2025-11-12T15:32:18-06:00 2024-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 660616454 990 2024-01-01 430663009 ARSENAL CREDIT UNION ARSE 3149626363 3780 VOGEL ROAD ARNOLD MO 630103799 JESSICA ROYCE SVP - FINANCE & COLLECTIONS 3149626363 2025-11-12 1 0 GERALD TENBRINK P00638199 9138946214 2025-11-12 2024 2025-03-06 01:10:19Z LINDA ALLEN 3780 VOGEL ROAD ARNOLD MO 630103799 25913198 0 X WWW.ARSENALCU.ORG X 1948 MO TO PROMOTE THRIFT AMONG ITS MEMBERS BY AFFORDING THEM AN OPPORTUNITY FOR ACCUMULATING THEIR SAVINGS; TO CREATE FOR THEM A SOURCE OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST; TO PROVIDE THE OPPORTUNITY FOR THE MEMBERS TO USE AND CONTROL THEIR MONEY FOR THEIR MUTUAL BENEFIT; TO EDUCATE MEMBERS IN THE PRUDENT USE OF MONEY AND CREDIT; TO OPERATE IN THE SPIRIT OF COOPERATION AND NOT FOR PROFIT; TO IMPROVE THE COMMUNITY IN WHICH IT OPERATES; AND TO PROVIDE OTHER FISCAL AND FINANCIAL SERVICES. 7 7 119 9 53545 0 9000 5500 24490423 23089811 2137735 2777627 71078 40260 26708236 25913198 10000 7500 0 0 7948542 8854565 0 0 0 17923734 21885041 25882276 30747106 825960 -4833908 397124196 420028643 369590855 395903697 27533341 24124946 X TO PROMOTE THRIFT AMONG ITS MEMBERS BY AFFORDING THEM AN OPPORTUNITY FOR ACCUMULATING THEIR SAVINGS; TO CREATE FOR THEM A SOURCE OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST; TO PROVIDE THE OPPORTUNITY FOR THE MEMBERS TO USE AND CONTROL THEIR MONEY FOR THEIR MUTUAL BENEFIT; TO EDUCATE MEMBERS IN THE PRUDENT USE OF MONEY AND CREDIT; TO OPERATE IN THE SPIRIT OF COOPERATION AND NOT FOR PROFIT; TO IMPROVE THE COMMUNITY IN WHICH IT OPERATES; AND TO PROVIDE OTHER FISCAL AND FINANCIAL SERVICES. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 30,355 MEMBERS. PAID DIVIDENDS AND INTEREST ON DEPOSITS TOTALING $5,766,494 FOR THE YEAR. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT FAIR AND REASONABLE RATES OF INTEREST. AS OF DECEMBER 31, 2024, THERE WERE 16,150 LOANS OUTSTANDING TOTALING $292,250,888. PAID DIVIDENDS AND INTEREST ON DEPOSITS TOTALING $8,193,275 FOR THE YEAR. 0 1 0 0 0 0 0 1 0 1 1 0 0 1 0 0 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 7955 0 1 119 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 1 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X LINDA ALLEN 3149626363 3780 VOGEL ROAD ARNOLD MO 630103799 GARY DIERKS CHAIRMAN 2.00 X 0 0 0 BOB KILLION VICE CHAIRMAN 2.00 X 0 0 0 JUANITA NOVOTNY TREASURER 2.00 X 0 0 0 KEITH EMERY SECRETARY 2.00 X 0 0 0 ADAM THURAU DIRECTOR 2.00 X 0 0 0 PEGGY HABERBERGER DIRECTOR 2.00 X 0 0 0 EDWARD FITZHENRY DIRECTOR 2.00 X 0 0 0 LINDA ALLEN PRESIDENT 40.00 X 608453 0 38168 JEAN CAPRIGLIONE VP BRANCH OPERATIONS 40.00 X 118886 0 11616 GREG CLARKE SVP TECHNOLOGY & RISK MANA 40.00 X 160771 0 8348 LORI CRUTCHLEY EVP 40.00 X 270098 0 30872 CASSANDRA HENDRIXSON SVP FINANCIAL SERVICES DEL 40.00 X 187094 0 8665 MICHAEL HUDSON SVP COMMERCIAL LENDING 40.00 X 183027 0 17571 JESSICA ROYCE SVP FINANCE & COLLECTIONS 40.00 X 180754 0 19848 SHANE WECKER VP CONSUMER LENDING 40.00 X 141593 0 15171 DANIEL OSORIO IT MANAGER 40.00 X 120392 0 18919 ROLAND SPIES VP COMMERCIAL LENDING 40.00 X 134778 0 6840 ANDREW DODGE VP COMMERCIAL LENDING 40.00 X 106681 0 12810 MEGAN HERMAN VP MSC AND PAYMENTS 40.00 X 120278 0 18719 CRAIG MEYER VP MARKETING 40.00 X 139335 0 17676 2472140 0 225223 13 0 1 0 0 5500 5500 INTEREST ON LOANS 522100 20854986 20854986 FEES & OTHER INCOME 522100 2219969 2181280 38689 WARRANTY SALES 524298 14856 14856 23089811 2777627 2777627 40260 40260 25913198 25854153 53545 0 7500 2000935 5331438 428344 561641 532207 30983 133509 309621 263599 2991163 974582 426121 68173 78735 177365 932761 143560 DIVIDENDS & INTEREST ON 8193275 PROVISION FOR LOAN LOSS 5333677 LOAN SERVICING 1739034 ASSOCIATION DUES 56244 32639 30747106 1744918 1663191 20178397 24108910 273452274 286998443 989042 826272 21284722 11014733 8654023 10269989 76987135 82223117 15118407 13938721 397124196 420028643 5840959 4345456 9833333 363749896 381724908 369590855 395903697 X 0 0 0 0 27533341 24124946 27533341 24124946 397124196 420028643 -4833908 1425513 0 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1810163 1810163 11336076 4730337 6605739 8138483 6284396 1854087 10269989 AFS-FEDERAL AGENCY SEC 78841484 F VISA CLASS B COMMON STOCK 1871935 F FHLB MEMBERSHIP STOCK 238300 C CREDIT UNION SERVICE ORGANIZATIONS 671914 C SIXTHIRTY 2.0, LLC 156984 C FHLB ACTIVITY STOCK 442500 C 82223117 SHARES & DEPOSITS 381724908 381724908 PART IV, LINE 2B: COLLECTIONS AND BRANCH REPRESENTATIVES ARE CCUFC CERTIFIED AND COUNSELED MEMBERS ON DEBT MANAGEMENT. 1 $1,500 SCHOLARSHIPS WERE AWARDED 5 PART I, LINE 2: ARSENAL CREDIT UNION'S SCHOLARSHIP PROGRAM AWARDS SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS PLANNING TO ATTEND A COLLEGE, TRADE OR TECHNICAL SCHOOL. ELIGIBLE STUDENTS MUST BE A PRIMARY MEMBER OF THE CREDIT UNION FOR AT LEAST ONE FULL YEAR AND BE ON TRACK TO GRADUATE IN THE SPRING. THE SCHOLARSHIP COMMITTEE REVIEWS AND SCORES THE ANONYMOUS APPLICATIONS. WINNERS ARE ANNOUNCED AT THE ANNUAL MEETING AND AWARDS ARE DIRECTLY DEPOSITED INTO THEIR ARSENAL ACCOUNTS. FUNDS CAN BE USED FOR EDUCATIONAL PURPOSES. X X X X 0 1 0 LINDA ALLEN PRESIDENT 581611 0 19692 0 7150 0 27941 0 10227 0 646621 0 0 0 LORI CRUTCHLEY EVP 241495 0 23663 0 4940 0 22629 0 8243 0 300970 0 0 0 JESSICA ROYCE SVP FINANCE & COLLECTIONS 172674 0 8080 0 0 0 3400 0 16448 0 200602 0 0 0 MICHAEL HUDSON SVP COMMERCIAL LENDING 175347 0 7680 0 0 0 8767 0 8804 0 200598 0 0 0 CASSANDRA HENDRIXSON SVP FINANCIAL SERVICES DEL 172564 0 10630 0 3900 0 8628 0 37 0 195759 0 0 0 GREG CLARKE SVP TECHNOLOGY & RISK MANA 153194 0 7577 0 0 0 7577 0 771 0 169119 0 0 0 CRAIG MEYER VP MARKETING 134678 0 4657 0 0 0 4657 0 13019 0 157011 0 0 0 SHANE WECKER VP CONSUMER LENDING 135879 0 5714 0 0 0 6795 0 8376 0 156764 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS EVALUATES THE PRESIDENT'S PERFORMANCE ANNUALLY. UPON CONCLUSION OF THE WRITTEN EVALUATION, THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS COMPENSATION, SALARY SURVEYS AND OTHER ECONOMIC AND MARKET FACTORS/DATA, AND MAKES RECOMMENDATIONS TO THE CREDIT UNION'S BOARD OF DIRECTORS AS TO MERIT INCREASES IN COMPENSATION AND BENEFITS. PART I, LINE 4B THE FOLLOWING OFFICERS ARE PARTICIPANTS IN 457(B) DEFERRED COMPENSATION PLANS AND THE TOTAL AMOUNTS DEFERRED IN 2024 ARE LISTED BELOW: LINDA ALLEN, PRESIDENT - $23,000 LORI CRUTCHLEY, EVP - $23,000 DEFERRALS WERE REPORTED ON THEIR W-2S AS REQUIRED. IN ADDITION, THE FOLLOWING OFFICERS ARE PARTICIPANTS IN 457(F) DEFERRED COMPENSATION PLANS AND THE RELATED AMOUNTS DEFERRED IN 2024 ARE LISTED BELOW: LINDA ALLEN, PRESIDENT - $77,085 LORI CRUTCHLEY, EVP - $80,000 CASSANDRA HENDRIXSON, SVP - $29,000 GREG CLARKE, SVP - $29,000 2024 DISTRIBUTIONS: LINDA ALLEN, PRESIDENT - $221,811 FORM 990, PART VI, SECTION A, LINE 5 CYBER SECURITY INCIDENT RESULTING IN $3.3 MILLION LOSS DUE TO FRAUDELENT INTERNAL (NON-MEMBER) WIRE TRANFERS. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, THERE WERE NO SUCH CHANGES DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE SVP-FINANCE & COLLECTIONS APPROVES THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, ALL OFFICERS, DIRECTORS AND EMPLOYEES ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY, COMPLETE A DISCLOSURE OF ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS, AND SUBMIT A SIGNED STATEMENT TO THAT EFFECT. STATEMENTS ARE MAINTAINED ON FILE AT THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS EVALUATES THE PRESIDENT'S PERFORMANCE ANNUALLY. UPON CONCLUSION OF THE WRITTEN EVALUATION, THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS COMPENSATION, SALARY SURVEYS AND OTHER ECONOMIC AND MARKET FACTORS/DATA, AND MAKES RECOMMENDATIONS TO THE CREDIT UNION'S BOARD OF DIRECTORS AS TO MERIT INCREASES IN COMPENSATION AND BENEFITS. THE PRESIDENT EVALUATES THE OTHER OFFICERS' PERFORMANCE ANNUALLY. UPON CONCLUSION OF THE WRITTEN EVALUATION, THE PRESIDENT REVIEWS COMPENSATION AND SALARY SURVEYS. INCREASES ARE AWARDED WITHIN THE BOARD APPROVED COMPENSATION BUDGET FOR THE YEAR. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY AND ON THE CREDIT UNION WEBSITE, PRESENTED AT THE ANNUAL MEETING, AND AVAILABLE UPON REQUEST. IN ADDITION, THE NCUA WEBSITE POSTS FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS, POLICIES, AND PROCEDURES ARE AVAILABLE UPON REQUEST.