2011-10-28T10:24:05-05:00 2010-12-31 STEPHEN LANG & ASSOCIATES LLC 14323 S OUTER 40 STE N205 CHESTERFIELD MO 63017 990 2010-01-01 480625190 QUEST CREDIT UNION QUES 7852335556 PO BOX 1128 TOPEKA KS 666011128 VICKIE HURT 7852335556 2011-10-28 1 3142058601 2010 2016-03-07 17:11:31Z VICKIE HURT PO BOX 1128 TOPEKA KS 666011128 10135200 0 X WWW.QUEST-CU.ORG X 1974 KS QUEST CREDIT UNION WILL EXCEED MEMBER EXPECTATIONS IN OUR COMMITMENT TO THEIR FINANCIAL SUCCESS. 14 14 70 21 29540 -8367 0 0 4434667 7401984 899899 1680158 452962 28926 5787528 9111068 0 0 17749 33555 1258243 2534644 0 0 0 4716018 6124243 5992010 8692442 -204482 418626 96965570 232487992 88458844 210364305 8506726 22123687 QUEST CREDIT UNION WILL EXCEED MEMBER EXPECTATIONS IN OUR COMMITMENT TO THEIR FINANCIAL SUCCESS. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 33,006 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2010, THERE WERE 10,248 LOANS OUTSTANDING TOTALING $96,470,530. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $2,407,910 FOR THE YEAR. 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8059 0 1 70 1 1 1 0 0 0 0 0 X 14 14 0 0 1 0 1 1 1 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 X DAVID LINDERMAN 7852335556 610 SW 10TH STREET TOPEKA KS 66612 BOBB COLLIE 2.00 X 0 0 0 WILLIAM MIKE LACKEY 2.00 X 0 0 0 GEORGE ROHRER 2.00 X 0 0 0 BRYAN VARGAS 2.00 X 0 0 0 GELENE SAVAGE 2.00 X 0 0 0 JOELL CHOCKLEY 2.00 X 0 0 0 DONALD COOPER 2.00 X 0 0 0 BRADFORD DEITER 2.00 X 0 0 0 DONALD FRICK 2.00 X 0 0 0 JO ANN GOEDEKE 2.00 X 0 0 0 TERRY HEIDNER 2.00 X 0 0 0 ROBERT KAHLER 2.00 X 0 0 0 LARRY SCARBROUGH 2.00 X 0 0 0 VICKIE HURT 50.00 X 117152 0 13118 GARY COLCHER 50.00 X 69231 0 19568 186383 0 32686 1 0 0 0 0 INTEREST ON LOANS 522100 5808587 5808587 FEES & OTHER INCOME 522100 1563857 1563857 NON-MEMBER ATM FEES 522100 17161 17161 WARRANTY SALES 522100 11080 11080 INSURANCE SERVICES 522100 1299 1299 7401984 2138919 2138919 28926 28926 565371 1024132 -458761 -458761 -458761 9111068 9081528 29540 0 33555 219069 1841285 102530 220224 151536 5695 152213 19755 266820 277641 1079243 210450 51432 3728 456734 70042 MEMBER DIVIDENDS 2407910 PROVISION FOR LOAN LOSS 516163 NCUSIF ASSESSMENTS 357260 LOAN SERVICING 154944 ASSOCIATION DUES 37913 56300 8692442 492441 1489938 20001204 18663652 15626 75187 53404445 94501291 431002 479549 10517872 3948137 3842614 6569735 17142764 105002132 1635474 5706508 96965570 232487992 267010 648408 192728 11996000 76195834 209523169 88458844 210364305 X 0 0 0 0 8506726 22123687 8506726 22123687 96965570 232487992 X 418626 13198335 X 1 0 1 X 0 0 1 1078853 1078853 6077571 1723820 4353751 489391 416279 73112 2872057 1808038 1064019 6569735 MEMBER SHARE DEPOSITS 209388586 ACCRUED DIVIDENDS PAYABLE 134583 209523169 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS FOR INSURANCE AND PROPERTY TAXES RELATED TO MEMBER REAL ESTATE LOANS. FORM 990, PART VI, SECTION A, LINE 4 UPON COMPLETION OF THE MERGER WITH CREDIT UNIONS UNITED ON MAY 21, 2010, THE CREDIT UNION CHANGED ITS NAME FROM "CREDIT UNION 1" TO "QUEST CREDIT UNION." IN ADDITION, THE NUMBER OF DIRECTORS ON THE BOARD INCREASED FROM 7 TO 14. ORGANIZATIONAL DOCUMENTS WERE AMENDED 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 SIGNIFICANT CHANGES SUCH AS CHANGES TO BYLAWS AND MERGERS ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, NO SUCH CHANGES WERE SUBJECT TO APPROVAL IN 2010. IN 2009, THE MEMBERS APPROVED THE BOARD'S RECOMMENDATION TO MERGE WITH CREDIT UNIONS UNITED. THE MERGER WAS COMPLETED AS OF MAY 21, 2010. FORM 990, PART VI, SECTION B, LINE 11 THE RESPONSIBILITY FOR REVIEWING THE FORM 990 IS DELEGATED TO THE CO-PRESIDENT/CEO, WHO IN TURN, REVIEWS DETAILS WITH OTHER CREDIT UNION MANAGEMENT BEFORE RELEASING IT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS PERFORMANCE AND DETERMINES COMPENSATION FOR BOTH OF THE CO-PRESIDENT'S/CEO'S USING VARIOUS INFORMATION, INCLUDING THE COMPEASE SALARY ADMINISTRATION PROGRAM, AND PURSUANT TO WRITTEN EMPLOYMENT CONTRACTS. 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 REQUEST. IN ADDITION, THE NCUA WEBSITE POSTS FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS, POLICIES, AND PROCEDURES ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -65,403. MERGER WITH CREDIT UNIONS UNITED 13,263,915. OTHER ADJUSTMENTS -177. TOTAL TO FORM 990, PART XI, LINE 5: 13,198,335.