2024-11-13T09:42:38-08:00 2023-12-31 841411876 SMITH POWELL & COMPANY LLC 9980 S 300 W STE 200 SANDY UT 84070 990 2023-01-01 520238203 DESTINATIONS CREDIT UNION DEST 4106632500 8767 SATYR HILL ROAD BALTIMORE MD 21234 BRIAN VITTEK President & CEO 2024-11-13 true true BRANDON R ZRNO P00514088 8012857412 2023 2024-10-15 13:58:12Z BRIAN VITTEK 8767 SATYR HILL ROAD BALTIMORE MD 21234 3397067 false X WWW.ESTINATIONSCU.ORG X 1935 MD STATE CHARTERED CREDIT UNION 9 9 21 2826 0 2849081 2956939 326576 440128 0 3175657 3397067 0 0 1438425 1469486 0 0 1784033 1990521 3222458 3460007 -46801 -62940 67163860 64767949 476003 403612 66687857 64364337 THE CREDIT UNION PROMOTES THRIFT AND PROVIDES A SOURCE OF LOW-COST CREDIT FOR INDIVIDUAL MEMBERS. false false DESTINATIONS CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS 6,156 MEMBERS. false false false false false false false false false true false false false false false true false false false false false false false false false false false false true false true false false false false false false false false false false false false true 1827 0 true 21 true true true false false false false false false false X 9 9 false false true false true true false true true false true true false true true true true true true false false X BRIAN J VITTEK 4106632500 8767 SATYR HILL ROAD BALTIMORE MD 21234 BRIAN VITTEK President & CEO 40.00 0.00 X 167495 0 38488 WALTER SCIOLLI CSO 40.00 0.00 X 116569 0 1001 CHRISTINA KAILER CFO 40.00 0.00 X 96056 0 3806 JOAN MONTGOMERY Secretary 2.00 0.00 X 1012 0 0 WILLIAM LOVELACE Director 2.00 0.00 X 738 0 0 JOHN SMOLENSKI Director 2.00 0.00 X 639 0 0 GEORGE HAMILTON JR VICE CHAIRMAN 2.00 0.00 X 527 0 0 SHERWOOD RAMSEY Director 2.00 0.00 X 456 0 0 JOHN DAVIDSON Treasurer 2.00 0.00 X 429 0 0 REID KREIDER Chairman 2.00 0.00 X 400 0 0 LORENZ BIRKENBACH Director 2.00 0.00 X 315 0 0 MICHELLE MACER Director 2.00 0.00 X 300 0 0 384936 43295 2 false true false CU ANSWERS 6000 28TH STREET SE 100 GRAND RAPIDS MI 49546 CARD SERVICES 176622 FIS 347 RIVERSIDE AVENUE JACKSONVILLE FL 32202 PAYMENT PROCESSING 231794 2 0 ATM SERVICES 525990 201207 198381 2826 FEES INCOME 525990 711312 711312 INSURANCE SALES 524298 280301 280301 INTEREST ON LOANS 522100 1764119 1764119 2956939 440128 440128 0 0 0 0 0 0 0 0 3397067 2954113 2826 440128 0 0 0 0 428231 0 823116 24382 96316 97441 0 0 111504 0 0 0 0 72072 133559 550299 0 92698 0 0 4662 364100 0 132772 32389 LOAN PROGRAM SERVICING 300006 MISCELLANEOUS 198122 BANK SERVICES 13008 PROVISION FOR LOAN LOSS -14670 0 3460007 0 0 0 2407976 3454708 4017513 0 0 2732915 2694511 0 29800753 28659507 0 131775 4267335 1912884 2458252 2354451 28439820 20614379 0 0 0 1324144 2841105 67163860 64767949 476003 403612 476003 403612 X 60203928 57353082 6483929 7011255 66687857 64364337 67163860 64767949 X -62940 745246 -3005826 X X false true X true false 1310061 1310061 2493071 1498652 994419 464203 414232 49971 2354451 3397067 3397067 3397067 3460007 3460007 3460007 X X X X false false false BRIAN VITTEK President & CEO 167495 7498 30990 205983 BRIAN VITTEK PRESIDENT MTG,CC X 340900 327569 false true true BRIAN VITTEK PRESIDENT SPLIT DOLLA X 1500000 1510080 false true true WALTER SCIOLLI CSO MTG,HELOC X 824698 756851 false true true LORENZ BIRKENBACH DIRECTOR AUTO,CC X 45488 22789 false true true WILLIAM LOVELACE DIRECTOR MTG,AUTO,CC X 153980 63881 false true true REID KRIEDER DIRECTOR AUTO,CC X 45997 12966 false true true SHERWOOD RAMSEY DIRECTOR CREDIT CARD X 8000 72 false true true JOHN SMOLENSKI DIRECTOR CREDIT CARD X 15000 303 false true true 2694511 Form 990, Part VI, Section A, Line 4 THE NUMBER OF REQUIRED DIRECTORS WAS DECREASED FROM 9 TO 12, TO 5 TO 9. THE FREQUENCY AT WHICH THE SUPERVISORY COMMITTEE MEETS WAS MADE MORE VAGUE,ELIMINATING THE SPECIFIC DAY OF THE WEEK ON WHICH THEY MEET, AS WELL STATING THAT THE MEETINGS WOULD OCCUR AT AT MINIMUM QUARTERLY, VS JUST QUARTERLY. (THEY NOW MEET AT LEAST 6 TIMES PER YEAR). LANGUAGE WAS UPDATED REGARDING VIRTUAL MEETINGS OF THE BOARD AND ANNUAL MEETING TO MATCH NCUA'S STANDARD VERBIAGE FOR EMERGENCY EXCEPTIONS TO IN-PERSON QUORUM REQUIREMENTS. Form 990, Part VI, Section A, Line 6 THE CREDIT UNION HAS 6,156 MEMBERS. Form 990, Part VI, Section B, Line 11b THE CEO AND CFO REVIEW FORM 990 PRIOR TO FILING. THE BOARD OF DIRECTORS REVIEWS FORM 990 AT THE NEXT REGULARLY SCHEDULED MEETING. Form 990, Part VI, Section B, Line 12c THE CREDIT UNION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH REQUIRED DISCLOSURE IF AND WHEN A CONFLICT ARISES. Form 990, Part VI, Section B, Line 15a THE CREDIT UNION CONTRACTED WITH HR PERFORMANCE SOLUTIONS TO UTILIZE THEIR COMPEASE SALARY PROGRAM. COMPEASE MATCHES INDUSTRY-SPECIFIC SALARY DATA WITH THE CREDIT UNION'S GEOGRAPHIC AREA. THE EXECUTIVE COMPENSATION COMMITTEE REVIEWS THIS DATA, THEN MAKES RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR APPROVAL. Form 990, Part VI, Section C, Line 19 THE CREDIT UNION PROVIDES ITS BY-LAWS TO MEMBERS UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE EMPLOYEE MANUAL AND THE DIRECTOR EMPLOYEE POLICY MANUAL. IT IS NOT AVAILABLE TO THE PUBLIC.THE CREDIT UNION POSTS UNAUDITED MONTHLY FINANCIAL STATEMENTS ON A FORM PRESCRIBED BY THE NATIONAL CREDIT UNION ADMINISTRATION IN THE LOBBY, AND IT PROVIDES THE ANNUAL REPORT WITH AUDITED FINANCIAL STATEMENST TO MEMBERS UPON REQUEST. FORM 5300 IS POSTED ON THE NCUA WEBSITE. Form 990, Part XI, Line 9 ADOPTION OF ASC 326 - CECL = -$154980 Form 990, Part XI, Line 9 NET DECREASE IN SHARES = -$2850846 FORM 990, PART XI, FINANCIAL STATEMENTS AND REPORTING THE SUPERVISORY COMMITTEE IS RESPONSIBLE FOR SELECTION AND OVERSIGHT OF THE INDEPENDENT ACCOUNTANTS.