2016-08-04T10:18:40-05:00 2015-12-31 390758449 Wipfli LLP PO Box 8010 Wausau WI 544028010 990 2015-01-01 390823125 WESTconsin Credit Union WEST 7152353403 3333 Schneider AveNUE SE PO BOX 160 Menomonie WI 54751 Lora Benrud CEO 7152353403 2016-08-04 1 Mary A Coates CPA P00134220 7158453111 2016-08-04 2015 2016-12-15 16:53:06Z Lora Benrud 3333 Schneider AveNUE SE PO BOX 160 Menomonie WI 54751 72047192 0 2157 X westconsincu.org X 1938 WI The organization is a cooperative, nonprofit corporation, incorporated under Wisconsin state law to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions. 7 7 442 7 3330270 0 0 0 47451708 50577637 5934460 5902533 2585056 5931482 55971224 62411652 93375 104058 0 0 21342602 23232243 0 0 0 25557137 24889849 46993114 48226150 8978110 14185502 920440384 1010727937 820231196 893607147 100209188 117120790 X The organization is a cooperative, nonprofit corporation, incorporated under Wisconsin state law to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions. 0 0 Provided low-cost financial services to 83,825 members. Served members' interests by accepting deposits, granting loans, and investing excess funds in a prudent manner. Provided over 17,000 loans for over $387 million to members. 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 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 31500 0 1 442 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X LORA BENRUD 7152353403 3333 SCHNEIDER AVENUE MENOMONIE WI 54751 DALE DAHLKE Board Member 5.00 X 6000 0 0 Todd Leipnitz Board Member 5.00 X 6000 0 0 Colleen Mensing Board Member 5.00 X 6000 0 0 DavE MAVES Chairperson 5.00 X X 6000 0 0 Gerald WOLF VicE-CHAIRPERSON 5.00 X X 6000 0 0 Lynn Brantner SecRETARY 5.00 X X 6000 0 0 Rita LuNDERVILLE TreASURER 5.00 X X 6000 0 0 LorA BENRUD CEO 40.00 X 309055 0 65438 Jerilyn Kinderman CFO 40.00 X 177982 0 17101 Jim Wookey COO 40.00 X 152376 0 44493 Mark Willer CLO 40.00 X 172848 0 38351 Gerald Fahl II CMO 40.00 X 173577 0 36792 Nicole Yarrington CTO 40.00 X 119160 0 19783 Michael Tomasek CIO 40.00 X 129931 0 32610 LiSA ZIEBARTH Mortgage Loan Originator 40.00 X 195557 0 58082 Scott Prindle Mortgage Loan Originator 40.00 X 121665 0 47951 Timothy Carlson VP - WESTconsin Investment 40.00 X 144946 0 22408 Mark Falteisek Senior Business Loan 40.00 X 112225 0 38019 Mary Howard VP-Information Technology 40.00 X 112164 0 25891 1963486 0 446919 19 0 1 0 PSCU 560 Carillon Parkway St Petersburg FL 33716 Debit & Credit Card 3374544 Fiserv Solutions of USA Inc 75 Remittance Drive Ste 6944 Chicago IL 60061 IT Solutions 1212687 CDW Direct PO Box 75723 Chicago IL 60675 Hardware, Software, IT Services 774032 Digital Insight PO Box 515306 Los Angeles CA 90051 Mobile and Online Banking 771106 Diamond Marketing Solutions 1318 Momentum Place Chicago IL 60689 Statement and Postage Processing 504684 31 LOAN INTEREST INCOME 522100 35033527 35033527 FEE INCOME 522100 14086705 14062630 24075 MORTGAGE SERVICING INCOME 900099 875477 875477 MEMBER FINANCIAL INCOME 525990 581928 581928 50577637 1920785 1920785 91133 0 91133 91133 91133 9569865 4047423 9516662 118878 53203 3928545 3981748 3981748 Provision for Loan Losses 531390 2534154 2534154 REALTY COMMISSION INCOME 531390 2432917 2432917 Title Service Income 531390 873278 873278 5840349 62411652 53178849 3330270 5902533 104058 1531495 16221609 1659765 2444747 1374627 178807 235332 2222351 1552212 2896702 5338465 1238635 412420 1386393 96800 DIVIDENDS ON MEMBER ACC 4773516 LOAN SERVICING EXPENSE 4402888 Annual Assessment and S 108562 46766 48226150 6270452 5543738 140912625 186611928 735153084 776737625 590857 719297 35461311 15178161 18724948 20283150 1007551 1456428 17780867 19375771 920440384 1010727937 6823972 8062507 813407224 885544640 820231196 893607147 X 0 0 0 0 100209188 117120790 100209188 117120790 920440384 1010727937 X 14185502 -392484 3118584 X 0 0 0 4631588 4631588 19101933 7139485 11962448 11727790 8038676 3689114 20283150 DEPOSITS 885544640 885544640 1 United Way of St Croix Valley 516 Second Street Suite 214b Hudson WI 54016 391372545 501(c)(3) 16184 General Donation/Assistance United Way of Dunn County PO Box 3266 Menomonie WI 54751 396099810 501(c)(3) 10228 General Donation/Assistance American Cancer Society Inc 250 Williams Street NW Suite 400 Atlanta GA 30303 131788491 501(c)(3) 11500 General Donation/Assistance University of River Falls Wisconsin Foundation 410 South Third Street River Falls WI 54022 396064630 501(c)(3) 8500 General Donation/Assistance Community Foundation of Dunn County Inc 500 Main Street E Suite 322 Menomonie WI 54751 391819945 501(c)(3) 8333 General Donation/Assistance Mayo Clinic Health System - Red Cedar Inc 2321 Stout Road Menomonie WI 54751 510190875 501(c)(3) 6000 General Donation/Assistance City of New Richmond 156 East First Street New Richmond WI 54017 396005554 City 5000 General Donation/Assistance 7 0 Part I, Line 2: The organization keeps track of the organizations that receive donations. X X 0 0 0 LorA BENRUD CEO 269362 0 34816 0 4877 0 38751 0 26687 0 374493 0 0 0 Jerilyn Kinderman CFO 161674 0 16038 0 270 0 16167 0 934 0 195083 0 0 0 Jim Wookey COO 137183 0 14541 0 652 0 21475 0 23018 0 196869 0 0 0 Mark Willer CLO 160717 0 10841 0 1290 0 16000 0 22351 0 211199 0 0 0 Gerald Fahl II CMO 156653 0 16234 0 690 0 23858 0 12934 0 210369 0 0 0 Michael Tomasek CIO 117560 0 12163 0 208 0 12128 0 20482 0 162541 0 0 0 LiSA ZIEBARTH Mortgage Loan Originator 192549 0 2580 0 428 0 30328 0 27754 0 253639 0 0 0 Scott Prindle Mortgage Loan Originator 119116 0 2310 0 239 0 19278 0 28673 0 169616 0 0 0 Timothy Carlson VP - WESTconsin Investment 143506 0 330 0 1110 0 21526 0 882 0 167354 0 0 0 Mark Falteisek Senior Business Loan 100524 0 10866 0 835 0 15879 0 22140 0 150244 0 0 0 Form 990, Part VI, Section A, line 6 The following persons shall be eligible for membership in this credit union: 1. Persons residing or employed in the following Wisconsin counties; Barron, Buffalo,Burnett, Chippewa, Clark Dunn, Eau Claire, Jackson, Pepin, Pierce, Polk, Rusk, St. Croix, Sawyer, Taylor, Trempealeau and Washburn. 2. Persons residing or employed in the following Minnesota counties; Anoka, Chisago, Dakota, Goodhue, Isanti, Ramsey, Wabasha & Washington. 3. Persons who are employees, members or patrons of any cooperative with a principal place of business in any of the above counties in Wisconsin or Minnesota. 4. Persons who are employees, students, or alumni of any university located in any county listed in (b)(1) or (2) above, including UW-Barron, UW-Eau Claire, UW-River Falls and UW-Stout. 5. Persons who are employees, students or alumni of any technical college located in any county listed in (b)(1)(2) above, including Chippewa Valley Technical College, Dakota County Technical College and Wisconsin Indianhead Technical College. 6. Members of or contributors to any alumni association or foundation associated with a university or technical college located in any county listed in (b)(1) or (2) above. 7. Any employee of this credit union. 8. Members of the immediate family of all persons eligible for membership. Form 990, Part VI, Section A, line 7a The organization has members who elect members of the governing body annually. The members have the ability (with three-fourths vote) to remove any directors or amend the bylaws. Form 990, Part VI, Section A, line 7b At any meeting of the members, if the notice so indicates, a majority of members present may direct the Board to do any of the following: 1. Consider implementing any policy proposed by the members. 2. Reconsider any decision of the Directors, officers, or committees. Form 990, Part VI, Section B, line 11 The VP of Accounting accumulates all 990 and 990-t information, including the UBIT calculations and provides to the organization's tax preparer to provide the tax returns. These documents are reviewed by the CFO. The 990 and the 990-T are reviewed by the governing body and senior management prior to submission to the internal revenue service. Form 990, Part VI, Section B, line 12c The organization's conflict of interest policy is reviewed annually by the governing body and the policy is reviewed annually by employees. The governing body verifies employees are in compliance with conflict of interest policy. Form 990, Part VI, Section B, line 15 The credit union receives several annual salary surveys and subscribes to services from a company specializing in compensation to review pay structure and continually provide the credit union with annual pay comparisons to similar positions in the industry. The organization's board of directors has final approval over the CEO's compensation. The board of directors also discuss and approve the compensation for the remaining executive level positions. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XI, line 9: change in Other Comprehensive Income -212,402. Equity Acquired in Merger 3,330,986. WESTCONSIN REALTY LLC 3333 Schneider AveNUE SE PO BOX 160 MENOMONIE WI 54751 200157525 REAL ESTATE BROKERAGE SERVICES WI 2436340 1041756 WESTCONSIN CREDIT UNION WESTConsin Title Services LLC 3333 Schneider AveNUE SE PO BOX 160 meNOMONIE WI 54751 455377540 General Title Services WI 873487 527790 WeSTCONSIN CREDIT UNION