2019-05-15T15:10:17-05:00 2018-12-31 390758449 WIPFLI LLP PO BOX 8010 WAUSAU WI 544028010 990 2018-01-01 390555293 EDUCATORS CREDIT UNION EDUC 2628665900 1326 WILLOW ROAD MT PLEASANT WI 53177 KURT JOHNSON CFO 2628665900 2019-05-15 1 MARY A COATES CPA P00134220 7158453111 2019-05-15 50.50.56.238 2019-05-15 14:57:19 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 83043B5363DC37D2E1A7A13A420E47BEA2481C46 2018 2019-02-21 02:37:17Z KURT JOHNSON 1326 WILLOW ROAD MT PLEASANT WI 53177 115290084 0 2157 X WWW.ECU.COM X 1937 WI PASSIONATELY HELP PEOPLE BY EDUCATING AND ADVISING TO EARN THEIR LOYALTY. 15 15 638 16 0 0 0 0 87672197 106632495 3281123 7862691 1183440 666971 92136760 115162157 329918 315590 0 0 25688414 30252089 0 0 0 49206309 65096722 75224641 95664401 16912119 19497756 1922132917 1950380212 1701342221 1710087501 220790696 240292711 OUR GOAL IS TO BE THE BEST CREDIT UNION, NOT THE LARGEST. THIS CAN BE ACHIEVED BY HAVING THE MOST LOYAL MEMBERS THROUGH THEIR USE OF OUR PRODUCTS, SERVICES, TECHNOLOGY, AND WILLINGNESS TO REFER OTHERS TO EDUCATORS CREDIT UNION. 0 0 LENDING - PROVIDE BUSINESS AND CONSUMER LOANS AND LEASES WITH BALANCES OF $1,686,807,906. SAVING - PROVIDE SAVING, CHECKING, CDS, IRAS AND MONEY MARKET ACCOUNT WITH BALANCES OF $1,721,400,852. WE HAVE OVER 183,000 MEMBERS AND FOCUS ON EDUCATING THEM IN OUR BRANCHES AS WELL AS THROUGH COMMUNITY ACTIVITES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 132258 0 1 638 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 1 1 1 1 1 0 X JAMES JUSTMAN 2628865900 1326 WILLOW RAOD MT PLEASANT WI 53177 CLARENCE ALLEN BOARD MEMBER 1.00 X 2050 0 0 MILTON DOCKERY BOARD MEMBER 1.00 X 2100 0 0 WILLIAM HALSEY BOARD MEMBER 1.00 X 2100 0 0 PAUL PELZEK BOARD MEMBER 1.00 X 1900 0 0 MARY ANN SMITH BOARD MEMBER 1.00 X 2300 0 0 JAMES ARNESON ASSOCIATE BOARD MEMBER 1.00 X 700 0 0 JANET DAYS ASSOCIATE BOARD MEMBER 1.00 X 1300 0 0 ELTON DEMETI ASSOCIATE BOARD MEMBER 1.00 X 1400 0 0 SARAH FIEREK ASSOCIATE BOARD MEMBER 1.00 X 750 0 0 LOGAN MARTIN ASSOCIATE BOARD MEMBER 1.00 X 1600 0 0 NORMAN PROM ASSOCIATE BOARD MEMBER 1.00 X 0 0 0 MARY LUENEBURG CHAIRPERSON 1.00 X X 4473 0 0 CHERYL KOTHE VICE CHAIRPERSON 1.00 X X 850 0 0 BRAD ZAUTCKE SECRETARY 1.00 X X 1800 0 0 ROBERT STEPIEN TREASURER 1.00 X X 1850 0 0 LINDA HOOVER CEO & PRESIDENT 40.00 X 470619 0 16655 KURT JOHNSON CFO 40.00 X 245679 0 6194 JAMES HENDERSON CAO 40.00 X 203752 0 50795 MICHAEL MIKKELSON CIO 40.00 X 222406 0 14639 PETER STEIN SR VP-HUMAN RESOURCES 40.00 X 188489 0 26215 GLENN BRUSKY BRANCH MANAGER 40.00 X 142520 0 14107 SHANNON HUOT SR VP MARKETING 40.00 X 133549 0 26503 LORI GORKOWSKI VP PAYMENT SYSTEMS 40.00 X 131620 0 13154 1763807 0 168262 17 0 1 0 ALKAMI TECHNOLOGY INC PO BOX 670397 PLANO TX 75267 IT SERVICES 1369180 CDW DIRECT LLC PO BOX 75723 CHICAGO IL 60675 COMPUTER HARDWARE/SOFTWARE SERVICES 1071443 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 IT SERVICES 953764 INFOIMAGE 141 JEFFERSON DRIVE MENLO PARK CA 94025 STATEMENT SERVICES 790560 CELTIC 316 N MILWAUKEE ST STE 350 MILWAUKEE WI 53202 ADVERTISING 538643 52 INTEREST ON LOANS 522100 70976584 70976584 CREDIT CARD INTERCHANGE INCOME 522100 17425190 17425190 MEMBER SERVICE FEES 522100 12585157 12585157 MEMBER INSURANCE INCOME 522100 2664701 2664701 LOAN FEE INCOME 522100 1771289 1771289 1209574 1209574 106632495 7886474 7886474 164951 104144 60807 60807 60807 20938 2845 -20938 -2845 -23783 -2845 -20938 606164 606164 606164 115162157 106629650 0 8532507 315590 1018867 21941809 2044344 3492733 1754336 394152 249292 521805 2743980 4048245 7453824 3401105 473007 1163533 4687454 4810320 264106 DIVIDENDS PAID 9257275 DEBIT AND CREDIT CARD E 8858002 PROVISION FOR LOAN LOSS 7019227 LOAN AND CLOSING COSTS 3018951 6732444 95664401 27936105 24992206 59199701 63657219 8770840 6291478 1607896339 1637038953 3121720 3727116 76982111 28397915 50987871 48584196 123359896 121915409 23740720 25196701 899249 17119725 18077685 1922132917 1950380212 26341950 26993731 75000000 0 1600000271 1683093770 1701342221 1710087501 X 0 0 0 0 220790696 240292711 220790696 240292711 1922132917 1950380212 19497756 -333898 338157 0 X X 0 1 X 1 0 10166591 10166591 49534505 18739776 30794729 347417 331780 15637 16933598 9326359 7607239 48584196 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1683093770 1683093770 1 UNITED WAY RACINE COUNTY 2000 DOMANIK DRIVE RACINE WI 53404 390806349 501(C)(3) 48190 GENERAL SUPPORT JUNIOR ACHIEVEMENT 1111 W LIBERTY DRIVE MILWAUKEE WI 53224 841223492 501(C)(3) 40000 GENERAL SUPPORT ARTSLARGE 908 S 5TH ST MILWAUKEE WI 53204 331114575 501(C)(3) 40000 GENERAL SUPPORT UNITED WAY OF GREATER MILWAUKEE BOX 88110 MILWAUKEE WI 53288 390806190 501(C)(3) 29603 GENERAL SUPPORT ALL SAINTS FOUNDATION 3805 SPRING STREET B SUITE 220 RACINE WI 53405 751947007 501(C)(3) 20000 GENERAL SUPPORT MILWAUKEE PUBLIC SCHOOLS 2414 W MITCHELL ST MILWAUKEE WI 53204 396003457 501(C)(3) 20000 GENERAL SUPPORT HALO INC 2000 DEKOVEN AVE RACINE WI 53403 202041432 501(C)(3) 10500 GENERAL SUPPORT RACINE FAMILY YMCA 725 LAKE AVENUE RACINE WI 53403 390807254 501(C)(3) 10000 GENERAL SUPPORT UNITED WAY ROCK COUNTY 205 N MAIN ST SUITE 101 JANESVILLE WI 53545 396006734 501(C)(3) 6389 GENERAL SUPPORT RONALD MCDONALDS HOUSE 110 NORTH CARPENTER STREET CHICAGO IL 60607 362934689 501(C)(3) 5798 GENERAL SUPPORT HISPANIC BUSINESS AND PROFESSIONAL ASSOCIATION INC PO BOX 081644 RACINE WI 53408 391969011 501(C)(3) 5000 GENERAL SUPPORT MDA 330 S EXECUTIVE DR SUITE 100A BROOKFIELD WI 53005 131665552 501(C)(3) 5000 GENERAL SUPPORT COMMON GROUND - WASHINGTON HS FUND 1034 E OGDEN AVENUE MILWAUKEE WI 53202 680480736 501(C)(3) 5000 GENERAL SUPPORT CITY YEAR MILWAUKEE-2018 ANNUAL DINNER 648 N PLANKINTON AVE SUITE 190 MILWAUKEE WI 53202 222882549 501(C)(3) 5000 GENERAL SUPPORT UW-PARKSIDE FOUNDATION-FUTURE FOCUS FUND 900 WOOD ROAD KENOSHA WI 53144 391805963 501(C)(3) 5000 GENERAL SUPPORT AURORA HEALTH CARE FOUNDATION-LEGACY 2900 W OKLAHOMA AVE MILWAUKEE WI 53215 396044569 501(C)(3) 5000 GENERAL SUPPORT WI HUMANE SOCIETY-RACIN CAPITAL CAMPAIGN 2706 CHICORY ROAD RACINE WI 53403 390810533 501(C)(3) 5000 GENERAL SUPPORT WISCONSIN WOMEN'S BUSINESS INITIATIVE CORPORATION 1533 N RIVERCENTER DR MILWAUKEE WI 53212 391597954 501(C)(3) 5000 GENERAL SUPPORT WISCONSIN PTA 4797 HAYES ROAD SUITE 102 MADISON WI 53704 390841949 501(C)(3) 5000 GENERAL SUPPORT RACINE NAACP-CORPORATE SPONSORSHIP 1633 RACINE STREET RACINE WI 53403 391671996 501(C)(3) 5000 GENERAL SUPPORT UWPARKSIDE-SPORT CENTER-CORP PARTNERSHIP 900 WOOD ROAD KENOSHA WI 53144 391805963 501(C)(3) 5000 GENERAL SUPPORT 21 0 PART I, LINE 2: BRANCH MANAGERS HAVE THE ABILITY TO APPROVE GRANTS TO A CERTAIN AMOUNT, AFTER THAT AMOUNT, THE GRANTS WOULD HAVE TO BE APPROVED BY THEIR MANAGER. LARGER GRANTS ARE APPROVED BY SENIOR MANAGEMENT AND ARE CONSIDERED COMMUNITY BENEFIT CONTRIBUTIONS. X 1 1 X X X 0 1 0 LINDA HOOVER CEO & PRESIDENT 434333 0 28833 0 7453 0 6875 0 9780 0 487274 0 0 0 KURT JOHNSON CFO 229866 0 15560 0 253 0 6142 0 52 0 251873 0 0 0 JAMES HENDERSON CAO 188212 0 13293 0 2247 0 29827 0 20968 0 254547 0 0 0 MICHAEL MIKKELSON CIO 207692 0 14281 0 433 0 5642 0 8997 0 237045 0 0 0 PETER STEIN SR VP-HUMAN RESOURCES 170688 0 11949 0 5852 0 4857 0 21358 0 214704 0 0 0 GLENN BRUSKY BRANCH MANAGER 132143 0 9940 0 437 0 3344 0 10763 0 156627 0 0 0 SHANNON HUOT SR VP MARKETING 124566 0 8735 0 248 0 3451 0 23052 0 160052 0 0 0 PART I, LINE 4B JAMES HENDERSON - $18,500 MICHAEL MIKKELSON - $4,228 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION CONSISTS OF MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE/SAVINGS ACCOUNT. EACH MEMBER HAS ONE VOTE TO ELECT THE GOVERNING BODY (BOARD OF DIRECTORS). FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP UTILIZING THEIR ONE VOTE PER MEMBER. FORM 990, PART VI, SECTION A, LINE 7B A MERGER IN WHICH EDUCATORS CREDIT UNION WAS NOT THE SURVIVING CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 8B MINUTES ARE NOT TAKEN FOR SUBCOMMITTEES OF THE BOARD, WITH THE EXCEPTION OF THE ALM COMMITTEE, TECHNOLOGY COMMITTEE AND THE AUDIT COMMITTEE. THE ACTIONS RECOMMENDED BY THE SUBCOMMITTEES ARE PRESENTED TO THE FULL BOARD FOR APPROVAL AND INCLUDED IN THEIR MINUTES. FORM 990, PART VI, SECTION B, LINE 11B INFORMATION IS GATHERED BY THE CONTROLLER AND THE HUMAN RESOURCES MANAGER. THE FORM 990 IS REVIEWED BY THE CFO AND THE CONTROLLER. A COPY OF THE 990 IS PROVIDED TO THE BOARD AFTER SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES ARE REQUIRED ANNUALLY TO SIGN THE OATH OF OFFICE AND REPORT ANY CONFLICTS OF INTEREST. THE ORGANIZATION ENCOURAGES EMPLOYEES TO DISCUSS POTENTIAL CONFLICTS WITH THEIR MANAGER, HUMAN RESOURCES, INTERNAL AUDIT, OR BY REPORTING TO OUR ANONYMOUS FRAUD LINE. ALL REPORTS ARE INVESTIGATED AND ADDRESSED AS NECESSARY. EMPLOYEE AND BOARD MEMBER ACCOUNTS ARE PERIODICALLY REVIEWED FOR ANY IRREGULARITIES THAT WOULD POINT TO A VIOLATION OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION OBTAINS ANNUAL SALARY DATA FROM A 3RD PARTY VENDOR. THE BUDGETING PROCESS AND BOARD APPROVE PERCENTAGE INCREASE FOR OVERALL SALARY INCREASES. ANNUAL INCREASES ARE GIVEN BASED ON SALARY RANGE, POSITION IN RANGE, PERFOMANCE, LENGTH OF EMPLOYMENT, TIME IN POSITION, AND THE BOARD APPROVED AVERAGE PERCENTAGE INCREASE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUESTS. FORM 990, PART XII, LINE 2C: THE BOARD IS IN CHARGE OF OVERSIGHT OF THE AUDIT PROCESS. THERE HAS BEEN NO CHANGE IN THE OVERSIGHT PROCESS FROM THE PRIOR YEAR. CENTER STREET REAL ESTATE LLC 1400 N NEWMAN ROAD RACINE WI 53406 REAL ESTATE WI 0 0 N/A IVANHOE PLACE REAL ESTATE LLC 1400 N NEWMAN ROAD RACINE WI 53406 REAL ESTATE WI 0 0 N/A HOWARD AVENUE REAL ESTATE LLC 1400 N NEWMAN ROAD RACINE WI 53406 REAL ESTATE WI 0 0 N/A MOUNT PLEASANT REAL ESTATE LLC 1400 N NEWMAN ROAD RACINE WI 53406 REAL ESTATE WI 0 0 N/A KITCHEN TABLE REAL ESTATE 1400 N NEWMAN ROAD RACINE WI 53406 REAL ESTATE WI 0 0 N/A WEST BEND REAL ESTATE 1400 N NEWMAN ROAD RACINE WI 53406 REAL ESTATE WI 0 0 N/A PLEASANT PRAIRIE LLC 1400 N NEWMAN ROAD RACINE WI 53406 REAL ESTATE WI 0 0 N/A ECU FINANCIAL SERVICES INC 1400 NORTH NEWMAN ROAD RACINE WI 53406 391941702 FINANCIAL SERVICES WI EDUCATORS CREDIT UNION C 154115 38184841 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0