2012-05-09T15:55:21-05:00 2011-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2011-01-01 390477300 PRIME FINANCIAL CREDIT UNION PRIM 4144864602 5656 SOUTH PACKARD AVENUE CUDAHY WI 53110 CHRISTINE MOCZYNSKI 4144864602 2012-05-02 1 GERALD B KISSELL P00092658 6123324300 2011 2016-02-24 21:20:13Z CHRISTINE MOCZYNSKI 5656 SOUTH PACKARD AVENUE CUDAHY WI 53110 8985495 0 X WWW.PRIMEFINANCIALCU.ORG X 1923 WI PRIME FINANCIAL CREDIT UNION (PFCU) IS DEDICATED TO IMPROVING THE FINANCIAL WELL-BEING OF ITS MEMBERS BY PROVIDING INNOVATIVE, COMPETITVE, AND HIGH-QUALITY SERVICES AND PRODUCTS. 7 7 88 2 59310 -412 0 0 10628231 8859991 35943 -488587 778656 109303 11442830 8480707 0 0 1655229 1131530 2803810 2751518 0 0 0 6509228 4063414 10968267 7946462 474563 534245 134878809 124600162 129620188 118807296 5258621 5792866 X THE CREDIT UNION OFFERS ITS MEMBERS FINANCIAL SOLUTIONS INCLUDING A VARIETY OF SAVING, CHECKING, INVESTMENT AND LENDING PROGRAMS. MEMBERS RELY ON PFCU TO NOT ONLY ASSIST THEM IN GROWING THEIR SAVINGS BUT TO HELP THEM SAVE MONEY WHEN NEEDING TO BORROW FUNDS. 1 0 PFCU'S LENDING PROGRAMS ASSIST PEOPLE IN LOWER INCOME LEVELS. ONE EXAMPLE WOULD BE EZ PAY DAY PROGRAMS. THEY OFFER A SOLUTION TO PAY DAY LENDING STORES WHICH CHARGE EXCESSIVE INTEREST RATES AND CAPTURE CONSUMERS. 0 0 0 0 0 0 1 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 0 1 4170 0 1 88 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 0 1 1 1 0 X DAVID BIENEMAN 4144864602 5656 SOUTH PACKARD AVENUE CUDAHY WI 53110 HB STAFFILENO 1.00 X X 0 0 0 CHRISTINE TIMM 1.00 X X 0 0 0 ERIC MOORE 1.00 X X 0 0 0 RALPH DEVITO 1.00 X X 0 0 0 STEVEN BEJMA 1.00 X 0 0 0 RANDY PERRY 1.00 X 0 0 0 SEAN SLOWEY 1.00 X 0 0 0 DENNIS DEGRAVE 1.00 X 0 0 0 CHRISTINE MOCZYNSKI 40.00 X 126183 0 1163 COLLEEN JAKUBOWSKI 40.00 X 90281 0 13839 216464 0 15002 1 0 0 0 UNITED HEALTHCARE PO BOX 14711 LEXINGTON KY 40512 EMPLOYEE HEALTH INSURANCE 376366 JACK HENRY & ASSOCIATES PO BOX 503328 ST LOUIS MO 63150 DATA PROCESSOR 165747 THE STATEMENT COMPANY 16300 W GLENDALE DR NEW BERLIN WI 53151 PRINTING & MAILING OF MEMBER STATEMENTS 128887 3 INCOME FROM LOANS 522100 6796356 6796356 FEE INCOME 522100 2063635 2004325 59310 8859991 16201 16201 35863 35863 35863 35863 504788 -504788 -504788 -504788 MISCELLANEOUS INCOME 522100 73440 73440 73440 8480707 8874121 59310 -452724 1131530 231466 1994120 329099 196833 16227 90064 61083 14661 755499 404530 590464 13509 12163 141010 383969 WRITE DOWN OF CUMI ASSE 518650 LOAN SERVICING 485872 LOAN LOSS EXPENSE 395261 NCUA ASSESSMENT 303597 -123145 7946462 2336801 2810123 30592 21093 108304713 103044990 4614869 4419283 10446675 5315351 5498980 5131324 12472864 7956049 1619990 1217300 134878809 124600162 575562 779473 211292 117495 3000000 3000000 125833334 114910328 129620188 118807296 X 0 0 0 0 5258621 5792866 5258621 5792866 134878809 124600162 534245 0 X 0 1 1 X 0 0 1 1183075 1183075 5432253 1867876 3564377 217734 76579 141155 3613613 3370896 242717 5131324 INVESTMENTS IN OTHER CU 57581 F INVESTMENT IN CUSO'S 85900 F NCUA INSURANCE DEPOSIT 1214390 C OTHER INVESTMENTS 6598178 F 7956049 DIVIDENDS PAYABLE 20654 MEMBER DEPOSITS 114763258 OTHER LIABILITIES 126416 114910328 PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN AN ESCROW ACCOUNT, RELATING TO ITS MORTGAGE LOANS, TO PAY TAXES AND INSURANCE ON BEHALF OF ITS MEMBERS. NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 DURING 2011 PFCU BEGAN OFFERING 1ST MORTGAGES. 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 ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. 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 THE CEO/VP OF FINANCE WILL REVIEW FORM 990 PRIOR TO FILING WITH THE IRS. A COPY WILL ALSO BE PROVIDED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE POLICIES SURROUNDING THE CREDIT UNION'S CODE OF ETHICS, ALONG WITH OUTSIDE EMPLOYMENT, ARE MONITORED AND ENFORCED BY THE HUMAN RESOURCE DEPARTMENT WITH THE ASSISTANCE OF THE MANAGEMENT TEAM. FORM 990, PART VI, SECTION B, LINE 15 THE CEO DETERMINES PROPER COMPENSATION FOR THE EXECUTIVE MANAGEMENT TEAM WITH AN OVERALL SALARY BUDGET APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. IN ADDITION, COMPENSATION SURVEYS ARE USED AS COMPARABLE DATA TO GENERATE APPROPRIATE COMPENSATION FIGURES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE AT THE ANNUAL MEETING. THE CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.