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EDUCATORS CREDIT UNION: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
EDUCATORS CREDIT UNION (EIN 39-0555293)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-08-20
IRS object ID
201412329349300911
Schema version
2013v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2014-08-20T10:20:07-05:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390758449PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WIPFLI LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 8010AddressLine1
CityWAUSAUCity
StateWIState
ZIP Code544028010ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN390555293EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1EDUCATORS CREDIT UNIONBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlEDUCBusinessNameControlTxt
Phone2628865900PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11400 N NEWMAN ROADAddressLine1
CityRACINECity
StateWIState
ZIP Code53406ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHELLE GABORPersonNm
Person TitleCFOPersonTitleTxt
Phone2628865900PhoneNum
Signature2014-08-20SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARY A COATES CPAPreparerPersonNm
PTINP00134220PTIN
Phone7158453111PhoneNum
Preparation2014-08-20PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMICHELLE GABORPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11400 N NEWMAN ROADAddressLine1
CityRACINECity
StateWIState
ZIP Code53406ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$72,489,958GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Group Exemption2157GroupExemptionNum
Organization501cYes (X)Organization501cInd
Website AddressWWW.ECU.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1937FormationYr
Legal Domicile StateWILegalDomicileStateCd
Activity Or MissionOUR MISSION IS TO PROVIDE EXCEPTIONAL, PERSONALIZED, AND CONVENIENT PRODUCTS AND SERVICES TO ASSIST OUR MEMBERS/OWNERS IN REACHING THEIR FINANCIAL GOALS.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee429TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$65,809,338PYProgramServiceRevenueAmt
CY Program Service Revenue$68,034,824CYProgramServiceRevenueAmt
PY Investment Income$1,505,926PYInvestmentIncomeAmt
CY Investment Income$1,459,075CYInvestmentIncomeAmt
PY Other Revenue$273,473PYOtherRevenueAmt
CY Other Revenue-$128,207CYOtherRevenueAmt
PY Total Revenue$67,588,737PYTotalRevenueAmt
CY Total Revenue$69,365,692CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$300,183CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$15,945,919PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$17,573,044CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$41,051,224PYOtherExpensesAmt
CY Other Expenses$39,810,023CYOtherExpensesAmt
PY Total Expenses$56,997,143PYTotalExpensesAmt
CY Total Expenses$57,683,250CYTotalExpensesAmt
PY Revenues Less Expenses$10,591,594PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$11,682,442CYRevenuesLessExpensesAmt
Total Assets BOY$1,410,249,907TotalAssetsBOYAmt
Total Assets EOY$1,436,639,856TotalAssetsEOYAmt
Total Liabilities BOY$1,264,691,221TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,278,542,324TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$145,558,686NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$158,097,532NetAssetsOrFundBalancesEOYAmt
MissionTHE 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescLENDING - PROVIDED NON COMMERCIAL LOANS, MORTGAGES AND LEASES WITH BALANCES OF $1,134,683,341.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescSAVING - PROVIDED SAVING, CHECKING, CDS, IRAS AND MONEY MARKET ACCOUNTS WITH BALANCES OF $1,262,437,004.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescWE HAVE OVER 123,000 MEMBERS AND FOCUS ON EDUCATING THEM IN OUR BRANCHES AS WELL AS THROUGH COMMUNITY ACTIVITIES.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation EasementsYes (1)ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document76934IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee429EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MICHELLE GABORBusinessNameLine1
FieldValueIRS element (for citing)
Phone2628865900PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11400 N NEWMAN ROADAddressLine1
CityRACINECity
StateWIState
ZIP Code53406ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
JANET DAYS
ASSOC. BOARD MEMBER1.00Yes (X)$1,100$0$0
CLARENCE ALLEN
ASSOC. BOARD MEMBER1.00Yes (X)$1,550$0$0
WILLIAM HALSEY
BOARD MEMBER1.00Yes (X)$1,750$0$0
KRISTINE DIENER
BOARD MEMBER1.00Yes (X)$700$0$0
MILTON DOCKERY
BOARD MEMBER1.00Yes (X)$100$0$0
PAUL PELZEK
BOARD MEMBER1.00Yes (X)$2,250$0$0
MARY ANN SMITH
BOARD MEMBER1.00Yes (X)$2,450$0$0
DAVE HOLLE
SECRETARY1.00Yes (X)$1,950$0$0Yes (X)
BRAD ZAUTCKE
TREASURER1.00Yes (X)$1,800$0$0Yes (X)
CHERYL KOTHE
VICE CHAIRPERSON1.00Yes (X)$1,850$0$0Yes (X)
MARY LUENEBURG
CHAIRPERSON1.00Yes (X)$3,100$0$0Yes (X)
EUGENE SZYMCZAK
PRESIDENT40.00$430,814$0$28,203Yes (X)
MICHELLE GABOR
CFO40.00$140,805$0$9,989Yes (X)
ROBERT WALLESER
VP-BRANCH OPERATIONS40.00$155,632$0$24,977Yes (X)
JAMES HOOPER
VP-FACILITIES40.00$103,532$0$23,966Yes (X)
PETER STEIN
VP-HUMAN RESOURCES40.00$144,568$0$17,574Yes (X)
LINDA HOOVER
VP-LOANS40.00$155,555$0$11,295Yes (X)
JAMES HENDERSON
VP-MEMBER ENHANCEMENTS40.00$159,488$0$33,203Yes (X)
JOHN GAREY
VP - INVESTMENT SERVICES40.00$176,075$0$17,218Yes (X)
GLENN BRUSKY
BRANCH MANAGER40.00$107,188$0$6,402Yes (X)
DIANE HENDERSON
HR MANAGER40.00$101,605$0$4,110Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,693,862TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$176,937TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K10IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1CityContractorAddress/USAddress/CityStateContractorAddress/USAddress/StateZIP CodeContractorAddress/USAddress/ZIPCodeServicesServicesDescCompensationCompensationAmt
JACK HENRY & ASSOCIATES INC
PO BOX 609MONETTMO65708IT SERVICES$1,100,332
BUKACEK CONSTRUCTION
2429 SUMMIT AVENUERACINEWI53404CONSTRUCTION SERVICES$1,046,519
CDW DIRECT LLC
PO BOX 75723VERNON HILLSIL60675IT SERVICES$498,079
INFOIMAGE
141 JEFFERSON DRIVEMENLO PARKCA94025IT SERVICES$322,308
BLACK DIAMOND GROUP INC
PO BOX 394OAK CREEKWI53154PAVING SERVICES$279,915
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K20CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTEREST ON LOANS522100$48,378,284$48,378,284
CREDIT CARD INTERCHANGE INCOME522100$9,794,667$9,794,667
MEMBER SERVICE FEES522100$7,277,832$7,277,832
LOAN SERVICE FEES522100$1,849,052$1,849,052
COMMISSIONS522100$442,669$442,669

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$292,320TotalRevenueColumnAmt
Related Or Exempt Func Income$292,320RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$68,034,824TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,590,603TotalRevenueColumnAmt
Exclusion$1,590,603ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$464,125RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$619,273RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$155,148RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$155,148TotalRevenueColumnAmt
Exclusion-$155,148ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$2,373,465OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$100SecuritiesAmt
Other$2,504,893OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$100SecuritiesAmt
Other-$131,428OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$131,528TotalRevenueColumnAmt
Exclusion-$131,528ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
GIFT CARD INCOME900099$24,941$24,941
OTHER INCOME900099$2,000$2,000
FieldValueIRS element (for citing)
Other Revenue Total$26,941OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$69,365,692TotalRevenueColumnAmt
Related Or Exempt Func Income$68,059,765RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,305,927ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$300,183TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,651,494TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$11,798,072TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,317,293TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,741,205TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,064,980TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$171,931TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$330,926TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$905,802TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$4,052,153TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$5,238,855TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,860,436TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$183,431TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$486,827TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,637,114TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$176,206TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
PROVISION FOR LOAN LOSS$9,800,000
DIVIDENDS PAID$6,667,738
DEBIT AND CREDIT CARD E$1,484,888
OTHER EXPENSES$1,345,301

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$3,468,415TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$57,683,250TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$64,885,127BOYAmt
EOY$107,947,597EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$95,298,746BOYAmt
EOY$67,939,542EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,125,869,987BOYAmt
EOY$1,121,617,001EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$927,218BOYAmt
EOY$1,176,863EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$69,469,273LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$28,657,655LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$36,586,810BOYAmt
EOY$40,811,618EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$57,369,649BOYAmt
EOY$68,493,555EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$29,312,370BOYAmt
EOY$28,653,680EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,410,249,907BOYAmt
EOY$1,436,639,856EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$11,669,596BOYAmt
EOY$5,996,362EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,253,021,625BOYAmt
EOY$1,272,545,962EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,264,691,221BOYAmt
EOY$1,278,542,324EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$145,558,686BOYAmt
EOY$158,097,532EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$145,558,686BOYAmt
EOY$158,097,532EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,410,249,907BOYAmt
EOY$1,436,639,856EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$11,682,442ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$929,827NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$1,786,231OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Easements1TotalEasementsCnt
Total Acreage1.00TotalAcreageCnt
States Easements Held1StatesEasementsHeldCnt
Written Policy Monitoring0WrittenPolicyMonitoringInd
Staff Hours Spent Enforcement10.00StaffHoursSpentEnforcementCnt

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,636,109OtherCostOrOtherBasisAmt
Book Value$6,636,109BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$34,954,088OtherCostOrOtherBasisAmt
Depreciation$8,823,449DepreciationAmt
Book Value$26,130,639BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$590,031OtherCostOrOtherBasisAmt
Depreciation$507,690DepreciationAmt
Book Value$82,341BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$27,289,045OtherCostOrOtherBasisAmt
Depreciation$19,326,516DepreciationAmt
Book Value$7,962,529BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$40,811,618TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
MEMBERS' SHARE AND SAVINGS ACCOUNTS$1,262,437,004
OUTSTANDING DRAFTS PAYABLE$8,739,183
OTHER LIABILITIES$1,369,775
FieldValueIRS element (for citing)
Total Liability$1,272,545,962TotalLiabilityAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (10 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
RACINE SYMPHONY ORCHESTRA-SPONSORSHIP
PO BOX 1874RACINEWI53401$5,000GENERAL SUPPORT
RACINE COUNTY ECONOMIC DEVELOPMENT CO
2320 RENAISSANCE BLVDSTURTEVANTWI53177$5,000GENERAL SUPPORT
RACINE FAMILY YMCA
725 LAKE AVERACINEWI53403$50,000GENERAL SUPPORT
AMERICAN CANCER SOCIETY
PO BOX 22718OKLAHOMA CITYOK713123171$5,051GENERAL SUPPORT
KIDS FIRST FUND SPONSORSHIP
PO BOX 565RACINEWI53401$25,000GENERAL SUPPORT
RIVER BEND NATURE CENTER - DONATION
3600 N GREEN BAY RDRACINEWI53404$25,000GENERAL SUPPORT
UNITED WAY OF RACINE CO
2000 DOMANIK DRRACINEWI53404$7,536GENERAL SUPPORT
UNITED WAY OF GREATER MILWAUKEE
225 W VINE STMILWAUKEEWI53212$7,742GENERAL SUPPORT
UNITED WAY OF RACINE CO
2000 DOMANIK DRRACINEWI53404$19,378GENERAL SUPPORT
RACINE LUTHERAN HIGH SCHOOL - KITCHEN AND DINING GIFT
251 LUEDTKE AVERACINEWI53405$10,000GENERAL SUPPORT

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
EUGENE SZYMCZAK
PRESIDENT$406,238$0$16,824$0$7,752$0$21,370$0$6,833$0$459,017$0$0$0
MICHELLE GABOR
CFO$134,625$0$5,669$0$511$0$7,200$0$2,789$0$150,794$0$0$0
ROBERT WALLESER
VP-BRANCH OPERATIONS$146,480$0$6,464$0$2,688$0$3,524$0$21,453$0$180,609$0$0$0
PETER STEIN
VP-HUMAN RESOURCES$132,570$0$5,908$0$6,090$0$3,721$0$13,853$0$162,142$0$0$0
LINDA HOOVER
VP-LOANS$147,778$0$7,465$0$312$0$3,981$0$7,314$0$166,850$0$0$0
JAMES HENDERSON
VP-MEMBER ENHANCEMENTS$147,634$0$6,280$0$5,574$0$26,879$0$6,324$0$192,691$0$0$0
JOHN GAREY
VP - INVESTMENT SERVICES$125,459$0$30,806$0$19,810$0$0$0$17,218$0$193,293$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 4BFormAndLineReferenceDesc
ExplanationEUGENE SZYMCZAK- $15,120 JAMES HENDERSON - $23,000ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE 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 7ATHE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP UTILIZING THEIR ONE VOTE PER MEMBER.
FORM 990, PART VI, SECTION A, LINE 7BA MERGER IN WHICH EDUCATORS CREDIT UNION WAS NOT THE SURVIVING CREDIT UNION.
FORM 990, PART VI, SECTION A, LINE 8BMINUTES 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 11INFORMATION 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 12CEMPLOYEES ARE REQUIRED ANNUALLY TO SIGN THE OATH OF OFFICE AND REPORT ANY CONFLICTS OF INTEREST. WE OBTAIN ANNUAL SALARY DATA FROM A 3RD PARTY VENDOR. THE BUDGETING PROCESS AND BOARD APPROVE PERCENTAGE INCREASES FOR OVERALL SALARY INCREASES. ANNUAL INCREASES ARE GIVEN BASED ON SALARY RANGE, POSITION IN RANGE, PERFORMANCE, LENGTH OF EMPLOYMENT, TIME IN POSITION, AND THE BOARD APPROVED AVERAGE PERCENTAGE INCREASE.
FORM 990, PART VI, SECTION B, LINE 15WE 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 19GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUESTS.
FORM 990, PART IX, LINE 24ECREDIT CARD REBATE PROGRAM 1,293,528. LOAN SERVICING 1,178,330. ASSESSMENT EXPENSE 996,557.
FORM 990, PART XI, LINE 9:INCOME FROM CUSO 44,621. EQUITY FROM MERGER WITH LAKESIDE CREDIT UNION 1,741,610.
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.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodePrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtDirect Controlling NADirectControllingNACd
CENTER STREET REAL ESTATE LLC
1400 N NEWMAN ROADRACINEWI53406REAL ESTATEWI$0$0N/A
IVANHOE PLACE REAL ESTATE LLC
1400 N NEWMAN ROADRACINEWI53406REAL ESTATEWI$0$0N/A
HOWARD AVENUE REAL ESTATE LLC
1400 N NEWMAN ROADRACINEWI53406REAL ESTATEWI$0$0N/A
MOUNT PLEASANT REAL ESTATE LLC
1400 N NEWMAN ROADRACINEWI53406REAL ESTATEWI$0$0N/A

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1EDUCATORS CREDIT UNION FINANCIAL SERVICES INCORPORATE ECU FSIBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line11400 N NEWMAN ROADAddressLine1
CityRACINECity
StateWIState
ZIP Code53406ZIPCode
FieldValueIRS element (for citing)
EIN391941702EIN
Primary ActivitiesAUTOMOBILE LEASING SALES AND SERVICEPrimaryActivitiesTxt
Legal Domicile StateWILegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1EDUCATORS CREDIT UNIONBusinessNameLine1
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Share Of Total Income$44,621ShareOfTotalIncomeAmt
Share Of EOY Assets$11,459,431ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsYes (1)ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth OrgYes (1)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd