2020-11-13T12:46:28-06:00 2019-12-31 390912608 HAWKINS ASH CPAS LLP 520 N BROADWAY SUITE 250 GREEN BAY WI 54303 990 2019-01-01 390394240 CAPITAL CREDIT UNION CAPI 9204942828 825 MORRIS AVENUE GREEN BAY WI 543044525 LISA HUGUET CFO 9204944541 2020-11-13 1 JEFFREY DANEN P01236582 9203369850 192.55.242.200 2020-11-13 10:39:34 CS P 5786A0D457CA8CB91CC46675A3DD27140B49E1A8 BDEBE321AF815D20D7F3E6FF06907EE5941B8DC6 2019 2022-01-07 14:23:13Z THOMAS YOUNG 825 MORRIS AVENUE GREEN BAY WI 543044525 80873180 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 121,000 MEMBERS IN 12 NORTHEAST WISCONSIN COUNTIES: BROWN, CALUMET, DOOR, KEWAUNEE, MANITOWOC, MARINETTE, MENOMINEE, OCONTO, OUTAGAMIE, SHAWANO, WAUPACA, AND WINNEBAGO. 9 9 492 9 131423 0 0 0 70353276 76794279 1892400 4045307 22086 33594 72267762 80873180 613397 556336 0 0 20871259 22316791 0 0 0 34550293 43538358 56034949 66411485 16232813 14461695 1484756599 1666548082 1297693003 1463969339 187063596 202578743 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 121,000 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 121,877 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 $556,000 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 96406 0 1 492 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 DIRECTOR - TREASURER 1.50 X X 0 0 16 STEVEN FRASSETTO DIRECTOR - CHAIRMAN 3.50 X X 0 0 16 COLLEEN VANZEELAND DIRECTOR 1.50 X 0 0 16 MELANIE HAEN DIRECTOR - VICE CHAIRMAN 3.50 X X 633 0 16 NANCY RIETVELD DIRECTOR 1.50 X 2000 0 16 HEATHER KARCZ DIRECTOR 1.50 X 0 0 16 KEITH LUCIUS DIRECTOR 1.50 X 0 0 16 ALLISON BUCKLEY DIRECTOR - SECRETARY 1.50 X X 0 0 16 JOHN CARRIER DIRECTOR 1.50 X 0 0 14 THOMAS YOUNG PRESIDENT 40.00 X 554188 0 56518 KAREN CAREW EXECUTIVE VP/COO 40.00 X 281804 0 63010 WENDY WOHR SVP - BRANCH DEVELOPMENT 40.00 X 186211 0 37998 JOEL WILLIQUETTE VP - CIO 40.00 X 177665 0 55007 TIMOTHY WYNGAARD VP - COMMERCIAL LENDING 40.00 X 160470 0 36470 LISA HINTZ VP - MARKETING 40.00 X 99870 0 29463 BRAD ROETHLISBERGER VP - FINANCIAL SOLUTIONS 40.00 X 124104 0 8762 PATTI BANI CHIEF CULTURE OFFICER 40.00 X 122093 0 31144 MARY KAMPS VP - LEARNING & DEVELOPMENT 40.00 X 113790 0 21556 JONATHAN PROBST VP - CONSUMER LENDING 40.00 X 113201 0 25690 LISA HUGUET CFO 40.00 X 129429 0 36050 AMY OTIS VP - HUMAN RESOURCES 40.00 X 120172 0 11521 LAURA BUSCH VP - MORTGAGE LENDING 40.00 X 108554 0 30714 DANIELLE KROENING VP - MEMBER SERVICES 40.00 X 80988 0 19497 2375172 0 463542 12 0 1 0 PULSE 1301 MCKINNEY STE 2500 HOUSTON TX 77010 ATM/DEBIT CARD PROCESSOR 1497047 KELLER PLANNERSARCHITECTSBUILDERS PO BOX 620 KAUKAUNA WI 54130 CONSTRUCTION/REMODELING WORK 1401834 FISERV 75 REMITTANCE DR DEPT 1649 CHICAGO IL 606751649 CORE PROCESSOR 1163685 BLUEPOP DIGITIAL 1464 BRADBURY CT GREEN BAY WI 54313 MARKETING CONSULTANT 934466 DOXIM INC 747 E WHITCOMB AVE MADISON HEIGHTS MI 48071 STATEMENT PROCESSOR 823826 26 INTEREST ON LOANS 522100 58972067 58972067 FEE INCOME 522100 13003687 12962783 40904 INSURANCE INCOME 522100 2037252 2037252 COMMISSION INCOME 522100 279371 279371 ACCIDENTAL DEATH AND DISMEMBERMEN 522100 90519 90519 2411383 2411383 76794279 3565607 3565607 33594 0 33594 33594 33594 329203 150497 0 0 329203 150497 479700 479700 80873180 76662856 131423 4078901 556336 2838714 16985461 1232989 1259627 24753 184997 18659 895918 1752209 3996270 2041635 432180 1612358 2562064 DIVIDENDS ON SHARES 15572590 PROCESSING 6462072 PROVISION FOR LOAN LOSS 5632617 LOAN SERVICING 1286039 1063997 66411485 39390363 139779502 22203712 17895000 5423128 5248609 1310042853 1365182056 994737 1505697 48968386 22538617 27031215 26429769 38396488 58874787 3128000 8277930 9353865 13251571 28792238 30103161 1484756599 1666548082 11884809 13770159 679 65000000 59000000 1220808194 1391198501 1297693003 1463969339 X 0 0 11350466 11350466 175713130 191228277 187063596 202578743 1484756599 1666548082 X 14461695 1053454 -2 X X 0 1 X 1 0 8483627 8483627 25877052 10658380 15218672 8323539 6229524 2094015 6284168 5650713 633455 26429769 SHARES 1391198501 1391198501 X 80873180 0 80873180 0 80873180 66411485 0 66411485 0 66411485 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, 2019 AND 2018, 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 BAY AREA HUMANE SOCIETY 1830 RADISON ST GREEN BAY WI 54302 390988577 501(C)(3) 10000 PET WALK SPONSOR NEW ZOOLOGICAL SOCIETY PO BOX 12647 GREEN BAY WI 543072647 391516018 501(C)(3) 10000 FEAST WITH THE BEAST SPONSOR SALVATION ARMY PO BOX 1605 APPLETON WI 54911 362167910 509(A)(1) 25000 GENERAL SUPPORT/SPONSOR NEENAH-MENASHA FIRE RESCUE 125 E COLUMBIAN AVE NEENAH WI 54956 300286145 170(C)(1) 7500 GENERAL SUPPORT FRIENDS OF APPLETON FIRE DEPARTMENT 700 N DREW ST APPLETON WI 54911 274019881 501(C)(3) 6500 GENERAL SUPPORT ST JOHN THE EVANGELIST HOMELESS SHELTER PO BOX 1743 GREEN BAY WI 543051743 262892934 501(C)(3) 25000 GENERAL SUPPORT/SPONSOR HOMELESS CONNECTIONS 400 N DIVISION ST APPLETON WI 54914 391447152 501(C)(3) 25000 GENERAL SUPPORT/SPONSOR DE PERE POLICE DEPARTMENT 325 S BROADWAY STREET DE PERE WI 54115 396005431 170(C)(1) 9846 GENERAL SUPPORT KIMBERLY HIGH SCHOOL 1662 E KENNEDY AVE KIMBERLY WI 54136 396002809 170(C)(1) 10000 FIELD SIGNAGE GREEN LEAF VOLUNTEER FIRE DEPT PO BOX 57 GREENLEAF WI 54126 396176293 501(C)(3) 5371 GENERAL SUPPORT BROWN COUNTY CRISIS NEGOTIATION TEAM 2684 DEVELOPMENT DRIVE GREEN BAY WI 54311 396005671 170(C)(1) 20000 GENERAL SUPPORT GILLETT FIRE DEPARTMENT 150 N MCKENZIE AVENUE GILLETT WI 54124 396005456 170(C)(1) 8559 GENERAL SUPPORT BROWN COUNTY SHERIFF - SWAT TEAM 2684 DEVELOPMENT DRIVE GREEN BAY WI 54311 396005671 170(C)(1) 8327 GENERAL SUPPORT KIMBERLY FIRE DEPARTMENT 515 W KIMBERLY AVENUE KIMBERLY WI 54136 396006297 170(C)(1) 15532 GENERAL SUPPORT BREAST CANCER FAMILY FOUNDATION 926 WILLARD DRIVE 134 GREEN BAY WI 54304 391949580 501(C)(3) 6000 GENERAL SUPPORT/SPONSOR MARINETTE POLICE DEPARTMENT 1905 HALL AVENUE MARINETTE WI 54313 396005515 170(C)(1) 7000 GENERAL SUPPORT SHAWANO COUNTY SHERIFF'S OFFICE 405 N MAIN STREET SHAWANO WI 54166 396005743 170(C)(1) 9600 GENERAL SUPPORT NEIGHBORWORKS - BROWN COUNTY FAMILY CENTER 437 S JACKSON STREET GREEN BAY WI 54301 391402851 509(A)(1) 50000 GENERAL SUPPORT/SPONSOR 7 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 510699 0 25351 0 18138 0 38600 0 17918 0 610706 0 0 0 KAREN CAREW EXECUTIVE VP/COO 241506 0 26554 0 13744 0 38600 0 24410 0 344814 0 0 0 WENDY WOHR SVP - BRANCH DEVELOPMENT 162774 0 14404 0 9033 0 15050 0 22948 0 224209 0 0 0 JOEL WILLIQUETTE VP - CIO 148065 0 18420 0 11180 0 31465 0 23542 0 232672 0 0 0 TIMOTHY WYNGAARD VP - COMMERCIAL LENDING 135710 0 12567 0 12193 0 11304 0 25166 0 196940 0 0 0 PATTI BANI CHIEF CULTURE OFFICER 99801 0 11069 0 11223 0 13453 0 17691 0 153237 0 0 0 LISA HUGUET CFO 107810 0 9668 0 11951 0 12869 0 23181 0 165479 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 $244,000 AND $208,000 AS OF DECEMBER 31, 2019 AND 2018, 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 $149,000 AND $118,000 AS OF DECEMBER 31, 2019 AND 2018, RESPECTIVELY. THERE WAS NO EXPENSE RELATED TO THIS PLAN IN 2019 OR 2018. 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 2019 OR 2018. 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 $601,000 AND $361,000 AS OF DECEMBER 31, 2019 AND 2018, RESPECTIVELY. THOMAS YOUNG PRESIDENT SPLIT DOLLAR LIFE INSURANCE X 5423128 5248609 0 1 1 5248609 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 -2. 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