2026-09-14T15:28:06-05:00 2025-12-31 393647910 WIPFLI ADVISORY LLC 1502 LONDON ROAD SUITE 220 DULUTH MN 55812 990 2025-01-01 416024250 SHAREPOINT CREDIT UNION SHAR 9529300700 5300 HYLAND GREENS DRIVE BLOOMINGTON MN 55437 PHILLIP KOPISCHKE PRESIDENT/CEO 9529300700 2026-09-10 1 MICHAEL J PETERSON CPA P01833529 2187224705 2026-09-02 2025 PHILLIP KOPISCHKE 5300 HYLAND GREENS DRIVE BLOOMINGTON MN 55437 20313975 0 X WWW.SHAREPOINTCU.COM X CU 1933 MN THE CREDIT UNION'S MISSION IS TO OFFER COMPETITIVE LOAN AND DEPOSIT PRODUCTS TO OUR MEMBERSHIP TO CREATE LIFELONG FINANCIAL RELATIONSHIPS. 9 9 89 14 8386 0 0 0 17169306 17762538 2737614 2494310 62160 47995 19969080 20304843 11518 1886 5556380 4715457 6034781 6323423 0 0 0 8075139 7350808 19677818 18391574 291262 1913269 379067778 362455497 345224240 323933488 33843538 38522009 THE CREDIT UNION'S MISSION IS TO OFFER COMPETITIVE LOAN AND DEPOSIT PRODUCTS TO OUR MEMBERSHIP TO CREATE LIFELONG FINANCIAL RELATIONSHIPS. 0 0 DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 33,000 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 21,000 MEMBERS. PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS, AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS. RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA ONLINE/MOBILE BANKING, ATM NETWORKS, AND IN PERSON AT THE CREDIT UNION OFFICES. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 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 0 0 0 1 7682 0 89 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X AARON KASTNER 9529300700 5300 HYLAND GREENS DRIVE BLOOMINGTON MN 55437 JOSEPH BUDNICK CHAIR 1.00 X X 4575 0 0 SCOTT WEICHT SECRETARY 1.00 X X 1550 0 0 GARY HAWLEY DIRECTOR 0.50 X 3225 0 0 ALAN PEDERSON DIRECTOR 0.50 X 2825 0 0 JOSEPH SCHMIDT DIRECTOR 0.50 X 3830 0 0 SARAH NELSON VICE CHAIR 1.00 X X 2530 0 0 LINDSEY OLSEN DIRECTOR 0.50 X 2225 0 0 LISA TOLLAKSON DIRECTOR 0.50 X 2700 0 0 MARY ST MARY DIRECTOR 0.50 X 0 0 0 PHILLIP KOPISCHKE PRESIDENT/CEO 40.00 X 444116 0 19549 PAUL VORK EVP OF ACCOUNTING & FINANCE 40.00 X 146405 0 7298 KERRI HINIKER EVP OF CREDIT & RISK 40.00 X 161375 0 32470 MEGAN HAMMACK SVP OF OPERATIONS 40.00 X 135833 0 5397 TAMMY JOHNSON-KOHL SVP MEMBER SERVICES 40.00 X 113977 0 24335 KERRI COWDEN SVP OF CONSUMER CREDIT 40.00 X 107552 0 22151 JEFF THILL SVP OF IT 40.00 X 113268 0 11342 1245986 0 122542 7 0 1 0 VELERA PO BOX 749439 ATLANTA GA 303749439 DEBIT & CREDT CARD PROCESSOR/SERVICER 1127479 FISERV PO BOX 934057 ATLANTA GA 311934057 BANKING SYSTEMS: CORE, ACCOUNTING/FINANC 739115 COMCAST BUSINESS PO BOX 34744 SEATTLE WA 98124 INTERNET AND PHONE SERVICES 708470 HARLAND CLARKE 15955 LA CANTERA PKWY SAN ANTONIO TX 78256 STATEMENT SERVICES 525825 CU SOLUTIONS PO BOX 190 ROYAL OAK MI 480686800 ONLINE/MOBILE BANKING 502013 12 INTEREST ON LOANS 522100 15061967 15061967 FEE INCOME 522100 2700571 2692185 8386 17762538 2502537 2502537 47995 0 47995 47995 47995 905 9132 -8227 -8227 -8227 20304843 17754152 8386 2542305 1886 4715457 640828 4217230 146495 951077 367793 17413 78758 539746 416753 750423 454290 413302 106413 11681 16711 358686 16653 LOAN SERVICING EXPENSE 1151538 DEBIT & CREDIT CARD EXP 716034 ATM EXPENSE 680085 BAD DEBT EXPENSE 149664 1472658 18391574 1418596 1556792 19862158 17998755 727243 874213 2650328 3260375 235198274 234157864 736365 747264 10980940 4846155 6389846 6134785 71341675 50672723 16275139 26347051 6487829 5449489 17980325 15256186 379067778 362455497 898252 1124068 0 535176 344325988 322274244 345224240 323933488 X 0 0 0 0 33843538 38522009 33843538 38522009 379067778 362455497 1913269 2765202 0 X 0 1 X 1 0 2185327 2185327 5495542 1958019 3537523 116826 112401 4425 3183245 2775735 407510 6134785 DEPOSITS IN COMMERCIAL BANKS 25000302 C PERPETUAL CONTRIBUTED CAPITAL 489707 C ALL OTHER INVESTMENTS 857042 C 26347051 MEMBERS' SHARE AND DEPOSITS 321744447 OPERATING LEASE LIABILITIES 529797 322274244 X 20313070 0 20313070 -8227 -8227 20304843 18399801 0 18399801 -8227 -8227 18391574 PART X, LINE 2: THE CREDIT UNION MAY RECOGNIZE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS FROM UNCERTAIN TAX POSITIONS. UNRECOGNIZED TAX BENEFITS REPRESENT THE DIFFERENCES BETWEEN A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND THE BENEFIT RECOGNIZED AND MEASURED IN THE FINANCIAL STATEMENT. INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS INCOME TAX EXPENSE. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL INCLUDED AS AN EXPENSE ON FINANCIAL STATEMENTS -8,227. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL INCLUDED AS AN EXPENSE ON FINANCIAL STATEMENTS -8,227. X 0 1 X X X 1 1 0 PHILLIP KOPISCHKE PRESIDENT/CEO 346814 0 80300 0 17002 0 10355 0 9194 0 463665 0 0 0 KERRI HINIKER EVP OF CREDIT & RISK 153313 0 6400 0 1662 0 6726 0 25744 0 193845 0 0 0 PAUL VORK EVP OF ACCOUNTING & FINANCE 136975 0 8300 0 1130 0 5298 0 2000 0 153703 0 0 0 PART I, LINE 1A SOCIAL CLUB DUES - PHILLIP KOPISCHKE, PRESIDENT/CEO, NOT INCLUDED IN TAXABLE COMPENSATION THE PRIMARY PURPOSE OF THE EDINA COUNTRY CLUB (ECC) MEMBERSHIP IS TO CONDUCT BUSINESS RELATED MEETINGS WITH EMPLOYEES, BOARD MEMBERS, ETC. ANY TRANSACTIONS AT ECC FOR PERSONAL USE ARE DEDUCTED FROM PHILLIP'S PERSONAL CHECKING ACCOUNT AT THE CREDIT UNION. PART I, LINE 1B WE DO NOT HAVE A WRITTEN POLICY REGARDING THE ECC MEMBERSHIP. BOTH THE PRESIDENT/CEO AND THE ORGANIZATION'S ACCOUNTS PAYABLE TEAM RECEIVE COPIES OF THE MONTHLY STATEMENTS. THE PRESIDENT/CEO PROVIDES A BREAKDOWN OF THE ATTENDEES AND PURPOSE OF EACH EXPENSE, AS WELL AS ANY NECESSARY SUPPORTING INFORMATION. THE STATEMENTS ARE REVIEWED AND APPROVED BY THE EVP OF ACCOUNTING & FINANCE BEFORE PAYMENT IS REMITTED DIRECTLY TO ECC. PART I, LINES 4A-B SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: PHILLIP KOPISCHKE PARTICIPATES IN A SPLIT-DOLLAR LIFE INSURANCE PLAN. SEE SCHEDULE L, PART II FOR MORE DETAIL. PHILLIP KOPISCHKE CEO SPLIT-DOLLAR LIFE INSURANCE X 2237500 3260375 0 1 1 3260375 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 21,000 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE, AND VOTING RIGHTS AT THE ANNUAL MEETINGS, WITH THE EXCEPTION OF THE MEMBER-OWNERS WHO ARE ELECTED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER-OWNERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS FOR THREE-YEAR TERMS ON A ROTATING BASIS. CANDIDATES ARE ELECTED BY A SIMPLE PLURALITY VOTE. THE BOARD OF DIRECTORS APPOINT VOLUNTEERS TO SERVE ON THE SUPERVISORY COMMITTEE, WHICH IS VESTED WITH MONITORING SAFETY AND SOUNDNESS OF THE ORGANIZATION. IF DEEMED APPROPRIATE, THE SUPERVISORY COMMITTEE CAN SUSPEND BOARD MEMBERS AND CAN CALL A SPECIAL MEETING OF THE MEMBERSHIP TO EVALUATE THE ISSUE AND VOTE TO EITHER DISMISS OR REINSTATE THE BOARD MEMBER. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE GOVERNING DOCUMENTS (BYLAWS) MUST BE APPROVED BY THE MEMBER-OWNERS AFTER THEY HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS AND THE REGULATORY AGENCY. APPROVAL OCCURS WHEN AT LEAST 50% OF THE MEMBER-OWNERS VOTE TO APPROVE. FORM 990, PART VI, SECTION B, LINE 11B THE ACCOUNTING STAFF PREPARES THE NECESSARY DOCUMENTS FOR THE COMPLETION OF THE FORM 990. PRIOR TO BEING FILED WITH THE IRS, A MEMBER OF SENIOR MANAGEMENT REVIEWS THE RETURN FOR ACCURACY. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION DOES NOT HAVE A FORMAL CONFLICT OF INTEREST POLICY, HOWEVER, THERE IS A CODE OF ETHICS WHICH COVERS CONFLICTS OF INTEREST. THE CODE OF ETHICS AND CONFIDENTIALITY AGREEMENT IS SIGNED EACH YEAR BY ALL BOARD MEMBERS. THE AGREEMENTS ARE COLLECTED AND REVIEWED BY THE SUPERVISORY COMMITTEE. VIOLATION OF THE CODE OF ETHICS AND CONFIDENTIALITY AGREEMENT CAN RESULT IN REMOVAL FROM THE BOARD OR SUPERVISORY COMMITTEE. ANY POTENTIAL CONFLICTS OF INTERESTS THAT MAY APPEAR DURING THE YEAR ARE TO BE REPORTED TO THE CEO, CHAIR OF THE BOARD, AND OR CHAIR OF THE SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A THE CEO'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THEY USE COMPARABLE INDUSTRY DATA PRODUCED BY AMERICA'S CREDIT UNIONS TO DETERMINE THE PAY RANGE. PERFORMANCE IS DOCUMENTED ON AN ANNUAL REVIEW FORM COMPLETED BY ALL BOARD DIRECTORS. THE COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES IS DETERMINED BY THE CEO. THE CEO USE COMPARABLE INDUSTRY DATA PRODUCED BY AMERICA'S CREDIT UNIONS TO DETERMINE THE PAY RANGE. PERFORMANCE IS DOCUMENTED ON AN ANNUAL REVIEW FORM COMPLETED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE POSTED ON OUR WEBSITE AND PROVIDED TO MEMBERS DURING THE ANNUAL MEMBERSHIP MEETING. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION'S BRANCH LOBBIES. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST.