2017-05-15T09:54:27-05:00 2016-12-31 390758449 WIPFLI LLP PO BOX 8010 WAUSAU WI 544028010 990 2016-01-01 390555293 EDUCATORS CREDIT UNION EDUC 2628865900 1326 WILLOW ROAD MT PLEASANT WI 53177 KURT JOHNSON CFO 2628865900 2017-05-11 1 MARY A COATES CPA P00134220 7158453111 2017-05-11 216.54.158.3 2017-05-11 12:59:31 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 41ABCD53C4B0AAEE285E84ABDCCA064939346133 2016 2021-01-29 14:40:06Z KURT JOHNSON 1326 WILLOW ROAD MT PLEASANT WI 53177 83078587 0 2157 X WWW.ECU.COM X 1937 WI TO PROVIDE EXCEPTIONAL, PERSONALIZED, AND CONVENIENT PRODUCTS AND SERVICES TO ASSIST OUR MEMBERS/OWNERS IN REACHING THEIR FINANCIAL GOALS. 13 13 539 13 0 0 0 0 72078748 79745872 1601089 2555389 297942 412510 73977779 82713771 400342 360324 0 0 20731127 22934245 0 0 0 39522195 45622176 60653664 68916745 13324115 13797026 1566269014 1676971961 1384059579 1482195401 182209435 194776560 THE CREDIT UNION OPERATES TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A REASONABLE RATE OF INTEREST, AND TO PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. 0 0 LENDING - PROVIDE BUSINESS AND CONSUMER LOANS AND LEASES WITH BALANCES OF $1,330,230,274. SAVING - PROVIDE SAVING, CHECKING, CDS, IRAS AND MONEY MARKET ACCOUNT WITH BALANCES OF $1,461,054,220. WE HAVE OVER 146,050 MEMBERS AND FOCUS ON EDUCATING THEM IN OUR BRANCHES AS WELL AS THROUGH COMMUNITY ACTIVITES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 108834 0 1 539 1 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 0 X JAMES JUSTMAN 2628865900 1326 WILLOW RAOD MT PLEASANT WI 53177 CLARENCE ALLEN BOARD MEMBER 1.00 X 1600 0 0 MILTON DOCKERY BOARD MEMBER 1.00 X 1550 0 0 WILLIAM HALSEY BOARD MEMBER 1.00 X 1800 0 0 PAUL PELZEK BOARD MEMBER 1.00 X 1850 0 0 MARY ANN SMITH BOARD MEMBER 1.00 X 2750 0 0 JANET DAYS ASSOCIATE BOARD MEMBER 1.00 X 650 0 0 ELTON DEMETI ASSOCIATE BOARD MEMBER 1.00 X 1200 0 0 SARAH FIEREK ASSOCIATE BOARD MEMBER 1.00 X 400 0 0 LOGAN MARTIN ASSOCIATE BOARD MEMBER 1.00 X 400 0 0 MARY LUENEBURG PRESIDENT 1.00 X X 5600 0 0 CHERYL KOTHE VICE PRESIDENT 1.00 X X 2050 0 0 BRAD ZAUTCKE SECRETARY 1.00 X X 2550 0 0 ROBERT STEPIEN TREASURER 1.00 X X 1550 0 0 MICHAEL ISELIN TREASURER (THRU JUNE) 1.00 X X 900 0 0 EUGENE SZYMCZAK CEO (THRU DECEMBER) 40.00 X 599894 0 39757 KURT JOHNSON CFO 40.00 X 195390 0 2668 JAMES HENDERSON CAO 40.00 X 194383 0 28713 LINDA HOOVER COO/INTERIM CEO 40.00 X 218216 0 32944 MICHAEL MIKKELSON CIO 40.00 X 183827 0 18488 PETER STEIN SR VP-HUMAN RESOURCES 40.00 X 167449 0 37955 GLENN BRUSKY BRANCH MANAGER 40.00 X 118810 0 21411 DALE DREHER SECURITY ARCHITECT 40.00 X 116976 0 12280 DIANE HENDERSON HR MANAGER 40.00 X 109050 0 28377 1928845 0 222593 12 0 1 0 BUKACEK CONSTRUCTION 2429 SUMMIT AVENUE RACINE WI 53404 CONSTRUCTION SERVICES 3114645 EDGE ONE INC 161 BUSINESS PARK CIRCLE STOUGHTON WI 53589 IT SERVICES 1119163 ALKAMI TECHNOLOGY INC PO BOX 670397 PLANO TX 75267 IT SERVICES 948162 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 IT SERVICES 868144 INFOIMAGE 141 JEFFERSON DRIVE MENLO PARK CA 94025 STATEMENT SERVICES 654800 31 INTEREST ON LOANS 522100 52428543 52428543 CREDIT CARD INTERCHANGE INCOME 522100 12977442 12977442 MEMBER SERVICE FEES 522100 9372051 9372051 OTHER INCOME 522100 3010150 3010150 LOAN SERVICE FEES 522100 1572048 1572048 385638 385638 79745872 2769083 2769083 452486 151122 301364 301364 301364 213694 -213694 -213694 -213694 GIFT CARD INCOME 900099 2222 2222 108924 108924 111146 82713771 79745872 0 2967899 360324 1336814 16456152 1672918 2116975 1351386 187701 328878 32769 2076802 4556646 8080807 3328347 211077 432631 3 3708305 323467 PROVISION FOR LOAN LOSS 6835493 DIVIDENDS PAID 6080880 DEBIT AND CREDIT CARD E 4659790 CASH BACK REWARDS 1979445 2799135 68916745 22816823 23955870 59028470 56815972 0 40273 1231587513 1330230274 2427005 2431664 69029499 20362778 47599815 48666721 117601692 153578934 64419711 39934482 20787985 21317771 1566269014 1676971961 6522882 6974297 1377536697 1475221104 1384059579 1482195401 X 0 0 0 0 182209435 194776560 182209435 194776560 1566269014 1676971961 X 13797026 -1195213 -34689 X X 0 1 X 1 0 8096561 8096561 43186068 14387787 28798281 454282 400982 53300 17292588 5574009 11718579 48666721 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1461054220 OUTSTANDING DRAFTS PAYABLE 12844557 OTHER LIABILITIES 1322327 1475221104 1 UNITED WAY RACINE COUNTY 2000 DOMANIK DRIVE RACINE WI 53404 390806349 501(C)(3) 48767 GENERAL SUPPORT KIDS FIRST FUND PO BOX 044654 RACINE WI 53406 510188377 501(C)(3) 30000 GENERAL SUPPORT UNITED WAY OF GREATER MILWAUKEE BOX 88110 MILWAUKEE WI 53288 390806190 501(C)(3) 21911 GENERAL SUPPORT ST MONICA'S SENIOR LIVING 3920 NORTH GREEN BAY ROAD RACINE WI 53404 391137868 501(C)(3) 20000 GENERAL SUPPORT WHEATON FRANCISCAN HEALTHCARE 400 W RIVER WOODS PARKWAY GLENDALE WI 53212 391568865 501(C)(3) 20000 GENERAL SUPPORT VISIONING A GREATER RACINERACINE INTERFAITH COALITION 2302 DEKOVEN AVE A RACINE WI 53403 391787803 501(C)(3) 20000 GENERAL SUPPORT HALO INC 2000 DEKOVEN AVE RACINE WI 53403 202041432 501(C)(3) 10000 GENERAL SUPPORT RIVER BEND NATURE CENTER 3600 N GREEN BAY RD RACINE WI 53404 455347146 501(C)(3) 10000 GENERAL SUPPORT RACINE FAMILY YMCA 725 LAKE AVE RACINE WI 53403 390807254 501(C)(3) 6240 GENERAL SUPPORT RACINE SYMPONY ORCHESTRA 800 CENTER STREET SUITE 100 RACINE WI 53403 396076878 501(C)(3) 5086 GENERAL SUPPORT RACINE COUNTY ECONOMIC DEVELOPMENT 2320 RENAISSANCE BOULEVARD STURTEVANT WI 53177 930846583 501(C)(3) 5000 GENERAL SUPPORT RACINE COMMUNITY FOUNDATION 1135 WARWICK WAY SUITE 200 RACINE WI 53406 510188377 501(C)(3) 5000 GENERAL SUPPORT RACINE BRANCH NAACP 1633 RACINE STREET RACINE WI 53403 391671996 501(C)(3) 5000 GENERAL SUPPORT HOMELESS ASSIST LEADERSHIP 2000 DEKOVEN AVE RACINE WI 53403 202041432 501(C)(3) 5000 GENERAL SUPPORT RACINE YMCA LEADER ACADEMY 725 LAKE AVE RACINE WI 53403 390807254 501(C)(3) 5000 GENERAL SUPPORT WISCONSIN HUMANE SOCIETY 2706 CHICORY ROAD RACINE WI 53403 390810533 501(C)(3) 5000 GENERAL SUPPORT MDA 330 S EXECUTIVE DR SUITE 100A BROOKFIELD WI 53005 131665552 501(C)(3) 5000 GENERAL SUPPORT JUNIOR ACHIEVEMENT 1111 W LIBERTY DRIVE MILWAUKEE WI 53224 841223492 501(C)(3) 5000 GENERAL SUPPORT 18 0 PART I, LINE 2: BRANCH MANAGERS HAVE THE ABILITY TO APPROVE GRANTS TO A CERTAIN AMOUNT, AFTER THAT AMOUNT, THE GRANTS WOULD HAVE TO BE APPROVED BY THEIR MANAGER. LARGER GRANTS ARE APPROVED BY SENIOR MANAGEMENT AND ARE CONSIDERED COMMUNITY BENEFIT CONTRIBUTIONS. X X 1 1 X X X 0 1 0 EUGENE SZYMCZAK CEO (THRU DECEMBER) 451039 0 25793 0 123062 0 32625 0 7132 0 639651 0 0 0 KURT JOHNSON CFO 184676 0 10508 0 206 0 2623 0 45 0 198058 0 0 0 JAMES HENDERSON CAO 174857 0 10053 0 9473 0 21837 0 6876 0 223096 0 0 0 LINDA HOOVER COO/INTERIM CEO 194303 0 11268 0 12645 0 22383 0 10561 0 251160 0 0 0 MICHAEL MIKKELSON CIO 173205 0 10098 0 524 0 4686 0 13802 0 202315 0 0 0 PETER STEIN SR VP-HUMAN RESOURCES 151704 0 9039 0 6706 0 19822 0 18133 0 205404 0 0 0 PART I, LINE 4B EUGENE SZYMCZAK- $24,000 JAMES HENDERSON - $24,000 KURT JOHNSON - $8,450 MICHAEL MIKKELSON - $6,614 PETER STEIN - $4,000 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION CONSISTS OF MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE/SAVINGS ACCOUNT. EACH MEMBER HAS ONE VOTE TO ELECT THE GOVERNING BODY (BOARD OF DIRECTORS). FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP UTILIZING THEIR ONE VOTE PER MEMBER. FORM 990, PART VI, SECTION A, LINE 7B A MERGER IN WHICH EDUCATORS CREDIT UNION WAS NOT THE SURVIVING CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 8B MINUTES ARE NOT TAKEN FOR SUBCOMMITTEES OF THE BOARD, WITH THE EXCEPTION OF THE ALM COMMITTEE, TECHNOLOGY COMMITTEE AND THE AUDIT COMMITTEE. THE ACTIONS RECOMMENDED BY THE SUBCOMMITTEES ARE PRESENTED TO THE FULL BOARD FOR APPROVAL AND INCLUDED IN THEIR MINUTES. 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 EMPLOYEES ARE REQUIRED ANNUALLY TO SIGN THE OATH OF OFFICE AND REPORT ANY CONFLICTS OF INTEREST. THE ORGANIZATION ENCOURAGES EMPLOYEES TO DISCUSS POTENTIAL CONFLICTS WITH THEIR MANAGER, HUMAN RESOURCES, INTERNAL AUDIT, OR BY REPORTING TO OUR ANONYMOUS FRAUD LINE. ALL REPORTS ARE INVESTIGATED AND ADDRESSED AS NECESSARY. EMPLOYEE AND BOARD MEMBER ACCOUNTS ARE PERIODICALLY REVIEWED FOR ANY IRREGULARITIES THAT WOULD POINT TO A VIOLATION OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION OBTAINS ANNUAL SALARY DATA FROM A 3RD PARTY VENDOR. THE BUDGETING PROCESS AND BOARD APPROVE PERCENTAGE INCREASE FOR OVERALL SALARY INCREASES. ANNUAL INCREASES ARE GIVEN BASED ON SALARY RANGE, POSITION IN RANGE, PERFOMANCE, LENGTH OF EMPLOYMENT, TIME IN POSITION, AND THE BOARD APPROVED AVERAGE PERCENTAGE INCREASE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUESTS. FORM 990, PART XI, LINE 9: MARKET ADJUSTMENT ON FORECLOSED ASSETS -34,689. FORM 990, PART XII, LINE 2C: THE BOARD IS IN CHARGE OF OVERSIGHT OF THE AUDIT PROCESS. THERE HAS BEEN NO CHANGE IN THE OVERSIGHT PROCESS FROM THE PRIOR YEAR. CENTER STREET REAL ESTATE LLC 1400 N NEWMAN ROAD RACINE WI 53406 REAL ESTATE WI 0 0 N/A IVANHOE PLACE REAL ESTATE LLC 1400 N NEWMAN ROAD RACINE WI 53406 REAL ESTATE WI 0 0 N/A HOWARD AVENUE REAL ESTATE LLC 1400 N NEWMAN ROAD RACINE WI 53406 REAL ESTATE WI 0 0 N/A MOUNT PLEASANT REAL ESTATE LLC 1400 N NEWMAN ROAD RACINE WI 53406 REAL ESTATE WI 0 0 N/A KITCHEN TABLE REAL ESTATE 1400 N NEWMAN ROAD RACINE WI 53406 REAL ESTATE WI 0 0 N/A WEST BEND REAL ESTATE 1400 N NEWMAN ROAD RACINE WI 53406 REAL ESTATE WI 0 0 N/A PLEASANT PRAIRIE LLC 1400 N NEWMAN ROAD RACINE WI 53406 REAL ESTATE WI 0 0 N/A