2019-11-11T13:01:56-06:00 2018-12-31 390912608 HAWKINS ASH CPAS LLP 2360 DUCK CREEK PARKWAY GREEN BAY WI 543033300 990 2018-01-01 390906277 SUPERIOR CHOICE CREDIT UNION SUPE 8005694167 1320 GRAND AVENUE SUPERIOR WI 54880 BEN ALTONEN EVP/CHIEF FINANCIAL OFFICER 7153925616 2019-11-11 1 JEFFREY DANEN P01236582 9203369850 192.55.242.200 2019-11-11 08:27:38 CS P 65EFCDE8B311C332682DF9ABF2317EDE8F4291F2 65EFCDE8B311C332682DF9ABF2317EDE8F4291F2 2018 2020-04-17 16:48:07Z GARY ELLIOTT 1320 GRAND AVENUE SUPERIOR WI 54880 23973569 0 X WWW.SUPERIORCHOICE.COM X 1932 WI A NOT-FOR-PROFIT MEMBER-OWNED FINANCIAL INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS. 7 7 178 0 59525 0 0 0 19748821 21645099 448291 1706650 167642 324588 20364754 23676337 7500 7750 0 0 6135516 6846777 0 0 0 9312361 10905888 15455377 17760415 4909377 5915922 412256216 474858507 368728607 426847831 43527609 48010676 A NOT-FOR-PROFIT MEMBER-OWNED FINANCIAL INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS. OPERATIONS ARE PRIMARILY RELATED TO HOLDING DEPOSITS FOR AND MAKING LOANS TO MEMBERS. 0 0 FINANCIAL SERVICE PROVIDER TO INCLUDE LOANS, DEPOSITS, AND TRANSACTIONAL SERVICES TO ALL MEMBERS. 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 492 0 1 178 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X GARY ELLIOTT 7153925616 1320 GRAND AVENUE SUPERIOR WI 54880 WILLIAM ANDERSON EXCEUTIVE VICE CHAIR 1.00 X X 7351 0 0 JAMES LARSON VICE CHAIR - AUDIT 1.00 X 4426 0 0 GREG RUNNING VICE CHAIR - ALCO 1.00 X 4426 0 0 MARK CASPER CHAIRMAN OF THE BOARD 1.00 X X 6751 0 0 PAUL GILBERTSON TREASURER 1.00 X X 5226 0 0 PAMELA TAFALSKI VICE CHAIR - LOAN 1.00 X 4426 0 0 CHARLIE GLAZMAN VICE CHAIR - PERSONNEL 1.00 X 3276 0 0 GARY ELLIOTT PRESIDENT & CEO 40.00 X 315931 0 135731 BENJAMIN ALTONEN EVP/CHIEF FINANCIAL OFFICE 40.00 X 214867 0 33150 JOEL BRAUN EVP/CHIEF LENDING OFFICER 40.00 X 216498 0 14050 NATHAN TEPOEL VP BRANCH OPERATIONS 40.00 X 140084 0 55254 SANDIE ZANDER VP COMPLIANCE OFFICER 40.00 X 118727 0 17381 JOYE BEDARD VP COMMERCIAL SALES 40.00 X 112437 0 31996 DAVID STRUM VP COMMERCIAL SALES 40.00 X 114460 0 31437 1268886 0 318999 7 0 1 0 CU ANSWERS 600 28 ST SE STE 100 GRAND RAPIDS MI 49546 SOFTWARE AND COMPUTER PROCESSING 812366 FIRST DATA CORP 1000 CARR RD WILMINGTON DE 19809 INSTANT CASH SERVICE AND SUPPORT 560389 OUT THERE ADVERTISING 22 E 2ND ST DULUTH MN 55802 ADVERTISING, CONSULTING, AND MEDIA PACKA 319358 CW TECHNOLOGY 5614 GRAND AVE DULUTH MN 55802 IT SUPPORT SERVICES 316243 DATA FINANCIAL INC 1100 GLEN OAKS LN MEQUON WI 53092 EQUIPMENT SALES AND SERVICES 112018 5 INTEREST ON LOANS 522100 17256412 17256412 FEE INCOME 522100 1776985 1776985 INTERCHANGE FEES 522100 1283990 1283990 INSURANCE & OTHER OPERATING INCOM 522100 1268187 1268187 INSURANCE SALES 524298 45509 45509 14016 14016 21645099 1155044 1155044 75570 15018 60552 60552 60552 250357 583463 282214 0 -31857 583463 551606 583463 -31857 NON-OPERATING INCOME 522100 264036 264036 264036 23676337 22433073 59525 1183739 7750 1268886 4622964 74782 460257 419888 71414 730 319585 510921 2256216 566991 522201 184057 692466 930412 123684 DIVS ON SHARES 2964411 PROVISION FOR BAD DEBT 525000 LOAN ORIGINATION & SERV 516852 OTHER EXPENSES 495692 225256 17760415 39243009 55240570 12781516 7310374 29569 121078 334437267 378583821 401230 475907 20889448 10411046 10222020 10478402 4164576 4920958 1647617 2069339 5928478 9329412 9729580 412256216 474858507 2807445 2940059 27500000 42500000 338421162 381407772 368728607 426847831 X 0 0 0 0 43527609 48010676 43527609 48010676 412256216 474858507 X 5915922 -8370 -1424485 X 0 1 X 1 0 1 1303395 1441453 1377150 1367698 0 2245438 2245438 11079740 3959839 7119901 7564270 6451207 1113063 10478402 SHARES 381407772 381407772 X 23676337 0 23676337 0 23676337 17760415 0 17760415 0 17760415 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, 2018 AND 2017, 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 NORTHWEST WISCONSIN COMMUNITY SERVICES AGENCY INC - FOOD PANTRY 1118 TOWER AVENUE SUPERIOR WI 54880 391091469 501(C)(3) 7750 DONATION FOR FOOD PANTRY TO HELP LOCAL RESIDENTS X 1 1 X X X X X X 0 1 0 GARY ELLIOTT PRESIDENT & CEO 283202 0 32729 0 0 0 121138 0 14593 0 451662 0 0 0 BENJAMIN ALTONEN EVP/CHIEF FINANCIAL OFFICE 196856 0 18011 0 0 0 10823 0 22327 0 248017 0 0 0 JOEL BRAUN EVP/CHIEF LENDING OFFICER 198487 0 18011 0 0 0 11400 0 2650 0 230548 0 0 0 NATHAN TEPOEL VP BRANCH OPERATIONS 130582 0 9502 0 0 0 35774 0 19480 0 195338 0 0 0 PART I, LINE 1A EXPLANATION: TRAVEL FOR COMPANIONS WAS AVAILABLE FOR EDUCATIONAL EVENTS, LEAGUE CONVENTIONS, CHAPTER EVENTS, AND STRATEGIC PLANNING OFF SITE RETREATS. PART I, LINE 4B SIX KEY EMPLOYEES PARTICIPATED IN A DEFERRED COMPENSATION PLAN DURING 2018. AS OF 12/31/18, THE BALANCE OF THESE DEFERRED COMPENSATION AGREEMENTS WAS APPROXIMATELY $268,000. THERE WERE NO DISBURSEMENTS FROM THE PLAN IN 2018. FORM 990, PART VI, SECTION A, LINE 4 THE CREDIT UNION UPDATED ITS BYLAWS DURING 2018 TO EXPAND ITS FIELD OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE PRESIDENT AND CFO AND PRESENTED TO THE BOARD OF DIRECTORS AT THEIR MONTHLY MEETING IMMEDIATELY FOLLOWING THE SUBMISSION OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURES OF FAMILY AND BUSINESS RELATIONSHIPS IS REQUIRED FROM ALL INSIDERS. INTERNAL AND EXTERNAL AUDITS OF THESE RELATIONSHIPS ARE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15 MANAGEMENT AND STAFF SALARIES, OTHER THAN THE PRESIDENT, ARE ADMINISTERED THROUGH THE USE OF THE COMPANIES SALARY ADMINISTRATION PROGRAM. THE SYSTEM PROVIDES A STRUCTURED APPROACH TO SALARY GRADING AND COMPARABLE SALARIES FOR ALL POSITIONS ON STAFF. ALL SALARY ADJUSTMENTS ARE MADE ACCORDING TO BOARD APPROVED MATRICES WITH FINAL REVIEW AND APPROVAL BY THE PRESIDENT. THE PRESIDENT'S SALARY AND ANNUAL ADJUSTMENT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND POLICIES OF THE CREDIT UNION ARE AVAILABLE UPON WRITTEN REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FINANCIAL INFORMATION IS POSTED IN THE LOBBY EACH MONTH. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: NET CHANGE IN UNRECOGNIZED PENSION (LOSS) GAIN AND TRANSITION OBLIGATION -1,424,485.