2025-04-24T10:47:45-05:00 2024-12-31 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2024-01-01 390126914 UNITEDONE CREDIT UNION UNIT 9206840361 1117 SOUTH 10TH STREET MANITOWOC WI 54220 KIMBERLY ROONEY CHIEF EXECUTIVE OFFICER 9206840361 2025-04-23 1 0 MICHAEL J PETERSON CPA P01833529 2187224705 2025-04-23 2024 2025-03-06 01:10:19Z KIMBERLY ROONEY 1117 SOUTH 10TH STREET MANITOWOC WI 54220 19465351 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 9 117 10 66918 0 0 0 15197908 17935545 1552632 1355542 112048 170432 16862588 19461519 64466 73177 0 0 7401381 8023991 0 0 0 7634396 8825953 15100243 16923121 1762345 2538398 303119099 307338971 271243268 272771947 31875831 34567024 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 TO ASSIST YOUTH WITH FINANCIAL LITERACY, UNITEDONE CREDIT UNION ALSO HAS 8 SCHOOL OFFICES. MEMBERS ARE PROVIDED WITH A FULL RANGE OF PRODUCTS AND SERVICES INCLUDING CHECKING, SAVINGS, LOANS AND INVESTMENT AND BUSINESS SERVICES. 1 0 IN 2024, WE HAD PRODUCED A TOTAL OF $86,271,676 IN CONSUMER, BUSINESS, MORTGAGE, AND SECONDARY MARKET LOAN VOLUMES - THIS INCLUDES LOANS SOLD INTO THE SECONDARY MARKET OF $8,686,254. WE HAD NET LOAN GROWTH OF $10,086,049 IN CONSUMER, BUSINESS, AND MORTGAGE LOANS. THERE WERE 43,472 DEPOSIT ACCOUNTS. THE NUMBER OF MEMBERS AT YEAR END WERE 19,217 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 AN SBA LOAN PROGRAM TO HELP PROVIDE AS MANY FUNDING OPTIONS AS POSSIBLE TO OUR SMALL BUSINESS MEMBERS. THE SBA GUARANTEE ALLOWS UNITEDONE TO ORIGINATE LOANS WITH MORE FAVORABLE TERMS TO QUALIFIED MEMBERS THAN ARE AVAILABLE WITHOUT THE SBA GUARANTEE. 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 5921 0 1 117 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 SHERRY REZBA CHAIRPERSON 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 JOHN SCHULTZ 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 344253 0 87656 ASHLEY VANDERMAUSE CHIEF FINANCIAL OFFICER 50.00 X 210974 0 56535 TAMMY PELLETIER CHIEF OPERATIONS OFFICER 50.00 X 194203 0 58309 AMY SONNEMANN CHIEF LENDING OFFICER 50.00 X 176956 0 59533 LAURA FIELDING CHIEF HR OFFICER 50.00 X 172489 0 29083 ERIC KUMMER CHIEF TECHNOLOGY OFFICER 50.00 X 159738 0 49967 JASON MUENCH FINANCIAL ADVISOR 50.00 X 183685 0 25818 1442298 0 366901 15 0 1 0 EDGE ONE 161 BUSINESS PARK CIRCLE STOUGHTON WI 53589 HARDWARE & SOFTWARE MAINTENANCE 650322 IT GROUP LLC 30230 ORCHARD LAKE RD STE 260 FARMINGTON HILLS MI 48334 IT CONSULTING/CORE SERVICER 566475 THINK STACK PO BOX 791585 BALTIMORE MD 21279 IT SERVICE PROVIDER 474357 KASA LTD PO BOX 527 LUBBOCK TX 79408 REWARDS CHECKING 314105 VISA INC ONE MARKET PLAZA SAN FRANCISCO CA 94105 DEBIT CARD SERVICES 134411 8 INTEREST ON LOANS 522291 12802192 12802192 CREDIT AND DEBIT CARD INCOME 522100 2400341 2375023 25318 FEE INCOME 522100 1136055 1136055 INSURANCE INCOME 524298 829524 787924 41600 LOAN INCOME 522291 427135 427135 340298 340298 17935545 1358401 1358401 973 3832 -2859 -2859 -2859 BAD DEBT RECOVERIES 900099 105638 105638 64794 64794 170432 19461519 17868627 66918 1525974 71177 2000 633413 5609562 242078 1083036 455902 3321 76205 434590 319074 846105 1465241 412220 15561 125712 2 669182 119796 DIVIDENDS PAID ON MEMBE 2760952 ATM & CREDIT CARD FEES 796218 LOAN & PROCESSING FEES 617171 DUES & MEMBERSHIPS 109993 54610 16923121 5965060 6846922 13833966 10456579 643457 742024 243429274 253774078 924582 855615 11823627 7732430 4041721 4091197 18964052 16438095 4191204 2748841 11125783 11385620 303119099 307338971 4911018 4642582 86281 9000 266245969 268120365 271243268 272771947 X 0 0 0 0 31875831 34567024 31875831 34567024 303119099 307338971 2538398 152795 0 X 0 0 0 0 1 X 717998 717998 6471790 4891690 1580100 3393762 2286609 1107153 1240077 554131 685946 4091197 SHARES & DRAFTS 268120365 268120365 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) 8550 0 SPONSORSHIP UNITED WAY OF SHEBOYGAN COUNTY INC 2020 ERIE AVENUE SHEBOYGAN WI 53081 390808471 501(C)(3) 5120 0 PROGRAM SUPPORT; DAY OF CARING 1 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 306945 0 35724 0 1584 0 53657 0 33999 0 431909 0 0 0 ASHLEY VANDERMAUSE CHIEF FINANCIAL OFFICER 188103 0 22711 0 160 0 36248 0 20287 0 267509 0 0 0 TAMMY PELLETIER CHIEF OPERATIONS OFFICER 173075 0 20621 0 507 0 33001 0 25308 0 252512 0 0 0 AMY SONNEMANN CHIEF LENDING OFFICER 156814 0 19924 0 218 0 30456 0 29077 0 236489 0 0 0 ERIC KUMMER CHIEF TECHNOLOGY OFFICER 142328 0 17234 0 176 0 27482 0 22485 0 209705 0 0 0 JASON MUENCH FINANCIAL ADVISOR 36272 0 147413 0 0 0 9809 0 16009 0 209503 0 0 0 LAURA FIELDING CHIEF HR OFFICER 153926 0 17905 0 658 0 28570 0 513 0 201572 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 $40,654 TAMMY PELLETIER $23,081 AMY SONNEMANN $22,191 LAURA FIELDING $19,978 ASHLEY VANDERMAUSE $25,351 ERIC KUMMER $19,214 THERE WERE NO PAYOUTS FROM THE 457(F) PLAN TO ANY OF THE PARTICIPATING EMPLOYEES DURING 2024. FORM 990, PART III, LINE 2 IN 2024 WE STARTED TO OFFER SBA LOANS TO HELP PROVIDE MORE SECURE FUNDING OPTIONS FOR OUR SMALL BUSINESS MEMBERS. 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.