2015-07-30T10:49:58-05:00 2014-12-31 390758449 WIPFLI LLP PO BOX 8010 WAUSAU WI 544028010 990 2014-01-01 390555293 EDUCATORS CREDIT UNION EDUC 2628865900 1326 WILLOW ROAD MT PLEASANT WI 53177 EUGENE SZYMCZAK CEO 2628865900 2015-07-30 1 MARY A COATES CPA P00134220 7158453111 2014 2016-02-25 16:41:14Z X EUGENE SZYMCZAK 1326 WILLOW ROAD MT PLEASANT WI 53177 71088546 0 2157 X WWW.ECU.COM X 1937 WI OUR MISSION IS TO PROVIDE EXCEPTIONAL, PERSONALIZED, AND CONVENIENT PRODUCTS AND SERVICES TO ASSIST OUR MEMBERS/OWNERS IN REACHING THEIR FINANCIAL GOALS. 9 5 474 12 0 0 0 0 68034824 68299817 1459075 2082328 -128207 88138 69365692 70470283 300183 314135 0 0 17573044 19754534 0 0 0 39810023 39374763 57683250 59443432 11682442 11026851 1436639856 1478928304 1278542324 1309902861 158097532 169025443 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 - PROVIDED NON COMMERCIAL LOANS, MORTGAGES AND LEASES WITH BALANCES OF $1,156,886,222. SAVING - PROVIDED SAVING, CHECKING, CDS, IRAS AND MONEY MARKET ACCOUNTS WITH BALANCES OF $1,294,190,069. WE HAVE OVER 128,000 MEMBERS AND FOCUS ON EDUCATING THEM IN OUR BRANCHES AS WELL AS THROUGH COMMUNITY ACTIVITIES. 0 0 0 0 0 0 0 0 0 1 1 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 1 1 0 0 1 87047 0 1 474 1 0 0 0 0 0 0 0 0 X 9 5 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 0 1 1 0 X JAMES JUSTMAN 2628865900 1326 WILLOW RAOD MT PLEASANT WI 53177 JANET DAYS BOARD MEMBER 1.00 X 300 0 0 KRISTINE DIENER BOARD MEMBER (THRU NOVEMBER) 1.00 X 2100 0 0 MILTON DOCKERY BOARD MEMBER 1.00 X 800 0 0 WILLIAM HALSEY BOARD MEMBER 1.00 X 500 0 0 PAUL PELZEK BOARD MEMBER 1.00 X 950 0 0 MARY ANN SMITH BOARD MEMBER 1.00 X 900 0 0 CLARENCE ALLEN ASSOCIATE BOARD MEMBER 1.00 X 700 0 0 ELTON DEMETI ASSOCIATE BOARD MEMBER 1.00 X 400 0 0 MICHAEL ISELIN ASSOCIATE BOARD MEMBER 1.00 X 650 0 0 MARY LUENEBURG PRESIDENT 1.00 X X 2000 0 0 CHERYL KOTHE VICE PRESIDENT 1.00 X X 1050 0 0 DAVE HOLLE SECRETARY 1.00 X X 950 0 0 BRAD ZAUTCKE TREASURER 1.00 X X 900 0 0 EUGENE SZYMCZAK CEO 40.00 X 447867 0 13523 MICHELLE GABOR CFO 40.00 X 181403 0 11618 ROBERT WALLESER SR VP-BRANCH OPERATIONS (THRU APRIL) 40.00 X 240419 0 12434 JAMES HENDERSON SR VP - MEMBER ENHANCEMENTS 40.00 X 167657 0 13293 LINDA HOOVER SR VP - LENDING 40.00 X 164079 0 14207 JOHN GAREY VP - FINANCIAL SERVICES 40.00 X 150434 0 26381 PETER STEIN SR VP-HUMAN RESOURCES 40.00 X 149576 0 21158 JAMES HOOPER VP-FACILITIES 40.00 X 112115 0 24830 GLENN BRUSKY BRANCH MANAGER 40.00 X 109998 0 9691 DIANE HENDERSON HR MANAGER 40.00 X 105425 0 2691 1841173 0 149826 10 0 1 0 BUKACEK CONSTRUCTION 2429 SUMMIT AVENUE RACINE WI 53404 CONSTRUCTION SERVICES 1118233 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 IT SERVICES 1021006 EDGE ONE INC 161 BUSINESS PARK CIRCLE STOUGHTON WI 53589 IT SERVICES 871663 BLACK DIAMOND GROUP INC PO BOX 394 OAK CREEK WI 53154 PAVING SERVICES 500545 FISERV 75 REMITTANCE DRIVE SUITE 1649 CHICAGO IL 60675 IT SERVICES 455468 27 INTEREST ON LOANS 522100 48006799 48006799 CREDIT CARD INTERCHANGE INCOME 522100 10286222 10286222 MEMBER SERVICE FEES 522100 7976954 7976954 LOAN SERVICE FEES 522100 1174465 1174465 OTHER INCOME 522100 475489 475489 379888 379888 68299817 2012092 2012092 557764 618263 -60499 -60499 -60499 70236 0 70236 70236 70236 GIFT CARD INCOME 900099 3100 3100 145537 145537 148637 70470283 68299817 0 2170466 X 314135 1455515 13381935 1743247 1982765 1191072 199426 265962 938700 3910400 6119166 3151614 186778 532174 2 3210081 236059 PROVISION FOR LOAN LOSS 8426976 DIVIDENDS PAID 5542032 DEBIT AND CREDIT CARD E 2212757 CASH BACK REWARDS 1864132 2578504 59443432 14498832 15010591 93844330 43708486 1121617001 1156886220 1176863 1558083 75274769 30069038 40811618 45205731 68058552 108222327 67978980 81173380 28653680 27163486 1436639856 1478928304 5996362 6771151 1272545962 1303131710 1278542324 1309902861 X 0 0 0 0 158097532 169025443 158097532 169025443 1436639856 1478928304 X 11026851 210076 -309016 X X 0 1 X 1 0 7186409 7186409 36490999 9736762 26754237 545729 479737 65992 31051632 19852539 11199093 45205731 DEPOSITS IN COMMERCIAL BANKS 35691000 F LOANS TO AND INVESTMENTS IN NATURAL PERSON CREDIT UNIONS 1641000 F MEMBERSHIP CAPITAL AT CORP 3335269 F PAID IN CAPITAL AT CORP 6448115 F ALL OTHER INVESTMENTS IN CORPORATE CREDIT UNIONS 33500000 F OTHER INVESTMENTS 557996 F 81173380 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1294190069 OUTSTANDING DRAFTS PAYABLE 7563738 OTHER LIABILITIES 1377903 1303131710 1 AMERICAN CANCER SOCIETY PO BOX 902 PEWAUKEE WI 53702 410724036 501(C)(3) 9500 GENERAL SUPPORT EAGLES FOUNDATION 3037 CHATHAM STREET RACINE WI 53402 461581117 501(C)(3) 5000 GENERAL SUPPORT HALO INC 2000 DEKOVEN AVENUE RACINE WI 53403 202041432 501(C)(3) 5000 GENERAL SUPPORT MDA 330 S EXECUTIVE DRIVE SUITE 100A BROOKFIELD WI 53005 131665552 501(C)(3) 5050 GENERAL SUPPORT MILWUKEE PUBLIC MUSEUM 800 W WELLS STREET MILWAUKEE WI 53233 396056624 501(C)(3) 5000 GENERAL SUPPORT OAK CREEK PUBLIC LIBRARY FOUNDATION 8620 S HOWELL AVENUE OAK CREEK WI 53154 455169633 501(C)(3) 6700 GENERAL SUPPORT RACINE FAMILY YMCA 725 LAKE AVENUE RACINE WI 53403 390807254 501(C)(3) 50000 GENERAL SUPPORT RIVER BEND NATURE CENTER - DONATION 3600 N GREEN BAY ROAD RACINE WI 53404 455347146 501(C)(3) 25000 GENERAL SUPPORT RONALD MCDONALD HOUSE CHARITIES OF EASTERN WI 8948 W WATERTOWN PLANK ROAD MILWAUKEE WI 53226 391433107 501(C)(3) 5656 GENERAL SUPPORT UNITED WAY OF GREATER MILWAUKEE PO BOX 88110 MILWAUKEE WI 53288 390806190 501(C)(3) 14198 GENERAL SUPPORT UNITED WAY OF RACINE CO 2000 DOMANIK DRIVE RACINE WI 53404 390806349 501(C)(3) 35418 GENERAL SUPPORT YES FOR OUR CHILDREN'S FUTURE 704 PARK AVENUE RACINE WI 53403 471694233 501(C)(3) 18000 GENERAL SUPPORT 12 0 X X 1 1 X X X 0 1 0 EUGENE SZYMCZAK CEO 393096 0 21660 0 33111 0 6500 0 7023 0 461390 0 0 0 MICHELLE GABOR CFO 165853 0 9196 0 6354 0 2919 0 8699 0 193021 0 0 0 ROBERT WALLESER SR VP-BRANCH OPERATIONS (THRU APRIL) 207966 0 0 0 32453 0 6500 0 5934 0 252853 0 0 0 JAMES HENDERSON SR VP - MEMBER ENHANCEMENTS 126937 0 8177 0 32543 0 4270 0 9023 0 180950 0 0 0 LINDA HOOVER SR VP - LENDING 154404 0 8424 0 1251 0 4194 0 10013 0 178286 0 0 0 JOHN GAREY VP - FINANCIAL SERVICES 140090 0 7727 0 2617 0 3868 0 22513 0 176815 0 0 0 PETER STEIN SR VP-HUMAN RESOURCES 136575 0 7577 0 5424 0 3863 0 17295 0 170734 0 0 0 PART I, LINE 4B EUGENE SZYMCZAK- $15,120 JAMES HENDERSON - $23,000 MICHELLE GABOR - $2,627 MIKE MIKKELSON - $6,569 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 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 11 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. WE ENCOURAGE 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 WE OBTAIN 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 IX, LINE 24E LOAN SERVICING 1,403,662. MISCELLANEOUS EXPENSE 1,174,842. FORM 990, PART XI, LINE 9: MARKET ADJUSTMENT ON FORECLOSED ASSETS -309,016. 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 WA 53406 REAL ESTATE WA 0 0 N/A EDUCATORS CREDIT UNION FINANCIAL SERVICES INCORPORATE ECU FSI 1400 N NEWMAN ROAD RACINE WI 53406 391941702 AUTOMOBILE LEASING SALES AND SERVICE WI EDUCATORS CREDIT UNION C 22488 17380948 1.00000 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0