2019-11-15T17:52:31-06:00 2018-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2018-01-01 440544335 MAZUMA CREDIT UNION MAZU 8163614194 7260 W 135TH STREET OVERLAND PARK KS 66223 JUSTIN MOUZOUKOS CFO 9135745221 2019-11-15 1 DOUGLAS J ORTH P01076394 3052328272 64.95.240.2 2019-11-15 14:09:00 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7DB26C3BB201601930FCFA0C4651552B54C26A2 2018 2020-03-31 21:24:44Z BRANDON MICHAELS 7260 W 135TH STREET OVERLAND PARK KS 66223 45897229 0 1984 X WWW.MAZUMA.ORG X 1949 MO A NON-FOR-PROFIT CREDIT UNION SERVING THE COMMUNITIES OF CASS, JACKSON AND CLAY COUNTIES IN MISSOURI AND JOHNSON AND WYANDOTTE COUNTIES IN KANSAS. 9 9 188 13 239742 0 0 0 36816848 44050025 1684065 1847204 0 0 38500913 45897229 46000 30000 0 0 12936837 13322720 0 0 0 21010326 24369470 33993163 37722190 4507750 8175039 626946132 661118286 570806656 596993733 56139476 64124553 A NON-FOR-PROFIT CREDIT UNION SERVING THE COMMUNITIES OF CASS, JACKSON AND CLAY COUNTIES IN MISSOURI AND JOHNSON AND WYANDOTTE COUNTIES IN KANSAS. 0 0 FINANCIAL INSTITUTION DEPOSIT SERVICES FOR 64,650 MEMBER OWNERS. PROVIDER CREDIT AND LOAN SERVICES FOR 29,250 MEMBER OWNERS. PROVIDING FINANCIAL TRANSACTION SERVICES FOR 29,737 MEMBERS. 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 1 1 1 0 1 11579 0 1 188 1 1 1 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 0 1 1 1 0 X JUSTIN MOUZOUKOS 9135745221 7260 W 135 STREET OVERLAND PARK KS 66223 JEFF WESTMEYER BOD/TREASURER 1.00 X 0 0 0 BOB DURBIN BOD MEMBER 1.00 X 0 0 0 CARLA JOHNSON BOD/SECRETARY 1.00 X 0 0 0 IKE NWABUONWU V. CHAIRPERSON 1.00 X 0 0 0 RUSS PETRY CHAIRPERSON 1.00 X 0 0 0 JOHN LATHROP BOD MEMBER 1.00 X 0 0 0 MATTHEW CATES BOD MEMBER 1.00 X 0 0 0 TINA FRYMER BOD MEMBER 1.00 X 0 0 0 ALAN SCHUMACHER BOD MEMBER 1.00 X 0 0 0 BRANDON MICHAELS CEO 40.00 X 383890 0 16995 JUSTIN MOUZOUKOS CFO 40.00 X 218121 0 14308 DAN ENGELHARD CLO 40.00 X 194452 0 25781 DEONNE CHRISTENSEN INTERIM CEO 40.00 X 207709 0 22779 BRAD REIN CIO 45.00 X 207475 0 26689 MICHELLE WOOD CCO 45.00 X 178648 0 24094 JOHN BROWN VP OF TECHNOLOGY 40.00 X 167658 0 13857 1557953 0 144503 12 0 1 0 LEVEL 5 LLC 2018 POWERS FERRY ROAD SE SUITE 750 ATLANTA GA 30339 CONSTRUCTION 1811005 AETNA PO BOX 804735 CHICAGO IL 60680 HEALTH INSURANCE 1536603 TRUHOME SOLUTIONS 9601 LEGLER ROAD LENEXA KS 66219 MORTGAGE OPERATIONS 855349 DIEBOLD NIXDORF INC PO BOX 643543 PITTSBURGH PA 15264 ATM MANAGEMENT 620651 MODE 3 4400 COLLEGE BLVD LEAWOOD KS 66211 SOFTWARE DEVELOPMENT 452063 11 INCOME ON LOANS 522100 27350271 27350271 SERVICE FEES/OTHER 522100 16460012 16460012 NON MEMBER ATM FEE INCOME 522299 239742 239742 44050025 1847204 1847204 45897229 45657487 239742 0 X 30000 633314 10085202 363820 1650687 589697 1408590 200786 119816 115677 1294502 1189210 992112 491010 868641 27199 151565 5040777 119063 1818215 217192 PROVISION FOR LOAN LOSS 4193784 LOAN SERVICING 1951916 MAINTENANCE AND REPAIRS 1731699 DEBIT/CREDIT CARD EXPEN 1024058 1413658 37722190 5105757 6030545 18791515 50357812 12885901 10485627 3011976 3035608 470708449 484321792 664442 721455 36591722 8811327 27169830 27780395 56586141 45125774 4929000 4993765 27093121 28265513 626946132 661118286 11158685 8007437 48000000 60000000 511647971 528986296 570806656 596993733 X 0 0 0 0 56139476 64124553 56139476 64124553 626946132 661118286 X 8175039 -403608 213646 X X 0 1 X 1 0 6452989 6452989 21219645 4025229 17194416 781256 361999 419257 8137832 4424099 3713733 27780395 SHARE DRAFTS 91946887 REGULAR SHARES 132558917 MONEY MARKET 161922387 IRA SHARES 38166803 CERTIFICATES 103537137 NON MEMBER DEPOSITS 854165 528986296 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. AS OF DECEMBER 31, 2018 AND 2017, THE CREDIT UNION BELIEVES IT DID NOT ENGAGE IN ANY UNRELATED BUSINESS ACTIVITIES AND THEREFORE, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBIT MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED NO LIABILITY EXISTS FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE. AS SUCH, THE CREDIT UNION HAS NOT FILED TAX RETURNS FOR REPORTING UBIT-RELATED INCOME FOR TAX YEARS SUBSEQUENT TO DECEMBER 31, 2009. THE IRS AND STATE, WHERE APPLICABLE, HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR YEARS IN WHICH NO TAX RETURN WAS FILED. MANAGEMENT HAS DETERMINED THAT THE FINANCIAL IMPACT, IF ANY, OF NOT FILING UBIT-RELATED INCOME TAX RETURNS WOULD NOT BE MATERIAL TO THE CREDIT UNION'S CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017. 1 COMMUNITY LINC 431506591 501(C)(3) 10000 HISPANIC BUSINESSES 1 PART I, LINE 2 THE MAZUMA FOUNDATION ONLY ISSUES GRANTS TO 501(C)(3) ORGANIZATIONS THAT FUNCTION TO ACHIEVE SUCCESSES IN ONE OR MORE OF OUR THREE PILLARS OF CORPORATE SOCIAL RESPONSIBILITY: EDUCATION, THE ARTS, OR COMMUNITY DEVELOPMENT. X 1 1 X X X X X 0 1 0 BRANDON MICHAELS CEO 224641 0 82690 0 76559 0 0 0 16995 0 400885 0 0 0 JUSTIN MOUZOUKOS CFO 169231 0 42242 0 6648 0 0 0 14308 0 232429 0 0 0 DAN ENGELHARD CLO 148819 0 36078 0 9555 0 0 0 25781 0 220233 0 0 0 DEONNE CHRISTENSEN INTERIM CEO 169156 0 38503 0 50 0 0 0 22779 0 230488 0 0 0 BRAD REIN CIO 164616 0 42859 0 0 0 0 0 26689 0 234164 0 0 0 MICHELLE WOOD CCO 134615 0 34297 0 9736 0 0 0 24094 0 202742 0 0 0 JOHN BROWN VP OF TECHNOLOGY 127059 0 22793 0 17806 0 0 0 13857 0 181515 0 0 0 PART I, LINE 4B THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO THE CEO, BRANDON MICHAELS THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." AT SPECIFIED TIMES, THE PARTICIPANT MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST, PLUS KEY-PERSON INSURANCE PROCEEDS. BRANDON MICHAELS CEO TO FUND LIFE INSURANCE POLICY X 3000000 3035608 0 1 1 3035608 FORM 990, SCH L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." ALTHOUGH THE IRS REQUIRES REPORTING IN PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANT NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANT MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. FORM 990, PART VI, SECTION A, LINE 6 EVERY INDIVIDUAL THAT HAS DEPOSIT OF 1.00 IN THE CREDIT UNION HAS OWNERSHIP OF 1 VOTING SHARE OF THE ORGANIZATION AND MY VOTE ON THE ELECTION OF BOARD MEMBERS. NO MEMBER HAS MORE THAN 1 VOTING SHARE, REGARDLESS OF THE TOTAL AMOUNT OF DEPOSITS IN THAT MEMBER'S ACCOUNT. WE HAVE APPOXIMATELY 64,650 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION IS RUN BY A BOARD OF DIRECTORS MADE UP OF ORGANIZATION MEMBERS THAT WERE VOTED IN BY ALL OTHER MEMBERS OF THE ORGANIZATION. 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 SUBJET TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE VP/CFO PROVIDES INPUT INTO THE PREPARATION OF THE 990 AND 990T AND REVIEWS THE RETURNS PRIOR TO FILING. THE CEO ALSO REVIEWS THE 990 AND 990T RETURNS PRIOR TO FILING. THEN, THE CEO REPORTS THE FILING OF THE 990 AND 990T TO THE BOARD AND MAKES THE RETURNS AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE OBTAINED EACH YEAR FROM MANAGEMENT, THE BOARD OF DIRECTORS, AND THE SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS BASED UPON CONTRACT AND REACHING PREDETERMINED BENCHMARKS. ALL OTHER PAID EMPLOYEES ARE BASED UPON A STANDARD SALARY GRID AND ANNUAL REVIEW PROCESS. BONUSES, IF ANY, ARE PAID BASED UPON SUCCESSFUL COMPLETION OF MAJOR PROJECTS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN BRANCH LOBBIES. POLICIES ARE AVAILABLE BASED UPON REQUEST AND FOLLOWING SPECIFIED PROCEDURES. FORM 990, PART IX, LINE 24E MISC. EXPENSES 658,722. CHECK/CORP/BANK FEES/CHARGES 441,135. ATM FEES/CHARGES 152,553. TRAINING 73,446. OREO SOLD MORTGAGE 44,341. SHARED BRANCHING 43,461. FORM 990, PART XI, LINE 9: ACCUMULATED UNREALIZED NET GAINS (LOSSES) ON CASH FLOW HEDGES 213,646. 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. 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