2014-11-17T09:24:25-06:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2013-01-01 390445714 KIMCENTRAL CREDIT UNION KIMC 9207202572 625 DEERWOOD AVE NEENAH WI 54956 TONNI LARSON PRESIDENT/CEO 9207202572 2014-11-17 1 TANYA MEDGAARDEN P01717240 5074347000 2013 2015-11-30 17:44:51Z TONNI LARSON 625 DEERWOOD AVE NEENAH WI 54956 3324753 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 26 6 3826 -24553 0 0 1985121 1676113 584639 496707 0 0 2569760 2172820 0 0 158356 134667 1052511 1017133 0 0 0 1005361 891475 2216228 2043275 353532 129545 67354751 66354377 52964221 53084002 14390530 13270375 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 2013 ON BORROWED MONEY FROM JAN - NOV. MEMBERS RECEIVED DEPOSITS TO THEIR SAVINGS ACCOUNTS IN DECEMBER. TOTAL INTEREST REFUND PAID BACK TO MEMBERS - $32,132. KIMCENTRAL OPERATES TWO CREDIT UNION OFFICES INSIDE LOCAL HIGH SCHOOLS. STUDENTS RUN THE CREDIT UNION OFFICES TO EDUCATE YOUTH GOOD FINANCIAL MANAGEMENT SKILLS. STAFF ALSO SPENS 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. IN ADDITON THE CREDIT UNION HELD A VIDEO CONTEST WITH SCHOOLS IN COMMUNITIES AND ONE SCHOOL WAS AWARDED WITH A CHECK FOR $5000 AS THE WINNER. KCCU PARTNERED WITH WINNEBAGO COUNTY WIDE CCRIME STOPPERS AND A NOT FOR PROFIT ORGANIZATION ON THIS PROJECT. KIMCENTRAL PROVIDED LOANS TO 384 MEMBERS IN 2013 AND PAID $32,132 BACK TO MEMBERS IN LOAN INTEREST REFUNDS. 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 1229 0 1 26 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 167552 0 10702 CARRIE BONNELL SECRETARY/TREASURER 1.00 X X 0 0 0 TIMOTHY SHORT VICE-CHAIR 1.00 X X 0 0 0 WILLIAM ABBA CHAIRMAN 1.00 X X 0 0 0 PETER DULCAMARA DIRECTOR 1.00 X 0 0 0 THOMAS RING DIRECTOR 1.00 X 0 0 0 MATT FITTON DIRECTOR 1.00 X 0 0 0 KAREN RISKE SENIOR VICE PRESIDENT 45.00 X 211135 0 8358 BRENDA DEWALL ASST VICE PRESIDENT LENDIN 50.00 X 68022 0 9039 446709 0 28099 2 0 1 0 FISERV 75 REMITTANCE DRIVE STE 6944 CHICAGO IL 606756944 DATA PROCESSING 184443 1 LOAN INTEREST 900099 1229667 1229667 OTHER INCOME 524298 333625 333625 FEE INCOME 522100 112821 108995 3826 1676113 561920 561920 985040 101680 983633 168300 1407 -66620 -65213 -65213 2172820 1672287 3826 496707 134667 474808 446869 16051 26691 52714 1616 194793 217251 93503 38516 68363 42106 LOAN SERVICING EXPENSE 88674 EDUCATIONAL AND PROMOTI 74097 OREO IMPAIRMENT 48495 PROVISION FOR LOAN AND 13500 10561 2043275 11378537 10460431 996000 245000 23772336 24482682 2889796 1234344 1729840 1655452 26688227 27277905 473171 505161 2316640 1727746 67354751 66354377 1446351 1328430 51517870 51755572 52964221 53084002 X 0 0 0 0 14390530 13270375 14390530 13270375 67354751 66354377 129545 -1249700 0 X 0 0 0 531457 531457 1616941 606802 1010139 69085 24861 44224 672313 602681 69632 1655452 SECURITIES - AFS 23916778 C SECURITIES - HELD TO MATURITY 19919 C LIFE INSURANCE INVESTMENT 3341208 C 27277905 SHARE DRAFTS 12232678 REGULAR SHARES 20507361 MONEY MARKET SHARES 12208566 SHARE CERTIFICATES 4948462 IRA/KEOGH ACCOUNTS 1858505 51755572 X 1 1 X X X 0 1 0 TONNI LARSON PRESIDENT/CEO 140062 0 27490 0 0 0 8393 0 2309 0 178254 0 0 0 KAREN RISKE SENIOR VICE PRESIDENT 105898 0 15464 0 89773 0 6037 0 2321 0 219493 0 0 0 PART I, LINE 1A KAREN RISKE RECEIVED A YMCA MEMBERSHIP OF $684. PART I, LINE 4B KAREN RISKE RECEIVED A DISTRIBUTION FROM A 457(F) PLAN OF $89,773.18 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 OR 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 PRESIDENT TO HANDLE RESOLUTION. 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 ANNUALLY 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.