VERIDIAN CREDIT UNION: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- VERIDIAN CREDIT UNION (EIN 42-1132695)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-10-03
- IRS object ID
- 201802769349300735
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-10-03T11:40:05-05:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 N HARRISON STREET SUITE 300 | AddressLine1Txt |
| City | DAVENPORT | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 528011999 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 421132695 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VERIDIAN CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VERI | BusinessNameControlTxt |
| Phone | 3192365600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1827 ANSBOROUGH AVENUE | AddressLine1Txt |
| City | WATERLOO | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 507013629 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEITH J MESCH | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 3192365600 | PhoneNum |
| Signature | 2018-09-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN J ROMANO | PreparerPersonNm |
| PTIN | P00227323 | PTIN |
| Phone | 5638884000 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 108.171.131.188 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-09-27 | IPDt |
| IP Tm | 09:30:07 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 9598185BFD222D4044500E25553BC2F67B4977B8 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 4B148E5B6D3C3E6F0EBB545C3B14CC366B69F201 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2018-06-14 16:35:46Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KEITH J MESCH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1827 ANSBOROUGH AVENUE | AddressLine1Txt |
| City | WATERLOO | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 507013629 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $267,668,283 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.VERIDIANCU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1934 | FormationYr |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE A VARIETY OF LOW OR NO COST SERVICES, LOW LOAN RATES, AND HIGHER SAVINGS RATES TO OUR MEMBERS, AND TO FULFILL OUR PHILOSOPHY OF "PEOPLE HELPING PEOPLE" BY PARTNERING WITH OUR MEMBERS TO CREATE SUCCESSFUL FINANCIAL FUTURES. OUR CURRENT FIELD OF MEMBERSHIP IS THE STATE OF IOWA, AS WELL AS 6 COUNTIES IN EASTERN NEBRASKA. | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 921 | TotalEmployeeCnt |
| Total Volunteers | 6 | TotalVolunteersCnt |
| Total Gross UBI | $823,389 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $357,422 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $112,309,930 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $132,961,915 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$672,719 | PYInvestmentIncomeAmt |
| CY Investment Income | $39,484 | CYInvestmentIncomeAmt |
| PY Other Revenue | $23,584,345 | PYOtherRevenueAmt |
| CY Other Revenue | $28,882,478 | CYOtherRevenueAmt |
| PY Total Revenue | $135,221,556 | PYTotalRevenueAmt |
| CY Total Revenue | $161,883,877 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $333,387 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $443,923 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $47,923,716 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $51,808,255 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $68,180,652 | PYOtherExpensesAmt |
| CY Other Expenses | $72,133,390 | CYOtherExpensesAmt |
| PY Total Expenses | $116,437,755 | PYTotalExpensesAmt |
| CY Total Expenses | $124,385,568 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $18,783,801 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $37,498,309 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,100,933,825 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,556,595,295 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,792,526,508 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,212,050,178 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $308,407,317 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $344,545,117 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO PROVIDE A VARIETY OF LOW OR NO COST SERVICES, LOW LOAN RATES, AND HIGHER SAVINGS RATES TO OUR MEMBERS, AND TO FULFILL OUR PHILOSOPHY OF "PEOPLE HELPING PEOPLE" BY PARTNERING WITH OUR MEMBERS TO CREATE SUCCESSFUL FINANCIAL FUTURES. OUR CURRENT FIELD OF MEMBERSHIP IS THE STATE OF IOWA, AS WELL AS 6 COUNTIES IN EASTERN NEBRASKA. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | VERIDIAN CREDIT UNION SERVED APPROXIMATELY 215,574 MEMBERS AT OUR CONVENIENT BRANCH LOCATIONS. VERIDIAN CREDIT UNION ADDED 28,626 NEW MEMBERSHIPS IN 2017. TOTAL LOANS AND DEPOSITS AT 12/31/2017 WERE 3,121,363,330 AND 3,049,770,924 RESPECTIVELY. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 77589 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 921 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEITH J MESCH | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3192366774 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1827 ANSBOROUGH AVENUE | AddressLine1Txt |
| City | WATERLOO | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 507013629 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| SCOTT ANDERSON | ||||||||
| FORMER BOARD OF DIRECTOR | 6.00 | Yes (X) | $0 | $0 | $0 | |||
| PAMELA AYRES | ||||||||
| BOARD OF DIRECTOR | 6.00 | Yes (X) | $288 | $0 | $0 | |||
| WILLIAM BOEVERS | ||||||||
| BOARD OF DIRECTOR | 6.00 | Yes (X) | $916 | $0 | $0 | |||
| ELIZABETH CAVEN | ||||||||
| BOARD OF DIRECTOR | 6.00 | Yes (X) | $0 | $0 | $0 | |||
| THOMAS DELONG | ||||||||
| BOARD OF DIRECTOR | 6.00 | Yes (X) | $635 | $0 | $0 | |||
| PAUL GENGLER | ||||||||
| BOARD OF DIRECTOR | 6.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMES KACHER | ||||||||
| BOARD OF DIRECTOR | 6.00 | Yes (X) | $0 | $0 | $0 | |||
| BOB KRESSIG | ||||||||
| BOARD OF DIRECTOR | 6.00 | Yes (X) | $0 | $0 | $0 | |||
| ASHLEY LINDLEY | ||||||||
| BOARD OF DIRECTOR | 6.00 | Yes (X) | $0 | $0 | $0 | |||
| TRACI MCBEE | ||||||||
| BOARD OF DIRECTOR | 6.00 | Yes (X) | $0 | $0 | $0 | |||
| JUSTINE PEEBLES | ||||||||
| BOARD OF DIRECTOR | 6.00 | Yes (X) | $1,834 | $0 | $0 | |||
| DAVID R SCHULTZ | ||||||||
| FORMER BOARD OF DIRECTOR | 6.00 | Yes (X) | $0 | $0 | $0 | |||
| GINGER SHIRLEY | ||||||||
| BOARD OF DIRECTOR | 6.00 | Yes (X) | $576 | $0 | $0 | |||
| DENNY SKELTON | ||||||||
| BOARD OF DIRECTOR | 6.00 | Yes (X) | $0 | $0 | $0 | |||
| CRESTON VAN WEY | ||||||||
| BOARD OF DIRECTOR | 6.00 | Yes (X) | $920 | $0 | $0 | |||
| NICK WATERS | ||||||||
| BOARD OF DIRECTOR | 6.00 | Yes (X) | $0 | $0 | $0 | |||
| GAYLEN WITZEL | ||||||||
| BOARD OF DIRECTOR | 6.00 | Yes (X) | $0 | $0 | $0 | |||
| MONTE BERG | ||||||||
| PRESIDENT/CEO | 50.00 | $673,690 | $0 | $57,453 | Yes (X) | |||
| RENEE CHRISTOFFER | ||||||||
| CHIEF ADMINISTRATION OFFIC | 50.00 | $314,429 | $0 | $42,891 | Yes (X) | |||
| DOUGLAS GILBERTSON | ||||||||
| CHIEF OPERATIONS OFFICER | 50.00 | $449,704 | $0 | $44,028 | Yes (X) | |||
| KEITH MESCH | ||||||||
| CHIEF FINANCIAL OFFICER | 50.00 | $228,419 | $0 | $47,192 | Yes (X) | |||
| CHRIS MCGOVERN | ||||||||
| MANAGER OF MORTGAGE LENDIN | 50.00 | $187,905 | $0 | $26,810 | Yes (X) | |||
| BRETT ENGSTROM | ||||||||
| VP - INFORMATION TECHNOLOGY | 50.00 | $151,805 | $0 | $36,985 | Yes (X) | |||
| LYNETTE GILBERTSON | ||||||||
| VP - BUSINESS SERVICES | 50.00 | $162,883 | $0 | $29,705 | Yes (X) | |||
| LORI HONERMANN | ||||||||
| MORTGAGE LOAN ORIGINATOR | 50.00 | $199,072 | $0 | $45,447 | Yes (X) | |||
| WILLIAM KALIANOV | ||||||||
| MANAGER OF COMMERCIAL LEND | 50.00 | $151,132 | $0 | $36,984 | Yes (X) | |||
| MARK KOPPEDRYER | ||||||||
| VP - BRANCHES | 50.00 | $160,155 | $0 | $39,153 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,684,363 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $406,648 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 46 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| THE REDMOND COMPANY | |||||
| W228 N745 WESTMOUND ROAD | WAUKESHA | WI | 53186 | DESIGN SERVICES | $4,473,343 |
| FISERV INC | |||||
| 75 REMITTANCE DR SUITE 1649 | CHICAGO | IL | 60675 | DATA PROCESSING | $2,948,924 |
| STOREY KENWORTHY | |||||
| 309 LOCUST ST | DES MOINES | IA | 50309 | SUPPLIES | $1,815,804 |
| FLYNN WRIGHT | |||||
| 1408 LOCUST STREET | DES MOINES | IA | 50309 | ADVERTISING AGENCY | $1,612,756 |
| NATIONAL BUSINESS SYSTEM | |||||
| 2919 W SERVICE RD | EAGAN | MN | 55121 | PRINTING & POSTAGE | $1,186,264 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 74 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST INCOME - LOANS TO MEMBER | 522100 | $111,949,107 | $111,949,107 | |
| FEES AND CHARGES | 522100 | $7,123,650 | $7,123,650 | |
| INTEREST INCOME - MEMBER INVESTME | 522100 | $5,965,547 | $5,965,547 | |
| ATM - POINT OF SALE | 522100 | $4,076,897 | $3,621,084 | $455,813 |
| SALE OF SERVICES | 522100 | $3,846,714 | $3,479,138 | $367,576 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $132,961,915 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $478,444 | TotalRevenueColumnAmt |
| Exclusion | $478,444 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $872,575 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $485,298 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $387,277 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $387,277 | TotalRevenueColumnAmt |
| Exclusion | $387,277 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $103,478,698 | SecuritiesAmt |
| Other | $1,381,450 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $103,259,505 | SecuritiesAmt |
| Other | $2,039,603 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $219,193 | SecuritiesAmt |
| Other | -$658,153 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$438,960 | TotalRevenueColumnAmt |
| Exclusion | -$438,960 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| VISA INTERCHANGE | 522100 | $16,587,444 | $16,587,444 |
| OVERDRAFT/NSF FEES | 522100 | $10,692,101 | $10,692,101 |
| MISCELLANEOUS INCOME | 900099 | $1,215,656 | $1,215,656 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $28,495,201 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $161,883,877 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $160,633,727 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $823,389 | UnrelatedBusinessRevenueAmt |
| Exclusion | $426,761 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $443,923 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,668,689 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,652,033 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,580,690 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,286,054 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,620,789 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $366,067 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $250,984 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $179,678 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $523,602 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,245,813 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,994,244 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,973,050 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,641,727 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $307,443 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $376,205 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,135,438 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,735,896 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,046 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| UNRELATED BUSINESS TAXE | $134,470 |
| PROVISION FOR LOAN LOSS | $11,910,714 |
| LOAN SERVICING | $6,536,699 |
| PAYMENT SYSTEMS | $5,844,824 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,928,490 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $124,385,568 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,646,775 | BOYAmt |
| EOY | $23,112,233 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,447,432 | BOYAmt |
| EOY | $31,885,890 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,826,245 | BOYAmt |
| EOY | $13,426,576 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $273,801 | BOYAmt |
| EOY | $336,569 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,508,288,184 | BOYAmt |
| EOY | $3,103,123,465 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,942,451 | BOYAmt |
| EOY | $4,468,969 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $93,885,631 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $33,047,034 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,433,234 | BOYAmt |
| EOY | $60,838,597 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $410,712,609 | BOYAmt |
| EOY | $282,478,547 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,363,094 | BOYAmt |
| EOY | $36,924,449 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,100,933,825 | BOYAmt |
| EOY | $3,556,595,295 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,724,973 | BOYAmt |
| EOY | $56,910,943 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,537,887 | BOYAmt |
| EOY | $3,718,310 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,900,355 | BOYAmt |
| EOY | $11,155,489 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $101,650,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,738,363,293 | BOYAmt |
| EOY | $3,038,615,436 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,792,526,508 | BOYAmt |
| EOY | $3,212,050,178 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $308,407,317 | BOYAmt |
| EOY | $344,545,117 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $308,407,317 | BOYAmt |
| EOY | $344,545,117 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,100,933,825 | BOYAmt |
| EOY | $3,556,595,295 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $37,498,309 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$300,122 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,060,387 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,281,495 | OtherCostOrOtherBasisAmt |
| Book Value | $10,281,495 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $46,431,637 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,264,260 | DepreciationAmt |
| Book Value | $33,167,377 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,944,741 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,131,776 | DepreciationAmt |
| Book Value | $1,812,965 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $27,158,332 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,650,998 | DepreciationAmt |
| Book Value | $8,507,334 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,069,426 | OtherCostOrOtherBasisAmt |
| Book Value | $7,069,426 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $60,838,597 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (7 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| BONDS - AVAILABLE FOR SALE | $165,459,892 | F |
| CORPORATE CREDIT UNIONS | $15,200,000 | C |
| CERTIFICATES OF DEPOSIT | $48,417,555 | C |
| FHLB OF DES MOINES | $7,788,200 | C |
| FCT ACCOUNT | $19,730,174 | F |
| CUSO & EQUITY INVESTMENTS | $6,118,365 | C |
| LOANS TO CUSO | $19,764,361 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $282,478,547 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| SHARE SAVINGS | $699,025,894 |
| SHARE DRAFT | $488,708,910 |
| MONEY MARKET | $586,664,902 |
| CERTIFICATES | $1,108,356,352 |
| IRA | $155,859,378 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,038,615,436 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | VERIDIAN CREDIT UNION COLLECTS AMOUNTS FROM MEMBERS WITH REAL ESTATE LOANS EACH MONTH VIA THEIR CONTRACTUAL PAYMENT SCHEDULE. THESE FUNDS ARE HELD IN ESCROW UNTIL THEY NEED TO BE DISBURSED IN ACCORDANCE WITH THE ESCROW INSTRUCTIONS FOR EACH MEMBER. AMOUNTS HELD IN ESCROW ARE FOR PROPERTY TAXES AND HOMEOWNER'S INSURANCE. |
| PART X, LINE 2: | THE CREDIT UNION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(14) OF THE INTERNAL REVENUE CODE AND SECTION 122 OF THE CREDIT UNION ACT. THE CREDIT UNION'S INSURANCE BROKERAGE SUBSIDIARY, HOWEVER, IS SUBJECT TO STATE AND FEDERAL INCOME TAXES. OPERATIONS OF THE SUBSIDIARY RESULTED IN NO INCOME TAXES FOR EITHER 2017 OR 2016. THE CREDIT UNION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC 740, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN, SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE CREDIT UNION MAY RECOGNIZE THE TAX BENEFITS FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE BEING MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. THIS STANDARD DID NOT HAVE AN IMPACT ON THE FINANCIAL STATEMENTS AND THE CREDIT UNION BELIEVES IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. THE CREDIT UNION RECOGNIZES INTEREST AND PENALTIES ON INCOME TAXES AS A COMPONENT OF INCOME TAX EXPENSE. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| COMMUNITY FOUNDATION OF NORTHEAST IOWA | |||||||
| 425 CEDAR STREET SUITE 310 | WATERLOO | IA | 50701 | 426060414 | 501(C)(3) | $73,500 | SUPPORT IN THE FOLLOWING AREAS: ART, COMMUNITY BETTERMENT, EDUCATION, ENVIRONMENT, HEALTH, HISTORIC PRESERVATION, AND HUMAN SCIENCE |
| OPERATION THRESHOLD | |||||||
| 1535 LAFAYETTE STREET PO BOX 4120 | WATERLOO | IA | 50704 | 420982549 | 501(C)(3) | $40,000 | GENERAL SUPPORT |
| CEDAR VALLEY UNITED WAY | |||||||
| 425 CEDAR STREET SUITE 300 | WATERLOO | IA | 50701 | 420801846 | 501(C)(3) | $28,500 | GENERAL SUPPORT |
| UNITED WAY OF EAST CENTRAL IOWA | |||||||
| 317 7TH AVENUE SE NO 401 | CEDAR RAPIDS | IA | 52401 | 420861239 | 501(C)(3) | $8,400 | GENERAL SUPPORT |
| GREATER CEDAR VALLEY ALLIANCE | |||||||
| 10 WEST 4TH STREET SUITE 310 | WATERLOO | IA | 50701 | 421241941 | 501(C)(6) | $25,000 | GENERAL SUPPORT |
| IOWA CREDIT UNION FOUNDATION | |||||||
| 1500 NW 118TH STREET | DES MOINES | IA | 50325 | 421438113 | 501(C)(3) | $10,000 | GENERAL SUPPORT |
| UNITED WAY OF CENTRAL IOWA | |||||||
| 1111 9TH STREET SUITE 1000 | DES MOINES | IA | 50314 | 420680425 | 501(C)(3) | $20,000 | GENERAL SUPPORT |
| UNITED WAY OF THE MIDLANDS | |||||||
| 2201 FARNAM STREET SUITE 200 | OMAHA | NE | 68102 | 470922285 | 501(C)(3) | $8,000 | GENERAL SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 7 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION ISSUES FUNDS TO BE USED AT THE RECIPIENT'S DISCRETION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MONTE BERG | ||||||||||||||
| PRESIDENT/CEO | $415,384 | $0 | $44,689 | $0 | $213,617 | $0 | $40,500 | $0 | $16,953 | $0 | $731,143 | $0 | $0 | $0 |
| RENEE CHRISTOFFER | ||||||||||||||
| CHIEF ADMINISTRATION OFFIC | $193,199 | $0 | $35,544 | $0 | $85,686 | $0 | $32,067 | $0 | $10,824 | $0 | $357,320 | $0 | $0 | $0 |
| DOUGLAS GILBERTSON | ||||||||||||||
| CHIEF OPERATIONS OFFICER | $231,188 | $0 | $36,301 | $0 | $182,215 | $0 | $38,018 | $0 | $6,010 | $0 | $493,732 | $0 | $0 | $0 |
| KEITH MESCH | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $174,292 | $0 | $35,234 | $0 | $18,893 | $0 | $30,239 | $0 | $16,953 | $0 | $275,611 | $0 | $0 | $0 |
| CHRIS MCGOVERN | ||||||||||||||
| MANAGER OF MORTGAGE LENDIN | $176,036 | $0 | $11,487 | $0 | $382 | $0 | $26,810 | $0 | $0 | $0 | $214,715 | $0 | $0 | $0 |
| BRETT ENGSTROM | ||||||||||||||
| VP - INFORMATION TECHNOLOGY | $131,207 | $0 | $20,345 | $0 | $253 | $0 | $20,815 | $0 | $16,170 | $0 | $188,790 | $0 | $0 | $0 |
| LYNETTE GILBERTSON | ||||||||||||||
| VP - BUSINESS SERVICES | $123,663 | $0 | $20,576 | $0 | $18,644 | $0 | $22,553 | $0 | $7,152 | $0 | $192,588 | $0 | $0 | $0 |
| LORI HONERMANN | ||||||||||||||
| MORTGAGE LOAN ORIGINATOR | $193,003 | $0 | $5,711 | $0 | $358 | $0 | $29,277 | $0 | $16,170 | $0 | $244,519 | $0 | $0 | $0 |
| WILLIAM KALIANOV | ||||||||||||||
| MANAGER OF COMMERCIAL LEND | $135,860 | $0 | $14,116 | $0 | $1,156 | $0 | $20,031 | $0 | $16,953 | $0 | $188,116 | $0 | $0 | $0 |
| MARK KOPPEDRYER | ||||||||||||||
| VP - BRANCHES | $139,356 | $0 | $20,524 | $0 | $275 | $0 | $22,200 | $0 | $16,953 | $0 | $199,308 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN IN 2017: MONTE BERG - $124,377, RENEE CHRISTOFFER - $59,985, DOUG GILBERTSON - $71,335, KEITH MESCH - $55,331, LYNN GILBERTSON - $21,014, AND MARK KOPPEDRYER - $20,620. THE DOLLAR AMOUNT REPRESENTS THE CURRENT YEAR CONTRIBUTION MADE BY VERIDIAN CREDIT UNION ON BEHALF OF THE INDIVIDUALS TO THE PLAN IN 2017. THIS INFORMATION IS INCLUDED IN DEFERRED COMPENSATION ON THE FORM 990, PART VII AND SCHEDULE J, PART II. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (9 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| MARK KOPPEDRYER | |||||||
| HIGHEST COMPENSATED EMPLOYEE | HOME EQUITY LOAN | Yes (X) | $120,000 | $72,662 | 0 | Yes (1) | Yes (1) |
| MARK KOPPEDRYER | |||||||
| HIGHEST COMPENSATED EMPLOYEE | INDIRECT NEW AUTO LOAN | Yes (X) | $25,630 | $2,831 | 0 | Yes (1) | Yes (1) |
| DOUGLAS GILBERTSON | |||||||
| OFFICER | USED AUTO LOAN | Yes (X) | $30,710 | $18,745 | 0 | Yes (1) | Yes (1) |
| MONTE BERG | |||||||
| OFFICER | HOME EQUITY LOAN | Yes (X) | $165,000 | $55,499 | 0 | Yes (1) | Yes (1) |
| MONTE BERG | |||||||
| OFFICER | NEW AUTO LOAN | Yes (X) | $29,660 | $11,902 | 0 | Yes (1) | Yes (1) |
| KEITH MESCH | |||||||
| OFFICER | USED AUTO LOAN | Yes (X) | $16,500 | $616 | 0 | Yes (1) | Yes (1) |
| CHRISTOPHER MCGOVERN | |||||||
| OFFICER | INDIRECT NEW AUTO LOAN | Yes (X) | $28,060 | $19,866 | 0 | Yes (1) | Yes (1) |
| CHRISTOPHER MCGOVERN | |||||||
| OFFICER | REAL ESTATE LOAN | Yes (X) | $210,000 | $149,961 | 0 | Yes (1) | Yes (1) |
| LYNETTE GILBERTSON | |||||||
| HIGHEST COMPENSATED EMPLOYEE | USED AUTO LOAN | Yes (X) | $6,000 | $4,487 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $336,569 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | DOUG GILBERTSON AND LYNN GILBERTSON HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 6 | VERIDIAN CREDIT UNION IS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE THAT IS OWNED BY ITS MEMBERS. VERIDIAN CREDIT UNION MEMBERSHIP IS OPEN TO PERSONS LIVING OR WORKING IN IOWA, AS WELL AS 6 EASTERN COUNTIES IN NEBRASKA. EMPLOYEES OF THE CREDIT UNION'S BUSINESS PARTNERS ARE ALSO ELIGIBLE FOR VERIDIAN CREDIT UNION MEMBERSHIP. REGISTERED USERS OF DWOLLA ARE ALSO ELIGIBLE FOR VERIDIAN CREDIT UNION MEMBERSHIP. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER OF VERIDIAN CREDIT UNION IS AN EQUAL OWNER OF THE CREDIT UNION. EACH MEMBER HAS ONE VOTE IN THE ELECTION OF THE BOARD OF DIRECTORS, REGARDLESS OF HOW MUCH MONEY THEY HAVE ON DEPOSITS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FOLLOWING TYPES OF DECISIONS OF THE GOVERNING BODY OF VERIDIAN CREDIT UNION ARE SUBJECT TO APPROVAL BY ITS MEMBERS: CHANGE IN ARTICLES OF INCORPORATION, MERGER, CHANGE TO THE CREDIT UNION BY-LAWS, CHANGE IN CHARTER STATUS, ELECTION/REMOVAL OF MEMBERS OF THE BOARD, AND DISSOLUTION OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 AND ALL THE REQUIRED SCHEDULES ARE REVIEWED EACH YEAR BY THE CONTROLLER. AMOUNTS REPORTED ON THE 990 ARE SUPPORTED WITH VARIOUS WORK PAPERS CONTAINING INFORMATION OBTAINED FROM THE GENERAL LEDGER ACCOUNTING SOFTWARE AND PAYROLL PROCESSOR. THE CONTROLLER REVIEWS ALL WORK PAPERS TO ENSURE AMOUNTS REPORTED ON THE FORM 990 ARE PROPER. AFTER THE REVIEW, ANY QUESTIONS OR COMMENTS ARE SUBMITTED TO THE PREPARER FOR RESPONSES, AND THEN ANOTHER REVIEW OF THOSE ITEMS IS COMPLETED UNTIL ALL QUESTIONS AND COMMENTS ARE RESOLVED. THE COMPLETED FORM 990 WILL BE FILED ELECTRONICALLY WITH THE IRS AND IS POSTED TO THE VERIDIAN'S BOARD EXTRANET FOR THE BOARD MEMBERS TO REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C | VERIDIAN CREDIT UNION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY AS FOLLOWS: THE VERIDIAN CONFLICT OF INTEREST POLICY REQUIRES ANNUAL DISCLOSURE STATEMENTS TO BE SIGNED BY THE BOARD OF DIRECTORS AND SUBMITTED TO THE CFO OR BOARD CHAIR WITHIN 30 DAYS OF JANUARY 1 OF EACH YEAR. ANY APPARENT CONFLICT OF INTEREST SHALL BE RESOLVED BY THE CFO AND/OR AUDIT COMMITTEE WITH THE INDIVIDUAL. VERIDIAN'S BOARD OF GOVERNANCE COMMITTEE ALSO OVERSEES THIS BOARD POLICY. THE INTERNAL AUDIT STAFF MONITORS COMPLIANCE WITH ALL POLICIES. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PROCESS OF DETERMINING COMPENSATION FOR ALL EMPLOYEES OF THE CREDIT UNION, INCLUDING THE CEO AND OTHER KEY EMPLOYEES IS AS FOLLOWS: AN OUTSIDE, THIRD PARTY CONSULTANT IS ENGAGED TO HELP DETERMINE THE PAY SCALE AND MERIT INCREASES. THE CONSULTANTS PERFORM MARKET SURVEYS EACH YEAR FOR EACH OF OUR REGIONS TO DETERMINE IF ANY CHANGES NEED TO BE MADE TO THE PAY RANGES. VERIDIAN CREDIT UNION'S BOARD OF DIRECTORS APPROVE THE RANGE ADJUSTMENTS. |
| FORM 990, PART VI, SECTION C, LINE 19 | VERIDIAN CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED MONTHLY AT ALL BRANCH LOCATIONS. |
| FORM 990, PART XI, LINE 9: | CHANGE IN FUNDED STATUS OF RETIREMENT PLAN -1,060,387. |
| FORM 990, PART XII, LINE 2C: | THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| VERIDIAN FISCAL SOLUTIONS LLC | |||||||||
| 1827 ANSBOROUGH AVENUE | WATERLOO | IA | 50701 | 471335117 | PAYROLL SERVICES | IA | $337,122 | $20,400,064 | THE VERIDIAN GROUP INC |
| MEMBERS INSURANCE SERVICES LLC | |||||||||
| 1827 ANSBOROUGH AVENUE | WATERLOO | IA | 50701 | 421277528 | INSURANCE SERVICES | IA | -$305,392 | $1,619,995 | MEMBERS INSURANCE INC |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| THE VERIDIAN GROUP INC | |||||||||||||
| 1827 ANSBOROUGH AVENUE | WATERLOO | IA | 50701 | 421263291 | INSURANCE AND PAYROLL PROCESSING | IA | VERIDIAN CREDIT UNION | C | -$564,384 | $3,949,938 | 1.00000 | Yes (1) | |
| MEMBERS INSURANCE INC | |||||||||||||
| 1827 ANSBOROUGH AVENUE | WATERLOO | IA | 50701 | 421277528 | HOLDING COMPANY | IA | C | 0 | N/A | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| THE VERIDIAN GROUP INC | ||
| A | $62,928 | FAIR MARKET VALUE |
| THE VERIDIAN GROUP INC | ||
| B | $580,000 | FAIR MARKET VALUE |
| THE VERIDIAN GROUP INC | ||
| L | $130,127 | FAIR MARKET VALUE |