2011-05-05T15:09:41-05:00 2010-12-31 LARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2010-01-01 390445714 KIMCENTRAL CREDIT UNION KIMC 9207202572 625 DEERWOOD AVE NEENAH WI 54956 TONNI LARSON 9207202572 2011-04-27 1 RICHARD J GABRIELSON 5074347000 2010 2016-02-24 21:20:13Z TONNI LARSON 625 DEERWOOD AVE NEENAH WI 54956 2695020 0 X WWW.KIMCENTRAL.ORG X CU 1934 WI KIMCENTRAL CREDIT UNION EXISTS TO PROVIDE FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OF SPECIFIC SELECT EMPLOYEE GROUPS AND GEOGRAPHICAL LOCATIONS AS FOLLOWS: EMPLOYEES AND THEIR FAMILIES WHO ARE EMPLOYED BY KIMBERLY-CLARK CORP, GULF STREAM AEROSPACE, MIDWEST EXPRESS AIRLINES AND COGNIZANT TECHNOLOGY SOLUTIONS TO INCLUDE INDIVIDUALS WHO WORK OR RESIDE IN CALUMET, OUTAGAMIE, MANITOWOC, WAUPACA, SHAWANO, AND WINNEBAGO COUNTIES. 7 6 31 6 6133 -21829 0 0 2274718 2003534 635008 691486 0 0 2909726 2695020 0 0 376097 290870 936160 920579 0 0 0 835382 1017158 2147639 2228607 762087 466413 58531658 59613851 45324971 45864285 13206687 13749566 X KIMCENTRAL CREDIT UNION EXISTS TO PROVIDE FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OF SPECIFIC SELECT EMPLOYEE GROUPS AND GEOGRAPHICAL LOCATIONS AS FOLLOWS: EMPLOYEES AND THEIR FAMILIES WHO ARE EMPLOYED BY KIMBERLY-CLARK CORP, GULF STREAM AEROSPACE, MIDWEST EXPRESS AIRLINES AND COGNIZANT TECHNOLOGY SOLUTIONS TO INCLUDE INDIVIDUALS WHO WORK OR RESIDE IN CALUMET, OUTAGAMIE, MANITOWOC, WAUPACA, SHAWANO AND WINNEBAGO COUNTIES. 0 0 KIMCENTRAL PAID MEMBERS 8% OF THE YEAR-TO-DATE INTEREST THEY PAID TO THE CREDIT UNION IN 2010 ON BORROWED MONEY FROM JAN - NOV. MEMBERS RECEIVED DEPOSITS TO THEIR SAVINGS ACCOUNTS IN DECEMBER. TOTAL INTEREST REFUND PAID BACK TO MEMBERS - $39,542. KIMCENTRAL OPERATES TWO CREDIT UNION OFFICES INSIDE LOCAL HIGH SCHOOLS. STUDENTS RUN THE CREDIT UNION OFFICES TO EDUCATE YOUTH ON GOOD FINANCIAL MANAGEMENT SKILLS. IN ADDITION STAFF MEET WITH PARENTS AND STUDENTS FOR ASSISTANCE WITH COLLEGE FUNDING AND COMPLETING THE FAFSA APPLICATION. STAFF ALSO SPEND TIME IN CLASS ROOMS SPEAKING TO ACCOUNTING, BUSINESS AND MARKETING CLASSES. KCCU ALSO SPONSORS FINANCIAL LITERACY EVENTS SUCH AS THE REALITY STORE IN THE SCHOOLS ANNUALLY. KIMCENTRAL PROVIDED LOANS TO 569 MEMBERS IN 2010 AND PAID $39,542 BACK TO MEMBERS IN LOAN INTEREST REFUNDS. 0 0 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1308 0 1 31 1 1 1 0 0 0 0 0 X 7 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X KAREN RISKE 9207202572 625 DEERWOOD AVE NEENAH WI 54956 TONNI LARSON 50.00 X X 148889 0 13714 DENNIS HALTINNER 1.00 X X 0 0 0 CARRIE BONNELL 1.00 X X 0 0 0 TIMOTHY SHORT 1.00 X X 0 0 0 WILLIAM ABBA 1.00 X X 0 0 0 GREG EVERS 1.00 X 0 0 0 THOMAS RING 1.00 X 0 0 0 KAREN RISKE 42.00 X 153600 0 10932 BRENDA DEWALL 45.00 X 56592 0 8836 359081 0 33482 2 0 1 0 FISERV 75 REMITTANCE DRIVE STE 6944 CHICAGO IL 606756944 DATA PROCESSING 139549 1 LOAN INTEREST 900099 1404915 1404915 OTHER INCOME 524298 453945 453945 FEE INCOME 522100 138837 132704 6133 NON OPERATING INCOME 900099 5837 5837 2003534 691486 691486 2695020 1997401 6133 691486 290870 392563 414358 22879 36938 53841 3780 201871 326875 153765 12501 LOAN SERVICING EXPENSE 88671 EDUCATIONAL AND PROMOTI 65101 SHARE INSURANCE PREMIUM 56626 NCUSIF IMPAIRMENT 49708 PROVISION FOR LOAN AND 48000 10260 2228607 7373952 9532426 248000 248000 25003537 22071825 2969090 1179524 1830284 1789566 19821443 21249076 399575 438987 3854867 4283971 58531658 59613851 1069127 980980 44255844 44883305 45324971 45864285 X 0 0 0 0 13206687 13749566 13206687 13749566 58531658 59613851 X 466413 76466 X 0 0 0 531457 531457 1616941 485847 1131094 31855 11174 20681 788837 682503 106334 1789566 SECURITIES - AFS 18292194 C SECURITIES - HELD TO MATURITY 38743 C LIFE INSURANCE INVESTMENT 2918139 C 21249076 LOANS HELD FOR SALE 1135600 FORECLOSED ASSETS 1000000 NCUA DEPOSIT 455929 ACCRUED INTEREST 188754 OTHER ASSETS 1503688 4283971 SHARE DRAFTS 10687318 REGULAR SHARES 16761084 MONEY MARKET SHARES 10203111 SHARE CERTIFICATES 5065962 IRA/KEOGH ACCOUNTS 2165830 44883305 X 1 1 X X X 0 0 0 TONNI LARSON 129796 0 19093 0 0 0 11899 0 1815 0 162603 0 0 0 KAREN RISKE 98247 0 11467 0 43886 0 8717 0 2215 0 164532 0 0 0 PART I, LINE 1A KAREN RISKE RECEIVED A YMCA MEMBERSHIP OF $672. FORM 990, PART VI, SECTION A, LINE 6 ANY RESIDENT OR EMPLOYEE WORKING OR LIVING IN WINNEBAGO, OUTAGAMIE, CALUMET, SHAWANO, WAUPACA OR MANITOWOC COUNTIES IN THE STATE OF WISCONSIN TO INCLUDE EMPLOYEES OF GULFSTREAM AEORSPACE, KIMBERLY-CLARK CORP,AND COGNIZANT TECHNOLOGIES IS ELIGIBLE TO BE A MEMBER OF KIMCENTRAL CREDIT UNION. KIMCENTRAL HAS ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS ARE VOTING MEMBERS FOR BOARD OF DIRECTORS OF THE CREDIT UNION AT THE ANNUAL MEETING OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B SPECIAL MEETING OF THE MEMBERS IS NECESSARY ACCORDING TO THE CREDIT UNION BYLAWS FOR ACTIONS SUCH AS MERGER, NAME CHANGE, CHARTER CHANGE, ETC. FORM 990, PART VI, SECTION B, LINE 11 CEO AND SR. VP OF FINANCE REVIEW THE RETURN PRIOR TO FILING AFTER COMPLETED BY CPA FIRM AND PROVIDE AN ACCURATE COPY TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING OF THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS REVIEW LOAN AND MEMBER SURVEYS DONE BY STAFF MEMBERS NOT RELATED TO THE FUNCTION ON A MONTHLY BASIS. KIMCENTRAL CREDIT UNION'S POLICY IS TO NOT HIRE FAMILY MEMBERS OF BOARD MEMBERS NOR TO HIRE OR RETAIN SERVICES OF BOARD MEMBERS IN ANY CAPACITY THAT COULD BE A CONFLICT OF INTEREST IN THE ORGANIZATION. BOARD MEMBERS HAVE SIGNED A "CONFLICT OF INTEREST" STATEMENT AND UNDERSTAND THE NEED TO DO SO. COMPENSATED EMPLOYEES CANNOT FINANCE BUSINESS LOANS AT THE CREDIT UNION AND LOAN OFFICERS' LOANS NEED TO BE APPROVED BY THE PRESIDENT AND THE PRESIDENT'S LOAN REQUESTS NEED APPROVAL OF THE BOARD. EMPLOYEES DO NOT HAVE ACCESS TO THEIR ACOUNTS OR FAMILY MEMBER ACCOUNTS. LOANS GENERATED ARE VERIFIED BY ACCOUNTING STAFF EACH DAY FOR VERIFICATION OF ORIGINATION AND ARE BALANCED TO THE GENERAL LEDGER. IF A CONFLICT OF INTEREST IS UNCOVERED, THE BOARD WILL BE MADE AWARE OF THE ISSUES AND THE PRESIDENT TO HANDLE RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION PARTICIPATES IN AND USES THE CUES EXECUTIVE AND STAFF COMPENSATION SURVEYS AND REPORTING TO DETERMINE COMPENSATION FOR STAFF AT ALL LEVELS. THIS INFORMATION IS UPDATED ANNUALLY AND IS PROVIDED ON BOTH A NATIONAL AND REGIONAL BASIS FOR COMPARISON. THE BOARD DETERMINES THE CEO'S SALARY AND THE CEO SETS A SALARY BUDGET FOR ALL OTHER STAFF BASED ON THE CUES SURVEY. SALARY BUDGET IS THEN APPROVED BY THE BOARD IN JANUARY OF EACH YEAR. PROCESS MOST RECENTLY COMPLETED IN 2010 WITH DETTMAN CONSULTING FORM 990, PART VI, SECTION C, LINE 19 ANNUAL FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE MAIN OFFICE OF THE CREDIT UNION. BYLAWS AND OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE TO ANYONE FOR REVIEW BY APPOINTMENT WITH AN OFFICER OF THE CREDIT UNION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 76,466.