2022-11-15T09:38:05-06:00 2021-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2021-01-01 421132695 VERIDIAN CREDIT UNION VERI 3192365600 1827 ANSBOROUGH AVENUE WATERLOO IA 507013629 KEITH J MESCH CHEIF FINANCIAL OFFICER 3192365600 2022-11-10 1 KEITH MESCH XXX-XX-XXXX JENIFER L CHASE P01306883 5638884000 2022-11-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z KEITH J MESCH 1827 ANSBOROUGH AVENUE WATERLOO IA 507013629 292558909 0 X WWW.VERIDIANCU.ORG X 1934 IA TO PROVIDE A VARIETY OF LOW OR NO COST SERVICES, LOW LOAN RATES, AND HIGHER SAVINGS RATES TO OUR MEMBERS, AND TO FULFILL OUR PHILOSOPHY OF "PEOPLE HELPING PEOPLE" BY PARTNERING WITH OUR MEMBERS TO CREATE SUCCESSFUL FINANCIAL FUTURES. OUR CURRENT FIELD OF MEMBERSHIP IS THE STATE OF IOWA, AS WELL AS 6 COUNTIES IN EASTERN NEBRASKA. 15 15 1093 17 1053881 564509 0 0 213372101 228720580 1584470 11737145 35729866 44447749 250686437 284905474 766463 514033 0 0 70391742 75866744 0 0 0 112795747 89569049 183953952 165949826 66732485 118955648 5127625899 5861265762 4611198472 5229377402 516427427 631888360 X TO PROVIDE A VARIETY OF LOW OR NO COST SERVICES, LOW LOAN RATES, AND HIGHER SAVINGS RATES TO OUR MEMBERS, AND TO FULFILL OUR PHILOSOPHY OF "PEOPLE HELPING PEOPLE" BY PARTNERING WITH OUR MEMBERS TO CREATE SUCCESSFUL FINANCIAL FUTURES. OUR CURRENT FIELD OF MEMBERSHIP IS THE STATE OF IOWA, AS WELL AS 6 COUNTIES IN EASTERN NEBRASKA. 0 0 VERIDIAN CREDIT UNION SERVED APPROXIMATELY 277,538 MEMBERS AT OUR CONVENIENT BRANCH LOCATIONS. VERIDIAN CREDIT UNION ADDED 46,848 NEW MEMBERSHIPS IN 2021. TOTAL LOANS AND DEPOSITS AT 12/31/2021 WERE 4,598,431,489 AND 5,022,510,763 RESPECTIVELY. 0 0 0 0 0 0 0 1 0 1 0 1 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 0 1 1 1 0 1 224955 0 1 1093 1 1 1 0 0 0 0 0 0 0 X 15 15 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X KEITH J MESCH 3192366774 1827 ANSBOROUGH AVENUE WATERLOO IA 507013629 STEPHANIE ATKIN BOARD OF DIRECTOR 6.00 X 0 0 0 PAMELA AYRES BOARD OF DIRECTOR 6.00 X 0 0 0 WILLIAM BOEVERS BOARD OF DIRECTOR 6.00 X 1239 0 0 CYNTHIA BUETTNER BOARD OF DIRECTOR 6.00 X 0 0 0 THOMAS DELONG FORMER BOARD OF DIRECTOR 6.00 X 0 0 0 PAUL GENGLER FORMER BOARD OF DIRECTOR 6.00 X 0 0 0 JAMES KACHER BOARD OF DIRECTOR 6.00 X 0 0 0 BOB KRESSIG BOARD OF DIRECTOR 6.00 X 0 0 0 LARRY LOSS BOARD OF DIRECTOR 6.00 X 0 0 0 TRACI MCBEE BOARD OF DIRECTOR 6.00 X 865 0 0 JUSTINE PEEBLES BOARD OF DIRECTOR 6.00 X 3437 0 0 GINGER SHIRLEY BOARD OF DIRECTOR 6.00 X 1654 0 0 CINDY SPROLE BOARD OF DIRECTOR 6.00 X 0 0 0 CRESTON VAN WEY BOARD OF DIRECTOR 6.00 X 1071 0 0 AUBREY WARD BOARD OF DIRECTOR 6.00 X 505 0 0 NICK WATERS BOARD OF DIRECTOR 6.00 X 0 0 0 GAYLEN WITZEL BOARD OF DIRECTOR 6.00 X 0 0 0 DOUGLAS GILBERTSON CHIEF OPERATIONS OFFICER 50.00 X 498692 0 166895 RENEE CHRISTOFFER PRESIDENT/CEO 50.00 X 891446 0 248043 KEITH MESCH CHIEF FINANCIAL OFFICER 50.00 X 391974 0 137618 BRETT ENGSTROM CHIEF INFORMATION OFFICER 50.00 X 328761 0 120813 SHAWNA MATZ CHIEF PEOPLE OFFICER 50.00 X 275135 0 97872 CHRISTOPHER MCGOVERN MANAGER OF MORTGAGE LENDING 50.00 X 331798 0 52601 MARK KOPPEDRYER SENIOR VP OF RETAIL 50.00 X 260094 0 84867 GREGORY SLESSOR SENIOR VP OF LEGAL 50.00 X 270899 0 89455 KARA VANWERT SENIOR VP OF LENDING 50.00 X 248984 0 68504 GABRIEL WILCOX MORTGAGE LOAN ORIGINATOR 50.00 X 347754 0 66082 LORI HONERMANN MORTGAGE LOAN ORIGINATOR 50.00 X 327445 0 62991 LYNETTE GILBERTSON SENIOR VP OF COMMERCIAL SERVICES 50.00 X 297840 0 76505 JOSHUA DUNHAM MORTGAGE LENDING SALES SUPERVISOR 50.00 X 250597 0 63507 MELISSA GRIFFIN MORTGAGE LENDING SALES SUPERVISOR 50.00 X 258440 0 58025 4988630 0 1393778 84 0 1 0 FISERV INC 75 REMITTANCE DR SUITE 1649 CHICAGO IL 60675 DATA PROCESSING 5988144 ALKAMI TECHNOLOGY INC 5601 GRANITE PKWY 120 PLANO TX 75024 DATA PROCESSING 2950933 FLYNN WRIGHT 1408 LOCUST STREET DES MOINES IA 50309 ADVERTISING AGENCY 2624521 LANVERA LTD 112 WRANGLER DR 150 COPPELL TX 75019 DOCUMENT OUTSOURCING 2217949 REDMOND CO W228 N745 WESTMOUND ROAD WAUKESHA WI 53186 DESIGN SERVICES 1727270 78 INTEREST INCOME - LOANS TO MEMBER 522100 185691609 185691609 FEES AND CHARGES 522100 26669759 26669759 ATM - POINT OF SALE 522100 5030317 4684862 345455 SALE OF SERVICES 522100 4559955 3851529 708426 INTEREST INCOME - MEMBER INVESTME 522100 4551008 4551008 2217932 2217932 228720580 1016542 1016542 509786 618052 -108266 -108266 -108266 9672422 8083564 5670441 1364942 4001981 6718622 10720603 10720603 VISA INTERCHANGE 522100 28767551 28767551 OVERDRAFT/NSF FEES 522100 13714863 13714863 MISCELLANEOUS INCOME 900099 2073601 2073601 44556015 284905474 272222714 1053881 11628879 514033 4564452 50339543 6972402 10286992 3703355 205402 332741 54717 783945 3952097 5459725 4449550 5107830 132850 266135 35764291 4976887 UNRELATED BUSINESS TAXE 224802 LOAN SERVICING 11724948 PAYMENT SYSTEMS 8739254 EQUIPMENT/SOFTWARE EXPE 4329659 3064216 165949826 37825471 31120067 374042777 616014329 46305157 25462856 693580 321419 4224788842 4573938504 6350179 7635559 120957522 47008824 73645300 73948698 316675150 478916908 47299443 53907422 5127625899 5861265762 61066055 76513820 2066372 1008438 13548769 12373510 168672747 129344380 4365844529 5010137254 4611198472 5229377402 X 0 0 0 0 516427427 631888360 516427427 631888360 5127625899 5861265762 X 118955648 -5759658 2264943 X X 0 1 X 1 0 0 1 X 20169725 20169725 59542050 19346311 40195739 3458896 1610780 1848116 35459838 26051733 9408105 2327013 2327013 73948698 BONDS - AVAILABLE FOR SALE 257745431 F CORPORATE CREDIT UNIONS 35000000 C CERTIFICATES OF DEPOSIT 35847015 C FHLB OF DES MOINES 11327400 C FCT ACCOUNT 110569027 F CUSO & EQUITY INVESTMENTS 17816477 C CHARITABLE DONATION ACCOUNT 10611558 C 478916908 SHARE SAVINGS 1316310563 SHARE DRAFT 1022410876 MONEY MARKET 1054426625 CERTIFICATES 1409716998 IRA 207272192 5010137254 X PART IV, LINE 2B: VERIDIAN 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. PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(14) OF THE INTERNAL REVENUE CODE AND SECTION 122 OF THE CREDIT UNION ACT. THE CREDIT UNION'S CUSO SUBSIDIARY, HOWEVER, IS SUBJECT TO STATE AND FEDERAL INCOME TAXES. AT DECEMBER 31, 2021 AND 2020, THE SUBSIDIARY'S ACCRUED INCOME TAX PAYABLE (RECEIVABLE) WAS $97,883 AND $(33,282), RESPECTIVELY, WHICH IS INCLUDED IN ACCRUED EXPENSES AND OTHER LIABILITIES AND OTHER ASSETS ON THE CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION, RESPECTIVELY. THE CREDIT UNION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION (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 UPON EXAMINATION BY TAXING AUTHORITIES, BASED ON TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE BEING 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 DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. THIS STANDARD DID NOT HAVE AN IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS AND THE CREDIT UNION BELIEVES IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. THE CREDIT UNION RECOGNIZES INTEREST AND PENALTIES ON INCOME TAXES AS A COMPONENT OF INCOME TAX EXPENSE. 1 WAUKEE BETTERMENT FOUNDATION PO BOX 654 WAUKEE IA 50263 204379180 501(C)(3) 8000 0 INCLUSIVE PLAYGROUND CAPITAL CAMPAIGN WATERLOO CAREER ACADEMY - WATERLOO SCHOOL DISTRICT 1350 KATOSKI DR WATERLOO IA 50701 426003910 CITY OF WATERLOO 10000 0 WATERLOO CAREER CENTER UNIVERSITY OF NORTHERN IOWA FOUNDATION 1227 W 27TH ST CEDAR FALLS IA 50614 426058591 501(C)(3) 17109 0 FORWARD BOUND, COMMUNITY ENGAGEMENT, AFRICAN AMERICAN READ-IN UNITED WAY OF THE MIDLANDS 2201 FARNUM ST SUITE 200 OMAHA NE 68102 470922285 501(C)(3) 13500 0 GENERAL SUPPORT UNITED WAY OF EAST CENTRAL IOWA 317 7TH AVE SE NO 401 CEDAR RAPIDS IA 52401 420861239 501(C)(3) 8700 0 GENERAL SUPPORT UNITED WAY OF EAST CENTRAL IOWA - SPARK 5 317 7TH AVE SE NO 401 CEDAR RAPIDS IA 52401 420861239 501(C)(3) 10000 0 PROGRAM - SPARK 5 UNITED WAY OF CENTAL IOWA 1111 9TH ST SUITE 1000 DES MOINES IA 50314 420680425 501(C)(3) 32000 0 GENERAL SUPPORT POLK COUNTY AUDITOR 111 COURT AVE 300 DES MOINES IA 50319 426004519 501(C)(1) 10000 0 FINANCIAL EMPOWERMENT FUND OPERATION THRESHOLD 1535 LAFAYETTE ST WATERLOO IA 50703 420982549 501(C)(3) 60000 0 IDA FUNDING ONE IOWA 950 OFFICE PARK RD SUITE 240 WEST DES MOINES IA 50265 721613927 501(C)(3) 10000 0 WORKPLACE CULTURE SUMMIT, GALA EVENT SPONSORSHIP OELWEIN AREA UNITED WAY PO BOX 547 OELWEIN IA 50662 421225224 501(C)(3) 6000 0 GENERAL SUPPORT LEADER VALLEY FOUNDATION 360 WESTFIELD AVE SUITE 200 WATERLOO IA 50701 453120883 501(C)(3) 10000 0 LEADER IN ME IOWA HEARTLAND HABITAT FOR HUMANITY 803 W 5TH ST WATERLOO IA 50702 421350378 501(C)(3) 15000 0 HOUSING SUPPORT IOWA CREDIT UNION FOUNDATION 7745 OFFICE PLAZA DR N SUITE 170 WEST DES MOINES IA 50266 421438113 501(C)(3) 12000 0 GENERAL SUPPORT GROW CEDAR VALLEY 360 WESTFIELD AVE SUITE 200 WATERLOO IA 50701 421241941 501(C)(6) 37500 0 ECONOMIC DEVELOPMENT COMMUNITY FOUNDATION OF NORTHEAST IOWA 3117 GREENHILL CIRCLE CEDAR FALLS IA 50613 426060414 501(C)(3) 80000 0 GRANTS COMMUNITY FOUNDATION OF NORTHEAST IOWA 3117 GREENHILL CIRCLE CEDAR FALLS IA 50613 426060414 501(C)(3) 10000 0 ONE CEDAR VALLEY FUND CENTRO LATINO 300 W BROADWAY SUITE 40 COUNCIL BLUFFS IA 51503 202931001 501(C)(3) 11500 0 FINANCIAL LITERACY CEDAR VALLEY UNITED WAY 425 CEDAR STREET SUITE 300 WATERLOO IA 50701 420801846 501(C)(3) 29000 0 GENERAL SUPPORT CEDAR FALLS SCHOOL FOUNDATION 602 MAIN ST CEDAR FALLS IA 50613 204287931 501(C)(3) 10000 0 POOL CAPITAL CAMPAIGN BOYS AND GIRLS CLUB OF THE CEDAR VALLEY 515 LIME STREET WATERLOO IA 50703 426083723 501(C)(3) 10000 0 IDA FUNDING, FINANCIAL LITERACY 18 3 PART I, LINE 2: THE ORGANIZATION ISSUES FUNDS TO BE USED AT THE RECIPIENT'S DISCRETION. X 1 1 X X X X 0 1 0 RENEE CHRISTOFFER PRESIDENT/CEO 625706 0 135612 0 130128 0 235830 0 12213 0 1139489 0 90298 0 DOUGLAS GILBERTSON CHIEF OPERATIONS OFFICER 375239 0 100389 0 23064 0 156691 0 10204 0 665587 0 0 0 KEITH MESCH CHIEF FINANCIAL OFFICER 241886 0 67805 0 82283 0 117179 0 20439 0 529592 0 60462 0 BRETT ENGSTROM CHIEF INFORMATION OFFICER 241011 0 57448 0 30302 0 102725 0 18088 0 449574 0 29557 0 GABRIEL WILCOX MORTGAGE LOAN ORIGINATOR 104229 0 223412 0 20113 0 43500 0 22582 0 413836 0 0 0 LORI HONERMANN MORTGAGE LOAN ORIGINATOR 81535 0 245400 0 510 0 43500 0 19491 0 390436 0 0 0 CHRISTOPHER MCGOVERN MANAGER OF MORTGAGE LENDING 110426 0 220952 0 420 0 43500 0 9101 0 384399 0 0 0 LYNETTE GILBERTSON SENIOR VP OF COMMERCIAL SERVICES 204403 0 38961 0 54476 0 67301 0 9204 0 374345 0 33170 0 SHAWNA MATZ CHIEF PEOPLE OFFICER 213758 0 33055 0 28322 0 86186 0 11686 0 373007 0 27702 0 GREGORY SLESSOR SENIOR VP OF LEGAL 206648 0 36332 0 27919 0 64065 0 25390 0 360354 0 27499 0 MARK KOPPEDRYER SENIOR VP OF RETAIL 194029 0 34961 0 31104 0 59054 0 25813 0 344961 0 30483 0 KARA VANWERT SENIOR VP OF LENDING 191324 0 31593 0 26067 0 55709 0 12795 0 317488 0 25212 0 MELISSA GRIFFIN MORTGAGE LENDING SALES SUPERVISOR 74142 0 183883 0 415 0 36267 0 21758 0 316465 0 0 0 JOSHUA DUNHAM MORTGAGE LENDING SALES SUPERVISOR 80531 0 169440 0 626 0 37109 0 26398 0 314104 0 0 0 PART I, LINE 1A IN TAX YEAR 2021, VERIDIAN CREDIT UNION REIMBURSED TRAVEL EXPENSES TO INDUSTRY CONFERENCES FOR THE COMPANION TO JUSTINE PEEBLES. THE AMOUNT IS INCLUDED IN REPORTABLE COMPENSATION IN PART VII AND SCHEDULE J. PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN IN 2021: RENEE CHRISTOFFER - $192,330, BRETT ENGSTROM - $69,575, DOUG GILBERTSON - $113,191, KEITH MESCH - $77,009, LYNN GILBERTSON - $32,947, SHAWNA MATZ - $55,107, GREG SLESSOR - $31,022, KARA VAN WERT - $26,976, MARK KOPPEDRYER - $29,564. THE DOLLAR AMOUNT REPRESENTS THE CURRENT YEAR CONTRIBUTION MADE BY VERIDIAN CREDIT UNION ON BEHALF OF THE INDIVIDUALS TO THE PLAN IN 2021. THIS INFORMATION IS INCLUDED IN DEFERRED COMPENSATION ON THE FORM 990, PART VII AND SCHEDULE J, PART II. RENEE CHRISTOFFER OFFICER NEW REAL ESTATE LOAN X 284000 155529 0 1 1 KARA VANWERT KEY EMPLOYEE DIRECT NEW AUTO LOAN X 37394 21025 0 1 1 KARA VANWERT KEY EMPLOYEE HOME EQUITY LOAN X 59328 41200 0 1 1 SHAWNA MATZ OFFICER CERTIFICATE SECURED X 20000 16965 0 1 1 KARA VANWERT KEY EMPLOYEE NEW AUTO LOAN X 90519 86700 0 1 1 321419 FORM 990, PART VI, SECTION A, LINE 2 DOUG GILBERTSON AND LYNN GILBERTSON HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 VERIDIAN CREDIT UNION IS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE THAT IS OWNED BY ITS MEMBERS. VERIDIAN CREDIT UNION MEMBERSHIP IS OPEN TO PERSONS LIVING OR WORKING IN IOWA, AS WELL AS 6 EASTERN COUNTIES IN NEBRASKA. EMPLOYEES OF THE CREDIT UNION'S BUSINESS PARTNERS ARE ALSO ELIGIBLE FOR VERIDIAN CREDIT UNION MEMBERSHIP. REGISTERED USERS OF DWOLLA ARE ALSO ELIGIBLE FOR VERIDIAN CREDIT UNION MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF VERIDIAN CREDIT UNION IS AN EQUAL OWNER OF THE CREDIT UNION. EACH MEMBER HAS ONE VOTE IN THE ELECTION OF THE BOARD OF DIRECTORS, REGARDLESS OF HOW MUCH MONEY THEY HAVE IN DEPOSITS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING TYPES OF DECISIONS OF THE GOVERNING BODY OF VERIDIAN CREDIT UNION ARE SUBJECT TO APPROVAL BY ITS MEMBERS: CHANGE IN ARTICLES OF INCORPORATION, MERGER, CHANGE TO THE CREDIT UNION BY-LAWS, CHANGE IN CHARTER STATUS, ELECTION/REMOVAL OF MEMBERS OF THE BOARD, AND DISSOLUTION OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND ALL THE REQUIRED SCHEDULES ARE REVIEWED EACH YEAR BY THE CONTROLLER. AMOUNTS REPORTED ON THE 990 ARE SUPPORTED WITH VARIOUS WORKPAPERS CONTAINING INFORMATION OBTAINED FROM THE GENERAL LEDGER ACCOUNTING SOFTWARE AND PAYROLL PROCESSOR. THE CONTROLLER REVIEWS ALL WORK PAPERS TO ENSURE AMOUNTS REPORTED ON THE FORM 990 ARE PROPER. AFTER THE REVIEW, ANY QUESTIONS OR COMMENTS ARE SUBMITTED TO THE PREPARER FOR RESPONSES, AND THEN ANOTHER REVIEW OF THOSE ITEMS IS COMPLETED UNTIL ALL QUESTIONS AND COMMENTS ARE RESOLVED. THE COMPLETED FORM 990 WILL BE FILED ELECTRONICALLY WITH THE IRS AND IS POSTED TO THE VERIDIAN'S BOARD EXTRANET FOR THE BOARD MEMBERS TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C VERIDIAN CREDIT UNION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY AS FOLLOWS: THE VERIDIAN CONFLICT OF INTEREST POLICY REQUIRES ANNUAL DISCLOSURE STATEMENTS TO BE SIGNED BY THE BOARD OF DIRECTORS AND SUBMITTED TO THE CFO OR BOARD CHAIR WITHIN 30 DAYS OF JANUARY 1 OF EACH YEAR. ANY APPARENT CONFLICT OF INTEREST SHALL BE RESOLVED BY THE CFO AND/OR AUDIT COMMITTEE WITH THE INDIVIDUAL. VERIDIAN'S BOARD OF GOVERNANCE COMMITTEE ALSO OVERSEES THIS BOARD POLICY. VERIDIAN'S AUDIT COMMITTEE OVERSEES THIS BOARD POLICY IN ADDITION TO THE INTERNAL AUDIT STAFF WHO MONITORS COMPLIANCE WITH ALL POLICIES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS OF DETERMINING COMPENSATION FOR ALL EMPLOYEES OF THE CREDIT UNION, INCLUDING THE CEO AND OTHER KEY EMPLOYEES IS AS FOLLOWS: AN OUTSIDE, THIRD PARTY CONSULTANT IS ENGAGED TO HELP DETERMINE THE PAY SCALE AND MERIT INCREASES. THE CONSULTANTS PERFORM MARKET SURVEYS EACH YEAR FOR EACH OF OUR REGIONS TO DETERMINE IF ANY CHANGES NEED TO BE MADE TO THE PAY RANGES. VERIDIAN CREDIT UNION'S BOARD OF DIRECTORS APPROVE THE RANGE ADJUSTMENTS. FORM 990, PART VI, SECTION C, LINE 19 VERIDIAN CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED MONTHLY AT ALL BRANCH LOCATIONS. FORM 990, PART XI, LINE 9: CHANGE IN FUNDED STATUS OF RETIREMENT PLAN 2,264,943. FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. VERIDIAN FISCAL SOLUTIONS LLC 1827 ANSBOROUGH AVENUE WATERLOO IA 50701 471135117 PAYROLL SERVICES IA 801571 50777383 THE VERIDIAN GROUP INC MEMBERS INSURANCE SERVICES LLC 1827 ANSBOROUGH AVENUE WATERLOO IA 50701 421277528 INSURANCE SERVICES IA 543828 1481299 MEMBERS INSURANCE INC THE VERIDIAN GROUP INC 1827 ANSBOROUGH AVENUE WATERLOO IA 50701 421263291 INSURANCE AND PAYROLL PROCESSING IA VERIDIAN CREDIT UNION C 1637863 5097407 1.00000 1 MEMBERS INSURANCE INC 1827 ANSBOROUGH AVENUE WATERLOO IA 50701 421277528 HOLDING COMPANY IA N/A C 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 THE VERIDIAN GROUP INC A 82500 FAIR MARKET VALUE THE VERIDIAN GROUP INC L 246750 FAIR MARKET VALUE