2024-11-06T13:54:53-07:00 2023-12-31 990 2023-01-01 390803157 Glacier Hills Credit Union GLAC 2623381888 2150 S Main Street West Bend WI 53095 Tami Winkler President/CEO 2624381118 2024-11-06 1 2023 2024-10-15 13:58:12Z Bradley Bartels 2150 S Main Street West Bend WI 53095 11626043 0 X www.glacierhills.com X 1934 WI A cooperative, not-for-profit corporation, incorpated under Wisconsin State Law to encourge thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions. 7 7 65 7 0 0 0 0 8540606 9760949 730988 1848335 745 0 9272339 11609284 0 0 0 0 3284926 3514674 0 0 0 4062083 5941578 7347009 9456252 1925330 2153032 219587920 236476324 198274752 212984521 21313168 23491803 A cooperative, not-for-profit corporation, incorporated under Wisconsin State Law to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions. 0 0 Provided low cost financial services to 17,312 members 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 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 5425 0 1 65 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X Bradley Bartels Glacier Hills Credit Union 2624381117 2150 S Main Street West Bend WI 53095 Tami Winkler President 40 0 X 180094 0 25874 Travis Livingood Vice President of Marketing 40 0 X 119213 0 32213 Eric Schmoldt former CFO 40 0 X 117167 0 5868 Kevin Hegel DIRECTOR OF INFORMATION TECHNOLOGY 40 0 X 104765 0 15779 Chris Trost Director of Lending 40 0 X 108990 0 5467 Karen Wilson Chairperson 1 0 X X 0 0 350 Ken Schuh Vice Chairperson 1 0 X X 0 0 350 Stan Miske Treasurer 1.0 0 X X 0 0 350 Marilynn Orlopp Secretary 1 0 X X 0 0 350 Jeff Frank Board Member 1 0 X X 0 0 350 Allison Holtzer Board Member 1 0 X X 0 0 350 Joy Sterr Board Member 1 0 X X 0 0 350 Bradley Bartels CFO 40.00 0 X 0 0 0 630229 0 87651 5 1 1 0 FISERV INC P O BOX 934057 ALANTA GA 31193 CORE PROCESSOR 1249125 KRUEGER COMMUNICATIONS INC 12515 KNOLL ROAD ELM GROVE WI 53122 COMPUTER SERVICE 198185 2 0 INTERSET ON LOANS 522292 6987482 6987482 0 0 FEE INCOME 522130 876682 876682 0 0 OTHER OPERATING INCOME 522130 1896785 1896785 0 0 0 0 0 0 9760949 1865094 1865094 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16759 0 -16759 -16759 -16759 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11609284 11609284 0 0 717880 2000530 67893 525508 202863 54229 35083 3510 268567 247741 712635 221380 7115 43506 2297153 409311 30384 Professional Expense 1091387 Provision for loan losses 370615 Loan Service Expense 89090 59872 9456252 0 0 0 2316536 1757858 6544413 9161925 0 0 540204 554340 165154 177157 0 0 155709704 165616932 0 0 192251 157626 7947211 3756643 4136845 4190568 2397080 2020315 45760854 50990354 0 0 0 0 1824879 1849249 219587920 236476324 2630351 4127328 0 0 0 0 0 0 0 0 0 0 0 0 0 0 195644401 208857193 198274752 212984521 X 0 0 0 0 21313168 23491803 21313168 23491803 219587920 236476324 X 2153032 53072 0 0 0 -27469 X 1 X 1 X 1 0 0 831046 831046 0 4970961 2250609 2720352 0 0 0 0 0 2145204 1506034 639170 0 0 0 0 4190568 CORPORATE CENTRAL MEMBERSHIP SHARES PCC 356954 C CASH ON DEPOSIT IN FINANCIAL INSTITUTIONS 50379000 F FEDERAL HOME LOAN BANK STOCK 254400 C 50990354 0 MEMBER DEPOSITS 208857193 208857193 0 0 0 Tami Winkler President 164164 0 15930 0 0 0 9355 0 16520 0 205969 0 0 0 Eric Schmoldt former CFO 113667 0 3500 0 0 0 5868 0 0 0 123035 0 0 0 TAMI WINKLER CEO/PRESIDENT AUTO LOAN X 52000 22628 0 1 1 TAMI WINKLER CEO/PRESIDENT HELOC X 30000 26684 0 1 1 TAMI WINKLER CEO/PRESIDENT CREDIT CARD X 25000 9868 0 1 1 CHRIS TROST DIRECTOR OF LENDING HELOC X 14332 13955 0 1 1 CHRIS TROST DIRECTOR OF LENDING LOC X 10000 2800 0 1 1 CHRIS TROST DIRECTOR OF LENDING AUTO LOAN X 25000 5224 0 1 1 CHRIS TROST DIRECTOR OF LENDING AUTO LOAN X 28433 28433 0 1 1 ERIC SCHMOLDT PREVIOUS CFO AUTO LOAN X 42229 32102 0 1 1 ERIC SCHMOLDT PREVIOUS CFO PERSONAL LOAN X 15000 9312 0 1 1 KEVIN HEGEL DIRECTOR OF INFORMATION TECHNOLOGY LOC X 10000 3153 0 1 1 KEVIN HEGEL DIRECTOR OF INFORMATION TECHNOLOGY AUTO LOAN X 24245 22998 0 1 1 177157 Form 990, Part VI, Section A, Line 6 The credit union has 17,312 members. Form 990, Part VI, Section A, Line 7a The members elect the board of directors. Form 990, Part VI, Section A, Line 7b An annual meeting of the membership is held to discuss concerns with the board of directors. Form 990, Part VI, Section B, Line 11b The form is distributed to the board of directors. The form is reviewed and compared to the previously filed reports for accuracy and consistency by the CFO. Form 990, Part VI, Section B, Line 12c The employees and directors annually sign an "Oath of Office" statement which covers conflicts of interest. All conflicts of interest are required to be documented and subsequently reviewed for improprieties. The ongoing internal audit process reviews for such conflicts. Form 990, Part VI, Section B, Line 15 The Wisconsin Credit Union League, our trade organization, publishes a salary survey of various positions' salary ranges. This document is referenced for the rate of pay for all positions within the credit union. Form 990, Part VI, Section C, Line 19 The financial statements, 5300 reports, are public information and available through the NCUA website. other statement would need to be requested at the main office of the credit union. Form 990, Part XI, Line 9 Upon adoption of CECL, a System institution will record a one-time adjustment to its credit loss allowance as of the beginning of its fiscal year of adoption equal to the difference between the amount of credit loss allowance required under the incurred loss methodology and amount of the credit loss allowance required under CECL.