2021-11-04T10:46:13-05:00 2020-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2020-01-01 561295697 VIZO FINANCIAL CORPORATE CREDIT UNION VIZO 3362174992 7900 TRIAD CENTER DRIVE NO 410 GREENSBORO NC 27409 MARK BROWN CFO 3362174907 2021-11-03 1 MARK BROWN 999009999 DOUGLAS J ORTH P01076394 3052328272 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAVID BREHMER 7900 TRIAD CENTER DRIVE SUITE 410 GREENSBORO NC 27409 957771266 0 2032 X WWW.VFCCU.ORG X 1980 NC VIZO FINANCIAL IS THE CREDIT UNIONS' "CREDIT UNION" OFFERING LIQUIDITY SERVICES, INVESTMENT SERVICES, AND CORRESPONDENT SERVICES TO ITS MEMBERS. 9 9 184 17 0 0 0 0 10235142 22030022 104809980 54604954 133133 37103 115178255 76672079 30230 19225 0 0 10941103 17898876 0 0 0 88842065 40418249 99813398 58336350 15364857 18335729 4707672721 7383800862 4386653730 7019022453 321018991 364778409 DRIVING CREDIT UNION SUCCESS THROUGH PROVEN EXCELLENCE, EXPERTISE, AND ENGAGED PARTNERSHIPS. 0 0 SETTLEMENT AND PAYMENT SERVICES: WE PROVIDE AGGREGATED PAYMENT SERVICES SO CREDIT UNIONS CAN EFFICIENTLY AND COST EFFECTIVELY SERVE THEIR MEMBERS, PROVIDING THEM TOOLS FOR MOVING MONEY ELECTRONICALLY. FUNDS MANAGEMENT & LIQUIDITY SERVICES: ONE OF THE KEY SERVICES WE PROVIDE MEMBERS IS A COMPLETE LINE OF COMPETITIVE SHORT-TERM DEPOSIT PRODUCTS COMBINED WITH LINES-OF-CREDIT SO THAT THEY CAN MORE EFFECTIVELY MANAGE THEIR CASH FLOW NEEDS. ASSET-LIABILITY MANAGEMENT (ALM) AND RISK MANAGEMENT SERVICES: ALM SERVICES INCLUDE BOTH CONSULTING AND MODELING RISKS INHERENT IN A CREDIT UNION'S BALANCE SHEET. OUR RISK MANAGEMENT SERVICES INCLUDE COMPLIANCE/REGULATORY TRAINING, INFORMATION SYSTEM RISK ASSESSMENTS, BUSINESS CONTINUITY PLANNING, AND ENTERPRISE RISK MANAGEMENT BEST PRACTICES. THESE SERVICES ARE DESIGNED TO HELP CREDIT UNIONS BEST UNDERSTAND AND MITIGATE RISKS THEY ENCOUNTER IN THEIR OPERATIONS. 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 0 0 1 31 0 1 184 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X MARK BROWN 3362174907 7900 TRIAD CENTER DRIVE SUITE 410 GREENSBORO NC 27409 ALISON DETUNCQ DIRECTOR 2.00 X 0 0 0 SCOTT WOODS VICE CHAIRPERSON 2.00 X 0 0 0 BOB BRUNS DIRECTOR 2.00 X 0 0 0 JERRY KING CHAIRPERSON 3.00 X 0 0 0 JAMES MCCAW CHAIRPERSON 3.00 X 0 0 0 JEFF CHELIUS TREASURER 2.00 X 0 0 0 SCOTT WEAVER SECRETARY 2.00 X 0 0 0 DANIEL BERRY DIRECTOR 2.00 X 0 0 0 MARK VOLPONI DIRECTOR 2.00 X 0 0 0 GENICE DECORTE DIRECTOR 2.00 X 0 0 0 JAY MURRAY CEO 40.00 X 859508 0 59650 DAVID BREHMER PRESIDENT 40.00 X 461473 0 273342 MARK BROWN CFO 40.00 X 264979 0 96029 FRED EISEL CIO 40.00 X 268524 0 96180 JEFFREY STONER CHIEF STRATEGY OFFICER 40.00 X 248690 0 96562 RODNEY MAY CHIEF ENGAGEMENT OFFICER 40.00 X 246889 0 91612 LORI GALL CHIEF RISK OFFICER 40.00 X 218972 0 84799 JOSEPH BERTOTTO CHIEF CULTURE OFFICER 40.00 X 206626 0 88584 JANICE APPLEBY CHIEF HUMAN RESOURCES OFFICER 40.00 X 192881 0 63940 DREW KISHBAUGH FORMER COO 40.00 X 274726 0 9651 3243268 0 960349 34 1 1 0 FISERV INC PO BOX 934057 GRAPEVINE TX 76099 CORE DATA PROCESSING AND ANCILLARY SOLUT 457482 DIGITAL DEFENSE 9000 TESORO DR SUITE 100 SAN ANTONIO TX 78217 IS PENETRATION TESTING 375516 ZM FINANCIAL SYSTEMS 1020 SOUTHHILL DR SUITE 200 CARY NC 27513 ALM SOFTWARE/SERVICES 329753 DATAQUEST OLDE LIBERTY SQ SUITE 247 4807 JONE HARRISBURG PA 17109 CONSULTING SERVICES 128134 BLOOMBERG PO BOX 416604 BOSTON MA 02241 INVESTMENT DATA SERVICES 119329 8 CORRESPONDENT SERVICES 522100 21999564 21999564 INCOME ON LOANS 522100 30458 30458 22030022 54118140 54118140 881586001 881099187 486814 486814 486814 EQUITY METHOD INCOME FROM CUSOS 522100 37103 37103 37103 76672079 76672079 0 0 19225 2379685 10441701 1521713 2657354 898423 157941 283250 3106935 125489 1332698 1954017 953478 133885 259905 20134480 382856 1735861 162602 CORRESPONDENT SERVICES 9011831 MAINTENANCE 497783 MISCELLANEOUS EXPENSE 185238 58336350 10406254 12207996 1507781844 3225312405 23598046 34937436 8461506 8530933 5861617 2428 811616 2295467 22774918 17426008 3703725 5348910 3055324815 3957817054 44811629 89152162 490148 2282127 46421521 45913944 4707672721 7383800862 44704688 57567564 7314540 6022800 4334634502 6955432089 4386653730 7019022453 X 0 0 0 0 321018991 364778409 321018991 364778409 4707672721 7383800862 X 18335729 25382875 40814 X X 0 1 X 1 0 960107 960107 5592807 3239274 2353533 171570 122076 49494 16050434 14064658 1985776 5348910 DAILY SHARE ACCOUNTS 5723706071 PSA-30 SHARE ACCOUNTS 30939922 PSA-90 SHARE ACCOUNTS 363785838 HOLIDAY ACCUMULATION ACCOUNT 41682400 CERTIFICATES 786812448 NON-PERPETUAL CAPITAL SHARES 8505410 6955432089 X 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 PENNSYLVANIA CREDIT UNION FOUNDATION 4309 N FRONT STREET HARRISBURG PA 17110 251786339 501(C)(3) 6725 CHARITABLE CONTRIBUTION CAROLINAS CREDIT UNION FOUNDATION 4100 MENDENHALL OAKS PARKWAY SUITE 130 HIGH POINT NC 27265 561842095 501(C)(3) 7500 CHARITABLE CONTRIBUTION 2 PART I, LINE 2: THE AMOUNTS PAID TO THE ORGANIZATIONS ARE CONSIDERED DONATIONS, NOT GRANTS. SO THERE IS NO MONITORING. SOME DONATIONS ARE EVENT SPONSORSHIP BASED. X 1 1 X X X X X 0 1 0 JAY MURRAY CEO 405193 0 35040 0 419275 0 31245 0 28405 0 919158 0 202699 0 DAVID BREHMER PRESIDENT 352991 0 34181 0 74301 0 262353 0 10989 0 734815 0 0 0 FRED EISEL CIO 240336 0 13920 0 14268 0 67775 0 28405 0 364704 0 0 0 MARK BROWN CFO 227934 0 13814 0 23231 0 67624 0 28405 0 361008 0 0 0 JEFFREY STONER CHIEF STRATEGY OFFICER 234055 0 12979 0 1656 0 68157 0 28405 0 345252 0 0 0 RODNEY MAY CHIEF ENGAGEMENT OFFICER 194961 0 50391 0 1537 0 63280 0 28332 0 338501 0 0 0 LORI GALL CHIEF RISK OFFICER 205907 0 11445 0 1620 0 62175 0 22624 0 303771 0 0 0 JOSEPH BERTOTTO CHIEF CULTURE OFFICER 190148 0 11053 0 5425 0 66033 0 22551 0 295210 0 0 0 DREW KISHBAUGH FORMER COO 8963 0 13885 0 251878 0 5044 0 4607 0 284377 0 0 0 JANICE APPLEBY CHIEF HUMAN RESOURCES OFFICER 181353 0 10134 0 1394 0 52858 0 11082 0 256821 0 0 0 PART I, LINE 4B CERTAIN MEMBERS OF MANAGEMENT PARTICIPATE IN A 457(F) PLAN. BENEFIT INFORMATION AS OF DECEMBER 31, 2020 FOR EACH OF THE PARTICIPANTS IS AS FOLLOWS: 457(F) BENEFITS PAID OUT DURING 2020: JAY MURRAY - $409,887 THE 457(F) BENEFIT EXPENSE ACCRUED DURING 2020 FOR EACH OF THE PARTICPANTS REPORTED IN PART VII IS AS FOLLOWS: JAY MURRAY: $5,595 JANICE APPLEBY: $35,396 MARK BROWN: $43,835 LORI GALL: $42,219 FRED EISEL: $43,835 RODNEY MAY: $40,856 JEFFREY STONER: $45,484 JOSEPH BERTOTTO: $51,444 DAVID BREHMER: $236,703 DAVID BREHMER PRESIDENT TO FUND LIFE INSURANCE POLICY X 3000000 3298480 0 1 1 DAVID BREHMER PRESIDENT TO FUND LIFE INSURANCE POLICY X 56165 26050 0 1 1 MARK BROWN CFO TO FUND LIFE INSURANCE POLICY X 53340 55882 0 1 1 FRED EISEL CIO TO FUND LIFE INSURANCE POLICY X 49123 55690 0 1 1 JAY MURRAY CEO TO FUND LIFE INSURANCE POLICY X 5300000 5094831 0 1 1 8530933 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE MADE UP OF NATURAL PERSON CREDIT UNIONS. MEMBERSHIP IS REQUIRED FOR SERVICE. FORM 990, PART VI, SECTION A, LINE 7A WE HAVE APPROXIMATELY 700 MEMBER-OWNERS WHO ELECT THE BOARD OF DIRECTORS. EACH MEMBER ORGANIZATION HAS ONE VOTE. 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. IN ADDITION TO ELECTION OF BOARD MEMBERS, SOME MAJOR DECISIONS SUCH AS MERGING REQUIRE MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE CFO COMPILES ALL REQUESTED DATA FOR COMPLETING FORM 990 FROM APPROPRIATE DEPARTMENTS. HE WORKS WITH THE HUMAN RESOURCES DEPARTMENT AND THE CHIEF HUMAN RESOURCES OFFICER TO ENSURE ALL EMPLOYEE COMPENSATION DATA IS ACCURATE. OUR CPA FIRM COMPLETES A DRAFT OF FORM 990 WHICH IS REVIEWED BY THE PRESIDENT AND CFO. AFTER THE PRESIDENT AND CFO REVIEW FORM 990 AND ANY NECESSARY CHANGES ARE MADE, THE CPA FIRM FINALIZES 990. FORM 990, PART VI, SECTION B, LINE 12C AT THE START OF EACH BOARD MEETING, EACH DIRECTOR MUST DISCLOSE IF THERE ARE ANY POTENTIAL CONFLICT OF INTEREST REGARDING ANY ACTION OR DISCUSSION TOPIC THAT WILL TAKE PLACE DURING THE MEETING. IF AFFIRMATIVE, THAT DIRECTOR IS EXCLUDED FROM BOTH DISCUSSION AND ACTION ON THAT SPECIFIC ISSUE. FORM 990, PART VI, SECTION B, LINE 15 WE UTILIZE THE SERVICES OF A THIRD-PARTY CONSULTANT WHO SPECIALIZES IN COMPENSATION STUDIES FOR EVERY POSITION WITHIN THE ORGANIZATION. ALL POSITIONS HAVE SET SALARY RANGES BASED ON OUTSIDE COMPENSATION STUDIES AND RECOMMENDATIONS BY THE COMPENSATION CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: ISSUANCE OF PERPETUAL CONTRIBUTED CAPITAL 40,814. 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. MY CU SERVICES LLC 1201 FULLING MILL RD MIDDLETON PA 17057 251865944 PAYMENT SERVICES PA 19435194 18118301 VIZO FINANCIAL CORPORATE CREDIT UNION