2022-11-15T14:10:29-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2021-01-01 390263945 CONNEXUS CREDIT UNION CONN 7158474700 1 CORPORATE DR STE 700 WAUSAU WI 54401 BOYD GUSTKE CEO/PRESIDENT 7158474700 2022-11-14 1 BOYD GUSTKE 999009999 TANYA MEDGAARDEN P01717240 5074347000 2022-11-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z BOYD GUSTKE 1 CORPORATE DR STE 700 WAUSAU WI 54401 275883646 0 X CONNEXUSCU.ORG X CU 1935 WI ENCOURAGE THRIFT AND SELF RELIANCE AMONG MEMBERS BY PROVIDING DEPOSIT AND LENDING PRODUCTS AT COMPETITIVE TERMS IN ORDER TO IMPROVE SOCIAL CONDITIONS OF THE MEMBERSHIP. 9 7 591 9 4315528 0 0 0 227893570 268103874 1242919 7507078 4051 -27210 229140540 275583742 0 0 51862176 50876039 39009212 43601509 0 0 0 85699524 106048591 176570912 200526139 52569628 75057603 3243296233 3884444446 2923620549 3488586700 319675684 395857746 TO BE A NATIONALLY RELEVANT, TRUSTED CREDIT UNION PROVIDING EXCEPTIONAL EXPERIENCES AND FOSTERING PROSPERITY FOR THOSE WE SERVE. 0 0 PROVIDE OUR MEMBERS DEPOSIT SERVICES FOR THEIR FUNDS TO EARN THEM A FAIR RATE OF RETURN PROVIDE OUR MEMBERS LOAN SERVICES AT A FAIR RATE OF INTEREST PROVIDE OUR MEMBERS ACCESS TO CHECK SERVICES AND OTHER FINANCIAL PRODUCTS 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 37049 0 591 1 1 1 0 0 0 0 0 0 0 X 9 7 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X SHEILA POLAK 7156793280 ONE CORPORATE DRIVE STE 700 WAUSAU WI 54401 ALITA LOBNER CHAIRMAN 1.00 X X 11900 0 0 KELSI SEUBERT VICE CHAIR 1.00 X X 10754 0 0 SHANNA YONKE SECRETARY/TREASURER 1.00 X X 9014 0 0 KIM SMITH FORMER VICE CHAIR 1.00 X X 6770 0 0 TODD MCDONALD DIRECTOR 1.00 X 6322 0 0 STEVEN ZEINEMAN DIRECTOR 1.00 X 6322 0 0 RON DINS FORMER CHAIR 1.00 X X 6000 0 0 STEVEN DEREBEY DIRECTOR 1.00 X 6000 0 0 MICHAEL PRESTILEO DIRECTOR 1.00 X 4274 0 0 TOM SEUNTJENS DIRECTOR 1.00 X 3000 0 0 TIMOTHY MULLOY DIRECTOR 1.00 X 1000 0 0 DARYL R GESSLER CRO 50.00 X 728763 0 44552 BOYD J GUSTKE CEO/PRESIDENT 50.00 X 703552 0 64364 JESSICA HUGGENVIK CHRO 50.00 X 422268 0 60708 CHAD E ROGERS EVP/COO 50.00 X 368181 0 68523 MARY J BURGOYNE CFO 50.00 X 385331 0 50665 ERIC HUSEBY CLO 50.00 X 262460 0 61710 SHEILA POLAK SVP FINANCE 50.00 X 192489 0 57065 CLAIRE MENEY SVP MEMBER EXPERIENCE 50.00 X 181700 0 55381 LAMONT BONHAM SVP ENTERPRISE RISK MANAGE 50.00 X 180549 0 43011 JAMES MCKISSICK VP DIGITAL MARKETING 50.00 X 163471 0 58497 CORY JAEGER VP INFORMATION TECHNOLOGY 50.00 X 164873 0 50595 MICHEAL STUELAND VP COMPLIANCE & CORPORATE COUNSEL 50.00 X 143901 0 45138 3968894 0 660209 24 0 1 0 GHIDORZI CONSTRUCTION 2100 STEWARD AVE SUITE 300 WAUSAU WI 54401 REMODELING BRANCH 2503825 ALKAMI TECHNOLOGY INC DEP 2223 PO BOX 122223 DALLAS TX 753122223 DIGITAL BANKING 1323358 CDW DIRECT PO BOX 75723 CHICAGO IL 60675 HARDWARE/SOFTWARE 1169720 XPRESS DATA INC 10983 VIA FRONTERA SAN DIEGO CA 92127 STATEMENT PROCESSING 986617 FISERV INC PO BOX 300016 DULUTH GA 30096 CORE AND DEBIT CARD PROCESSING 957214 47 INTEREST INCOME ON LOANS 522100 236230183 236230183 OTHER INCOME 522100 27652328 23346993 4305335 FEE INCOME 522100 4221363 4211170 10193 268103874 814384 814384 6799955 192643 0 299904 6799955 -107261 6692694 6692694 OTHER NON-OPERATING INCOME 522100 -27210 -27210 -27210 275583742 263761136 4315528 7507078 50876039 3541987 27427671 2050948 8202189 2378714 1136687 151086 11913 6157586 974326 3308280 3234770 309969 1977269 LOAN SERVICING 62293581 PROVISION FOR LOAN LOSS 18160138 OTHER EXPENSES 8086936 OPERATING FEES 246050 200526139 267832486 345359844 1218000 485000 22838857 23500934 2796229565 3380104624 4033602 4220291 25677170 12809490 10239791 12867680 3508879 3500000 9881333 16776390 8645413 7711710 118868307 89917973 3243296233 3884444446 31762720 32918449 538909 2891318920 3455668251 2923620549 3488586700 X 0 0 0 0 319675684 395857746 319675684 395857746 3243296233 3884444446 X 75057603 -26 1124485 X X 0 1 X 1 0 2334383 2334383 9980619 3555739 6424880 3340950 1404616 1936334 10021218 7849135 2172083 12867680 REGULAR SHARE ACCOUNTS 431153001 MONEY MARKET ACCOUNTS 712434158 SHARE DRAFT ACCOUNTS 346530666 IRA SHARE ACCOUNTS 69633587 SHARE AND IRA CERTIFICATES 1895916839 3455668251 X 275718213 0 275718213 -134471 -134471 275583742 200660610 0 200660610 -134471 -134471 200526139 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER 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 AND HAS A NET OPERATING LOSS CARRYFORWARD. 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 CONSOLIDATED 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. THE INCOME FROM THE CUSO, ORGANIZED AS AN LLC, FLOWS THROUGH TO THE CREDIT UNION. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS -107,261. NON-OP EXPENSE -27,210. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS -107,261. NON-OP EXPENSE -27,210. X 1 1 X X X X X X 1 1 0 DARYL R GESSLER CRO 229478 0 57021 0 442264 0 21206 0 23346 0 773315 0 0 0 BOYD J GUSTKE CEO/PRESIDENT 578442 0 120778 0 4332 0 28800 0 35564 0 767916 0 0 0 JESSICA HUGGENVIK CHRO 188351 0 45000 0 188917 0 26312 0 34396 0 482976 0 0 0 CHAD E ROGERS EVP/COO 310221 0 56250 0 1710 0 28171 0 40352 0 436704 0 0 0 MARY J BURGOYNE CFO 292314 0 53625 0 39392 0 23655 0 27010 0 435996 0 0 0 ERIC HUSEBY CLO 215986 0 40031 0 6443 0 23419 0 38291 0 324170 0 0 0 SHEILA POLAK SVP FINANCE 168643 0 22908 0 938 0 18927 0 38138 0 249554 0 0 0 CLAIRE MENEY SVP MEMBER EXPERIENCE 160220 0 20625 0 855 0 17276 0 38105 0 237081 0 0 0 LAMONT BONHAM SVP ENTERPRISE RISK MANAGE 157454 0 21354 0 1741 0 16848 0 26163 0 223560 0 0 0 JAMES MCKISSICK VP DIGITAL MARKETING 144366 0 16763 0 2342 0 16695 0 41802 0 221968 0 0 0 CORY JAEGER VP INFORMATION TECHNOLOGY 147193 0 16635 0 1045 0 16696 0 33899 0 215468 0 0 0 MICHEAL STUELAND VP COMPLIANCE & CORPORATE COUNSEL 134338 0 9000 0 563 0 11322 0 33816 0 189039 0 0 0 PART I, LINES 4A-B JESSICA HUGGENVIK - SEVERANCE PAYMENT - $156,092 ADAM DYKMAN - SEVERANCE PAYMENT - $98,358 BOYD GUSTKE - NONQUALIFIED PLAN - PARTICIPATED, NO DISTRIBUTIONS DARYL GESSLER - NON-QUALIFIED PLAN - PARTICIPATED, 2021 DISTRIBUTIONS OF $60,787 CHAD ROGERS - NON-QUALIFIED PLAN - PARTICIPATED, NO DISTRIBUTIONS DOUGLAS YOUNG FORMER CEO/PRESIDENT SPLIT DOLLAR X 5080241 5370020 0 1 1 J DAVID CHRISTENSON FORMER CEO/PRESIDENT SPLIT DOLLAR X 6300000 6401215 0 1 1 BOYD GUSTKE CEO/PRESIDENT SPLIT DOLLAR X 9729000 9945262 0 1 1 CHAD ROGERS EVP/COO SPLIT DOLLAR X 1700000 1784437 0 1 1 23500934 FORM 990, PART VI, SECTION A, LINE 2 MARY BURGOYNE (CFO) AND JESSICA HUGGENVIK (CHRO) ARE MOTHER AND DAUGHTER. FORM 990, PART VI, SECTION A, LINE 6 CONNEXUS CREDIT UNION IS OWNED AND OPERATED BY ITS MEMBERS. A MEMBER MUST MEET FIELD OF MEMBERSHIP RESTRICTIONS AND DEPOSIT AT LEAST FIVE DOLLARS IN THEIR SHARE ACCOUNT. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS WOULD NEED TO APPROVE CERTAIN DECISIONS SUCH AS NAME CHANGE OR MERGER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND THEN REVIEWED INTERNALLY PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C NOTICES ARE SENT TO ALL EMPLOYEES AND DIRECTORS REQUESTING INFORMATION ON ALL POSSIBLE CONFLICTS OF INTEREST THAT MAY EXIST. IN ADDITION, EACH EMPLOYEE MUST REVIEW A PRESENTATION ON CONFLICTS OF INTEREST SO THEY UNDERSTAND THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 FORM 990 PART VI LINE 15A: CONNEXUS OBTAINS A SALARY SURVEY BASED ON JOB DUTIES AND GEOGRAPHIC LOCATION, BROKEN DOWN BY ASSET SIZE AND EMPLOYEE COUNTS, ALONG WITH INDUSTRY SPECIFIC SALARY STUDIES. CONNEXUS MESHES ALL OF THIS INFORMATION WITH JOB PERFORMANCE AND GOAL ACHIEVEMENT TO OBTAIN A POTENTIAL SALARY INCREASE RANGE FOR THAT POSITION GRADE LEVEL. THIS INFORMATION IS REVIEWED BY THE BOARD'S EXECUTIVE COMMITTEE AND THE COMPENSATION DEPARTMENT FOR APPROVAL. ANY SALARY CHANGES THAT EXCEED ESTABLISHED RANGES FOR A PARTICULAR GRADE LEVEL NEED FURTHER APPROVAL. FORM 990 VI, LINE 15B: CONNEXUS OBTAINS A SALARY SURVEY BASED ON JOB DUTIES AND GEOGRAPHIC LOCATION, ALONG WITH INDUSTRY SPECIFIC SALARY STUDIES. CONNEXUS MESHES ALL OF THIS INFORMATION WITH JOB PERFORMANCE AND GOAL ACHIEVEMENT TO OBTAIN A POTENTIAL SALARY INCREASE RANGE FOR THAT POSITION GRADE LEVEL. THIS INFORMATION IS REVIEWED BY THE CEO AND THE COMPENSATION DEPARTMENT FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE LOBBIES OF THE ORGANIZATION AND PROVIDED IN THE ANNUAL REPORTS AND ANNUAL MEETING. FINANCIAL INFORMATION IS ALSO PROVIDED TO OUR FEDERAL REGULATOR, NCUA, WHO POSTS THIS INFORMATION ON THE NCUA WEBSITE FOR PUBLIC VIEWING. OTHER DOCUMENTS SUCH AS HMDA, CONFLICT OF INTEREST, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST, SOME OF WHICH ARE MAINTAINED BY THE WISCONSIN OFFICE OF CREDIT UNIONS. FORM 990, PART XI, LINE 9: SALE OF SUBSIDIARY 1,124,485. FORM 990 PART XII LINE 2C PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FINANCIAL INSTITUTION LENDING OPTIONS LLC 550 BAY VIEW ROAD SUITE A MUKWONAGO WI 53149 870771221 LOAN ORIGINATOR WI 1646659 16328044 CONNEXUS CREDIT UNION SQU INSURANCE AGENCY 2600 PINE RIDGE BLVD WAUSAU WI 54401 842640872 PERSONAL INSURANCE WI 0 6397 CONNEXUS CREDIT UNION GLORON INSURNACE GROUP LLC 2600 PINERIDGE BLVD WAUSAU WI 54401 842640872 PERSONAL INSURANCE WI CONNEXUS CREDIT UNION -22982 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0