2025-06-11T15:54:46-05:00 2024-12-31 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2024-01-01 396062826 MEMBERS ADVANTAGE CREDIT UNION MEMB 7154211610 PO BOX 1208 WISCONSIN RAPIDS WI 544951208 TAMMY SCHWEBACH-ERDMAN CFO 7154211610 2025-06-09 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2025-06-09 2024 2025-03-06 01:10:19Z THOMAS BULIN PO BOX 1208 WISCONSIN RAPIDS WI 544951208 9954491 0 2157 X WWW.MEMBERSADVANTAGECU.COM X 1932 WI A MEMBER-OWNED FINANCIAL ORGANIZATION DEDICATED TO: MEETING THE CHANGING NEEDS OF MEMBERS IN FRIENDLY & PROFESSIONAL MANNER; PROVIDING A VARIETY OF COMPETITIVELY PRICED FINANCIAL PRODUCTS & FINANCIAL PRODUCTS & SERVICES; & MAINTAINING THE CREDIT UNION'S LONG-TERM STABILITY. 7 7 39 8 1136 0 0 0 8040306 9487515 547698 517642 0 0 8588004 10005157 14887 8681 0 2122557 2631084 2608049 0 0 0 4596763 2995732 7242734 7735019 1345270 2270138 181844551 181990211 155550233 152945277 26294318 29044934 X A MEMBER-OWNED FINANCIAL ORGANIZATION DEDICATED TO: MEETING THE CHANGING NEEDS OF MEMBERS IN FRIENDLY & PROFESSIONAL MANNER; PROVIDING A VARIETY OF COMPETITIVELY PRICED FINANCIAL PRODUCTS & FINANCIAL PRODUCTS & SERVICES; & MAINTAINING THE CREDIT UNION'S LONG-TERM STABILITY. 0 0 WE FUNDED 1,330 LOANS DURING 2024. AS OF 12/31/24, WE HAD $62,462,757 IN MORTGAGES/HOME EQUITY LINES, $107,950,451, IN CONSUMER LOANS AND $16,726,806 IN MEMBER BUSINESS LOANS. WE ALSO HAD 1,926 CREDIT CARD ACCOUNTS WITH OUR MEMBERS. WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 11,384 MEMBERS AT 12/31/24. DURING 2024, WE OPENED 2,423 NEW DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS. 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4152 0 1 39 1 1 1 0 0 0 0 0 0 0 X 7 7 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X TAMMY SCHWEBACH-ERDMAN CFO 7154211610 PO BOX 1208 WISCONSIN RAPIDS WI 544951208 THOMAS SCHARFF CHAIR 1.00 X X 2640 0 0 GARY PHILLIPS VICE-CHAIR 1.00 X X 1120 0 0 RONALD SCHWANZ TREASURER 1.00 X X 980 0 0 JOE BREDL DIRECTOR 1.00 X 1050 0 0 MARY ELLEN SCHARFF DIRECTOR 1.00 X 1050 0 0 JOHN UTTERMARK DIRECTOR 1.00 X 1050 0 0 RICH WATERS DIRECTOR 1.00 X 1120 0 0 THOMAS BULIN CEO 40.00 X 295739 0 49684 SCOTT VANDEHEY EVP 40.00 X 169151 0 26371 TAMMY SCHWEBACH-ERDMAN CFO 40.00 X 163976 0 34526 LEANNE PEARSON SECRETARY 1.00 X 1725 0 0 639601 0 110581 3 0 1 0 STRATA DEFENSE 8400 HIGHLAND DR WAUSAU WI 54401 IT SERVICES 157366 DATAMATIC PROCESSING PO BOX 474 DEWITT MI 48820 CORE SERVICES 102343 2 INTEREST ON LOANS 522100 7541564 7541564 MEMBER FEE INCOME 522100 1945951 1944815 1136 9487515 466976 466976 -50666 50666 50666 50666 10005157 9486379 1136 517642 8681 2122557 750182 1406356 53614 266152 131745 41934 11112 67543 295515 279875 232979 11002 67494 227603 269373 53371 DEBIT CARD EXPENSE 510919 LOAN & CLOSING COSTS 484146 PROVISION FOR LOAN LOSS 226811 DUES & SUBSCRIPTIONS 77111 138944 7735019 1204885 1205576 2439366 10255986 372776 409744 118117645 121264930 109304 67350 6425970 2816974 3824121 3608996 23551815 22577460 24884418 15059650 7340221 7540519 181844551 181990211 3240262 3572753 152309971 149372524 155550233 152945277 X 0 0 0 0 26294318 29044934 26294318 29044934 181844551 181990211 X 2270138 474979 5499 X 0 0 0 940598 940598 3901145 1408091 2493054 1142513 993244 149269 441714 415639 26075 3608996 NONPERPETUAL CAPITAL ACCOUNT 1145834 C PERPETUAL CONTRIBUTED CAPITAL 218000 C TIME DEPOSITS 12230000 C ALL OTHER INVESTMENTS 450000 C FUNDED MORTGAGE RECEIVABLE 1015816 C 15059650 MEMBER SHARES & DEPOSITS 149372524 149372524 1 MARSHFIELD CLINIC HEALTH SYSTEM FOUNDATION INC ATTN CMN HOSPITALS 1000 N OAK AVE MARSHFIELD WI 54449 812822823 501(C)(3) 7681 0 OPERATIONAL SUPPORT 1 0 PART I, LINE 2: GRANTS ARE APPROVED BY THE BOARD OF DIRECTORS. X X X 0 1 0 THOMAS BULIN CEO 275778 0 18773 0 1188 0 23846 0 25838 0 345423 0 0 0 TAMMY SCHWEBACH-ERDMAN CFO 149805 0 13873 0 298 0 9406 0 25120 0 198502 0 0 0 SCOTT VANDEHEY EVP 154199 0 14073 0 879 0 9571 0 16800 0 195522 0 0 0 PART I, LINE 4B THOMAS BULIN PARTICIPATES IN A 457(F) PLAN WITH THE CREDIT UNION. IN 2024, THE ORGANIZATION DEFERRED $7,169 TO HIS 457(F) PLAN. THERE WERE NO PAYOUTS FROM THIS PLAN DURING 2024. FORM 990, PART VI, SECTION A, LINE 2 THE BOARD CHAIR, THOMAS SCHARFF, AND A BOARD DIRECTOR, MARY ELLEN SCHARFF, ARE BROTHER AND SISTER. 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 DECISIONS TO DISSOLVE OR MERGE THE ORGANIZATION REQUIRES APPROVAL OF MEMBERSHIP, UNLESS MANDATED BY REGULATORY AGENCY (I.E., NCUA, WISCONSIN OFFICE OF CREDIT UNION). FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED BY THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NO DIRECTOR, OFFICER, COMMITTEE MEMBER, AGENT OR EMPLOYEE OF THIS CREDIT UNION SHALL IN ANY MANNER, DIRECTLY OR INDIRECTLY, PARTICIPATE IN THE DELIBERATION UPON OR THE DETERMINATION OF ANY QUESTION AFFECTING HIS OR HER PECUNIARY OR PERSONAL INTEREST OR THE PECUNIARY INTEREST OF ANY ORGANIZATION OR ASSOCIATION IN WHICH THE PERSON IS DIRECTLY OR INDIRECTLY INTERESTED. IN THE EVENT OF DISQUALIFICATION OF ANY DIRECTOR OR MEMBER OF THE CREDIT COMMITTEE RESPECTING ANY MATTER PRESENTED TO THE BOARD OR CREDIT COMMITTEE FOR DELIBERATION OR DETERMINATION, SUCH DIRECTOR OR COMMITTEE MEMBER SHALL WITHDRAW FROM THE DELIBERATION OR DETERMINATION. IF A DIRECTOR OR CREDIT COMMITTEE MEMBER WITHDRAWS FROM ANY DELIBERATION OR DETERMINATION, THE REMAINING QUALIFIED DIRECTORS OR CREDIT COMMITTEE MEMBERS PRESENT AT THE MEETING MAY EXERCISE ALL POWERS OF THE BOARD OR CREDIT COMMITTEE, PROVIDED THE NUMBER OF DIRECTORS OR CREDIT COMMITTEE MEMBERS PRESENT, INCLUDING THE DISQUALIFIED DIRECTORS OR MEMBERS, CONSTITUTES A QUORUM. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DECIDED BY COMPARATIVE DATA FROM BALANCEDCOMP AND THEN IS DETERMINED BY THE BOARD OF DIRECTORS. THE CEO COMPENSATION IS DONE IN A CLOSED SESSION BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST THROUGH THE CFO. FINANCIALS ARE ON THE ORGANIZATION'S WEBSITE, ANNUAL MEETING AND ENTRANCES OF BUILDINGS. FORM 990, PART XI, LINE 9: CHANGE IN OCI 5,499.