2025-06-03T05:55:52-05:00 2024-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 660616454 990 2024-01-01 480615845 MILLENNIUM CORPORATE CREDIT UNION MILL 3167212600 8615 W FRAZIER LN STE 1 WICHITA KS 672123835 ELIZABETH C NEIGHBORS VP - ACCOUNTING 3167212600 2025-06-03 1 0 GERALD TENBRINK P00638199 9138946214 2025-05-31 2024 2025-03-06 01:10:19Z ELIZABETH C NEIGHBORS 8615 W FRAZIER LN STE 1 WICHITA KS 672123835 83803137 0 X WWW.MILLENNIUMCORPORATE.ORG X 1951 KS MILLENNIUM CORPORATE CREDIT UNION (MILLENNIUM CORPORATE) SERVES AS A FINANCIAL INTERMEDIARY FOR THE CREDIT UNIONS WHICH COMPRISE ITS MEMBERSHIP, AND ITS ACTIVITIES ARE DIRECTED TO THE SUPPORT OF THAT INTERDEPENDENT GROUP. 9 9 46 20 0 0 0 0 11095444 8561839 43157138 75239770 10916110 1528 65168692 83803137 0 0 0 0 4080759 4373742 0 0 0 39666219 68606697 43746978 72980439 21421714 10822698 1287261055 1639527718 109469307 6883851 1177791748 1632643867 MILLENNIUM CORPORATE SERVES AS A FINANCIAL INTERMEDIARY FOR THE CREDIT UNIONS WHICH COMPRISE ITS MEMBERSHIP, AND ITS ACTIVITIES ARE DIRECTED TO THE SUPPORT OF THAT INTERDEPENDENT GROUP. 0 0 MILLENNIUM CORPORATE, NON-PROFIT, INCORPORATED UNDER KANSAS STATUTES FOR THE PURPOSES OF PROVIDING CORRESPONDENT SERVICES, ASSET-LIABILITY MANAGEMENT ANALYSIS AND INVESTMENTS TO MEMBER CREDIT UNIONS WHO IN TURN SERVE THEIR MEMBERS (INDIVIDUAL CUSTOMERS) BY CREATING A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDING OTHER PRODUCTS AND SERVICES TO IMPROVE MEMBERS' ECONOMIC AND SOCIAL CONDITIONS. 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 46 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X ELIZABETH C NEIGHBORS 3167212600 8615 W FRAZIER LN STE 1 WICHITA KS 672123835 GREG WINKLER CHAIRMAN 3.00 X 0 0 0 TED UNDERWOOD SECRETARY/TREASURER 3.00 X 0 0 0 LARAE KRAEMER DIRECTOR 3.00 X 0 0 0 JOHN HAGEMAN DIRECTOR 3.00 X 0 0 0 PHIL WEBER DIRECTOR 3.00 X 0 0 0 MICHAEL AUGUSTINE VICE CHAIRMAN 3.00 X 0 0 0 KEVIN STUBBLEFIELD DIRECTOR 3.00 X 0 0 0 DEE SCHRINER DIRECTOR 3.00 X 0 0 0 KEVIN BRUESEKE DIRECTOR 3.00 X 0 0 0 LARRY D EISENHAUER FORMER OFFICER 50.00 X 205538 0 18326 KENT R GLEASON PRESIDENT/CEO 50.00 X 261933 0 36636 ELIZABETH C NEIGHBORS VP - ACCOUNTING 50.00 X 107753 0 13128 WALTER G THOMPSON AIM MANAGER & SENIOR FINAN 50.00 X 162004 0 32482 BRADY H MCLEOD AIM MANAGER & SENIOR FINAN 50.00 X 160527 0 32898 KIP D POE VP - INFORMATION & TECHNOL 50.00 X 144262 0 31849 RACHEL DULANEY AIM DIRECTOR OF ALM 50.00 X 109559 0 13667 CHRISTOPHER HAGEMAN AIM DIRECTOR OF INVESTMENT SERVICES 50.00 X 155120 0 24813 JULIE CHAPIN AIM MANAGER & SENIOR FINAN 50.00 X 103737 0 13627 1410433 0 217426 9 0 1 0 0 FEE INCOME 522100 6684609 6684609 INTEREST ON LOANS 522100 1301762 1301762 OTHER INCOME 522100 549120 549120 EQUITY IN EARNINGS FROM CUSO 522100 26348 26348 8561839 75239770 75239770 USC ASSET MGMT ESTATE REPAYMENTS 522100 1528 1528 1528 83803137 8563367 0 75239770 643314 2864902 129793 484134 251599 47350 1184705 203410 1550158 2261824 232368 158164 61576409 252658 127928 PROFESSIONAL SERVICES 827605 VOLUNTEER MEETINGS 130317 EMPLOYEE DEVELOPMENT 53520 SPECIAL DISTRIBUTION TO -2119 2400 72980439 24753423 17987239 648731177 787741857 2882333 3222750 46693973 12849439 349658 443515 3897163 2313938 1495518 1583225 501782247 758107777 57506869 53510017 3065857 4081899 1287261055 1639527718 1481302 1099549 104005500 0 3982505 5784302 109469307 6883851 X 1060197442 1503355068 54322879 54322879 63271427 74965920 1177791748 1632643867 1287261055 1639527718 X 10822698 4287606 439741815 X 0 1 X 1 0 92432 92432 1538727 774423 764304 85232 50296 34936 1703873 1272270 431603 476899 216949 259950 1583225 ACCRUED DIVIDENDS & INTEREST 5784302 5784302 X 80514380 0 80514380 3288757 3288757 83803137 69691682 0 69691682 3288757 3288757 72980439 PART X, LINE 2: MILLENNIUM CORPORATE IS EXEMPTED FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. FASB ASC 740-10-25, "INCOME TAXES, OVERALL RECOGNITION" CLARIFIES ACCOUNTING FOR UNCERTAIN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. MILLENNIUM CORPORATE IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, MILLENNIUM CORPORATE IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRS SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY A STATE-CHARTERED CREDIT UNION. WITH FEW EXCEPTIONS, MILLENNIUM CORPORATE IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: ASC 606 REVENUE RECOGNITION RECLASSIFICATION OF FINANCIAL SERVICES EXPENSES 3,288,757. PART XII, LINE 4B - OTHER ADJUSTMENTS: ASC 606 REVENUE RECOGNITION RECLASSIFICATION OF FINANCIAL SERVICES EXPENSES 3,288,757. X X 1 0 0 KENT R GLEASON PRESIDENT/CEO 233846 0 25000 0 3087 0 11500 0 25136 0 298569 0 0 0 LARRY D EISENHAUER FORMER OFFICER 171460 0 27100 0 6978 0 9450 0 8876 0 223864 0 0 0 WALTER G THOMPSON AIM MANAGER & SENIOR FINAN 124615 0 37196 0 193 0 7696 0 24786 0 194486 0 0 0 BRADY H MCLEOD AIM MANAGER & SENIOR FINAN 145385 0 15004 0 138 0 8019 0 24879 0 193425 0 0 0 CHRISTOPHER HAGEMAN AIM DIRECTOR OF INVESTMENT SERVICES 124615 0 30438 0 67 0 7753 0 17060 0 179933 0 0 0 KIP D POE VP - INFORMATION & TECHNOL 124615 0 19389 0 258 0 7200 0 24649 0 176111 0 0 0 PART I, LINE 3 THE CEO'S SALARY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS WITH INPUT FROM AN INDEPENDENT CONSULTANT. PART I, LINE 4A LARRY EISENHAUER RECEIVED RETIREMENT GIFTS OF A NORDIC TRACK AND COMPANY CAR - TOTAL VALUE OF $6,416. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S MEMBERSHIP IS COMPRISED OF CREDIT UNIONS LOCATED NATIONWIDE; HOWEVER, THE MAJORITY OF THE MEMBER CREDIT UNIONS ARE LOCATED IN KANSAS, MONTANA, NEBRASKA AND MISSOURI. FORM 990, PART VI, SECTION A, LINE 7A ANNUAL ELECTION IS DICTATED BY THE ORGANIZATION'S BYLAWS. EACH MEMBER CREDIT UNION HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B GENERAL MEMBERSHIP WOULD HAVE TO APPROVE A MERGER OR CHANGE IN THE ORGANIZATIONAL STRUCTURE. NO SUCH MATTERS WERE BROUGHT BEFORE THE GENERAL MEMBERSHIP DURING THE CALENDER YEAR REPORTED IN THIS TAX RETURN. FORM 990, PART VI, SECTION B, LINE 11B MILLENNIUM CORPORATE'S VP - ACCOUNTING PROVIDES DATA TO THE OUTSIDE ACCOUNTING FIRM PREPARING THE FORM 990 AND REVIEWS IT UPON COMPLETION. THE FINAL FORM 990 IS PROVIDED TO THE ORGANIZATION'S BOARD OF DIRECTORS FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S BOARD OF DIRECTORS REVIEWS AND APPROVES ALL POLICIES. OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO VOLUNTARILY REPORT ANY CONFLICT OF INTEREST THAT MAY ARISE DURING THE NORMAL COURSE OF BUSINESS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S SALARY REVIEW FOR THE CEO AND ALL STAFF POSITIONS IS PERFORMED ANNUALLY BY THE BOARD OF DIRECTORS WITH INPUT FROM AN INDEPENDENT CONSULTANT. FORM 990, PART VI, SECTION C, LINE 18 THE PUBLIC MAY REQUEST A COPY OF THE ORGANIZATION'S FORM 990 BY CONTACTING: ELIZABETH C. NEIGHBORS, VP - ACCOUNTING MILLENNIUM CORPORATE CREDIT UNION 8615 W FRAZIER LN, STE 1 WICHITA, KS 67212 DIRECT NO. (800)721-2677 X129, FAX NO. (314)542-1379 EMAIL: BETH@MILLENNIUMCORPORATE.ORG FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PUBLISHES ITS ANNUAL REPORT, INCLUDING AUDITED FINANCIAL STATEMENTS AND VARIOUS MANAGEMENT/COMMITTEE REPORTS ON ITS WEBSITE AT WWW.MILLENNIUMCORPORATE.ORG. THE ANNUAL DUE DILIGENCE PACKET IS ALSO MADE AVAILABLE VIA THE MEMBER ONLY SECTION ON THE ORGANIZATION'S WEBSITE. REGULATORY CALL REPORTS ARE FILED MONTHLY WITH THE NCUA. FORM 990, PART XI, LINE 9: NET CHANGE IN DEPOSITS OF FUNDS BY MEMBER CREDIT UNIONS 443,157,626. DIVIDENDS PAID ON PERPETUAL CONTRIBUTED CAPITAL -3,415,811. ADDITIONAL CAPITAL RAISED