2012-08-08T19:09:26-00:00 2011-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2011-01-01 480570799 MERITRUST CREDIT UNION MERI 3166831199 8710 EAST 32nd STREET NORTH WICHITA KS 67226 MAHLON MCCALEB 2012-08-07 true DOUGLAS ORTH 3052328272 2012-08-07 2011 2016-02-24 21:20:13Z MERITRUST CREDIT UNION ROBERT CORWIN 8710 EAST 32ND STREET NORTH WICHITA KS 67226 57095612 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 5 272 14 358604 -824 0 42145871 44340846 2654689 2751461 3977982 3767743 48778542 50860050 0 0 11758842 12194412 0 0 30241306 31385510 42000148 43579922 6778394 7280128 698186847 760340522 629145899 684778061 69040948 75562461 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 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 12906 0 true 272 true true true false false false false false X 5 5 false false false false true true false true true false false true true true true true true true true false X ROBERT CORWIN 3166831199 8710 EAST 32 STREET NORTH WICHITA KS 67226 MARCI JOHNSON 007.00 X 0 0 0 STEVE DUNN 007.00 X 10181 0 0 RICK DODDS 007.00 X 1213 0 0 KEN GRETEMAN 007.00 X 0 0 0 DUANE VAN CAMP 007.00 X 0 0 0 ROBERT CORWIN 040.00 X 339149 0 10779 MAHLON MCCALEB 040.00 X 220897 0 5676 WADE BRUENDL 040.00 X 183632 0 9303 BRIAN DAVIDSON 040.00 X 147652 0 8190 STEPHANIE FARBER 040.00 X 167020 0 8610 EVAN WILSON 040.00 X 131901 0 8988 ANGELA BACK 040.00 X 101773 0 7565 BYRON STOUT 040.00 X 110838 0 3175 1414256 62286 8 false true false FRIESEN 7223 E SHOAL CREEK WICHITA KS 67226 ADVERTISING 355885 TECHNICAL PROGRAMMING 5544 104TH EAST AVENUE TULSA OK 74146 MEMBER STATEMENTS 186355 DIEBOLD INC PO BOX 643543 PITTSBURG PA 15264 SERVICE ATMS 140415 BRUCE BRUCE AND LEHMAN PO BOX 75037 WICHITA KS 67275 COLLECTION ATTORNEY 123464 INTUIT FINANCIAL SERVICES PO BOX 515306 LOS ANGELES CA 90051 MOBILE BANKING/WEB CONNECT 385545 10 INCOME FROM LOANS 522100 39194022 39194022 FEES/CHARGES 522100 4788220 4788220 UNRELATED INVESTMENT AND ATM INCOME 523000 312964 312964 UNRELATED WARRANTY INCOME 524298 45640 45640 44340846 2479979 2479979 6507044 6235562 271482 271482 271482 MISCELLANEOUS INCOME 522100 3767743 3767743 3767743 50860050 50501446 358604 0 0 0 0 1112302 1112302 0 8206860 8206860 298895 298895 1834003 1834003 742352 742352 126198 126198 32151 32151 98619 98619 0 0 391606 391606 1360401 1360401 2928279 2928279 671837 671837 0 1682813 1682813 0 0 222638 222638 9433619 9433619 137252 137252 2145875 2145875 132215 132215 SEE ATTACHED SCHEDULE 12022007 12022007 0 43579922 43579922 50604260 56127395 4910703 4910703 3245464 3708883 524588603 590993726 976524 4743244 38954956 14887642 25054831 24067314 76079212 55866135 12727250 19923122 698186847 760340522 7650397 8900552 45900000 45600000 575595502 630277509 629145899 684778061 X 69040948 75562461 69040948 75562461 698186847 760340522 X 7280128 -758615 X false true true X false false 5535491 5535491 17858770 3577431 14281339 947598 654379 293219 14613097 10655832 3957265 24067314 SHARE DRAFTS 99785782 SHARES 112133031 MONEY MARKET ACCOUNTS 75986923 IRA SHARES 62643930 SHARE AND IRA CERTIFICATES 279727843 630277509 50860050 43579922 7280128 -23495 -735120 -758615 6521513 50860050 50860050 50860050 43579922 43579922 43579922 X 2 FASB ASC 740-10-25 CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE 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. AS A RESULT OF ADOPTING ASC 740-10-25, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND X 2 continued... ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2010, 2009, AND 2008 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. X 2 continued... 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. XI 8 RECLASSIFICATION ADJUSTMENTS FOR GAINS FROM THE SALE OF AVAILABLE-FOR-SALE SECURITIES INCLUDED IN NET INCOME OF 264,336 PLUS NET PENSION LOSSES OF 470,784 EQUALS 735,120. X false false false ROBERT CORWIN 304149 35000 7732 3047 349928 MAHLON MCCALEB 195448 25449 1975 3701 226573 WADE BRUENDL 162613 21019 5736 3567 192935 BRIAN DAVIDSON 142649 5003 4744 3446 155842 STEPHANIE FARBER 147416 19604 5102 3508 175630 Form 990 Part VI 6 THE CREDIT UNION HAS MEMBERS. Form 990 Part VI 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. Form 990 Part VI 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 FILED. Form 990 Part VI 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 15AB INDUSTRY DATA FROM GROUP CUES, CUNA, AND CALLAHAN ASSOCIATES IS USED AS WELL AS PEER REVIEWS. Form 990 Part VI 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 5 UNREALIZED LOSS ON INVESTMENTS CLASSIFIED AS AVAILABLE-FOR-SALE IN THE AMOUNT OF 23,495 PLUS 264,336 RECLASSIFICATION ADJUSTMENTS FOR GAINS FROM THE SALE OF AVAILABLE-FOR-SALE SECURITIES INCLUDED IN NET INCOME PLUS NET PENSION LOSSES OF 470,784 EQUALS 758,615. 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 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 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 5 UNREALIZED LOSS ON INVESTMENTS CLASSIFIED AS AVAILABLE-FOR-SALE IN THE AMOUNT OF 23,495 PLUS 264,336 RECLASSIFICATION ADJUSTMENTS FOR GAINS FROM THE SALE OF AVAILABLE-FOR-SALE SECURITIES INCLUDED IN NET INCOME PLUS NET PENSION LOSSES OF 470,784 EQUALS 758,615. CUSTOM FINANCIAL RESOURCES INC 8710 E 32ND STREET NORTH WICHITA KS 67226 481231931 FINANCIAL KS MERITRUST CREDIT UNION C Corp 93120 311054 1.00000 false false false false false false false false false false false false true true false false false false MERITRUST CREDIT UNION m 6000 ESTIMATE MERITRUST CREDIT UNION n 61000 ESTIMATE