2023-05-15T13:10:24-07:00 2022-12-31 990 2022-01-01 420670685 DUTRAC COMMUNITY CREDIT UNION DUTR 5635821331 3465 ASBURY ROAD PO BOX 3250 DUBUQUE IA 520043250 DEBRA REIFF CONTROLLER 5635858462 2023-05-12 1 1 11 1 AAL2 2022 2023-04-26 12:10:37Z ANDREW HAWKINSON 3465 ASBURY ROAD PO BOX 3250 DUBUQUE IA 520043250 40004352 0 X www.dutrac.org X 1942 IA PROMOTING THRIFT AMONG CREDIT UNION MEMBERS 10 10 218 10 336801 336801 0 0 33968058 36382051 1641189 3220024 678733 402277 36287980 40004352 0 0 0 0 11088878 12081187 0 0 0 16777431 21096374 27866309 33177561 8421671 6826791 980523751 1044586172 865446625 938625578 115077126 105960594 PROMOTING THRIFT AMONG MEMBERS 0 0 33177561 0 40004352 GRANTING AFFORDABLE LOANS, PROMOTING SAVINGS AND THRIFT AMONG 50718 MEMBERS. SEE 4A SEE 4A 0 0 0 33177561 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 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 60 0 1 218 1 1 1 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X DEBRA REIFF ASSISTANT CONTROLLER 5635821331 3465 ASBURY ROAD PO BOX 3250 DUBUQUE IA 520043250 ANDREW HAWKINSON PRESIDENT/CEO 45 0 X 464223 0 0 KIM ADAMS SENIOR VP OPERATIONS 45 0 X 223771 0 0 JASON NORTON SVP - MARKETING 45 0 X 178974 0 0 MICHELLE A ARISS SVP FINANCE 45 0 X 174394 0 0 ANDREW LASSEN SVP - IT 45 0 X 174345 0 0 RONALD KINSELLA SENIOR VP LENDING 45 0 X 171454 0 0 JULIE SOUCINEK MORTGAGE LOAN MANAGER 45 0 X 166323 0 0 LEE HOERNER SVP - MEMBER SERVICE 45 0 X 163248 0 0 JEFFREY WALLER COMMERCIAL LENDING MANAGER 45 0 X 136763 0 0 Megan Kelleher-Egan SVP Human Resources 45 0 X 133040 0 0 TRAVIS PHELAN COMMERCIAL LENDER 45 0 X 123178 0 0 DENNIS NARANJO COMMERCIAL LENDER 45 0 X 109000 0 0 HARLAN PEDRETTI DIRECTOR 2 0 X 1057 0 0 CHAD KRUSE TREASURER 2 0 X 1032 0 0 KEVIN MUELLER SECRETARY 2 0 X 792 0 0 DAVID EGGERS DIRECTOR 2 0 X 0 0 0 DANIEL DEUTMEYER DIRECTOR 2 0 X 0 0 0 MICHAEL READY DIRECTOR 2 0 X 0 0 0 SCOTT NEYENS DIRECTOR 2 0 X 0 0 0 JOHN VAIL CHAIRPERSON 4 0 X 0 0 0 NICHOLAS SPECHT VICE-CHAIRPERSON 2 0 X 0 0 0 CRENNA BRUMWELL DIRECTOR 2 0 X 0 0 0 2221594 0 0 12 0 1 0 RUSSELL CONSTRUCTION CO INC 4700 EAST 53RD ST DAVENPORT IA 52807 CONSTRUCTION 2440535 FISERV 75 REMITTANCE DR SUITE 6962 CHICAGO IL 606756962 COMPUTER TECHNOLOGY 1143496 TOWN SQUARE MEDIA 27142 NETWORK PLACE CHICAGO IL 606731271 ADVERTISING 416103 Corelation Inc 2305 Historic Decatur Rd Ste 300 San Diego CA 921066073 Data Processing 1471546 Access Softek Inc 727 Allston Way Ste C Berkeley CA 94710 Electronic Services 379637 38 0 0 0 0 0 0 0 0 LOANS TO MEMBERS 522130 28716358 28716358 0 0 FEES AND INCOME 522130 7665693 7665693 0 0 0 0 0 0 36382051 3813229 3813229 0 0 0 0 0 0 0 0 0 0 0 0 -590729 -2476 0 0 -590729 -2476 -593205 -593205 0 0 0 DUTRAC FINANCIAL GROUP 523999 232954 0 232954 0 FCT INCOME 523999 55436 0 55436 0 ATM SURCHARGES TO NONMEMBERS 522130 48411 0 48411 0 65476 65476 0 0 402277 40004352 39667551 336801 0 0 0 0 0 0 0 0 0 2221594 2221594 0 0 0 0 0 0 7465601 7465601 0 0 377530 377530 0 0 1346692 1346692 0 0 669770 669770 0 0 110088 110088 0 0 46099 46099 0 0 61318 61318 0 0 0 0 1304794 1304794 0 0 1910059 1910059 4028104 4028104 1994125 1994125 159652 159652 59921 59921 LOAN SERVICING EXP/PROVISION FOR LOAN LOSS 3723009 3723009 0 0 COST OF FUNDS 6740611 6740611 0 0 UBIT TAX 47043 47043 0 0 MISCELLANEOUS EXPENSE 911551 911551 0 0 33177561 33177561 0 0 16746074 39311507 0 0 0 0 2058063 2903618 3101924 3378665 0 0 674612901 785943962 0 0 1956428 3365508 34435241 17213121 13912654 17222120 249448970 173527875 0 0 0 0 0 0 18686737 18932917 980523751 1044586172 4645389 17376298 0 0 0 0 0 0 0 0 0 0 0 0 0 0 860801236 921249280 865446625 938625578 X 0 0 52406772 39463445 62670354 66497149 115077126 105960594 980523751 1044586172 6826791 -15943323 0 0 0 0 X 0 1 1 0 6052437 0 6052437 21191165 0 12162987 9028178 753368 0 243614 509754 6339018 0 4730367 1608651 99253 0 76153 23100 17222120 0 TOTAL SHARES AND DEPOSITS 921249280 921249280 40004352 0 0 0 0 0 40004352 0 0 0 40004352 33177561 0 0 0 0 0 33177561 0 0 0 33177561 X 1 1 X X X X 0 0 0 ANDREW HAWKINSON PRESIDENT/CEO 463231 0 0 0 8748 0 0 0 -7756 0 464223 0 0 0 RONALD KINSELLA SENIOR VP LENDING 163608 0 11599 0 1370 0 0 0 -5122 0 171455 0 0 0 LEE HOERNER SVP - MEMBER SERVICE 146275 0 26092 0 646 0 0 0 -9765 0 163248 0 0 0 Megan Kelleher-Egan SVP Human Resources 136288 0 5771 0 1077 0 0 0 -10096 0 133040 0 0 0 JASON NORTON SVP - MARKETING 173173 0 7857 0 1490 0 0 0 -3547 0 178973 0 0 0 ANDREW LASSEN SVP - IT 153110 0 30506 0 441 0 0 0 -9712 0 174345 0 0 0 KIM ADAMS SENIOR VP OPERATIONS 221251 0 6795 0 1399 0 0 0 -5674 0 223771 0 0 0 MICHELLE A ARISS SVP FINANCE 153298 0 30664 0 428 0 0 0 -9996 0 174394 0 0 0 DENNIS NARANJO COMMERCIAL LENDER 108937 0 2882 0 180 0 0 0 -3000 0 108999 0 0 0 TRAVIS PHELAN COMMERCIAL LENDER 117593 0 14809 0 333 0 -9556 0 0 0 123179 0 0 0 JULIE SOUCINEK MORTGAGE LOAN MANAGER 77351 0 93697 0 281 0 0 0 -5006 0 166323 0 0 0 JEFFREY WALLER COMMERCIAL LENDING MANAGER 132412 0 5788 0 593 0 0 0 -2030 0 136763 0 0 0 Schedule J, Part I, Line 1a TRAVEL FOR DIRECTOR'S SPOUSE ANDREW HAWKINSON PRESIDENT/CEO CREDIT UNION LOAN TO MEMBER X 739560 639466 0 1 1 RONALD KINSELLA SENIOR VP LENDING CREDIT UNION LOAN TO MEMBER X 205001 99018 0 1 1 LEE HOERNER SENIOR VP MEMBER SERVICES CREDIT UNION LOAN TO MEMBER X 69817 106055 0 1 1 MEGAN KELLEHER-EGAN SVP HUMAN RESOURCES CREDIT UNION LOAN TO MEMBER X 33249 40718 0 1 1 ANDREW LASSEN SVP IS CREDIT UNION LOAN TO MEMBER X 374378 419429 0 1 1 KIM ADAMS SVP FACILITIES/OPERATIONS CREDIT UNION LOAN TO MEMBER X 1 65 0 1 1 DANIEL DEUTMEYER DIRECTOR CREDIT UNION LOAN TO MEMBER X 2 11109 0 1 1 DAVID EGGERS DIRECTOR CREDIT UNION LOAN TO MEMBER X 177001 151238 0 1 1 CRENNA BRUMWELL DIRECTOR CREDIT UNION LOAN TO MEMBER X 193660 185827 0 1 1 CHAD KRUSE TREASURER CREDIT UNION LOAN TO MEMBER X 320757 322208 0 1 1 MICHELLE ARISS SVP FINANCE CREDIT UNION LOAN TO MEMBER X 233888 237746 0 1 1 SCOTT NEYENS DIRECTOR CREDIT UNION LOAN TO MEMBER X 379691 329460 0 1 1 HARLAN PEDRETTI DIRECTOR CREDIT UNION LOAN TO MEMBER X 1 37 0 1 1 NICHOLAS SPECHT VICE CHAIRPERSON CREDIT UNION LOAN TO MEMBER X 121001 102850 0 1 1 JOHN VAIL CHAIRPERSON CREDIT UNION LOAN TO MEMBER X 233289 207649 0 1 1 DENNIS NARANJO COMMERCIAL LENDER CREDIT UNION LOAN TO MEMBER X 40001 30929 0 1 1 TRAVIS PHELAN COMMERCIAL LENDER CREDIT UNION LOAN TO MEMBER X 298745 292184 0 1 1 JULIE SOUCINEK MORTGAGE LENDING MANAGER CREDIT UNION LOAN TO MEMBER X 213750 202348 0 1 1 JEFFREY WALLER COMMERCIAL LENDING MANAGER CREDIT UNION LOAN TO MEMBER X 1 329 0 1 1 3378665 Form 990, Part VI, Section A, Line 6 The credit union is owned equally by each of its 50302 members. There are no stockholders. Form 990, Part VI, Section A, Line 7a The credit union is owned equally by each of its members and does not have stockholders. However, each member has one vote which they can use to elect Board and Committee Members. Form 990, Part VI, Section A, Line 7b Only in special circumstances such as mergers, the members of the merging credit union would have to approve the unification. Form 990, Part VI, Section B, Line 11b It is reviewedby the CEO, Board Executive Committee, and Controller who prepared the filing. Form 990, Part VI, Section B, Line 12c The credit union has an internal auditor and also a compliance officer to insure the policies are regularly updated and adhered to by all staff regardless of the seniority or position. Form 990, Part VI, Section B, Line 15 The decisions involving the CEO or top executives are usually handled by a special committee (Search Committee in the case of a new hire.) or Board of Directors for regular periodic decisions such as compensation, benefits, and perks. Form 990, Part VI, Section C, Line 19 The accounting records are maintained by the Controller who shares Financial Reports with the CEO/Board. Additionally current Financial Statements are also displayed in the main lobby area of the Main Branch for the benefit of all members.