UNIVERSITY OF WISCONSIN CREDIT UNION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF WISCONSIN CREDIT UNION (EIN 39-0671465)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-07-19
- IRS object ID
- 201302009349300215
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-07-19T12:00:04-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE HORWATH LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 West Madison Street | AddressLine1 |
| Address Line2 | Suite 700 | AddressLine2 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 606024903 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 390671465 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF WISCONSIN CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UNIV | NameControl |
| Phone | 6082325000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3500 University Ave | AddressLine1 |
| City | Madison | City |
| State | WI | State |
| ZIP Code | 53705 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRAD MCCLAIN | Name |
| Title | EXECUTIVE VP/CFO | Title |
| Date Signed | 2013-07-17 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KRISTIN FICKER | Name |
| PTIN | P01254056 | PTIN |
| Phone | 3128997000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UW CREDIT UNION | BusinessNameLine1 |
Name Of Principal Officer Business NameOfPrincipalOfficerBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PAUL KUNDERT | BusinessNameLine1 |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3500 University Ave | AddressLine1 |
| City | Madison | City |
| State | WI | State |
| ZIP Code | 53705 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 803056249 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.UWCU.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1931 | YearFormation |
| State Legal Domicile | WI | StateLegalDomicile |
| Activity Or Mission Description | THE UNIVERSITY OF WISCONSIN CREDIT UNION IS A FEDERALLY INSURED FINANCIAL INSTITUTION THAT PROVIDES CUSTOMIZED FINANCIAL PRODUCTS AND SERVICES TO MEET THE MONEY MANAGEMENT GOALS OF ITS MEMBERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 493 | TotalNbrEmployees |
| Total Nbr Volunteers | 14 | TotalNbrVolunteers |
| Total Gross UBI | 2607398 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 65613586 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 72944924 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 7958622 | InvestmentIncomePriorYear |
| Investment Income Current Year | 17772072 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -47069 | OtherRevenuePriorYear |
| Other Revenue Current Year | -54401 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 73525139 | TotalRevenuePriorYear |
| Total Revenue Current Year | 90662595 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 40014 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 400093 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 23266676 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 27043288 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 40896617 | OtherExpensePriorYear |
| Other Expenses Current Year | 41582514 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 64203307 | TotalExpensesPriorYear |
| Total Expenses Current Year | 69025895 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 9321832 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 21636700 | RevenuesLessExpensesCY |
| Total Assets BOY | 1427392543 | TotalAssetsBOY |
| Total Assets EOY | 1611815269 | TotalAssetsEOY |
| Total Liabilities BOY | 1298643092 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1459751663 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 128749451 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 152063606 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE MISSION OF UNIVERSITY OF WISCONSIN CREDIT UNION (UWCU) IS TO ENCOURAGE THRIFT AMONG ITS MEMBERS, TO CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, TO PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS AND TO PERFORM THE FUNCTIONS AND EXERCISE THE POWERS DESIGNATED FOR CREDIT UNIONS UNDER THE APPLICABLE LAW. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | THE UNIVERSITY OF WISCONSIN CREDIT UNION (UWCU) CONTINUES TO GROW THEIR MEMBERSHIP, INCREASING CHECKING ACCOUNTS SERVICED BY 11.3% IN 2012. UWCU WAS NAMED THE TOP LENDER FOR HOME PURCHASE FINANCING IN DANE COUNTY AND SIXTH IN WISCONSIN AMONG ALL MORTGAGE LENDERS. MEMBERS CAN ALSO REFINANCE HOME LOANS WITHOUT PAYING TRADITIONAL CLOSING COSTS WITH OUR RAPID-REFINANCE PROGRAM. MEMBERS WHO PLAN TO PAY OFF THEIR LOANS WITHIN 12 YEARS CAN LOCK INTO A LOW FIXED RATE FOR ONLY $149. UWCU CONTINUED TO BE A TOP EDUCATIONAL LENDER IN 2012 TO UNDERGRADUATE STUDENTS ATTENDING THE UW SYSTEM, EDGEWOOD COLLEGE AND MADISON COLLEGE. UWCU WAS THE TOP CREDIT UNION AUTO LENDER IN DANE COUNTY IN 2012 WITH OVER 10,000 MEMBERS TAKING ADVANTAGE OF LOWER VEHICLE LOAN RATES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | IN 2012, UWCU ADDED 13,289 NEW MEMBERS AND OPENED 13,456 NET NEW CHECKING ACCOUNTS. THE CREDIT UNION'S HONEST AND STRAIGHTFORWARD BUSINESS PRACTICES CONTINUE TO DRIVE MEMBERSHIP AND RELATIONSHIP GROWTH. AT THE END OF 2012, UWCU SERVED OVER 175,000 MEMBERS AND NEARLY 133,000 CHECKING ACCOUNTS. IN ADDITION TO CHECKING SERVICES, MEMBERS ALSO CONTINUE TO PLACE DEPOSITS WITH THE CREDIT UNION WITH AVERAGE SAVINGS PER MEMBER GROWING BY 5.1%. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | UWCU CONTINUES TO FOCUS ON DELIVERING FINANCIAL SERVICES IN A TRUSTWORTHY MANNER. UWCU CONTINUES TO PROVIDE CREDIT CONSULTATION SERVICES WHICH IS A FREE SERVICE THAT BENEFITS ANY MEMBER. MEMBERS CAN MEET WITH A FINANCIAL SPECIALIST TO REVIEW THEIR CREDIT REPORT, BETTER UNDERSTAND THEIR CREDIT SCORE, OR RESEARCH OPTIONS TO LOWER RATES ON EXISTING LOANS. IN 2012, 87% OF NEW MEMBERS, AS WELL AS THOUSANDS OF CURRENT MEMBERS, TOOK ADVANTAGE OF THIS SERVICE AND MANY SAVED THOUSANDS BY REFINANCING LOANS AT LOWER RATES. UWCU OFFERS A FIXED RATE PRIVATE STUDENT LOAN WHICH IS DESIGNED TO HELP STUDENTS AFFORD COLLEGE EXPENSES. UWCU OFFERS LOW-LIMIT, LOW-RATE CREDIT CARDS FOR YOUNG ADULTS TO HELP THEM BUILD THEIR CREDIT RESPSONSIBILY, AND AFFORDABLE NO ANNUAL FEE SECURED CREDIT CARDS FOR MEMBERS WHO NEED TO REPAIR THEIR CREDIT. UWCU OFFERS AN OVERDRAFT LINE-OF-CREDIT PROTECTION WITH NO ANNUAL FEE. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | true | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 57128 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 493 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Brad McClain | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6082325000 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3500 University Avenue | AddressLine1 |
| City | Madison | City |
| State | WI | State |
| ZIP Code | 53705 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (23 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| ERNEST HANSON | ||||||||
| DIRECTOR-TREASURER | 3.00 | X | X | 900 | 0 | 0 | ||
| MARION BROWN | ||||||||
| DIRECTOR-SECRETARY | 2.00 | X | X | 900 | 0 | 0 | ||
| TAD PINKERTON | ||||||||
| DIRECTOR-CHAIR | 3.00 | X | X | 900 | 0 | 0 | ||
| YVONNE EVERS | ||||||||
| DIRECTOR-VICE CHAIR | 2.00 | X | X | 900 | 0 | 0 | ||
| ANN HOYT | ||||||||
| DIRECTOR | 2.00 | X | 900 | 0 | 0 | |||
| CAROLE DOEPPERS | ||||||||
| DIRECTOR | 2.00 | X | 900 | 0 | 0 | |||
| GORDON RIDLEY | ||||||||
| DIRECTOR | 2.00 | X | 225 | 0 | 0 | |||
| JAMES JOHANNES | ||||||||
| DIRECTOR - PARTIAL YEAR | 2.00 | X | 675 | 0 | 0 | |||
| PHILLIP HELLMUTH | ||||||||
| DIRECTOR | 2.00 | X | 1763 | 0 | 0 | |||
| STEVEN RICK | ||||||||
| DIRECTOR | 2.00 | X | 900 | 0 | 0 | |||
| BRAD MCCLAIN | ||||||||
| EXEC VP/CFO | 50.00 | X | 261417 | 0 | 36532 | |||
| MAGGIE HERTZ | ||||||||
| EXEC VP/COO | 50.00 | X | 283188 | 0 | 27435 | |||
| PAUL KUNDERT | ||||||||
| PRESIDENT/CEO | 50.00 | X | 507853 | 0 | 94603 | |||
| GREG YELK | ||||||||
| DIRECTOR OF INFORMATION TECHNOLOGY | 50.00 | 197912 | 0 | 22516 | X | |||
| JULIO RIOS | ||||||||
| DIRECTOR OF MORTGAGE LENDING | 50.00 | 245621 | 0 | 25301 | X | |||
| LEE WIERSMA | ||||||||
| EXEC VP/CHRO | 50.00 | 172066 | 0 | 22724 | X | |||
| LISA GIRDHARRY | ||||||||
| DIRECTOR OF MARKETING | 50.00 | 152177 | 0 | 14635 | X | |||
| MIKE LONG | ||||||||
| EXEC VP/CCO | 50.00 | 204560 | 0 | 24636 | X | |||
| CHRISTOPHER OHLY | ||||||||
| MORTGAGE LOAN OFFICER | 52.00 | 251561 | 0 | 22319 | X | |||
| CORY POOLE | ||||||||
| MORTGAGE LOAN OFFICER | 43.00 | 172733 | 0 | 20580 | X | |||
| ERIC BANGERTER | ||||||||
| DIRECTOR OF INTERNET SERVICES | 50.00 | 146968 | 0 | 21463 | X | |||
| RICHARD MCKINLEY | ||||||||
| MORTGAGE LOAN OFFICER | 46.00 | 178079 | 0 | 22622 | X | |||
| ROB VAN NEVEL | ||||||||
| ASSISTANT VICE PRESIDENT OF MEMBER SERVICES | 50.00 | 161354 | 0 | 16162 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2944452 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 371528 | TotalOtherCompensation |
| Number Individuals GT100 K | 31 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| MORTGAGEBOT LLC | |||||
| 2627 NETWORK PL | CHICAGO | IL | 606731260 | ONLINE LOAN PROCESSING | 386541 |
| CLEAN POWER | |||||
| 124 N 121ST STREET | WAUWATOSA | WI | 53226 | JANITORIAL SERVICES | 224496 |
| WHYTE HIRSCHBOECK DUDEK SC | |||||
| 555 E WELLS ST STE 1900 | MILWAUKEE | WI | 53202 | LEGAL | 217708 |
| ADAMS OUTDOOR ADVERTISING | |||||
| PO BOX 809140 | CHICAGO | IL | 606809140 | ADVERTISING | 148096 |
| DARNIEDER AND GERAGHTY | |||||
| 735 N WATER ST STE 930 | MILWAUKEE | WI | 532024105 | LEGAL | 122984 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 9 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST ON LOANS | 522100 | 44975699 | 44975699 | |
| CARD AND ATM INTERCHANGE | 524298 | 16585931 | 15986129 | 599802 |
| SERVICE CHARGES AND FEES | 522100 | 4610466 | 4610466 | |
| LOAN SERVICING FEES | 522100 | 5098989 | 4466641 | 632348 |
| INVESTMENT AND INSURANCE SERVICES | 525100 | 1375248 | 1375248 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 298591 | TotalRevenueColumn |
| Related Or Exempt Function Income | 298591 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 72944924 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4066109 | TotalRevenueColumn |
| Exclusion | $4,066,109 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 106269 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 160670 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -54401 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -54401 | TotalRevenueColumn |
| Exclusion | -$54,401 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 725938947 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 712232984 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 13705963 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 13705963 | TotalRevenueColumn |
| Related Or Exempt Function Income | 13725299 | RelatedOrExemptFunctionIncome |
| Exclusion | -$19,336 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| Total Revenue ColumnTotalRevenueColumn |
|---|
| 0 |
| 0 |
| 0 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 90662595 | TotalRevenueColumn |
| Related Or Exempt Function Income | 84062825 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 2607398 | UnrelatedBusinessRevenue |
| Exclusion | $3,992,372 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 395500 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4593 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2301238 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19586573 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1397416 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2002342 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1755719 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 176531 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 365565 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 548257 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1587283 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4409630 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2741460 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2921793 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 157237 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3726861 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2726487 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1268403 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| LOAN LOSS PROVISION | 5777936 |
| LOAN SERVICING EXPENSE | 9211726 |
| CARD PROCESSING EXPENSE | 5029683 |
| FRAUD FORGERY LOSSES | 326792 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 606870 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69025895 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21121063 | BOY |
| EOY | 24398873 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 71359599 | BOY |
| EOY | 174754411 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 73266246 | BOY |
| EOY | 2018634 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1015726483 | BOY |
| EOY | 1101942935 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4429201 | BOY |
| EOY | 8084713 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 83192825 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 27364648 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52362959 | BOY |
| EOY | 55828177 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 157920894 | BOY |
| EOY | 214384176 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31206098 | BOY |
| EOY | 30403350 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1427392543 | BOY |
| EOY | 1611815269 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24307751 | BOY |
| EOY | 19994562 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2509484 | BOY |
| EOY | 2615524 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 629490 | BOY |
| EOY | 3792943 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10000000 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1261196367 | BOY |
| EOY | 1433348634 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1298643092 | BOY |
| EOY | 1459751663 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 128749451 | BOY |
| EOY | 152063606 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 128749451 | BOY |
| EOY | 152063606 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1427392543 | BOY |
| EOY | 1611815269 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 21636700 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | -587616 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 2265071 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | false | AgentTrusteeEtc |
| Included On FS | true | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 15289897 | OtherCostOrOtherBasis |
| Book Value | 15289897 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 246508 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 40084543 | OtherCostOrOtherBasis |
| Depreciation | 7188159 | Depreciation |
| Book Value | 33142892 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1884927 | OtherCostOrOtherBasis |
| Depreciation | 1007137 | Depreciation |
| Book Value | 877790 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13579837 | OtherCostOrOtherBasis |
| Depreciation | 9014939 | Depreciation |
| Book Value | 4564898 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12107113 | OtherCostOrOtherBasis |
| Depreciation | 10154413 | Depreciation |
| Book Value | 1952700 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 55828177 | TotalOfBookValueLandBuildings |
Financial Derivatives FinancialDerivatives
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
Closely Held Equity Interests CloselyHeldEquityInterests
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| AGENCY BACKED SECURITIES | 210017576 | F |
| FEDERAL HOME LOAN BANK CHICAGO STOCK | 4366600 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 214384176 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| MEMBER DEPOSITS | $1,427,738,108 |
| OUTSTANDING CASHIERS CHECKS | $5,610,526 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1433348634 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (8 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|---|---|---|
| UNIVERSITY OF WISCONSIN FOUNDATION | ||||||||||
| 1848 UNIVERSITY AVENUE | MADISON | WI | 537088860 | 390743975 | 501(C)(3) | 199500 | 0 | N/A | N/A | COMMUNITY OUTREACH, SCHOLARSHIPS |
| MADISON COLLEGE FOUNDATION | ||||||||||
| 3550 ANDERSON STREET | MADISON | WI | 53704 | 237265867 | 501(C)(3) | 15500 | 0 | N/A | N/A | SCHOLARSHIPS |
| UNITED WAY OF DANE COUNTY | ||||||||||
| 2059 ATWOOD AVENUE | MADISON | WI | 53704 | 390817532 | 501(C)(3) | 23250 | 0 | N/A | N/A | COMMUNITY OUTREACH |
| UNIVERSITY OF OSHKOSH FOUNDATION | ||||||||||
| 842 ALGOMA BLVD | OSHKOSH | WI | 54901 | 396076856 | 501(C)(3) | 15000 | 0 | N/A | N/A | SCHOLARSHIPS |
| UNIVERSITY OF WISCONSIN STEVENS POINT FOUNDATION | ||||||||||
| 2100 MAIN STREET | STEVENS POINT | WI | 54481 | 396098038 | 501(C)(3) | 10000 | 0 | N/A | N/A | SCHOLARSHIPS |
| UNIVERSITY OF WISCONSIN WHITEWATER FOUNDATION | ||||||||||
| 800 WEST MAIN STREET | WHITEWATER | WI | 531901790 | 396081189 | 501(C)(3) | 15000 | 0 | N/A | N/A | SCHOLARSHIPS |
| UNIVERSITY OF WISCONSIN GREEN BAY FOUNDATION | ||||||||||
| 2420 NICOLET DR | GREEN BAY | WI | 54311 | 451600858 | 501(C)(3) | 10000 | 0 | N/A | N/A | SCHOLARSHIPS |
| UNIVERSITY OF WISCONSIN MILWAUKEE FOUNDATION | ||||||||||
| 1440 EAST NORTH AVENUE | MILWAUKEE | WI | 53202 | 237337744 | 501(C)(3) | 100000 | 0 | N/A | N/A | SCHOLARSHIPS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 8 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (13 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LISA GIRDHARRY | ||||||||||||||
| DIRECTOR OF MARKETING | 119358 | 0 | 14825 | 0 | 17994 | 0 | 4381 | 0 | 10254 | 0 | 166812 | 0 | 0 | 0 |
| CORY POOLE | ||||||||||||||
| MORTGAGE LOAN OFFICER | 45623 | 0 | 126586 | 0 | 524 | 0 | 5742 | 0 | 14838 | 0 | 193313 | 0 | 0 | 0 |
| ERIC BANGERTER | ||||||||||||||
| DIRECTOR OF INTERNET SERVICES | 124360 | 0 | 17770 | 0 | 4838 | 0 | 5988 | 0 | 15475 | 0 | 168431 | 0 | 0 | 0 |
| ROB VAN NEVEL | ||||||||||||||
| ASSISTANT VICE PRESIDENT OF MEMBER SERVICES | 122785 | 0 | 22881 | 0 | 15688 | 0 | 6631 | 0 | 9531 | 0 | 177516 | 0 | 0 | 0 |
| CHRISTOPHER OHLY | ||||||||||||||
| MORTGAGE LOAN OFFICER | 57300 | 0 | 193790 | 0 | 471 | 0 | 7823 | 0 | 14496 | 0 | 273880 | 0 | 0 | 0 |
| GREG YELK | ||||||||||||||
| DIRECTOR OF INFORMATION TECHNOLOGY | 159948 | 0 | 20796 | 0 | 17168 | 0 | 7958 | 0 | 14558 | 0 | 220428 | 0 | 0 | 0 |
| JULIO RIOS | ||||||||||||||
| DIRECTOR OF MORTGAGE LENDING | 107210 | 0 | 134187 | 0 | 4224 | 0 | 9397 | 0 | 15904 | 0 | 270922 | 0 | 0 | 0 |
| LEE WIERSMA | ||||||||||||||
| EXEC VP/CHRO | 126458 | 0 | 28153 | 0 | 17455 | 0 | 6969 | 0 | 15755 | 0 | 194790 | 0 | 0 | 0 |
| MIKE LONG | ||||||||||||||
| EXEC VP/CCO | 166858 | 0 | 28857 | 0 | 8845 | 0 | 8228 | 0 | 16408 | 0 | 229196 | 0 | 0 | 0 |
| BRAD MCCLAIN | ||||||||||||||
| EXEC VP/CFO | 196077 | 0 | 44355 | 0 | 20985 | 0 | 8915 | 0 | 27617 | 0 | 297949 | 0 | 0 | 0 |
| MAGGIE HERTZ | ||||||||||||||
| EXEC VP/COO | 215528 | 0 | 47947 | 0 | 19713 | 0 | 10336 | 0 | 17099 | 0 | 310623 | 0 | 0 | 0 |
| PAUL KUNDERT | ||||||||||||||
| PRESIDENT/CEO | 395306 | 0 | 80000 | 0 | 32547 | 0 | 75633 | 0 | 18970 | 0 | 602456 | 0 | 0 | 0 |
| RICHARD MCKINLEY | ||||||||||||||
| MORTGAGE LOAN OFFICER | 58337 | 0 | 118384 | 0 | 1358 | 0 | 6315 | 0 | 16307 | 0 | 200701 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Travel for companions | Schedule J, Part I, Line 1a | AS PRESCRIBED IN THE BOARD GOVERNANCE POLICY, TO PROVIDE FOR THE DEVELOPMENT OF MEMBER ELECTED BOARD MEMBERS, AND BUILD THEIR KNOWLEDGE TO SERVE EFFECTIVELY, EACH DIRECTOR IS EXPECTED TO SEEK OUT EDUCATIONAL AND DEVELOPMENT CONFERENCES AND OPPORTUNITIES FOR THIS PURPOSE. DIRECTORS ARE ENCOURAGED TO PARTICIPATE IN AT LEAST ONE EDUCATIONAL CONFERENCE EVERY TWO YEARS. CONSISTENT WITH THE GUIDANCE OF THE NATIONAL CREDIT UNION ADMINISTRATION AND TO ENCOURAGE DIRECTORS TO TAKE PERSONAL TIME TO ATTEND EDUCATIONAL AND DEVELOPMENTAL MEETINGS, DIRECTORS AS A COURTESY MAY BE REIMBURSED FOR THE REASONABLE COSTS OF THEIR TRAVEL AND ATTENDANCE INCLUDING A GUEST, WHO MAY ACCOMPANY THEM ON CREDIT UNION RELATED TRAVEL. WHILE THE NATIONAL CREDIT UNION ADMINISTRATION HAS INDICATED IN LETTERS 05-FCU-02 THAT THEY DO NOT CONSIDER GUEST TRAVEL TO BE COMPENSATION TO DIRECTORS, FOR TAX REPORTING PURPOSES THE CREDIT UNION DOES ISSUE 1099-MISC RELATED TO GUEST TRAVEL. FOR 2012, THE TOTAL COMPANION TRAVEL PAID BY UWCU FOR ONE OF THEIR DIRECTORS WAS $863. |
| Supplemental nonqualified retirement plan | Schedule J, Part I, Line 4b | THE BOARD HAS ESTABLISHED A DEFERRED COMPENSATION PLAN FOR THE PRESIDENT AS ALLOWED UNDER IRC 457(F). THE PLAN IS DESIGNED TO COMPENSATE FOR BENEFITS NOT ELIGIBLE UNDER THE 401(K) PLAN AS A RESULT OF LIMITATIONS IMPOSED BY THE IRS ON ALLOWABLE CONTRIBUTIONS, AS WELL AS TO PROVIDE A LONG-TERM INCENTIVE FOR SUSTAINED PERFORMANCE. THE DEFERRED COMPENSATION CONTRIBUTION FOR THE PRESIDENT FOR 2012 WAS $68,000. CUMULATIVE DEFERRED COMPENSATION PAYABLE TO THE PRESIDENT IS A GENERAL CREDITOR OBLIGATION OF THE CREDIT UNION. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Classes of members or stockholders | Form 990, Part VI, Section A, Line 6 | ALL MEMBERS ARE GIVEN ONE VOTE IN ELECTION OF BOARD MEMBERS, OR THE APPROVAL OF SIGNIFICANT DECISIONS, WITHOUT PREFERENCE TO THE AMOUNT OF FUNDS THEY HAVE ON DEPOSIT WITH THE CREDIT UNION. |
| Members or stockholders electing members of governing body | Form 990, Part VI, Section A, Line 7a | THE UNIVERSITY OF WISCONSIN CREDIT UNION IS A MEMBER OWNED COOPERATIVE BUSINESS ORGANIZATION, GOVERNED BY A NINE MEMBER BOARD OF DIRECTORS. THE BOARD IS COMPRISED OF ACTIVE MEMBERS OF THE CREDIT UNION WHO ARE SELECTED BY THE MEMBERSHIP THROUGH A DEMOCRATIC ELECTION PROCESS. |
| Decisions requiring approval by members or stockholders | Form 990, Part VI, Section A, Line 7b | AT ANY MEMBERSHIP MEETING, A MAJORITY OF THE MEMBERS PRESENT MAY DIRECT THE BOARD TO CONSIDER POLICIES PROPOSED BY THE MEMBERS, OR RECONSIDER ANY DECISION OF THE DIRECTORS, OFFICERS, OR COMMITTEES. FURTHERMORE, THE MEMBERS MUST APPROVE OF ANY CONSOLIDATIONS OR MERGERS. |
| Review of form 990 by governing body | Form 990, Part VI, Section B, Line 11b | THE CEO, CFO AND CONTROLLER PERFORM A THOROUGH REVIEW OF THE DRAFT FORM 990 PRIOR TO THE FULL BOARD REVIEW. THE PAID TAX PREPARER PRESENTS EXCERPTS FROM THE DRAFT FORM 990 TO THE AUDIT COMMITTEE AND A FINAL COPY OF THE RETURN IS PROVIDED TO THE FULL BOARD PRIOR TO FILING THE RETURN WITH THE IRS. |
| Conflict of interest policy | Form 990, Part VI, Section B, Line 12c | BOARD MEMBERS, OFFICERS AND EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTERESTS THEY MAY HAVE WITH THE ORGANIZATION. THE CHIEF HUMAN RESOURCE OFFICER REVIEWS EACH POLICY STATEMENT SIGNED BY THESE INDIVIDUALS TO DETERMINE IF ANY CONFLICTS HAVE OCCURRED AND NEED TO BE BROUGHT TO THE ATTENTION OF THE BOARD. IF A CONFLICT ARISES, THE RESPECTIVE BOARD MEMBER WILL ABSTAIN HIM/HERSELF FROM ANY RELATED DISCUSSION, VOTE OR SIMILAR ACTION ON THE MATTER. |
| Process used to establish compensation of top management official | Form 990, Part VI, Section B, Line 15a | AS PROVIDED BY THE BYLAWS, THE PRESIDENT IS THE CHIEF EXECUTIVE OFFICER AND THE TOP MANAGEMENT OFFICIAL. THE PRESIDENT SERVES AT THE PLEASURE OF THE BOARD OF DIRECTORS. AS PRESCRIBED BY THE BYLAWS THE BOARD OF DIRECTORS SETS THE COMPENSATION OF THE PRESIDENT. THE BOARD HAS EXECUTED A FORMAL EMPLOYMENT CONTRACT WITH THE PRESIDENT, WHICH PROVIDES THAT EITHER PARTY MAY TERMINATE THE AGREEMENT AT ANY TIME. PER THE TERMS OF THE CONTACT, THE BOARD SETS THE COMPENSATION OF THE PRESIDENT USING INDEPENDENTLY OBTAINED DATA TO BENCHMARK THE MARKET VALUE OF THE POSITION, WHICH WAS LAST UNDERTAKEN IN 2012. ALL EMPLOYEES OF THE CREDIT UNION, INCLUDING THE PRESIDENT, ARE ELIGIBLE TO RECEIVE A BASE PAY AS WELL AS A VARIABLE PAY BONUS BASED ON THE ATTAINMENT OF ORGANIZATIONAL GOALS, WHICH INCLUDE MEMBER SATISFACTION, AND FINANCIAL STEWARDSHIP. THE PRESIDENT RECEIVES THE SAME LIFE, MEDICAL, DISABILITY, AND DENTAL INSURANCE, AND 401(K) BENEFITS THAT ARE AVAILABLE TO ALL FULL-TIME EMPLOYEES OF THE CREDIT UNION. THE PRESIDENT IS PROVIDED WITH OTHER BENEFITS WHICH INCLUDE A SUPPLEMENTAL DISABILITY INSURANCE POLICY, AND IS PROVIDED A COMPANY AUTOMOBILE AVAILABLE FOR PERSONAL USE. THE ANNUAL VALUE OF THESE SUPPLEMENTAL BENEFITS INCLUDED IN SCHEDULE J PART II IS $10,631. THE BOARD OF DIRECTORS DELIBERATIONS AND DETERMINATIONS REGARDING COMPENSATION ARE RECORDED ON A TIMELY BASIS IN THE MINUTES OF THEIR MEETINGS. |
| PROCESS USED TO ESTABLISH COMPENSATION FOR OTHER OFFICERS/ KEY EMPLOYEES | FORM 990, PART VI, LINE 15B | THE CHIEF EXECUTIVE OFFICER OF THE CREDIT UNION APPROVES THE COMPENSATION OF ALL SUBORDINATE OFFICERS OF THE CREDIT UNION. CONSISTENT WITH ALL OTHER CREDIT UNION EMPLOYEE POSITIONS, THE CREDIT UNION FOLLOWS A COMPENSATION SYSTEM THAT ASSIGNS A POSITION GRADE AND SALARY RANGE FOR EACH POSITION. AT LEAST BI-ANNUALLY, INDEPENDENT BENCHMARK DATA FROM AT LEAST TWO SOURCES IS OBTAINED. BASED ON THE MEDIAN OF THE BLENDED BENCHMARKS, POSITIONS ARE ASSIGNED TO A SALARY GRADE. FOR SUBORDINATE OFFICERS, COMPENSATION ADJUSTMENTS CAN BE MADE BY THE CHIEF EXECUTIVE OFFICER BASED ON INDIVIDUAL PERFORMANCE WITHIN THE CONFINES OF THE ESTABLISHED SALARY GRADE. ALL EMPLOYEES OF THE CREDIT UNION, INCLUDING THE OFFICERS SUBORDINATE TO THE CHIEF EXECUTIVE OFFICER, ARE ELIGIBLE TO RECEIVE BASE PAY AS WELL AS A VARIABLE PAY BONUS BASED ON THE ATTAINMENT OF ORGANIZATIONAL GOALS AND INDIVIDUAL PERFORMANCE, WHICH INCLUDE MEMBER SATISFACTION, AND FINANCIAL STEWARDSHIP. THE VARIABLE PAY POTENTIAL BONUS POOL FUNDS ARE APPROVED BY THE BOARD OF DIRECTORS. EMPLOYEES, INCLUDING OFFICERS SUBORDINATE TO THE CHIEF EXECUTIVE OFFICER, PARTICIPATE IN THE BONUS POOL BASED ON THEIR INDIVIDUAL PERFORMANCE AND SALARY GRADE. THE OFFICERS SUBORDINATE TO THE CHIEF EXECUTIVE OFFICER RECEIVE THE SAME LIFE, MEDICAL, AND DENTAL INSURANCE, AND 401(K) BENEFITS THAT ARE AVAILABLE TO ALL FULL-TIME EMPLOYEES OF THE CREDIT UNION. |
| Governing documents, conflict of interest policy and financial statements available to the public | Form 990, Part VI, Section C, Line 19 | ALL OF THESE DOCUMENTS, EXCLUDING THE CONFLICT OF INTEREST POLICY, ARE AVAILABLE ON THE CREDIT UNION'S PUBLIC WEBSITE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE TO EMPLOYEES OF THE CREDIT UNION ON THE INTERNAL INTRANET AND IS REQUIRED TO BE REVIEWED AND SIGNED BY THEM ANNUALLY. |
| BOARD COMPENSATION POLICY | FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (D) | AS A CONVENIENCE TO UW CREDIT UNION, AND TO MINIMIZE THE CREDIT UNION'S ADMINISTRATIVE BURDEN RELATED TO PROCESSING AND PAYING INCIDENTAL OUT-OF-POCKET EXPENSES SUCH AS TELEPHONE, LOCAL MILEAGE, PARKING, COPYING, POSTAGE, AND SUPPLIES ASSOCIATED WITH DUTIES OF THE BOARD DIRECTOR POSITIONS, THE BOARD HAS IMPLEMENTED A POLICY OF PER DIEM REIMBURSEMENT OF EXPENSE. DIRECTORS ARE REIMBURSED $75 PER MONTH FOR AN ANNUAL TOTAL OF $900 PER DIRECTOR. |
| Other changes in net assets or fund balances | Form 990 , Part XI, Line 9 | MORTGAGE MARKET HEDGING VALUATION - 2265071; |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CU CAMPUS RESOURCES LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3500 UNIVERSITY AVE | AddressLine1 |
| City | MADISON | City |
| State | WI | State |
| ZIP Code | 53705 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 272613828 | EIN |
| Primary Activities | CUSTOMIZED STUDENT LOAN PROGRAMS | PrimaryActivities |
| Legal Domicile State | WI | LegalDomicileState |
| Total Income | 1173754 | TotalIncome |
| EOY Assets | 563995 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UWCU | BusinessNameLine1 |
Comments