2023-11-15T20:26:47-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2022-01-01 396264347 COMMUNITY FIRST CREDIT UNION COMM 9208307200 PO BOX 1487 APPLETON WI 54912 CATHERINE J TIERNEY CEO/PRESIDENT 9208307200 2023-11-15 1 CATHERINE TIERNEY 999009999 0 TANYA MEDGAARDEN P01717240 5074347000 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CATHERINE J TIERNEY PO BOX 1487 APPLETON WI 54912 189210527 0 X WWW.COMMUNITYFIRSTCU.ORG X 1975 WI OUR MISSION IS TO BE OUR MEMBERS' PRIMARY FINANCIAL SERVICES PROVIDER 11 10 704 11 46683 0 0 0 146181387 154743871 2659152 32625862 1817096 1683221 150657635 189052954 0 0 28490465 33998109 36180959 41674613 0 0 0 31985761 42905483 96657185 118578205 54000450 70474749 4925306167 5156851836 4396545649 4569773622 528760518 587078214 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 152,852 MEMBER OWNERS IN 2022. FUNDED 33,712 LOANS TO THESE MEMBERS IN 2022 FOR $1,455,118,608. 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 156392 0 1 704 1 1 1 0 0 0 0 0 0 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 1021104 0 31889 KATHRYN SIEMAN CHAIRPERSON 1.00 X X 0 0 0 SARA MICHELETTI VICE CHAIR 1.00 X X 0 0 0 MONICA HILT SECRETARY 1.00 X X 0 0 0 JAY FULKERSON BOARD MEMBER 1.00 X 0 0 0 DANIEL FERRIS BOARD MEMBER 1.00 X 0 0 0 MICHAEL MOORE BOARD MEMBER 1.00 X 0 0 0 PETER MARIAHAZY 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 DR SUSAN MAY BOARD MEMBER 1.00 X 0 0 0 SCOTT STEINFORT CHIEF TECHNOLOGY OFFICER 40.00 X 397031 0 96681 AMANDA SECOR CHIEF OF STAFF 40.00 X 317389 0 165792 TIMOTHY HOFF CHIEF LENDING OFFICER 40.00 X 367229 0 103798 KRISTY HESSE CHIEF HUMAN RESOURCES OFFI 40.00 X 318347 0 43862 JESSICA BROWN CHIEF FINANCIAL OFFICER 40.00 X 217339 0 56280 HEATHER VOIGT CHIEF OPERATIONS OFFICER 40.00 X 105614 0 63662 CHARLES BOSTICK CHIEF FINANCIAL OFFICER 40.00 X 73356 0 3005 MARY J SULLIVAN SVP SPECIAL PROJECTS 40.00 X 407681 0 91604 JAKE BUMAN FINANCIAL ADVISOR 40.00 X 436047 0 27051 MARY LORNSON SVP LENDING 40.00 X 237678 0 92231 ANDREW HULL SVP OF IT 40.00 X 244443 0 74361 SHERRI JABLONICKY SVP OF BRANCH OPERATIONS 40.00 X 230070 0 80478 4373328 0 930694 12 0 1 0 BURTON KARSTEDT INC 2336 HIGHPOINT DR LINDENHURST IL 60046 ADVERTISING 2044111 FISERV PO BOX 934057 ATLANTA GA 31193 DATA PROCESSING 1703576 LUMIN DIGITAL 560 CARILLON PARKWAY ST PETERSBURG FL 33716 ONLING BANKING SERVICE 1247652 HEARTLAND BUSINESS SYSTEMS INC 1700 STEPHEN ST LITTLE CHUTE WI 54140 DATA PROCESSING 381176 JKS OF WISCONSIN INC DBA SERVICEMASTER 2522 FISH HATCHERY RD STE 100 MADISON WI 53713 CLEANING SERVICE 335564 22 LOAN INTEREST 522100 115725724 115725724 OTHER OPERATING INCOME 522100 26304549 26304549 FEES & SERVICE CHGS 522100 12713598 12617761 95837 154743871 32636446 32636446 30000 79154 -49154 -49154 -49154 67835 78419 -10584 -10584 -10584 OTHER NON-INTEREST INCOME 522100 1732375 1732375 1732375 189052954 156380409 46683 32625862 33998109 3382378 32393794 3496159 2402282 120657 454135 4625089 11790170 2687023 2717803 343362 467869 7431430 4162185 423556 LOAN SERVICING EXPENSES 4354829 MISC OPERATING EXPENSES 1654797 PROVISION FOR LOAN LOSS 1411502 OPERATING FEES 261076 118578205 19416600 33350918 68719 96215 3120087692 3543648794 66279630 54506009 105303601 39046525 69272277 66257076 1596171947 1400083673 54009302 58909151 4925306167 5156851836 37206468 47432963 5000000 4354339181 4522340659 4396545649 4569773622 X 0 0 0 0 528760518 587078214 528760518 587078214 4925306167 5156851836 X 70474749 -12157053 X X 0 0 0 14685749 14685749 62181249 17569810 44611439 633949 423363 210586 27623081 21053352 6569729 179573 179573 66257076 INVESTMENTS - PROGRAM RELATED 1400083673 C 1400083673 MEMBER ACCOUNTS 4473196659 NONMEMBER DEPOSITS 49144000 4522340659 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 TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S CONSOLIDATED FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF SEPTEMBER 30, 2022 AND 2021. THE CREDIT UNION'S 2019 THROUGH 2021 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 727963 0 265126 0 28015 0 20500 0 11389 0 1052993 0 0 0 MARY J SULLIVAN SVP SPECIAL PROJECTS 252112 0 67290 0 88279 0 80381 0 11223 0 499285 0 0 0 SCOTT STEINFORT CHIEF TECHNOLOGY OFFICER 292673 0 94291 0 10067 0 70773 0 25908 0 493712 0 0 0 AMANDA SECOR CHIEF OF STAFF 239959 0 71762 0 5668 0 143957 0 21835 0 483181 0 0 0 TIMOTHY HOFF CHIEF LENDING OFFICER 287544 0 72431 0 7254 0 86120 0 17678 0 471027 0 0 0 JAKE BUMAN FINANCIAL ADVISOR 432091 0 60 0 3896 0 20038 0 7013 0 463098 0 0 0 KRISTY HESSE CHIEF HUMAN RESOURCES OFFI 254135 0 59230 0 4982 0 43862 0 0 0 362209 0 0 0 MARY LORNSON SVP LENDING 198901 0 32012 0 6765 0 77484 0 14747 0 329909 0 0 0 ANDREW HULL SVP OF IT 199776 0 39241 0 5426 0 48737 0 25624 0 318804 0 0 0 SHERRI JABLONICKY SVP OF BRANCH OPERATIONS 186637 0 36240 0 7193 0 71187 0 9291 0 310548 0 0 0 JESSICA BROWN CHIEF FINANCIAL OFFICER 94016 0 101818 0 21505 0 51163 0 5117 0 273619 0 0 0 HEATHER VOIGT CHIEF OPERATIONS OFFICER 68443 0 9308 0 27863 0 58537 0 5125 0 169276 0 0 0 PART I, LINE 4B CATHERINE J. TIERNEY - PARTICIPATED IN 457(F) DEFERRED COMP PLAN - NO DISTRIBUTIONS IN 2022. 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. THIS PROCESS WAS LAST CONDUCTED IN 2021. 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 -12,157,053. 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 126487 1242484 1.00000 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 COMMUNITY FIRST SERVICES INC A 30000 COST