2025-11-17T15:36:16-06:00 2024-12-31 202122306 GBQ PARTNERS LLC 230 WEST STREET SUITE 700 COLUMBUS OH 43215 990 2024-01-01 390906277 SUPERIOR CHOICE CREDIT UNION SUPE 7157185804 1320 GRAND AVENUE SUPERIOR WI 54880 JUSTIN HOULE CFO 7157185804 2025-11-17 1 1 KATHLEEN M MOSELEY P00116760 6142211120 2025-11-17 2024 2025-03-06 01:10:19Z JUSTIN HOULE 1320 GRAND AVENUE SUPERIOR WI 54880 48578189 0 X WWW.SUPERIORCHOICE.COM X 1932 WI A NON PROFIT MEMBER OWNED FINANCIAL INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS. 5 5 198 5 130115 0 0 0 42803829 42465560 6384384 6112629 72190 0 49260403 48578189 0 0 0 0 14404231 12273012 0 0 0 41960518 49359768 56364749 61632780 -7104346 -13054591 804124778 764530540 743930149 716806362 60194629 47724178 A NOT FOR PROFIT MEMBER OWNED FINANCIAL INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS. OPERATIONS ARE PRIMARILY RELATED TO HOLDING DEPOSITS FOR AND MAKING LOANS TO MEMBERS. 0 0 FINANCIAL SERVICE PROVIDER TO INCLUDE LOANS, DEPOSITS, AND TRANSACTIONAL SERVICES TO ALL MEMBERS. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10248 203 1 198 1 1 1 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X JUSTIN HOULE CFO 7157185804 1320 GRANDAVE SUPERIOR WI 54880 WILLIAM ANDERSON BOARD MEMBER 1.00 X 2400 0 0 MARK CASPER BOARD MEMBER 1.00 X 3200 0 0 JUSTIN FONFARA BOARD MEMBER 1.00 X 0 0 0 ROBERT FRENCHICK BOARD MEMBER 1.00 X 3050 0 0 PAUL GILBERTSON BOARD MEMBER 1.00 X 3000 0 0 CHARLES GLAZMAN BOARD MEMBER 1.00 X 3000 0 0 JAMES LARSON BOARD MEMBER 1.00 X 3000 0 0 LISA NAULT BOARD MEMBER 1.00 X 3000 0 0 GREGORY RUNNING JR BOARD MEMBER 1.00 X 3000 0 0 PAMELA TAFELSKI BOARD MEMBER 1.00 X 3000 0 0 JILL UNTERBERGER BOARD MEMBER 1.00 X 600 0 0 BENJAMIN ALTONEN SVP OF ACCOUNTING 40.00 X 217376 0 0 SHANE ASBEL CHIEF OPERATING OFFICER 40.00 X 182628 0 43092 HEATHER DAVIS CHIEF OPERATING OFFICER 40.00 X 192515 0 0 TIM FOSTER CHIEF EXECUTIVE OFFICER 40.00 X 436098 0 23000 KELLI KOEHLER CHIEF BRAND OFFICER 40.00 X 287965 0 23000 JENNIFER STRAMA CHIEF LENDING OFFICER 40.00 X 215107 0 28000 ERIC ANDERSON VP OF LENDING 40.00 X 123232 0 0 DAWNE DAVIS VP OF DIGITAL SOLUTIONS 40.00 X 111260 0 0 JULIE LUPA VP OF LOAN OPERATIONS 40.00 X 153408 0 0 TAMMY MAKELA VP OF ACCOUNTING 40.00 X 135307 0 0 KATIE BEDARD MORTGAGE ORIGINATOR 40.00 X 104005 0 0 2186151 0 117092 11 0 1 0 HOEFT BUILDERS INC 1450 RIVERS EDGE TRAIL ALTOONA WI 54720 BUILDING CONTRACTOR 6392900 FISERV INC PO BOX 934057 ATLANTA GA 31193 CORE PROCESSOR 2161194 PSCUVELERA 560 CARILLON PKWY ST PETERBURG FL 33716 DEBIT CARD PROCESSING 1178197 ALKAMI TECHNOLOGY PO BOX 122223 DALLAX TX 75312 DIGITAL SFOTWARE 834026 4 INTEREST ON LOANS 522100 34962988 34962988 FEE INCOME 522100 4393067 4262952 130115 INTERCHANGE INCOME 522100 2361438 2361438 OTHER INCOME 522100 748067 748067 42465560 4902244 4902244 1210385 0 1210385 1210385 1210385 48578189 42335445 130115 6112629 1935384 6939704 531123 2115792 751009 11700 78908 234388 91005 1644303 2804103 2194369 166385 2948503 2008790 880410 PROVISION FOR BAD DEBT 17696800 DIVIDENDS PAID TO MEMBE 14836060 LOAN SERVICING 2963855 OTHER 405002 395187 61632780 8624042 5285985 60098942 58412495 727267 0 634622080 584098389 7251966 2223878 44386869 13531572 26088482 30855297 2892500 2442500 35044686 51428396 6260869 9062177 7375335 13451767 22408265 804124778 764530540 6587660 6729584 76500000 53625000 660842489 656451778 743930149 716806362 X 0 0 0 0 60194629 47724178 60194629 47724178 804124778 764530540 X -13054591 -210415 794555 X X 0 1 X 1 0 0 0 3450689 3450689 29177279 4983026 24194253 555715 318260 237455 11203186 8230286 2972900 30855297 CERTIFICATES OF DEPOSIT 14583960 C CORPORATE CENTRAL PCC 1407446 C OTHER INVESTMENTS 75409 C COMMON STOCK - WISCUB, INC. 31000 C COLLATERAL MORTGAGE OBLIGATIONS 18524994 C GOVERNMENT SPONSORED ENTERPRISES 9507436 C GOVERNMENT AGENCIES 7298151 C 51428396 CERTIFICATES 249462670 REGULAR SHARES 175721140 SHARE DRAFTS 154582311 MONEY MARKET 64461928 IRA SHARES 7732330 OTHER SHARE ACCOUNTS 4491399 656451778 X 48578189 0 48578189 0 48578189 61632780 0 61632780 0 61632780 PART X, LINE 2: THE CREDIT UNION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ITS FINANCIAL STATEMENTS AS REQUIRED UNDER FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE STANDARD ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION ACCOUNTING. MANAGEMENT DETERMINED THERE WERE NO MATERIAL UNCERTAIN POSITIONS TAKEN IN ITS TAX RETURNS. SCHEDULE D, PAGE 2, PART IV, LINE 1 B THE CREDIT UNION SERVICES MORTGAGE LOANS ON BEHALF OF FREDDIE MAC. FUNDS ARE HELD IN ESCROW TO PAY TAXES AND INSURANCE ON BEHALF OF MORTGAGE LOAN MEMBERS. X 1 1 X X X X X X 0 0 0 TIM FOSTER CHIEF EXECUTIVE OFFICER 415000 0 150 0 20948 0 23000 0 0 0 459098 0 0 0 KELLI KOEHLER CHIEF BRAND OFFICER 259399 0 22500 0 6066 0 23000 0 0 0 310965 0 0 0 JENNIFER STRAMA CHIEF LENDING OFFICER 199039 0 9375 0 6693 0 28000 0 0 0 243107 0 0 0 SHANE ASBEL CHIEF OPERATING OFFICER 141784 0 25000 0 15844 0 43092 0 0 0 225720 0 0 0 BENJAMIN ALTONEN SVP OF ACCOUNTING 174664 0 22942 0 19770 0 0 0 0 0 217376 0 0 0 HEATHER DAVIS CHIEF OPERATING OFFICER 143863 0 5775 0 42877 0 0 0 0 0 192515 0 0 0 JULIE LUPA VP OF LOAN OPERATIONS 142877 0 10000 0 531 0 0 0 0 0 153408 0 0 0 SCHEDULE J, PAGE 1, PART I, LINE 1A TRAVEL FOR COMPANIONS WAS AVAILABLE FOR EDUCATIONAL EVENTS, LEAGUE CONVENTIONS, CHAPTER EVENTS, AND STRATEGIC PLANNING OFF SITE RETREATS. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE PRESIDENT AND CFO AND PRESENTED TO THE BOARD OF DIRECTORS AT THEIR MONTHLY MEETING IMMEDIATELY FOLLOWING THE SUBMISSION OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURES OF FAMILY AND BUSINESS RELATIONSHIPS IS REQUIRED FROM ALL INSIDERS. INTERNAL AND EXTERNAL AUDITS OF THESE RELATIONSHIPS ARE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15A MANAGEMENT AND STAFF SALARIES, OTHER THAN THE PRESIDENT, ARE ADMINISTERED THROUGH THE USE OF THE COMPANY'S SALARY ADMINISTRATION PROGRAM. THE SYSTEM PROVIDES A STRUCTURED APPROACH TO SALARY GRADING AND COMPARABLE SALARIES FOR ALL POSITIONS ON STAFF. ALL SALARY ADJUSTMENTS ARE MADE ACCORDING TO BOARD APPROVED MATRICES WITH FINAL REVIEW AND APPROVAL BY THE PRESIDENT. THE PRESIDENT'S SALARY AND ANNUAL ADJUSTMENT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND POLICIES OF THE CREDIT UNION ARE AVAILABLE UPON WRITTEN REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FINANCIAL INFORMATION IS POSTED IN THE LOBBY EACH MONTH. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN DEFINED BENEFIT OBLIGATION 794,555. FORM 990, PART XII, LINE 2C THE PROCESS IS NOT CHANGED FROM PRIOR YEAR.