2019-04-26T18:44:51-05:00 2018-12-31 811697509 AUDIT THREESIXTY 1202 JOHNSON ST ONALASKA WI 546502008 990 2018-01-01 396050513 NEW CREDIT UNION NEWC 9208482793 301 JACKSON STREET OCONTO FALLS WI 54154 LISA GILLIGAN CEO 9208482793 2019-04-25 true PETER RASMUSSEN P01888997 6083173765 2019-04-26 X 97.88.144.85 2019-04-26 18:44:51 CD P 5FA08F3168DAA0B72D4E7F0D679A1E851BDE6807 5FA08F3168DAA0B72D4E7F0D679A1E851BDE6807 2018 2019-02-21 02:37:17Z LISA GILLIGAN 301 JACKSON ST OCONTO FALLS WI 54154 5906673 false X WWW.NEWCU.ORG X 1962 WI THE MISSION OF N.E.W. CREDIT UNION IS TO: -PROVIDE EXCEPTIONAL SERVICE TO ALL MEMBERS/OWNERS. -OFFER A VARIETY OF PERSONALIZED, CONVENIENT AND QUALITY SERVICES TO ASSIST MEMBER/OWNERS IN REACHING THEIR FINANCIAL GOALS. -PROTECT THE ASSETS OF THE MEMBER/OWNERS AND ASSURE THE FINANCIAL STABILITY OF THE CREDIT UNION. -ENCOURAGE CONTINUING FINANCIAL EDUCATION AND PROVIDE ENRICHMENT OPPORTUNITIES FOR MEMBER/OWNERS OF ALL AGES. -ACTIVELY SERVE THE COMMUNITIES IN WHICH OUR MEMBER/OWNERS LIVE AND WORK. 7 7 52 10 10313 2406 0 3846268 4196633 309726 545224 20908 22301 4176902 4764158 3930 3729 0 1747284 1950139 0 0 2031529 2120902 3782743 4074770 394159 689388 101396757 103140873 89457926 90527627 11938831 12613246 X THE MISSION OF N.E.W. CREDIT UNION IS TO: -PROVIDE EXCEPTIONAL SERVICE TO ALL MEMBERS/OWNERS. -OFFER A VARIETY OF PERSONALIZED, CONVENIENT AND QUALITY SERVICES TO ASSIST MEMBER/OWNERS IN REACHING THEIR FINANCIAL GOALS. -PROTECT THE ASSETS OF THE MEMBER/OWNERS AND ASSURE THE FINANCIAL STABILITY OF THE CREDIT UNION. -ENCOURAGE CONTINUING FINANCIAL EDUCATION AND PROVIDE ENRICHMENT OPPORTUNITIES FOR MEMBER/OWNERS OF ALL AGES. -ACTIVELY SERVE THE COMMUNITIES IN WHICH OUR MEMBER/OWNERS LIVE AND WORK. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 627 NEW MEMBER DEPOSIT ACCOUNTS IN 2018. AS OF 12/31/18 WE HAD 12,249 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 2,081 NEW LOANS TO OUR MEMBERS DURING 2018. AS OF 12/31/18 WE HAD 6,107 LOANS TO OUR MEMBERS. . false false false false false false false true false true false true false true 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 2267 0 true 52 true 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 LISA GILLIGAN 9208482793 301 JACKSON ST OCONTO FALLS WI 54154 WILLIAM KAMKE CHAIR 0.50 X X 0 0 0 KEN HARTER VICE CHAIR 0.50 X X 0 0 0 TAMMY STEFFECK TREASURER 0.50 X X 0 0 0 TAMMIE MCCARTHY SECRETARY 0.50 X X 0 0 0 LELAND NICHOLAS DIRECTOR 0.50 X 0 0 0 DIANE LAPLANT DIRECTOR 0.50 X 0 0 0 JEFF BEHNKE DIRECTOR 0.50 X 0 0 0 LISA GILLIGAN CEO 40.00 X 111973 0 29585 111973 29585 1 false false false FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 DATA PROCESSING 382591 CENTURYLINK 100 CENTURYLINK DRIVE MONROE LA 71203 PHONE/INTERNET 127547 2 INTEREST ON LOANS 522130 3091359 3091359 OTHER MEMBER REVENUE 522130 639427 639427 MEMBER FEE REVENUE 522130 455534 455534 NON-MEMBR ATM&CHK CASH FEES 522130 5130 5130 NON-MEMBER CVR/DMV INCOME 900099 3583 3583 1600 1600 4196633 540790 540790 22301 22301 1084949 62000 1075722 66793 9227 -4793 4434 4434 4764158 4190754 10313 563091 3329 400 111973 1350250 73758 302298 111860 14094 116240 1185224 185305 114539 13089 2597 195505 45132 DIVIDEND EXPENSE 206590 PROVISION FOR LOAN LOSS 42587 4074770 0 0 0 1015292 1154373 13998916 9477082 532683 410480 71397194 76286602 163492 137150 4192389 2678486 1615438 1513903 11623732 13051210 1050010 1110073 101396757 103140873 1103961 1043779 233972 240016 12644 88119993 89231188 89457926 90527627 X 11938831 12613246 11938831 12613246 101396757 103140873 689388 -59597 44624 X false false false false true X 78890 78890 2631505 1423991 1207514 1481994 1254495 227499 1513903 INVESTMENTS W/ MATURITY > 1 YR 12272915 C CAPITAL ACCTS AT CORPORATE CU 760478 C STOCK - WISCUB & SHARED SVC CTR 17817 C 13051210 MEMBER SHARES & CERTIFICATES 89436834 457 B PLAN 34370 ESCROW ACCTS TO LINE 21 BAL SHEET -240016 89231188 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS TO MEMBERS. FORM 990 - ORGANIZATION'S MISSION THE MISSION OF N.E.W. CREDIT UNION IS TO: -PROVIDE EXCEPTIONAL SERVICE TO ALL MEMBERS/OWNERS. -OFFER A VARIETY OF PERSONALIZED, CONVENIENT AND QUALITY SERVICES TO ASSIST MEMBER/OWNERS IN REACHING THEIR FINANCIAL GOALS. -PROTECT THE ASSETS OF THE MEMBER/OWNERS AND ASSURE THE FINANCIAL STABILITY OF THE CREDIT UNION. -ENCOURAGE CONTINUING FINANCIAL EDUCATION AND PROVIDE ENRICHMENT OPPORTUNITIES FOR MEMBER/OWNERS OF ALL AGES. -ACTIVELY SERVE THE COMMUNITIES IN WHICH OUR MEMBER/OWNERS LIVE AND WORK. 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 DATA TO INDEPENDENT PREPARER WHO COMPLETES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCUARCY AND THEN AUTHORIZES THE PREPARER TO E-FILE THE APPROVED RETURN. FORM 990, PAGE 6, PART VI, LINE 12C POLICY IS REVIEWED ANNUALLY AND SIGNED BY EACH MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS USES SALARY SURVEY INFORMATION TO HELP DETERMINE CEO COMPENSATION. THE BOARD DOCUMENTS APPROVAL OF THE CEO COMPENSATION IN THE BOARD MEETING MINUTES. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTORS USES SALARY SURVEY INFORMATION TO HELP DETERMINE KEY EMPLOYEE COMPENSATION. APPROVAL IS NOTED IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY, AND ARE INCLUDED IN THE ANNUAL REPORT PROVIDED AT ANNUAL MEETING.