2025-06-23T08:34:19-05:00 2024-12-31 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2024-01-01 390823125 WESTCONSIN CREDIT UNION WEST 7152353403 3227 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 JERILYN KINDERMAN CFO 7152353403 2025-06-16 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2025-06-06 2024 2025-03-06 01:10:19Z JIM WOOKEY 3227 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 115653271 0 2157 X WESTCONSINCU.ORG X 1938 WI TO GIVE MEMBERS, COMMUNITIES, AND ONE ANOTHER THE INSPIRATION, RESOURCES, AND SUPPORT TO ACHIEVE FINANCIAL WELLNESS. 7 7 507 7 2679282 0 0 0 91999012 102342497 11080028 10475544 3360656 2747765 106439696 115565806 134100 115012 0 25252670 42517201 43828151 0 0 0 47480546 33417048 90131847 102612881 16307849 12952925 1938899963 1957979183 1744314774 1743572658 194585189 214406525 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 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 4,263 HOURS IN 2024. THROUGH PROVIDING FREE FINANCIAL PROGRAMS AND SERVICES TO PROMOTE FINANCIAL EDUCATION AND LITERACY, WESTCONSIN EDUCATED OVER 71,527 STUDENTS IN OVER 212 AREA SCHOOLS. IN 2024, WESTCONSIN PROVIDED LOW-COST FINANCIAL SERVICES TO 124,158 MEMBERS. SERVED MEMBERS' INTERESTS BY ACCEPTING DEPOSITS, GRANTING LOANS, AND INVESTING EXCESS FUNDS IN A PRUDENT MANNER. PROVIDED OVER 16,000 LOANS FOR OVER $464 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 65798 0 1 507 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 JIM WOOKEY 7152353403 3227 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 KAREN FLUG TREASURER 5.00 X X 9700 0 0 COLLEEN MENSING SECRETARY 5.00 X X 9700 0 0 DALE DAHLKE BOARD MEMBER 5.00 X 9700 0 0 TODD LEIPNITZ VICE CHAIRPERSON 5.00 X 9700 0 0 SARAH NOREEN BOARD MEMBER 5.00 X 9700 0 0 GERALD WOLF CHAIRPERSON 5.00 X 9700 0 0 JESSE SINGERHOUSE BOARD MEMBER 5.00 X 8100 0 0 MARK DAHMS BOARD MEMBER (THRU 03/24) 5.00 X 1700 0 0 LORA BENRUD CEO (THRU 09/24) 40.00 X 703889 0 73100 JIM WOOKEY CEO 40.00 X 453148 0 83040 JERILYN KINDERMAN CFO 40.00 X 320227 0 75116 SCOTT GILTNER CLO 40.00 X 292942 0 72571 KEVIN HALL CIO 40.00 X 249438 0 50906 NICOLE YARRINGTON CTO 40.00 X 247457 0 65657 RUSS BLASIUS COO 40.00 X 238909 0 64379 STEPHANIE RASMUSSEN CXO 40.00 X 233064 0 62146 JAMES WYNN VP-BUSINESS LOANS AND SERVICES 40.00 X 229793 0 61089 ALEXANDER BURIAN VP-WESTCONSIN INVESTMENT 40.00 X 190647 0 49855 KYLE ZIMMER VP-MORTGAGE 40.00 X 181175 0 30933 JAYSON AMPIG VP-INFORMATION TECHNOLOGY 40.00 X 181599 0 37857 MELISSA KRAEMER SR. BUSINESS LOAN OFFICER 40.00 X 178627 0 32084 3768915 0 758733 75 0 1 0 MARKET & JOHNSON 2350 GALLOWAY STREET EAU CLAIRE WI 54702 BUILDING CONTRACTOR 3310782 FISERV 255 FISERV DR BROOKFIELD WI 53008 IT SOLUTIONS 2102420 CORELATION 2305 HISTORIC DECATUR RD SUITE 300 SAN DIEGO CA 92106 CORE PROCESSING PROVIDER 1286567 NCR CORPORATION 3095 SATELLITE BLVD BUILDING 800 DULUTH GA 30096 MOBILE AND ONLINE BANKING 1204583 CASEFINANCIAL 701 WEAVER BLVD ANOKA MN 55303 EQUIPMENT MAINTENANCE SERVICES 1195543 47 LOAN INTEREST INCOME 522100 79296290 79296290 FEE INCOME 522100 19391023 19348625 42398 MORTGAGE SERVICING INCOME 522100 1764862 1764862 MEMBER FINANCIAL INCOME 525990 1005953 1005953 FANNIE MAE LOAN SALES 522100 884369 884369 102342497 10430002 10430002 82500 0 82500 82500 82500 133007 87465 45542 45542 45542 REALTY COMMISSION INCOME 531390 1687436 1687436 TITLE SERVICE INCOME 531390 949448 949448 28381 28381 2665265 115565806 102300099 2679282 10586425 101012 14000 25252670 3353989 28890009 3478136 5905402 2200615 140 270824 109545 1294844 1863921 2744910 5502749 1837247 265054 324634 511824 2816323 106309 LOAN & CLOSING COSTS 5212285 PROVISION FOR LOAN LOSS 5071487 DEBIT CARD EXPENSES 3819142 FRAUD EXPENSES 634432 1031378 102612881 7596795 16109562 59530670 78434972 5538824 6124589 1358374015 1396384449 12519979 9793015 70767428 29516075 36822075 41251353 437637557 386372147 6982326 6924206 4688485 4614462 9209237 11970428 1938899963 1957979183 32149947 23716012 661265 482127 1711503562 1719374519 1744314774 1743572658 X 0 0 0 0 194585189 214406525 194585189 214406525 1938899963 1957979183 X 12952925 6806067 62344 X 0 0 0 0 1 X 5881612 5881612 45729958 14414321 31315637 316768 316754 14 18839090 14785000 4054090 41251353 DEPOSITS 1719188563 ALLOWANCE FOR CREDIT LOSSES 185956 1719374519 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 UNITED WAY OF DUNN COUNTY PO BOX 3266 MENOMONIE WI 54751 396099810 501(C)(3) 18800 0 GENERAL DONATION/ASSISTANCE STEPPING STONES OF DUNN COUNTY INC 1602 STOUT RD MENOMONIE WI 54751 391608607 501(C)(3) 12000 0 PARTNERSHIP DONATION NORTHWOOD TECHNICAL COLLEGE FOUNDATION INC 1900 COLLEGE DR RICE LAKE WI 54868 391313438 501(C)(3) 12500 0 MED LAB REMODEL FIVE LOAVES FOOD SHELF 144 W 3RD ST NEW RICHMOND WI 54017 391565734 501(C)(3) 10000 0 GENERAL DONATION/ASSISTANCE OUR NEIGHBORS PLACE 122 W JOHNSON ST RIVER FALLS WI 54022 352383155 501(C)(3) 10000 0 GENERAL DONATION/ASSISTANCE VFW POST 10818 310 W N SHORE DRIVE NEW RICHMOND WI 54017 391680716 501(C)(19) 10000 0 FREDOM CENTER CONSTRUCTION 5 1 SCHOLARSHIPS 14 14000 PART I, LINE 2: THE ORGANIZATION KEEPS TRACK OF THE ORGANIZATIONS THAT RECEIVE DONATIONS. X X X X 0 0 0 LORA BENRUD CEO (THRU 09/24) 593561 0 47615 0 62713 0 51750 0 21350 0 776989 0 0 0 JIM WOOKEY CEO 428331 0 23398 0 1419 0 51750 0 31290 0 536188 0 0 0 JERILYN KINDERMAN CFO 297073 0 22854 0 300 0 46081 0 29035 0 395343 0 0 0 SCOTT GILTNER CLO 270527 0 20435 0 1980 0 42450 0 30121 0 365513 0 0 0 NICOLE YARRINGTON CTO 229220 0 17787 0 450 0 36000 0 29657 0 313114 0 0 0 RUSS BLASIUS COO 222945 0 13984 0 1980 0 35097 0 29282 0 303288 0 0 0 KEVIN HALL CIO 231724 0 17474 0 240 0 23667 0 27239 0 300344 0 0 0 STEPHANIE RASMUSSEN CXO 216372 0 16242 0 450 0 33837 0 28309 0 295210 0 0 0 JAMES WYNN VP-BUSINESS LOANS AND SERVICES 212943 0 16550 0 300 0 33267 0 27822 0 290882 0 0 0 ALEXANDER BURIAN VP-WESTCONSIN INVESTMENT 190249 0 160 0 238 0 27810 0 22045 0 240502 0 0 0 JAYSON AMPIG VP-INFORMATION TECHNOLOGY 167716 0 13433 0 450 0 8954 0 28903 0 219456 0 0 0 KYLE ZIMMER VP-MORTGAGE 168512 0 12393 0 270 0 25161 0 5772 0 212108 0 0 0 MELISSA KRAEMER SR. BUSINESS LOAN OFFICER 164967 0 12370 0 1290 0 25093 0 6991 0 210711 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, 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 COMPREHENSIVE INCOME 62,344. WESTCONSIN REALTY LLC 3333 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 200157525 REAL ESTATE BROKERAGE SERVICES WI 1687436 2767302 WESTCONSIN CREDIT UNION WESTCONSIN TITLE SERVICES LLC 3333 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 455377540 GENERAL TITLE SERVICES WI 949448 1893804 WESTCONSIN CREDIT UNION