2018-08-06T14:41:21-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2017-01-01 390263945 CONNEXUS CREDIT UNION CONN 7158474700 2600 PINE RIDGE BLVD WAUSAU WI 54401 J DAVID CHRISTENSON CEO/PRESIDENT 7158474700 2018-07-24 1 TANYA MEDGAARDEN P01717240 5074347000 2018-07-24 2017 2022-09-23 18:48:47Z J DAVID CHRISTENSON 2600 PINE RIDGE BLVD WAUSAU WI 54401 92285133 0 X CONNEXUSCU.ORG X CU 1935 WI ENCOURAGE THRIFT AND SELF RELIANCE AMONG MEMBERS BY CREATING A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST IN ORDER TO IMPROVE SOCIAL CONDITIONS OF THE MEMBERSHIP. 10 10 290 0 1743633 -2372128 0 0 64919835 89135864 3137684 2701840 0 0 68057519 91837704 0 0 11635075 15780488 19311633 22154347 0 0 0 19416536 28495879 50363244 66430714 17694275 25406990 1493922019 1685748658 1338068614 1504486456 155853405 181262202 TO HELP OUR MEMBERS ACHIEVE THEIR PERSONAL FINANCIAL OBJECTIVES BY ANTICIPATING THEIR NEEDS AND EXCEEDING EXPECTATIONS WITH SUPERIOR SERVICE AND PRODUCTS. 0 0 PROVIDE OUR MEMBERS DEPOSIT SERVICES FOR THEIR FUNDS TO EARN THEM A FAIR RATE OF RETURN PROVIDE OUR MEMBERS LOAN SERVICES AT A FAIR RATE OF INTEREST PROVIDE OUR MEMBERS ACCESS TO CHECK SERVICES AND OTHER FINANCIAL PRODUCTS. 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 20246 0 1 290 1 1 1 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X JANE KITTEL 7158702650 2600 PINE RIDGE BLVD WAUSAU WI 54401 STEVEN ZEINEMAN DIRECTOR 1.00 X 6272 0 0 RON DINS CHAIRPERSON 1.00 X 17680 0 0 MARK STEINBERG VICE CHAIRPERSON 1.00 X 13308 0 0 KIMBERLY SMITH SECRETARY 1.00 X 10876 0 0 GARY KLINGBEIL DIRECTOR 1.00 X 3000 0 0 LYLE BECK DIRECTOR 1.00 X 4693 0 0 TODD MCDONALD TREASURER 1.00 X 11638 0 0 TOM SEUNTJENS DIRECTOR 1.00 X 7085 0 0 STEVE DEREBEY DIRECTOR 1.00 X 9146 0 0 KELSI SEUBERT DIRECTOR 1.00 X 3116 0 0 JANE KITTEL CFO 50.00 X 203060 0 23823 J DAVID CHRISTENSON CEO/PRESIDENT 55.00 X 582988 0 46660 BOYD GUSTSKE COO 50.00 X 316654 0 56984 DARYL GESSLER CHIEF RISK OFFICER 50.00 X 426807 0 46373 MARY BURGOYNE CIO 50.00 X 272682 0 44996 CHAD ROGERS CMO 50.00 X 265610 0 53777 LYNDA C KEIL CHIEF HR OFFICER 50.00 X 258663 0 35382 MARITA HATTEM EXPERIENCE OFFICER 50.00 X 167929 0 21261 SANDY WARNER VP MEMBER SERVICES 50.00 X 137130 0 33487 ERIC HUSEBY SR VP LENDING 50.00 X 205700 0 33789 BEVERLY NOWACKI SR VP OPERATION 45.00 X 157132 0 35055 JAMES MCKISSICK VP MARKETING 45.00 X 137421 0 30910 CORY JAEGER VP OF IT 45.00 X 127862 0 39367 GERALD E BRIGGS VP OF IT 45.00 X 200061 0 40573 PATRICIA FLAKER VP - MCC OPERATIONS & DEVELOPMENT 45.00 X 125768 0 12175 3672281 0 554612 16 0 1 0 FISERV PO BOX 300016 DULUTH GA 30096 NETWORK SERVICES 1917247 CDW DIRECT PO BOX 75723 CHICAGO IL 60675 HARDWARE/SOFTWARE 735714 CAPITAL DATA 1360 MOORLAND ROAD BROOKFIELD WI 53005 HARDWARE/SOFTWARE 582846 ATMOSTPHERE COMMERCIAL INTERIORS PO BOX 86 MINNEAPOLIS MN 55486 INTERIOR DESIGN/FURNITURE 568873 XPRESS DATA 10983 VIA FRONTIERA SAN DIEGO CA 90051 MOBILE/INTERNET BANKING 491577 12 INTEREST INCOME ON LOANS 522100 75117243 75117243 OTHER INCOME 522100 10765940 10765940 FEE INCOME 522100 3252681 1509048 1743633 89135864 2705308 2705308 443961 447429 -3468 -3468 -3468 91837704 87392231 1743633 2701840 15780488 4421898 11636595 831289 4135755 1128810 344529 144903 1664125 844919 1715990 7654 1904810 647207 938954 1607766 LOAN SERVICING 10479558 PROVISION FOR LOAN LOSS 4319794 OTHER EXPENSES 3685256 OPERATING FEES 190414 66430714 45564240 90776450 71312095 39967085 13562533 14391407 1275075061 1453099792 492757 702096 17994043 9689940 6842163 8304103 11207077 6197265 3519736 3316400 6724389 5802510 59621968 63191550 1493922019 1685748658 13950983 17901263 46455347 45536902 1277662284 1441048291 1338068614 1504486456 X 0 0 0 0 155853405 181262202 155853405 181262202 1493922019 1685748658 25406990 1807 0 X X 0 1 X 1 0 1691683 1691683 5500516 2684085 2816431 1272388 142332 1130056 9529456 6863523 2665933 8304103 REGULAR SHARE ACCOUNTS 286714203 MONEY MARKET ACCOUNTS 246100532 SHARE DRAFT ACCOUNTS 209940932 IRA SHARE ACCOUNTS 58106615 SHARE AND IRA CERTIFICATES 640186009 1441048291 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501 (C) (14), FROM FEDERAL AND STATE INCOME TAXES. CERTAIN PRODUCTS AND SERVICES PROVIDED BY SELECT STATE CHARTERED CREDIT UNIONS HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS), IN TECHNICAL ADVICE MEMORANDUMS (TAMS) RELEASED IN 2007, TO BE UNRELATED TO THE SPECIFIC ENTITY'S EXEMPT PURPOSE. AS PRESENTED IN THE TECHNICAL ADVICE MEMORANDUMS, THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES WOULD BE SUBJECT TO INCOME TAXES. CREDIT UNIONS HAVE LITIGATED AGAINST THE IRS POSITIONS NOTED IN THE TAMS AND HAVE BEEN SUCCESSFUL IN HAVING COURTS DECLARE IN 2009 AND 2010 THAT REVENUE FROM INSURANCE PRODUCTS SOLD TO MEMBERS, HELPING THEM PROTECT THEIR FINANCIAL WELLBEING, QUALIFIES AS EXEMPT PURPOSE INCOME, CONTRARY TO THE IRS POSITION IN THE TAMS. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE AND HAS A NET OPERATING LOSS CARRYFORWARD. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S CONSOLIDATED FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2017 AND 2016. THE CREDIT UNION'S 2014 THROUGH 2016 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. THE INCOME FROM THE CUSO, ORGANIZED AS AN LLC, FLOWS THROUGH TO THE CREDIT UNION. X 1 1 X X X X X X 1 1 0 JANE KITTEL CFO 174935 0 26250 0 1875 0 5443 0 18380 0 226883 0 0 0 J DAVID CHRISTENSON CEO/PRESIDENT 485974 0 94478 0 2536 0 26500 0 20160 0 629648 0 0 0 BOYD GUSTSKE COO 265632 0 48150 0 2872 0 26500 0 30484 0 373638 0 0 0 DARYL GESSLER CHIEF RISK OFFICER 376886 0 48150 0 1771 0 26500 0 19873 0 473180 0 0 0 MARY BURGOYNE CIO 225064 0 44084 0 3534 0 26336 0 18660 0 317678 0 0 0 CHAD ROGERS CMO 220228 0 43460 0 1922 0 25793 0 27984 0 319387 0 0 0 LYNDA C KEIL CHIEF HR OFFICER 100942 0 37100 0 120621 0 17606 0 17776 0 294045 0 0 0 MARITA HATTEM EXPERIENCE OFFICER 110612 0 42400 0 14917 0 12432 0 8829 0 189190 0 0 0 SANDY WARNER VP MEMBER SERVICES 121005 0 14638 0 1487 0 13827 0 19660 0 170617 0 0 0 ERIC HUSEBY SR VP LENDING 170910 0 33000 0 1790 0 19661 0 14128 0 239489 0 0 0 BEVERLY NOWACKI SR VP OPERATION 129131 0 26289 0 1712 0 14961 0 20094 0 192187 0 0 0 JAMES MCKISSICK VP MARKETING 131694 0 4490 0 1237 0 11037 0 19873 0 168331 0 0 0 CORY JAEGER VP OF IT 127048 0 0 0 814 0 10383 0 28984 0 167229 0 0 0 GERALD E BRIGGS VP OF IT 163815 0 32800 0 3446 0 0 0 40573 0 240634 0 0 0 PART I, LINE 1A J DAVID CHRISTENSON - TRAVEL FOR COMPANION PART I, LINES 4A-B JEANNE WALKLEY - SEVERANCE PAYMENT - $195,010 LYNDA KEIL - SEVERANCE PAYMENT - $85,125 J DAVID CHRISTENSON - NONQUALIFIED PLAN - PARTICIPATED, NO DISTRIBUTIONS BOYD GUSTKE - NONQUALIFIED PLAN - PARTICIPATED, NO DISTRIBUTIONS DARYL GESSLER - NON-QUALIFIED PLAN - PARTICIPATED, NO DISTRIBUTIONS MARY BURGOYNE - NON-QUALIFIED PLAN - PARTICIPATED, NO DISTRIBUTIONS DOUGLAS YOUNG FORMER CEO/PRESIDENT SPLIT DOLLAR X 5080241 4994380 0 1 1 J DAVID CHRISTENSON CEO/PRESIDENT SPLIT DOLLAR X 6300000 6337272 0 1 1 BOYD GUSTKE COO SPLIT DOLLAR X 1350000 1359755 0 1 1 CHAD ROGERS CMO SPLIT DOLLAR X 1700000 1700000 0 1 1 14391407 FORM 990, PART VI, SECTION A, LINE 6 CONNEXUS CREDIT UNION IS OWNED AND OPERATED BY ITS MEMBERS. A MEMBER MUST MEET FIELD OF MEMBERSHIP RESTRICTIONS AND DEPOSIT AT LEAST FIVE DOLLARS IN THEIR SHARE ACCOUNT. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS WOULD NEED TO APPROVE CERTAIN DECISIONS SUCH AS NAME CHANGE OR MERGER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND THEN REVIEWED INTERNALLY PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C NOTICES ARE SENT TO ALL EMPLOYEES AND DIRECTORS REQUESTING INFORMATION ON ALL POSSIBLE CONFLICTS OF INTEREST THAT MAY EXIST. IN ADDITION, EACH EMPLOYEE MUST REVIEW A PRESENTATION ON CONFLICTS OF INTEREST SO THEY UNDERSTAND THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 CONNEXUS OBTAINS A SALARY SURVEY BASED ON JOB DUTIES AND GEOGRAPHIC LOCATION, BROKEN DOWN BY ASSET SIZE AND EMPLOYEE COUNTS, ALONG WITH INDUSTRY SPECIFIC SALARY STUDIES. CONNEXUS MESHES ALL OF THIS INFORMATION WITH JOB PERFORMANCE AND GOAL ACHIEVEMENT TO OBTAIN A POTENTIAL SALARY INCREASE RANGE FOR THAT POSITION GRADE LEVEL. THIS INFORMATION IS REVIEWED BY THE PERSONNEL COMMITTEE AND THE COMPENSATION DEPARTMENT FOR APPROVAL. ANY SALARY CHANGES THAT EXCEED ESTABLISHED RANGES FOR A PARTICULAR GRADE LEVEL NEED FURTHER APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE LOBBIES OF THE ORGANIZATION AND PROVIDED IN THE ANNUAL REPORTS AND ANNUAL MEETING. FINANCIAL INFORMATION IS ALSO PROVIDED TO OUR FEDERAL REGULATOR, NCUA, WHO POSTS THIS INFORMATION ON THE NCUA WEBSITE FOR PUBLIC VIEWING. OTHER DOCUMENTS SUCH AS HMDA, CONFLICT OF INTEREST, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST, SOME OF WHICH ARE MAINTAINED BY THE WISCONSIN OFFICE OF CREDIT UNIONS. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FINANCIAL INSTITUTION LENDING OPTIONS LLC 550 BAY VIEW ROAD SUITE A MUKWONAGO WI 53149 870771221 LOAN ORIGINATOR WI 5095836 8539420 THE CREDIT UNION