2015-07-22T15:21:03-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2014-01-01 420190489 COLLINS COMMUNITY CREDIT UNION COLL 3193939000 PO BOX 10500 CEDAR RAPIDS IA 52410 RICHARD J BENHART CEO 3193939000 2015-07-07 1 JANIS ISAACSON P00089104 6022662248 2014 2016-02-25 16:41:14Z RICHARD J BENHART PO BOX 10500 CEDAR RAPIDS IA 52410 41202419 0 X WWW.COLLINSCU.ORG X 1940 IA OUR MISSION IS TO DEVOTE OURSELVES TO FINANCIAL SUCCESS FOR ALL. 9 9 275 9 100413 -19871 0 0 35358245 35415693 3638578 4094602 541994 -221914 39538817 39288381 0 0 0 0 14712260 14499151 0 0 0 18872055 18395232 33584315 32894383 5954502 6393998 738455673 825621181 666276042 746718177 72179631 78903004 X OUR MISSION IS TO DEVOTE OURSELVES TO FINANCIAL SUCCESS FOR ALL. 1 1 FINANCIAL DEPOSIT, LOAN AND SERVICE ACCOUNTS 0 0 0 0 0 0 0 0 0 1 1 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 19821 0 1 275 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 IA X FINANCE DEPARTMENT - COLLINS CCU 3193939000 PO BOX 10500 CEDAR RAPIDS IA 52410 BARRY STUMP EXECUTIVE SECRETARY 1.00 X 1449 0 0 JAMES FINERTY FORMER CHIEF FINANCIAL OFFICER 1.00 X 10626 0 0 TOM MANOR AUDIT CHAIRPERSON 1.00 X 1449 0 0 MARSHA SCHULTE CHAIRPERSON 1.00 X 1697 0 0 PETER SEYFER VICE CHAIRPERSON 1.00 X 1689 0 0 JAMES LOCKE CHIEF FINANCIAL OFFICER 1.00 X 1569 0 0 CYNTHIA CULBERTSON CREDIT COMMITTEE 1.00 X 1697 0 0 DEKE MORROW CREDIT COMMITTEE 1.00 X 1697 0 0 WILLIAM KOOISTRA AUDIT COMMITTEE 1.00 X 1912 0 0 LISA THOMPSON AUDIT COMMITTEE 1.00 X 1715 0 0 RICHARD BENHART PRESIDENT/CEO 40.00 X 331148 0 21164 STEFANIE RUPERT CHIEF OPERATIONS OFFICER 40.00 X 207985 0 27658 BENJAMIN WICKUM FINANCE DIRECTOR 40.00 X 109769 0 8162 JACK EMKES VICE PRESIDENT REAL ESTATE LENDING 40.00 X 141821 0 22700 SCOTT FROST CHIEF LENDING OFFICER 40.00 X 141366 0 19506 DANA GOSHON MORTGAGE LOAN OFFICER 40.00 X 157977 0 23129 AMBER MATSON MORTGAGE LOAN OFFICER 40.00 X 145051 0 22167 SANDRA WHITTERS MORTGAGE LOAN OFFICER 40.00 X 144617 0 8940 TERESA JENSEN MORTGAGE LOAN OFFICER 40.00 X 120297 0 15568 SANDRA VAUGHAN SENIOR VICE PRESIDENT 40.00 X 124021 0 15698 1649552 0 184692 12 0 1 0 FISERV 75 REMITTANCE DRIVE SUITE 6974 CHICAGO IL 606756974 DATA PROCESSING SERVICES 3003634 WELLMARK INC PO BOX 10353 DES MOINES IA 503060353 MEDICAL INSURANCE 1461150 BRADLEY & RILEY PC PO BOX 2804 CEDAR RAPIDS IA 524062804 LEGAL SERVICES 462720 CDW INC PO BOX 75723 CHICAGO IL 606755723 COMPUTER EQUIPMENT 391556 MCGLADREY LLP 5155 PAYSPHERE CIRCLE CHICAGO IL 60674 PHONE SYSTEMS AND MAINTENANCE 235091 11 PROGRAM SERVICE REVENUE 522100 35315280 35315280 UNRELATED BUSINESS INCOME 524298 100413 100413 35415693 4066220 4066220 1942420 1914038 28382 28382 28382 NET INCOME (LOSS) FROM DISREGARDE 522100 -221914 -221914 -221914 39288381 39187968 100413 0 X 1834244 9502541 1350761 972373 839232 54145 159188 4567837 795004 617855 908217 5377965 1078563 23718 OPERATIONS 2554194 PROVISION FOR LOSSES 1647725 OTHER EXPENSES 610821 32894383 48270295 74138164 783911 522873219 590476255 20813138 11966676 8692308 8846462 144233797 136721288 14386054 14655101 738455673 825621181 666276042 706718177 0 40000000 666276042 746718177 X 0 0 0 0 72179631 78903004 72179631 78903004 738455673 825621181 X 6393998 329375 X X 0 1 X 1 0 2036195 2036195 10055780 5467495 4588285 975522 641403 334119 3208807 2230043 978764 4536834 3627735 909099 8846462 AVAILABLE-FOR-SALE 120294688 F FHLB STOCK 2485600 C OTHER INVESTMENTS 13941000 C 136721288 BORROWED FUNDS FHLB 40000000 40000000 X PART X, LINE 2: THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2014 AND 2013. THE CREDIT UNION'S 2011 THROUGH 2014 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. X X X 1 1 X X X 0 1 0 RICHARD BENHART PRESIDENT/CEO 278283 0 49301 0 3564 0 8910 0 12254 0 352312 0 0 0 STEFANIE RUPERT CHIEF OPERATIONS OFFICER 179123 0 28285 0 577 0 16544 0 11114 0 235643 0 0 0 JACK EMKES VICE PRESIDENT REAL ESTATE LENDING 112555 0 28927 0 339 0 12624 0 10076 0 164521 0 0 0 SCOTT FROST CHIEF LENDING OFFICER 125165 0 15821 0 380 0 8839 0 10667 0 160872 0 0 0 DANA GOSHON MORTGAGE LOAN OFFICER 70464 0 87454 0 59 0 14036 0 9093 0 181106 0 0 0 AMBER MATSON MORTGAGE LOAN OFFICER 52870 0 92125 0 56 0 13042 0 9125 0 167218 0 0 0 SANDRA WHITTERS MORTGAGE LOAN OFFICER 68907 0 75427 0 283 0 5215 0 3725 0 153557 0 0 0 PART I, LINE 4B RICHARD J. BENHART- NONQUALIFIED 457 PLAN PARTICIPANT $17,500.00 RICHARD BENHART PRESIDENT/CEO INSURANCE PREMIUM X 567509 567509 0 1 1 STEFANIE RUPERT EVP/COO INSURANCE PREMIUM X 216402 216402 0 1 1 783911 FORM 990, PART III, LINE 2 ON JULY 1, 2014, COLLINS COMMUNITY CREDIT UNION (CCCU) MERGED WITH FEDERAL EMPLOYEES CREDIT UNION (FECU). ALL CURRENT FECU SERVICES WERE TRANSFERRED TO CCCU SERVICES. FORM 990, PART III, LINE 3 ON JULY 1, 2014, COLLINS COMMUNITY CREDIT UNION (CCCU) MERGED WITH FEDERAL EMPLOYEES CREDIT UNION (FECU). ALL CURRENT FECU SERVICES WERE TRANSFERRED TO CCCU SERVICES. 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/RESPONSIBILITY TO APPROVE THE ORGANIZATION'S MINUTES DURING THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 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 THEN 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 11G OTHER FEES-PROGSERV-990 2,601. SHARE DRAFT CLEARING 44,354. SHARE DRAFT EXP. 242,437. OVERDRAFT EXPENSE 10,280. OUTSIDE SERVICES 972,705. OUTSIDE SERVICES - DEF -44,410. EDP FEES 503,147. PRINTING STATEMENT COST 63,419. E-STATEMENT PROCESSING 44,854. ATM EXPENSE 667,739. DEBIT CARD EXPENSE 1,264,312. ACCOUNT ACCESS EXPENSE 441,027. BILL PAYER EXPENSE 311,251. MERCHANT CC EXP 44,121. FORM 990, PART XI, LINE 9: CHANGE IN UNREALIZED GAIN/LOSS ON SECURITIES AVAILABLE-FOR-SALE 1,121,774. GAIN/LOSS INCURRED IN CURRENT YEAR ON PENSION BENEFIT OBLIGATION -2,303,818. ACQUISITION OF FEDERAL EMPLOYEES CREDIT UNION - EIN 42-0721276 1,511,421. ROUNDING -2. FORM 990, 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 -479 5176 COLLINS COMMUNITY CREDIT UNION