2018-07-13T16:10:50-07:00 2017-12-31 990 2017-01-01 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 2018-06-30 2017 2022-09-23 18:48:47Z KAYLA REIFFENBERGER 2407 E HWY 7 PO BOX 447 MONTEVIDEO MN 56265 8302669 0 X WWW.CO-OPCREDITUNION.COM X 1940 MN THE CREDIT UNION PROVIDES FINANCIAL SERVICES, INVESTMENT OPTIONS, AND LOANS FOR APPROXIMATELY 13,000 MEMBERS IN WEST CENTRAL MINNESOTA. THE CREDIT UNION HAS LOCATIONS IN MONTEVIDEO, BENSON, CANBY AND WILLMAR. 7 7 53 0 8281 0 0 0 7118551 7860584 376196 442085 0 0 7494747 8302669 0 0 446769 628081 2410467 2555039 0 0 0 2210988 2435904 5068224 5619024 2426523 2683645 170219570 183012612 145780201 155879113 24439369 27133499 THE CREDIT UNION PROVIDES FINANCIAL SERVICES, INVESTMENT OPTIONS, AND LOANS FOR APPROXIMATELY 13,000 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 13,000 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 5603 0 0 53 1 1 1 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 DOUG OLSON BOARD MEMBER 1 X 720 0 0 KYLE KRANZ BOARD MEMBER 1 X 680 0 0 PATRICK CARRUTH BOARD MEMBER 1 X 0 0 0 KORWIN JOHNSON CHAIRPERSON 1 X X 650 0 0 MICHAEL MACE BOARD MEMBER 1 X 670 0 0 PETER SCHMITZ VICE CHAIRPERSON 1 X X 0 0 0 ELOISE VALENTINO SECRETARY 1 X X 690 0 0 NANCY BORMANN SUPERVISORY CHAIRPERSON 1 X 0 0 0 AARON VADNAIS SUPERVISORY MEMBER 1 X 0 0 0 JANICE RUNNING SUPERVISORY MEMBER 1 X 0 0 0 KAYLA REIFFENBERGER PRESIDENT/CEO AND TREASURER 40 X X X 147346 0 16288 DANIEL PIEPER CHIEF CREDIT OFFICER 40 X X 129155 0 40648 BRIAN SAMUELSON VICE PRESIDENT OF LENDING 40 X 103925 0 35835 383836 0 92771 3 0 1 0 FISERV 255 FISERV DRIVE BROOKFIELD WI 53008 COMPUTER SOFTWARE/SUPPLIES 119832 1 0 MEMBER 522130 7852303 7852303 0 0 NON-MEMBER 522130 8281 0 8281 0 0 0 0 0 7860584 442085 442085 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8302669 8294388 8281 0 628081 456530 1559489 130324 255198 153498 104263 50551 180562 31835 158557 220464 75805 PROVISION FOR LOAN LOSSES 338912 LOAN SERVICING EXPENSE 197446 OFFICE OPERATIONS 991792 DUES 33566 52151 5619024 0 0 0 11988303 13440184 117615469 138464839 153030 155058 5956567 2580442 3545586 3376125 13298000 8888000 20844342 15771621 2774840 2916785 170219570 183012612 1750272 1582714 6894636 6436772 137135293 147859627 145780201 155879113 X 24439369 27133499 0 0 0 0 24439369 27133499 170219570 183012612 2683645 10485 0 0 0 0 X 0 0 0 0 396652 396652 0 3701834 1147569 2554265 0 17465 14793 2672 0 1840616 1418080 422536 0 0 0 0 3376125 CERTIFICATES OF DEPOSIT 8337000 C OTHER INVESTMENTS 7434621 C 15771621 MEMBER SHARES ON DEPOSIT 147859627 147859627 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, 2017. X 0 1 0 KAYLA REIFFENBERGER PRESIDENT/CEO AND TREASURER (EFF 11/1/16) 143388 0 4458 0 0 0 14993 0 0 0 162839 0 DANIEL PIEPER CHIEF CREDIT OFFICER 138277 0 2764 0 0 0 10937 0 17030 0 169008 0 Schedule J, Part I, Line 4 KAYLA REIFFENBERGER IS A PARTICIPANT IN A 457(f) PLAN & 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.