2019-05-15T15:08:53-05:00 2018-12-31 390758449 WIPFLI LLP PO BOX 8010 WAUSAU WI 544028010 990 2018-01-01 396048473 HERITAGE CREDIT UNION HERI 6082412191 1212 HUXLEY ST MADISON WI 53704 ANITA RAUCH CHIEF EXECUTIVE OFFICER 6082412191 2019-05-14 1 MARY A COATES CPA P00134220 7158453111 2019-05-13 50.50.56.238 2019-05-14 16:39:31 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 83043B5363DC37D2E1A7A13A420E47BEA2481C46 2018 2019-02-21 02:37:17Z ANITA RAUCH 1212 HUXLEY ST MADISON WI 53704 17063132 0 X WWW.HERITAGECU.ORG X 1934 WI SIMPLIFY BANKING, MEET PEOPLE'S FINANCIAL NEEDS, SAVE PEOPLE TIME. 6 6 161 6 59960 20056 0 0 14128684 16075602 843530 951016 26613 23486 14998827 17050104 0 0 0 0 6526352 7029410 0 0 0 6150988 7401829 12677340 14431239 2321487 2618865 338666637 350873855 299650985 309244984 39015652 41628871 HERITAGE CREDIT UNION WILL BE AN INDEPENDENT, CO-OPERATIVE, PREMIER FINANCIAL INSTITUTION WITH A RECOGNIZED BRAND IN THE MARKETS WE SERVE. WE WILL BE THE PREFERRED PLACE WHERE FAMILIES WILL COME TO MEET THEIR FINANCIAL NEEDS, FOR CURRENT AND FUTURE GENERATIONS. 0 0 TO PROMOTE THRIFT & PROVIDE LOW COST LOANS AMONG MEMBERS. THIS IS ACCOMPLISHED ON A CO-OPERATIVE NON-PROFIT BASIS FOR THE BENEFIT OF THE MEMBERSHIP.THE ORGANIZATION HAD 28,793 MEMBERS AT THE END OF 2018 WITH 1,040,704 POTENTIAL MEMBERS. THE ORGANIZATION GRANTED 6,347 LOANS IN 2018. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8281 0 1 161 1 1 1 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 0 1 1 0 1 1 0 0 1 1 1 0 0 X CHELSEA ZASTROW 6082378376 1212 HUXLEY ST MADISON WI 53704 GREG CULLEN DIRECTOR 1.00 X 0 0 0 GREG RICE DIRECTOR 1.00 X 0 0 0 JESSE SANDOVAL CHAIRPERSON 1.00 X 0 0 0 RIICHARD BLOOMENKRANZ VICE CHAIRPERSON 1.00 X X 0 0 0 DAUN MAIER SECRETARY 1.00 X X 0 0 0 MOLLIE BELL TREASURER 1.00 X X 0 0 0 ANITA RAUCH CHIEF EXECUTIVE OFFICER 40.00 X 329664 0 91148 JUSTIN WILLIAMS CHIEF FINANCIAL OFFICER 40.00 X 96601 0 15850 ALAN ZIMPRICH CHIEF FINANCIAL OFFICER (THRU JANUARY) 40.00 X 24087 0 2310 KELLY CHAMBERS DIRECTOR OF INFORMATION TE 40.00 X 159027 0 19848 HEATHER RISTOW CHIEF OPERATING OFFICER 40.00 X 158618 0 13850 KAY PAULSON CHIEF RISK OFFICER 40.00 X 117513 0 58959 DAVE MACINTIRE IT DIRECTOR 40.00 X 102607 0 11931 TROY EWER VP OF OPERATIONS 40.00 X 100635 0 37564 1088752 0 251460 6 0 1 0 LAMACCHIA GROUP LLC 157 N MILWAUKEE ST MILWAUKEE WI 53202 CONSTRUCTION OF NEW BUILDING 1470834 AUTO EXAM 17555 EL CAMINO REAL HOUSTON TX 77058 VEHICLE SERVICE CONTRACTS 297920 FROST FINANCIAL SERVICES 8829 CHAPEL SQUARE DR CINCINNATI OH 45249 INSURANCE PRODUCTS 184472 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 SYSTEM SOFTWARE & SERVICES 159270 MALAUZAI SOFTWARE INC PO BOX 840544 DALLAS TX 75284 INTERNET BANKING SOFTWARE 148691 7 INTEREST ON LOANS 522100 11955927 11955927 FEE INCOME 522100 2933602 2901914 31688 COMMISSION INCOME 522100 982031 953759 28272 204042 204042 16075602 964044 964044 15375 0 15375 15375 15375 13028 -13028 -13028 -13028 DATA PROCESSING INCOME 900099 8111 8111 8111 17050104 16010725 59960 979419 559660 5173183 142612 717914 436041 33828 18764 497466 816697 519352 659442 124017 46376 176079 776682 80797 DIVIDENDS ON MEMBER SHA 1575648 PROVISION FOR LOAN LOSS 703948 DEBIT CARD EXPENSES 551179 LOAN SERVICING EXPENSE 546873 274681 14431239 3978289 4637789 12797180 14055034 669812 686675 257875396 278743087 298786 290091 23873784 10056871 10939056 13816913 4192175 2995814 42704583 21826299 741131 648989 4470229 13173164 338666637 350873855 5348555 5125188 182264 303773 15000000 10000000 279120166 293816023 299650985 309244984 X 0 0 0 0 39015652 41628871 39015652 41628871 338666637 350873855 X 2618865 -5646 X 0 0 0 3830477 3830477 14105929 5267694 8838235 637397 595457 41940 3603566 2712378 891188 1696415 1481342 215073 13816913 DEPOSITS IN COMMERCIAL BANKS 13481000 C LOANS TO AND INVESTMENTS IN NATURAL PERSON 4997000 C MEMBERSHIP CAPITAL AT CORP 1224067 C PAID IN CAPITAL AT CORP 815626 C ALL OTHER INVESTMENTS 1308606 C 21826299 SHARES AND DEPOSITS 293816023 293816023 X 1 1 X X X X X 0 1 0 ANITA RAUCH CHIEF EXECUTIVE OFFICER 274189 0 39826 0 15649 0 87788 0 3360 0 420812 0 0 0 KELLY CHAMBERS DIRECTOR OF INFORMATION TE 144456 0 14571 0 0 0 12397 0 7451 0 178875 0 0 0 HEATHER RISTOW CHIEF OPERATING OFFICER 143394 0 14444 0 780 0 12115 0 1735 0 172468 0 0 0 KAY PAULSON CHIEF RISK OFFICER 107315 0 10198 0 0 0 54682 0 4277 0 176472 0 0 0 PART I, LINE 4B THE FOLLOWING OFFICERS AND HIGHEST COMPENSATED EMPLOYEES PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN AND REPORTED THE FOLLOWING INCREASE IN THEIR RESEPECTIVE PLANS: ANITA RAUCH $74,038 KAY PAULSON $42,006 HEATHER RISTOW $4,945 DAVE MACINTIRE $3,486 KELLY CHAMBERS $5,043 TROY EWER $5,654 FORM 990, PART VI, SECTION A, LINE 6 EACH CREDIT UNION MEMBER IS CONSIDERED A SHAREHOLDER. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS AT THEIR ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE OFFICERS OF THE CREDIT UNION REVIEW THE 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THEN THE RETURN IS AVAILABLE FOR THE BOARD TO REVIEW. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEW THE CEO'S SALARY ANNUALLY. THE AMOUNT IS DETERMINED BY THE COMPENSATION COMMITTEE AND REVIEWED AND APPROVED BY THE ENTIRE BOARD OF DIRECTORS. ANNUALLY, THE AMOUNT IS DETERMINED BASED ON THE CONTRACT IN PLACE AND PERFORMANCE. THE CEO REVIEWS VP COMPENSATION ANNUALLY BASED ON PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN OTHER COMPREHENSIVE INCOME -5,646.