2024-10-22T09:50:00-05:00 2023-12-31 390912608 HAWKINS ASH CPAS LLP 520 N BROADWAY SUITE 250 GREEN BAY WI 54303 990 2023-01-01 390394240 CAPITAL CREDIT UNION CAPI 9204942828 825 MORRIS AVE GREEN BAY WI 543044525 LISA HUGUET CFO 9204944541 2024-10-18 1 0 JEFFREY DANEN CPA P01236582 9203369850 2024-10-18 2023 2024-10-15 13:58:12Z LAURIE BUTZ 825 MORRIS AVE GREEN BAY WI 543044525 132375680 0 X WWW.CAPITALCU.COM X 1934 WI CAPITAL CREDIT UNION IS A FULL SERVICE FINANCIAL INSTITUTION THAT OFFERS OUR MEMBERS MULTIPLE LOAN PRODUCTS AS WELL AS SHARE, SHARE DRAFT, CD AND IRA PRODUCTS. IN ADDITION, CAPITAL SERVES MEMBERS BY OFFERING AUTOMATED TELLER MACHINES, DIRECT DEPOSIT, CALL 24 ONLINE BANKING, DEBIT AND CREDIT CARDS, GIFT CARDS, SAFE DEPOSIT BOXES, E-STATEMENTS, BILL PAY AND MANY OTHER SERVICES. CAPITAL SERVES OVER 118,000 MEMBERS IN 12 NORTHEAST WISCONSIN COUNTIES: BROWN, CALUMET, DOOR, KEWAUNEE, MANITOWOC, MARINETTE, MENOMINEE, OCONTO, OUTAGAMIE, SHAWANO, WAUPACA, AND WINNEBAGO AND EMPLOYEES OF GOODWILL INDUSTRIES OF NORTH CENTRAL WI INC. 9 9 584 9 317411 0 0 0 85035131 107348989 11713483 24764624 19728 124385 96768342 132237998 481724 508364 0 0 28595751 31496428 0 0 0 42242439 78973027 71319914 110977819 25448428 21260179 2319322053 2428442866 2059825291 2152132252 259496762 276310614 X A NONPROFIT MEMBER-OWNED THRIFT INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS. CAPITAL CREDIT UNION IS A FULL SERVICE FINANCIAL INSTITUTION THAT OFFERS OUR MEMBERS MULTIPLE LOAN PRODUCTS AS WELL AS SHARE, SHARE DRAFT, CD AND IRA PRODUCTS. IN ADDITION, CAPITAL SERVES MEMBERS BY OFFERING AUTOMATED TELLER MACHINES, DIRECT DEPOSIT, CALL 24 ONLINE BANKING, DEBIT AND CREDIT CARDS, GIFT CARDS, SAFE DEPOSIT BOXES, E-STATEMENTS, BILL PAY AND MANY OTHER SERVICES. CAPITAL SERVES OVER 118,000 MEMBERS IN 12 NORTHEAST WISCONSIN COUNTIES: BROWN, CALUMET, DOOR, KEWAUNEE, MANITOWOC, MARINETTE, MENOMINE, OCONTO, OUTAGAMIE, SHAWANO, WAUPACA, AND WINNEBAGO AND EMPLOYEES OF GOODWILL INDUSTRIES OF NORTH CENTRAL WI INC. 0 0 CAPITAL CREDIT UNION PROVIDES A FULL MENU OF LOAN PRODUCTS TO ITS 118,339 MEMBERS, BOTH CONSUMER LOANS AND MORTGAGES. WITH A HIGH-RATE CHECKING ACCOUNT AND MONEY MARKET RATES THAT WERE AT THE TOP OF THE MARKET, WE WERE ABLE TO PROVIDE MEMBERS WITH INSURED, LIQUID ALTERNATIVES FOR THEIR DEPOSIT NEEDS. CAPITAL DONATED IN EXCESS OF $505,000 TO VARIOUS LOCAL CHARITIES THROUGHOUT THE YEAR THROUGH OUR ELEVATE COMMUNITIES PROGRAM. CAPITAL CONTINUES TO SUPPORT LOCAL HOMELESS SHELTERS, MENTAL HEALTH INITIATIVES, AND MANY COMMUNITY EVENTS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 107151 0 1 584 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X LISA HUGUET 9204944541 825 MORRIS AVENUE GREEN BAY WI 54304 COLLEEN VANZEELAND DIRECTOR 1.50 X 1600 0 0 HEATHER KARCZ DIRECTOR 1.50 X 863 0 0 JOHN CARRIER DIRECTOR 1.50 X 1500 0 0 KEITH LUCIUS SECRETARY 1.50 X X 0 0 0 MELANIE HAEN CHAIR 3.50 X X 2455 0 0 NANCY RIETVELD DIRECTOR 1.50 X 805 0 0 PAUL PATTERSON DIRECTOR 1.50 X 1500 0 0 RANDALL SANDERS TREASURER 1.50 X X 0 0 0 STEVEN FRASSETTO VICE CHAIR 3.50 X X 667 0 0 LAURIE BUTZ PRESIDENT 40.00 X 545601 0 49969 LISA HUGUET CFO 40.00 X 214708 0 54376 DAVID ENGLEBERT CHIEF COMMERCIAL OFFICER 40.00 X 209519 0 35370 JONATHAN PROBST CHIEF LENDING OFFICER 40.00 X 169200 0 44368 MICHAEL MILLHOUSE VP - CHIEF INFORMATION OFFICER 40.00 X 213977 0 35846 PATTI BANI CHIEF CULTURE OFFICER 40.00 X 166780 0 26936 STEPHEN ZICH CHIEF MARKETING OFFICER 40.00 X 178723 0 38854 BRIAN ELMER INV & INS PROGRAM MANAGER 40.00 X 159613 0 37722 CALEB DAHL VP - ITS OPERATIONS 40.00 X 118142 0 45900 DANIELLE KROENING SVP - MEMBER SERVICES 40.00 X 149431 0 34104 JON PAZDERA DIRECTOR OF INFRASTRUCTURE SERVICES 40.00 X 127437 0 48916 WENDY WOHR SVP - MEMBER RELATIONS 40.00 X 186625 0 41125 2449146 0 493486 18 0 1 0 FISERV PO BOX 934057 ATLANTA GA 311934057 CORE PROCESSOR 5959313 VISA USA INC PO BOX 742233 LOS ANGELES CA 900742233 DEBT CARD PROCESSING 1442963 MICHAEL WALTERS ADVERTISING INC 444 N WABASH AVE STE 4W CHICAGO IL 60611 ADVERTISING AGENCY 1397492 DIGITAL MARK GROUP LLC 17933 NW EVERGREEN PL 360 BEAVERTON OR 97006 ADVERTISING 453044 JOHN PETITJEAN 125 S JEFFERSON ST STE 101 GREEN BAY WI 54301 LEGAL FEES 427844 26 INTEREST ON LOANS 522100 85602847 85602847 INTERCHANGE INCOME 522100 8548484 8548484 FEE INCOME 522100 8046090 8020536 25554 INSURANCE INCOME 522100 3279639 2987782 291857 OTHER OPERATING INCOME 522100 1640886 1640886 231043 231043 107348989 24534236 24534236 124385 0 124385 124385 124385 263375 104695 0 137682 263375 -32987 230388 230388 132237998 107261966 317411 24658621 508364 1707898 22997458 1395902 3499560 1895610 210534 30292 1098679 2999308 7110151 2030861 206800 350563 16693972 1932874 210720 DIVIDENDS ON SHARES 29173340 CREDIT LOSS EXPENSE 7342824 PROCESSING 5667568 LOAN SERVICING 2104616 1809925 110977819 178018843 141696899 30046000 47031000 19630986 19520567 1882426980 2000484115 1626598 2457881 54900799 30600298 23180449 24300501 110196506 116708211 25082953 25771319 10368910 10304357 38743828 40168016 2319322053 2428442866 31169192 39090634 141 0 2071738 2107892 101000000 145000000 1925584220 1965933726 2059825291 2152132252 X 0 0 11350466 11350466 248146296 264960148 259496762 276310614 2319322053 2428442866 X 21260179 2177045 -6623372 X X 0 1 X 1 0 0 1 X 9318058 9318058 28290151 15268098 13022053 9495441 8009548 1485893 7797149 7322652 474497 24300501 SHARES 1965933726 1965933726 X 132237998 0 132237998 0 132237998 110977819 0 110977819 0 110977819 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS ASSOCIATED WITH REAL ESTATE MORTGAGES (PROPERTY TAXES AND INSURANCE) ON BEHALF OF ITS MEMBERS. PART X, LINE 2: GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CREDIT UNION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE CREDIT UNION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CREDIT UNION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CREDIT UNION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE CREDIT UNION WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. 1 APPLETON FIRE DEPARTMENT 700 N DREW ST APPLETON WI 54911 396005381 170(C)(1) 12967 0 GENERAL SUPPORT ASHWAUBENON DEPARTMENT OF PUBLIC SAFETY 2155 HOLMGREN WAY GREEN BAY WI 54304 396031398 170(C)(1) 11115 0 GENERAL SUPPORT CEREBRAL PALSY 2801 S WEBSTER AVE GREEN BAY WI 54301 390901265 501(C)(3) 6360 0 GENERAL SUPPORT CROOKED LAKE VOLUNTEER FIRE DEPARTMENT INC 15445 CTY HWY W CRIVITZ WI 54114 391945002 501(C)(3) 7000 0 GENERAL SUPPORT EPHRAIM FIRE-RESCUE ASSOCIATION INC PO BOX 105 EPHRAIM WI 54211 464194489 170(B)(1) 8786 0 GENERAL SUPPORT FOUNDATIONS HEALTH & WHOLENESS 1061 W MASON ST GREEN BAY WI 54303 391047205 501(C)(3) 24970 0 GENERAL SUPPORT GRAND CHUTE FIRE DEPARTMENT 2250 W GRAND CHUTE BLVD GRAND CHUTE WI 54913 396005918 170(C)(1) 10455 0 GENERAL SUPPORT GREATER GREEN BAY CHAMBER OF COMMERCE INC 300 N BROADWAY STE 3A GREEN BAY WI 54303 390318170 501(C)(6) 6666 0 GENERAL SUPPORT GREEN BAY POLICE DEPARTMENT 307 S ADAMS ST GREEN BAY WI 54301 396005458 170(C)(1) 12000 0 GENERAL SUPPORT HAPPILY EVER AFTER ANIMAL SANCTUARY 2255 FOX HEIGHTS LANE GREEN BAY WI 54304 204031006 501(C)(3) 5020 0 GENERAL SUPPORT LITTLE CHUTE FIRE DEPARTMENT 108 W MAIN ST LITTLE CHUTE WI 54140 396006304 170(C)(1) 15909 0 GENERAL SUPPORT OCONTO FALLS POLICE DEPARTMENT 500 N CHESTNUT AVE OCONTO FALLS WI 54154 396005559 170(C)(1) 6082 0 GENERAL SUPPORT SPECIAL SPACES INC 448 N CEDAR BLUFF RD 350 KNOXVILLE TN 37923 421641574 501(C)(3) 5940 0 GENERAL SUPPORT SUAMICO FIREFIGHTERS VOLUNTEER ASSOCIATION INC 2706 LINEVILLE ROAD GREEN BAY WI 54313 271577627 501(C)(3) 9963 0 GENERAL SUPPORT PART I, LINE 2: NONE - GRANTS AND ASSISTANCE ARE GENERALLY LIMITED TO KNOWN LOCAL ORGANIZATIONS. X X 1 1 X X X X X 0 1 0 LAURIE BUTZ PRESIDENT 436016 0 80284 0 29301 0 23100 0 26869 0 595570 0 0 0 LISA HUGUET CFO 181591 0 1295 0 31822 0 15168 0 39208 0 269084 0 0 0 MICHAEL MILLHOUSE VP - CHIEF INFORMATION OFFICER 182619 0 18267 0 13091 0 11203 0 24643 0 249823 0 0 0 DAVID ENGLEBERT CHIEF COMMERCIAL OFFICER 160690 0 17575 0 31254 0 9655 0 25715 0 244889 0 0 0 WENDY WOHR SVP - MEMBER RELATIONS 170719 0 1279 0 14627 0 13026 0 28099 0 227750 0 0 0 STEPHEN ZICH CHIEF MARKETING OFFICER 167380 0 617 0 10726 0 8204 0 30650 0 217577 0 0 0 JONATHAN PROBST CHIEF LENDING OFFICER 149962 0 1500 0 17738 0 11493 0 32875 0 213568 0 0 0 BRIAN ELMER INV & INS PROGRAM MANAGER 118031 0 35901 0 5681 0 5061 0 32661 0 197335 0 0 0 PATTI BANI CHIEF CULTURE OFFICER 148338 0 6283 0 12159 0 11296 0 15640 0 193716 0 0 0 DANIELLE KROENING SVP - MEMBER SERVICES 137028 0 1296 0 11107 0 10194 0 23910 0 183535 0 0 0 JON PAZDERA DIRECTOR OF INFRASTRUCTURE SERVICES 117901 0 9264 0 272 0 9844 0 39072 0 176353 0 0 0 CALEB DAHL VP - ITS OPERATIONS 115298 0 1289 0 1555 0 8949 0 36951 0 164042 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS NONQUALIFIED DEFERRED COMPENSATION AGREEMENTS WITH KEY EMPLOYEES. THE AGREEMENTS VARY AS SOME ALLOW THE CREDIT UNION TO MAKE CONTRIBUTIONS AT ITS DISCRETION WHILE OTHERS ALLOW FOR ONLY PARTICIPANT CONTRIBUTIONS. THE TOTAL BALANCE OF THESE ACCOUNTS IS APPROXIMATELY $788,000. THOMAS YOUNG PRESIDENT (FORMER) SPLIT DOLLAR LIFE INSURANCE X 6104265 5046931 0 1 1 KAREN CAREW EXECUTIVE VICE PRESIDENT (FORMER) SPLIT DOLLAR LIFE INSURANCE X 2248845 1925014 0 1 1 LAURIE BUTZ PRESIDENT SPLIT DOLLAR LIFE INSURANCE X 12719274 12548622 0 1 1 19520567 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE INDIVIDUALS LIVING OR WORKING IN THE COUNTIES OF BROWN, CALUMET, DOOR, KEWAUNEE, MANITOWOC, MARINETTE, MENOMINEE, OCONTO, OUTAGAMIE, SHAWANO, WAUPACA, AND WINNEBAGO, AND EMPLOYEES OF GOODWILL INDUSTRIES OF NORTH CENTRAL WI INC. THAT HAVE DEPOSITS WITH THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A BOARD OF DIRECTORS IS ELECTED BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B REVIEWED BY THE PRESIDENT AND CFO PRIOR TO SUBMISSION WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT COVERS ALL EMPLOYEES AND BOARD OF DIRECTORS. THE DETERMINATION AND REVIEW OF PERCEIVED CONFLICT IS DONE AT THE MANAGEMENT TEAM LEVEL. UPON DETERMINATION OF A CONFLICT, THE PERSON INVOLVED IN SAID CONFLICT CANNOT PARTICIPATE IN DELIBERATIONS OR DECISIONS. STAFF AND OFFICERS ARE REQUIRED TO REVIEW THE POLICY MANUAL. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS OF DETERMINING PROPER COMPENSATION IS COMPLETED DURING THE BOARD OF DIRECTORS MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 POLICIES ARE AVAILABLE UPON REQUEST, SUMMARIZED FINANCIALS ARE POSTED IN THE BRANCHES. FORM 990, PART XI, LINE 9: ADJUSTMENT FOR IMPLEMENTATION OF ASC 326 -6,623,372. FORM 990, PART XII, LINE 2C EXPLANATION NO CHANGES FROM THE PRIOR YEAR. CAPITAL CREDIT UNION SERVICE CORP 825 MORRIS AVE GREEN BAY WI 54304 391852107 INSURANCE COMMISSIONS WI CAPITAL CREDIT UNION C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0