2024-10-14T10:52:23-05:00 2023-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2023-01-01 526050014 MARYLAND AND DISTRICT OF COLUMBIA CREDIT UNION ASSOCIATION INCORPORATED MARY 4102906858 9891 BROKEN LAND PKWY 405 COLUMBIA MD 21046 JOHN BRATSAKIS PRESIDENT/CEO 4102906858 2024-10-08 1 1 VALENTINO CREUS CPA P01054153 8189549700 2023 2024-10-15 13:58:12Z JOHN BRATSAKIS 9891 BROKEN LAND PKWY 405 COLUMBIA MD 21046 2111436 0 X WWW.MDDCCUA.ORG X 1934 MD ADVOCACY, EDUCATION, AND SERVICES FOR CREDIT UNIONS IN MARYLAND AND THE DISTRICT OF COLUMBIA. 12 12 10 21 0 0 0 0 1745514 1936790 12981 46602 -135571 128044 1622924 2111436 0 0 0 0 824062 892828 0 0 0 908390 1190398 1732452 2083226 -109528 28210 5289327 5797527 3377997 3857986 1911330 1939541 ADVOCACY, EDUCATION, AND SERVICES FOR CREDIT UNIONS IN MARYLAND AND THE DISTRICT OF COLUMBIA. 0 0 ADVOCACY- REPRESENT OUR CREDIT UNION MEMBERSHIP AND THEIR INTERESTS WITH LOCAL, STATE, AND FEDERAL LEGISLATORS. EDUCATION- PROVIDE EDUCATION ON INDUSTRY-SPECIFIC ISSUES, REGULATORY COMPLIANCE, ETC. SERVICES- PROVIDE SERVICES TO CREDIT UNIONS ON INDUSTRY-SPECIFIC ISSUES, STRATEGIC PLANNING, ETC. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 9 0 1 10 1 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X LENA GARCIA VP FINANCE 8004698656 PLEXCITY - 2100 E ROUTE 66 SUITE GLENDORA CA 917404623 LAURA EACHO CHAIR 1.00 X X 0 0 0 KRISTIN SHULTZ VICE CHAIR 1.00 X X 0 0 0 JEFFREY GOFF TREASURER 1.00 X X 0 0 0 BECKY MCKENZIE SECRETARY 1.00 X X 0 0 0 JOHN HAMILTON DIRECTOR 0.50 X 0 0 0 THERESA MANN DIRECTOR 0.50 X 0 0 0 DAVID SWEIDERK DIRECTOR 0.50 X 0 0 0 JOE SPARACINO DIRECTOR 0.50 X 0 0 0 RICK WIECZOREK DIRECTOR 0.50 X 0 0 0 TIMOTHY ANDERSON DIRECTOR 0.50 X 0 0 0 VICKI JOHNSTON DIRECTOR 0.50 X 0 0 0 TONI NIEDZIALKOWSKI DIRECTOR 0.50 X 0 0 0 JOHN BRATSAKIS PRESIDENT/CEO 30.00 10.00 X 532265 0 73544 MICHELLE BYRNIE-PARKER SVP/CHIEF PUBLIC AFFAIRS OFFICER 30.00 10.00 X 192853 0 54291 725118 0 127835 1 0 1 0 PLEXCITY A COOPERATIVE ASSOCIATION 2100 E ROUTE 66 SUITE 101 GLENDORA CA 917404623 ACCOUNTING AND OTHER SERVICES 176695 PROVIDENCE STRATEGIES LLC 77 MARYLAND AVENUE ANNAPOLIS MA 21401 GOVERNMENT RELATIONS 115000 1 MEMBERSHIP DUES 900099 1602299 1602299 ANNUAL MEETING & CONVE 900099 305566 305566 EDUCATIONAL CONFERENCE 900099 28925 28925 1936790 46602 46602 EARNINGS IN SUBSIDARY 900099 127403 127403 OTHER INCOME 900099 641 641 128044 2111436 2064834 0 46602 X 543838 103500 104557 91887 49046 8592 9435 116420 230306 10734 32074 95850 61291 288530 40028 12280 OVERHEAD ALLOCATION TO 447395 MEMBERS BENEFITS 34974 OTHER EXPENSES 27924 RECEPTIONS 17716 -243151 2083226 1511950 955417 3412224 4243038 179970 189102 296949 165637 172716 131312 -358770 -111367 59444 59444 311793 330581 5289327 5797527 693522 612873 812270 641861 1872205 2603252 3377997 3857986 X 1911330 1939541 1911330 1939541 5289327 5797527 X 28210 1 X X 1 X 0 1 0 116420 1 0 0 PART I-A, LINE 1: THE ORGANIZATION IS NOT INVOLVED IN ANY DIRECT POLITICAL CAMPAIGN ACTIVITY. THE ORGANIZATION'S ONLY INDIRECT POLITICAL CAMPAIGN ACTIVITIES ARE THE PAYMENTS OF LOBBYING FEES AND CERTAIN ADMINSTRATIVE EXPENSES RELATED TO THE POLITICAL ACTION PROGRAMS AT THE FEDERAL LEVEL IN SUPPORT OF CREDIT UNION ISSUES IN THE LEGISLATIVE AND REGULATORY ARENAS. 0 0 43968 10666 33302 252981 154971 98010 131312 SECURITY DEPOSITS 11247 DEFERRED COMPENSATION INVESTMENTS 319334 330581 SERP BENEFIT LIABILITY 12500 POST RETIREMENT LIABILITY 16188 POST RETIREMENT LIABILITY - CURRENT PORTION 2837 LEASE LIABILITY 1408653 DUE TO CUSI 1163074 2603252 X PART X, LINE 2: THE ASSOCIATION IS A NONPROFIT ORGANZIATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION EVALUTED ITS TAX POSITION AND DETERMINED THAT THEIR POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED ON EXAMINATION. THE ASSOCIATION IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. THE ASSOCIATION HAD NO TAXABLE INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. X X X X X 0 1 0 JOHN BRATSAKIS PRESIDENT/CEO 370533 0 135866 0 25866 0 33000 0 40544 0 605809 0 0 0 MICHELLE BYRNIE-PARKER SVP/CHIEF PUBLIC AFFAIRS OFFICER 178808 0 12358 0 1687 0 19458 0 34833 0 247144 0 0 0 PART I, LINE 4B THE ASSOCIATION OFFERS A SERP TO AN EXECUTIVE OFFICER FOR DEFERRED COMPENSATION RETENTION BENEFITS. THE ASSOCIATION ACCRUES THE BENEFITS OVER THE REMAINING NUMBER OF YEARS TO THE EXPECTED PAYOUT DATES. THE LIABILITY FOR THE SERP BENEFIT AMOUNTED TO $12,500 AND $72,222 AS OF DECEMBER 31, 2023 AND 2022, RESPECTIVELY. DURING 2023, $100,000 WAS WITHDRAWN BY THE EXECUTIVE OFFICER. THE ASSOCIATION'S EXPENSE FOR THE SERP WAS $40,278 AND $33,333 FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, RESPECTIVELY. THE ASSOCIATION HAS PURCHASED LIFE INSURANCE POLICIES FOR THE EXPECTED BENEFITS. THE POLICIES ARE RECORDED AT CSV, AND INCREASES OR DECREASES IN CSV ARE INCLUDED IN INVESTMENT INCOME. THE CSV OF THE LIFE INSURANCE POLICY AS OF DECEMBER 31, 2023 AND 2022 IS $319,334 AND $300,546, RESPECTIVELY. FORM 990, PART VI, SECTION A, LINE 6 DUES PAYING MEMBER CREDIT UNIONS ARE HEADQUARTERED IN MARYLAND OR THE DISTRICT OF COLUMBIA. ASSOCIATE MEMBER CREDIT UNIONS ARE HEADQUARTERED IN ANOTHER STATE, BUT HAVE A BRANCH IN MARYLAND, THE DISTRICT OF COLUMBIA, OR BOTH. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER CREDIT UNION MAY VOTE ONCE PER ELECTION. FORM 990, PART VI, SECTION A, LINE 7B DUES PAYING MEMBER CREDIT UNIONS MAY VOTE TO CHANGE THE DUES STRUCTURE, CHANGE THE BYLAWS, OR TO MERGE. FORM 990, PART VI, SECTION B, LINE 11B THE ASSOCIATION SENDS A COPY OF FORM 990 ELECTRONICALLY TO MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH REQUIRED DISCLOSURE IF AND WHEN A CONFLICT ARISES. FORM 990, PART VI, SECTION B, LINE 15 TO DETERMINE THE PRESIDENT/CEO'S COMPENSATION, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS SALARY STUDIES AND MAKES RECOMMENDATIONS TO THE BOARD OF DIRECTORS. TOP MANAGEMENT AND OTHER EMPLOYEE'S SALARIES ARE BENCHMARKED BY PLEXCITY SHARED SERVICE COMPANY EVERY THREE YEARS. JOB DESCRIPTIONS ARE REVIEWED AND EACH POSITION IS GRADED WHICH PLACES IT IN A RANGE OF SALARIES WITH A MINIMUM, MIDDLE, AND MAXIMUM. PLACEMENT IN THE RANGE IS BASED UPON EDUCATION AND EXPERIENCE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE ON THE ASSOCIATION WEBSITE AND ARE DISTRIBUTED AT THE ANNUAL MEETING. FORM 990, PART IX, LINE 11G CONSULTING AND OTHER BUSINESS SERVICES 53,611. SUPPORT SERVICE FEES 176,695. FORM 990, PART XI, LINE 9: ROUNDING 1. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CU SERVICES INC 9891 BROKEN LAND PKWY SUITE 405 COLUMBIA MD 21046 521864200 CREDIT UNION SERVICES MD MARYLAND AND DISTRICT OF COLUMBIA CREDIT UNION ASSOCIATION INC C 1057027 3172269 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 CU SERVICES INC P 447395 COST CU SERVICES INC Q 262718 COST CU SERVICES INC N 0 COST CU SERVICES INC O 0 COST