2024-04-25T11:28:22-05:00 2023-12-31 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2023-01-01 390126914 UNITEDONE CREDIT UNION UNIT 9206840361 1117 SOUTH 10TH STREET MANITOWOC WI 54220 KIMBERLY ROONEY CHIEF EXECUTIVE OFFICER 9206840361 2024-04-25 1 KIMBERLY ROONEY XXX-XX-XXXX 1 MICHAEL J PETERSON CPA P01833529 2187224705 2024-04-25 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z KIMBERLY ROONEY 1117 SOUTH 10TH STREET MANITOWOC WI 54220 17000592 0 2157 X WWW.UNITEDONE.ORG X 1938 WI UNITEDONE CREDIT UNION IS A FINANCIAL COOPERATIVE, NONPROFIT CORPORATION, INCORPORATED UNDER CHAPTER 186 OF THE WISCONSIN STATUTES TO ENCOURAGE THRIFT AMONG ITS MEMBERS, TO CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND TO PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. 9 9 105 9 58302 0 0 0 13401878 15197908 1005425 1552632 27131 112048 14434434 16862588 51466 64466 0 0 6728791 7401381 0 0 0 5918796 7634396 12699053 15100243 1735381 1762345 301556486 303119099 271358733 271243268 30197753 31875831 X UNITEDONE CREDIT UNION IS A COMMUNITY-CHARTERED INSTITUTION OFFERING MEMBERSHIP TO PERSONS LIVING AND WORKING IN THE WISCONSIN COUNTIES OF DOOR, KEWAUNEE, MANITOWOC, AND SHEBOYGAN. SIX BRANCH OFFICES IN MANITOWOC AND SHEBOYGAN SERVICE THE MEMBERS. IN ORDER ASSIST YOUTH WITH FINANCIAL LITERACY, UNITEDONE CREDIT UNION ALSO HAS 7 SCHOOL OFFICES. MEMBERS ARE PROVIDED WITH A FULL RANGE OF PRODUCTS AND SERVICES INCLUDING CHECKING, SAVINGS, LOANS AND INVESTMENT AND BUSINESS SERVICES. 0 0 IN 2023, WE HAD PRODUCED A TOTAL OF $77,739,322 IN CONSUMER, BUSINESS, MORTGAGE, AND SECONDARY MARKET LOAN VOLUMES - THIS INCLUDES LOANS SOLD INTO THE SECONDARY MARKET OF $7,583,961. WE HAD NET LOAN GROWTH OF $12,019,465 IN CONSUMER, BUSINESS, AND MORTGAGE LOANS. THERE WERE 43,397 DEPOSIT ACCOUNTS. THE NUMBER OF MEMBERS AT YEAR END WERE 19,436 WITH A POTENTIAL MARKET OF 250,022. EVEN THOUGH WE'VE OPENED OUR BRANCHES FOR MEMBERS, WE'VE ALSO MAINTAINED CURBSIDE SERVICE AND VIRTUAL APPOINTMENTS WITH MEMBERS SO THEY COULD SAFELY COMPLETE THEIR TRANSACTION WITHOUT THE NEED TO ENTER A BRANCH IF PREFERRED. WE LAUNCHED A NEW DIGITAL BANKING PLATFORM FOR BUSINESS MEMBERS TO BETTER MEET THEIR NEEDS. THIS ALLOWS THE BUSINESS OWNER TO GRANT SPECIFIC ACCESS VIA DIGITAL BANKING TO SUCH INDIVIDUALS AS AN OFFICE MANAGER OR TAX ADVISOR.IN 2023 WE ALSO LAUNCHED OLLIE, OUR AUTOMATED PHONE ATTENDENT, TO HELP SERVE MEMBERS MORE EFFICIENTLY WHEN CALLING IN WITH CERTAIN QUESTIONS OR REQUESTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 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 5077 0 1 105 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X ASHLEY VANDERMAUSE 9206522548 1117 SOUTH 10TH STREET MANITOWOC WI 54220 JOHN SCHULTZ CHAIRMAN 2.00 X X 0 0 0 LARRY BAHR VICE CHAIR 2.00 X X 0 0 0 JILL PICKETT TREASURER 2.00 X X 0 0 0 SHERRY REZBA SECRETARY 2.00 X X 0 0 0 KATELYN BURTON BOARD MEMBER 2.00 X 0 0 0 MARY JO CAPODICE BOARD MEMBER 2.00 X 0 0 0 BETH SNYDER BOARD MEMBER 2.00 X 0 0 0 JAKE WENZEL BOARD MEMBER 2.00 X 0 0 0 MERCY YANG BOARD MEMBER 2.00 X 0 0 0 KIMBERLY ROONEY CHIEF EXECUTIVE OFFICER 50.00 X 342464 0 76984 ASHLEY VANDERMAUSE CHIEF FINANCIAL OFFICER 50.00 X 219248 0 36413 TAMMY PELLETIER CHIEF OPERATIONS OFFICER 50.00 X 196447 0 53468 AMY SONNEMANN CHIEF LENDING OFFICER 50.00 X 183558 0 54353 LAURA FIELDING CHIEF HR OFFICER 50.00 X 172606 0 28518 JASON MUENCH FINANCIAL PLANNER 50.00 X 139161 0 21032 ERIC KUMMER TECHNOLOGY SERVICES DIRECT 50.00 X 165667 0 27429 1419151 0 298197 12 0 1 0 IT GROUP LLC 30230 ORCHARD LAKE RD STE 260 FARMINGTON HILLS MI 48334 IT CONSULTING/CORE SERVICER 585459 THINK STACK PO BOX 791585 BALTIMORE MD 21279 IT SERVICE PROVIDER 476591 VISA INC ONE MARKET PLAZA SAN FRANCISCO CA 94105 DEBIT CARD SERVICES 287239 EDGE ONE 161 BUSINESS PARK CIRCLE STOUGHTON WI 53589 HARDWARE & SOFTWARE MAINTENANCE 277167 KASA LTD PO BOX 527 LUBBOCK TX 79408 REWARDS CHECKING 141705 8 INTEREST ON LOANS 522291 10430885 10430885 CREDIT AND DEBIT CARD INCOME 522100 2311244 2288342 22902 FEE INCOME 522100 1018118 1018118 INSURANCE INCOME 524298 832184 796784 35400 LOAN INCOME 522291 385338 385338 220139 220139 15197908 1537999 1537999 152637 138004 14633 14633 14633 112048 112048 112048 16862588 15139606 58302 1664680 62466 2000 675109 5116744 158281 1019805 431442 13256 61344 395242 304433 865630 1316417 355006 18112 129313 135135 753083 131876 DIVIDENDS PAID ON MEMBE 1622140 ATM & CREDIT CARD FEES 658357 LOAN & PROCESSING FEES 563460 DUES & MEMBERSHIPS 113776 197816 15100243 5664400 5965060 22923053 13833966 496644 643457 231237181 243429274 937984 924582 11738311 7696590 4424295 4041721 22134422 18964052 2708327 4191204 11030180 11125783 301556486 303119099 4487748 4911018 306696 86281 266564289 266245969 271358733 271243268 X 0 0 0 0 30197753 31875831 30197753 31875831 301556486 303119099 X 1762345 571629 -655896 X 0 0 0 0 1 X 717998 717998 6488407 4626595 1861812 3351720 2553755 797965 1180186 516240 663946 4041721 SHARES & DRAFTS 266245969 266245969 PART IV, LINE 2B: THE ORGANIZATION IS THE TRUSTEE OF CERTAIN MEMBER'S ESCROW FUNDS AND HAS FIDUCIARY RESPONSIBILITY FOR THE ADMINISTRATION AND DISTRIBUTION OF THESE FUNDS FOR MEMBERS OF THE ORGANIZATION. 1 SHEBOYGAN COUNTY CHAMBER OF COMMERCE INC 621 S 8TH STREET SHEBOYGAN WI 53081 390610430 501(C)(6) 7900 0 SPONSORSHIP 0 1 PART I, LINE 2: THE ORGANIZATION WORKS CLOSELY WITH THE ORGANIZATIONS IT SELECTS TO GIVE TO AND MONITORS THE USE OF THOSE FUNDS. X X 0 1 0 KIMBERLY ROONEY CHIEF EXECUTIVE OFFICER 289491 0 51207 0 1766 0 50964 0 26020 0 419448 0 0 0 ASHLEY VANDERMAUSE CHIEF FINANCIAL OFFICER 185709 0 33074 0 465 0 35196 0 1217 0 255661 0 0 0 TAMMY PELLETIER CHIEF OPERATIONS OFFICER 165277 0 30040 0 1130 0 31908 0 21560 0 249915 0 0 0 AMY SONNEMANN CHIEF LENDING OFFICER 148907 0 29370 0 5281 0 29551 0 24802 0 237911 0 0 0 LAURA FIELDING CHIEF HR OFFICER 145848 0 26263 0 495 0 27566 0 952 0 201124 0 0 0 ERIC KUMMER TECHNOLOGY SERVICES DIRECT 149739 0 15765 0 163 0 26511 0 918 0 193096 0 0 0 JASON MUENCH FINANCIAL PLANNER 26767 0 105012 0 7382 0 7497 0 13535 0 160193 0 0 0 PART I, LINE 3 THE FOLLOWING EMPLOYEES PARTICIPATE IN A 457(F) PLAN WITH THE CREDIT UNION AND DEFERRED THE FOLLOWING AMOUNTS TO THE PLAN WHICH IS INCLUDED IN SCH J PART II COLUMN C: KIMBERLY ROONEY $38,322 TAMMY PELLETIER $21,960 AMY SONNEMANN $21,205 LAURA FIELDING $18,960 ASHLEY VANDERMAUSE $24,225 ERIC KUMMER $18,236 THERE WERE NO PAYOUTS FROM THE 457(F) PLAN TO ANY OF THE PARTICIPATING EMPLOYEES DURING 2023. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS MADE UP OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A AN ANNUAL MEETING IS HELD WHERE MEMBERS VOTE AND ELECT THE BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B MERGERS, NAME CHANGES, AND CHARTER CHANGES MUST BE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND CFO REVIEW FORM 990 BEFORE PRESENTING THE RETURN TO THE BOARD OF DIRECTORS FOR APPROVAL AND FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS SELF-POLICED BY EMPLOYEES COMING FORWARD. IF A CONFLICT EXISTS, AND IF EMPLOYEES HAVE ANY INFLUENCE ON TRANSACTIONS INVOLVING PURCHASES, CONTRACTS, OR LEASES, IT IS IMPERATIVE THAT THEY DISCLOSE TO AN OFFICER OF UNITEDONE AS SOON AS POSSIBLE, THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST SO THAT SAFEGUARDS CAN BE ESTABLISHED TO PROTECT ALL PARTIES. FORM 990, PART VI, SECTION B, LINE 15 EACH EMPLOYEE IS EVALUATED ANNUALLY, SALARIES ARE INCREASED BASED ON THEIR INDIVIDUAL PERFORMANCE, PLACEMENT ON THEIR PAY GRADE, AND LENGTH OF SERVICE IN THEIR CURRENT POSITION. PAY GRADES ARE DETERMINED USING THE SALARY AND SURVEY INFORMATION FROM BALANCEDCOMP. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CECL ONE-TIME ADJUSTMENT TO UNDIVIDED EARNINGS -655,896.