2018-10-27T10:33:56-05:00 2017-12-31 431887384 STEPHEN LANG & ASSOCIATES LLC 14323 S OUTER 40 STE N205 CHESTERFIELD MO 63017 990 2017-01-01 430739854 VANTAGE CREDIT UNION VANT 3142980055 4020 FEE FEE ROAD BRIDGETON MO 630442708 ERIC V ACREE PRESIDENT & CEO 3142980055 2018-10-27 1 STEPHEN LANG P01203453 3142058601 97.87.82.114 2018-10-27 10:33:33 CD P 8C7C43951168CF45788263B15885B9037C681A73 DF81630E7C01E54DA6D3CC5C7C1702BCCB5963A3 2017 2018-06-14 16:35:46Z ERIC V ACREE 4020 FEE FEE ROAD BRIDGETON MO 630442708 50549068 0 X WWW.VCU.COM X 1957 MO ENHANCING YOUR LIFE, STRENGTHENING OUR COMMUNITY 7 7 359 13 449182 -650537 0 0 48481675 47144314 1747508 2797935 0 138616 50229183 50080865 20000 20000 0 0 20617778 19789314 0 0 0 28633087 27283774 49270865 47093088 958318 2987777 827463415 838359819 769546695 782874357 57916720 55485462 X ENHANCING YOUR LIFE, STRENGTHENING OUR COMMUNITY 1 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 89,343 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2017, THERE WERE 52,342 LOANS OUTSTANDING TOTALING $475,705,280. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $2,819,071 FOR THE YEAR. 0 0 1 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 14455 0 1 359 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 X DOUGLAS E RUCKMAN 3142980055 4020 FEE FEE ROAD BRIDGETON MO 630442708 DR JERRY EICHHOLZ CHAIRMAN 1.00 X 0 0 0 DR WILLIAM SOLOMON VICE CHAIRMAN 1.00 X 2399 0 0 MARK RUDOLPH SECRETARY/TREASURER 1.00 X 1233 0 0 DANIEL BOYLE DIRECTOR 1.00 X 0 0 0 TONI MARTIN DIRECTOR 1.00 X 0 0 0 DR PAUL T ZIEGLER DIRECTOR 1.00 X 6467 0 0 DR WALTER OWEN DIRECTOR 1.00 X 3494 0 0 ERIC V ACREE PRESIDENT & CEO 40.00 X 339999 0 62685 DOUGLAS E RUCKMAN CHIEF FINANCIAL OFFICER 40.00 X 172998 0 44457 JOHN M HOPKINS CHIEF RISK OFFICER 40.00 X 135465 0 39865 KATHLEEN J PALMER CHIEF MEMBER EXPERIENCE OFFICER 40.00 X 146187 0 40653 JERRY E BECKLEY II CHIEF TECHNOLOGY OFFICER 40.00 X 78957 0 20182 JAMES M COCHRAN VICE PRESIDENT, MEMBER EXPERIENCE 40.00 X 130227 0 23909 MICHAEL R GATRELL PRESIDENT/CEO-MEMBERS RESOURCE(CURRENT) 40.00 X 107480 0 36640 CINDY A HARBISON PRESIDENT/CEO-MEMBERS RESOURCE(RETIRED) 40.00 X 81886 0 13639 RANDAL T YECK EXECUTIVE VICE PRESIDENT(RETIRED) 40.00 X 106778 0 18444 TOBY D RAGAINI EXECUTIVE VICE PRESIDENT(TERMINATED) 40.00 X 49837 0 14449 CARLOS D GILES DIRECTOR, INFRASTRUCTURE 40.00 X 108000 0 32574 1471407 0 347497 8 0 1 0 VXCHNGE PO BOX 825534 PHILADELPHIA PA 19182 DATA STORAGE - DISASTER RECOVERY 222910 SUMMERS COMPTON WELLS LLC 8909 LADUE ROAD ST LOUIS MO 63124 LEGAL 153726 RIEZMAN BERGER PC 7700 BONHOMME AVE 7TH FLOOR ST LOUIS MO 63105 LEGAL - COLLECTIONS EXPENSE 147215 3 INTEREST ON LOANS 522100 24956082 24956082 FEES & OTHER INCOME 522100 21757075 21739050 18025 OTHER INSURANCE SALES 522100 244962 244962 NON-MEMBER REVENUE 522100 173555 173555 WARRANTY SALES 522100 12640 12640 47144314 3178246 3178246 138616 138616 87892 468203 -380311 -380311 -380311 50080865 49631683 449182 0 20000 1678330 11212824 3383250 2587913 926997 153728 147385 1544332 459879 2542234 2465623 2429933 108253 116745 2456279 515218 LOAN SERVICING 5445582 PROVISION FOR LOAN LOSS 4958254 MEMBER DIVIDENDS 2819071 OTHER LOSSES/CHARGEOFFS 638053 483205 47093088 20081177 18446420 89787567 83853995 500947281 471005274 1853638 1680962 60038314 25889910 35927125 34148404 157117587 209571560 21749040 19653204 827463415 838359819 16783500 16123668 378098 365391 752385097 766385298 769546695 782874357 X 0 0 0 0 57916720 55485462 57916720 55485462 827463415 838359819 X 2987777 -313576 -5105459 X 0 1 X 1 0 350 350 350 1 CUPAC IL-GEORGE G BURNETT CHAPTER 1807 W DIEHL RD NAPERVILLE IL 605667107 363092340 350 PART I-A, LINE 1: CONTRIBUTION TO A CREDIT UNION PAC SPONSORED FUNDRAISING EVENT. 0 1 X 17988758 17988758 22348092 11071082 11277010 2914303 2398814 515489 16787161 12420014 4367147 34148404 TECHATCHERY, LLC 100000 C AFS-US TREASURY NOTES 124294878 F AFS-FEDERAL AGENCY SEC. 30491220 F HTM-FEDERAL AGENCY SEC. 53692562 C FHLB STOCK 992900 C 209571560 MEMBER SHARE DEPOSITS 751655313 PENSION PLAN LIABILITY - SFAS 158 14729985 766385298 X 50080865 384 384 50080481 384 384 50080865 47099649 6945 6945 47092704 384 384 47093088 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS FOR INSURANCE AND PROPERTY TAXES RELATED TO MEMBER REAL ESTATE LOANS. IN ADDITION, IN COORDINATION WITH GREENPATH FINANCIAL WELLNESS, THE CREDIT UNION PROVIDES MEMBERS WITH FREE FINANCIAL EDUCATION AND COUNSELING. PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL INCOME TAXES EXCEPT FOR CERTAIN PRODUCTS AND SERVICES WHICH HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS) TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE. AS PRESENTED IN TECHNICAL ADVICE MEMORANDUMS, THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES IS SUBJECT TO INCOME TAXES UNDER THE UNRELATED BUSINESS INCOME TAX (UBIT) REGULATIONS. IN MANAGEMENT'S OPINION, THE CREDIT UNION HAS NO UNRELATED BUSINESS INCOME AND NO ACCRUAL HAS BEEN RECORDED. 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, THE ESTIMATED LIABILITY FOR ANY POTENTIAL TAX ASSESSMENT WOULD NOT HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: TECHATCHERY, LLC - TOTAL INCOME 384. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY INTEREST INCOME 384. PART XII, LINE 2D - OTHER ADJUSTMENTS: TECHATCHERY, LLC - TOTAL EXPENSES 6,945. PART XII, LINE 4B - OTHER ADJUSTMENTS: INERCOMPANY DIVIDEND EXPENSE 384. 1 $1,000 NON-RENEWABLE SCHOLARSHIPS WERE AWARDED TO TWENTY VCU MEMBERS GRADUATING FROM HIGH SCHOOL 20 20000 PART I, LINE 2: THE "QUEST FOR EDUCATION" SCHOLARSHIP PROGRAM AWARDS TWENTY NON-RENEWABLE $1,000 SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS. TO BE ELIGIBLE, ENTRANTS MUST BE A VANTAGE PRIMARY ACCOUNT HOLDER AND SUBMIT A COMPLETED APPLICATION. APPLICATIONS ARE JUDGED BY A COMMITTEE OF VANTAGE CREDIT UNION VOLUNTEERS, MEMBERS AND EMPLOYEES. FUNDS ARE DISTRIBUTED DIRECTLY TO THE RECIPIENTS' CHOSEN ACCREDITED COLLEGE OR UNIVERSITY AT THE TIME OF FALL REGISTRATION AND CAN BE USED FOR BOOKS AND TUITION. X 1 1 X X X X 0 0 0 ERIC V ACREE PRESIDENT & CEO 339999 0 0 0 0 0 37053 0 25632 0 402684 0 0 0 DOUGLAS E RUCKMAN CHIEF FINANCIAL OFFICER 172998 0 0 0 0 0 18919 0 25538 0 217455 0 0 0 JOHN M HOPKINS CHIEF RISK OFFICER 135465 0 0 0 0 0 15213 0 24652 0 175330 0 0 0 KATHLEEN J PALMER CHIEF MEMBER EXPERIENCE OFFICER 146187 0 0 0 0 0 16353 0 24300 0 186840 0 0 0 JAMES M COCHRAN VICE PRESIDENT, MEMBER EXPERIENCE 127227 0 0 0 3000 0 14155 0 9754 0 154136 0 0 0 PART I, LINE 1A THE CREDIT UNION PROVIDED TRAVEL FOR COMPANIONS OF THE FOLLOWING BOARD MEMBERS: DR. WILLIAM SOLOMON, VICE CHAIRMAN - $2,399 MARK RUDOLPH, SECRETARY/TREASURER - $1,233 DR. PAUL ZIEGLER, DIRECTOR - $6,467 DR. WALTER OWEN, DIRECTOR - $3,494 APPLICABLE FORMS 1099-MISC WERE FILED AS REQUIRED. PART I, LINE 3 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION WITH THE ASSISTANCE OF AN INDEPENDENT CONSULTANT AND PURSUANT TO A SIGNED EMPLOYMENT CONTRACT. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. FORM 990, PART III, LINE 2 IN 2017, THE CREDIT UNION EXPANDED MEMBER SERVICES TO INCLUDE CREDIT CARD ALERT CAPABILITY AND TOUCH ID ON THE MOBILE APP. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B CREDIT UNION MANAGEMENT PROVIDES AN OUTSIDE ACCOUNTING FIRM THE DATA NEEDED TO PREPARE THE FORM 990, AND SENIOR MANAGEMENT REVIEWS IT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE PRESIDENT AND ALL DIRECTORS, COMMITTEE MEMBERS, AND KEY EMPLOYEES ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY, DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS, AND SUBMIT A SIGNED STATEMENT TO THAT EFFECT. THESE STATEMENTS ARE MAINTAINED ON FILE AT THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION WITH THE ASSISTANCE OF AN INDEPENDENT CONSULTANT AND PURSUANT TO A SIGNED EMPLOYMENT CONTRACT. ALL OTHER MANAGEMENT COMPENSATION IS DETERMINED BY THE PRESIDENT AND IS PRESENTED AS PART OF THE BUDGET PACKAGE TO THE BOARD OF DIRECTORS FOR APPROVAL. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PRESENTED AT THE ANNUAL MEETING AND ARE AVAILABLE UPON REQUEST. IN ADDITION, THE NCUA WEBSITE POSTS FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS, POLICIES, AND PROCEDURES ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: PENSION LIABILITY ADJUSTMENT -5,105,459. MEMBERS RESOURCE LLC 4020 FEE FEE ROAD BRIDGETON MO 63044 274479158 CREDIT UNION SERVICE ORGANIZATION PROVIDING MORTGAGE AND INSURANCE SERVICES MO 1188087 5199637 TECHATCHERY LLC 4020 FEE FEE ROAD BRIDGETON MO 63044 272789465 CREDIT UNION SERVICE ORGANIZATION PROVIDING IT SOFTWARE SERVICES MO C 384 124858 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0