2023-11-07T07:53:02-07:00 2022-12-31 990 2022-01-01 237131460 UNITED TRANSPORTATION UNION INSURANCE ASSOCIATION UNIT 2162275293 6060 Rockside Woods Blvd N Ste 220 Independence OH 44131 Jeffery Becker Secretary/Treasurer 2162275293 2023-11-07 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z Jeffery A Becker 6060 Rockside Woods Blvd N Suite 220 Independence OH 44131 17683785 0 X utuia.org X Not for Profit 1970 OH Fraternal benefit society serving our members with various insurance products and fraternal benefits. 24 24 20 9 0 0 0 0 10003176 8683154 9579704 8887945 605093 112686 20187973 17683785 332111 274417 10871911 10111739 4211628 3856165 0 0 0 2461987 1896194 17877637 16138515 2310336 1545270 229446528 221437957 162540358 154333197 66906170 67104760 PROVIDE LIFE, ACCIDENTAL DEATH AND DISABILITY AND ANNUITY POLICIES TO MEMBERS OF THE UNITED TRANSPORTATION UNION INSURANCE ASSOCIATION AND WORKERS IN THE TRANSPORTATION INDUSTRIES. 0 0 16138515 270000 17683785 PROVIDE LIFE, ACCIDENTAL DEATH AND DISABILITY AND ANNUITY PRODUCTS TO MEMBERS OF THE UNITED TRANSPORTATION UNION INSURANCE ASSOCIATION AND WORKERS IN THE TRANSPORTATION INDUSTRY 0 0 0 16138515 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 95 0 1 20 1 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X Jeffery Becker 2162275293 6060 Rockside Woods Blvd N Suite 220 Independence OH 44131 Kenneth Laugel President 40 0 X 288253 0 34590 Jeffery Becker Secretary/Treasurer 40 0 X 204080 0 24490 Ronald Steiger IT Director 40 0 X 139047 0 16686 David Liddle Regional Insurance Manager 40 0 X 138817 0 10975 Richard Kusnic Director 1.5 0 X 53500 0 0 Nicholas DiCicco Jr Director 1 0 X 48000 0 0 Stephen J Vamos III Director 1.5 0 X 47000 0 0 Patrick Sullivan Director 1 0 X 40000 0 0 Doyle Turner Director 1 0 X 30000 0 0 Troy Johnson Director 1 0 X 12240 0 0 Jeremy Ferguson Chairman of the Board 4 0 X 0 0 0 Gregory Hynes Director 1 0 X 0 0 0 1000937 0 86741 4 0 1 0 United Healthcare PO Box 416982 Boston MA 02241 Employee medical insurance 978313 RGA Reinsurance Company PO Box 502192 St Louis MO 631502192 Reinsurance 201343 Optimum Re Insurance Co PO Box 660010 Dallas TX 75266 Reinsurer 173611 Wellington Management PO Box 412416 Boston MA 02241 INVESTMENT SERVICES 158653 Travelers PO Box 660317 Dallas TX 75266 Corporate Insurance Services 103948 6 0 8683154 8683154 8683154 8014945 8014945 0 0 873000 873000 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 112686 112686 0 0 112686 17683785 17683785 0 0 0 0 274417 274417 0 0 10111739 10111739 782153 782153 1639982 1639982 0 0 198907 198907 1111139 1111139 123984 123984 0 0 53225 53225 97305 97305 0 0 362664 362664 286525 286525 77995 77995 137185 137185 251905 251905 0 0 130347 130347 206461 206461 0 0 124740 124740 0 0 0 0 27817 27817 108776 108776 Miscellaneous Expense 1697 1697 0 0 Charitable Donations 9100 9100 0 0 Filing Fees 20452 20452 0 0 0 0 16138515 16138515 0 0 339798 47474 1956882 1131183 0 0 95258 132710 0 0 0 0 0 0 0 0 0 0 49964 42555 24982 7409 221752111 214078604 0 0 0 0 0 0 5277497 6040577 229446528 221437957 2421708 2264994 0 0 0 0 0 0 0 0 0 0 0 0 0 0 160118650 152068203 162540358 154333197 X 0 0 0 0 66906170 67104760 66906170 67104760 229446528 221437957 X 1545270 131692 0 0 0 -1478372 X 1 X 1 X 1 0 0 0 0 0 0 0 0 0 0 0 0 0 49964 42555 7409 0 0 0 0 7409 Certificate Reserves 149419966 Interest Maintenance Reserve 1988107 Asset Valuation Reserve 660130 152068203 17321121 0 0 0 0 0 17321121 362664 0 362664 17683785 15775851 0 0 0 0 0 15775851 362664 0 362664 16138515 1 See Schedule I, Part IV, Statement 1 135 2000 0 Book value Not applicable Schedule I, Part I, Line 2 Schedule I, Part I, Line 2 - Scholarships of $2,000 are made payable to the educational institution on behalf of each recipient (student). There were 135 scholarship payments distributed in year 2022. X X 0 0 0 Kenneth Laugel President 288253 0 0 0 0 0 34590 0 0 0 322843 0 0 0 Jeffery Becker Secretary/Treasurer 204080 0 0 0 0 0 24490 0 0 0 228570 0 0 0 Ronald Steiger IT Director 139047 0 0 0 0 0 16686 0 0 0 155733 0 0 0 David Liddle Regional Insurance Manager 138817 0 0 0 0 0 10975 0 0 0 149792 0 0 0 Richard Kusnic Director 53500 0 0 0 0 0 0 0 0 0 53500 0 0 0 Nicholas DiCicco Jr Director 48000 0 0 0 0 0 0 0 0 0 48000 0 0 0 Stephen J Vamos III Director 47000 0 0 0 0 0 0 0 0 0 47000 0 0 0 Patrick Sullivan Director 40000 0 0 0 0 0 0 0 0 0 40000 0 0 0 Doyle Turner Director 30000 0 0 0 0 0 0 0 0 0 30000 0 0 0 Troy Johnson Director 12240 0 0 0 0 0 0 0 0 0 12240 0 0 0 Jeremy Ferguson Chairman of the Board 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Gregory Hynes Director 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Schedule J, Part I, Line 3 The President (CEO) and Secretary/Treasurer salary is reviewed by the Compensation Committee and approved by the Board of Directors. Form 990, Part VI, Section A, Line 6 The UTUIA has approximately 35,959 policyholders who are members of the UTUIA Fraternal Benefit Society. Form 990, Part VI, Section A, Line 7a The members (policyholders) of the UTUIA elect delegates to the Grand Convention (held every four years) who then elect the Board of Directors who is the governing body of the UTUIA. Form 990, Part VI, Section B, Line 11b The Form 990 is produced in the finance department under the direction of the Secretary and Treasurer. A final draft is then forwarded to the Chairperson of the Audit Committee and the President of the UTUIA for review and approval before the document is filed. Form 990, Part VI, Section B, Line 12c The Board members are required on an annual basis, to review conflict of interest policy and enter into the minutes their adherence and approval. Form 990, Part VI, Section B, Line 15 The Board of Directors established a Compensation Committee to research and establish guidelines for compensation based on "completion of goals" for the President and Secretary / Treasurer. The Compensation Committee also reviews and recommends Board of Director fees and retainers. Form 990, Part VI, Section C, Line 19 Policies are available upon written request through the Office of the President and copies are provided electronically or by mail. Form 990, Part XI, Line 9 The amount of ($1,478,372) is the change in net unrealized loss of ($5,030,188), plus the change in Asset Valuation Reserve of $3,711,757, plus the change in non-admitted assets of ($159,941) during year 2022. This filing is not late. The IRS approved Form 8868, Application for Extension, and the Notice Date is March 20, 2023.