2021-10-04T10:50:30-07:00 2020-12-31 990 2020-01-01 420670685 DUTRAC COMMUNITY CREDIT UNION DUTR 5635821331 3465 ASBURY ROAD PO BOX 3250 DUBUQUE IA 520043250 DEBRA REIFF CONTROLLER 5635858462 2021-10-04 1 11 0 AAL2 2020 2022-09-23 18:48:47Z ANDREW HAWKINSON 3465 ASBURY RD DUBUQUE IA 520043250 37374509 0 X www.dutrac.org X 1942 IA PROMOTING THRIFT AMONG CREDIT UNION MEMBERS 9 9 188 9 505647 505647 0 0 39423549 35006705 2273692 1789239 655727 578565 42352968 37374509 0 0 0 0 10123392 10961389 0 0 0 20942284 20284125 31065676 31245514 11287292 6128995 755987525 897800981 653890922 788195283 102096603 109605698 PROMOTING THRIFT AMONG MEMBERS 0 0 31245514 0 37374509 GRANTING AFFORDABLE LOANS, PROMOTING SAVINGS AND THRIFT AMONG 48839 MEMBERS. SEE 4A SEE 4A 0 0 0 31245514 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 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 92 0 1 188 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X DEBRA REIFF ASSISTANT CONTROLLER 5635821331 3465 ASBURY ROAD PO BOX 3250 DUBUQUE IA 520043250 ANDREW HAWKINSON PRESIDENT/CEO 45 0 X 461950 0 0 JULIE SOUCINEK SENIOR MORTGAGE LOAN CON 45 0 X 224831 0 0 JASON NORTON SVP - MARKETING 45 0 X 174146 0 0 GREGORY HILL MORTGAGE MANAGER 45 0 X 167891 0 0 RONALD KINSELLA SENIOR VP LENDING 45 0 X 156454 0 0 ANDREW LASSEN SVP - IT 45 0 X 144580 0 0 MICHELLE A ARISS SVP FINANCE 45 0 X 136605 0 0 JEFFREY WALLER COMMERCIAL LENDING MANAGER 45 0 X 129100 0 0 LEE HOERNER SVP - MEMBER SERVICE 45 0 X 125654 0 0 Megan Kelleher-Egan SVP Human Resources 45 0 X 123372 0 0 KIM ADAMS SENIOR VP OPERATIONS 45 0 X 113491 0 0 TRAVIS PHELAN COMMERCIAL LENDER 45 0 X 108825 0 0 DAVID EGGERS CHAIRMAN 4 0 X 1074 0 0 SUSAN KERN SECRETARY 2 0 X 945 0 0 HARLAN PEDRETTI DIRECTOR 2 0 X 0 0 0 DANIEL DEUTMEYER VICE-CHAIRMAN 2.00 0 X 0 0 0 MICHAEL READY DIRECTOR 2 0 X 0 0 0 SCOTT NEYENS DIRECTOR 2 0 X 0 0 0 JOHN VAIL CFO/TREASURER 3 0 X 0 0 0 KEVIN MUELLER DIRECTOR 2 0 X 0 0 0 NICHOLAS SPECHT DIRECTOR 2 0 X 0 0 0 2068918 0 0 12 0 1 0 FISERV 75 REMITTANCE DR SUITE 6962 CHICAGO IL 606756962 COMPUTER TECHNOLOGY 1691828 TOWN SQUARE MEDIA 27142 NETWORK PLACE CHICAGO IL 606731271 ADVERTISING 278223 ACCESS SOFTEK INC 727 ALLSTON WAY SUITE C BERKELEY CA 94710 SOFTWARE SERVICE PROVIDER 275000 CENTURY LINK BUSINESS SERVICES PO BOX 91154 SEATTLE WA 981119254 TELEPHONE SERVICE PROVIDER 264758 MCGRATH BUICK GMC 1040 N CENTER POINT RD HIAWATHA IA 522331200 FINANCE CONTRACTS 170950 19 0 0 0 0 0 0 0 0 LOANS TO MEMBERS 522130 28048352 28048352 0 0 FEES AND INCOME 522130 6958353 6958353 0 0 0 0 0 0 35006705 1619913 1619913 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 177835 -8509 0 0 177835 -8509 169326 169326 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DUTRAC FINANCIAL GROUP 523999 408565 0 408565 0 FIRST COMMUNITY TRUST 523999 47513 0 47513 0 ATM SURCHARGES TO NON-MEMBER 522130 49569 0 49569 0 72918 72918 0 0 578565 37374509 36868862 505647 0 X 0 0 0 0 0 0 0 0 2066901 2066901 0 0 0 0 0 0 6750448 6750448 0 0 332854 332854 0 0 1258289 1258289 0 0 552897 552897 0 0 93300 93300 0 0 154736 154736 0 0 64791 64791 0 0 0 0 0 0 0 0 0 0 0 0 1123285 1123285 0 0 1521167 1521167 0 0 3636709 3636709 0 0 0 0 0 0 0 0 0 0 1814579 1814579 0 0 66486 66486 0 0 0 0 0 0 0 0 0 0 0 0 0 60122 60122 0 0 0 0 0 0 0 0 0 0 LOAN SERVICING EXP/PROVISION FOR LOAN LOSS 3577378 3577378 0 0 COST OF FUNDS 6454634 6454634 0 0 UBIT TAX 16315 16315 0 0 MISCELLANEOUS EXPENSE 1700623 1700623 0 0 0 0 0 0 31245514 31245514 0 0 8153004 10000755 1789910 2005617 2753723 2601250 0 0 621881586 651491181 0 0 1763754 2118888 28518287 17168508 12413774 11349779 90548811 200416213 0 0 0 16682963 17817298 755987525 897800981 6780449 5721402 0 0 0 0 0 0 0 0 0 0 0 0 0 0 647110473 782473881 653890922 788195283 X 0 0 49476916 53357014 52619687 56248684 102096603 109605698 755987525 897800981 6128995 1380100 0 0 0 0 X 0 1 1 0 3349940 0 3349940 17925526 0 11955427 5970099 753367 0 141717 611650 6412462 0 5048267 1364195 76992 0 23097 53895 11349779 0 TOTAL SHARES AND DEPOSITS 782473881 782473881 37374509 0 0 0 0 0 37374509 0 0 0 37374509 31245514 0 0 0 0 0 31245514 0 0 0 31245514 X X 1 1 X X X X 0 0 0 ANDREW HAWKINSON PRESIDENT/CEO 448414 0 14250 0 9223 0 0 0 -9937 0 461950 0 0 JULIE SOUCINEK SENIOR MORTGAGE LOAN CON 61082 0 168332 0 150 0 0 0 -4732 0 224832 0 JASON NORTON SVP - MARKETING 167872 0 7680 0 1405 0 0 0 -2811 0 174146 0 0 MICHELLE A ARISS SVP FINANCE 137042 0 7896 0 435 0 0 0 -8767 0 136606 0 0 0 RONALD KINSELLA SENIOR VP LENDING 152412 0 8428 0 1247 0 0 0 -5633 0 156454 0 0 0 ANDREW LASSEN SVP - IT 145588 0 7353 0 7647 0 0 0 -8775 0 151813 0 0 0 GREGORY HILL MORTGAGE MANAGER 88382 0 88130 0 217 0 0 0 -8837 0 167892 0 0 0 LEE HOERNER SVP - MEMBER SERVICE 127528 0 7195 0 597 0 0 0 -9666 0 125654 0 0 0 JEFFREY WALLER COMMERCIAL LENDING MANAGER 125753 0 5566 0 531 0 0 0 -2750 0 129100 0 0 0 TRAVIS PHELAN COMMERCIAL LENDER 113769 0 3606 0 203 0 0 0 -8753 0 108825 0 0 0 Megan Kelleher-Egan SVP Human Resources 123960 0 7285 0 517 0 0 0 -8390 0 123372 0 0 0 KIM ADAMS SENIOR VP OPERATIONS 107895 0 6221 0 806 0 0 0 -1431 0 113491 0 0 0 SUSAN KERN SECRETARY 0 0 0 0 945 0 0 0 0 0 945 0 0 0 DAVID EGGERS CHAIRMAN 0 0 0 0 1074 0 0 0 0 0 1074 0 0 0 Schedule J, Part I, Line 1a COUNTRY CLUB DUES FOR PRES/CEO. TRAVEL FOR DIRECTOR'S SPOUSE ANDREW HAWKINSON PRESIDENT/CEO CREDIT UNION LOAN TO MEMBER X 551201 501503 0 1 1 RONALD KINSELLA SVP LENDING CREDIT UNION LOAN TO MEMBER X 207001 151083 0 1 1 LEE HOERNER SVP MEMBER SERVICES CREDIT UNION LOAN TO MEMBER X 88215 43423 0 1 1 MEGAN KELLEHER-EGAN SVP HUMAN RESOURCES CREDIT UNION LOAN TO MEMBER X 65543 46261 0 1 1 ANDREW LASSEN SVP IS CREDIT UNION LOAN TO MEMBER X 374378 362355 0 1 1 KIM ADAMS SVP FACILITIES CREDIT UNION LOAN TO MEMBER X 2 42290 0 1 1 DANIEL DEUTMEYER VICE-CHAIR CREDIT UNION LOAN TO MEMBER X 76875 23307 0 1 1 DAVID EGGERS CHAIRMAN CREDIT UNION LOAN TO MEMBER X 30697 30364 0 1 1 MICHELLE ARISS VP FINANCE CREDIT UNION LOAN TO MEMBER X 223971 224786 0 1 1 SCOTT NEYENS BOARD MEMBER CREDIT UNION LOAN TO MEMBER X 383458 342498 0 1 1 HARLAN PEDRETTI BOARD MEMBER CREDIT UNION LOAN TO MEMBER X 1 35 0 1 1 NICHOLAS SPECHT BOARD MEMBER CREDIT UNION LOAN TO MEMBER X 121000 116381 0 1 1 JOHN VAIL CFO/TREASURER CREDIT UNION LOAN TO MEMBER X 200000 193507 0 1 1 GREGORY HILL MORTGAGE MANAGER CREDIT UNION LOAN TO MEMBER X 80003 239878 0 1 1 TRAVIS PHELAN COMMERCIAL LENDER CREDIT UNION LOAN TO MEMBER X 298775 111132 0 1 1 JULIE SOUCINEK SENIOR MORTGAGE LOAN CONSULTANT CREDIT UNION LOAN TO MEMBER X 215001 172447 0 1 1 2601250 Form 990, Part VI, Section A, Line 6 The Credit Union is owned equally by each of its 48,839 members. There are no stockholders. Form 990, Part VI, Section A, Line 7a The credit Union is owned equally by each of its members and does not have stockholders. However, each member has one vote which they can use to elect Board and Committee Members. Form 990, Part VI, Section A, Line 7b Only in special circumstances such as mergers, the members of the merging credit union would have to approve the unification. Form 990, Part VI, Section B, Line 11b It is reviewed by the CEO, Board Executive Committee, and Controller who prepared the filing. Form 990, Part VI, Section B, Line 12c The credit union has an internal auditor and also a compliance officer to insure the policies are regularly updated and adhered to by all staff regardless of the seniority or position. Form 990, Part VI, Section B, Line 15 The decisions involving the CEO or top executives are usually handled by a special committee (Search Committee in the case of a new hire.) or Board of Directors for regular periodic decisions such as compensation, benefits, and perks. Form 990, Part VI, Section C, Line 19 The accounting records are maintained by the Controller who shares Financial Reports with the CEO/Board. Additionally current Financial Statements are also displayed in the main lobby area of the Main Branch for the benefit of all members. Form 990, Part IX, Line 11g Destruction of Records, IRA Service Fees, ACH Service Fees, Iowa Transfer System, ATM Supplies Expense, Share Draft Expense, EcoPlus Expense, Share Draft Printing Expense, Online Billpayer Expense, and Outside Courier and Security Service.