2022-11-15T13:33:52-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2021-01-01 390203995 LANDMARK CREDIT UNION LAND 2627964500 2775 S MOORLAND ROAD NEW BERLIN WI 53151 DAVID POWERS CFO 2627964500 2022-11-02 1 DAVID POWERS 999009999 TANYA MEDGAARDEN P01717240 5074347000 2022-11-02 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DAVID POWERS 2775 S MOORLAND ROAD NEW BERLIN WI 53151 240135383 0 X WWW.LANDMARKCU.COM X CREDIT UNION 1933 WI LANDMARK CREDIT UNION IS A MEMBER-OWNED NOT-FOR-PROFIT, COOPERATIVE FINANCIAL INSTITUTION. 10 9 1073 0 169175 0 0 0 244872818 234729202 7415445 5302664 76391 64786 252364654 240096652 0 0 40001702 21708367 68343635 78675857 0 0 0 75106634 67845977 183451971 168230201 68912683 71866451 5282705118 5849776712 4767913698 5274748618 514791420 575028094 X LANDMARK CREDIT UNION IS 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 PROVIDE LOW-COST FINANCIAL SERVICES TO OVER 364,792 MEMBERS, WHO RESIDE PRIMARILY IN SOUTHEASTERN WISCONSIN. PROVIDED OVER 657,967 SAVINGS-TYPE ACCOUNTS TO THE CREDIT UNION'S MEMBERS. THE ACCOUNTS ARE STRUCTURED TO ENCOURAGE MEMBER THRIFT AND PROVIDE A COMPETITIVE RETURN ON THEIR SAVINGS. GRANTED 54,847 LOANS TO CREDIT UNION MEMBERS, REPRESENTING APPROXIMATELY $2,959,349,140 AIMED AT MEETING THEIR RESPECTIVE FINANCING NEEDS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 232394 0 1 1073 1 1 1 0 0 0 0 0 0 0 X 10 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 1 1 0 X DAVID POWERS 2627964500 555 S EXECUTIVE DR BROOKFIELD WI 53005 JAY MAGULSKI TREASURER/CEO/PRESIDENT 50.00 X X 850602 0 81762 BRIAN DOROW CHAIRPERSON 10.00 X X 25775 0 0 NANCY DICKMAN SECRETARY 10.00 X X 22819 0 0 GRACE KOSTROSKI VICE CHAIRPERSON 10.00 X X 21300 0 0 JENNIFER ZIERER DIRECTOR 10.00 X 16625 0 0 AILEC GONZALEZ DIRECTOR 10.00 X 16625 0 0 MIKE ERWIN DIRECTOR 10.00 X 16625 0 0 JOHN SCHULZE JR DIRECTOR 10.00 X 16625 0 0 NELSON PHILLIPS DIRECTOR 10.00 X 16625 0 0 DANE SANDERSEN ASSOCIATE DIRECTOR 10.00 X 5313 0 0 BRIAN MELTER CXO 50.00 X 464864 0 63239 DAVID POWERS CFO 50.00 X 397881 0 59491 MARK KENNEDY CLO 50.00 X 386687 0 59061 STEPHEN HANNAN JR CIO 50.00 X 355438 0 57770 ROBERT BRUEMMER EVP 50.00 X 279528 0 42850 JODI GREENMEIER CPO 50.00 X 256449 0 44222 LUKE HESPRICH SENIOR INVESTMENT REP 40.00 X 469873 0 71909 KAREN BRAUN SUPERVISOR, MORTGAGE LENDI 50.00 X 461974 0 61751 GUSTAVO ALCANTARA SUPERVISOR, MORTGAGE LENDI 50.00 X 330246 0 50404 CHRISTOPHER SLADEK MTG LOAN ORIGINATOR 40.00 X 307011 0 62109 CYNTHIA MINUTI SVP BR STRATEGY & DE 50.00 X 276428 0 51629 4995313 0 706197 81 0 1 0 CG SCHMIDT INC 11777 W LAKE PARK DRIVE MILWAUKEE WI 532243047 BUILDING CONSTRUCTION 11254312 FISERV PO BOX 934057 ATLANTA GA 311934057 DATA SERVICES 3863699 M&M OFFICE INTERIORS INC W233N2833 ROUNDY CIRCLE WEST SUITE PEWAUKEE WI 530720727 OFFICE FURNITURE 3292720 CDW DIRECT LLC PO BOX 75723 CHICAGO IL 606755723 BUSINESS SOLUTIONS 2710348 JIGSAW LLC 610 E PLEASEANT STREET MILWAUKEE WI 53202 MARKETING 2648774 94 LOAN INTEREST INCOME 522100 151127309 151127309 OTHER OPERATING INCOME 522100 56121051 56121051 FEE REVENUE 522100 27480842 27311667 169175 234729202 5162147 5162147 64786 0 64786 64786 64786 179248 0 38731 179248 -38731 140517 140517 240096652 234624813 169175 5302664 21708367 3558176 54531471 7199677 9566121 3820412 598024 158153 14966675 5211061 11726198 5845607 376559 3471651 7606441 LOAN SERVICING EXPENSES 7706360 MISC. OPERATING EXPENSE 6634739 PROVISION FOR LOAN LOSS 3234744 OPERATING FEES 309765 168230201 46422335 44764299 573954890 708409219 4207712 2163917 4022467889 4166134206 3669405 5097438 196056615 46776699 129923183 149279916 316331448 600135669 26800204 22231580 158928052 151560468 5282705118 5849776712 102875646 87139892 180105000 180105000 4484933052 5007503726 4767913698 5274748618 X 0 0 0 0 514791420 575028094 514791420 575028094 5282705118 5849776712 X 71866451 -5872424 -5757353 X X 0 1 X 1 0 0 1 X 32416996 32416996 114627183 17947348 96679835 1174836 820717 354119 47837600 28008634 19828966 149279916 SHARE DRAFTS 935150355 REGULAR DRAFTS 1338231587 MONEY MARKET SHARES 1530253362 SHARE CERTIFICATES 932869300 IRA 241991800 ALL OTHER SHARES/DEPOSITS 29007322 5007503726 X 240164386 0 240164386 -67734 -67734 240096652 168297931 0 168297931 -67730 -67730 168230201 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS REAL ESTATE ESCROW ACCOUNTS USED TO PAY MEMBERS REAL ESTATE TAXES AND INSURANCE. PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE (IRC) 501 (C) (14), 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 UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S 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 UNION'S 2018 THROUGH 2020 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES INCLUDED IN REVENUE FOR 990 PURPOSES -67,730. ROUNDING -4. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES INCLUDED IN REVENUE FOR 990 PURPOSES -67,730. X X X X X X 0 0 0 JAY MAGULSKI TREASURER/CEO/PRESIDENT 564244 0 282794 0 3564 0 47066 0 34696 0 932364 0 0 0 LUKE HESPRICH SENIOR INVESTMENT REP 10958 0 455601 0 3314 0 37463 0 34446 0 541782 0 0 0 BRIAN MELTER CXO 311110 0 139584 0 14170 0 30854 0 32385 0 528103 0 0 0 KAREN BRAUN SUPERVISOR, MORTGAGE LENDI 56227 0 399963 0 5784 0 39875 0 21876 0 523725 0 0 0 DAVID POWERS CFO 283295 0 103474 0 11112 0 26638 0 32853 0 457372 0 0 0 MARK KENNEDY CLO 270693 0 99466 0 16528 0 28420 0 30641 0 445748 0 0 0 STEPHEN HANNAN JR CIO 255499 0 88712 0 11227 0 25628 0 32142 0 413208 0 0 0 GUSTAVO ALCANTARA SUPERVISOR, MORTGAGE LENDI 59195 0 266927 0 4124 0 29178 0 21226 0 380650 0 0 0 CHRISTOPHER SLADEK MTG LOAN ORIGINATOR 31486 0 272513 0 3012 0 29663 0 32446 0 369120 0 0 0 CYNTHIA MINUTI SVP BR STRATEGY & DE 204845 0 60744 0 10839 0 19764 0 31865 0 328057 0 0 0 ROBERT BRUEMMER EVP 219518 0 49935 0 10075 0 21497 0 21353 0 322378 0 0 0 JODI GREENMEIER CPO 192107 0 55901 0 8441 0 21782 0 22440 0 300671 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LANDMARK CREDIT UNION IS COOPERATIVELY OWNED BY ITS APPROXIMATELY 364,792 MEMBERS. OWNERSHIP IS ACQUIRED THROUGH OPENING A QUALIFYING SHARE (SAVINGS) ACCOUNT, WITH A MINIMUM DEPOSIT OF $5.00. EACH MEMBER IS ENTITLED TO AN EQUAL VOTE IN MATTERS IN WHICH THE CREDIT UNION'S BYLAWS EMPOWER MEMBER AUTHORIZATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS TO REPRESENT THEIR COOPERATIVE INTERESTES. DIRECTORS ARE ELECTED FOR THREE-YEAR TERMS, AND MUST STAND FOR ELECTION AT A MEETING OF THE MEMBERSHIP UPON EXPIRATION OF THEIR RESPECTIVE TERMS. FORM 990, PART VI, SECTION A, LINE 7B AT ANY MEETING OF THE MEMBERSHIPS, A MAJORITY OF THE MEMBERS PRESENT MAY DIRECT THE BOARD OF DIRECTORS TO: A.) CONSIDER IMPLEMENTING ANY POLICY PROPOSED BY THE MEMBERS; B.) RECONSIDER ANY DECISION OF THE DIRECTORS, OFFICERS OR COMMITTEES; C.) BY A THREE-FOURTHS VOTE REMOVE ANY DIRECTOR, AND; D.) BY A THREE-FOURTHS VOTE AMEND THE EXISTING BYLAWS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CEO AND CFO FOR ACCURACY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OATH OF OFFICE IS SIGNED ANNUALLY, ANY ITEM OF VALUE OVER $250 GIVEN TO AN ASSOCIATE MUST BE REPORTED, JUSTIFIED, AND APPROVED BY THE PRESIDENT. ALL ASSOCIATES ARE COVERED. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES RECEIVE AN ANNUAL PERFORMANCE EVALUATION AT WHICH TIME COMPENSATION FOR THE NEXT YEAR IS DETERMINED. THERE IS A COMPENSATION COMMITTEE OF THE BOARD THAT ACTS ON THE PRESIDENT'S REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC FORM 990, PART XI, LINE 9: CHANGE IN OCI -5,757,353. ROUNDING FORM 990, PART XII, LINE 2C: NO CHANGE IN PROCESS SINCE PRIOR YEAR. LANDMARK FINANCIAL SERVICES INC 2775 S MOORLAND ROAD STE 301 NEW BERLIN WI 53151 391607208 DORMANT CORPORATION WI 300 LANDMARK CREDIT UNION