2016-07-05T11:20:45-05:00 2015-12-31 431592217 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 66061 990 2015-01-01 480625190 QUEST CREDIT UNION QUES 7852335556 PO BOX 1128 TOPEKA KS 666011128 RON BARON SVP/CFO - AZURA CREDIT UNION 7852335556 2016-07-05 1 P00638199 9138946214 2015 2016-09-27 15:27:22Z GREG WINKLER PO BOX 1128 TOPEKA KS 666011128 9929135 0 X WWW.QUEST-CU.ORG X 1974 KS QUEST CREDIT UNION WILL EXCEED MEMBER EXPECTATIONS IN OUR COMMITMENT TO THEIR FINANCIAL SUCCESS. 9 9 66 13 104002 -8223 0 0 7374483 7516392 2819471 2365441 50511 47302 10244465 9929135 0 1500 79227 55684 3621225 3727986 0 0 0 5614306 5393098 9314758 9178268 929707 750867 261037399 269124004 234890750 242360338 26146649 26763666 QUEST CREDIT UNION WILL EXCEED MEMBER EXPECTATIONS IN OUR COMMITMENT TO THEIR FINANCIAL SUCCESS. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 23,279 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2015, THERE WERE 9,470 LOANS OUTSTANDING TOTALING $85,205,691. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $1,216,276 FOR THE YEAR. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7654 0 1 66 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 X DAVID LINDERMAN 7852335556 610 SW 10TH AVENUE TOPEKA KS 66612 BOBB COLLIE CHAIRMAN 2.00 X 0 0 0 WILLIAM MIKE LACKEY VICE CHAIRMAN 2.00 X 0 0 0 BRYAN VARGAS TREASURER 2.00 X 0 0 0 DONALD FRICK SECRETARY 2.00 X 0 0 0 BRADFORD DEITER DIRECTOR 2.00 X 0 0 0 GELENE SAVAGE DIRECTOR 2.00 X 0 0 0 JO ANN GOEDEKE DIRECTOR 2.00 X 0 0 0 TERRY HEIDNER DIRECTOR 2.00 X 0 0 0 RANDALL PACHOSA DIRECTOR 2.00 X 0 0 0 VICKY HURT PRESIDENT/CEO 40.00 X 182277 0 154425 GARY COLCHER INVESTMENTS 20.00 X 131486 0 129301 JEFF GALLERY VICE PRESIDENT - LENDING 40.00 X 101339 0 8892 BRENTT MOON VICE PRESIDENT - IT 40.00 X 101213 0 14638 516315 0 307256 4 0 1 0 0 INTEREST ON LOANS 522100 4466918 4466918 FEES & OTHER INCOME 522100 2945472 2945472 NON-MEMBER ATM FEES 522100 91036 91036 WARRANTY SALES 522100 11270 11270 OTHER INSURANCE 522100 1696 1696 7516392 2365441 2365441 47302 47302 9929135 9825133 104002 0 1500 55684 336702 2638917 248344 276963 227060 785 105763 27880 198795 299379 2006766 180712 273898 63951 429219 93558 MEMBER DIVIDENDS 1216276 LOAN SERVICING 339548 MERGER EXPENSES 106238 ASSOCIATION DUES 48722 1608 9178268 4889496 4350778 27335592 26790354 68586 280122 81952998 91141153 398594 539165 10244285 5241391 5268744 5002894 130710349 6749929 137964167 3663111 3055371 261037399 269124004 2419961 2302461 263875 232206914 240057877 234890750 242360338 X 0 0 0 0 26146649 26763666 26146649 26763666 261037399 269124004 X 750867 -193770 59920 X 0 0 0 0 0 877537 877537 5943891 2320410 3623481 533587 508208 25379 2877124 2403445 473679 12146 9328 2818 5002894 SERP PLAN INVST-LIFE INS 5701379 C CAPITOL CUSO, LLC 624037 C CU ATM NETWORK CUSO, LLC 80672 C MEMBERS MORT SVCS, LLC 50000 C HTM-FED AGENCY SEC 25997778 C AFS-MUTUAL FUND 978050 F AFS-MORTGAGE BACKED SEC 59165095 F HTM-MORTGAGE BACKED SEC 44871084 C EDUCATIONAL & CREDIT UNIONS UNITED CUSO, LLC 496072 C 137964167 MEMBER SHARE DEPOSITS 240057877 240057877 X 9929135 0 9929135 0 9929135 9178268 0 9178268 0 9178268 PART IV, LINE 2B: THE CREDIT UNION HAS SEVERAL CERTIFIED FINANCIAL COUNSELORS ON STAFF AVAILABLE TO ASSIST MEMBERS UPON REQUEST. PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(14) OF THE INTERNAL REVENUE CODE, EXCEPT FOR ANY UNRELATED BUSINESS INCOME TAX. THE CREDIT UNION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC 740-10-25, 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 THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT 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 INTERIM PERIODS. THIS STANDARD DID NOT HAVE AN IMPACT ON THE FINANCIAL STATEMENTS, AND THE CREDIT UNION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. WITH FEW EXCEPTIONS, THE CREDIT UNION IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY AUTHORITIES FOR YEARS BEFORE 2012. X X X X 0 1 0 VICKY HURT PRESIDENT/CEO 182277 0 0 0 0 0 147764 0 6661 0 336702 0 0 0 GARY COLCHER INVESTMENTS 94590 0 0 0 36896 0 116452 0 12849 0 260787 0 36896 0 PART I, LINE 3 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS PERFORMANCE AND DETERMINES COMPENSATION FOR THE PRESIDENT/CEO USING VARIOUS INFORMATION, INCLUDING THE COMPEASE SALARY ADMINISTRATION PROGRAM AND THE FORM 990 OF SIMILAR ORGANIZATIONS. PART I, LINE 4B THE CREDIT UNION MAINTAINS SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS FOR KEY SENIOR EXECUTIVES IF THEY REMAIN EMPLOYED BY THE CREDIT UNION FOR A SPECIFIED PERIOD OF TIME. THE ESTIMATED LIABILITY UNDER THE AGREEMENTS IS BEING ACCRUED AS DEFINED IN THE PLANS OVER THE REMAINING YEARS OF SERVICE. THE CONTRIBUTIONS INTO THE PLANS ARE ACCRUED AS COMPENSATION EXPENSE AND FUNDED ON A CURRENT BASIS. THE APPLICABLE EXECUTIVES AND AMOUNTS EXPENSED IN 2015 ARE LISTED BELOW: VICKIE HURT, PRESIDENT/CEO - $129,233 GARY COLCHER, INVESTMENTS - $103,368 NO AMOUNTS FROM THESE PLANS WERE PAID OUT IN 2015; HOWEVER, PURSUANT TO A PREVIOUS DEFERRED COMPENSATION CONTRACT, $36,896 WAS PAID TO GARY COLCHER IN 2015. THIS AMOUNT WAS INCLUDED IN HIS W-2 WAGES AS REQUIRED. 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 CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS. IN 2015, MEMBERS VOTED TO APPROVE THE BOARD'S RECOMMENDATION TO MERGE WITH EDUCATIONAL CREDIT UNION IN 2016. FORM 990, PART VI, SECTION B, LINE 11 THE ACCOUNTING DEPARTMENT PROVIDES INFORMATION TO THE OUTSIDE ACCOUNTING FIRM PREPARING THE FORM 990. UPON COMPLETION, IT IS REVIEWD BY CREIT UNION MANAGMENT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, OFFICERS AND DIRECTORS REVIEW THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS. THE RESULTS OF THE REVIEW AND DISCLOSURE ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS PERFORMANCE AND DETERMINES COMPENSATION FOR THE PRESIDENT/CEO USING VARIOUS INFORMATION, INCLUDING THE COMPEASE SALARY ADMINISTRATION PROGRAM AND THE FORM 990 OF SIMILAR ORGANIZATIONS. ALL OTHER MANAGEMENT COMPENSATION 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 WRITTEN REQUEST TO THE THE SUPERVISORY COMMITTEE. IN ADDITION, THE NCUA WEBSITE POSTS FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS, POLICIES, AND PROCEDURES ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: OTHER ADJUSTMENTS TO UNDIVIDED EARNINGS -80. IMPAIRMENT LOSS ON MUTUAL FUND 60,000.