2014-11-17T09:16:44-06:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2013-01-01 396264347 COMMUNITY FIRST CREDIT UNION COMM 9208307200 PO BOX 1487 APPLETON WI 549121487 CATHERINE J TIERNEY CEO/PRESIDENT 9208307200 2014-11-14 1 KAREN GRIES P00078514 5074347000 2014-11-14 2013 2015-11-30 17:44:51Z CATHERINE J TIERNEY PO BOX 1487 APPLETON WI 549121487 81919554 0 X WWW.COMMUNITYFIRSTCU.ORG X 1975 WI COMMUNITY FIRST CREDIT UNION WILL PROVIDE HIGH QUALITY, COMPETITIVE FINANCIAL PRODUCTS AND SERVICES WHICH ANTICIPATE AND EXCEED OUR MEMBERS' NEEDS. WE INTEND TO BE THE PRIMARY FINANCIAL ORGANIZATION FOR OUR MEMBERS BY EARNING AND MAINTAINING THEIR TRUST, BY MAINTAINING A BALANCE BETWEEN SOUND GROWTH, EARNINGS AND RESERVES, BY PROVIDING A CHALLENGING AND REWARDING ENVIRONMENT FOR OUR EMPLOYEES AND BY CONTRIBUTING TO THE SOCIAL AND ECONOMIC WELL-BEING OF THE COMMUNITIES WE SERVE. 9 8 479 8 156912 -25202 0 0 80670416 79027588 0 1173399 0 197421 80670416 80398408 0 0 0 10555823 19980811 20915943 0 0 0 32327840 19555063 52308651 51026829 28361765 29371579 1763550069 2014304454 1580546945 1799527758 183003124 214776696 OUR MISSION IS TO BE OUR MEMBERS' PRIMARY FINANCIAL SERVICES PROVIDER. 0 0 PROVIDED FINANCIAL SERVICES TO 107,897 MEMBER OWNERS IN 2013. FUNDED 22,909 LOANS TO THESE MEMBERS IN 2013 FOR $1,049,587,092. 0 0 0 0 0 0 0 0 0 1 0 1 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 1 1 1 0 1 49031 0 1 479 1 1 1 0 0 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X CATHERINE J TIERNEY 9208307220 2626 S ONEIDA ST APPLETON WI 54912 DR SUSAN MAY BOARD MEMBER 1.00 X 0 0 0 JAY FULKERSON CHAIRPERSON 1.00 X 0 0 0 TERRI TOWLE VICE-CHAIRPERSON 1.00 X 0 0 0 WILLIAM PETERS BOARD MEMBER 1.00 X 0 0 0 DEAN HAWKINSON BOARD MEMBER 1.00 X 0 0 0 MARY HULTGREN BOARD MEMBER 1.00 X 0 0 0 DAVID PEPERKORN BOARD MEMBER 1.00 X 0 0 0 JOYCE BYTOF BOARD MEMBER 1.00 X 0 0 0 CATHERINE J TIERNEY CEO/PRESIDENT/TREASURER 40.00 X X 617429 0 156747 TIMOTHY SCIBORSKI CHIEF LENDING OFFICER 40.00 X 176738 0 61458 MARY J SULLIVAN CHIEF FINANCIAL OFFICER 40.00 X 271175 0 46751 SCOTT STEINFORT CHIEF TECHNOLOGY OFFICER 40.00 X 197831 0 31269 JEFFREY SCHWEITZER SVP FACILITIES AND PURCHAS 40.00 X 168638 0 36386 KEVIN HARTZ SVP BRANCH OPERATIONS 40.00 X 189593 0 17551 AMANDA SECOR SVP MARKETING 40.00 X 161692 0 17958 KIM VAN OSDOL SVP BUSINESS SERVICES 40.00 X 189219 0 63070 LAURIE BUTZ SVP HUMAN RESOURCES 40.00 X 185746 0 19171 2158061 0 450361 15 0 1 0 BURTON KARSTEDT 2336 HIGHPOINT DR LINDENHURST IL 60046 ADVERTISING 1782343 FISERV 75 REMITTANCE DRIVE SUITE 6962 CHICAGO IL 60675 DATA PROCESSING 1278138 US DEPT OF EDUCATION PO BOX 979066 ST LOUIS MO 63197 FFEL CONSOLIDATION LOAN REBATE FEES 505531 TRANS UNION LLC PO BOX 99506 CHICAGO IL 60693 CREDIT BUREAU 254852 VAN LIESHOUT LAW OFFICE 122 E MAIN ST PO BOX 186 LITTLE CHUTE WI 54140 ATTORNEY FEES 224786 11 LOAN INTEREST 900099 58068561 58068561 OTHER OPERATING INCOME 900099 11925697 11901262 24435 FEES & SERVICE CHGS 522100 9033330 8900853 132477 79027588 1184775 1184775 1509770 1521146 -11376 -11376 -11376 OTHER NON-OPERATING INCOME 900099 197421 197421 197421 80398408 78870676 156912 1370820 10555823 1430352 15788367 2425935 1271289 245881 194791 2450887 1508415 1494409 68808 322960 637 1923268 295824 OFFICE OPERATIONS EXPEN 3975287 LOAN SERVICING EXPENSES 2610943 PROVISION FOR LOAN LOSS 1829863 TEMPORARY CORP CU STABI 1227070 1406020 51026829 13260749 19892799 439122 475216 1269623431 1496821822 6337917 9921407 45028317 21966941 23283115 23061376 443518565 455998517 7087170 8133317 1763550069 2014304454 8799353 20879946 70000000 1571747592 1708647812 1580546945 1799527758 X 0 0 0 0 183003124 214776696 183003124 214776696 1763550069 2014304454 X 29371579 2401993 X X 0 0 0 6242169 6242169 22603178 8600393 14002785 25692 25692 0 15969851 13255311 2714540 187427 85545 101882 23061376 INVESTMENTS - PROGRAM RELATED 455998517 C 455998517 MEMBER ACCOUNTS 1708647812 1708647812 X X 1 1 X X X X 0 1 0 CATHERINE J TIERNEY CEO/PRESIDENT/TREASURER 427596 0 167202 0 22631 0 139510 0 17237 0 774176 0 0 0 TIMOTHY SCIBORSKI CHIEF LENDING OFFICER 141284 0 30319 0 5135 0 43373 0 18085 0 238196 0 0 0 MARY J SULLIVAN CHIEF FINANCIAL OFFICER 207189 0 52741 0 11245 0 36868 0 9883 0 317926 0 0 0 SCOTT STEINFORT CHIEF TECHNOLOGY OFFICER 159061 0 32548 0 6222 0 18675 0 12594 0 229100 0 0 0 JEFFREY SCHWEITZER SVP FACILITIES AND PURCHAS 138387 0 25844 0 4407 0 32812 0 3574 0 205024 0 0 0 KEVIN HARTZ SVP BRANCH OPERATIONS 154477 0 28903 0 6213 0 15468 0 2083 0 207144 0 0 0 AMANDA SECOR SVP MARKETING 132035 0 25697 0 3960 0 16794 0 1164 0 179650 0 0 0 KIM VAN OSDOL SVP BUSINESS SERVICES 164395 0 19235 0 5589 0 43665 0 19405 0 252289 0 0 0 LAURIE BUTZ SVP HUMAN RESOURCES 151823 0 29993 0 3930 0 17106 0 2065 0 204917 0 0 0 PART I, LINE 1A THE CREDIT UNION PROVIDES TRAVEL FOR SPOUSES WHEN TRAVELING WITH BOARD MEMBERS ONLY. THE CREDIT UNION ALSO PROVIDES 1 GOLF CLUB AND 2 SOCIAL CLUB MEMBERSHIPS. PART I, LINE 4B PART I, LINE 4B, SCHEDULE J, PART III, SUPPLEMENTAL INFORMATION. DEFERRED COMPENSATION PLAN SECTION 457(F) PLAN THE CREDIT UNION HAS A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR THE ORGANIZATION'S CEO/PRESIDENT/TREASURER. UNDER THE TERMS OF THE PLAN, THE PARTICIPANT IS ENTITLED TO PAYOUT IF THE EMPLOYEE REMAINS EMPLOYED BY THE CREDIT UNION UNTIL A PREDETERMINED TIME. DEFERRED COMPENSATION EXPENSE RELATED TO THIS PLAN WAS $92,614 FOR THE YEAR. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OWNER HAS ONE VOTE TO ELECT ONE OR MORE DIRECTORS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER HAS ONE VOTE TO UTILIZE IN RATIFYING SIGNIFICANT DECISIONS BEYOND THE AUTHORITY OF THE BOARD AS OUTLINED BY 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, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY CEO AND PRESENTED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS COMPLETES A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE USED AN OUTSIDE COMPENSATION CONSULTANT FOR CEO AND KEY EMPLOYEE COMPENSATION. THE COMPENSATION CONSULTANT WORKS DIRECTLY WITH THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE REVIEWED BY THE BOARD OF DIRECTORS MONTHLY AND AN ANNUAL REPORT IS AVAILABLE TO MEMBERSHIP EACH YEAR. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME 886,857. EQUITY ACQUIRED IN MERGER 1,515,136. FORM 990, PART XII, LINE 2B: AUDITED FINANCIAL STATEMENTS: THE ORGANIZATION HAS AN AUDIT PERFORMED EACH YEAR AS OF SEPTEMBER 30TH. THIS QUESTION IS BEING ANSWERED 'NO' ONLY BECAUSE THE REPORTING PERIOD FOR THE ANNUAL AUDIT NOT MATCHING THE DECEMBER 31ST REPORTING PERIOD FOR THE 990. FORM 990, PART XII, LINE 2C: A FINANCIAL AUDIT IS PERFORMED ANNUALLY ALONG WITH INTERNAL AUDITS WHICH ARE PERFORMED THROUGHOUT THE YEAR. THE AUDIT PLAN AND ACTUAL AUDIT REPORTS ARE REVIEWED WITH THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. COMMUNITY FIRST SERVICES INC PO BOX 1487 APPLETON WI 54912 391604353 INSURANCE WI COMMUNITY FIRST CREDIT UNION C 51254 467617 1.00000 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 COMMUNITY FIRST SERVICES INC O 50152 COST COMMUNITY FIRST SERVICES INC A 24435 COST