2020-07-14T15:04:38-07:00 2019-12-31 990 2019-01-01 420670685 DUTRAC COMMUNITY CREDIT UNION DUTR 5635821331 3465 ASBURY ROAD PO BOX 3250 DUBUQUE IA 520043250 DEBRA REIFF ASSISTANT CONTROLLER 5635858460 2020-07-14 108.178.221.130 2019 2022-02-16 14:24:37Z ANDREW HAWKINSON 3465 ASBURY RD PO BOX 3250 DUBUQUE IA 520043250 42352968 0 X www.dutrac.org X 1942 IA PROMOTING THRIFT AMONG CREDIT UNION MEMBERS 9 9 194 9 580449 580449 0 0 30658606 39423549 2933168 2273692 707899 655727 34299673 42352968 0 0 0 0 10205107 10123392 0 0 0 16301995 20942284 26507102 31065676 7792571 11287292 709629061 755987525 620699135 653890922 88929926 102096603 PROMOTING THRIFT AMONG MEMBERS 0 0 31065676 42352968 GRANTING AFFORDABLE LOANS, PROMOTING SAVINGS AND THRIFT AMONG 47685 MEMBERS. SEE 4A SEE 4A 0 0 0 31065676 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 77 0 1 194 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X DEBRA REIFF ASSISTANT CONTROLLER 5635821331 3465 ASBURY ROAD PO BOX 3250 DUBUQUE IA 520043250 ANDREW HAWKINSON PRESIDENT/CEO 40 0 X 454925 0 0 JULIE SOUCINEK SENIOR MORTGAGE LOAN CON 40 0 X 163689 0 0 JASON NORTON SVP - MARKETING 40 0 X 157972 0 0 MICHELLE A ARISS SVP FINANCE 40 0 X 155597 0 0 RONALD KINSELLA SENIOR VP LENDING 40 0 X 138063 0 0 ANDREW LASSEN SVP - IT 40 0 X 130468 0 0 GREGORY HILL MORTGAGE MANAGER 40 0 X 128331 0 0 LEE HOERNER SVP - MEMBER SERVICE 40 0 X 122708 0 0 JEFFREY WALLER COMMERCIAL LENDING MANAGER 40 0 X 115053 0 0 TRAVIS PHELAN COMMERCIAL LENDER 40 0 X 110382 0 0 Megan Kelleher-Egan SVP Human Resources 40 0 X 106793 0 0 KIM ADAMS SENIOR VP OPERATIONS 40 0 X 94543 0 0 HARLAN PEDRETTI DIRECTOR 2 0 X 1069 0 0 DANIEL DEUTMEYER CFO/TREASURER 3 0 X 0 0 0 MICHAEL READY DIRECTOR 2 0 X 0 0 0 SCOTT NEYENS CHAIRMAN 4 0 X 0 0 0 JOHN VAIL SECRETARY 2 0 X 0 0 0 KEVIN MUELLER SECRETARY 2 0 X 0 0 0 NICHOLAS SPECHT DIRECTOR 2 0 X 0 0 0 DAVID EGGERS VICE CHAIR 2 0 X 0 0 0 SUSAN KERN DIRECTOR 2 0 X 0 0 0 LINDA MACDONALD DIRECTOR 0 0 X 0 0 0 1879593 0 0 11 1 1 0 FISERV 75 REMITTANCE DR SUITE 6962 CHICAGO IL 606756962 COMPUTER TECHNOLOGY 1641624 DATA BUSINESS EQUIPMENT 10513 BEUMA VISTA COURT DES MOINES IA 503223783 BUSINESS EQUIPMENT 686122 KIRK GROSS CO PO BOX 2097 WATERLOO IA 507042097 CONSTRUCTION 381664 CONVERGINT TECHNOLOGIES LLC 35257 EAGLE WAY CHICAGO IL 606781352 TECHNOLOGY 242392 LANGE SIGN GROUP 1780 IL ROUTE 35N EAST DUBUQUE IL 610259681 SIGN CO 225288 11 0 0 0 0 0 0 0 0 LOANS TO MEMBERS 522130 26568467 26568467 0 0 FEES AND INCOME 522130 12855082 12855082 0 0 0 0 0 0 39423549 2155239 2155239 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 166137 -47684 0 0 166137 -47684 118453 118453 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DUTRAC FINANCIAL GROUP 523999 491097 0 491097 0 FIRST COMMUNITY TRUST 523999 45435 0 45435 0 ATM SURCHARGE TO NON-MEMBER 522130 43917 0 43917 0 75278 75278 0 0 655727 42352968 41772519 580449 0 X 0 0 0 0 0 0 0 0 1879593 1879593 0 0 0 0 0 0 6185663 6185663 0 0 299888 299888 0 0 1209429 1209429 0 0 548819 548819 0 0 83512 83512 0 0 32992 32992 0 0 58713 58713 0 0 0 0 0 0 0 0 0 0 0 0 1312266 1312266 0 0 1291289 1291289 0 0 3252784 3252784 0 0 0 0 0 0 0 0 0 0 1716625 1716625 0 0 164910 164910 0 0 0 0 0 0 0 0 0 0 0 0 0 0 59282 59282 0 0 0 0 0 0 0 0 0 0 LOAN SERVICING EXP/PROVISION FOR LOAN LOSS 3509472 3509472 0 0 COST OF FUNDS 6962182 6962182 0 0 UBIT TAX 33400 33400 0 0 MISCELLANEOUS EXPENSE 2464857 2464857 0 0 31065676 31065676 0 0 7252190 8153004 0 0 1626597 1789910 2557165 2753723 0 0 586318109 621881586 0 0 1951187 1763754 28582077 16168303 11935782 12413774 84786635 90548811 0 0 0 13201396 16682963 709629061 755987525 4802900 6780449 0 0 0 0 615896235 647110473 620699135 653890922 X 0 0 41636031 49476916 47293895 52619687 88929926 102096603 709629061 755987525 11287292 1879385 0 0 0 0 X 0 1 1 0 3779532 0 3779532 17473166 0 11186145 6287021 753367 0 90768 662599 6499020 0 4883691 1615329 76992 0 7699 69293 12413774 0 TOTAL SHARES AND DEPOSITS 647110473 647110473 42352968 0 0 0 0 0 42352968 0 0 0 42352968 31065676 0 0 0 0 0 31065676 0 0 0 31065676 X X 1 1 X X X X 0 0 0 HARLAN PEDRETTI DIRECTOR 0 0 0 0 1069 0 0 0 0 0 1069 0 0 0 ANDREW HAWKINSON PRESIDENT/CEO 425001 0 31051 0 7917 0 0 0 -9044 0 454925 0 0 Megan Kelleher-Egan SVP Human Resources 112009 0 2346 0 474 0 0 0 -8036 0 106793 0 0 0 JASON NORTON SVP - MARKETING 156203 0 3063 0 1339 0 0 0 -2633 0 157972 0 0 0 ANDREW LASSEN SVP - IT 135469 0 2748 0 398 0 0 0 -8147 0 130468 0 0 0 LEE HOERNER SVP - MEMBER SERVICE 128540 0 2643 0 565 0 0 0 -9040 0 122708 0 0 0 RONALD KINSELLA SENIOR VP LENDING 139123 0 2783 0 1164 0 0 0 -5007 0 138063 0 0 0 KIM ADAMS SENIOR VP OPERATIONS 93517 0 1971 0 695 0 0 0 -1640 0 94543 0 0 0 GREGORY HILL MORTGAGE MANAGER 82811 0 52185 0 209 0 0 0 -6874 0 128331 0 0 0 MICHELLE A ARISS SVP FINANCE 110533 0 52357 0 300 0 0 0 -7594 0 155596 0 0 0 JULIE SOUCINEK SENIOR MORTGAGE LOAN CON 53014 0 114554 0 141 0 0 0 -4020 0 163689 0 0 0 JEFFREY WALLER COMMERCIAL LENDING MANAGER 115460 0 1792 0 501 0 0 0 -2700 0 115053 0 0 0 TRAVIS PHELAN COMMERCIAL LENDER 106136 0 12177 0 195 0 0 0 -8127 0 110381 0 0 0 Schedule J, Part I, Line 1a COUNTRY CLUB DUES FOR PRES/CEO. TRAVEL FOR DIRECTOR'S SPOUSE. ANDREW HAWKINSON PRESIDENT/CEO CREDIT UNION LOAN TO MEMBER X 547055 501013 0 1 1 RONALD KINSELLA SVP LENDING CREDIT UNION LOAN TO MEMBER X 207000 180996 0 1 1 LEE HOERNER SVP MEMBER SERVICES CREDIT UNION LOAN TO MEMBER X 312197 241145 0 1 1 MEGAN KELLEHER-EGAN SVP HUMAN RESOURCES CREDIT UNION LOAN TO MEMBER X 65543 58791 0 1 1 JASON NORTON SVP MARKETING CREDIT UNION LOAN TO MEMBER X 49727 25622 0 1 1 ANDREW LASSEN SVP IS CREDIT UNION LOAN TO MEMBER X 441051 448682 0 1 1 KIM ADAMS SVP FACILITIES CREDIT UNION LOAN TO MEMBER X 2 15255 0 1 1 DANIEL DEUTMEYER CFO/TREASURER CREDIT UNION LOAN TO MEMBER X 76876 44024 0 1 1 DAVID EGGERS VICE CHAIR CREDIT UNION LOAN TO MEMBER X 1 2813 0 1 1 SUSAN K KERN DIRECTOR CREDIT UNION LOAN TO MEMBER X 1 100 0 1 1 MICHELLE ARISS VP FINANCE CREDIT UNION LOAN TO MEMBER X 227170 228629 0 1 1 SCOTT NEYENS CHAIRMAN CREDIT UNION LOAN TO MEMBER X 383458 355982 0 1 1 NICHOLAS SPECHT DIRECTOR CREDIT UNION LOAN TO MEMBER X 167303 127214 0 1 1 GREGORY HILL MORTGAGE MANAGER CREDIT UNION LOAN TO MEMBER X 268002 239878 0 1 1 TRAVIS PHELAN COMMERCIAL LENDER CREDIT UNION LOAN TO MEMBER X 34745 111132 0 1 1 JULIE SOUCINEK SENIOR MORTGAGE LOAN CONSULTANT CREDIT UNION LOAN TO MEMBER X 193601 172447 0 1 1 2753723 Form 990, Part VI, Section A, Line 6 The Credit Union is owned equally by each of its 47,685 members. There are no stockholders. Form 990, Part VI, Section A, Line 7a The Credit Union is owned equally by each of its members and does not have stockholders. However, each member has one vote which they can use to elect Board and committee Members. Form 990, Part VI, Section A, Line 7b Only in special circumstances such as mergers, the members of the merging credit union would have to approve the unification. Form 990, Part VI, Section B, Line 11b It is reviewed by the CEO, Board Executive Committee, and Controller who prepared the filing. Form 990, Part VI, Section B, Line 12c THE CREDIT UNION HAS AN INTERNAL AUDITOR AND ALSO A COMPLIANCE OFFICER TO INSURE THE POLICIES ARE REGULARLY UPDATED AND ADHERED TO BY ALL STAFF REGARDLESS OF THE SENIORITY OR POSITION. Form 990, Part VI, Section B, Line 15 THE DECISIONS INVOLVING THE CEO OR TOP EXECUTIVE ARE USUALLY HANDLED BY A SPECIAL COMMITTEE (SEARCH COMMITTEE IN THE CASE OF A NEW HIRE.) OR BOARD OF DIRECTORS FOR REGULAR PERIODIC DECISIONS SUCH AS COMPENSATION, BENEFITS, AND PERKS. Form 990, Part VI, Section C, Line 19 THE ACCOUNTING RECORDS ARE MAINTAINED BY THE CONTROLLER WHO SHARES FINANCIAL REPORTS WITH THE CEO/BOARD. ADDITIONALLY CURRENT FINANCIAL STATEMENTS ARE ALSO DISPLAYED IN THE MAIN LOBBY AREA OF THE MAIN BRANCH FOR THE BENEFIT OF ALL MEMBERS. Form 990, Part IX, Line 11g DESTRUCTIONS OF RECORDS, IRA SERVICE FEES, ACH SERVICES FEES, IOWA TRANSFER SYSTEM, ATM SUPPLIES EXPENSE, SHARE DRAFT EXPENSE, ECOPLUS EXPENSE, SHARE DRAFT PRINTING EXPENSE, ONLINE BILLPAYER EXPENSE, AND OUTSIDE COURIER AND SECURITY SERVICE.