EDUCATORS CREDIT UNION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: EDUCATORS CREDIT UNION (EIN 39-0555293)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-08-13
IRS object ID: 201322259349301022
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
Form 990
Schedule D
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-08-13T09:41:14-05:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	390758449	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WIPFLI LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 8010	AddressLine1
City	WAUSAU	City
State	WI	State
ZIP Code	544028010	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	390555293	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	EDUCATORS CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	EDUC	NameControl
Phone	2628865900	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1400 N NEWMAN ROAD	AddressLine1
City	RACINE	City
State	WI	State
ZIP Code	53406	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MICHELLE GABOR	Name
Title	CFO	Title
Phone	2628865900	Phone
Date Signed	2013-08-12	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	MARY A COATES CPA	Name
PTIN	P00134220	PTIN
Phone	7158453111	Phone
Date Prepared	2013-08-12	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	MICHELLE GABOR	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	1400 N NEWMAN ROAD	AddressLine1
City	RACINE	City
State	WI	State
ZIP Code	53406	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	82438511	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Group Exemption Number	2157	GroupExemptionNumber
Organization501c	X	Organization501c
Web Site	WWW.ECU.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1937	YearFormation
State Legal Domicile	WI	StateLegalDomicile
Activity Or Mission Description	OUR MISSION IS TO PROVIDE EXCEPTIONAL, PERSONALIZED, AND CONVENIENT PRODUCTS AND SERVICES TO ASSIST OUR MEMBERS/OWNERS IN REACHING THEIR FINANCIAL GOALS.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	411	TotalNbrEmployees
Total Nbr Volunteers	13	TotalNbrVolunteers
Total Gross UBI	25331	TotalGrossUBI
Net Unrelated Business Txbl Income	-73283	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	0	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	67145099	ProgramServiceRevenuePriorYear
Program Service Revenue CY	65809338	ProgramServiceRevenueCY
Investment Income Prior Year	675814	InvestmentIncomePriorYear
Investment Income Current Year	1505926	InvestmentIncomeCurrentYear
Other Revenue Prior Year	0	OtherRevenuePriorYear
Other Revenue Current Year	273473	OtherRevenueCurrentYear
Total Revenue Prior Year	67820913	TotalRevenuePriorYear
Total Revenue Current Year	67588737	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	14140103	SalariesEtcPriorYear
Salaries Etc Current Year	15945919	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	44986071	OtherExpensePriorYear
Other Expenses Current Year	41051224	OtherExpensesCurrentYear
Total Expenses Prior Year	59126174	TotalExpensesPriorYear
Total Expenses Current Year	56997143	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	8694739	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	10591594	RevenuesLessExpensesCY
Total Assets BOY	1318725437	TotalAssetsBOY
Total Assets EOY	1410249907	TotalAssetsEOY
Total Liabilities BOY	1185624637	TotalLiabilitiesBOY
Total Liabilities EOY	1264691221	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	133100800	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	145558686	NetAssetsOrFundBalancesEOY
Mission Description	THE CREDIT UNION OPERATES TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A REASONABLE RATE OF INTEREST, AND TO PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Description	LENDING - PROVIDED NON COMMERCIAL LOANS, MORTGAGES AND LEASES WITH BALANCES OF $1,138,643,543.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Description	SAVING - PROVIDED SAVING, CHECKING, CDS, IRAS AND MONEY MARKET ACCOUNTS WITH BALANCES OF $1,240,295,918.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Description	WE HAVE OVER 114,000 MEMBERS AND FOCUS ON EDUCATING THEM IN OUR BRANCHES AS WELL AS THROUGH COMMUNITY ACTIVITIES.	Description

Field	Value	IRS element (for citing)
Described In501 C3	0	DescribedIn501C3
Schedule B Required	0	ScheduleBRequired
Political Activities	0	PoliticalActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	1	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	0	ReportFin48Footnote
Independent Audit Financial Stmt	0	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	1	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	1	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	1	DisregardedEntity
Related Entity	1	RelatedEntity
Related Org Controlled Entity	1	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	72427	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	411	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	1	UnrelatedBusinessIncome
Form990-T Filed	1	Form990-TFiled
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	0	QuidProQuoContributions
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Indoor Tanning Services	0	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	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	1	MembersOrStockholders
Election Of Board Members	1	ElectionOfBoardMembers
Decisions Subject To Approval	1	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	0	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	1	LocalChapters
Policies Reference Chapters	1	PoliciesReferenceChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	1	WhistleblowerPolicy
Document Retention Policy	0	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	1	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	MICHELLE GABOR	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	2628865900	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1400 N NEWMAN ROAD	AddressLine1
City	RACINE	City
State	WI	State
ZIP Code	53406	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (20 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
BILL HALSEY
BOARD-MEMBER	1.00	X	1850	0	0
KRISTINE DIENER
BOARD-MEMBER	1.00	X	1900	0	0
MILTON DOCKERY
BOARD-MEMBER	1.00	X	850	0	0
PAUL PELZEK
BOARD-MEMBER	1.00	X	2250	0	0
MARY ANN SMITH
BOARD-MEMBER	1.00	X	2250	0	0
MICHAEL ISELIN
BOARD-MEMBER	1.00	X	2250	0	0
MARY LUENEBURG
PRESIDENT	1.00	X	3700	0	0	X
CHERYL KOTHE
VICE PRESIDENT	1.00	X	1900	0	0	X
DAVE HOLLE
BOARD-SECRETARY	1.00	X	2050	0	0	X
BRAD ZAUTCKE
BOARD-TREASURER	1.00	X	1650	0	0	X
JANET DAYS
ASSOC. BOARD MEMBER	1.00	X	1250	0	0
CLARENCE ALLEN
ASSOC. BOARD MEMBER	1.00	X	0	0	0
ROBERT STEPIEN
CFO	40.00		135197	0	4745	X
EUGENE SZYMCZAK
PRESIDENT OF CREDIT UNION	40.00		381437	0	27447	X
ROBERT WALLESER
VP-BRANCH OPERATIONS	40.00		136230	0	26324	X
JAMES HOOPER
VP-FACILITIES	40.00		102888	0	22284	X
MICHELLE GABOR
VP-FINANCE	40.00		99412	0	10020	X
PETERS STEIN
VP-HUMAN RESOURCES	40.00		131206	0	16830	X
LINDA HOOVER
VP-LOANS	40.00		129541	0	12574	X
JAMES HENDERSON
VP-MEMBER ENHANCEMENTS	40.00		158305	0	14888	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	1296116	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	135112	TotalOtherCompensation
Number Individuals GT100 K	7	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
CASHROON SOLUTIONS
161 BUSINESS PARK CIRCLE	STOUGHTON	WI	53589	ATM SERVICE	3206462
JACK HENRY & ASSOCIATES
1140 CENTRE POINTE BLVD	MENDOTA HEIGHTS	MN	55120	IT SERVICES	504611
INFOIMAGE
875 W SANDY LAKE RD	COPPELL	TX	75019	IT SERVICES	322982
BUKACEK CONSTRUCTION
2429 SUMMIT AVENUE	RACINE	WI	53404	CONSTRUCTION SERVICES	288640
EFUNDS CORPORATION
4900 W BROWN DEER RD	BROWN DEER	WI	53223	FINANCIAL SERVICES	276033

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	21	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
INTEREST ON LOANS	522100	49741186	49741186
MEMBER SERVICE FEES	522100	7011754	6986423	25331
CREDIT CARD INTERCHANGE INCOME	522100	5960625	5960625
LOAN SERVICE FEES	522100	2616853	2616853
COMMISSIONS	522100	366695	366695

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	112225	TotalRevenueColumn
Related Or Exempt Function Income	112225	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	65809338	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1525203	TotalRevenueColumn
Exclusion	$1,525,203	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	321980	Real

Less Rental Expenses LessRentalExpenses

Field	Value	IRS element (for citing)
Real	482721	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	-160741	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	-160741	TotalRevenueColumn
Exclusion	-$160,741	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	12467698	Securities
Other	1880078	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	12355000	Securities
Other	2012053	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	112698	Securities
Other	-131975	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-19277	TotalRevenueColumn
Exclusion	-$19,277	ExclusionAmount

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
OTHER INCOME	900099	410097	410097
GIFT CARD INCOME	900099	24117		$24,117

Field	Value	IRS element (for citing)
Total Other Revenue	434214	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	67588737	TotalRevenueColumn
Related Or Exempt Function Income	66194104	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	25331	UnrelatedBusinessRevenue
Exclusion	$1,369,302	ExclusionAmount

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	X	InfoInScheduleOPartIX

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	1431228	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	10749962	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	1113470	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	1651034	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	1000225	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	87481	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	173543	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	90431	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	1327522	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	2999930	Total

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	2315317	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	2525761	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	449980	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	2835739	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	228216	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
PROVISION FOR LOAN LOSS	11170886
DIVIDENDS PAID	8673569
DEBIT AND CREDIT CARD E	2270316
OTHER EXPENSES	1494554

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	4407979	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	56997143	Total

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	68248163	BOY
EOY	64885127	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	72447772	BOY
EOY	95298746	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	1042269953	BOY
EOY	1125869987	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	862631	BOY
EOY	927218	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	63056610	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	26469800	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	37254671	BOY
EOY	36586810	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	75097091	BOY
EOY	57369649	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	22545156	BOY
EOY	29312370	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1318725437	BOY
EOY	1410249907	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	2569263	BOY
EOY	11669596	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1183055374	BOY
EOY	1253021625	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1185624637	BOY
EOY	1264691221	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	133100800	BOY
EOY	145558686	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	133100800	BOY
EOY	145558686	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1318725437	BOY
EOY	1410249907	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	10591594	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	404233	ReconciliationUnrealizedInvest
Reconcilation Other Changes	1462059	ReconcilationOtherChanges
Info In Schedule O Part XII	X	InfoInScheduleOPartXII
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Consolidated	X	FinancialStatementConsolidated

Field	Value	IRS element (for citing)
Audit Committee	1	AuditCommittee
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Total Number Of Easements	1	TotalNumberOfEasements
Total Acreage	1.00	TotalAcreage
Nmbr States In Which Easements Held	1	NmbrStatesInWhichEasementsHeld
Written Policy Monitoring	0	WrittenPolicyMonitoring
Staff Hours Spent On Enforcement	10.00	StaffHoursSpentOnEnforcement

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	5894047	OtherCostOrOtherBasis
Book Value	5894047	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	31517801	OtherCostOrOtherBasis
Depreciation	7566985	Depreciation
Book Value	23950816	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	483858	OtherCostOrOtherBasis
Depreciation	385171	Depreciation
Book Value	98687	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	25160904	OtherCostOrOtherBasis
Depreciation	18517644	Depreciation
Book Value	6643260	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	36586810	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
MEMBERS' SHARE AND SAVINGS ACCOUNTS	$1,240,295,918
OUTSTANDING DRAFTS PAYABLE	$11,392,001
OTHER LIABILITIES	$1,333,706

Field	Value	IRS element (for citing)
Total Of Amounts	1253021625	TotalOfAmounts

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	X	TravelForCompanions
Club Dues Or Fees	X	ClubDuesOrFees
Written Policy Re T And E Expenses	1	WrittenPolicyReTAndEExpenses
Substantiation Required	1	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	0	SeverancePayment
Supplemental Nonqual Retire Plan	1	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	0	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (3 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
EUGENE SZYMCZAK
PRESIDENT OF CREDIT UNION	344565	0	20483	0	16389	0	21370	0	6077	0	408884	0	0	0
ROBERT WALLESER
VP-BRANCH OPERATIONS	115166	0	12340	0	8724	0	3563	0	22761	0	162554	0	0	0
JAMES HENDERSON
VP-MEMBER ENHANCEMENTS	137489	0	9777	0	11039	0	7251	0	7637	0	173193	0	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Return Reference	PART I, LINE 4B	ReturnReference
Explanation	EUGENE SZYMCZAK- $15,120 JAMES HENDERSON - $10,400	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (11 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
FORM 990, PART VI, SECTION A, 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).
FORM 990, PART VI, SECTION A, LINE 7A	THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP UTILIZING THEIR ONE VOTE PER MEMBER.
FORM 990, PART VI, SECTION A, LINE 7B	A MERGER IN WHICH EDUCATORS CREDIT UNION WAS NOT THE SURVIVING CREDIT UNION.
FORM 990, PART VI, SECTION A, LINE 8B	MINUTES ARE NOT TAKEN FOR SUBCOMMITTEES OF THE BOARD, WITH THE EXCEPTION OF THE ALM COMMITTEE AND THE AUDIT COMMITTEE. THE ACTIONS RECOMMENDED BY THE SUBCOMMITTEES ARE PRESENTED TO THE FULL BOARD FOR APPROVAL AND INCLUDED IN THEIR MINUTES.
FORM 990, PART VI, SECTION B, LINE 11	INFORMATION IS GATHERED BY THE V.P. OF FINANCE AND THE HUMAN RESOURCES MANAGER. THE FORM 990 IS REVIEWED BY THE CFO AND THE AUDIT MANAGER. A COPY OF THE 990 IS PROVIDED TO THE BOARD.
FORM 990, PART VI, SECTION B, LINE 12C	EMPLOYEES ARE REQUIRED ANNUALLY TO SIGN THE OATH OF OFFICE AND REPORT ANY CONFLICTS OF INTEREST. WE OBTAIN ANNUAL SALARY DATA FROM A 3RD PARTY VENDOR. THE BUDGETING PROCESS AND BOARD APPROVE PERCENTAGE INCREASES FOR OVERALL SALARY INCREASES. ANNUAL INCREASES ARE GIVEN BASED ON SALARY RANGE, POSITION IN RANGE, PERFORMANCE, LENGTH OF EMPLOYMENT, TIME IN POSITION, AND THE BOARD APPROVED AVERAGE PERCENTAGE INCREASE.
FORM 990, PART VI, SECTION B, LINE 15	WE OBTAIN ANNUAL SALARY DATA FROM A 3RD PARTY VENDOR. THE BUDGETING PROCESS AND BOARD APPROVE PERCENTAGE INCREASE FOR OVERALL SALARY INCREASES. ANNUAL INCREASES ARE GIVEN BASED ON SALARY RANGE, POSITION IN RANGE, PERFOMANCE, LENGTH OF EMPLOYMENT, TIME IN POSITION, AND THE BOARD APPROVED AVERAGE PERCENTAGE INCREASE.
FORM 990, PART VI, SECTION C, LINE 19	GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUESTS.
FORM 990, PART IX, LINE 11G	CONTRACTED SERVICES : TOTAL EXPENSES 90,431.	OTHER FEES
FORM 990, PART XI, LINE 9:	EQUITY FROM MERGER WITH KYLE CENTRAL CREDIT UNION 1,479,059. LOSS FROM CUSO -17,000.	CHANGES IN NET ASSETS OR FUND BALANCES:
FORM 990, PART XII, LINE 2C	THE BOARD IS INCHARGE OF OVERSIGHT OF THE AUDIT PROCESS. THERE HAS BEEN NO CHANGE IN THE OVERSIGHT PROCESS FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI (2 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	Primary ActivitiesPrimaryActivities	Legal Domicile StateLegalDomicileState	EOY AssetsEOYAssets	Direct Controlling Entity NADirectControllingEntityNA
EDUCATORS CREDIT UNION-CENTER STREET REAL ESTATE LLC
1400 N NEWMAN ROAD	RACINE	WI	53406	REAL ESTATE	WI	490000	N/A
EDUCATORS CREDIT UNION-IVANHOE PLACE REAL ESTATE LLC
1400 N NEWMAN ROAD	RACINE	WI	53406	REAL ESTATE	WI	8920000	N/A

Form990 Schedule R Part IV Form990ScheduleRPartIV

Name Of Related Org NameOfRelatedOrg

Field	Value	IRS element (for citing)
Business Name Line1	EDUCATORS CREDIT UNION FINANCIAL SERVICES INCORPORATE ECU FSI	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1400 N NEWMAN ROAD	AddressLine1
City	RACINE	City
State	WI	State
ZIP Code	53406	ZIPCode

Field	Value	IRS element (for citing)
EIN	391941702	EIN
Primary Activity	AUTOMOBILE LEASING SALES AND SERVICE	PrimaryActivity
Legal Domicile State	WI	LegalDomicileState

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	EDUCATORS CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Type Of Entity	C	TypeOfEntity
Share Of Total Income	16999	ShareOfTotalIncome
Share Of EOY Assets	9930756	ShareOfEOYAssets
Percentage Ownership	1.00000	PercentageOwnership
Controlled Org	1	ControlledOrg

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	1	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	0	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	0	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	1	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	0	LoansOrGuaranteesFromOtherOrg
Dividends Related Organization	0	DividendsRelatedOrganization
Sale Of Assets To Other Org	0	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	0	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	0	ExchangeOfAssets
Rental Of Facilities To Other Orgs	0	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	0	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	0	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	0	PerformOfServicesByOtherOrgs
Sharing Of Facilities	1	SharingOfFacilities
Sharing Of Paid Employees	1	SharingOfPaidEmployees
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	0	OtherTransferToOtherOrg
Other Transfer From Other Org	1	OtherTransferFromOtherOrg