2025-10-30T16:14:44-05:00 2024-12-31 393647910 WIPFLI ADVISORY LLC 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2024-01-01 390394240 CAPITAL CREDIT UNION CAPI 9204942828 825 MORRIS AVENUE GREEN BAY WI 543044525 LISA HUGUET CFO 9204942828 2025-10-30 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2025-10-30 2024 2025-03-06 01:10:19Z LAURIE BUTZ 825 MORRIS AVENUE GREEN BAY WI 543044525 165603093 0 X WWW.CAPITALCU.COM X 1934 WI CAPITAL CREDIT UNION IS A FULL SERVICE FINANCIAL INSTITUTION THAT OFFERS OUR MEMBERS MULTIPLE LOAN PRODUCTS AS WELL AS SHARE, SHARE DRAFT, CD AND IRA PRODUCTS. IN ADDITION, CAPITAL SERVES MEMBERS BY OFFERING AUTOMATED TELLER MACHINES, DIRECT DEPOSIT, CALL 24 ONLINE BANKING, DEBIT AND CREDIT CARDS, GIFT CARDS, SAFE DEPOSIT BOXES, E-STATEMENTS, BILL PAY, AND MANY OTHER SERVICES. CAPITAL SERVES OVER 118,000 MEMBERS IN 16 NORTHEAST WISCONSIN COUNTIES: BROWN, CALUMET, DOOR, FOND DU LAC, KEWAUNEE, MANITOWOC, MARATHON, MARINETTE, MENOMINEE, OCONTO, OUTAGAMIE, PORTAGE, SHAWANO, SHEBOYGAN, WAUPACA, AND WINNEBAGO, AND EMPLOYEES OF GOODWILL INDUSTRIES OF NORTH CENTRAL WI INC. 9 9 575 9 597567 0 0 0 107348989 135073044 24764624 27617260 124385 125476 132237998 162815780 508364 468329 0 0 31496428 34083097 0 0 0 78973027 107311184 110977819 141862610 21260179 20953170 2428442866 2583325331 2152132252 2284942076 276310614 298383255 X A NONPROFIT MEMBER-OWNED THRIFT INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS. CAPITAL CREDIT UNION IS A FULL SERVICE FINANCIAL INSTITUTION THAT OFFERS OUR MEMBERS MULTIPLE LOAN PRODUCTS AS WELL AS SHARE, SHARE DRAFT, CD AND IRA PRODUCTS. IN ADDITION, CAPITAL SERVES MEMBERS BY OFFERING AUTOMATED TELLER MACHINES, DIRECT DEPOSIT, CALL 24 ONLINE BANKING, DEBIT AND CREDIT CARDS, GIFT CARDS, SAFE DEPOSIT BOXES, E-STATEMENTS, BILL PAY, AND MANY OTHER SERVICES. CAPITAL SERVES OVER 118,000 MEMBERS IN 16 NORTHEAST WISCONSIN COUNTIES: BROWN, CALUMET, DOOR, FOND DU LAC, KEWAUNEE, MANITOWOC, MARATHON, MARINETTE, MENOMINEE, OCONTO, OUTAGAMIE, PORTAGE, SHAWANO, SHEBOYGAN, WAUPACA, AND WINNEBAGO, AND EMPLOYEES OF GOODWILL INDUSTRIES OF NORTH CENTRAL WI INC. 0 0 CAPITAL CREDIT UNION PROVIDES A FULL MENU OF LOAN PRODUCTS TO ITS 118,260 MEMBERS, CONSUMER LOANS, MORTGAGES, AND COMMERCIAL LOANS. WITH A HIGH-RATE CHECKING ACCOUNT AND MONEY MARKET RATES THAT WERE AT THE TOP OF THE MARKET, WE WERE ABLE TO PROVIDE MEMBERS WITH INSURED, LIQUID ALTERNATIVES FOR THEIR DEPOSIT NEEDS. CAPITAL DONATED AND OR SPONSORED MORE THAN $617,000 TO VARIOUS LOCAL CHARITIES THROUGHOUT THE YEAR. CAPITAL CONTINUES TO SUPPORT LOCAL NONPROFIT ORGANIZATIONS, CIVIC ORGANIZATIONS, AND MANY COMMUNITY EVENTS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 110689 0 1 575 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 1 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X LISA HUGUET 9204944541 825 MORRIS AVENUE GREEN BAY WI 543044525 MELANIE HAEN CHAIR 3.50 X X 0 0 0 STEVEN FRASSETTO VICE CHAIR 3.50 X X 858 0 0 RANDALL SANDERS TREASURER 1.50 X X 5556 0 0 KEITH LUCIUS SECRETARY (THRU JUNE 24') 1.50 X X 0 0 0 COLLEEN VAN ZEELAND DIRECTOR/SECRETARY 1.50 X X 4487 0 0 ZELALEM BERE DIRECTOR 1.50 X 0 0 0 JOHN CARRIER DIRECTOR 1.50 X 0 0 0 HEATHER KARCZ DIRECTOR 1.50 X 0 0 0 PAUL PATTERSON DIRECTOR 1.50 X 0 0 0 NANCY RIETVELD DIRECTOR 1.50 X 6146 0 0 LAURIE BUTZ PRESIDENT/CEO 40.00 X 598314 0 43291 LISA HUGUET CFO 40.00 X 262219 0 46359 MICHAEL MILLHOUSE VP - CHIEF INFORMATION OFFICER 40.00 X 221321 0 32923 DAVID ENGLEBERT CHIEF COMMERCIAL OFFICER 40.00 X 226511 0 32986 STEPHEN ZICH CHIEF MARKETING OFFICER 40.00 X 211103 0 43065 JONATHAN PROBST CHIEF LENDING OFFICER 40.00 X 206171 0 44669 TAMMY WILLIAMS CHIEF CULTURE OFFICER 40.00 X 168924 0 22451 DANIELLE KROENING SVP BRANCH OPERATIONS 40.00 X 164038 0 31103 PATTI BANI EMPLOYEE RELATIONS SPECIALIST 40.00 X 150799 0 21448 WENDY WOHR VP - MEMBER RELATIONS 40.00 X 170292 0 31431 CALEB DAHL VP - ITS OPERATIONS 40.00 X 142808 0 47579 DENEE MOTT VP - TREASURY MANAGEMENT 40.00 X 141094 0 8386 MARK HOEFS VP - SR. BUSINESS RELATIONS MGR 40.00 X 140631 0 11141 2821272 0 416832 28 0 1 0 FISERV PO BOX 934057 ATLANTA GA 311934057 CORE PROCESSING SERVICES 6384455 MIRON CONSTRUCTION INC PO BOX 509 NEENAH WI 54957 CONSTRUCTION SERVICES 5275297 VISA USA INC PO BOX 742233 LOS ANGELES CA 900742233 DEBIT CARD PROCESSING SERVICES 1526281 MICHAEL WALTERS ADVERTISING INC 444 N WABASH AVE STE 4W CHICAGO IL 60611 ADVERTISING SERVICES 1318987 EPPSTEIN UHEN ARCHITECTS INC 333 E CHICAGO ST MILWAUKEE WI 53202 DESIGN SERVICES 662330 30 INTEREST ON LOANS 522100 111118797 111118797 FEE INCOME 522100 9129124 9103669 25455 INTERCHANGE INCOME 522100 8593590 8593590 INSURANCE INCOME 522100 3501285 2929173 572112 OTHER OPERATING INCOME 522100 2130548 2130548 599700 599700 135073044 27769538 27769538 125476 0 125476 125476 125476 1312500 1322535 1394196 1393117 -81696 -70582 -152278 -152278 162815780 134475477 597567 27742736 468329 2341392 25370503 1226066 3049903 2095233 487866 254560 21732 953015 3217695 7218984 3897981 1964048 206044 116274 20185883 2171954 249080 DIVIDENDS ON SHARES 43220929 PROVISION FOR LOAN LOSS 13221974 LOAN & CLOSING COSTS 5994071 PROCESSING 3418460 510634 141862610 128165899 21902923 47031000 164502792 4975092 6421353 19520567 23744359 1999360323 2124343468 2457881 2502977 60348956 31164556 24300501 29184400 115919832 115046251 39027869 47286455 1123792 705777 10304357 10089803 36255753 37594773 2428442866 2583325331 39090634 37778600 2107892 1845649 145000000 145000000 1965933726 2100317827 2152132252 2284942076 X 0 0 11350466 11350466 264960148 287032789 276310614 298383255 2428442866 2583325331 20953170 1119471 0 X 0 1 X 1 0 0 1 X 7749778 7749778 32552558 16484373 16068185 17139107 14680183 2458924 2907513 2907513 29184400 SHARES 2100317827 2100317827 X 159184839 458831 -4089772 -3630941 162815780 0 162815780 137772838 0 137772838 4089772 4089772 141862610 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS ASSOCIATED WITH REAL ESTATE MORTGAGES (PROPERTY TAXES AND INSURANCE) ON BEHALF OF ITS MEMBERS. PART X, LINE 2: THE CREDIT UNION MAY RECOGNIZE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS FROM UNCERTAIN TAX POSITIONS. UNRECOGNIZED TAX BENEFITS REPRESENT THE DIFFERENCES BETWEEN A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND THE BENEFIT RECOGNIZED AND MEASURED IN THE FINANCIAL STATEMENTS. INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS INCOME TAX EXPENSE. THE CREDIT UNION HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES RECORDED AS REVENUE ON FINANCIAL STATEMENTS -4,089,772. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES RECORDED AS REVENUE ON FINANCIAL STATEMENTS 4,089,772. 1 BOYS AND GIRLS CLUBS OF THE BAY AND LAKES REGION INC 1451 UNIVERSITY AVE GREEN BAY WI 54302 396102943 501(C)(3) 6060 0 GENERAL SUPPORT BAY AREA COUNCIL ON GENDER DIVERSITY 521 HILLTOP DR GREEN BAY WI 543012717 923066784 501(C)(3) 6640 0 GENERAL SUPPORT BOYS AND GIRLS CLUBS OF THE FOX VALLEY INC 160 S BADGER AVE APPLETON WI 54914 391225709 501(C)(3) 31396 0 GENERAL SUPPORT BROWN COUNTY UNITED WAY INC 111 N ROOSEVELT ST GREEN BAY WI 54301 390806299 501(C)(3) 15660 0 GENERAL SUPPORT CEREBRAL PALSY INC 2801 S WEBSTER AVE GREEN BAY WI 54301 390901265 501(C)(3) 6020 0 GENERAL SUPPORT CHILDREN'S MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 501(C)(3) 5350 0 SPONSORSHIP CURATIVE CONNECTIONS INC 2900 CURRY LANE GREEN BAY WI 54311 390806435 501(C)(3) 5331 0 GENERAL SUPPORT DE PERE FIRE RESCUE 400 LEWIS ST DE PERE WI 54115 GOV 5700 0 GENERAL SUPPORT FOX CITIES CHAMBER OF COMMERCE & INDUSTRY INC 125 N SUPERIOR ST APPLETON WI 54911 391248133 501(C)(6) 13760 0 SPONSORSHIP & GENERAL SUPPORT FOX CITIES PERFORMING ARTS CENTER 400 W COLLEGE AVE APPLETON WI 54911 391977839 501(C)(3) 25000 0 SPONSORSHIP & GENERAL SUPPORT GOODWILL INDUSTRIES OF NORTH CENTRAL WISCONSIN INC 1800 APPLETON RD MENASHA WI 54952 391144913 501(C)(3) 20000 0 SPONSORSHIP GREATER GREEN BAY CHAMBER OF COMMERCE INC 300 N BROADWAY STE 3A GREEN BAY WI 54303 390318170 501(C)(6) 16599 0 SPONSORSHIP & GENERAL SUPPORT GREATER GREEN BAY COMMUNITY FOUNDATION INC 400 S WASHINGTON ST GREEN BAY WI 54301 391699966 501(C)(3) 8000 0 GENERAL SUPPORT GREEN BAY POLICE DEPARTMENT 307 S ADAMS ST GREEN BAY WI 54301 396005458 GOV 27000 0 GENERAL SUPPORT HAPPILY EVER AFTER ANIMAL SANCTUARY E5714 BORK RD MARION WI 54304 204031006 501(C)(3) 6100 0 GENERAL SUPPORT HOOAH INC PO BOX 12361 GREEN BAY WI 54307 800723506 501(C)(3) 5050 0 GENERAL SUPPORT HOWARD FIRE RESCUE 2456 GLENDALE AVE GREEN BAY WI 54313 391053841 GOV 8175 0 GENERAL SUPPORT HOWE COMMUNITY RESOURCE CENTER INC 526 S MONROE AVE GREEN BAY WI 54301 391910410 501(C)(3) 6050 0 GENERAL SUPPORT INSIGHT PUBLICATIONS INC PO BOX 944 APPLETON WI WI 54912 261263851 N/A 5175 0 GENERAL SUPPORT KIMBERLY HIGH SCHOOL 1662 E KENNEDY AVE KIMBERLY WI 54136 396002809 GOV 12500 0 SPONSORSHIP & GENERAL SUPPORT NATIONAL MULTIPLE SCLEROSIS SOCIETY 733 THIRD AVE 3RD FLOOR NEW YORK NY 10017 135661935 501(C)(3) 10000 0 SPONSORSHIP NEENAH-MENASHA FIRE RESCUE 125 E COLUMBIAN AVE NEENAH WI 54956 382292422 GOV 6000 0 GENERAL SUPPORT NEW NORTH INC 2470 W MASON ST GREEN BAY WI 54303 260114487 501(C)(3) 15170 0 GENERAL SUPPORT NEW ZOOLOGICAL SOCIETY INC PO BOX 252 SUAMICO WI 54173 391516018 501(C)(3) 14000 0 SPONSORSHIP OCONTO FALLS FIRE DEPARTMENT 500 N CHESTNUT AVE OCONTO FALLS WI 54154 396005559 GOV 5950 0 GENERAL SUPPORT ON BROADWAY INC 340 N BROADWAY STE 165 GREEN BAY WI 54303 391825541 501(C)(3) 22500 0 SPONSORSHIP RAWHIDE INC E7475 RAWHIDE RD NEW LONDON WI 54961 391052471 501(C)(3) 6000 0 GENERAL SUPPORT RUN AWAY SHOES W3192 COUNTY RD KK STE C APPLETON WI 54915 201193210 N/A 8500 0 GENERAL SUPPORT SALVATION ARMY FOX CITIES 130 E NORTH ST APPLETON WI 54911 362167910 501(C)(3) 10000 0 GENERAL SUPPORT SAMARITAN COUNSELING CENTER OF THE FOX VALLEY INC 1205 PROVINCE TERRACE MENASHA WI 54952 391214216 501(C)(3) 10000 0 GENERAL SUPPORT ST MARY CATHOLIC SCHOOLS 1050 ZEPHYR DR NEENAH WI 54956 391656963 501(C)(3) 7500 0 GENERAL SUPPORT TITAN CEO LLC 18896 W 84TH PLACE ARVADA CO 80007 833757843 N/A 5550 0 GENERAL SUPPORT TOWN OF BUCHANAN FIRE & RESCUE N178 CTY RD N APPLETON WI 54915 391316254 GOV 11163 0 GENERAL SUPPORT TOWN OF LEDGEVIEW FIRE DEPARTMENT 3700 DICKINSON RD DE PERE WI 54115 391403853 GOV 7500 0 GENERAL SUPPORT UNITED WAY FOX CITIES INC 1455 MIDWAY RD MENASHA WI 54952 390912895 501(C)(3) 25100 0 GENERAL SUPPORT UNIVERSITY OF WISCONSIN-GREEN BAY 2420 NICOLET DR GREEN BAY WI 54311 391805963 GOV 10000 0 GENERAL SUPPORT UNIVERSITY OF WISCONSIN GREEN BAY FOUNDATION 2420 NICOLET DR NO CL 805 GREEN BAY WI 54311 451600858 501(C)(3) 7700 0 SPONSORSHIP VILLAGE OF BELLEVUE POLICE 3100 EATON RD GREEN BAY WI 54311 391223437 GOV 11512 0 GENERAL SUPPORT WE ALL RISE AFRICAN AMERICAN RESOURCE CENTER 430 S WEBSTER AVE GREEN BAY WI 54301 831699702 501(C)(3) 6000 0 GENERAL SUPPORT WISCONSIN HUMANE SOCIETY 4500 W WISCONSIN AVE MILWAUKEE WI 53208 390810533 501(C)(3) 10650 0 GENERAL SUPPORT YMCA OF THE FOX CITIES 218 E LAWRENCE ST APPLETON WI 54911 390806191 501(C)(3) 9100 0 GENERAL SUPPORT 36 5 PART I, LINE 2: GRANTS AND ASSISTANCE ARE GENERALLY LIMITED TO KNOWN LOCAL ORGANIZATIONS. X X X 1 1 X X X X 0 1 0 LAURIE BUTZ PRESIDENT/CEO 525379 0 70303 0 2632 0 20700 0 22591 0 641605 0 0 0 LISA HUGUET CFO 238617 0 22312 0 1290 0 13131 0 33228 0 308578 0 0 0 DAVID ENGLEBERT CHIEF COMMERCIAL OFFICER 202426 0 23635 0 450 0 12562 0 20424 0 259497 0 0 0 MICHAEL MILLHOUSE VP - CHIEF INFORMATION OFFICER 201463 0 19588 0 270 0 13066 0 19857 0 254244 0 0 0 STEPHEN ZICH CHIEF MARKETING OFFICER 192278 0 18375 0 450 0 12367 0 30698 0 254168 0 0 0 JONATHAN PROBST CHIEF LENDING OFFICER 188907 0 16814 0 450 0 11612 0 33057 0 250840 0 0 0 WENDY WOHR VP - MEMBER RELATIONS 168190 0 812 0 1290 0 10337 0 21094 0 201723 0 0 0 DANIELLE KROENING SVP BRANCH OPERATIONS 153637 0 10101 0 300 0 9612 0 21491 0 195141 0 0 0 TAMMY WILLIAMS CHIEF CULTURE OFFICER 167873 0 361 0 690 0 9646 0 12805 0 191375 0 0 0 CALEB DAHL VP - ITS OPERATIONS 134494 0 8036 0 278 0 9008 0 38571 0 190387 0 0 0 PATTI BANI EMPLOYEE RELATIONS SPECIALIST 143835 0 5289 0 1675 0 8763 0 12685 0 172247 0 0 0 MARK HOEFS VP - SR. BUSINESS RELATIONS MGR 128398 0 12006 0 227 0 8676 0 2465 0 151772 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDED STEVEN FRASSETTO, NANCY RIETVELD, RANDALL SANDERS, AND COLLEEN VANZEELAND WITH TRAVEL FOR COMPANIONS BENEFITS. THESE BENEFITS WERE INCLUDED IN THE INDIVIDUALS' TAXABLE COMPENSATION. THE ORGANIZATION PROVIDED ALL OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES LISTED ON PART VII, SECTION A, OF FORM 990 WITH GROSS-UP PAYMENTS. THESE BENEFITS WERE INCLUDED IN THE INDIVIDUALS' TAXABLE COMPENSATION. THE ORGANIZATION PROVIDED LAURIE BUTZ, DAVID ENGLEBERT, AND JONATHAN PROBST WITH HEALTH CLUB DUES BENEFITS. THESE BENEFITS WERE INCLUDED IN THE INDIVIDUALS' TAXABLE COMPENSATION. PART I, LINE 4B LAURIE BUTZ AND LISA HUGUET, WHO ARE LISTED ON PART VII, SECTION A, OF FORM 990 ARE ALSO PARTICIPANTS IN A SPLIT-DOLLAR LIFE INSURANCE PLAN. SEE SCHEDULE L, PART II FOR MORE DETAIL RELATING TO THIS PLAN. THOMAS YOUNG PRESIDENT/CEO (FORMER) SPLIT-DOLLAR LIFE INSURANCE X 12525000 5083038 0 1 1 KAREN CAREW EXECUTIVE VICE PRESIDENT (FORMER) SPLIT-DOLLAR LIFE INSURANCE X 2225000 1831561 0 1 1 LAURIE BUTZ PRESIDENT/CEO SPLIT-DOLLAR LIFE INSURANCE X 5500000 12629858 0 1 1 LISA HUGUET CFO SPLIT-DOLLAR LIFE INSURANCE X 4150000 4199902 0 1 1 23744359 FORM 990, PART VI, SECTION A, LINE 4 DURING THE 2024 CALENDAR YEAR, ARTICLE III, SECTION 1B OF THE BYLAWS WAS AMENDED TO EXPAND THE FIELD OF MEMBERSHIP TO ADD THE COUNTIES OF FOND DU LAC, MARATHON, PORTAGE AND SHEBOYGAN. ARTICLE V, SECTION 7 OF THE BYLAWS WAS AMENDED TO EXTEND THE NUMBER OF DAYS TO FILL A BOARD VACANCY TO 90 DAYS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE INDIVIDUALS LIVING OR WORKING IN THE COUNTIES OF BROWN, CALUMET, DOOR, FOND DU LAC, KEWAUNEE, MANITOWOC, MARATHON, MARINETTE, MENOMINEE, OCONTO, OUTAGAMIE, PORTAGE, SHAWANO, SHEBOYGAN, WAUPACA, AND WINNEBAGO, AND EMPLOYEES OF GOODWILL INDUSTRIES OF NORTH CENTRAL WI INC., THAT HAVE DEPOSITS WITH THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT/CEO AND CFO PRIOR TO SUBMISSION WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT COVERS ALL EMPLOYEES AND BOARD OF DIRECTORS. THE DETERMINATION AND REVIEW OF PERCEIVED CONFLICT IS DONE AT THE EXECUTIVE LEADERSHIP TEAM LEVEL. UPON DETERMINATION OF A CONFLICT, THE PERSON INVOLVED IN SAID CONFLICT CANNOT PARTICIPATE IN DELIBERATIONS OR DECISIONS. STAFF AND OFFICERS ARE REQUIRED TO REVIEW THE POLICY MANUAL. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS OF DETERMINING PROPER COMPENSATION IS COMPLETED DURING THE BOARD OF DIRECTORS' MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 POLICIES ARE AVAILABLE UPON REQUEST; SUMMARIZED FINANCIALS ARE POSTED IN THE BRANCHES. CAPITAL CREDIT UNION SERVICE CORP 825 MORRIS AVE GREEN BAY WI 54304 391852107 INSURANCE COMMISSIONS WI CAPITAL CREDIT UNION C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0