2023-11-13T10:01:54-06:00 2022-12-31 390912608 HAWKINS ASH CPAS LLP 520 N BROADWAY SUITE 250 GREEN BAY WI 54303 990 2022-01-01 390738415 FOX COMMUNITIES CREDIT UNION FOXC 9209933753 2201 E ENTERPRISE AVE APPLETON WI 54913 NIKOLA B SCHAUMBERG CPA CFO 9209933753 2023-11-10 1 NIKOLA SCHAUMBERG CPA 999009999 0 JEFFREY DANEN CPA P01236582 9203369850 2023-11-10 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTOPHER ALLEN 2201 E ENTERPRISE AVE APPLETON WI 54913 107406067 0 2157 X WWW.FOXCU.ORG X 1937 WI WE PARTNER WITH OUR MEMBERS, COMMUNITIES, AND FOX FAMILY TO BUILD STRONGER FINANCIAL FUTURES. 9 9 543 10 452450 0 0 0 87325894 94845524 6276615 7932671 1146422 1612794 94748931 104390989 0 0 0 0 30763233 34585243 0 0 0 38366817 51540736 69130050 86125979 25618881 18265010 2452637306 2694097241 2203601504 2471501191 249035802 222596050 X WE AT FOX COMMUNITIES CREDIT UNION HAVE A COMMITMENT TO ENRICH THE QUALITY OF LIFE FOR OUR MEMBERS THROUGH PERSONALIZED FINANCIAL SERVICES THROUGHOUT THEIR ENTIRE LIFE CYCLE. THE CREDIT UNION IS DEDICATED TO THE PROTECTION OF OUR MEMBERS' FINANCIAL WELL-BEING AND TO OPERATE IN AN ECONOMICALLY SOUND MANNER. THE CREDIT UNION WILL PROVIDE AN ATMOSPHERE OF PROFESSIONALISM, FRIENDLINESS, AND MUTUAL TRUST. WE SHALL REMAIN STRONG IN OUR INVOLVEMENT AND SUPPORT OF OUR COMMUNITY'S ACTIVITIES. 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 12/31/2022 WE HAD $1 BILLION OUTSTANDING IN RESIDENTIAL REAL ESTATE AND HOME EQUITY LOANS, $543 MILLION OUTSTANDING IN CONSUMER LOANS, AND $566 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 $675,000 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 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 56016 0 1 543 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 RICHARD SCOTT CHAIR 1.00 X X 11100 0 0 JOANNE BOGENSCHUTZ SECRETARY 1.00 X X 9000 0 0 MARTY DOCTER DIRECTOR 1.00 X 8400 0 0 WILLIAM PANELLA DIRECTOR 1.00 X 7900 0 0 CAMILLE KEMNITZ-ZIZZO TREASURER 1.00 X X 8500 0 0 KRISTA DRAHEIM DIRECTOR/VP STRATEGIC PLANNING 40.00 X 18763 0 493 JESSICA FLEEK DIRECTOR 1.00 X 7900 0 0 MICHAEL VOELKER DIRECTOR 1.00 X 7900 0 0 JAMES RICHARDSON DIRECTOR 1.00 X 9000 0 0 PAUL SIPPL DIRECTOR 1.00 X 3850 0 0 CHRISTOPHER ALLEN PRESIDENT/CEO 40.00 X 534129 0 53232 NIKI SCHAUMBERG CHIEF FINANCIAL OFFICER 40.00 X 231841 0 46316 ADAM LANDSVERK CHIEF LENDING OFFICER 40.00 X 249218 0 46535 MITCHELL MUSIAL GENERAL COUNSEL 40.00 X 209751 0 37460 NANCY KRAHN CHIEF RETAIL OFFICER 40.00 X 220676 0 20034 KORY KITOWSKI CHIEF INFORMATION OFFICER 40.00 X 214171 0 23832 THERESA GREEN VP HUMAN RESOURCES 40.00 X 155038 0 20143 JENEFER KIND SVP OPERATIONS 40.00 X 153315 0 16472 KRISTINE HACKBARTH-HORN CHIEF PEOPLE OFFICER 40.00 X 214129 0 44470 DAWN DOBERSTEIN COMMERCIAL LENDER 40.00 X 265801 0 23163 SCOTT YUKEL COMMERCIAL LENDER 40.00 X 197976 0 35893 CHRISTOPHER CUMICEK COMMERCIAL LENDER 40.00 X 144789 0 31123 JORDAN SMITH COMMERCIAL LENDER 40.00 X 146368 0 19778 STEVE GINERIS VP OF RETAIL LENDING 40.00 X 158638 0 9478 3188153 0 428422 30 0 1 0 FISERV INC PO BOX 934057 ATLANTA GA 311934057 CORE PROCESSOR 3382106 DELEERS CONSTRUCTION INC 1825 NIMITZ DRIVE STE A DEPERE WI 54115 CONSTRUCTION SERVICES 3007918 Q2 SOFTWARE INC 13785 RESEARCH BLVD STE 150 AUSTIN TX 78750 SOFTWARE HOSTING SERVICES 2163993 BUSINESS LENDING GROUP INC 2350 N CASALOMA DRIVE STE 100 APPLETON WI 54913 UNDERWRITING SERVICES 1617152 CAPITAL DATA INC 1360 S MOORLAND ROAD STE 200 BROOKFIELD WI 53005 SOFTWARE SERVICES 1423084 61 INTEREST ON LOANS 522100 71016682 71016682 INTERCHANGE INCOME 522100 11868114 11868114 FEE INCOME 522100 9662253 9613058 49195 OTHER OPERATING INCOME 522100 2298475 1895220 403255 94845524 10947749 10947749 474969 0 474969 474969 474969 2949535 65543 -2949535 -65543 -3015078 -3015078 INCREASE IN CSV OF LIFE INSURANCE 522100 764027 764027 OTHER NON-OPERATING INCOME 522100 373798 373798 1137825 104390989 92515821 452450 11422718 2274582 22625012 1329685 6415628 1940336 165059 202996 3438242 2711223 6720049 2450131 306558 365139 7363747 2775056 385315 DIVIDENDS ON SHARES 9546399 MEMBER ACCOUNT/CARD COS 6588118 LOAN ORIGINATION AND SE 3938622 PROVISION FOR LOAN LOSS 3002765 1581317 86125979 11243275 30077819 115960710 59557626 3821733 28548 1765000 1787593 1802348515 2107584259 5353825 5149046 58440204 14349001 38605370 44091203 397430417 367730721 5177222 25331506 25353457 76928 33116 45522805 52703853 2452637306 2694097241 27385736 33876386 1357519 1851483 180525279 277977675 1994332970 2157795647 2203601504 2471501191 X 0 0 0 0 249035802 222596050 249035802 222596050 2452637306 2694097241 X 18265010 -48014328 3309566 X X 0 1 X 1 0 0 1 X 11529761 11529761 36454613 9699660 26754953 8348033 3813843 4534190 2107797 835498 1272299 44091203 SHARES 2157795647 2157795647 104390989 0 104390989 0 104390989 86125979 0 86125979 0 86125979 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS ASSOCIATED WITH REAL ESTATE MORTGAGES (PROPERTY TAXES AND INSURANCE) FOR MEMBERS. 1 BOYS & GIRLS CLUB 1451 UNIVERSITY AVE GREEN BAY WI 54302 396102943 501(C)(3) 21250 0 GENERAL SUPPORT/SPONSOR CITY OF TWO RIVERS 1717 E PARK ST TWO RIVERS WI 54241 396005635 25000 0 PARK PROJECT COMMUNITY FOUNDATION FOR THE FOX VALLEY REGION 4455 LAWRENCE ST APPLETON WI 54914 391548450 501(C)(3) 35000 0 GENERAL SUPPORT/SPONSOR OSHKOSH MID MORNING KIWANIS FOUNDATION PO BOX 554 OSHKOSH WI 54903 273296813 501(C)(3) 5625 0 GENERAL SUPPORT/SPONSOR FOX CARE FOUNDATION 2201 E ENTERPRISE AVE APPLETON WI 54913 812961696 501(C)(3) 22171 0 COMMUNITY SUPPORT FOX CITIES CHAMBER 125 N SUPERIOR ST APPLETON WI 54911 391248133 501(C)(3) 20000 0 GENERAL SUPPORT/SPONSOR GOLDEN HOUSE 1120 UNIVERSITY AVE GREEN BAY WI 54302 391342659 501(C)(3) 40000 0 CAPITAL CAMPAIGN LIFE PROMOTIONS 3000 N POINTER RD APPLETON WI 54911 391372893 501(C)(3) 5300 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 VOLUNTEER CENTER OF EAST CENTRAL WI 2616 S ONEIDA ST APPLETON WI 54915 391765162 501(C)(3) 5625 0 GENERAL SUPPORT/SPONSOR OSHKOSH COMMUNITY YMCA 324 WASHINGTON AVE OSHKOSH WI 54901 390878909 501(C)(3) 20000 0 BIKE RIDE MILE OF MUSIC 120 N MORRISON ST APPLETON WI 54911 391952271 42500 0 GENERAL SUPPORT/SPONSOR NEENAH MENASHA FIREFIGHTERS 125 E COLUMBIAN AVE NEENAH WI 54956 300286145 501(C)(3) 10000 0 GENERAL SUPPORT/SPONSOR ON BROADWAY INC 340 N BROADWAY STE 165 GREEN BAY WI 54303 391825541 501(C)(3) 48020 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 BUIDLING FOR KIDS 100 W COLLEGE AVE APPLETON WI 54911 391706260 501(C)(3) 8750 0 GENERAL SUPPORT/SPONSOR BIG BROTHERS BIG SISTERS 520 N BROADWAY SUITE 220 GREEN BAY WI 54303 391274696 501(C)(3) 25000 0 GENERAL SUPPORT/SPONSOR DAY BY DAY 420 CEAPE AVE OSHKOSH WI 54901 275557420 501(C)(3) 25000 0 GENERAL SUPPORT/SPONSOR FOX CITES FESTIVAL OF LIGHTS N9334 NOE RD APPLETON WI 54915 831785413 501(C)(3) 10000 0 GENERAL SUPPORT/SPONSOR PART I, LINE 2: NONE - GRANTS AND ASSISTANCE ARE GENERALLY LIMITED TO KNOWN LOCAL ORGANIZATIONS. X X 1 1 X X X X X 0 1 0 CHRISTOPHER ALLEN PRESIDENT/CEO 398129 0 136000 0 0 0 21535 0 31697 0 587361 0 0 0 ADAM LANDSVERK CHIEF LENDING OFFICER 208018 0 41200 0 0 0 13555 0 32980 0 295753 0 0 0 DAWN DOBERSTEIN COMMERCIAL LENDER 145526 0 120275 0 0 0 10903 0 12260 0 288964 0 0 0 NIKI SCHAUMBERG CHIEF FINANCIAL OFFICER 201841 0 30000 0 0 0 13284 0 33032 0 278157 0 0 0 KRISTINE HACKBARTH-HORN CHIEF PEOPLE OFFICER 194129 0 20000 0 0 0 13388 0 31082 0 258599 0 0 0 MITCHELL MUSIAL GENERAL COUNSEL 189751 0 20000 0 0 0 10278 0 27182 0 247211 0 0 0 NANCY KRAHN CHIEF RETAIL OFFICER 200676 0 20000 0 0 0 7774 0 12260 0 240710 0 0 0 KORY KITOWSKI CHIEF INFORMATION OFFICER 201021 0 13000 0 150 0 12572 0 11260 0 238003 0 0 0 SCOTT YUKEL COMMERCIAL LENDER 138544 0 59432 0 0 0 10084 0 25809 0 233869 0 0 0 CHRISTOPHER CUMICEK COMMERCIAL LENDER 139789 0 5000 0 0 0 5241 0 25882 0 175912 0 0 0 THERESA GREEN VP HUMAN RESOURCES 141038 0 14000 0 0 0 8919 0 11224 0 175181 0 0 0 JENEFER KIND SVP OPERATIONS 140315 0 13000 0 0 0 8862 0 7610 0 169787 0 0 0 STEVE GINERIS VP OF RETAIL LENDING 138638 0 20000 0 0 0 9478 0 0 0 168116 0 0 0 JORDAN SMITH COMMERCIAL LENDER 132868 0 13500 0 0 0 8518 0 11260 0 166146 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 $986,000 AS OF DECEMBER 31, 2022, 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 1787593 0 1 1 1787593 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 OF ANY DIRECTOR OR COMMITTEE SHALL WITHDRAW FROM THE DELIBERATION OR DETERMINATION. IF A DIRECTOR OR CREDIT COMMITTEE MEMBER WITHDRAWS FROM ANY DELIBERAION OR DETERMINATION, THE REMAINING QUALIFIED DIRECTORS OR CREDIT COMMITTEEMEMBERS PRESENT AT THE MEETING MAY EXERCISE ALL POWERS OF THE BOARD OR CREDIT COMMITTEE, PROVIDED THE NUMBER OF DIRECTORS OR CREDIT COMMITTEE MEMBERS PRESENT, INCLUDING THE DISQUALIFIED DIRECTORS OR 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: EQUITY ACQUIRED IN MERGER 3,309,566. FORM 990, PART XI, LINE 2C NO CHANGES TO THE OVERSIGHT PROCESS FROM THE PRIOR YEAR. BENEFIT SERVICES INC 3401 E CALUMET STREET APPLETON WI 54915 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