2016-05-13T10:03:21-05:00 2015-12-31 390912608 HAWKINS ASH CPAS LLP 2360 DUCK CREEK PARKWAY GREEN BAY WI 543033300 990 2015-01-01 390812058 FORWARD FINANCIAL CREDIT UNION FORW 7152514546 PO BOX 48 NIAGRA WI 541510048 TAMMY YOUNG VP OF OPERATIONS 7152514546 2016-05-11 1 STEVEN G HANDRICK P00007603 9203369850 2015 2016-12-15 16:53:06Z X ROB LANGSFORD 1250 ROOSEVELT ROAD NIAGRA WI 54151 3616978 0 X WWW.FORWARDFINANCIALCU.COM X 1948 WI FORWARD FINANCIAL CREDIT UNION, AS A MEMBER OWNED DIRECTED COMMUNITY FINANCIAL INSTITUTION, IS DEDICATED TO SERVING THE PRESENT AND FUTURE FINANCIAL NEEDS OF OUR MEMBERS, INCLUDING LOW-INCOME AND UNDERSERVED POPULATION THROUGH COST EFFECTIVE FINANCIAL SERVICES. 7 7 40 7 27794 -46552 0 0 3849414 3517866 50751 99112 0 0 3900165 3616978 0 0 0 0 1497492 1379585 0 0 0 2301973 2064992 3799465 3444577 100700 172401 67523435 69365086 59413232 61082484 8110203 8282602 FORWARD FINANCIAL CREDIT UNION, AS A MEMBER OWNED DIRECTED COMMUNITY FINANCIAL INSTITUTION, IS DEDICATED TO SERVING THE PRESENT AND FUTURE FINANCIAL NEEDS OF OUR MEMBERS, INCLUDING LOW-INCOME AND UNDERSERVED POPULATION THROUGH COST EFFECTIVE FINANCIAL SERVICES. 0 0 LOANS: CONSUMER, BUSINESS, AND REAL ESTATE SAVING, CERTIFICATE OF DEPOSIT, MONEY MARKETS, CHECKING, AND IRAS CASH HANDLING/CHECKING CASH FOR MEMBERS ONLY 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1429 0 1 40 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X ROB LANGSFORD 7152514546 1250 ROOSEVELT ROAD NIAGARA WI 54151 KERRY GRIPPEN CHAIRPERSON 2.00 X X 3000 0 0 CHARLES AIRCHNER VICE CHAIRPERSON 2.00 X X 1200 0 0 CRAIG PAULSON SECRETARY 2.00 X X 2400 0 0 SCOTT PANCHERI TREASURER 2.00 X X 2400 0 0 DAN DECKER DIRECTOR 2.00 X 1200 0 0 ROBERT GANNON DIRECTOR 2.00 X 0 0 0 MARY ELLEN WELCHER DIRECTOR 2.00 X 0 0 0 ROBERT LANGSFORD PRESIDENT/CEO 40.00 X 89944 0 11888 DENISE SAULD VP FINANCIAL SERVICES 40.00 X 81942 0 3662 TAMMY YOUNG VP OPERATIONS 40.00 X 67149 0 8064 249235 0 23614 0 0 0 0 FISERV 75 REMITTANCE DR STE 6974 CHICAGO IL 60675 DATA PROCESSING 309470 1 INTEREST ON LOANS 522100 2665147 2665147 FEE INCOME 522100 519997 519997 OTHER INCOME 522100 304928 304928 NON MEMBER ATM FEE INC 522100 27794 27794 3517866 83456 83456 15656 0 15656 15656 15656 3616978 3589184 27794 0 X 249235 821020 80524 148197 80609 33000 442459 44480 516525 264986 18500 DIVIDENS ON SHARES 292092 LOAN SERVICING EXPENSE 181846 PROVISION FOR BAD DEBIT 150832 MISCELLANEOUS EXPENSE 107063 13209 3444577 5415516 5548687 7140239 11599209 51057903 48157794 15020 6405684 3139819 3563855 3265865 537711 345922 240800 67523435 69365086 315767 410944 59097465 60671540 59413232 61082484 X 0 0 4757721 4757721 3352482 3524881 8110203 8282602 67523435 69365086 X 172401 -2 X 0 0 0 101300 101300 3360950 1267831 2093119 2415671 1606939 808732 527763 265049 262714 3265865 MEMBER SHARES 60671540 60671540 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ELECTION AT ANNUAL MEETING. UNLESS AN ALTERNATE ELECTION METHOD SET FORTH IN THE ORGANIZATION'S BYLAWS IS AUTHORIZED BY THE BOARD, DIRECTORS SHALL BE ELECTED BY THE MEMBERS PRESENT AT THE ANNUAL MEETING IN THE FOLLOWING MANNER: (A) THE CHAIRPERSON MAY APPOINT A NOMINATING COMMITTEE CONSISTING OF NOT FEWER THAN THREE (3) MEMBERS OF THE CREDIT UNION. IF APPOINTED, THE NOMINATING COMMITTEE SHALL NOMINATE ONE (1) OR MORE MEMBERS FOR EACH VACANCY ON THE BOARD, INCLUDING ANY UNEXPIRED TERM OCCUPIED BY A DIRECTOR APPOINTED BY THE BOARD UNDER SECTION 7 OF THIS ARTICLE. (B) AFTER THE NOMINATIONS OF THE NOMINATING COMMITTEE, IF ANY, HAVE BEEN PLACED BEFORE THE MEMBERS AT THE ANNUAL MEETING THE VOTES SHALL BE TAKEN AND TALLIED BY THE NOMINATING COMMITTEE, AND THE RESULTS SHALL BE ANNOUNCED. EXCEPT AS PROVIDED IN PARAGRAPH (C) ALL ELECTIONS SHALL BE DETERMINED BY PLURALITY VOTE, AND SHALL BE BY BALLOT EXCEPT WHEN THE NUMBER OF NOMINEES DOES NOT EXCEED THE NUMBER OF VACANCIES TO BE FILLED. (C) IF TWO (2) OR MORE CANDIDATES FOR DIRECTOR RECEIVE AN EQUAL NUMBER OF VOTES, AND RESOLUTION OF THE TIE VOTE AFFECTS THE ELECTION OF ONE (1) OR MORE DIRECTORS, THE MEMBERS PRESENT AT THE ANNUAL MEETING SHALL EITHER ELECT BY A PLURALITY VOTE THE APPROPRIATE NUMBER OF DIRECTORS FROM AMONG THE CANDIDATES WHO RECEIVED THE EQUAL NUMBER OF VOTES IN THE INITIAL BALLOTING, OR SHALL AUTHORIZE THOSE CANDIDATES TO RESOLVE THE TIE VOTE BY A DRAWING OF LOTS. FORM 990, PART VI, SECTION B, LINE 11 COPIES OF THE FORM 990 WERE DISTRIBUTED TO THE GOVERNING BOARD PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICER, EMPLOYEE, AND DIRECTOR'S ACTIVITIES WITHIN THE CREDIT UNION ARE MONITORED DAILY, ALL LOAN ADVANCES NEED APPROVAL OF A MAJORITY, AND THE POLICY IS REVIEWED AND SIGNED YEARLY. IF THERE IS A CONFLICT OF INTEREST THE OFFICER, EMPLOYEE, OR DIRECTOR IS REMOVED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO AND THE ORGANIZATION'S OFFICERS IS DETERMINED AND APPROVED BY THE PERSONNEL COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G MAINTENANCE AGREEMENT 355,184. IT(INFORMATIONTECHNOLOGY)CONSULTING 878. ISP/ SUPPORT 69,920. SOFTWARE SUPPORT-MC 16,477. FORM 990, PART XI, LINE 9: ROUNDING -2.