2022-11-07T10:02:01-07:00 2021-12-31 990 2021-01-01 390803157 GLACIER HILLS CREDIT UNION GLAC 2623381888 2150 S Main Street West Bend WI 53095 Eric Schmoldt Chief Financial Officer 2624381118 2022-11-07 1 11 0 AAL2 2021 2022-09-23 18:48:47Z Eric Schmoldt 2150 S Main St West Bend WI 53095 8785119 0 X www.glacierhills.com X 1934 WI A cooperative, nonprofit corporation, incorpated under Wisconsin State Law to encourge thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions. 7 7 66 9 4561 0 0 0 8020577 8365432 524301 419225 0 0 8544878 8784657 0 0 0 0 2964015 2870921 0 0 0 3777561 3453456 6741576 6324377 1803302 2460280 185055465 212874773 167730812 193187026 17324653 19687747 A cooperative, nonprofit corporation, incorporated under Wisconsin State Law to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions. 0 0 Provided low cost financial services to 16,834 members 0 0 0 0 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 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 3607 0 1 66 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X Eric Schmoldt Glacier Hills Credit Union 2624381117 2150 S Main Street West Bend WI 53095 Tami Winkler President 40 0 X 162498 0 30676 Rebecca Korth Mortgage Loan Manager 40 0 X 108146 0 14154 Chris Trost Director of Lending 40 0 X 100259 0 5018 Eric Schmoldt CFO 40 0 X 44463 0 0 Karen Wilson Chairperson 1.00 0.00 X X 0 0 250 Ken Schuh Vice Chairperson 1.00 0.00 X X 0 0 250 Stan Miske Treasurer 1.00 0.00 X X 0 0 250 Marilynn Orlopp Secretary 1.00 0 X X 0 0 250 Jeff Frank Board Member 1.00 0.00 X 0 0 250 Allison Holtzer Board Member 1.00 0.00 X 0 0 250 Joy Sterr Board Member 1.00 0 X 0 0 250 415366 0 51598 3 0 1 0 FISERV INC P O BOX 934057 ALANTA GA 31193 CORE PROCESSOR 859488 Humana Inc PO Box 14290 Lexington KY 40512 Health Insurance Provider 531288 NATIONAL CREDIT UNION ADMIN PO BOX 979069 ST LOUIS MO 63197 INSURANCE 227381 ONTECH SYSTEMS INC N85W16186 APPLETON AVENUE MENOMONEE FALLS WI 53051 IT MAINTENANCE 156332 4 0 Interest on Loans 522292 5349657 5349657 0 0 Fee Income 522130 817057 812496 4561 0 Other Operating Income 522130 2198718 2198718 0 0 0 0 0 0 8365432 412555 412555 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7132 0 462 0 6670 6670 6670 0 0 0 8784657 8780096 4561 0 0 0 0 0 206961 0 1896750 72493 534847 159870 0 53230 24711 0 0 0 10114 238203 224569 687208 0 269640 4868 0 15266 315825 0 373369 22508 Professional Expense 835653 Provision for loan losses 96895 Loan Service Expense 89876 191521 6324377 0 0 0 1876272 2018310 18864477 20920652 0 0 126108755 289707 202734 146265 0 0 0 136358414 0 0 260026 216324 7475182 3080248 4953603 4394934 3000616 3576219 28060054 44023654 0 0 0 0 1728928 930294 185055465 212874773 2176988 2314054 0 0 0 0 0 0 0 0 0 0 4000000 5000000 0 0 161553824 185872972 167730812 193187026 X 0 0 0 0 17324653 19687747 17324653 19687747 185055465 212874773 2460280 -97186 0 0 0 0 X 1 X 1 X 1 0 0 831046 831046 0 4960624 1886535 3074089 0 0 0 0 0 1683512 1193713 489799 0 0 0 0 4394934 CORPORATE CENTRAL MEMBERSHIP SHARES 356954 C JUMBO CDS HELD IN BANKS 25495000 C JUMBO CDS HELD IN CREDIT UNIONS 3720000 C FEDERAL HOME LOAN BANK STOCK 201700 C CORPORATE CENTRAL CDS 14250000 C 44023654 MEMBER DEPOSITS 185872972 185872972 X 0 0 0 Tami Winkler President 144897 0 17601 0 0 0 8440 0 22236 0 193174 0 133417 0 JACQUELINE SCHUH SPOUSE OF BOARD MEMBER AUTO LOAN X 35000 17530 0 1 1 RICHARD ORLOPP SPOUSE OF BOARD MEMBER HELOC X 20000 7525 0 1 1 ERIC SCHMOLDT CFO AUTO LOAN X 42229 42229 0 1 1 ERIC SCHMOLDT CFO PERSONAL LOAN X 15000 14767 0 1 1 TAMI WINKLER CEO/PRESIDENT AUTO LOAN X 52000 38899 0 1 1 TAMI WINKLER CEO/PRESIDENT CREDIT CARD X 25000 753 0 1 1 TAMI WINKLER CEO/PRESIDENT CREDIT CARD X 500 105 0 1 1 121808 Form 990, Part VI, Section A, Line 6 The credit union has 16,834 member. Form 990, Part VI, Section A, Line 7a The members elect the board of directors. Form 990, Part VI, Section A, Line 7b An annual meeting of the membership is held to discuss concerns with the board of directors. Form 990, Part VI, Section B, Line 11b The form is distributed to the board of directors. The form is reviewed and compared to the previously filed reports for accuracy and consistency by the CFO. Form 990, Part VI, Section B, Line 12c The employees and directors annually sign an "Oath of Office" statement which covers conflicts of interest. All conflicts of interest are required to be documented and subsequently reviewed for improprieties. The ongoing internal audit process reviews for such conflicts. Form 990, Part VI, Section B, Line 15 The Wisconsin Credit Union League, our trade organization, publishes a salary survey of various positions' salary ranges. This document is referenced for the rate of pay for all positions within the credit union. Form 990, Part VI, Section C, Line 19 The financial statements 5300 reports, are public information and available through the NCUA website. Other statement would need to be rquested at the main office of the credit union.