2016-06-20T11:28:12-05:00 2015-12-31 390912608 HAWKINS ASH CPAS LLP 2360 DUCK CREEK PARKWAY GREEN BAY WI 543033300 990 2015-01-01 390906277 SUPERIOR CHOICE CREDIT UNION SUPE 8005694167 PO BOX 127 SUPERIOR WI 548800127 GARY ELLIOTT EVP/CHIEF FINANCIAL OFFICER 7153925616 2016-06-14 1 STEVEN G HANDRICK P00007603 9203369850 2015 2016-09-27 15:27:22Z GARY ELLIOTT 2911 TOWER AVE SUITE 9 SUPERIOR WI 54880 17169255 0 X WWW.SUPERIORCHOICE.COM X 1932 WI A NOT-FOR-PROFIT MEMBER-OWNED FINANCIAL INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS. 9 9 136 29 23685 0 0 0 13564981 15080465 109541 161177 1715215 1813073 15389737 17054715 0 0 0 0 4535185 5123450 0 0 0 6927571 7845905 11462756 12969355 3926981 4085360 279062032 330110222 249045558 296608201 30016474 33502021 A NOT-FOR-PROFIT MEMBER-OWNED FINANCIAL INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS. OPERATIONS ARE PRIMARILY RELATED TO HOLDING DEPOSITS FOR AND MAKING LOANS TO MEMBERS. 0 0 FINANCIAL SERVICE PROVIDER TO INCLUDE LOANS, DEPOSITS, AND TRANSACTIONAL SERVICES TO ALL MEMBERS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 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 0 0 1 385 0 1 136 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X GARY ELLIOTT 7153925616 2911 TOWER AVENUE SUITE 9 SUPERIOR WI 54880 WILLIAM ANDERSON VICE CHAIR 1.00 X X 4860 0 0 JAMES LARSON CHAIR 1.00 X X 4860 0 0 GREG RUNNING TREASURER 1.00 X X 3560 0 0 LYNDA HOFMAN SECRETARY 1.00 X X 2960 0 0 MAKR CASPER VICE CHAIR - LOANS 1.00 X 3560 0 0 ELAINE PETERSON VICE CHAIR - COMPLIANCE 1.00 X 2960 0 0 PAUL GILBERTSON VICE CHAIR - PERSONNEL 1.00 X 2960 0 0 DIANE ZIMMERMAN VICE CHAIR - IT 1.00 X 2960 0 0 CANDICE FITZGERALD VICE CHAIR - AUDIT 1.00 X 2960 0 0 GARY ELLIOTT PRESIDENT & CEO 40.00 X 239315 0 118441 BENJAMIN ALTONEN EVP/CHIEF FINANCIAL OFFICER 40.00 X 132054 0 6721 JOEL BRAUN EVP/CHIEF LENDING OFFICER 40.00 X 139943 0 6463 WALTER SWANSON SENIOR VICE PRESIDENT 40.00 X 107562 0 13055 650514 0 144680 4 0 1 0 CUNA MUTAL GROUP PO BOX 2964 MILWAUKEE WI 53201 INSURANCE, LOANS, SHARE PRODUCTS, AND SU 636335 CU ANSWERS 600 28 ST SE STE 100 GRAND RAPIDS MI 49546 SOFTWARE AND COMPUTER PROCESSING SERVICE 425636 FIRST DATA CORP 1000 CARR RD WILMINGTON DE 19809 INSTANT CASH SERVICE AND SUPPORT 391150 9 INTEREST ON LOANS 522100 12851771 12851771 PROG.SERV.REVENUE-RELATED-990 522100 2205009 2205009 UBIT 522100 23685 23685 15080465 275717 275717 55607 0 55607 55607 55607 23943 90597 -23943 -90597 -114540 -114540 1757466 1757466 1757466 17054715 17031030 23685 0 650514 3715046 105366 326322 326202 50840 262866 454731 1422212 682124 201115 34396 332187 71337 DIVS ON SHARES 1961281 LOAN ORIGINATION & SERV 1117416 PROVISION FOR BAD DEBT 720000 OTHER EXPENSES 400996 134404 12969355 17648357 23826939 2940122 8965000 42894 55195 223211487 261897073 307052 387498 15904439 8316787 5952143 7587652 12254274 10013958 1050360 16705703 16326547 279062032 330110222 991724 1342382 4000000 12000000 244053834 283265819 249045558 296608201 X 0 0 0 0 30016474 33502021 30016474 33502021 279062032 330110222 X 4085360 89275 -689088 X X 0 1 X 1 0 1 1379178 1453221 1464022 1368377 0 1924738 1924738 7395400 2826892 4568508 348562 277540 71022 6235739 5212355 1023384 7587652 TRIAD LOAN LOSS RESERVE MMA 6370178 SHARES 276895641 283265819 X 17054715 0 17054715 0 17054715 12969355 0 12969355 0 12969355 PART IV, LINE 2B: ARRANGEMENT: THE CREDIT UNION SERVICES MORTGAGE LOANS ON BEHALF OF FREDDIE MAC. FUNDS ARE HELD IN ESCROW TO PAY TAXES AND INSURANCE ON BEHALF OF MORTGAGE LOAN MEMBERS. 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, 2015, 2014 AND 2013, 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. THE CREDIT UNION IS NO LONGER SUBJECT TO FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2012 AND STATE EXAMINATIONS FOR YEARS BEFORE 2011. X 1 1 X X X X X 0 1 0 GARY ELLIOTT PRESIDENT & CEO 239315 0 0 0 0 0 97537 0 20904 0 357756 0 0 0 PART I, LINE 1A EXPLANATION: TRAVEL FOR COMPANIONS WAS AVIALABLE FOR EDUCATIONAL EVENTS, LEAGUE CONVENTIONS, CHAPTER EVENTS, AND STRATEGIC PLANNING OFF SITE RETREATS. PART I, LINE 4B THERE WERE NO DISBURSEMENTS FROM THIS PLAN IN 2015. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE PRESIDENT AND CFO AND PRESENTED TO THE BOARD OF DIRECTORS AT THEIR MONTHLY MEETING IMMEDIATELY FOLLOWING THE SUBMISSION OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURES OF FAMILY AND BUSINESS RELATIONSHIPS IS REQUIRED FROM ALL INSIDERS. INTERNAL AND EXTERNAL AUDITS OF THESE RELATIONSHIPS ARE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15 MANAGEMENT AND STAFF SALARIES, OTHER THAN THE PRESIDENT, ARE ADMINISTERED THROUGH THE USE OF THE COMPANIES SALARY ADMINISTRATION PROGRAM. THE SYSTEM PROVIDES A STRUCTURED APPROACH TO SALARY GRADING AND COMPARABLE SALARIES FOR ALL POSITIONS ON STAFF. ALL SALARY ADJUSTMENTS ARE MADE ACCORDING TO BOARD APPROVED MATRICES WITH FINAL REVIEW AND APPROVAL BY THE PRESIDENT. THE PRESIDENT'S SALARY AND ANNUAL ADJUSTMENT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND POLICIES OF THE CREDIT UNION ARE AVAILABLE UPON WRITTEN REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FINANCIAL INFORMATION IS POSTED IN THE LOBBY EACH MONTH. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: NET CHANGE IN UNRECOGNIZED PENSION (LOSS) GAIN AND TRANSITION OBLIGATION -689,080. ROUNDING -8. FORM 990, PART XII, LINE 2C: THE PROCESS IS THE SAME AS PRIOR YEAR. NORTHLAND BENEFITS INC 2911 TOWER AVENUE SUPERIOR WI 54880 320258695 OTHER - BENEFITS PLUS MEMBERSHIP WI SUPERIOR CHOICE CREDIT UNION C -33 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0