2022-11-11T07:48:36-06:00 2021-12-31 390912608 HAWKINS ASH CPAS LLP 520 N BROADWAY SUITE 250 GREEN BAY WI 54303 990 2021-01-01 390860994 SIMPLICITY CREDIT UNION SIMP 7153873702 222 E UPHAM AVENUE MARSHFIELD WI 544490790 NICK FABER PRESIDENT/CEO 7153873702 2022-11-10 1 NICK FABER 999009999 JEFFREY DANEN P01236582 9203369850 2022-11-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z NICHOLAS FABER 222 UPHAM AVENUE MARSHFIELD WI 54449 17672616 0 X WWW.SIMPLICITY.COOP X 1949 WI A NONPROFIT MEMBER-OWNED THRIFT INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS. OPERATIONS ARE PRIMARILY RELATED TO HOLDING DEPOSITS FOR AND MAKING LOANS TO MEMBERS. 9 9 126 9 108965 0 0 0 15576040 17022105 783416 490116 153500 110337 16512956 17622558 13000 4000 0 0 6801967 7857304 0 0 0 7677478 7853629 14492445 15714933 2020511 1907625 337112672 424593294 303454679 385821569 33657993 38771725 A NONPROFIT MEMBER-OWNED THRIFT INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS. OPERATIONS ARE PRIMARILY RELATED TO HOLDING DEPOSIT FOR AND MAKING LOANS TO MEMBERS. 0 0 HOLDING DEPOSITS FOR AND MAKING LOANS TO MEMBERS 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6339 0 1 126 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 1 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X NICHOLAS FABER 7153873702 222 UPHAM AVENUE MARSHFIELD WI 544490790 MARK PAGE CHAIR 1.00 X X 945 0 0 HERB STEPHANI DIRECTOR 0.50 X 565 0 0 TOM MCCARTEN DIRECTOR 0.50 X 615 0 0 SUE SHULFER SECRETARY/TREASURER 0.75 X X 730 0 0 KAYLA ROMBALSKI VICE CHAIR 0.75 X X 705 0 0 BOBBI BRADLEY DIRECTOR 0.50 X 615 0 0 IILEE PEDERSON DIRECTOR 0.50 X 565 0 0 VERN GREEN DIRECTOR 0.50 X 150 0 0 PAUL HAUFFE DIRECTOR 0.50 X 50 0 0 NICHOLAS FABER PRESIDENT/CEO 40.00 X 244740 0 8532 AMBER SPERL CHIEF FINANCIAL OFFICER 40.00 X 69980 0 0 KELLY KORTH CHIEF EXPERIENCE OFFICER 40.00 X 166661 0 6954 JASON BUCHINGER FINANCIAL ADVISOR 40.00 X 286385 0 8427 CHRISTIE KEEN SR. MORTGAGE LOAN OFFICER 40.00 X 121994 0 1200 JEN STANTON VP OF SALES 40.00 X 108497 0 3010 RICHARD SZABO VP OF INFORMATION TECHNOLOGY 40.00 X 119662 0 1431 1122859 0 29554 6 0 1 0 FISERV 75 REMITTANCE DRIVE SUITE 1649 CHICAGO IL 60675 DEBIT CARD PROCESSING, COMPUTER MAIN FRA 1471049 Q2 PO BOX 205970 DALLAS TX 75320 ONLINE/HOME BANKING 493743 FINASTRA USA CORPORATION PO BOX 535120 ATLANTA GA 30353 LOAN ORIGINATION SYSTEM/DISCLOSURES 147859 DOXIM INC 747 EAST WHITCOMB AVE MADISON HEIGHTS MI 48071 STATMENT PRODUCTION AND MAILING 135255 SPECTRUM BUSINESS-CHARTER COMMUNICATIONS PO BOX 94188 PALATINE IL 600944188 PHONE/INTERNET PROVIDER 127023 7 INTEREST ON LOANS 522100 10799975 10799975 FEE INCOME 522100 4281219 4274781 6438 INSURANCE COMMISSION AND FEES 522100 1300909 1300909 OTHER OPERATING 522100 640002 640002 17022105 467374 467374 7680 0 7680 7680 7680 72800 48558 1500 24242 -1500 22742 22742 MANAGEMENT SERVICES 522100 102527 102527 OTHER REV 522100 130 130 102657 17622558 17046219 108965 467374 4000 1122859 4339443 352362 1648377 394263 162457 2193 103346 67494 426481 1555156 542141 356780 91534 72398 51301 594813 89836 DIVIDENDS ON SHARES 1128546 LOAN ORIGINATION AND SE 712840 PROVISION FOR BAD DEBT 708029 DEBIT/CREDIT CARD EXPEN 477103 711181 15714933 5807290 3876052 89240764 134143414 18596 73626 2926796 215340538 255340020 7670 28874 729115 927337 15848067 7802496 7958713 8045571 7752360 14789670 2727155 3296370 4603675 4072360 337112672 424593294 4070894 3571120 4000000 5000000 295383785 377250449 303454679 385821569 X 0 0 4469849 4469849 29188144 34301876 33657993 38771725 337112672 424593294 X 1907625 -154185 3360292 X 0 1 X 1 0 1 X 702037 702037 9291579 2739208 6552371 5512195 4757315 754880 342256 305973 36283 8045571 SHARES 377250449 377250449 X 17622558 0 17622558 0 17622558 15714933 0 15714933 0 15714933 PART IV, LINE 2B: WHEN NECESSARY, ESCROW ACCOUNTS ASSOCIATED WITH MORTGAGES ARE HELD ON BEHALF OF MEMBERS. THE BALANCE IN THESE ACCOUNTS IS INCLUDED ON LINE 25 OF PART X. PART X, LINE 2: GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CREDIT UNION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE CREDIT UNION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CREDIT UNION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2021 AND 2020, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CREDIT UNION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE CREDIT UNION WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. 1 X X X 0 0 0 JASON BUCHINGER FINANCIAL ADVISOR 0 0 286259 0 126 0 7227 0 1200 0 294812 0 0 0 NICHOLAS FABER PRESIDENT/CEO 203909 0 40615 0 216 0 7332 0 1200 0 253272 0 0 0 KELLY KORTH CHIEF EXPERIENCE OFFICER 135484 0 30145 0 1032 0 5154 0 1800 0 173615 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 EXPANDED FIELD OF MEMBERSHIP FOR MERGER FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE INDIVIDUALS LIVING OR WORKING IN ADAMS, BROWN, CALUMET, CLARK, FOND DU LAC, MARATHON, OUTAGAMIE, PORTAGE, SHAWANO, WAUPACA, WAUSHARA, WINNEBAGO AND WOOD COUNTIES AND THE TOWNSHIP OF ALMA; EMPLOYEES OF THE CP RAIL SYSTEMS, COPPS COMPANY AND CORPORATION, DELTA DENTAL PLAN OF WISCONSIN, DONALDSON COMPANY, CORPORATE EXPRESS, HERRSCHNERS, INC., NAPA DISTRIBUTION CENTER, SKYWARD, STEEL KING INDUSTRIES, INC., SNE CORPORATION, SUNRISE MEDICAL, CITY OF NEENAH, NEENAH JOINT SCHOOL DISTRICT, NEENAH WATER UTILITY, ANY MUNICIPALITY WHO ENGAGES IN PROVIDING SERVICES TO THE CITY OF NEENAH, CONTRACTED TO WORK FOR THE CITY OF NEENAH OR THE NEENAH JOINT SCHOOL DISTRICT, AND STOCKHOLDERS OR PATRONS OF THE TOMORROW VALLEY CO-OP FORM 990, PART VI, SECTION A, LINE 7A BOARD OF DIRECTORS IS ELECTED BY MEMBERS FORM 990, PART VI, SECTION B, LINE 11B BOARD MEETING FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS BOTH A FRAUD AND ANIT-BRIBERY ACT POLICY IN THE HANDBOOK THAT EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE EACH YEAR THAT ADDRESES PREFERENTIAL TREATMENT, THE ACCEPTANCE OF GIFTS FROM A THIRD PARTY TO DERIVE SPECIAL FAVORS, AND UNAUTHORIZED DISCLOSURE OR MANIPULATION OF MEMBER ACCOUNT INFORMAITON. ALL BOARD MEMBERS MUST SIGN A CODE OF CONDUCT AGREEMENT AND CONFLICT OF INTEREST STATEMENT AND DISCLOSURE ANNUALLY AS PART OF THE REORGANIZATIONAL MEETING. FORM 990, PART VI, SECTION B, LINE 15 VARIOUS SOURCES OF COMPARATIVE DATA ARE USED AND RANGES ARE DETERMINED FOR EACH POSITION. THESE RANGES ARE REVIEWED AGAINST INDUSTRY STANDARDS EACH YEAR AND AJUSTED AS NECESSARY. THE BOARD REVIEWS CEO ANNUALLY AND THE CEO REVIEWS PERFORMANCE OF KEY EMPLOYEES ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND AN ANNUAL REPORT IS PRINTED FOR EACH YEAR-END. ANY OTHER REQUESTS FOR INFORMATION WOULD BE SUBMITTED TO THE PRESIDENT/CEO OR BOARD CHAIRMAN FORM 990, PART XI, LINE 9: ROUNDING -2. EQUITY ACQUIRED IN MERGER 3,360,294. EXCLAMATION SERVICES LLC 103 S CENTRAL AVE MARSHFIELD WI 54449 352636767 ADMINISTRATIVE AND SUPPORT SERVICES WI -43454 188472 SIMPLICITY CREDIT UNION