2018-11-12T13:14:42-06:00 2017-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2017-01-01 420190489 COLLINS COMMUNITY CREDIT UNION COLL 3193939000 PO BOX 10500 CEDAR RAPIDS IA 52410 BENJAMIN WICKUM CHIEF FINANCIAL OFFICER 3193939000 2018-11-12 1 JOSEPH A ZITO CPA P00648440 2482443000 64.95.240.2 2018-11-12 09:57:30 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7DB26C3BB201601930FCFA0C4651552B54C26A2 2017 2019-02-21 02:37:17Z STEFANIE RUPERT PO BOX 10500 CEDAR RAPIDS IA 52410 61016183 0 X WWW.COLLINSCU.ORG X 1940 MI OUR MISSION IS TO DEVOTE OURSELVES TO FINANCIAL SUCCESS FOR ALL. 9 9 382 9 112685 -39455 0 0 46317258 54481257 3652942 2990142 115129 112685 50085329 57584084 0 0 0 0 19331478 20687522 0 0 0 27372755 30409300 46704233 51096822 3381096 6487262 1082005142 1086497827 993757907 990695001 88247235 95802826 OUR MISSION IS TO DEVOTE OURSELVES TO FINANCIAL SUCCESS FOR ALL. 0 0 FINANCIAL DEPOSIT, LOAN AND SERVICE ACCOUNTS. 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 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 42545 0 1 382 1 1 1 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 0 X FINANCE DEPARTMENT - COLLINS CCU 3193939000 PO BOX 10500 CEDAR RAPIDS IA 52410 MARSHA SCHULTE DIRECTOR 1.00 X 1431 0 0 PETER SEYFER DIRECTOR 1.00 X 2571 0 0 WILLIAM KOOISTRA DIRECTOR 1.00 X 1464 0 0 TOM MANOR DIRECTOR 1.00 X 1233 0 0 LISA THOMPSON DIRECTOR 1.00 X 1464 0 0 KARL CASSELL DIRECTOR 1.00 X 1233 0 0 JON BUSE DIRECTOR 1.00 X 1233 0 0 DEKE MORROW DIRECTOR 1.00 X 1233 0 0 SUE NELSON DIRECTOR 1.00 X 1464 0 0 JENNIFER RUPPERT DIRECTOR 1.00 X 1207 0 0 STEFANIE RUPERT PRESIDENT/CEO 40.00 X 436218 0 39965 BENJAMIN WICKUM CFO 40.00 X 206852 0 24847 JACK EMKES SENIOR VP 40.00 X 249160 0 38970 SCOTT FROST CHIEF LENDING OFFICER 40.00 X 176422 0 31430 JOHN LEWIS VP/IT AND FACILITIES 40.00 X 157777 0 29707 DANA GOSHON MORTGAGE LOAN OFFICER 40.00 X 212661 0 35925 AMBER MATSON MORTGAGE LOAN OFFICER 40.00 X 189137 0 33539 THOMAS AXVIG MORTGAGE LOAN OFFICER 40.00 X 175330 0 30338 SANDRA VAUGHAN SENIOR VP 40.00 X 159443 0 21648 BRUCE TAYLOR VP CONSUMER LENDING 40.00 X 133813 0 21377 2111346 0 307746 26 0 1 0 FISERV 75 REMITTANCE DRIVE STE 6974 CHICAGO IL 606756974 CORE PROCESSOR 5368228 ICI CONSULTING 6933 HECTOR ROAD MCLEAN VA 22101 CONSULTING 4301626 PLAID SWAN 2728 ASBURY RD COVE BLDG STE 650 DUBUQUE IA 52001 MARKETING 755352 LENDERS PROTECTION 901 S MOPAC EXPRESSWAY BLDG ONE SU AUSTIN TX 78746 LOAN SERVICING 655759 THE MEMBERS GROUP PO BOX 10409 DES MOINES IA 50306 CO-OP FINANCIAL SERVICES 613150 30 INCOME ON LOANS 522100 38989783 38989783 FEES/CHARGES/OTHER INCOME 522100 15491474 15491474 54481257 2930289 2930289 3491952 3432099 59853 59853 59853 NON MEMBER ATM INCOME 900099 112685 112685 112685 57584084 54541110 112685 2930289 1405791 14664149 1791447 1633821 1192314 159508 80077 1592832 1199557 2747820 1622889 1278888 49630 10772 10109672 178085 1744079 194102 LOAN SERVICING 2593839 PROVISION FOR LOAN LOSS 2544628 DEBIT AND CREDIT EXPENS 1935676 ATM EXPENSES 861172 1506074 51096822 7958289 8942167 83394864 56502330 1653820 1811463 5427574 7861056 859340925 953374140 2655020 3983710 32126308 15326937 16078677 16799371 68049928 14571625 17701319 5938512 19744726 16713453 1082005142 1086497827 18888826 15592835 72000000 25000000 902869081 950102166 993757907 990695001 X 0 0 0 0 88247235 95802826 88247235 95802826 1082005142 1086497827 X 6487262 -1355205 2423534 X X 0 1 X 1 0 4614825 4614825 15558641 6710819 8847822 2798011 1595713 1202298 9154831 7020405 2134426 16799371 SHARE ACCOUNTS 152711293 MONEY MARKET ACCOUNTS 194524361 IRA 8191196 SHARE DRAFT ACCOUNTS 179736358 CD AND IRA CD 414938958 950102166 X 57584084 0 57584084 0 57584084 51096822 0 51096822 0 51096822 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE (IRC SECTION 501(C)14), FROM FEDERAL AND STATE INCOME TAXES. THE CUSO IS ORGANIZED AS A LIMITED LIABILITY COMPANY (LLC) AND AS A SINGLE-OWNER LLC AND IS CONSIDERED A DISREGARDED ENTITY FOR TAX PURPOSES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES THEY HAVE DEEMED TAXABLE. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2017 AND 2016. THE CREDIT UNION'S 2014 THROUGH 2017 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. X X 1 1 X X X 0 0 0 STEFANIE RUPERT PRESIDENT/CEO 308653 0 112499 0 15066 0 24300 0 15665 0 476183 0 0 0 BENJAMIN WICKUM CFO 172030 0 34286 0 536 0 17689 0 7158 0 231699 0 0 0 JACK EMKES SENIOR VP 144403 0 104313 0 444 0 22903 0 16067 0 288130 0 0 0 SCOTT FROST CHIEF LENDING OFFICER 142382 0 33589 0 451 0 16751 0 14679 0 207852 0 0 0 JOHN LEWIS VP/IT AND FACILITIES 130983 0 26180 0 614 0 13640 0 16067 0 187484 0 0 0 DANA GOSHON MORTGAGE LOAN OFFICER 78383 0 134207 0 71 0 19858 0 16067 0 248586 0 0 0 AMBER MATSON MORTGAGE LOAN OFFICER 50735 0 138326 0 76 0 17472 0 16067 0 222676 0 0 0 THOMAS AXVIG MORTGAGE LOAN OFFICER 53940 0 121331 0 59 0 15382 0 14956 0 205668 0 0 0 SANDRA VAUGHAN SENIOR VP 129604 0 29248 0 591 0 14490 0 7158 0 181091 0 0 0 BRUCE TAYLOR VP CONSUMER LENDING 109647 0 23680 0 486 0 12338 0 9039 0 155190 0 0 0 PART I, LINE 4 STEFANIE RUPERT (CEO) PARTICIPATES IN A 457(B) RETIREMENT PLAN TO WHICH SHE DEFERRED $14,113 IN 2017. RICK BENHART CEO TO FUND LIFE INSURANCE POLICY X 1702528 2270038 0 1 1 RICK BENHART CEO TO FUND LIFE INSURANCE POLICY X 392000 588000 0 1 1 STEFANIE RUPERT COO TO FUND LIFE INSURANCE POLICY X 649206 865608 0 1 1 STEFANIE RUPERT COO TO FUND LIFE INSURANCE POLICY X 226350 339525 0 1 1 JOHN LEWIS IT DIRECTOR TO FUND LIFE INSURANCE POLICY X 223300 446600 0 1 1 SCOTT FROST CHIEF LENDING OFFICER TO FUND LIFE INSURANCE POLICY X 455624 683436 0 1 1 SANDRA VAUGHAN SENIOR VP TO FUND LIFE INSURANCE POLICY X 395686 593529 0 1 1 BRUCE TAYLOR CONSUMER LENDING DIRECTOR TO FUND LIFE INSURANCE POLICY X 379640 569460 0 1 1 JACK EMKES SENIOR VP TO FUND LIFE INSURANCE POLICY X 644393 966590 0 1 1 BEN WICKUM CFO TO FUND LIFE INSURANCE POLICY X 358847 538270 0 1 1 7861056 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: (A) NAME OF PERSON: RICHARD BENHART(B) RELATIONSHIP WITH ORGANIZATION: PRESIDENT/CEO(C) PURPOSE OF LOAN: INSURANCE PREMIUM(A) NAME OF PERSON: STEFANIE RUPERT(C) PURPOSE OF LOAN: INSURANCE PREMIUM(A)NAME OF PERSON: RICHARD BENHART(B)RELATIONSHIP WITH ORGANIZATION: PRESIDENT/CEO(C)PURPOSE OF LOAN: INSURANCE PREMIUM(A) NAME OF PERSON: STEFANIE RUPERT(C) PURPOSE OF LOAN: INSURANCE PREMIUM(A)NAME OF PERSON: SCOTT FROST(B)RELATIONSHIP WITH ORGANIZATION: CHIEF LENDING OFFICER(C)PURPOSE OF LOAN: INSURANCE PREMIUM{A)NAME OF PERSON: SANDRA VAUGHAN(B)RELATIONSHIP WITH ORGANIZATION: SENIOR VICE PRESIDENT(C)PURPOSE OF LOAN: INSURANCE PREMIUM{A) NAME OF PERSON: JACK EMKES{B) RELATIONSHIP WITH ORGANIZATION: SENIOR VICE PRESIDENT{C) PURPOSE OF LOAN: INSURANCE PREMIUM(A)NAME OF PERSON: BEN WICKUM(B)RELATIONSHIP WITH ORGANIZATION: CHIEF FINANCIAL OFFICER(C)PURPOSE OF LOAN: INSURANCE PREMIUM FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS INTERNAL AND EXTERNAL MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP ELECTS THE BOARD MEMBERS AT THE CREDIT UNION'S ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE THE RIGHTS AND THE RESPONSIBILITY TO APPROVE THE ORGANIZATION'S MINUTES DURING THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM WILL BE REVEIWED BY THE PRESIDENT/CEO. FORM 990, PART VI, SECTION B, LINE 12C ALL NEW EMPLOYEES AND BOARD OF DIRECTORS MUST READ AND SIGN A CREDIT UNION BRIBERY POLICY THAT OUTLINES EMPLOYEE AND DIRECTOR CODE OF CONDUCT AND REQUIRES DISCLOSURE OF ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S PERFORMANCE IS REVIEWED ANNUALLY BY THE BOARD. THE BOARD THEN SETS A REASONABLE COMPENSATION FOR THE CEO BASED ON HIS PERFORMANCE REVIEW. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS THEN DETERMINED BY THE CEO BASED ON PERFORMANCE REVIEWS AND COMPETITORS COMPARISONS. THE CEO USES CREDIT UNION NATIONAL ASSOCIATION (CUNA) WAGES SURVEYS, OTHER MARKET SURVEYS AND 990 REPORTS FROM COMPARABLE ORGANIZATIONS WHEN DETERMINING COMPENSATION OF THE OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION RELEASES ITS ANNUAL FINANCIAL STATEMENTS TO ALL OF ITS MEMBERS AND EMPLOYEES AT THE ANNUAL MEETING. THE ORGANIZATION'S ANNUAL REPORT AS WELL AS A COPY OF THE MOST UPDATED CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS IS AVAILABLE TO MEMBERS AND THE PUBLIC UPON REQUEST FORM 990, PART XI, LINE 9: RECLASSIFICATION FOR GAINS INCLUDED IN NET INCOME - INVESTMENTS 1,053,461. RECLASSIFICATION FOR LOSSES INCLUDED IN NET INCOME - DEFINED BENEFIT PLAN 271,568. UNREALIZED GAIN INCURRED DURING THE PERIOD - DEFINED BENEFIT PLAN 1,283,145. UNREALIZED LOSS INCURRED DURING THE PERIOD - POSTRETIREMENT PLAN -186,386. RECLASSIFICATION FOR LOSSES INCLUDED IN NET INCOME - POSTRETIREMENT PLAN 1,746. FORM 990, PART XII, LINE 2C: THE CREDIT UNION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 1150 PROPERTIES LLC 1150 42ND ST NE CEDAR RAPIDS IA 52402 420190489 PROPERTY MANAGEMENT, SERVICES FOR SELECT PROPERTIES IA 0 10631 COLLINS COMMUNITY CU