2021-06-20T14:23:24-05:00 2021-03-31 811697509 AUDIT THREESIXTY 1202 JOHNSON ST ONALASKA WI 546502008 990 2021-01-01 390736798 POST OFFICE CREDIT UNION POST 6084179211 151 WEST CORPORATE DRIVE MADISON WI 53714 KEVIN YAEGER PRESIDENT/CEO 6084179211 2021-05-03 true KEVIN YAEGER 999009999 PETER RASMUSSEN P01888997 6083173765 2021-06-20 X 2020 2022-09-23 18:48:47Z X KEVIN YAEGER 151 W CORPORATE DRIVE MADISON WI 53714 2217491 false X WWW.POCU.COM X 1930 WI POST OFFICE CREDIT UNION IS A MEMBER-OWNED, NONPROFIT FINANCIAL COOPERATIVE, WHOSE PURPOSE IS TO PROVIDE FRIENDLY, CONVENIENT AND COMPETITIVE FAMILY FINANCIAL SERVICES TO MEMBERS WHILE MAINTAINING FINANCIAL INTEGRITY. X 7 7 0 9 1999 0 888559 180292 252237 -51136 5283 1125 1146079 130281 0 0 603065 244915 0 0 514096 940834 1117161 1185749 28918 -1055468 35866859 0 28279246 0 7587613 0 X POST OFFICE CREDIT UNION IS A MEMBER-OWNED, NONPROFIT FINANCIAL COOPERATIVE, WHOSE PURPOSE IS TO PROVIDE FRIENDLY, CONVENIENT AND COMPETITIVE FAMILY FINANCIAL SERVICES TO MEMBERS WHILE MAINTAINING FINANCIAL INTEGRITY. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 20 NEW DEPOSIT ACCOUNTS IN 2021 PRIOR TO MERGER. AS OF 03/31/2021 WE HAD 2,973 MEMBERS PRIOR TO OUR MERGER. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 55 NEW LOANS DURING 2021 PRIOR TO MERGER. AS OF 03/31/2021 WE HAD 1,249 LOANS TO OUR MEMBERS PRIOR TO OUR MERGER. 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 false false false false false false false false true false false false false false true 0 0 true 0 true true false false false false false false false X 7 7 false false false false true true true true true false false false true true true true true true true false X KEVIN YAEGER 6084179211 151 W CORPORATE DRIVE MADISON WI 53714 KEVIN YAEGER PRESIDENT/CE 40.00 X 45501 0 70236 TAMMIE STUNTEBECK VICE PRES 40.00 X 22324 0 31159 JAMES WOLFF CHAIR 2.00 X X 0 0 0 JOHN CUTA VICE CHAIR 1.00 X X 0 0 0 RICHARD TRAMERI TREASURER 1.00 X X 0 0 0 LOUIS ANTOINE SECRETARY 1.00 X X 0 0 0 RODNEY LOTHE DIRECTOR 1.00 X 0 0 0 LAUREL ZIMMERMAN DIRECTOR 1.00 X 0 0 0 PATRICK NEE DIRECTOR 1.00 X 0 0 0 67825 101395 false false false FISERV 4987 W LAKE PARK BLVD STE 200 SALT LAKE CITY UT 84120 CORE PROCESSING 113696 1 INTEREST ON LOANS 522130 161483 161483 ACCOUNT FEES / CHARGES 522130 11354 11354 OTHER MEMBER RELATED REVENUE 522130 5456 5456 FEE & INSURANCE REVENUE 520000 1699 1699 CVR/DMV FEE INCOME 560000 300 300 180292 46589 46589 1125 1125 1989485 2087210 -97725 -97725 -97725 130281 80568 1999 47714 67825 57228 8541 101562 9759 5005 9455 139817 71157 16407 77 12584 11400 DIVIDENDS EXPENSE 650100 DECONVERSION EXPENSE 91342 PROV LOAN LOSS ADJSTMNT -66510 1185749 0 0 0 46257 11675302 18653471 169806 646690 4258314 417019 35866859 0 440088 27839158 28279246 0 X 7587613 7587613 0 35866859 0 X -1055468 -6532145 X false false MEMBER LOANS & ALLOWCE 2021-03-31 15485622 BOOK VALUE 530197038 PENTAGON FEDERAL CREDIT UNION 7940 JONES BRANCH DRIVE MCLEAN VA 22102 501(C)(1) INVESTMENTS 2021-03-31 5538085 BOOK VALUE 530197038 PENTAGON FEDERAL CREDIT UNION 7940 JONES BRANCH DRIVE MCLEAN VA 22102 501(C)(1) FIXED ASSETS 2021-03-31 634114 BOOK VALUE 530197038 PENTAGON FEDERAL CREDIT UNION 7940 JONES BRANCH DRIVE MCLEAN VA 22102 501(C)(1) CASH & DEPOSITS 2021-03-31 12817894 BOOK VALUE 530197038 PENTAGON FEDERAL CREDIT UNION 7940 JONES BRANCH DRIVE MCLEAN VA 22102 501(C)(1) OTHER ASSETS 2021-03-31 275981 BOOK VALUE 530197038 PENTAGON FEDERAL CREDIT UNION 7940 JONES BRANCH DRIVE MCLEAN VA 22102 501(C)(1) false true false true true true true false SCHEDULE N, PAGE 1, PART I, LINE 2E KEVIN YAEGER, PRESIDENT/CEO OF POST OFFICE CREDIT UNION WILL BECOME REGIONAL DIRECTOR BUSINESS DEVELOPMENT AFTER THE MERGER. HE RECEIVED AN 8.6% RETENTION BONUS AND A 7.6% SALARY INCREASE. TAMMIE STUNTEBECK, VICE PRESIDENT OF POST OFFICE CREDIT UNION WILL BECOME THE BRANCH MANAGER AFTER THE MERGER. SHE RECEIVED A 10% RETENTION BONUS AND AN 8% SALARY INCREASE. SCHEDULE N POST OFFICE CREDIT UNION MERGED WITH PENTAGON FEDERAL CREDIT UNION AFTER THE CLOSE OF BUSINESS MARCH 31, 2021. GOVERNMENT AGENCY APPROVAL DOCUMENTS ARE ATTACHED TO THIS RETURN IN A PDF FILE. FORM 990 - ORGANIZATION'S MISSION POST OFFICE CREDIT UNION IS A MEMBER-OWNED, NONPROFIT FINANCIAL COOPERATIVE, WHOSE PURPOSE IS TO PROVIDE FRIENDLY, CONVENIENT AND COMPETITIVE FAMILY FINANCIAL SERVICES TO MEMBERS WHILE MAINTAINING FINANCIAL INTEGRITY. 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 PREPARER WHO COMPLETES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES PREPARER TO E-FILE THE APPROVED RETURN. FORM 990, PAGE 6, PART VI, LINE 12C POLICY IS REVIEWED AND ACKNOWLEDGED ANNUALLY. POTENTIAL CONFLICTS ARE REPORTED TO THE SUPERVISORY COMMITTEE FOR FOLLOW-UP. FORM 990, PAGE 6, PART VI, LINE 15A THE CREDIT UNION SUBSCRIBES TO THE WISCONSIN CREDIT UNION LEAGUE'S ANNUAL COMPENSATION SURVEY. POSITIONS ARE BENCHMARKED USING A COMPARISON OF THE POSITION DECRYPTIONS AND ASSET SIZE OF COMPARABLE CREDIT UNIONS WITHIN THE STATE OF WISCONSIN. COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B THE CREDIT UNION SUBSCRIBES TO THE WISCONSIN CREDIT UNION LEAGUE'S ANNUAL COMPENSATION SURVEY. POSITIONS ARE BENCHMARKED USING A COMPARISON OF THE POSITION DECRYPTIONS AND ASSET SIZE OF COMPARABLE CREDIT UNIONS WITHIN THE STATE OF WISCONSIN. COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. STATEMENT OF FINANCIAL CONDITION IS POSTED IN THE LOBBY. FORM 990, PART XI, LINE 9 NET ASSETS TRANSFERED IN MERGER -6,532,145 POST OFFICE CREDIT UNION MERGED WITH PENTAGON FEDERAL CREDIT UNION AFTER THE CLOSE OF BUSINESS MARCH 31, 2021. GOVERNMENT AGENCY APPROVAL DOCUMENTS ARE ATTACHED TO THIS RETURN IN A PDF FILE.