2021-05-06T07:31:35-05:00 2020-12-31 390758449 WIPFLI LLP PO BOX 8010 WAUSAU WI 544028010 990 2020-01-01 396062826 MEMBERS ADVANTAGE CREDIT UNION MEMB 7154211610 PO BOX 1208 WISCONSIN RAPIDS WI 544951208 TAMMY SCHWEBACH-ERDMAN CFO 7154211610 2021-05-05 1 TAMMY SCHWEBACH-ERDMAN XXX-XX-XXXX MARY A COATES CPA P00134220 7158453111 2021-05-05 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z THOMAS BULIN PO BOX 1208 WISCONSIN RAPIDS WI 544951208 7562804 0 2157 X WWW.MEMBERSADVANTAGECU.COM X 1932 WI A MEMBER-OWNED FINANCIAL ORGANIZATION DEDICATED TO: MEETING THE CHANGING NEEDS OF MEMBERS IN FRIENDLY & PROFESSIONAL MANNER; PROVIDING A VARIETY OF COMPETITIVELY PRICED FINANCIAL PRODUCTS & FINANCIAL PRODUCTS & SERVICES; & MAINTAINING THE CREDIT UNION'S LONG-TERM STABILITY. 9 9 43 0 2008 0 0 0 6884724 7379052 202384 183752 0 0 7087108 7562804 1250 39420 0 0 2461163 2693836 0 0 0 2901681 3017066 5364094 5750322 1723014 1812482 122415246 145968452 99855735 121596459 22559511 24371993 X A MEMBER-OWNED FINANCIAL ORGANIZATION DEDICATED TO: MEETING THE CHANGING NEEDS OF MEMBERS IN FRIENDLY & PROFESSIONAL MANNER; PROVIDING A VARIETY OF COMPETITIVELY PRICED FINANCIAL PRODUCTS & FINANCIAL PRODUCTS & SERVICES; & MAINTAINING THE CREDIT UNION'S LONG-TERM STABILITY. 0 0 WE FUNDED 1,346 LOANS DURING 2020. AS OF 12/31/20, WE HAD $42,105,699 IN MORTGAGES/HOME EQUITY LINES, $42,105,699 IN CONSUMER LOANS AND $12,230,987,059 IN MEMBER BUSINESS LOANS. WE ALSO HAD 1,607 CREDIT CARD ACCOUNTS WITH OUR MEMBERS. WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 12,100 MEMBERS AT 12/31/20. DURING 2020, WE OPENED 1,078 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 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 3713 0 1 43 1 1 1 0 0 0 0 0 0 0 X 9 9 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X TAMMY SCHWEBACH-ERDMAN CFO 7154211610 PO BOX 1208 WISCONSIN RAPIDS WI 544951208 HAYLEY MARSCHKE MORTGAGE ORIGINATOR 40.00 X 208426 0 31365 THOMAS BULIN CEO 40.00 X 265562 0 67575 SCOTT VANDEHEY EVP 40.00 X 150183 0 49793 TAMMY SCHWEBACH-ERDMAN CFO 40.00 X 148702 0 42959 THOMAS SCHARFF CHAIR 1.00 X X 0 0 0 GARY PHILLIPS VICE-CHAIR 1.00 X X 0 0 0 RONALD SCHWANZ TREASURER 1.00 X X 0 0 0 LEANNE PEARSON SECRETARY 1.00 X X 0 0 0 JOE BREDL DIRECTOR 1.00 X 0 0 0 DONNA RASMUSSEN DIRECTOR 1.00 X 0 0 0 MARY ELLEN SCHARFF DIRECTOR 1.00 X 0 0 0 JACK UTTERMARK DIRECTOR 1.00 X 0 0 0 RICH WATER DIRECTOR 1.00 X 0 0 0 772873 0 191692 4 0 1 0 STRATA DEFENSE 8400 HIGHLAND DR WAUSAU WI 54401 IT/COMPUTERS 145866 1 INTEREST ON LOANS 522100 4606873 4606873 MEMBER FEE INCOME 522100 2772179 2770171 2008 7379052 173253 173253 10499 0 10499 10499 10499 7562804 7377044 2008 183752 39420 724774 1419358 44823 384726 120155 26532 11052 24041 211244 175739 180959 7891 52706 50 325534 43002 DIVIDENDS ON MEMBER SHA 735651 LOAN & CLOSING COSTS 444821 DEBIT CARD EXPENSES 356045 PROVISION FOR LOAN LOSS 181000 240799 5750322 1658821 1443719 2261736 19858078 251789 234759 95813079 90929819 136212 118307 6349193 1817342 4657457 4531851 11334708 22241486 6301444 6610433 122415246 145968452 2484555 2943400 97371180 118653059 99855735 121596459 X 0 0 0 0 22559511 24371993 22559511 24371993 122415246 145968452 1812482 0 X 0 0 0 905598 905598 3875326 983288 2892038 1119478 662977 456501 448791 171077 277714 4531851 DEPOSIT IN COMMERCIAL BANKS 3224000 C LOANS TO AND INVESTMENTS IN NATURAL PERSON CREDIT UNIONS 2480000 C NONPERPETUAL CAPITAL ACCOUNT 700114 C PERPETUAL CONTRIBUTED CAPITAL 218000 C ALL OTHER INVESTMENTS IN CORPORATE CREDIT UNIONS 12950000 C ALL OTHER INVESTMENTS 158800 C LOANS HELD FOR SALE 2510572 C 22241486 MEMBER SHARES & DEPOSITS 118653059 118653059 1 PORTAGE COUNTY HHS ADMINISTRATORS 1516 CHURCH ST STEVENS POINT WI 54481 396005731 GOV'T 7500 PROGRAM ASSISTANCE WOOD COUNTY HUMAN SERVICES 111 WEST JACKSON ST WISCONSIN RAPIDS WI 54495 396005763 GOV'T 7500 PROGRAM ASSISTANCE 2 0 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANTS THROUGH CONVERSATIONS, THROUGH INDIVIDUALS TALKING IN THE COMMUNITY OR STOPPING BY THE ORGANIZATION. X X X 0 1 0 HAYLEY MARSCHKE MORTGAGE ORIGINATOR 29111 0 179315 0 0 0 2250 0 29115 0 239791 0 0 0 THOMAS BULIN CEO 209080 0 47591 0 8891 0 22474 0 45101 0 333137 0 0 0 SCOTT VANDEHEY EVP 126328 0 23855 0 0 0 8221 0 41572 0 199976 0 0 0 TAMMY SCHWEBACH-ERDMAN CFO 125302 0 23400 0 0 0 8064 0 34895 0 191661 0 0 0 PART I, LINE 4B THOMAS BULIN PARTICIPATES IN A 457F PLAN WITH THE CREDIT UNION. IN 2020 THE ORGANIZATION DEFERRED $8,603 TO HIS 457F PLAN. FORM 990, PART VI, SECTION A, LINE 2 THE BOARD CHAIR, THOMAS SCHARFF, AND A BOARD DIRECTOR, MARY ELLEN SCHARFF, ARE BROTHER AND SISTER. 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 IS ELECTED BY THE MEMBERSHIP UTILIZING THEIR ONE VOTE PER MEMBER. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER HAS ONE VOTE TO UTILIZE IN RATIFYING SIGNIFICANT DECISIONS BEYOND THE AUTHORITY OF THE BOARD AS OUTLINED IN THE ORGANIZATION'S BYLAWS. ANY DECISIONS TO DISSOLVE OR MERGE THE ORGANIZATION REQUIRES APPROVAL OF MEMBERSHIP, UNLESS MANDATED BY REGULATORY AGENCY (I.E., NCUA, WISCONSIN OFFICE OF CREDIT UNION). FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED BY THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NO DIRECTOR, OFFICER, COMMITTEE MEMBER, AGENT OR EMPLOYEE OF THIS CREDIT UNION SHALL IN ANY MANNER, DIRECTLY OR INDIRECTLY, PARTICIPATE IN THE DELIBERATION UPON OR THE DETERMINATION OF ANY QUESTION AFFECTING HIS OR HER PECUNIARY OR PERSONAL INTEREST OR THE PECUNIARY INTEREST OF ANY ORGANIZATION OR ASSOCIATION IN WHICH THE PERSON IS DIRECTLY OR INDIRECTLY INTERESTED. IN THE EVENT OF DISQUALIFICATION OF ANY DIRECTOR OR MEMBER OF THE CREDIT COMMITTEE RESPECTING ANY MATTER PRESENTED O THE BOARD OR CREDIT COMMITTEE FOR DELIBERATION OR DETERMINATION, SUCH DIRECTOR OR COMMITTEE MEMBER SHALL WITHDRAW FROM THE DELIBERATION OR DETERMINATION. IF A DIRECTOR OR CREDIT COMMITTEE MEMBER WITHDRAWS FROM ANY DELIBERATION OR DETERMINATION, THE REMAINING QUALIFIED DIRECTORS OR CREDIT COMMITTEE MEMBERS PRESENT AT THE MEETING MAY EXERCISE ALL POWERS OF THE BOARD OR CREDIT COMMITTEE, PROVIDED THE NUMBER OF DIRECTORS OR CREDIT COMMITTEE MEMBERS PRESENT, INCLUDING THE DISQUALIFIED DIRECTORS OR MEMBERS, CONSTITUTES A QUORUM. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DECIDED BY COMPARATIVE DATA FROM CUES AND THEN IS DETERMINED BY THE BOARD OF DIRECTORS. THE CEO COMPENSATION IS DONE IN A CLOSED SESSION BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST THROUGH THE CFO. FINANCIALS ARE ON THE ORGANIZATION'S WEBSITE, ANNUAL MEETING AND ENTRANCES OF BUILDINGS.