2019-07-17T11:58:03-05:00 2018-12-31 390758449 WIPFLI LLP 101 EAST FRONT STREET 301 MISSOULA MT 59802 990 2018-01-01 810283608 ROCKY MOUNTAIN CREDIT UNION ROCK 4064471102 3400 NORTH MONTANA HELENA MT 59601 STEVE SENDON PRESIDENT/CEO 4064471102 2019-06-28 1 PHILIP L YASENAK CPA P01248379 4067281800 2019-06-28 65.158.74.97 2019-06-28 15:24:43 MD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BE7A92E7B0152C1C6812F3C99C620D56F411D8FD 2018 2019-02-21 02:37:17Z STEVE SENDON 3400 N MONTANA AVE HELENA MT 59602 13477188 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 7 109 12 0 0 0 0 12195034 13025908 -753642 114359 428765 167961 11870157 13308228 30645 17579 0 0 5390136 5875090 0 0 0 6348667 5866803 11769448 11759472 100709 1548756 232303312 244782966 209684468 220792550 22618844 23990416 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 20,000 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 5582 0 1 109 1 0 0 0 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 0 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 JOSH KNOEDLER TREASURER 2.00 X X 0 0 0 KATHY SHEA SECRETARY 2.00 X X 0 0 0 MARK BAUM DIRECTOR 2.00 X 0 0 0 MICHAEL BERTAGNOLLI DIRECTOR 2.00 X 0 0 0 MICHAEL WILLIAMS DIRECTOR 2.00 X 0 0 0 TIM BOTTENFIELD DIRECTOR (THRU APRIL) 2.00 X 0 0 0 MIKE O'CONNOR DIRECTOR (THRU APRIL) 2.00 X 0 0 0 ED STOFKO PRESIDENT/CEO 40.00 X 213738 0 34201 MATT STOLLE VP-FINANCE/CFO 40.00 X 122948 0 26841 STEVE SENDON EXECUTIVE VP 40.00 X 134894 0 15993 471580 0 77035 3 0 1 0 ALKAMI TECHNOLOGY INC PO BOX 670397 DALLAS TX 75267 SUPPORT SERVICES 239611 JACK HENRY & ASSOCIATES 663 W HWY 60 MONETT MO 65708 SUPPORT SERVICES 214887 PRIME MARKETING 810 N WALLACE SUITE D BOZEMAN MT 59715 MARKETING 205569 MOMENTUM INC 2120 MARKET STREET SUITE 100 CAMP HILL PA 17011 MANAGEMENT CONSULTING 135431 BLACKFOOT COMMUNICATIONS PO BOX 16600 CAMP HILL PA 17011 MANAGEMENT CONSULTING 123665 6 INTEREST ON LOANS 522100 9438893 9438893 FEES AND CHARGES 522100 3587015 3587015 13025908 283319 283319 168960 -168960 -168960 -168960 INTEREST ON SERP 522100 149361 149361 18600 18600 167961 13308228 13193869 0 114359 17579 544113 4174108 354807 434318 367744 55616 53100 2183 816342 367652 533835 450932 105138 27648 107338 625407 59574 DIVIDENDS PAID TO MEMBE 976204 PROVISION-LOAN LOSSES 788500 LOAN SERVICING FEES 469371 CREDIT CARD & TRANSACTI 233446 194517 11759472 2593713 2232069 6808379 12519378 439371 555957 4912030 5060943 185373711 200474473 982513 708336 19476975 6613805 13372717 12863170 13776523 6871823 4044355 3496817 232303312 244782966 3452867 3513410 6738232 5460591 199493369 211818549 209684468 220792550 X 0 0 0 0 22618844 23990416 22618844 23990416 232303312 244782966 X 1548756 -177184 X X 0 1 X 1 0 3046535 3046535 12716435 3454106 9262329 70496 70496 0 2792282 2237976 554306 851227 851227 0 12863170 MEMBER DEPOSITS 211818549 211818549 X 13436675 128627 128627 13308048 180 180 13308228 12065098 305806 305806 11759292 180 180 11759472 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, 2018 OR 2017. INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS ARE RECOGNIZED BY THE CREDIT UNION AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2018 AND 2017, THE CREDIT UNION RECOGNIZED NO INTEREST AND PENALTIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET LOSS ON FORECLOSED AND REPOSSESSED ASSETS 128,627. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSE RECORDED AS REVENUE 180. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET LOSS ON FORECLOSED AND REPOSSESSED ASSETS 128,627. OTHER ADJUSTMENT NOT RECORDED ON CALL REPORT 177,179. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSE RECORDED AS REVENUE 180. 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 ED STOFKO PRESIDENT/CEO 209458 0 2048 0 2232 0 25152 0 9049 0 247939 0 0 0 STEVE SENDON EXECUTIVE VP 132825 0 2069 0 0 0 15993 0 0 0 150887 0 0 0 PART I, LINE 3 THE CEO'S COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE BOARD. PART I, LINE 4B NO CONTRIBUTIONS WERE MADE TO ED STOFKO'S SERP IN 2018. HOWEVER, THERE WAS AN INCREASE IN VALUE OF $148,913 IN THE VALUE. EDWARD STOFKO EMPLOYEE SPLIT-DOLLAR LIFE INSURANCE X 4300000 5060943 0 1 1 5060943 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. THERE IS ONLY ONE CLASS OF MEMBERSHIP AND THE REQUIRMENTS FOR MEMBERSHIP IS 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 15A 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 18 THE GENERAL PUBLIC IS ALLOWED TO VIEW THE FORM 990 AND ORGANIZATIONAL DOCUMENTS UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE GENERAL PUBLIC IS ALLOWED TO VIEW THE FORM 990 AND ORGANIZATIONAL DOCUMENTS UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER ADJUSTMENTS TO NET ASSETS -177,184. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.