2019-05-28T14:43:33-07:00 2018-12-31 990 2018-01-01 410693272 CO-OP CREDIT UNION OF MONTEVIDEO CO-O 3202692117 2407 E HWY 7 PO BOX 447 MONTEVIDEO MN 56265 Kayla Reiffenberger President/CEO 3202692117 2019-05-15 66.191.79.2 2018 2019-02-21 02:37:17Z Kayla Reiffenberger 2407 E HWY 7 PO BOX 447 MONTEVIDEO MN 56265 9686862 0 X WWW.CO-OPCREDITUNION.COM X 1940 MN THE CREDIT UNION PROVIDES FINANCIAL SERVICES, INVESTMENT OPTIONS, AND LOANS FOR APPROXIMATELY 14,000 MEMBERS IN WEST CENTRAL MINNESOTA. THE CREDIT UNION HAS LOCATIONS IN MONTEVIDEO, BENSON, CANBY AND WILLMAR. 7 7 20 0 8990 0 0 0 7860584 9115326 442085 571536 0 0 8302669 9686862 0 0 628081 971529 2555039 2925825 0 0 0 2435904 2519907 5619024 6417261 2683645 3269601 183012612 196810677 155879113 166416476 27133499 30394201 THE CREDIT UNION PROVIDES FINANCIAL SERVICES, INVESTMENT OPTIONS, AND LOANS FOR APPROXIMATELY 14,000 MEMBERS IN WEST CENTRAL MINNESOTA. THE CREDIT UNION HAS LOCATIONS IN MONTEVIDEO, BENSON, CANBY AND WILLMAR. 0 0 THE CREDIT UNION PROVIDES FINANCIAL SERVICES, INVESTMENT OPTIONS, AND LOANS FOR APPROXIMATELY 14,000 MEMBERS IN WEST CENTRAL MINNESOTA. THE CREDIT UNION HAS LOCATIONS IN MONTEVIDEO, BENSON, CANBY AND WILLMAR. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 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 6337 0 20 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 0 0 1 1 0 X KAYLA REIFFENBERGER 3202692117 2407 E HWY 7 PO BOX 447 MONTEVIDEO MN 56265 KORWIN JOHNSON CHAIRPERSON 1 0 X 0 0 0 PETER SCHMITZ VICE CHAIRPERSON 1 0 X 630 0 0 ELOISE VALENTINO SECRETARY 1 0 X 670 0 0 KYLE KRANZ BOARD MEMBER 1 0 X 770 0 0 PATRICK CARRUTH BOARD MEMBER 1 0 X 0 0 0 MARK TASTAD BOARD MEMBER 1 0 X 0 0 0 JASON FRENCH BOARD MEMBER 1.00 0 X 0 0 0 NANCY BORMANN SUPERVISORY CHAIRPERSON 1 0 X 0 0 0 AARON VADNAIS SUPERVISORY MEMBER 1 0 X 0 0 0 DIANE DIETER SUPERVISORY MEMBER 1 0 X 0 0 0 KAYLA REIFFENBERGER PRESIDENT/CEO AND TREASURER 40 0 X X X 172495 0 39962 DANIEL PIEPER CHIEF CREDIT OFFICER 40 0 X X 132933 0 43543 BRIAN SAMUELSON VICE PRESIDENT OF LENDING 40 0 X 105221 0 39008 412719 0 122513 3 0 1 0 FISERV 255 FISERV DRIVE BROOKFIELD WI 53008 COMPUTER SOFTWARE/SUPPLIES 443060 MARCO TECHNOLOGIES LLC 4510 HEATHERWOOD ROAD ST CLOUD MN 56301 TECHNOLOGY SERVICES 118401 TERWISSCHA CONSTRUCTION INC 1550 WILLMAR AVENUE SE WILLMAR MN 56201 BUILDING CONTRACTOR 390618 HTG 9300 HENNEPIN TOWN ROAD EDEN PRAIRIE MN 55347 ARCHITECTURE 197526 4 0 MEMBER 522130 9106336 9106336 0 0 NONMEMBER 522130 8990 0 8990 0 0 0 0 0 9115326 571536 571536 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9686862 9677872 8990 0 971529 538131 1752915 133664 333778 167337 151182 70398 188150 33497 172135 228315 70449 PROVISION FOR LOAN LOSSES 297423 DUES 33919 LOAN SERVICING EXPENSE 184380 OFFICE OPERATIONS 1008295 81764 6417261 0 0 0 13440184 16691453 138464839 148696898 155058 207994 7267969 2810511 3376125 4457458 8888000 5093000 15771621 18268110 2916785 3395764 183012612 196810677 1582714 1698827 6436772 6377494 147859627 158340155 155879113 166416476 X 27133499 30394201 0 0 0 0 27133499 30394201 183012612 196810677 3269601 -8899 0 0 0 0 X 0 0 0 0 1298221 1298221 0 4071531 1255524 2816007 0 17465 15161 2304 0 1880752 1539826 340926 0 0 0 0 4457458 CERTIFICATES OF DEPOSIT 8680000 C OTHER INVESTMENTS 9588110 C 18268110 MEMBER SHARES ON DEPOSIT 158340155 158340155 X Schedule D, Part X, Line 2 THE CREDIT UNION HAS ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS ON OCTOBER 1, 2009. AS A RESULT OF THIS IMPLEMENTATION THE CREDIT UNION HAS EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2018. X 0 1 0 KAYLA REIFFENBERGER PRESIDENT/CEO AND TREASURER 163387 0 4858 0 0 0 38360 0 0 0 206605 0 0 0 DANIEL PIEPER CHIEF CREDIT OFFICER 142422 0 2847 0 0 0 2847 0 18736 0 166852 0 0 0 Schedule J, Part I, Line 4 KAYLA REIFFENBERGER IS A PARTICIPANT IN A 457(f) PLAN AND A 457(b) PLAN. Form 990, Part VI, Section A, Line 6 THE CREDIT UNION IS OWNED BY ITS MEMBERS WHO MUST MAINTAIN A SHARE ACCOUNT OF AT LEAST $5.00 Form 990, Part VI, Section A, Line 7a THE GOVERNING BODY IS ELECTED BY THE MEMBERS AT THE CREDIT UNION'S ANNUAL MEETING. AT LEAST 15 MEMBERS MUST BE IN ATTENDANCE AT THIS ANNUAL MEETING. Form 990, Part VI, Section B, Line 11b THE GOVERNING BODY DOES NOT REVIEW THE FORM 990. THE CREDIT UNION'S PRESIDENT REVIEWS THE FORM BEFORE IT IS FILED. Form 990, Part VI, Section B, Line 12c THE CREDIT UNION ANNUALLY OBTAINS AN ACKNOWLEDGMENT OF THE CONFLICT OF INTEREST POLICIES WITH BOARD MEMBERS, OFFICERS, AND EMPLOYEES AND REVIEWS THESE. Form 990, Part VI, Section B, Line 15 A SALARY REVIEW COMMITTEE OF THE GOVERNING BODY REVIEWS THE RANGES OF SALARIES FOR THE VARIOUS POSITIONS AND COMPARES THAT TO AN ANNUAL STATISTICAL REPORT. THE GOVERNING BOARD SETS THE SALARY FOR THE PRESIDENT AND ALSO SETS THE SALARY RANGES FOR ALL POSITIONS IN THE CREDIT UNION. Form 990, Part VI, Section C, Line 19 COPIES OF FORMS 990 AND 990-T, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE CREDIT UNION KEEPS COPIES OF ITS ANNUAL FINANCIAL STATEMENTS IN THE LOBBY AT ALL BRANCHES FOR THE MEMBERS TO TAKE IF THEY WOULD LIKE.