2011-06-13T09:27:53-05:00 2010-12-31 HAWKINS ASH BAPTIE AND CO LLP 400 REID STREET SUITE V DE PERE WI 541152164 990 2010-01-01 390906277 SUPERIOR CHOICE CREDIT UNION SUPE 8005694167 2817 TOWER AVENUE PO BOX 127 SUPERIOR WI 548800127 GARY ELLIOTT 8005694167 2011-06-01 1 STEVE HANDRICK 9203369850 2010 2016-02-24 21:20:13Z GARY ELLIOTT 2817 TOWER AVENUE PO BOX 127 SUPERIOR WI 548800127 13495021 0 X WWW.SUPERIORCHOICE.COM X 1932 WI A NONPROFIT MEMBER-OWNED THRIFT INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS. OPERATIONS ARE PRIMARILY RELATED TO HOLDING DEPOSIT FOR AND MAKING LOANS TO MEMEBERS. 9 9 103 9 23723 0 0 0 11832422 12706050 651224 788971 146242 0 12629888 13495021 0 0 0 0 3523916 3724674 0 0 0 7447427 7648745 10971343 11373419 1658545 2121602 169702144 188271953 155450393 171890707 14251751 16381246 FINANCIAL SERVICES PROVIDER TO INCLUDE LOANS, DEPOSITS, AND TRANSACTIONAL SERVICES TO CREDIT UNION MEMBERS. 0 0 HOLDING DEPOSITS FOR AND MAKING LOANS TO MEMEBERS COURTESY PAY AND OVERDRAFT COVERAGE VARIETY OF OTHER FINANCIAL SERVICES 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4384 0 0 103 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 WI MN X GARY ELLIOTT 7153925616 2817 TOWER AVENUE SUPERIOR WI 54880 BILL ANDERSON 1.00 X 1200 0 0 MARK CASPER 1.00 X 0 0 0 ED GALLAGHER 1.00 X 1000 0 0 JAMES LARSON 1.00 X 1200 0 0 TIM LEE 1.00 X 1000 0 0 RON PEARSON 1.00 X 0 0 0 GREG TRUDEAU 1.00 X 0 0 0 LYNDA HOFMAN 1.00 X 1000 0 0 ERNIE KORPELA 1.00 X 1000 0 0 GARY ELLIOTT 40.00 X 157020 0 9978 ANN MARIE OLSON 40.00 X 84162 0 0 JIM PETERSON 40.00 X 83875 0 0 JAMES STEIN 40.00 X 92717 0 0 SANDIE ZANDER 40.00 X 82621 0 0 LAURA KIRKLAND 40.00 X 72022 0 0 PETER KOSKINEN 40.00 X 24860 0 0 603677 0 9978 1 0 1 0 0 PROG.SERV.REVENUE-RELA 522100 12706050 12682327 23723 12706050 786587 786587 2384 2384 2384 2384 13495021 13471298 23723 0 597277 3127397 74029 49452 280113 283596 439224 77341 303169 540978 DIVS ON SHARES 2115817 ALL OTHER EXPENSES 1417217 OTHER EXPENSES 997416 PROVISION FOR BAD DEBT 521163 TELEPHONE 137603 411627 11373419 5329620 4297480 6626242 4264143 663103 663780 130457556 151799970 115247 90298 11056843 5585242 5760010 5471601 15928307 15602123 4822059 6082558 169702144 188271953 1404544 2027325 1388333 207355 152657516 169656027 155450393 171890707 X 0 0 9886618 9886618 4365133 6494628 14251751 16381246 169702144 188271953 X 2121602 7893 X X 0 1 1 X 0 1 89849110 23014500 19206251 93657359 0 1037530 1037530 5151028 1803934 3347094 173895 169866 4029 4663481 3611442 1052039 30909 30909 5471601 457 B PLAN 64663 C U.S. GOVERNMENT SECURITIES 4611936 C MORTGAGE-BACKED SECURITIES 7871496 C MUNICIPAL BONDS 3054028 C 15602123 OTHER LIABILITIES(DETAIL)-990 169656027 169656027 13495021 11373419 2121602 286495 -278602 7893 2129495 13495021 0 13495021 0 13495021 11373419 0 11373419 0 11373419 PART IV, LINE 1B: CREDIT UNION SERVICES MORTGAGE LOANS ON BEHALF OF FREDDIE MAC DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: IN ACCORDANCE WITH U.S. GAAP, THE CREDIT UNION HAS ADOPTED THE PROVISIONS OF "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES", ON JANUARY 1, 2009. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE FINANCIAL STATEMENTS. AS OF BOT THE DATE OF ADOPTION, AND AS OF DECEMBER 31, 2010 AND 2009, THE UNRECOGNIZED TAX BENEFIT ACCRUAL WAS ZERO. THE CREDIT UNION WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS INCOME TAX EXPENSE IF INCURRED. THE CREDIT UNION IS NO LONGER SUBJECT TO FEDERAL TAX EXAMINATION BY TAX AUTHORITIES FOR YEARS BEFORE 2007 AND STATE EXAMINATION FOR YEARS BEFORE 2006. OCI-UNDER/OVER FUNDED DEFERRED COMPENSATION PLAN(PART XI, LINE 8) X 1 1 X X X 0 0 0 GARY ELLIOTT 145199 0 11821 0 0 0 9978 0 0 0 166998 0 0 0 ANN MARIE OLSON X 175200 171261 0 1 1 WILLIAM ANDERSON X 266400 254483 0 1 1 RONALD PEARSON X 71520 19626 0 1 1 TIMOTHY LEE X 87115 0 1 1 ERNEST KORPELA X 113500 104410 0 1 1 WILLIAM ANDERSON X 21078 0 1 1 ERNEST KORPELA X 5807 0 1 1 663780 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE INDIVIDUALS THAT HAVE DEPOSITS WITH THE CREDIT UNION FORM 990, PART VI, SECTION A, LINE 7A BOARD OF DIRECTORS IS ELECTED BY MEMBERS FORM 990, PART VI, SECTION A, LINE 7B PER BY-LAWS, CERTAIN DECISIONS REQUIRE MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11 DOCUMENT REVIEWED BY CEO AND FIRST VICE PRESIDENT FORM 990, PART VI, SECTION B, LINE 12C INTERNAL AUDIT REVIEW AND SELF REVIEW BY DEPARTMENT MANAGERS FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DATA IS COMPILED BY THIRD PARTY SOFTWARE VENDOR. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 286,495. OCI - UNDER/OVER FUNDED DEFERRED COMPENSATION PLAN -278,602. TOTAL TO FORM 990, PART XI, LINE 5: 7,893. FORM 990 PART XII LINE 2C THERE HAS BEEN NO CHANGE IN THE OVERSIGHT COMMITTEE IN REGARDS TO THE AUDIT. CU ANSWERS 600-28TH STREET SE SUITE 100 GRAND RAPIDS MI 49546 381912158 DATA PROCESSING SERVICES MI C 0.12000 WISCUB N25 W23131 PAUD ROAD PEWAUKEE WI 53072 391273224 ELECTRONIC TRANSACTION SERVICES WI C CU COOPERATIVE SYSTEMS 9692 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 953732627 ELECTRONIC TRANSACTION SERVICES CA C NORTHLAND BENEFITS INC 2817 TOWER AVENUE SUPERIOR WI 54880 320258695 OTHER-BENEFITS PLUS MEMBERSHIP WI C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0