2020-06-26T14:19:41-05:00 2019-12-31 390758449 WIPFLI LLP 101 EAST FRONT STREET 301 MISSOULA MT 59802 990 2019-01-01 810283608 ROCKY MOUNTAIN CREDIT UNION ROCK 4064471102 3400 NORTH MONTANA HELENA MT 59601 STEVE SENDON PRESIDENT/CEO 4064471102 2020-06-24 1 PHILIP L YASENAK CPA P01248379 4067281800 2020-06-24 63.235.138.172 2020-06-24 15:58:50 MD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BE7A92E7B0152C1C6812F3C99C620D56F411D8FD 2019 2021-04-22 16:20:28Z STEVE SENDON 3400 NORTH MONTANA HELENA MT 59601 14270121 0 X WWW.RMCU.NET X 1940 MT PARTNERING WITH OUR MEMBERS TO IMPROVE THE QUALITY OF THEIR LIVES BY PROVIDING A SECURE AND SERVICE-FOCUSED CREDIT UNION THAT BUILDS TRUST AND RESPECT. 7 7 110 12 0 7577 0 0 13025908 13367213 114359 304481 167961 180855 13308228 13852549 17579 31244 0 0 5875090 6321687 0 0 0 5866803 6311382 11759472 12664313 1548756 1188236 244782966 264444296 220792550 239264966 23990416 25179330 PARTNERING WITH OUR MEMBERS TO IMPROVE THE QUALITY OF THEIR LIVES BY PROVIDING A SECURE AND SERVICE-FOCUSED CREDIT UNION THAT BUILDS TRUST AND RESPECT. 0 0 AS A MEMBER OWNED, FINANCIAL COOPERATIVE, THE CREDIT UNION SERVED MORE THAN 22,000 PRIMARILY MONTANA RESIDENTS WITH A WIDE VARIETY OF FINANCIAL SERVICES. ADDITIONAL SERVICES PROVIDED INCLUDED COUNSELING, FINANCIAL EDUCATION, NEWSLETTERS, DEPOSIT AND LOAN INSURANCE PROTECTION, AND CONSUMER INFORMATION. THE CREDIT UNION PROVIDED SETTLEMENT, CORRESPONDENCE, INVESTMENT, LOAN EDUCATION, AND OTHER SERVICES TO ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 7860 0 1 110 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 1 0 X MATT STOLLE 4064471102 3400 NORTH MONTANA HELENA MT 59601 KRISTIN BOUCHARD CHAIRMAN 2.00 X X 0 0 0 LYLE MANLEY VICE CHAIRMAN 2.00 X X 0 0 0 MICHAEL BERTAGNOLLI SECRETARY 2.00 X X 0 0 0 KATHY SHEA SECRETARY (THRU APRIL) 2.00 X X 0 0 0 JOSH KNOEDLER TREASURER 2.00 X X 0 0 0 MARK BAUM DIRECTOR (THRU APRIL) 2.00 X 0 0 0 STEFANIE GRIFFITH DIRECTOR 2.00 X 0 0 0 CHRIS LEMON DIRECTOR 2.00 X 0 0 0 MICHAEL WILLIAMS DIRECTOR 2.00 X 0 0 0 STEVE SENDON PRESIDENT/CEO 40.00 X 200484 0 24527 ED STOFKO PRESIDENT/CEO (THRU MARCH) 40.00 X 158812 0 17587 MATT STOLLE VP-FINANCE/CFO 40.00 X 133240 0 22827 DEAN OLSEN VP-IT 40.00 X 114507 0 20350 ERIN JOHNSTON VP-PROJECT CHANGE 40.00 X 104145 0 19553 711188 0 104844 5 0 1 0 JACK HENRY & ASSOCIATES 663 W HWY 60 MONETT MO 65708 SUPPORT SERVICES 298889 ALKAMI TECHNOLOGY INC PO BOX 670397 DALLAS TX 75267 SUPPORT SERVICES 286458 PRIME MARKETING 810 N WALLACE SUITE D BOZEMAN MT 59715 MARKETING 224842 INFORMATION SYSTEMS OF MT 1314 HELENA AVE HELENA MT 59601 TECHNOLOGY SERVICES 158849 BLACKFOOT COMMUNICATIONS PO BOX 16600 MISSOULA MT 59808 TECHNOLOGY SERVICES 137308 6 INTEREST ON LOANS 522100 10133613 10133613 FEES AND CHARGES 522100 3233600 3233600 13367213 322260 322260 399793 417572 -17779 -17779 -17779 INTEREST ON SERP 522100 151489 151489 29366 29366 180855 13852549 13548068 0 304481 31244 557477 4539374 416975 434515 373346 62786 51800 3496 615570 398399 586169 254806 450771 122623 27927 150429 628467 119845 DIVIDENDS PAID TO MEMBE 1740988 LOAN SERVICING FEES 418833 CREDIT CARD & TRANSACTI 306923 PROVISION-LOAN LOSSES 204500 167050 12664313 2232069 2555418 12519378 13407128 555957 576872 5060943 5362531 200474473 216897635 708336 731447 19644758 7230665 12863170 12414093 500215 6871823 8918423 3496817 3080534 244782966 264444296 3513410 3697392 5460591 6724617 211818549 228842957 220792550 239264966 X 0 0 0 0 23990416 25179330 23990416 25179330 244782966 264444296 1188236 678 0 X X 0 1 X 1 0 3046534 3046534 12722374 3854508 8867866 70496 70496 0 3004127 2504434 499693 801227 801227 0 12414093 MEMBER DEPOSITS 228842957 228842957 X 13833698 17779 17779 13815919 36630 36630 13852549 12645462 17779 17779 12627683 36630 36630 12664313 PART X, LINE 2: THE CREDIT UNION IS STATE CHARTERED AND FEDERALLY TAX-EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(14), EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME TAX IS INSIGNIFICANT AND NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. AN EXEMPT ORGANIZATION RETURN IS FILED ANNUALLY WITH THE APPLICABLE FEDERAL AND STATE TAX JURISDICTIONS. THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2019 OR 2018. INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS ARE RECOGNIZED BY THE CREDIT UNION AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2019 AND 2018, THE CREDIT UNION RECOGNIZED NO INTEREST AND PENALTIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET LOSS ON FORECLOSED AND REPOSSESSED ASSETS 17,779. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSE RECORDED AS REVENUE 36,630. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET LOSS ON FORECLOSED AND REPOSSESSED ASSETS 17,779. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSE RECORDED AS REVENUE 36,630. 1 0 0 PART I, LINE 2: THE ORGANIZATION MONITORS THE RECIPIENTS OF THEIR CHARITABLE GIVING. IN 2018 THERE WERE NO ORGANIZATIONS THAT RECEIVED MORE THAN $5,000. X 1 1 X X 0 1 0 STEVE SENDON PRESIDENT/CEO 188082 0 8214 0 4188 0 23750 0 777 0 225011 0 0 0 ED STOFKO PRESIDENT/CEO (THRU MARCH) 131117 0 21510 0 6185 0 15245 0 2342 0 176399 0 0 0 MATT STOLLE VP-FINANCE/CFO 125247 0 7993 0 0 0 16535 0 6292 0 156067 0 0 0 PART I, LINE 4B NO CONTRIBUTIONS WERE MADE TO ED STOFKO'S SERP IN 2019. HOWEVER, THERE WAS AN INCREASE IN VALUE OF $151,828. EDWARD STOFKO EMPLOYEE SPLIT-DOLLAR LIFE INSURANCE X 4300000 5362531 0 1 1 5362531 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. THERE IS ONLY ONE CLASS OF MEMBERSHIP AND THE REQUIREMENTS FOR MEMBERSHIP ARE DESCRIBED IN THE BYLAWS IN REGARD TO GEOGRAPHIC REGION AND THE PRICE OF ONE SHARE. FORM 990, PART VI, SECTION A, LINE 7A AN ANNUAL MEETING OF MEMBERS IS HELD WITHIN 200 DAYS AFTER THE CLOSE OF THE FISCAL YEAR. AT ALL MEETINGS, IRRESPECTIVE OF THE NUMBER OF SHARES HELD BY THE MEMBER, NO MEMBER SHALL HAVE MORE THAN ONE VOTE AND THERE IS NO VOTING BY PROXY. FORM 990, PART VI, SECTION A, LINE 7B DISSOLUTION IS SUBJECT TO THE APPROVAL OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE FORWARDED TO THE BOARD OF DIRECTORS BEFORE FILING FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY AND ACTS IMMEDIATELY WHEN CONFLICTS ARISE. WHEN A CONFLICT ARISES, IT IS FIRST REPORTED TO THE CHAIRMAN OF THE BOARD. THE DETERMINATION IF A CONFLICT EXISTS IS DONE BY THE EXECUTIVE COMMITTEE OF THE BOARD. WHEN MATTERS PERTAINING TO THE SPECIFIC PERSONAL INTEREST OF A BOARD MEMBER OR OTHER VOLUNTEER ARE DISCUSSED, THE AFFECTED MEMBER SHALL NOT ENGAGE IN THE DISCUSSION OR PARTICIPATE IN THE VOTE, AND THE MINUTES SHALL SO STATE. IF MORE THAN ONE MEMBER IS INVOLVED IN MATTERS INVOLVING A CONFLICT OF INTEREST AND A VOTE IS CALLED, THE NUMBER VOTING MUST EQUAL OR EXCEED THE QUORUM REQUIREMENTS FOR THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THREE BOARD MEMBERS ON THE CEO COMPENSATION COMMITTEE DETERMINE THE PRESIDENT/CEO'S PAY. THE BOARD IS VOLUNTEER WITHOUT COMPENSATION. THE PRESIDENT/CEO DETERMINES THE OFFICERS AND EMPLOYEES' PAY. FORM 990, PART VI, SECTION C, LINE 19 THE GENERAL PUBLIC CAN VIEW THE FORM 990 AND ORGANIZATIONAL DOCUMENTS UPON REQUEST. 23 THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.