2017-11-15T15:29:22-06:00 2016-12-31 390758449 Wipfli LLP PO Box 8010 Wausau WI 544028010 990 2016-01-01 390571035 Ripco Credit Union RIPC 7153654800 121 Sutliff Avenue Rhinelander WI 54501 Liza Edinger President/CEO 7153654800 2017-11-14 1 Mary A Coates CPA P00134220 7158453111 2017-11-10 75.135.162.185 2017-11-14 21:24:07 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 64A0E5FB90F3977A44DCE43CB0E4B3B3C32ABC49 2016 2017-02-10 21:41:12Z Liza Edinger 121 Sutliff Avenue Rhinelander WI 54501 5219621 0 2157 X WWW.RIPCO.ORG X 1932 WI To encourage thrift among members and provide the necessary financial products at competitive prices to enable each member to improve his or her respective social and economic well-being, while not losing sight of the ultimate goal of RIPCO Credit Union as an efficient and sound financial institution. 7 3 54 3 8613 -21983 0 0 4265569 4381221 690143 724014 123341 108063 5079053 5213298 4059 4399 0 0 2152068 2236222 0 0 0 2314265 2505466 4470392 4746087 608661 467211 115244945 120905162 103733505 109086550 11511440 11818612 Through our "Attitude of Excellence" RIPCO Credit Union delivers exceptional financial services while building lifelong relationships - one member at a time. 0 0 RIPCO Credit Union serves approximately 13,000 members. We provide loans to members and pay dividends on member share accounts, sharedraft accounts and certificates. RIPCO actively promotes thrift to young people in the communities we serve. The MOOLA MOOLA club is an exclusive savings club for kids age 10 and under. Children are encouraged to bring their own transactions to the credit union and receive a prize for each deposit. Members of The club also receive personal invitations to MOOLA MOOLA programs, parties and events throughout the year.RIPCO also opened a limited service branch at the local high school to promote saving amongst local youth. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 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 0 0 0 0 1 2683 0 1 54 1 1 1 0 0 0 0 0 X 7 3 0 0 0 0 1 1 1 1 1 0 1 1 0 0 0 1 1 1 0 X Liza Edinger 7153654800 121 Sutliff Avenue Rhinelander WI 54501 Heather Schallock Director 1.00 X 500 0 0 Maggie Steffen Director 1.00 X 600 0 0 Bill Vancos Director 1.00 X 550 0 0 STEVEN FERCH Chairman 1.00 X X 2400 0 0 DOUGLAS JOSLIN Vice CHAIRMAN 1.00 X X 1200 0 0 DAVID LEHMAN Secretary 1.00 X X 1200 0 0 Rod Olson Treasurer 1.00 X X 1200 0 0 LIZA EDINGER PRESIDENT/CEO 40.00 X 130720 0 39500 138370 0 39500 1 0 1 0 CUAnswers 6000 28th Street SE Suite 100 Grand Rapids MI 49546 Core Data Processor 322469 Star Systems Inc 1100 Carr Rd Wilmington DE 19809 Debit Card Processor 253805 PSCU 560 Carillon Parkway St Petersburg FL 33716 Credit Card Processor 114065 3 INTEREST on loans 522100 3211831 3211831 Fee income 522100 1063606 1054993 8613 INTERCHANGE INCOME 522100 76708 76708 sale of insurance 522100 29076 29076 4381221 700410 700410 32004 0 32004 32004 32004 29927 0 6323 29927 -6323 23604 23604 OTHER DEPOSIT FEE INCO 522100 62627 62627 RECOVERY ON CHARGED OF 522100 3975 3975 LOAN PREMIUM AMORITIZA 522100 486 486 8971 8971 76059 5213298 4448667 8613 756018 4399 177870 1474251 107403 349076 127622 13415 218265 118761 420016 81980 197384 67434 286136 44215 ATM Expense 253805 Dividends On Member Sha 226350 Bad Debt Expense 181986 Loan Servicing Expense 147315 248404 4746087 2302394 1604395 28995960 7326918 97689 217799 58222197 62161127 132286 127064 6408629 3870662 2668015 2537967 16791055 16963071 4651050 28578015 332333 274529 1051966 1114277 115244945 120905162 693924 736484 0 176191 103039581 108173875 103733505 109086550 X 0 0 0 0 11511440 11818612 11511440 11818612 115244945 120905162 467211 -160039 0 X 0 0 0 192608 192608 4371254 2379681 1991573 1566727 1284919 281808 278040 206062 71978 2537967 Deposits in Commercial Banks 21195000 C Loans to and Investments in natural person credit unions 2987000 C Membership capital at corp 106181 C Paid in Capital at corp 429369 C All other investments in Corporate Credit Unions 2000000 C All other Investments 1860465 C 28578015 MEMBERS SHARES 108173875 108173875 X X X X 0 0 0 LIZA EDINGER PRESIDENT/CEO 112548 0 17789 0 383 0 12885 0 26615 0 170220 0 0 0 Form 990, Part VI, Section A, line 6 A member is any qualified person or business that has a $5.00 deposit in a savings account at Ripco Credit Union. A member is qualified to vote if they are a member in good standing, are 18 years or older and have been a member for at least one year. Qualifying members have equal rights to vote to elect the governing body of Ripco Credit Union. Form 990, Part VI, Section A, line 7a Members vote for directors at the annual meeting. Terms for directors are 3 years. Form 990, Part VI, Section A, line 7b ANY PERSON THAT QUALIFIES TO BE A MEMBER OF RIPCO CREDIT UNION HAS VOTING RIGHTS TO ELECT THE GOVERNING BODY (BOARD OF DIRECTORS). EACH YEAR WE HOLD AN ANNUAL MEETING OF MEMBERS AND ANY DIRECTORS THAT ARE UP FOR REELECTION ARE VOTED IN BY THE MEMBERS. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Vice President of Operations prior to submission to the Internal Revenue Service. Form 990, Part VI, Section B, line 15 The board of directors has a salary committee that meets annually. The President/CEO presents a recommendation of a dollar amount to be used for employee increases and bonuses. The President/CEO provides information and statistics to support her recommendation. At that same meeting, the President/CEO excuses herself and the committee then reviews the information provided and discusses and recommends a salary increase and bonus for the President/CEO. Prior to that meeting, the board secretary mails out a packet containing at least two salary surveys and other pertinent information regarding credit union President/CEO salaries. The committee approves the president's bonus and salary for the upcoming year and presents this to the full board at the next board meeting and it is then approved by the full board. Form 990, Part VI, Section C, line 19 Governing Documents And Policies Are Available To The Public Upon Request.