Dupaco Community Credit Union: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- Dupaco Community Credit Union (EIN 42-0674206)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-14
- IRS object ID
- 202233189349310963
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-14T01:38:43-00:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420674206 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Dupaco Community Credit Union | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DUPA | BusinessNameControlTxt |
| Phone | 5635577600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 Jackson St | AddressLine1Txt |
| City | Dubuque | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 52001 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Danielle Gratton | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 5635577600 | PhoneNum |
| Signature | 2022-11-14 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Danielle | PersonFirstNm |
| Person Last | Gratton | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DUPACO DUPACO | PreparerPersonNm |
| SSN | XXX-XX-XXXX | SSN |
| Preparation | 2022-11-14 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Danielle Gratton | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 Jackson St | AddressLine1Txt |
| City | Dubuque | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 52001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $153,164,149 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.dupaco.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1948 | FormationYr |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Activity Or Mission | Member-owned financial cooperative that offers a complete line of services. Dupacos vision is To be our members lifetime financial home and our mission is To improve our members financial position and build valued | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 708 | TotalEmployeeCnt |
| Total Volunteers | 9 | TotalVolunteersCnt |
| Total Gross UBI | $744,817 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $112,087,801 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $120,639,521 | CYProgramServiceRevenueAmt |
| PY Investment Income | $12,262,878 | PYInvestmentIncomeAmt |
| CY Investment Income | $18,509,357 | CYInvestmentIncomeAmt |
| PY Other Revenue | $4,068,546 | PYOtherRevenueAmt |
| CY Other Revenue | $2,519,027 | CYOtherRevenueAmt |
| PY Total Revenue | $128,419,225 | PYTotalRevenueAmt |
| CY Total Revenue | $141,667,905 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,139,633 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,331,133 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $38,679,678 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $44,032,133 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $61,166,883 | PYOtherExpensesAmt |
| CY Other Expenses | $62,295,138 | CYOtherExpensesAmt |
| PY Total Expenses | $100,986,194 | PYTotalExpensesAmt |
| CY Total Expenses | $107,658,404 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $27,433,031 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $34,009,501 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,430,753,466 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,697,668,812 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,095,833,459 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,339,911,430 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $334,920,007 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $357,757,382 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To improve our members financial position and build valued relationships by delivering personalized financial advice, products, and services. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | To promote thrift and financial literacy in the communities which we serve. Collaborate with our members to become their lifetime financial home while providing no/low cost financial services and competitive loan and deposit rates. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 94613 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 708 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (true) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Danielle D Gratton CFO | PersonNm |
| Phone | 5635577600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 Jackson St | AddressLine1Txt |
| City | Dubuque | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 52001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| Joseph Hearn | ||||||||
| President/CEO | 050.00 | 050.00 | Yes (X) | $568,973 | $0 | $90,438 | ||
| Danielle Gratton | ||||||||
| Chief Financial Officer | 050.00 | 050.00 | Yes (X) | $340,173 | $0 | $104,416 | ||
| Matt Dodds | ||||||||
| Chief Operating Officer | 050.00 | 050.00 | Yes (X) | $323,404 | $0 | $84,066 | ||
| Steve Ervolino | ||||||||
| Chief Information Officer | 050.00 | 050.00 | Yes (X) | $274,088 | $0 | $78,315 | ||
| David Klavitter | ||||||||
| Chief Marketing Officer | 050.00 | 050.00 | Yes (X) | $259,537 | $0 | $62,758 | ||
| Michael Schroeder | ||||||||
| Financial Services Manager | 050.00 | 050.00 | $287,773 | $0 | $29,000 | Yes (X) | ||
| Todd Link | ||||||||
| Chief Risk Officer | 050.00 | 050.00 | Yes (X) | $255,424 | $0 | $46,694 | ||
| Michael Poppen | ||||||||
| Financial Advisor | 050.00 | 050.00 | $251,729 | $0 | $25,851 | Yes (X) | ||
| Lisa Bowers | ||||||||
| Chief People Officer | 050.00 | 050.00 | Yes (X) | $209,155 | $0 | $55,684 | ||
| Mark McCoy | ||||||||
| SVP, Business Services | 050.00 | 050.00 | $207,358 | $0 | $16,995 | Yes (X) | ||
| Suzan Martin-Hallahan | ||||||||
| Financial Advisor | 050.00 | 050.00 | $176,258 | $0 | $18,259 | Yes (X) | ||
| Cole Schmelzer | ||||||||
| Senior Financial Advisor | 050.00 | 050.00 | $170,903 | $0 | $17,336 | Yes (X) | ||
| Denise Dolan | ||||||||
| Director | 001.00 | 001.00 | $0 | $0 | $1,152 | Yes (X) | ||
| Jeff Gonner | ||||||||
| Director | 001.00 | 001.00 | $0 | $0 | $619 | Yes (X) | ||
| Randy Skemp | ||||||||
| Director | 001.00 | 001.00 | $0 | $0 | $0 | Yes (X) | ||
| Renee Poppe | ||||||||
| Director | 001.00 | 001.00 | $0 | $0 | $0 | Yes (X) | ||
| J Stephan Chapman | ||||||||
| Director | 001.00 | 001.00 | $0 | $0 | $0 | Yes (X) | ||
| Ron Meyers | ||||||||
| Director | 001.00 | 001.00 | $0 | $0 | $0 | Yes (X) | ||
| Bob Wethal | ||||||||
| Director | 001.00 | 001.00 | $0 | $0 | $0 | Yes (X) | ||
| Andy Schroeder | ||||||||
| Director | 001.00 | 001.00 | $0 | $0 | $0 | Yes (X) | ||
| Ellen Goodmann Miller | ||||||||
| Director | 001.00 | 001.00 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,324,775 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $631,583 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 35 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Commercial Edge Construction | |||||
| 230 2nd St SE Ste 214 | Cedar Rapids | IA | 52401 | Construction | $10,241,977 |
| National Credit Union Administration | |||||
| 1775 Duke Street | Alexandria | VA | 223143428 | Insurance | $2,916,062 |
| Co-Op Financial Services | |||||
| PO Box 8388 | Des Moines | IA | 50301 | Card Processing | $2,250,271 |
| Managed Solutions Group | |||||
| 120 Bryant St | Dubuque | IA | 520037407 | Data Processing | $2,190,322 |
| Mastercard | |||||
| 2200 Mastercard Blvd | O Fallon | MO | 63368 | Card Processing | $1,806,320 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 83 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| Loan Interest Income - Loans to Members | 522100 | $73,573,564 | $73,573,564 | |
| Member Service Income | 522100 | $47,065,957 | $46,321,140 | $744,817 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $120,639,521 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,541,402 | TotalRevenueColumnAmt |
| Exclusion | $16,541,402 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $572,450 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $572,450 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $572,450 | TotalRevenueColumnAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $13,241,760 | SecuritiesAmt |
| Other | $222,439 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $11,180,716 | SecuritiesAmt |
| Other | $315,528 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,061,044 | SecuritiesAmt |
| Other | -$93,089 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,967,955 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Miscellaneous Income | Desc |
| Business | 522100 | BusinessCd |
| Total Revenue Column | $1,946,577 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,946,577 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $141,667,905 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $119,894,704 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $744,817 | UnrelatedBusinessRevenueAmt |
| Exclusion | $16,541,402 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,331,133 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,230,754 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,648,890 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,037,884 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,748,102 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,366,503 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $280,856 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $264,933 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees For Services Prof Fundraising | FeesForServicesProfFundraising |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,127,231 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,382,343 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,012,965 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,789,963 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,932,698 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,543,844 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $143,863 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Draft Charges | $2,421,434 |
| Miscellaneous Expense | $5,269,248 |
| Operating Expense | $7,321,044 |
| Provision for Loan Loss | $4,804,716 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,658,404 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,176,832 | BOYAmt |
| EOY | $22,743,375 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,764,298 | BOYAmt |
| EOY | $100,378,570 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,831,206 | BOYAmt |
| EOY | $7,971,541 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,728,143 | BOYAmt |
| EOY | $19,289,989 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,485,839,434 | BOYAmt |
| EOY | $1,721,444,438 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,407,908 | BOYAmt |
| EOY | $2,883,054 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $151,997,980 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $38,150,171 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $96,447,923 | BOYAmt |
| EOY | $113,847,909 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $508,630,374 | BOYAmt |
| EOY | $537,541,660 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114,794,033 | BOYAmt |
| EOY | $122,305,923 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,133,315 | BOYAmt |
| EOY | $49,262,353 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,430,753,466 | BOYAmt |
| EOY | $2,697,668,812 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,948,162 | BOYAmt |
| EOY | $8,564,170 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,543,234 | BOYAmt |
| EOY | $2,076,473 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $107,350,000 | BOYAmt |
| EOY | $107,211,686 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,976,992,063 | BOYAmt |
| EOY | $2,222,059,101 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,095,833,459 | BOYAmt |
| EOY | $2,339,911,430 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $334,920,007 | BOYAmt |
| EOY | $357,757,382 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $334,920,007 | BOYAmt |
| EOY | $357,757,382 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,430,753,466 | BOYAmt |
| EOY | $2,697,668,812 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $34,009,501 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$14,689,000 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $3,516,874 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,745,287 | OtherCostOrOtherBasisAmt |
| Book Value | $12,745,287 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $101,399,319 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,897,032 | DepreciationAmt |
| Book Value | $86,502,287 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $37,853,374 | OtherCostOrOtherBasisAmt |
| Depreciation | $23,253,139 | DepreciationAmt |
| Book Value | $14,600,335 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $113,847,909 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc |
|---|
| Financial derivatives and other financial products |
| Closely-held equity interests |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| Federal income taxes | |
| Regular Shares | $567,253,712 |
| Member Shares | $1,083,067,861 |
| Certificates | $571,737,528 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,222,059,101 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $141,667,905 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $141,667,905 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $141,667,905 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $107,636,307 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $107,636,307 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $22,097 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $22,097 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $107,658,404 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| X 2 | The Credit Union is exempt, under Internal Revenue Code IRC 501c14, from federal and state income taxes. The Credit Union has filed tax returns in the past for activities it has deemed taxable. The taxing authorities have the ability to assess taxes, penalties and interest for any years for which no tax return was filed. In the opinion of management, any liability resulting from taxing authorities imposing income taxes on the net taxable income from activities potentially deemed to be unrelated to the Credit Unions exempt purpose is not expected to have a material effect on the Credit Unions financial position or results of operations. The Credit Union evaluated its tax positions and determined no uncertain tax positions exist as of December 31, 2021 and 2020. The Credit Unions 2017 through 2020 tax years are open for examination by federal and state taxing authorities. |
| IV 2b | Dupaco collects amounts from members with real estate loans each month via their contractual payment schedule. These funds are held in escrow until they need to be disbursed in accordance with the escrow instructions for each member. Amounts held in escrow are for property taxes and homeowners insurance. |
| XII 4b | Noncontrolling interest of 22,097 represents the 10 minority interest by Voices Master Tenant, LLC in Dupaco Voices, LLC that is not attributable to Dupaco Community Credit Union and Subsidiary. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (16 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| Dupaco RW Hoefer Foundation | |||||||
| 1000 Jackson St | Dubuque | IA | 52001 | 454145438 | 501c3 | $860,000 | General Support |
| Creative Adventure Lab | |||||||
| 210 Jones St No 100 | Dubuque | IA | 52001 | 263523626 | 501c3 | $74,000 | General Support |
| Holy Family Catholic Schools | |||||||
| 2005 Kane St | Dubuque | IA | 52001 | 420792429 | 501c3 | $45,000 | General Support |
| National Mississippi River Museum and Aquarium | |||||||
| 350 East 3rd St | Dubuque | IA | 52001 | 426072050 | 501c3 | $18,750 | General Support |
| Northern Lights Hockey LLC | |||||||
| 1800 Admiral Sheehy Dr | Dubuque | IA | 52001 | 271316015 | 501c6 | $17,550 | General Support |
| Greater Dubuque Development Corporation | |||||||
| 900 Jackson St Suite 109 | Dubuque | IA | 52001 | 421263173 | 501c3 | $17,000 | General Support |
| Steeple Square | |||||||
| PO Box 3188 | Dubuque | IA | 52001 | 464898142 | 501c3 | $16,667 | General Support |
| Dubuque Museum of Art | |||||||
| 701 Locust St | Dubuque | IA | 52001 | 421071185 | 501c3 | $11,000 | General Support |
| MercyOne Dubuque Foundation | |||||||
| 250 Mercy Drive | Dubuque | IA | 52001 | 262227941 | 501c3 | $10,450 | General Support |
| American Red Cross | |||||||
| 2400 Asbury Rd | Dubuque | IA | 52001 | 530196605 | 501c3 | $10,000 | General Support |
| The Miracle League of Dubuque | |||||||
| 3409 Daniels St | Dubuque | IA | 52001 | 812454858 | 501c3 | $10,000 | General Support |
| Stonehill | |||||||
| 3485 Windsor Ave | Dubuque | IA | 52001 | 510141775 | 501c3 | $10,000 | General Support |
| Dubuque Symphony Orchestra | |||||||
| 2728 Asbury Rd Suite 900 | Dubuque | IA | 52001 | 237429727 | 501c3 | $9,000 | General Support |
| Legion Park Event Center | |||||||
| PO Box 503 | Platteville | WI | 53818 | 822002935 | 501c3 | $8,334 | General Support |
| Clarke University | |||||||
| 15550 Clarke Dr | Dubuque | IA | 52001 | 420680408 | 501c3 | $5,800 | General Support |
| Grow Cedar Valley | |||||||
| 360 Westfield Ave | Waterloo | IA | 50701 | 421241941 | 501c6 | $5,550 | General Support |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 14 | Total501c3OrgCnt |
| Total Other Org | 2 | TotalOtherOrgCnt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| Joseph Hearn | ||||||
| President/CEO | $404,964 | $140,809 | $23,200 | $90,438 | $2,240 | $661,651 |
| Danielle Gratton | ||||||
| Chief Financial Officer | $255,838 | $78,967 | $5,368 | $104,416 | $2,240 | $446,829 |
| Matt Dodds | ||||||
| Chief Operating Officer | $242,975 | $74,063 | $6,366 | $84,066 | $2,240 | $409,710 |
| Steve Ervolino | ||||||
| Chief Information Officer | $211,480 | $61,366 | $1,242 | $78,315 | $2,240 | $354,643 |
| David Klavitter | ||||||
| Chief Marketing Officer | $195,096 | $58,371 | $6,070 | $62,758 | $2,186 | $324,481 |
| Lisa Bowers | ||||||
| Chief People Officer | $160,379 | $48,240 | $536 | $55,684 | $2,133 | $266,972 |
| Todd Link | ||||||
| Chief Risk Officer | $146,475 | $46,420 | $62,529 | $46,694 | $1,977 | $304,095 |
| Michael Schroeder | ||||||
| Financial Services Manager | $287,356 | $417 | $29,000 | $1,056 | $317,829 | |
| Michael Poppen | ||||||
| Financial Advisor | $251,539 | $190 | $25,851 | $1,096 | $278,676 | |
| Mark McCoy | ||||||
| SVP, Business Services | $172,431 | $34,603 | $323 | $16,995 | $1,813 | $226,165 |
| Cole Schmelzer | ||||||
| Senior Financial Advisor | $170,392 | $511 | $17,336 | $1,755 | $189,994 | |
| Suzan Martin-Hallahan | ||||||
| Financial Advisor | $175,164 | $1,094 | $18,259 | $1,497 | $196,014 | |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I Line 1a | Health or social club dues are paid for officers or members of the senior leadership team of Dupaco Community Credit Union as part of their compensation package. Any dues that are paid to these members are added to their W-2s at the end of the year as reportable compensation. |
| Part II Line C | The Dupaco Board of Directors has designed the credit unions management compensation program to be competitive in the marketplace and ensure alignment of the long term interests of both manager and members. Dupaco management compensation is based on national compensation surveys and independent consultant analyses of similar sized financial institutions around the United States. The Dupaco Board Personnel Committee regularly reviews the data to ensure Dupaco is paying a fair market wage to attract and retain the best employee talent to manage a strong, stable and successful financial institution. The Personnel Committee provides annual recommendations of salary adjustments to the Board of Directors, who then votes on the recommendations. Components of management compensation packages include a large percentage of variable at risk pay, which is based on the credit unions member and employee engagement, satisfaction, and financial performance during specified time periods, as well as the credit unions business strategy as determined by the Board of Directors. Dupaco must be competitive in the financial services industry to retain long term talent. Because it cannot provide stock options offered by for profit financial institutions as a retention and performance incentive, Dupaco as a member owned cooperative provides designated executives a non qualified long term executive incentive plan. Designed to be self funding in nature through the achievement of growth and member service initiatives, the credit union will recoup the funding cost of supplemental retirement plan benefits through life insurance policy proceeds on plan participants. The retention incentive requires the participating executive to remain at the credit union until retirement age to be fully vested in the deferred compensation benefit. As an interim retention incentive leading up to a participants retirement, the plan does pay out once every five years a percentage of the vested long term executive incentive plan, which the credit union accrues annually based on goal achievement. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (7 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| Joe Hearn | |||||||
| President/CEO | FUND PURCHASE OF CASH VALUE OF LIFE INSURANCE POLICIES | Yes (X) | $7,650,000 | $8,623,401 | false | Yes (true) | Yes (true) |
| Danielle Gratton | |||||||
| CFO | FUND PURCHASE OF CASH VALUE OF LIFE INSURANCE POLICIES | Yes (X) | $1,500,000 | $1,690,863 | false | Yes (true) | Yes (true) |
| Matt Dodds | |||||||
| COO | FUND PURCHASE OF CASH VALUE OF LIFE INSURANCE POLICIES | Yes (X) | $2,000,000 | $2,254,484 | false | Yes (true) | Yes (true) |
| David Klavitter | |||||||
| CMO | FUND PURCHASE OF CASH VALUE OF LIFE INSURANCE POLICIES | Yes (X) | $1,850,000 | $2,085,398 | false | Yes (true) | Yes (true) |
| Todd Link | |||||||
| CRO | FUND PURCHASE OF CASH VALUE OF LIFE INSURANCE POLICIES | Yes (X) | $1,150,000 | $1,296,328 | false | Yes (true) | Yes (true) |
| Steve Ervolino | |||||||
| CIO | FUND PURCHASE OF CASH VALUE OF LIFE INSURANCE POLICIES | Yes (X) | $2,100,000 | $2,262,252 | false | Yes (true) | Yes (true) |
| Lisa Bowers | |||||||
| CPO | FUND PURCHASE OF CASH VALUE OF LIFE INSURANCE POLICIES | Yes (X) | $1,000,000 | $1,077,263 | false | Yes (true) | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $19,289,989 | TotalBalanceDueAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part II Line C | FormAndLineReferenceDesc |
| Explanation | The organization deposited funds into a life insurance policy on the participants life. During life, and subject to the policy generating sufficient values, the participant can borrow from the policy. At death, the organization recovers its premiums plus interest plus additional key person insurance proceeds. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, Line 6 | Membership of Dupaco Community Credit Union includes all eligible persons described below that have an account at the Credit Union. |
| Form 990, Part VI, Section A, Line 7a | Membership of Dupaco Community Credit Union shall consist of and be limited to such natural persons and entities eligible by law and as approved from time to time by, and recorded at the office of, the Superintendent of Credit Unions. To be eligible to be a Dupaco member, you must live or work within our 112 county charter area in Iowa, Northwest Illinois, and Southwest Wisconsin. |
| Form 990, Part VI, Section Aa, Line 7b | There shall be an annual meeting of the members on a date designated by the board of directors. Twenty two members shall constitute a quorum. If a quorum is not present on the date first designated for annual or special meetings of the credit union, the meetings shall be adjourned for not more than 15 days, and a second notice shall be mailed to or posted for all members stating the time and place of the adjourned meeting and those members present at such adjourned meeting shall constitute a quorum for the transaction of all business. |
| Form 990, Part VI, Section B, Line 11b | Every voting member of the board of directors received a full copy of the final 2021 990 tax return for Dupaco Community Credit Union to review prior to the submission of the return to the IRS. Any questions that the board members had in regards to the return were discussed. |
| Form 990, Part VI, Section B, Line 12c | Dupaco annually requires all directors to complete a conflict of interest form where any member accounts or organizations that would potentially impair their independence with Dupaco Community Credit Union are listed. Dupaco Community Credit Unions Employee Handbook discusses the Conflict of Interest policy in which employees sign an acknowledgement stating they have read and understood the Handbook. Upon completion of each, the various forms are kept in the administration office under a locked file cabinet. |
| Form 990, Part VI, Section B, Line 15 | The Dupaco Board of Directors has designated the Dupaco management compensation program to be competitive in the marketplace and ensure alignment of the long term interests of both managers and members. Dupaco management compensation is based on national compensation surveys and independent consultant analyses of similar sized financial institutions around the United States. The Dupaco Board of Directors Personnel Committee regularly reviews this data to ensure Dupaco is paying a fair market wage to attract and retain the best employee talent to manage a strong, stable and successful financial institution. The personnel committee provides annual recommendations of salary adjustments to the Board of Directors, who then votes on the recommendations. Components of management compensation packages include a large percentage of variable at risk pay, which is based on the credit unions member staff engagement, satisfaction, and financial performance during specified time periods, as well as the credit unions business strategy as determined by the Board of Directors. |
| Form 990, Part VI, Section C, Line 19 | Dupacos governing documents, conflict of interest policy, and financial statements are posted at each branch location and are also available upon request. |
| Form 990, Part XI, Line 5 | Securities available for sale are accounted for at fair value and the unrealized holding gains and losses are presented as a separate component of accumulated other comprehensive income. The change in unrealized gain and loss on securities available for sale was a decrease of 14,689,000. |
| Form 990, Part XI, Line 9 | A capital contribution of 3,516,874 is reflected in noncontrolling interest that represents the 10 minority interest by Voices Master Tenant, LLC in Dupaco Voices, LLC that is not attributable to Dupaco Community Credit Union and Subsidiary. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| Dupaco Holding LLC | |||||||||
| 1000 Jackson St | Dubuque | IA | 52001 | 391873865 | Holding Company | IA | $75,316 | $41,991,003 | Dupaco Community Credit Union |
| Dupaco Insurance Services LLC | |||||||||
| 1000 Jackson St | Dubuque | IA | 52001 | 421024767 | Insurance Services | IA | $2,467,983 | $354,940 | Dupaco Holding LLC |
| Dupaco Initiatives LLC | |||||||||
| 1000 Jackson St | Dubuque | IA | 52001 | 843308356 | Leverage Lender | IA | $55,355 | $5,645,152 | Dupaco Holding LLC |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Dupaco RW Hoefer Foundation | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 Jackson St | AddressLine1Txt |
| City | Dubuque | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 52001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 454145438 | EIN |
| Primary Activities | The encouragement of education, promotion of charity, and to contribute to organizations or causes w | PrimaryActivitiesTxt |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Exempt Code Section | 501c3 | ExemptCodeSectionTxt |
| Public Charity Status | PF | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Dupaco Voices LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 Jackson St | AddressLine1Txt |
| City | Dubuque | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 52001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 833182855 | EIN |
| Primary Activities | Real Estate | PrimaryActivitiesTxt |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Disproportionate Allocations | false | DisproportionateAllocationsInd |
| General Or Managing Partner | false | GeneralOrManagingPartnerInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Dupaco Real Estate Management LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 Jackson St | AddressLine1Txt |
| City | Dubuque | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 52001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 833176346 | EIN |
| Primary Activities | Real Estate | PrimaryActivitiesTxt |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (true) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| Dupaco RW Hoefer Foundation | ||
| b | $860,000 | Cash Donation |
| Dupaco Insurance Services LLC | ||
| o | $186,000 | Shared Support Fee |
| Dupaco Real Estate Management LLC | ||
| o | $278,190 | Shared Support Fee |
| Dupaco Holding LLC | ||
| b | $6,636,485 | Capital Contribution |
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