2024-05-14T15:18:38+00:00 2023-12-31 440160260 FORVIS LLP 201 N Illinois Street Suite 700 Indianapolis IN 46204 990 2023-01-01 420804594 GreenState Credit Union GREE 3193391000 2355 Landon Road North Liberty IA 523170800 Vic Israni President / CEO 3193412101 2024-05-14 true VIC ISRANI 999009999 true Michael J Summers P00838533 3173834000 2024-05-15 2023 2023-04-26 12:10:37Z Vic Israni 2355 Landon Road North Liberty IA 523170800 583187091 false X www.greenstate.org X 1938 IA As the nation's greatest financial institution, we...make profound impact in the lives of our members, empower our employees to create endless opportunities and shape our future, and enhance the vitality of our communities by donating our time, talents, and financial support. 9 9 1025 11 217348 0 0 0 423087687 486320278 13735708 40022155 62794005 51222212 499617400 577564645 5560859 5184044 0 111012169 108913031 0 0 341339777 548138014 457912805 662235089 41704595 -84670444 11278583077 11331220069 10369107740 10545598697 909475337 785621372 As the nation's greatest financial institution, we...make profound impact in the lives of our members, empower our employees to create endless opportunities and shape our future, and enhance the vitality of our communities by donating our time, talents, and financial support. false false GreenState Credit Union provides lending services with competative rates. The lending portfolio includes: - Mortgage loans including both first and second mortgages - Consumer loans including primarly auto loans and unsecured personal loans - Commercial Loans including both commercial real-estate and non-real-estate lending In 2023, the credit union originated $405 million of in-house mortgage loans; $1.15 billion of consumer and $202 million of Commercial loans. In addition, originated $1.48 billion in first mortgage loans which were sold on the secondary market. GreenState also provides opportunities for members to save for future needs in the form of Savings, Money Market, CDs while offering competitive rates on these funds. In 2023, deposits grew from $9.077 billion to $9.208 billion. GreenState also provides membership with avenues to transact business via channels such as ACH, wire, electronic funds transfer, ETC. In 2023, the credit union processed 69,710,234 Financial transactions for its members. 0 false false false false false false true false true false false false true true false true false false false false false false false false false true false true false true false false false false false false false false true false false false true 154699 0 true 1025 true true true false false false false false true false X 9 9 false false false false true true true true true false false true true true true true true true true false IA X X VIC ISRANI 3193412101 2355 LANDON ROAD NORTH LIBERTY IA 53217 Andre Perry Director (resigned 04.21.2023) 2.0 X 0 0 0 Dave Wright BOD - Director 4.0 X 2400 0 0 Drew Denning BOD - CFO 3.0 X 2400 0 0 Fred Mims BOD - Chairperson 13.0 X 9828 0 0 Laurel Day BOD - Secretary 2.0 X 3864 0 0 Loras Neuroth Committee Chairperson (resigned 04.18.2023) 2.0 X 1110 0 0 Lynsey Engels BOD - Vice Chariperson 8.0 X 0 0 0 Marc Moen BOD - Director 2.0 X 0 0 0 Mark Rolinger BOD - Credit Committee Chairperson 2.0 X 7508 0 0 MJ Dolan BOD - Governance Committee Chiarperson 2.0 X 4262 0 0 Tiffany O'Donnell BOD - Director 2.0 X 0 0 0 Amy Henderson Chief Consumer Service Officer (Left 09/2023) 50.0 X 869028 0 86618 Heather Stumpf Interim CFO 50.0 X 274681 0 4429 James Kelly Chief Marketing Officer 50.0 X 523753 0 32285 Jeffrey Disterhoft President & CEO (Left 09/2023) 50.0 X 610408 0 60354 Katherine Courtney Chief Operating Officer 50.0 X 769258 0 44235 Marsha Wolff Chief HR & Information Officer (Left 09/2023) 50.0 X 982395 0 41367 Ryan Doehrmann Chief Mortgage Officer 50.0 X 459362 0 10463 Samantha McSorley Chief Commerical Officer 50.0 X 512603 0 6231 Scott Taylor Interim Chief Information Technology 50.0 X 279262 0 30000 Todd Fanning Interim CEO/CFO 50.0 X 752862 0 36105 Daryn Peterson VP/Mortgage Lending 50.0 X 1007035 0 22500 Eric Norman VP/Mortgage Lending 50.0 X 671448 0 30000 Felisha Junge VP/Mortgage Loan Officer 50.0 X 547465 0 8705 Peter Johnson VP/Mortgage Loan Officer 50.0 X 444085 0 32963 Tyler Knudsvig Commercial Services Loan Officer VP 50.0 X 436588 0 26419 9171605 0 472674 247 false true false RSM US LLP 331 W 3rd S Ste 200 Davenport IA 52801 Technology Support 4467108 Consolidated Information Services Solutions LLC 370 Reed Rd Ste 10 Broomall PA 19008 Mortgage Verification 3090540 Lanvera LTD 112 Wrangler Dr STE 150 Coppell TX 75019 Print Services 2472137 SimpleNexus LLC 2600 N Ashton Blvd STE 500 Lehi UT 84043 Mortgage Software 710062 McComas-Lacina Construction 1310 Highland Ct Iowa City IA 52240 Construction 363676 21 0 0 0 0 0 0 0 0 LOAN INTEREST REVENUE 522100 468496672 468496672 ATM FEE REVENUE 522100 17823606 17606258 217348 0 0 0 0 486320278 40433522 40433522 363501 0 363501 0 363501 363501 5211079 5622446 0 -411367 -411367 -411367 0 0 0 0 0 0 SERVICE RELEASE PREMIUMS 522100 21660582 21660582 INTERCHANGE REVENUE 522100 24905179 24905179 MISCELLANEOUS REVENUE 522100 4292950 4292950 0 0 0 0 50858711 577564645 536961641 217348 40385656 5184044 0 0 0 6396165 0 65275270 6673341 24521524 6046731 0 384675 1144433 0 0 0 1587501 5081335 10129330 15252372 0 9072116 296722 0 5115 50230465 0 7932579 1764423 INTEREST PAID TO MEMBERS 239957492 PROVISION FOR LOAN LOSS 157710197 MISCELLANEOUS EXPENSE 28804396 PROCESSING FEES 18784863 0 662235089 727104819 1214200234 0 0 0 0 0 0 17151681 17582520 0 0 9897852728 9485460076 0 0 13696210 14718970 198713203 63373071 134660659 135340132 58379803 91134906 0 0 136955164 134990764 292782013 237792467 11278583077 11331220069 57821129 82243705 0 0 0 0 0 0 21861910 0 0 0 1209819827 1250843765 0 0 9079604874 9212511227 10369107740 10545598697 X 0 0 0 0 909475337 785621372 909475337 785621372 11278583077 11331220069 X -84670444 1917892 -41101413 X false true X true false false true X 37600707 37600707 104295590 17568793 86726797 505310 100863 404447 55859235 45703415 10155820 452361 452361 135340132 MEMBER CHECKING & SAVINGS ACCOUNT 2985357579 CD'S & IRA'S 4413141308 NONMEMBER MMA 1814012340 ROU LIABILITY 9212511227 X Schedule D, Part IV, Line 2b Explanation of escrow agreement GREENSTATE CREDIT UNION COLLECTS AMOUNTS FROM MEMBERS WITH REAL ESTATE LOANS EACH MONTH VIA THEIR CONTRACTUAL PAYMENT SCHEDULE. THESE FUNDS ARE HELD IN ESCROW UNTIL THEY NEED TO BE DISBURSED IN ACCORDANCE WITH THE ESCROW INSTRUCTIONS FOR EACH MEMBER. AMOUNTS HELD IN ESCROW ARE FOR PROPERTY TAXES AND HOMEOWNER'S INSURANCE. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Greenstate Credit Union is exempt from income tax under section 501(c)(14) of the Internal Revenue Code and therefore no income taxes have been provided for the financial statements. The credit union does however pay property taxes to the county and city on its buildings and computer equipment and is assessed other amounts which have been reflected in the credit unions financial statements. The credit union accounts for uncertainty in income taxes in accordance with ASC 740, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the credit union may recognize the tax benefits from an uncertain tax position only if it is more-likely-than-not that the tax position will be sustained on examination by taxing authorities, based on technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses derecognition, classification, interest and penalties on income taxes, and accounting in interim periods. This standard did not have an impact on the financial statements and the credit union does not have any uncertain tax positions. The credit union recognizes interest and penalties on income taxes as a component of income tax expense. true Quad Cities River Bandits 5120 Hamilton Ct Davenport IA 52807 113804992 LLC 5000 Bandits Scholars Program Friends of Historic Downtown West Branch (DBA West Branch Community Develop ment Group) 127 W Main St PO Box 786 West Branch IA 52358 203304311 501(c)(3) 5000 2023 Events including Sweets for Success, Kickoff to Summer, Fall Fest and A Christmas Past Iowa Central Community College Foundation 1 Triton Circle Fort Dodge IA 50501 237043863 501(c)(3) 5000 Center for Performing Arts transformation and expansion The Conservation Foundation 10S404 Knoch Knolls Naperville IL 60565 237221206 501(c)(3) 5000 2023 Sponsorship Package Des Moines Area Community College Foundation 2006 S Ankeny Blvd Bldg 22 Ankeny IA 50023 237229486 501(c)(3) 5000 DMACC 5K Walk/Run Indian Creek Nature Center 5300 Otis Rd SE Cedar Rapids IA 52403 237260197 501(c)(3) 5000 2023 Event Partnership Cedar Rapids Public Library Foundation 450 5th Ave SE Cedar Rapids IA 52403 237292786 501(c)(3) 5000 Summer Dare Mentor Iowa 2332 Rocklyn Drive Urbandale IA 50323 237329212 501(c)(3) 5000 20th annual Mentor Iowa auction Meals From the Heartland 357 Lincoln Street West Des Moines IA 50265 263443290 501(c)(3) 5000 2024 MLK Jr Day of Packaging Hope's Front Door 1047 Curtiss Street Downers Grove IL 60515 270073814 501(c)(3) 5000 Hands of Hope Luncheon, Pathways to Financial Health Sponorship Newbo City Market 1100 Third St SE Cedar Rapids IA 52401 270600567 501(c)(3) 5000 Meet Me at the Market Hinsdale Humane Society 21 Salt Creek Lane Hinsdale IL 60521 362441177 501(c)(3) 5000 Hinsdale Humane Society Mutual Ground Inc 418 Oak Avenue Aurora IL 60506 362921680 501(c)(3) 5000 Corporate Partner Program DuPage Children's Museum 301 North Washington Street Naperville IL 60540 363565001 501(c)(3) 5000 Members Only/Family Fun Friday Family Events DuPage Habitat for Humanity 1600 E Roosevelt Rd Wheaton IL 60187 364003119 501(c)(3) 5000 Home Dedication 100 Men Who Care Tri-State Area 1900 John F Kennedy Rd Dubuque IA 52002 364761269 501(c)(3) 5000 100+ Men Who Care Quarterly Meetings Edmundson Art Foundation Inc dba Des Moines Art Center 4700 Grand Ave Des Moines IA 50312 420680419 501(c)(3) 5000 2023 Community Art Access Willkie House 900 17th Street Des Moines IA 50314 420680433 501(c)(3) 5000 Willkie House Gym Renovation YMCA of Greater Des Moines 501 Grand Ave Des Moines IA 50309 420680438 501(c)(3) 5000 Y Supportive Housing Campus Young Men's Christian Association of the Iowa Mississippi Valley - North Fa mily YMCA 624 W 53rd St Davenport IA 52806 420703278 501(c)(3) 5000 2023 Annual Campaign United Way of Dubuque Area Tri-States 215 W 6th St Dubuque IA 52001 420761060 501(c)(3) 5000 United Way Campaign 2023 Orchestra Iowa Inc 119 Third Avenue SE Cedar Rapids IA 52401 420772544 501(c)(3) 5000 2022-23 Season of Concerts & Educational Programming Holy Family Catholic Schools 2005 Kane Street Dubuque IA 52001 420792429 501(c)(3) 5000 2022/2023 Business Sponsorship Cedar Valley United Way 425 Cedar Street Suite 300 Waterloo IA 50701 420801846 501(c)(3) 5000 United Way Campaign 2023 Community & Family Resources 211 Ave M West Fort Dodge IA 50501 420938934 501(c)(3) 5000 First American Bank Pledge Four Oaks 5400 Kirkwood Blvd SW Cedar Rapids IA 52404 420998726 501(c)(3) 5000 Four Oaks 2023 Pickleball Classic Iowa City Public Library Friends Foundation 123 S Linn St Iowa City IA 52240 421181774 501(c)(3) 5000 Business Partner of the Month/June 2022, 2023, 2024 Riverside Theatre 119 E College Street Iowa City IA 52240 421188839 501(c)(3) 5000 Riverside Theatre- Crescent Block Theatre Construction Ronald McDonald House Charities of Eastern Iowa and Western Illinois 730 Hawkins Dr Iowa City IA 52246 421189783 501(c)(3) 5000 Piano Celebration Mississippi Valley Blues Society 102 South Harrison St Suite 203 Davenport IA 52801 421233714 501(c)(3) 5000 Annual Fall Blues Festival Linn-Mar School Foundation 2999 10th St Marion IA 52302 421267125 501(c)(3) 5000 Linn-Mar School Foundation - feed it forward Iowa Women's Foundation 2201 E Grantview Dr Suite 200 Coralville IA 52241 421431092 501(c)(3) 5000 Annual Event Sponsorship Fort Dodge United Way and Community Foundation 24 North 9th Street Suite B Fort Dodge IA 50501 421439853 501(c)(3) 5000 United Way Campaign 2023 Williamsburg Community School District Foundation 810 W Walnut Street Williamsburg IA 52361 421468053 501(c)(3) 5000 Williamsburg Performance Center The Diversity Service Center of Iowa 1514 Isett Avenue Ste 2 Muscatine IA 52761 421515197 501(c)(3) 5000 Educational Outreach Program Broadlawns Medical Center Foundation 1801 Hickman Road Des Moines IA 50314 421527407 501(c)(3) 5000 Broadlawns Foundation 33rd Annual Golf Outing Figge Art Museum 225 W 2nd Street Davenport IA 52801 426090398 501(c)(3) 5000 Diversity & Equity Art Fund and Young Artist Exhibition at the Figge Hospice Home of Johnson County-The Bird House 8 Lime Kiln Lane NE Iowa City IA 52240 462471547 501(c)(3) 5000 Operating Expenses American National Red Cross 2116 Grand Ave Des Moines IA 50312 530196605 501(c)(3) 5000 Everyday Heroes / Emergency Response Vehicle American National Red Cross 2116 Grand Ave Des Moines IA 50312 530196605 501(c)(3) 5000 Everyday Heroes / Emergency Response Vehicle Old Settlers Days-Rockton Lions Charities 220 E Harwick St Rockton IL 61072 562496204 501(c)(3) 5000 Old Settlers Days Families Helping Families of Iowa Inc 6000 7th St SW CEDAR RAPIDS IA 52404 710985937 501(c)(3) 5000 Annual Corporate Sponsorship Johnson County Affordable Housing Coalition 322 E 2nd St Iowa City IA 52240 813048753 501(c)(3) 5000 Key Sponsor Think Big Corporation 6933 Pats Circle Rockford IL 61102 832070051 501(c)(3) 5000 Think Big School of Business Job Rides Inc 3504 129th Street Urbandale IA 50323 873938907 501(c)(3) 5000 Job Rides, Inc. Services: Rides for Employment Bix 7 1225 E River Dr suite 230 Davenport IA 52803 930708918 501(c)(3) 5000 Quad-City Times Bix 7 Outreach 373 S Schmale Road Carol Stream IL 60188 237265066 501(c)(3) 5000 General Expenses American Cancer Society - Coaches vs Cancer Set the Screen American Cancer Society Inc Iowa City IA 52246 131788491 501(c)(3) 5000 Coaches vs Cancer Set the Screen Kirkwood Community College Foundation 6301 Kirkwood Blvd SW Cedar Rapids IA 52404 237076632 501(c)(3) 5425 Financial Literacy Fair, Career Discovery Tours, STEAM Xavier High School 6300 42nd Street NE Cedar Rapids IA 52411 420802294 501(c)(3) 5500 Xaviers Dancing with the Saints Marion Independent School Foundation & Alumni Association 777 South 15th Street Marion IA 52302 421343360 501(c)(3) 5500 FASTWorks/Golf Classic/Senior Night Summer of the Arts Inc 319 E 1st Street Iowa City IA 52240 421412706 501(c)(3) 5500 Free Movie Series City of Cedar Falls Cedar Falls Tourism 6510 Hudson Rd Cedar Falls IA 50613 426004332 501(c)(3) 5500 Panthers on Parade Iowa City Area Business Partnership 136 S Dubuque St Iowa City IA 52240 420330530 501(c)(6) 5900 Sponsorships for 2023 North Liberty Community Betterment Group PO Box 77 North Liberty IA 52317 272559163 501(c)(3) 6000 Beat the Bitter - Fire & Ice North Liberty Community Betterment Group PO Box 77 North Liberty IA 52317 272559163 501(c)(3) 6000 Beat the Bitter - Fire & Ice Waterloo Schools Foundation PO Box 1896 Waterloo IA 50704 421364293 501(c)(3) 6000 Annual Sponsorship Program Beyond Pink TEAM 1407 Ashbury Road Waterloo IA 50701 421445986 501(c)(3) 6000 Pink Ribbon Run City of Hiawatha 101 Emmons Street Hiawatha IA 52233 426025060 Government Entity 6000 Music in the Park UNI Foundation - Panther Scholarship Club UNI-Dome NW Lower 283 Cedar Falls IA 50614 426058591 501(c)(3) 6000 Panther Scholarship Club - Panther Champions Scholarship Program 247 Blac 131 Tower Park Dr Waterloo IA 50701 901179763 501(c)(3) 6000 Vitality Black Businesss Expo & Pitch Competition Iowa City Parks and Recreation 220 S Gilbert Street Iowa City IA 52240 426004805 501(c)(3) 6250 Market Music and Farmer's Market Events Xavier High School 6300 42nd Street NE Cedar Rapids IA 52411 420802294 501(c)(3) 6300 Xaviers Dancing with the Saints Heritage Christian School 255 Hackberry Street North Liberty IA 52317 421386017 501(c)(3) 6925 2023 Give & Grow School Match American Heart Association 1035 N Center Point Road Suite B H Hiawatha IA 52233 135613797 501(c)(3) 7000 Eastern Iowa American Heart Association Iowa City Downtown District 103 E College St IA 5224 Iowa City IA 52240 421376887 501(c)(6) 7000 Downtown Block Party National Balloon Classic PO BOX 346 INDIANOLA IA 501250346 510137286 501(c)(3) 7000 National Balloon Classic Saint Edmond Catholic Schools 2220 4th Ave N Fort Dodge IA 50501 262935041 501(c)(3) 7400 2023 Give & Grow School Match United Way of the Quad Cities Area 852 Middle Rd Unit 401 Bettendorf IA 52722 362725960 501(c)(3) 7500 United Way Campaign 2023 Dubuque Museum of Art 701 Locust Street Dubuque IA 52001 421071185 501(c)(3) 7500 Black History Month Interactive Installation by Jill Wells Think Iowa City 900 1st Ave Coralville IA 52241 421203842 501(c)(6) 7500 FRYfest Children's Cancer Connection 5701 Greendale Road Johnston IA 50131 421313167 501(c)(3) 7500 Teen Camp, Camping the Night Away Swisher, and ADA Accessible Playground Boys & Girls Clubs of the Cedar Valley 515 Lime Street Waterloo IA 50701 426083723 501(c)(3) 7500 Exploring The Great Outdoors Event Faith Academy 1030 Cross Park Ave Iowa City IA 52240 823695810 501(c)(3) 7500 2023 Give & Grow School Match St Thomas More Catholic Church 3000 12th Ave Coralville IA 52241 420680432 501(c)(3) 8333 Growing More in Faith Capital Campaign Cedar Valley Humane Society 7411 Mt Vernon Road Cedar Rapids IA 52403 420814023 501(c)(3) 8333 Expanding Our Pawprint Capital Campaign Tanager Place 2309 C St SW Cedar Rapids IA 52404 420688079 501(c)(3) 8333 Camp Tanager Capacity Expansion Team IRG 5406 Douglas Ave Des Moines IA 50310 465539632 LLC 8500 Past Client Events Boys & Girls Club of the Corridor 420 6th Street SE Suite 240 Cedar Rapids IA 52401 421434056 501(c)(3) 8750 Community Partner Boys & Girls Club of the Corridor 420 6th Street SE Suite 240 Cedar Rapids IA 52401 421434056 501(c)(3) 8750 Community Partner Des Moines Wine Festival Foundation 1011 Locust Street Suite 301 Des Moines IA 50309 050627578 501(c)(3) 10000 Winefest Winter Wine + Dine Week Des Moines Wine Festival Foundation 1011 Locust Street Suite 301 Des Moines IA 50309 050627578 501(c)(3) 10000 Winter Wine + Dine Week Juvenile Diabetes Research Foundation - Eastern Iowa 1026 A Ave NEBox 3026 Cedar Rapids IA 52402 231907729 501(c)(3) 10000 JDRF One Walk and Promise Gala Julien Dubuque International Film Festival 450 Bradley Street Dubuque IA 52003 264261800 501(c)(3) 10000 Julien Dubuque International Film Festival (JDIFF) North Liberty Community Betterment Group PO Box 77 North Liberty IA 52317 272559163 501(c)(3) 10000 North Liberty Blues & BBQ Chicago Zoological Society - Brookfield Zoo 3300 Golf Rd Brookfield IL 60513 362167016 501(c)(3) 10000 Living Coast Space Pad Sponsorship Paramount Arts Center 8 East Galena Blvd Aurora IL 60506 363189061 501(c)(3) 10000 Spotlight Sponsor "Little Shop of Horrors" DuPage Pads 601 W Liberty Dr Wheaton IL 60187 363675494 501(c)(3) 10000 Operating Support His Hands Free Medical Clinic 1245 Second Ave SE Cedar Rapids IA 52403 391878606 non profit 10000 Great Need. Great Care. The campaign to grow His Hands Free Clinic Iowa Wolves 730 Third Street Des Moines IA 50309 411796677 partnership 10000 Every Child A Ball and Ball Exchange Programs Federacion de Clubes Michoacanos en Illinois 900 Roosevelt Rd West Chicago IL 60185 412061019 501(c)(3) 10000 Immigrant Education Program University of Iowa Center for Advancement 1 West Park Road Iowa City IA 52242 420796760 501(c)(3) 10000 Hancher's 51st Season - 2023/24 Community Theatre of Cedar Rapids Inc dba Theatre Cedar Rapids 102 3rd St SE Cedar Rapids IA 52401 420890913 501(c)(3) 10000 Theatre Cedar Rapids Lounge Sponsorship 2023-24 Season Junior Achievement of the Heartland 800 12th Avenue Moline IL 61265 420919209 501(c)(3) 10000 JA Inspire Career Expo Think Iowa City 900 1st Ave Coralville IA 52241 421203842 501(c)(6) 10000 Foodie February ICAD 136 S Dubuque Street Iowa City IA 52240 421234837 501(c)(6) 10000 Builders and Backers - Local Pebble Grant Funding Family & Children's Council 208 E 4th St Waterloo IA 50703 421307663 501(c)(3) 10000 Take Charge of Your Body Sexual Abuse Prevention Program Iowa City Downtown District 103 E College St Iowa City IA 52240 421376887 501(c)(6) 10000 Kids Market & Holiday Pop-Up Market EDC Inc 230 2nd St SE Suite 212 Cedar Rapids IA 52401 421447565 501(c)(6) 10000 Entrepreneurial Development Center (EDC) Vitality Iowa Health Foundation dba Blank Children's Hospital 1415 Woodland Avenue Suite E200 Des Moines IA 50309 421467682 501(c)(3) 10000 John Stoddard Cancer Center Rally Against Cancer Linking Families and Communities 822 Central Avenue Suite 300 Fort Dodge IA 50501 421595304 501(c)(3) 10000 Planting the SEEDS for a Brighter Future Big Brothers Big Sisters of Johnson County 3109 Old Hwy 218 S Iowa City IA 52246 426061606 501(c)(3) 10000 Bowl for Kids' Sake 2023 - Ruby Anniversary Boys & Girls Clubs of Central Iowa 1421 Walker Street Des Moines IA 50316 426075138 501(c)(3) 10000 Power Hour: Making Minutes Count & Youth of the Year Sponsorship Filmscene 404 E College 100 Iowa City IA 52240 454103745 501(c)(3) 10000 Community Collaborations Latino Resources Inc 4217 University Ave Suite 1 Des Moines IA 50311 542074268 501(c)(3) 10000 Latino Heritage Festival Corridor Business Journal 2345 Landon Road Suite 100 North Liberty IA 52317 760758768 s corp 10000 Diversity, Inclusion & Impact Symposium Capital City Pride 2643 Beaver Ave 170 Des Moines IA 50310 770690820 501(c)(3) 10000 Pride Fest LadyLike co Back 2 School Iowa 1021 North Dakota Ave Ames IA 50014 824046219 501(c)(3) 10000 2023 LadyLike PowHER Conference KNOCK AND DROP IOWA 4801 Franklin Avenue DES MOINES IA 50310 850633938 501(c)(3) 10000 CULTURALLY SPECIFIC FOODS - Karla Rangel BWELL Foundation 900 Keo Way Suite 108 Des Moines IA 50310 852167776 501(c)(3) 10000 King Elementary Tacticle Mural and Sensory Wellness Space BWELL Foundation 900 Keo Way Suite 108 Des Moines IA 50310 852167776 501(c)(3) 10000 King Elementary Tacticle Mural and Sensory Wellness Space Grinnell School of Music 720 5th Avenue Grinnell IA 50112 883118049 501(c)(3) 10000 Capital Campaign Cedar Basin Music Festival 1008 Erik Road Cedar Falls IA 50613 421423557 501(c)(3) 12000 Cedar Basin Music Festival 2023 No Foot Too Small 1150 5th Street Suite 152 Coralville IA 52241 824301632 501(c)(3) 12000 Support Angels in the Outfield Community Foundation of Johnson County Iowa 501 12th Ave Coralville IA 52317 421508117 501(c)(3) 12500 North Liberty Centennial Park Next Stage Capital Campaign Variety - the Children's Charity 505 5th Avenue Suite 310 Des Moines IA 50309 426077108 501(c)(3) 12750 Multiple Events Englert Theatre 221 E Washington Street Iowa City IA 52240 421508154 501(c)(3) 13000 Mission Creek Festival Catholic Worker Charitable Giving Fund 501 12th Ave Suite 102 Coralville IA 52241 421508117 501(c)(3) 13333 Refugee Resettlement and Immigrant Housing Project Iowa City Community School District Foundation 1725 N Dodge St Iowa City IA 52245 421177023 501(c)(3) 13765 2023 Give & Grow School Match Zach Johnson Foundation PO Box 2336 Cedar Rapids IA 52406 272683100 501(c)(3) 15000 Zach Johnson Foundation Classic & Gala Downtown Davenport Partnership a Division of the Quad Cities Chamber of Com merce 331 W 3rd StSte 100 Davenport IA 52801 273065786 501(c)(6) 15000 Alternating Currents Waypoint Services For Women Children And Families 318 5th St SE Cedar Rapids IA 52401 420680307 501(c)(3) 15000 Capital Campaign United Way of Central Iowa 1111 Ninth Street Suite 100 Des Moines IA 50314 420680425 501(c)(3) 15000 United Way Campaign 2023 Iowa College Foundation 505 5th Avenue Suite 1034 Des Moines IA 50309 420745995 501(c)(3) 15000 ICF Annual Unrestricted Funding Request and DEI Opportunity Scholarship Challenge Program Request United Way of East Central Iowa 317 7th Ave Se Ste 401 Cedar Rapids IA 52401 420861239 501(c)(3) 15000 United Way Campaign 2023 Junior Achievement of the Heartland 800 12th Avenue Moline IL 61265 420919209 501(c)(3) 15000 JA Inspire Career Expo & JA Bowl-A-Thon Live Healthy Iowa 1421 S Bell AveSte 104 Ames IA 50010 421278326 501(c)(3) 15000 Grizzlies Youth Wheelchair Basketball Program Iowa City Downtown District 103 E College St Iowa City IA 52240 421376887 501(c)(6) 15000 GreenState BenchMarks & IC Mural program Boys & Girls Club of the Corridor 420 6th Street SE Suite 240 Cedar Rapids IA 52401 421434056 501(c)(3) 15000 Unlocking the Future Campaign United Way of Johnson and Washington Counties 1150 5th Street Suite 290 Coralville IA 52241 426062055 501(c)(3) 15000 United Way Campaign 2023 IWLC 415 12th Ave SE Suite 120 Cedar Rapids IA 52401 452932668 501(c)(3) 15000 2023 One Team Summit Regina FoundationRegina Catholic Education Center 2140 Rochester Avenue Iowa City IA 52245 510158837 501(c)(3) 15000 2023 Annual funding Proposal Iowa Heartlanders 802 Quarry Road Coralville IA 52240 931655831 LLC 15000 Iowa Heartlanders Partnership The Domestic Violence Intervention Program (DVIP) 1105 S Gilbert Court Ste 300 Iowa City IA 52240 421124902 501(c)(3) 16667 "Finding Safety, Building Hope'' City of West Des Moines 4200 Mills Civic Parkway West Des Moines IA 50265 426005359 Government Entity 16667 Historic West Des Moines Housing Fund Iowa Soccer Development Foundation PO Box 434 Des Moines IA 50302 844367003 501(c)(3) 16667 Pro Iowa Holy Family Catholic Schools 2005 Kane Street Dubuque IA 52001 420792429 501(c)(3) 16667 Platform for Excellence Capital Campaign Great Outdoors Foundation 501 SW 7th Street Suite G Des Moines IA 50309 421441098 501(c)(3) 16667 Central Iowa Water Trails Coralville Community Food Pantry 1002 5th Street PO Box 5523 Coralville IA 52026 473509757 501(c)(3) 16667 Building Campaign Des Moines Arts Festival PO Box 1434 Des Moines IA 50305 421471969 501(c)(3) 20000 Des Moines Arts Festival Matthew 25 201 3rd Ave SW Cedar Rapids IA 52404 260467321 501(c)(3) 25000 Healthy Time Check River Bend Foodbank 4010 Kimmel Drive Davenport IA 52802 363147342 501(c)(3) 25000 Expanding to End Hunger Capital Campaign Cedar Rapids Economic Alliance 501 1st Street Southeast Cedar Rapids IA 52401 420172900 501(c)(6) 25000 Buy Local Programming Dental Connections Inc 1111 Ninth Street Suite 190 Des Moines IA 50314 420680421 501(c)(3) 25000 Smile Squad Mobile Dental Unit Cedar Rapids Community Schools Foundation 2500 Edgewood Road NW Cedar Rapids IA 52405 421197912 501(c)(3) 25000 Professional Development Grants Cedar Rapids Freedom Festival 609 1st Ave SW Suite 102 Cedar Rapids IA 52404 421329035 501(c)(3) 25000 Celebration of Freedom Fireworks Iowa Health Foundation dba Blank Children's Hospital 1415 Woodland Avenue Suite E200 Des Moine IA 50309 421467682 501(c)(3) 25000 Rally Against Cancer - John Stoddard Cancer Center Special Olympics Iowa 551 SE Dovetail Rd PO Box 620 Grimes IA 50111 520889518 501(c)(3) 25000 Special Olympics Statewide Partner University of Iowa Center for Advancement 1 West Park Road Iowa City IA 52240 420796760 501(c)(3) 30000 Carver Circle campaign - Iowa Wrestling training facility Iowa Children's Museum 1451 Coral Ridge Ave Suite 715 Coraville IA 52241 421461422 501(c)(3) 30000 Playing to Learn at The Iowa Children's Museum! West Des Moines Parks & Recreation 4200 Mills Civic Parkway West Des Moines IA 50265 426005359 30000 MidAmerican RecPlex Field Sponsor Summer of the Arts Inc 319 E 1st Street Iowa City IA 52240 421412706 501(c)(3) 31000 Iowa City Jazz Festival Iowa Coalition Against Domestic Violence 4725 Merle Hay Road 107 Des Moines IA 50322 421285094 501(c)(3) 45000 Survivors Achieving Financial Empowerment Program (SAFE) Hawkeye Sports Properties Learfield 1100 6th St Suite 102 Coralville IA 52241 470911648 60000 Kirks Kids University of Iowa Center for Advancement 1 West Park Road Iowa City IA 52240 420796760 501(c)(3) 75000 UI Stead Family Children's Hospital: Extenuating Circumstances Fund Iowa City Community School District Foundation 1725 N Dodge St Iowa City IA 52240 421177023 501(c)(3) 83333 School of the Wild GreenState Foundation 2355 Landon Rd North Liberty IA 52317 880616839 501(c)(3) 1600000 Various 137 18 Schedule I, Part I, Line 2 GREENSTATE CREDIT UNION ISSUES ALL GRANT FUNDS DIRECTLY TO THE RECIPIENT ORGANIZATION FOR USE AT THEIR DISCRETION. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Grant recipients apply for funding through the GreenState Credit Union website. Once grants are awarded, funds go directly to the recipient organization for use at their discretion. X X true true X X X X true false false Todd Fanning Interim CEO/CFO 454181 0 294217 0 4464 0 30000 0 6105 0 788967 0 0 0 Katherine Courtney Chief Operating Officer 464423 0 303125 0 1710 0 44235 0 0 0 813493 0 0 0 James Kelly Chief Marketing Officer 332205 0 190306 0 1242 0 23266 0 9019 0 556038 0 0 0 Samantha McSorley Chief Commerical Officer 334897 0 176320 0 1386 0 6231 0 0 0 518834 0 0 0 Ryan Doehrmann Chief Mortgage Officer 296744 0 161733 0 885 0 0 0 10463 0 469825 0 0 0 Scott Taylor Interim Chief Information Technology 277420 0 600 0 1242 0 30000 0 0 0 309262 0 0 0 Heather Stumpf Interim CFO 272991 0 250 0 1440 0 0 0 4429 0 279110 0 0 0 Amy Henderson Chief Consumer Service Officer (Left 09/2023) 230347 0 250 0 638431 0 38483 0 48135 0 955646 0 0 0 Jeffrey Disterhoft President & CEO (Left 09/2023) 591911 0 0 0 18497 0 52500 0 7854 0 670762 0 0 0 Marsha Wolff Chief HR & Information Officer (Left 09/2023) 381272 0 500 0 600623 0 33721 0 7646 0 1023762 0 0 0 Felisha Junge VP/Mortgage Loan Officer 107413 0 439133 0 919 0 0 0 8705 0 556170 0 0 0 Daryn Peterson VP/Mortgage Lending 52000 0 954108 0 927 0 22500 0 0 0 1029535 0 0 0 Eric Norman VP/Mortgage Lending 96154 0 574195 0 1099 0 30000 0 0 0 701448 0 0 0 Peter Johnson VP/Mortgage Loan Officer 41537 0 401621 0 927 0 22500 0 10463 0 477048 0 0 0 Tyler Knudsvig Commercial Services Loan Officer VP 123503 0 169067 0 144018 0 22500 0 3919 0 463007 0 0 0 Schedule J, Part I, Line 1a Travel for companions The board of directors policy along with the contract for the President/CEO allow spouses to travel on business trips. Any expense related to travel companions is treated as taxable income and included in reportable compensation in Part VII and Schedule J. Schedule J, Part I, Line 1a Health or social club dues or initiation fees In tax year 2023, GreenState Credit Union provided social club dues to Jeffrey A Disterhoft. The amount is included in reportable compensation in Part VII and Schedule J. Schedule J, Part I, Line 3 GreenState CU made severance payments to the following individuals who left in September 2023: Marsha Wolff - $600,000 Amy Henderson - $590,558 Jeffrey Disterhoft Retired CEO Split Dollar Life Insurance Policy X 14643612 17582520 false true true 17582520 Form 990, Part VI, Line 6 Classes of members or stockholders GreenState Credit Union does have members as specified by their bylaws. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The members of the board of directors are elected by the membership. Members may vote electronically or in person at a branch prior to the annual meeting. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders There are five situations for state-chartered credit unions in Iowa to which membership vote is required for approval: * Charter conversion * Voluntary Dissolution * Amending or Reversing an act of the board of directors * Mergers * Removal or reinstatement of an officer, director or member of the auditing committee Form 990, Part VI, Line 11b Review of form 990 by governing body The organization's governing body is provided an electronic copy of the form 990 prior to filing. The form 990 will be reviewed by the Organization's CFO and Controller. Form 990, Part VI, Line 12c Conflict of interest policy A director shall promptly disclose to the board any known interest, relationship or responsibility (financial, professional or otherwise) held by the Director, any member of his or her immediate family or any of his or her business associates with respect to any potential or actual transaction, agreement or other matter which is or may be presented to the board for consideration, even if such interest, relationship or responsibility has otherwise been generally been disclosed to the board. In addition, directors must disclose information regarding their financial interests in organizations doing business with the Credit Union. The conflict-of-interest statement is required to be completed annually. For any potential conflict, the board with the abstention of the interested director, may decide whether such director may participate in any reporting, discussion or vote on the issue that gave rise to the potential conflict. The board shall withhold any information on such issues from the board materials distributed to the applicable director and take all such other action necessary to the applicable director and take all such other action necessary to effectuate this policy. If a majority of the directors who have no direct or indirect interest in the transaction vote to authorize, approve or ratify the transaction, a quorum is present for the purpose of taking such action. Any director with such an interest, relationship or responsibility which conflicts or potentially conflicts with the interest of the credit union, shall recuse himself or herself from any reporting, discussions and vote on the issue that gave rise to the conflict and, if necessary, from the board meeting or applicable part thereof. Form 990, Part VI, Line 15a Process to establish compensation of top management official The compensation committee is appointed by GreenState Credit Union's (GSCU) board of directors (the "board") to discharge the board's responsibilities relating to compensation of the credit union's executive staff. The committee has overall responsibility for approving and evaluating the President/CEO compensation, benefit and perquisite plans, policies and programs of the credit union. The compensation committee is also responsible for producing an annual report on executive compensation for review by the entire board. The compensation committee shall consist of three to four members of the board. The board will designate one member of the compensation committee as its chairperson. The compensation committee shall have the authority to retain and terminate any compensation consultant assisting in the compensation evaluation of the President/CEO and shall have authority to approve the consultant's fees and other retention terms. The compensation committee shall also have authority to obtain advice and assistance from internal or external legal, accounting or other advisors. Top management team members' compensation levels are determined by the CEO using the same methodology used by other supervisors at the credit union - to ensure that employee reviews are properly conducted in a timely manner, and pay rates are properly authorized by the appropriate management. Procedures for determining hourly pay are reviewed and determined by the human resource executive. A salary administration plan and job position scoring system is used by the credit union. Supervisors review and update job descriptions every two years or more frequently as job responsibilities change or new positions are created. Positions are scored and annually updated to reflect the labor market both geographically and industry wide to ensure ranges are internally consistent, externally competitive and responsive to changes in economic conditions. The salary scale for each position has a minimum, midpoint, and maximum salary. The Credit Unions base salary levels are targeted at or above market levels, so they can best attract and retain the highest quality employees. The credit union adjusts its salary scale yearly for each position so that the midpoint of each range, when combined with incentive opportunities, approximates 75% compensation for the position. The process takes place annually and was last performed in January, 2023. Form 990, Part VI, Line 15b Process to establish compensation of other employees The following positions are reviewed by the board appointed compensation committee: President/CEO Top Management positions reviewed by the CEO include: Chief Financial Officer Chief Operating Officer Chief Marketing Officer Chief Commercial Officer Chief Mortgage Officer Chief Information Technology Officer Chief Legal Officer Corporate Oversight/Compliance & Risk Form 990, Part VI, Line 19 Required documents available to the public The organization's governing documents, conflict of interest policy, and financial statements are made available to the public on the organization's website (www.greenstate.org). Form 990, Part VIII, Line 11d Other Miscellaneous Revenue - Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CECL ADJUSTMENT (ASC 326) - -41101413; FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. GreenState Financial LLC 2355 Landon Rd North Liberty IA 52317 274335678 CUSO Activity IA 5376297 42339407 GreenState Credit Union GreenState Insurance Services LLC 2355 Landon Rd North Liberty IA 52317 463811338 Insurance Services IA 1668826 9170863 GreenState Financial GreenState Trust Services 2355 Landon Rd North Liberty IA 52317 843860120 Trust Services IA 129994 496458 GreenState Financial GreenState Loan Servicing 2355 Landon Rd North Liberty IA 52317 881134445 Loan Originations IA 3556407 173014600 GreenState Financial