Totals
- Total revenue
- $51,191,528
- Total expenses
- $44,159,195
- Contributions and grants received
- $0
- Grants paid
- $20,090
- Program service revenue
- $47,720,872
- Investment income
- $2,073,031
- Other revenue
- $1,397,625
- Total assets, end of year
- $689,658,004
- Total liabilities, end of year
- $627,803,378
- Net assets or fund balances, end of year
- $61,854,626
- 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: INTEREST ON LOANS
total $39,170,687 · related or exempt $39,170,687
-
2b · Program service revenue: FEES & OTHER INCOME
total $8,159,560 · related or exempt $8,116,196 · unrelated business $43,364
-
2c · Program service revenue: INSURANCE & WARRANTIES
total $390,625 · unrelated business $390,625
-
3 · Investment income
total $1,922,898 · related or exempt $1,922,898
-
7a · Gross sales of assets other than inventory
other assets $150,133
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $150,133
-
7d · Net gain or loss
total $150,133 · related or exempt $150,133
-
11a · Other revenue: EMPLOYEE RETENTION CREDIT
total $1,147,625 · related or exempt $1,147,625
-
11b · Other revenue: OTHER NON-OPERATING INCOME
total $250,000 · related or exempt $250,000
-
11e · Other revenue, total
$1,397,625
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,250
-
2 · Grants to domestic individuals
total $13,840
-
4 · Benefits paid to or for members
total -$15,531
-
5 · Compensation of officers, directors and key employees
total $2,977,116
-
7 · Other salaries and wages
total $9,559,629
-
8 · Pension plan contributions
total $407,484
-
9 · Other employee benefits
total $739,368
-
10 · Payroll taxes
total $789,270
-
11b · Fees: legal
total $51,951
-
11c · Fees: accounting
total $159,756
-
11g · Fees: other
total $702,625
-
12 · Advertising and promotion
total $1,118,974
-
13 · Office expenses
total $3,221,294
-
14 · Information technology
total $2,278,302
-
16 · Occupancy
total $893,422
-
17 · Travel
total $63,183
-
19 · Conferences, conventions and meetings
total $318,283
-
20 · Interest
total $1,645,562
-
22 · Depreciation, depletion and amortization
total $1,072,746
-
23 · Insurance
total $212,292
-
24a · Other expenses: DIVIDENDS ON SHARES
total $11,227,116
-
24b · Other expenses: PROVISION FOR LOAN LOSS
total $4,857,477
-
24c · Other expenses: LOAN SERVICING
total $1,463,716
-
24d · Other expenses: ASSOCIATION DUES
total $97,256
-
24e · All other expenses
total $297,814
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,860,623 · end of year $2,807,317
-
2 · Savings and temporary cash investments
beginning of year $29,292,713 · end of year $42,947,802
-
4 · Accounts receivable
beginning of year $4,163,696 · end of year $6,741,690
-
5 · Loans and receivables from officers and key people
beginning of year $17,143,844 · end of year $15,622,589
-
7 · Other notes and loans receivable
beginning of year $543,931,924 · end of year $572,977,287
-
9 · Prepaid expenses and deferred charges
beginning of year $886,020 · end of year $989,999
-
10a · Land, buildings and equipment: cost or other basis
$22,844,735
-
10b · Land, buildings and equipment: accumulated depreciation
$11,419,612
-
10c · Land, buildings and equipment, net
beginning of year $11,984,843 · end of year $11,425,123
-
11 · Investments: publicly traded securities
beginning of year $2,070,914 · end of year $28,058
-
12 · Investments: other securities
beginning of year $20,694,079 · end of year $21,194,648
-
15 · Other assets
beginning of year $10,275,749 · end of year $14,923,491
-
17 · Accounts payable and accrued expenses
beginning of year $6,045,419 · end of year $6,546,305
-
23 · Secured mortgages and notes payable
beginning of year $45,422,840 · end of year $41,291,854
-
25 · Other liabilities
beginning of year $537,027,555 · end of year $579,965,219
-
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 $54,808,591 · end of year $61,854,626
Mission and programs · 2025
Mission
TO PROVIDE HIGH QUALITY FINANCIAL SERVICES TO OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.
-
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 40,298 MEMBERS.
-
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2025, THERE WERE 32,105 LOANS OUTSTANDING TOTALING $580,716,656, INCLUDING PARTICIPATIONS.
-
PAID DIVIDENDS ON DEPOSITS TOTALING $10,600,707 FOR THE YEAR.
As filed on the 2025 return.
Listed in Part VII
-
Rex ChristnerREX CHRISTNER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
-
Shandi StallmanSHANDI STALLMAN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
John McCannonJOHN MCCANNON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kendall PulliamKENDALL PULLIAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mark WoleslagelMARK WOLESLAGEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Caroline PhelpsCAROLINE PHELPS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Brian MederBRIAN MEDER
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Roger ClarkROGER CLARK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Daniel SpringerDANIEL SPRINGER
PRESIDENT/CEO
- Total calculated
- $550,485
- From this org
- $516,281
- From related orgs
- $0
- Other
- $34,204
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $433,309
- Bonus
- $76,311
- Other
- $6,661
- Deferred
- $24,500
- Nontaxable benefits
- $9,704
- Filer's total
- $550,485
-
Joel AndrewJOEL ANDREW
CFO
- Total calculated
- $425,081
- From this org
- $414,548
- From related orgs
- $0
- Other
- $10,533
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $79,895
- Bonus
- $334,653
- Other
- $0
- Deferred
- $5,599
- Nontaxable benefits
- $4,934
- Filer's total
- $425,081
-
Michelle WalnMICHELLE WALN
CCO
- Total calculated
- $256,778
- From this org
- $239,331
- From related orgs
- $0
- Other
- $17,447
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $215,702
- Bonus
- $21,108
- Other
- $2,521
- Deferred
- $16,705
- Nontaxable benefits
- $742
- Filer's total
- $256,778
-
Zachary ClobesZACHARY CLOBES
CTO
- Total calculated
- $272,517
- From this org
- $241,905
- From related orgs
- $0
- Other
- $30,612
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $217,136
- Bonus
- $22,375
- Other
- $2,394
- Deferred
- $15,917
- Nontaxable benefits
- $14,695
- Filer's total
- $272,517
-
Bambi StewartBAMBI STEWART
CLO
- Total calculated
- $269,054
- From this org
- $233,939
- From related orgs
- $0
- Other
- $35,115
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $211,115
- Bonus
- $19,667
- Other
- $3,157
- Deferred
- $16,355
- Nontaxable benefits
- $18,760
- Filer's total
- $269,054
-
Jeremy StauffacherJEREMY STAUFFACHER
CXO
- Total calculated
- $271,906
- From this org
- $240,414
- From related orgs
- $0
- Other
- $31,492
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $213,223
- Bonus
- $25,776
- Other
- $1,415
- Deferred
- $16,797
- Nontaxable benefits
- $14,695
- Filer's total
- $271,906
-
Angela MeilkeANGELA MEILKE
CHIEF STRATEGY OFFICER
- Total calculated
- $214,908
- From this org
- $186,538
- From related orgs
- $0
- Other
- $28,370
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $164,897
- Bonus
- $19,112
- Other
- $2,529
- Deferred
- $13,020
- Nontaxable benefits
- $15,350
- Filer's total
- $214,908
-
Kevin HessKEVIN HESS
CFO
- Total calculated
- $147,424
- From this org
- $141,255
- From related orgs
- $0
- Other
- $6,169
- Hours/week
- 50
-
Michael LorimorMICHAEL LORIMOR
VP-REAL ESTATE LENDING
- Total calculated
- $174,484
- From this org
- $163,088
- From related orgs
- $0
- Other
- $11,396
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $138,631
- Bonus
- $22,505
- Other
- $1,952
- Deferred
- $11,396
- Nontaxable benefits
- $0
- Filer's total
- $174,484
-
Monte CrossMONTE CROSS
PRESIDENT-HWS
- Total calculated
- $216,304
- From this org
- $184,644
- From related orgs
- $0
- Other
- $31,660
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $162,914
- Bonus
- $19,953
- Other
- $1,777
- Deferred
- $12,900
- Nontaxable benefits
- $18,760
- Filer's total
- $216,304
-
Amy BrennanAMY BRENNAN
VP-COMMERCIAL LENDING
- Total calculated
- $178,174
- From this org
- $157,531
- From related orgs
- $0
- Other
- $20,643
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $136,455
- Bonus
- $21,076
- Other
- $0
- Deferred
- $10,939
- Nontaxable benefits
- $9,704
- Filer's total
- $178,174
-
Sarah BassSARAH BASS
VP-BUSINESS RELATIONSHIPS
- Total calculated
- $156,393
- From this org
- $138,616
- From related orgs
- $0
- Other
- $17,777
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $128,355
- Bonus
- $10,261
- Other
- $0
- Deferred
- $7,962
- Nontaxable benefits
- $9,815
- Filer's total
- $156,393
-
Tracie DeanTRACIE DEAN
SENIOR R.E. LOAN CONSULTANT
- Total calculated
- $153,763
- From this org
- $143,125
- From related orgs
- $0
- Other
- $10,638
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $61,526
- Bonus
- $81,039
- Other
- $560
- Deferred
- $10,003
- Nontaxable benefits
- $635
- Filer's total
- $153,763
-
Bradley RyanBRADLEY RYAN
AVP - AI & DATABASE ADMINISTRATION
- Total calculated
- $183,821
- From this org
- $154,292
- From related orgs
- $0
- Other
- $29,529
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $135,948
- Bonus
- $18,344
- Other
- $0
- Deferred
- $10,769
- Nontaxable benefits
- $18,760
- Filer's total
- $183,821
-
Arika MorrellARIKA MORRELL
WEALTH PLANNER HWS
- Total calculated
- $150,811
- From this org
- $131,877
- From related orgs
- $0
- Other
- $18,934
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $49,640
- Bonus
- $82,237
- Other
- $0
- Deferred
- $9,230
- Nontaxable benefits
- $9,704
- Filer's total
- $150,811
-
Tasha EricksonTASHA ERICKSON
VP - HR AND ORGANIZATIONAL DEVELOPMENT
- Total calculated
- $162,221
- From this org
- $137,797
- From related orgs
- $0
- Other
- $24,424
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $119,245
- Bonus
- $16,824
- Other
- $1,728
- Deferred
- $9,622
- Nontaxable benefits
- $14,802
- Filer's total
- $162,221
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 · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 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, LINE 1A
- THE CREDIT UNION PROVIDES REIMBURSEMENT FOR YMCA MEMBERSHIP DUES. THIS BENEFIT IS AVAILABLE TO ALL EMPLOYEES, INCLUDING OFFICERS.
- PART I, LINE 3
- THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT/CEO'S PERFORMANCE AND SETS COMPENSATION USING INFORMATION FROM EXTERNAL SOURCES AND SURVEYS. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES.
- PART I, LINES 4A-B
- THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS FOR THE FOLLOWING OFFICERS THROUGH COLLATERAL ASSIGNMENT SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENTS: DANIEL SPRINGER, PRESIDENT/CEO MICHELLE WALN, CCO ZACHARY CLOBES, CTO JEREMY STAUFFACHER, CXO JOEL ANDREW, CFO BAMBI STEWART, CLO SEE SCHEDULE L FOR FURTHER DETAILS, INCLUDING THE RELATED LOANS OUTSTANDING AT YEAR END. THE CREDIT UNION HAS A 457(B) PLAN THAT THE PRESIDENT/CEO PARTICIPATES IN. THE CREDIT UNION HAD NO EXPENSE DURING THE YEAR AND THERE WERE NO DISTRIBUTIONS. JOEL ANDREW RECEIVED 210,080 IN SEVERANCE COMPENSATION IN 2025. DANIEL SPRINGER PARTICIPATES IN A 457(B) PLAN. THE CREDIT UNION HAD NO CONTRIBUTIONS IN 2025 AND THERE WERE NO WITHDRAWALS IN 2025.
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
No itemized grants to organizations 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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MEMBERSOURCE INC
C · SECURITIES BROKERAGE SERVICES · KS · 100% owned
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 12 August 2026
- IRS schema version
- 2025v4.2
- Source object
- 202602249349300115
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