2013-05-13T16:33:40-05:00 2012-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2012-01-01 410705136 CENTRAL MINNESOTA CREDIT UNION CENT 3202563669 20 4TH AVE SE PO BOX 10 MELROSE MN 56352 CHARLES FRIEDERICHS 3202563669 2013-05-10 1 RICHARD J GABRIELSON P00001024 5074347000 2012 2016-02-24 21:20:13Z RICHARD ODENTHAL 20 4TH AVE SE PO BOX 10 MELROSE MN 56352 41864145 0 X WWW.MYCMCU.ORG X CU 1939 MN CENTRAL MINNESOTA CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE PROVIDING LOAN, DEPOSIT AND OTHER FINANCIAL SERVICES TO 48,000 MEMBERS. 9 9 272 12 57704 14792 0 0 31135861 34264701 617537 330153 2021556 2446049 33774954 37040903 14000 13152 4683990 4000528 11769951 13752731 0 0 0 9513431 9906236 25981372 27672647 7793582 9368256 626143533 704884027 530173506 599183376 95970027 105700651 CENTRAL MINNESOTA CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE PROVIDING LOAN, DEPOSIT AND OTHER FINANCIAL SERVICES TO 48,000 MEMBERS. 0 0 CENTRAL MINNESOTA CREDIT UNION PAID DIVIDENDS OF $4,000,528 ON AMOUNTS DEPOSITED BY MEMBERS. AS A STATE CHARTERED CREDIT UNION WE PROVIDE A VARIETY OF DEPOSITORY SERVICES TO OUR MEMBERSHIP. THE CREDIT UNION HAD 48,000 MEMBER ACCOUNTS WITH DEPOSITS OF $578,706,109 AS OF DECEMBER 31, 2012. AS A STATE CHARTERED CREDIT UNION WE PROVIDE A VARIETY OF LENDING SERVICES TO OUR MEMBERSHIP INCLUDING RETAIL, COMMERCIAL AND AGRICULTURAL LOANS. THE CREDIT UNION HAD 22,145 LOANS OUTSTANDING AS OF DECEMBER 31, 2012 WITH BALANCES OF $560,764,827. 0 0 0 0 0 0 0 0 0 1 0 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 0 0 0 1 16652 0 1 272 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X CHARLES FRIEDERICHS 3202563669 20 4TH AVE SE MELROSE MN 56352 CHAD MIDDENDORF 2.00 X 873 0 0 DEAN MOHS 2.00 X 0 0 0 PHILIP OSENDORF 2.00 X 0 0 0 MICHELE ROHE 2.00 X 1040 0 0 MARVIN HINNENKAMP 2.00 X 0 0 0 JAMES MADER 2.00 X 1071 0 0 SUSAN HECHT 2.00 X 0 0 0 FRED FLEISCHHACKER 2.00 X 910 0 0 LUANN LOXTERCAMP 2.00 X 1040 0 0 RICHARD ODENTHAL 45.00 X 506644 0 79533 CHARLES FRIEDERICHS 45.00 X 200822 0 42775 BERNARD BRIXIUS 45.00 X 239441 0 36098 MICHAEL WEHLAGE 45.00 X 180760 0 35117 NADINE RIELAND 45.00 X 144394 0 15698 JASON MACDONALD 45.00 X 132481 0 29459 DEAN GOEBEL 45.00 X 120438 0 24742 GARY MEYER 45.00 X 121289 0 31926 DEAN DIRKES 45.00 X 131454 0 36008 1782657 0 331356 11 0 1 0 0 LOAN INTEREST 900099 31049816 31049816 FEES & CHARGES 522100 3214885 3157181 57704 34264701 722687 722687 2764523 1666185 2750000 2073242 14523 -407057 -392534 -392534 MISCELLANEOUS OPERATIONS INCOME 900099 2446049 2446049 2446049 37040903 36653046 57704 330153 13152 4000528 1326124 9759516 557179 1268582 841330 666109 2730734 1432017 432879 387325 467174 UNRELATED BUSINESS INCO 3750 PROVISION FOR LOAN LOSS 1296238 LOAN SERVICING EXPENSE 1142033 EDUCATIONAL AND PROMOTI 742857 605120 27672647 41542768 37214904 61536000 63539000 490300986 554869683 628655 682036 23438706 6945737 13228568 16492969 6293158 16687454 12613398 15397981 626143533 704884027 17715432 20477267 512458074 578706109 530173506 599183376 X 0 0 0 0 95970027 105700651 95970027 105700651 626143533 704884027 X 9368256 48376 313992 X X 0 1 X 1 0 5042041 5042041 14377806 14377806 550808 550808 3468051 3468051 6945737 -6945737 16492969 MEMBER SHARES 578706109 578706109 X 37427061 386158 386158 37040903 0 37040903 28058805 386158 386158 27672647 0 27672647 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. CERTAIN PRODUCTS AND SERVICES PROVIDED BY SELECT STATE CHARTERED CREDIT UNIONS HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS), IN TECHNICAL ADVICE MEMORANDUMS (TAMS) RELEASED IN 2007, TO BE UNRELATED TO THE SPECIFIC ENTITY'S EXEMPT PURPOSE. AS PRESENTED IN THE TECHNICAL ADVICE MEMORANDUMS THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES WOULD BE SUBJECT TO INCOME TAXES. CREDIT UNIONS HAVE LITIGATED AGAINST THE IRS POSITIONS NOTED IN THE TAMS AND HAVE BEEN SUCCESSFUL IN HAVING COURTS DECLARE IN 2009 AND 2010 THAT REVENUE FROM INSURANCE PRODUCTS SOLD TO MEMBERS, HELPING THEM PROTECT THEIR FINANCIAL WELLBEING, QUALIFIES AS EXEMPT PURPOSE INCOME, CONTRARY TO THE IRS POSITION IN THE TAMS. THE CREDIT UNION HAS FILED TAX RETURNS FOR ACTIVITIES THEY HAVE DEEMED TAXABLE. THE CREDIT UNION HAS EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST. THE CREDIT UNION'S 2010 AND SUBSEQUENT TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: PORTION OF LOSS ON OREO REPORTED AS EXPENSE ON AUDIT REPORT 386,158. PART XII, LINE 2D - OTHER ADJUSTMENTS: PORTION OF LOSS ON OREO REPORTED AS EXPENSE ON AUDIT REPORT 386,158. 1 MELROSE SCHOOL DISTRICT 546 5TH AVE NE MELROSE MN 56352 416004062 GOVERNMENTAL ENTITY 6460 SCOREBARD AT HIGH SCHOOL. ORDER OF ST BENEDICT (ST JOHN'S PREPARATORY SCHOOL) 2900 ABBEY PLAZA PO BOX 2400 COLLEGEVILLE MN 56321 410693973 501(C)(3) 6692 SCHOOL LOGO CHAIRS. 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL DONATIONS ARE MADE AT MANAGEMENT'S DISCRETION TO ORGANIZATIONS THAT ARE MEMBERS OF OR REPRESENTED BY MEMBERS OF THE CREDIT UNION BASED ON THE NEEDS OF ORGANIZATIONS WITHIN OUR COMMUNITIES. THE CREDIT UNION MAINTAINS RECORDS OF THE AMOUNTS DONATED. X X 1 1 X X X X X 0 0 0 RICHARD ODENTHAL 335245 0 163196 0 8203 0 61159 0 18374 0 586177 0 0 0 CHARLES FRIEDERICHS 144780 0 44917 0 11125 0 21133 0 21642 0 243597 0 0 0 BERNARD BRIXIUS 176645 0 52662 0 10134 0 19351 0 16747 0 275539 0 0 0 MICHAEL WEHLAGE 136417 0 42465 0 1878 0 19350 0 15767 0 215877 0 0 0 NADINE RIELAND 118242 0 26152 0 0 0 13163 0 2535 0 160092 0 0 0 JASON MACDONALD 107294 0 25187 0 0 0 11468 0 17991 0 161940 0 0 0 GARY MEYER 101123 0 20166 0 0 0 17548 0 14378 0 153215 0 0 0 DEAN DIRKES 107029 0 24425 0 0 0 19653 0 16355 0 167462 0 0 0 PART I, LINE 1A BERNARD BRIXIUS - COMPANION TRAVEL - $360 MICHELE ROHE - COMPANION TRAVEL - $1,040 LUANN LOXTERCAMP - COMPANION TRAVEL - $1,040 FRED FLEISCHHACKER - COMPANION TRAVEL - $910 JIM MADER - COMPANION TRAVEL - $1,071 CHAD MIDDENDORF - COMPANION TRAVEL - $873 RICHARD ODENTHAL - COMPANY VEHICHLE GROSS-UP $8,203 CHARLES FRIEDERICHS - COMPANY VEHICHLE GROSS-UP $11,125 BERNARD BRIXIUS - COMPANY VEHICHLE GROSS-UP $9,774 MICHAEL WEHLAGE - COMPANY VEHICHLE GROSS-UP $1,878 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE CREDIT UNION IS OPEN TO THOSE WHO LIVE, WORK, WORSHIP, OR ATTEND SCHOOL IN AND BUSINESSES AND OTHER LEGAL ENTITIES IN 16 CONTIGUOUS COUNTIES IN CENTRAL MINNESOTA AND 2 COUNTIES IN NORTH DAKOTA. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE RELATIVES OF EITHER OF THEM AND THEIR SPOUSES MAY BE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE GOVERNING BODY AND ALL MEMBERS HAVE AN EQUAL VOTE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS APPROVE MINUTES OF MEMBER MEETINGS AND MOTIONS MADE AT THE ANNUAL MEETING (INCLUDING AMENDMENTS TO BYLAWS). FORM 990, PART VI, SECTION B, LINE 11 THE CHIEF FINANCIAL OFFICER WILL REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C KEY EMPLOYEES AND BOARD MEMBERS COMPLETE A QUESTIONNAIRE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE WAGE AND COMPENSATION COMMITTEE REVIEWS AND APPROVES CEO COMPENSATION ANNUALLY. INCREASES ARE BASED, IN PART, ON INDUSTRY COMPARABILITY DATA. THIS PROCESS WAS LAST COMPLETED IN JANUARY 2013. EXECUTIVE MANAGEMENT AND HUMAN RESOURCES REVIEW AND APPROVE COMPENSATION FOR OTHER EMPLOYEES ANNUALLY. AN INDEPENDENT FIRM IS ENGAGED ANNUALLY TO REVIEW SALARY RANGES INCLUDING THE DEVELOPMENT OF A SALARY INCREASE MATRIX. THIS PROCESS WAS LAST COMPLETED IN NOVEMBER 2012. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: EQUITY ACQUIRED IN MERGER 313,993. ROUNDING -1. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE TO THIS PROCESS SINCE THE PRIOR YEAR.