2018-03-23T10:53:17-05:00 2017-12-31 811697509 AUDIT THREESIXTY 1202 JOHNSON ST ONALASKA WI 546502008 990 2017-01-01 396050513 NEW CREDIT UNION NEWC 9208482793 301 JACKSON STREET OCONTO FALLS WI 54154 LISA GILLIGAN CEO 9208482793 2018-03-20 PETER RASMUSSEN P01888997 6083173765 2018-03-23 X 2017 2022-09-23 18:48:47Z LISA GILLIGAN 301 JACKSON ST OCONTO FALLS WI 54154 4412865 false X WWW.NEWCU.ORG X 1962 WI THE MISSION OF N.E.W. CREDIT UNION IS TO: -PROVIDE EXCEPTIONAL SERVICE TO ALL MEMBERS/OWNERS. -OFFER A VARIETY OF PERSONALIZED, CONVENIENT AND QUALITY SERVICES TO ASSIST MEMBER/OWNERS IN REACHING THEIR FINANCIAL GOALS. -PROTECT THE ASSETS OF THE MEMBER/OWNERS AND ASSURE THE FINANCIAL STABILITY OF THE CREDIT UNION. -ENCOURAGE CONTINUING FINANCIAL EDUCATION AND PROVIDE ENRICHMENT OPPORTUNITIES FOR MEMBER/OWNERS OF ALL AGES. -ACTIVELY SERVE THE COMMUNITIES IN WHICH OUR MEMBER/OWNERS LIVE AND WORK. 7 7 52 10 12999 7907 0 3600180 3846268 247639 309726 20439 20908 3868258 4176902 5840 3930 0 1621258 1747284 0 0 1709018 2031529 3336116 3782743 532142 394159 84605785 101396757 74943831 89457926 9661954 11938831 X THE MISSION OF N.E.W. CREDIT UNION IS TO: -PROVIDE EXCEPTIONAL SERVICE TO ALL MEMBERS/OWNERS. -OFFER A VARIETY OF PERSONALIZED, CONVENIENT AND QUALITY SERVICES TO ASSIST MEMBER/OWNERS IN REACHING THEIR FINANCIAL GOALS. -PROTECT THE ASSETS OF THE MEMBER/OWNERS AND ASSURE THE FINANCIAL STABILITY OF THE CREDIT UNION. -ENCOURAGE CONTINUING FINANCIAL EDUCATION AND PROVIDE ENRICHMENT OPPORTUNITIES FOR MEMBER/OWNERS OF ALL AGES. -ACTIVELY SERVE THE COMMUNITIES IN WHICH OUR MEMBER/OWNERS LIVE AND WORK. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 378 NEW MEMBER DEPOSIT ACCOUNTS IN 2017. AS OF 12/31/17 WE HAD 12,011 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 1,801 NEW LOANS TO OUR MEMBERS DURING 2017. AS OF 12/31/17 WE HAD 6,000 LOANS TO OUR MEMBERS. . false false false false false false false true false true false true 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 2141 0 true 52 true true true false false false false false X 7 7 false false true false true true true true true false false false true true true true true true true false X LISA GILLIGAN 9208482793 301 JACKSON ST OCONTO FALLS WI 54154 WILLIAM KAMKE CHAIR 0.50 X X 0 0 0 KEN HARTER VICE CHAIR 0.50 X X 0 0 0 TAMMY STEFFECK TREASURER 0.50 X X 0 0 0 TAMMIE MCCARTHY SECRETARY 0.50 X X 0 0 0 LELAND NICHOLAS DIRECTOR 0.50 X 0 0 0 DIANE LAPLANT DIRECTOR 0.50 X 0 0 0 JEFF BEHNKE DIRECTOR 0.50 X 0 0 0 LISA GILLIGAN CEO 45.00 X 105009 0 31119 105009 31119 1 false false false FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 DATA PROCESSING 596000 1 INTEREST ON LOANS 522130 2727038 2727038 OTHER MEMBER REVENUE 522130 642077 642077 MEMBER FEE REVENUE 522130 464154 464154 NON-MEMBER ATM FEES 522100 7568 7568 NON-MEMBER CVR/DMV FEES 900099 3610 3610 1821 1821 3846268 353689 353689 20908 20908 192000 235963 -43963 -43963 -43963 4176902 3789306 12999 374597 2802 1128 105009 1157171 51529 337018 96557 14248 122385 1200378 124512 81536 15646 115 153105 34184 DIVIDENDS PAID TO MEMBERS 181037 PROVISION FOR LOAN LOSS 104383 3782743 0 0 0 958599 1015292 11721764 13998916 170644 532683 59080743 71397194 181565 163492 4154128 2538690 1368854 1615438 10246092 11623732 877524 1050010 84605785 101396757 338101 1103961 221195 233972 74384535 88119993 74943831 89457926 X 9661954 11938831 9661954 11938831 84605785 101396757 394159 47351 1835367 X false false false true X 78890 78890 2614124 1343734 1270390 1461114 1194956 266158 1615438 INVESTMENTS W/ MATURITY > 1 YR 9742308 C AFS INVESTMNTS MATURITY > 1 YR 1112029 F CAPITAL ACCTS AT CORPORATE CU 751662 C STOCK - WISCUB & SHARED SVC CTR 17733 C 11623732 MEMBER SHARES & CERTIFICATES 88314445 457 B PLAN 39520 ESCROW ACCTS TO LINE 21 BAL SHEET -233972 88119993 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 TO MEMBERS. FORM 990 - ORGANIZATION'S MISSION THE MISSION OF N.E.W. CREDIT UNION IS TO: -PROVIDE EXCEPTIONAL SERVICE TO ALL MEMBERS/OWNERS. -OFFER A VARIETY OF PERSONALIZED, CONVENIENT AND QUALITY SERVICES TO ASSIST MEMBER/OWNERS IN REACHING THEIR FINANCIAL GOALS. -PROTECT THE ASSETS OF THE MEMBER/OWNERS AND ASSURE THE FINANCIAL STABILITY OF THE CREDIT UNION. -ENCOURAGE CONTINUING FINANCIAL EDUCATION AND PROVIDE ENRICHMENT OPPORTUNITIES FOR MEMBER/OWNERS OF ALL AGES. -ACTIVELY SERVE THE COMMUNITIES IN WHICH OUR MEMBER/OWNERS LIVE AND WORK. FORM 990, PAGE 6, PART VI, LINE 4 CHANGED BY-LAWS TO INCREASE BOARD OF DIRECTORS FROM 5 TO 7 DIRECTORS, AND CHANGED FIELD OF MEMBERSHIP TO ADD ALL WHO LIVE OR WORK IN MENOMINEE COUNTY MICHIGAN. 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 DATA TO INDEPENDENT PREPARER WHO COMPLETES THE 990. MANAGEMENT REVIEWS THE RETURN FOR ACCUARCY AND THEN AUTHORIZES THE PREPARER TO E-FILE THE APPROVED RETURN. FORM 990, PAGE 6, PART VI, LINE 12C POLICY IS REVIEWED ANNUALLY AND SIGNED BY EACH MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS USES THE WI LEAGUE AND CUNA SALARY SURVEYS AS A GUIDELINE FOR DETERMINING CEO COMPENSATION. THE BOARD DOCUMENTS APPROVAL OF THE CEO COMPENSATION IN THE MINUTES. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTORS USES THE WI LEAGUE AND CUNA SALARY SURVEYS AS A GUIDELINE FOR DETERMINING KEY EMPLOYEE COMPENSATION. THE BOARD DOCUMENTS COMPENSATION APPROVAL IN THE MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY, AND ARE INCLUDED IN THE ANNUAL REPORT PROVIDED AT ANNUAL MEETING. FORM 990, PART XI, LINE 9 EQUITY ACQUIRED IN MERGER 1,835,367