2021-05-17T15:43:15-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2020-01-01 390263945 CONNEXUS CREDIT UNION CONN 7158474700 1 CORPORATE DR STE 700 WAUSAU WI 54401 BOYD GUSTKE CEO/PRESIDENT 7158474700 2021-05-14 1 BOYD GUSTKE 999009999 TANYA MEDGAARDEN P01717240 5074347000 2021-05-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BOYD GUSTKE 1 CORPORATE DR STE 700 WAUSAU WI 54401 229153547 0 X CONNEXUSCU.ORG X CU 1935 WI ENCOURAGE THRIFT AND SELF RELIANCE AMONG MEMBERS BY CREATING A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST IN ORDER TO IMPROVE SOCIAL CONDITIONS OF THE MEMBERSHIP. 9 7 503 0 2861839 0 0 0 177961325 227893570 6075407 1242919 898508 4051 184935240 229140540 0 0 47014729 51862176 32305344 39009212 0 0 0 74214882 85699524 153534955 176570912 31400285 52569628 2671699264 3243296233 2404235569 2923620549 267463695 319675684 TO HELP OUR MEMBERS ACHIEVE THEIR PERSONAL FINANCIAL OBJECTIVES BY ANTICIPATING THEIR NEEDS AND EXCEEDING THEIR EXPECTATIONS THROUGH SUPERIOR SERVICE AND PRODUCTS. 0 0 PROVIDE OUR MEMBERS DEPOSIT SERVICES FOR THEIR FUNDS TO EARN THEM A FAIR RATE OF RETURN PROVIDE OUR MEMBERS LOAN SERVICES AT A FAIR RATE OF INTEREST PROVIDE OUR MEMBERS ACCESS TO CHECK SERVICES AND OTHER FINANCIAL PRODUCTS. 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 1 0 0 0 0 0 0 0 0 1 1 0 0 1 37381 0 503 1 1 1 0 0 0 0 0 0 0 X 9 7 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X X SHEILA POLAK 7156793280 ONE CORPORATE DRIVE STE 700 WAUSAU WI 54401 RON DINS CHAIR 1.00 X X 12626 0 0 KIM SMITH VICE CHAIR 1.00 X X 10740 0 0 KELSI SEUBERT SECRETARY 1.00 X X 9612 0 0 ALITA LOBNER TREASURER 1.00 X X 9200 0 0 TODD MCDONALD DIRECTOR 1.00 X 6665 0 0 STEVEN DEREBEY DIRECTOR 1.00 X 6400 0 0 STEVEN ZEINEMAN DIRECTOR 1.00 X 6200 0 0 TOM SEUNTJENS DIRECTOR 1.00 X 6200 0 0 SHANNA YONKE DIRECTOR 1.00 X 6200 0 0 JDAVID CHRISTENSON CEO/PRESIDENT 50.00 X 1104381 0 31998 BOYD J GUSTKE CEO/PRESIDENT 50.00 X 577258 0 70096 DARYL R GESSLER CRO 50.00 X 372549 0 50287 DAVID STARK CHIEF OF STAFF 50.00 X 364684 0 18921 CHAD E ROGERS EVP/COO 50.00 X 326023 0 67552 MARY J BURGOYNE CFO 50.00 X 319706 0 56956 JESSICA HUGGENVIK CHRO 50.00 X 238898 0 56805 ERIC HUSEBY CLO 50.00 X 232969 0 60586 PAUL ZYLA SVP BUSINESS TECHNOLOGY 50.00 X 244190 0 47381 SHELIA POLAK SVP FINANCE 50.00 X 162692 0 55227 ADAM DYKMAN VP MEMBER SERVICES 50.00 X 159953 0 54824 JAMES MCKISSICK VP DIGITAL MARKETING 50.00 X 156158 0 44999 LAMONT BONHAM SVP ENTERPRISE RISK MANAGEMENT 50.00 X 154663 0 40366 4487967 0 655998 24 0 1 0 FISERV INC PO BOX 300016 DULUTH GA 30096 CORE AND DEBIT CARD PROCESSING 1730702 ALKAMI TECHNOLOGY INC DEP 2223 PO BOX 122223 DALLAS TX 753122223 DIGITAL BANKING 1154900 SALESFORCECOM INC 415 MISSION ST 3RD FLOOR SAN FRANCISCO CA 94105 CRM SOFTWARE 998769 SILVERLINE 860 BROADWAY 5TH FLOOR NEW YORK NY 10003 CONSULTANT FOR CRM 978326 CDW DIRECT PO BOX 75723 CHICAGO IL 60675 HARDWARE/SOFTWARE 951377 47 INTEREST INCOME ON LOANS 522100 193558207 193558207 OTHER INCOME 522100 29475216 26622917 2852299 FEE INCOME 522100 4860147 4850607 9540 227893570 861317 861317 394609 0 13007 394609 -13007 381602 381602 OTHER NON-OPERATING INCOME 522100 4051 4051 4051 229140540 225031731 2861839 1246970 51862176 4023512 24198118 1660525 7070930 2056127 1731881 163928 22075 7722506 1033722 4449089 3132082 508799 278387 1894812 LOAN SERVICING 45053758 PROVISION FOR LOAN LOSS 13492847 OTHER EXPENSES 5987038 OPERATING FEES 228600 176570912 167116018 267832486 9333000 1218000 14868717 22838857 2340913643 2796229565 1172893 4033602 22251140 12011349 10869727 10239791 9799782 3508879 9824901 9881333 9732921 8645413 98067662 118868307 2671699264 3243296233 22326417 31762720 30000000 538909 2351909152 2891318920 2404235569 2923620549 X 0 0 0 0 267463695 319675684 267463695 319675684 2671699264 3243296233 52569628 -357639 0 X X 0 1 X 1 0 2334383 2334383 7514858 3450704 4064154 2872070 1126317 1745753 9529829 7434328 2095501 10239791 REGULAR SHARE ACCOUNTS 375479386 MONEY MARKET ACCOUNTS 283325872 SHARE DRAFT ACCOUNTS 312788024 IRA SHARE ACCOUNTS 52931685 SHARE AND IRA CERTIFICATES 1866793953 2891318920 X 229153547 13007 13007 229140540 0 229140540 176583919 13007 13007 176570912 0 176570912 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER 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 AND HAS A NET OPERATING LOSS CARRYFORWARD. 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 CONSOLIDATED 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. THE INCOME FROM THE CUSO, ORGANIZED AS AN LLC, FLOWS THROUGH TO THE CREDIT UNION. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS PART XI, LINE 2D & PART XII, LINE 2D LOSS ON SALE OF ASSETS - $13,007 X 1 1 X X X X X X 1 1 0 JDAVID CHRISTENSON CEO/PRESIDENT 184371 0 150000 0 770010 0 15933 0 16065 0 1136379 0 0 0 BOYD J GUSTKE CEO/PRESIDENT 498116 0 75000 0 4142 0 28300 0 41796 0 647354 0 0 0 DARYL R GESSLER CRO 297475 0 54696 0 20378 0 21807 0 28480 0 422836 0 0 0 CHAD E ROGERS EVP/COO 275786 0 48533 0 1704 0 27928 0 39624 0 393575 0 0 0 DAVID STARK CHIEF OF STAFF 33343 0 37500 0 293841 0 14112 0 4809 0 383605 0 0 0 MARY J BURGOYNE CFO 266934 0 47813 0 4959 0 28300 0 28656 0 376662 0 0 0 JESSICA HUGGENVIK CHRO 207176 0 30938 0 784 0 22168 0 34637 0 295703 0 0 0 ERIC HUSEBY CLO 196345 0 35025 0 1599 0 23323 0 37263 0 293555 0 0 0 PAUL ZYLA SVP BUSINESS TECHNOLOGY 154612 0 35438 0 54140 0 14707 0 32674 0 291571 0 0 0 SHELIA POLAK SVP FINANCE 146751 0 15351 0 590 0 13021 0 42206 0 217919 0 0 0 ADAM DYKMAN VP MEMBER SERVICES 137499 0 21750 0 704 0 16592 0 38232 0 214777 0 0 0 JAMES MCKISSICK VP DIGITAL MARKETING 138483 0 15351 0 2324 0 15691 0 29308 0 201157 0 0 0 LAMONT BONHAM SVP ENTERPRISE RISK MANAGEMENT 139012 0 14162 0 1489 0 15133 0 25233 0 195029 0 0 0 PART I, LINE 1A RON DINS - SPOUSAL MEALS $426 TODD MCDONALD - SPOUSAL MEALS $265 KELSI SEUBERT - SPOUSAL MEALS $212 PART I, LINES 4A-B PAUL ZYLA - SEVERANCE PAYMENT - $33,233 J DAVID CHRISTENSON - SEVERANCE PAYMENT - $675,000 DAVID STARK - SEVERANCE PAYMENT - $279,450 J DAVID CHRISTENSON - NONQUALIFIED PLAN - PARTICIPATED, NO DISTRIBUTIONS BOYD GUSTKE - NONQUALIFIED PLAN - PARTICIPATED, NO DISTRIBUTIONS DARYL GESSLER - NON-QUALIFIED PLAN - PARTICIPATED, NO DISTRIBUTIONS CHAD ROGERS - NON-QUALIFIED PLAN - PARTICIPATED, NO DISTRIBUTIONS DOUGLAS YOUNG FORMER CEO/PRESIDENT SPLIT DOLLAR X 5080241 5098403 0 1 1 J DAVID CHRISTENSON FORMER CEO/PRESIDENT SPLIT DOLLAR X 6300000 6244120 0 1 1 BOYD GUSTKE CEO/PRESIDENT SPLIT DOLLAR X 9729000 9776138 0 1 1 CHAD ROGERS EVP/COO SPLIT DOLLAR X 1700000 1720196 0 1 1 22838857 FORM 990, PART VI, SECTION A, LINE 2 MARY BURGOYNE (CFO) AND JESSICA HUGGENVIK (CHRO) ARE MOTHER AND DAUGHTER. J DAVID CHRISTENSON (FORMER CEO) AND WILLIAM MECH (VP-ENTERPRISE RISK CONTROL) ARE BROTHER-IN-LAWS. FORM 990, PART VI, SECTION A, LINE 6 CONNEXUS CREDIT UNION IS OWNED AND OPERATED BY ITS MEMBERS. A MEMBER MUST MEET FIELD OF MEMBERSHIP RESTRICTIONS AND DEPOSIT AT LEAST FIVE DOLLARS IN THEIR SHARE ACCOUNT. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS WOULD NEED TO APPROVE CERTAIN DECISIONS SUCH AS NAME CHANGE OR MERGER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND THEN REVIEWED INTERNALLY PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C NOTICES ARE SENT TO ALL EMPLOYEES AND DIRECTORS REQUESTING INFORMATION ON ALL POSSIBLE CONFLICTS OF INTEREST THAT MAY EXIST. IN ADDITION, EACH EMPLOYEE MUST REVIEW A PRESENTATION ON CONFLICTS OF INTEREST SO THEY UNDERSTAND THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 FORM 990 PART VI LINE 15A: CONNEXUS OBTAINS A SALARY SURVEY BASED ON JOB DUTIES AND GEOGRAPHIC LOCATION, BROKEN DOWN BY ASSET SIZE AND EMPLOYEE COUNTS, ALONG WITH INDUSTRY SPECIFIC SALARY STUDIES. CONNEXUS MESHES ALL OF THIS INFORMATION WITH JOB PERFORMANCE AND GOAL ACHIEVEMENT TO OBTAIN A POTENTIAL SALARY INCREASE RANGE FOR THAT POSITION GRADE LEVEL. THIS INFORMATION IS REVIEWED BY THE BOARD'S EXECUTIVE COMMITTEE AND THE COMPENSATION DEPARTMENT FOR APPROVAL. ANY SALARY CHANGES THAT EXCEED ESTABLISHED RANGES FOR A PARTICULAR GRADE LEVEL NEED FURTHER APPROVAL. FORM 990 VI, LINE 15B: CONNEXUS OBTAINS A SALARY SURVEY BASED ON JOB DUTIES AND GEOGRAPHIC LOCATION, ALONG WITH INDUSTRY SPECIFIC SALARY STUDIES. CONNEXUS MESHES ALL OF THIS INFORMATION WITH JOB PERFORMANCE AND GOAL ACHIEVEMENT TO OBTAIN A POTENTIAL SALARY INCREASE RANGE FOR THAT POSITION GRADE LEVEL. THIS INFORMATION IS REVIEWED BY THE CEO AND THE COMPENSATION DEPARTMENT FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE LOBBIES OF THE ORGANIZATION AND PROVIDED IN THE ANNUAL REPORTS AND ANNUAL MEETING. FINANCIAL INFORMATION IS ALSO PROVIDED TO OUR FEDERAL REGULATOR, NCUA, WHO POSTS THIS INFORMATION ON THE NCUA WEBSITE FOR PUBLIC VIEWING. OTHER DOCUMENTS SUCH AS HMDA, CONFLICT OF INTEREST, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST, SOME OF WHICH ARE MAINTAINED BY THE WISCONSIN OFFICE OF CREDIT UNIONS. FORM 990 PART XII LINE 2C PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FINANCIAL INSTITUTION LENDING OPTIONS LLC 550 BAY VIEW ROAD SUITE A MUKWONAGO WI 53149 870771221 LOAN ORIGINATOR WI 909436 10615212 CONNEXUS CREDIT UNION GLORON INSURNACE GROUP LLC 2600 PINERIDGE BLVD WAUSAU WI 54401 842640872 PERSONAL INSURANCE WI CONNEXUS CREDIT UNION -1084792 814703 0 0 0.79000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0