2017-11-09T11:00:50-06:00 2016-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2016-01-01 420190489 COLLINS COMMUNITY CREDIT UNION COLL 3193939000 PO BOX 10500 CEDAR RAPIDS IA 52410 STEFANIE RUPERT PRESIDENT/CEO 3193939000 2017-11-09 1 JOSEPH A ZITO P00648440 2482443000 50.235.194.18 2017-11-09 12:00:20 ES P 062293E64DF58CF8D35332F263D6456F83B37FCF 1353DC092BF0A9AADCA388267C2932B6E10091D4 2016 2018-03-14 21:41:22Z STEFANIE RUPERT PO BOX 10500 CEDAR RAPIDS IA 52410 95302018 0 X WWW.COLLINSCU.ORG X 1940 MI OUR MISSION IS TO DEVOTE OURSELVES TO FINANCIAL SUCCESS FOR ALL. 9 9 345 9 115129 -44164 0 0 39385620 46317258 3579973 3652942 0 115129 42965593 50085329 0 0 0 0 17208716 19331478 0 0 0 20427719 27372755 37636435 46704233 5329158 3381096 924526374 1082005142 840231256 993757907 84295118 88247235 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 20093 0 1 345 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 1337 0 0 PETER SEYFER DIRECTOR 1.00 X 1337 0 0 WILLIAM KOOISTRA DIRECTOR 1.00 X 1558 0 0 TOM MANOR DIRECTOR 1.00 X 1080 0 0 LISA THOMPSON DIRECTOR 1.00 X 1337 0 0 CYNTHIA CULBERTSON DIRECTOR 1.00 X 2571 0 0 JON BUSE DIRECTOR 1.00 X 1337 0 0 DEKE MORROW DIRECTOR 1.00 X 1337 0 0 SUE NELSON DIRECTOR 1.00 X 1337 0 0 JENNIFER RUPPERT DIRECTOR 1.00 X 1335 0 0 RICHARD BENHART PRESIDENT/CEO 40.00 X 261092 0 14979 STEFANIE RUPERT COO 40.00 X 346119 0 33865 BENJAMIN WICKUM CFO 40.00 X 171085 0 20314 JACK EMKES SENIOR VP 40.00 X 233345 0 30798 SCOTT FROST CHIEF LENDING OFFICER 40.00 X 164773 0 24115 DANA GOSHON MORTGAGE LOAN OFFICER 40.00 X 282106 0 31161 AMBER MATSON MORTGAGE LOAN OFFICER 40.00 X 226793 0 28454 THOMAS AXVIG MORTGAGE LOAN OFFICER 40.00 X 207780 0 25227 SANDRA VAUGHAN SENIOR VP 40.00 X 151844 0 17862 TERESA JENSEN MORTGAGE LOAN OFFICER 40.00 X 151137 0 16063 2210640 0 242838 24 0 1 0 FISERV 75 REMITTANCE DRIVE SUITE 6974 CHICAGO IL 606756974 CORE PROCESSOR 3449549 LA MACCHIA GROUP 157 NORTH MILWAUKEE STREET MILWAUKEE WI 53202 CREDIT UNION DESIGN BUILD 2447598 O'SHEA & O'SHEA PC 1007 LONGFELLOW DRIVE HIAWATHA IA 52233 LAWYER FEES 973824 FINANCIAL SUPERMARKETS PO BOX 1450 CORNELIA GA 30531 IN-STORE BANKING 907125 TURNKEY ARCHITECTS 3015 GREYHOUND DRIVE WATERLOO IA 50701 ARCHITECTS 620774 12 INCOME ON LOANS 522100 32117078 32117078 FEES/CHARGES/OTHER INCOME 522100 14200180 14200180 46317258 3126779 3126779 45742852 45216689 526163 526163 526163 NON-MEMBER ATM INCOME 900099 115129 115129 115129 50085329 46843421 115129 3126779 X 1315051 13306627 2217519 1335625 1156656 186071 124738 3963850 983028 2530719 689845 1181402 106581 12387 7140692 142554 1709455 172750 PROVISION FOR LOAN LOSS 2076171 LOAN SERVICING 1964797 DEBIT AND CREDIT EXPENS 1778359 ATM EXPENSES 864605 1744751 46704233 7680653 7958289 59203144 83394864 349064 1653820 2804272 5427574 668048193 829340925 755867 2655020 29718645 13639968 9451764 16078677 121674155 68049928 25146224 17701319 29413038 49744726 924526374 1082005142 8287989 18888826 90000000 72000000 741943267 902869081 840231256 993757907 X 0 0 0 0 84295118 88247235 84295118 88247235 924526374 1082005142 X 3381096 717398 -146377 X X 0 1 X 1 0 4605229 4605229 13765180 6312346 7452834 2784137 1185692 1598445 8564099 6141930 2422169 16078677 SHARE ACCOUNTS 146911210 MONEY MARKET ACCOUNTS 181141356 IRA 8842550 SHARE DRAFT ACCOUNTS 169702173 CD AND IRA CD 396271792 902869081 X 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, 2016 AND 2015. THE CREDIT UNION'S 2013 THROUGH 2016 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. X X 1 1 X X X 0 1 0 RICHARD BENHART PRESIDENT/CEO 137244 0 117340 0 6508 0 9946 0 5033 0 276071 0 0 0 STEFANIE RUPERT COO 264175 0 70500 0 11444 0 23850 0 10015 0 379984 0 0 0 BENJAMIN WICKUM CFO 146092 0 24565 0 428 0 15552 0 4762 0 191399 0 0 0 JACK EMKES SENIOR VP 136332 0 96591 0 422 0 21527 0 9271 0 264143 0 0 0 SCOTT FROST CHIEF LENDING OFFICER 133678 0 30674 0 421 0 15544 0 8571 0 188888 0 0 0 DANA GOSHON MORTGAGE LOAN OFFICER 97192 0 184847 0 67 0 22514 0 8647 0 313267 0 0 0 AMBER MATSON MORTGAGE LOAN OFFICER 57358 0 169364 0 71 0 19815 0 8639 0 255247 0 0 0 THOMAS AXVIG MORTGAGE LOAN OFFICER 62224 0 145501 0 55 0 16616 0 8611 0 233007 0 0 0 SANDRA VAUGHAN SENIOR VP 124333 0 26952 0 559 0 13821 0 4041 0 169706 0 0 0 TERESA JENSEN MORTGAGE LOAN OFFICER 52593 0 98467 0 77 0 9021 0 7042 0 167200 0 0 0 PART I, LINE 4B RICK BENHART (CEO) PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN IN WHICH HE DEFERRED $18,000 IN 2016. $90,000 WAS WITHDRAWN FROM THE RETIREMENT ACCOUNT SUBSEQUENT TO HIS RETIREMENT. RICK BENHART CEO TO FUND LIFE INSURANCE POLICY X 1702528 1702528 0 1 1 RICK BENHART CEO TO FUND LIFE INSURANCE POLICY X 392000 392000 0 1 1 STEFANIE RUPERT COO TO FUND LIFE INSURANCE POLICY X 649206 649206 0 1 1 STEFANIE RUPERT COO TO FUND LIFE INSURANCE POLICY X 226350 226350 0 1 1 JOHN LEWIS IT DIRECTOR TO FUND LIFE INSURANCE POLICY X 223300 223300 0 1 1 SCOTT FROST CHIEF LENDING OFFICER TO FUND LIFE INSURANCE POLICY X 455624 455624 0 1 1 SANDRA VAUGHAN SENIOR VP TO FUND LIFE INSURANCE POLICY X 395686 395686 0 1 1 BRUCE TAYLOR CONSUMER LENDING DIRECTOR TO FUND LIFE INSURANCE POLICY X 379640 379640 0 1 1 JACK EMKES SENIOR VP TO FUND LIFE INSURANCE POLICY X 644393 644393 0 1 1 BEN WICKUM CFO TO FUND LIFE INSURANCE POLICY X 358847 358847 0 1 1 5427574 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 THE 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 IX, LINE 24E MISCELLANEOUS 717,941. MAINTENANCE AND EQUIP RENTAL 622,298. TRAINING/EDUCATION 404,512. FORM 990, PART XI, LINE 9: RECLASSIFICATION FOR LOSSES INCLUDED IN NET INCOME - INVESTMENTS 673,724. RECLASSIFICATION FOR LOSSES INCLUDED IN NET INCOME - DEFINED BENEFIT PLAN 998,094. UNREALIZED LOSS INCURRED DURING THE PERIOD - DEFINED BENEFIT PLAN -1,737,473. UNREALIZED LOSS INCURRED DURING THE PERIOD - POSTRETIREMENT PLAN -80,722. PART XII, LINE 2C THE AUDIT COMMITTEE OVERSEES THE AUDITED FINANCIAL STATEMENTS. 1150 PROPERTIES LLC 1150 42ND ST NE CEDAR RAPIDS IA 52402 420190489 PROPERTY MANAGEMENT, SERVICES FOR SELECT PROPERTIES IA 0 10631 COLLINS COMMUNITY CU