2018-05-14T14:22:32-05:00 2017-12-31 390912608 HAWKINS ASH CPAS LLP 2360 DUCK CREEK PARKWAY GREEN BAY WI 543033300 990 2017-01-01 390860994 SIMPLICITY CREDIT UNION SIMP 7153873702 222 UPHAM AVENUE MARSHFIELD WI 544490790 PATRICIA WESENBERG CFO 7152076801 2018-05-09 1 JEFFREY DANEN P01236582 9203369850 2017 2022-09-23 18:48:47Z PATRICIA WESENBERG 222 UPHAM AVENUE MARSHFIELD WI 54449 11980842 0 X WWW.SIMPLICITY.COOP X 1949 WI A NONPROFIT MEMBER-OWNED THRIFT INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS. OPERATIONS ARE PRIMARILY RELATED TO HOLDING DEPOSITS FOR AND MAKING LOANS TO MEMBERS. 9 9 109 0 9188 -17662 0 0 10785238 11130664 604616 838974 167715 4291 11557569 11973929 0 0 0 0 4215571 4579825 0 0 0 5186291 5218691 9401862 9798516 2155707 2175413 234156223 240421832 209944645 214001205 24211578 26420627 A NONPROFIT MEMBER-OWNED THRIFT INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS. OPERATIONS ARE PRIMARILY RELATED TO HOLDING DEPOSIT FOR AND MAKING LOANS TO MEMBERS. 0 0 HOLDING DEPOSITS FOR AND MAKING LOANS TO MEMBERS 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 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 4970 0 1 109 1 1 1 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 1 0 X PATRICIA WESENBERG 7153873702 222 UPHAM AVENUE MARSHFIELD WI 544490790 RICHARD VOIGT CHAIRMAN 1.00 X X 1080 0 0 MARK PAGE VICE CHAIR 0.75 X X 780 0 0 JOHN WELTER DIRECTOR 0.50 X 400 0 0 PATTI SHAFTO-CARLSON DIRECTOR 0.50 X 450 0 0 HERB STEPHANI DIRECTOR 0.50 X 500 0 0 TOM MCCARTEN DIRECTOR 0.50 X 450 0 0 SUE SHULFER SECRETARY/TREASURER 0.75 X X 650 0 0 CLIFF WIERNIK DIRECTOR 0.50 X 300 0 0 BOBBI BRADLEY DIRECTOR 0.50 X 500 0 0 PATRICIA WESENBERG PRESIDENT/CEO 40.00 X 236663 0 25413 DARLYNE KELLER CHIEF ADMINISTRATION OFFIC 40.00 X 140314 0 0 KELLY KORTH CHIEF EXPERIENCE OFFICER 40.00 X 119795 0 0 501882 0 25413 3 0 1 0 SECURITY HEALTH PLAN 1515 ST JOSEPHS AVE PO BOX 8000 MARSHFIELD WI 54449 MEDICAL INSURANCE PREMIUMS 752942 FISERV 75 REMITTANCE DRIVE SUITE 1649 CHICAGO IL 60675 DEBIT CARD PROCESSING, COMPUTER MAIN FRA 544945 LAMACCHIA GROUP 157 NORTH MILWAUKEE STREET MILWAUKEE WI 53202 CONTRACTOR FOR BUILDING REMODELS 449839 NUSOURCE FINANCIAL I 9749 HAMILTON ROAD EDEN PRAIRE MN 55344 ATMS, TELLER CASH RECYCLERS 448293 NCR CORPORATION FKA DIGITAL INSIGHT PO BOX 740641 LOS ANGELES CA 90051 HOME BANKING 446975 5 PROG.SERV.REVENUE-RELATED-990 522100 11121476 11121476 UBIT INCOME 900099 9188 9188 11130664 845887 845887 4291 0 4291 4291 4291 6913 -6913 -6913 -6913 11973929 11114563 9188 850178 X 501882 2722900 186850 932430 235763 214595 76694 54117 147707 110994 521183 370030 144938 784491 DIVIDENDS ON SHARES 589089 HOME BANKING EXPENSE 453525 LOAN ORIGINATION AND SE 423467 DEBIT/CREDIT CARD EXPEN 305019 1022842 9798516 11545579 3036573 35566000 40148276 1403596 1701146 156063398 163879206 429489 382137 14117343 5517285 6529964 8600058 14711675 15190951 2667649 2605491 5238873 4877994 234156223 240421832 1434037 2230012 208510608 211771193 209944645 214001205 X 0 0 4469849 4469849 19741729 21950778 24211578 26420627 234156223 240421832 2175413 33636 0 X X 0 1 X 1 0 575920 575920 8140829 1659099 6481730 16910 16910 0 4992747 3569182 1423565 390937 272094 118843 8600058 SHARES 211771193 211771193 X 11973929 0 11973929 0 11973929 9798516 0 9798516 0 9798516 PART X, LINE 2: U.S. 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, 2016, 2015, AND 2014, 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. X X X 1 1 X X X 0 0 0 PATRICIA WESENBERG PRESIDENT/CEO 236663 0 0 0 0 0 0 0 0 0 236663 0 0 0 PART I, LINE 1A CONTRACTUAL OBLIGATION. PART I, LINE 1B GROUP LIFE/SPLIT DOLLAR PATRICIA WESENBERG PRESIDENT/CEO SPLIT DOLLAR LIFE INSURANCE POLICY X 1701146 1701146 0 1 1 1701146 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE INDIVIDUALS LIVING OR WORKING IN ADAMS, CLARK, JACKSON, MARATHON, PORTAGE, SHAWANO, WAUPACA, WAUSHARA, WOOD COUNTIES AND THE TOWNSHIP OF ALMA; EMPLOYEES OF THE CP RAIL SYSTEMS, COPPS COMPANY AND CORPORATION, DELTA DENTAL PLAN OF WISCONSIN, DONALDSON COMPANY, CORPORATE EXPRESS, HERRSCHNERS, INC., NAPA DISTRIBUTION CENTER, SKYWARD, STEEL KING INDUSTRIES, INC., SNE CORPORATION, SUNRISE MEDICAL, AND STOCKHOLDERS OR PATRONS OF THE TOMORROW VALLEY CO-OP. 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 BOARD MEETING FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS BOTH A FRAUD AND ANIT-BRIBERY ACT POLICY IN THE HANDBOOK THAT EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE EACH YEAR THAT ADDRESES PREFERENTIAL TREATMENT, THE ACCEPTANCE OF GIFTS FROM A THIRD PARTY TO DERIVE SPECIAL FAVORS, AND UNAUTHORIZED DISCLOSURE OR MANIPULATION OF MEMBER ACCOUNT INFORMAITON. ALL BOARD MEMBERS MUST SIGN A CODE OF CONDUCT AGREEMENT AND CONFLICT OF INTEREST STATEMENT AND DISCLOSURE ANNUALLY AS PART OF THE REORGANIZATIONAL MEETING. FORM 990, PART VI, SECTION B, LINE 15 VARIOUS SOURCES OF COMPARATIVE DATA ARE USED AND RANGES ARE DETERMINED FOR EACH POSITION. THESE RANGES ARE REVIEWED AGAINST INDUSTRY STANDARDS EACH YEAR AND AJUSTED AS NECESSARY. THE BOARD REVIEWS CEO ANNUALLY AND THE CEO REVIEWS PERFORMANCE OF KEY EMPLOYEES ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND AN ANNUAL REPORT IS PRINTED FOR EACH YEAR-END. ANY OTHER REQUESTS FOR INFORMATION WOULD BE SUBMITTED TO THE PRESIDENT/CEO OR BOARD CHAIRMAN FORM 990, PART IX, LINE 24E OTHER EXPENSES 284,856. PROVISION FOR BAD DEBT 240,000. POSTAGE 120,291. TELEPHONE 108,295. SURETY BOND EXPENSE 76,133. DUES 71,820. SERVICE CHARGES 66,462. MISC WRITE OFFS 38,615. TAXES 15,454. CASH OVER & SHORT 1,241. ATM CASH OVER & SHORT -325. FORM 990 PART XII LINE 2C NO CHANGE AS THE BOARD OF DIRECTORS OVERSEES THE AUDIT. SIMPLICITY CREDIT UNION CORPORATION 222 EAST UPHAM STREET MARSHFIELD WI 54449 391518100 SALE OF INSURANCE WI SIMPLICITY CREDIT UNION C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0