742635 337725803 4389713766 4739287724 333476621 221709737 3520384128 3923596575 3853860749 4145306312 X 0 0 0 0 535853017 593981412 535853017 593981412 4389713766 4739287724 X 56410495 -1932094 3649994 X X 0 1 X 1 0 12408496 12408496 34452852 12005019 22447833 4201977 3613142 588835 33927744 26666914 7260830 42705994 CUSO OTHER ASSETS 69519 ACCRUED INTEREST ON LOANS 8480430 ACCRUED INTEREST ON INVESTMENT 1205677 NCUSIF 34266535 OREO 69106 CUSO INVESTMENT 3273923 LOANS HELD FOR SALE 45692803 LOAN SERVICE RIGHTS 5007554 DERIVATIVES 8898104 DEFERRED COMPENSATION 713900 REPURCHASE AGREEMENTS 229000000 OTHER 1048252 337725803 SHARE DRAFT 838607597 SHARES 1000101256 MONEY MARKET 1229548559 IRA 49917807 CD'S 805421356 3923596575 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL AND STATE INCOME TAXES; HOWEVER, THE CREDIT UNION'S WHOLLY OWNED CUSO IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. 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 THE 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. 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 2015, 2014, AND 2013 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE DIFFERENT THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. 1 PROSPECT HOME CARE & HOSPICE 16222 US-24 STE 120 WOODLAND PARK CO 80863 840884609 501(C)(3) 5000 PROGRAM SUPPORT AMERICAN RED CROSS 1040 S 8TH STREET COLORADO SPRINGS CO 80905 530196605 501(C)(3) 10000 HOMETOWN HEROES COS & PUEBLO CATHOLIC CHARITIES 228 N CASCADE AVE COLORADO SPRINGS CO 80903 840586169 501(C)(3) 5000 ST. PATRICK'S DAY GALA COLORADO SPRINGS CONSERVATORY 2 OF 2 PAID IN FULL 415 S SAHWATCH ST COLORADO SPRINGS CO 80903 841502211 501(C)(3) 12500 DONATION (ENT DONOR FUND FOR PROGRAM SUPPORT) MOUNTAIN WEST CREDIT UNION FOUNDATION 2020 N CENTRAL AVENUE STE 530 PHOENIX AZ 85004 742232424 501(C)(3) 6000 BROADMOOR GOLF IN APRIL DISCOVER GOODWILL FOUNDATION 1460 GARDEN OF THE GODS ROAD COLORADO SPRINGS CO 80907 840513404 501(C)(3) 6000 ANNUAL DINNER / ENCHANTED EVENING ALZHEIMER'S ASSOCIATION (EIN SAME FOR COS PUEBLO & DEN) 2315 BOTT AVENUE COLORADO SPRINGS CO 80904 133039601 501(C)(3) 5000 LUNCH SPONSOR A PRECIOUS CHILD 557 BURBANK STREET BROOMFIELD CO 80920 263349334 501(C)(3) 5000 YES GRANT BOYS AND GIRLS CLUBS OF PUEBLO COUNTY (EIN SAME FOR COS & PUEBLO) 635 W CORONA AVENUE SUITE 105 PUEBLO CO 81004 237307508 501(C)(3) 5000 YES GRANT CARE AND SHARE INC PUEBLO REGION (EIN SAME FOR COS & PUEBLO) 100 GREENHORN DRIVE PUEBLO CO 81004 840731930 501(C)(3) 5000 YES GRANT CHILDREN'S ADVOCACY CENTER (SAFE PASSAGE) 423 SOUTH CASCADE AVENUE COLORADO SPRINGS CO 80903 841241767 501(C)(3) 5000 YES GRANT COURT CARE OF THE PIKES PEAK REGION PO BOX 68 COLORADO SPRINGS CO 80901 980198200 501(C)(3) 5000 YES GRANT DALE HOUSE PROJECT 7 WEST DALE STREET COLORADO SPRINGS CO 80903 841571115 501(C)(3) 5000 YES GRANT DENVER CHILDREN'S ADVOCACY CENTER 2149 FEDERAL BLVD DENVER CO 80211 841155873 501(C)(3) 5000 YES GRANT DEPRESSION AND BIPOLAR SUPPORT ALLIANCE OF COS 2132 E BIJOU ST STE 112 COLORADO SPRINGS CO 80909 841305365 501(C)(3) 5000 YES GRANT RONALD MCDONALD HOUSE CHARITIES 311 NORTH LOGAN AVENUE COLORADO SPRINGS CO 80909 841013843 501(C)(3) 5000 YES GRANT THE HOME FRONT CARES PO BOX 38516 COLORADO SPRINGS CO 809378516 200564493 501(C)(3) 5000 YES GRANT THE NATIONAL CREDIT UNION FOUNDATION 5710 MINERAL POINT ROAD MADISON WI 537054454 391383650 501(C)(3) 5000 BRONZE SUPPORTER MOUNTAIN WEST CREDIT UNION FOUNDATION 3552 E 24TH STREET CASPER WY 82609 742232424 501(C)(3) 12000 FOUNDATION GALA 2016 YMCA OF THE PIKES PEAK REGION 316 N TEJON ST COLORADO SPRINGS CO 80903 840404266 501(C)(3) 10000 CAMP SHADY BROOK 2018 US SENIOR OPEN (FINANCES RUN THROUGH BROADMOOR) 1 LAKE AVENUE COLORADO SPRINGS CO 80906 840155150 11667 CHARITABLE/PHILANTHROPIC DONATION PIKES PEAK COUNCIL - BOY SCOUTS OF AMERICA 985 W FILLMORE ST COLORADO SPRINGS CO 80907 840404226 501(C)(3) 10000 DONATION (ENT DONOR FUND FOR PROGRAM SUPPORT) PIKES PEAK UNITED WAY 518 N NEVADA AVE COLORADO SPRINGS CO 80903 840511799 501(C)(3) 16500 2015-2016 CORNERSTONE CAMPAIGN PENROSE-ST FRANCIS FOUNDATION 2222 N NEVADA AVENUE COLORADO SPRINGS CO 80907 840902211 501(C)(3) 33500 DONATION (ENT DONOR FUND FOR PROGRAM SUPPORT) SPRINGS RESCUE MISSION 5 W LAS VEGAS STREET COLORADO SPRINGS CO 80903 841340824 501(C)(3) 8358 LOGGED AGAINST PHILANTHROPY / EMPLOYEES CONTRIBUTIONS 33,942.36 ALZHEIMER'S ASSOCIATION DENVER 455 N SHERMAN ST SUITE 500 DENVER CO 80203 133039601 501(C)(3) 5000 2016 DENVER WALK P/RANDY B UNIVERSITY OF COLORADO FOUNDATION 1420 AUSTIN BLUFFS PARKWAY COLORADO SPRINGS CO 80918 846000555 501(C)(3) 140000 SPONSORSHIP SUPPORT AGREEMENT FESTIVAL OF LIGHTS PARADE 1235 OAKMOOR HEIGHTS COLORADO SPRINGS CO 80906 841125913 501(C)(3) 5000 2016 FESTIVAL OF LIGHTS PARADE POLICE FOUNDATION OF COLORADO SPRINGS 10 LAKE CIRCLE COLORADO SPRINGS CO 80906 270926740 501(C)(3) 10000 MEDAL OF HONOR LUNCHEON INNOVATIONS IN AGING COLLABORATIVE 1661 MESA AVENUE COLORADO SPRINGS CO 80906 460968566 501(C)(3) 10000 DONATION (ENT DONOR FUND FOR PROGRAM SUPPORT) GRECCIO HOUSING 1015 E PIKES PEAK AVENUE STE 110 COLORADO SPRINGS CO 80903 841158819 501(C)(3) 7500 DONATION (ENT DONOR FUND FOR PROGRAM SUPPORT) CITY OF WOODLAND PARK PAYMENT 2 OF 3 PO BOX 9007 WOODLAND PARK CO 80866 846002740 25000 DONATION (ENT DONOR FUND FOR PROGRAM SUPPORT) PUEBLO POLICE DEPARTMENT 200 SOUTH MAIN STREET PUEBLO CO 81003 846000615 7500 PUEBLO POLICE DEPT AWARDS PENROSE ST FRANCIS FOUNDATION 2222 N NEVADA AVENUE COLORADO SPRINGS CO 80907 840902211 501(C)(3) 5000 DONATION (ENT DONOR FUND FOR PROGRAM SUPPORT) COLORADO SPRINGS CONSERVATORY 415 S SAHWATCH COLORADO SPRINGS CO 80903 841502211 501(C)(3) 5000 2017 WINE FESTIVAL AMERICAN RED CROSS 1040 S 8TH STREET COLORADO SPRINGS CO 80905 530196605 501(C)(3) 12500 2017 HOMETOWN HEROES PUBLO $7,500 + COS$5,000 COLORADO SPRINGS UTILITIES FOUNDATION - PROJECT COPE PO BOX 1103 COLORADO SPRINGS CO 80947 208643063 501(C)(3) 7500 DONATION (ENT DONOR FUND FOR PROGRAM SUPPORT) JUNIOR ACHIEVEMENT 1 EDUCATION WAY COLORADO SPRINGS CO 80906 846009223 501(C)(3) 12000 OPERATING PROGRAMS $10,00 COS / $2,000 PUEBLO SALVATION ARMY 910 YUMA STREET COLORADO SPRINGS CO 80909 941156347 501(C)(3) 5000 DONATION (ENT DONOR FUND FOR PROGRAM SUPPORT) INDY GIVE 235 S NEVADA AVENUE COLORADO SPRINGS CO 80903 812029897 501(C)(3) 6000 CATEGORY HOME SAFE A HAND UP JUNIOR ACHIEVEMENT (PAYMENT1 - 100000 COMMITMENT) 1 EDUCATION WAY COLORADO SPRINGS CO 80906 846009223 501(C)(3) 50000 DONATION (ENT DONOR FUND FOR PROGRAM SUPPORT) PIKES PEAK PREP -21ST CENTURY CHARTER SCHOOL AT COLORADO SPRINGS (DBA PIKES 525 EAST COSTILLA ST COLORADO SPRINGS CO 80903 202498520 501(C)(3) 5000 PROGRAM SUPPORT 39 3 SCHEDULE I, PART I, LINE 2 ENT TRACKS ALL GRANTS VIA AN EXCEL SPREADSHEET MANAGED BY OUR ADMINISTRATIVE DEPARTMENT. THIS IS UPDATED BI-MONTHLY. ENT MAKES CONTRIBUTIONS TO ORGANIZATIONS, AGENCIES AND ACTIVITIES SERVING THE FOLLOWING PURPOSES: EDUCATION, HEALTH, HUMAN SERVICES, COMMUNITY (INCLUDING CULTURAL) DEVELOPMENT, ECONOMIC DEVELOPMENT AND MILITARY RECOGNITION AND MORALE. ALL CONTRIBUTIONS ARE TO ORGANIZATIONS HERE IN THE COMMUNITIES WE SERVE X X X 1 1 X X X X X 0 1 0 RANDY BERNSTEIN PRESIDENT/CEO 463320 0 132578 0 505084 0 292000 0 7625 0 1400607 0 0 0 WILLIAM VOGENEY SREVP FIN/LOANS 312813 0 95124 0 83228 0 104500 0 7071 0 602736 0 0 0 CHAD GRAVES SREVP OPS/TECH 316999 0 95124 0 651 0 143000 0 7963 0 563737 0 0 0 MARY COON EVP/CFO 280820 0 87621 0 72526 0 104500 0 1757 0 547224 0 0 0 MATTHEW GENDRON EVP/OPS 235378 0 59642 0 17399 0 24000 0 5660 0 342079 0 0 0 BARBARA WINTER EVP/ORG RESOURCES 222773 0 58501 0 16992 0 27250 0 6765 0 332281 0 0 0 JON PAUKOVICH SVP/CLO 221311 0 52022 0 1672 0 74000 0 6973 0 355978 0 0 0 CHRIS MARSHALL SVP/CIO 214467 0 50000 0 2786 0 32238 0 7422 0 306913 0 0 0 STEPHANIE DOMBROWSKI MLO 18679 0 464754 0 10991 0 14871 0 5413 0 514708 0 0 0 GINA ALLMAN MLO 20715 0 250988 0 4958 0 11006 0 3112 0 290779 0 0 0 THOMAS BECHTEL MLO 22469 0 246460 0 6259 0 18000 0 1497 0 294685 0 0 0 KERI GASS MLO 20479 0 244916 0 6948 0 18000 0 3532 0 293875 0 0 0 CLINTON SCHNEIDER SVP/CHIEF AUDIT/RISK OFFICER 213619 0 49940 0 6518 0 24000 0 4458 0 298535 0 0 0 PART I, LINE 1A VOLUNTEER BOARD MEMBERS ARE PROVIDED A TRAVEL AND TRAINING BUDGET. THESE FUNDS ARE USED AS EACH BOARD MEMBER DECIDES WHICH TRAINING TO ATTEND. SPOUSE/GUEST TRAVEL EXPENSES COME OUT OF THIS BUDGET. EACH YEAR SPOUSE/GUEST TRAVEL IS REPORTED AS INCOME ON 1099-MISC. THE AMOUNT OF INCREASED TAX LIABILITY FROM THOSE PAYMENTS IS PAID TO THE BOARD MEMBER AS REIMBURSEMENT FOR THE INCREASED TAX LIABILITY. THE AMOUNT OF THAT PAYMENT IS THEN REPORTED AS INCOME ON THE 1099-MISC FOR THE TAX YEAR IN WHICH IT WAS PAID. PART I, LINE 1B A WRITTEN POLICY IS IN PLACE TO COVER THE ACTIVITY DESCRIBED IN 1A ABOVE. PART I, LINE 2 RECEIPTS AND OR WRITTEN SUBSTANTIATION IS REQUIRED FOR REIMBURSEMENT FOR ALL BOARD EXPENSES. PART I, LINE 3 MEMBERS OF THE BOARD OF DIRECTORS MAKE UP THE COMPENSATION COMMITTEE FOR THE CEO'S COMPENSATION. THE COMMITTEE HIRES AN INDEPENDENT CONSULTANT TO DO A COMPENSATION SURVEY. THE COMMITTEE THEN HIRES AN OUTSIDE EMPLOYMENT ATTORNEY WHO DRAFTS AN EMPLOYMENT CONTRACT. THE CONTRACT IS PASSED BEFORE THE COMPENSATION COMMITTEE FOR APPROVAL PRIOR TO EXECUTION WITH THE CEO. PART I, LINE 4B THE CREDIT UNION MAINTAINS A DEFERRED COMP PLAN COVERING CERTAIN MEMBERS OF MANAGEMENT. DURING 2016 THE FOLLOWING BENEFITS WERE ACCRUED: RANDY BERNSTEIN $250,000, WILLIAM VOGENEY $62,500, MARY COON $62,500, CHAD GRAVES $125,000, JON PAUKOVICH $50,000. ADDITIONALLY, RANDY BERNSTEIN RECEIVED A PAYOUT OF $497,308 DURING 2016. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A OUR 280,861 MEMBERS EACH ARE ALLOWED ONE VOTE DURING EACH BOARD ELECTION. 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 SUCH AS POTENTIAL CHARTER CONVERSIONS AND CERTAIN MERGER OPPORTUNITIES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM HIRED FOR SUCH PURPOSE. DATA AND OTHER INFORMATION IS SUPPLIED TO THAT FIRM TO USE IN PREPARATION OF THE DOCUMENT. A COPY OF FORM 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C THE INTERNAL AUDIT DEPARTMENT PERFORMS ANNUAL TESTING ON EMPLOYEE AND OFFICIAL ACCOUNTS FOR RATES, TERMS AND CONDITIONS CONSISTENT WITH WHAT WOULD BE OFFERED TO THE GENERAL MEMBERSHIP OUTSIDE OF THE ALLOWED EMPLOYEE DISCOUNT. ANNUALLY A BOARD MONITORING REPORT IS COMPLETED TO ATTEST FOR PURCHASES WHERE NORMALLY PRUDENT PROTECTION HAS NOT BEEN GIVEN AGAINST CONFLICT OF INTEREST. THIS WAS LAST COMPLETED IN SEPTEMBER 2016. TESTING OF NEW HIRE PROCESS DURING 2017 HR AUDIT FOUND NO RELATIVES OF EMPLOYEES OR OFFICIALS WERE HIRED DURING SCOPE PERIOD. THIS IS TESTED WITH EACH HR/PAYROLL AUDIT WHICH IS TYPICALLY ON A THIRD YEAR ROTATION. FORM 990, PART VI, SECTION B, LINE 15 ENT CREDIT UNION PARTICIPATES IN MULTIPLE, PERIODIC (TYPICALLY ANNUAL), INDUSTRY SALARY SURVEYS, FOR ALL LEVELS OF THE ORGANIZATION, IN ORDER TO ASSESS MARKET PAY PRACTICES AND PROVIDE SUPPORTING DATA FOR INTERNAL RECOMMENDATIONS AND DECISIONS REGARDING PAY STRUCTURES AND INCREASES BASED ON STRATEGIC GOALS AND INITIATIVES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART XI, LINE 9: RECLASSIFICATION ADJUST FOR NET INVESTMENT GAINS -331,146. RECLASSIFICATION ADJUST FOR NET HEDGE LOSSES 6,273,562. NET PENSION LOSS -389,133. UNREALIZED HOLDING LOSSES ON HEDGING ACTIVITY -1,903,289. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. ENTERPRISE FIRST FINANCIAL SERVICES LLC 7350 CAMPUS DR STE 200 COLORADO SPRINGS CO 80920 841514066 INSURANCE PRODUCTS CO 626771 363479 ENT CREDIT UNION