MARINE CREDIT UNION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: MARINE CREDIT UNION (EIN 39-0827305)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-11-15
IRS object ID: 201103199349306225
Schema version: 2010v3.4
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 L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-11-15T13:41:41-06:00	Timestamp
Tax Period End Date	2010-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

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	7601 FRANCE AVENUE SOUTH SUITE 400	AddressLine1
City	MINNEAPOLIS	City
State	MN	State
ZIP Code	55435	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	390827305	EIN

Name Name

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

Field	Value	IRS element (for citing)
Name Control	MARI	NameControl
Phone	6087911543	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	811 MONITOR STREET	AddressLine1
City	LA CROSSE	City
State	WI	State
ZIP Code	54601	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	GARLAND KOCH	Name
Title	CFO	Title
Phone	6087911543	Phone
Date Signed	2011-11-14	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	RICHARD RUVELSON	Name
Phone	9525483400	Phone
Date Prepared	2011-11-14	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	SHAWN HANSON	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	811 MONITOR STREET	AddressLine1
City	LA CROSSE	City
State	WI	State
ZIP Code	54601	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	66500968	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Group Exemption Number	2157	GroupExemptionNumber
Organization501c	X	Organization501c
Web Site	WWW.MARINECU.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1949	YearFormation
State Legal Domicile	WI	StateLegalDomicile
Activity Or Mission Description	WE WILL SERVE MORE OF THE UNDERSERVED WITH PRODUCTS, SERVICE, TIME AND GIVING. WE WILL INCREASE THE NUMBER AND PERCENTAGE OF CUSTOMERS AVAILING THEMSELVES OF A VARIETY OF HIGH QUALITY SERVICES.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	7	NbrIndependentVotingMembers
Total Nbr Employees	371	TotalNbrEmployees
Total Nbr Volunteers	8	TotalNbrVolunteers
Total Gross UBI	2849354	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	36601130	ProgramServiceRevenuePriorYear
Program Service Revenue CY	37753563	ProgramServiceRevenueCY
Investment Income Prior Year	2333274	InvestmentIncomePriorYear
Investment Income Current Year	203710	InvestmentIncomeCurrentYear
Other Revenue Prior Year	0	OtherRevenuePriorYear
Other Revenue Current Year	-1035898	OtherRevenueCurrentYear
Total Revenue Prior Year	38934404	TotalRevenuePriorYear
Total Revenue Current Year	36921375	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	11834653	SalariesEtcPriorYear
Salaries Etc Current Year	14534897	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	23254413	OtherExpensePriorYear
Other Expenses Current Year	27024796	OtherExpensesCurrentYear
Total Expenses Prior Year	35089066	TotalExpensesPriorYear
Total Expenses Current Year	41559693	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	3845338	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-4638318	RevenuesLessExpensesCY
Total Assets BOY	421629627	TotalAssetsBOY
Total Assets EOY	414191029	TotalAssetsEOY
Total Liabilities BOY	384476562	TotalLiabilitiesBOY
Total Liabilities EOY	383952448	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	37153065	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	30238581	NetAssetsOrFundBalancesEOY
Mission Description	WE WILL SERVE MORE OF THE UNDERSERVED WITH PRODUCTS, SERVICE, TIME AND GIVING. WE WILL INCREASE THE NUMBER AND PERCENTAGE OF CUSTOMERS AVAILING THEMSELVES OF A VARIETY OF HIGH QUALITY SERVICES.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Description	DEPOSIT TAKING - MARINE CREDIT UNION ACTS AS A FINANCIAL INTERMEDIARY IN EACH OF THE COMMUNITIES IT SERVES. EACH OF OUR 60,000 MEMBERS HAS AT LEAST ONE SAVINGS ACCOUNT AND THESE MEMBERS HAVE OVER 28,000 CHECKING ACCOUNTS WITH MARINE. WE OFTEN PROVIDE THESE SERVICES AT A LOWER COST THAN WHAT WOULD OTHERWISE BE AVAILABLE. WE PROTECT OVER $332 MILLION OF INSURED FUNDS ON BEHALF OF OUR DEPOSITORS.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Description	CONSUMER LENDING - MARINE CREDIT UNION IS A FULL SERVICE CONSUMER LENDING INSTITUTION. IN 2010 WE GRANTED OVER 5,900 CONSUMER LOANS FOR A TOTAL OF OVER $40 MILLION. THESE LOANS ARE USED BY OUR BORROWERS TO CONSOLIDATE DEBT, PURCHASE GOODS SUCH AS AUTOMOBILES AND RECREATIONAL VEHICLES AND TO FINANCE CONTINUING EDUCATION EXPENSES. THE TOTAL CONSUMER LOAN PORTFOLIO IS GREATER THAN $128 MILLION.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Description	MORTGAGE LENDING - MARINE CREDIT UNION IS AN INTEGRAL PART OF THE COMMUNITIES WE SERVE BY PROVIDING OVER 700 LOANS TOTALING OVER $42 MILLION. THESE LOANS ARE USED BY BORROWERS TO PURCHASE, REFINANCE OR IMPROVE THEIR HOMES. CURRENT MORTGAGE LOANS OUTSTANDING EXCEED $161 MILLION.	Description

Field	Value	IRS element (for citing)
Described In501 C3	0	DescribedIn501C3
Schedule B Required	0	ScheduleBRequired
Political Activities	0	PoliticalActivities
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	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	1	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	1	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	1	TransactionRelatedEntity
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	15977	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	371	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	7	NbrVotingGoverningBodyMembers
Number Independent Voting Members	7	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	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	0	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	0	RegularMonitoringEnforcement
Whistleblower Policy	1	WhistleblowerPolicy
Document Retention Policy	1	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	GARLAND KOCH	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	6087911543	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	811 MONITOR STREET	AddressLine1
City	LACROSSE	City
State	WI	State
ZIP Code	54601	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (17 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
DIANNE MORRISSON
DIRECTOR - SECRETARY/TREASURER	1.00	X	X	0	0	0
RICHARD SWANTZ
DIRECTOR	1.00	X		0	0	0
ROBERT CARNEY
DIRECTOR - CHAIRMAN	1.00	X	X	5769	0	0
STEVE ROSS
DIRECTOR - VICE CHAIRMAN	1.00	X	X	0	0	0
TERRY WITZKE
DIRECTOR	1.00	X		0	0	0
WILLIAM SACIA
DIRECTOR	1.00	X		0	0	0
BARBARA MUSSMAN
ADVISORY DIRECTOR	1.00	X		0	0	0
ALAN WEHRENBERG
PRESIDENT PREMIER BUSINESS	40.00		X	106158	0	22562
BRAD NOEL
CHIEF OPERATING OFFICER	40.00		X	179402	0	23155	X
MARGARET LAMB TERM 2811
CFO	40.00		X	136680	0	19073
NIEL DEVASIR TERM 93010
FORMER CTO	40.00		X	177705	0	17213	X
SHAWN HANSON
PRESIDENT/CEO	40.00		X	259438	0	26148	X
JOHN RAUSHENBERGER
MIS CEO	40.00			142641	0	11385		X
ERIK BEACH
VP DIRECT ORIGINATIONS - CLS	40.00			113998	0	20579		X
RICK BOWE
VP OPERATIONS	40.00			129777	0	4488		X
LISA DEML
SENIOR VP ADMINISTRATION	40.00			104210	0	22976		X
WILLIAM FAUST TERM 31811
FORMER VP	40.00			115956	0	11881		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	1471734	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	179460	TotalOtherCompensation
Number Individuals GT100 K	10	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources
Number Of Contractors GT100 K	0	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	24847231	24847231
SERVICE FEES AND OTHER	522100	11295511	7688962	3606549
MISCELLANEOUS INCOME	522100	650672	650672
COMMISSION INCOME	522100	582184	582184
LATE CHARGES	522100	377965	377965

Field	Value	IRS element (for citing)
Total Program Service Revenue	37753563	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	157478	TotalRevenueColumn
Exclusion	$157,478	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	128161	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	128161	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	128161	TotalRevenueColumn
Related Or Exempt Function Income	128161	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	27631592	Securities
Other	1994233	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	27243525	Securities
Other	2336068	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	388067	Securities
Other	-341835	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	46232	TotalRevenueColumn
Related Or Exempt Function Income	-341835	RelatedOrExemptFunctionIncome
Exclusion	$388,067	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	LLC LOSS	Description
Business Code	522100	BusinessCode
Total Revenue Column	-1164059	TotalRevenueColumn
Related Or Exempt Function Income	-406864	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	-757195	UnrelatedBusinessRevenue

Field	Value	IRS element (for citing)
Total Other Revenue	-1164059	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	36921375	TotalRevenueColumn
Related Or Exempt Function Income	33526476	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	2849354	UnrelatedBusinessRevenue
Exclusion	$545,545	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	973302	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	10187133	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	250647	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	2105797	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	1018018	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	847393	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	487928	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	254016	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	726443	Total

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	862650	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	1691200	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	274058	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	88183	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	474349	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1742545	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	954621	Total

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal
LOAN LOSS PROVISION	9466517
DIVIDENDS ON MEMBER ACC	3319332
LOAN SERVICING/PROCESSI	2226443
MISCELLANEOUS EXPENSES	1462993
ATM/DEBIT CARD/INTERCHA	1338246

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	807879	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	41559693	Total

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	6307998	BOY
EOY	6115414	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	15946652	BOY
EOY	23622434	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	334174909	BOY
EOY	342571363	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	1767434	BOY
EOY	1285891	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	30113470	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	11436438	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	19045674	BOY
EOY	18677032	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	28301986	BOY
EOY	370784	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	16084974	BOY
EOY	21548111	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	421629627	BOY
EOY	414191029	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	2363370	BOY
EOY	7763258	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	70273096	BOY
EOY	35781471	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	311840096	BOY
EOY	340407719	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	384476562	BOY
EOY	383952448	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	37153065	BOY
EOY	30238581	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	37153065	BOY
EOY	30238581	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	421629627	BOY
EOY	414191029	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-4638318	ReconcilationRevenueExpenses
Reconcilation Other Changes	-2276166	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
Audit Committee	1	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	3275002	OtherCostOrOtherBasis
Book Value	3275002	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	16809282	OtherCostOrOtherBasis
Depreciation	3522808	Depreciation
Book Value	13286474	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	9807019	OtherCostOrOtherBasis
Depreciation	7701783	Depreciation
Book Value	2105236	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	222167	OtherCostOrOtherBasis
Depreciation	211847	Depreciation
Book Value	10320	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	18677032	TotalOfBookValueLandBuildings

Other Assets OtherAssets (6 entries)

DescriptionDescription	Book ValueBookValue
ACCRUED INTEREST	2176179
MORTGAGE SERVICING RIGHTS	2663878
OTHER ASSETS	11888750
INVESTMENT IN CUSO	271379
FHLB CHI	2153452
OTHER REAL ESTATE OWNED	2394473

Field	Value	IRS element (for citing)
Total Book Value Other Assets	21548111	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (5 entries)

DescriptionDescription	AmountAmount
SHARE DRAFTS	$58,420,004
REGULAR SHARES	$84,392,157
MONEY MARKET SHARES	$91,894,370
SHARE CERTIFICATES	$79,337,667
IRA/KEOGH ACCOUNT	$26,363,521

Field	Value	IRS element (for citing)
Total Of Amounts	340407719	TotalOfAmounts
Total Revenue	36921375	TotalRevenue
Total Expenses	41559693	TotalExpenses
Excess Or Deficit For Year	-4638318	ExcessOrDeficitForYear
Prior Period Adjustments	-1776479	PriorPeriodAdjustments
Other	-$499,687	OtherAmount
Total Adjustments	-2276166	TotalAdjustments
Excess Or Deficit Per FS	-6914484	ExcessOrDeficitPerFS

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	PART XI, LINE 8 - OTHER ADJUSTMENTS:	Identifier
Explanation	CHANGE IN UNREALIZED GAIN/LOSS - SECURITIES -499,687.	Explanation

Schedule J IRS990ScheduleJ

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

Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)

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
BRAD NOEL
179402	0	0	0	0	0	0	0	23155	0	202557	0	0	0
MARGARET LAMB TERM 2811
136680	0	0	0	0	0	0	0	19073	0	155753	0	0	0
NIEL DEVASIR TERM 93010
177705	0	0	0	0	0	0	0	17213	0	194918	0	0	0
SHAWN HANSON
259438	0	0	0	0	0	0	0	26148	0	285586	0	0	0
JOHN RAUSHENBERGER
142641	0	0	0	0	0	0	0	11385	0	154026	0	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Return Reference	PART I, LINE 1A	ReturnReference
Explanation	TEMPORARY, TAXABLE HOUSING ALLOWANCES WERE PROVIDED TO NEW MANAGEMENT PERSONNEL RECRUITED FROM OUTSIDE THE LA CROSSE AREA.	Explanation

Schedule L IRS990ScheduleL

Loan Table LoanTable (2 entries)

Purpose Of LoanPurposeOfLoan	Loan From OrganizationLoanFromOrganization	Original PrincipalOriginalPrincipalAmount	Balance DueBalanceDue	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement
SHAWN L HANSON
DEFERRED COMPENSATION PROGRAM TO PROMOTE EMPLOYEE RETENTION	X	$2,550,000	2550000	0	1	1
MARK RIELAND
DEFERRED COMPENSATION PROGRAM TO PROMOTE EMPLOYEE RETENTION	X	$330,000	330000	0	0	1

Field	Value	IRS element (for citing)
Total Balance Due	2880000	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	ExplanationExplanation	Return ReferenceReturnReference
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	THE MEMBERS WOULD NEED TO APPROVE DECISIONS SUCH AS CHANGE OF NAME OR A MERGER DECISION.
FORM 990, PART VI, SECTION B, LINE 11	AN INITIAL REVIEW OF THE 990 IS PERFORMED BY THE CFO. ANY REVISIONS THAT NEED TO BE MADE ARE COMPLETED AND THE REVISED 990 IS PRESENTED TO THE CEO PRIOR TO THE REPORT BEING FILED.
	CEO: THE BOARD OF DIRECTORS APPROVES COMPENSATION AS RECOMMENDED BY THE COMPENSATION COMMITTEE. BASE COMPENSATION IS TARGETED TO THAT OF PEER FINANCIAL INSTITUTIONS OF SIMILAR SIZE AND COMPLEXITY. INCENTIVE PAY AND BASE PAY INCREASES OR DECREASES ARE DRIVEN BY THE PERFORMANCE OF THE EXECUTIVE VERSUS PRE-DETERMINED GOALS AND OBJECTIVES WHICH ARE ALIGNED WITH THE MISSION AND STRATEGY OF THE ORGANIZATION. THE CEO IS GIVEN QUARTERLY AND ANNUAL PERFORMANCE EVALUATIONS WHICH FACTOR INTO COMPENSATION DISCUSSIONS. OTHER OFFICERS AND KEY EMPLOYEES: BASE COMPENSATION IS DRIVEN BY MARKETPLACE TRENDS AND OTHER COMPETITIVE FACTORS. INCENTIVE PAY AND BASE PAY INCREASES ARE DRIVEN BY THE PERFORMANCE OF EACH EMPLOYEE VERSUS PRE-DETERMINED GOALS AND OBJECTIVES WHICH ARE ALIGNED WITH THE MISSION AND STRATEGY OF THE ORGANIZATION. ALL EMPLOYEES ARE EVALUATED AGAINST OBJECTIVE AND SUBJECTIVE CRITERIA ON A MONTHLY AND ANNUAL BASIS.	FORM 990, PART VI, SECTION B, LINE 15
	BYLAWS ARE AVAILABLE UPON REQUEST AND ANNUAL FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE.	FORM 990, PART VI, SECTION C, LINE 19
CHANGES IN NET ASSETS OR FUND BALANCES:	PRIOR PERIOD ADJUSTMENTS: -1,776,479. CHANGE IN UNREALIZED GAIN/LOSS - SECURITIES -499,687. TOTAL TO FORM 990, PART XI, LINE 5: -2,276,166.	FORM 990, PART XI, LINE 5:
	THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.	FORM 990, PART XII, LINE 2C

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI (5 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivitiesPrimaryActivities	Legal Domicile StateLegalDomicileState	Total IncomeTotalIncome	EOY AssetsEOYAssets	Business Name Line1DirectControllingEntityName/BusinessNameLine1
ADVANTAGE FINANCIAL SERVICES LLC
127 WEST AVE N	LA CROSSE	WI	54601	800018187	HOLDING COMPANY	WI	47241	5942030	MARINE CREDIT UNION
PREMIER BUSINESS SERVICES
127 WEST AVE N	LA CROSSE	WI	54601	263861873	BUSINESS LOAN UNDERWRITING AND SERVICING	WI		227252	ADVANTAGE FINANCIAL SERVICES
CONSUMER LOAN SERVICES LLC
600 3RD ST N SUITE 200	LA CROSSE	WI	54601	270191461	MORTGAGE UNDERWRITING AND SERVICING	WI	1414131	8564732	ADVANTAGE FINANCIAL SERVICES
CREDIT UNION LOAN DEPARTMENT LLC
127 WEST AVE N	LA CROSSE	WI	54601	264591788	LOAN COLLECTION TO FINANCIAL INSTITUTIONS	WI	55843	0	ADVANTAGE FINANCIAL SERVICES
ASK FOR CREDIT UNIONS
127 WEST AVE N	LA CROSSE	WI	54601	264187781	MANAGEMENT EXPERTISE TO CREDIT UNIONS	WI	12	0	ADVANTAGE FINANCIAL SERVICES

Form990 Schedule R Part III Form990ScheduleRPartIII

Name Of Related Org NameOfRelatedOrg

Field	Value	IRS element (for citing)
Business Name Line1	MARINE INSURANCE SERVICES	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	811 MONITOR ST	AddressLine1
City	LA CROSSE	City
State	WI	State
ZIP Code	54603	ZIPCode

Field	Value	IRS element (for citing)
EIN	263295091	EIN
Primary Activity	INSURANCE AGENCY	PrimaryActivity
Legal Domicile State	WI	LegalDomicileState

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	ADVANTAGE FINANCIAL SERVICES	BusinessNameLine1

Field	Value	IRS element (for citing)
Predominant Income Type	UNRELATED	PredominantIncomeType
Share Of Total Income	-1226832	ShareOfTotalIncome
Share Of EOY Assets	368991	ShareOfEOYAssets
Disproportionate Allocations	0	DisproportionateAllocations
Code V	-$757,195	CodeVAmount
General Or Managing Partner	1	GeneralOrManagingPartner
Percentage Ownership	0.95000	PercentageOwnership

Form990 Schedule R Part IV Form990ScheduleRPartIV

Name Of Related Org NameOfRelatedOrg

Field	Value	IRS element (for citing)
Business Name Line1	ADVISORS MANAGEMENT GROUP INC	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	505 KING ST SUITE 208	AddressLine1
City	LACROSSE	City
State	WI	State
ZIP Code	54601	ZIPCode

Field	Value	IRS element (for citing)
EIN	411619602	EIN
Primary Activity	FINANCIAL PLANNING AND PORTFOLIO MANAGEMENT	PrimaryActivity
Legal Domicile State	WI	LegalDomicileState
Direct Controlling Entity NA	N/A	DirectControllingEntityNA
Type Of Entity	C	TypeOfEntity
Share Of Total Income	51873	ShareOfTotalIncome
Share Of EOY Assets	327478	ShareOfEOYAssets
Percentage Ownership	0.42500	PercentageOwnership

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	0	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	0	LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org	1	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	0	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	0	ExchangeOfAssets
Rental Of Facilities To Other Orgs	1	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	0	SharingOfFacilities
Sharing Of Paid Employees	1	SharingOfPaidEmployees
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	1	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	0	OtherTransferToOtherOrg
Other Transfer From Other Org	0	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (5 entries)

Transaction TypeTransactionType	Amount InvolvedAmountInvolved	Method Of Amt DeterminationMethodOfAmtDetermination
MARINE INSURANCE SERVICES
A	269943	FMV
MARINE INSURANCE SERVICES
P	102866	FMV
MARINE INSURANCE SERVICES
N	162397	FMV
MARINE INSURANCE SERVICES
I	13752	FMV
MARINE INSURANCE SERVICES
F	18127	FMV