2017-11-14T12:15:24-00:00 2016-12-31 990 2016-01-01 420674206 Dupaco Community Credit Union DUPA 5635577600 3999 Pennsylvania Ave Dubuque IA 52002 Danielle D Gratton CFO 2017-11-14 false 198.40.248.22 2017-11-14 18:11:27 CS P 16F47C7A20E90CEBD4F4AA48FFF8B8736023A6A4 3F0AD2F841CF6316D32AA430DED5B31E4EE9CF47 2016 2017-02-10 21:41:12Z X Joseph Hearn 3999 Pennsylvania Ave Dubuque IA 52002 115140859 false X www.dupaco.com X 1948 IA Member-owned financial cooperative that offers a complete line of services. Dupacos vision is To be our members lifetime financial home and our mission is To improve our members financial position and build valued 9 9 453 9 348195 -49780 7500 62143276 68365857 12224107 11465742 382211 209506 74749594 80048605 500000 0 21214203 23979640 0 0 30629340 36984483 51843543 61464123 22906051 18584482 1339209045 1515034790 1140199165 1300766428 199009880 214268362 To improve our members financial position and build valued relationships by delivering personalized financial advice, products, and services. false false To promote thrift and financial literacy in the communities which we serve. Collaborate with our members to become their lifetime financial home while providing no/low cost financial services and competitive loan and deposit rates. false false false false false false false false false true false true false true true true true false false false false false false false false false true false true false true false false false false false false false false false true false false true 69673 0 true 453 true true true false false false false false X 9 9 false false false false true true true true true false true true true true true true true true true true false false IL X Danielle D Gratton CFO 5635577600 3999 Pennsylvania Ave Dubuque IA 52002 Denise Dolan Director 001.00 001.00 X 0 0 0 Randy Skemp Director 001.00 001.00 X 0 0 0 Ronald Mussehl Director 001.00 001.00 X 0 0 0 Renee Poppe Director 001.00 001.00 X 692 0 0 J Stephan Chapman Director 001.00 001.00 X 2366 0 0 Ron Meyers Director 001.00 001.00 X 1778 0 0 Jeff Gonner Director 001.00 001.00 X 750 0 0 Bob Wethal Director 001.00 001.00 X 0 0 0 Andy Schroeder Director 001.00 001.00 X 0 0 0 Joseph Hearn President/CEO 050.00 050.00 X 454072 0 174790 Danielle Gratton Chief Financial Officer 050.00 050.00 X 292732 0 107831 Matt Dodds Chief Operating Officer 050.00 050.00 X 269639 0 99559 Steve Ervolino Chief Information Officer 050.00 050.00 X 240945 0 92888 David Klavitter Chief Marketing Officer 050.00 050.00 X 226527 0 85846 Leo Costello SVP Business Development 050.00 050.00 X 135332 0 21957 Nancy Tekippe SVP Service Delivery/Operations 050.00 050.00 X 195232 0 70342 Michael Schroeder Financial Services Manager 050.00 050.00 X 179029 0 18791 Suzan Martin-Hallahan Financial Services Consultant 050.00 050.00 X 156611 0 16653 Andy Katrichis SVP Bus Lending 050.00 050.00 X 135059 0 13747 Robert Hoefer Consultant to the Board of Directors 030.00 030.00 X 118986 0 0 John Koppes SVP Bus Lending 050.00 050.00 X 124405 0 13005 2534155 715409 22 true true false The Members Group PO Box 8388 Des Moines IA 50301 Card Processing 4086235 Preferred Health Choices LLC 1605 Associates Dr Suite 101 Dubuque IA 52002 Health Insurance 3720016 Kirk Gross Company PO Box 2097 Waterloo IA 50704 Architecture 1808708 SHI International Corp PO Box 952121 Dallas TX 75395 Data Processing 1029580 Data Business Equipment 10513 Buena Vista Court Des Moines IA 50322 Business Equipment 899933 44 7500 7500 Non-Member ATM Fees 522110 64445 64445 Member Service Income 522100 68017662 68017662 MBP Insurance Income 524298 283750 283750 68365857 11497482 11497482 22800 22800 22800 33877169 1183345 33734017 1358237 143152 -174892 -31740 Miscellaneous Income 900099 186706 186706 186706 80048605 68204368 348195 11497482 500000 0 0 0 0 1489501 16576976 1505720 3210577 1196866 0 280574 223501 0 0 0 6152552 959529 2231516 0 2171681 0 0 0 9644613 0 2420633 146283 Draft Charges 1972213 Miscellaneous Expense 1625117 Operating Expense 4463657 Provision for Loan Loss 4692614 0 61464123 15765338 15769809 78944500 100981842 823172 1626081 1850770 2187264 792821468 890163539 769436 1048595 51320164 22654384 25887566 28665780 290824579 334105975 106888344 114023792 24633872 26462113 1339209045 1515034790 6608064 6757839 20038516 75000000 1113552585 1219008589 1140199165 1300766428 X 199009880 214268362 199009880 214268362 1339209045 1515034790 X 18584482 -3326000 X false true X true false false 4526197 4526197 28414013 8662285 19751728 18379954 13992099 4387855 28665780 Financial derivatives and other financial products Closely-held equity interests FHLB Stock 8143900 F CDs/Mutual Funds 71541073 F Dupaco Financial Services Investment 1338819 F TMG Financial Service Cap Loan Program 33000000 F 114023792 Federal income taxes Regular Shares 255253154 Member Shares 582269525 Certificates 381485910 1219008589 X 80048605 80048605 80048605 61464123 61464123 61464123 X 2 The Credit Union is exempt, under IRC 501c14, from federal and state income taxes. The Credit Union has filed tax returns in the past for activities it has deemed taxable. The taxing authorities have the ability to assess taxes, penalties and interest for any years for which no tax return was filed. In the opinion of management, any liability resulting from taxing authorities imposing income taxes on the net taxable income from activities potentially deemed to be unrelated to the Credit Unions exempt purpose is not expected to have a material effect on the Credit Unions financial position or results of operations. The Credit Union evaluated its tax positions and determined no uncertain tax positions exist as of December 31, 2016 and 2015. The Credit Unions 2012 through 2015 tax years are open for examination by federal and state taxing authorities. true Dupaco RW Hoefer Foundation 3999 Pennsylvania Avenue Dubuque IA 52002 454145438 501c3 500000 General support 1 Part I Line 1 The organization issues funds to be used at the recipients discretion. X X true true X X X X X false true false Joseph Hearn President/CEO 328876 104301 20895 174790 2352 631214 Danielle Gratton Chief Financial Officer 219590 67945 5197 107831 2326 402889 Matt Dodds Chief Operating Officer 205687 58557 5395 99559 2286 371484 Steve Ervolino Chief Information Officer 184127 55282 1536 92888 2169 336002 David Klavitter Chief Marketing Officer 169075 51257 6195 85846 2088 314461 Robert Hoefer Consultant to the Board of Directors 118986 12639 131625 John Koppes SVP Bus Lending 115401 7398 1606 13005 2377 139787 Leo Costello SVP Business Development 110634 23020 1678 21957 1476 158765 Nancy Tekippe SVP Service Delivery/Operations 147171 44738 3323 70342 1802 267376 Michael Schroeder Financial Services Manager 70198 108638 193 18791 886 198706 Suzan Martin-Hallahan Financial Services Consultant 93497 62684 430 16653 1218 174482 Part I Line 1a Health or social club dues are paid for officers or members of the management team of Dupaco Community Credit Union as part of their compensation package. Any dues that are paid to these members are added to their W-2s at the end of the year as reportable compensation. Part II Line C The Dupaco Board of Directors has designed the Dupaco management compensation program to be competitive in the marketplace and ensure alignment of the long term interests of both managers and members. Dupaco management compensation is based on national compensation surveys and independent consultant analyses of similar sized financial institutions around the United States. The Dupaco Board of Directors Personnel Committee regularly reviews the data to ensure Dupaco is paying a fair market wage to attract and retain the best employee talent to manage a strong, stable and successful financial institution. The Personnel Committee provides annual recommendations of salary adjustments to the Board of Directors, who then votes on the recommendations. Components of management compensation packages include a large percentage of variable at risk pay, which is based on the credit unions member staff engagement, satisfaction, and financial performance during specified time periods, as well as the credit unions business strategy as determined by the Board of Directors. To retain long-term talent in the financial services industry, in addition to offering a 401K Salary Savings Plan, Dupaco provides designated executives with a non qualified long term executive incentive plan. Designed to be self funding in nature through the achievement of growth and member service initiatives, the funding cost of supplemental Retirement Plan benefits will be recouped by the credit union through life insurance policy proceeds on plan participants. A tool for retention, the participating staff member must remain at the credit union until retirement age to become fully vested in the deferred compensation benefit. Mark Heth ICCU CEO Merged Credit Union FUND PURCHASE OF CASH VALUE OF LIFE INSURANCE POLICIES X 2000000 2187264 false true true 2187264 Form 990, Part VI, Section A, Line 6 Membership of Dupaco Community Credit Union includes all eligible persons described below that have an account at the Credit Union. Form 990, Part VI, Section A, Line 7a Membership of Dupaco Community Credit Union shall consist of and be limited to such natural persons and entities eligible by law and as approved from time to time by, and recorded at the office of, the Superintendent of Credit Unions. To be eligible to be a Dupaco member, you must live or work within our 87 county charter area in Iowa, Northwest Illinois, and Southwest Wisconsin. Form 990, Part VI, Section A, Line 7b There shall be an annual meeting of the members on a date designated by the board of directors. Twenty two members shall constitute a quorum. If a quorum is not present on the date first designated for annual or special meetings of the credit union, the meetings shall be adjourned for not more than 15 days, and a second notice shall be mailed to or posted for all members stating the time and place of the adjourned meeting and those members present at such adjourned meeting shall constitute a quorum for the transaction of all business. Form 990, Part VI, Section B, Line 11a Every voting member of the board of directors received a copy of the final 2016 990 tax return for Dupaco Community Credit Union to review at the regularly scheduled board meeting prior to the submission of the return to the IRS. Any questions that the board members had in regards to the return were addressed at that time. Form 990, Part VI, Section B, Line 12c Dupaco annually requires all directors and employees to complete a conflict of interest form where all directors and employees list out any member accounts or organizations that would potentially impair their independence with Dupaco Community Credit Union. Upon completion of the form, the forms are kept in the administration office under a locked file cabinet and are also reviewed by the Internal Audit department. Form 990, Part VI, Section B, Line 15 The Dupaco Board of Directors has designated the Dupaco management compensation program to be competitive in the marketplace and ensure alignment of the long term interests of both managers and members. Dupaco management compensation is based on national compensation surveys and independent consultant analyses of similar sized financial institutions around the United States. The Dupaco Board of Directors Personnel Committee regularly reviews this data to ensure Dupaco is paying a fair market wage to attract and retain the best employee talent to manage a strong, stable and successful financial institution. The personnel committee provides annual recommendations of salary adjustments to the Board of Directors, who then votes on the recommendations. Components of management compensation packages include a large percentage of variable at risk pay, which is based on the credit unions member staff engagement, satisfaction, and financial performance during specified time periods, as well as the credit unions business strategy as determined by the Board of Directors. Form 990, Part VI, Section C, Line 19 Dupacos governing documents, conflict of interest policy, and financial statements are posted at each branch location and are also available upon request. Form 990, Part XI, Line 5 Securities available for sale are accounted for at fair value and the unrealized holding gains and losses are presented as a separate component of accumulated other comprehensive income. The change in unrealized loss on securities available for sale was 3,326,000. Dupaco RW Hoefer Foundation 3999 Pennsylvania Avenue Dubuque IA 52002 454145438 The encouragement of education, promotion of charity, and to contribute to organizations or causes w IA 501c3 PF N/A true Dupaco Financial Services 3299 Hillcrest Rd Dubuque IA 52001 391873865 Financial Services IA Dupaco Community Credit Union C Corp 1.00000 false Dupaco Insurance Services 3299 Hillcrest Rd Dubuque IA 52001 421024767 Insurance Services IA Dupaco Financial Services C Corp 1.00000 false false true false true false false false false false false false false false true true false true false false Dupaco RW Hoefer Foundation b 500000 Cash Donation