2014-11-13T14:34:27-06:00 2013-12-31 420714325 MCGLADREY LLP 201 N HARRISON STREET SUITE 300 DAVENPORT IA 528011999 990 2013-01-01 366068452 DHCU COMMUNITY CREDIT UNION DHCU 3097967544 P O BOX 1550 MOLINE IL 61265 MATTHEW MCCOMBS PRESIDENT/COO 3097967544 2014-11-06 1 JOHN J ROMANO P00227323 5638884000 2013 2015-11-30 17:44:51Z TERRY BRAHM P O BOX 1550 MOLINE IL 61265 26394238 0 3149 X WWW.DHCU.ORG X 1935 IL WORKING TOGETHER TO IMPROVE THE ECONOMIC WELL-BEING AND QUALITY OF LIFE FOR ALL MEMBERS THROUGH EXCELLENT SERVICE. 10 3 161 12 124602 -21875 0 0 16279122 16845799 1997768 1154148 7090955 7118200 25367845 25118147 41541 39401 0 0 8189554 8333216 0 0 0 13311751 13740944 21542846 22113561 3824999 3004586 452822858 459847611 407807880 411872633 45014978 47974978 WORKING TOGETHER TO IMPROVE THE ECONOMIC WELL-BEING AND QUALITY OF LIFE FOR ALL MEMBERS THROUGH EXCELLENT SERVICE. 0 0 PROVIDE CONSIDERABLE LOANS TO MEMBERS. TOTAL NUMBER OF CONSUMER AND MORTGAGE LOANS OUTSTANDING WAS 18,412. PROVIDED DEPOSITORY SERVICES TO APPROXIMATELY 40,948 MEMBERS. PROVIDED CREDIT CARD SERVICES TO APPROXIMATELY 10,500 MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 14727 0 1 161 1 1 1 0 0 0 0 0 X 10 3 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MATT MCCOMBS PRESIDENTCHIEF OPERATING OFFICER 3097967544 1900 52ND AVENUE MOLINE IL 612661550 TERRY BRAHM CHIEF EXECUTIVE OFFICER 40.00 X X 367352 0 39677 STEVE DUCEY DIRECTOR 1.00 X 0 0 0 MIKE FRYER DIRECTOR 1.00 X 0 0 0 ROBERT GOMEZ DIRECTOR 1.00 X 0 0 0 JULIE GERMERAAD JAMES SECRETARY/TREASURER 1.00 X X 0 0 0 ROBERT JECKS DIRECTOR 1.00 X 0 0 0 STEVE KRATZBERG CHAIRMAN 1.00 X X 0 0 0 BRENT PETERSON DIRECTOR 1.00 X 0 0 0 NATHAN SONDGEROTH FORMER DIRECTOR 1.00 X 0 0 0 NICK TARPEIN DIRECTOR 1.00 X 0 0 0 WILLIAM RON TRICE FORMER DIRECTOR 1.00 X 0 0 0 TERESA VANDYKE VICE CHAIRMAN 1.00 X X 0 0 0 JAY ENGLAND EVP/CHIEF FINANCIAL OFFICER 40.00 X 190315 0 45577 MATTHEW MCCOMBS PRESIDENT/CHIEF OPERATING OFFICER 40.00 X 217377 0 29558 KEVIN PIEPER EVP/CHIEF RISK OFFICER 40.00 X 222693 0 16097 DENISE CAROTHERS VP HUMAN RESOURCES 40.00 X 121223 0 11404 CHERYL FRAME VP MARKETING/E-COMMERCE 40.00 X 103751 0 23219 1222711 0 165532 6 0 1 0 REFINERY DESIGN COMPANY 2001 ALTA VISTA STREET DUBUQUE IA 52001 MARKETING & DESIGN 335051 DIEBOLD INC PO BOX 643543 PITTSBURGH PA 15264 ATM & DRIVE UP LANE SERVICES 242528 DATAMAIL 747 EAST WHITCOMB AVENUE MADISON HEIGHTS MI 48071 STATEMENT PROCESSING 213816 WEST MAINTENANCE 4235 KENNDY DRIVE STE 2 EAST MOLINE IL 61244 BUILDING MAINTENANCE 169741 CU BUSINESS GROUP 9600 NE CASCADES PARKWAY STE 250 PORTLAND OR 97220 LOAN FEES 140190 9 LOANS INTEREST 522100 15439201 15439201 LOAN FEES 522100 858533 858533 ATM FEES 522100 548065 465643 82422 16845799 146710 146710 2283529 1276091 1007438 1007438 1007438 OVERDRAFT CHARGES 522100 2238713 2238713 DEBIT CARD INCOME 522200 1813744 1813744 VISA CHARGE INCOME 522200 842994 842994 2222749 2180569 42180 7118200 25118147 23839397 124602 1154148 X 39401 1128646 5322575 290944 1078636 512415 154914 433285 1184078 469516 742962 876071 28022 138743 24 1365428 186938 DIVIDENDS PAID TO MEMBE 1864732 SERVICE CHARGES & VISA 1360044 PROVISION FOR LOAN LOSS 1219956 ATM EXPENSE 890360 2825871 22113561 62513057 35943971 1765262 1423121 344044364 386089179 2329207 1637579 27461476 8830166 18480863 18631310 7663173 16026932 16122451 452822858 459847611 6301601 6430183 401506279 405442450 407807880 411872633 X 0 0 0 0 45014978 47974978 45014978 47974978 452822858 459847611 3004586 -44586 0 X X 0 0 0 3145959 3145959 16431668 3664952 12766716 7340906 4910176 2430730 542943 255038 287905 18631310 MEMBER DEPOSIT ACCOUNTS 410940627 EFTS -5498177 405442450 1 UNITED WAY OF THE QUAD CITIES 3247 EAST 35TH STREET COURT DAVENPORT IA 52807 362725960 501(C)(3) 10512 GENERAL SUPPORT 1 PART I, LINE 2: THE ORGANIZATION ISSUES ALL FUNDS DIRECTLY TO THE RECIPIENT ORGANIZATION FOR USE AT THEIR DISCRETION OR TO THE APPLICABLE EDUCATIONAL INSTITUTION FOR APPLICATION TO THE STUDENT'S ACCOUNT. X X 1 1 X X X 1 1 0 TERRY BRAHM CHIEF EXECUTIVE OFFICER 309872 0 57480 0 0 0 20384 0 19293 0 407029 0 0 0 JAY ENGLAND EVP/CHIEF FINANCIAL OFFICER 159868 0 30447 0 0 0 28784 0 16793 0 235892 0 0 0 MATTHEW MCCOMBS PRESIDENT/CHIEF OPERATING OFFICER 186491 0 30886 0 0 0 12765 0 16793 0 246935 0 0 0 KEVIN PIEPER EVP/CHIEF RISK OFFICER 94173 0 30447 0 98073 0 7585 0 8512 0 238790 0 0 0 PART I, LINE 1A DHCU PROVIDES THE FOLLOWING TO INDIVIDUALS REPORTED IN PART VII, SECTION A, LINE 1A: TRAVEL FOR COMPANIONS: THIS BENEFIT IS OFFERED TO TOP MANAGEMENT OFFICIALS OF THE ORGANIZATION, AND THE DOLLAR AMOUNT OF THE BENEFIT IS NOT INCLUDED IN REPORTABLE COMPENSATION FOR THE PARTICIPATING INDIVIDUALS. FOUR OFFICERS RECEIVED THIS BENEFIT IN 2013. HEALTH CLUB DUES: THIS BENEFIT IS OFFERED TO THE TOP MANAGEMENT OFFICIALS OF THE ORGANIZATION. THE DUES ARE INCLUDED IN THE REPORTABLE COMPENSATION FOR THE PARTICIPATING INDIVIDUALS. FOUR OFFICERS RECEIVED THIS BENEFIT IN 2013. PART I, LINES 4A-B PART I, LINE 4A: THE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT FROM THE ORGANIZATION IN 2013: KEVIN PIEPER - $98,073. THE DOLLAR AMOUNT IS INCLUDED IN REPORTABLE COMPENSATION IN PART VII, AND SCHEDULE J. PART I, LINE 4B: THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) PLAN IN 2013 SPONSORED BY DHCU: TERRY BRAHM - $6,548, JAY ENGLAND - $17,500, AND DENISE CAROTHERS - $4,068. THE DOLLAR AMOUNT REPRESENTS THE CURRENT YEAR CONTRIBUTION MADE BY DHCU ON BEHALF OF THE INDIVIDUALS TO THE PLAN IN 2013. STEVE KRATZBERG OFFICER MORTGAGE X 205000 177884 0 1 1 TERESA VANDYKE OFFICER MORTGAGE X 120500 106752 0 1 1 WILLIAM RON TRICE BD MBR VEHICLE X 9000 527 0 1 1 WILLIAM RON TRICE BD MBR VEHICLE X 18957 13777 0 1 1 ROBERT GOMEZ BD MBR HOME ADVANTAGE X 24000 11179 0 1 1 JULIE GERMERAAD JAMES OFFICER MORTGAGE X 153000 140938 0 1 1 DENISE CAROTHERS BD MBR HOME EQUITY X 120000 60281 0 1 1 DENISE CAROTHERS BD MBR VEHICLE X 38687 14641 0 1 1 KEVIN PIEPER OFFICER MORTGAGE X 224500 167764 0 1 1 KEVIN PIEPER OFFICER HOME EQUITY X 41800 35502 0 1 1 TERRY BRAHM OFFICER VEHICLE X 65000 25435 0 1 1 TERRY BRAHM OFFICER HOME EQUITY X 35127 31370 0 1 1 MATTHEW MCCOMBS OFFICER MORTGAGE X 429300 408268 0 1 1 JAY ENGLAND OFFICER VEHICLE X 38375 23114 0 1 1 STEVE DUCEY BD MBR VEHICLE X 22303 16490 0 1 1 NATHAN SONDGEROTH BD MBR VEHICLE X 21600 15458 0 1 1 BRENT PETERSON BD MBR MORTGAGE X 195000 173741 0 1 1 1423121 FORM 990, PART VI, SECTION A, LINE 6 DHCU HAS MEMBERS THAT HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A DHCU HAS MEMBERS THAT HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 MCGLADREY LLP, THE ACCOUNTING FIRM PREPARING THE 990 TAX RETURN FOR DHCU, WILL PRESENT THE FINAL FORM 990 TO THE BOARD OF DIRECTORS AND PROVIDE AN OVERVIEW OF THE INFORMATION REPORTED PRIOR TO THE FILING OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C EXECUTIVES, MANAGERS, AND EMPLOYEES MUST AVOID ANY CONFLICTS OF INTEREST BETWEEN THEMSELVES AND DHCU. SPECIFICALLY, NO EXECUTIVE, MANAGER, OR EMPLOYEE SHALL MAKE ANY INVESTMENT, ACCEPT ANY POSITION OR BENEFITS, PARTICIPATE IN ANY TRANSACTION OR BUSINESS ARRANGEMENT OR OTHERWISE ACT IN A MANNER THAT CREATES OR APPEARS TO CREATE A CONFLICT OF INTEREST WITH DHCU UNLESS SUCH PERSON MAKES FULL DISCLOSURE OF ALL FACTS AND CIRCUMSTANCES TO, AND OBTAINS THE PRIOR WRITTEN APPROVAL OF THE VICE PRESIDENT OF HUMAN RESOURCES. ADDITIONALLY, DHCU REQUIRES ALL INTERESTED PERSONS DICLOSE ANNUALLY ANY RELATIONSHIP THAT COULD GIVE RISE TO A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A IN JANUARY THE EXECUTIVE COMMITTEE COMPLETES THE PRESIDENT/CEO'S ANNUAL REVIEW BASED ON TWO SECTIONS: 1. OBJECTIVE FACTORS BASED ON DHCU'S FINANCIAL PERFORMANCE, AND 2. SUBJECTIVE FACTORS BASED ON HOW THE EXECUTIVE COMMITTEE FEELS THE PRESIDENT/CEO HAS PERFORMED THE DUTIES AND RESPONSIBILITIES OF HIS POSITION. THIS PROCESS RESULTS IN A SUMMARY SCORE THAT IS APPLIED TO A SALARY RANGE TABLE THAT DETERMINES THE YEAR END BONUS PERCENTAGE AND ANNUAL BASE PAY INCREASE OF THE PRESIDENT/CEO. THE ENTIRE PROGRAM WAS DEVELOPED BY BAUSCHKE AND ASSOCIATES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 24E MISCELLANEOUS EXPENSE 604,029. NCUSIF EXPENSE 312,543. PICK YOUR PERK 301,503. BILL PAYER EXPENSE 299,367. MORTGAGE EXPENSE 250,140. DATA PROCESSING EXPENSE 207,880. FORECLOSED REAL ESTATE EXPENSE 104,894. EDUCATION EXPENSE 99,227. LOAN RECORDING FEE EXPENSE 93,120. SUPERVISION EXPENSE 75,377. CONSUMER CREDIT REPORT EXPENSE 74,756. LEAGUE DUES & OTHER EXPENSES 74,395. REAL ESTATE TAX SERVICE 60,059. EQUIPMENT RENTAL & MAINTENANCE EXPENSE 47,786. CHECK LOSS EXPENSE 32,486. CHEX SYSTEM/SCREENING EXPENSE 31,457. FINANCIAL PLANNING EXPENSE 30,863. PROVISION FOR OVERDRAFT EXPENSE 26,571. FREE CHECK EXPENSE 26,394. ILLINOIS SALES TAX EXPENSE 21,550. SUBSCRIPTIONS & PUBLICATIONS EXPENSE 21,087. SAVINGS WRITE OFF EXPENSE 15,331. VEHICLES IN LIQUIDATION EXPENSE 6,741. DHCU ERROR EXPENSE 5,627. BROKERS FEE EXPENSE 2,010. CASH OVER(SHORT) EXPENSE 628. DEBT PROTECTION 48. I-PAY EXPENSES 2. FORM 990, PART IV, LINE 12A & PART XII, LINE 2B & 2D THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED ON A SEPARATE BASIS BY AN INDEPENDENT ACCOUNTANT. HOWEVER, THE STATEMENTS ARE AUDITED ON A FISCAL YEAR-END OF MARCH 31, 2014 WHILE THE ORGANIZATION'S TAX YEAR-END IS DECEMBER 31, 2013.