2024-11-13T20:33:46-06:00 2023-12-31 382492570 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2023-01-01 440544335 MAZUMA CREDIT UNION MAZU 9135745000 7260 W 135TH STREET OVERLAND PARK KS 66223 JUSTIN MOUZOUKOS CFO 9135745221 2024-11-13 1 0 JOHN J MURNANE JR P03021572 3052328272 2024-11-13 2023 2024-10-15 13:58:12Z DEONNE CHRISTENSEN 7260 W 135TH STREET OVERLAND PARK KS 66223 65017796 0 1984 X WWW.MAZUMA.ORG X 1948 MO A NOT-FOR-PROFIT CREDIT UNION SERVING THE COMMUNITIES OF CASS, JACKSON AND CLAY COUNTIES IN MISSOURI AND JOHNSON AND WYANDOTTE COUNTIES IN KANSAS. 9 9 245 12 444969 0 0 0 52561577 57474537 2822725 5929311 0 1591671 55384302 64995519 168000 90000 0 0 20304957 20234513 0 0 0 28786082 42196923 49259039 62521436 6125263 2474083 928906481 973886503 833376093 876816868 95530388 97069635 MAKING KANSAS CITY A BETTER PLACE TO LIVE, WORK AND BANK BY PROVIDING LENDING, SAVINGS AND FINANCIAL SERVICES TO OUR MEMBERSHIP. 0 0 PROVIDING DEPOSIT SERVICES FOR 73,275 MEMBERS PROVIDING LOAN SERVICES FOR 33,584 MEMBERS PROVIDE CHECKING ACCOUNT AND TRANSACTION SERVICES AND ACCOUNT SERVICES FOR 42,183 MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 14981 0 1 245 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JUSTIN MOUZOUKOS 9135745221 7260 W 135 STREET OVERLAND PARK KS 66223 RUSS PETRY CHAIRPERSON 1.00 X 0 0 0 IKE NWABUONWU V. CHAIRPERSON 1.00 X 0 0 0 JOHN LATHROP BOD TREASURER 1.00 X 0 0 0 CARLA JOHNSON BOD SECRETARY 1.00 X 0 0 0 CLIFTON CARNEY BOD MEMBER 1.00 X 0 0 0 JEFF WESTMEYER BOD MEMBER 1.00 X 0 0 0 MATTHEW CATES BOD MEMBER 1.00 X 0 0 0 SHARON CLEAVER BOD MEMBER 1.00 X 0 0 0 TINA FRYMER BOD MEMBER 1.00 X 0 0 0 DEONNE CHRISTENSEN CEO 45.00 X 463283 0 35298 JUSTIN MOUZOUKOS CFO 45.00 X 311087 0 27915 DANIEL ENGELHARD CLO 45.00 X 376090 0 36211 BRAD REIN CIO 45.00 X 288018 0 33735 MICHELLE WOOD CHIEF CULTURE & DIVERSITY OFFICER 45.00 X 299482 0 37712 SEREPTHA J HELM CHIEF MEMBER OFFICER 45.00 X 263271 0 24587 SEAN VOTH VP CONSUMER LENDING 40.00 X 184625 0 18087 MARK THOMPSON VP GROWTH 40.00 X 168214 0 24687 MICHAEL SCHRECK VP RISK MANAGEMENT 40.00 X 167608 0 25212 CATHERINE SOLOMON VP BRANCH OPERATIONS 40.00 X 173190 0 13535 TIMOTHY J SCHEER VP RETAIL OPERATIONS 40.00 X 157895 0 24665 LAUREN CLEMENT VP MORTGAGE OPERATIONS 40.00 X 153865 0 6797 LAURA EBLEN VP OF MEMBER ENGAGEMENT AND GOVERNMENT AF 40.00 X 154586 0 17921 RENEE TAYLOR DIRECTOR OF MEMBER RELATIONSHIP CENTER 40.00 X 146640 0 6835 CAROLINE ENGLE VP OF MARKETING 40.00 X 138995 0 10883 3446849 0 344080 21 0 1 0 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 ONLINE BANKING 1046061 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 PAYMENT PROCESSING 930262 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CORE SYSTEM 781005 DIAMOND MERCKENS HOGAN INC 1505 GENESSEE SUITE 300 KANSAS CITY MO 64102 MARKETING 759850 SPORTING KANSAS CITY (AKA ONGOAL LLC) 300 WYANDOTTE ST SUITE 300 KANSAS CITY MO 64105 SPONSORSHIP 539224 32 INCOME ON LOANS 522100 41533333 41533333 SERVICE FEES/OTHER 522100 15496235 15496235 FINANCE & INSURANCE 520000 444969 444969 57474537 5934561 5934561 17027 22277 -5250 -5250 -5250 OTHER OPERATING INCOME 522100 1591671 1591671 1591671 64995519 64550550 444969 0 X 90000 2971847 13423345 606389 1954066 1278866 927930 175587 163218 470323 1848065 1660255 3379990 763539 24688 296470 13027428 143905 2150847 391055 PROVISION FOR LOAN LOSS 6854190 MISCELLANEOUS EXPENSES 2335927 LOSS ON TRUHOME SOLUTIO 2302408 DEBIT/CREDIT CARD EXPEN 2134568 3146530 62521436 6786488 5859643 36275636 83625376 14912032 13496551 3282657 8296415 697036600 705140756 643890 1055830 42313084 15503577 28037948 26809507 105552188 98370437 4580695 4138187 31798347 27093801 928906481 973886503 19675903 20160737 73700000 72200000 740000190 784456131 833376093 876816868 X 0 0 0 0 95530388 97069635 95530388 97069635 928906481 973886503 X 2474083 2720769 -3655605 X X 0 1 X 1 0 7402680 7402680 25068597 8112835 16955762 843475 516867 326608 8998332 6873875 2124457 26809507 SHARE DRAFTS 148393363 REGULAR SHARES 194912151 MONEY MARKET 191187145 IRA SHARES 39645369 CERTIFICATES 209723103 NON MEMBER DEPOSITS 595000 784456131 X 65674584 679065 679065 64995519 0 64995519 62521436 0 62521436 0 62521436 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. 1 BOYS & GIRLS CLUBS OF GREATER KANSAS CITY 4001 DR MARTIN LUTHER KING JR BLVD SUITE 102 KANSAS CITY MO 64130 436072065 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION COMMUNITY LINC 4012-14 TROOST AVE KANSAS CITY MO 64110 431506591 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION EXCEEDS EXPECTATIONS INC 31 W 31ST STREET KANSAS CITY MO 64108 473470573 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION HOPEKIDS KANSAS CITY CHAPTER PO BOX 11947 KANSAS CITY MO 64138 861042378 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION IVANHOE NEIGHBORHOOD COUNCIL 3700 WOODLAND AVENUE KANSAS CITY MO 64109 431843831 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION KANSAS CITY COMMUNITY GARDENS INC 6917 KENSINGTON AVENUE KANSAS CITY MO 64132 431356677 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION LITERACY KANSAS CITY 3036 TROOST AVENUE KANSAS CITY MO 64109 431435729 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION RESTART INC 918 E 9TH STREET KANSAS CITY MO 64106 431349378 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION YMCA OF GREATER KANSAS CITY 3100 BORADWAY SUITE 1020 KANSAS CITY MO 64111 440546002 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION 9 0 PART I, LINE 2: THESE CONTRIBUTIONS ARE CHARITABLE IN NATURE, NOT GRANTS. THEREFORE, THERE IS NO MONITORING SUBSEQUENT TO DISBURSEMENT. X 1 1 X X X X X 1 1 0 DEONNE CHRISTENSEN CEO 386289 0 67894 0 9100 0 9186 0 26112 0 498581 0 0 0 DANIEL ENGELHARD CLO 237418 0 138442 0 230 0 10099 0 26112 0 412301 0 0 0 JUSTIN MOUZOUKOS CFO 237757 0 73170 0 160 0 9181 0 18734 0 339002 0 0 0 MICHELLE WOOD CHIEF CULTURE & DIVERSITY OFFICER 231700 0 67712 0 70 0 11600 0 26112 0 337194 0 0 0 BRAD REIN CIO 218172 0 69776 0 70 0 8198 0 25537 0 321753 0 0 0 SEREPTHA J HELM CHIEF MEMBER OFFICER 198945 0 64326 0 0 0 8559 0 16028 0 287858 0 0 0 SEAN VOTH VP CONSUMER LENDING 149211 0 35334 0 80 0 6317 0 11770 0 202712 0 0 0 MARK THOMPSON VP GROWTH 132968 0 35146 0 100 0 7154 0 17533 0 192901 0 0 0 MICHAEL SCHRECK VP RISK MANAGEMENT 132098 0 35410 0 100 0 7335 0 17877 0 192820 0 0 0 CATHERINE SOLOMON VP BRANCH OPERATIONS 142361 0 30559 0 270 0 7028 0 6507 0 186725 0 0 0 TIMOTHY J SCHEER VP RETAIL OPERATIONS 124503 0 33072 0 320 0 6777 0 17888 0 182560 0 0 0 LAURA EBLEN VP OF MEMBER ENGAGEMENT AND GOVERNME 123320 0 31156 0 110 0 6554 0 11367 0 172507 0 0 0 LAUREN CLEMENT VP MORTGAGE OPERATIONS 108403 0 45382 0 80 0 6148 0 649 0 160662 0 0 0 RENEE TAYLOR DIRECTOR OF MEMBER RELATIONSHIP CENT 117623 0 29017 0 0 0 5904 0 931 0 153475 0 0 0 PART I, LINES 4A-B SEREPTHA HELM: $53,054 THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO CERTAIN EXECUTIVES (DEONNE CHRISTENSEN, CEO, JUSTIN MOUZOUKOS, CFO AND MICHELLE WOOD, CHIEF CULTURE & DIVERSITY OFFICER) THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS ASSIGNED SPLIT DOLLAR." SEE SCHEDULE L. IKE NWABUONWU BOARD MEMBER LINE OF CREDIT TO ALLOW FOR CREDIT CAPACITY FOR FUTURE PROJECTS X 2130010 1894288 0 1 1 BRANDON MICHAELS FORMER CEO TO FUND SPLIT DOLLAR LIFE INSURANCE X 3000000 3237213 0 1 1 JUSTIN MOUZKOUS CFO TO FUND SPLIT DOLLAR LIFE INSURANCE X 1000000 1020940 0 1 1 MICHELLE WOOD CHIEF CULTURE OFFICER TO FUND SPLIT DOLLAR LIFE INSURANCE X 600000 612564 0 1 1 DEONNE CHRISTENSEN CEO TO FUND SPLIT DOLLAR LIFE INSURANCE X 1500000 1531410 0 1 1 8296415 FORM 990, SCH L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO CERTAIN EXECUTIVES (DEONNE CHRISTENSEN, CEO, JUSTIN MOUZOUKOS, CFO AND MICHELLE WOOD, CHIEF CULTURE & DIVERSITY OFFICER) THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." ALTHOUGH THE IRS REQUIRES REPORTING IN PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANT NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANT MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. FORM 990, PART VI, SECTION A, LINE 6 EVERY INDIVIDUAL THAT HAS DEPOSIT OF 1.00 IN THE CREDIT UNION HAS OWNERSHIP OF ONE VOTING SHARE OF THE ORGANIZATION AND ONE VOTE ON THE ELECTION OF BOARD MEMBERS. NO MEMBER HAS MORE THAN ONE VOTING SHARE, REGARDLESS OF THE TOTAL AMOUNT OF DEPOSITS IN THAT MEMBER'S ACCOUNT. WE HAVE APPROXIMATELY 73,275 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION IS RUN BY A BOARD OF DIRECTORS MADE UP OF ORGANIZATION MEMBERS THAT WERE VOTED IN BY OTHER MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE CFO PROVIDES INPUT INTO THE PREPARATION OF THE 990 AND 990T AND REVIEWS THE RETURNS PRIOR TO FILING. THE CEO ALSO REVIEWS THE 990 AND 990T RETURNS PRIOR TO FILING. THEN, THE CEO REPORTS THE FILING OF THE 990 AND 990T TO THE BOARD AND MAKES THE RETURNS AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE OBTAINED EACH YEAR FROM MANAGEMENT, THE BOARD OF DIRECTORS, AND THE SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 CONSULTANTS WERE HIRED TO ASSIST IN DETERMINING THE CEO'S AND KEY EMPLOYEES' SALARIES. ALL EMPLOYEES ARE REVIEWED ON A BI-ANNUAL BASIS WITH CONSULTANT AND INDUSTRY DATA, WHICH ARE LATER REVIEW BY AN INTERNAL COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN BRANCH LOBBIES. POLICIES ARE AVAILABLE BASED UPON REQUEST AND FOLLOWING SPECIFIED PROCEDURES. FORM 990, PART IX, LINE 11G PROFESSIONAL & OUTSIDE SERVICES 470,323. FORM 990, PART IX, LINE 24E MAINTENANCE AND REPAIRS 1,465,368. CHECK/CORP/BANK FEES/CHARGES 546,358. ATM FEES/CHARGES 529,625. LOAN SERVICING 482,986. TRAINING 62,881. SHARED BRANCHING 44,251. OREO SOLD MORTGAGE 13,776. PROVISION FOR INCOME TAX 1,285. FORM 990, PART XI, LINE 9: ACCUMULATED UNREALIZED NET GAINS/(LOSSES) ON INTEREST RATE CASH FLOW HEDGES -453,370. CUMULATIVE EFFECT FROM CHANGE IN ACCOUNTING PRINCIPLE -3,202,235. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. CU HOLDING CO LLC 16011 COLLEGE BLVD SUITE 208 LENEXA KS 66219 870695887 HOLDING COMPANY MO -2295603 6337959 MAZUMA CREDIT UNION