2021-11-15T14:18:32-06:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2020-01-01 390203995 LANDMARK CREDIT UNION LAND 2627964500 2775 S MOORLAND ROAD NEW BERLIN WI 53151 DAVID POWERS CFO 2627964500 2021-11-12 1 DAVID POWERS 999009999 TANYA MEDGAARDEN P01717240 5074347000 2021-11-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAVID POWERS 2775 S MOORLAND ROAD NEW BERLIN WI 53151 252537070 0 X WWW.LANDMARKCU.COM X CREDIT UNION 1933 WI LANDMARK CREDIT UNION IS A MEMBER-OWNED NOT-FOR-PROFIT, COOPERATIVE FINANCIAL INSTITUTION. 9 8 946 0 145735 0 0 0 210587301 244872818 12920719 7415445 124583 76391 223632603 252364654 0 0 41882727 40001702 56147126 68343635 0 0 0 65290921 75106634 163320774 183451971 60311829 68912683 4463282883 5282705118 4018733940 4767913698 444548943 514791420 X LANDMARK CREDIT UNION 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 PROVIDE LOW COST FINANCIAL SERVICES TO OVER 367,167 MEMBERS, WHO RESIDE PRIMARILY IN SOUTHEASTERN WISCONSIN. PROVIDED OVER 658,550 SAVINGS-TYPE ACCOUNTS TO THE CREDIT UNION'S MEMBERS. THE ACCOUNTS ARE STRUCTURED TO ENCOURAGE MEMBER THRIFT AND PROVIDE A COMPETITIVE RETURN ON THEIR SAVINGS. GRANTED 60,475 LOANS TO CREDIT UNION MEMBERS, REPRESENTING APPROXIMATELY $3,057,703,211 AIMED AT MEETING THEIR RESPECTIVE FINANCING NEEDS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 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 123725 0 1 946 1 1 1 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 1 1 0 X DAVID POWERS 2627964500 555 S EXECUTIVE DR BROOKFIELD WI 53005 JAY MAGULSKI TREASURER/CEO/PRESIDENT 50.00 X X 799841 0 79270 BRIAN DOROW CHAIRPERSON 10.00 X X 24000 0 0 NANCY DICKMAN SECRETARY 10.00 X X 21100 0 0 GRACE KOSTROSKI VICE CHAIRPERSON 10.00 X X 19600 0 0 JENNIFER ZIERER DIRECTOR 10.00 X 15000 0 0 AILEC GONZALEZ DIRECTOR 10.00 X 15000 0 0 MIKE ERWIN DIRECTOR 10.00 X 15000 0 0 JOHN SCHULZE JR DIRECTOR 10.00 X 15000 0 0 NELSON PHILLIPS DIRECTOR 10.00 X 15000 0 0 DANE SANDERSEN ASSOCIATE DIRECTOR 10.00 X 4000 0 0 DAVID POWERS CFO 50.00 X 375037 0 57960 MARK KENNEDY CLO 50.00 X 366168 0 49383 STEPHEN HANNAN JR CIO 50.00 X 322311 0 55673 ROBERT BRUEMMER EVP 50.00 X 295992 0 42232 BRIAN MELTER CXO 50.00 X 200788 0 38150 KAREN BRAUN SUPERVISOR, MORTGAGE LENDING 50.00 X 488049 0 60291 GUSTAVO ALCANTARA SUPERVISOR, MORTGAGE LENDING 50.00 X 419280 0 57544 LUKE HESPRICH SENIOR INVESTMENT REP 40.00 X 383624 0 64697 CHRISTOPHER SLADEK MTG LOAN ORIGINATOR 40.00 X 367502 0 64575 CYNTHIA MINUTI SVP BR STRATEGY & DE 50.00 X 259997 0 50709 4422289 0 620484 81 0 1 0 CG SCHMIDT INC 11777 W LAKE PARK DRIVE MILWAUKEE WI 532243047 BUILDING CONSTRUCTION 38356108 FISERV PO BOX 934057 ATLANTA GA 311934057 DATA SERVICES 6831943 LAMACCHIA GROUP LLC 157 N MILWAUKEE ST MILWAUKEE WI 53202 BRANCH CONSTRUCTION 5809744 JIGSAW LLC 710 N PLANKINTON AVE 9TH FLOOR MILWAUKEE WI 53203 MARKETING 2667613 NCR (DIGITAL INSIGHT) PO BOX 740641 LOS ANGELES CA 900740641 DIGITAL CHANNEL 2326484 99 LOAN INTEREST INCOME 522100 160333847 160333847 OTHER OPERATING INCOME 522100 57721972 57721972 FEE REVENUE 522100 26816999 26671264 145735 244872818 7180842 7180842 76391 0 76391 76391 76391 396563 10456 172416 0 224147 10456 234603 234603 252364654 244803474 145735 7415445 40001702 2826505 49077821 5533591 7493331 3412387 634339 186092 4337102 12187786 4622605 370420 4058642 3883456 PROVISION FOR LOAN LOSS 18585484 PROFESSIONAL & OUTSIDE 12534117 LOAN SERVICING EXPENSES 7935612 MISC. OPERATING EXPENSE 5423084 347895 183451971 19109387 46422335 283242518 573954890 2726524 4207712 3670108672 4022467889 3424961 3669405 174520323 44597140 76047591 129923183 232728771 316331448 32690786 26800204 143203673 158928052 4463282883 5282705118 76780998 102875646 165305000 180105000 3776647942 4484933052 4018733940 4767913698 X 0 0 0 0 444548943 514791420 444548943 514791420 4463282883 5282705118 X 68912683 1681989 -352195 X 0 1 X 1 0 0 1 X 16461637 16461637 122885358 17528413 105356945 1210810 796542 414268 33962518 26272185 7690333 129923183 SHARE DRAFTS 810701369 REGULAR DRAFTS 1040046045 MONEY MARKET SHARES 1201360975 SHARE CERTIFICATES 1153433392 IRA 252124438 ALL OTHER SHARES/DEPOSITS 27266833 4484933052 X 252422496 0 252422496 -57842 -57842 252364654 183509815 57844 57844 183451971 0 183451971 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS REAL ESTATE ESCROW ACCOUNTS USED TO PAY MEMBERS REAL ESTATE TAXES AND INSURANCE. PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE (IRC) 501 (C) (14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2020 AND 2019. THE CREDIT UNION'S 2017 THROUGH 2019 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES INCLUDED IN REVENUE FOR 990 PURPOSES -57,842. ROUNDING PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES NOT INCLUDED FOR 990 PURPOSES 57,842. ROUNDING 2. X 0 0 0 JAY MAGULSKI TREASURER/CEO/PRESIDENT 538923 0 257354 0 3564 0 45165 0 34105 0 879111 0 0 0 KAREN BRAUN SUPERVISOR, MORTGAGE LENDING 51385 0 434278 0 2386 0 38602 0 21689 0 548340 0 0 0 GUSTAVO ALCANTARA SUPERVISOR, MORTGAGE LENDING 57171 0 359443 0 2666 0 36876 0 20668 0 476824 0 0 0 LUKE HESPRICH SENIOR INVESTMENT REP 12478 0 369243 0 1903 0 31542 0 33155 0 448321 0 0 0 DAVID POWERS CFO 273826 0 96064 0 5147 0 25563 0 32397 0 432997 0 0 0 CHRISTOPHER SLADEK MTG LOAN ORIGINATOR 55928 0 310953 0 621 0 33285 0 31290 0 432077 0 0 0 MARK KENNEDY CLO 262366 0 92832 0 10970 0 27103 0 22280 0 415551 0 0 0 STEPHEN HANNAN JR CIO 234390 0 78892 0 9029 0 23966 0 31707 0 377984 0 0 0 ROBERT BRUEMMER EVP 219648 0 72331 0 4013 0 21066 0 21166 0 338224 0 0 0 CYNTHIA MINUTI SVP BR STRATEGY & DE 199810 0 58465 0 1722 0 19170 0 31539 0 310706 0 0 0 BRIAN MELTER CXO 199452 0 900 0 436 0 6108 0 32042 0 238938 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LANDMARK CREDIT UNION IS COOPERATIVELY OWNED BY ITS APPROXIMATELY 341,538 MEMBERS. OWNERSHIP IS ACQUIRED THROUGH OPENING A QUALIFYING SHARE (SAVINGS) ACCOUNT, WITH A MINIMUM DEPOSIT OF $5.00. EACH MEMBER IS ENTITLED TO AN EQUAL VOTE IN MATTERS IN WHICH THE CREDIT UNION'S BYLAWS EMPOWER MEMBER AUTHORIZATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS TO REPRESENT THEIR COOPERATIVE INTERESTS. DIRECTORS ARE ELECTED FOR THREE-YEAR TERMS, AND MUST STAND FOR ELECTION AT A MEETING OF THE MEMBERSHIP UPON EXPIRATION OF THEIR RESPECTIVE TERMS. FORM 990, PART VI, SECTION A, LINE 7B AT ANY MEETING OF THE MEMBERSHIPS, A MAJORITY OF THE MEMBERS PRESENT MAY DIRECT THE BOARD OF DIRECTORS TO: A) CONSIDER IMPLEMENTING ANY POLICY PROPOSED BY THE MEMBERS; B) RECONSIDER ANY DECISION OF THE DIRECTORS, OFFICERS, OR COMMITTEES; C) BY A THREE-FOURTHS VOTE REMOVE ANY DIRECTOR, AND; D) BY A THREE-FOURTHS VOTE AMEND THE EXISTING BYLAWS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CEO AND CFO FOR ACCURACY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OATH OF OFFICE IS SIGNED ANNUALLY, ANY ITEM OF VALUE OVER $250 GIVEN TO AN ASSOCIATE MUST BE REPORTED, JUSTIFIED, AND APPROVED BY THE PRESIDENT. ALL ASSOCIATES ARE COVERED. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES RECEIVE AN ANNUAL PERFORMANCE EVALUATION AT WHICH TIME COMPENSATION FOR THE NEXT YEAR IS DETERMINED. THERE IS A COMPENSATION COMMITTEE OF THE BOARD THAT ACTS ON THE PRESIDENT'S REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC FORM 990, PART XI, LINE 9: CHANGE IN DEFINED BENEFIT PLAN -352,196. ROUNDING 1. CHANGE IN ACCOUNTING STANDARD LANDMARK FINANCIAL SERVICES INC 2775 S MOORLAND ROAD STE 301 NEW BERLIN WI 53151 391607208 DORMANT CORPORATION WI 300 LANDMARK CREDIT UNION