2014-08-15T15:07:36-05:00 2014-03-31 341877117 CBIZ MHM LLC 220 W DOUGLAS SUITE 300 WICHITA KS 67202 990 2013-04-01 480499356 CENTRAL STAR CREDIT UNION CENT 3166859555 9555 CORPORATE HILLS DR WICHITA KS 67207 MARY WEHNER CFO 3166859555 2014-08-13 1 PAMELA J PEPPARD CPAPFS P00595196 3162655600 2013 2016-02-25 16:41:14Z MARY WEHNER 9555 CORPORATE HILLS DRIVE WICHITA KS 67207 4581760 0 X WWW.CENTRALSTAR.ORG X 1940 KS PROVIDE FIVE STAR SERVICE WITH CONSISTENT QUALITY AND CARE TO OUR MEMBERS. 7 7 30 7 251002 -165123 0 0 5301565 4578275 304632 -217416 0 0 5606197 4360859 0 5050 0 0 1698434 1705279 0 0 0 3349479 3145224 5047913 4855553 558284 -494694 77664602 75711789 70639102 70076242 7025500 5635547 TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS WITH EXCELLENCE AND INTEGRITY. TO PROVIDE FINANCIAL LITERACY TOOLS FOR OUR MEMBERS AND OUR COMMUNITY AT LARGE. 0 0 PROVIDE DEPOSIT SERVICES TO 8,592 MEMBER OWNERS. RETURN TO OURMEMBERS SAFE MARKET OR ABOVE MARKET RETURNS. PROVIDE A SOURCE OF CREDIT TO 3,549 BORROWERS. THESE LOANS AREPROVIDED AT A FAIR AND REASONABLE COST. TO BE A SOURCE OF FINANCIAL LITERACY FOR OUR MEMBERS AND OURCOMMUNITIES. THIS IS DONE THROUGH THE FINANCIAL SEMINARS OFFEREDTO ASSIST IN A VARIETY OF AREAS FROM BUDGETING TO FIRST TIME HOMEBUYERS. CENTRAL STAR IS ABLE TO ALSO PROVIDE ONE ON ONE BUDGET COUNSELING TO ASSIST MEMBERS WITH THEIR FINANCES. 0 0 0 0 0 0 0 0 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 1 0 0 0 1 2239 0 1 30 1 1 1 0 0 0 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 0 KS X MARY WEHNER 3166859555 9555 CORPORATE HILLS DRIVE WICHITA KS 67207 MARK BOWMAN BOARD MEMBER 8.00 X 0 0 0 FRED WILHOFT BOARD MEMBER 4.50 X 0 0 0 SCOTT YEAKLEY SECRETARY 6.50 X X 0 0 0 BILL DELONG TREASURER 2.50 X X 0 0 0 LARRY DUNTZ CHAIRMAN 11.30 X X 0 0 0 DANNY HOLST VICE CHAIRMAN 5.50 X X 0 0 0 STEVE RICHARDS BOARD MEMBER 0.00 X 0 0 0 A LEE WILLIAMS CEO 50.00 X 171034 0 9138 MONICA ROBERTS VICE PRESIDENT 50.00 X 64460 0 3854 MARY WEHNER CFO 50.00 X 68347 0 3574 303841 0 16566 1 0 1 0 0 INTEREST ON LOANS 523000 2817483 2817483 INCOME FROM FEES 523000 1342313 1091311 251002 INTEREST ON INVESTMENTS 523000 418479 418479 4578275 3485 220901 0 -220901 3485 -217416 -220901 3485 4360859 870410 251002 3239447 5050 320407 1094109 176475 114288 14 139918 227153 35666 105803 23232 22712 727 161065 31506 DEPOSIT SERVICE EXPENSE 579871 PROVISION FOR LOAN LOSS 518137 DIVIDENDS ON SAVINGS AC 468421 EDUCATION & PROMOTION 419644 411355 4855553 5265656 5783070 2081072 6334589 47505512 43475088 157154 146202 5237503 3118782 1504678 2118721 17251902 15969958 3898628 1884161 77664602 75711789 70255016 69613299 22596 11343 361490 451600 70639102 70076242 X 5035673 4616207 1835234 1835234 154593 -815894 7025500 5635547 77664602 75711789 X -494694 -815894 -71863 -7502 X 0 1 X 0 0 366177 366177 2069017 688133 1380884 2802309 2430649 371660 2118721 PREMIUM-FED AGENCY SECURITIES 214925 C PAR-FED AGENCY SECURITIES 14536877 C INVESTMENT IN SPLIT DOLLAR INSURANCE 1071656 C FEDERAL HOME LOAN CAPITAL SHRSPAIN IN CAPITAL KCCU 146500 C 15969958 OTHER LIABILITIES 451600 451600 X 3754879 -815894 -815894 4570773 -209914 -209914 4360859 5072969 217416 217416 4855553 0 4855553 PART X, LINE 2: THE CREDIT UNION HAS ADOPTED THE GUIDANCE REQUIRING MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS UNDER THE ASC TOPIC, "INCOME TAXES." THROUGH MARCH 31, 2014, THE CREDIT UNION HAD NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS THAT ARE NOT MORE LIKELY THAN NOT TO BE UPHELD. THERE HAS BEEN NO INTEREST OR PENALTIES RECOGNIZED IN EITHER THE CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION OR OPERATIONS RELATED TO UNCERTAIN TAX POSITIONS. IN ADDITION, NO TAX POSITIONS EXISTED FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE WITHIN THE NEXT 12 MONTHS. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON INVESTMENTS & SALE OF ASSETS REPORTED IN OTHER EXPENSE ON FINANCIALS -217,416. CHANGE IN UNREALIZED DERIVATIVE ASSETS 7,502. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON INVESTMENTS & SALE OF ASSETS REPORTED IN OTHER EXPENSE ON FINANCIALS 217,416. 1 PART I, LINE 2: ASSISTANCE GIVEN TO OTHER ORGANIZATIONS, MAINLY OTHER NOT-FOR-PROFITS, IS DETERMINED BY THE CEO, AS TO WHICH ORGANIZATIONS TO SUPPORT. OFTEN STAFF WILL RECOMMEND A SPECIAL CHARITY, OR SERVE ON A BOARD FOR ANOTHER CHARITY AND THEN CENTRAL STAR UNION WILL SUPPORT THAT CHARITY AS DEEMED APPROPRIATE. 1 X X 0 1 1 A LEE WILLIAMS CEO 146034 0 25000 0 0 0 8425 0 713 0 180172 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP AT CENTRAL STAR CREDIT UNION IS OPEN TO ANYONE WHO LIVES, WORKS OR DOES BUSINESS IN SEDGWICK, BUTLER, HARVEY, MCPHERSON OR SALINE COUNTIES. YOU CAN ALSO JOIN IF YOU OR A MEMBER OF YOUR FAMILY IS A CURRENT OR RETIRED EMPLOYEE OF HAWKER BEECHCRAFT CORPORATION OR ITS SUBSIDIARIES AND ASSOCIATIONS. FORM 990, PART VI, SECTION A, LINE 7A ALL OF THE ORGANIZATION'S MEMBERS VOTE ON WHO SHOULD BE A MEMBER OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS ELECT THE BOARD OF DIRECTORS AND THE BOARD MAKES THE DECISIONS ON BEHALF OF THEIR MEMBERSHIP. AT THE ANNUAL MEETING ALL MEMBERS ARE ASKED IF THEY WILL ACCEPT THE ANNUAL REPORT AS IT IS WRITTEN. FORM 990, PART VI, SECTION B, LINE 11 CENTRAL STAR HAS A UBIT TEAM IN PLACE. THIS TEAM CONSISTS OF THE CHAIRMAN OF THE SUPERVISORY TEAM. THE SECOND TEAM MEMBER IS A BOARD MEMBER WITH OVER 12 YEARS OF EXPERIENCE AND IS THE CHAIRMAN OF THE BOARD OF DIRECTORS FOR CENTRAL STAR CREDIT UNION. THE THIRD TEAM MEMBER IS THE CFO WHO HAS OVER 20 YEARS OF EXPERIENCE IN THE AREA OF ACCOUNTING, AND THE FINAL MEMEBER IS THE CEO. THIS TEAM MEETS TO REVIEW DOCUMENTATION INCLUDED IN THE UBIT & 990 RETURNS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE BOARD MEMBERS, ALL VOLUNTEERS, SIGN A CONFLICT OF INTEREST STATEMENT. THE BOARD CHAIR AND CEO ALSO COMMUNICATE WITH THE FULL BOARD AND VOLUNTEERS, THROUGHOUT THE YEAR, TO REINFORCE AND MONITOR CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMMITTEE UTILIZES AN INDEPENDENT THIRD PARTY TO GIVE GUIDANCE ON SALARY ADJUSTMENTS. GOALS ARE ESTABLSIHED, PERFORMANCE REVIEWED AND COMPENSATION IS DETERMINED. COMPENSATION FOR THE OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION ARE DETERMINED BY USING INFORMATION PROVIDED BY USING AN INDEPENDENT THIRD PARTY TO GIVE GUIDANCE ON SALARY ADJUSTMENTS. GOALS ACHIEVED AND PERFORMANCE OF OFFICER AND KEY EMPLOYEE ARE REVIEWED. HR MANAGER GIVES CEO RECOMMENDATIONS AND PERTINENT INFORMATION. THE CEO MAKES THE FINAL DETERMINATION ON SALARY INCREASES. FORM 990, PART VI, SECTION C, LINE 19 CENTRAL STAR CREDIT UNION UPON REQUEST MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC. ADDITIONALLY, EACH CREDIT UNION BRANCH HAS QUARTER END FINANCIAL STATEMENTS POSTED. FINANCIAL STATEMENTS ARE ALSO PROVIDED TO ENTIRE MEMBERSHIP AT THE ANNUAL MEETING AND ARE APPROVED BY MEMBERSHIP. FORM 990, PART XI, LINE 9: CHANGE IN UNREALIZED DERIVATIVE INCOME -7,502. CENTRAL STAR FINANCIAL SOLUTIONS LLC 9555 CORPORATE HILLS DRIVE WICHITA KS 67207 MRTG/INSUR KS -178080 472182 CENTRAL STAR CREDIT UNION