2013-08-14T16:08:45-05:00 2012-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2012-01-01 390906277 SUPERIOR CHOICE CREDIT UNION SUPE 8005694167 2817 TOWER AVENUE PO BOX 127 SUPERIOR WI 548800127 GARY ELLIOTT 8005694167 2013-08-13 1 GERALD B KISSELL P00092658 6123324300 2013-08-13 2012 2016-02-24 21:20:13Z GARY ELLIOTT 2817 TOWER AVENUE PO BOX 127 SUPERIOR WI 548800127 13754089 0 X WWW.SUPERIORCHOICE.COM X 1932 WI SUPERIOR CHOICE CREDIT UNION'S MISSION IS TO BE OUR MEMBERS' PRIMARY FINANCIAL SERVICE PROVIDER. 9 9 107 10 36584 0 0 0 11968488 13462085 794383 231902 40315 52129 12803186 13746116 0 20937 1197533 1449603 3840505 4061866 0 0 0 5282334 3794246 10320372 9326652 2482814 4419464 195976774 227107571 177779016 204579117 18197758 22528454 SUPERIOR CHOICE CREDIT UNION IS A NONPROFIT MEMBER-OWNED THRIFT INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS. 0 0 THE CREDIT UNION HOLDS DEPOSITS THROUGH VARIOUS TYPES OF ACCOUNTS INCLUDING MEMBERSHIP SAVINGS, CHRISTMAS CLUB, SHARE CERTIFICATE, PREMIER MONEY MARKET, IRA SAVINGS/CERTIFICATES, MARKET CHOICE SAVINGS, AND HEALTH SAVINGS ACCOUNTS; AND FOR MAKING LOANS THROUGH CONSUMER, MORTGAGE, COMMERCIAL, AND CREDIT CARD CHANNELS. THE CREDIT UNION PROVIDES COURTESY PAY AND OVERDRAFT PROTECTION TO MEMBERS. THE CREDIT UNION ALSO OFFERS A VARIETY OF OTHER FINANCIAL SERVICES. 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 14979 0 1 107 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 X GARY ELLIOTT 7153925616 2817 TOWER AVENUE SUPERIOR WI 54880 WILLIAM ANDERSON 1.00 X X 2200 0 0 JAMES LARSON 1.00 X X 2200 0 0 MARK CASPER 1.00 X X 2200 0 0 CHRIS GAY 1.00 X X 2000 0 0 ERNIE KORPELA 1.00 X X 200 0 0 TIM LEE 1.00 X X 200 0 0 LYNDA HOFFMAN 1.00 X X 2200 0 0 ED GALLAGHER 1.00 X X 2000 0 0 RON PEARSON 1.00 X 200 0 0 ELAINE PETERSON 1.00 X 0 0 0 GARY ELLIOTT 40.00 X 190712 0 37561 BENJAMIN ALTONEN 40.00 X 53744 0 2150 ANN MARIE OLSON 40.00 X 119345 0 12375 JAMES PETERSON 40.00 X 109329 0 17110 486530 0 69196 3 0 1 0 SECURITY PRODUCTS COMPANIES 4005 PHEASANT RIDGE DRIVE BLAINE MN 55449 CONSTRUCTION/SECURITY 568017 CU ANSWERS 6000 28 ST SE STE 100 GRAND RAPIDS MI 49546 DATA PROCESSING 412051 NATIONAL CREDIT UNION ADMINISTRATION 1775 DUKE STREET ALEXANDRIA VA 22314 INSURANCE 337489 FIRST DATA CORP 1000 CARR RD WILMINGTON DE 19809 DATA PROCESSING 336050 VANTIV 4455 LBJ FREEWAY DALLAS TX 75244 DATA PROCESSING 163640 8 INTEREST ON LOANS 522100 9798933 9798933 SERVICE CHARGES AND OTHER FEES 522100 1922726 1886142 36584 OTHER REVENUE 522100 1740426 1740426 13462085 239875 239875 52129 0 52129 52129 52129 7973 -7973 -7973 -7973 13746116 13425501 36584 284031 17437 3500 1449603 291444 2940432 363783 204894 261313 44106 24474 367363 259308 1281733 284902 146395 1342 548631 67968 LOAN SERVICING 392751 NCUSIF PREMIUM 175921 UBIT TAXES 2727 PROVISING FOR BAD DEBT -8918 205543 9326652 4990202 6958587 4495000 5128350 643267 682858 167130417 177682636 148532 126083 12151420 6634059 5303755 5517361 4888189 21118714 8377412 9892982 195976774 227107571 1465666 1246792 539017 666609 1000000 0 174774333 202665716 177779016 204579117 X 0 0 0 0 18197758 22528454 18197758 22528454 195976774 227107571 4419464 -88768 0 X 0 1 X 1 0 0 1 X 1037530 1037530 5934746 2196100 3738646 173895 173895 0 4970086 4264064 706022 35163 35163 5517361 457(B) PLAN 75539 C FEDERAL AGENCY SECURITIES 18056396 C ACCUMULATED GAIN/LOSS ON SECURITIES 129670 C MUNICIPAL BONDS 2857109 C 21118714 MEMBER SHARES 202665716 202665716 X 13754089 0 13754089 -7973 -7973 13746116 9334625 7973 7973 9326652 0 9326652 PART IV, LINE 2B: THE CREDIT UNION SERVICES MORTGAGE LOANS ON BEHALF OF FREDDIE MAC. FUNDS ARE HELD IN ESCROW TO PAY TAXES AND INSURANCE ON BEHALF OF MORTAGE LOAN MEMBERS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE CREDIT UNION BELIEVES THAT ITS INCOME TAX FILING POSITIONS AND DEDUCTIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE TO ITS FINANCIAL CONDITION. THEREFORE, NO RESERVES FOR UNCERTAIN INCOME TAX POSITIONS HAVE BEEN RECORDED PURSUANT TO APPLICABLE GUIDANCE. IN ADDITION, THE CREDIT UNION DID NOT RECORD A CUMULATIVE EFFECT ADJUSTMENT RELATED TO THE ADOPTION OF FIN 48 (ASC 740). PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS RECLASSED FROM EXPENSES -7,973. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS RECLASSED FROM EXPENSES 7,973. 1 NORTHWEST COMMUNITY ACTION SERVICES 1118 TOWER AVENUE SUPERIOR WI 54880 391091469 501(C)(3) 8619 SUPPORT FOR LOCAL COMMUNITY-FOCUSED AGENCY. 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE CREDIT UNION HAS A CONTRIBUTIONS POLICY IN PLACE (WITHIN THE MARKETING POLICY), WHICH STATES THE CONTRIBUTION GUIDELINES AS WELL AS THE PROCEDURES FOR ACCEPTING DONATION REQUESTS. ALL REQUESTS ARE PLACED IN WRITING THROUGH THE AVP OF MARKETING AND SALES. DONATIONS ARE GRANTED WHEN APPROPRIATE. THE EVP OF OPERATIONS SIGNS OFF ON ALL REQUESTS WHEN PAYMENTS ARE MADE. IF THE CONTRIBUTION ENSURES SOME FORM OF ADVERTISEMENT OR SPONSHIP, THE AVP OF MARKETING AND SALES ARRANGES FOR THE PROPER USE OF LOGO FORMATS AND CORPORATE COLORS. THE CREDIT UNION VERIFIES IT IS REPRESENTED AS PROMISED. IF THERE IS NO EXPRESSED GUARANTEE OF ADVERTISEMENT OR ACKNOWLEDGEMENT OF THE DONATION, THE RECIPIENT IS RESPONSIBLE FOR THEIR DONATION. X 1 1 X X X X X 0 0 0 GARY ELLIOTT 159850 0 26092 0 4770 0 19071 0 18490 0 228273 0 0 0 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 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 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 11 FORM 990 IS REVIEWED BY THE PRESIDENT AND CONTROLLER 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 15 MANAGEMENT AND STAFF SALARIES, OTHER THAN THE PRESIDENT, ARE ADMINISTERED THROUGH THE USE OF THE COMPEASE 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 19 THE GOVERNING DOCUMENTS AND POLICIES OF THE CREDIT UNION ARE AVAILABLE UPON WRITTEN REQUEST. FINANCIAL INFORMATION IS POSTED IN THE LOBBY EACH MONTH AND IS ALSO AVAILABLE UPON WRITTEN REQUEST. NORTHLAND BENEFITS INC 2817 TOWER AVENUE SUPERIOR WI 54880 320258695 OTHER - BENEFITS PLUS MEMBERSHIP WI SUPERIOR CHOICE CREDIT UNION C 24 65 1.00000 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0