2024-04-17T12:55:17-04:00 2023-12-31 461065712 BRENT WOOKEY CPA PO BOX 1512 LA CROSSE WI 546021512 990 2023-01-01 390966830 TOMAH AREA CREDIT UNION TOMA 6083724736 PO BOX 940 TOMAH WI 54660 TODD SCHOLZ PRESIDENT/CEO 6083724736 2024-04-16 true TODD SCHOLZ 999009999 true BRENT WOOKEY CPA P00062439 6087920843 2024-04-17 X 2023 2023-04-26 12:10:37Z TODD SCHOLZ PO BOX 940 TOMAH WI 54660 4837364 false X WWW.TACUONLINE.COM X 1939 WI THE MISSION OF THIS CREDIT UNION TO PROVIDE THE BEST FINANCIAL SERVICE TO OUR MEMBERS. 7 7 26 7 7352 0 2599208 2961781 768126 1866011 9624 9572 3376958 4837364 2000 2000 0 1074545 1132597 0 0 1346695 1964871 2423240 3099468 953718 1737896 98532665 98978712 89365064 88073215 9167601 10905497 THE MISSION OF THIS CREDIT UNION TO PROVIDE THE BEST FINANCIAL SERVICE TO OUR MEMBERS. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 394 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 6,873 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 488 NEW LOANS DURING 2023. AS OF 12/31/23 WE HAD 2,723 LOANS RECEIVABLE. false false false false false false false true false true false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 3187 0 true 26 true true true false false false false false false false X 7 7 false false false false true true true true true false false false true true true true true true true false X JAYME ALTMAN 6083724736 PO BOX 940 TOMAH WI 54660 TODD SCHOLZ PRESIDENT/CE 45.00 X 158837 0 69036 JAYME ALTMAN VP ACCOUNTIN 45.00 X 74748 0 30798 JOHN FROELICH VICE CHAIR 1.00 X X 2850 0 0 PAUL WIESE CHAIR 1.00 X X 2850 0 0 LINDA JOHNSON TREASURER 1.00 X X 2700 0 0 JEFFERY CRAM DIRECTOR 1.00 X 2550 0 0 JOESPH BUBNICH DIRECTOR 1.00 X 2450 0 0 ALAN LAYLAN DIRECTOR 1.00 X 2450 0 0 MARTHA KLATT SECRETARY 1.00 X X 2300 0 0 251735 99834 1 false true false SHAZAM 6700 PIONEER PARKWAY JOHNSTON IA 50131 CARD PROCESSOR 327061 ENHANCED SOFTWARE PRODUCTS INC 1811 N HUTCHINSON ROAD SPOKANE WA 99212 CORE PROCESSOR 150250 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CARD PROCESSOR 109662 3 INTEREST ON LOANS 522130 2241657 2241657 MEMBER FEE INCOME 522130 644740 644740 OTHER MEMBER RELATED REVENUE 522130 68032 68032 FEE & INSURANCE REVENUE 520000 7352 7352 2961781 1866011 1866011 9572 9572 4837364 2954429 7352 1875583 2000 251735 579644 107019 131890 62309 2726 11790 725 60816 269027 158406 79255 12632 33660 2 82395 27587 DIVIDEND EXPENSE 726235 DEBIT CARD PROGRAM EXP 349968 LOAN SERVICING EXPENSE 110978 CREDIT LOSS EXPENSE 38669 3099468 0 0 0 912255 830188 37838111 35884320 16193 14838 51649969 54381028 149937 210530 2482920 1489389 1055784 993531 6061720 5596513 848696 1067764 98532665 98978712 620368 1218784 60217 51912 88684479 86802519 89365064 88073215 X 9167601 10905497 9167601 10905497 98532665 98978712 1737896 X false false false true X 116090 116090 1703990 883912 820078 662840 605477 57363 993531 NY LIFE INVESTMENT 3927244 F INVESTMENTS WITH MATURITY > 1 YR 750000 C CAPITAL ACCOUNT CORPORATE CU 367475 C WISCUB STOCK 277633 C FHLB STOCK 143200 C REACH BUSINESS LENDERS 98350 C PSU CAPITAL CREDITS 32611 C 5596513 MEMBER SHARES & DEPOSITS 86731423 DEFERRED COMP PLANS 123008 ESCROW ACCOUNTS TO LINE 21 BAL SHEET -51912 86802519 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS. X X X false true false TODD SCHOLZ PRESIDENT/CEO 140852 10200 7785 58042 10994 227873 SCHEDULE J, PAGE 1, PART I, LINE 4 TODD SCHOLZ 0 50,000 0 SCHEDULE J, PART III TODD SCHOLZ, PRESIDENT/CEO, PARTICIPATES IN AN INTERNAL EXECUTIVE BENEFIT ARRANGEMENT PLAN WHICH PROVIDES DEFERRED COMPENSATION BENEFITS. THE PLAN IS INTENDED TO BE COMPLIANT WITH CODE SECTION 457(F) TO THE EXTENT POSSIBLE. THE PLAN IS UNFUNDED, BUT AN ACCRUAL IS RECORDED ANNUALLY. THE AMOUNT SHOWN ABOVE IS THE AMOUNT ACCRUED FOR THIS TAX YEAR. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATION PROVIDES THE INFORMATION TO INDEPENDENT CPA TO PREPARE THE 990. MANAGEMENT REVIEWS THE 990 FOR ACCURACY, AND THEN AUTHORIZES CPA TO E-FILE THE APPROVED RETURN. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED CONSTANTLY. EACH TIME AN ISSUE ARRISES, THE POLICY IS REVIEWED TO ENSURE COMPLIANCE. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS DETERMINES AND APPROVES THE COMPENSATION FOR THE PRESIDENT. SALARY SURVEYS AND COMPARABILITY STUDIES ARE UTILIZED. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR ALL OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE PRESIDENT USING SALARY SURVEYS AND COMPARABILITY STUDIES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST.