2015-04-14T15:32:01-07:00 2014-12-31 990 2014-01-01 450226724 Capital Credit Union CAPI 7012550042 204 West Thayer Avenue Bismarck ND 585013772 Vance Reinbold Chief Financial Officer 7012550042 2015-03-31 2014 2016-02-25 16:41:14Z Debra Gallagher 204 West Thayer Avenue Bismarck ND 585013772 19352379 0 X www.capcu.org X Organization 1936 ND Members First. To be the best choice for financial services in our market. 9 9 158 9 63495 -88057 0 0 16264740 18074597 1632238 814376 219257 325831 18116235 19214804 0 0 36850 19842 7137520 6654594 0 0 0 7412620 7782905 14586990 14457341 3529245 4757463 351438946 383263670 317981506 344721977 33457440 38541693 Members First. To be the best choice for financial services in our market. 0 0 Provide a variety of financial services to our members. Our Credit Union was serving 29,563 members as of December 31, 2014. Our program's objective is to be the best choice for financial services in our market. Our program offers our members a variety of products, including (but not limited to): loans, savings, certificates of deposit, card and digital services. 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 1 0 0 0 1 6494 0 1 158 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 0 X Capital Credit Union 7012550042 204 West Thayer Avenue Bismarck ND 585013772 Jay Buringrud Board Member 3 0 X 0 0 0 Shawn Deisz Board Member 3 0 X 0 0 0 Lance Gaebe Board Member 3 0 X 0 0 0 Ken Geiger Board Member 3 0 X 0 0 0 Michael Gunsch Board Member 3 0 X 0 0 0 Faye Miller Board Member 3 0 X 0 0 0 Kevin Schoenborn Board Member 3 0 X 0 0 0 Stephen Vaughan Board Member 3 0 X 0 0 0 Marnie Walth Board Member 3 0 X 0 0 0 Kevin Ressler Board Member 3 0 X 2500 0 0 Ron Torgeson Board Member 3 0 X 2500 0 0 Debra Gallagher CEO/President 40 0 X 297491 0 38767 Steve Davis Chief Operations Officer 40 0 X 174485 0 30703 Vance Reinbold Chief Financial Officer 40 0 X 148382 0 25865 Gordon Rauser Vice President of Lending 40 0 X 117810 0 25337 Kurt Schmidt Vice President of Information Technology 40 0 X 115867 0 20929 Dustin Bitz Vice President of Member Services 40 0 X 101723 0 8107 Patrick Kellar Vice President of Marketing 40 0 X 95003 0 18447 Jim Schaefbauer Vice President of Member Services-East Region 40 0 X 103379 0 26960 Jon Griffin Vice President of Risk Management 40 0 X 81692 0 17307 Myron Aune Business Services Manager 40 0 X 132412 0 23610 Scott Bullinger Mortgage Loan Officer 40 0 X 150926 0 30349 Shawn Cherney Controller 40 0 X 102293 0 14728 1626463 0 281109 10 0 1 0 CU Cooperative Systems Inc 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 ATM/Debit Card Servicing 434699 D&H PO BOX 535120 ATLANTA GA 303535120 Financial Technologies 243115 H2M PO BOX 2966 FARGO ND 581082966 Advertising 207403 Presort Plus PO BOX 1555 BISMARCK ND 585021555 Postage/Mailings 199649 Diebold PO BOX 643543 PITTSBURGH PA 152643543 Financial Security/Services 113063 6 0 0 0 0 0 0 0 0 Loan Interest Income 522130 12847400 12847400 0 0 Fees and Interchange Income 522130 3815729 3764046 51683 0 Mortgage Lending Fees 522130 1411468 1411468 0 0 0 0 0 0 18074597 815621 803809 11812 0 0 0 0 0 0 0 0 0 45717 0 24809 0 20908 0 20908 20908 0 0 0 111521 0 112766 0 -1245 -1245 -1245 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 304923 304923 0 0 304923 19214804 19151309 63495 0 0 0 0 19842 1453254 0 3723616 229472 803609 444643 0 70362 45895 0 0 11605 0 394528 580999 514955 0 522494 10679 0 112969 948928 0 657542 94491 Card Services 1292395 Provision for Loan Losses 1243193 Loan Program Expenses 378907 902963 14457341 0 0 0 3368134 3115872 44311490 29443678 0 0 667949 660230 0 3358560 0 0 256220818 305742774 0 0 201176 395740 17189526 8741397 8683920 8448129 1760436 2573193 31088032 24155818 3477246 3685780 0 0 1659745 1683896 351438946 383263670 2592415 3265152 0 0 0 0 0 0 396379 380593 0 0 0 0 0 0 314992712 341076232 317981506 344721977 X 0 0 0 0 33457440 38541693 33457440 38541693 351438946 383263670 4757463 326790 0 0 0 0 X 0 1 X 1 0 0 1 X 0 2093015 2093015 0 8150070 3596671 4553399 0 1071835 466818 605017 0 3745886 2946759 799127 0 2128720 1731149 397571 8448129 0 0 Federal Agency Obligations 14880125 F Mortgage-backed Securities 9275693 F 24155818 0 Member Shares 277887693 Member Savings and IRA Certificates 63188539 341076232 X Schedule D, Part IV, Line 2b Our organization maintains escrow accounts for some of our members. Schedule D, Part X, Line 2 It is the opinion of management that the Credit Union has no significant uncertain tax positions that would be subject to change upon examination. X 1 1 X X X 0 0 0 Debra Gallagher CEO/President 257675 0 37874 0 1942 0 0 0 38767 0 336258 0 0 0 Steve Davis Chief Operations Officer 125392 0 23981 0 25112 0 0 0 30703 0 205188 0 0 0 Vance Reinbold Chief Financial Officer 124455 0 23281 0 646 0 0 0 25865 0 174247 0 0 0 Scott Bullinger Mortgage Loan Officer 35850 0 114705 0 371 0 0 0 30349 0 181275 0 0 0 Myron Aune Business Services Manager 91744 0 39734 0 934 0 0 0 23610 0 156022 0 0 0 Schedule J, Part I, Line 1a The Credit Union will reimburse director's spouses for their travel in accordance with our policy. Debra Gallagher CEO Life Insurance X 3224553 3295320 0 1 1 Vance Reinbold CFO Life Insurance X 62000 63240 0 1 1 3358560 Greg Tschider Spouse of Officer 60327 Legal services and retainer 0 Eric Schmidt Son of Officer 4595 Lawn care 0 Form 990, Part VI, Section A, Line 6 The organization has members. Form 990, Part VI, Section A, Line 7a Our bylaws allow the members, who own the Credit Union, to elect the governing body at the Credit Union's annual meeting. Form 990, Part VI, Section A, Line 7b Some decisions need to be voted on by the membership and must pass by a certain percentage of the membership in attendance at the meeting. Form 990, Part VI, Section B, Line 11b The Form 990 is completed by the accounting department and reviewed by the Chief Financial Officer and Controller. Form 990, Part VI, Section B, Line 12c Annually, the employees must sign a Code of Conduct form, which includes the Conflict of Interest Policy. Form 990, Part VI, Section B, Line 15 The Credit Union's Board of Directors determines the CEO's salary and all other employees' compensation based upon several factors, including comparable data. Form 990, Part VI, Section C, Line 19 The documents are available upon request by our members. CCU Financial Services LLC 204 West Thayer Avenue Bismarck ND 58501 203055779 Credit Union Service Organization ND 20276 53001 Capital Credit Union