2025-11-14T13:13:11-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2024-01-01 410415960 TOPLINE FINANCIAL CREDIT UNION TOPL 7633919494 9353 JEFFERSON HIGHWAY MAPLE GROVE MN 55369 MITCHELL OLSON PRESIDENT AND CEO 7633919494 2025-11-13 1 0 TANYA MEDGAARDEN P01717240 5074347000 2025-11-13 2024 2025-03-06 01:10:19Z MITCHELL OLSON 9353 JEFFERSON HIGHWAY MAPLE GROVE MN 55369 55854823 0 X WWW.TOPLINECU.COM X CREDIT UNION 1996 MN DEDICATED TO BUILDING LIFE-LONG RELATIONSHIPS TO HELP YOU REACH AND MANAGE YOUR PERSONAL FINANCIAL GOALS. 11 9 207 14 54909 0 0 0 40907024 51375433 1455997 4265256 513754 -89453 42876775 55551236 0 0 7714729 13455934 12925898 14975842 0 0 0 15103018 20711767 35743645 49143543 7133130 6407693 801323948 1107207561 732517334 1006019359 68806614 101188202 DEDICATED TO BUILDING LIFE-LONG RELATIONSHIPS TO HELP YOU REACH AND MANAGE YOUR PERSONAL FINANCIAL GOALS. 0 0 MEMBERS HELPING MEMBERS IN A COMMUNITY-BASED, NOT-FOR-PROFIT ORGANIZATION, WITH THE GOAL OF BECOMING OUR MEMBERS PRIMARY FINANCIAL INSTITUTION 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 20033 0 1 207 1 1 1 0 0 0 0 0 0 0 0 0 X 11 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JEREMY EBERT 7633910574 9353 JEFFERSON HIGHWAY MAPLE GROVE MN 55369 MITCHELL OLSON CEO 40.00 X X 439869 0 50738 JEREMY EBERT SVP FINANCE & CFO 40.00 X X 242767 0 33712 PAUL JACOBSON CHAIR 1.00 X X 0 0 0 JOAN MOLENAAR VICE CHAIR 1.00 X X 0 0 0 BILL HNATH TREASURER 1.00 X X 0 0 0 JOHN JACOBS SECRETARY 1.00 X X 0 0 0 PAM STEGORA AXBERG DIRECTOR 1.00 X 0 0 0 KELLY BREIT DIRECTOR 1.00 X 0 0 0 DAVID ENSTENESS DIRECTOR 1.00 X 0 0 0 PRABHAKAR KARRI DIRECTOR 1.00 X 0 0 0 THERESE KIEFFER DIRECTOR 1.00 X 0 0 0 KENT ENGLER SVP MEMBER SERVICES & BRAN 40.00 X 466938 0 19127 SHAWN GAUSTAD SENIOR INVESTMENT REPRESEN 40.00 X 413323 0 27152 VICKI ERICKSON CMO 40.00 X 256811 0 35485 ALAN SONNENBURG SVP LENDING, CLO 40.00 X 232683 0 28452 COLLEEN JAKES SVP INFORMATION SERVICES 40.00 X 219747 0 22362 2272138 0 217028 21 0 1 0 LA MACCHIA GROUP 157 NORTH MILWAUKEE ST MILWAUKEE WI 53202 BUILDING CONSTRUCTION 8750993 FISERV PO BOX 934057 ATLANTA GA 311934057 DATA PROCESSING HARDWARE & SOFTWARE 5685894 ALKAMI TECHNOLOGY 5601 GRANITE PARKWAY STE 120 PLANO TX 75024 DATA PROCESSING SOFTWARE 3715370 NUSOURCE FINANCIAL 9749 HAMILTON ROAD EDEN PRAIRIE MN 55344 EQUIPMENT/TECH SERVICE 2454312 KARE11COM 8811 OLSON MEMORIAL HWY MINNEAPOLIS MN 55427 TV ADVERTISING 1590791 95 INTEREST INCOME 522100 41333025 41333025 OTHER INCOME 522100 7370526 7370526 FEE INCOME 522100 2671882 2616973 54909 51375433 4333033 4333033 235810 303587 -67777 -67777 -67777 OTHER NON-INTEREST INCOME 522100 -89453 -89453 -89453 55551236 51231071 54909 4265256 13455934 767086 11557803 756396 1117471 777086 3750797 985276 3653835 1175695 357045 3672631 1261930 PROVISION FOR CREDIT LO 2390161 LOAN SERVICING EXPENSE 2172867 MISCELLANEOUS 1257741 OPERATING FEES 33789 49143543 7125822 5927479 13625547 61464504 23092 36352 5391025 4814707 699287890 855027745 1164325 1210551 32886728 10752556 13080831 22134172 10001624 35541881 84507991 792469 11200824 25291066 50881612 801323948 1107207561 25389850 15399536 59169790 68305791 647957694 922314032 732517334 1006019359 X 0 0 0 0 68806614 101188202 68806614 101188202 801323948 1107207561 X 6407693 403659 25570236 X 0 0 0 10023911 10023911 13430641 4586808 8843833 791901 791901 0 8640275 5373847 3266428 22134172 AVAILABLE FOR SALE 27675396 F FHLB STOCK 3135800 C HELD TO MATURITY 52117112 C EQUITY SECURITIES 1579683 F 84507991 DEPOSITS 922314032 922314032 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE (IRC) 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTVITIES IT HAS DEEMED TAXABLE. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIT AS OF JUNE 30, 2024 AND 2023. THE CREDIT UNION'S 2021 THROUGH 2023 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL STATE TAXING AUTHORITIES. X 1 1 X X X X 1 0 0 MITCHELL OLSON CEO 349189 0 75344 0 15336 0 36568 0 14170 0 490607 0 0 0 KENT ENGLER SVP MEMBER SERVICES & BRAN 132675 0 111581 0 222682 0 13959 0 5168 0 486065 0 0 0 SHAWN GAUSTAD SENIOR INVESTMENT REPRESEN 0 0 412689 0 634 0 22210 0 4942 0 440475 0 0 0 VICKI ERICKSON CMO 214538 0 41481 0 792 0 31381 0 4104 0 292296 0 0 0 JEREMY EBERT SVP FINANCE & CFO 213385 0 28907 0 475 0 23002 0 10710 0 276479 0 0 0 ALAN SONNENBURG SVP LENDING, CLO 193839 0 38082 0 762 0 17792 0 10660 0 261135 0 0 0 COLLEEN JAKES SVP INFORMATION SERVICES 180442 0 38554 0 751 0 12392 0 9970 0 242109 0 0 0 PART I, LINE 1A NO COMPENSATION PAID IN 2024. PART I, LINE 4A KENT ENGLER - SEVERANCE PAYMENT - $155,744 THOMAS SMITH CEO SPLIT DOLLAR LOAN X 5200000 4814707 0 1 1 4814707 SCHEDULE L, PART II NOTED THESE TO BE A NON-RECOURSE PLAN THAT IS RECORDED ON THE BALANCE SHEET AT THE LOWER OF LOAN BALANCE OR CASH SURRENDER VALUE. BECAUSE THE CASH SURRENDER VALUE WAS LOWER, WE REPORTED THAT AMOUNT FOR BALANCE SHEET PURPOSES. HOWEVER, THE ACTUAL LOAN BALANCES ARE AS FOLLOWS:TOM SMITH - 5,494,526 FORM 990, PART VI, SECTION A, LINE 6 OUR MEMBERS ARE COMPOSED OF THOSE WHO LIVE, WORK, WORSHIP, VOLUNTEER, OR ATTEND SCHOOL IN THE COUNTIES OF ANOKA, BENTON, CARVER, CHISAGO, DAKOTA, HENNEPIN, ISANTI, KANABEC, MILLE LACS, PINE, RAMSEY, SCOTT, SHERBURNE, WASHINGTON OR WRIGHT COUNTIES IN MINNESOTA AND THEIR IMMEDIATE FAMILY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ALL PRIMARY MEMBERS HAVE THE RIGHT TO VOTE TO ELECT MEMBERS TO OUR GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ALL ELIGIBLE MEMBERS MAY VOTE ON CHANGES TO THE BYLAWS OF TOPLINE FINANCIAL CREDIT UNION, APPROVAL OF A DIRECTOR STIPENDS, REMOVAL OF DIRECTORS AND MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CEO AND CFO. FORM 990, PART VI, SECTION B, LINE 12C ALL POLICIES ARE REVIEWED YEARLY BY SENIOR MANAGEMENT AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENT OF HUMAN RESOURCES USES AN INDEPENDENT CONSULTANT, BALANCE COMP., TO REVIEW AND COLLECT INFORMATION FROM CREDIT UNION EXECUTIVE SOCIETY (CUES) CUNA AND OTHER OUT SIDE AGENCIES TO FORMULATE RANGES FOR COMPENSATION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST AND INCLUDED IN ANNUAL REPORT. FORM 990, PART XI, LINE 9: EQUITY ACQUIRED IN MERGER 26,788,700. CHANGE IN OCI -431,111. FAIR VALUE ADJUSTMENT DUE TO MERGER -787,353.