2015-07-30T02:14:55-00:00 2014-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2014-01-01 480570799 MERITRUST CREDIT UNION MERI 3166831199 8710 EAST 32nd STREET NORTH WICHITA KS 67226 RANDY DOERKSEN CFO 2015-07-30 true DOUGLAS ORTH 3052328272 2015-07-30 2014 2016-02-25 16:41:14Z MERITRUST CREDIT UNION JAMES NASTARS 8710 EAST 32ND STREET NORTH WICHITA KS 67226 61008591 false X WWW.MERITRUSTCU.ORG X CREDIT UNION 1936 KS MERITRUST CREDIT UNION IS A MEMBER-OWNED NOT-FOR-PROFIT FINANCIAL COOPERATIVE WHICH EXISTS TO PROVIDE FINANCIAL SERVICES WHILE MAINTAINING THE HIGHEST ETHICAL STANDARDS. SAFE MANAGEMENT OF OUR MEMBERS ASSETS IS OUR MAIN OBJECTIVE AND WE WILL MANAGE OUR BUSINESS IN AN ECONOMICALLY SOUND MANNER. 5 5 361 14 632262 -11430 0 48046742 51808810 818881 783136 7502146 7204077 56367769 59796023 0 0 14577117 16283473 0 0 33848901 34514200 48426018 50797673 7941751 8998350 925410123 950647018 832505623 850106727 92904500 100540291 MERITRUST CREDIT UNION IS A MEMBER-OWNED NOT-FOR-PROFIT FINANCIAL COOPERATIVE WHICH EXISTS TO PROVIDE FINANCIAL SERVICES WHILE MAINTAINING THE HIGHEST ETHICAL STANDARDS. SAFE MANAGEMENT OF OUR MEMBERS ASSETS IS OUR MAIN OBJECTIVE AND WE WILL MANAGE OUR BUSINESS IN AN ECONOMICALLY SOUND MANNER. false false INCOME FROM THE CREDIT UNION MEMBERSHIP AND INVESTMENT OF MEMBERS FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. false false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 13095 0 true 361 true true true false false false false false X 5 5 false false false false true true true true true false false true true true true true true true true false X JAMES NASTARS 3166831199 8710 EAST 32 STREET NORTH WICHITA KS 67226 MARCI JOHNSON SECRETARY/TREASURER 003.00 003.00 X 0 0 0 STEVE DUNN DIRECTOR 003.00 003.00 X 4159 0 0 RICK DODDS CHAIRMAN 003.00 003.00 X 1086 0 0 KEN GRETEMAN DIRECTOR 003.00 003.00 X 2073 0 0 DUANE VAN CAMP V.CHAIRMAN 003.00 003.00 X 0 0 0 JAMES NASTARS PRESIDENT/CEO 040.00 040.00 X 345502 0 8020 MAHLON MCCALEB CFO 040.00 040.00 X 429873 0 2794 RANDY DOERKSEN CFO 040.00 040.00 X 32482 0 0 WADE BRUENDL SVP STRATEGYDEVELOPMENT/CIO 040.00 040.00 X 408763 0 6804 BRIAN DAVIDSON SENIOR VP LENDING/CLO 040.00 040.00 X 213475 0 11953 KAREN CALLAWAY VP RISK MANAGEMENT 040.00 040.00 X 119423 0 8298 EVAN WILSON VP MEMBER EXPERIENCE 040.00 040.00 X 168572 0 10684 BYRON STOUT VP HUMAN RESOURCES 040.00 040.00 X 165837 0 5970 JAMIE TAULBEE VP OF MARKETING 040.00 040.00 X 147756 0 3195 JOHN BECKMAN DIRECTOR OR REAL ESTATE 040.00 040.00 X 110846 0 7961 2149847 65679 14 false true false FRIESEN 7223 E SHOAL CREEK WICHITA KS 67226 ADVERTISING 649675 DEI 1550 KEMPER MEADOW DR CINCINNATI OH 45240 CONSTRUCTION 3384023 ALEXANDER OPEN SYSTEMS PO BOX 872380 KANSAS CITY MO 64187 AVAMAR PROGRAM/LICENSE 547603 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 900516606 WEBSITE SETUP 1390343 ROUTE 66 WARRANTY PO BOX 1075 MOUNTAIN HOME AR 726541075 EXTENDED WARRANTIES 997772 33 INCOME FROM LOANS 522100 44494287 44494287 FEES/CHARGES 522100 6682261 6682261 UNRELATED INVESTMENT 523000 423390 423390 UNRELATED WARRANTY INCOME 524298 93336 93336 NON-MEMBER ATM FEE INCOME 900099 115536 115536 51808810 958716 958716 1036988 1212568 -175580 -175580 -175580 MISCELLANEOUS INCOME 522100 6165517 6165517 GAIN ON MORTGAGES 522100 1038560 1038560 7204077 59796023 59163761 632262 0 0 0 0 1466984 1466984 0 11211019 11211019 4 4 2654117 2654117 951349 951349 545058 545058 105046 105046 157901 157901 0 0 514880 514880 2043081 2043081 2164848 2164848 2524250 2524250 0 1509649 1509649 0 0 257560 257560 8122746 8122746 167481 167481 2521425 2521425 191122 191122 SEE ATTACHED SCHEDULE 13689153 13689153 0 50797673 50797673 38802932 51690193 2410703 4094331 4311925 799207869 817762874 5010661 3681897 49668629 21870779 24648037 27797850 28121049 20814569 2000000 2000000 21114541 22587710 925410123 950647018 7763279 8149355 45000000 45000000 779742344 796957372 832505623 850106727 X 92904500 100540291 92904500 100540291 925410123 950647018 X 8998350 81283 -1443842 X false true X true false false 6122732 6122732 22627866 8784140 17429373 1196699 1051307 225196 19721332 17144329 4020549 27797850 Financial derivatives and other financial products Closely-held equity interests Federal income taxes SHARE DRAFTS 112977816 SHARES 137503250 MONEY MARKET ACCOUNTS 192983921 IRA SHARES 65321182 SHARE AND IRA CERTIFICATES 288171203 796957372 X X 2 THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE MORE LIKELY THAN NOT STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN THE INTERNAL REVENUE CODE IRC SECTION 501C14. AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON UNRELATED BUSINESS INCOME UBI DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE IRS RELEASED TECHNNICAL ADVICE MEMORANDUMS TAMs TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX UBIT. UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNIONS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITON OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2013, 2012, AND 2011 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. true true false JAMES NASTARS PRESIDENT/CEO 303081 42421 4361 3659 353522 MAHLON MCCALEB CFO 400215 29658 1115 1679 432667 WADE BRUENDL SVP STRATEGYDEVELOPMENT/CIO 369001 39762 3048 3756 415567 BRIAN DAVIDSON SENIOR VP LENDING/CLO 189400 24075 8245 3708 225428 EVAN WILSON VP MEMBER EXPERIENCE 149075 19497 7205 3479 179256 BYRON STOUT VP HUMAN RESOURCES 146466 19371 2525 3445 171807 JAMIE TAULBEE VP OF MARKETING 131657 16099 1922 1273 150951 Part I Line 4a MAHLON MCCALEB RECEIVED 157,520 IN SEVERENCE PAYOUT. Part I Line 4b THE FOLLOWING RECEIVED 457F PAYOUTS IN 2014 WADE BRUENDL 175,000. Form 990, Part VI, Section A, Line 6 THE CREDIT UNION HAS MEMBERS. Form 990, Part VI, Section A, Line 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. Form 990, Part VI, Section A, Line 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODYS 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 11B THE CFO IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN. THE RETURN IS REVIEWED BY THE CREDIT UNIONS CEO AND CONTROLLER . ONCE ALL PARTIES HAVE COMPLETED THEIR REVIEW AND ANY NECESSARY CORRECTIONS ARE COMPLETED, THE RETURN IS PRESENTED TO THE BOARD. ONCE APPROVED, THE RETURN IS FILED. Form 990, Part VI, Section B, Line 12C IDENTIFYING CONFLICTS OF INTEREST AND ENSURING SEPARATION OF DUTIES ARE ADDRESSED BY SYSTEM CONTROLS, INTERNAL POLICIES AND PROCEDURES, AND AUDITED DURING ROUTINE AUDITS THROUGHOUT THE YEAR BY INTERNAL AUDIT STAFF UNDER THE DIRECTION OF THE SUPERVISORY COMMITTEE. Form 990, Part VI, Section B, Line 15AB INDUSTRY DATA FROM GROUP CUES, CUNA, AND CALLAHAN ASSOCIATES IS USED AS WELL AS PEER REVIEWS. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE NCUAS WEBSITE VIA THE 5300 CALL REPORT FILING. Form 990, Part XI, Line 9 NET PENSION LOSSES. CUSTOM FINANCIAL RESOURCES INC 8710 E 32ND STREET NORTH WICHITA KS 67226 481231931 FINANCIAL KS MERITRUST CREDIT UNION C Corp 121742 438159 1.00000 true false false false false false false false false false false false false false true true false false false false MERITRUST CREDIT UNION n 6000 ESTIMATE MERITRUST CREDIT UNION o 60000 ESTIMATE