2020-06-02T08:42:01-05:00 2019-12-31 390758449 WIPFLI LLP PO BOX 8010 WAUSAU WI 544028010 990 2019-01-01 390823125 WESTCONSIN CREDIT UNION WEST 7152353403 3227 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 LORA BENRUD CEO 7152353403 2020-05-28 1 MARY A COATES CPA P00134220 7158453111 2020-05-28 24.240.116.52 2020-05-28 18:49:09 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BA1B6B71409BCBA719E7BBFC6116F39ABC0DB0A7 2019 2020-04-17 16:48:07Z LORA BENRUD 3227 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 86780362 0 2157 X WESTCONSINCU.ORG X 1938 WI WESTCONSIN CREDIT UNION IS COMMITTED TO HELPING OUR MEMBERS ACHIEVE FINANCIAL SUCCESS. 7 7 498 7 4233429 41560 0 0 64865899 75019675 6129533 3845431 3672730 4285787 74668162 83150893 136092 130121 0 0 27860985 31596681 0 0 0 33303920 39483195 61300997 71209997 13367165 11940896 1238550631 1336372119 1086456153 1169373377 152094478 166998742 X THE ORGANIZATION 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 PROVIDED LOW-COST FINANCIAL SERVICES TO 101,200 MEMBERS. SERVED MEMBERS' INTERESTS BY ACCEPTING DEPOSITS, GRANTING LOANS, AND INVESTING EXCESS FUNDS IN A PRUDENT MANNER. PROVIDED OVER 21,000 LOANS FOR OVER $545 MILLION TO MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 58990 0 1 498 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X LORA BENRUD 7152353403 3333 SCHNEIDER AVENUE MENOMONIE WI 54751 DALE DAHLKE BOARD MEMBER 5.00 X 7325 0 0 TODD LEIPNITZ BOARD MEMBER 5.00 X 7300 0 0 COLLEEN MENSING BOARD MEMBER 5.00 X 7300 0 0 DAVID MAVES CHAIRPERSON 5.00 X X 7325 0 0 GERALD WOLF VICE-CHAIRPERSON 5.00 X X 7300 0 0 KAREN FLUG SECRETARY 5.00 X X 6100 0 0 LYNN BRANTNER SECRETARY (THRU MARCH) 5.00 X X 1450 0 0 RITA LUNDERVILLE TREASURER 5.00 X X 7300 0 0 LORA BENRUD CEO 40.00 X 456199 0 73815 JERILYN KINDERMAN CFO 40.00 X 211294 0 62720 STEPHANIE RASMUSSEN CXO 40.00 X 135906 0 43813 MICHAEL TOMASEK CIO 40.00 X 194544 0 30348 JIM WOOKEY COO 40.00 X 186765 0 59249 NICOLE YARRINGTON CTO 40.00 X 166649 0 26180 SCOTT GILTNER CLO 40.00 X 84381 0 23880 MARK WILLER CLO (THRU SEPTEMBER) 40.00 X 159764 0 37583 TIMOTHY CARLSON VP - WESTCONSIN INVESTMENT 40.00 X 207671 0 32187 MARK FALTEISEK SR BUSINESS LOAN OFFICER 40.00 X 126810 0 42559 JENNIFER LARSON MORTGAGE LOAN ORIGINATOR 40.00 X 168685 0 27210 RUSSELL BLASIUS SENIOR VP - RETAIL OPERATIONS 40.00 X 145999 0 49317 JAMES WYNN VP - BUSINESS LOANS & SERVICES 40.00 X 142676 0 50503 2438743 0 559364 12 0 1 0 HOEFT BUILDERS INC 2423 RIVERS EDGE DRIVE STE 1 ALTOONA WI 54720 BUILDING CONTRACTOR 6511489 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 DEBIT & CREDIT CARD SERVICES 2009906 FISERV SOLUTIONS OF USA INC 255 FISERV DR BROOKFIELD WI 53008 IT SOLUTIONS 1458936 NCR CORPORATION 864 SPRING ST NW ATLANTA GA 30308 MOBILE AND ONLINE BANKING 1270653 CDW DIRECT PO BOX 75723 CHICAGO IL 60675 HARDWARE, SOFTWARE, IT SERVICES 646233 39 LOAN INTEREST INCOME 522100 53100922 53100922 FEE INCOME 522100 18431676 18388808 42868 MORTGAGE SERVICING INCOME 900099 2781334 2781334 MEMBER FINANCIAL INCOME 525990 705743 705743 75019675 4037000 4037000 95226 0 95226 95226 95226 3437900 3423270 206199 14630 -206199 -191569 -191569 REALTY COMMISSION INCOME 531390 2871193 2871193 TITLE SERVICE INCOME 531390 1319368 1319368 4190561 83150893 74785238 4233429 4132226 118121 12000 2004490 22669827 2136426 3177751 1608187 769 209343 14589 759812 1834098 2181960 3441904 1568819 299613 420784 2203283 91750 DIVIDENDS ON MEMBER ACC 11391885 BAD DEBT EXPENSE 6158820 LOAN SERVICING EXPENSE 5449063 DEBIT CARD EXPENSE 2203679 1253024 71209997 6182137 8224228 81807007 114748404 3408111 3526031 989630067 1053562359 781739 863141 50567441 17699557 25000205 32867884 104045410 83298565 6550944 19351622 2903991 3441073 18241020 16488812 1238550631 1336372119 8780507 29446717 1077675646 1139926660 1086456153 1169373377 X 0 0 0 0 152094478 166998742 152094478 166998742 1238550631 1336372119 X 11940896 514073 2449295 X 0 0 0 1 X 5316014 5316014 26214350 9853248 16361102 388783 353902 34881 18648294 7492407 11155887 32867884 DEPOSITS 1139926660 1139926660 PART IV, LINE 2B: THE ORGANIZATION IS THE TRUSTEE OF CERTAIN MEMBER'S ESCROW FUNDS AND HAS RESPONSIBILITY FOR THE ADMINISTRATION AND DISTRIBUTIONS OF THESE FUNDS FOR MEMBERS OF THE ORGANIZATION. 1 UNITED WAY OF ST CROIX VALLEY 516 SECOND STREET SUITE 214B HUDSON WI 54016 391372545 501(C)(3) 10436 GENERAL DONATION/ASSISTANCE CVTC FOUNDATION INC 620 WEST CLAIREMENT AVE EAU CLAIRE WI 54701 391233557 501(C)(3) 10100 CVTC FINANCIAL LITERACY PROGRAM RIVER FALLS ECONOMIC DEVELOPMENT CORPORATION 222 LEWIS STREET RIVER FALLS WI 54022 391685445 501(C)(3) 10000 GENERAL DONATION/ASSISTANCE UW-EAU CLAIRE FOUNDATION 105 GARFIELD AVE EAU CLAIRE WI 54701 390972350 501(C)(3) 10000 ARTS CENTER DONATION AMERICAN CANCER SOCIETY INC 250 WILLIAMS STREET NW SUITE 400 ATLANTA GA 30303 131788491 501(C)(3) 9250 GENERAL DONATION/ASSISTANCE FILENE RESEARCH INSTITUTE 1010 EAST WASHINGTON SUITE 306 MADISON WI 53703 391645910 501(C)(3) 8000 MEMBERSHIP DONATION MCHS FOUNDATION 1000 N OAK AVE MARSHFIELD WI 54449 812822823 501(C)(3) 6000 REACH OUT & READ PROGRAM UNITED WAY OF DUNN COUNTY PO BOX 3266 MENOMONIE WI 54751 396099810 501(C)(3) 5879 GENERAL DONATION/ASSISTANCE THE SALVATION ARMY 11315 W WATERTOWN PLANK RD WAUWATOSA WI 53226 362167910 501(C)(3) 5025 GRACE PLACE SHELTER 9 0 SCHOLARSHIPS 12 12000 PART I, LINE 2: THE ORGANIZATION KEEPS TRACK OF THE ORGANIZATIONS THAT RECEIVE DONATIONS. X X X X 0 0 0 LORA BENRUD CEO 415190 0 32876 0 8133 0 42000 0 31815 0 530014 0 0 0 JERILYN KINDERMAN CFO 194888 0 15536 0 870 0 30833 0 31887 0 274014 0 0 0 STEPHANIE RASMUSSEN CXO 124869 0 10175 0 862 0 13367 0 30446 0 179719 0 0 0 MICHAEL TOMASEK CIO 180589 0 13655 0 300 0 27057 0 3291 0 224892 0 0 0 JIM WOOKEY COO 171555 0 13920 0 1290 0 27206 0 32043 0 246014 0 0 0 NICOLE YARRINGTON CTO 154592 0 11757 0 300 0 23065 0 3115 0 192829 0 0 0 MARK WILLER CLO (THRU SEPTEMBER) 142874 0 15043 0 1847 0 15080 0 22503 0 197347 0 0 0 TIMOTHY CARLSON VP - WESTCONSIN INVESTMENT 205491 0 200 0 1980 0 28934 0 3253 0 239858 0 0 0 MARK FALTEISEK SR BUSINESS LOAN OFFICER 114828 0 9877 0 2105 0 17961 0 24598 0 169369 0 0 0 JENNIFER LARSON MORTGAGE LOAN ORIGINATOR 168074 0 420 0 191 0 25139 0 2071 0 195895 0 0 0 RUSSELL BLASIUS SENIOR VP - RETAIL OPERATIONS 133139 0 11068 0 1792 0 21068 0 28249 0 195316 0 0 0 JAMES WYNN VP - BUSINESS LOANS & SERVICES 131303 0 10525 0 848 0 20961 0 29542 0 193179 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE FOLLOWING PERSONS SHALL BE ELIGIBLE FOR MEMBERSHIP IN THIS CREDIT UNION: 1. PERSONS RESIDING OR EMPLOYED IN THE FOLLOWING WISCONSIN COUNTIES; BARRON, BUFFALO, BURNETT, CHIPPEWA, CLARK DUNN, EAU CLAIRE, JACKSON, PEPIN, PIERCE, PINE, POLK, RUSK, ST. CROIX, SAWYER, TAYLOR, TREMPEALEAU, AND WASHBURN. 2. PERSONS RESIDING OR EMPLOYED IN THE FOLLOWING MINNESOTA COUNTIES; ANOKA, CHISAGO, DAKOTA, GOODHUE, ISANTI, RAMSEY, WABASHA, AND WASHINGTON. 3. PERSONS WHO ARE EMPLOYEES, MEMBERS OR PATRONS OF ANY COOPERATIVE WITH A PRINCIPAL PLACE OF BUSINESS IN ANY OF THE ABOVE COUNTIES IN WISCONSIN OR MINNESOTA. 4. PERSONS WHO ARE EMPLOYEES, STUDENTS, OR ALUMNI OF ANY UNIVERSITY LOCATED IN ANY COUNTY LISTED IN (B)(1) OR (2) ABOVE, INCLUDING UW-BARRON, UW-EAU CLAIRE, UW-RIVER FALLS, AND UW-STOUT. 5. PERSONS WHO ARE EMPLOYEES, STUDENTS OR ALUMNI OF ANY TECHNICAL COLLEGE LOCATED IN ANY COUNTY LISTED IN (B)(1)(2) ABOVE, INCLUDING CHIPPEWA VALLEY TECHNICAL COLLEGE, DAKOTA COUNTY TECHNICAL COLLEGE, AND WISCONSIN INDIANHEAD TECHNICAL COLLEGE. 6. MEMBERS OF OR CONTRIBUTORS TO ANY ALUMNI ASSOCIATION OR FOUNDATION ASSOCIATED WITH A UNIVERSITY OR TECHNICAL COLLEGE LOCATED IN ANY COUNTY LISTED IN (B)(1) OR (2) ABOVE. 7. ANY EMPLOYEE OF THIS CREDIT UNION. 8. MEMBERS OF THE IMMEDIATE FAMILY OF ALL PERSONS ELIGIBLE FOR MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY ANNUALLY. THE MEMBERS HAVE THE ABILITY (WITH THREE-FOURTHS VOTE) TO REMOVE ANY DIRECTORS OR AMEND THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B AT ANY MEETING OF THE MEMBERS, IF THE NOTICE SO INDICATES, A MAJORITY OF MEMBERS PRESENT MAY DIRECT THE BOARD TO DO ANY OF THE FOLLOWING: 1. CONSIDER IMPLEMENTING ANY POLICY PROPOSED BY THE MEMBERS. 2. RECONSIDER ANY DECISION OF THE DIRECTORS, OFFICERS, OR COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE VP OF ACCOUNTING AND LEAD ACCOUNTANT ACCUMULATES ALL 990 AND 990-T INFORMATION, INCLUDING THE UBIT CALCULATIONS AND PROVIDES TO THE ORGANIZATION'S TAX PREPARER TO PROVIDE THE TAX RETURNS. THESE DOCUMENTS ARE REVIEWED BY THE CFO. THE 990 AND THE 990-T ARE REVIEWED BY THE GOVERNING BODY AND SENIOR MANAGEMENT PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES AND BOARD MEMBERS. IT IS REVIEWED ANNUALLY BY THE GOVERNING BODY AND EMPLOYEES. THE GOVERNING BODY VERIFIES EMPLOYEES ARE IN COMPLIANCE WITH CONFLICT OF INTEREST POLICY. CONFLICTS OF INTEREST ARE DETERMINED AT THE CEO, CORPORATE OFFICERS AND THE BOARD LEVEL IF NECESSARY. THE CONFLICT OF INTEREST POLICY COVERS ALL RESTRICTIONS ARISING IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION RECEIVES SEVERAL ANNUAL SALARY SURVEYS AND SUBSCRIBES TO SERVICES FROM A COMPANY SPECIALIZING IN COMPENSATION TO REVIEW PAY STRUCTURE AND CONTINUALLY PROVIDE THE CREDIT UNION WITH ANNUAL PAY COMPARISONS TO SIMILAR POSITIONS IN THE INDUSTRY. THE ORGANIZATION'S BOARD OF DIRECTORS HAS FINAL APPROVAL OVER THE CEO'S COMPENSATION. THE BOARD OF DIRECTORS ALSO DISCUSS AND APPROVE THE COMPENSATION FOR THE REMAINING EXECUTIVE LEVEL POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME 2,449,295. WESTCONSIN REALTY LLC 3333 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 200157525 REAL ESTATE BROKERAGE SERVICES WI 2871193 2050849 WESTCONSIN CREDIT UNION WESTCONSIN TITLE SERVICES LLC 3333 SCHNEIDER AVENUE SE PO BOX 160 MENOMONIE WI 54751 455377540 GENERAL TITLE SERVICES WI 1319368 1390224 WESTCONSIN CREDIT UNION