2011-11-28T18:08:55-06:00 2010-12-31 CLIFTON GUNDERSON LLP 3003 N CENTRAL AVE STE 500 PHOENIX AZ 85012 990 2010-01-01 420190489 COLLINS COMMUNITY CREDIT UNION COLL 3193939000 1150 42ND STREET NE CEDAR RAPIDS IA 52402 RICHARD J BENHART 3193939000 2011-11-28 1 K FINCHER 6022662248 2010 2016-02-24 21:20:13Z RICHARD J BENHART 1150 42ND STREET NE CEDAR RAPIDS IA 52402 45531636 0 X WWW.COLLINSCU.ORG X 1940 IA THE CREDIT UNION PROVIDES LOW COST FINANCIAL SERVICES TO QUALIFIED MEMBERS. 10 10 226 10 82485 -38785 0 0 30478509 31870632 3478620 3673224 -2314 -5536 33954815 35538320 0 0 0 0 10257501 10983512 0 0 0 19813879 19260497 30071380 30244009 3883435 5294311 544990208 618865843 493744703 562441159 51245505 56424684 MEMBER-OWNED FINANCIAL COOPERATIVE THAT PROVIDES DEPOSIT, LOAN AND OTHER FINANCIAL SERVICES TO MEMBER-OWNERS. 0 0 FINANCIAL DEPOSIT, LOAN AND SERVICE ACCOUNTS 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 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 22510 0 1 226 1 1 1 0 0 0 0 0 0 0 X 10 10 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 IA X LAURIE BUTLER 3193956405 1150 42ND STREET NE CEDAR RAPIDS IA 52402 BARRY E STUMP 1.00 X 2970 0 0 CYNTHIA BONEBRIGHT 1.00 X 0 0 0 JAMES J FINERTY 1.00 X 3058 0 0 JAMES LOCKE 1.00 X 1182 0 0 JEROME J GASPAR 1.00 X 8569 0 0 LARRY A ERICKSON 1.00 X 1357 0 0 MARSHA SCHULTE 1.00 X 0 0 0 MARTIN F CUTTER 1.00 X 1353 0 0 PETER R SEYFER 1.00 X 1139 0 0 TOM MANOR 1.00 X 0 0 0 WILLIAM J KOOISTRA 1.00 X 1093 0 0 RICHARD J BENHART 40.00 X 257358 0 18976 LAURIE BUTLER 40.00 X 151839 0 12987 STEVEN SHEPHERD 40.00 X 168091 0 15712 JERALD BURNS 40.00 X 105720 0 12753 RUTH PEDERSON 40.00 X 107312 0 4555 TIM SEBETKA 40.00 X 116390 0 5197 KAREN SWALLEY 40.00 X 106066 0 12312 SANDRA WHITTERS 40.00 X 107733 0 5664 1141230 0 88156 8 0 1 0 FISERV 75 REMITTANCE DRIVE SUITE 6974 CHICAGO IL 606756974 DATA PROCESSING SERVICES 1977887 BRADLEY & RILEY PC PO BOX 2804 CEDAR RAPIDS IA 524062804 LEGAL SERVICES 297376 DIEBOLD INC PO BOX 643543 PITTSBURGH PA 152643543 EQUIPMENT REPAIR 181269 HIGH STANDARDS CORP 3939 16TH AVE SW CEDAR RAPIDS IA 52404 PRINTING SERVICES 111579 PRIMUS CONSTRUCTION INC 2000 PROGRESS DRIVE HIAWATHA IA 52233 CONSTRUCTION AND REMODELING CONTRACTOR 105339 6 PROGRAM SERVICE REVENU 511110 31788147 31788147 UNRELATED BUSINESS INC 524298 82485 82485 31870632 3664699 3664699 10000000 1841 9984352 8964 15648 -7123 8525 8525 NET INCOME (LOSS) FROM 522100 -5536 -5536 -5536 35538320 31791136 82485 3664699 1229386 6996060 1267939 870894 619233 63429 62625 3437738 494070 696005 762239 8064124 1042257 55130 OPERATIONS 3220024 PROVISION FOR LOSSES 694818 OTHER EXPENSES 668038 30244009 45888352 34779961 403974737 439024482 19448896 9694659 10040368 9754237 72305161 109721791 12781590 25585372 544990208 618865843 493744703 552441159 0 10000000 493744703 562441159 X 0 0 0 0 51245505 56424684 51245505 56424684 544990208 618865843 X 5294311 -115132 X X 0 1 1 X 0 2074301 2074301 9754757 4206276 5548481 647070 180934 466136 2095276 1711271 384005 4877492 3596178 1281314 9754237 AVAILABLE-FOR-SALE 108133791 F FHLB STOCK 1188000 C OTHER INVESTMENTS 400000 C 109721791 BORROWED FUNDS FHLB 10000000 10000000 35538320 30244009 5294311 -115132 -115132 5179179 35710784 172464 172464 35538320 0 35538320 30416474 172465 172465 30244009 0 30244009 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WAS ISSUED TO CREATE A SINGLE MODEL TO ADDRESS ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS. THIS STANDARD CLARIFIES THAT ACCOUNTING FOR INCOME TAXES BY PRESCRIBING A MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THIS STANDARD ALSO PROVIDES GUIDANCE ON DERECOGNITION, MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE CREDIT UNION ADOPTED THIS STANDARD ON JANUARY 1, 2009. AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD, THE CREDIT UNION DID NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN UNREALIZED GAIN ON SECURITIES AVAILABLE-FOR-SALE 841,878. LOSS INCURRED IN CURRENT YEAR ON PENSION BENEFIT OBLIGATION -957,010. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM DISREGARDED ENTITY NETTED ON FORM 990 172,465. ROUNDING -1. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM DISREGARDED ENTITY NETTED ON FORM 990 172,465. X X X X 1 1 X X X 0 1 0 RICHARD J BENHART 193507 0 50166 0 13685 0 8575 0 10401 0 276334 0 0 0 LAURIE BUTLER 124278 0 26454 0 1107 0 3540 0 9447 0 164826 0 0 0 STEVEN SHEPHERD 133409 0 33482 0 1200 0 6106 0 9606 0 183803 0 0 0 PART I, LINE 4B RICHARD J. BENHART- NONQUALIFIED 457 PLAN PARTICIPANT $6,000.00 LIST OF STATES WITH QUALIFIED HEALTH PLANS FORM 990, PART V, LINE 13A IA FORM 990, PART VI, SECTION A, LINE 2 EMPLOYEE TIM MEIER HAS A FAMILY RELATIONSHIP WITH EMPLOYEE SAMANTHA MEIER AND EMPLOYEE SCOTT MEIER, EMPLOYEE CARL QUINT HAS A FAMILY RELATIONSHIP WITH EMPLOYEE EMILIE QUINT, EMPLOYEE TRAVIS KOLDER HAS A FAMILY RELATIONSHIP WITH EMPLOYEE CHRISTY KOLDER, EMPLOYEE CHERYL BELL HAS A FAMILY RELATIONSHIP WITH EMPLOYEE HEIDI SHAW. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ANY MERGERS NEED TO HAVE MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11 THE FORM WILL BE REVIEWED 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 CREDIT UNION USES CREDIT UNION NATIONAL ASSOCIATION (CUNA) WAGES SURVEYS, OTHER MARKET SURVEYS AND 990 REPORTS FROM COMPARABLE ORGANIZATIONS WHEN DETERMINING COMPENSATION OF THE CEO, OTHER OFFICERS, AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO PRINTED AND HANDED OUT AT THE ANNUAL MEETING TO THE MEMBERSHIP. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CHANGE IN UNREALIZED GAIN ON SECURITIES AVAILABLE-FOR-SALE 841,878. LOSS INCURRED IN CURRENT YEAR ON PENSION BENEFIT OBLIGATION -957,010. TOTAL TO FORM 990, PART XI, LINE 5: -115,132. 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 74948 1845426 COLLINS COMMUNITY CREDIT UNION