Dr. Jerry R. Eichholz

Chairman

Report from the Board of Directors 2017 marked 60 years for Vantage Credit Union. 60 years. Our diamond anniversary. What does a diamond symbolize? Brilliance. Strength. Beauty. But what else does a diamond symbolize? The transformation a diamond takes from its rough origins to a polished gemstone is not a simple task. It does not happen quickly or without the efforts of skilled craftsmen. Yet, the beauty a diamond achieves is without comparison. With many facets to be admired and hidden features yet to be discovered. How does this relate to Vantage Credit Union? In 1957, members of the St. Louis Suburban Teacher's Association had a vision for a credit union. Originally founded to serve members of the teaching profession with traditional financial services, our future potential had yet to be realized. Over the course of the past 60 years, our skilled leadership—both volunteers and management—has polished our approach time and time again. Many new facets and service offerings have been uncovered, helping our members achieve their financial goals. Today, we serve nearly 90,000 members with diverse backgrounds and occupations. We're a full-service financial institution. That transformation would not have occurred without strength, integrity, skill and perseverance.

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Eric Acree

President & Chief Executive Officer

Report from

    Management

From its origin, a diamond is rough. Transformed from carbon at high temperatures. 
So how does a diamond become a high-quality gemstone? A process called 'cutting' takes a rough diamond and changes it into a shaped and beautiful gem. Cutting includes multiple steps: planning, cleaving, bruiting, polishing 
and inspecting. It must be undertaken by a professional with expert knowledge, equipment and tools for the job. Every single decision the craftsman makes will affect 
the gemstone's worth and beauty. How does that relate to Vantage and our evolution over the past 60 years? Like the process of cutting, leading a sound credit union requires planning, skill, knowledge, tools and experience. One of the keys to our strength as a financial institution has been skilled leadership. Over the course of our history, we have been fortunate to have strong governance shaping the development and growth of our credit union. We had a solid foundation. Moreover, management understood the importance of continually reviewing and refining our offering of services to meet our members' 
ever-changing needs. 2017 was a transformative year for Vantage Credit Union. We took an internal look at
our organization and made some critical and necessary changes, polishing our approach to serving members and positioning ourselves for a more prosperous future. Moving forward, we will continue to evaluate the performance of our organization to ensure our member-owners are realizing all the benefits of being part of a not-for-profit financial cooperative. We will remain focused on meeting your needs and helping you achieve your financial goals.

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Mark Rudolph

Report from

    the Secretary/Treasurer

One of the many facets of a diamond, so to speak, is its strength. Diamonds are the hardest known natural material, able to withstand crushing pressures. Similarly, Vantage has displayed financial strength over the course of the past 60 years. In the midst of an ever-changing economic landscape over the past six decades, Vantage has sustained its position as a member-owned financial services organization and even expanded its presence in many ways. Geographically. Membership. And, most importantly, breadth of service offerings. Our ability to deliver a full menu of financial services to our members speaks to the efforts of those who came before us, as well as that of our 
current leadership. I am pleased to report that our credit union had a prosperous 2017. But we will not stay complacent. Like a craftsman polishing a diamond, we will continue to look for ways to enhance our members' experience.
 2015 2016 Total Assets $827,368,215 $838,260,697 Members 94,408 89,343 Loans $505,863,789 $475,705,280 Employees–full-time 241 211 Employees–part-time 60 44 Branches 14 13

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Approved 2018 Budget
Income Interest on Loans 26,267,604 Interest on Investments 4,644,958 Other Income 22,417,991 Total Income $53,330,553 Expenses Interest Expense 3,457,685 Employee Expense 19,405,682 Operating Expense 25,272,991 Total Expenses $48,136,358 Surplus $5,194,195

Diane Pisacreta

Chairman

Report from

    the Supervisory Committee

Transforming a rough diamond to a brilliant shining stone does not happen without expert knowledge, equipment and the right tools for the job. Likewise, a financial organization needs skilled guidance to ensure the credit union maintains a standard 
of excellence and complies with all governing regulations. Our Supervisory Committee 
fulfills that role, ensuring the financial well-being of the credit union as well as the 
prompt preparation of accounting records and reports. The Supervisory Committee employs both internal and external audits to help ensure 
the credit union is managed properly. Our internal team consists of three knowledgeable and dedicated professionals. John Hopkins is our Chief Risk Officer, Cheri Schneier is our Senior Auditor and Jessica Kovar is our Internal Auditor. Not only do they work with the Supervisory Committee on developing and executing an effective internal audit program, but they also oversee the process of our independent audit. Stephen Lang & Associates performed the state-mandated external audit for 2017, 
and Vantage Credit Union once again received the best audit opinion possible—an Unqualified Opinion. The full report reflects the continued financial strength and 
viability of your credit union. As a not-for-profit financial cooperative, our member-owners play a vital role in the success of the credit union. Our members are encouraged to volunteer to serve in a 
variety of capacities, such as the Supervisory Committee. Qualified volunteers are appointed annually.

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Statement of Financial Condition For Fiscal Years Ending: 2015, 2016, 2017

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Statement of Income & Expenses For Fiscal Years Ending: 2015, 2016, 2017

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Shares, Assets & Net Loans For Fiscal Years Ending: 2015, 2016, 2017
Loan Statistics

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2017 Travel Expenses

Board of Directors and Volunteers

Dr. Paul Ziegler

          Credit Union Educational Cruise                              December 2016

Dr. Jerry R. Eichholz

           CUNA Volunteer Certification School                               April 2017

Diane Pisacreta

           NAFCU Annual Conference                                                   June 2017

Mark Rudolph

           Annual Strategic Lending Conference                              July 2017

Dr. Walter Owen

           Mediterranean CU Conference                                              July 2017

Dr. William H. Solomon

           Mediterranean CU Conference                                              July 2017

Dr. Paul Ziegler

           Credit Union Educational Cruise                             December 2017

 

Total travel expenses paid:                                                          $50,833.74

Report from

    the Nominating Committee

The credit union's 2017-2018 Nominating Committee proudly recommends the following candidates to fill the vacancies on Vantage Credit Union's Board of Directors. Each candidate is nominated for a three-year term.

Mark Rudolph

Mr. Rudolph is the Chief Executive Officer at KCCDD, Inc. He has served a number of community and church organizations as a volunteer throughout the years. In addition,
Mr. Rudolph has been actively involved as a credit union volunteer for many years. He
has served in a variety of capacities and is currently the Secretary/Treasurer of the
Board of Directors.


Toni Martin

Ms. Martin is the Vice President/Controller of Operations & Technology for Mastercard Worldwide. In her position, she is responsible for managing the internal controls, financial reporting, and customer compliance and audit programs. As an active volunteer and working mother, Ms. Martin has donated her time and support to various school, church and community activites.

This credit union is federally insured by the National Credit Union Administration.
2017 Annual Report
Report from the Board of Directors 2017 marked 60 years for Vantage Credit Union. 60 years. Our diamond anniversary. What does a diamond symbolize? Brilliance. Strength. Beauty. But what else does a diamond symbolize? The transformation a diamond takes from its rough origins to a polished gemstone is not a simple task. It does not happen quickly or without the efforts of skilled craftsmen. Yet, the beauty a diamond achieves is without comparison. With many facets to be admired and hidden features yet to be discovered. How does this relate to Vantage Credit Union? In 1957, members of the St. Louis Suburban Teacher's Association had a vision for a credit union. Originally founded to serve members of the teaching profession with traditional financial services, our future potential had yet to be realized. Over the course of the past 60 years, our skilled leadership—both volunteers and management—has polished our approach time and time again. Many new facets and service offerings have been uncovered, helping our members achieve their financial goals. Today, we serve nearly 90,000 members with diverse backgrounds and occupations. We're a full-service financial institution. That transformation would not have occurred without strength, integrity, skill and perseverance.
From its origin, a diamond is rough. Transformed from carbon at high temperatures. 
So how does a diamond become a high-quality gemstone? A process called 'cutting' takes a rough diamond and changes it into a shaped and beautiful gem. Cutting includes multiple steps: planning, cleaving, bruiting, polishing 
and inspecting. It must be undertaken by a professional with expert knowledge, equipment and tools for the job. Every single decision the craftsman makes will affect 
the gemstone's worth and beauty. How does that relate to Vantage and our evolution over the past 60 years? Like the process of cutting, leading a sound credit union requires planning, skill, knowledge, tools and experience. One of the keys to our strength as a financial institution has been skilled leadership. Over the course of our history, we have been fortunate to have strong governance shaping the development and growth of our credit union. We had a solid foundation. Moreover, management understood the importance of continually reviewing and refining our offering of services to meet our members' 
ever-changing needs. 2017 was a transformative year for Vantage Credit Union. We took an internal look at
our organization and made some critical and necessary changes, polishing our approach to serving members and positioning ourselves for a more prosperous future. Moving forward, we will continue to evaluate the performance of our organization to ensure our member-owners are realizing all the benefits of being part of a not-for-profit financial cooperative. We will remain focused on meeting your needs and helping you achieve your financial goals.
One of the many facets of a diamond, so to speak, is its strength. Diamonds are the hardest known natural material, able to withstand crushing pressures. Similarly, Vantage has displayed financial strength over the course of the past 60 years. In the midst of an ever-changing economic landscape over the past six decades, Vantage has sustained its position as a member-owned financial services organization and even expanded its presence in many ways. Geographically. Membership. And, most importantly, breadth of service offerings. Our ability to deliver a full menu of financial services to our members speaks to the efforts of those who came before us, as well as that of our 
current leadership. I am pleased to report that our credit union had a prosperous 2017. But we will not stay complacent. Like a craftsman polishing a diamond, we will continue to look for ways to enhance our members' experience.
 2015 2016 Total Assets $827,368,215 $838,260,697 Members 94,408 89,343 Loans $505,863,789 $475,705,280 Employees–full-time 241 211 Employees–part-time 60 44 Branches 14 13
Transforming a rough diamond to a brilliant shining stone does not happen without expert knowledge, equipment and the right tools for the job. Likewise, a financial organization needs skilled guidance to ensure the credit union maintains a standard 
of excellence and complies with all governing regulations. Our Supervisory Committee 
fulfills that role, ensuring the financial well-being of the credit union as well as the 
prompt preparation of accounting records and reports. The Supervisory Committee employs both internal and external audits to help ensure 
the credit union is managed properly. Our internal team consists of three knowledgeable and dedicated professionals. John Hopkins is our Chief Risk Officer, Cheri Schneier is our Senior Auditor and Jessica Kovar is our Internal Auditor. Not only do they work with the Supervisory Committee on developing and executing an effective internal audit program, but they also oversee the process of our independent audit. Stephen Lang & Associates performed the state-mandated external audit for 2017, 
and Vantage Credit Union once again received the best audit opinion possible—an Unqualified Opinion. The full report reflects the continued financial strength and 
viability of your credit union. As a not-for-profit financial cooperative, our member-owners play a vital role in the success of the credit union. Our members are encouraged to volunteer to serve in a 
variety of capacities, such as the Supervisory Committee. Qualified volunteers are appointed annually.
Approved 2018 Budget
Income Interest on Loans 26,267,604 Interest on Investments 4,644,958 Other Income 22,417,991 Total Income $53,330,553 Expenses Interest Expense 3,457,685 Employee Expense 19,405,682 Operating Expense 25,272,991 Total Expenses $48,136,358 Surplus $5,194,195
Statement of Financial Condition For Fiscal Years Ending: 2015, 2016, 2017
Statement of Income & Expenses For Fiscal Years Ending: 2015, 2016, 2017
Shares, Assets & Net Loans For Fiscal Years Ending: 2015, 2016, 2017
Loan Statistics
This credit union is federally insured by the National Credit Union Administration.
Report from the Board of Directors 2017 marked 60 years for Vantage Credit Union. 60 years. Our diamond anniversary. What does a diamond symbolize? Brilliance. Strength. Beauty. But what else does a diamond symbolize? The transformation a diamond takes from its rough origins to a polished gemstone is not a simple task. It does not happen quickly or without the efforts of skilled craftsmen. Yet, the beauty a diamond achieves is without comparison. With many facets to be admired and hidden features yet to be discovered. How does this relate to Vantage Credit Union? In 1957, members of the St. Louis Suburban Teacher's Association had a vision for a credit union. Originally founded to serve members of the teaching profession with traditional financial services, our future potential had yet to be realized. Over the course of the past 60 years, our skilled leadership—both volunteers and management—has polished our approach time and time again. Many new facets and service offerings have been uncovered, helping our members achieve their financial goals. Today, we serve nearly 90,000 members with diverse backgrounds and occupations. We're a full-service financial institution. That transformation would not have occurred without strength, integrity, skill and perseverance.
From its origin, a diamond is rough. Transformed from carbon at high temperatures. 
So how does a diamond become a high-quality gemstone? A process called 'cutting' takes a rough diamond and changes it into a shaped and beautiful gem. Cutting includes multiple steps: planning, cleaving, bruiting, polishing 
and inspecting. It must be undertaken by a professional with expert knowledge, equipment and tools for the job. Every single decision the craftsman makes will affect 
the gemstone's worth and beauty. How does that relate to Vantage and our evolution over the past 60 years? Like the process of cutting, leading a sound credit union requires planning, skill, knowledge, tools and experience. One of the keys to our strength as a financial institution has been skilled leadership. Over the course of our history, we have been fortunate to have strong governance shaping the development and growth of our credit union. We had a solid foundation. Moreover, management understood the importance of continually reviewing and refining our offering of services to meet our members' 
ever-changing needs. 2017 was a transformative year for Vantage Credit Union. We took an internal look at
our organization and made some critical and necessary changes, polishing our approach to serving members and positioning ourselves for a more prosperous future. Moving forward, we will continue to evaluate the performance of our organization to ensure our member-owners are realizing all the benefits of being part of a not-for-profit financial cooperative. We will remain focused on meeting your needs and helping you achieve your financial goals.
One of the many facets of a diamond, so to speak, is its strength. Diamonds are the hardest known natural material, able to withstand crushing pressures. Similarly, Vantage has displayed financial strength over the course of the past 60 years. In the midst of an ever-changing economic landscape over the past six decades, Vantage has sustained its position as a member-owned financial services organization and even expanded its presence in many ways. Geographically. Membership. And, most importantly, breadth of service offerings. Our ability to deliver a full menu of financial services to our members speaks to the efforts of those who came before us, as well as that of our 
current leadership. I am pleased to report that our credit union had a prosperous 2017. But we will not stay complacent. Like a craftsman polishing a diamond, we will continue to look for ways to enhance our members' experience.
 2015 2016 Total Assets $827,368,215 $838,260,697 Members 94,408 89,343 Loans $505,863,789 $475,705,280 Employees–full-time 241 211 Employees–part-time 60 44 Branches 14 13
Transforming a rough diamond to a brilliant shining stone does not happen without expert knowledge, equipment and the right tools for the job. Likewise, a financial organization needs skilled guidance to ensure the credit union maintains a standard 
of excellence and complies with all governing regulations. Our Supervisory Committee 
fulfills that role, ensuring the financial well-being of the credit union as well as the 
prompt preparation of accounting records and reports. The Supervisory Committee employs both internal and external audits to help ensure 
the credit union is managed properly. Our internal team consists of three knowledgeable and dedicated professionals. John Hopkins is our Chief Risk Officer, Cheri Schneier is our Senior Auditor and Jessica Kovar is our Internal Auditor. Not only do they work with the Supervisory Committee on developing and executing an effective internal audit program, but they also oversee the process of our independent audit. Stephen Lang & Associates performed the state-mandated external audit for 2017, 
and Vantage Credit Union once again received the best audit opinion possible—an Unqualified Opinion. The full report reflects the continued financial strength and 
viability of your credit union. As a not-for-profit financial cooperative, our member-owners play a vital role in the success of the credit union. Our members are encouraged to volunteer to serve in a 
variety of capacities, such as the Supervisory Committee. Qualified volunteers are appointed annually.
Approved 2018 Budget
Income Interest on Loans 26,267,604 Interest on Investments 4,644,958 Other Income 22,417,991 Total Income $53,330,553 Expenses Interest Expense 3,457,685 Employee Expense 19,405,682 Operating Expense 25,272,991 Total Expenses $48,136,358 Surplus $5,194,195
Statement of Financial Condition For Fiscal Years Ending: 2015, 2016, 2017
Statement of Income & Expenses For Fiscal Years Ending: 2015, 2016, 2017
Shares, Assets & Net Loans For Fiscal Years Ending: 2015, 2016, 2017
Loan Statistics
This credit union is federally insured by the National Credit Union Administration.
This credit union is federally insured by the National Credit Union Administration.
This credit union is federally insured by the National Credit Union Administration.