2025-11-11T11:39:31-06:00 2024-12-31 390912608 HAWKINS ASH CPAS LLP 520 N BROADWAY SUITE 250 GREEN BAY WI 54303 990 2024-01-01 390860994 SIMPLICITY CREDIT UNION SIMP 7153873702 222 E UPHAM AVENUE MARSHFIELD WI 544490790 NICHOLAS FABER PRESIDENT/CEO 7153873702 2025-11-11 1 1 JEFFREY DANEN CPA P01236582 9203369850 2025-11-11 2024 2025-03-06 01:10:19Z NICHOLAS FABER 222 UPHAM AVENUE MARSHFIELD WI 54449 33694481 0 X WWW.SIMPLICITY.COOP X 1949 WI A NONPROFIT MEMBER-OWNED THRIFT INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS. OPERATIONS ARE PRIMARILY RELATED TO HOLDING DEPOSITS FOR AND MAKING LOANS TO MEMBERS. 6 6 159 9 153580 0 0 0 21749887 28151823 4449314 4211757 122451 156733 26321652 32520313 6000 7000 0 0 8841376 10344407 0 0 0 14068859 19382341 22916235 29733748 3405417 2786565 461117108 500121906 418759786 454269750 42357322 45852156 A NONPROFIT MEMBER-OWNED THRIFT INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS. OPERATIONS ARE PRIMARILY RELATED TO HOLDING DEPOSIT FOR AND MAKING LOANS TO MEMBERS. 0 0 HOLDING DEPOSITS FOR AND MAKING LOANS TO MEMBERS 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 9685 0 1 159 1 1 1 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X NICHOLAS FABER 7153873702 222 UPHAM AVENUE MARSHFIELD WI 544490790 MARK PAGE CHAIR 1.00 X X 1125 0 0 TOM MCCARTEN DIRECTOR 0.50 X 740 0 0 SUE SHULFER SECRETARY/TREASURER 0.75 X X 905 0 0 PAUL HAUFFE DIRECTOR 0.50 X 805 0 0 LORI FALK DIRECTOR 0.50 X 805 0 0 CHARLES SUSA DIRECTOR 0.50 X 610 0 0 NICHOLAS FABER PRESIDENT/CEO 40.00 X 285565 0 10055 JAMES NOWAK CHEIF FINANCIAL OFFICER 40.00 X 177647 0 7776 KELLY KORTH CHIEF STRATEGIC OFFICER 40.00 X 176049 0 7343 JASON BUCHINGER FINANCIAL ADVISOR 40.00 X 497813 0 12288 JEN STANTON CHIEF REVENUE OFFICER 40.00 X 131345 0 6646 RICHARD SZABO VP OF INFORMATION TECHNOLO 40.00 X 136664 0 3876 DEREK FREIS VP OF BUSINESS LENDING 40.00 X 108391 0 5889 SARAH ARNOLDY CHIEF EXPERIENCE OFFICER 40.00 X 115521 0 4354 1633985 0 58227 11 0 1 0 FISERV 75 REMITTANCE DRIVE SUITE 1649 CHICAGO IL 60675 DEBIT CARD PROCESSING, COMPUTER MAIN FRA 1722768 CORELATION 2305 HISTORIC DECATUR ROAD SAN DIEGO CA 92106 CORE SYSTEM 625536 Q2 PO BOX 205970 DALLAS TX 75320 ONLINE/HOME BANKING 586566 NUSOURCE 9749 HAMILTON ROAD EDEN PRAIRIE MN 55344 CONSUMER APPLICATIONS 350379 OSG 900 KIMBERLY DR CAROL STREAM IL 60188 VISA OPERATION CERTIFICATE 293080 5 INTEREST ON LOANS 522100 21576624 21576624 INSURANCE COMMISSION AND FEES 522100 2007720 2007720 INTERCHANGE INCOME 522100 1968165 1968165 FEE INCOME 522100 1438758 1432245 6513 OTHER OPERATING 522100 1160556 1160556 28151823 4485751 4485751 6517 0 6517 6517 6517 900174 195156 979012 -195156 -78838 -273994 -273994 MANAGEMENT SERVICES 522100 147067 147067 OTHER REV 522100 3149 3149 150216 32520313 27880982 153580 4485751 7000 644250 6499934 467227 2220266 512730 137595 26 116930 635877 482523 2523683 579992 387189 38790 184014 3151243 679705 100147 DIVIDENDS ON SHARES 7008705 DEBIT/CREDIT CARD EXPEN 929799 PROVISION FOR CREDIT LO 915544 LOAN ORIGINATION AND SE 763006 747573 29733748 5155314 2931215 13605107 11546427 199605 419433 3697820 374075910 416089780 42167 40831 2741825 3467567 18451569 9018849 10025524 9432720 44965192 41704876 5314241 5414241 4992223 5376996 461117108 500121906 6543927 7139175 451357 84914 20000000 32800000 391764502 414245661 418759786 454269750 X 0 0 0 0 42357322 45852156 42357322 45852156 461117108 500121906 2786565 708269 0 X 0 1 X 1 0 0 1 X 1217447 1217447 9542262 3067228 6475034 6474060 5637859 836201 1217800 313762 904038 9432720 SHARES 414245661 414245661 X PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS ASSOCIATED WITH REAL ESTATE MORTGAGES (PROPERTY TAXES AND INSURANCE) FOR MEMBERS. PART X, LINE 2: GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CREDIT UNION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE CREDIT UNION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CREDIT UNION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CREDIT UNION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE CREDIT UNION WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. 1 X X X 0 0 0 JASON BUCHINGER FINANCIAL ADVISOR 0 0 497813 0 0 0 9888 0 2400 0 510101 0 0 0 NICHOLAS FABER PRESIDENT/CEO 266756 0 18809 0 0 0 8855 0 1200 0 295620 0 0 0 JAMES NOWAK CHEIF FINANCIAL OFFICER 167978 0 9669 0 0 0 5376 0 2400 0 185423 0 0 0 KELLY KORTH CHIEF STRATEGIC OFFICER 164417 0 11632 0 0 0 4943 0 2400 0 183392 0 0 0 NICHOLAS FABER PRESIDENT/CEO SPLIT DOLLAR LIFE INSURANCE X 3600000 3697820 0 1 1 3697820 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE INDIVIDUALS LIVING OR WORKING IN ADAMS, BROWN, CALUMET, CLARK, FOND DU LAC, MARATHON, OUTAGAMIE, PORTAGE, SHAWANO, TAYLOR, TREMPEALEAU, WAUPACA, WAUSHARA, WINNEBAGO, AND WOOD COUNTIES AND THE TOWNSHIP OF ALMA, JACKSON COUNTY; EMPLOYEES OF THE CP RAIL SYSTEMS, COPPS COMPANY AND CORPORATION, DELTA DENTAL PLAN OF WISCONSIN, DONALDSON COMPANY, CORPORATE EXPRESS, HERRSCHNERS, INC., NAPA DISTRIBUTION CENTER, SKYWARD, STEEL KING INDUSTRIES, INC., SNE CORPORATION, SUNRISE MEDICAL, CITY OF NEENAH, NEENAH JOINT SCHOOL DISTRICT, NEENAH WATER UTILITY, ANY MUNICIPALITY WHO ENGAGES IN PROVIDING SERVICES TO THE CITY OF NEENAH, CONTRACTED TO WORK FOR THE CITY OF NEENAH OR NEENAH JOINT SCHOOL DISTRICT, AND STOCKHOLDERS OR PATRONS OF THE TOMORROW VALLEY CO-OP. FORM 990, PART VI, SECTION A, LINE 7A BOARD OF DIRECTORS IS ELECTED BY MEMBERS FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND CFO REVIEW THE 990. A COPY IS ALSO PROVIDED TO THE BOARD OF DIRECTORS AT A SUBSEQUENT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS BOTH A FRAUD AND ANTI-BRIBERY ACT POLICY IN THE HANDBOOK THAT EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE EACH YEAR THAT ADDRESES PREFERENTIAL TREATMENT, THE ACCEPTANCE OF GIFTS FROM A THIRD PARTY TO DERIVE SPECIAL FAVORS, AND UNAUTHORIZED DISCLOSURE OR MANIPULATION OF MEMBER ACCOUNT INFORMATION. ALL BOARD MEMBERS MUST SIGN A CODE OF CONDUCT AGREEMENT AND A CONFLICT OF INTEREST STATEMENT AND DISCLOSURE ANNUALLY AS PART OF THE REORGANIZATIONAL MEETING. FORM 990, PART VI, SECTION B, LINE 15 VARIOUS SOURCES OF COMPARATIVE DATA ARE USED AND RANGES ARE DETERMINED FOR EACH POSITION. THESE RANGES ARE REVIEWED AGAINST INDUSTRY STANDARDS EACH YEAR AND ADJUSTED AS NECESSARY. THE BOARD REVIEWS CEO ANNUALLY AND THE CEO REVIEWS PERFORMANCE OF KEY EMPLOYEES ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND AN ANNUAL REPORT IS PRINTED FOR EACH YEAR-END. ANY OTHER REQUESTS FOR INFORMATION WOULD BE SUBMITTED TO THE PRESIDENT/CEO OR BOARD CHAIRMAN EXCLAMATION SERVICES LLC 103 S CENTRAL AVE MARSHFIELD WI 54449 352636767 ADMINISTRATIVE AND SUPPORT SERVICES WI 48292 426938 SIMPLICITY CREDIT UNION