2020-10-08T12:56:34-05:00 2019-12-31 390912608 HAWKINS ASH CPAS LLP 520 N BROADWAY SUITE 250 GREEN BAY WI 54303 990 2019-01-01 390860994 SIMPLICITY CREDIT UNION SIMP 7153873702 222 UPHAM AVENUE MARSHFIELD WI 544490790 NICK FABER CFO 7152076801 2020-09-28 1 JEFFREY DANEN P01236582 9203369850 192.55.242.200 2020-09-28 08:45:43 CD P C1549D9ADAC89BAB07F3B78CEB00B58B49240047 377D763014E352B107835AEFA6100F4621694339 2019 2021-04-22 16:20:28Z PATRICIA WESENBERG 222 UPHAM AVENUE MARSHFIELD WI 54449 15777500 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 9 108 9 47206 0 0 0 12914675 14396015 998965 1140462 750 40142 13914390 15576619 0 0 0 0 5188494 6173903 0 0 0 6047391 7187476 11235885 13361379 2678505 2215240 248218049 275577534 219349614 244082179 28868435 31495355 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 1 0 0 0 0 0 0 0 0 1 0 0 0 1 5540 0 1 108 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 1 1 1 X PATRICIA WESENBERG 7153873702 222 UPHAM AVENUE MARSHFIELD WI 544490790 RICHARD VOIGT CHAIRMAN 1.00 X X 2095 0 0 MARK PAGE VICE CHAIR 0.75 X X 795 0 0 JOHN WELTER DIRECTOR 0.50 X 565 0 0 HERB STEPHANI DIRECTOR 0.50 X 700 0 0 TOM MCCARTEN DIRECTOR 0.50 X 465 0 0 SUE SHULFER SECRETARY/TREASURER 0.75 X X 965 0 0 KAYLA ROMBALSKI DIRECTOR 0.50 X 565 0 0 BOBBI BRADLEY DIRECTOR 0.50 X 465 0 0 IILEE PEDERSON DIRECTOR 0.50 X 300 0 0 PATRICIA WESENBERG PRESIDENT/CEO 40.00 X 509417 0 5957 KELLY KORTH CHIEF EXPERIENCE OFFICER 40.00 X 133034 0 5356 MICHAEL KOCEJA CHIEF TECHNOLOGY OFFICER 40.00 X 120609 0 1200 NICHOLAS FABER CHIEF FINANCIAL OFFICER 40.00 X 127376 0 4255 ALAN BERGSTROM CEO - EXCLAMATION SERVICES 40.00 X 105767 0 900 JASON BUCHINGER FINANCIAL ADVISOR 40.00 X 191421 0 7109 1194539 0 24777 6 0 1 0 FISERV 75 REMITTANCE DRIVE SUITE 1649 CHICAGO IL 60675 DEBIT CARD PROCESSING, COMPUTER MAIN FRA 1143494 Q2 PO BOX 205970 DALLAS TX 75320 ONLINE/HOME BANKING 478782 DOXIM INC 747 EAST WHITCOMB AVE MADISON HEIGHTS MI 48071 STATMENT PRODUCTION AND MAILING 144095 SPECTRUM BUSINESS-CHARTER COMMUNICATIONS PO BOX 94188 PALATINE IL 600944188 PHONE/INTERNET PROVIDER 111958 4 INTEREST ON LOANS 522100 9950883 9950883 FEE INCOME 522100 2764690 2757326 7364 INTERCHANGE 522100 1152254 1152254 OTHER OPERATING 522100 517137 517137 11051 11051 14396015 1140462 1140462 300 0 300 300 300 200881 200881 0 MANAGEMENT SERVICES 522100 39842 39842 39842 15576619 14388951 47206 1140462 X 1194539 3155630 275043 1212030 336661 497533 2591 48041 57475 351169 128678 628242 384980 184351 11863 231714 700293 DIVIDENDS ON SHARES 870941 PROVISION FOR BAD DEBT 614461 DEBIT/CREDIT CARD EXPEN 600277 OTHER EXPENSES 469923 1404944 13361379 3068194 5587905 29524811 37182290 258953 122168 1998700 2873371 184214893 206225914 47220 666655 741545 15076807 6588878 8465784 8487929 13133828 7354395 2630634 2727155 4255597 4227642 248218049 275577534 3396951 15501368 15275 215952663 228565536 219349614 244082179 X 0 0 4469849 4469849 24398586 27025506 28868435 31495355 248218049 275577534 2215240 411680 0 X 0 1 X 1 0 610537 610537 8912228 2176993 6735235 5231190 4111418 1119772 322852 300467 22385 8487929 SHARES 228613398 OTHER LIABILITIES(DETAIL)-990 -47862 228565536 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, 2018 AND 2017, 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. X X 1 1 X X X 0 1 0 PATRICIA WESENBERG PRESIDENT/CEO 267272 0 45964 0 196181 0 4757 0 1200 0 515374 0 0 0 JASON BUCHINGER FINANCIAL ADVISOR 0 0 191421 0 0 0 5909 0 1200 0 198530 0 0 0 PART I, LINE 1A CONTRACTUAL OBLIGATION. PART I, LINE 1B GROUP LIFE/SPLIT DOLLAR PART I, LINE 4B PATRICIA WESENBERG PARTICIPATES IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN. THE BALANCE DUE ON THE PLAN WAS APPROXIMATELY $513,000 AS OF 12/31/19. PATRICIA WESENBERG PRESIDENT/CEO SPLIT DOLLAR LIFE INSURANCE POLICY X 2862320 2873371 0 1 1 2873371 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE INDIVIDUALS LIVING OR WORKING IN ADAMS, CLARK, JACKSON, MARATHON, PORTAGE, SHAWANO, WAUPACA, WAUSHARA, 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, AND STOCKHOLDERS OR PATRONS OF THE TOMORROW VALLEY CO-OP. 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 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 IX, LINE 24E HOME BANKING EXPENSE 456,421. LOAN ORIGINATION AND SERVICING 388,384. TELEPHONE 131,583. POSTAGE 121,899. DUES 82,716. SURETY BOND EXPENSE 79,919. SERVICE CHARGES 63,044. MISC WRITE OFFS 48,056. DEFERRED COMPENSATION EXPENSE 17,878. TAXES 14,336. CASH OVER & SHORT 1,068. INTEREST EXPENSE 152. ATM CASH OVER & SHORT -512. EXCLAMATION SERVICES LLC 222 E UPHAM STREET MARSHFIELD WI 54449 352636767 ADMINISTRATIVE AND SUPPORT SERVICES WI -49878 116063 SIMPLICITY CREDIT UNION