2016-05-11T13:40:55-05:00 2015-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2015-01-01 237024415 MISSOURI CREDIT UNION MISS 5738741477 111 E BROADWAY COLUMBIA MO 65203 ROBERT P PERKINS CFO 5738741477 2016-05-10 1 GERALD B KISSELL P00092658 6123324300 2015 2016-09-27 15:27:22Z HAROLD JAMES 111 E BROADWAY COLUMBIA MO 65203 15943247 0 X WWW.MISSOURICU.ORG X 1969 MO MISSOURI CREDIT UNION (MCU) IS OPERATED FOR MUTUAL PURPOSES. 10 10 144 15 189502 -26829 0 0 11502875 13859453 1046793 438042 190039 127321 12739707 14424816 40000 40000 619198 647772 5488626 5587209 0 0 0 6185385 7214240 12333209 13489221 406498 935595 282802384 291350589 256331094 263978896 26471290 27371693 X WE BELIEVE THAT MISSOURI CREDIT UNION:-STRIVES TO EXTEND TO OUR FIELD OF MEMBERSHIP THE OPPORTUNITY TO PARTICIPATE IN SERVICES AND BENEFITS WHICH MEMBERSHIP PROVIDES;-ENCOURAGES SOUND FINANCIAL MANAGEMENT THROUGH SAVINGS, THE WISE USE OF CREDIT AND CONSUMER EDUCATION;-FOSTERS AND PRACTICES THE PRINCIPLES OF COOPERATIVE POOLING AND UTILIZATION OF RESOURCES FOR THE ULTIMATE BENEFIT OF OUR MEMBER/OWNERS;-MAINTAINS AND ENHANCES PARTICIPATION OF THE DEMOCRATIC PROCESS AT ALL LEVELS;-ATTRACTS AND DEVELOPS THE BEST POSSIBLE HUMAN RESOURCES AT ALL LEVELS TO SERVICE OUR MEMBER/OWNERS; AND-STRIVES TO MAINTAIN MEMBER/OWNER CONFIDENCE THROUGH PRUDENT FINANCIAL MANAGEMENT AND QUALITY SERVICE. 0 0 ONE OF THE CREDIT UNION'S PRIMARY PURPOSES IS TO PROVIDE CREDIT TO ITS MEMBERS AT A COMPETITIVE RATE. THE CREDIT UNION PROVIDES SECURED, UNSECURED AND REAL ESTATE LOANS TO ELIGIBLE MEMBERS. OUT OF 33,797 MEMBERS, THE CREDIT UNION HAD 23,275 LOANS OUTSTANDING AT 12/31/15, INCLUDING MORTGAGES SOLD WITH SERVICING RETAINED. THE CREDIT UNION OFFERS DEPOSIT SERVICES TO ELIGIBLE MEMBERS. THE CREDIT UNION OFFERS SAVINGS ACCOUNTS, CHECKING ACCOUNTS, CERTIFICATES AND INDIVIDUAL RETIREMENT ACCOUNTS TO ALL MEMBERS. IN ORDER TO MAINTAIN A SHARE ACCOUNT, AN INDIVIDUAL MUST BE ELIGIBLE FOR MEMBERSHIP. AT 12/31/15, 65,146 DEPOSIT ACCOUNTS WERE BEING SERVICED. ONE OF THE DELIVERY CHANNELS FOR THE VARIOUS PRODUCTS IS ELECTRONIC DELIVERY. THE CREDIT UNION OFFERS DEBIT CARDS, ATM ACCESS, AUDIO RESPONSE ACCOUNT ACCESS, INTERNET ACCOUNT ACCESS AND MOBILE ACCOUNT ACCESS. ALL SERVICES ARE OFFERED AT NO COST TO ELIGIBLE MEMBERS. THE CREDIT UNION BELONGS TO THE CO-OP ATM NETWORK WHICH ENABLES MEMBERS TO USE NETWORK RELATED ATMS NATIONWIDE WITH NO SURCHARGE. FIRST TIME HOME BUYER CREDITS, DEBIT CARDS, BRANDED CREDIT CARDS, AND WIRE TRANSFERS TO ELIGIBLE MEMBERS. 0 0 1 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11229 0 1 144 1 1 1 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 0 1 1 1 0 X ROBERT PERKINS 5738741477 111 E BROADWAY COLUMBIA MO 65203 KEE GROSHONG CHAIR 0.50 X X 0 0 0 MARK KAISER VICE CHAIR 0.50 X X 0 0 0 BRENDA FASKEN SECRETARY 0.50 X X 0 0 0 RICHARD OTTO SECRETARY 0.50 X X 0 0 0 HOWARD PYRON TREASURER 0.50 X X 0 0 0 RANDY MORROW DIRECTOR 0.50 X 0 0 0 DON GREER DIRECTOR 0.50 X 0 0 0 STEPHEN PRICE DIRECTOR 0.50 X 0 0 0 ANNE ROBINSON DIRECTOR 0.50 X 0 0 0 CHARLES TOUZEAU DIRECTOR 0.50 X 0 0 0 SUSAN VAUGHN DIRECTOR 0.50 X 0 0 0 HAROLD JAMES PRESIDENT 40.00 X 229709 0 23830 ROBERT PERKINS CFO 40.00 X 142948 0 23339 CHENGFAN XU SR VICE PRESIDENT 40.00 X 143260 0 15829 DEANN BARTON SR VICE PRESIDENT 40.00 X 125317 0 13496 ANTHONY ROSS SMITH SR VICE PRESIDENT 40.00 X 111365 0 11673 SANDRA HASLAG INDIRECT LOAN ADMINISTRATOR 40.00 X 162817 0 21564 915416 0 109731 6 0 1 0 ROUTE 66 PO BOX 1075 MOUNTAIN HOME AK 72654 MECHANICAL REPAIR INSURANCE 385745 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 INFORMATION TECHNOLOGY 312847 CMFG LIFE INSURANCE COMPANY PO BOX 78488 MILWAUKEE WI 53278 CREDIT INSURANCE/SURETY BOND 285691 DOUBLE VISION ENTERPRISES LLC PO BOX 104891 JEFFERSON CITY MO 65110 PROPERTY MANAGEMENT 255897 BUCKET MEDIA 1123 WILKES BLVD STE 330 COLUMBIA MO 65201 MEDIA PLANNING AND BUYING 242508 10 INTEREST ON MEMBER LOANS 522100 8888154 8888154 FEES AND CHARGES 522100 2607082 2545449 61633 MISCELLANEOUS OPERATING REVENUE 522100 1599970 1544419 55551 MTG SERVICING RIGHTS 522100 423629 423629 NON-INTEREST REVENUE 522100 340618 268300 72318 13859453 435858 435858 191323 0 191323 191323 191323 1500215 20400 1501073 17358 -858 3042 2184 2184 LOSS ON FORECLOSURE 522100 -64002 -64002 -64002 14424816 13605949 189502 629365 40000 647772 423188 4039603 222824 559477 342117 8659 54635 800 33278 567083 998120 234876 708929 108364 1570 101024 740070 189637 LOAN SERVICING 1729530 PROVISION FOR LOAN LOSS 1342166 ATM 153804 DUES 69524 172171 13489221 2351030 2230511 1252670 808376 203427496 210339978 354973 430108 19433740 10135698 9750908 9298042 58307104 59869587 7358203 8373987 282802384 291350589 6518929 7456903 563798 619684 1519227 1665343 10341726 321033 237387414 253915933 256331094 263978896 X 0 0 0 0 26471290 27371693 26471290 27371693 282802384 291350589 935595 -35192 0 X 0 1 X 1 0 800 800 800 1 CUPAC 2055 CRAIGSHIRE ROAD ST LOUIS MO 63146 431310069 800 PART I-A, LINE 1: MCU CONTRIBUTED TO A POLITICAL ACTION COMMITTE TO SUPPORT CREDIT UNION ISSUES. 0 1 X 3373330 3373330 6869654 2638600 4231054 3452147 2717548 734599 3416329 2811913 604416 2322280 1967637 354643 9298042 BANK CDS 16195000 F DEPOSITS IN CORPORATE CREDIT UNION 151562 F DEPOSITS IN FRB 27141423 F DEPOSITS IN COMMERCIAL BANKS 161467 F DEPOSITS IN FHLB 3060662 F FEDERAL AGENCY SECURITIES 13159473 F 59869587 MEMBERS' SHARES AND DEPOSITS 253915933 253915933 PART IV, LINE 2B: THE CREDIT UNION COLLECTS FUNDS AND HOLDS THEM IN AN ESCROW ACCOUNT TO PAY TAXES AND INSURANCE ON BEHALF OF ITS MORTGAGE LOAN MEMBERS. THE CREDIT UNION HOLDS FUNDS IN ESCROW FOR REAL ESTATE LOANS THAT HAVE BEEN SOLD, BUT ARE STILL SERVICED BY MCU. THERE IS AN OFFSETTING ENTRY BECAUSE THE FUNDS ARE TECHNICALLY OWNED BY THE GOVERNMENT DEPOSITORS WHO OWN THE CORRESPONDING LOANS. 1 SCHOLARSHIPS FOR STUDENTS ATTENDING COLLEGE/TECHNICAL SCHOOL 16 40000 PART I, LINE 2: HIGH SCHOOL SENIORS GRADUATING DURING THE YEAR ARE AWARDED $2,500 SCHOLARSHIPS. THE FUNDS ARE INTENDED TO BE USED TO OFFSET THE COST OF ATTENDING A 4 YEAR COLLEGE/UNIVERSITY OR A 2 YEAR TECHNICAL SCHOOL. THE FUNDS ARE PAID TO THE INDIVIDUAL AND NOT RESTRICTED. X X X X 1 1 0 HAROLD JAMES PRESIDENT 220809 0 8900 0 0 0 13531 0 11950 0 255190 0 0 0 ROBERT PERKINS CFO 137198 0 5750 0 0 0 9100 0 15950 0 167998 0 0 0 CHENGFAN XU SR VICE PRESIDENT 140260 0 3000 0 0 0 8600 0 7760 0 159620 0 0 0 SANDRA HASLAG INDIRECT LOAN ADMINISTRATOR 49542 0 53275 0 60000 0 8971 0 12795 0 184583 0 0 0 PART I, LINES 4A-B THE FOLLOWING PARTICIPATED IN A 457(F), NON-QUALIFIED RETIREMENT PLAN: HAROLD E. JAMES - NO DISBURSEMENTS IN 2015 CHENGFAN XU - NO DISBURSEMENTS IN 2015 SANDRA J. HASLAG RECEIVED A $60,000 SEVERANCE PAYMENT IN 2015. FORM 990, PART I, LINE 6, TOTAL NUMBER OF VOLUNTEERS: THE 15 VOLUNTEERS CONSISTED OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE. 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 SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WILL BE REVIEWED BY EXECUTIVE MANAGEMENT PRIOR TO FILING WITH THE IRS. THE BOARD OF DIRECTORS WILL REVIEW FORM 990, AS FILED WITH THE IRS, AT THE MONTHLY BOARD MEETING FOLLOWING THE SUBMISSION OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ALL VOLUNTEERS AND ELECTED OFFICIALS SIGN AN OATH OF OFFICE REGARDING CONFLICT OF INTEREST. CONFLICT OF INTEREST IS SPECIFICALLY NOTED IN THE MCU HR POLICY AND REVIEWED WITH ALL STAFF. ANY MCU STAFF FOUND TO ENGAGE IN THESE BEHAVIORS ARE IMMEDIATELY DISCIPLINED, UP TO AND INCLUDING TERMINATION. IN ADDITION ALL MCU STAFF ARE REQUIRED TO ANNUALLY TAKE CONTINUING TRAINING WHICH INCLUDES TESTING ON THESE AND OTHER SIGNIFICANT TOPICS. FORM 990, PART VI, SECTION B, LINE 15 LOCAL MARKET DATA OF INDIVIDUAL SALARY AND BENEFIT PACKAGES IN THE LOCAL REGION IS PROVIDED CONTINUALLY VIA THE HIRING PROCESS FOR ALL POSITIONS BY HUMAN RESOURCES STAFF. IN ADDITION, 3RD PARTY DATA IS ALSO PURCHASED, AVAILABLE AND UPDATED ON A CONTINUING BASIS. LONG TERM COMPENSATION OBJECTIVES HAVE FOCUSED ON STAFF RETENTION BY PROVIDING AND MAINTAINING PAY AND BENEFITS PACKAGES FOR ANY AND ALL STAFF IN THE UPPER 25TH QUADRANT OF ANY OF THESE MARKET INDICATORS. ALSO ALL STAFF HAVE WRITTEN ANNUAL EVALUATIONS TO ASSESS ACHIEVEMENT DURING THE PERIOD OF ESTABLISHED MCU GOALS AND OBJECTIVES. ALL SALARIES AND BENEFITS PACKAGES OF ALL SENIOR MANAGEMENT ARE REVIEWED ANNUALLY BY THE PRESIDENT/CEO AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. OTHER DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).