2019-02-15T18:31:20-06:00 2018-12-31 461605712 BRENT WOOKEY CPA PO BOX 1512 LA CROSSE WI 546021512 990 2018-01-01 390445714 CENTRALALLIANCE CREDIT UNION CENT 9207202572 625 DEERWOOD AVE NEENAH WI 54956 TONNI LARSON PRESIDENT / CEO 9207202572 2019-02-07 true BRENT WOOKEY CPA P00062439 6087920843 2019-02-15 X 97.88.144.85 2019-02-15 18:31:20 CS P 5FA08F3168DAA0B72D4E7F0D679A1E851BDE6807 5FA08F3168DAA0B72D4E7F0D679A1E851BDE6807 2018 2019-02-21 02:37:17Z X TONNI LARSON 625 DEERWOOD AVE NEENAH WI 54956 3875743 false X WWW.CENTRALALLIANCECU.ORG X 1934 WI THE MISSION OF CENTRALALLIANCE CREDIT UNION IS TO IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBERS BY PROVIDING VALUED FINANCIAL PRODUCTS AND SERVICES. X 7 6 29 6 848 0 1771246 1852859 790540 857735 6959 6425 2568745 2717019 0 0 836789 974672 0 0 1078192 1766543 1914981 2741215 653764 -24196 74865357 0 59097962 0 15767395 0 THE MISSION OF CENTRALALLIANCE CREDIT UNION IS TO IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBERS BY PROVIDING VALUED FINANCIAL PRODUCTS AND SERVICES. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 104 NEW DEPOSIT ACCOUNTS IN 2018. AS OF 12/31/18 WE HAD 4,694 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 731 NEW LOANS TO OUR MEMBERS DURING 2018. AS OF 12/31/18 WE HAD 1,329 LOANS TO OUR MEMBERS. false false false false false false false true false false false false false false false false false false false false false false false false false false false false true false false false false false false false false true false false false false false true 3003 0 true 29 true false false false false false false false false X 7 6 false false false false true true true true true false false false true true true true true true false false X TONNI LARSON 9207202572 625 DEERWOOD AVE NEENAH WI 54956 DENNIS HALTINNER CHAIR 0.25 X X 0 0 0 THOMAS RING VICE CHAIR 0.25 X X 0 0 0 CALVIN LEWIS SECRTRY / TR 0.25 X X 0 0 0 JAMES KEARNEY DIRECTOR 0.25 X 0 0 0 KAREN RISKE DIRECTOR 0.25 X 0 0 0 GREG EVERS DIRECTOR 0.25 X 0 0 0 TONNI LARSON PRESIDENT / 55.00 X X 230275 0 19236 230275 19236 1 false true false FISERV INC 75 REMITTANCE DRIVE CHICAGO IL 60675 DATA PROCESSING 816703 1 INTEREST ON LOANS 522130 1505389 1505389 OTHER MEMBER RELATED REVENUE 522130 203654 203654 MEMBER FEE INCOME 522130 142968 142968 NON-MEMBER ATM FEES 522130 848 848 1852859 858783 858783 6425 6425 1157676 1158724 -1048 -1048 -1048 2717019 1850963 848 865208 230275 618080 33293 41684 51340 24743 62094 300502 170259 111532 857 6623 144690 24818 CONTRACT TERMINATION FEES 689153 DIVIDENDS PAID TO MEMBERS 238510 PROVISN LOAN LOSS ADJTMNT -7238 2741215 0 0 0 291764 12475675 33609462 61537 1643961 25547303 1235655 74865357 0 833460 2236 58262266 59097962 0 X 15767395 15767395 0 74865357 0 X -24196 310730 -16053929 X false false false true X SCHEDULE D, PAGE 2, PART IV, LINE 2B THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR INSURANCE AND PROPERTY TAXES RELATED TO MORTGAGE LOANS. X X X false false false TONNI LARSON PRESIDENT / CEO 172275 58000 18582 654 249511 MEMBER LOANS & ALLOWCE 2018-12-31 32321478 BOOK VALUE 390945701 COVANTAGE CREDIT UNION 723 6TH ST PO BOX 107 ANTIGO WI 54409 501(C)14 INVESTMENTS 2018-12-31 36701874 BOOK VALUE 390945701 COVANTAGE CREDIT UNION 723 6TH ST PO BOX 107 ANTIGO WI 54409 501(C)14 FIXED ASSETS 2018-12-31 1533546 BOOK VALUE 390945701 COVANTAGE CREDIT UNION 723 6TH ST PO BOX 107 ANTIGO WI 54409 501(C)14 OTHER ASSETS 2018-12-31 796255 BOOK VALUE 390945701 COVANTAGE CREDIT UNION 723 6TH ST PO BOX 107 ANTIGO WI 54409 501(C)14 CASH & DEPOSITS 2018-12-31 1161394 BOOK VALUE 390945701 COVANTAGE CREDIT UNION 723 6TH ST PO BOX 107 ANTIGO WI 54409 501(C)14 true true false true true true true false SCHEDULE N, PAGE 1, PART I, LINE 2E TONNI LARSON, PRESIDENT/CEO OF CENTRALALLIANCE CREDIT UNION WILL BECOME A VP OF COMERCIAL LENDING OF COVANTAGE CREDIT UNION AFTER THE MERGER. DENNIS HALTINNER, BOARD CHAIR OF CENTRALALLIANCE CREDIT UNION WILL BECOME A DIRECTOR ON THE BOARD OF COVANTAGE CREDIT UNION AFTER THE MERGER. SCHEDULE N CENTRALALLIANCE CREDIT UNION MERGED WITH COVANTAGE CREDIT UNION AFTER THE CLOSE OF BUSINESS DECEMBER 31, 2018. FORM 990 CENTRALALLIANCE CREDIT UNION MERGED WITH COVANTAGE CREDIT UNION AFTER THE CLOSE OF BUSINESS DECEMBER 31, 2018. GOVERNMENT AGENCY APPROVAL DOCUMENTS ARE ATTACHED TO THIS RETURN IN A PDF FILE. 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 NECESSARY DATA TO INDEPENDENT CPA WHO PREPARES THE RETURN. THE CEO REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES THE CPA TO E-FILE THE APPROVED RETURN. FORM 990, PAGE 6, PART VI, LINE 12C WE MONITOR EMPLOYEE AND BOARD OF DIRECTORS ACCOUNTS MONTHLY. THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH STAFF AND BOARD ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS DETERMINES CEO COMPENSATION USING THE CUES AND NAFCU SALARY SURVEYS. THE COMPENSATION IS APPROVED BY THE FULL BOARD, AND IS DOCUMENTED IN THE CEO PERSONNEL FILE. FORM 990, PAGE 6, PART VI, LINE 19 SPECIFIC GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST IF REQUIRED BY REGULATION. FINANCIAL STATEMENT POSTED IN THE LOBBY OF THE CORPORATE OFFICE, AND ARE INCLUDED IN ANNUAL REPORT PROVIDED AT THE ANNUAL MEETING. FORM 990, PART XI, LINE 9 SPECIAL MEMBER DIVIDEND -6,662,460 LOAN REWARDS REFUND -541,551 NET ASSETS TRANSFERRED IN MERGER -8,849,918 TOTAL -16,053,929 CENTRALALLIANCE CREDIT UNION MERGED WITH COVANTAGE CREDIT UNION AFTER THE CLOSE OF BUSINESS DECEMBER 31, 2018.