2011-07-21T09:54:09-05:00 2010-12-31 STEPHEN LANG & ASSOCIATES LLC 14323 S OUTER 40 STE N205 CHESTERFIELD MO 63017 990 2010-01-01 430739854 VANTAGE CREDIT UNION VANT 3142980055 4020 FEE FEE ROAD BRIDGETON MO 63044 HUBERT H HOOSMAN JR 3142980055 2011-07-21 1 3142058601 2010 2016-02-24 21:20:13Z HUBERT H HOOSMAN JR 4020 FEE FEE ROAD BRIDGETON MO 63044 69763810 0 X WWW.VCU.COM X 1957 MO WE ARE COMMITTED TO PROVIDING SUPERIOR SERVICE AND VALUE TO OUR MEMBER-OWNERS. 7 7 361 11 0 0 0 0 46697154 47312124 1536233 1103126 2890180 0 51123567 48415250 0 0 0 0 14690478 15316751 0 0 0 35619340 32347606 50309818 47664357 813749 750893 628291988 643190272 567547733 582231917 60744255 60958355 WE ARE COMMITTED TO PROVIDING SUPERIOR SERVICE AND VALUE TO OUR MEMBER-OWNERS. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 105,045 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2010, LOANS OUTSTANDING TOTALED $446,649,826. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $4,984,253 FOR THE YEAR. 0 0 1 0 0 0 1 0 1 0 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 0 1 21145 0 1 361 1 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 X DOUGLAS E RUCKMAN 3142980055 4020 FEE FEE ROAD BRIDGETON MO 63044 DR JERRY EICHHOLZ 1.00 X 0 0 0 DR WILLIAM SOLOMON 1.00 X 2102 0 0 MARK RUDOLPH 1.00 X 0 0 0 DANIEL ISOM 1.00 X 0 0 0 CHITONYA TONI MARTIN 1.00 X 0 0 0 DANIEL BOYLE 1.00 X 0 0 0 DR PAUL ZIEGLER 1.00 X 2217 0 0 HUBERT H HOOSMAN JR 40.00 X 297935 0 18422 ERIC V ACREE 40.00 X 157600 0 17141 DOUGLAS E RUCKMAN 40.00 X 136935 0 16930 RANDAL T YECK 40.00 X 129536 0 16594 CAMERON MINGES 40.00 X 129980 0 15084 CINDY A HARBISON 40.00 X 135933 0 3084 992238 0 87255 6 0 1 0 0 INTEREST ON LOANS 522100 30278486 30278486 FEES & OTHER INCOME 522100 17033638 17033638 47312124 912104 912104 21462327 77255 21178912 169648 283415 -92393 191022 191022 48415250 48415250 0 0 1079493 9959484 1463385 1926490 887899 167270 134965 638447 977608 2713252 2841971 2358078 70656 118980 811078 2922303 314122 PROVISION FOR LOAN LOSS 7400075 MEMBER DIVIDENDS 4984253 LOAN SERVICING 3618886 NCUSIF ASSESSMENTS 1433499 CORP CAPITAL IMPAIRMENT 175670 666493 47664357 14543322 24898422 62050024 39357840 465850239 439409317 1329785 1353162 57646467 23556204 34217161 34090263 35174320 88656541 15127137 15424727 628291988 643190272 5593795 6934535 194406 18134163 17094566 543819775 558008410 567547733 582231917 X 0 0 0 0 60744255 60958355 60744255 60958355 628291988 643190272 X 750893 -536793 X 0 1 1 X 0 3200 3200 3200 1 CUPAC OF MISSOURI 2055 CRAIGSHIRE DR ST LOUIS MO 631464009 431310069 2600 CUPAC IL 1807 W DIEHL RD NAPERVILLE IL 605667107 363092340 600 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: CONTRIBUTIONS TO VARIOUS CREDIT UNION POLITICAL ACTION COMMITTEES (CUPAC) RELATED TO CUPAC SPONSORED GOLF TOURNAMENTS. 0 1 18109940 18109940 18387433 7389785 10997648 2262518 1780190 482328 18886576 14386229 4500347 34090263 MEMBER SHARE DEPOSITS 557675025 ACCRUED DIVIDENDS PAYABLE 641 PENSION PLAN LIABILITY - SFAS 158 332744 558008410 48415250 47664357 750893 -325270 -211523 -536793 214100 48415250 0 48415250 0 48415250 47664357 0 47664357 0 47664357 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS FOR INSURANCE AND PROPERTY TAXES RELATED TO MEMBER REAL ESTATE LOANS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL INCOME TAXES EXCEPT FOR CERTAIN PRODUCTS AND SERVICES WHICH HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS) TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE. AS PRESENTED IN TECHNICAL ADVICE MEMORANDUMS, THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES IS SUBJECT TO INCOME TAXES UNDER THE UNRELATED BUSINESS INCOME TAX (UBIT) REGULATIONS. IN MANAGEMENT'S OPINION, THE CREDIT UNION HAS NO UNRELATED BUSINESS INCOME AND NO ACCRUAL HAS BEEN RECORDED. TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALITIES AND INTEREST FOR ANY YEARS FOR WHICH NO RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, THE ESTIMATED LIABILITY FOR ANY POTENTIAL TAX ASSESSMENT WOULD NOT HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. PART XI, LINE 8 - OTHER ADJUSTMENTS: PENSION LIABILITY ADJUSTMENT -211,523. X 1 1 X X 0 0 0 HUBERT H HOOSMAN JR 286835 0 3500 0 7600 0 2875 0 15547 0 316357 0 0 0 ERIC V ACREE 157600 0 0 0 0 0 1596 0 15545 0 174741 0 0 0 DOUGLAS E RUCKMAN 136935 0 0 0 0 0 1385 0 15545 0 153865 0 0 0 PART I, LINE 1A THE CREDIT UNION PROVIDED TRAVEL FOR COMPANIONS FOR THE FOLLOWING BOARD MEMBERS: DR. JERRY EICHHOLZ, CHAIRMAN - $275 DR. WILLIAM SOLOMON, VICE CHAIRMAN - $2,102 DR. PAUL ZIEGLER, DIRECTOR - $2,217 AS APPLICABLE, AMOUNTS WERE TREATED AS TAXABLE COMPENSATION AND FORMS 1099-MISC WERE FILED 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 ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11 THE SUPERVISORY COMMITTEE SELECTS/APPROVES THE ACCOUNTING FIRM TO COMPLETE THE RETURN. THE RESPONSIBLITY FOR REVIEWING THE 990 IS DELEGATED TO THE PRESIDENT, WHO IN TURN, REVIEWS THE DETAILS WITH OTHER MEMBERS OF MANAGEMENT BEFORE SIGNING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE PRESIDENT AND ALL DIRECTORS, COMMITTEE MEMBERS, AND KEY EMPLOYEES ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY, DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS, AND SUBMIT A SIGNED STATEMENT TO THAT EFFECT. THESE STATEMENTS ARE MAINTAINED ON FILE AT THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION BASED ON A SIGNED EMPLOYMENT CONTRACT. ALL OTHER MANAGEMENT COMPENSATION IS DETERMINED BY THE PRESIDENT AND 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: -325,270. PENSION LIABILITY ADJUSTMENT -211,523. TOTAL TO FORM 990, PART XI, LINE 5: -536,793. MEMBERS RESOURCES LLC 4020 FEE FEE ROAD BRIDGETON MO 63044 274479158 CREDIT UNION SERVICE ORGANIZATION PROVIDING MORTGAGE AND INSURANCE SERVICES. MO 1639872 5527273 TECHATCHERY LLC 4020 FEE FEE ROAD BRIDGETON MO 63044 272789465 CREDIT UNION SERVICE ORGANIZATION PROVIDING SOFTWARE SERVICES. MO 52 41964