2024-09-24T15:13:29-05:00 2023-12-31 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2023-01-01 390851648 FORT COMMUNITY CREDIT UNION FORT 9205637305 PO BOX 160 FORT ATKINSON WI 53538 SUSAN JOHNSON CHIEF EXECUTIVE OFFICER 9205637305 2024-09-23 1 0 MICHAEL J PETERSON CPA P01833529 2187224705 2024-09-23 2023 2024-08-08 14:25:15Z SUSAN JOHNSON PO BOX 160 FORT ATKINSON WI 53538 17199279 0 X WWW.FORTCOMMUNITY.COM X 1940 WI THE PURPOSES OF THIS CREDIT UNION ARE: TO ENCOURAGE THRIFT AMONG ITS MEMBERS; TO CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST; TO PROVIDE AN OPPORTUNITY FOR EACH OF ITS MEMBERS TO IMPROVE THE MEMBER'S RESPECTIVE ECONOMIC AND SOCIAL CONDITIONS; AND TO PERFORM THE FUNCTIONS AND EXERCISE THE POWERS DESIGNATED FOR CREDIT UNIONS UNDER APPLICABLE LAW. 7 7 86 7 70667 0 0 11488 10939023 14522749 1088009 2565155 25171 58245 12052203 17157637 31907 7727 0 0 4714265 5091422 0 0 0 6520503 9727123 11266675 14826272 785528 2331365 346847400 361857773 309976026 321140833 36871374 40716940 TO HELP EVERY MEMBER BE IN A BETTER FINANCIAL POSITION THAN WHEN WE MET THEM. 0 0 WE FUNDED 4,450 LOANS DURING 2023. AS OF 12/31/2023 WE HAD $115,068,970 MORTGAGES/HOME EQUITY LINES, $104,308,678 CONSUMER LOANS, $15,894,362 MEMBER BUSINESS LOANS, AND $5,632,664 CREDIT CARD ACCOUNTS WITH OUR MEMBERS. WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 22,034 MEMBERS AT 12/31/2023. DURING 2023, OUR DEPOSITS INCREASED BY $2,598,242. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 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 1 11271 0 1 86 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JOSHUAH KLINE 9205637305 800 MADISON AVE FORT ATKINSON WI 53538 DIANNE BUTT CHAIR (THRU DECEMBER) 1.00 X 2400 0 0 ERNEST WITZKE VICE-CHAIR 1.00 X 1900 0 0 PHILLIP RISTOW TREASURER 1.00 X 2100 0 0 CRAIG NEVERMANN DIRECTOR 1.00 X 1200 0 0 MARGARET BARE DIRECTOR 1.00 X 1300 0 0 ROSALINDA MARTINEZ DIRECTOR 1.00 X 1400 0 0 COLLIN W STEVENS DIRECTOR 1.00 X 1300 0 0 SUSAN JOHNSON CHIEF EXECUTIVE OFFICER 40.00 X 284003 0 43912 MEGHAN BERNATH CHIEF OPERATING OFFICER 40.00 X 106166 0 25654 JEFFREY SCHEUERELL CHIEF EXPERIENCE OFFICER 40.00 X 96847 0 7367 JOSHUAH KLINE CHIEF FINANCIAL OFFICER 40.00 X 108791 0 34792 KEVIN PAYNTER CHIEF LENDING OFFICER 40.00 X 103921 0 38403 711328 0 150128 4 0 1 0 COMPUTERS NATIONWIDE LLC 120 N FRATERNITY LANE WHITEWATER WI 53190 IT MANAGED SERVICES 471101 FISERV PO BOX 934057 ATLANTA GA 31193 DEBIT CARD PROCESSING SERVICES 396641 PAYMENT SYSTEMS FOR CREDIT UNIONS INC 560 CLARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING SERVICES 325703 EDGE ONE 161 BUSINESS PARK CIRCLE STOUGHTON WI 53589 ITM AND ATM SOFTWARE AND MAINTENANCE 187784 BANKJOY BUSINESS 145 S LIVERNOIS RD SUITE ROCHESTER HILLS MI 48073 MOBILE APP SOFTWARE PROVIDER 179114 5 11488 11488 INTEREST ON LOANS 522100 11454392 11454392 INTERCHANGE DEBIT CARD INCOME 522100 1550737 1550737 FEE INCOME 522100 1218888 1218888 INSURANCE SALES 524298 248265 228065 20200 NONMEMBER ATM FEES 522100 50467 50467 14522749 2419818 2419818 98737 40492 58245 58245 58245 146487 0 1150 146487 -1150 145337 145337 17157637 14452082 70667 2623400 7727 861455 3426805 238546 313418 251198 6085 33053 1000403 414291 362338 1156261 301283 35835 1013 1048130 760839 DIVIDENDS ON MEMBER SHA 2757609 LOAN & CLOSING COSTS 610985 BAD DEBT EXPENSE 534995 CREDIT CARD FEES 492122 211881 14826272 1530859 529625 15678995 27644318 937029 1123658 1193758 1206342 220514352 238146343 2376995 1834170 14627734 5601392 9738049 9026342 74505451 64015198 10275734 8042931 10096178 10288846 346847400 361857773 4324215 4389937 140571 189007 15500000 24000000 290011240 292561889 309976026 321140833 X 0 0 0 0 36871374 40716940 36871374 40716940 346847400 361857773 X 2331365 2165726 -651525 X 0 0 0 0 1 X 801900 801900 10822219 3432604 7389615 2963615 2168788 794827 40000 40000 9026342 MEMBER SHARES & DEPOSITS 292561889 292561889 PART IV, LINE 2B: THE ORGANIZATION INCLUDES AN ESCROW ACCOUNT LIABILITY ON CERTAIN FORCE-PLACED INSURANCE AND REAL ESTATE TAXES ON CERTAIN MORTGAGE LOANS. X X X 0 1 0 SUSAN JOHNSON CHIEF EXECUTIVE OFFICER 254747 0 29256 0 0 0 19715 0 24197 0 327915 0 0 0 PART I, LINE 4B THE CHIEF EXECUTIVE OFFICER PARTICIPATES IN A 457(F) PLAN. THERE HAVE BEEN NO CONTRIBUTIONS TO THIS PLAN BY FORT COMMUNITY CREDIT UNION SINCE 2013. SUSAN JOHNSON CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE INSURANCE X 527000 588448 0 1 1 RICHARD AUSTIN CHIEF FINANCIAL OFFICER SPLIT DOLLAR LIFE INSURANCE X 480000 617894 0 1 1 1206342 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION CONSISTS OF A SINGLE CLASS OF MEMBER. TO BE A MEMBER, ONE MUST HAVE A SHARE/SAVINGS ACCOUNT. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE TO ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER HAS ONE VOTE TO UTILIZE IN RATIFYING SIGNIFICANT DECISIONS BEYOND THE AUTHORITY OF THE BOARD AS OUTLINED IN THE ORGANIZATION'S BYLAWS. ANY DECISION TO DISSOLVE OR MERGE THE ORGANIZATION REQUIRES APPROVAL OF MEMBERSHIP. UNLESS MANDATED BY REGULATORY AGENCY (I.E. NCUA, WISCONSIN OFFICE OF CREDIT UNIONS). FORM 990, PART VI, SECTION B, LINE 11B THE CFO AND BOARD OF DIRECTORS REVIEW THE FORM 990 AT THE NEXT BOARD MEETING BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY STATEMENT ON AN ANNUAL BASIS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE REPORTED CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BODY DELEGATED POWERS. AFTER DISCLOSURE OF THE INTEREST AND ALL MATERIAL FACTS. THE INTERESTED PERSON SHALL LEAVE THE GOVERNING BODY OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON BY THE REMAINING DIRECTORS OR COMMITTEE MEMBERS. THE GOVERNING BODY OR DESIGNATED COMMITTEE CONDUCTS PERIODIC REVIEWS TO ENSURE THAT THE ORGANIZATION DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVE THE CHIEF EXECUTIVE OFFICER'S SALARY. THE CHIEF EXECUTIVE OFFICER APPROVES ALL OTHER OFFICERS OR KEY EMPLOYEE SALARIES USING THE BOARD APPROVED SALARY BUDGET. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED ON THE CREDIT UNION WEBSITE AND AVAILABLE IN THE MAIN AND BRANCH OFFICE LOBBIES. ALL OTHER GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNDIVIDED EARNINGS ADJUSTMENT - ADOPTION OF ASC TOPIC 326 -460,728. OTHER CHANGE IN NET ASSETS -190,797.