2013-11-01T12:09:57-05:00 2012-12-31 390758449 WIPFLI LLP PO BOX 8010 WAUSAU WI 544028010 990 2012-01-01 390812058 FORWARD FINANCIAL CREDIT UNION FORW 7152514546 1250 ROOSEVELT ROAD / PO BOX 48 NIAGARA WI 541510048 DENISE SAULD 7152514546 2013-10-23 1 MARY A COATES CPA P00134220 7158453111 2013-10-23 2012 2016-03-07 17:11:31Z TAMMY YOUNG 1250 ROOSEVELT ROAD / PO BOX 48 NIAGARA WI 541510048 4515266 0 2157 X WWW.FORWARDFCU.COM X 1948 WI A STATE CHARTERED NONPROFIT CORPORATION, SERVING MEMBERS IN NORTHEAST WISCONSIN AND THE UPPER PENINSULA OF MICHIGAN BY CREATING A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE RESOURCES TO HELP NURTURE MEMBERS NEEDS. 7 7 45 7 34401 -13575 0 0 4128039 4397046 11117 5185 0 0 4139156 4402231 0 0 0 0 1460136 1490523 0 0 0 2491245 2765607 3951381 4256130 187775 146101 70118946 71406926 62426583 63551104 7692363 7855822 X FORWARD FINANCIAL CREDIT UNION, AS A MEMBER OWNED AND DIRECTED COMMUNITY FINANCIAL INSTITUTION, IS DEDICATED TO SERVING THE PRESENT AND FUTURE FINANCIAL NEEDS OF OUR MEMBERS, INCLUDING LOW-INCOME AND UNDERSERVED POPULATIONS THROUGH COST EFFECTIVE FINANCIAL SERVICES CONSISTENT WITH CO-OPERATIVE PRINCIPLES, APPLICABLE LEGISLATION AND SOUND MANAGEMENT. 0 0 LOANS: CONSUMER, BUSINESS, AND REAL ESTATE SAVINGS, CERTIFICATE OF DEPOSIT, MONEY MARKETS, CHECKING, AND IRAS CASH HANDLING/CHECK CASHING FOR MEMBERS ONLY 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2236 0 1 45 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 0 1 1 1 0 X ROB LANGSFORD 7152514546 1250 ROOSEVELT ROAD / PO BOX 48 NIAGARA WI 541510048 DAN DECKER 2.00 X 0 0 0 STEVEN EAKLEY 2.00 X 0 0 0 ROBERT GANNON 2.00 X 0 0 0 KERRY GRIPPEN 2.00 X X 0 0 0 CHARLES AICHNER 2.00 X X 0 0 0 CRAIG PAULSON 2.00 X X 0 0 0 SCOTT PANCHERI 2.00 X X 0 0 0 ROBERT LANSFORD 40.00 X 81603 0 10838 DENISE SAULD 40.00 X 77850 0 5718 TAMMY YOUNG 40.00 X 61110 0 9801 220563 0 26357 0 0 0 0 FISERV REMITTANCE DRSTE 6974 CHICAGO IL 606756974 DATA PROCESSING 220504 1 INTEREST ON LOANS 522100 3569704 3569704 SERVICE FEES 522100 286944 252543 34401 INTERCHANGE INCOME 900099 282856 282856 LOAN FEES 522100 130516 130516 INSURANCE SALES 524298 90823 90823 36203 36203 4397046 23220 23220 95000 113035 -18035 -18035 -18035 4402231 4344610 34401 23220 1173936 79086 137982 99519 288909 18532 98574 110504 378961 76376 187338 6557 148809 7 346910 41982 DIVIDEND EXPENSE 515471 LOAN SERVICING FEES 207468 PROVISION FOR LOAN LOSS 194356 NCUSIF STABLIZATION 59674 85179 4256130 780324 718323 2228753 3071635 25590 178027 59782544 58387167 146632 108692 6119653 2071755 4279030 4047898 136297 2442631 4617824 297145 277360 70118946 71406926 781844 171421 61644739 63379683 62426583 63551104 X 0 0 0 0 7692363 7855822 7692363 7855822 70118946 71406926 146101 17358 0 X 0 0 0 101300 101300 3871960 1188176 2683784 1448178 694066 754112 698215 189513 508702 4047898 OTHER INVESTMENTS 873124 F BANK DEPOSITS 3744700 F 4617824 MEMBER SHARES 63152989 ACCRUED DIVIDENDS 5986 OTHER LIABILITIES 220708 63379683 FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ELECTION AT ANNUAL MEETING. UNLESS AN ALTERNATE ELECTION METHOD SET FORTH IN THE ORGANIZATION'S BYLAWS IS AUTHORIZED BY THE BOARD, DIRECTORS SHALL BE ELECTED BY THE MEMBERS PRESENT AT THE ANNUAL MEETING IN THE FOLLOWING MANNER: (A) THE CHAIRPERSON MAY APPOINT A NOMINATING COMMITTEE CONSISTING OF NOT FEWER THAN THREE (3) MEMBERS OF THE CREDIT UNION. IF APPOINTED, THE NOMINATING COMMITTEE SHALL NOMINATE ONE (1) OR MORE MEMBERS FOR EACH VACANCY ON THE BOARD, INCLUDING ANY UNEXPIRED TERM OCCUPIED BY A DIRECTOR APPOINTED BY THE BOARD UNDER SECTION 7 OF THIS ARTICLE. (B) AFTER THE NOMINATIONS OF THE NOMINATING COMMITTEE, IF ANY, HAVE BEEN PLACED BEFORE THE MEMBERS AT THE ANNUAL MEETING, THE CHAIRPERSON SHALL CALL FOR AND ACCEPT NOMINATIONS FROM THE FLOOR. WHEN NOMINATIONS ARE CLOSED, THE VOTES SHALL BE TAKEN AND TALLIED BY THE TELLERS, AND THE RESULTS SHALL BE ANNOUNCED. EXCEPT AS PROVIDED IN PARAGRAPH (C), ALL ELECTIONS SHALL BE DETERMINED BY PLURALITY VOTE, AND SHALL BE BY BALLOT EXCEPT WHEN THE NUMBER OF NOMINEES DOES NOT EXCEED THE NUMBER OF VACANCIES TO BE FILLED. (C) IF TWO (2) OR MORE CANDIDATES FOR DIRECTOR RECEIVE AN EQUAL NUMBER OF VOTES, AND RESOLUTION OF THE TIE VOTE AFFECTS THE ELECTION OF ONE (1) OR MORE DIRECTORS, THE MEMBERS PRESENT AT THE ANNUAL MEETING SHALL EITHER ELECT BY A PLURALITY VOTE THE APPROPRIATE NUMBER OF DIRECTORS FROM AMONG THE CANDIDATES WHO RECEIVED THE EQUAL NUMBER OF VOTES IN THE INITIAL BALLOTING, OR SHALL AUTHORIZE THOSE CANDIDATES TO RESOLVE THE TIE VOTE BY A DRAWING OF LOTS. FORM 990, PART VI, SECTION B, LINE 11 COPIES OF THE FORM 990 WERE DISTRIBUTED TO THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICER, EMPLOYEE, AND DIRECTOR'S ACTIVITIES WITHIN THE CREDIT UNION ARE MONITORED DAILY, ALL LOAN ADVANCES NEED APPROVAL OF A MAJORITY, AND THE POLICY IS REVIEWED AND SIGNED YEARLY. IF THERE IS A CONFLICT OF INTEREST THE OFFICER, EMPLOYEE, OR DIRECTOR IS REMOVED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO AND THE ORGANIZATION'S OFFICERS IS DETERMINED AND APPROVED BY THE PERSONNEL COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST.