2017-11-15T13:35:21-06:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2016-01-01 396264347 COMMUNITY FIRST CREDIT UNION COMM 9208307200 PO BOX 1487 APPLETON WI 549121487 CATHERINE J TIERNEY CEO/PRESIDENT 9208307200 2017-11-14 1 JEFF PARKER P00970069 5074347000 2017-11-14 67.137.57.251 2017-11-14 19:45:32 CS P C64F2497C9F983EF2FA6B112E39EF676582BFA31 AF9232A40734834E6FD6092D69C982177D7099A1 2016 2017-02-10 21:41:12Z CATHERINE J TIERNEY PO BOX 1487 APPLETON WI 549121487 104451207 0 X WWW.COMMUNITYFIRSTCU.ORG X 1975 WI OUR MISSION IS TO BE OUR MEMBERS' PRIMARY FINANCIAL SERVICES PROVIDER. 9 8 575 8 91447 -49019 0 0 93746655 100567302 1186752 1992681 -7787 -7717 94925620 102552266 0 0 11546876 14759549 24931008 26953342 0 0 0 20391893 22467845 56869777 64180736 38055843 38371530 2344908185 2619103646 2061262773 2298413566 283645412 320690080 X COMMUNITY FIRST CREDIT UNION WILL PROVIDE HIGH QUALITY, COMPETITIVE FINANCIAL PRODUCTS AND SERVICES WHICH ANTICIPATE AND EXCEED OUR MEMBERS' NEEDS. WE INTEND TO BE THE PRIMARY FINANCIAL ORGANIZATION FOR OUR MEMBERS BY EARNING AND MAINTAINING THEIR TRUST, BY MAINTAINING A BALANCE BETWEEN SOUND GROWTH, EARNINGS AND RESERVES, BY PROVIDING A CHALLENGING AND REWARDING ENVIRONMENT FOR OUR EMPLOYEES AND BY CONTRIBUTING TO THE SOCIAL AND ECONOMIC WELL-BEING OF THE COMMUNITIES WE SERVE. 0 0 PROVIDED FINANCIAL SERVICES TO 126,544 MEMBER OWNERS IN 2016. FUNDED 21,095 LOANS TO THESE MEMBERS IN 2016 FOR $980,860,948. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 64794 0 1 575 1 1 1 0 0 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X CATHERINE J TIERNEY 9208307220 2626 S ONEIDA ST APPLETON WI 54912 CATHERINE J TIERNEY CEO/PRESIDENT/TREASURER 40.00 X X 707752 0 202526 TERRI TOWLE CHAIRPERSON 1.00 X X 0 0 0 DANIEL FERRIS VICE-CHAIRPERSON 1.00 X X 0 0 0 MARY HULTGREN SECRETARY 1.00 X X 0 0 0 JAY FULKERSON BOARD MEMBER 1.00 X 0 0 0 DEAN HAWKINSON BOARD MEMBER 1.00 X 0 0 0 DR SUSAN MAY BOARD MEMBER 1.00 X 0 0 0 DAVID PEPERKORN BOARD MEMBER 1.00 X 0 0 0 WILLIAM PETERS BOARD MEMBER 1.00 X 0 0 0 TIMOTHY SCIBORSKI CHIEF LENDING OFFICER 40.00 X 205392 0 108878 MARY J SULLIVAN CHIEF FINANCIAL OFFICER 40.00 X 297078 0 44977 SCOTT STEINFORT CHIEF TECHNOLOGY OFFICER 40.00 X 231142 0 53324 JEFFREY SCHWEITZER SVP FACILITIES AND PURCHASE 40.00 X 186294 0 86742 KEVIN HARTZ SVP BRANCH OPERATIONS 40.00 X 224362 0 41393 AMANDA SECOR SVP MARKETING 40.00 X 165727 0 22635 KIM VAN OSDOL SVP BUSINESS SERVICES 40.00 X 238504 0 141954 LAURIE BUTZ SVP ORG. DEVELOPMENT, INVESTMENTS & 40.00 X 208433 0 36224 2464684 0 738653 22 0 1 0 MIRON CONSTRUCTION 1471 MCMAHON DR NEENAH WI 54956 CONSTRUCTION 19117010 BURTON KARSTEDT INC 2336 HIGHPOINT DR LINDENHURST IL 60046 ADVERTISING 2234207 FISERV 75 REMITTANCE DRIVE SUITE 6962 CHICAGO IL 606756962 DATA PROCESSING 1674189 US DEPT OF EDUCATION PO BOX 979066 ST LOUIS MO 631979000 FFEL CONSOLIDATION LOAN REBATE FEES 339584 ACCENTURE PO BOX 28662 CHICAGO IL 60673 CONSULTING 252885 14 LOAN INTEREST 900099 75610302 75610302 OTHER OPERATING INCOME 900099 16386565 16385045 1520 FEES & SERVICE CHGS 522100 8570435 8472791 97644 100567302 2085248 2085248 24435 32152 -7717 -7717 -7717 1774222 1866789 -92567 -92567 -92567 102552266 100468138 91447 1992681 14759549 1851069 19588669 2340749 1666171 1506684 147053 226300 2772458 2371549 1862685 262287 450673 2255722 365117 OFFICE OPERATIONS EXPEN 5349320 LOAN SERVICING EXPENSES 3091949 PROVISION FOR LOAN LOSS 1794921 PUBLIC RELATIONS 960934 556877 64180736 22616774 34601396 8974 87086 1942334219 2146164131 11083764 11733260 79119809 26359168 33602047 52760641 329144119 368856586 6118288 4900546 2344908185 2619103646 25227242 35074936 2036035531 2263338630 2061262773 2298413566 X 0 0 0 0 283645412 320690080 283645412 320690080 2344908185 2619103646 X 38371530 -1326862 X X 0 0 0 13313279 13313279 46059429 11002341 35057088 629649 65889 563760 18865604 15171542 3694062 251848 119396 132452 52760641 INVESTMENTS - PROGRAM RELATED 368856586 C 368856586 MEMBER ACCOUNTS 2263338630 2263338630 X 1 1 X X X X 0 1 0 CATHERINE J TIERNEY CEO/PRESIDENT/TREASURER 489490 0 195366 0 22896 0 182223 0 20303 0 910278 0 0 0 TIMOTHY SCIBORSKI CHIEF LENDING OFFICER 162245 0 35627 0 7520 0 87902 0 20976 0 314270 0 0 0 MARY J SULLIVAN CHIEF FINANCIAL OFFICER 230588 0 61230 0 5260 0 34515 0 10462 0 342055 0 0 0 SCOTT STEINFORT CHIEF TECHNOLOGY OFFICER 186785 0 39582 0 4775 0 32934 0 20390 0 284466 0 0 0 JEFFREY SCHWEITZER SVP FACILITIES AND PURCHASE 145046 0 35660 0 5588 0 66420 0 20322 0 273036 0 0 0 KEVIN HARTZ SVP BRANCH OPERATIONS 184070 0 35582 0 4710 0 39164 0 2229 0 265755 0 0 0 AMANDA SECOR SVP MARKETING 135034 0 26439 0 4254 0 21739 0 896 0 188362 0 0 0 KIM VAN OSDOL SVP BUSINESS SERVICES 191566 0 40286 0 6652 0 122355 0 19599 0 380458 0 0 0 LAURIE BUTZ SVP ORG. DEVELOPMENT, INVESTMENTS & 170313 0 33013 0 5107 0 33598 0 2626 0 244657 0 0 0 PART I, LINE 1A THE CREDIT UNION PROVIDES TRAVEL FOR SPOUSES WHEN TRAVELING WITH BOARD MEMBERS ONLY. PART I, LINE 4B PART I, LINE 4B, SCHEDULE J, PART III, SUPPLEMENTAL INFORMATION. DEFERRED COMPENSATION PLAN SECTION 457(F) PLAN - THE CREDIT UNION HAS A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR THE ORGANIZATION'S CEO/PRESIDENT/TREASURER. UNDER THE TERMS OF THE PLAN, THE PARTICIPANT IS ENTITLED TO PAYOUT IF THE EMPLOYEE REMAINS EMPLOYED BY THE CREDIT UNION UNTIL A PREDETERMINED TIME. DEFERRED COMPENSATION EXPENSE RELATED TO THIS PLAN WAS $103,429 FOR THE YEAR. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OWNER HAS ONE VOTE TO ELECT ONE OR MORE DIRECTORS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER HAS ONE VOTE TO UTILIZE IN RATIFYING SIGNIFICANT DECISIONS BEYOND THE AUTHORITY OF THE BOARD AS OUTLINED BY THE ORGANIZATION'S BYLAWS. ANY DECISION TO DISSOLVE OR MERGE THE ORGANIZATION REQUIRES APPROVAL OF MEMBERSHIP, UNLESS MANDATED BY REGULATORY AGENCY (I.E. NCUA, WISCONSIN OFFICE OF CREDIT UNIONS). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY CEO AND PRESENTED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS COMPLETES A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE USED AN OUTSIDE COMPENSATION CONSULTANT FOR CEO AND KEY EMPLOYEE COMPENSATION. THE COMPENSATION CONSULTANT WORKS DIRECTLY WITH THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THE DELIBERATION AND DECISIONS FOR SETTING COMPENSATIONS ARE DOCUMENTED AS APPROPRIATE. THIS PROCESS WAS LAST CONDUCTED IN 2016. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE REVIEWED BY THE BOARD OF DIRECTORS MONTHLY AND AN ANNUAL REPORT IS AVAILABLE TO MEMBERSHIP EACH YEAR. THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME -1,326,862. FORM 990, PART XII, LINE 2B: AUDITED FINANCIAL STATEMENTS: THE ORGANIZATION HAS AN AUDIT PERFORMED EACH YEAR AS OF SEPTEMBER 30TH. THIS QUESTION IS BEING ANSWERED 'NO' ONLY BECAUSE THE REPORTING PERIOD FOR THE ANNUAL AUDIT DOES NOT MATCH THE DECEMBER 31ST REPORTING PERIOD FOR THE FORM 990. FORM 990, PART XII, LINE 2C: A FINANCIAL AUDIT IS PERFORMED ANNUALLY ALONG WITH INTERNAL AUDITS WHICH ARE PERFORMED THROUGHOUT THE YEAR. THE AUDIT PLAN AND ACTUAL AUDIT REPORTS ARE REVIEWED WITH THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. COMMUNITY FIRST SERVICES INC PO BOX 1487 APPLETON WI 54912 391604353 INSURANCE WI COMMUNITY FIRST CREDIT UNION C 133574 740025 1.00000 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 COMMUNITY FIRST SERVICES INC A 24435 COST