2024-11-15T11:27:56-06:00 2023-12-31 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2023-01-01 390974444 PCM CREDIT UNION PCMC 9204992831 601 WILLARD DRIVE GREEN BAY WI 54304 SHELLY MELLENBERGER PRESIDENT/CEO 9204992831 2024-11-15 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2024-11-14 2023 2024-10-15 13:58:12Z SHELLY MELLENBERGER 601 WILLARD DRIVE GREEN BAY WI 54304 21878404 0 X WWW.PCMCU.ORG X 1958 WI PCM CREDIT UNION IS A STRONG FINANCIAL COOPERATIVE THAT GOES ABOVE AND BEYOND PROVIDING MEMBER-OWNERS BENEFITS AND ADVANTAGES OVER OTHER FINANCIAL INSTITUTIONS. 7 7 59 8 78768 2341 0 21242 12615879 14999285 1374177 3888959 4800 12089 13994856 18921575 13250 98656 0 0 4406369 4261380 0 0 0 6517193 13560546 10936812 17920582 3058044 1000993 393134166 450113411 352518355 407445244 40615811 42668167 X PCM CREDIT UNION IS A STRONG FINANCIAL COOPERATIVE THAT GOES ABOVE AND BEYOND PROVIDING MEMBER-OWNERS BENEFITS AND ADVANTAGES OVER OTHER FINANCIAL INSTITUTIONS. 0 1 WE FUNDED 2,854 LOANS DURING 2023. WE HAD 2,274 MORTGAGES/HOME EQUITY LINES, 5,165 CONSUMER LOANS. WE ALSO HAD 4,487 CREDIT CARDS ACCOUNTS WITH OUR MEMBERS AT 12/31. WE HAVE DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS WITH 14,446 MEMBERS AT 12/31/23. DURING 2023, WE OPENED 5,920 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 10138 0 1 59 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X SHELLY MELLENBERGER 9204992831 PO BOX 28500 GREEN BAY WI 54324 DAVE MURRAY CHAIRPERSON 1.00 X 1351 0 0 JEFF BURICH VICE CHAIRPERSON 1.00 X 0 0 0 MARLIS KLIMEK VICE CHAIRPERSON (THRU MARCH 2023) 1.00 X 0 0 0 ROBERT HATSZEGI TREASURER 1.00 X 1849 0 0 DEB BARLAMENT DIRECTOR 1.00 X 0 0 0 PHILLIP GIESE DIRECTOR 1.00 X 0 0 0 KAREN SYLVESTER DIRECTOR 1.00 X 0 0 0 JIM ZITTLOW DIRECTOR 1.00 X 0 0 0 SHELLY MELLENBERGER PRESIDENT 40.00 X 227326 0 26128 DANNY L WOLLIN PRESIDENT (THRU APRIL 2023) 40.00 X 242704 0 34728 SAMANTHA ISTED VICE PRESIDENT OF FINANCE 40.00 X 113112 0 19776 JOSEPH WOLLIN VICE PRESIDENT LENDING 40.00 X 125385 0 29967 LESLEY ENZ SENIOR DIRECTOR OF MARKETING 40.00 X 107234 0 19601 CHRISTINA CONNELL VICE PRESIDENT OF HUMAN RESOURCES 40.00 X 108642 0 16894 GEORGE ROSENDAUL IT DIRECTOR 40.00 X 101119 0 14067 1028722 0 161161 7 0 1 0 FISERV 600 N VEL R PHILLIPS AVE MILWAUKEE WI 53203 CORE DATA PROCESSING; DEBIT AND CREDIT C 1152196 1 21242 21242 INTEREST ON LOANS 522100 12368480 12368480 INTERCHANGE INCOME 522100 1371594 1371594 INSURANCE/WARRANTY SALES 522100 772871 694103 78768 FEE INCOME 522100 478551 478551 7789 7789 14999285 3848958 3848958 4800 0 4800 4800 4800 2829287 140362 2784494 145154 44793 -4792 40001 40001 26240 21242 27181 -941 -941 8230 0 8230 8230 18921575 14920517 78768 3901048 95656 3000 666974 2601491 158719 583158 251038 33978 119256 55202 228021 476140 229145 16421 129367 1774966 251095 70525 DIVIDENDS ON MEMBER SHA 7715342 LOAN SERVICING EXPENSE 1079266 DEBIT CARD EXPENSE 565448 PROVISION FOR LOAN LOSS 375406 440968 17920582 1131089 2769556 19248375 9564217 128312 1016707 296365214 319980701 320204 280442 8810937 2898596 6100065 5912341 54764513 83504573 11663886 11873904 3412508 15210970 393134166 450113411 4910927 5970846 0 173323 27500000 54698127 320107428 346602948 352518355 407445244 X 0 0 5000000 5000000 35615811 37668167 40615811 42668167 393134166 450113411 X 1000993 1170642 -119279 X 0 0 0 0 1 X 866658 866658 6382252 1577610 4804642 1562027 1320986 241041 5912341 MEMBER SHARES AND DEPOSITS 346602948 346602948 18921575 0 18921575 0 18921575 17920582 0 17920582 0 17920582 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS FOR TAXES AND INSURANCE AS PART OF THEIR LOAN PROGRAM. GOLF OUTING 47482 21242 26240 17318 9188 47482 21242 26240 17318 9188 26506 -266 1 ASHWAUBENON YOUTH BASEBALL ORGANIZATION 1415 AVONDALE DR GREEN BAY WI 54313 911914641 501(C)(3) 50000 0 BASEBALL FIELD REBUILD CHILDREN'S HOSPITAL AND HEALTH SYSTEM INC PO BOX 1997 MILWAUKEE WI 53201 391500074 501(C)(3) 29206 0 PROGRAM SUPPORT 2 0 PART I, LINE 2: ALL GRANTS ARE APPROVED VIA A COMMITTEE CONSISTING OF MEMBERS OF THE LEADERSHIP TEAM. IN 2023, THE GRANT MADE TO THE ASHWAUBENON YOUTH BASEBALL ORGANIZATION WAS APPROVED BY BOTH LEADERSHIP AND THE BOARD OF DIRECTORS. PROGRESS ON THE PROJECT WAS MONITORED BY REACHING OUT TO THE GRANTEE REGULARLY. X 1 1 X X X 0 0 0 DANNY L WOLLIN PRESIDENT (THRU APRIL 2023) 206141 0 36563 0 0 0 18213 0 16515 0 277432 0 0 0 SHELLY MELLENBERGER PRESIDENT 209854 0 17472 0 0 0 16767 0 9361 0 253454 0 0 0 JOSEPH WOLLIN VICE PRESIDENT LENDING 115791 0 9594 0 0 0 9850 0 20117 0 155352 0 0 0 PART I, LINE 1A ALL BOARD MEMBERS ARE ELIGIBLE TO USE THE TRAVEL FOR COMPANIONS PROGRAM. IN YEARS OF USE, THE ORGANIZATION WILL ISSUE A 1099-NEC AND THE COMPENSATION IS CONSIDERED TAXABLE COMPENSATION. DURING 2023, THE FOLLOWING BOARD MEMBERS RECEIVED THE TRAVEL FOR COMPANIONS BENEFIT: - DAVE MURRAY $1,351 - ROBERT HATSZEGI $1,849 JOSEPH WOLLIN FAMILY MEMBER OF DANNY WOLLIN (PRESIDENT/CEO) 155352 EMPLOYMENT COMPENSATION 0 FORM 990, PART III, LINE 3 WE OPENED A NEW BRANCH LOCATION IN HOWARD, WI IN OCTOBER 2023. WE ALSO EXPANDED OUR CHARTER TO INCLUDE ANYONE WHO LIVES, WORKS OR IS PART OF A SELECT EMPLOYEE GROUP (SEG) IN THE COUNTIES OF BROWN, DOOR, KEWAUNEE, MARINETTE, OCONTO AND SHAWANO COUNTIES. FORM 990, PART VI, SECTION A, LINE 4 - THE CREDIT UNION TRANSITIONED FROM A SEG-BASED TO A COMMUNITY CHARTER. - INCREASED THE AREA OF MEMBERSHIP TO INCLUDE BROWN, DOOR, KEWAUNEE, MARINETTE, OCONTO AND SHAWANO COUNTIES. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION CONSISTS OF MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE/SAVINGS ACCOUNT. EACH MEMBER HAS ONE VOTE TO ELECT THE GOVERNING BODY (BOARD OF DIRECTORS). FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP UTILIZING THEIR ONE VOTE PER MEMBER. 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 FORM 990 IS REVIEWED BY EXECUTIVE MANAGEMENT PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS THE OFFICERS, DIRECTORS AND EMPLOYEES ARE REQUIRED TO DISCLOSE ANY FAMILY OR PERSONAL INTEREST INDIVIDUALS. THESE LISTS ARE BLOCKED FROM EMPLOYEE ACCESS. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION UTILIZES A THIRD-PARTY COMPENSATION VENDOR, BALANCEDCOMP, TO DETERMINE MARKET RATES AND SALARY RANGES FOR EACH POSITION. THIS INFORMATION IS PROVIDED TO THE BOARD OF DIRECTORS WHO DISCUSS AND THEN DETERMINE THE CEO'S ANNUAL SALARY VIA A VOTE. THE CEO AND HR REVIEW THE INFORMATION FOR ALL OTHER KEY EMPLOYEES AND OFFICERS. THE CEO MAKES THE FINAL DECISION ON KEY EMPLOYEE AND OFFICER SALARIES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE TO ALL MEMBERS AT OUR ANNUAL MEETING IN THE ANNUAL REPORT BOOKLET, AND YEAR END FINANCIALS ARE POSTED IN THE LOBBY AT BOTH BRANCHES. ALL OTHERS WOULD BE CONSIDERED UPON REQUEST. FORM 990, PART XI, LINE 9: ONE-TIME ADJ. TO UNDIVIDED EARNINGS (CECL) -119,279.