2021-06-01T13:25:15-05:00 2020-12-31 390912608 HAWKINS ASH CPAS LLP 520 N BROADWAY SUITE 250 GREEN BAY WI 54303 990 2020-01-01 390906277 SUPERIOR CHOICE CREDIT UNION SUPE 8005694167 1320 GRAND AVENUE SUPERIOR WI 54880 BEN ALTONEN EVP/CHIEF FINANCIAL OFFICER 7153925616 2021-05-12 1 BEN ALTONEN 999009999 JEFFREY DANEN P01236582 9203369850 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z TIM FOSTER 1320 GRAND AVENUE SUPERIOR WI 54880 23730133 0 X WWW.SUPERIORCHOICE.COM X 1932 WI A NOT-FOR-PROFIT MEMBER-OWNED FINANCIAL INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS. 7 7 177 7 28094 0 0 0 24649708 22820028 1268880 803716 92707 106389 26011295 23730133 7750 0 0 0 8586825 7569232 0 0 0 12354976 11069190 20949551 18638422 5061744 5091711 492403882 546658124 438438071 486731562 53965811 59926562 A NOT-FOR-PROFIT MEMBER-OWNED FINANCIAL INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS. OPERATIONS ARE PRIMARILY RELATED TO HOLDING DEPOSITS FOR AND MAKING LOANS TO MEMBERS. 0 0 FINANCIAL SERVICE PROVIDER TO INCLUDE LOANS, DEPOSITS, AND TRANSACTIONAL SERVICES TO ALL MEMBERS. 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 656 0 1 177 0 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X TIM FOSTER 7153925616 1320 GRAND AVENUE SUPERIOR WI 54880 WILLIAM ANDERSON EXCEUTIVE VICE CHAIR 1.00 X X 7550 0 0 JAMES LARSON VICE CHAIR - AUDIT 1.00 X 4800 0 0 GREG RUNNING VICE CHAIR - ALCO 1.00 X 4800 0 0 MARK CASPER CHAIRMAN OF THE BOARD 1.00 X X 8250 0 0 PAUL GILBERTSON TREASURER 1.00 X X 6000 0 0 PAMELA TAFALSKI VICE CHAIR - LOAN 1.00 X 6000 0 0 CHARLIE GLAZMAN VICE CHAIR - PERSONNEL 1.00 X 4800 0 0 GARY ELLIOTT PRESIDENT/CEO 40.00 X 365628 0 133209 BENJAMIN ALTONEN EVP/CHIEF FINANCIAL OFFICE 40.00 X 261733 0 29882 JOEL BRAUN EVP/CHIEF LENDING OFFICER 40.00 X 288687 0 12523 DAVID STRUM VP COMMERCIAL SALES 40.00 X 163123 0 22891 KEVIN GUNDERSON VP BRANCH LEADERSHIP 40.00 X 133389 0 17087 DONNA BERGUM AVP HUMAN RESOURCE DIRECTOR 40.00 X 111487 0 13503 MICHAEL WELCH VP COMMERCIAL SALES 40.00 X 104123 0 19048 1470370 0 248143 7 0 1 0 FISERV PO BOX 934057 ATLANTA GA 31193 SOFTWARE AND COMPUTER PROCESSING 672070 OUT THERE ADVERTISING 22 E 2ND ST DULUTH MN 55802 ADVERTISING, CONSULTING, AND MEDIA PACKA 497664 PSCU 560 CARILLION PKWY ST PETERSBURG FL 33716 DEBIT CARDS AND SUPPORT SERVICES 466904 CW TECHNOLOGY 5614 GRAND AVE DULUTH MN 55802 IT SUPPORT SERVICES 282620 NUSOURCE 9749 HAMILTON ROAD EDEN PRAIRIE MN 55344 HARDWARE AND MAINTENANCE SERVICES 183920 10 INTEREST ON LOANS 522100 17802435 17802435 FEE INCOME 522100 3307695 3290400 17295 INTERCHANGE FEES 522100 1245554 1245554 OTHER OPERATING REVENUE 522100 313728 313728 INSURANCE SALES & COMMISSIONS 524298 150616 139817 10799 22820028 695521 695521 75512 0 75512 75512 75512 59608 48587 0 0 59608 48587 108195 48587 59608 NON-OPERATING INCOME 522100 30877 30877 30877 23730133 22946910 28094 755129 1470370 4578529 560848 484986 474499 63950 1620 455368 707976 2139149 275911 711602 147130 1058980 751345 73319 DIVS ON SHARES 2771786 OTHER EXPENSES 867315 LOAN ORIGINATION & SERV 522774 PROVISION FOR BAD DEBT 325224 195741 18638422 5328152 5447319 51586568 97728739 395272 461099 387408121 386902431 1310215 1487593 21232984 11668503 10152394 9564481 15382621 23860918 2343569 2192962 5744587 5555736 12752383 13456846 492403882 546658124 2271200 1903236 34000000 38000000 402166871 446828326 438438071 486731562 X 0 0 33328000 34540000 20637811 25386562 53965811 59926562 492403882 546658124 X 5091711 480820 388220 X 0 1 X 1 0 1 1362949 1294912 1278199 1379662 0 2236438 2236438 11080847 4727571 6353276 7915699 6940932 974767 9564481 SHARES 446828326 446828326 X 23730133 0 23730133 0 23730133 18638422 0 18638422 0 18638422 PART IV, LINE 2B: THE CREDIT UNION SERVICES MORTGAGE LOANS ON BEHALF OF FREDDIE MAC. FUNDS ARE HELD IN ESCROW TO PAY TAXES AND INSURANCE ON BEHALF OF MORTGAGE LOAN MEMBERS. PART X, LINE 2: GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CREDIT UNION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE CREDIT UNION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CREDIT UNION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2020 AND 2019, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CREDIT UNION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE CREDIT UNION WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. 1 NORTHWEST WISCONSIN COMMUNITY SERVICES AGENCY INC - FOOD PANTRY 1118 TOWER AVENUE SUPERIOR WI 54880 391091469 501(C)(3) 7750 DONATION FOR FOOD PANTRY TO HELP LOCAL RESIDENTS X 1 1 X X X X X X 0 0 0 GARY ELLIOTT PRESIDENT/CEO 347383 0 12701 0 5544 0 121310 0 11899 0 498837 0 0 0 JOEL BRAUN EVP/CHIEF LENDING OFFICER 210189 0 77994 0 504 0 12078 0 445 0 301210 0 0 0 BENJAMIN ALTONEN EVP/CHIEF FINANCIAL OFFICE 202840 0 58465 0 428 0 13839 0 16043 0 291615 0 0 0 DAVID STRUM VP COMMERCIAL SALES 122662 0 40233 0 228 0 6985 0 15906 0 186014 0 0 0 KEVIN GUNDERSON VP BRANCH LEADERSHIP 121559 0 11507 0 323 0 6383 0 10704 0 150476 0 0 0 PART I, LINE 1A EXPLANATION: TRAVEL FOR COMPANIONS WAS AVAILABLE FOR EDUCATIONAL EVENTS, LEAGUE CONVENTIONS, CHAPTER EVENTS, AND STRATEGIC PLANNING OFF SITE RETREATS. PART I, LINE 4 SIX KEY EMPLOYEES PARTICIPATED IN A DEFERRED COMPENSATION PLAN DURING 2019. AS OF 12/31/19, THE BALANCE OF THESE DEFERRED COMPENSATION AGREEMENTS WAS APPROXIMATELY $268,000. THERE WERE NO DISBURSEMENTS FROM THE PLAN IN 2019. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE PRESIDENT AND CFO AND PRESENTED TO THE BOARD OF DIRECTORS AT THEIR MONTHLY MEETING IMMEDIATELY FOLLOWING THE SUBMISSION OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURES OF FAMILY AND BUSINESS RELATIONSHIPS IS REQUIRED FROM ALL INSIDERS. INTERNAL AND EXTERNAL AUDITS OF THESE RELATIONSHIPS ARE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15 MANAGEMENT AND STAFF SALARIES, OTHER THAN THE PRESIDENT, ARE ADMINISTERED THROUGH THE USE OF THE COMPANIES SALARY ADMINISTRATION PROGRAM. THE SYSTEM PROVIDES A STRUCTURED APPROACH TO SALARY GRADING AND COMPARABLE SALARIES FOR ALL POSITIONS ON STAFF. ALL SALARY ADJUSTMENTS ARE MADE ACCORDING TO BOARD APPROVED MATRICES WITH FINAL REVIEW AND APPROVAL BY THE PRESIDENT. THE PRESIDENT'S SALARY AND ANNUAL ADJUSTMENT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND POLICIES OF THE CREDIT UNION ARE AVAILABLE UPON WRITTEN REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FINANCIAL INFORMATION IS POSTED IN THE LOBBY EACH MONTH. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: NET CHANGE IN UNRECOGNIZED PENSION (LOSS) GAIN AND TRANSITION OBLIGATION 388,223. ROUNDING -3.