EDUCATORS CREDIT UNION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
EDUCATORS CREDIT UNION (EIN 39-0555293)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-05-15
IRS object ID
201241369349300509
Schema version
2011v1.2
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

FieldValueIRS element (for citing)
Timestamp2012-05-15T07:04:40-05:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN390758449EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1WIPFLI LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line17601 FRANCE AVENUE SOUTH SUITE 400AddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55435ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN390555293EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1EDUCATORS CREDIT UNIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlEDUCNameControl
Phone2628865900Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11400 N NEWMAN ROADAddressLine1
CityRACINECity
StateWIState
ZIP Code53406ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameEUGENE SZYMCZAKName
TitlePRESIDENTTitle
Phone2628865900Phone
Date Signed2012-05-14DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameRICHARD RUVELSONName
PTINP00234075PTIN
Phone9525483400Phone
Date Prepared2012-05-14DatePrepared
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonEUGENE SZYMCZAKNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line11400 N NEWMAN ROADAddressLine1
CityRACINECity
StateWIState
ZIP Code53406ZIPCode
FieldValueIRS element (for citing)
Gross Receipts68992355GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Group Exemption Number2157GroupExemptionNumber
Organization501cXOrganization501c
Web SiteWWW.ECU.COMWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1937YearFormation
State Legal DomicileWIStateLegalDomicile
Activity Or Mission DescriptionOUR 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 Body9NbrVotingMembersGoverningBody
Nbr Independent Voting Members0NbrIndependentVotingMembers
Total Nbr Employees372TotalNbrEmployees
Total Nbr Volunteers20TotalNbrVolunteers
Total Gross UBI65178TotalGrossUBI
Net Unrelated Business Txbl Income-51123NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year64464555ProgramServiceRevenuePriorYear
Program Service Revenue CY67145099ProgramServiceRevenueCY
Investment Income Prior Year969955InvestmentIncomePriorYear
Investment Income Current Year675814InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year65434510TotalRevenuePriorYear
Total Revenue Current Year67820913TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year13392809SalariesEtcPriorYear
Salaries Etc Current Year14140103SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year44297542OtherExpensePriorYear
Other Expenses Current Year44986071OtherExpensesCurrentYear
Total Expenses Prior Year57690351TotalExpensesPriorYear
Total Expenses Current Year59126174TotalExpensesCurrentYear
Revenues Less Expenses Prior Year7744159RevenuesLessExpensesPriorYear
Revenues Less Expenses CY8694739RevenuesLessExpensesCY
Total Assets BOY1284080050TotalAssetsBOY
Total Assets EOY1318725437TotalAssetsEOY
Total Liabilities BOY1160026152TotalLiabilitiesBOY
Total Liabilities EOY1185624637TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY124053898NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY133100800NetAssetsOrFundBalancesEOY
Mission DescriptionTHE 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 Services0SignificantNewProgramServices
Significant Change0SignificantChange
DescriptionLENDING - PROVIDED NON COMMERCIAL LOANS, MORTGAGES AND LEASES WITH BALANCES OF $1,054,679,491Description

Activity2 Activity2

FieldValueIRS element (for citing)
DescriptionSAVING - PROVIDED SAVING, CHECKING, CDS, IRAS AND MONEY MARKET ACCOUNTS WITH BALANCES OF $1,167,547,273Description

Activity3 Activity3

FieldValueIRS element (for citing)
DescriptionWE HAVE OVER 104,000 MEMBERS AND FOCUS ON EDUCATING THEM IN OUR BRANCHES AS WELL AS THROUGH COMMUNITY ACTIVITIES.Description
FieldValueIRS element (for citing)
Described In501 C30DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements1ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote0ReportFin48Footnote
Independent Audit Financial Stmt0IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt1ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity1DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity1RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109669430NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees372NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income1UnrelatedBusinessIncome
Form990-T Filed1Form990-TFiled
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members9NbrVotingGoverningBodyMembers
Number Independent Voting Members0NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders1MembersOrStockholders
Election Of Board Members1ElectionOfBoardMembers
Decisions Subject To Approval1DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees0MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters1LocalChapters
Policies Reference Chapters1PoliciesReferenceChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy0DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1MICHELLE GABORBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number2628865900TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line11400 N NEWMAN ROADAddressLine1
CityRACINECity
StateWIState
ZIP Code53406ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (17 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
BILL HALSEY
BOARD-MEMBER1.00X125000
BRAD ZAUTCKE
BOARD-TREASURER1.00X150000X
CHERYL KOTHE
BOARD-VICE CHAIR1.00X145000X
DAVE HOLLE
BOARD-SECRETARY1.00X85000X
KRISTINE DIENER
BOARD-MEMBER1.00X180000
MARY ANN SMITH
BOARD-MEMBER1.00X180000
MARY LEUNEBURG
BOARD PRESIDENT1.00X290000X
PAUL PELZEK
BOARD-MEMBER1.00X205000
MILTON DOCKERY
BOARD-MEMBER1.00X45000
JANET DAYS
ASSOC. BOARD MEMBER1.00X90000
CLARENCE ALLEN
ASSOC. BOARD MEMBER1.00X400000
EUGENE SZYMCZAK
PRESIDENT OF CREDIT UNION40.00353830029682X
JAMES HENDERSON
VP-MEMBER ENHANCEMENTS40.00147184021131X
JAMES HOOPER
VP-FACILITIES40.00100212020804X
LINDA HOOVER
VP-LOANS40.00121426011469X
ROBERT STEPIEN
CFO40.0012469804683X
ROBERT WALLESER
VP-BRANCH OPERATIONS40.00136190023958X
FieldValueIRS element (for citing)
Total Reportable Comp From Org1002490TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation111727TotalOtherCompensation
Number Individuals GT100 K6NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
BUKACEK CONSTRUCTION
2429 SUMMIT AVENUERACINEWI54304BUILDING CONTRACTOR825175
INFOIMAGE
141 JEFFERSON DRIVEMENLO PARKCA94025STATEMENT PROCESSOR338371
EFUNDS CORP
16363 WEST RYERSON RDNEW BERLINWI53151ATM & DEBIT CARD SERVICER264436
D&D CLEANING
932 INDIANA ST RACINE JWIRACINEWI54304OFFICE CLEANING235775
LOOMIS
670 OAKTON STPALATINEIL60563ARMORED SERVICE217619
FieldValueIRS element (for citing)
Number Of Contractors GT100 K13NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeUnrelated Business RevenueUnrelatedBusinessRevenue
INTEREST ON LOANS5221005185040251850402
MEMBER SERVICE FEES5221006490768642903361735
CREDIT CARD INTERCHANG52210048044844804484
NCUA STABILIZATION52210015232321523232
LOAN SERVICE FEES52210014913091491309

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

FieldValueIRS element (for citing)
Total Revenue Column984904TotalRevenueColumn
Related Or Exempt Function Income981461RelatedOrExemptFunctionIncome
Unrelated Business Revenue3443UnrelatedBusinessRevenue
FieldValueIRS element (for citing)
Total Program Service Revenue67145099TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column1175698TotalRevenueColumn
Exclusion$1,175,698ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities80939Securities
Other590619Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities76191Securities
Other1095251Other

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities4748Securities
Other-504632Other

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column-499884TotalRevenueColumn
Related Or Exempt Function Income-499884RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column67820913TotalRevenueColumn
Related Or Exempt Function Income66580037RelatedOrExemptFunctionIncome
Unrelated Business Revenue65178UnrelatedBusinessRevenue
Exclusion$1,175,698ExclusionAmount
FieldValueIRS element (for citing)
Info In Schedule O Part IXXInfoInScheduleOPartIX

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total1114216Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total9689175Total

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total1025816Total

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total1438090Total

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total872806Total

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total158581Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total3565Total

Advertising Advertising

FieldValueIRS element (for citing)
Total1540305Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total4048795Total

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total121083Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total2871375Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total383244Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total2906980Total

Insurance Insurance

FieldValueIRS element (for citing)
Total204553Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotal
DIVIDENDS PAID11815694
PROVISION FOR LOAN LOSS10419129
ASSESSMENT EXPENSE2912381
OTHER EXPENSES1610527

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total5989859Total

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total59126174Total

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY15490605BOY
EOY68248163EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY171152857BOY
EOY72447772EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY1005916247BOY
EOY1042269953EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY945221BOY
EOY862631EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis61270922LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec24016251LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY37994289BOY
EOY37254671EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY30888839BOY
EOY75097091EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY21691992BOY
EOY22545156EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY1284080050BOY
EOY1318725437EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY2493431BOY
EOY2569263EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY1157532721BOY
EOY1183055374EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY1160026152BOY
EOY1185624637EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY124053898BOY
EOY133100800EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY124053898BOY
EOY133100800EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1284080050BOY
EOY1318725437EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses8694739ReconcilationRevenueExpenses
Reconcilation Other Changes352163ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Number Of Easements1TotalNumberOfEasements
Total Acreage1.00TotalAcreage
Nmbr States In Which Easements Held1NmbrStatesInWhichEasementsHeld
Written Policy Monitoring0WrittenPolicyMonitoring
Staff Hours Spent On Enforcement10.00StaffHoursSpentOnEnforcement

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis5899288OtherCostOrOtherBasis
Book Value5899288BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis31201297OtherCostOrOtherBasis
Depreciation6516425Depreciation
Book Value24684872BookValue

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis483858OtherCostOrOtherBasis
Depreciation359129Depreciation
Book Value124729BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis23686479OtherCostOrOtherBasis
Depreciation17140697Depreciation
Book Value6545782BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings37254671TotalOfBookValueLandBuildings

Other Securities OtherSecurities (3 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
GOVERNMENT AGENCY BONDS3112852F
INVESTMENTS71297291F
BONDS686948F
FieldValueIRS element (for citing)
Total Of Book Value Securities75097091TotalOfBookValueSecurities

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescriptionAmountAmount
MEMBERS' SHARE AND SAVINGS ACCOUNTS$1,167,547,271
OUTSTANDING DRAFTS PAYABLE$8,315,756
OTHER LIABILITIES$7,192,347
FieldValueIRS element (for citing)
Total Of Amounts1183055374TotalOfAmounts

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsXTravelForCompanions
Club Dues Or FeesXClubDuesOrFees
Written Policy Re T And E Expenses1WrittenPolicyReTAndEExpenses
Substantiation Required1SubstantiationRequired
Compensation CommitteeXCompensationCommittee
Independent ConsultantXIndependentConsultant
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan1SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
EUGENE SZYMCZAK
319132018965015733023856058260383512000
JAMES HENDERSON
1300750805309056015662054690168315000
ROBERT WALLESER
11557001547305147035570204010160148000

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
Return ReferencePART I, LINE 4BReturnReference
ExplanationEUGENE SZYMCZAK- $15,120 JAMES HENDERSON - $10,400Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (11 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
FORM 990, PART VI, SECTION A, LINE 6THE 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 7ATHE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP UTILIZING THEIR ONE VOTE PER MEMBER.
FORM 990, PART VI, SECTION A, LINE 7BA MERGER IN WHICH EDUCATORS CREDIT UNION WAS NOT THE SURVIVING CREDIT UNION.
FORM 990, PART VI, SECTION A, LINE 8BMINUTES 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 11INFORMATION 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 12CEMPLOYEES ARE REQUIRED ANNUALLY TO SIGN THE OATH OF OFFICE AND REPORT ANY CONFLICTS OF INTEREST. WE ENCOURAGE EMPLOYEES, IF THEY BELIEVE A CONFLICT OF INTEREST EXISTS, TO DISCUSS THE SITUATION WITH THEIR MANAGER, HUMAN RESOURCES, INTERNAL AUDIT, OR OUR ANONYMOUS FRAUD HOTLINE. IF THERE IS A SUSPICION OF A CONFLICT OF INTEREST OR IF ONE IS REPORTED, THE SITUATION IS INVESTIGATED AND ADDRESSED AS NECESSARY. ADDITINALLY, EMPLOYEE AND BOARD MEMBER'S ACCOUNTS ARE PERIODICALLY REVIEWED FOR ANY IRREGULARITIES THAT WOULD POINT TO A VIOLATION OF THE POLICY. AGAIN, IF WARRANTED, FURTHER INVESTIGATION AND ACTION WOULD BE TAKEN.
FORM 990, PART VI, SECTION B, LINE 15WE 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 19GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUESTS.
FORM 990, PART X, LINE 24EDEBIT AND CREDIT CARD EXPENSES: TOTAL EXPENSES 1,576,791. CREDIT CARD REBATE PROGRAM: TOTAL EXPENSES 1,475,727. LOAN SERVICING: TOTAL EXPENSES 1,195,898. BANK SERVICE FEES: TOTAL EXPENSES 987,794. DEBIT AND CREDIT CARD WRITE OFFS: TOTAL EXPENSES 429,986. ATM EXPENSES: TOTAL EXPENSES 323,663.ALL OTHER FUNCTIONAL EXPENSES
FORM 990, PART XI, LINE 5:NET UNREALIZED GAINS ON INVESTMENTS: 387,754. CUSO LOSS -35,591. TOTAL TO FORM 990, PART XI, LINE 5: 352,163.CHANGES IN NET ASSETS OR FUND BALANCES:
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/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodePrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateEOY AssetsEOYAssetsDirect Controlling Entity NADirectControllingEntityNA
EDUCATORS CREDIT UNION-CENTER STREET REAL ESTATE LLC
1400 N NEWMAN ROADRACINEWI53406REAL ESTATEWI490000N/A
EDUCATORS CREDIT UNION-IVANHOE PLACE REAL ESTATE LLC
1400 N NEWMAN ROADRACINEWI53406REAL ESTATEWI8920000N/A

Form990 Schedule R Part IV Form990ScheduleRPartIV

Name Of Related Org NameOfRelatedOrg

FieldValueIRS element (for citing)
Business Name Line1EDUCATORS CREDIT UNION FINANCIAL SERVICES INCORPORATE ECU FSIBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line11400 N NEWMAN ROADAddressLine1
CityRACINECity
StateWIState
ZIP Code53406ZIPCode
FieldValueIRS element (for citing)
EIN391941702EIN
Primary ActivityAUTOMOBILE LEASING SALES AND SERVICEPrimaryActivity
Legal Domicile StateWILegalDomicileState

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1EDUCATORS CREDIT UNIONBusinessNameLine1
FieldValueIRS element (for citing)
Type Of EntityCTypeOfEntity
Share Of Total Income-35591ShareOfTotalIncome
Share Of EOY Assets8278654ShareOfEOYAssets
Percentage Ownership1.00000PercentageOwnership
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties1ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org0GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org1LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs0RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs0PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities1SharingOfFacilities
Sharing Of Paid Employees1SharingOfPaidEmployees
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org1OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolved
EDUCATORS CREDIT UNION FINANCIAL SERVICES INCORPORATE ECU FSI
A120
EDUCATORS CREDIT UNION FINANCIAL SERVICES INCORPORATE ECU FSI
R161900

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