2011-07-19T13:40:22-04:00 2011-03-31 CBIZ MHM LLC 220 W Douglas Suite 300 Wichita KS 67202 990 2010-04-01 480499356 Central Star Credit Union CENT 3166859555 9555 CORPORATE HILLS DR WICHITA KS 67207 MARY WEHNER 2011-07-13 true PAMELA J PEPPARD CPAPFS 3162655600 2010 2016-02-24 21:20:13Z A LEE WILLIAMS 9555 CORPORATE HILLS DRIVE WICHITA KS 67207 11312104 false X www.centralstar.org X 1940 KS PROVIDE FIVE STAR SERVICE WITH CONSISTENT QUALITY AND CARE TO OUR MEMBERS. 7 7 46 12 163117 -58623 0 0 5547742 5314972 -17242 157239 0 0 5530500 5472211 9199 20240 0 0 1904408 1656967 0 0 0 4664795 4711548 6578402 6388755 -1047902 -916544 72515764 68226464 65454388 62349133 7061376 5877331 TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS WITH EXCELLENCE AND INTEGRITY. TO PROVIDE FINANCIAL LITERACY TOOLS FOR OUR MEMBERS AND OUR COMMUNITY AT LARGE. false false PROVIDE DEPOSIT SERVICES TO 8,991 MEMBER OWNERS. RETURN TO OUR MEMBERS SAFE MARKET OR ABOVE MARKET RETURNS. PROVIDE A SOURCE OF CREDIT TO 5,700 BORROWERS. THESE LOANS ARE PROVIDED AT A FAIR AND REASONABLE COST. TO BE A SOURCE OF FINANCIAL LITERACY FOR OUR MEMBERS AND OUR COMMUNITIES. THIS IS DONE THROUGH THE FINANCIAL SEMINARS OFFERED TO ASSIST IN A VARIETY OF AREAS FROM BUDGETING TO FIRST TIME HOME BUYERS. PROVIDING FREE CREDIT COUNSELING AND FREE DEBT REDUCTION ASSISTANCE. false false false false false false false false true false false false true true true false false false false false false false false false false true false false false false false false false false false false false false true false false false false true 3098 0 46 true true true false false false false false false false false false X 7 7 false false false false true true true true true true true true false true true true true true true true false KS X MARY WEHNER 3166859555 9555 CORPORATE HILLS DRIVE WICHITA KS 67207 MARK BOWMAN 6.0 X X 0 0 0 SCOTT YEAKLEY 9.0 X X 0 0 0 MIKE HYBL 4.5 X 0 0 0 LARRY DUNTZ 12.0 X X 0 0 0 BILL DELONG 2.5 X 0 0 0 FRED WILHOFT 7.0 X X 0 0 0 DANNY HOLST 5.0 X 0 0 0 A LEE WILLIAMS 50.0 X 139580 0 8413 MONICA ROBERTS 50.0 X 63344 0 3838 MARY WEHNER 50.0 X 59032 0 3530 261956 0 15781 1 false false false 0 0 INTEREST ON LOANS 523000 3336849 3336849 INTEREST ON INVESTMENTS 523000 525704 525704 INCOME FROM FEES 523000 1452419 163117 1289302 5314972 0 0 0 5992732 4400 5839893 152839 4400 157239 157239 0 0 0 0 5472211 163117 5309094 17240 3000 0 0 292230 0 992916 0 254974 116847 0 0 165042 0 0 0 312540 0 43976 0 0 169185 18547 0 34089 1679 0 239148 260531 DIVIDENDS ON SAVINGS ACCTS 793223 PROVISION FOR LOAN LOSS 1682098 DEPOSIT SERVICE EXPENSE 534162 EDUCATION & PROMOTION 100207 BANK CHARGES 21059 336062 6388755 6302432 8386090 3799000 1467509 41031332 42267523 234383 137665 4840938 3338623 1708371 1502315 17124740 12644764 2315506 1820598 72515764 68226464 65385326 62244192 69062 41268 63673 65454388 62349133 X 4877395 3966668 1835234 1835234 348747 75429 7061376 5877331 72515764 68226464 X -916544 -267501 X false true true X false 366177 366177 1398016 545262 852754 3076745 2793361 283384 1502315 0 OTHER LIABILITIES 4317 ATM NETWORK CLEARING 59356 63673 5472211 6388755 -916544 267501 267501 -649043 5467811 5467811 4400 4400 5472211 6384355 -4400 -4400 6388755 6388755 Income/Expense not included in audited amounts Form 990, Schedule D, Part XII, Line 4b and Part XIII, Line 2d Gain/Loss on sale of fixed assets was included in miscellaneous expenses on the audited financial statements. The $4,400 was included in revenue on the 990 Forms. FIN 48 Footnote Form 990, Schedule D, 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, 2011, 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 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. true X Description of Grants & Other Assistance monitoring Schedule I, Part IV 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 Credit Union will support that charity as deemed appropriate. TAX & UBIT REVIEW FORM 990, PART VI, SECTION B, LINE 11 CENTRAL STAR HAS ESTABLISHED A UBIT & 990 REVIEW TEAM THAT CONSISTS OF THE BOARD CHAIR, THE BOARD TREASURER, THE SUPERVISORY CHAIR, THE CEO AND THE CFO. THE TEAM THEN REPORTS THEIR ANALYSIS TO THE FULL BOARD OF DIRECTORS AT THEIR REGULAR BOARD MEETINGS. CONFLICT OF INTEREST 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 THE CONFLICTS OF INTEREST. ALSO PART OF THE SUCCESSION PLANNING PROCESS. CEO COMPENSASTION FORM 990, PART VI, SECTION B, LINE 15A 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 ESTABLISHED ANNUALLY, PERFORMANCE REVIEWED AND COMPENSATION IS DETERMINED. OTHER OFFICERS COMPENSASTION FORM 990, PART VI, SECTION B, LINE 15B COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES OF ORGANIZATION ARE DETERMINED BY USING THE INFORMATION PROVIDED BY THE INDEPENDENT THIRD PARTY TO GIVE GUIDANCE ON SALARY ADJUSTMENTS. GOALS ACHIEVED AND PERFORMANCE OF OFFICER AND KEY EMPLOYEES ARE REVIEWED. HR MANAGER GIVES CEO RECOMMENDATIONS AND PERTINENT INFORMATION. THE CEO MAKES THE FINAL DETERMINATION ON SALARY INCREASES. AVAILABLE ORGANIZATIONAL DOCUMENTS 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. ORGANIZATION'S MEMBERS 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. ELECT BOARD AND APPROVE DECISIONS Form 990, Part VI, Section A, Lines 7a & 7b 7a. All of the organization's members vote on who should be a member of the governing body. 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. Central Star Financial Solutions LLC 9555 Corporate Hills Drive Wichita KS 67207 Mrtg/Insur KS 0 0