2025-10-23T10:24:10-05:00 2024-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 660616454 990 2024-01-01 430739854 VANTAGE CREDIT UNION VANT 3142980055 19 RESEARCH PARK COURT ST CHARLES MO 633045616 DOUGLAS RUCKMAN CHIEF FINANCIAL OFFICER 3142980055 2025-10-23 1 0 GERALD TENBRINK P00638199 9138946214 2025-10-21 2024 2025-03-06 01:10:19Z ERIC ACREE 19 RESEARCH PARK COURT ST CHARLES MO 633045616 116752758 0 X WWW.VCU.COM X 1957 MO ENHANCING YOUR LIFE, STRENGTHENING OUR COMMUNITY 7 7 314 12 2022898 0 0 0 59965348 70958870 7321490 5903713 109184 5278482 67396022 82141065 10000 10000 0 0 24680295 26893335 0 0 0 47140229 49327732 71830524 76231067 -4434502 5909998 1198376782 1083343707 1127003822 1005417344 71372960 77926363 X ENHANCING YOUR LIFE, STRENGTHENING OUR COMMUNITY 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 68,963 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2024, THERE WERE 102,208 LOANS OUTSTANDING TOTALING $807,000,417. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $10,901,523 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 0 0 0 1 20626 0 1 314 1 1 1 0 0 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 0 0 0 X DOUGLAS RUCKMAN 3142980055 19 RESEARCH PARK COURT ST CHARLES MO 633045616 DR JERRY EICHHOLZ CHAIRMAN 1.00 X 0 0 0 DANIEL DOLAN SECRETARY TREASURER 1.00 X 10339 0 0 MARK RUDOLPH VICE CHAIRMAN 1.00 X 1793 0 0 TONI MARTIN DIRECTOR 1.00 X 0 0 0 LINDA CERIOTTI DIRECTOR 1.00 X 0 0 0 DR BARBARA EVANS-CUNNINGHAM DIRECTOR 1.00 X 1858 0 0 BOB KLUGE DIRECTOR 1.00 X 0 0 0 ERIC ACREE PRESIDENT & CEO 40.00 X 556882 0 841320 DOUGLAS RUCKMAN CHIEF FINANCIAL OFFICER 40.00 X 288062 0 102287 JOHN HOPKINS CHIEF RISK OFFICER 40.00 X 269049 0 284985 MICHAEL GATRELL CHIEF GROWTH & REV OFFICER 40.00 X 398759 0 763113 JONATHAN BROADFIELD INFORMATION SECURITY OFFIC 40.00 X 167381 0 45188 CHRISTOPHER SMITH DIRECTOR - MORTGAGE SOLUTI 40.00 X 219049 0 40173 AMANDA BARCLIFF SENIOR FINANCIAL CONSULTAN 40.00 X 197220 0 35444 HANS SMITH SENIOR FINANCIAL CONSULTAN 40.00 X 166462 0 25943 KELLY HUFF DIRECTOR - INVESTMENT SERVICES 40.00 X 652184 0 36664 TERRY RABY VP - DCIT 40.00 X 153898 0 32701 3082936 0 2207818 30 0 1 0 NCR ATLEOS 14181 COLLECTIONS CENTER DR CHICAGO IL 60693 ATM MANAGEMENT 1420762 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 FINANCIAL TECHNOLOGY 998990 ALLIED SOLUTIONS LLC 350 VETERANS WAY CARMEL IN 46032 RISK MANAGEMENT AND INSURANCE 862372 SHI INTERNATIONAL CORP PO BOX 952121 DALLAS TX 75395 IT PROCUREMENT AND LICENSING 822093 STRATEGIC RESOURCE MANAGEMENT 5100 POPLAR AVE MEMPHIS TN 38137 WORKFORCE OPTIMIZATION 692367 25 INTEREST ON LOANS 522100 50221086 50221086 FEES & OTHER INCOME 522100 19911315 18714886 1196429 OTHER INSURANCE & WARRANTIES 524298 826469 826469 70958870 5994934 5994934 102067 102067 34234580 285892 34311967 299726 -77387 -13834 -91221 -91221 GAIN ON DISSOLUTION OF DEFINED BE 522100 4885333 4885333 SIP INVESTMENT GAINS 522100 291082 291082 5176415 82141065 80118167 2022898 0 10000 3734668 17970385 642586 3234222 1311474 273461 234898 1577431 1649474 3495843 5224512 2546849 139307 132396 4053452 3484019 345974 MEMBER DIVIDENDS 10901521 PROVISION FOR LOAN LOSS 7117147 LOAN SERVICING 7090333 ALL OTHER EXPENSES 1061115 76231067 30112067 35284350 68067233 48024293 806956438 799576014 2968733 3528153 81080948 32873566 48493188 48207382 192773745 112689452 49005378 36034063 1198376782 1083343707 27730665 20601341 906925 1167972 115289954 35052943 983076278 948595088 1127003822 1005417344 X 0 0 0 0 71372960 77926363 71372960 77926363 1198376782 1083343707 X 5909998 3354081 -2710676 X 0 1 X 1 0 4575 4575 4575 1 CUPAC OF MISSOURI 223 MADISON STREET JEFFERSON CITY MO 65101 431310069 4575 PART I-A, LINE B CONTRIBUTIONS TO A CREDIT UNION PAC 0 1 X 13195757 13195757 39520613 11969952 27550661 2816107 1930365 885742 25237148 18735303 6501845 311323 237946 73377 48207382 AFS-US TREASURY NOTES 31261876 F HTM-MORTGAGE BACKED/CMO 23799467 C AFS-MORTGAGE BACKED SEC. 35004267 F AFS-COLL. MORTGAGE OBLIG. 4333946 F FHLB STOCK 2294100 C SERP PLAN INVESTMENTS 15995796 F 112689452 MEMBER SHARE DEPOSITS 948595088 948595088 X 82141065 0 82141065 0 82141065 76231067 0 76231067 0 76231067 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 ON THE WEBSITE. PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501 OF THE INTERNAL REVENUE CODE (IRC) OF 1954; HOWEVER, THE CREDIT UNION'S UNRELATED BUSINESS INCOME IS SUBJECT TO FEDERAL INCOME TAXES. THERE WERE NO SIGNIFICANT INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023. ACCOUNTING PRINCIPLES PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CREDIT UNION HAD NO UNRECOGNIZED TAX POSITIONS ON DECEMBER 31, 2024 AND DECEMBER 31, 2023. IT IS THE CREDIT UNION'S POLICY TO RECORD ANY PENALTIES OR INTEREST ARISING FROM FEDERAL OR STATE TAXES AS A COMPONENT OF NONINTEREST EXPENSE. 1 $1,000 NON-RENEWABLE SCHOLARSHIPS WERE AWARDED TO TEN VCU MEMBERS GRADUATING FROM HIGH SCHOOL 10 10000 PART I, LINE 2: THE "QUEST FOR EDUCATION" SCHOLARSHIP PROGRAM AWARDS $1,000 NON-RENEWABLE 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 LOCAL EDUCATORS, VANTAGE BOARD AND SUPERVISORY COMMITTEE MEMBERS AND SELECT 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 1 0 ERIC ACREE PRESIDENT & CEO 556882 0 0 0 0 0 803204 0 38116 0 1398202 0 0 0 MICHAEL GATRELL CHIEF GROWTH & REV OFFICER 348409 0 50250 0 100 0 736437 0 26676 0 1161872 0 0 0 KELLY HUFF DIRECTOR - INVESTMENT SERVICES 98632 0 553552 0 0 0 9691 0 26973 0 688848 0 0 0 JOHN HOPKINS CHIEF RISK OFFICER 269049 0 0 0 0 0 248403 0 36582 0 554034 0 0 0 DOUGLAS RUCKMAN CHIEF FINANCIAL OFFICER 288062 0 0 0 0 0 74037 0 28250 0 390349 0 0 0 CHRISTOPHER SMITH DIRECTOR - MORTGAGE SOLUTI 33620 0 185429 0 0 0 13426 0 26747 0 259222 0 0 0 AMANDA BARCLIFF SENIOR FINANCIAL CONSULTAN 12261 0 184830 0 129 0 12222 0 23222 0 232664 0 0 0 JONATHAN BROADFIELD INFORMATION SECURITY OFFIC 167381 0 0 0 0 0 10618 0 34570 0 212569 0 0 0 HANS SMITH SENIOR FINANCIAL CONSULTAN 14630 0 151638 0 194 0 9467 0 16476 0 192405 0 0 0 TERRY RABY VP - DCIT 153898 0 0 0 0 0 9549 0 23152 0 186599 0 0 0 PART I, LINE 1A THE CREDIT UNION PROVIDED TRAVEL FOR COMPANIONS OF THE FOLLOWING BOARD MEMBERS RELATED TO CREDIT UNION INDUSTRY CONFERENCES AND SEMINARS: -DANIEL DOLAN, VICE CHAIRMAN - $10,339 -MARK RUDOLPH, SECRETARY/TREASURER - $1,793 -DR. BARBARA EVANS-CUNNINGHAM, DIRECTOR - $1,857 AMOUNTS WERE REPORTED ON FORM 1099-MISC. 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. PART I, LINE 4B IN 2022, THE CREDIT UNION ADOPTED NONQUALIFIED DEFERRED COMPENSATION PLANS FOR MEMBERS OF MANAGEMENT. THE PARTICIPANTS ARE ENTITLED TO SPECIFIED AMOUNTS IF THEY REMAIN EMPLOYED BY THE CREDIT UNION FOR A PREDETERMINED PERIOD OF TIME. THE PARTICIPANTS AND AMOUNTS ACCRUED IN 2024 ARE LISTED BELOW: -ERIC ACREE, PRESIDENT & CEO - $782,503 -MICHAEL GATRELL, CHIEF GROWTH & REVENUE OFFICER/PRES CUSO OPS - $715,737 -JOHN HOPKINS, CHIEF RISK OFFICER - $231,564 -DOUGLAS RUCKMAN, CHIEF FINANCIAL OFFICER - $56,213 NO AMOUNTS WERE PAID OUT IN 2024. 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: MINIMUM PENSION LIABILITY ADJUSTMENT -2,710,676. MEMBERS RESOURCE LLC 19 RESEARCH PARK COURT ST CHARLES MO 633045616 274479158 CREDIT UNION SERVICE ORGANIZATION PROVIDING MORTGAGE AND INSURANCE SERVICES MO 3400010 6596062