2021-11-15T15:06:44-06:00 2020-12-31 390758449 WIPFLI LLP PO BOX 8010 WAUSAU WI 544028010 990 2020-01-01 390851648 FORT COMMUNITY CREDIT UNION FORT 9205637305 PO BOX 160 FORT ATKINSON WI 53538 SUSAN JOHNSON CHIEF EXECUTIVE OFFICER 9205637305 2021-11-15 1 SUSAN JOHNSON 999009999 MARY A COATES CPA P00134220 7158453111 2021-11-15 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z SUSAN JOHNSON PO BOX 160 FORT ATKINSON WI 53538 12952195 0 X WWW.FORTCOMMUNITY.COM X 1940 WI THE PURPOSES OF THIS CREDIT UNION ARE: TO ENCOURAGE THRIFT AMONG ITS MEMBERS; TO CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST; TO PROVIDE AN OPPORTUNITY FOR EACH OF ITS MEMBERS TO IMPROVE THE MEMBER'S RESPECTIVE ECONOMIC AND SOCIAL CONDITIONS; AND TO PERFORM THE FUNCTIONS AND EXERCISE THE POWERS DESIGNATED FOR CREDIT UNIONS UNDER APPLICABLE LAW. 7 7 97 7 10497 3455 0 0 11269636 11371106 1390605 1380972 99491 116798 12759732 12868876 0 1000 0 0 4191978 5057529 0 0 0 6029336 5891140 10221314 10949669 2538418 1919207 259032231 314376984 218787282 271505216 40244949 42871768 TO HELP EVERY MEMBER BE IN A BETTER FINANCIAL POSITION THAN WHEN WE MET THEM. 0 0 WE FUNDED 3,935 LOANS DURING 2020. AS OF 12/31/2020 WE HAD $90,072,200 MORTGAGES/HOME EQUITY LINES, $79,294,924 CONSUMER LOANS, $14,769,736 MEMBER BUSINESS LOANS, AND $4,976,514 CREDIT CARD ACCOUNTS WITH OUR MEMBERS. WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 22,277 MEMBERS AT 12/31. DURING 2020, WE OPENED 3,675 NEW DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 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 9949 0 1 97 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X RICHARD AUSTIN 9205637305 800 MADISON AVE FORT ATKINSON WI 53538 MICHAEL GORMAN MORTGAGE LOAN OFFICER 40.00 X 161973 0 31762 SUSAN JOHNSON CHIEF EXECUTIVE OFFICER 40.00 X 219272 0 24948 RICHARD AUSTIN CHIEF FINANCIAL OFFICER 40.00 X 193410 0 30546 DANIELLE FRAWLEY CHIEF LENDING OFFICER 40.00 X 129763 0 17489 ROBYN NEWCOMB CHIEF EXPERIENCE OFFICER 40.00 X 110702 0 27060 MEGHAN BERNATH CHIEF OPERATING OFFICER 40.00 X 74538 0 7332 ERNEST WITZKE CHAIR 1.00 X 1200 0 0 CRAIG NEVERMANN VICE-CHAIR 1.00 X 900 0 0 PHILLIP RISTOW TREASURER 1.00 X 1125 0 0 RONALD VOGEL TREASURER 1.00 X 0 0 0 DIANNE BUTT SECRETARY 1.00 X 1050 0 0 MARGARET BARE DIRECTOR 1.00 X 1050 0 0 MISTI HAWN DIRECTOR 1.00 X 450 0 0 COLLIN W STEVENS DIRECTOR 1.00 X 900 0 0 896333 0 139137 5 0 1 0 COMPUTERS NATIONWIDE LLC 120 N FRATERNITY LANE WHITEWATER WI 53190 IT MANAGED SERVICES 374753 PAYMENT SYSTEMS FOR CREDIT UNIONS INC 560 CLARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING SERVICES 260909 DATAMATIC PROCESSING 5545 ENTERPRISE DRIVE LANSING MI 48911 CORE SOFTWARE AND MAINTENANCE 146763 EDGE ONE 161 BUSINES PARK CIRCLE STOUGHTON WI 53589 ATM/ITM LICENSING AND MAINTENANCE 133698 MARQUIS SOFTWARE SOLUTIONS INC 5208 TENNYSON PKWY PLANO TX 75024 MARKETING SERVICES 127600 6 INTEREST ON LOANS 522100 8195109 8195109 FEE INCOME 522100 1581899 1581899 INTERCHANGE DEBIT CARD INCOME 522100 1349448 1349448 INSURANCE SALES 524298 234153 234153 NONMEMBER ATM FEES 522100 10497 10497 11371106 1198711 1198711 72420 40343 32077 32077 32077 225237 0 42976 225237 -42976 182261 182261 84721 84721 84721 12868876 11360609 10497 1497770 1000 841736 2965284 176991 787303 286215 10000 7724 401844 133484 276725 561714 283548 15847 132675 787091 76016 DIVIDENDS ON MEMBER SHA 1526128 LOAN & CLOSING COSTS 705905 CREDIT CARD FEES 492932 BAD DEBT EXPENSE 292680 186827 10949669 2164840 1727397 20277997 29412243 694554 767373 1049311 172252823 179373536 686438 730082 17294791 5961145 10763211 11333646 32915904 58360840 11664708 23780132 7611756 7842424 259032231 314376984 4419611 4283660 47625 107889 5000000 9860000 209320046 257253667 218787282 271505216 X 0 0 0 0 40244949 42871768 40244949 42871768 259032231 314376984 1919207 707612 0 X 0 0 0 0 1 X 801900 801900 10896704 2384106 8512598 5596187 3577039 2019148 11333646 DEPOSITS IN COMMERCIAL BANKS 11947000 C LOANS TO AND INVESTMENTS IN NATURAL PERSON CREDIT UNIONS 2737000 C PERPETUAL CONTRIBUTE CAPITAL 1201658 C ALL OTHER INVESTMENTS 342400 C LOANS HELD FOR SALE 7552074 C 23780132 MEMBER SHARES & DEPOSITS 257253667 257253667 PART IV, LINE 2B: THE ORGANIZATION INCLUDES AN ESCROW ACCOUNT LIABILITY ON CERTAIN FORCE-PLACED INSURANCE AND REAL ESTATE TAXES ON CERTAIN MORTGAGE LOANS. X X X 0 1 0 MICHAEL GORMAN MORTGAGE LOAN OFFICER 71288 0 90159 0 526 0 11581 0 20181 0 193735 0 0 0 SUSAN JOHNSON CHIEF EXECUTIVE OFFICER 195624 0 22100 0 1548 0 16398 0 8550 0 244220 0 0 0 RICHARD AUSTIN CHIEF FINANCIAL OFFICER 165676 0 22290 0 5444 0 15806 0 14740 0 223956 0 0 0 PART I, LINE 4B THE CHIEF EXECUTIVE OFFICER PARTICIPATES IN A 457(F) PLAN. THERE HAVE BEEN NO CONTRIBUTIONS TO THIS PLAN BY FORT COMMUNITY CREDIT UNION SINCE 2013. SUSAN JOHNSON CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE INSURANCE X 527000 568111 0 1 1 RICK AUSTIN CHIEF FINANCIAL OFFICER SPLIT DOLLAR LIFE INSURANCE X 480000 481200 0 1 1 1049311 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION CONSISTS OF A SINGLE CLASS OF MEMBER. TO BE A MEMBER, ONE MUST HAVE A SHARE/SAVINGS ACCOUNT. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE TO ELECT THE GOVERNING BODY. 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 DECISION TO DISSOLVE OR MERGE THE ORGANIZATION REQUIRES APPROVAL OF MEMBERSHIP. UNLESS MANDATED BY REGULATORY AGENCY (I.E. NCUA, WISCONSIN OFFICE OF CREDIT UNIONS). FORM 990, PART VI, SECTION B, LINE 11B THE CFO AND BOARD OF DIRECTORS REVIEW THE FORM 990 AT THE NEXT BOARD MEETING BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY STATEMENT ON AN ANNUAL BASIS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE REPORTED CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BODY DELEGATED POWERS. AFTER DISCLOSURE OF THE INTEREST AND ALL MATERIAL FACTS. THE INTERESTED PERSON SHALL LEAVE THE GOVERNING BODY OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON BY THE REMAINING DIRECTORS OR COMMITTEE MEMBERS. THE GOVERNING BODY OR DESIGNATED COMMITTEE CONDUCTS PERIODIC REVIEWS TO ENSURE THAT THE ORGANIZATION DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVE THE CHIEF EXECUTIVE OFFICER'S SALARY. THE CHIEF EXECUTIVE OFFICER APPROVES ALL OTHER OFFICERS OR KEY EMPLOYEE SALARIES USING THE BOARD APPROVED SALARY BUDGET. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED ON THE CREDIT UNION WEBSITE AND AVAILABLE IN THE MAIN AND BRANCH OFFICE LOBBIES. ALL OTHER GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.