2021-09-24T11:09:00-05:00 2020-12-31 390912608 HAWKINS ASH CPAS LLP 520 N BROADWAY SUITE 250 GREEN BAY WI 54303 990 2020-01-01 390394240 CAPITAL CREDIT UNION CAPI 9204942828 825 MORRIS AVENUE GREEN BAY WI 543044525 LISA HUGUET CFO 9204944541 2021-09-15 1 LISA HUGUET 999009999 JEFFREY DANEN P01236582 9203369850 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z THOMAS YOUNG 825 MORRIS AVENUE GREEN BAY WI 543044525 81895335 0 X WWW.CAPITALCU.COM X 1934 WI CAPITAL CREDIT UNION IS A FULL SERVICE FINANCIAL INSTITUTION THAT OFFERS OUR MEMBERS MULTIPLE LOAN PRODUCTS AS WELL AS SHARE, SHARE DRAFT, CD AND IRA PRODUCTS. IN ADDITION, CAPITAL SERVES MEMBERS BY OFFERING AUTOMATED TELLER MACHINES, DIRECT DEPOSIT, CALL 24 ONLINE BANKING, DEBIT AND CREDIT CARDS, GIFT CARDS, SAFE DEPOSIT BOXES, E-STATEMENTS, BILL PAY AND MANY OTHER SERVICES. CAPITAL SERVES OVER 127,000 MEMBERS IN 12 NORTHEAST WISCONSIN COUNTIES: BROWN, CALUMET, DOOR, KEWAUNEE, MANITOWOC, MARINETTE, MENOMINEE, OCONTO, OUTAGAMIE, SHAWANO, WAUPACA, AND WINNEBAGO. 9 9 515 9 142499 0 0 0 76794279 79148499 4045307 2719592 33594 27244 80873180 81895335 556336 508682 0 0 22316791 24270004 0 0 0 43538358 39507587 66411485 64286273 14461695 17609062 1666548082 1960503159 1463969339 1738696240 202578743 221806919 X A NONPROFIT MEMBER-OWNED THRIFT INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS. CAPITAL CREDIT UNION IS A FULL SERVICE FINANCIAL INSTITUTION THAT OFFERS OUR MEMBERS MULTIPLE LOAN PRODUCTS AS WELL AS SHARE, SHARE DRAFT, CD AND IRA PRODUCTS. IN ADDITION, CAPITAL SERVES MEMBERS BY OFFERING AUTOMATED TELLER MACHINES, DIRECT DEPOSIT, CALL 24 ONLINE BANKING, DEBIT AND CREDIT CARDS, GIFT CARDS, SAFE DEPOSIT BOXES, E-STATEMENTS, BILL PAY AND MANY OTHER SERVICES. CAPITAL SERVES OVER 127,000 MEMBERS IN 12 NORTHEAST WISCONSIN COUNTIES: BROWN, CALUMET, DOOR, KEWAUNEE, MANITOWOC, MARINETTE, MENOMINE, OCONTO, OUTAGAMIE, SHAWANO, WAUPACA, AND WINNEBAGO. 0 0 CAPITAL CREDIT UNION PROVIDES A FULL MENU OF LOAN PRODUCTS TO ITS 127,386 MEMBERS, BOTH CONSUMER LOANS AND MORTGAGES. WITH A HIGH-RATE CHECKING ACCOUNT AND MONEY MARKET RATES THAT WERE AT THE TOP OF THE MARKET, WE WERE ABLE TO PROVIDE MEMBERS WITH INSURED,LIQUID ALTERNATIVES FOR THEIR DEPOSIT NEEDS. CAPITAL DONATED IN EXCESS OF $508,000 TO VARIOUS LOCAL CHARITIES THROUGHOUT THE YEAR THROUGH OUR ELEVATE COMMUNITIES PROGRAM. CAPITAL CONTINUES TO SUPPORT LOCAL HOMELESS SHELTERS AND MANY COMMUNITY EVENTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 100962 0 1 515 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X LISA HUGUET 9204944541 825 MORRIS AVENUE GREEN BAY WI 54306 RANDALL SANDERS TREASURER 1.50 X X 1000 0 16 STEVEN FRASSETTO CHAIRMAN 3.50 X X 1000 0 16 COLLEEN VANZEELAND DIRECTOR 1.50 X 1000 0 16 MELANIE HAEN VICE CHAIR 3.50 X X 0 0 16 NANCY RIETVELD DIRECTOR 1.50 X 1000 0 16 HEATHER KARCZ DIRECTOR 1.50 X 1000 0 16 KEITH LUCIUS SECRETARY 1.50 X X 928 0 16 JOHN CARRIER DIRECTOR 1.50 X 1000 0 16 RACHEL NELSON DIRECTOR 1.50 X 0 0 1 THOMAS YOUNG PRESIDENT 40.00 X 589416 0 57379 KAREN CAREW EXECUTIVE VP/COO 40.00 X 395362 0 58740 PATTI BANI CHIEF CULTURE OFFICER 40.00 X 158519 0 36647 LISA HUGUET CFO 40.00 X 178254 0 44282 WENDY WOHR SVP - BRANCH DEVELOPMENT 40.00 X 203531 0 40496 TIMOTHY WYNGAARD VP - COMMERCIAL LENDING 40.00 X 171868 0 38453 BRAD ROETHLISBERGER VP - FINANCIAL SOLUTIONS 40.00 X 126560 0 8893 MARY KAMPS VP - LEARNING & DEVELOPMEN 40.00 X 124833 0 17420 JONATHAN PROBST VP - CONSUMER LENDING 40.00 X 121721 0 28373 AMY OTIS VP - HUMAN RESOURCES 40.00 X 133039 0 11870 LAURA BUSCH VP - MORTGAGE LENDING 40.00 X 132058 0 33939 2342089 0 376621 14 0 1 0 FISERV 75 REMITTANCE DR DEPT 1649 CHICAGO IL 606751649 CORE PROCESSOR 2782606 VISA USA INC PO BOX 742233 LOS ANGELES CA 90074 DEBT CARD PROCESSING 1044691 BLUEPOP DIGITIAL 1464 BRADBURY CT GREEN BAY WI 54313 MARKETING CONSULTANT 728972 TRISERV APPRAISAL MANAGEMENT SOLUTIONS 875 OLD ROSWELL RD STE G300 ROSWELL GA 30076 APPRAISER 648832 Q2 SOFTWARE INC PO BOX 205970 DALLAS TX 753205970 ONLINE BANKING SERVICES 326542 20 INTEREST ON LOANS 522100 59230568 59230568 FEE INCOME 522100 13506163 13474055 32108 INSURANCE INCOME 522100 2288259 2177868 110391 COMMISSION INCOME 522100 284148 284148 3839361 3839361 79148499 2527410 2527410 27244 0 27244 27244 27244 160359 31823 0 0 160359 31823 192182 31823 160359 81895335 79037823 142499 2715013 508682 2342089 16624864 1383218 2595364 1324469 32184 59777 1133813 1513536 3911121 1875171 71101 150932 1463324 2252591 164993 DIVIDENDS ON SHARES 14737798 PROVISION FOR LOAN LOSS 4696544 PROCESSING 4446409 LOAN SERVICING 1629499 1368794 64286273 139779502 384267032 17895000 27758000 5248609 5222958 1365182056 1390154452 1505697 1623219 50751910 24761995 26429769 25989915 58874787 71951116 8277930 8417994 13251571 13067017 30103161 32051456 1666548082 1960503159 13770159 16130246 679 447 59000000 53000000 1391198501 1669565547 1463969339 1738696240 X 0 0 11350466 11350466 191228277 210456453 202578743 221806919 1666548082 1960503159 X 17609062 1619110 4 X X 0 1 X 1 0 8537657 8537657 26309219 11772344 14536875 8550587 6813781 1736806 7354447 6175870 1178577 25989915 SHARES 1669565547 1669565547 X 81895335 0 81895335 0 81895335 64286273 0 64286273 0 64286273 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 NEW ZOOLOGICAL SOCIETY PO BOX 12647 GREEN BAY WI 543072647 391516018 501(C)(3) 10250 FEAST WITH THE BEAST SPONSOR ST JOHN THE EVANGELIST HOMELESS SHELTER 411 ST JOHN STREET GREEN BAY WI 54301 262892934 501(C)(3) 12366 GENERAL SUPPORT/SPONSOR DE PERE POLICE DEPARTMENT 325 S BROADWAY STREET DE PERE WI 54115 396005431 170(C)(1) 10200 GENERAL SUPPORT KIMBERLY FIRE DEPARTMENT 515 W KIMBERLY AVENUE KIMBERLY WI 54136 396006297 170(C)(1) 8470 GENERAL SUPPORT DENMARK POLICE DEPARTMENT 118 E MAIN ST DENMARK WI 54208 396006249 501(C)(3) 6000 GENERAL SUPPORT HARBOR HOUSE DOMESTIC ABUSE PROGRAMS INC 720 W FIFTH ST APPLETON WI 54914 391870927 501(C)(3) 5200 GENERAL SUPPORT/SPONSOR HAPPILY EVER AFTER ANIMAL SANCTUARY INC E5714 BORK RD MARION WI 54950 204031006 501(C)(3) 5954 GENERAL SUPPORT/SPONSOR DAY BY DAY WARMING SHELTER 449 HIGH AVE OSHKOSH WI 54901 275557420 501(C)(3) 5200 GENERAL SUPPORT PILLARS INC 605 E HANCOCK ST APPLETON WI 54911 391582471 501(C)(3) 26314 GENERAL SUPPORT/SPONSOR GRAND CHUTE POLICE DEPARTMENT 1900 W GRAND CHUTE BLVD GRAND CHUTE WI 54913 396005918 170(C)(1) 31753 GENERAL SUPPORT SOUTHERN DOOR FIRE DEPARTMENT 1805 BRUSSELS RD BRUSSELS WI 54204 473655060 501(C)(3) 21365 GENERAL SUPPORT WISCONSIN HUMANE SOCIETY GREEN BAY CAMPUS 1830 RADISSON ST GREEN BAY WI 54302 390810533 501(C)(3) 10200 GENERAL SUPOPRT/SPONSOR HOBART-LAWRENCE POLICE DEPARTMENT 2990 S PINE TREE ROAD HOBART WI 54155 391512217 170(C)(1) 10842 GENERAL SUPPORT WESCOTT EMS PO BOX 536 SHAWNO WI 54166 200034888 170(C)(1) 10000 GENERAL SUPPORT 9 14 PART I, LINE 2: NONE - GRANTS AND ASSISTANCE ARE GENERALLY LIMITED TO KNOWN LOCAL ORGANIZATIONS. X X 1 1 X X X X X 0 1 0 THOMAS YOUNG PRESIDENT 530544 0 41816 0 17056 0 39450 0 17929 0 646795 0 0 0 KAREN CAREW EXECUTIVE VP/COO 276982 0 28718 0 89662 0 39450 0 19290 0 454102 0 0 0 WENDY WOHR SVP - BRANCH DEVELOPMENT 176465 0 14866 0 12200 0 16292 0 24204 0 244027 0 0 0 LISA HUGUET CFO 153303 0 13403 0 11548 0 19856 0 24426 0 222536 0 0 0 TIMOTHY WYNGAARD VP - COMMERCIAL LENDING 146192 0 12839 0 12837 0 12111 0 26342 0 210321 0 0 0 PATTI BANI CHIEF CULTURE OFFICER 134360 0 11492 0 12667 0 16578 0 20069 0 195166 0 0 0 LAURA BUSCH VP - MORTGAGE LENDING 109968 0 10255 0 11835 0 9277 0 24662 0 165997 0 0 0 JONATHAN PROBST VP - CONSUMER LENDING 101953 0 8745 0 11023 0 8626 0 19747 0 150094 0 0 0 PART I, LINE 4B FROM F/S FOOTNOTE 15 - DEFERRED COMPENSATION: THE CREDIT UNION HAS ENTERED INTO NONQUALIFIED DEFERRED COMPENSATION AGREEMENTS WITH TWO KEY OFFICERS. THE CREDIT UNION DOES NOT MAKE CONTRIBUTIONS TO THE PLANS, WHICH ARE FUNDED SOLELY BY THE EMPLOYEES. THE BALANCE OF THESE DEFERRED COMPENSATION AGREEMENTS WAS APPROXIMATELY $248,000 AND $244,000 AS OF DECEMBER 31, 2020 AND 2019, RESPECTIVELY. THE CREDIT UNION ACQUIRED FROM THE MERGER OF PIONEER CREDIT UNION A NONQUALIFIED DEFERRED COMPENSATION PLAN WITH KEY MEMBERS OF ITS MANAGEMENT TEAM. A PARTICIPANT IS ELIGIBLE FOR BENEFIT PAYMENTS UPON REACHING 20 YEARS OF EMPLOYMENT AND THE VESTING AGE OF 62. A DEFERRAL ACCOUNT HAS BEEN ESTABLISHED FOR EACH OF THE PARTICIPANTS. CONTRIBUTIONS TO THE ACCOUNTS ARE AT THE DISCRETION OF THE BOARD OF DIRECTORS. THE BALANCE IN THE DEFERRAL ACCOUNTS ARE THE ASSETS OF THE CREDIT UNION AND ARE AVAILABLE TO CREDITORS IN THE EVENT OF THE CREDIT UNION'S LIQUIDATION UNTIL THE EMPLOYEES MEET THE REQUIREMENTS NOTED ABOVE. NO EMPLOYEE CONTRIBUTIONS TO THE ACCOUNTS ARE ALLOWED UNDER THE PLAN. THE BALANCE OF THE DEFERRED COMPENSATION PLANS WAS APPROXIMATELY $81,000 AND $149,000 AS OF DECEMBER 31, 2020 AND 2019, RESPECTIVELY. THERE WAS NO EXPENSE RELATED TO THIS PLAN IN 2020 OR 2019. THE CREDIT UNION HAS NONQUALIFIED DEFERRED COMPENSATION AGREEMENTS WITH ITS KEY OFFICERS. THE CREDIT UNION IS NOT REQUIRED TO MAKE CONTRIBUTIONS TO THE PLAN, BUT MAY DO SO AT ITS DISCRETION. THE CREDIT UNION DID NOT MAKE ANY CONTRIBUTION TO THE PLAN IN 2020 OR 2019. THE BALANCE OF THESE DEFERRED COMPENSATION AGREEMENTS ARE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. THE CREDIT UNION HAS ENTERED INTO A NONQUALIFIED DEFERRED COMPENSATION AGREEMENT WITH THE EXECUTIVE VICE PRESIDENT OF THE CREDIT UNION. THE CREDIT UNION IS REQUIRED TO DEFER APPROXIMATELY $20,000 A MONTH UNTIL FEBRUARY 2021. THE BALANCE OF THIS DEFERRED COMPENSATION AGREEMENT WAS APPROXIMATELY $842,000 AND $601,000 AS OF DECEMBER 31, 2020 AND 2019, RESPECTIVELY. THOMAS YOUNG PRESIDENT SPLIT DOLLAR LIFE INSURANCE X 5423128 5222958 0 1 1 5222958 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE INDIVIDUALS LIVING OR WORKING IN THE COUNTIES OF BROWN, CALUMET, DOOR, KEWAUNEE, MANITOWOC, MARINETTE, MENOMINEE, OCONTO, OUTAGAMIE, SHAWANO, WAUPACA, AND WINNEBAGO THAT HAVE DEPOSITS WITH THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A BOARD OF DIRECTORS IS ELECTED BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B REVIEWED BY THE PRESIDENT AND CFO PRIOR TO SUBMISSION WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT COVERS ALL EMPLOYEES AND BOARD OF DIRECTORS. THE DETERMINATION AND REVIEW OF PERCEIVED CONFLICT IS DONE AT THE MANAGEMENT TEAM LEVEL. UPON DETERMINATION OF A CONFLICT, THE PERSON INVOLVED IN SAID CONFLICT CANNOT PARTICIPATE IN DELIBERATIONS OR DECISIONS. STAFF AND OFFICERS ARE REQUIRED TO REVIEW THE POLICY MANUAL. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS OF DETERMINING PROPER COMPENSATION IS COMPLETED DURING THE BOARD OF DIRECTORS MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 POLICIES ARE AVAILABLE UPON REQUEST, SUMMARIZED FINANCIALS ARE POSTED IN THE BRANCHES. FORM 990, PART XI, LINE 9: ROUNDING 4. LINE 2C EXPLANATION NO CHANGES FROM THE PRIOR YEAR. CAPITAL CREDIT UNION SERVICE CORP 825 MORRIS AVE GREEN BAY WI 54304 391852107 INSURANCE COMMISSIONS WI CAPITAL CREDIT UNION C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0