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Nonprofiteer
← ADVANTIS CREDIT UNION

Form 990 for tax year 2024

Filed by ADVANTIS CREDIT UNION.

Totals

Total revenue
$106,120,924
Total expenses
$108,585,436
Contributions and grants received
$0
Grants paid
$301,500
Program service revenue
$84,109,576
Investment income
$22,011,348
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: LOANS

    total $73,927,534 · related or exempt $73,927,534

  • 2b · Program service revenue: OTHER NON INTEREST INC

    total $5,086,185 · related or exempt $4,532,919 · unrelated business $553,266

  • 2c · Program service revenue: SERVICE CHARGES AND FE

    total $4,192,208 · related or exempt $4,168,086 · unrelated business $24,122

  • 2d · Program service revenue: INTERCHANGE INCOME

    total $1,617,760 · related or exempt $1,617,760

  • 2e · Program service revenue: NET LOSS ON SALE OF LO

    total -$714,111 · related or exempt -$714,111

  • 3 · Investment income

    total $21,360,695 · excluded $21,360,695

  • 7a · Gross sales of assets other than inventory

    securities $151,605,927

  • 7b · Less cost or other basis and sales expenses

    securities $150,955,274

  • 7c · Gain or loss

    securities $650,653

  • 7d · Net gain or loss

    total $650,653 · related or exempt $672,196 · excluded -$21,543

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $286,750

  • 2 · Grants to domestic individuals

    total $14,750

  • 5 · Compensation of officers, directors and key employees

    total $3,495,291

  • 7 · Other salaries and wages

    total $23,217,114

  • 8 · Pension plan contributions

    total $2,087,858

  • 9 · Other employee benefits

    total $5,894,987

  • 10 · Payroll taxes

    total $2,545,910

  • 11b · Fees: legal

    total $777,656

  • 11c · Fees: accounting

    total $579,274

  • 11g · Fees: other

    total $4,119,261

  • 12 · Advertising and promotion

    total $803,214

  • 13 · Office expenses

    total $3,809,065

  • 14 · Information technology

    total $1,207,326

  • 15 · Royalties

    total $189,125

  • 16 · Occupancy

    total $2,451,347

  • 17 · Travel

    total $71,371

  • 19 · Conferences, conventions and meetings

    total $72,822

  • 20 · Interest

    total $32,767,534

  • 22 · Depreciation, depletion and amortization

    total $4,388,499

  • 23 · Insurance

    total $246,667

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $10,422,138

  • 24b · Other expenses: VISA/ATM EXPENSE

    total $1,872,635

  • 24c · Other expenses: LENDING EXPENSE

    total $1,698,516

  • 24e · All other expenses

    total $5,566,326

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $331,887,812 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $1,335,071,818 · end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,778,944 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $53,969,356 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $141,661,120 · end of year $0

  • 12 · Investments: other securities

    beginning of year $24,240,563 · end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $66,362,135 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,494,017

  • 23 · Secured mortgages and notes payable

    beginning of year $15,000,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,702,288,295 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $217,189,436 · end of year $0

Mission and programs · 2024

Mission

TO IMPROVE THE FINANCIAL LIVES OF OUR MEMBERS.

Activities or mission (Part I)

PROVIDING FINANCIAL SERVICES TO MEMBERS.

  • THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO 87,524 MEMBERS. SERVICES INCLUDE SHARE DEPOSITS AND LOANS TO MEMBERS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TARUN GUDZ

    CHAIR

    Total calculated
    $19,125
    From this org
    $19,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • FREDERIC DUPEYROUX

    DIRECTOR (THRU 10/24)

    Total calculated
    $16,000
    From this org
    $16,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • AMANDA OWINGS

    VICE CHAIR

    Total calculated
    $15,625
    From this org
    $15,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • BRANDON LEPLEY

    AUDIT COMMITTEE MEMBER (THRU 10/24)

    Total calculated
    $14,000
    From this org
    $14,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • TRACI ROSSI

    DIRECTOR, DEI COMMITTEE CHAIR

    Total calculated
    $13,500
    From this org
    $13,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • TAMMY TESKE

    DIRECTOR, GOVERNANCE COMMITTEE CHAIR

    Total calculated
    $13,500
    From this org
    $13,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • BRYAN SIMS

    SECRETARY/TREASURER, RISK & FINANCE COMMITTEE CH

    Total calculated
    $13,500
    From this org
    $13,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • JAKE JENSEN

    DIRECTOR

    Total calculated
    $12,625
    From this org
    $12,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • KELLAN DAVIS

    AUDIT COMMITTEE CHAIR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • WILLIAM KNUTHS

    AUDIT COMMITTEE MEMBER

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • LIZ SPEER

    AUDIT COMMITTEE MEMBER

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • ROSS WESCOTT

    AUDIT COMMITTEE MEMBER

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • RENEE HALPERN

    DIRECTOR, NOMINATING COMMITTEE CHAIR (THRU 4/24)

    Total calculated
    $9,838
    From this org
    $9,838
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • NATHAN MORALES

    ASSOCIATE DIRECTOR

    Total calculated
    $8,723
    From this org
    $8,723
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • MONIQUE CLAIBORNE

    ASSOCIATE DIRECTOR (THRU 10/24)

    Total calculated
    $8,000
    From this org
    $8,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • SHARI DUNN

    ASSOCIATE DIRECTOR (THRU 10/24)

    Total calculated
    $3,640
    From this org
    $3,640
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • PATRICK HAGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JASON WERTS

    PRESIDENT/CEO

    Total calculated
    $624,804
    From this org
    $590,639
    From related orgs
    $0
    Other
    $34,165
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $475,550
    Bonus
    $91,826
    Other
    $23,263
    Deferred
    $18,112
    Nontaxable benefits
    $16,053
    Filer's total
    $624,804

  • GREG SPEAR

    SVP/CHIEF FINANCIAL OFFICER

    Total calculated
    $486,387
    From this org
    $460,811
    From related orgs
    $0
    Other
    $25,576
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,006
    Bonus
    $59,840
    Other
    $112,965
    Deferred
    $14,807
    Nontaxable benefits
    $10,769
    Filer's total
    $486,387

  • KELI MYERS

    SVP/CHIEF OPERATING OFFICER

    Total calculated
    $369,775
    From this org
    $337,201
    From related orgs
    $0
    Other
    $32,574
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,314
    Bonus
    $58,258
    Other
    $10,629
    Deferred
    $16,980
    Nontaxable benefits
    $15,594
    Filer's total
    $369,775

  • CHRISTOPHER GROSHKO

    SVP/CHIEF EXPERIENCE OFFICER

    Total calculated
    $345,710
    From this org
    $318,081
    From related orgs
    $0
    Other
    $27,629
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,648
    Bonus
    $53,701
    Other
    $9,732
    Deferred
    $16,677
    Nontaxable benefits
    $10,952
    Filer's total
    $345,710

  • JOHN NICHOLS

    SVP OF MARKETING

    Total calculated
    $247,379
    From this org
    $229,541
    From related orgs
    $0
    Other
    $17,838
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,416
    Bonus
    $39,054
    Other
    $7,071
    Deferred
    $6,886
    Nontaxable benefits
    $10,952
    Filer's total
    $247,379

  • JENNIFER MCMURRAY

    VP OF STRATEGY & ADVOCACY

    Total calculated
    $194,643
    From this org
    $171,677
    From related orgs
    $0
    Other
    $22,966
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,456
    Bonus
    $28,417
    Other
    $6,804
    Deferred
    $12,014
    Nontaxable benefits
    $10,952
    Filer's total
    $194,643

  • KELLY SONFLIETH

    VP OF PEOPLE & CULTURE

    Total calculated
    $243,403
    From this org
    $219,365
    From related orgs
    $0
    Other
    $24,038
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,122
    Bonus
    $27,123
    Other
    $8,120
    Deferred
    $13,057
    Nontaxable benefits
    $10,981
    Filer's total
    $243,403

  • TREVOR HUTCHENS

    VP OF LENDING

    Total calculated
    $237,364
    From this org
    $208,453
    From related orgs
    $0
    Other
    $28,911
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,105
    Bonus
    $26,883
    Other
    $465
    Deferred
    $13,619
    Nontaxable benefits
    $15,292
    Filer's total
    $237,364

  • NICOLE WHITE

    VP, DIGITAL BANKING & REMOTE CHANNELS

    Total calculated
    $189,486
    From this org
    $171,788
    From related orgs
    $0
    Other
    $17,698
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,568
    Bonus
    $21,357
    Other
    $5,863
    Deferred
    $11,223
    Nontaxable benefits
    $6,475
    Filer's total
    $189,486

  • CHRIS CHARLTON

    VP/CONTROLLER

    Total calculated
    $186,105
    From this org
    $162,940
    From related orgs
    $0
    Other
    $23,165
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,416
    Bonus
    $20,060
    Other
    $464
    Deferred
    $11,405
    Nontaxable benefits
    $11,760
    Filer's total
    $186,105

  • MARY ELLEN LANZISERA

    DIRECTOR OF RISK MANAGEMENT

    Total calculated
    $178,659
    From this org
    $161,184
    From related orgs
    $0
    Other
    $17,475
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,738
    Bonus
    $14,973
    Other
    $473
    Deferred
    $10,951
    Nontaxable benefits
    $6,524
    Filer's total
    $178,659

  • MARK HULSEY

    VP OF INFORMATION TECHNOLOGY

    Total calculated
    $175,070
    From this org
    $164,812
    From related orgs
    $0
    Other
    $10,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,865
    Bonus
    $20,235
    Other
    $6,712
    Deferred
    $9,657
    Nontaxable benefits
    $601
    Filer's total
    $175,070

  • KARI BRIGGS

    VP OF OPERATIONS

    Total calculated
    $178,770
    From this org
    $158,502
    From related orgs
    $0
    Other
    $20,268
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,961
    Bonus
    $19,176
    Other
    $5,365
    Deferred
    $11,093
    Nontaxable benefits
    $9,175
    Filer's total
    $178,770

  • KATHERINE STEVENS

    AVP OF MEMBER EXPERIENCE

    Total calculated
    $169,030
    From this org
    $145,086
    From related orgs
    $0
    Other
    $23,944
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,741
    Bonus
    $12,978
    Other
    $5,367
    Deferred
    $8,511
    Nontaxable benefits
    $15,433
    Filer's total
    $169,030

  • ANDRE WALCOTT

    VP OF DEI

    Total calculated
    $147,110
    From this org
    $131,733
    From related orgs
    $0
    Other
    $15,377
    Hours/week
    40

  • JOHN LECKEY

    DIRECTOR OF COMMERCIAL LENDING

    Total calculated
    $150,246
    From this org
    $131,054
    From related orgs
    $0
    Other
    $19,192
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,342
    Bonus
    $12,247
    Other
    $465
    Deferred
    $3,931
    Nontaxable benefits
    $15,261
    Filer's total
    $150,246

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
  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
OCCASIONAL AIRFARE FOR COMPANIONS ON CREDIT UNION OFFICIAL BUSINESS. THIS IS TREATED AS A TAXABLE BENEFIT AND APPLIES ONLY TO THE BOARD OF DIRECTORS.
PART I, LINE 3
APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY.
PART I, LINE 4B
PARTICIPANTS INCLUDE GREG SPEAR, TIM CLOUSE (FORMER), CHRIS CHARLTON, MARK HULSEY, TREVOR HUTCHENS, KELLY SONFLIETH, AND NICOLE WHITE. GREG SPEAR WAS THE ONLY ONE WHO RECEIVED A PAYOUT IN 2024 OF $150,000.

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

The 10 largest by cash amount. The API serves every itemized grant.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202543179349306034

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