2021-11-15T12:56:00-06:00 2020-12-31 461605712 BRENT WOOKEY CPA PO BOX 1512 LA CROSSE WI 546021512 990 2020-01-01 390958562 PEOPLES CHOICE CREDIT UNION PEOP 9524650976 PO BOX 567 MEDFORD WI 54451 MATHEW SCHEWE CEO 7157485303 2021-11-12 true MATHEW SCHEWE 999009999 BRENT WOOKEY CPA P00062439 6087920843 2021-11-15 X 2020 2022-09-23 18:48:47Z MATHEW SCHEWE PO BOX 567 MEDFORD WI 54451 2062428 false X WWW.PEOPLESCHOICECU.COOP X 1940 WI THE MISSION OF PEOPLES CHOICE CREDIT UNION IS TO SERVE THE NEEDS OF OUR MEMBERS BY OFFERING FINANCIAL SERVICES AT COMPETITIVE RATES, WHILE MAINTAINING OUR LONG TERM FINANCIAL STABILITY. 7 7 28 1349 0 2044991 2001606 44209 56987 5569 3835 2094769 2062428 0 0 838724 804398 0 0 1153921 1356587 1992645 2160985 102124 -98557 39978426 46658803 36921937 43700617 3056489 2958186 THE MISSION OF PEOPLES CHOICE CREDIT UNION IS TO SERVE THE NEEDS OF OUR MEMBERS BY OFFERING FINANCIAL SERVICES AT COMPETITIVE RATES, WHILE MAINTAINING OUR LONG TERM FINANCIAL STABILITY. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. AS OF 12/31/20 WE HAD 4,766 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 570 NEW LOANS TO OUR MEMBERS DURING 2020. AS OF 12/31/20 WE HAD 1,449 LOANS TO OUR MEMBERS. false false false false false false false true false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1376 0 true 28 true true true false false false false false false false X 7 7 false false false false true true true true true false false false true true true true true true false false X MATHEW SCHEWE 9524650976 PO BOX 567 MEDFORD WI 54451 MARY HENRICHS CEO 40.00 X 76237 0 23229 KERRY ELLENBECKER EXEC VP 40.00 X 62582 0 2765 THOMAS JUDNIC CHAIR 2.00 X X 2400 0 0 DAVID MILLER VICE CHAIR 2.00 X X 1925 0 0 JAMES STOKES TREASURER 2.00 X X 1925 0 0 BRIAN WILSON SECRETARY 2.00 X X 1800 0 0 CATHERINE LEIFELD DIRECTOR 2.00 X 1800 0 0 ALLISON RANUM DIRECTOR 2.00 X 1650 0 0 DANIEL KOWALCZYK DIRECTOR 2.00 X 1800 0 0 152119 25994 false false false FISERV PO BOX 934057 ATLANTA GA 31193 CORE PROCESSOR 208364 1 INTEREST ON LOANS 522130 1557085 1557085 MEMBER FEE INCOME 522130 331131 331131 OTHER MEMBER RELATED INCOME 522130 112041 112041 FEE & INSURANCE INCOME 520000 875 875 NON-MEMBER DMV FEES 560000 474 474 2001606 56987 56987 3835 3835 2062428 2000257 1349 60822 152119 441434 19231 140002 51612 11840 4905 20144 35099 387721 126982 62642 9886 275 93011 17915 DIVIDENDS EXPENSE 375559 PROVISION FOR LOAN LOSS 210608 2160985 0 0 0 678101 689299 5902474 13338572 31557823 29640171 70569 246345 1976899 947551 905617 1029348 429226 97560 434616 1617508 39978426 46658803 531453 628794 70898 108635 36319586 42963188 36921937 43700617 X 3056489 2958186 3056489 2958186 39978426 46658803 -98557 254 X false false false true X 209036 209036 905921 346213 559708 732403 501765 230638 129539 99573 29966 1029348 MEMBER SHARES & DEPOSITS 43071823 ESCROW AMOUNTS TO LINE 21 BAL SHEET -108635 42963188 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO PREPARES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES THE CPA TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE DIRECTORS AT THE NEXT BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD OF DIRECTORS READ AND SIGN THE OATH OF OFFICE ON AN ANNUAL BASIS. THE OUTSIDE BUSINESS ACTIVITIES OF BOARD MEMBERS ARE REVIEWED BY THE PRESIDENT/CEO FOR CONFLICTS, AND IF ANY ARE PRESENT IT IS REPORTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS ANNUALLY. THIS IS DOCUMENTED IN BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST.