2022-11-14T15:20:50-06:00 2021-12-31 390912608 HAWKINS ASH CPAS LLP 520 N BROADWAY SUITE 250 GREEN BAY WI 54303 990 2021-01-01 390394240 CAPITAL CREDIT UNION CAPI 9204942828 825 MORRIS AVE GREEN BAY WI 543044525 LISA HUGUET CFO 9204944541 2022-11-10 1 LISA HUGUET 999009999 JEFFREY DANEN P01236582 9203369850 2022-11-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z THOMAS YOUNG 825 MORRIS AVE GREEN BAY WI 543044525 86427391 0 X WWW.CAPITALCU.COM X 1934 WI CAPITAL CREDIT UNION IS A FULL SERVICE FINANCIAL INSTITUTION THAT OFFERS OUR MEMBERS MULTIPLE LOAN PRODUCTS AS WELL AS SHARE, SHARE DRAFT, CD AND IRA PRODUCTS. IN ADDITION, CAPITAL SERVES MEMBERS BY OFFERING AUTOMATED TELLER MACHINES, DIRECT DEPOSIT, CALL 24 ONLINE BANKING, DEBIT AND CREDIT CARDS, GIFT CARDS, SAFE DEPOSIT BOXES, E-STATEMENTS, BILL PAY AND MANY OTHER SERVICES. CAPITAL SERVES OVER 116,000 MEMBERS IN 12 NORTHEAST WISCONSIN COUNTIES: BROWN, CALUMET, DOOR, KEWAUNEE, MANITOWOC, MARINETTE, MENOMINEE, OCONTO, OUTAGAMIE, SHAWANO, WAUPACA, AND WINNEBAGO. 9 9 516 9 245835 0 0 0 79148499 81437883 2719592 3613704 27244 28228 81895335 85079815 508682 565428 0 0 24270004 25114430 0 0 0 39507587 32650658 64286273 58330516 17609062 26749299 1960503159 2195744286 1738696240 1949382451 221806919 246361835 X A NONPROFIT MEMBER-OWNED THRIFT INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS. CAPITAL CREDIT UNION IS A FULL SERVICE FINANCIAL INSTITUTION THAT OFFERS OUR MEMBERS MULTIPLE LOAN PRODUCTS AS WELL AS SHARE, SHARE DRAFT, CD AND IRA PRODUCTS. IN ADDITION, CAPITAL SERVES MEMBERS BY OFFERING AUTOMATED TELLER MACHINES, DIRECT DEPOSIT, CALL 24 ONLINE BANKING, DEBIT AND CREDIT CARDS, GIFT CARDS, SAFE DEPOSIT BOXES, E-STATEMENTS, BILL PAY AND MANY OTHER SERVICES. CAPITAL SERVES OVER 116,000 MEMBERS IN 12 NORTHEAST WISCONSIN COUNTIES: BROWN, CALUMET, DOOR, KEWAUNEE, MANITOWOC, MARINETTE, MENOMINE, OCONTO, OUTAGAMIE, SHAWANO, WAUPACA, AND WINNEBAGO. 0 0 CAPITAL CREDIT UNION PROVIDES A FULL MENU OF LOAN PRODUCTS TO ITS 116,446 MEMBERS, BOTH CONSUMER LOANS AND MORTGAGES. WITH A HIGH-RATE CHECKING ACCOUNT AND MONEY MARKET RATES THAT WERE AT THE TOP OF THE MARKET, WE WERE ABLE TO PROVIDE MEMBERS WITH INSURED,LIQUID ALTERNATIVES FOR THEIR DEPOSIT NEEDS. CAPITAL DONATED IN EXCESS OF $565,000 TO VARIOUS LOCAL CHARITIES THROUGHOUT THE YEAR THROUGH OUR ELEVATE COMMUNITIES PROGRAM. CAPITAL CONTINUES TO SUPPORT LOCAL HOMELESS SHELTERS AND MANY COMMUNITY EVENTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 93287 0 1 516 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X LISA HUGUET 9204944541 825 MORRIS AVENUE GREEN BAY WI 54306 RANDALL SANDERS TREASURER 1.50 X X 0 0 7 STEVEN FRASSETTO CHAIRMAN 3.50 X X 0 0 7 COLLEEN VANZEELAND DIRECTOR 1.50 X 1391 0 7 MELANIE HAEN VICE CHAIR 3.50 X X 0 0 7 NANCY RIETVELD DIRECTOR 1.50 X 0 0 7 HEATHER KARCZ DIRECTOR 1.50 X 0 0 7 KEITH LUCIUS SECRETARY 1.50 X X 0 0 7 JOHN CARRIER DIRECTOR 1.50 X 0 0 7 RACHEL NELSON DIRECTOR 1.50 X 865 0 7 THOMAS YOUNG PRESIDENT 40.00 X 573634 0 58169 KAREN CAREW EXECUTIVE VP/COO 40.00 X 325434 0 61232 LISA HUGUET CFO 40.00 X 192551 0 52559 LAURIE BUTZ PRESIDENT 40.00 X 63963 0 0 WENDY WOHR SVP - BRANCH DEVELOPMENT 40.00 X 300067 0 41359 PATTI BANI CHIEF CULTURE OFFICER 40.00 X 161033 0 36288 THOMAS WIEGERS VP/CIO 40.00 X 185480 0 8593 TIMOTHY WYNGAARD VP - COMMERCIAL LENDING 40.00 X 171874 0 39127 BRAD ROETHLISBERGER VP - FINANCIAL SOLUTIONS 40.00 X 139597 0 9859 JONATHAN PROBST VP - CONSUMER LENDING 40.00 X 126756 0 29500 AMY OTIS VP - HUMAN RESOURCES 40.00 X 137236 0 12284 DANIELLE KROENING VP - MEMBER SERVICES 40.00 X 126736 0 11788 2506617 0 360821 14 0 1 0 FISERV PO BOX 934057 ATLANTA GA 31193 CORE PROCESSOR 3943340 VISA USA INC PO BOX 742233 LOS ANGELES CA 90074 DEBT CARD PROCESSING 1244576 BLUEPOP DIGITIAL 1464 BRADBURY CT GREEN BAY WI 54313 MARKETING CONSULTANT 798723 TRISERV APPRAISAL MANAGEMENT SOLUTIONS 875 OLD ROSWELL RD STE G300 ROSWELL GA 30076 APPRAISER 663809 SENTINEL TECHNOLOGIES PO BOX 85080 CHICAGO IL 60680 COMPUTER SERVICES 337027 25 INTEREST ON LOANS 522100 58149585 58149585 FEE INCOME 522100 9048461 9023492 24969 INTERCHANGE INCOME 522100 8062310 8062310 INSURANCE INCOME 522100 2277887 2057021 220866 COMMISSION INCOME 522100 411180 411180 3488460 3488460 81437883 2866903 2866903 28228 0 28228 28228 28228 681377 1413000 0 1347576 681377 65424 746801 746801 85079815 81938849 245835 2895131 565428 2506617 17671509 1265795 2483179 1187330 65573 38315 1310127 1670343 4764446 1891374 57411 230918 1620680 2067020 160115 DIVIDENDS ON SHARES 10184381 PROCESSING 4213463 LOAN SERVICING 1794510 OTHER EXPENSES 1437893 1144089 58330516 384267032 439405029 27758000 67732250 5222958 7400093 1390154452 1498656691 1623219 1452170 51123933 27139912 25989915 23984021 71951116 87048010 8417994 23431308 13067017 12915232 32051456 33719482 1960503159 2195744286 16130246 13609365 447 271 53000000 52000000 1669565547 1883772815 1738696240 1949382451 X 0 0 11350466 11350466 210456453 235011369 221806919 246361835 1960503159 2195744286 26749299 -2194383 0 X X 0 1 X 1 0 7566078 7566078 27024898 12869867 14155031 8744035 7525324 1218711 7788922 6744721 1044201 23984021 SHARES 1883772815 1883772815 X 85079815 0 85079815 0 85079815 58330516 0 58330516 0 58330516 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 NEW ZOOLOGICAL SOCIETY PO BOX 12647 GREEN BAY WI 543072647 391516018 501(C)(3) 10000 0 FEAST WITH THE BEAST SPONSOR ST JOHN THE EVANGELIST HOMELESS SHELTER 411 ST JOHN STREET GREEN BAY WI 54301 262892934 501(C)(3) 26357 0 GENERAL SUPPORT/SPONSOR HAPPILY EVER AFTER ANIMAL SANCTUARY INC E5714 BORK RD MARION WI 54950 204031006 501(C)(3) 10685 0 GENERAL SUPPORT/SPONSOR PILLARS INC 605 E HANCOCK ST APPLETON WI 54911 391582471 501(C)(3) 47463 0 GENERAL SUPPORT/SPONSOR TOWN OF CLAYTON FIRE DEPARTMENT 8348 COUNTY T LARSON WI 54947 391225461 7500 0 GENERAL SUPPORT GREATER GREEN BAY CHAMBER OF COMMERCE INC 300 N BROADWAY SUITE 3A GREEN BAY WI 54303 390318170 501(C)(6) 6693 0 MEMBERSHIP DUES VILLAGE OF SUAMICO FIRE DEPARTMENT 12781 VELP AVE SUAMICO WI 54313 271577627 501(C)(3) 6380 0 GENERAL SUPPORT GREEN BAY CRIME STOPPERS PO BOX 1087 GREEN BAY WI 54305 391579141 501(C)(3) 6000 0 GENERAL SUPPORT/SPONSOR FOX CITIES CHAMBER OF COMMERCE & INDUSTRY INC 125 N SUPERIOR ST APPLETON WI 54911 391248133 501(C)(6) 7520 0 GENERAL SUPPORT/SPONSOR HARBOR HOUSE DOMESTIC ABUSE PROGRAMS INC 720 W 5TH ST APPLETON WI 54914 391870927 501(C)(3) 5500 0 GENERAL SUPPORT/SPONSOR MY BROTHER'S KEEPER INC 1463 MAIN ST GREEN BAY WI 54302 043088412 501(C)(3) 6000 0 GENERAL SUPPORT/SPNSOR ASHWAUBENON DEPARTMENT OF PUBLIC SAFETY 2155 HOLMGREN WAY GREEN BAY WI 54304 396031398 31866 0 GENERAL SUPPORT MENASHA POLICE DEPARTMENT 430 FIRST ST MENASHA WI 54952 396005525 30836 0 GENERAL SUPPORT SALVATION ARMY - FOX CITIES 130 E NORTH ST APPLETON WI 54911 362167910 509(A)(1) 25000 0 GENERAL SUPPORT WISCONSIN HUMANE SOCIETY - GREEN BAY CAMPUS 1830 RADISSON ST GREEN BAY WI 54302 390810533 501(C)(3) 10450 0 GENERAL SUPPORT OUTAGAMIE SHERIFF'S OFFICE 3030 E GOODLAND DR APPLETON WI 54911 396005724 11559 0 GENERAL SUPPORT GRAND CHUTE FIRE DEPARTMENT 2250 GRAND CHUTE BLVD GRAND CHUTE WI 54913 396005918 11138 0 GENERAL SUPPORT 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 THOMAS YOUNG PRESIDENT 510405 0 41913 0 21316 0 39800 0 18369 0 631803 0 0 0 KAREN CAREW EXECUTIVE VP/COO 282412 0 30327 0 12695 0 39800 0 21432 0 386666 0 0 0 WENDY WOHR SVP - BRANCH DEVELOPMENT 177510 0 15630 0 106927 0 16454 0 24905 0 341426 0 0 0 LISA HUGUET CFO 164212 0 15703 0 12636 0 26833 0 25726 0 245110 0 0 0 TIMOTHY WYNGAARD VP - COMMERCIAL LENDING 145666 0 13409 0 12799 0 12126 0 27001 0 211001 0 0 0 PATTI BANI CHIEF CULTURE OFFICER 136837 0 12099 0 12097 0 17930 0 18358 0 197321 0 0 0 THOMAS WIEGERS VP/CIO 157389 0 13525 0 14566 0 8593 0 0 0 194073 0 0 0 JONATHAN PROBST VP - CONSUMER LENDING 105489 0 10349 0 10918 0 9560 0 19940 0 156256 0 0 0 PART I, LINE 4B FROM F/S FOOTNOTE 13 - DEFERRED COMPENSATION: THE CREDIT UNION HAS ENTERED INTO NONQUALIFIED DEFERRED COMPENSATION AGREEMENTS WITH TWO KEY OFFICERS. THE CREDIT UNION DOES NOT MAKE CONTRIBUTIONS TO THE PLANS, WHICH ARE FUNDED SOLELY BY THE EMPLOYEES. THE BALANCE OF THESE DEFERRED COMPENSATION AGREEMENTS WAS APPROXIMATELY $302,000 AND $248,000 AS OF DECEMBER 31, 2021 AND 2020, RESPECTIVELY. THE CREDIT UNION ACQUIRED FROM THE MERGER OF PIONEER CREDIT UNION A NONQUALIFIED DEFERRED COMPENSATION PLAN WITH KEY MEMBERS OF ITS MANAGEMENT TEAM. A PARTICIPANT IS ELIGIBLE FOR BENEFIT PAYMENTS UPON REACHING 20 YEARS OF EMPLOYMENT AND THE VESTING AGE OF 62. A DEFERRAL ACCOUNT HAS BEEN ESTABLISHED FOR EACH OF THE PARTICIPANTS. CONTRIBUTIONS TO THE ACCOUNTS ARE AT THE DISCRETION OF THE BOARD OF DIRECTORS. THE BALANCE IN THE DEFERRAL ACCOUNTS ARE THE ASSETS OF THE CREDIT UNION AND ARE AVAILABLE TO CREDITORS IN THE EVENT OF THE CREDIT UNION'S LIQUIDATION UNTIL THE EMPLOYEES MEET THE REQUIREMENTS NOTED ABOVE. NO EMPLOYEE CONTRIBUTIONS TO THE ACCOUNTS ARE ALLOWED UNDER THE PLAN. THE BALANCE OF THE DEFERRED COMPENSATION PLANS WAS APPROXIMATELY $0 AND $81,000 AS OF DECEMBER 31, 2021 AND 2020, RESPECTIVELY. THERE WAS NO EXPENSE RELATED TO THIS PLAN IN 2021 OR 2020 THE CREDIT UNION HAS NONQUALIFIED DEFERRED COMPENSATION AGREEMENTS WITH ITS KEY OFFICERS. THE CREDIT UNION IS NOT REQUIRED TO MAKE CONTRIBUTIONS TO THE PLAN, BUT MAY DO SO AT ITS DISCRETION. THE CREDIT UNION DID NOT MAKE ANY CONTRIBUTION TO THE PLAN IN 2021 OR 2020. THE BALANCE OF THESE DEFERRED COMPENSATION AGREEMENTS ARE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. THE CREDIT UNION HAS ENTERED INTO A NONQUALIFIED DEFERRED COMPENSATION AGREEMENT WITH THE EXECUTIVE VICE PRESIDENT OF THE CREDIT UNION. THE CREDIT UNION IS REQUIRED TO DEFER APPROXIMATELY $20,000 A MONTH UNTIL FEBRUARY 2021. THE BALANCE OF THIS DEFERRED COMPENSATION AGREEMENT WAS APPROXIMATELY $842,000 AS OF DECEMBER 31, 2020. DURING 2021, THE PLAN WAS DISSOLVED AND A SPLIT DOLLAR PLAN WAS ISSUED IN ITS PLACE. THOMAS YOUNG PRESIDENT SPLIT DOLLAR LIFE INSURANCE X 6104265 5209709 0 1 1 KAREN CAREW EXECUTIVE VICE PRESIDENT SPLIT DOLLAR LIFE INSURANCE X 2248845 2190384 0 1 1 7400093 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE INDIVIDUALS LIVING OR WORKING IN THE COUNTIES OF BROWN, CALUMET, DOOR, KEWAUNEE, MANITOWOC, MARINETTE, MENOMINEE, OCONTO, OUTAGAMIE, SHAWANO, WAUPACA, AND WINNEBAGO THAT HAVE DEPOSITS WITH THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A BOARD OF DIRECTORS IS ELECTED BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B REVIEWED BY THE PRESIDENT AND CFO PRIOR TO SUBMISSION WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT COVERS ALL EMPLOYEES AND BOARD OF DIRECTORS. THE DETERMINATION AND REVIEW OF PERCEIVED CONFLICT IS DONE AT THE MANAGEMENT TEAM LEVEL. UPON DETERMINATION OF A CONFLICT, THE PERSON INVOLVED IN SAID CONFLICT CANNOT PARTICIPATE IN DELIBERATIONS OR DECISIONS. STAFF AND OFFICERS ARE REQUIRED TO REVIEW THE POLICY MANUAL. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS OF DETERMINING PROPER COMPENSATION IS COMPLETED DURING THE BOARD OF DIRECTORS MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 POLICIES ARE AVAILABLE UPON REQUEST, SUMMARIZED FINANCIALS ARE POSTED IN THE BRANCHES. LINE 2C EXPLANATION NO CHANGES FROM THE PRIOR YEAR. CAPITAL CREDIT UNION SERVICE CORP 825 MORRIS AVE GREEN BAY WI 54304 391852107 INSURANCE COMMISSIONS WI CAPITAL CREDIT UNION C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0