2025-05-14T11:53:26-05:00 2024-12-31 390912608 HAWKINS ASH CPAS LLP 520 N BROADWAY SUITE 250 GREEN BAY WI 54303 990 2024-01-01 390738415 FOX COMMUNITIES CREDIT UNION FOXC 9209933753 2201 E ENTERPRISE AVE APPLETON WI 54913 NIKOLA B SCHAUMBERG CPA CFO 9209933753 2025-05-14 1 1 JEFFREY DANEN CPA P01236582 9203369850 2025-05-14 2024 2025-03-06 01:10:19Z CHRISTOPHER ALLEN 2201 E ENTERPRISE AVE APPLETON WI 54913 180612334 0 2157 X WWW.FOXCU.ORG X 1937 WI WE PARTNER WITH OUR MEMBERS, COMMUNITIES, AND FOX FAMILY TO BUILD STRONGER FINANCIAL FUTURES. 9 9 532 9 457753 0 0 0 117848963 140679482 18767275 38602275 1380779 1330577 137997017 180612334 0 799232 0 0 37758763 39799547 0 0 0 88293021 115431522 126051784 156030301 11945233 24582033 2838956202 3009910815 2589956576 2737187610 248999626 272723205 WE PARTNER WITH OUR MEMBERS, COMMUNITIES, AND FOX FAMILY TO BUILD STRONGER FINANCIAL FUTURES. 0 0 WE OFFER LOANS FOR PURCHASES OF RESIDENTIAL REAL ESTATE, CREDIT CARDS, AUTOMOBILES AND OTHER CONSUMER PURPOSES TO OUR INDIVIDUAL MEMBERS, AND OUR SMALL BUSINESS MEMBERS. AS OF 12/31/2024 WE HAD $1.1 BILLION OUTSTANDING IN RESIDENTIAL REAL ESTATE AND HOME EQUITY LOANS, $543 MILLION OUTSTANDING IN CONSUMER LOANS, AND $729 MILLION OUTSTANDING IN MEMBER BUSINESS LOANS. WE OFFER DEPOSIT PRODUCTS TO INDIVIDUAL MEMBERS AS WELL AS BUSINESS MEMBERS THAT QUALIFY IN OUR FIELD OF MEMBERSHIP. FOX DONATED IN EXCESS OF $875,000 TO VARIOUS LOCAL CHARITIES THROUGHOUT THE YEAR. FOX CONTINUES TO SUPPORT LOCAL NONPROFITS AND VOLUNTEERS AT MANY COMMUNITY EVENTS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 65005 0 1 532 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X NIKOLA B SCHAUMBERG CFO 9209933753 2201 E ENTERPRISE AVE APPLETON WI 54913 PAUL SIPPL DIRECTOR 1.00 X 11300 0 0 JAMES RICHARDSON VICE CHAIR 1.00 X X 12000 0 0 MICHAEL VOELKER TREASURER 1.00 X X 11500 0 0 JESSICA FLEEK SECRETARY 1.00 X X 11500 0 0 CAMILLE KEMNITZ-ZIZZO DIRECTOR 1.00 X 10800 0 0 WILLIAM PANELLA DIRECTOR 1.00 X 12000 0 0 ERIKA DAVISON-AVILLES DIRECTOR 1.00 X 8100 0 0 JOANNE BOGENSCHUTZ DIRECTOR 1.00 X 11300 0 0 RICHARD SCOTT CHAIR 1.00 X X 15000 0 0 CHRISTOPHER ALLEN PRESIDENT/CEO 40.00 X 662578 0 59074 NIKI SCHAUMBERG CHIEF FINANCIAL OFFICER 40.00 X 255714 0 48951 KRISTINE HACKBARTH-HORN CHIEF PEOPLE OFFICER 40.00 X 250140 0 47933 KORY KITOWSKI CHIEF INFORMATION OFFICER 40.00 X 230054 0 23776 TOMMIE PRESLASKI CHIEF EXPERIENCE OFFICER 40.00 X 277719 0 36957 MITCHELL MUSIAL GENERAL COUNSEL 40.00 X 225674 0 45113 ADAM LANDSVERK CHIEF LENDING OFFICER 40.00 X 285449 0 47156 MELANIE DRAHEIM CHIEF MARKETING OFFICE 40.00 X 189624 0 19610 STEVE GINERIS VP OF RETAIL LENDING 40.00 X 162622 0 9716 CHRISTOPHER CUMICEK COMMERCIAL LENDER 40.00 X 186470 0 39858 SCOTT YUKEL COMMERCIAL LENDER 40.00 X 192153 0 32422 DAWN DOBERSTEIN COMMERCIAL LENDER 40.00 X 288827 0 23564 CHAD URBAN FINANCIAL ADVISOR 1.00 X 186855 0 42238 3497379 0 476368 40 0 1 0 FISERV INC PO BOX 934057 ATLANTA GA 311934057 CORE PROCESSOR 4759441 VISA PO BOX 742233 LOS ANGELES CA 900742233 CREDIT & DEBIT CARD SERVICES 2252229 Q2 SOFTWARE 13785 RESEARCH BLVD STE 150 AUSTIN TX 78750 DIGITAL BANKING & LENDING 1749202 UMR 115 W WAUSAU AVENUE WAUSAU WI 54401 MANAGE HEALTH BENEFITS 1648283 BUSINESS LENDING GROUP INC 2350 N CASALOMA DRIVE STE 100 APPLETON WI 54913 UNDERWRITING SERVICES 1088717 49 INTEREST ON LOANS 522100 113842342 113842342 INTERCHANGE INCOME 522100 13028214 13028214 FEE INCOME 522100 10970459 10920977 49482 OTHER OPERATING INCOME 522100 2838467 2430196 408271 140679482 38076063 38076063 251392 0 251392 251392 251392 397226 128986 0 0 397226 128986 526212 526212 INCREASE IN CSV OF LIFE INSURANCE 522100 779280 779280 OTHER NON-OPERATING INCOME 522100 299905 299905 1079185 180612334 141827126 457753 38327455 799232 2480452 25867068 1574783 7705832 2171412 288395 267980 2750036 2780056 8125044 2320859 313274 414778 26994827 2936978 351372 DIVIDENDS ON SHARES 51604562 LOAN ORIGINATION AND SE 5274082 MEMBER ACCOUNT/CARD COS 5117558 PROVISION FOR LOAN LOSS 3977938 1913783 156030301 25999713 25792449 93646318 157525369 392792 605233 1805469 1823523 2239636979 2344120354 4689405 3707512 60391709 19073310 44782693 41318399 341231038 335123610 1580511 29922888 33770630 9907 283 56839000 64542942 2838956202 3009910815 93317805 35647655 1610997 2019113 224367174 355282736 2270660600 2344238106 2589956576 2737187610 X 0 0 0 0 248999626 272723205 248999626 272723205 2838956202 3009910815 X 24582033 -858452 -2 X X 0 1 X 1 0 0 1 X 11913112 11913112 36821620 11824203 24997417 89934 19772 70162 9500683 5971901 3528782 2066360 1257434 808926 41318399 SHARES 2344238106 2344238106 180612334 0 180612334 0 180612334 156030301 0 156030301 0 156030301 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS ASSOCIATED WITH REAL ESTATE MORTGAGES (PROPERTY TAXES AND INSURANCE) FOR MEMBERS. 1 AMERICAN CANCER SOCIETY PO BOX 902 PREWAUKEE WI 53072 131788491 501(C)(3) 16682 0 GENERAL SUPPORT/SPONSOR APPLETON DOWNTOWN INC 333 W COLLEGE AVE STE 100 APPLETON WI 54911 391727622 501(C)(6) 45000 0 GENERAL SUPPORT/SPONSOR BASIC NEEDS GIVING PARTNERSHIP INC 340 N BROADWAY STE 400 GREEN BAY WI 54303 881888411 501(C)(3) 50000 0 GENERAL SUPPORT/SPONSOR BIG BROTHERS BIG SISTERS OF EAST CENTRAL WI INC 1331 AMERICAN DR NEENAH WI 54956 396103907 501(C)(3) 20000 0 GENERAL SUPPORT/SPONSOR BUILDING FOR KIDS 100 W COLLEGE AVE APPLETON WI 54911 391706260 501(C)(3) 15000 0 GENERAL SUPPORT/SPONSOR COMMUNITY BENEFIT TREE INC W1734 KEN DAL DR UNIT C KAUKAUNA WI 54130 200839777 501(C)(3) 6725 0 GENERAL SUPPORT/SPONSOR COMMUNITY FOUNDATION FOR THE FOX VALLEY REGION INC 4455 W LAWRENCE STREET APPLETON WI 54914 391548450 501(C)(3) 10000 0 GENERAL SUPPORT/SPONSOR COMPASSION CONNECTIONS CENTER INC 26 10TH STREET CLINTONVILLE WI 54929 854223105 501(C)(3) 25200 0 GENERAL SUPPORT/SPONSOR FEEDING AMERICA EASTERN WI INC 2911 W EVERGREEN DR APPLETON WI 54913 391384593 501(C)(3) 10050 0 GENERAL SUPPORT/SPONSOR FOX CARES FOUNDATION 2201 E ENTERPRISE AVE APPLETON WI 54913 812961696 501(C)(3) 220600 0 COMMUNITY SUPPORT FOX CITIES CHAMBER OF COMMERCE OF INDUSTRY INC 125 N SUPERIOR ST APPLETON WI 54911 391248133 501(C)(6) 28955 0 GENERAL SUPPORT/SPONSOR FOX CITES FESTIVAL OF LIGHTS PO BOX 693 MENASHA WI 54952 831785413 501(C)(3) 10000 0 GENERAL SUPPORT/SPONSOR FOX CITIES PERFORMING ARTS CENTER 400 W COLLEGE AVE APPLETON WI 54911 391977839 501(C)(3) 25000 0 GENERAL SUPPORT/SPONSOR GREATER GREEN BAY CHAMBER COMMERCE INC 300 N BROADWAY 3A GREEN BAY WI 54303 390318170 501(C)(6) 7700 0 GENERAL SUPPORT/SPONSOR GREATER FOX CITIES AREA HABITAT FOR HUMANITY INC 921 MIDWAY ROAD MENASHA WI 54952 391742974 501(C)(3) 75000 0 GENERAL SUPPORT/SPONSOR LAKESIDE PACKAGING PLUS 1040 BREEZEWOOD LN NEENAH WI 54956 390991818 501(C)(3) 8000 0 TEAM MEETING ROOM MAKE A WISH FOUNDATION OF WISCONSIN INC 11020 W PLANK COURT 200 WAUWATOSA WI 53226 391543541 501(C)(3) 5200 0 GENERAL SUPPORT/SPONSOR MYTEAM TRIUMPH 1307 BROOKFIELD AVE GREEN BAY WI 54313 272300895 501(C)(3) 9000 0 GENERAL SUPPORT/SPONSOR ON BROADWAY INC 340 N BROADWAY STE 165 GREEN BAY WI 54303 391825541 501(C)(3) 56025 0 GENERAL SUPPORT/SPONSOR OSHKOSH CHAMBER OF COMMERCE 120 JACKSON ST OSHKOSH WI 54901 930765817 501(C)(6) 5500 0 GENERAL SUPPORT/SPONSOR OSHKOSH INTO THE NIGHT INC 200 D CITY CENTER OSHKOSH WI 54901 842794186 501(C)(3) 10000 0 GENERAL SUPPORT/SPONSOR REBUILDING TOGETHER FOX VALLEY 100 W COLLEGE AVE SUITE 50F APPLETON WI 54911 392013200 501(C)(3) 10000 0 GENERAL SUPPORT/SPONSOR ST JOHN THE EVANGELIST HOMELESS SHELTER INC 612 STUART ST GREEN BAY WI 54301 262892934 501(C)(3) 10000 0 GENERAL SUPPORT/SPONSOR THE OSHKOSH BOYS & GIRLS CLUB 501 E PARKWAY OSHKOSH WI 54901 396120658 501(C)(3) 10040 0 GENERAL SUPPORT/SPONSOR UNITED WAY BROWN COUNTY PO BOX 1593 GREEN BAY WI 54305 390806299 501(C)(3) 12000 0 GENERAL SUPPORT/SPONSOR UNITED WAY FOX CITIES 1455 MIDWAY RD MENASHA WI 54952 390912895 501(C)(3) 22000 0 GENERAL SUPPORT/SPONSOR UNIVERSITY OF WISCONSIN GREEN BAY FOUNDATION INC 2420 NICOLET DR GREEN BAY WI 54311 451600858 501(C)(3) 5500 0 GENERAL SUPPORT/SPONSOR VALLEY PACKAGING INDUSTRIES INC 110 N KENSINGTON DR APPLETON WI 54915 390921632 501(C)(3) 51500 0 GENERAL SUPPORT/SPONSOR VOLUNTEER CENTER OF EAST CENTRAL WI 2616 S ONEIDA ST APPLETON WI 54915 391765162 501(C)(3) 7555 0 GENERAL SUPPORT/SPONSOR YMCA OF THE FOX CITES 218 E LAWRENCE ST APPLETON WI 54911 390806191 501(C)(3) 11000 0 GENERAL SUPPORT/SPONSOR 26 4 PART I, LINE 2: NONE - GRANTS AND ASSISTANCE ARE GENERALLY LIMITED TO KNOWN LOCAL ORGANIZATIONS. X 1 1 X X X X 0 1 0 CHRISTOPHER ALLEN PRESIDENT/CEO 546779 0 103799 0 12000 0 24857 0 34217 0 721652 0 0 0 ADAM LANDSVERK CHIEF LENDING OFFICER 235848 0 49601 0 0 0 12939 0 34217 0 332605 0 0 0 TOMMIE PRESLASKI CHIEF EXPERIENCE OFFICER 217719 0 60000 0 0 0 5638 0 31319 0 314676 0 0 0 DAWN DOBERSTEIN COMMERCIAL LENDER 158073 0 130754 0 0 0 12562 0 11002 0 312391 0 0 0 NIKI SCHAUMBERG CHIEF FINANCIAL OFFICER 227514 0 28200 0 0 0 14734 0 34217 0 304665 0 0 0 KRISTINE HACKBARTH-HORN CHIEF PEOPLE OFFICER 217140 0 33000 0 0 0 15637 0 32296 0 298073 0 0 0 MITCHELL MUSIAL GENERAL COUNSEL 208874 0 16800 0 0 0 10896 0 34217 0 270787 0 0 0 KORY KITOWSKI CHIEF INFORMATION OFFICER 213254 0 16800 0 0 0 13393 0 10383 0 253830 0 0 0 CHAD URBAN FINANCIAL ADVISOR 39146 0 147709 0 0 0 9942 0 32296 0 229093 0 0 0 CHRISTOPHER CUMICEK COMMERCIAL LENDER 148870 0 37600 0 0 0 7562 0 32296 0 226328 0 0 0 SCOTT YUKEL COMMERCIAL LENDER 146739 0 45414 0 0 0 10418 0 22004 0 224575 0 0 0 MELANIE DRAHEIM CHIEF MARKETING OFFICE 189624 0 0 0 0 0 10106 0 9504 0 209234 0 0 0 STEVE GINERIS VP OF RETAIL LENDING 150122 0 12500 0 0 0 9716 0 0 0 172338 0 0 0 PART I, LINE 4B FROM F/S FOOTNOTE 9 - EMPLOYMENT BENEFIT PLANS: THE CREDIT UNION SPONSORS A NONQUALIFIED DEFERRED COMPENSATION PLAN WITH KEY MEMBERS OF ITS MANAGEMENT TEAM. THE CREDIT UNION DOES NOT MAKE CONTRIBUTIONS TO THE PLANS, WHICH ARE FUNDED SOLELY BY THE EMPLOYEES. THE DEFERRED COMPENSATION ACCOUNTS ARE AVAILABLE TO CREDITORS IN THE EVENT OF THE CREDIT UNION'S LIQUIDATION. THE BALANCES OF THESE DEFERRED COMPENSATION AGREEMENTS WAS APPROXIMATELY $1,214,100 AS OF DECEMBER 31, 2024, AND ARE INCLUDED IN PREPAID EXPENSES AND OTHER ASSETS AND ACCRUED EXPENSES AND OTHER LIABILITIES ON THE ACCOMPANYING STATEMENT OF FINANCIAL CONDITION. CHRIS ALLEN PRESIDENT SPLIT DOLLAR LIFE INSURANCE X 1748000 1823523 0 1 1 1823523 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION CONSISTS OF MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE/SAVINGS ACCOUNT. EACH MEMBER HAS ONE VOTE TO ELECT THE GOVERNING BODY (BOARD OF DIRECTORS). FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP UTILIZING THEIR ONE VOTE PER MEMBER. 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 IN THE ORGANIZATION'S BYLAWS. ANY DECISION TO DISSOLVE OR MERGE THE ORGANIZATION REQUIRES APPROVAL OF MEMBERSHIP, UNLESS MANDATED BY A REGULATORY AGENCY (I.E., NCUA, WISCONSIN OFFICE OF CREDIT UNIONS). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE PRESIDENT/CEO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C NO DIRECTOR, OFFICER, COMMITTEEMEMBER, AGENT, OR EMPLOYEE OF THIS CREDIT UNION SHALL IN ANY MANNER, DIRECTLY OR INDIRECTLY, PARTICIPATE IN THE DELIBERATION UPON OR THE DETERMINATION OF ANY QUESTION AFFECTING HIS OR HER PECUNIARY OR PERSONAL INTEREST OR THE PECUNIARY INTEREST OF ANY ORGANIZATION OR ASSOCIATION IN WICH THE PERSON IS DIRECTLY OR INDIRECTLY INTERESTED. IN THE EVENT OF DISQUALIFICATION, THE DIRECTOR OR COMMITTEE MEMBER SHALL WITHDRAW FROM THE DELIBERATION OR DETERMINATION. IF A DIRECTOR OR COMMITTEE MEMBER WITHDRAWS FROM ANY DELIBERAION OR DETERMINATION, THE REMAINING QUALIFIED DIRECTORS OR COMMITTEE MEMBERS PRESENT AT THE MEETING MAY EXERCISE ALL POWERS OF THE BOARD OR COMMITTEE, PROVIDED THE NUMBER OF DIRECTORS OR COMMITTEE MEMBERS PRESENT, INCLUDING THE DISQUALIFIED DIRECTORS OR COMMITTEE MEMBERS, CONSTITUTES A QUORUM. ALL INTERESTED PERSONS MUST COMPLETE, SIGN, AND RETURN IMMEDIATELY FOLLOWING THE ANNUAL ORGANIZATION MEETING OF THE CREDIT UNION'S BOARD OF DIRECTORS, A "CONFLICT OF INTEREST" WHICH DISCLOSES ANY RELAIONSHIP THAT MIGHT CONSTITUTE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST TO THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FOR OTHER OFFICERS, THE ORGANIZATION USES THIRD PARTY SURVEYS TO CONDUCT A MARKET ANALYSIS OF ALL THE POSITIONS AT THE CREDIT UNION. THE ORGANIZATION ALSO REGULARLY REFERS TO THE CUES COMPENSATION INFORMATION AND THE CUNA WAGE SURVEY AVAILABLE THROUGH THEIR MEMBERSHIP TO THESE ORGANIZATIONS. FOR THE MOST RECENT OFFICER HIRES, THE ORGANIZATION USES RECRUITING FIRMS THAT WERE ENGAGED TO FIND OFFICERS FOR THE ORGANIZATION FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING -2. FORM 990, PART XI, LINE 2C NO CHANGES TO THE OVERSIGHT PROCESS FROM THE PRIOR YEAR. BENEFIT SERVICES INC 2201 E ENTERPRISE AVE APPLETON WI 54913 391657363 INSURANCE SALES WI FOX COMMUNITIES CREDIT UNION C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0