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Nonprofiteer
← MAZUMA CREDIT UNION

Form 990 for tax year 2023

Filed by MAZUMA CREDIT UNION.

Totals

Total revenue
$64,995,519
Total expenses
$62,521,436
Contributions and grants received
$0
Grants paid
$90,000
Program service revenue
$57,474,537
Investment income
$5,929,311
Other revenue
$1,591,671
Total assets, end of year
$973,886,503
Total liabilities, end of year
$876,816,868
Net assets or fund balances, end of year
$97,069,635
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • RUSS PETRY

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • IKE NWABUONWU

    V. CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • JOHN LATHROP

    BOD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CARLA JOHNSON

    BOD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CLIFTON CARNEY

    BOD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEFF WESTMEYER

    BOD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW CATES

    BOD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHARON CLEAVER

    BOD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TINA FRYMER

    BOD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEONNE CHRISTENSEN

    CEO

    Total calculated
    $498,581
    From this org
    $463,283
    From related orgs
    $0
    Other
    $35,298
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $386,289
    Bonus
    $67,894
    Other
    $9,100
    Deferred
    $9,186
    Nontaxable benefits
    $26,112
    Filer's total
    $498,581

  • JUSTIN MOUZOUKOS

    CFO

    Total calculated
    $339,002
    From this org
    $311,087
    From related orgs
    $0
    Other
    $27,915
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $237,757
    Bonus
    $73,170
    Other
    $160
    Deferred
    $9,181
    Nontaxable benefits
    $18,734
    Filer's total
    $339,002

  • DANIEL ENGELHARD

    CLO

    Total calculated
    $412,301
    From this org
    $376,090
    From related orgs
    $0
    Other
    $36,211
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $237,418
    Bonus
    $138,442
    Other
    $230
    Deferred
    $10,099
    Nontaxable benefits
    $26,112
    Filer's total
    $412,301

  • BRAD REIN

    CIO

    Total calculated
    $321,753
    From this org
    $288,018
    From related orgs
    $0
    Other
    $33,735
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $218,172
    Bonus
    $69,776
    Other
    $70
    Deferred
    $8,198
    Nontaxable benefits
    $25,537
    Filer's total
    $321,753

  • MICHELLE WOOD

    CHIEF CULTURE & DIVERSITY OFFICER

    Total calculated
    $337,194
    From this org
    $299,482
    From related orgs
    $0
    Other
    $37,712
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $231,700
    Bonus
    $67,712
    Other
    $70
    Deferred
    $11,600
    Nontaxable benefits
    $26,112
    Filer's total
    $337,194

  • SEREPTHA J HELM

    CHIEF MEMBER OFFICER

    Total calculated
    $287,858
    From this org
    $263,271
    From related orgs
    $0
    Other
    $24,587
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $198,945
    Bonus
    $64,326
    Other
    $0
    Deferred
    $8,559
    Nontaxable benefits
    $16,028
    Filer's total
    $287,858

  • SEAN VOTH

    VP CONSUMER LENDING

    Total calculated
    $202,712
    From this org
    $184,625
    From related orgs
    $0
    Other
    $18,087
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,211
    Bonus
    $35,334
    Other
    $80
    Deferred
    $6,317
    Nontaxable benefits
    $11,770
    Filer's total
    $202,712

  • MARK THOMPSON

    VP GROWTH

    Total calculated
    $192,901
    From this org
    $168,214
    From related orgs
    $0
    Other
    $24,687
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,968
    Bonus
    $35,146
    Other
    $100
    Deferred
    $7,154
    Nontaxable benefits
    $17,533
    Filer's total
    $192,901

  • MICHAEL SCHRECK

    VP RISK MANAGEMENT

    Total calculated
    $192,820
    From this org
    $167,608
    From related orgs
    $0
    Other
    $25,212
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,098
    Bonus
    $35,410
    Other
    $100
    Deferred
    $7,335
    Nontaxable benefits
    $17,877
    Filer's total
    $192,820

  • CATHERINE SOLOMON

    VP BRANCH OPERATIONS

    Total calculated
    $186,725
    From this org
    $173,190
    From related orgs
    $0
    Other
    $13,535
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,361
    Bonus
    $30,559
    Other
    $270
    Deferred
    $7,028
    Nontaxable benefits
    $6,507
    Filer's total
    $186,725

  • TIMOTHY J SCHEER

    VP RETAIL OPERATIONS

    Total calculated
    $182,560
    From this org
    $157,895
    From related orgs
    $0
    Other
    $24,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,503
    Bonus
    $33,072
    Other
    $320
    Deferred
    $6,777
    Nontaxable benefits
    $17,888
    Filer's total
    $182,560

  • LAUREN CLEMENT

    VP MORTGAGE OPERATIONS

    Total calculated
    $160,662
    From this org
    $153,865
    From related orgs
    $0
    Other
    $6,797
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,403
    Bonus
    $45,382
    Other
    $80
    Deferred
    $6,148
    Nontaxable benefits
    $649
    Filer's total
    $160,662

  • LAURA EBLEN

    VP OF MEMBER ENGAGEMENT AND GOVERNMENT AF

    Total calculated
    $172,507
    From this org
    $154,586
    From related orgs
    $0
    Other
    $17,921
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,320
    Bonus
    $31,156
    Other
    $110
    Deferred
    $6,554
    Nontaxable benefits
    $11,367
    Filer's total
    $172,507

  • RENEE TAYLOR

    DIRECTOR OF MEMBER RELATIONSHIP CENTER

    Total calculated
    $153,475
    From this org
    $146,640
    From related orgs
    $0
    Other
    $6,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,623
    Bonus
    $29,017
    Other
    $0
    Deferred
    $5,904
    Nontaxable benefits
    $931
    Filer's total
    $153,475

  • CAROLINE ENGLE

    VP OF MARKETING

    Total calculated
    $149,878
    From this org
    $138,995
    From related orgs
    $0
    Other
    $10,883
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINES 4A-B
SEREPTHA HELM: $53,054 THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO CERTAIN EXECUTIVES (DEONNE CHRISTENSEN, CEO, JUSTIN MOUZOUKOS, CFO AND MICHELLE WOOD, CHIEF CULTURE & DIVERSITY OFFICER) THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS ASSIGNED SPLIT DOLLAR." SEE SCHEDULE L.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CU HOLDING CO LLC

    HOLDING COMPANY · MO · income -$2,295,603 · assets $6,337,959

    Directly controlled by MAZUMA CREDIT UNION

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433189349311868

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