2015-01-26T18:00:51-06:00 2014-08-31 391127312 WCUL Services Corp N25W23131 Paul Rd Suite 500 Pewaukee WI 53072 990 2014-01-01 390875304 Oshkosh Central Credit Union OSHK PO BOX 1487 Appleton WI 549121487 Catherine J Tierney CEOPresident-p 9208307220 2014-12-30 false Cari Thompson P01025704 2625490200 2015-01-26 2014 2016-02-25 16:41:14Z X Catherine J Tierney 727956 false X X 1953 WI None X 5 5 11 5 0 0 0 1060881 691429 29673 14772 3512 3185 1094066 709386 0 0 428218 236077 0 0 657356 2663127 1085574 2899204 8492 -2189818 28368019 0 25385496 0 2982523 0 X None false true We funded 554 loans during 2014. As of 8/31/14, we had 206 mortgages/home equity, 1076 consumer loans, and 277 credit card accounts with our members. We have deposit, transaction, and investment accounts with 3306 members at 8/31/14. false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true true false false false false false true 0 0 true 11 true false false false false false false X 5 5 true true false true true true true true true false false true true true true true true true true false X Catherine J Tierney 9208307220 PO Box 1487 Appleton WI 549121487 Todd Kaufmann Director 1.00 0.00 X 0 0 0 Beth Caramanidis Secretary 1.00 0.00 X X 0 0 0 Mary Kay Nelson Treasurer 1.00 0.00 X X 0 0 0 Gary Kaufmann Chair 1.00 0.00 X X 0 0 0 Steve Lautenschlager Vice Chair 1.00 0.00 X X 0 0 0 Mark Patchak CEO Formerthru 5-15-14 40.00 0.00 X 48372 0 13242 48372 0 13242 0 false false false Interest on Loans 522100 551858 551858 AccountCard Svc Fees 522100 70106 70106 Other Member Fee Income 522100 56216 56216 13249 13249 691429 14186 14186 3185 3185 19156 18570 586 586 586 709386 691429 0 17957 48372 132129 8070 32594 14912 37028 4000 278168 4380 1856954 15972 80419 631 7120 17540 26280 36274 Dividends on Shares 33394 33394 Provision for Loan Loss 88931 88931 Loan Servicing 69812 69812 Member AccountCard Costs 95782 95782 10442 2899204 0 0 0 2175622 4831853 -55 20112586 66530 661111 457909 62463 28368019 0 34143 25351353 25385496 0 X 2982523 2982523 0 28368019 0 X -2189818 -792705 X false false false All Assets & Liablities of the CU at merger date 2014-09-01 792705 Net Book Value 396264347 Community First Credit Union PO BOX 1487 Appleton WI 54912 501c14 false false false false true true true true false false false false false Officer directors etc family relationship Part VI line 2 Gary Kaufmann, Chairman of the Board, and Todd Kaufmann, Director, are father and son. Management duties delegation Part VI line 3 The Management duties were delegated to Community First Credit Union. Asset material diversion Part VI line 5 During an examination it was discovered that $1,752,123 in cash was missing from the vault. Two staff members in charge of the financial records and internal controls were terminated. The state and federal regulator put interim management in place pending merger. Currently under FBI investigation. Members or stockholder classes and rights Part VI line 6 The organization consists of members. To be a member, one must have a share/savings account. Each member has one vote to elect the governing body (Board of Directors). Member election for additional members Part VI line 7a The Board of Directors is elected by the membership utilizing their one vote per member Governing body decisions Part VI line 7b Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in 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 governing body review Part VI line 11 Prepared form is reviewed by VP Finance, CFO and CEO prior to filing. Conflict of interest policy compliance Part VI line 12c Policy is reviewed annually CEO executive director top management comp Part VI line 15a Reviewed annually Other officer or key employee compensation Part VI line 15b Reviewed annually Governing documents etc available to public Part VI line 19 Post merger President/CEO is available for member/public questions and will provide copies of governing documents as necessary. Financial statements are reviewed by the board of directors monthly. Cessation of or significant change to any program service Part III line 3 Completed a merger effective 9/1/14 with Community First Credit Union. Explanation of other changes in net assets or fund balances Part XI line 9 Net Asset Balance at the time of merger. All Net Assets were transferred to Community First Credit Union as part of merger.