2023-05-22T11:41:20-05:00 2022-12-31 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2022-01-01 390851648 FORT COMMUNITY CREDIT UNION FORT 9205637305 PO BOX 160 FORT ATKINSON WI 53538 SUSAN JOHNSON CHIEF EXECUTIVE OFFICER 9205637305 2023-05-15 1 SUSAN JOHNSON 999009999 0 MICHAEL J PETERSON CPA P01833529 2187224705 2023-05-09 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SUSAN JOHNSON PO BOX 160 FORT ATKINSON WI 53538 12654589 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 96 7 41191 8545 0 0 11030048 10939023 1627158 1088009 169257 25171 12826463 12052203 4745 31907 0 0 5351654 4714265 0 0 0 5357647 6520503 10714046 11266675 2112417 785528 350222028 346847400 306455642 309976026 43766386 36871374 TO HELP EVERY MEMBER BE IN A BETTER FINANCIAL POSITION THAN WHEN WE MET THEM. 0 0 WE FUNDED 4,924 LOANS DURING 2022. AS OF 12/31/2022 WE HAD $101,490,485 MORTGAGES/HOME EQUITY LINES, $100,422,180 CONSUMER LOANS, $15,317,367 MEMBER BUSINESS LOANS, AND $5,253,364 CREDIT CARD ACCOUNTS WITH OUR MEMBERS. WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 22,019 MEMBERS AT 12.31. DURING 2022, OUR DEPOSITS DECLINED BY $1,918,886 BUT THIS SLIGHT DECLINE IS OFFSET BY THE ~$21 MILLION IN GROWTH FROM 2021. 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 10430 0 1 96 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 1.00 X 0 0 0 ERNEST WITZKE VICE-CHAIR 1.00 X 0 0 0 PHILLIP RISTOW TREASURER 1.00 X 0 0 0 CRAIG NEVERMANN DIRECTOR 1.00 X 0 0 0 MARGARET BARE DIRECTOR 1.00 X 0 0 0 ROSALINDA MARTINEZ DIRECTOR 1.00 X 0 0 0 COLLIN W STEVENS DIRECTOR 1.00 X 0 0 0 SUSAN JOHNSON CHIEF EXECUTIVE OFFICER 40.00 X 250788 0 29337 RICHARD AUSTIN CHIEF FINANCIAL OFF. (THRU 01/2022) 40.00 X 40679 0 1724 DANIELLE FRAWLEY CHIEF LENDING OFF. (THRU 11/2022) 40.00 X 129027 0 10936 ROBYN NEWCOMB CHIEF EXPERIENCE OFF. (THRU 03/2022) 40.00 X 42661 0 4593 MEGHAN BERNATH CHIEF OPERATING OFFICER 40.00 X 92669 0 17215 JEFFREY SCHEUERELL CHIEF EXPERIENCE OFFICER 40.00 X 79364 0 2255 JOSHUAH KLINE CHIEF FINANCIAL OFFICER 40.00 X 86746 0 17826 KEVIN PAYNTER CHIEF LENDING OFFICER 40.00 X 91515 0 29074 MICHAEL GORMAN MORTGAGE LOAN OFFICER 40.00 X 117835 0 36832 931284 0 149792 3 0 1 0 CORELATION BUSINESS 2305 HISTORIC DECATUR RD SAN DIEGO CA 92106 CORE SOFTWARE AND MAINTENANCE 411849 PAYMENT SYSTEMS FOR CREDIT UNIONS INC 560 CLARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING SERVICES 348428 COMPUTERS NATIONWIDE LLC 120 N FRATERNITY LANE WHITEWATER WI 53190 IT MANAGED SERVICES 339783 FISERV PO BOX 934057 ATLANTA GA 31193 DEBIT CARD PROCESSING SERVICES 330833 BANKJOY BUSINESS 145 S LIVERNOIS RD SUIT ROCHESTER HILLS MI 48073 MOBILE APP SOFTWARE PROVIDER 169539 10 INTEREST ON LOANS 522100 7778555 7778555 INTERCHANGE DEBIT CARD INCOME 522100 1919973 1919973 FEE INCOME 522100 940517 940517 INSURANCE SALES 524298 266787 258787 8000 NONMEMBER ATM FEES 522100 33191 33191 10939023 1632418 1632418 83148 57977 25171 25171 25171 544109 300 -544109 -300 -544409 -544409 12052203 10897832 41191 1113180 31907 802981 3126352 203612 321276 260044 5736 49598 1117728 309622 411766 854761 301758 22004 343 226846 846264 DIVIDENDS ON MEMBER SHA 847780 LOAN & CLOSING COSTS 659679 CREDIT CARD FEES 373638 BAD DEBT EXPENSE 301201 191779 11266675 2493514 1530859 32029760 15678995 796617 937029 1121673 1193758 187879200 220514352 2261259 2376995 15546042 5807993 10564550 9738049 84907559 74505451 18453888 10275734 9714008 10096178 350222028 346847400 4385142 4324215 122957 140571 10000000 15500000 291947543 290011240 306455642 309976026 X 0 0 0 0 43766386 36871374 43766386 36871374 350222028 346847400 X 785528 -7612107 -68433 X 0 0 0 0 1 X 801900 801900 11091482 3203890 7887592 3652660 2604103 1048557 9738049 MEMBER SHARES & DEPOSITS 290011240 290011240 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 224079 0 26709 0 0 0 9126 0 20211 0 280125 0 0 0 MICHAEL GORMAN MORTGAGE LOAN OFFICER 71259 0 46576 0 0 0 4795 0 32037 0 154667 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 581983 0 1 1 RICHARD AUSTIN CHIEF FINANCIAL OFFICER SPLIT DOLLAR LIFE INSURANCE X 480000 611775 0 1 1 1193758 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 -68,433.