2018-11-13T09:47:13-06:00 2017-09-30 390758449 WIPFLI LLP PO BOX 8010 WAUSAU WI 544028010 990 2017-01-01 390672885 PARKER COMMUNITY CREDIT UNION PARK 2628665900 1326 WILLOW ROAD MT PLEASANT WI 53177 KURT JOHNSON CFO 2628665900 2018-11-10 1 MARY A COATES CPA P00134220 7158453111 2018-11-10 75.135.162.185 2018-11-10 11:19:38 CS P 91A75ABA57C598916DBA662748600AED035F62B0 591F57CCDB6768E443135B10ADA072E30A282E8B 2017 2019-02-21 02:37:17Z X X KURT JOHNSON 1326 WILLOW ROAD MT PLEASANT WI 53177 4238721 0 X WWW.ECU.COM/PCCU X 1934 WI A NONPROFIT MEMBER-OWNED THRIFT INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS. X 9 9 51 9 102 0 0 0 4400520 3970421 475986 268300 0 0 4876506 4238721 5397 7383 0 0 2148635 1657582 0 0 0 2239773 2750757 4393805 4415722 482701 -177001 124905332 0 116407764 0 8497568 0 X A NONPROFIT MEMBER-OWNED THRIFT INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS. OPERATIONS ARE PRIMARILY RELATED TO HOLDING DEPOSITS FOR MAKING LOANS TO MEMBERS. 0 1 THE BUSINESS AT PARKER COMMUNITY CREDIT UNION (PCCU) BEGINS AND ENDS WITH OUR MEMBERS' SATISFACTION. WE PROMISE TO PROVIDE PERSONALIZED FAMILY-ORIENTED SERVICES, DESIGNED FOR THE FINANCIAL BENEFIT OF ALL MEMBERS. OUR GOAL IS TO BE OUR MEMBERS' ONE-STOP FINANCIAL HOME AND ASSIST THEM AND THEIR FAMILIES ACROSS A LIFETIME OF FINANCIAL NEEDS. OUR PRIMARY ACTIVITY CONSISTS OF HOLDING DEPOSITS FOR AND MAKING LOANS TO APPROXIMATELY 16,500 MEMBERS. IN 2017, PCCU MADE 1,137 NEW LOANS TO MEMBERS. 0 0 0 0 0 0 0 0 0 0 0 0 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 1 0 0 0 0 0 1 84 0 1 51 1 0 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 0 0 X KURT JOHNSON 2628865900 1326 WILLOW ROAD MT PLEASANT WI 53177 KAREN ELLIS DIRECTOR 1.00 0.00 X 0 0 0 NELS MADSEN DIRECTOR 1.00 0.00 X 0 0 0 SONJA SCHOOFF DIRECTOR 1.00 0.00 X 0 0 0 TERESA SCHULTZ DIRECTOR 1.00 0.00 X 0 0 0 MARTIN WACHA DIRECTOR 1.00 0.00 X 0 0 0 NORM PROM EXECUTIVE DIRECTOR 1.00 0.00 X X 0 0 0 MICHAEL BIER VICE PRESIDENT 1.00 0.00 X X 0 0 0 DENNIS STEED SECRETARY 1.00 0.00 X X 0 0 0 JAMES ARNESON TREASURER 1.00 0.00 X X 0 0 0 STEVE PETRILLO PRESIDENT 40.00 0.00 X 72142 0 5595 RYAN MILLER VICE PRESIDENT/CFO 40.00 0.00 X 76925 0 2789 149067 0 8384 0 0 0 0 SHAREONE NEWSOLUTIONS 2650 THOUSAND OAKS BLVD STE 1120 MEMPHIS TN 38118 CORE SYSTEM SOFTWARE SERVICES 148854 JACK HENRY PO BOX 609 MONETT MO 65708 CREDIT CARD PROCESSING 118184 2 INTEREST ON LOANS 522100 2799855 2799855 FEE INCOME 522100 1002836 1002734 102 SALE OF INSURANCE 522100 40757 40757 126973 126973 3970421 248620 248620 10694 8986 0 0 10694 8986 19680 19680 4238721 3970319 102 268300 5083 2300 157450 1146321 138597 114229 100985 89831 39751 313108 18752 714479 61210 143709 9502 26249 7880 240231 LOAN SERVICING EXPENSE 293473 DIVIDENDS ON MEMBER SHA 247707 CREDIT AND DEBIT CARD E 222625 PROVISION FOR LOAN LOSS 148481 173769 4415722 661206 0 10276101 0 0 0 0 0 91327929 0 0 1052905 0 0 0 3886828 0 15668487 0 192400 0 0 0 0 1839476 0 124905332 0 2436339 0 3930000 0 110041425 0 116407764 0 X 0 0 0 0 8497568 0 8497568 0 124905332 0 X -177001 189807 -8510374 X 0 0 0 1 PART I, LINE 2: THE ORGANIZATION DID NOT DONATE MORE THAN $5,000 TO ANY ONE INDIVIDUAL ORGANIZATION. 1 X X X 0 0 0 NET ASSETS OF ORGANIZATION MERGED INTO EDUCATORS CREDIT UNION 2017-09-30 8510374 APPRAISAL 390555293 EDUCATORS CREDIT UNION 1326 WILLOW ROAD MT PLEASANT WI 53177 501(C)(14) 1 0 0 0 0 0 0 0 0 PART I, LINE 2E: PERSON(S) INVOLVED: NORM PROMJAMES ARNESON PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: NORM PROM BECAME AN ASSOCIATE BOARD MEMBER AT EDUCATORS CREDIT UNION.JAMES ARNESON BECAME AN ASSOCIATE BOARD MEMBER AT EDUCATORS CREDIT UNION. FORM 990, PART III, LINE 3 THE ORGANIZATION MERGED WITH EDUCATORS CREDIT UNION ON SEPTEMBER 30, 2018. AT THAT POINT, THE ORGANIZATION CEASED PROVIDING SERVICES TO MEMBERS AS PARKER COMMUNITY CREDIT UNION AND EDUCATORS BEGAN SERVICES THOSE MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF INDIVIDUALS THAT HOLD DEPOSITS WITH THE CREDIT UNION LIVING OR WORKING IN ROCK COUNTY, WALWORTH COUNTY, OR GREEN COUNTY, WISCONSIN, OR SOUTH BELOIT, OR THE NORTHERN TIP OF WINNEBAGO COUNTY IN ILLINOIS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE IRRESPECTIVE OF THE MEMBER'S SHARE TOTAL. A MEMBER MAY NOT VOTE BY PROXY. AN ORGANIZATION OR ASSOCIATION MEMBER IS REPRESENTED BY AND HAS ITS VOTE CAST BY A DULY AUTHORIZED REPRESENTATIVE OF THE ENTITY. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS REQUIRE APPROVAL OF THE MEMBERSHIP PER THE CREDIT UNION'S BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B INFORMATION IS GATHERED BY THE ACCOUNTING MANAGER AND THE HUMAN RESOURCES MANAGER. THE FORM 990 IS REVIEWED BY THE CFO AND THE AUDIT MANAGER. A COPY OF THE 990 IS PROVIDED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C INFORMATION REGARDING THE INTERESTS OF DIRECTORS AND OFFICERS AND THEIR FAMILY MEMBERS THAT COULD GIVE RISE TO CONFLICTS IS DISCUSSED DURING THE MEETINGS OF THE MEMBERS OF THE GOVERNING BODY. THE MEMBERS OF THE GOVERNING BODY MAKE DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND REVIEW ACTUAL CONFLICTS. ANY PERSON WITH A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE INDEPENDENT MEMBERS OF THE GOVERNING BODY DETERMINE THE PRESIDENT'S COMPENSATION USING DATA ON COMPENSATION PAID BY COMPARABLE ORGANIZATIONS IN THE SAME OR SIMILAR COMMUNITIES FOR SIMILAR SERVICES. THE PRESIDENT REVIEWS THE PERFORMANCE OF OTHER MANAGEMENT POSITIONS AND COMPENSATION FOR THESE POSITIONS IS DETERMINED IN A SIMILAR MANNER. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS TO EDUCATORS CREDIT UNION -8,510,374. THE ORGANIZATION MERGED WITH EDUCATORS CREDIT UNION ON SEPTEMBER 30, 2017. AT THAT POINT, THE ORGANIZATION CEASED PROVIDING SERVICES TO MEMBERS AS PARKER COMMUNITY CREDIT UNION AND EDUCATORS BEGAN SERVICES THOSE MEMBERS. THE EXECUTIVE DIRECTORS LEFT PRIOR TO THE MERGER HAPPENING. THE BOARD OF DIRECTORS NO LONGER EXISTED AFTER THE MERGER. THE ORGANIZATION WAS UNAWARE OF A FINAL FILING REQUIREMENT. THE LATE FILING WAS NOT DUE TO WILLFULL NEGLECT AND THE ORGANIZATION WILL NO LONGER EXIST IN THE FUTURE. THE EXECUTIVES AT EDUCATORS CREDIT UNION ACTED AS SOON AS THE LATE FILING WAS NOTICED TO ENSURE THAT THE FINAL TAX RETURN BE FILED. THEREFORE, THIS ORGANIZATION HAS REASONABLE CAUSE TO ABATE ANY LATE FILING PENALTIES.