2016-11-15T10:50:21-06:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2015-01-01 390263945 CONNEXUS CREDIT UNION CONN 7158474700 2600 PINE RIDGE BLVD WAUSAU WI 54401 J DAVID CHRISTENSON CEO/PRESIDENT 7158474700 2016-11-14 1 SHERRI WESSELS P00888088 5074347000 2016-11-14 2015 2017-02-10 21:41:12Z J DAVID CHRISTENSON 2600 PINE RIDGE BLVD WAUSAU WI 54401 224722893 0 X CONNEXUSCU.ORG X CU 1935 WI ENCOURAGE THRIFT AND SELF RELIANCE AMONG MEMBERS BY CREATING A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST IN ORDER TO IMPROVE SOCIAL CONDITIONS OF THE MEMBERSHIP. 10 10 230 10 1803494 -1692615 0 0 37072873 51239571 5852027 2886197 0 0 42924900 54125768 0 0 4984954 8202411 12394251 16527864 0 0 0 16370353 20249534 33749558 44979809 9175342 9145959 994716079 1319488029 884133818 1181256886 110582261 138231143 X TO HELP OUR MEMBERS ACHIEVE THEIR PERSONAL FINANCIAL OBJECTIVES BY ANTICIPATING THEIR NEEDS AND EXCEEDING EXPECTATIONS WITH SUPERIOR SERVICE AND PRODUCTS. 0 1 PROVIDE OUR MEMBERS DEPOSIT SERVICES FOR THEIR FUNDS TO EARN THEM A FAIR RATE OF RETURN PROVIDE OUR MEMBERS LOAN SERVICES AT A FAIR RATE OF INTEREST PROVIDE OUR MEMBERS ACCESS TO CHECK SERVICES AND OTHER FINANCIAL PRODUCTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 18217 0 1 230 1 1 1 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X JANE KITTEL 7158702650 2600 PINE RIDGE BLVD WAUSAU WI 54401 STEVEN ZEINEMAN DIRECTOR 1.00 X 500 0 0 RON DINS CHAIRPERSON 1.00 X 1000 0 0 MARK STEINBERG VICE CHAIRPERSON 1.00 X 750 0 0 PAUL HUNSANGER DIRECTOR 1.00 X 500 0 0 JANE KITTEL SECRETARY 1.00 X 500 0 0 GARY KLINGBEIL DIRECTOR 1.00 X 500 0 0 LYLE BECK DIRECTOR 1.00 X 500 0 0 TODD MCDONALD TREASURER 1.00 X 500 0 0 TOM SEUNTJENS DIRECTOR 1.00 X 500 0 0 STEVE DEREBEY DIRECTOR 1.00 X 500 0 0 J DAVID CHRISTENSON CEO/PRESIDENT 55.00 X 501414 0 51236 BOYD GUSTSKE COO 50.00 X 261843 0 43370 DARYL GESSLER CHIEF RISK OFFICER 50.00 X 266091 0 26429 MARY BURGOYNE CIO 50.00 X 242815 0 30806 CHAD ROGERS CMO 50.00 X 235163 0 39039 LINDA C KEIL CHIEF HR OFFICER 50.00 X 208336 0 44027 JEANNE WALKLEY CFO 50.00 X 203713 0 26437 MARITA HATTEM EXPERIENCE OFFICER 50.00 X 174806 0 10810 ERIC HUSEBY SR VP LENDING 45.00 X 146588 0 8808 BEVERLY NOWACKI SR VP OPERATION 45.00 X 148872 0 29432 MICHAEL SUNNARBORG SR VP LENDING 45.00 X 167328 0 40742 GERALD E BRIGGS VP 45.00 X 149433 0 30271 THOMAS S HAFEMANN VP OF I T 45.00 X 134609 0 16187 DOUGLAS YOUNG FORMER CEO/PRESIDENT 50.00 X 542628 0 6931 3389389 0 404525 14 1 1 0 FISERV PO BOX 300016 DULUTH GA 30096 NETWORK SERVICES 1008144 WESTPHAL STAFFING 505 S 24TH AVE SUITE 104 WAUSAU WI 54401 TEMP SERVICES 490985 ALKAM TECHNOLOGY INC PO BOX 670397 DALLAS TX 67037 ONLINE BANKING 353355 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 90051 MOBILE/INTERNET BANKING 351260 CAPITAL DATA 600 N BROADWAY AVE MILWAUKEE WI 53202 HW/SW MAINTENANCE 321124 27 INTEREST INCOME ON LOANS 522100 41911003 41911003 OTHER INCOME 522100 6676323 6676323 FEE INCOME 522100 2652245 848751 1803494 51239571 1272662 1272662 172210660 170597125 1613535 1613535 1613535 54125768 49436077 1803494 2886197 8202411 2202085 10176946 490355 2662028 996450 112984 36971 2546601 658540 1951972 26216 1914016 539326 607970 1766021 PROVISION FOR LOAN LOSS 3633849 OTHER EXPENSES 3329983 LOAN SERVICING 1573658 DEBIT CARD EXPENSE 1397355 154072 44979809 45436650 59631219 27719144 119289474 5080241 13233991 829559856 1037472091 609132 632788 18411727 6985301 10860763 11426426 20368071 24799394 4313220 4303670 8329348 7809790 42439654 40889186 994716079 1319488029 9151961 15138136 43815430 43718588 831166427 1122400162 884133818 1181256886 X 0 0 0 0 110582261 138231143 110582261 138231143 994716079 1319488029 X 9145959 2923 18500000 X X 0 1 X 1 0 2739183 2739183 8406737 2647830 5758907 256841 16644 240197 7008966 4320827 2688139 11426426 REGULAR SHARE ACCOUNTS 324240181 MONEY MARKET ACCOUNTS 204641315 SHARE DRAFT ACCOUNTS 181373488 IRA SHARE ACCOUNTS 60089272 SHARE AND IRA CERTIFICATES 352055906 1122400162 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501 (C) (14), FROM FEDERAL AND STATE INCOME TAXES. CERTAIN PRODUCTS AND SERVICES PROVIDED BY SELECT STATE CHARTERED CREDIT UNIONS HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS), IN TECHNICAL ADVICE MEMORANDUMS (TAMS) RELEASED IN 2007, TO BE UNRELATED TO THE SPECIFIC ENTITY'S EXEMPT PURPOSE. AS PRESENTED IN THE TECHNICAL ADVICE MEMORANDUMS, THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES WOULD BE SUBJECT TO INCOME TAXES. CREDIT UNIONS HAVE LITIGATED AGAINST THE IRS POSITIONS NOTED IN THE TAMS AND HAVE BEEN SUCCESSFUL IN HAVING COURTS DECLARE IN 2009 AND 2010 THAT REVENUE FROM INSURANCE PRODUCTS SOLD TO MEMBERS, HELPING THEM PROTECT THEIR FINANCIAL WELLBEING, QUALIFIES AS EXEMPT PURPOSE INCOME, CONTRARY TO THE IRS POSITION IN THE TAMS. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE AND HAS A NET OPERATING LOSS CARRYFORWARD. 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 UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S CONSOLIDATED FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2015 AND 2014. THE CREDIT UNION'S 2012 THROUGH 2014 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. THE INCOME FROM THE CUSO, ORGANIZED AS AN LLC, FLOWS THROUGH TO THE CREDIT UNION. X 1 0 X X X X X X 1 1 0 J DAVID CHRISTENSON CEO/PRESIDENT 402363 0 99051 0 0 0 15900 0 35336 0 552650 0 0 0 BOYD GUSTSKE COO 211843 0 50000 0 0 0 11604 0 31766 0 305213 0 0 0 DARYL GESSLER CHIEF RISK OFFICER 216091 0 50000 0 0 0 4154 0 22275 0 292520 0 0 0 MARY BURGOYNE CIO 196565 0 46250 0 0 0 14770 0 16036 0 273621 0 0 0 CHAD ROGERS CMO 191413 0 43750 0 0 0 14487 0 24552 0 274202 0 0 0 LINDA C KEIL CHIEF HR OFFICER 162803 0 45533 0 0 0 18475 0 25552 0 252363 0 0 0 JEANNE WALKLEY CFO 156932 0 46781 0 0 0 18025 0 8412 0 230150 0 0 0 MARITA HATTEM EXPERIENCE OFFICER 174806 0 0 0 0 0 0 0 10810 0 185616 0 0 0 ERIC HUSEBY SR VP LENDING 126388 0 20200 0 0 0 8753 0 55 0 155396 0 0 0 BEVERLY NOWACKI SR VP OPERATION 121959 0 26913 0 0 0 14213 0 15219 0 178304 0 0 0 MICHAEL SUNNARBORG SR VP LENDING 136158 0 31170 0 0 0 17690 0 23052 0 208070 0 0 0 GERALD E BRIGGS VP 148433 0 1000 0 0 0 1613 0 28658 0 179704 0 0 0 THOMAS S HAFEMANN VP OF I T 122609 0 12000 0 0 0 8201 0 7986 0 150796 0 0 0 DOUGLAS YOUNG FORMER CEO/PRESIDENT 0 0 121500 0 421128 0 0 0 6931 0 549559 0 0 0 PART I, LINE 1A J DAVID CHRISTENSON - TRAVEL FOR COMPANION - $2,016 PART I, LINES 4A-B DOUGLAS YOUNG - SEVERANCE PAYMENT - $421,128 J DAVID CHRISTENSON - NONQUALIFIED PLAN - PARTICIPATED, NO DISTRIBUTIONS BOYD GUSTKE - NONQUALIFIED PLAN - PARTICIPATED, NO DISTRIBUTIONS DARYL GESSLER - NON-QUALIFIED PLAN - PARTICIPATED, NO DISTRIBUTIONS MARY BURGOYNE - NON-QUALIFIED PLAN - PARTICIPATED, NO DISTRIBUTIONS DOUGLAS YOUNG FORMER CEO/PRESIDENT SPLIT DOLLAR X 5080241 5458104 0 1 1 J DAVID CHRISTENSON CEO/PRESIDENT SPLIT DOLLAR X 6300000 6403672 0 1 1 BOYD GUSTKE COO SPLIT DOLLAR X 1350000 1372215 0 0 1 13233991 FORM 990, PART III, LINE 3 DISCONTINUED OFFERING SHARED BRANCHING SERVICES. FORM 990, PART VI, SECTION A, LINE 6 CONNEXUS CREDIT UNION IS OWNED AND OPERATED BY ITS MEMBERS. A MEMBER MUST MEET FIELD OF MEMBERSHIP RESTRICTIONS AND DEPOSIT AT LEAST FIVE DOLLARS IN THEIR SHARE ACCOUNT. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS WOULD NEED TO APPROVE CERTAIN DECISIONS SUCH AS NAME CHANGE OR MERGER. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND THEN REVIEWED INTERNALLY PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C NOTICES ARE SENT TO ALL EMPLOYEES AND DIRECTORS REQUESTING INFORMATION ON ALL POSSIBLE CONFLICTS OF INTEREST THAT MAY EXIST. IN ADDITION, EACH EMPLOYEE MUST REVIEW A PRESENTATION ON CONFLICTS OF INTEREST SO THEY UNDERSTAND THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 CONNEXUS OBTAINS A SALARY SURVEY BASED ON JOB DUTIES AND GEOGRAPHIC LOCATION, BROKEN DOWN BY ASSET SIZE AND EMPLOYEE COUNTS, ALONG WITH INDUSTRY SPECIFIC SALARY STUDIES. CONNEXUS MESHES ALL OF THIS INFORMATION WITH JOB PERFORMANCE AND GOAL ACHIEVEMENT TO OBTAIN A POTENTIAL SALARY INCREASE RANGE FOR THAT POSITION GRADE LEVEL. THIS INFORMATION IS REVIEWED BY THE PERSONNEL COMMITTEE AND THE COMPENSATION DEPARTMENT FOR APPROVAL. ANY SALARY CHANGES THAT EXCEED ESTABLISHED RANGES FOR A PARTICULAR GRADE LEVEL NEED FURTHER APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE LOBBIES OF THE ORGANIZATION AND PROVIDED IN THE ANNUAL REPORTS AND ANNUAL MEETING. FINANCIAL INFORMATION IS ALSO PROVIDED TO OUR FEDERAL REGULATOR, NCUA, WHO POSTS THIS INFORMATION ON THE NCUA WEBSITE FOR PUBLIC VIEWING. OTHER DOCUMENTS SUCH AS HMDA, CONFLICT OF INTEREST, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST, SOME OF WHICH ARE MAINTAINED BY THE WISCONSIN OFFICE OF CREDIT UNIONS. FORM 990, PART XI, LINE 9: EQUITY ACQUIRED BY ACQUISITION 18,500,000. FORM 990 PART X11, LINE 2C: PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FINANCIAL INSTITUTION LENDING OPTIONS LLC 550 BAY VIEW ROAD SUITE A MUKWONAGO WI 53149 870771221 LOAN ORIGINATOR WI 2579411 5239414 THE CREDIT UNION