2023-05-03T08:04:18-05:00 2022-12-31 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2022-01-01 390823125 WESTCONSIN CREDIT UNION WEST 7152353403 3227 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 JERILYN KINDERMAN CFO 7152353403 2023-05-01 1 JERILYN KINDERMAN 999009999 0 MICHAEL J PETERSON CPA P01833529 2187224705 2023-04-24 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z LORA BENRUD 3227 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 89154853 0 2157 X WESTCONSINCU.ORG X 1938 WI WESTCONSIN CREDIT UNION IS COMMITTED TO HELPING OUR MEMBERS ACHIEVE FINANCIAL SUCCESS. 7 7 522 7 3811639 4311 0 0 82588504 74350697 4268730 10529504 6383148 3862686 93240382 88742887 173608 168452 0 0 39325276 39206099 0 0 0 33342889 35719666 72841773 75094217 20398609 13648670 1929229714 1937869169 1729237662 1774139404 199992052 163729765 WESTCONSIN CREDIT UNION IS COMMITTED TO HELPING OUR MEMBERS ACHIEVE FINANCIAL SUCCESS. 0 0 WESTCONSIN CREDIT UNION, LIKE ALL CREDIT UNIONS, IS EXEMPT FROM FEDERAL AND MOST STATE TAXES BECAUSE WE ARE A MEMBER-OWNED, NOT FOR PROFIT ORGANIZATION. IN TURN, WE REINVEST INTO OUR ORGANIZATION AND COMMUNITIES. WE ENCOURAGE OUR LEADERS AND EMPLOYEES TO GET INVOLVED IN COMMUNITY CHARITABLE ACTIVITIES AND WORTHWHILE CAUSES, VOLUNTEERING OVER 3,900 HOURS IN 2022. THROUGH PROVIDING FREE FINANCIAL PROGRAMS AND SERVICES TO PROMOTE FINANCIAL EDUCATION AND LITERACY, WESTCONSIN EDUCATED NEARLY 54,000 STUDENTS IN OVER 200 AREA SCHOOLS. IN 2022, WESTCONSIN PROVIDED LOW-COST FINANCIAL SERVICES TO 113,981 MEMBERS. SERVED MEMBERS' INTERESTS BY ACCEPTING DEPOSITS, GRANTING LOANS, AND INVESTING EXCESS FUNDS IN A PRUDENT MANNER. PROVIDED OVER 20,000 LOANS FOR OVER $618 MILLION TO MEMBERS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 58104 0 1 522 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 1 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X LORA BENRUD 7152353403 3227 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 GERALD WOLF CHAIRPERSON 5.00 X X 7300 0 0 TOIDD LEIPNITZ VICE CHAIRPERSON 5.00 X X 7300 0 0 KAREN FLUG TREASURER 5.00 X X 7300 0 0 COLLEEN MENSING SECRETARY 5.00 X X 7300 0 0 DALE DAHLKE BOARD MEMBER 5.00 X 7300 0 0 MARK DAHMS BOARD MEMBER 5.00 X 7300 0 0 SARAH NOREEN BOARD MEMBER 5.00 X 7300 0 0 LORA BENRUD CEO 40.00 X 608211 0 73110 JERILYN KINDERMAN CFO 40.00 X 282210 0 71199 MICHAEL TOMASEK CIO 40.00 X 256789 0 39479 JIM WOOKEY COO 40.00 X 250762 0 67831 NICOLE YARRINGTON CTO 40.00 X 222324 0 34902 SCOTT GILTNER CLO 40.00 X 224100 0 51887 STEPHANIE RASMUSSEN CXO 40.00 X 191849 0 57105 TIMOTHY CARLSON VP - WESTCONSIN INVESTMENT 40.00 X 269559 0 44882 MELISSA KRAEMER MORTGAGE LOAN ORIGINATOR 40.00 X 150927 0 23928 RUSSELL BLASIUS SENIOR VP - RETAIL OPERATIONS 40.00 X 186147 0 54675 JAMES WYNN VP - BUSINESS LOANS AND SERVICES 40.00 X 188836 0 55128 JEFFERY JAEGER VP OFFICE II 40.00 X 150543 0 33104 3033357 0 607230 59 0 1 0 HOEFT BUILDERS INC 2423 RIVERS EDGE DRIVE STE 1 ALTOONA WI 54720 BUILDING CONTRACTOR 3099872 FISERV 255 FISERV DR BROOKFIELD WI 53008 IT SOLUTIONS 2001743 NCR CORPORATION 3095 SATELLITE BLVD BUILDING 800 DULUTH GA 30096 MOBILE AND ONLINE BANKING 1348692 DIAMOND MARKETING COMPANY 2220 STONEBRIDGE ROAD WEST BEND WI 53095 MARKETING SERVICES 825098 CORELATION 2305 HISTORIC DECATUR ROAD STE 300 SAN DIEGO CA 92106 IT SOLUTIONS 644167 5 LOAN INTEREST INCOME 522100 51724665 51724665 FEE INCOME 522100 18083764 18041745 42019 MORTGAGE SERVICING INCOME 522100 2062700 2062700 FANNIE MAE LOAN SALES 522100 1464766 1464766 MEMBER FINANCIAL INCOME 525990 1014802 1014802 74350697 10419315 10419315 93066 0 93066 93066 93066 522155 411966 110189 110189 110189 REALTY COMMISSION INCOME 531390 2719510 2719510 TITLE SERVICE INCOME 531390 1050110 1050110 3769620 88742887 74308678 3811639 10622570 155452 13000 3640586 26827438 2742222 4081653 1914200 1325 228124 140909 722737 1840582 2088134 4119905 1850303 208747 345391 2951027 91892 DIVIDENDS ON MEMBER ACC 8020598 LOAN & CLOSING COSTS 6728295 DEBIT CARD EXPENSES 3218940 PROVISION FOR LOAN LOSS 1674759 1487998 75094217 8618255 7939102 354939929 113096581 3380754 4567103 1054761731 1238656841 1796579 2392879 61318800 26038961 33453938 35279839 432370522 504067561 16356591 6603112 4748638 4776205 18802777 20489946 1929229714 1937869169 28373096 32289827 983489 1081430 1699881077 1740768147 1729237662 1774139404 X 0 0 0 0 199992052 163729765 199992052 163729765 1929229714 1937869169 X 13648670 -50009480 98523 X 0 0 0 0 1 X 5591230 5591230 38490164 12871599 25618565 320848 320833 15 16916558 12846529 4070029 35279839 DEPOSITS 1740768147 1740768147 PART IV, LINE 2B: THE ORGANIZATION IS THE TRUSTEE OF CERTAIN MEMBER'S ESCROW FUNDS AND HAS RESPONSIBILITY FOR THE ADMINISTRATION AND DISTRIBUTIONS OF THESE FUNDS FOR MEMBERS OF THE ORGANIZATION. 1 STEPPING STONES OF DUNN COUNTY INC 1602 STOUT RD MENOMONIE WI 54751 391608607 501(C)(3) 0 20600 PARTNERSHIP DONATION/FOOD TRUCK PARTNERSHIP DONATION NORTHERN STATE FAIR ASSOCIATION INC 225 EDWARD STREET CHIPPEWA FALLS WI 54729 391842999 501(C)(3) 0 15000 CAPITAL PLEDGE GENERA UW-RIVER FALLS FOUNDATION 410 S 3RD STREET RIVER FALLS WI 54022 396464630 501(C)(3) 0 12500 SCITECH DONATION GENERAL DONATION/ASSISTANCE NEW RICHMOND AREA COMMUNITY FOUNDATION 516 2ND STREET SUITE 214 HUDSON WI 54016 411817315 501(C)(3) 0 12500 WILL PLAYGROUND DONATION GENERAL DONATION/ASSISTANCE UNITED WAY OF ST CROIX VALLEY 516 SECOND STREET SUITE 214B HUDSON WI 54016 391372545 501(C)(3) 0 12000 GENERAL DONATION/ASSISTANCE GENERAL DONATION/ASSISTANCE RIVERWOOD NATURE CENTER INC 217 W 1ST ST STAR PRAIRIE WI 54026 842467222 501(C)(3) 0 10000 GENERAL DONATION/ASSISTANCE GENERAL DONATION/ASSISTANCE OPERATION HELP INC 901 FORTH STREET SUITE 214 HUDSON WI 54016 391711703 501(C)(3) 0 10000 GENERAL DONATION/ASSISTANCE GENERAL DONATION/ASSISTANCE ELLSWORTH PUBLIC LIBRARY 312 W MAIN ST ELLSWORTH WI 54011 391621897 GOV'T 0 10000 LIBRARY BUILDING DONATION LIBRARY BUILDING DONATION UNITED WAY OF DUNN COUNTY PO BOX 3266 MENOMONIE WI 54751 396099810 501(C)(3) 0 6500 GENERAL DONATION/ASSISTANCE GENERAL DONATION/ASSISTANCE SCHOLARSHIPS 13 13000 PART I, LINE 2: THE ORGANIZATION KEEPS TRACK OF THE ORGANIZATIONS THAT RECEIVE DONATIONS. X X X X 0 0 0 LORA BENRUD CEO 559427 0 40211 0 8573 0 46150 0 26960 0 681321 0 0 0 JERILYN KINDERMAN CFO 262679 0 18631 0 900 0 41006 0 30193 0 353409 0 0 0 JIM WOOKEY COO 231903 0 16969 0 1890 0 36514 0 31317 0 318593 0 0 0 TIMOTHY CARLSON VP - WESTCONSIN INVESTMENT 265809 0 1770 0 1980 0 39912 0 4970 0 314441 0 0 0 MICHAEL TOMASEK CIO 240170 0 16319 0 300 0 35958 0 3521 0 296268 0 0 0 SCOTT GILTNER CLO 207532 0 13988 0 2580 0 21876 0 30011 0 275987 0 0 0 NICOLE YARRINGTON CTO 206666 0 15208 0 450 0 30932 0 3970 0 257226 0 0 0 STEPHANIE RASMUSSEN CXO 178202 0 12597 0 1050 0 28188 0 28917 0 248954 0 0 0 JAMES WYNN VP - BUSINESS LOANS AND SERVICES 175499 0 12437 0 900 0 27544 0 27584 0 243964 0 0 0 RUSSELL BLASIUS SENIOR VP - RETAIL OPERATIONS 171699 0 12558 0 1890 0 27125 0 27550 0 240822 0 0 0 JEFFERY JAEGER VP OFFICE II 138945 0 11320 0 278 0 21961 0 11143 0 183647 0 0 0 MELISSA KRAEMER MORTGAGE LOAN ORIGINATOR 140815 0 9474 0 638 0 21014 0 2914 0 174855 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 A BYLAW AMENDMENT TO ADD TWO MINNESOTA COUNTIES TOR OUR FIELD OF MEMBERSHIP (FOM) WERE APPROVED BY WI & MN IN 2022. COUNTIES HENNEPIN AND SCOTT WERE ADDED BRINING OUR FIELD OF MEMBERSHIP TO INCLUDE 17 WI COUNTIES AND 11 MN COUNTIES. FORM 990, PART VI, SECTION A, LINE 6 THE FOLLOWING PERSONS SHALL BE ELIGIBLE FOR MEMBERSHIP IN THIS CREDIT UNION: 1. PERSONS RESIDING OR EMPLOYED IN THE FOLLOWING WISCONSIN COUNTIES; BARRON, BUFFALO, BURNETT, CHIPPEWA, CLARK DUNN, EAU CLAIRE, JACKSON, PEPIN, PIERCE, PINE, POLK, RUSK, ST. CROIX, SAWYER, TAYLOR, TREMPEALEAU, AND WASHBURN. 2. PERSONS RESIDING OR EMPLOYED IN THE FOLLOWING MINNESOTA COUNTIES; ANOKA, CHISAGO, DAKOTA, GOODHUE, HENNEPIN, ISANTI, RAMSEY, SCOTT, WABASHA, AND WASHINGTON. 3. PERSONS WHO ARE EMPLOYEES, MEMBERS, OR PATRONS OF ANY COOPERATIVE WITH A PRINCIPAL PLACE OF BUSINESS IN ANY OF THE ABOVE COUNTIES IN WISCONSIN OR MINNESOTA. 4. PERSONS WHO ARE EMPLOYEES, STUDENTS, OR ALUMNI OF ANY UNIVERSITY LOCATED IN ANY COUNTY LISTED IN (B)(1) OR (2) ABOVE, INCLUDING UW-BARRON, UW-EAU CLAIRE, UW-RIVER FALLS, AND UW-STOUT. 5. PERSONS WHO ARE EMPLOYEES, STUDENTS OR ALUMNI OF ANY TECHNICAL COLLEGE LOCATED IN ANY COUNTY LISTED IN (B)(1)(2) ABOVE, INCLUDING CHIPPEWA VALLEY TECHNICAL COLLEGE, DAKOTA COUNTY TECHNICAL COLLEGE, AND WISCONSIN INDIANHEAD TECHNICAL COLLEGE. 6. MEMBERS OF OR CONTRIBUTORS TO ANY ALUMNI ASSOCIATION OR FOUNDATION ASSOCIATED WITH A UNIVERSITY OR TECHNICAL COLLEGE LOCATED IN ANY COUNTY LISTED IN (B)(1) OR (2) ABOVE. 7. ANY EMPLOYEE OF THIS CREDIT UNION. 8. MEMBERS OF THE IMMEDIATE FAMILY OF ALL PERSONS ELIGIBLE FOR MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY ANNUALLY. THE MEMBERS HAVE THE ABILITY (WITH THREE-FOURTHS VOTE) TO REMOVE ANY DIRECTORS OR AMEND THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B AT ANY MEETING OF THE MEMBERS, IF THE NOTICE SO INDICATES, A MAJORITY OF MEMBERS PRESENT MAY DIRECT THE BOARD TO DO ANY OF THE FOLLOWING: 1. CONSIDER IMPLEMENTING ANY POLICY PROPOSED BY THE MEMBERS. 2. RECONSIDER ANY DECISION OF THE DIRECTORS, OFFICERS, OR COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE VP OF ACCOUNTING AND LEAD ACCOUNTANT ACCUMULATES ALL 990 AND 990-T INFORMATION, INCLUDING THE UBIT CALCULATIONS AND PROVIDES TO THE ORGANIZATION'S TAX PREPARER TO PROVIDE THE TAX RETURNS. THESE DOCUMENTS ARE REVIEWED BY THE CFO. THE 990 AND THE 990-T ARE REVIEWED BY THE GOVERNING BODY AND SENIOR MANAGEMENT PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES AND BOARD MEMBERS. IT IS REVIEWED ANNUALLY BY THE GOVERNING BODY AND EMPLOYEES. THE GOVERNING BODY VERIFIES EMPLOYEES ARE IN COMPLIANCE WITH CONFLICT OF INTEREST POLICY. CONFLICTS OF INTEREST ARE DETERMINED AT THE CEO, CORPORATE OFFICERS, AND THE BOARD LEVEL IF NECESSARY. THE CONFLICT OF INTEREST POLICY COVERS ALL RESTRICTIONS ARISING IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION RECEIVES SEVERAL ANNUAL SALARY SURVEYS AND SUBSCRIBES TO SERVICES FROM A COMPANY SPECIALIZING IN COMPENSATION TO REVIEW PAY STRUCTURE AND CONTINUALLY PROVIDE THE CREDIT UNION WITH ANNUAL PAY COMPARISONS TO SIMILAR POSITIONS IN THE INDUSTRY. THE ORGANIZATION'S BOARD OF DIRECTORS HAS FINAL APPROVAL OVER THE CEO'S COMPENSATION. THE BOARD OF DIRECTORS ALSO DISCUSS AND APPROVE THE COMPENSATION FOR THE REMAINING EXECUTIVE LEVEL POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMP. INCOME 98,523. WESTCONSIN REALTY LLC 3333 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 200157525 REAL ESTATE BROKERAGE SERVICES WI 2719510 2731382 WESTCONSIN CREDIT UNION WESTCONSIN TITLE SERVICES LLC 3333 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 455377540 GENERAL TITLE SERVICES WI 1050110 2143845 WESTCONSIN CREDIT UNION