2011-08-15T15:27:34-05:00 2010-12-31 WCUL Services Corp N25W23131 Paul Rd Suite 500 Pewaukee WI 53072 990 2010-01-01 396062826 Members Advantage Credit Union MEMB PO BOX 1208 Wisconsin Rapids WI 54495 Tammy Schwebach-Erdman 7154211610 2011-08-15 false Cari Thompson 2625490200 2011-08-15 2010 2016-02-24 21:20:13Z Thomas Bulin PO Box 1208 Wisconsin Rapids WI 54495 4172642 false X www.membersadvantagecu.com X 1932 WI A cooperative nonprofit corporation incorporated to encourage thrift among its members create a source of credit at a fair and reasonable cost and provide an opportunity for its members to improve their economic and social conditions 9 9 31 3828 0 0 3909061 3952357 212552 219608 0 4121613 4171965 0 0 1104381 1191455 0 0 2365382 2390917 3469763 3582372 651850 589593 66442312 71567421 56317940 60853456 10124372 10713965 A cooperative nonprofit corporation incorporated to encourage thrift among its members create a source of credit at a fair and reasonable cost and provide an opportunity for its members to improve their economic and social conditions false false We have deposit transaction and investment accounts with 9954 members at 1231 During 2010 we opened 2293 new deposit transaction and investment accounts We funded 2001 loans during 2010 As of 123110 we had 587 mortgageshome equity lines 2098 consumer loans and 24 member business loans We also had 1057 credit card accounts with our members at 1231 false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true 2340 0 true 31 true true false false false false false X 9 9 true false false false true true true true true false false true true true true true false true true false X Tammy Schwebach-Erdman 7154211610 PO BOX 1208 Wisconsin Rapids WI 54495 Donna Rasmussen 1.00 X 0 0 0 Gary Phillips 1.00 X X 0 0 0 Jack Uttermark 1.00 X 0 0 0 Joe Bredl 1.00 X 0 0 0 Leanne Pearson 1.00 X X 0 0 0 Mary Ellen Scharff 1.00 X 0 0 0 Rich Water 1.00 X 0 0 0 Ronald Schwanz 1.00 X X 0 0 0 Thomas Scharff 1.00 X X 0 0 0 Scott Vandehey 45.00 X 83982 0 21187 Tammy Schwebach-Erdman 45.00 X 78565 0 19335 Thomas Bulin 45.00 X 127476 0 28623 290023 0 69145 1 false true false Interest on Loans 522100 2974084 2974084 Member Fee Income 522100 668597 668597 Other Member Fee Income 522100 232453 232453 Insurance Sales 524298 58585 58585 Non-member ATM Fees 519100 3574 3574 15064 14810 254 3952357 220285 220285 677 -677 -677 -677 4171965 3948529 3828 219608 290024 573102 46624 217468 64237 4800 11640 8047 48802 136242 111752 138198 9658 64901 213 157745 29676 Dividends on Shares 833217 Provision for Loan Loss 153000 Member AccountCard Costs 195192 Loan Servicing Expense 254160 Member InsNCUSIF 171773 61901 3582372 0 0 0 1063221 894072 12800028 16060762 90186 48722647 49986234 72935 53596 3947870 1247668 2790844 2700202 2296 2007 536531 1086127 453810 694235 66442312 71567421 213533 240520 384 4 56104023 60612932 56317940 60853456 X 10124372 10713965 10124372 10713965 66442312 71567421 589593 0 X false false false 905598 905598 1998481 418339 1580142 611929 490382 121547 431862 338947 92915 2700202 Federal Agency Security 2007 2007 NCUA Capitalization 587645 Corporate Central MCS & PIC 498482 1086127 Member Shares & Deposits 60378957 Deferred Compensation 169624 All Other Liabilities 64351 60612932 X X X false false false Thomas Bulin 127476 0 0 0 0 0 7161 0 21462 0 156099 0 0 0 01. Unrelated business income explanation (Part V, line 3b) We will have the form filed before the extended due date 02. Officer, directors, etc. family relationship (Part VI, line 2) The Board Chair Thomas Scharff and a Board Director Mary Ellen Scharff are brother and sister 03. Members or stockholder classes and rights (Part VI, line 6) The organization consists of members To be a member one must have a sharesavings account Each member has one vote to elect the governing body Board of Directors 04. Member election for additional members (Part VI, line 7a) The Board of Directors is elected by the membership utilizing their one vote per member 05. Governing body decisions (Part VI, line 7b) Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organizations bylaws Any decision to dissolve or merge the organization requires approval of membership unless mandated by regulatory agency ie NCUA Wisconsin Office of Credit Unions 06. Form 990 governing body review (Part VI, line 11) A copy is reviewed at the board meeting 07. Conflict of interest policy compliance (Part VI, line 12c) This is done by an employee override report that is reviewed by the VP Lending 08. CEO, executive director, top management comp (Part VI, line 15a) This is done by comparative data from CUES and then is determined by the Board of Directors The CEO is done in a closed session by the Board of Directors 09. Other officer or key employee compensation (Part VI, line 15b This is done by comparative data from CUES and then is determined by the CEO and Board of Directors 10. Governing documents, etc, available to public (Part VI, line 19) These are made available upon request through the CFO