2021-10-20T12:50:55-05:00 2020-12-31 390758449 WIPFLI LLP PO BOX 8010 WAUSAU WI 544028010 990 2020-01-01 390555293 EDUCATORS CREDIT UNION EDUC 2628865900 1326 WILLOW ROAD MT PLEASANT WI 53177 KURT JOHNSON CFO 2628665900 2021-10-18 1 KURT JOHNSON 999009999 MARY A COATES CPA P00134220 7158453111 2021-10-18 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KURT JOHNSON 1326 WILLOW ROAD MT PLEASANT WI 53177 183769112 0 2157 X WWW.ECU.COM X 1937 WI PASSIONATELY HELP PEOPLE BY EDUCATING AND ADVISING TO EARN THEIR LOYALTY. 13 13 618 13 984112 0 0 0 119304788 135312422 8630830 10722630 448932 654639 128384550 146689691 484905 572157 0 0 34101774 39571963 0 0 0 67742092 67982186 102328771 108126306 26055779 38563385 2128985227 2672077092 1854917325 2349576920 274067902 322500172 OUR GOAL IS TO BE THE BEST CREDIT UNION, NOT THE LARGEST. THIS CAN BE ACHIEVED BY HAVING THE MOST LOYAL MEMBERS THROUGH THEIR USE OF OUR PRODUCTS, SERVICES, TECHNOLOGY, AND WILLINGNESS TO REFER OTHERS TO EDUCATORS CREDIT UNION. 0 0 LENDING - PROVIDE BUSINESS AND CONSUMER LOANS AND LEASES WITH BALANCES OF $1,731,732,050. SAVING - PROVIDE SAVING, CHECKING, CDS, IRAS, AND MONEY MARKET ACCOUNT WITH BALANCES OF $2,317,910,377. WE HAVE OVER 205,000 MEMBERS AND FOCUS ON EDUCATING THEM IN OUR BRANCHES AS WELL AS THROUGH COMMUNITY ACTIVITIES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 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 144601 0 1 618 1 1 1 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 1 1 1 1 1 0 X JAMES JUSTMAN 2628865900 1326 WILLOW RAOD MT PLEASANT WI 53177 MICHAEL MIKKELSON CIO 40.00 X 253427 0 20351 JOE BRAZGEL VP INFORMATION SYSTEMS 40.00 X 163465 0 34836 DALE DREHER INFORMATION SECURITY OFFICER 40.00 X 170173 0 19828 SHANNON HUOT SR VP MARKETING 40.00 X 180805 0 8739 MAGGIE FEAGER SR VP - HUMAN RESOURCES 40.00 X 159508 0 22651 JAMES HENDERSON CAO 40.00 X 199548 0 56970 LINDA HOOVER CEO & PRESIDENT 40.00 X 611559 0 18519 KURT JOHNSON CFO 40.00 X 289260 0 4088 MARY LUENEBURG CHAIRPERSON 1.00 X X 3150 0 0 CHERYL KOTHE VICE CHAIRPERSON 1.00 X X 3550 0 0 BRAD ZAUTCKE TREASURER 1.00 X X 2450 0 0 MILTON DOCKERY SECRETARY 1.00 X X 850 0 0 CLARENCE ALLEN BOARD MEMBER 1.00 X 2600 0 0 JANET DAYS ASSOCIATE BOARD MEMBER 1.00 X 850 0 0 ELTON DEMETI ASSOCIATE BOARD MEMBER 1.00 X 650 0 0 SARAH FIEREK BOARD MEMBER 1.00 X 750 0 0 WILLIAM HALSEY BOARD MEMBER 1.00 X 2450 0 0 DONALD LODGE ASSOCIATE BOARD MEMBER 1.00 X 550 0 0 NANCY MAJEWSKI BOARD MEMBER 1.00 X 2000 0 0 LOGAN MARTIN ASSOCIATE BOARD MEMBER 1.00 X 2100 0 0 PAUL PELZEK BOARD MEMBER 1.00 X 2250 0 0 2051945 0 185982 47 0 1 0 ALKAMI TECHNOLOGY PO BOX 122223 PLANO TX 752672223 ONLINE BANKING PROVIDER 3254896 BUKACEK CONSTRUCTION 2429 SUMMIT AVE RACINE WI 534042156 GENERAL CONSTRUCTION CONTRACTOR 2881796 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 CORE SYSTEM PROVIDER 1532669 IEMENTOR CORP 1017 W GLEN OAKS LN STE 150 MEQUON WI 53082 INFORMATION TECHNOLOGY PROVIDER 1080140 EVERFI INC PO BOX 200034 PITTSBURGH PA 152510034 FINANCIAL LITERACY 954702 68 INTEREST ON LOANS 522100 77973005 77973005 CREDIT CARD INTERCHANGE INCOME 522100 21595860 21390867 204993 INCOME FROM SALE OF LOANS 522100 17982204 17982204 MEMBER SERVICE FEES 522100 10355775 10355775 LOAN FEE INCOME 522100 3818160 3818160 3587418 2864567 722851 135312422 8950607 8950607 144960 17322 127638 127638 127638 33092071 31315605 4443 1776466 -4443 1772023 -4443 1776466 5798319 5742051 56268 56268 470733 470733 470733 146689691 134380135 984112 11325444 572157 1204145 29389007 3486887 3226109 2265815 209710 274324 472334 1741471 4229332 11200661 3197902 142788 1039740 1089264 4283197 376235 PROVISION FOR LOAN LOSS 12211252 DIVIDENDS PAID 11059058 DEBIT AND CREDIT CARD E 8764758 CASH BACK REWARDS 2367972 5322188 108126306 23397511 48638452 27828781 157261467 6428826 7713594 1735776415 1715301246 4588900 4885669 91692804 34285361 47433704 57407443 243252368 615422406 15227901 32645539 25050821 32801276 2128985227 2672077092 31647910 30821076 398036 845468 1822871379 2317910376 1854917325 2349576920 X 0 0 0 0 274067902 322500172 274067902 322500172 2128985227 2672077092 X 38563385 8618552 1250333 X 0 1 X 1 0 0 1 X 16189266 16189266 51361175 21149973 30211202 1558976 940090 618886 22583387 12195298 10388089 57407443 MEMBERS' SHARE AND SAVINGS ACCOUNTS 2317910376 2317910376 146679571 -27442 17322 -10120 146689691 0 146689691 108143628 17322 17322 108126306 0 108126306 PART IV, LINE 2B: THE CREDIT UNION IS THE TRUSTEE OF CERTAIN MEMBERS' ESCROW FUNDS AND HAS FIDUCIARY RESPONSIBILITY FOR THE ADMINISTRATION AND DISTRIBUTION OF THESE FUNDS FOR MEMBERS OF THE ORGANIZATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 17,322. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 17,322. 1 AMERICAN CANCER SOCIETY N19 W24350 RIVERWOOD DR WAUKESHA WI 53188 131788491 ?? 7000 GENERAL SUPPORT AURORA HEALTH CARE FOUNDATION 3075 HIGHLAND PKWY SUITE 600 DOWNERS GROVE IL 60515 390806181 501(C)(3) 100000 GENERAL SUPPORT BOYS AND GIRLS CLUB OF KENOSHA 1330 52ND ST KENOSHA WI 53140 391732935 501(C)(3) 5000 GENERAL SUPPORT COMMON GROUND 1034 E OGDEN AVE MILWAUKEE WI 53202 680480736 501(C)(3) 10000 GENERAL SUPPORT HALO INC 2000 DEKOVEN AVE RACINE WI 53403 202041432 501(C)(3) 10000 GENERAL SUPPORT HISPANIC BUSINESS AND PROFESSIONAL ASSOCIATION PO BOX 081644 RACINE WI 53408 391969011 501(C)(3) 5000 GENERAL SUPPORT JUNIOR ACHIEVEMENT 1111 W LIBERTY DR MILWAUKEE WI 53224 841223492 501(C)(3) 60000 GENERAL SUPPORT KENOSHA HUMAN DEVELOPMENT SERVICES 3526 52ND ST KENOSHA WI 53144 391200678 501(C)(3) 5000 GENERAL SUPPORT LOCAL 212MATC BELIEVE IN STUDENTS FAST FUND 3467 N MURRAY AVE MILWAUKEE WI 53205 830561041 501(C)(3) 5000 GENERAL SUPPORT MARCUS PERFORMING ARTS CENTER 919 N WATER ST MILWAUKEE WI 53202 510532407 501(C)(3) 6000 GENERAL SUPPORT MDA 330 S EXECUTIVE DR SUITE 100A BROOKFIELD WI 53005 131665552 501(C)(3) 5000 GENERAL SUPPORT MILWAUKEE PUBLIC SCHOOLS 2414 W MITCHELL ST MILWAUKEE WI 53204 396003457 GOV'T 80000 GENERAL SUPPORT MPS DRIVE 5225 WEST VLIET ST MILWAUKEE WI 53208 237115408 501(C)(6) 20000 GENERAL SUPPORT RACINE FAMILY YMCA 725 LAKE AVENUE RACINE WI 53403 390807254 501(C)(3) 10000 GENERAL SUPPORT RACINE FINANCIAL EMPOWERMENT CENTER 500 WISCONSIN AVE SUITE 205 RACINE WI 53403 391706658 ?? 20000 GENERAL SUPPORT RACINE HABITAT FOR HUMANITY 1501 VILLA STREET RACINE WI 53403 391616230 501(C)(3) 10000 GENERAL SUPPORT RACINE UNIFIED SCHOOL DISTRICT 3109 MOUNT PLEASANT ST RACINE WI 53404 396031430 GOV'T 30133 GENERAL SUPPORT RACINE ZOOLOGICAL SOCIETY 2131 N MAIN ST RACINE WI 53402 396065035 501(C)(3) 12500 GENERAL SUPPORT UNITED WAY OF GREATER MILWAUKEE PO BOX 88110 MILWAUKEE WI 53288 390806190 501(C)(3) 15162 GENERAL SUPPORT UNITED WAY RACINE COUNTY 2000 DOMANIK DRIVE RACINE WI 53404 390806349 501(C)(3) 39002 GENERAL SUPPORT UW WHITEWATER 800 W MAIN ST WHITEWATER WI 53190 396081189 GOV'T 7500 GENERAL SUPPORT WASHINGTON COUNTY CAMPUS FOUNDATION 400 S UNIVERSITY DR WEST BEND WI 53095 391248660 501(C)(3) 5000 GENERAL SUPPORT WISCONSIN WOMEN'S BUSINESS INITIATIVE CORPORATION 1533 N RIVERCENTER DR MILWAUKEE WI 53212 391597954 501(C)(3) 5000 GENERAL SUPPORT 22 1 PART I, LINE 2: BRANCH MANAGERS HAVE THE ABILITY TO APPROVE GRANTS TO A CERTAIN AMOUNT, AFTER THAT AMOUNT, THE GRANTS WOULD HAVE TO BE APPROVED BY THEIR MANAGER. LARGER GRANTS ARE APPROVED BY SENIOR MANAGEMENT AND ARE CONSIDERED COMMUNITY BENEFIT CONTRIBUTIONS. X X X 0 0 0 MICHAEL MIKKELSON CIO 230249 0 22950 0 228 0 8856 0 11495 0 273778 0 0 0 JOE BRAZGEL VP INFORMATION SYSTEMS 146312 0 16925 0 228 0 2486 0 32350 0 198301 0 0 0 DALE DREHER INFORMATION SECURITY OFFICER 143013 0 23940 0 3220 0 2530 0 17298 0 190001 0 0 0 SHANNON HUOT SR VP MARKETING 161139 0 16299 0 3367 0 2615 0 6124 0 189544 0 0 0 MAGGIE FEAGER SR VP - HUMAN RESOURCES 144598 0 14682 0 228 0 2362 0 20289 0 182159 0 0 0 JAMES HENDERSON CAO 172113 0 17845 0 9590 0 32937 0 24033 0 256518 0 0 0 LINDA HOOVER CEO & PRESIDENT 493469 0 98572 0 19518 0 7125 0 11394 0 630078 0 0 0 KURT JOHNSON CFO 257074 0 25161 0 7025 0 4040 0 48 0 293348 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION CONSISTS OF MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE/SAVINGS ACCOUNT. EACH MEMBER HAS ONE VOTE TO ELECT THE GOVERNING BODY (BOARD OF DIRECTORS). FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP UTILIZING THEIR ONE VOTE PER MEMBER. FORM 990, PART VI, SECTION A, LINE 7B A MERGER IN WHICH EDUCATORS CREDIT UNION WAS NOT THE SURVIVING CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 8B MINUTES ARE NOT TAKEN FOR SUBCOMMITTEES OF THE BOARD, WITH THE EXCEPTION OF THE ALM COMMITTEE AND THE AUDIT COMMITTEE. THE ACTIONS RECOMMENDED BY THE SUBCOMMITTEES ARE PRESENTED TO THE FULL BOARD FOR APPROVAL AND INCLUDED IN THEIR MINUTES. FORM 990, PART VI, SECTION B, LINE 11B INFORMATION IS GATHERED BY THE CONTROLLER AND THE HUMAN RESOURCES MANAGER. THE FORM 990 IS REVIEWED BY THE CFO AND THE CONTROLLER. A COPY OF THE 990 IS PROVIDED TO THE BOARD AFTER SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES ARE REQUIRED ANNUALLY TO SIGN THE OATH OF OFFICE AND REPORT ANY CONFLICTS OF INTEREST. THE ORGANIZATION ENCOURAGES EMPLOYEES TO DISCUSS POTENTIAL CONFLICTS WITH THEIR MANAGER, HUMAN RESOURCES, INTERNAL AUDIT, OR BY REPORTING TO OUR ANONYMOUS FRAUD LINE. ALL REPORTS ARE INVESTIGATED AND ADDRESSED AS NECESSARY. EMPLOYEE AND BOARD MEMBER ACCOUNTS ARE PERIODICALLY REVIEWED FOR ANY IRREGULARITIES THAT WOULD POINT TO A VIOLATION OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION OBTAINS ANNUAL SALARY DATA FROM A THIRD PARTY VENDOR. THE BUDGETING PROCESS AND BOARD APPROVE PERCENTAGE INCREASE FOR OVERALL SALARY INCREASES. ANNUAL INCREASES ARE GIVEN BASED ON SALARY RANGE, POSITION IN RANGE, PERFORMANCE, LENGTH OF EMPLOYMENT, TIME IN POSITION, AND THE BOARD APPROVED AVERAGE PERCENTAGE INCREASE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY IN MERGER 7,482. ECU FINANCIAL SERVICES INC TRANSACTION 1,270,293. MARKET ADJUSTMENT ON FORECLOSED ASSETS -27,442.