2020-11-16T10:13:08-06:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2019-01-01 390203995 LANDMARK CREDIT UNION LAND 2627964500 2775 S MOORLAND ROAD NEW BERLIN WI 53151 DAVID POWERS CFO 2627964500 2020-11-13 1 TANYA MEDGAARDEN P01717240 5074347000 2020-11-11 67.137.57.251 2020-11-13 16:04:39 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6BCE17CF531EE5E889DFF9A1732B3E9930A5A1A9 2019 2021-04-22 16:20:28Z DAVID POWERS 2775 S MOORLAND ROAD NEW BERLIN WI 53151 434440178 0 X WWW.LANDMARKCU.COM X CREDIT UNION 1933 WI LANDMARK CREDIT UNION IS A MEMBER-OWNED NOT-FOR-PROFIT, COOPERATIVE FINANCIAL INSTITUTION. 9 8 866 0 33767 -22698 0 0 184011791 210587301 7457247 12920719 206598 124583 191675636 223632603 0 0 25214488 41882727 49241937 56147126 0 0 0 59719321 65290921 134175746 163320774 57499890 60311829 3965319770 4463282883 3577772161 4018733940 387547609 444548943 X LANDMARK CREDIT UNION IS A COOPERATIVE, NONPROFIT CORPORATION, INCORPORATED UNDER WISCONSIN STATE LAW TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. 0 0 PROVIDE LOW COST FINANCIAL SERVICES TO OVER 358,236 MEMBERS, WHO RESIDE PRIMARILY IN SOUTHEASTERN WISCONSIN. PROVIDED OVER 640,092 SAVINGS-TYPE ACCOUNTS TO THE CREDIT UNION'S MEMBERS. THE ACCOUNTS ARE STRUCTURED TO ENCOURAGE MEMBER THRIFT AND PROVIDE A COMPETITIVE RETURN ON THEIR SAVINGS. GRANTED 62,503 LOANS TO CREDIT UNION MEMBERS, REPRESENTING APPROXIMATELY $2,396,620,064 AIMED AT MEETING THEIR RESPECTIVE FINANCING NEEDS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 112268 0 1 866 1 1 1 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 1 1 0 X DAVID POWERS 2627964500 5445 S WESTRIDGE DRIVE PO BOX NEW BERLIN WI 53151 JAY MAGULSKI TREASURER/CEO/PRESIDENT 50.00 X X 740866 0 76662 DAVID POWERS CFO 50.00 X 354893 0 57969 ROBERT BRUEMMER EVP 50.00 X 294467 0 44095 STEPHEN HANNAN JR CIO 50.00 X 290386 0 51215 ERIC KASE COO 50.00 X 181238 0 19716 LUKE HESPRICH SENIOR INVESTMENT REP 50.00 X 400017 0 67041 GUSTAVO ALCANTARA TEM LDR-MTG LNDG 50.00 X 244744 0 29252 ADAM NEWMAN SVP BUSINESS LENDING 50.00 X 238933 0 43157 CYNTHIA MINUTI SVP BR STRATEGY & DE 50.00 X 231493 0 50173 JODI GREENMEIER SVP HR TRNG COMMUNIC. 50.00 X 217435 0 38234 BRIAN DOROW CHAIRPERSON 10.00 X X 23675 0 0 GRACE KOSTROSKI VICE CHAIRPERSON 10.00 X X 19350 0 0 NANCY DICKMAN SECRETARY 10.00 X X 20850 0 0 MIKE ERWIN DIRECTOR 10.00 X 14750 0 0 AILEC GONZALEZ DIRECTOR 10.00 X 14750 0 0 NELSON PHILLIPS DIRECTOR 10.00 X 14750 0 0 JOHN SCHULZE JR DIRECTOR 10.00 X 14750 0 0 JENNIFER ZIERER DIRECTOR 10.00 X 14750 0 0 DANE SANDERSEN ASSOCIATE DIRECTOR 10.00 X 400 0 0 3332497 0 477514 67 0 1 0 LAMACCHIA GROUP LLC 157 N MILWAUKEE ST MILWAUKEE WI 53202 BRANCH CONSTRUCTION 4601183 FISERV PO BOX 934057 ATLANTA GA 311934057 DATA SERVICES 3696768 NCR (DIGITAL INSIGHT) PO BOX 740641 LOS ANGELES CA 900740641 DIGITAL CHANNEL 2329700 FIS PO BOX 4535 CAROL STREAM IL 601974535 FINANCIAL SOFTWARE 2287159 JIGSAW LLC 710 N PLANKINTON AVE 9TH FLOOR MILWAUKEE WI 53203 MARKETING 2248996 95 LOAN INTEREST INCOME 522100 150875831 150875831 OTHER OPERATING INCOME 522100 33551886 33551886 FEE REVENUE 522100 26159584 26125817 33767 210587301 12180762 12180762 124583 0 124583 124583 124583 211547532 210468802 338773 1078730 -338773 739957 739957 223632603 210678117 33767 12920719 41882727 2249532 38944335 4397432 7755151 2800676 828781 187055 4174449 9105081 4337165 671410 3928584 4014117 PROVISION FOR LOAN LOSS 13026987 PROFESSIONAL & OUTSIDE 11319290 LOAN SERVICING EXPENSES 8032378 MISC. OPERATING EXPENSE 5334487 331137 163320774 14714812 19109387 232761374 283242518 2788456 2726524 3426824597 3670108672 2238513 3424961 116181344 40133753 49745546 76047591 129725750 232728771 24468020 32690786 82052702 143203673 3965319770 4463282883 52337533 76780998 165305000 165305000 3360129628 3776647942 3577772161 4018733940 X 0 0 0 0 387547609 444548943 387547609 444548943 3965319770 4463282883 X 60311829 552839 -3863334 X X 0 1 X 1 0 0 1 X 14493312 14493312 69081900 15858434 53223466 1210810 719700 491110 31395322 23555619 7839703 76047591 SHARE DRAFTS 577047894 REGULAR DRAFTS 761173611 MONEY MARKET SHARES 925719585 SHARE CERTIFICATES 1246517435 IRA 241568699 ALL OTHER SHARES/DEPOSITS 24620718 3776647942 X 224145783 0 224145783 -513180 -513180 223632603 163833928 513154 513154 163320774 0 163320774 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS REAL ESTATE ESCROW ACCOUNTS USED TO PAY MEMBERS REAL ESTATE TAXES AND INSURANCE. PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE (IRC) 501 (C) (14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2019 AND 2018. THE CREDIT UNION'S 2016 THROUGH 2018 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES INCLUDED IN REVENUE FOR 990 PURPOSES -513,154. ROUNDING -26. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES NOT INCLUDED FOR 990 PURPOSES 513,154. X 0 0 0 JAY MAGULSKI TREASURER/CEO/PRESIDENT 513356 0 225188 0 2322 0 43270 0 33392 0 817528 0 0 0 DAVID POWERS CFO 263504 0 83973 0 7416 0 26337 0 31632 0 412862 0 0 0 ROBERT BRUEMMER EVP 219700 0 73064 0 1703 0 23387 0 20708 0 338562 0 0 0 STEPHEN HANNAN JR CIO 215384 0 67305 0 7697 0 20319 0 30896 0 341601 0 0 0 ERIC KASE COO 105497 0 71672 0 4069 0 3645 0 16071 0 200954 0 0 0 LUKE HESPRICH SENIOR INVESTMENT REP 13130 0 384925 0 1962 0 34599 0 32442 0 467058 0 0 0 GUSTAVO ALCANTARA TEM LDR-MTG LNDG 48904 0 194173 0 1667 0 24089 0 5163 0 273996 0 0 0 ADAM NEWMAN SVP BUSINESS LENDING 171504 0 65000 0 2429 0 23477 0 19680 0 282090 0 0 0 CYNTHIA MINUTI SVP BR STRATEGY & DE 198224 0 31954 0 1315 0 19358 0 30815 0 281666 0 0 0 JODI GREENMEIER SVP HR TRNG COMMUNIC. 173342 0 43833 0 260 0 18777 0 19457 0 255669 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LANDMARK CREDIT UNION IS COOPERATIVELY OWNED BY ITS APPROXIMATELY 358,236 MEMBERS. OWNERSHIP IS ACQUIRED THROUGH OPENING A QUALIFYING SHARE (SAVINGS) ACCOUNT, WITH A MINIMUM DEPOSIT OF $5.00. EACH MEMBER IS ENTITLED TO AN EQUAL VOTE IN MATTERS IN WHICH THE CREDIT UNION'S BYLAWS EMPOWER MEMBER AUTHORIZATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS TO REPRESENT THEIR COOPERATIVE INTERESTS. DIRECTORS ARE ELECTED FOR THREE-YEAR TERMS, AND MUST STAND FOR ELECTION AT A MEETING OF THE MEMBERSHIP UPON EXPIRATION OF THEIR RESPECTIVE TERMS. FORM 990, PART VI, SECTION A, LINE 7B AT ANY MEETING OF THE MEMBERSHIPS, A MAJORITY OF THE MEMBERS PRESENT MAY DIRECT THE BOARD OF DIRECTORS TO: A) CONSIDER IMPLEMENTING ANY POLICY PROPOSED BY THE MEMBERS; B) RECONSIDER ANY DECISION OF THE DIRECTORS, OFFICERS, OR COMMITTEES; C) BY A THREE-FOURTHS VOTE REMOVE ANY DIRECTOR, AND; D) BY A THREE-FOURTHS VOTE AMEND THE EXISTING BYLAWS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CEO AND CFO FOR ACCURACY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OATH OF OFFICE IS SIGNED ANNUALLY, ANY ITEM OF VALUE OVER $250 GIVEN TO AN ASSOCIATE MUST BE REPORTED, JUSTIFIED, AND APPROVED BY THE PRESIDENT. ALL ASSOCIATES ARE COVERED. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES RECEIVE AN ANNUAL PERFORMANCE EVALUATION AT WHICH TIME COMPENSATION FOR THE NEXT YEAR IS DETERMINED. THERE IS A COMPENSATION COMMITTEE OF THE BOARD THAT ACTS ON THE PRESIDENT'S REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC FORM 990, PART XI, LINE 9: CHANGE IN DEFINED BENEFIT PLAN -3,091,317. CHANGE IN ACCOUNTING STANDARD -771,991. ROUNDING -26. FORM 990 PART XII LINE 2C THE PROCESS HAS NOT CHANGED LANDMARK FINANCIAL SERVICES INC 2775 S MOORLAND ROAD STE 301 NEW BERLIN WI 53151 391607208 DORMANT CORPORATION WI 300 LANDMARK CREDIT UNION