2022-07-15T16:45:41-05:00 2021-08-31 461065712 BRENT WOOKEY CPA PO BOX 1512 LA CROSSE WI 546021512 990 2021-01-01 390958562 PEOPLES CHOICE CREDIT UNION PEOP 9524650976 352 N 8TH ST MEDFORD WI 54451 MATHEW SCHEWE CEO 9524650976 2022-07-13 true MATHEW SCHEWE 999009999 BRENT WOOKEY CPA P00062439 6087920843 2022-07-15 X 2021 2022-09-23 18:48:47Z X X MATHEW SCHEWE 352 N 8TH ST MEDFORD WI 54451 1177360 false X WWW.PEOPLESCHOICECU.COOP X 1940 WI THE MISSION OF PEOPLES CHOICE CREDIT UNION IS TO SERVE THE NEEDS OF OUR MEMBERS BY OFFERING FINANCIAL SERVICES AT COMPETITIVE RATES, WHILE MAINTAINING OUR LONG TERM FINANCIAL STABILITY. X 7 7 21 7 1069 0 2001606 1161225 56987 12477 3835 3658 2062428 1177360 0 0 804398 522775 0 0 1356587 1065717 2160985 1588492 -98557 -411132 46658803 0 43700617 0 2958186 0 THE MISSION OF PEOPLES CHOICE CREDIT UNION IS TO SERVE THE NEEDS OF OUR MEMBERS BY OFFERING FINANCIAL SERVICES AT COMPETITIVE RATES, WHILE MAINTAINING OUR LONG TERM FINANCIAL STABILITY. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE HAD APPROXIMATELY 4,500 MEMBERS AT 08/27/2021. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. AS OF 08/27/2021 WE HAD APPROXIMATELY 1,300 LOANS TO OUR MEMBERS. false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false true 7 0 true 21 true true true false false false false false false false X 7 7 false true false false true true true true true false false false true true true true true true false false X MATHEW SCHEWE 9524650976 352 N 8TH ST MEDFORD WI 54451 KERRY ELLENBECKER EXEC VP 40.00 X 74612 0 2464 MARY HENRICHS CEO 40.00 X 34228 0 1800 THOMAS JUDNIC CHAIR 2.00 X X 1200 0 0 BRIAN WILSON SECRETARY 3.00 X X 1200 0 0 ALLISON RANUM DIRECTOR 2.00 X 900 0 0 DAVID MILLER VICE CHAIR 2.00 X X 875 0 0 JAMES STOKES TREASURER 2.00 X X 875 0 0 DANIEL KOWALCZYK DIRECTOR 2.00 X 750 0 0 CATHERINE LEIFELD DIRECTOR 2.00 X 450 0 0 115090 4264 false false false FISERV INC PO BOX 934057 ATLANTA GA 31193 CORE PROCESSOR 156338 1 INTEREST ON LOANS 522130 851427 851427 OTHER MEMBER RELATED INCOME 522130 155737 155737 MEMBER FEE INCOME 522130 152992 152992 FEE & INSURANCE INCOME 520000 540 540 NON-MEMBER DMV FEES 560000 529 529 1161225 12409 12409 3658 3658 68 68 68 68 1177360 1160224 1069 16067 115090 285990 11510 76983 33202 3318 3443 26978 24597 313298 126419 44115 2920 58016 13774 MERGER EXPENSES 203407 DIVIDENDS EXPENSE 199700 PROVISION FOR LOAN LOSS 23727 WRITE OFF OBSOLETE EQUIP 22005 1588492 0 0 0 689299 13338572 29640171 246345 1029348 97560 1617508 46658803 0 628794 108635 42963188 43700617 0 X 2958186 2958186 0 46658803 0 X -411132 -2547054 X false false false true X SCHEDULE D, PAGE 2, PART IV, LINE 2B THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS. MEMBER LOANS & ALLWNCE 2021-08-27 28169621 BOOK VALUE 396072970 ROYAL CREDIT UNION 200 RIVERFRONT TERRACE EAU CLAIRE WI 54703 501(C)(14) CASH ON HAND & DEPOSIT 2021-08-27 16319436 BOOK VALUE 396072970 ROYAL CREDIT UNION 200 RIVERFRONT TERRACE EAU CLAIRE WI 54703 501(C)(14) INVESTMENTS 2021-08-27 4999893 BOOK VALUE 396072970 ROYAL CREDIT UNION 200 RIVERFRONT TERRACE EAU CLAIRE WI 54703 501(C)(14) FIXED ASSETS 2021-08-27 948510 BOOK VALUE 396072970 ROYAL CREDIT UNION 200 RIVERFRONT TERRACE EAU CLAIRE WI 54703 501(C)(14) OTHER ASSETS 2021-08-27 543445 BOOK VALUE 396072970 ROYAL CREDIT UNION 200 RIVERFRONT TERRACE EAU CLAIRE WI 54703 501(C)(14) false false false false true true true false SCHEDULE N PEOPLES CHOICE CREDIT UNION MERGED INTO ROYAL CREDIT UNION OF EAU CLAIRE, WI, AFTER THE CLOSE OF BUSINESS ON AUGUST 27, 2021. GOVERNMENT AGENCY APPROVAL DOCUMENTS ARE ATTACHED TO THIS RETURN IN A PDF FILE. FORM 990 PEOPLES CHOICE CREDIT UNION MERGED INTO ROYAL CREDIT UNION OF EAU CLAIRE, WI, AFTER THE CLOSE OF BUSINESS ON AUGUST 27, 2021. GOVERNMENT AGENCY APPROVAL DOCUMENTS ARE ATTACHED TO THIS RETURN IN A PDF FILE. FORM 990, PAGE 6, PART VI, LINE 3 CHIEF EXECUTIVE OFFICER WAS REPLACED BY AN EMPLOYEE OF AN ASSISTING CREDIT UNION ON AN INTERIM BASIS FOR SEVERAL WEEKS PRIOR TO THE MERGER ON AUGUST 27, 2021. THIS WAS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO PREPARES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES THE CPA TO E-FILE THE APPROVED RETURN. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD OF DIRECTORS READ AND SIGN THE OATH OF OFFICE ON AN ANNUAL BASIS. THE OUTSIDE BUSINESS ACTIVITIES OF BOARD MEMBERS ARE REVIEWED BY THE PRESIDENT/CEO FOR CONFLICTS, AND IF ANY ARE PRESENT IT IS REPORTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS ANNUALLY. THIS IS DOCUMENTED IN BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9 NET ASSETS TRANSFERRED IN MERGER -2,547,054 PEOPLES CHOICE CREDIT UNION MERGED INTO ROYAL CREDIT UNION OF EAU CLAIRE, WI, AFTER THE CLOSE OF BUSINESS ON AUGUST 27, 2021.