2025-10-21T10:40:39-05:00 2024-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 660616454 990 2024-01-01 480477295 CREDIT UNION OF AMERICA CRED 3162653272 PO BOX 47528 WICHITA KS 67201 SAM GROVE CFO 3162653272 2025-10-21 1 0 GERALD TENBRINK P00638199 9138946214 2025-10-20 2024 2025-03-06 01:10:19Z FRANK SHOFFNER PO BOX 47528 WICHITA KS 67201 112083414 0 X WWW.CUOFAMERICA.COM X 1935 KS PROVIDE LENDING, SAVINGS, AND FINANCIAL SERVICES FOR MUTUAL PURPOSE, INCLUDING CONSUMER LOANS, REAL ESTATE LOANS, CREDIT CARDS, SAVINGS AND CERTIFICATE ACCOUNTS, INVESTMENT OPTIONS, AND MULTIPLE METHODS FOR MEMBER ACCESS TO THEIR FINANCIAL SERVICES AND RESOURCES. 9 9 369 9 278064 0 0 0 89336491 106700181 2979800 4245296 1271539 1137937 93587830 112083414 116920 122170 0 0 25218414 26548962 0 0 0 55449102 73034668 80784436 99705800 12803394 12377614 1514756460 1640677742 1326798639 1439972086 187957821 200705656 PROVIDE LENDING, SAVINGS, AND FINANCIAL SERVICES FOR MUTUAL PURPOSE, INCLUDING CONSUMER LOANS, REAL ESTATE LOANS, CREDIT CARDS, SAVINGS AND CERTIFICATE ACCOUNTS, INVESTMENT OPTIONS, AND MULTIPLE METHODS FOR MEMBER ACCESS TO THEIR FINANCIAL SERVICES AND RESOURCES. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 100,177 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2024, LOANS OUTSTANDING TOTALED $1,364,139,153, INCLUDING LOAN PARTICIPATIONS. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $32,365,264 FOR THE YEAR. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 33790 0 1 369 1 1 1 0 0 0 0 0 1 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X SAM GROVE 3162653272 8200 EAST 32ND ST N WICHITA KS 67226 RICHARD GILSTRAP CHAIRMAN 3.75 X 0 0 0 DEAN LANG VICE CHAIRMAN 2.00 X 0 0 0 STANLEY LONGHOFER TREASURER 3.00 X 0 0 0 MARY KAY GLASNER SECRETARY 1.00 X 0 0 0 KEVIN KIENZIE DIRECTOR 1.00 X 0 0 0 MARY SINGLETON DIRECTOR 1.50 X 0 0 0 WARREN BRIGGEMAN DIRECTOR 1.00 X 0 0 0 BRIAN MCGUIRE DIRECTOR 2.00 X 0 0 0 CLINTON KOKER DIRECTOR 1.00 X 0 0 0 FRANK SHOFFNER CEO 45.00 X 1085409 0 183008 LEA ANN GABBERT CAO 45.00 X 319597 0 102676 DAVID GERMANN CLO (TERMINATED) 45.00 X 248097 0 6015 SAM GROVE CFO 45.00 X 271998 0 91669 JON DOUGLAS CIO 45.00 X 252037 0 17611 NICOLE EL-CHAMI COO 45.00 X 229304 0 24247 DREW DROEGEMEIER CLO 45.00 X 172725 0 20327 JIM JACOBS SVP RISK & ACCOUNTING 45.00 X 195028 0 13724 KYM MONEY VP MARKETING 45.00 X 195330 0 24451 GINA EVANS VP HUMAN RESOURCES 45.00 X 182118 0 20653 ROY MANSCH VP RETAIL OPERATIONS 45.00 X 181759 0 12798 HEATHER BAKER REAL ESTATE LOAN OFFICER 45.00 X 202614 0 31580 3536016 0 548759 33 0 1 0 0 INTEREST ON LOANS 522130 83610202 83610202 VISA INTERCHANGE 522130 10333708 10333708 FEES & OTHER CHARGES 522130 8771866 8771866 INSURANCE SALES 522130 2921967 2757088 164879 ALL OTHER 522130 835170 721985 113185 227268 227268 106700181 4245296 4245296 135066 135066 OTHER NON-OP INC (DEFERRED COMP) 522130 828410 828410 OTHER NON-OP INC/LOSS 522130 174461 174461 1002871 112083414 111805350 278064 0 122170 2595703 18595061 1105860 2700395 1551943 21669 2182209 383234 2699942 3485661 7975068 1899567 140287 752355 4786986 3398310 386312 DIVIDENDS 32365264 PROVISION FOR LOAN LOSS 6692238 LOAN SERVICING 5001797 ASSOCIATION DUES 148320 715449 99705800 18273595 16809991 85954761 126195669 1350647 1917675 1264810643 1353513485 7707776 8820986 64678535 32229736 32772029 32448799 39160073 32377330 25206409 23280130 39520527 45313677 1514756460 1640677742 16642470 8704075 2006467 1580902 116750000 95180800 1191399702 1334506309 1326798639 1439972086 X 0 0 0 0 187957821 200705656 187957821 200705656 1514756460 1640677742 12377614 370221 0 X 0 0 0 CREDIT UNION PAC OF KANSAS 901 SW TOPEKA BLVD TOPEKA KS 66612 480949548 4797863 4797863 32419091 10379825 22039266 455007 57910 397097 27006574 21792001 5214573 32448799 MEMBER SHARE DEPOSITS 1332930241 ACCRUED LIABILITY - DEFERRED COMP PLAN 1575299 ACCRUED DIVIDENDS PAYABLE 769 1334506309 X 112083414 0 112083414 0 112083414 99705800 0 99705800 0 99705800 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS FOR UNRELATED BUSINESS INCOME ACTIVITIES IT HAS DEEMED TAXABLE. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2023 AND 2022. THE CREDIT UNION'S TAX YEARS 2020 AND BEYOND ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: POST AUDIT ADJUSTMENT FOR CUSO ERROR PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 1 TGIF TEACHER CLASSROOM GRANTS 102 90070 SCHOLARSHIPS COLLEGE STUDENTS 12 24000 NURSING STUDENT SCHOLARSHIPS 3 900 PART I, LINE 2: -MOST TGIF TEACHER CLASSROOM GRANTS ARE PUBLICLY PRESENTED AND ARE AWARDED FOR A SPECIFIC PURPOSE. AWARENESS OF THE GRANT HELPS ENSURE IT IS USED FOR THE INTENDED PURPOSE, BUT THERE IS NO EXPLICIT POST-AWARD MONITORING. -COLLEGE SCHOLARSHIPS ARE DISBURSED DIRECTLY TO THE STUDENT, UPON PROOF OF ENROLLMENT. -AMOUNTS FOR NURSING SCHOLARSHIPS ARE DISTRIBUTED DIRECTLY TO THE NURSING SCHOOL FOR BENEFIT OF THE RECIPIENT. X X X X X 1 1 0 FRANK SHOFFNER CEO 541420 0 526634 0 17355 0 164747 0 18261 0 1268417 0 345928 0 LEA ANN GABBERT CAO 254936 0 64001 0 660 0 94880 0 7796 0 422273 0 0 0 SAM GROVE CFO 219002 0 52608 0 388 0 75038 0 16631 0 363667 0 0 0 JON DOUGLAS CIO 204297 0 47100 0 640 0 17611 0 0 0 269648 0 0 0 DAVID GERMANN CLO (TERMINATED) 133810 0 114287 0 0 0 6015 0 0 0 254112 0 83089 0 NICOLE EL-CHAMI COO 193431 0 35522 0 351 0 16631 0 7616 0 253551 0 0 0 HEATHER BAKER REAL ESTATE LOAN OFFICER 202051 0 500 0 63 0 14283 0 17297 0 234194 0 0 0 KYM MONEY VP MARKETING 151300 0 31549 0 12481 0 12826 0 11625 0 219781 0 0 0 JIM JACOBS SVP RISK & ACCOUNTING 159253 0 33570 0 2205 0 13724 0 0 0 208752 0 0 0 GINA EVANS VP HUMAN RESOURCES 149555 0 31205 0 1358 0 12857 0 7796 0 202771 0 0 0 ROY MANSCH VP RETAIL OPERATIONS 149994 0 31334 0 431 0 12798 0 0 0 194557 0 0 0 DREW DROEGEMEIER CLO 165346 0 7071 0 308 0 12418 0 7909 0 193052 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT TO PERFORM AN ANNUAL COMPENSATION SURVEY. THE EXECUTIVE COMMITTEE OF THE BOARD APPROVES CEO COMPENSATION ANNUALLY BASED ON THE COMPENSATION SURVEY BY THE CONSULTANT, WITHIN THE TERMS OF A WRITTEN CONTRACT AND BASED ON PRE-ESTABLISHED PERFORMANCE TARGETS. PART I, LINES 4A-B THE FOLLOWING OFFICERS PARTICIPATED IN A LONG-TERM INCENTIVE PLAN: FRANK SHOFFNER - $137,630 ACCRUAL; $345,890 PAYOUT. DAVID GERMANN - $0 ACCRUAL; $83,088 PAYOUT; $83,088 FORFEITURE LEA ANN GABBERT - $73,565 ACCRUAL; $0 PAYOUT. SAM GROVE - $56,630 ACCRUAL; $0 PAYOUT. WHEN THEY OCCUR, THE AMOUNTS OF LONG-TERM INCENTIVE PLAN PAYOUTS FOR PARTICIPANTS ARE REPORTED AS TAXABLE INCOME ON THE EXECUTIVE'S FORM W-2. FORM 990, PART VI, SECTION A, LINE 6 AS A STATE CHARTERED CREDIT UNION, WE HAVE MEMBERS BECAUSE A CREDIT UNION IS A MEMBER BASED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP ELECTS ALL DIRECTORS TO THE BOARD OF DIRECTORS WITH STAGGERED 3 YEAR TERMS AS PART OF OUR ANNUAL ELECTION PROCESS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP HAS RIGHTS, AS SPECIFIED IN BYLAWS AND APPLICABLE STATE LAWS, TO REVIEW AND APPROVE CERTAIN TYPES OF BOARD ACTIONS OR PROPOSALS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS DISTRIBUTED TO THE BOARD VIA AN ONLINE DIRECTORS DOCUMENT SYSTEM PRIOR TO FILING OF THE RETURN, AND IS SCHEDULED FOR FURTHER REVIEW AT THE SEPTEMBER 2024 BOARD MEETING. THE FORM 990 IS PREPARED BY OUR CFO AND IS REVIEWED AND SUBMITTED BY A CPA FIRM AT THE TIME OF THE RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS COMPLETE AND SIGN A DUE DILIGENCE QUESTIONNAIRE ANNUALLY, WHICH INCLUDES DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST. ALL EMPLOYEES, INCLUDING THE CEO AND OFFICERS, COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE, AS WELL AS DISCLOSURE OF ANY OFFERS OF GIFTS OR OTHER FINANCIAL INTEREST TO SEEK INAPPROPRIATE INFLUENCE. THERE IS A FOLLOW-UP REVIEW BY OUR INTERNAL AUDITOR TO ENSURE ALL EMPLOYEES SUBMIT A COMPLETED DISCLOSURE. FAMILY MEMBER ACCOUNTS ARE ALSO DOCUMENTED IN THIS PROCESS, AND ENTERED INTO THE CORE DATA SYSTEM TO PREVENT ACCESS TO RELATED ACCOUNTS. FORM 990, PART VI, SECTION B, LINE 15A AN EXTERNAL COMPENSATION CONSULTANT PROVIDES UPDATED COMPARATIVE COMPENSATION INFORMATION ANNUALLY. THIS DATA IS USED TO UPDATE MIDPOINT COMPENSATION FOR ALL JOB GRADES. THE CONSULTANT'S INFORMATION IS PROVIDED TO THE EXECUTIVE COMMITTEE OF THE BOARD, WHICH SETS CEO COMPENSATION IN FORMAL MEETINGS FOR WHICH MINUTES ARE KEPT. THE BOARD APPROVES CHANGES IN THE PERCENT CHANGES FOR MIDPOINT MIDPOINT COMPENSATION FOR ALL OTHER POSITIONS. THE CEO OPERATES WITHIN THE APPROVED GRADE AND MIDPOINT STRUCTURE AND BOARD-APPROVED BUDGET IN APPROVING COMPENSATION FOR OTHER OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND POLICIES, INCLUDING CONFLICT OF INTEREST POLICY, ARE AVAILABLE FOR INSPECTION AT OUR CORPORATE OFFICE. CERTAIN DOCUMENTS WITH PROPRIETARY INFORMATION OR CONTAINING PERSONAL INFORMATION OF MEMBERS ARE NOT MADE AVAILABLE. FINANCIAL STATEMENTS ARE POSTED IN OUR OFFICE LOBBIES, AND ANNUAL FINANCIAL STATEMENTS ARE DISTRIBUTED IN THE ANNUAL MEMBERSHIP MEETING PROCESS. IN ADDITION, THE NCUA WEBSITE POSTS DETAILED FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORT PROCESS.