2022-05-12T10:07:13-05:00 2021-12-31 390758449 WIPFLI LLP PO BOX 8010 WAUSAU WI 544028010 990 2021-01-01 390823125 WESTCONSIN CREDIT UNION WEST 7152353403 3227 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 JERILYN KINDERMAN CFO 7152353403 2022-05-11 1 JERILYN KINDERMAN 999009999 MARY A COATES CPA P00134220 7158453111 2022-05-11 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X LORA BENRUD 3227 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 93240382 0 2157 X WESTCONSINCU.ORG X 1938 WI WESTCONSIN CREDIT UNION IS COMMITTED TO HELPING OUR MEMBERS ACHIEVE FINANCIAL SUCCESS. 7 7 525 7 4993503 101281 0 0 85480248 82588504 2428302 4268730 4699526 6383148 92608076 93240382 212898 173608 0 0 36113653 39325276 0 0 0 37610173 33342889 73936724 72841773 18671352 20398609 1643149060 1929229714 1457193505 1729237662 185955555 199992052 X THE ORGANIZATION 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 PROVIDED LOW-COST FINANCIAL SERVICES TO 111,230 MEMBERS. SERVED MEMBERS' INTERESTS BY ACCEPTING DEPOSITS, GRANTING LOANS, AND INVESTING EXCESS FUNDS IN A PRUDENT MANNER. PROVIDED OVER 18,000 LOANS FOR OVER $626 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 56544 0 1 525 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 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 TODD LEIPNITZ VICE CHAIRPERSON 5.00 X X 7300 0 0 KAREN FLUG TREASURER 5.00 X X 7300 0 0 RITA LUNDERVILLE TREASURER (THRU MARCH) 5.00 X X 1700 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 6100 0 0 SARAH NOREEN BOARD MEMBER 5.00 X 7300 0 0 LORA BENRUD CEO 40.00 X 584441 0 70330 JERILYN KINDERMAN CFO 40.00 X 270244 0 67599 MICHAEL TOMASEK CIO 40.00 X 245881 0 36231 JIM WOOKEY COO 40.00 X 241425 0 65078 NICOLE YARRINGTON CTO 40.00 X 210602 0 32023 SCOTT GILTNER CLO 40.00 X 198425 0 48462 STEPHANIE RASMUSSEN CXO 40.00 X 177876 0 53886 TIMOTHY CARLSON VP - WESTCONSIN INVESTMENT 40.00 X 273087 0 44701 CODY NYHAGEN MORTGAGE LOAN ORIGINATOR 40.00 X 138345 0 47148 RUSSELL BLASIUS SENIOR VP - RETAIL OPERATIONS 40.00 X 178863 0 52268 JAMES WYNN VP - BUSINESS LOANS & SERVICES 40.00 X 176796 0 50890 CHRISTOPHER BROOKE SR BUSINESS LOAN OFFICER 40.00 X 146434 0 21505 2894019 0 590121 62 0 1 0 FISERV 255 FISERV DR BROOKFIELD WI 53008 IT SOLUTIONS 2783378 NCR CORPORATION 3095 SATELLITE BLVD BUILDING 800 DULUTH GA 30096 MOBILE AND ONLINE BANKING 1166684 CORELATION INC 2305 HISTORIC DECATUR RD STE 300 SAN DIEGO CA 92106 IT SOLUTIONS 784403 DIAMOND MARKETING COMPANY 2220 STONEBRIDGE ROAD WEST BEND WI 53095 MARKETING SERVICES 648723 MORTGAGE CADENCE 28662 NETWORK PLACE CHICAGO IL 60673 DOCUMENT IMAGING 576172 43 LOAN INTEREST INCOME 522100 49161054 49161054 FEE INCOME 522100 29120413 29078323 42090 MORTGAGE SERVICING INCOME 522100 3293571 3293571 MEMBER FINANCIAL INCOME 525990 1013466 1013466 82588504 4232418 4232418 93066 0 93066 93066 93066 36312 0 36312 36312 36312 REALTY COMMISSION INCOME 531390 3275429 3275429 TITLE SERVICE INCOME 531390 1675984 1675984 BAD DEBT RECOVERIES 522100 1338669 1338669 6290082 93240382 83885083 4993503 4361796 160608 13000 2354101 28510393 2627205 3976154 1857423 961 170276 127358 986142 1734620 2030013 5386861 1734447 179732 175568 3066267 75793 DIVIDENDS ON MEMBER ACC 7492699 LOAN SERVICING EXPENSE 5673413 DEBIT CARD EXPENSE 2992032 FRAUD EXPENSE 399740 1116967 72841773 9013750 8618255 298252684 354939929 3516060 3380754 1030681954 1054761731 1925335 1796579 56744792 23290854 35013707 33453938 230819916 432370522 13832642 16356591 4135085 4748638 15957927 18802777 1643149060 1929229714 31444720 28373096 655881 983489 1425092904 1699881077 1457193505 1729237662 X 0 0 0 0 185955555 199992052 185955555 199992052 1643149060 1929229714 X 20398609 -6373291 11179 X 0 0 0 0 1 X 5316014 5316014 35185110 11945351 23239759 320848 316919 3929 15922820 11028584 4894236 33453938 DEPOSITS 1699881077 1699881077 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 NEW RICHMOND AREA COMMUNITY FOUNDATION 516 2ND STREET SUITE 214 HUDSON WI 54016 411817315 501(C)(3) 12500 0 WILL PLAYGROUND DONATION HEALING PLAY INC 1524 RIVER TER PRESCOTT WI 54021 832522811 501(C)(3) 12500 0 GENERAL DONATION/ASSISTANCE UNITED WAY OF ST CROIX VALLEY 516 SECOND STREET SUITE 214B HUDSON WI 54016 391372545 501(C)(3) 12000 0 GENERAL DONATION/ASSISTANCE STEPPING STONES OF DUNN COUNTY INC 1602 STOUT RD MENOMONIE WI 54751 391608607 501(C)(3) 10500 0 PARTNERSHIP DONATION DUNN COUNTY HISTORICAL SOCIETY PO BOX 437 MENOMONIE WI 54751 237137731 501(C)(3) 10000 0 GENERAL DONATION/ASSISTANCE LE PHILLIPS SENIOR CENTER 1616 BELLINGER ST EAU CLAIRE WI 54703 391408723 501(C)(3) 10000 0 GENERAL DONATION/ASSISTANCE ELLSWORTH PUBLIC LIBRARY 312 W MAIN ST ELLSWORTH WI 54011 391621897 GOV'T 10000 0 LIBRARY BUILDING DONATION RIVER FALLS ECONOMIC DEVELOPMENT CORPORATION 222 LEWIS STREET RIVER FALLS WI 54022 391685445 501(C)(6) 10000 0 BUS INCUBATION CTR DONATION RIVER FALLS FIRE DEPARTMENT 115 N SECOND ST RIVER FALLS WI 54022 396005590 GOV'T 10000 0 SAFETY EDUCATION MOBILE DONATION UNITED WAY OF DUNN COUNTY PO BOX 3266 MENOMONIE WI 54751 396099810 501(C)(3) 6500 0 GENERAL DONATION/ASSISTANCE SCHOOL DISTRICT OF SPRING VALLEY PO BOX 249 SPRING VALLEY WI 54767 396004579 GOV'T 6000 0 PAYGROUND EQUIP DONATION 15 1 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 518022 0 57127 0 9292 0 43500 0 26830 0 654771 0 0 0 JERILYN KINDERMAN CFO 238828 0 30516 0 900 0 37406 0 30193 0 337843 0 0 0 TIMOTHY CARLSON VP - WESTCONSIN INVESTMENT 270797 0 310 0 1980 0 40355 0 4346 0 317788 0 0 0 JIM WOOKEY COO 213704 0 25831 0 1890 0 33762 0 31316 0 306503 0 0 0 MICHAEL TOMASEK CIO 219274 0 26307 0 300 0 32801 0 3430 0 282112 0 0 0 SCOTT GILTNER CLO 174447 0 21398 0 2580 0 18587 0 29875 0 246887 0 0 0 NICOLE YARRINGTON CTO 188712 0 21440 0 450 0 28216 0 3807 0 242625 0 0 0 STEPHANIE RASMUSSEN CXO 157622 0 19354 0 900 0 25021 0 28865 0 231762 0 0 0 RUSSELL BLASIUS SENIOR VP - RETAIL OPERATIONS 157626 0 19347 0 1890 0 25090 0 27178 0 231131 0 0 0 JAMES WYNN VP - BUSINESS LOANS & SERVICES 157632 0 18294 0 870 0 24850 0 26040 0 227686 0 0 0 CODY NYHAGEN MORTGAGE LOAN ORIGINATOR 123341 0 14363 0 641 0 20023 0 27125 0 185493 0 0 0 CHRISTOPHER BROOKE SR BUSINESS LOAN OFFICER 131132 0 14733 0 569 0 19562 0 1943 0 167939 0 0 0 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, ISANTI, RAMSEY, 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 COMPREHENSIVE INCOME 11,179. WESTCONSIN REALTY LLC 3333 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 200157525 REAL ESTATE BROKERAGE SERVICES WI 3275429 2666014 WESTCONSIN CREDIT UNION WESTCONSIN TITLE SERVICES LLC 3333 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 455377540 GENERAL TITLE SERVICES WI 1675984 2307297 WESTCONSIN CREDIT UNION