2015-05-12T13:03:05-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2014-01-01 390445714 KIMCENTRAL CREDIT UNION KIMC 9207202572 625 DEERWOOD AVE NEENAH WI 54956 TONNI LARSON PRESIDENT/CEO 9207202572 2015-04-29 1 TANYA MEDGAARDEN P01717240 5074347000 2014 2016-02-25 16:41:14Z TONNI LARSON 625 DEERWOOD AVE NEENAH WI 54956 3032569 0 X WWW.KIMCENTRAL.ORG X CU 1934 WI KIMCENTRAL CREDIT UNION EXISTS TO PROVIDE FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OF SPECIFIC SELECT EMPLOYEE GROUPS AND GEOGRAPHICAL LOCATIONS AS FOLLOWS: EMPLOYEES AND THEIR FAMILIES WHO ARE EMPLOYED BY KIMBERLY-CLARK CORP, GULF STREAM AEROSPACE, AND COGNIZANT TECHNOLOGY SOLUTIONS TO INCLUDE INDIVIDUALS WHO WORK OR RESIDE IN CALUMET, OUTAGAMIE, MANITOWOC, WAUPACA, SHAWANO, AND WINNEBAGO COUNTIES AND ALL LAW ENFORECEMENT PERSONNEL AND/OR FIREFIGHTERS CURRENTLY EMPLOYED OR RETIRED TO INCLUDE ANY MEMBER OF AN ORGANIZATION OR NOT FOR PROFIT GROUP THAT HAS A LAW ENFORCEMENT OR FIREFIGHTER FOCUS THROUGHT THE STATE OF WISCONSIN. 7 6 31 6 3906 -23975 0 0 1676113 1597170 496707 600399 0 0 2172820 2197569 0 0 134667 131730 1017133 994178 0 0 0 891475 907954 2043275 2033862 129545 163707 66354377 70815008 53084002 56543387 13270375 14271621 X KIMCENTRAL CREDIT UNION EXISTS TO PROVIDE FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OF SPECIFIC SELECT EMPLOYEE GROUPS AND GEOGRAPHICAL LOCATIONS AS FOLLOWS: EMPLOYEES AND THEIR FAMILIES WHO ARE EMPLOYED BY KIMBERLY-CLARK CORP, GULF STREAM AEROSPACE, AND COGNIZANT TECHNOLOGY SOLUTIONS TO INCLUDE INDIVIDUALS WHO WORK OR RESIDE IN CALUMET, OUTAGAMIE, MANITOWOC, WAUPACA, SHAWANO, AND WINNEBAGO COUNTIES AND ALL LAW ENFORECEMENT PERSONNEL AND/OR FIREFIGHTERS CURRENTLY EMPLOYED OR RETIRED TO INCLUDE ANY MEMBER OF AN ORGANIZATION OR NOT FOR PROFIT GROUP THAT HAS A LAW ENFORCEMENT OR FIREFIGHTER FOCUS THROUGHT THE STATE OF WISCONSIN. 0 0 KIMCENTRAL PAID MEMBERS 8% OF THE YEAR-TO-DATE INTEREST THEY PAID TO THE CREDIT UNION IN 2014 ON BORROWED MONEY FROM JAN - NOV. MEMBERS RECEIVED DEPOSITS TO THEIR SAVINGS ACCOUNTS IN DECEMBER. TOTAL INTEREST REFUND PAID BACK TO MEMBERS - $38,256. KIMCENTRAL OPERATES A CREDIT UNION OFFICE INSIDE A LOCAL HIGH SCHOOL. STUDENTS RUN THE CREDIT UNION OFFICES TO EDUCATE YOUTH GOOD FINANCIAL MANAGEMENT SKILLS. STAFF ALSO SPEND TIME IN CLASS ROOMS SPEAKING TO ACCOUNTING, BUSINESS AND MARKETING CLASSES. KCCU ALSO SPONSORS FINANCIAL LITERACY EVENTS SUCH AS SOCIAL SECURITY AND TAX SEMINARS, FINANCIAL AND ESTATE PLANNING SEMINARS. KCCU PARTNERED HOSTED A COMMUNITY FREE SHREDFEST AND COLLECTED DONATIONS FOR A LOCAL K9 UNIT IN OUTAGAMIE COUNTY. KIMCENTRAL PROVIDED LOANS TO OVER 500 MEMBERS IN 2014 AND PAID $38,256 BACK TO MEMBERS IN LOAN INTEREST REWARDS. 0 0 0 0 0 0 0 0 0 1 1 0 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 0 0 0 1 1009 0 1 31 1 1 1 0 0 0 0 0 X 7 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X KAREN RISKE 9207202572 625 DEERWOOD AVE NEENAH WI 54956 TONNI LARSON PRESIDENT/CEO 50.00 X X 406896 0 10250 CARRIE BONNELL CHAIRMAN 1.00 X X 0 0 0 THOMAS RING VICE-CHAIRMAN 1.00 X X 0 0 0 DEBRA MALCOLM SECRETARY/TREASURER 1.00 X X 0 0 0 JAMES KEARNEY DIRECTOR 1.00 X 0 0 0 CALVIN LEWIS DIRECTOR 1.00 X 0 0 0 CHRIS BOROWSKI DIRECTOR 1.00 X 0 0 0 KAREN RISKE SENIOR VICE PRESIDENT 45.00 X 169017 0 8646 BRENDA DEWALL ASST VICE PRESIDENT LENDING 50.00 X 61354 0 9384 637267 0 28280 2 0 1 0 FISERV 75 REMITTANCE DRIVE STE 6944 CHICAGO IL 606756944 DATA PROCESSING 206191 1 LOAN INTEREST 900099 1256618 1256618 OTHER INCOME 524298 232704 232704 FEE INCOME 522100 107848 103942 3906 1597170 597683 597683 837716 835000 2716 2716 2716 2197569 1593264 3906 600399 131730 665547 236231 11101 24250 57049 8002 203129 202550 83571 51929 77214 LOAN SERVICING EXPENSE 125325 EDUCATIONAL AND PROMOTI 96171 OREO IMPAIRMENT 32405 OPERATING FEES 13728 13930 2033862 10460431 11037696 245000 395000 24482682 27913762 2912156 1279367 1655452 1632789 27277905 27697882 505161 505161 1727746 1632718 66354377 70815008 1328430 1020733 0 66706 51755572 55455948 53084002 56543387 X 0 0 0 0 13270375 14271621 13270375 14271621 66354377 70815008 163707 837539 0 X 0 0 0 0 1 X 531457 531457 1616940 647120 969820 69085 31678 37407 694674 600569 94105 1632789 SECURITIES - AFS 24164598 F SECURITIES - HELD TO MATURITY 16351 C LIFE INSURANCE INVESTMENT 3516933 C 27697882 SHARE DRAFTS 12491761 REGULAR SHARES 23210584 MONEY MARKET SHARES 12843040 SHARE CERTIFICATES 5036898 IRA/KEOGH ACCOUNTS 1873665 55455948 PART IV, LINE 2B: THE CREDIT UNION SERVICES MORTGAGE LOANS. CUSTODIAL ESCROW BALANCES ARE MAINTAINED IN CONNECTION WITH THESE LOANS. X 1 1 X X X 0 1 0 TONNI LARSON PRESIDENT/CEO 140530 0 18485 0 247881 0 7943 0 2307 0 417146 0 0 0 KAREN RISKE SENIOR VICE PRESIDENT 108514 0 10503 0 50000 0 5886 0 2760 0 177663 0 0 0 PART I, LINE 1A KAREN RISKE RECEIVED A YMCA MEMBERSHIP OF $696. PART I, LINE 4B TONNI LARSON RECEIVED A DISTRIBUTION FROM A 457(F) PLAN OF $247,881 KAREN RISKE RECEIVED A DISTRIBUTION FROM A 457(F) PLAN OF $50,000 TONNI LARSON AND KAREN RISKE PARTICIPATE IN A 457(F)PLAN FORM 990, PART VI, SECTION A, LINE 6 ANY RESIDENT OR EMPLOYEE WORKING OR LIVING IN WINNEBAGO, OUTAGAMIE, CALUMET, SHAWANO, WAUPACA OR MANITOWOC COUNTIES IN THE STATE OF WISCONSIN TO INCLUDE EMPLOYEES OF GULFSTREAM AEORSPACE, KIMBERLY-CLARK CORP,AND COGNIZANT TECHNOLOGIES IS ELIGIBLE TO BE A MEMBER OF KIMCENTRAL CREDIT UNION. ALL LAW ENFORECEMENT PERSONNEL AND/OR FIREFIGHTERS CURRENTLY EMPLOYED OR RETIRED TO INCLUDE ANY MEMBER OF AN ORGANIZATION OR NOT FOR PROFIT GROUP THAT HAS A LAW ENFOREMENT OR FIREFIGHTER FOCUS THROUGHOUT THE STATE OF WISCONSIN. KIMCENTRAL HAS ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS ARE VOTING MEMBERS FOR BOARD OF DIRECTORS OF THE CREDIT UNION AT THE ANNUAL MEETING OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B SPECIAL MEETING OF THE MEMBERS IS NECESSARY ACCORDING TO THE CREDIT UNION BYLAWS FOR ACTIONS SUCH AS MERGER, NAME CHANGE, CHARTER CHANGE, ETC. FORM 990, PART VI, SECTION B, LINE 11 CEO AND SR. VP OF FINANCE REVIEW THE RETURN PRIOR TO FILING AFTER COMPLETED BY CPA FIRM AND PROVIDE AN ACCURATE COPY TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING OF THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS REVIEW LOAN AND MEMBER SURVEYS DONE BY STAFF MEMBERS NOT RELATED TO THE FUNCTION ON A MONTHLY BASIS. KIMCENTRAL CREDIT UNION'S POLICY IS TO NOT HIRE FAMILY MEMBERS OF BOARD MEMBERS NOR TO HIRE OR RETAIN SERVICES OF BOARD MEMBERS IN ANY CAPACITY THAT COULD BE A CONFLICT OF INTEREST IN THE ORGANIZATION. BOARD MEMBERS HAVE SIGNED A "CONFLICT OF INTEREST" STATEMENT AND UNDERSTAND THE NEED TO DO SO. COMPENSATED EMPLOYEES CANNOT FINANCE BUSINESS LOANS AT THE CREDIT UNION AND LOAN OFFICERS' LOANS NEED TO BE APPROVED BY THE PRESIDENT AND THE PRESIDENT'S LOAN REQUESTS NEED APPROVAL OF THE BOARD. EMPLOYEES DO NOT HAVE ACCESS TO THEIR ACCOUNTS OF FAMILY MEMBER ACCOUNTS. LOANS GENERATED ARE VERIFIED BY ACCOUNTING STAFF EACH DAY FOR VERIFICATION OF ORIGINATION AND ARE BALANCED TO THE GENERAL LEDGER. IF A CONFLICT OF INTEREST IS UNCOVERED, THE BOARD WILL BE MADE AWARE OF THE ISSUES AND THE PRESIENT TO HANDLE RESOLUTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION PARTICIPATES IN AND USES THE CUES EXECUTIVE AND STAFF COMPENSATION SURVEYS AND REPORTING TO DETERMINE COMPENSATION FOR STAFF AT ALL LEVELS. THIS INFORMATION IS UPDATED ANUALLY AND IS PROVIDED ON BOTH A NATIONAL AND REGIONAL BASIS FOR COMPARISON. THE BOARD DETERMINES THE CEO'S SALARY AND THE CEO SETS A SALARY BUDGET FOR ALL OTHER STAFF BASED ON THE CUES SURVEY. SALARY BUDGET IS THEN APPROVED BY THE BOARD IN JANUARY OF EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 ANNUAL FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE MAIN OFFICE OF THE CREDIT UNION. BYLAWS AND OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE TO ANYONE FOR REVIEW BY APPOINTMENT WITH AN OFFICER OF THE CREDIT UNION.