2025-05-13T15:59:15-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2024-01-01 396264347 COMMUNITY FIRST CREDIT UNION COMM 9208307200 PO BOX 1487 APPLETON WI 54912 CATHERINE J TIERNEY CEO/PRESIDENT 9208307200 2025-05-13 1 0 TANYA MEDGAARDEN P01717240 5074347000 2025-05-13 2024 2025-03-06 01:10:19Z CATHERINE J TIERNEY PO BOX 1487 APPLETON WI 54912 336174589 0 X WWW.COMMUNITYFIRSTCU.ORG X 1975 WI OUR MISSION IS TO BE OUR MEMBERS' PRIMARY FINANCIAL SERVICES PROVIDER 11 10 729 10 32513 0 0 0 184538556 225126989 96702515 105613340 2423452 5263928 283664523 336004257 0 0 106206356 147868941 48924420 53179493 0 0 0 62958817 68644434 218089593 269692868 65574930 66311389 5550453190 6031707524 4896441178 5308262145 654012012 723445379 X COMMUNITY FIRST CREDIT UNION WILL PROVIDE HIGH QUALITY, COMPETITIVE FINANCIAL PRODUCTS AND SERVICES WHICH ANTICIPATE AND EXCEED OUR MEMBERS' NEEDS. WE INTEND TO BE THE PRIMARY FINANCIAL ORGANIZATION FOR OUR MEMBERS BY EARNING AND MAINTAINING THEIR TRUST, BY MAINTAINING A BALANCE BETWEEN SOUND GROWTH, EARNINGS AND RESERVES, BY PROVIDING A CHALLENGING AND REWARDING ENVIRONMENT FOR OUR EMPLOYEES AND BY CONTRIBUTING TO THE SOCIAL AND ECONOMIC WELL-BEING OF THE COMMUNITIES WE SERVE. 0 0 PROVIDED FINANCIAL SERVICES TO 159,598 MEMBER OWNERS IN 2024. FUNDED 33,623 LOANS TO THESE MEMBERS IN 2024 FOR $1,407,304,205. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 110160 0 1 729 1 1 1 0 0 0 0 0 1 0 X 11 10 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X CATHERINE J TIERNEY 9208307200 1575 DRESANG WAY NEENAH WI 54956 CATHERINE J TIERNEY CEO/PRESIDENT/BOD TREASURER 40.00 X X 1324612 0 33486 SARA MICHELETTI CHAIRPERSON 1.00 X X 0 0 0 PETER MARIAHAZY VICE CHAIRPERSON 1.00 X X 0 0 0 MICHAEL MOORE SECRETARY 1.00 X X 0 0 0 KATHRYN SIEMAN BOARD MEMBER 1.00 X 0 0 0 DANIEL FERRIS BOARD MEMBER 1.00 X 0 0 0 PAUL SCHWARTZ BOARD MEMBER 1.00 X 0 0 0 AMY FRICKE-WEIGEL BOARD MEMBER 1.00 X 0 0 0 MATTHEW BINGHAM BOARD MEMBER 1.00 X 0 0 0 ADAM SWOVERLAND BOARD MEMBER 1.00 X 0 0 0 SARA HUTCHINSON BOARD MEMBER 1.00 X 0 0 0 JAY FULKERSON BOARD MEMBER - EMERITUS 1.00 X 0 0 0 SCOTT STEINFORT CHIEF TECHNOLOGY OFFICER 40.00 X 434009 0 101846 CHARLES BOSTICK CHIEF FINANCIAL OFFICER 40.00 X 473801 0 46945 TIMOTHY HOFF CHIEF LENDING OFFICER 40.00 X 412291 0 107869 AMANDA SECOR CHIEF OF STAFF 40.00 X 346337 0 149436 KRISTY HESSE CHIEF HR OFFICER 40.00 X 373208 0 48756 KARRIE DROBNICK CHIEF STRATEGY & EXPERIENCE OFFICER 40.00 X 222594 0 20194 JENNIFER DILORETO CHIEF RISK OFFICER 40.00 X 120167 0 4359 JAKE BUMAN FINANCIAL ADVISOR 40.00 X 478042 0 57624 JEFFREY GARRETT FINANCIAL ADVISOR PROGRAM 40.00 X 371530 0 102448 CHAD SCHROEDER FINANCIAL ADVISOR 40.00 X 360942 0 100111 MARY LORNSON SVP LENDING 40.00 X 275605 0 143532 MARY J SULLIVAN SVP SPECIAL PROJECTS 40.00 X 340745 0 106910 5533883 0 1023516 13 0 1 0 FISERV PO BOX 934057 ATLANTA GA 311934057 DATA PROCESSING 2272462 BURTON KARSTEDT INC 2336 HIGH POINT DR LINDENHURST IL 60046 ADVERTISING 2146980 LUMIN DIGITAL 3001 BISHOP DRIVE STE 110 SAN RAMON CA 94583 DIGITAL BANKING SERVICES 1510821 HEARTLAND BUSINESS SYSTEMS INC 1700 STEPHEN ST LITTLE CHUTE WI 54140 DATA PROCESSING 1077560 INFOIMAGE 175 S HILL DRIVE BRISBANE CA 94005 STATEMENT PRINTING 465962 33 LOAN INTEREST 522100 185628482 185628482 OTHER OPERATING INCOME 522100 26752630 26752630 FEES & SERVICE CHGS 522100 12745877 12697126 48751 225126989 105654046 105654046 9750 25988 -16238 -16238 -16238 103638 144344 -40706 -40706 -40706 OTHER NON-INTEREST INCOME 522100 5280166 5280166 5280166 336004257 230358404 32513 105613340 147868941 4219910 38338180 2902532 4476435 3242436 248884 741100 5332287 10472854 5842872 2771199 381547 341718 27015509 4104201 379071 LOAN SERVICING EXPENSES 4870844 PROVISION FOR CREDIT LO 4165877 MISC NON-INTEREST EXPEN 1716119 OPERATING FEES 260352 269692868 14324270 11939932 33578 10433 3929480622 4219055780 53884640 71174394 113739396 44495933 70384732 69243463 1412112995 1580750196 70232353 79533326 5550453190 6031707524 58234479 47245749 2393000 4838206699 5258623396 4896441178 5308262145 X 0 0 0 0 654012012 723445379 654012012 723445379 5550453190 6031707524 X 66311389 3121978 X X 0 0 0 19636148 19636148 63434670 20347169 43087501 658542 554131 104411 28836800 23594633 5242167 1173236 1173236 69243463 INVESTMENTS - PROGRAM RELATED 1580750196 C 1580750196 MEMBER ACCOUNTS 5258623396 5258623396 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE (IRC) 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF SEPTEMBER 30, 2024 AND 2023 THE CREDIT UNION'S 2021 THROUGH 2023 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 1 X X X X 0 1 0 CATHERINE J TIERNEY CEO/PRESIDENT/BOD TREASURER 981844 0 309561 0 33207 0 23000 0 10486 0 1358098 0 0 0 SCOTT STEINFORT CHIEF TECHNOLOGY OFFICER 333701 0 88738 0 11570 0 65723 0 36123 0 535855 0 0 0 JAKE BUMAN FINANCIAL ADVISOR 472837 0 0 0 5205 0 19036 0 38588 0 535666 0 0 0 CHARLES BOSTICK CHIEF FINANCIAL OFFICER 378119 0 89802 0 5880 0 22983 0 23962 0 520746 0 0 0 TIMOTHY HOFF CHIEF LENDING OFFICER 319677 0 84428 0 8186 0 83463 0 24406 0 520160 0 0 0 AMANDA SECOR CHIEF OF STAFF 264956 0 71308 0 10073 0 119240 0 30196 0 495773 0 0 0 JEFFREY GARRETT FINANCIAL ADVISOR PROGRAM 365421 0 0 0 6109 0 66027 0 36421 0 473978 0 0 0 CHAD SCHROEDER FINANCIAL ADVISOR 355822 0 0 0 5120 0 84691 0 15420 0 461053 0 0 0 MARY J SULLIVAN SVP SPECIAL PROJECTS 267831 0 61951 0 10963 0 90086 0 16824 0 447655 0 0 0 KRISTY HESSE CHIEF HR OFFICER 294000 0 73210 0 5998 0 48756 0 0 0 421964 0 0 0 MARY LORNSON SVP LENDING 230801 0 36411 0 8393 0 129449 0 14083 0 419137 0 0 0 KARRIE DROBNICK CHIEF STRATEGY & EXPERIENCE OFFICER 204077 0 15000 0 3517 0 0 0 20194 0 242788 0 0 0 PART I, LINE 4B CATHERINE J. TIERNEY - PARTICIPATED IN 457(B) DEFERRED COMPENSATION PLAN - NO PAYOUT IN 2024 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OWNER HAS ONE VOTE TO ELECT ONE OR MORE DIRECTORS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER HAS ONE VOTE TO UTILIZE IN RATIFYING SIGNIFICANT DECISIONS BEYOND THE AUTHORITY OF THE BOARD AS OUTLINED BY THE ORGANIZATION'S BYLAWS. ANY DECISION TO DISSOLVE OR MERGE THE ORGANIZATION REQUIRES APPROVAL OF MEMBERSHIP, UNLESS MANDATED BY REGULATORY AGENCY (I.E. NCUA, WISCONSIN OFFICE OF CREDIT UNIONS). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY CEO AND PRESENTED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS COMPLETES A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE USED AN OUTSIDE COMPENSATION CONSULTANT FOR CEO AND KEY EMPLOYEE COMPENSATION. THE COMPENSATION CONSULTANT WORKS DIRECTLY WITH THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE REVIEWED BY THE BOARD OF DIRECTORS MONTHLY AND AN ANNUAL REPORT IS AVAILABLE TO MEMBERSHIP EACH YEAR. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME 3,121,978. FORM 990, PART XII, LINE 2B: AUDITED FINANCIAL STATEMENTS: THE ORGANIZATION HAS AN AUDIT PERFORMED EACH YEAR AS OF SEPTEMBER 30TH. THIS QUESTION IS BEING ANSWERED 'NO' ONLY BECAUSE THE REPORTING PERIOD FOR THE ANNUAL AUDIT DOES NOT MATCH THE DECEMBER 31ST REPORTING PERIOD FOR THE FORM 990. FORM 990, PART XII, LINE 2C: A FINANCIAL AUDIT IS PERFORMED ANNUALLY ALONG WITH INTERNAL AUDITS WHICH ARE PERFORMED THROUGHOUT THE YEAR. THE AUDIT PLAN AND ACTUAL AUDIT REPORTS ARE REVIEWED WITH THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. COMMUNITY FIRST SERVICES INC PO BOX 1487 APPLETON WI 54912 391604353 INSURANCE WI COMMUNITY FIRST CREDIT UNION C -358883 1.00000 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 NO TRANSACTIONS OVER 50K IN 2024