2024-11-15T16:09:00-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2023-01-01 390203995 LANDMARK CREDIT UNION LAND 2627964500 555 S EXECUTIVE DR BROOKFIELD WI 53005 DAVID POWERS CFO 2627964500 2024-11-13 1 0 TANYA MEDGAARDEN P01717240 5074347000 2024-11-13 2023 2024-10-15 13:58:12Z DAVID POWERS 555 S EXECUTIVE DR BROOKFIELD WI 53005 359180887 0 X WWW.LANDMARKCU.COM X CREDIT UNION 1933 WI LANDMARK CREDIT UNION IS A MEMBER-OWNED NOT-FOR-PROFIT, COOPERATIVE FINANCIAL INSTITUTION. 10 9 1251 0 238378 0 0 0 226880001 292612067 26305219 63813293 72747 14400 253257967 356439760 0 0 28232334 88104396 90795013 96809485 0 0 0 77476363 144237545 196503710 329151426 56754257 27288334 6153508927 6362138027 5578481174 5740434492 575027753 621703535 X LANDMARK CREDIT UNION IS A COOPERATIVE, NONPROFIT CORPORATION, INCORPORATED UNDER WISCONSIN STATE LAW TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. 0 0 PROVIDE LOW-COST FINANCIAL SERVICES TO OVER 389,778 MEMBERS, WHO RESIDE PRIMARILY IN SOUTHEASTERN WISCONSIN. PROVIDED OVER 721,929 SAVINGS-TYPE ACCOUNTS TO THE CREDIT UNION'S MEMBERS. THE ACCOUNTS ARE STRUCTURED TO ENCOURAGE MEMBER THRIFT AND PROVIDE A COMPETITIVE RETURN ON THEIR SAVINGS. GRANTED 47,558 LOANS TO CREDIT UNION MEMBERS, REPRESENTING APPROXIMATELY $2,029,517,352 AIMED AT MEETING THEIR RESPECTIVE FINANCING NEEDS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 250014 0 1251 1 1 1 0 0 0 0 0 0 0 1 0 X 10 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 0 0 X DAVID POWERS 2627964500 555 S EXECUTIVE DR BROOKFIELD WI 53005 JAY MAGULSKI TREASURER/CEO/PRESIDENT 50.00 X X 1649227 0 85483 BRIAN DOROW CHAIRPERSON 10.00 X X 25725 0 0 GRACE KOSTROSKI VICE CHAIRPERSON 10.00 X X 19775 0 0 NANCY DICKMAN SECRETARY 10.00 X X 22694 0 0 JENNIFER BOGNAR DIRECTOR 10.00 X 16375 0 0 AILEC GONZALEZ DIRECTOR 10.00 X 16375 0 0 MIKE ERWIN DIRECTOR 10.00 X 16375 0 0 JOHN SCHULZE JR DIRECTOR 10.00 X 16375 0 0 NELSON PHILLIPS DIRECTOR 10.00 X 16375 0 0 DANE SANDERSEN ASSOCIATE DIRECTOR 10.00 X 10028 0 0 BRIAN MELTER CXO 50.00 X 531738 0 63702 STEPHEN HANNAN JR CIO 50.00 X 443350 0 59762 MARK KENNEDY CLO 50.00 X 440268 0 60685 DAVID POWERS CFO 50.00 X 408281 0 57339 JODI GREENMEIER CPO 50.00 X 367932 0 47640 ROBERT BRUEMMER EVP 50.00 X 281530 0 9994 LUKE HESPRICH SENIOR INVESTMENT REP 40.00 X 451406 0 68271 THOMAS MAAS SVP COMMERCIAL LENDING 40.00 X 306565 0 58702 ADAM NEWMAN EVP 40.00 X 310329 0 54747 RYAN JANDRIS SVP DIGITAL STRATGEY 40.00 X 284900 0 45231 KAREN CULLEN SVP LEGAL, RISK AND COMPLIANCE 40.00 X 285027 0 40617 5920650 0 652173 131 0 1 0 FISERV PO BOX 934057 ATLANTA GA 311934057 DATA SERVICES 5545291 NUSOURCE FINANCIAL INC 9749 HAMILTON ROAD EDEN PRAIRIE MN 55344 FINANCIAL SERVICES 4085002 ALKAMI TECHNOLOGY PO BOX 122223 DEPT 2223 DALLAS TX 753122223 DIGITAL BANKING SERVICES 3806407 CRAMER KRASSELT 39012 TREASURY CENTER CHICAGO IL 606949000 MARKETING 3650572 CDW DIRECT LLC PO BOX 75723 CHICAGO IL 606755273 BUSINESS SOLUTIONS 1682616 109 LOAN INTEREST INCOME 522100 236462542 236462542 OTHER OPERATING INCOME 522100 32333235 32333235 FEE REVENUE 522100 23816290 23577912 238378 292612067 60953222 60953222 14400 0 14400 14400 14400 890236 4710962 390715 2350412 499521 2360550 2860071 2860071 356439760 292388089 238378 63813293 88104396 4667028 70213412 6573379 10185313 5170353 1212527 316523 19116132 7069472 15411000 6433875 586764 48356807 9048620 MISC. OPERATING EXPENSE 14410595 PROVISION FOR CREDIT LO 12836328 LOAN SERVICING EXPENSES 9131680 OPERATING FEES 307222 329151426 49580247 76127291 219758780 119099743 2246817 4620263 4961120242 5328724552 6252008 7960766 200048688 57917770 138662477 142130918 627585363 561952025 19658028 18285874 128644965 103236595 6153508927 6362138027 108182672 99563686 5774014 180105000 490000000 5290193502 5145096792 5578481174 5740434492 X 0 0 0 0 575027753 621703535 575027753 621703535 6153508927 6362138027 X 27288334 19898421 -510973 X X 0 1 X 1 0 0 1 X 30798937 30798937 117095321 24374834 92720487 914205 757904 156301 51240225 32785032 18455193 142130918 ALL OTHER SHARES/DEPOSITS 5145096792 5145096792 X PART IV, LINE 2B: THE CREDIT UNION MAINTAINS REAL ESTATE ESCROW ACCOUNTS USED TO PAY MEMBERS REAL ESTATE TAXES AND INSURANCE. 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 DECEMBER 31, 2023 AND 2022. THE CREDIT UNION'S 2020 AND SUBSEQUENT TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. X 0 1 0 JAY MAGULSKI TREASURER/CEO/PRESIDENT 640993 0 272654 0 735580 0 54332 0 31151 0 1734710 0 0 0 BRIAN MELTER CXO 361207 0 162518 0 8013 0 35051 0 28651 0 595440 0 0 0 LUKE HESPRICH SENIOR INVESTMENT REP 9184 0 439533 0 2689 0 37120 0 31151 0 519677 0 0 0 STEPHEN HANNAN JR CIO 325044 0 110945 0 7361 0 31147 0 28615 0 503112 0 0 0 MARK KENNEDY CLO 320535 0 111289 0 8444 0 29570 0 31115 0 500953 0 0 0 DAVID POWERS CFO 302757 0 97515 0 8009 0 28758 0 28581 0 465620 0 0 0 JODI GREENMEIER CPO 271871 0 90381 0 5680 0 28440 0 19200 0 415572 0 0 0 THOMAS MAAS SVP COMMERCIAL LENDING 173193 0 129975 0 3397 0 30420 0 28282 0 365267 0 0 0 ADAM NEWMAN EVP 236567 0 68096 0 5666 0 26162 0 28585 0 365076 0 0 0 RYAN JANDRIS SVP DIGITAL STRATGEY 230133 0 53034 0 1733 0 16831 0 28400 0 330131 0 0 0 KAREN CULLEN SVP LEGAL, RISK AND COMPLIANCE 230519 0 49795 0 4713 0 12208 0 28409 0 325644 0 0 0 ROBERT BRUEMMER EVP 80373 0 36003 0 165154 0 3678 0 6316 0 291524 0 0 0 PART I, LINE 4B NAME: JAY MAGULSKI, CURRENT YEAR AMOUNT: $338,484. PLAN DESCRIPTION: 457(F) FORM 990, PART VI, SECTION A, LINE 6 LANDMARK CREDIT UNION IS COOPERATIVELY OWNED BY ITS APPROXIMATELY 389,778 MEMBERS. OWNERSHIP IS ACQUIRED THROUGH OPENING A QUALIFYING SHARE (SAVINGS) ACCOUNT, WITH A MINIMUM DEPOSIT OF $5.00. EACH MEMBER IS ENTITLED TO AN EQUAL VOTE IN MATTERS IN WHICH THE CREDIT UNION'S BYLAWS EMPOWER MEMBER AUTHORIZATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS TO REPRESENT THEIR COOPERATIVE INTERESTES. DIRECTORS ARE ELECTED FOR THREE-YEAR TERMS, AND MUST STAND FOR ELECTION AT A MEETING OF THE MEMBERSHIP UPON EXPIRATION OF THEIR RESPECTIVE TERMS. FORM 990, PART VI, SECTION A, LINE 7B AT ANY MEETING OF THE MEMBERSHIPS, A MAJORITY OF THE MEMBERS PRESENT MAY DIRECT THE BOARD OF DIRECTORS TO: A.) CONSIDER IMPLEMENTING ANY POLICY PROPOSED BY THE MEMBERS; B.) RECONSIDER ANY DECISION OF THE DIRECTORS, OFFICERS OR COMMITTEES; C.) BY A THREE-FOURTHS VOTE REMOVE ANY DIRECTOR, AND; D.) BY A THREE-FOURTHS VOTE AMEND THE EXISTING BYLAWS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B CFO TO REVIEW COMPLETED RETURN AS PART OF SIGNING OFF ON YEARS FILING. FORM 990, PART VI, SECTION B, LINE 12C OATH OF OFFICE IS SIGNED ANNUALLY, ANY ITEM OF VALUE OVER $250 GIVEN TO AN ASSOCIATE MUST BE REPORTED, JUSTIFIED, AND APPROVED BY THE PRESIDENT. ALL ASSOCIATES ARE COVERED. FORM 990, PART VI, SECTION B, LINE 15A ALL EMPLOYEES RECEIVE AN ANNUAL PERFORMANCE EVALUATION AT WHICH TIME COMPENSATION FOR THE NEXT YEAR IS DETERMINED. THERE IS A CHAIRMAN OF THE BOARD THAT ACTS ON THE PRESIDENT'S REVIEW AND DETERMINES THE MERIT INCREASE. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC FORM 990, PART XI, LINE 9: CHANGE IN OCI 2,296,027. ROUNDING CECL ADJUSTMENT -2,807,000. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR. LANDMARK FINANCIAL SERVICES INC 2775 S MOORLAND ROAD STE 301 NEW BERLIN WI 53151 391607208 DORMANT CORPORATION WI LANDMARK CREDIT UNION