2022-09-27T12:42:19-05:00 2021-12-31 390758449 WIPFLI LLP PO BOX 8010 WAUSAU WI 544028010 990 2021-01-01 390851648 FORT COMMUNITY CREDIT UNION FORT 9205637305 PO BOX 160 FORT ATKINSON WI 53538 SUSAN JOHNSON CHIEF EXECUTIVE OFFICER 9205637305 2022-09-27 1 SUSAN JOHNSON 999009999 MARY A COATES CPA P00134220 7158453111 2022-09-27 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z SUSAN JOHNSON PO BOX 160 FORT ATKINSON WI 53538 12900228 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 98 7 37022 7042 0 0 11371106 11030048 1380972 1627158 116798 169257 12868876 12826463 1000 4745 0 0 5057529 5351654 0 0 0 5891140 5357647 10949669 10714046 1919207 2112417 314376984 350222028 271505216 306455642 42871768 43766386 TO HELP EVERY MEMBER BE IN A BETTER FINANCIAL POSITION THAN WHEN WE MET THEM. 0 0 WE FUNDED 3,917 LOANS DURING 2021. AS OF 12/31/2021 WE HAD $57,134,566 MORTGAGES/HOME EQUITY LINES, $98,527,353 CONSUMER LOANS, $15,521,625 MEMBER BUSINESS LOANS, AND $5,130,495 CREDIT CARD ACCOUNTS WITH OUR MEMBERS. WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 21,280 MEMBERS AT 12.31. DURING 2021, WE GREW DEPOSITS IN NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS BY $21,070,500. 0 0 0 0 0 0 0 1 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 11608 0 1 98 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 JOSHUA KLINE 9205637305 800 MADISON AVE FORT ATKINSON WI 53538 DIANNE BUTT CHAIR 1.00 X 1050 0 0 ERNEST WITZKE VICE-CHAIR 1.00 X 975 0 0 PHILLIP RISTOW TREASURER 1.00 X 1275 0 0 CRAIG NEVERMANN DIRECTOR 1.00 X 825 0 0 MARGARET BARE DIRECTOR 1.00 X 900 0 0 ROSALINDA MARTINEZ DIRECTOR 1.00 X 225 0 0 COLLIN W STEVENS DIRECTOR 1.00 X 825 0 0 SUSAN JOHNSON CHIEF EXECUTIVE OFFICER 40.00 X 230312 0 27601 RICHARD AUSTIN CHIEF FINANCIAL OFFICER 40.00 X 193568 0 21642 DANIELLE FRAWLEY CHIEF LENDING OFFICER 40.00 X 130527 0 11002 ROBYN NEWCOMB CHIEF EXPERIENCE OFFICER 40.00 X 115967 0 21644 MEGHAN BERNATH CHIEF OPERATING OFFICER 40.00 X 96424 0 4633 MICHAEL GORMAN MORTGAGE LOAN OFFICER 40.00 X 173318 0 25895 946191 0 112417 5 0 1 0 CORELATION BUSINESS 2305 HISTORIC DECATUR RD SAN DIEGO CA 92106 CORE SOFTWARE AND MAINTENANCE 881132 PAYMENT SYSTEMS FOR CREDIT UNIONS INC 560 CLARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING SERVICES 331347 COMPUTERS NATIONWIDE LLC 120 N FRATERNITY LANE WHITEWATER WI 53190 IT MANAGED SERVICES 325828 FISERV PO BOX 934057 ATLANTA GA 31193 DEBIT CARD PROCESSING SERVICES 269054 FINASTRA PO BOX 535120 ATLANTA GA 30353 MOBILE APP SOFTWARE 234888 5 INTEREST ON LOANS 522100 7610536 7610536 FEE INCOME 522100 1731067 1731067 INTERCHANGE DEBIT CARD INCOME 522100 1410612 1410612 INSURANCE SALES 524298 244211 240811 3400 NONMEMBER ATM FEES 522100 33622 33622 11030048 1204526 1204526 74585 50515 24070 24070 24070 445882 0 23250 445882 -23250 422632 422632 BAD DEBT RECOVERIES 522100 55312 55312 89875 89875 145187 12826463 11048338 37022 1741103 4745 859396 3104369 171808 922522 293559 4163 13239 461441 359642 284392 597636 301231 10257 380 132457 870166 75745 DIVIDENDS ON MEMBER SHA 1034434 LOAN & CLOSING COSTS 679691 CREDIT CARD FEES 384365 DUES & SUBSCRIPTIONS 53884 94524 10714046 1727397 2493514 29412243 32029760 767373 796617 1049311 1121673 179373536 187879200 730082 2261259 16920778 6356228 11333646 10564550 58360840 84907559 23780132 18453888 7842424 9714008 314376984 350222028 4283660 4385142 107889 122957 9860000 10000000 257253667 291947543 271505216 306455642 X 0 0 0 0 42871768 43766386 42871768 43766386 314376984 350222028 2112417 -1217799 0 X 0 0 0 0 1 X 801900 801900 10894885 2943892 7950993 5223993 3412336 1811657 10564550 DEPOSITS IN COMMERCIAL BANKS 13688000 C LOANS TO AND INVESTMENTS IN NATURAL PERSON CREDIT UNIONS 2489000 C PERPETUAL CONTRIBUTE CAPITAL 1201658 C ALL OTHER INVESTMENTS 432500 C LOANS HELD FOR SALE 642730 C 18453888 MEMBER SHARES & DEPOSITS 291947543 291947543 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 204139 0 24625 0 1548 0 8083 0 19518 0 257913 0 0 0 RICHARD AUSTIN CHIEF FINANCIAL OFFICER 163546 0 25709 0 4313 0 6822 0 14820 0 215210 0 0 0 MICHAEL GORMAN MORTGAGE LOAN OFFICER 68905 0 103887 0 526 0 6294 0 19601 0 199213 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 575511 0 1 1 RICK AUSTIN CHIEF FINANCIAL OFFICER SPLIT DOLLAR LIFE INSURANCE X 480000 546162 0 1 1 1121673 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.