2022-07-20T14:10:52-05:00 2021-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 660616454 990 2021-01-01 430739854 VANTAGE CREDIT UNION VANT 3142980055 19 RESEARCH PARK COURT ST CHARLES MO 633045616 DOUGLAS E RUCKMAN CHIEF FINANCIAL OFFICER 3142980055 2022-07-20 1 DOUGLAS RUCKMAN 999009999 GERALD TENBRINK P00638199 9138946214 2022-07-07 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ERIC V ACREE 19 RESEARCH PARK COURT ST CHARLES MO 633045616 83773648 0 X WWW.VCU.COM X 1957 MO ENHANCING YOUR LIFE, STRENGTHENING OUR COMMUNITY 7 7 346 11 3572272 0 0 196984 41971069 47875648 7640398 4016627 136816 137393 49748283 52226652 10000 10000 0 0 23644518 26773293 0 0 0 26061431 26082201 49715949 52865494 32334 -638842 1011766016 1110070441 947831340 1038938225 63934676 71132216 ENHANCING YOUR LIFE, STRENGTHENING OUR COMMUNITY 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 72,199 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 108,883 LOANS OUTSTANDING TOTALING $660,540,421. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $2,803,188 FOR THE YEAR. 0 1 1 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 16623 0 1 346 1 1 1 0 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 0 0 0 X DOUGLAS E RUCKMAN 3142980055 19 RESEARCH PARK COURT ST CHARLES MO 633045616 DR JERRY EICHHOLZ CHAIRMAN 1.00 X 0 0 0 DAN DOLAN VICE CHAIRMAN 1.00 X 7305 0 0 MARK RUDOLPH SECRETARY/TREASURER 1.00 X 0 0 0 DR WILLIAM SOLOMON DIRECTOR 1.00 X 0 0 0 TONI MARTIN DIRECTOR 1.00 X 0 0 0 DR BARBARA EVANS-CUNNINGHAM DIRECTOR 1.00 X 768 0 0 DANIEL ISOM DIRECTOR 1.00 X 0 0 0 ERIC V ACREE PRESIDENT & CEO 40.00 X 583570 0 85345 DOUGLAS RUCKMAN CHIEF FINANCIAL OFFICER 40.00 X 249467 0 51823 JOHN M HOPKINS CHIEF RISK OFFICER 40.00 X 209858 0 55224 KATHLEEN J PALMER CHIEF MEMBER EXPERIENCE OFFICER 40.00 X 226773 0 47693 MICHAEL R GATRELL PRESIDENT, CUSO OPERATIONS 40.00 X 282559 0 48160 DANIEL P JONES CHIEF INFORMATION OFFICER 40.00 X 161603 0 17981 JAMES M COCHRAN VICE PRESIDENT, RETAIL EXPERIENCE 40.00 X 138978 0 25205 MATTHEW KENNON SENIOR MORTGAGE LOAN OFFICER 40.00 X 173503 0 17776 MOHAMED SAMI DIRECTOR, DEVELOPMENT 40.00 X 119778 0 43928 CHRISTOPHER W SMITH MANAGER, MORTGAGE SALES & BUS. DEVELOPMENT 40.00 X 328377 0 34045 AMANDA BARCLIFF FINANCIAL CONSULTANT 40.00 X 165076 0 23382 2647615 0 450562 17 0 1 0 FEDERAL CONSTRUCTION 2500 N AIRPORT COMMERCE AVE SPRINGFIELD MO 658039565 CONSTRUCTION SERVICES-REMODELING 1055987 ALLIED SOLUTIONS LLC 350 VETERANS WAY STE 200 CARMEL IN 460323321 INSURANCE, NOTARY BONDS 826201 NCR CORPORATION 14181 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 ATM/PTM GOODS & SERVICES 775577 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CORE PROCESSOR 731026 SHI INTERNATIONAL CORP PO BOX 95121 DALLAS TX 75395 COMPUTER TECHNOLOGY 649733 29 196984 196984 INTEREST ON LOANS 522100 26972777 26972777 FEES & OTHER INCOME 522100 20373930 17330599 3043331 OTHER INSURANCE & WARRANTIES 524298 528941 528941 47875648 2327973 2327973 137393 137393 33167966 67684 31508355 38641 1659611 29043 1688654 1688654 52226652 48457396 3572272 0 10000 2028129 14388695 6161948 3126965 1067556 300021 172741 1278711 770564 2933369 3412612 2794151 96150 97914 607 3458358 408450 LOAN SERVICING 6120297 MEMBER DIVIDENDS 2803188 PROVISION FOR LOAN LOSS 859676 OTHER LOSSES/CHARGE-OFF 165604 409788 52865494 28686700 23331333 83713002 176222187 611020490 657502910 3288785 3423414 77511001 32756810 46053427 44754191 220559723 182466449 18443889 22369957 1011766016 1110070441 14051347 15287519 964525 794599 932815468 1022856107 947831340 1038938225 X 0 0 0 0 63934676 71132216 63934676 71132216 1011766016 1110070441 X -638842 -3571110 11407492 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000 1000 1000 1 CUPAC OF MISSOURI 223 MADISON STREET JEFFERSON CITY MO 65101 431310069 1000 PART I-A, LINE 1: CONTRIBUTION TO A CREDIT UNION PAC 0 1 X 13564729 13564729 37454866 14130028 23324838 2963287 2280788 682499 23314472 16154483 7159989 213647 191511 22136 44754191 TECHATCHERY, LLC 100000 C AFS-US TREASURY NOTES 14760625 F AFS-FEDERAL AGENCY SEC. 26768504 F HTM-MORTGAGE BACKED SEC. 61371180 C AFS-MORTGAGE BACKED SEC. 69670566 F AFS-COLL. MORTGAGE OBLIG. 8581474 F FHLB STOCK 1214100 C 182466449 MEMBER SHARE DEPOSITS 1013712598 DEFINED BENEFIT PENSION PLAN LIABILITY 9143509 1022856107 X 52226652 171 171 52226481 171 171 52226652 52868310 2987 2987 52865323 171 171 52865494 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS FOR INSURANCE AND PROPERTY TAXES RELATED TO MEMBER REAL ESTATE LOANS. IN ADDITION, IN COORDINATION WITH GREENPATH FINANCIAL WELLNESS, THE CREDIT UNION PROVIDES MEMBERS WITH FREE FINANCIAL EDUCATION AND COUNSELING ON THE WEBSITE. PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501 OF THE INTERNAL REVENUE CODE (IRC) OF 1954; HOWEVER, THE CREDIT UNION'S UNRELATED BUSINESS INCOME AND SUBSIDIARIES ARE SUBJECT TO FEDERAL INCOME TAXES. THERE WERE NO SIGNIFICANT INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2021. ACCOUNTING PRINCIPLES PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CREDIT UNION HAD NO UNRECOGNIZED TAX POSITIONS ON DECEMBER 31, 2021 AND 2020. IT IS THE CREDIT UNION'S POLICY TO RECORD ANY PENALTIES OR INTEREST ARISING FROM FEDERAL OR STATE TAXES AS A COMPONENT OF NONINTEREST EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: TECHATCHERY, LLC - TOTAL INCOME 171. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY INTEREST INCOME 171. PART XII, LINE 2D - OTHER ADJUSTMENTS: TECHATCHERY, LLC - TOTAL EXPENSES 2,987. PART XII, LINE 4B - OTHER ADJUSTMENTS: INERCOMPANY DIVIDEND EXPENSE 171. 1 $1,000 NON-RENEWABLE SCHOLARSHIPS WERE AWARDED TO TEN VCU MEMBERS GRADUATING FROM HIGH SCHOOL 10 10000 PART I, LINE 2: THE "QUEST FOR EDUCATION" SCHOLARSHIP PROGRAM AWARDS $1,000 NON-RENEWABLE SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS. TO BE ELIGIBLE, ENTRANTS MUST BE A VANTAGE PRIMARY ACCOUNT HOLDER AND SUBMIT A COMPLETED APPLICATION. APPLICATIONS ARE JUDGED BY A COMMITTEE OF LOCAL EDUCATORS, VANTAGE BOARD AND SUPERVISORY COMMITTEE MEMBERS AND SELECT EMPLOYEES. FUNDS ARE DISTRIBUTED DIRECTLY TO THE RECIPIENTS' CHOSEN ACCREDITED COLLEGE OR UNIVERSITY AT THE TIME OF FALL REGISTRATION AND CAN BE USED FOR BOOKS AND TUITION. X 1 0 X X X X 1 0 0 ERIC V ACREE PRESIDENT & CEO 478659 0 104911 0 0 0 51630 0 33715 0 668915 0 0 0 CHRISTOPHER W SMITH MANAGER, MORTGAGE SALES & BUS. DEVEL 35815 0 292562 0 0 0 9740 0 24305 0 362422 0 0 0 MICHAEL R GATRELL PRESIDENT, CUSO OPERATIONS 221275 0 61284 0 0 0 23926 0 24234 0 330719 0 0 0 DOUGLAS RUCKMAN CHIEF FINANCIAL OFFICER 248366 0 1101 0 0 0 27895 0 23928 0 301290 0 0 0 KATHLEEN J PALMER CHIEF MEMBER EXPERIENCE OFFICER 222541 0 4232 0 0 0 22618 0 25075 0 274466 0 0 0 JOHN M HOPKINS CHIEF RISK OFFICER 198977 0 10881 0 0 0 22743 0 32481 0 265082 0 0 0 MATTHEW KENNON SENIOR MORTGAGE LOAN OFFICER 53364 0 120139 0 0 0 8973 0 8803 0 191279 0 0 0 AMANDA BARCLIFF FINANCIAL CONSULTANT 6832 0 158244 0 0 0 2902 0 20480 0 188458 0 0 0 DANIEL P JONES CHIEF INFORMATION OFFICER 151603 0 10000 0 0 0 17960 0 21 0 179584 0 0 0 JAMES M COCHRAN VICE PRESIDENT, RETAIL EXPERIENCE 109463 0 0 0 29515 0 12658 0 12547 0 164183 0 0 0 MOHAMED SAMI DIRECTOR, DEVELOPMENT 118728 0 1050 0 0 0 13644 0 30284 0 163706 0 0 0 PART I, LINE 1A THE CREDIT UNION PROVIDED TRAVEL FOR COMPANIONS OF THE FOLLOWING BOARD MEMBERS: DAN DOLAN, VICE CHAIRMAN - $7,305 DR. WILLIAM SOLOMON, DIRECTOR - $394 DR. BARBARA EVANS-CUNNINGHAM - $768 PART I, LINE 3 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION WITH THE ASSISTANCE OF AN INDEPENDENT CONSULTANT AND PURSUANT TO A SIGNED EMPLOYMENT CONTRACT. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. PART I, LINE 4A JAMES COCHRAN, VP-RETAIL EXPERIENCE WAS TERMINATED ON 10/18/2021, AND RECEIVED SEVERANCE IN THE FORM OF REGULAR PAYROLL THROUGH 12/31/2021, TOTALING $26,515. 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 CERTAIN SIGNIFICANT CHANGES 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 11B CREDIT UNION MANAGEMENT PROVIDES AN OUTSIDE ACCOUNTING FIRM THE DATA NEEDED TO PREPARE THE FORM 990, AND SENIOR MANAGEMENT REVIEWS IT PRIOR TO FILING. 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 COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION WITH THE ASSISTANCE OF AN INDEPENDENT CONSULTANT AND PURSUANT TO 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. FORM 990, PART XI, LINE 9: MINIMUM PENSION LIABILITY ADJUSTMENT 11,407,492. MEMBERS RESOURCE LLC 19 RESEARCH PARK COURT ST CHARLES MO 633045616 274479158 CREDIT UNION SERVICE ORGANIZATION PROVIDING MORTGAGE AND INSURANCE SERVICES MO 4777178 7242991 TECHATCHERY LLC 19 RESEARCH PARK COURT ST CHARLES MO 633045616 272789465 CREDIT UNION SERVICE ORGANIZATION PROVIDING IT SOFTWARE SERVICES MO C 171 117126 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0